December 10, 2015

Candlebrook Adds Dormitories With $230 Million Purchase


“We determined that the time was opportune to harvest profits,” Alie Hrabe, a spokeswoman for the company, said in an e-mail. “Trinitas remains extremely bullish on the student-housing sector, and we expect that additional capital from the portfolio sale to Candlebrook will be reinvested into Trinitas’s future student-housing development projects.”