Trilogy, Pinnacle Partner for BTR Townhomes in Metro Atlanta
The property is targeting young professionals.
Trilogy Investment Co. and Pinnacle Partners, an opportunity zone fund manager, have broken ground on REV3 at Avondale East, a 46-unit townhome project located in Decatur, Ga.
Leasing at the development is slated to begin in June 2026, at about the same time when the first units are slated for delivery. REV3 Homes will serve as the builder for the community.
Each townhome will include three bedrooms and two-and-a-half bathrooms. The units are designed with open-concept layouts and feature stainless-steel appliances, smart home tech and attached garages.
Common-area amenities will include a dog park, pocket park, and a walking trail that winds around a pond.
Median household income in Decatur is roughly $140,400, about 1.5 times as much as the median in metro Atlanta and nearly double that of Georgia as a whole. The built-to-rent development is thus aimed at young professionals and families who need the space, but also the flexibility of renting, according to Pinnacle.
Multifamily and single-family rentals also continue to benefit from the increasing unaffordability of buying a single-family home in most markets, according to Orphe Divounguy, senior economist for Zillow at a recent National Association of Real Estate Editors’ conference. Typical mortgage down payments have more than doubled in 2022, thus renters are staying renters for longer, he noted.
BTR still in demand
A good many participants in the built-to-rent market are there because they want to be, not because they have to be, according to Walker & Dunlop’s 2025 Build to Rent outlook. These “discretionary renters” want properties that mimic homeownership without the long-term commitment of a mortgage.
READ ALSO: Stumbling Blocks to Ownership Still Boosting BTR
Other renters are driven to BTR properties by rising home prices, elevated mortgage rates, and increased taxes and insurance premiums. In most places, the cost of ownership comes at a significant premium to renting, Walker & Dunlop reports.
The BTR sector now includes single-family detached homes, townhomes, and horizontal apartments, notes Walker & Dunlop. That allows developers and investors to tailor their BTR strategy according to market preferences, site constraints and other factors.
