Trilogy Investment Company, a leading national provider of Build-To-Rent housing communities, has created a strategic joint venture partnership with Cimbra Partners LLC (through its subsidiary Cimbra Investors Encanto, LLC) and has closed on seven (7) acres of land at the corner of Encanto Blvd. and N. Avondale Blvd. in Avondale, AZ.
The 84-unit townhome community called Encanto Villas, a Reve Community, will include three-bedroom, 2.5-bath townhomes with a garage, flex 3rd bedroom/office, 9-foot ceilings, full stainless steel appliance package, granite countertops, etc. Situated directly across from state-of-the-art West Point High School and in close proximity to all that Avondale has to offer, residents will enjoy a true homeowner experience with the privacy and security of a gated, townhome community. The neighborhood boasts boutique amenities with a dog park, clubhouse with a pool, grilling stations, and more amenities that will facilitate an active and social community. The best-in-class property management team will also organize and facilitate guest events to build community for our residents, which is our ultimate mission for each neighborhood we develop.
“The City of Avondale is a strategic priority for Trilogy with strong job and wage growth, industry fundamentals, and tremendously high barriers to entry within the booming Phoenix market,” said Jason Joseph, Managing Partner and Chief Executive Officer of Trilogy Investment Company. “Encanto Villas is the first of three (3) purpose-built communities our team is excited to deliver to the City of Avondale.”
“We continue to see attractive Build-To-Rent investment opportunities across the Phoenix MSA, including in the City of Avondale,” said César J. Rodríguez, Managing Partner for Cimbra Partners. “The growth in this sector is being propelled by shifting demographics, increasing concerns around housing attainability and financial flexibility. Our partnership with Trilogy is critical to our investor confidence with their knowledge and expertise in this new burgeoning asset class.”
Led by a team of investment, development, and construction professionals, Trilogy Investment Company provides Build-To-Rent homes for Americans seeking the stability and social benefits of home ownership but rent by choice or have been priced out of the competitive housing market. Located in desirable neighborhoods in proximity to good schools and major economic drivers, these Build-To-Rent communities offer luxurious finishes and coveted amenities for like-minded families and young professionals desiring rental opportunities beyond traditional apartments. Created with targeted demographics in mind, these communities offer the flexibility of rentals with the stability, privacy, and social benefits of homeownership.
The team’s Build-To-Rent speed to market offers a competitive advantage over traditional multi-family construction in the form of intentionality. Their communities offer stability to people who want to surround themselves with social infrastructure and others in the permanent workforce but do not want the obligations of home ownership.
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