COLUMBUS, OH – Trilogy Real Estate Group, a Chicago-based real estate investment, property management and development company, announced the acquisition of The Mirada, a 256-unit apartment building in the Columbus suburb of Lewis Center, Ohio.
"Trilogy seeks to identify and aggressively pursue attractive investment opportunities for our customers. The Mirada is an exceptional example of this thesis," said Neil Gehani, Founder and Chief Executive Officer of Trilogy. "We believe this premier Class A residential community in a dynamic suburb of Columbus, Ohio will perform well for our investors in the short and long term."
The Mirada was built in 2018 and comprises 224,635 square meters of space with one, two and three bedroom units as well as studio apartments. The community is located on 9 hectares of land and was 95% rented when it was purchased. It has several communal facilities including an outdoor heated pool, BBQ area, sand volleyball court, club room, play area, fitness center and separate gym. Well-appointed units have vinyl plank floors, granite countertops, tile backsplashes, and stainless steel appliances.
Located in the highly rated Olentangy School District just two miles north of Interstate 270, the Mirada provides residents with prime access to downtown Columbus and suburban employment centers. Major employers in the community area include JPMorgan Chase & Co., Honda, Nationwide, Amazon, and Anheuser-Busch.
Trilogy Real Estate Group has sponsored seven funds for private investment and qualified opportunity zones. Since 2002, Trilogy's clients have successfully invested in over $ 1.7 billion in real estate, including 27 apartment buildings in 12 states across the country.
Source: Trilogy Real Estate Group