West Lafayette, IN (April 20, 2011) – Loren King, COO of Trinitas Ventures LLC, a fully integrated student housing company, was appointed Moderator for the discussion panel New Products and Development Trends in Student Housing for Student Business Housing’s 2011 Interface Student Housing Conference held in Austin, Texas. This national event is a conference and networking occasion that focuses on all facets of the student housing industry.
This distinguished panel was moderated by Loren King, COO and general counsel, of Trinitas, and featured: Les Juneau, President of Juneau Construction Co.; Brian Dinerstein, Principal of Dinerstein Cos.; Leah Fitzgerald, Business Development Manager for MW Builders; Susan Eastridge, CEO of Concord Eastridge; and Herbert Heiserman, Managing Principal of Street Sense.
According to the panel, during the past 30 years, more build-out activity has taken place on US college and university campuses than in the prior 100 years. Although the discussion focused on new product and development trends, it was made clear that the student housing market is still driven by fundamentals such as market demand. It was added that each student housing market differs in its entirety and requires extensive market research and planning to ensure the needs of all parties associated are met.
Panel members discussed the importance of incorporating student housing into a mixed-use product (more functionality than just student housing) with retail space. “By strategically planning the development project, all interested party needs including students, business, community and municipalities, can be addressed and met,” says King. “With strategic planning, functionality can meet innovation.”
Other discussion topics included the “musts” when developing student housing in a mixed-use project. “Students keep around-the-clock hours. This alone provides the need for 24/7 accessible services,” said King. The panel also highlighted the importance of providing students both wired and wireless internet and cable services.
Finally, the panel discussed that replacement housing is an up-and-coming trend for the future as schools have evaded this upgrade for years. Student housing developments built in the 1950s and 1960s that offered shared bedrooms and bathrooms are beginning to be refitted for today’s independent student.
About Trinitas Ventures LLC
Trinitas Ventures is a premier developer, owner and manager of high quality commercial real estate, specializing in student housing and mixed-use communities at high quality universities throughout the United States. Trinitas is a fully integrated real estate firm with expertise in market analysis and identification; site selection and acquisition; property acquisition and due diligence; project planning, design, and financing; and development, construction, property management, and leasing. The privately held real estate development company is headquartered in West Lafayette, Indiana. Learn more about Trinitas at www.trinitas-ventures.com.