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 brings together the organizations’ best-in-class development capabilities to create affordable housing for target demographics at current market costs.
Trilogy purchased NoDa from Pulte Homes during construction, while Pulte remains engaged as the construction manager to deliver a variety of floor plans and community amenities. Construction is expected to be completed in phases from Q3 2023 through 2024 with 68 homes total being built.
The mid-construction acquisition eliminates any associated risk while taking advantage of tax advantages for Qualified Opportunity Zone compliance purposes. This is also fourth project included in Pinnacle Partners’ Opportunity Zone Fund VIII portfolio which consists of multiple multifamily projects located within key growth markets throughout the United States .
