Trilogy Investment Company recently purchased Cedar Ridge, a 150-lot land development project in Lula, just outside of Gainesville. 

Trilogy made the transaction through its land development platform, Tierra Development, marking the firm’s entry into the Gainesville/Lula submarket in the greater Atlanta metro area. 

Cedar Ridge’s 150 single-family residential lots will be delivered to homebuilder Ryan Homes once developed. Separately, Harvest Capital said it closed on an $11.9 million acquisition and development loan related to the transaction. 

“Cedar Ridge marks a meaningful addition to our land development platform as we continue to grow our presence across the Southeast,” Trilogy Managing Partner and CEO Jason Joseph said. “Our entry into the Gainesville and Lula submarket reflects a disciplined approach to identifying well-positioned land opportunities and working alongside established builders to help meet ongoing housing demand in markets with strong fundamentals.” 

Lula and the surrounding Gainesville region have seen consistent population growth due to relative affordability, convenient access and proximity to major employment hubs, Trilogy said.