A subsidiary of leading Opportunity Zone investment firm Pinnacle Partners, in partnership with...
Trilogy & Pinnacle Break Ground on Avondale, AZ Opportunity Zone Development
Trilogy Investment Company and Pinnacle Partners have commenced construction on Rêve at Avondale Station, a new development in Avondale, Arizona. This project, located in a Qualified Opportunity Zone, will consist of 107 single-family Build-To-Rent homes. It marks Trilogy's third project in the Avondale area and fifth in the state of Arizona. The decision to expand in this up-and-coming region underscores Trilogy's commitment to providing much-needed rental communities for the strong resident base in the area.
The Avondale development will be positioned on a 15-acre site in Maricopa County, a vibrant and rapidly growing city near downtown Phoenix. With its diverse economy, growing population, and favorable business climate, Avondale is an ideal location for Trilogy Investment Co to build a quality, purposeful community. The project will offer a mix of two- and three-bedroom homes equipped with smart technologies, including solar panels for energy efficiency. In addition, residents will have access to various amenities such as a community clubhouse, pool, and dog park. Despite the challenges faced in 2023, Trilogy Investments Co. has experienced significant growth and has plans to develop 10 more communities in 2024, further expanding their portfolio of single-family rental homes.
“We’re thrilled to partner with Trilogy Investment Co. on this Avondale project,” said Leo Baker, Managing Partner of Pinnacle Partners. “This Avondale project will serve as an anchor in our partnership with Trilogy Investment Co. for many years to come, and we look forward to building a one-of-a-kind community in Avondale.”