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 23, 2015
Student housing developer broadens its reach into multifamily
Aspen Heights Partners evaluates seven metros for its initial projects.
Multifamily Housing | Dec 17, 2015
Developers respond to demand from tenants for ‘smart’ design
A number of green prerogatives are having a beneficial impact on multifamily design and construction.
Multifamily Housing | Dec 14, 2015
Study finds increase in cost-burdened renters
Harvard’s Joint Center for Housing Studies released its biennial rental housing report, and it found that 21.3 million renters spend 30% or more of income towards rent.
Multifamily Housing | Dec 10, 2015
Developer of Jean Nouvel-designed New York City condo complex sued
One resident says living in the curvy, glass 100 Eleventh Avenue building is like being in a wind tunnel.
Multifamily Housing | Dec 7, 2015
Are long-term apartment rentals Airbnb’s next target?
Some developers are thinking about that possibility, says one West Coast real estate consultant.
Smart Buildings | Dec 7, 2015
AIA Baltimore holds rowhouse redesign competition
Teams competed to provide the best social and environmental design solutions for the city’s existing rowhouse stock.
Multifamily Housing | Nov 19, 2015
Herzog & de Meuron designs curving NYC luxury apartments
The 160 Leroy building will have 49 luxury homes, along with a white concrete façade covered with large windows.
High-rise Construction | Nov 17, 2015
CTBUH awards '2015 Best Tall Building Worldwide' to Bosco Verticale
Designed by Italian architect Stefano Boeri, the building design was applauded for its “extraordinary implementation of vegetation at such scale and height."
Multifamily Housing | Nov 17, 2015
A new luxury high rise reflects a resurgent condo market in Miami Beach
GLASS is one of several residential buildings in the works in that city’s hot South of Fifth neighborhood.
Multifamily Housing | Nov 5, 2015
Architects propose residential tower in Singapore with gardens on every floor
Imagine a high-rise with lush greenery on every floor—that’s the design Ingehoven Architects and A61 propose for Marina One, a series of residential towers in Singapore.
