Trilogy Investment Company, a fully integrated residential development and investment firm, has closed on REV3 at Garner Lake, a 109-unit build-to-rent (BTR) community in Lakeland, Tennessee. The transaction represents Trilogy’s first entry into the greater Memphis market, and third BTR closing in 2026, as it continues to expand its REV3 BTR platform across high-growth Southeast markets.

REV3 at Garner Lake, formerly known as Willows Townhomes, is located at 9942 Lake Geneva Street within The Lake District, a 160-acre master-planned redevelopment of the former Belz Factory Outlet Mall. Anchored by the 10-acre Garner Lake, the broader redevelopment is planned to include retail, grocery, dining, and expansive green space, positioning the area as a focal point for new residential growth in Lakeland.

“This closing represents an important milestone for Trilogy as we enter the Memphis submarket and launch our first JV partnership with Builders Capital,” said Jason Joseph, CEO and Managing Partner of Trilogy Investment Company. “Garner Lake is emerging as a mixed-use community with a strong sense of place, and we see meaningful long-term potential in its continued evolution. This project allows us to deliver high-quality rental homes in a neighborhood that is clearly gaining momentum.”

REV3 at Garner Lake will consist of three- and four-bedroom single-family rental homes ranging from approximately 1,657 to 1,866 square feet. Each home will feature open layouts, modern interiors, and attached garages, offering the space and comfort of a single-family residence with the flexibility of renting.

Builders Capital also provided financing for the development, supporting Trilogy’s execution of the project. The firm has extensive experience financing residential communities nationwide, including build-to-rent developments in growth markets across the country.

Construction is expected to begin in February 2026, with the first deliveries expected in Q4 2026.

For more information, please visit www.trilogyic.com.