2021

February 3, 2021

Ann Arbor spending $1.5M to add 3.8-acre wooded area to city park network

ANN ARBOR, MI — Ann Arbor is adding three more properties to the city’s park system. All three acquisitions, including one costing $1.5 million, went through City Council for approval this week.
That includes a 3.8-acre wooded area next to Mary Beth Doyle Park, a 0.6-acre property next to an Ann Arbor Housing Commission complex on the city’s west side and a nearly 10-acre property along M-14 behind a new development.

The largest of the three is being donated to the city by Trinitas Ventures, which is building a 682-bed apartment complex at 2601 Pontiac Trail, previously known as the Cottages at Barton Green and now called The One. The city plans to maintain the new parkland there as a natural area with public access.

Council voted 11-0 to purchase the small, tree-filled property along the Dexter Avenue entrance to the Housing Commission’s West Arbor affordable housing complex. That site is being sold to the city by St. Joseph Mercy Health System for $184,000, with council allocating another $27,500 for closing and due diligence costs.

“Staff anticipates maintaining this property as an active area that may include basketball courts,” a city memo states. “This property and associated improvements would offer amenities to the community that are unavailable at the nearby Veterans Memorial Park.”

There was some discussion and debate over spending $1.5 million to purchase the wooded area next to Mary Beth Doyle Park off Cardinal Avenue, where developer Bill Kinley’s plans for a 19-home development have been scrapped.

Given the city’s need to build more housing, particularly affordable housing, some council members questioned taking away that potential use of the property.

After some discussion with city staff about the ecological quality of the woods, council agreed to purchase the land from Kinley’s company in a 10-1 vote with only Ali Ramlawi, D-5th Ward, opposed.

Ramlawi questioned the costs. The city plans to maintain the property as a natural area. Counting existing adjacent parkland, it brings the total contiguous natural area there to over 85 acres.

The purchases were reviewed and recommended by the Land Acquisition Committee of the city’s Park Advisory Commission. The money is coming from the city’s open space and parkland preservation millage.

The city had about a $7 million balance in its parkland acquisition fund prior to council’s action this week. The city also had a $6.3 million balance in its greenbelt fund before council approved significant purchases to preserve hundreds of acres of farmland outside the city.

January 11, 2021

Trinitas Breaks Ground on Student Housing Near Indiana University

Lafayette, IN Trinitas Ventures, a premier owner, investor, developer and builder of student housing, multi-family and mixed-use communities announced today that it has closed on the property located at W 17th Street, Bloomington, IN serving the students and community of Indiana University (“IU”). The project will be comprised of houses, townhomes, and flats-style apartments and will be a short Bloomington Transit ride to shopping, dining, and IU’s campus.

The 825 bed, 334 unit community will feature a unit mix of one -, two-, three-, and four-bedroom apartments and boast a luxury amenity package including a modern clubhouse with ample study space and lounge area, resort-style pool and sundeck with year-round spa, outdoor grilling area and putting green, fitness center, and yoga studio. Also included will be a multipurpose path traversing throughout the site that will connect to the City’s newly enhanced W. 17th Street project and its accompanying network of pathways leading into the City and around the IU campus.

This beautiful project site consists of 39.29 acres with approximately 14.62 acres set aside as conservation area intended to protect large hardwood trees and existing environmental features. Trinitas has formed a partnership with Bloomington Transit for the creation of a dedicated bus line, free to its residents, that will operate 7-days per week, 360 days per year. This natural setting will offer residents ample space for safety and wellness and a connection to the outdoors all while still being close enough to stay involved in campus and the downtown area.

Additionally, Trinitas has partnered with the City of Bloomington to dedicate 45 single family lots to the city for the development of workforce housing.

Equity financing has been provided by a joint venture between Trinitas and Harrison Street – the eighteenth development and joint venture for the partnership. “We are thrilled to continue our strategic partnership with Harrison Street, allowing for this investment and unique development project in the Bloomington market”, stated Loren King, CEO of Trinitas. Construction financing has been provided by Fifth Third Bank and First Merchants Bank. “Fifth Third Bank is proud to partner with Trinitas to bring accessible student housing to the IU Campus. This dedicated space will further connect the students not only to the campus and city, but to the health and wellness opportunities this space provides,” shared Mike Ash, Regional President of Fifth Third Bank. The IU / Bloomington market continues to be a strong and highly sought-after investment market with consistent occupancy in the upper 90 percentile.

