Trilogy Investment Company, a vertically integrated residential development and investment firm, has closed a construction loan for REV3 at The Celeste, a 172-unit build-to-rent townhome community in Huntsville, Alabama. The financing marks another milestone for the development as vertical construction officially begins following completion of sitework earlier this year.
REV3 at The Celeste is the second community within Trilogy Investment Company's build-to-rent opportunity zone fund with
Pinnacle Partners, which is focused on delivering rental housing across high-growth Sun Belt markets.
"Huntsville continues to distinguish itself as one of the Southeast's strongest long-term growth markets, supported by sustained job creation, population growth, and economic investment," said Jason Joseph, CEO and Managing Partner of Trilogy Investment Company. "Closing this construction loan and beginning vertical construction moves REV3 at The Celeste into its next phase of development and reflects our continued commitment to delivering thoughtfully designed rental communities in markets where housing demand remains strong."
"We value our partnership with Trilogy Investment Company and the complementary strengths each team brings to REV3 at The Celeste," said Leo Backer, Co-Founder and Managing Partner of Pinnacle Partners. "Together, we share a long-term approach to investing in high-growth markets and delivering quality rental housing that responds to sustained demand. The Celeste represents another important step in that partnership."
Huntsville remains one of the fastest-growing metropolitan areas in the Southeast, driven by continued expansion across the aerospace, defense, manufacturing, and technology sectors. Major employers including Redstone Arsenal, NASA's Marshall Space Flight Center, and Cummings Research Park continue to attract new residents and reinforce long-term demand for housing throughout the region.
Located on Plummer Road in North Huntsville, REV3 at The Celeste will feature 172 three-bedroom townhomes with open-concept floor plans, modern interiors, and attached garages, offering the space and functionality of single-family living with the flexibility of renting. Planned community amenities include a resort-style pool, clubhouse, fitness center, and outdoor gathering spaces.
REV3 Homes, part of Trilogy Investment Company, will serve as the builder for the community, bringing more than 125 years of combined residential construction experience. The project reflects Trilogy's continued investment in build-to-rent communities designed to meet evolving housing demand across high-growth markets.
The community offers convenient access to Highway 255, Interstate 565, Redstone Arsenal, Cummings Research Park, and downtown Huntsville. Residents will also be near retail and dining destinations, as well as regional attractions including the Huntsville Botanical Garden and the U.S. Space & Rocket Center.
Initial home deliveries are anticipated in early 2027.