Trilogy Investment Company and Pinnacle Partners are expediting the construction of a market-driven housing solution in Charlotte, North Carolina with their second joint Opportunity Zone build-to-rent community project. The North Davidson (NoDa) project leverages the organizations’ best-in class development capabilities to deliver a variety of floor plans and community amenities that would otherwise be inaccessible to target demographics at current market costs.
Pulte Homes, who initially purchased the NoDa site from Trilogy, remains engaged as construction manager for this 68 home community which is scheduled for completion in phases between Q3 2023 through 2024. By mid-construction acquisition of NoDa from Pulte Homes, Trilogy and Pinnacle eliminate construction risk while capitalizing on exceptional tax advantages associated with Qualified Opportunity Zone projects compliance.
NoDa is part of an expanding portfolio within Pinnacle Partners’ Opportunity Zone Fund VIII; a collection of multi family projects located in key growth markets across the country.