About Trinitas
Trinitas is an owner, investor, developer, builder and manager of university-centric commercial real estate at major universities throughout the US, specializing in student housing, multi-family and mixed-use development. Trinitas currently owns and is developing approximately $500 mm in student housing, multi-family and mixed-use assets, with an additional $1 billion in its development pipeline. The company is headquartered in Lafayette, Indiana with office in Indianapolis and Chicago. Learn more about Trinitas at www.trinitas.ventures.

About Harrison Street
Harrison Street is one of the leading investment management firms exclusively focused on alternative real assets. Since inception in 2005, the firm has created a series of differentiated investment solutions focused on demographic-driven, needs-based assets. The firm has invested across senior housing, student housing, healthcare delivery, life sciences and storage real estate as well as social and utility infrastructure. Headquartered in Chicago with an office in London, the firm has more than 185-employees and approximately $30 billion in assets under management. Clients of the firm include a global institutional investor base domiciled in North America, Europe and Asia. Harrison Street has been awarded Best Places to Work by Pensions & Investments for the last seven consecutive years and was named 2019 North American Alternatives Investor of the Year by PERE. For more information, please visit www.harrisonst.com.

About First Merchants Corporation
First Merchants Corporation is the largest financial services holding company located in Central Indiana. The corporation provides customers with broad financial services delivered locally by bankers who are known and trusted in their communities. First Merchants offer personal banking, business banking, mortgage lending, treasury management services, and wealth management.

About Fifth Third Bank
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of Sept. 30, 2020, Fifth Third had $202 billion in assets and operated 1,122 full-service banking centers and 2,414 ATMs with Fifth Third branding in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina. In total, Fifth Third provides its customers with access to approximately 52,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest and, as of Sept. 30, 2020, had $422 billion in assets under care, of which it managed $53 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the Nasdaq® Global Select Market under the symbol “FITB.” Fifth Third Bank was established in 1858. Deposit and Credit products are offered by Fifth Third Bank, National Association. Member FDIC.
 

2020

December 31, 2020

20 Projects that will shape the region

Even in the middle of a pandemic, developers and businesses remain bullish on the Greater Cincinnati region.

While a number of projects were put on hold in 2020, many others were announced to take their place. The Business Courier looked at 20 projects that will reshape the region, including five that will have the greatest impact in 2021. We selected these projects not just by size or dollar amount, but by the level of change they will bring to the region.

Three of the projects are within the city of Cincinnati. But there are a number of developments outside the region's largest city that are expected to create long-lasting impact.

Cincinnati Children's Hospital plans major College Hill expansion
Cincinnati Children's Hospital is making a $90 million move to improve mental and behavioral health services for children and teens in College Hill.

Construction on a 164,000-square-foot building at its facility at 5642 Hamilton Ave. is expected to begin by spring 2021. By the time the project wraps us in late 2023 or early 2024, Cincinnati Children's will be able to offer patients a larger suite of private rooms and more therapeutic spaces for target treatment.

The new building will include inpatient and outpatient services. All inpatient rooms will be private, said Dr. Joe Luria, vice president of mental health operations at Cincinnati Children's. Private rooms offer several advantages, including increased family visitation and appropriate participation in care. When a patient has a roommate, that's more difficult to do, Luria said. Private rooms also provide patients a place to process through their acute mental health crisis in addition to daily programming that occurs.

This is the third addition since the facility opened in 2002. Children's said the expansion will create new jobs, but it's still too soon to say how many. About 500 employees currently work at the College Hilll campus.

In February, Cincinnati Children's received its largest-ever donation from the Convalescent Hospital for Children, a local health care nonprofit, to cover a third of the project cost. Officials plan to raise another $30 million while operating revenues will cover the remainder.

Messer Construction has been hired as the project's general contractor. GBBN Architects will handle the design.

The District at Clifton Heights to reshape neighborhood near UC
One of the largest private investments in the city of Cincinnati will play a big role in reshaping the neighborhood next to the University of Cincinnati.

Trinitas Ventures and Crawford Hoying have formed a joint venture to develop the District at Clifton Heights. Along both sides of Straight Street just west of UC's Uptown campus, Trinitas and Crawford Hoying plan to build more than 850 student housing beds, over 150 hotel rooms, 170 senior housing units, up to 400 apartments, 30,000 square feet of commercial space and more than 600 new parking spaces. The total investment likely will be more than $420 million.

The project replaces the former Deaconess Hospital, which closed its emergency room nearly a decade ago. Trinitas purchased the former hospital and additional property in fall 2017, initially developing the Deacon, a student housing development with more than 1,000 beds.

