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
Multifamily Housing | Dec 4, 2019
9 tips on creating places of respite and reflection
We talked to six veteran landscape architects about how to incorporate gardens and quiet spaces into multifamily communities.
| Nov 20, 2019
ClosetMaid to celebrate 55 years in business at the 2020 NAHB International Builders Show
Company to celebrate 55 years in storage and organization with a visit by celebrity guest Anthony Carrino.
Multifamily Housing | Nov 20, 2019
Over 400 micro units spread across two communities under development in Austin
Transwestern is developing the projects.
Multifamily Housing | Nov 14, 2019
U.S. multifamily market stays strong into 4th quarter 2019
October performance sets a record amid rising political pressure to cap rent growth, reports Yardi Matrix.
Multifamily Housing | Nov 8, 2019
The Peloton Wars, Part III - More alternatives for apartment building owners
ProForm Studio Bike Pro review.
Multifamily Housing | Nov 7, 2019
Multifamily construction market remains strong heading into 2020
Fewer than one in 10 AEC firms doing multifamily work reported a decrease in proposal activity in Q3 2019, according to a PSMJ report.
| Nov 6, 2019
Solomon Cordwell Buenz opens Seattle office, headed by Nolan Sit
National design firm brings residential high-rise expertise to the Pacific Northwest
| Nov 6, 2019
Passive House senior high-rise uses structural thermal breaks to insulate steel penetrations
Built to International Passive House standards, the Corona Senior Residence in Queens, N.Y., prevents thermal bridging between interior and exterior steel structures by insulating canopies and rooftop supports where they penetrate the building envelope.