Trilogy Real Estate Group Acquires Two Class A Multifamily Communities in Ann Arbor, Michigan | State

DETROIT, January 25, 2021 / PRNewswire / – Trilogy Real Estate Group, a ChicagoThe real estate-based real estate investment, property management and development company today announced it has acquired two Ann Arbor Shared apartments in a portfolio transaction of a total of 840 units.

“These acquisitions support our strategy to attract quality communities in markets with healthy fundamentals,” said Trilogy, chief investment officer Jesse Karasik. “”Ann Arbor is a real center of knowledge with one of the best educated populations in the country. In addition to the fact that it is one of the ten fastest growing tech sub-markets, Ann Arbor is one of the best places to live among Gen Z, millennials and retirees alike. “

The first community The mansions on Main Streetis located next to the University of Michigan Football complex and consists of 360 one, two and three bedroom units that were well occupied when purchased. The Villas Resident Experience, built in two phases in 1997 and 2002, is complemented by a convenience package that includes an outdoor pool with a sundeck, a 24-hour fitness center with a peloton spin bike, a clubhouse, a dog park, package lockers and an outdoor kitchen with a fire pit.

Trilogy also acquired The villas at Northstar, a community of 480 units that is one mile from the University of Michigan North Campus. Completed in 1988 and partially renovated by previous owners, the property comprises 31 two-story buildings with one- and two-room apartments that averaged 955 square meters. The community is well staffed. Residents enjoy extensive communal facilities such as a communal lounge, clubhouse with fireplace, playground, tennis court, dog park, outdoor pool, and 24-hour fitness center with a peloton spin bike.

Both properties are centrally located, just a few kilometers from the city center Ann Arbor, Minutes from the University of Michiganand provide nearby access to major highways and public transport, giving residents easy access to local employment offices. Major employers in the community area include: University of Michigan, Trinity Health, General Motors, Toyota, and Domino’s Pizza, among others.

This is Trilogy’s 5th shared apartment in Michigan.

The Trilogy Real Estate Group has sponsored seven private investment funds. Since 2002 the principles of the trilogy have been completed $ 4 billion in transaction volume, including $ 670 million of acquisition and financing activity in 2020 on its current portfolio of 30 apartment buildings in 12 states across the country.

About the Trilogy Real Estate Group

Trilogy Real Estate Group is a vertically integrated real estate investment and management firm focusing on apartment buildings and commercial properties. Trilogy was recently rated “A” and ranked sixth best US property manager in the “epIQ Index for Top 100 Management Companies”. January 2020. Since 2002 the principles of the trilogy have been completed $ 4 billion in transaction volume. Trilogy has proven expertise in timing real estate cycles, as well as in sourcing and managing outstanding real estate investments in markets in the area The United States.