Trilogy Investment Company purchased the Smith Woods property in October 2021. Since then, it has transformed the site from raw land into fully developed, single-family lots ready for homebuilding. Courtesy of Trilogy Investment Company.
Trilogy Investment Company recently sold a 60-lot Winder subdivision, Smith Woods, to Lennar for $7.5 million.
Trilogy acquired the Smith Woods property in October 2021. Since then, it has transformed the site from raw land into fully developed, single-family lots ready for homebuilding.
Smith Woods is one of six Trilogy projects in the Atlanta metro area and one of nine in Georgia. Its sale follows 18 months of negotiations with Lennar and is part of a broader collaboration with the homebuilder, which Trilogy expects to acquire multiple developments.
“Smith Woods exemplifies our strategic approach to investments, offering flexibility and multiple avenues for investor returns and community development,” Trilogy CEO and Managing Partner Jason Joseph said in a press release. “While our primary focus remains on building high-quality, build-to-rent communities, the sale of finished lots to Lennar was an opportunity too beneficial to pass up, allowing us to de-risk the project and reallocate resources toward fulfilling the housing needs of the missing middle.”
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