When fully built out, the District could be home to about 3,200 residents. That's thousands of new customers for nearby bars and restaurants, grocery stores, and other businesses in the area.

The developers are now working on drafting a development agreement with the city of Cincinnati for public financing. They will then need to receive approval for the next phase from the City Planning Commission.

The goal is to begin construction on the next step by early summer 2021. The development team is expecting a full build-out of the site by the end of 2025.

Former Norwood industrial site to become mixed-use Factory 52
It was just over a year ago that PLK communities acquired the massive former U.S. Playing Card at 4590 Beech St. in Norwood and since then it has unveiled a final design and a name for the 21-acre site: Factory 52. Construction is expected to start in 2021, with the first apartments opening in later in the year.

"During the demolition, we were able to keep the clock tower, the original factory building, the original cafeteria, and the smokestack. These will all be incorporated into the new development," said Nick Lingenfelter, PLK's vice president of development.

Plans for the $100 million mixed-use development's first phase include 325 apartments, a brewery/taproom, parking garage, park space, a food innovation hub with up to 18 vendors, retail and amenities. The food hall is expected to help draw office tenants.

The new, contemporary buildings will include masonry and metal, an homage to the site's industrial history. An iconic clock tower will remain as its own standalone building and a central point in the development. It will have a viewing deck. The project's second and third phases will include two office buildings along the highway, an additional garage, and a 100,000-square-foot mixed-use building, with development coming two to three years from now.

U.S. Playing Card left the property in 2009 for Boone County, and the site has been vacant ever since.

MSA Design is the lead project architect, while HGC Construction is the construction manager.

Uptown Properties planning $50 million residential project in Mount Auburn
uptown Rental Properties is developing a $50 million residential complex called Bigelow on the southern tip of Mount Auburn.

"This project is a further recognition of the need to connect Uptown and downtown", said Dan Schimberg, president of Uptown Rental Properties. "We recognized years ago that you can't connect those two major employment centers without going through Mount Auburn. It's the key to that connectivity."

Uptown is building Bigelow on 3.5 acres on Bigelow Street just south of Dorchester Avenue, a few blocks from Christ Hospital. It's one of the highest sites in Hamilton County and sits on a hilltop that offers panoramic views.

"Imagine being on this hilltop and being able to look all the way from Mount Adams to Mount Airy", Schmiberg said.

The development, due to be finished in 2023, will feature 185 units. It sits atop a parking garage, with 272 parking spaces available. It will include a rooftop deck, pool, dog park, business center and storage facility.

It's part of a bigger $100 million investment Uptown Rental Properties has committed to make in the neighborhood.

"Mount Auburn is an exciting neighborhood and this development leverages the assets, like amazing views, that make the neighborhood so special," Schimberg said.

Nestle Purina pet food facility brings $550 million investment ti Clermont
Nestle Purina Petcare Co. wasted no times following its October announcements that it was constructing $550 million dry pet food facility on 193 acres in Clermont County. The company had broken ground within a month and construction is executed to ramp up in 2021 as the factory enters operation in 2023.

The Purina factory is expected to ramp up to a workforce of 300 by the year after it opens, but company officials say they expect to start hiring in 2022. Those jobs are expected to generate $12.5 million in new payroll, with an average hourly wage of $20.

The facility, which will take up 1.2 million square feet, 150,000 of which will be office space, is being built on land sold by the Clermont County CIC In., a group created to foster economic development for the region. The shovel-readiness of the site, how they were able to break ground so quickly, was part of why Purina chose it, REDI Cincinnati CEO Kimm Lauterbach said.

"Site availability is a crucial part of our five-year strategy for the region and Purina's investment will serve as a prime example as we look for other opportunities to prepare sites moving forward", she said.

