ATHENS, GA. — Trilogy Investment Co. (TIC) has acquired REV3 at Mill Creek, a townhome development project in Athens originally planned as a for-sale community. Trilogy will convert the property to rentals and complete the project by approximately November of this year. TIC has two additional for-sale-to-rental conversion deals expected to close in the next 90 days.
Each home will offer three bedrooms and two and a half or three bathrooms, with open-concept layouts, stainless steel appliances, smart home technology and attached garages. Amenities will include walking trails, open green space, a playground and pet-friendly areas. REV3 Homes, a division of TIC, will serve as the builder for the community.
“REV3 at Millcreek represents a turning point in housing delivery,” said Jason Joseph, TIC CEO and managing partner. “As homeownership becomes out of reach for many, converting existing developments into professionally managed rentals lets people enjoy the space, amenities and neighborhood feel of a home without the long-term burdens of ownership. This project not only meets current housing demand but offers a scalable model for the future.”