Trilogy Multifamily Opportunity Zone Fund is a $100 million Qualified Opportunity Zone fund developing institutional multifamily in designated Opportunity Zones, anchored by the Edgewater 27 high-rise in Miami's Edgewater submarket. Sponsored by Trilogy Real Estate Group - a vertically integrated multifamily developer and operator with more than $5.5 billion in lifetime volume and 14,000+ units, now allied with Greystar - the fund targets a 12-14% deal-level IRR and a 2.25-2.75x equity multiple over a 10-year hold, while delivering the Opportunity Zone tax benefits of capital-gains deferral and tax-free appreciation on the OZ investment when held at least ten years. The $100 million best-efforts offering carries a $100,000 minimum and is available to accredited investors.
Trilogy Multifamily Opportunity Zone Fund is a $100M Qualified Opportunity Zone fund developing institutional multifamily in designated Opportunity Zones - led by the Edgewater 27 high-rise in Miami's Edgewater submarket, with additional ground-up projects. 75x equity multiple over a 10-year hold, while delivering the Opportunity Zone tax benefits: deferral of reinvested capital gains and tax-free appreciation on the OZ investment when held at least 10 years.
| Lender | Asset-level financing (50-70% target leverage) |
| Total Debt | $-50 (Property-level (50-70% target)) |
| In-Place LTV | 50-70% (target) |
Full Opportunity Zone tax package: defer tax on reinvested capital gains and pay no federal tax on OZ appreciation after a 10-year hold.
Targets a 12-14% deal-level IRR and a 2.25-2.75x equity multiple over the fund term.
Ground-up multifamily development anchored by Edgewater 27 in Miami's high-growth Edgewater submarket.
Sponsored by Trilogy Real Estate Group: $5.5B+ lifetime volume, 14,000+ units, vertically integrated and allied with Greystar.
Conservative 50-70% target leverage; $100M best-efforts raise; $100,000 minimum investment.
Powerful OZ tax benefits (gain deferral plus tax-free exit after 10 years); experienced vertically integrated multifamily developer; new-construction product in supply-constrained Sunbelt markets; meaningful GP co-investment alignment.
Long, illiquid 10-year-plus hold; development and lease-up execution risk; appreciation-driven with limited current income during construction; best-efforts fund with GP discretion over assets and leverage.
The analysis below is Baker 1031's educational opinion — not investment, tax, or legal advice, a recommendation, or a guarantee, and it does not replace the offering's Private Placement Memorandum (PPM), which governs in all respects. Read the PPM and consult your own CPA and attorney before investing.
Best suited to investors with recent capital gains seeking long-term, tax-advantaged growth rather than current income - a different profile from a stabilized, income-now DST. Eligible gains must generally be reinvested within 180 days to capture the OZ benefits.
The analysis below is Baker 1031's educational opinion — not investment, tax, or legal advice, a recommendation, or a guarantee, and it does not replace the offering's Private Placement Memorandum (PPM), which governs in all respects. Read the PPM and consult your own CPA and attorney before investing.
Trilogy Real Estate Group
Trilogy Real Estate Group is a Chicago vertically integrated multifamily owner, developer and manager, founded in 2002, managing $2.6 billion as of early 2025 with more than $5.5 billion in lifetime volume and 14,000-plus units across the Midwest, East and Southwest. Its 2025 strategic partnership with Greystar—the world's largest apartment operator—materially enhances its operating and sourcing capabilities, and it sponsors both DST and QOZ offerings. The combination of vertical integration and the Greystar alliance positions Trilogy as a strengthening multifamily-focused sponsor.
Learn More About Trilogy Real Estate Group →Documents for this offering. Available to signed-in investors.
Securities offered through Aurora Securities, Inc. (CRD #46147 / SEC #8-51322), member FINRA / SIPC; Baker 1031 Investments, LLC is independent of Aurora Securities, Inc. and is not a registered broker-dealer or investment adviser. This is not an offer to sell or a solicitation of an offer to buy any security; any offer is made solely by the confidential private placement memorandum (PPM), which qualifies all information herein in its entirety. Delaware Statutory Trust interests are speculative, illiquid securities offered under Rule 506(c) of Regulation D and sold only to investors whose accredited-investor status has been verified; offering documents and subscription materials are provided only after that verification. They involve substantial risk, including possible loss of the entire investment.
Distributions, yields, the cap-rate equivalent, DSCR, occupancy, and benchmark figures are sponsor estimates or projections, are not guaranteed, and may differ materially from actual results. Any tax-adjusted yield assumes a 40% effective rate for non-1031 cash investors and is not tax advice. No tax, legal, or investment advice is provided — consult your own CPA and attorney. Past performance does not guarantee future results.