Pinnacle Partners and Trilogy Investment Company are launching a Build-to-Rent (BTR) Opportunity Zone Fund, aiming to target three regions in the Sunbelt.
The goal is to build 462 townhomes, with the fund size reported at $60 million. They are set to be constructed in three BTR foster communities in Huntsville, Alabama (172), Augusta, Georgia (245), and Decatur, Georgia (45).
The two companies said in a statement that the areas are "underserved" and the fund intends to offer investors "substantial tax incentives."
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