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 | Jul 31, 2019
Amenities war no more? Research report explores multifamily market
Multifamily developers show no signs of pulling back on specialty spaces and unique offerings in an effort to attract high-quality tenants, according to new research from Multifamily Design+Construction.
Multifamily Housing | Jul 31, 2019
100% affordable housing development features 62-units for low-income households
Magnusson Architecture + Planning is designing the project.
Multifamily Housing | Jul 24, 2019
Multifamily transformation: Historic mansion converted to short-term housing for homeless families
The 1885 Victorian home in Cambridge, Mass., gets a new, energy-efficient life as Renae's Place, short-term housing for homeless women and their children.
Multifamily Housing | Jul 23, 2019
Is prefab in your future?
The most important benefit of offsite construction, when done right, is reliability.
Multifamily Housing | Jul 17, 2019
What multifamily developers are saying about Ori Living's robotic interior system
This robotically controlled, space-saving furniture system can add more than 100 square feet of usable space to apartment units.
Multifamily Housing | Jul 17, 2019
Robotic interiors: How to make a studio apartment feel as big as a one-bedroom unit
Meet Ori Living's robotically controlled, space-saving furniture system.
Multifamily Housing | Jul 17, 2019
Cost of living: Apartment construction costs for 2019
Using RSMeans data from Gordian, here are the most recent construction costs for low-rise and mid-rise apartment buildings across 10 U.S. cities.
Multifamily Housing | Jul 15, 2019
Call for entries: Student housing roundup
We're looking for the best new "student housing" communities for our Fall Issue of Multifamily Design+Construction.
Multifamily Housing | Jul 15, 2019
7 new multifamily developments to track this summer
Ballpark living in Anaheim, Calif., and a water-friendly apartment complex in Seattle highlight the noteworthy multifamily developments to open in 2019.
Multifamily Housing | Jun 27, 2019
David Baker Architects wins 2019 HUD 'best in affordable housing' honor
The firm's Williams Terrace project is the first dedicated housing for Charleston, S.C.’s low-income seniors. It's one of four developments to win 2019 AIA/HUD housing awards.
