June 23, 2014

Lafayette Entrepreneur Named to NFIB Leadership Council

Lafayette, IN (June 23, 2014) – The National Federation of Independent Business, Indiana’s leading small-business association, has named Loren King to its state Leadership Council.  King is the Chief Executive Officer of Trinitas Ventures, a student housing company that finances, develops, constructs and manages high quality student housing communities at major universities throughout the United States.  As a member of the NFIB/Indiana Leadership Council, King will assist in developing the association’s statewide agenda and building strategies to support small business throughout the state. Council members are nominated by either NFIB’s state director or current members and elected by the council. “I am honored to serve on the NFIB’s Indiana Leadership Council,” said King.  “I look forward to working with the other council members to ensure that the small business community in Indiana continues to grow and prosper.” Loren is a graduate of the Indiana University School of Law and earned a loren_kingMaster of Business Administration degree from the Indiana University Kelley School of Business, with a concentration in New Venture and Real Estate Finance. He also earned a Bachelor of Arts degree in Economics from DePauw University.  Prior to completing his law degree and Master of Business Administration degree, Loren worked in the international corporate affairs office of a multinational Fortune 500 company. He is a former member of the Board of Directors for the Indiana Apartment Association as well as a member of the Indiana and Illinois bar associations, his local chamber of commerce, and local, state and national apartment associations. 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 over $400 million in student housing assets consisting of more than 5,600 student housing beds.  Trinitas has financed more than $80 million in student housing through Q4 2013, is currently developing over $100 million in student housing assets consisting of over 1,200 beds for Fall 2014 completion.  The privately held real estate development company is headquartered in Lafayette, Indiana.  Learn more about Trinitas at www.trinitas-ventures.com.

May 5, 2014

Trinitas Recognized as a Top Owner and Manager of Student Housing

Lafayette, IN (February 1, 2014) – Trinitas Ventures, a premier owner, developer, and manager of high quality student housing, was named one of the top owners within the student housing industry for another consecutive year. According to the November/December edition of Student Housing Business, the leading news and information magazine for the industry, Trinitas was awarded this honor along with other national leaders in the student housing industry.

Unknown“We are honored to be recognized in Student Housing Business’ ranking of the industry’s Top 25 Owners of Student Housing,” said Loren King, Chief Operating Officer of Trinitas. “Our team includes accomplished commercial real estate and student housing professionals who are experts in this highly specialized industry. Trinitas’ position at the forefront of student housing is directly tied to their commitment to excellence and business integrity.”

In fall 2013, the publication conducted surveys with industry leaders in order to garner critical market data necessary to develop the rankings. The magazine used the number of beds as a benchmark to determine the largest owners. Trinitas Ventures earned a top ranking within the top twenty-five owners as well as the top twenty-five managers.

Trinitas Ventures 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 nearly one half billion dollars in student housing assets consisting of more than 6,200 student housing beds. The privately held real estate development company has financed more than $80 million in student housing through Q4 2013 and is currently developing over $100 million in student housing assets consisting of over 1,200 beds for Fall 2014 completion. Trinitas is headquartered in Lafayette, Indiana. Learn more about Trinitas at www.trinitas-ventures.com.

 

October 15, 2013

Trinitas Appoints New Directors to Corporate Leasing and Marketing Team

Lafayette, IN (October 15, 2013) – Trinitas Ventures, a premier developer, owner and manager of high-quality student housing, today announced the appointment of Alie Hrabe to Director, Portfolio Marketing and Gretta Dare to Director, Portfolio Leasing.

UnknownAlie comes to Trinitas with over fifteen years of experience in commercial real estate marketing. In her role, Alie will implement and oversee all marketing communication programming including the company’s corporate identity. Alie will also be responsible for developing, implementing and overseeing the comprehensive marketing plans and budgets for all student housing properties on an annual basis. Before joining Trinitas, Alie served as Director of Field Marketing for General Growth Properties, Inc., the second largest public retail REIT in the United States that owns, manages and develops super-regional shopping centers. She was responsible for over twelve million square-feet of retail space at sixteen Midwest properties with a combined, annual NOI of $150 million. Alie earned numerous shopping center industry awards as well as her Certified Marketing Director (CMD) accreditation through the International Council of Shopping Centers.  She is a graduate of Creighton University and holds a Bachelor of Arts degree in English and Creative Writing.