15 more signature projects

Liberty & Elm: An $80 million mixed-use development planned at the intersection of Libertu and Elm streets in Over-the-Rhine. Kean Ventures and Buckingham Cos. plan to build 306 apartments, 15,000 square feet of commercial space, making it one of the largets private investments in the historic neighborhood. The developers are looking to start on the project early in 2021.
Sam Adams Brewery expansion: Boston Beer Co. is investing $85 million into expanding its brewery 1625 Central Parkway. Already under construction, the project will include two new canning lines and packaging equipment that will allow the brewer to quadruple production locally adding more than 100 jobs. the entire expansion is expected to be complete in mid-2021.
Court Street overhaul: The city of Cincinnati and 3CDC are working on major changes to court Street, aiming to provide more space for pedestrians, restaurants, activities and festivals. An $8.8 million widening of sidewalks and creation of a pedestrian promenade will be combined with 3CDC's $14 million Court Street South project, creating 30 residential units and 15,000 square feet of commercial space.
Ovation: With its music venue essentially complete, the next phases of this massive, mixed-use development in Newport are gearing up. The next pieces are a planned Homewood Suites hotel with rooftop bar and an office building. both of these will be built above the 550-car parking garage that was part of the indoor/outdoor concert venue. The levee retaining wall also is under construction, as Corporex looks to build a 2,500-space garage that will serve as the platform for additional development.
Whiskey River Apartments: A long-planned luxury apartment project from Flaherty & Collins Properties will add density to downtown Lawrenceburg. The project will add 150 high-end apartments to the banks of the Ohio River. Whiskey River is expected to bring new residents with strong disposable income to the Indiana city. The project is expected to create $25 million in economic impact. Construction started in October.
Montgomery Quarter: A $150 million mixed-use development in the heart of Montgomery, work is well underway on the first phase. Neyer Properties, Brandicorp and Casto are partnering to bring office, luxury apartments, high-end condos, restaurants and a boutique hotel to the site. Work on garages started in December and the roundabout that will lead into the project is expected to be complete in spring 2021.
Liberty Flats: Casto plans to build 356 apartments next to Liberty Center in Liberty Township. The developer is expected to break ground on the project in spring 2021. liberty Township officials have said the project is expected to bring new energy into the adjacent Liberty Center, a retail and residential mixed-use development that opened in 2015.
Gallery at Kenwood: Construction is well underway at Gallery at Kenwood, a $150 million mixed-use development across from Kenwood Towne Center. The 7-acre site will be home to 248 luxury apartments, a 130-room hotel and two first-floor restaurants. Capital Investments Group is behind this portion of the project, with Clous Roads Partners planning to develop a 130,000-square-foot office building as part of the project.
College Hill Station: Pennrose has started the redevelopment of 7.5 acres along Hamilton Avenue and North Bend Road in College Hill. The $30 million projects will include apartments, street-level retail space and about 3 acres designed to become 33 single-family homes. the development is expected to help increase walkability in the neighborhood and diversify housing options in this part of Cincinnati.
Tapestry Ridge: Arlingtion Properties plans to redevelop the 38-acre former Northern Kentucky University Covington campus into a 267-unit luxury apartment community. Construction has started on the project, which will offer unique views of Northern Kentucky and Cincinnati. the development is expected to wrap up in the second quarter of 2022.
Clocktower Apartments: Hills properties is working to bring the Residences at Clocktower, a 326-unit apartment community, to a piece of undeveloped land near West Chester township's the Square @ Union Center. Construction of the apartments is expected to take 24 to 27 months to complete, with the first residents moving in by mid-2022.
Three Oaks: A $200 million residential development that will include a mix of single-family homes, apartments and senior housing. Neyer Properties is the master developer for this project, which is replacing 30 acres of mostly vacant industrial buildings with an extension of the Oakley neighborhood. Demolition is complete and infrastructure is expected to start going in by March 2021. Construction of the apartments is expected to start in June, with single-family homes following in August.
Saica Group North American facility: Ground was broken in October on Saica Group's 350,000-square-foot plant in Hamilton. This $72 million investment marks the Spanish company's expansion into the U.S. market. Saica expects to create 64 jobs. The plant is expected to be complete in early 2022.
One Highland: A$20 million luxury condominium and commercial project in the heart of Fort Thomas. Greiwe Development Group and partners North American Properties and Sibcy Cline broke ground on the project early in 2020. The project includes 12,000 square feet of commercial space topped with 18 condos. Residences will be priced from $695,000 to $1.2 million. The grand opening is scheduled for fall 2021.
Vega Americas HQ: Construction started near the end of 2020 on Vega Americas Inc.'s 230,000-square-foot campus in Mason. There, the manufacturer of level and pressure measurement technology for the processing industry will relocate its Americas headquarters in Mason's Research & Development Park. The $50 million projects will include a business and training center, as well as advanced manufacturing and production facilities on 50 acres. The company will move 217 employees from Oakley to Mason, with plans to add 50 more over five years.

