Trinitas Ventures LLC, a developer of student housing and mixed-use communities, announced it recently began constructing a new urban infill redevelopment in Lexington, Ky. The Collegiate on Angliana, a 278-unit, 699-bed student housing property with an anticipated opening date of August 2013, will serve students attending the University of Kentucky (UK).
The Collegiate is located one mile northwest of UK's main campus and is a short walk to downtown Lexington and Rupp Arena. The student housing property integrates Trinitas' large unit designs and townhouse-style apartment features with the convenience and atmosphere of modern living. The student housing facility provides a number of amenities, including a 6,500-sf clubhouse, pool, hot tub, basketball, bocce, as well as sand volleyball courts, fitness center, and sundeck.
Equity financing has been provided by a joint venture between Trinitas and Harrison Street Real Estate Capital (HSRE). The project represents the fourth development for the Trinitas/HSRE Capital partnership. Brian Thompson, Senior Vice President at HSRE, said, "We are pleased to further expand our relationship with Trinitas. We have had tremendous success with Trinitas and we are excited to be investing with them in the dynamic UK market."
Construction financing has been provided by Key Bank. This is the first construction loan financed by Key Bank for Trinitas' student housing developments. Loren King, CEO of Trinitas, said, "We are excited to begin our relationship with Key Bank and continue our partnership with HSRE. By expanding our access to debt capital and combining it with our consistent, successful association with HSRE, we have positioned ourselves for success on present and future student-housing opportunities." +
Related Stories
Codes and Standards | Jul 16, 2015
Berkeley, Calif., adopts balcony inspection program following deadly collapse
Apartment building balconies will be subject to inspections every three years under new regulations adopted following a deadly collapse.
Multifamily Housing | Jul 9, 2015
Melbourne approves Beyoncé inspired skyscraper
The bootylicious tower is composed of 660 apartments and a 160-room hotel at the west end of Melbourne's business district.
Codes and Standards | Jul 8, 2015
California Supreme Court upholds affordable housing requirements
Court cites affordable housing crisis of ‘epic proportions.’
High-rise Construction | Jul 7, 2015
Bjarke Ingels designs Frankfurt skyscraper with a surprise in the middle
Several levels in the center of the 185-meter tower are shifted outward to allow for terraces with city views.
Multifamily Housing | Jul 1, 2015
Baby boomers—not Millennials—will drive demand for apartments long term, according to U.S. Fed study
The volatile U.S. multifamily housing market has returned to pre-recession investment levels, driven largely by Millennials putting off home-buying and settling for rentals, but in the long term it will be baby boomers that will drive the market as they downsize.
High-rise Construction | Jun 23, 2015
The world's best new skyscrapers for 2015
One World Trade Center and Abu Dhabi's Burj Mohammed Bin Rashid Tower are among the four towers named Best Tall Buildings by the Council on Tall Buildings and Urban Habitat.
Multifamily Housing | Jun 22, 2015
MAD Architects unveils first U.S. residential project, in Beverly Hills
The “hillside village” edifice will be covered in drought-tolerant vines and succulents.
High-rise Construction | Jun 15, 2015
Cornell Tech breaks ground on world's first Passive House residential high-rise
To achieve Passive House standards, Cornell Tech Residential will incorporate a number of sustainability-focused design elements. The façade, constructed of a prefabricated metal panel system, acts as a thermally insulated blanket wrapping the building structure.
Wood | Jun 2, 2015
Michael Green Architecture designs world's tallest wood building for Paris competition
“Just as Gustave Eiffel shattered our conception of what was possible a century and a half ago, this project can push the envelope of wood innovation with France in the forefront," said architect Michael Green of the project.
Multifamily Housing | Jun 1, 2015
Sacramento moves forward on multifamily project with new modular supplier
Guerdon Modular Buildings will provide modules for 118 apartments.