Gretta joins the company with a wealth of experience in both student housing and conventional property management.  At Trinitas, Gretta will be responsible for the development, execution, and analysis of leasing programs for all student housing properties.  She will also directly oversee portfolio leasing operations including hiring, training and analyzing the performance of leasing associates and community assistants.  Prior to joining Trinitas, Gretta held both corporate and onsite positions at American Campus Communities, Core Realty Holdings Management, AIMCO and Equity Residential.

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 over $400 million in student housing assets consisting of more than 5,600 student housing beds.  Trinitas has financed more than $80 million in student housing through Q4 2013, is currently developing over $100 million in student housing assets consisting of over 1,200 beds for Fall 2014 completion.  The privately held real estate development company is headquartered in Lafayette, Indiana.  Learn more about Trinitas at www.trinitas-ventures.com.

August 9, 2013

Axiometrics, Trinitas Make a Deal on Student Housing Data

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.

p_1-400x4002“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.”

About Trinitas
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.

June 1, 2013

Trinitas Breaks Ground On New Student Housing Community in Chapel Hill, North Carolina


Lafayette, IN (June 1, 2013) – 
Trinitas, a premier developer, owner and manager of high quality commercial real estate, recently broke ground on an upscale student housing project located in Chapel Hill, North Carolina.  LUX at Central Park, a 194-unit, 608-bed property will feature a mix of one, two, three and four bedroom apartments within walking distance to the University of North Carolina at Chapel Hill.  It will be built to support Chapel Hill’s green initiative via an energy efficient building design, low impact lighting and energy efficient appliances in each unit.

050813TrinitasApts157cvttThe midrise luxury complex, anticipated to open in August 2014, will boast upscale amenities including a resort-style pool, outdoor fire pit and seating area, multipurpose sports court and a sand volleyball court. Student residents will have access to a 6,500 square-foot, all-inclusive club house which will feature a twenty-four hour fitness area, free tanning beds, gaming area and a study lounge equipped with Macs and PCs.  Nestled in a quiet grove surrounded by trees and walking trails, the property’s close proximity to campus will allow students convenient access to popular Franklin Street shopping and dining destinations while also providing a retreat to study and interact with friends.

“We’re excited to add this exceptional, eco-friendly student housing community to our portfolio,” said Loren King, Chief Executive Officer of Trinitas.  “LUX at Central Park gives us the opportunity to support the city of Chapel Hill’s goal of reducing carbon emissions by 60% in the year 2050 while also giving UNC students the opportunity to experience Trinitas student living, known for its top notch service and best-in-class amenities.”

About Trinitas

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 over $400 million in student housing assets consisting of more than 5,600 student housing beds.  Trinitas has financed more than $80 million in student housing through Q4 2013, is currently developing over $100 million in student housing assets consisting of over 1,200 beds for Fall 2014 completion.  The privately held real estate development company is headquartered in Lafayette, Indiana.  Learn more about Trinitas at www.trinitas-ventures.com.

January 22, 2013

Trinitas and Harrison Street Break Ground Near University of Kentucky

Lafayette, IN (January 22, 2013) – Trinitas Ventures LLC, a premier developer of student housing and mixed-use communities, recently began constructing a new urban infill redevelopment in Lexington, Kentucky. 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’ award-winning 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 square-foot clubhouse, pool, hot tub, basketball, bocce, as well as sand volleyball courts, fitness center, and sundeck.

24136-140Equity 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 stated, “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. They are professionals in every sense of the word and we look forward to growing the platform over future cycles.”

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, Chief Operating Officer of Trinitas stated, “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.”

About Trinitas
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 www.trinitas-ventures.com.

