Trilogy Investment Company and Pinnacle Partners are delivering their second joint Opportunity Zone build-to-rent community project. The North Davidson (NoDa) project brings the organizations’ best-in-class development capabilities in a strong location to expedite construction of market-driven housing solutions. 

Targeting Opportunity Zone projects in Charlotte, Trilogy purchased the NoDa project from Pulte Homes in partnership with Pinnacle during construction. Pulte Homes remains engaged as the construction manager to deliver NoDa with a variety of floor plans and community amenities that would otherwise be inaccessible to target demographics at current market costs. Pulte Homes will complete construction of the 68-home community in phases from Q3 2023 through 2024.

Trilogy and Pinnacle’s mid-construction acquisition of NoDa eliminates construction risk while capitalizing on exceptional tax advantages for Qualified Opportunity Zone project compliance.

NoDa is the fourth project in Pinnacle Partners’ Opportunity Zone Fund VIII, a portfolio of multi-family projects in key growth markets.