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Florida & Gulf Coast  + Gulf Coast  + Apartments  |  July 24, 2026
The Albion
Mike Boyd
By: Mike Boyd

Trilogy Receives $64M Construction Loan for Tampa-Area Apartments

Trilogy Real Estate Group has received a $64 million construction loan for the development of The Albion, a 325-unit apartment community being built in Valrico, Fla. The project, located 14 miles east of downtown Tampa, is slated for delivery in the fourth quarter of 2028.

Multihousing News reports the financing is in the form of a three-year, floating-rate loan provided by QuadReal Property Group.

The Albion will be located at 104 South Mulrennan Road.  The community will feature six mid-rise buildings on 13 acres. The community will offer a mix of one-, two- and three-bedroom units averaging 919 square feet. Planned amenities include a pool, a golf simulator, a speakeasy-style lounge and a fitness center. There will be coworking spaces, a pet park and spa, as well as bocce ball and sand volleyball courts.

The JLL Capital Markets Debt Advisory team representing the borrower was led by Matthew Lawton, Jesse Wright, Kenny Cutler, JJ Hovenden and Miguel Pedersen.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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