About Harrison Street Real Estate Capital, LLC
Harrison Street is a real estate private equity firm founded in 2005 that directly and through its affiliates, has approximately $4.5 billion in Assets Under Management (AUM) through commingled funds and public securities products. The commingled funds focus exclusively on the Education, Healthcare and Storage segments of the US real estate market. The firm currently owns approximately $4.0 billion in real estate assets including over 26,000 student housing beds, more than 6,000 senior housing/assisted living units, over 1.4 million square feet of medical office space, more than 72,000 self storage units, and over 4,600 dry & wet boat storage slips.  Additionally, Harrison Street Securities LLC currently manages over $500 million in REIT securities through distinct long only product offerings.  For more information visit www.harrisonst.com.

About KeyBank Real Estate Capital

KeyBank Real Estate Capital is a leading provider of commercial real estate finance. Its professionals, provide construction and interim finance, permanent mortgages, commercial real estate loan servicing, and cash management services for virtually all property types. As a Fannie Mae Delegated Underwriter and Servicer, Freddie Mac Program Plus Seller/Servicer and FHA approved mortgagee, KeyBank offers a variety of agency financing solutions for multi-family properties, including seniors housing and student housing. KeyBank Real Estate Capital is also one of the nation’s largest and highest-rated commercial mortgage servicers.

January 8, 2013

Trinitas and Harrison Street Complete The Collegiate Near Virginia Commonwealth University

Lafayette, IN (January 8, 2013) – Trinitas Ventures LLC, a premier developer of student housing and mixed-use communities, recently constructed a new, urban-infill student housing community located in Richmond, Virginia. The Collegiate, a 269-unit, 690-bed student housing property, serves students attending Virginia Commonwealth University (VCU) and opened this past August.

The Collegiate is located 1/2 mile north of VCU’s main Monroe Park Campus in the heart of Richmond’s downtown area. The student housing property integrates Trinitas’ award-winning large unit designs and townhouse-style apartment features with the convenience and atmosphere of urban living. It boasts a broad array of amenities including a 6,300 square feet clubhouse containing a recreation area, spa, and fitness center as well as courtyards including a basketball court, sand volleyball court, pool, and sundeck.

36100-copyEquity financing has been provided by a joint venture between Trinitas and Harrison Street Real Estate Capital (HSRE). The project represents the second infill development for the Trinitas/HSRE Capital partnership. Brian Thompson, Senior Vice President of HSRE stated, “This is the exact type of investment we anticipated when we partnered with Trinitas to provide student housing. This strategy of building out infill, higher-density sites is critical to our broader strategy within the education space.”

Construction financing has been provided by PNC Bank (PNC). This is the third construction loan in the last four years provided by PNC for Trinitas’ student housing developments. “We are excited to continue with our relationships with PNC and HSRE,” added Loren King, Chief Operating Officer of Trinitas. “Our successful history with both parties—including the financing of the successful 1201 Indiana project in Indianapolis, Indiana—is fuel for our growth as we seek to capitalize upon various opportunities in student housing markets nationwide.”

About Trinitas
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 www.trinitas-ventures.com.

About Harrison Street Real Estate Capital, LLC
Harrison Street is a real estate private equity firm founded in 2005 that directly and through its affiliates, has approximately $4.5 billion in Assets Under Management (AUM) through commingled funds and public securities products. The commingled funds focus exclusively on the Education, Healthcare and Storage segments of the US real estate market. The firm currently owns approximately $4.0 billion in real estate assets including over 26,000 student housing beds, more than 6,000 senior housing/assisted living units, over 1.4 million square feet of medical office space, more than 72,000 self storage units, and over 4,600 dry & wet boat storage slips.  Additionally, Harrison Street Securities LLC currently manages over $500 million in REIT securities through distinct long only product offerings.  For more information visit www.harrisonst.com.

About PNC
PNC Bank, NA is a member of the PNC Financial Services Group, Inc.  The PNC Financial Services Group, Inc. (www.pnc.com) is one of the nation’s largest diversified financial services organizations providing retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. Follow @PNCNews on Twitter for breaking news and announcements from PNC.

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