December 10, 2015

Candlebrook Adds Dormitories With $230 Million Purchase

Bloomberg

“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.”

http://www.bloomberg.com/news/articles/2014-11-05/candlebrook-adds-dormitories-with-230-million-purchase