Trilogy Real Estate Group

What Trilogy Real Estate Group does

Trilogy Real Estate Group is a privately held real estate investment, development, and management firm founded in 2009, headquartered in Chicago, IL with a secondary headquarters in Miami, FL. The company acquires, develops, and operates Class A multifamily residential properties across approximately 20 assets in 14 cities and 8 states, with a geographic concentration in the Midwest and Florida. Trilogy reports in excess of $5.5 billion in cumulative real estate transaction volume and employs a vertically integrated operating model spanning site selection, development, construction oversight, asset management, and property operations.

The company's product portfolio consists of garden-style, mid-rise, and high-rise multifamily communities ranging from 115 to 646 units per property, featuring amenitized common areas (pools, fitness centers, coworking lounges, dog parks, pickleball courts, golf simulators). Current and pipeline assets include Azalea Apartments (Tampa, 289 units), Velo Village (Franklin, WI, 265 units), The Bohen (Minneapolis, 143 units under construction), Edgewater 27 (Miami, 247 units financed December 2025), The Hallon Phase II (Hopkins, MN, 250 units under construction), and Optima Old Orchard Woods (Skokie, IL, 183 rental units within a 646-unit condo tower). Property management is being augmented through a March 2025 strategic partnership with Greystar, the largest U.S. multifamily owner-operator.

Trilogy generates revenue primarily through recurring rental income on owned and managed multifamily communities and through capital-raising from investment vehicles serving three customer segments: institutional investors, Trilogy Fund Investors (LPs in discretionary funds), and 1031/DST investors accessing tax-deferred Delaware Statutory Trust programs. The GTM motion is relationship-driven and enterprise in nature, with a dedicated investor services team and a partner-facing investor portal. Marketing and lead generation rely on a corporate website, Google Analytics/AdWords for SEO and paid acquisition, and direct institutional outreach. Construction financing is sourced from debt capital markets (e.g., $82.3 million construction loan from Bank OZK for Edgewater 27 in December 2025).

Name

Trilogy Real Estate Group

Legal name

Trilogy Real Estate Group

Website

https://trilogyreg.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

Trilogy Real Estate Group is a privately held, vertically integrated multifamily real estate investment, development, and management firm operating approximately 20 assets across 14 cities and 8 U.S. states, primarily in the Midwest and Florida, serving institutional investors, fund LPs, and 1031/DST investors.

Ownership category

akta.pro rank

Product category

Multifamily Real Estate

NAICS

Rental and Leasing Services (532), Residential Property Managers (531311), Real Estate Property Managers (53131), Lessors of Real Estate (5311)

SIC

Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519), Real Estate (6500)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

Keywords

• Multifamily real estate
• Property development
• Real estate investment
• Property management
• Vertical integration

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Multifamily Rental Operations: Trilogy acquires, develops, and manages multifamily residential properties generating recurring rental income from tenants. The company maintains complete vertical integration enabling them to buy or build and manage their own communities.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Trilogy Real Estate Group acquires, develops, and manages multifamily residential apartment communities across the United States. Operating with complete vertical integration from acquisition through development and ongoing property management, the company owns and operates approximately 20 assets in 14 cities across 8 states, with over $5.5 billion in cumulative real estate transaction volume. It serves institutional investors, fund investors, and 1031/DST investors while providing rental housing to residents.

