Build-to-rent community under development in Myrtle Beach

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Trilogy Investment Co. is partnering with Infinity Capital Partners on a 122-unit build-to-rent community in Myrtle Beach.

Called Rêve Park Ridge, the development includes one-, two- and three-bedroom townhomes with one car garages in the two- and three-bedroom units. All units include finishes that include stainless steel appliances, full-size washers and dryers, and smart-home technology throughout. Ameities include a fitness center and family-friendly swimming pool.  

“The Myrtle Beach area has seen skyrocketing home ownership costs coupled with limited supply continue to price prospective home buyers out of the market,” Jason Joseph, managing partner and CEO at Trilogy Investment Co., said in a news release. “Park Ridge appeals to Myrtle Beach’s rapidly expanding millennial and boomer demographic base, who desire conveniences of single-family living without the burdens and increasing financing costs of ownership.” 

The property is located in one of the nation’s fastest growing cities, boasting a 32% population growth since 2011. Park Ridge is located to some of the area’s top retail and entertainment, including the 162-acre North Myrtle Beach Sports Complex and the East Coast’s largest wake park, the news release stated. The neighborhood is also adjacent to a 2.5-mile trail called the North Myrtle Beach Nature Trail. 

“After many years of searching for not only the right project, but the right team to partner with, we have entered the BTR marketplace,” Greg Jones, partner and chief investment officer at Infinity Capital Partners, said in the release. “Trilogy is a true best-in-class developer. We are excited to get started on the Rêve Park Ridge project, and we see this as the first of many deals with Trilogy.” 

Park Ridge is now leasing, with completion of all units through 2024.