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WEBINAR RECAP: Build-to-Rent (BTR) Market Updates & Year-End Planning with OZs

Posted on December 7, 2025 by Blake Backer

Pinnacle Partners and Trilogy Investment Co. hosted a timely discussion on how Build-to-Rent (BTR) projects and the continued strength of Opportunity Zone (OZ) tax incentives are aligning to create compelling, risk-adjusted return potential for investors.

CATCH THE FULL WEBINAR REPLAY HERE

If you missed our live webinar, here are the key highlights to note: 

  • Jeff Feinstein, our Managing Partner, highlighted that OZ “1.0” remains fully intact and permanent, offering powerful benefits including tax deferral, bonus depreciation without recapture, and tax-free appreciation after a 10-year hold. With a single-promote structure, the Pinnacle | Trilogy BTR OZ Fund delivers institutional-quality projects while directing more value back to investors. (3:22)

  • Jason Joseph, CEO & Managing Partner of Trilogy was joined by David Beare, EVP of Investments & Structured Credit and Austin Lee, Vice President of Investments & Principal, in which they outlined why BTR continues to outperform nearly all major housing sectors.

    BTR as an asset class benefits from 10–25% rent premiums, three-year average leases, lower turnover costs, and strong demographic momentum as renters delay homeownership due to affordability. Despite significant institutional capital flowing into BTR, the sector remains vastly undersupplied, with only 71,000 BTR units delivered last year versus more than 400,000 multifamily units. (10:50)

  • Pinnacle | Trilogy BTR OZ Fund’s three projects located in Decatur (near Atlanta), Augusta, and Huntsville, AL target fast-growing Southeast markets with strong job drivers and severe housing shortages.

    Decatur benefits from access to Emory, the CDC, and Atlanta’s fintech corridor; Augusta is anchored by Fort Eisenhower, home to the consolidated U.S. Army Cyber Command; and Huntsville, AL (“Rocket City”) continues to expand as a national hub for aerospace, defense, and technology employment. Trilogy has already secured entitlements for all three sites, with horizontal development completed or underway, significantly reducing project-level risk. (24:20)


A key theme was clear: timing. Rapid interest-rate hikes have crushed new housing starts nationwide, setting up a major supply trough beginning in 2026–2027, precisely when these BTR communities will deliver. 

With demand surging and supply tightening, Pinnacle and Trilogy believe this combination of OZ tax advantages, BTR fundamentals, and market timing creates one of the strongest after-tax return opportunities available for investors entering 2026 and beyond.


Schedule a call with our team today to learn more about how you can get started. 



Past performance of Pinnacle Partners OZ Funds is not indicative of future results. There can be no assurance that the fund’s objectives will be achieved or that cash distributions will, in fact, be made or, if made, whether those distributions will be made when or in the amount anticipated or that certain tax benefits will be available to investors. An investment in the fund is illiquid, speculative, and will involve significant risks. It is only offered to suitable and qualified investors. Full details about the fund and its associated risks can be found in the fund offering documents. 

Nothing in this blog post should be construed as tax advice.  Please confer with your tax adviser to determine if an investment in an OZ fund is right for you.