Lafayette, IN (August 9, 2013) – Trinitas Ventures LLC, The ability of developers and investors to access accurate data on student housing communities may have taken a big leap forward. Student housing developer Trinitas Ventures and Axiometrics Inc., a Dallas-based research firm that tracks the US apartment market, have reached terms for Axiometrics to acquire Trinitas’ comprehensive student housing market research database. That data set includes information on about 130 student housing markets, more than 3,200 properties, 500,000 units and 1 million beds.
“We recognized that one of the major problems that plagued the student housing industry has been the lack of standardized reporting,” says Kelli Smith, student housing project manager for the Axiometrics. They first began tracking REIT-owned properties and eventually built an extensive catalogue of student housing data on over 200 university communities that helped provide standardized reporting and forecasting for the sector.
“Previously, companies were really left to do their research in-house,” she explains. “Now that we’re out there, they can rely on our much more comprehensive research.”
The Lafayette, IN-based Trinitas also wanted to develop the type of rental, sales and vacancy data more available to developers of office, industrial, multifamily and retail properties. “Anytime they wanted to determine the health of a market,” Smith says, “they’d send a person out to make a survey” and then incorporate the information into a proprietary database. “They’ve been doing this for quite awhile,” Smith adds, “and although I’m sure some of their data will overlap with our own, it’s still going to increase dramatically our ability to serve our clients.”
Trinitas finances, develops, constructs and manages student housing communities at major universities throughout the United States. They currently own and manage about $350 million in student housing assets consisting of more than 5,000 beds. Trinitas has also financed more than $80 million in student housing through the third quarter of 2013. They will complete over $100 million in student housing assets with over 1,400 beds by the fall of 2013.
“We have used our proprietary market research to find great development opportunities and also to avoid investments in markets that are revealed as unhealthy upon a deeper investigation,” explains Loren King, chief executive officer for Trinitas. “Now, what has been our strategic advantage will be available to Axiometrics’ clients.”
Trinitas is a fully integrated student housing company that finances, develops, constructs, and manages high quality student housing communities at major universities throughout the United States. Trinitas currently owns and manages approximately $350 million in student housing assets consisting of more than 5,000 student housing beds. Trinitas has financed $80 million in student housing through Q3 2012, and is currently developing more than $100 million in student housing assets consisting of 1,435 beds for Fall 2013 completion. The privately held real estate development company is headquartered in Lafayette, Indiana. Learn more about Trinitas at Trinitas Ventures LLC.