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Alternative Assets  + Real Estate  |  March 25, 2025
Trilogy Fully Subscribes $58.5M Milwaukee Area Multifamily DST
Joe Palmisano
By: Joe Palmisano

Trilogy Fully Subscribes $58.5M Milwaukee Area Multifamily DST

Trilogy Real Estate Group has successfully raised $58.5 million through its fully subscribed Trilogy Franklin WI Multifamily DST. Combined with $43.1 million in debt financing, these funds facilitated the acquisition of Velo Village Apartments, a 265-unit, Class A luxury multifamily community located in Franklin, WI, a suburb of Milwaukee.

“The successful sellout of the DST reflects strong investor confidence in Trilogy’s track record and our commitment to expanding in key markets across the Midwest and Southeast,” said Matt Leiter, CCO of Trilogy Real Estate Group. “We look forward to identifying additional opportunities that align with our investment philosophy and deliver value to our investors.”

Trilogy Real Estate Group specializes in acquiring, developing, and managing properties throughout the Midwest and Southeast. The firm has launched over 16 investment offerings, including Delaware Statutory Trusts (DSTs) and qualified opportunity zone funds. Since 2002, Trilogy’s principals have collectively invested in real estate assets exceeding $5.5 billion in value.

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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