Product overview

Trilogy Real Estate Group is a multi-award-winning real estate investment, development, and management firm. The company's product portfolio consists of multifamily residential apartment properties across 14 cities in the U.S., primarily in the Midwest and Florida. The portfolio includes diverse property types ranging from garden-style communities to high-rise mixed-use developments, varying from 115 to 375+ units. Properties feature resort-style amenities including pools, fitness centers, coworking spaces, dog parks, and luxury finishes. Trilogy operates with complete vertical integration covering acquisition, development, and property management, with over $5.5 billion in real estate transaction volume. The company also maintains strategic partnerships with major industry players like Greystar for enhanced property management operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Azalea Apartments A 289-unit luxury apartment community located at 8240 Causeway Boulevard in East Tampa, FL, offering upgraded finishes and first-class amenities with access to Causeway Blvd and I-75. Targeted at multifamily residents seeking Class A rental housing.
• Velo Village A 265-unit luxury apartment community in Franklin, WI featuring flexible lease terms, a turquoise pool, landscaped courtyards, fitness center, dog park, and bike storage, with proximity to Oak Leaf Trail. Targeted at multifamily residents.
• The Bohen A 7-story, 143-unit mixed-use apartment building under construction in the Uptown neighborhood of Minneapolis, MN, with pool, outdoor living room, bike lounge, work-from-home suites, speakeasy, fitness center, and game room. Targeted at multifamily residents in the Uptown area.
• The Westlyn A 153-unit, 4-story apartment building completed in Spring 2022 in West St. Paul, MN, with top-floor terrace, game room, fitness center, movie theatre, coworking lounges, and pool. Targeted at multifamily residents near St. Paul.
• Optima Old Orchard Woods A 646-unit condominium tower with 183 high-end rental units in Skokie, IL, located near Harms Woods and Old Orchard Woods with access to Edens Expressway. Features resort-style indoor pool, spa, fitness center, tennis court, and courtyard with reflecting pool.
• The Lucia An eight-story, 275-unit apartment building in Dania Beach, FL near Seminole Hard Rock Hotel and Casino, the first phase of a larger mixed-use development. Features pool, clubhouse, fitness center, outdoor kitchens, and work-from-home suites.
• Valrico A 325-unit garden-style community under construction in Valrico, FL, situated on 13 acres with six apartment buildings and a centralized clubhouse. Features resort-style pool, bocce ball, shuffleboard, sand volleyball, golf simulator, and fitness studio.
• Park 205 A 115-unit luxury apartment community in the Park Ridge suburb of Chicago, IL, located adjacent to Whole Foods near downtown Park Ridge. Features one-, two-, and three-bedroom apartments with first-class community amenities.
• The Lodge at Overland A 237-unit apartment complex on 32 wooded acres in Rochester, MN, minutes from downtown Rochester and the Mayo Clinic. Offers one-, two-, and three-bedroom floorplans plus townhome units with attached garages, plus pool, dog park, pickleball court, fitness center, and golf simulator.
• Residences at the Streets of St. Charles A 309-unit Class A rental building within the Streets of St. Charles mixed-use development in St. Charles, MO, featuring retail, dining, and entertainment. Features infinity pool, fitness center, tanning bed, clubhouse, game room, and attached garage parking.
• The Aurilla A four-story, 171-unit apartment building in Cottage Grove, MN, with easy access to downtown St. Paul. Features underground parking garage, swimming pool, pet spa, club room, work-from-home options, fitness studio, and theater room.
• Parkway Apartments A 375-unit apartment community in Eden Prairie, MN with one-, two-, and three-bedroom units located near Mall of America. Features media/game room, business lounge, fitness center, basketball court, dog park, and poolside fire pit.
• The View on Collins A 289-unit luxury apartment community newly constructed in 2021 in Lansing, MI, located 10 minutes from downtown East Lansing and Michigan State University. Features heated saltwater pool, sundeck, dog park, granite countertops, and stainless steel appliances.
• Reflection Cove A 194-unit apartment community in St. Louis, MO, with easy access to I-270 and Highway 141. Amenities include swimming pool and sauna, tanning bed, putting green, covered parking, 24-hour fitness center, dog park, clubhouse, and business center.
• The Hallon (Phase II) A 250-unit mixed-use apartment building under construction in Hopkins, MN, adjacent to the future Blake Road light rail station, with wellness-themed amenities including coworking lounge, coffee bar, fitness center with yoga studio, lap pool, spa, and outdoor fitness deck.
• Edgewater 27 A 247-unit multifamily tower under construction in Miami's Edgewater neighborhood, including amenities such as a pool and coworking space. Targeted at multifamily residents in the Miami market.

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• GreystarcoreStrategic or Co-development Partner · 25 March 2025Greystar, the nation's largest multifamily owner and manager, formed a strategic partnership with Trilogy Real Estate Group aimed at enhancing Trilogy's property management operations while expanding Greystar's presence in the Midwest region. The collaboration provides Trilogy with access to Greystar's resources, scale, and operational expertise to improve resident experience and property performance.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Bozzuto Group: Privately held real estate firm involved in multifamily development, construction, and management across the U.S. Comparable in integrated model and focus on high-quality residential communities.
• Wood Partners: National multifamily developer and owner focused on Class A apartment communities across high-growth U.S. markets. Comparable to Trilogy in acquisition/development/ownership of institutional-quality multifamily product.
• LMC (Lennar Multifamily Communities): Multifamily investment, development, and management arm of Lennar. Highly comparable vertical-integration model targeting Class A rental communities in high-growth U.S. metros.
• FPA Multifamily: Multifamily investment manager focused on acquiring, developing, and operating Class A and B apartment communities across the U.S. Similar investment/development/management profile to Trilogy.
• Greystar Real Estate Partners: The largest U.S. multifamily owner, operator, and developer. Directly comparable to Trilogy as a vertically integrated multifamily investment and management platform, and an explicit strategic partner of Trilogy's.
• Berkshire Residential Investments: Privately held multifamily investment manager operating a vertically integrated platform spanning acquisitions, asset management, and redevelopment. Comparable mid-sized private operator to Trilogy.

Broad incumbents

• Camden Property Trust: Multifamily REIT (NYSE: CPT) that owns, develops, acquires, and manages apartment communities across the Sun Belt and select other markets. Comparable multifamily owner/operator in overlapping geographies.
• AvalonBay Communities: S&P 500 multifamily REIT (NYSE: AVB) developing, acquiring, and managing high-quality apartment communities in high-barrier-to-entry U.S. markets. Comparable asset class and geographic focus.
• Mid-America Apartment Communities (MAA): Large-cap multifamily REIT (NYSE: MAA) focused on garden-style apartment communities across the U.S. Sun Belt. Provides a publicly traded benchmark for the asset class in which Trilogy operates.
• Equity Residential: S&P 500 multifamily REIT (NYSE: EQR) focused on high-quality apartment properties in urban and high-density U.S. markets. Comparable institutional multifamily owner/operator with vertically integrated operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/trilogy-real-estate-group

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Trilogy Real Estate Group