October 30, 2020

A $420 MILLION BET ON CINCINNATI

Loren King had given up finding a partner for his ambitious plan to remake the 5-acre former Deaconess Hospital property near the University of Cincinnati in Clifton Heights. For more than a year, King, CEO of Lafayette, Ind.-developer Trinitas Ventures, had talked with some of the nation’s best mixed-use developers to create a $420 million mixed-use development that would blend student housing, retail, apartments and a hotel. But King wasn’t able to find the right fit. He decided Trinitas would itself act as lead master developer of what would be known as the District at Clifton Heights. “We were only going to do it if we thought it would improve the execution and the overall quality of the project,” King said. Brent Crawford and his partner, Bob Hoying, have focused on projects where they have a chance to transform a market. The firm is known for its Bridge Park development in Dublin, a mixed-use development that will be a more than $700 million project when completed. It is playing a pivotal role in reactivating downtown Dayton with its Water Street District development. Crawford, principal and founder of Crawford Hoying, said they’ve looked at deals every year in Cincinnati for the past 10 years. “Either they weren’t large enough, maybe the partnership wasn’t right, the product type wasn’t right,” Crawford said. “We’ve been very patient waiting for the right opportunity.”

After hitting it off, Trinitas and Crawford Hoying now form a 50-50 joint venture as the master developers of the District at Clifton Heights. And this isn’t just any mixed-use project. Along both sides of Straight Street just west of UC’s Uptown campus, Trinitas and Crawford Hoying plan to build more than 850 student housing beds, over 150 hotel rooms, 170 senior housing units, and up to 400 apartments, combined with about 30,000 square feet of commercial space and more than 600 new parking spaces. The total investment over the next five years likely will be more than $420 million.

News of the partnership and plans to move forward come when economic recovery from the pandemic has slowed. September was the third straight month of slowing job growth, according to the Labor Department. Since February, Greater Cincinnati has lost 41,300 jobs during the pandemic. The District at Clifton Heights should create more than 800 permanent jobs. Construction alone would create 1,200 jobs. Trinitas and Crawford Hoying plowing ahead on the District is another shot of confidence in Cincinnati’s rebound. In recent weeks, developers have announced their intentions to move forward on several large-scale developments, including Cincinnati Center City Development Corp.’s $50 million redevelopment of the former Macy’s store downtown and Kean Ventures and Buckingham Cos.’ $80 million mixed-use project at Liberty and Elm streets in Over-the-Rhine. Only Cincinnati Children’s Hospital’s $650 million Critical Care Building is larger than the District at Clifton Heights in terms of the total amount invested. Before Cushman & Wakefield started to search for various developers, King questioned if now was the right time to move forward with the project. “We wondered if there was an appetite, an ability to execute, given how senior housing is being impacted by Covid-19,” King said. “We wondered if we needed to change the use of the hospitality pad since it was being so hammered by the change in travel behavior.” The interest in both components of the project was so high that Trinitas had the confidence to move forward. “Business owners, including real estate developers, believe the impacts of Covid will be short-lived,” King said. “You’re looking at what the economy and what the environment are going to look like when the project opens.” Crawford Hoying is one of those developers, like Uptown Rental Properties, Corporex and Kean Ventures, which sees the slow down as an opportunity. “It’s times like these when you’ve got to be bold, a little bit; you can’t be afraid,” Crawford said. “This isn’t opening next month. We want to be the ones opening in two years and in three years. We think it’s the exact right time to start developing.” Aaron Bartles, senior vice president of development with Trinitas, said now is an ideal time to be moving forward. “We’re bringing a transformation to the community that will truly take shape over the next several years,” Bartles said. The joint venture brings together two active, fully integrated commercial real estate developers that completed hundreds of millions of dollars in development in recent years (see sidebar, page 6). Crawford said the two firms are very similar in work ethic and culture on this a project of this size and scope. “You better be able to get along well, you better be aligned in your belief systems, how you should treat each other, and we knew we both felt the same thing pretty much right away,” Crawford said. Trinitas’ and Crawford Hoying’s areas of expertise don’t overlap, which is seen as crucial to King. They will self-perform the majority of the build-out of the District at Clifton Heights between the two firms.

Crawford Hoying is expected to do the work on the District’s multifamily, retail and hotel portions. Trinitas will self-perform on the student housing piece, and another partner is expected to be selected to handle the senior housing component. “We’re both committed to making the District be the transformational project that Clifton Heights deserves,” King said. The developers are working on plans to make the District a vibrant, mixed-use destination that draws university students and others who may be visiting the campus area. To achieve this goal, the team is looking at ways to activate the street-level and curate the right mix of commercial tenants. “You have to create the energy and the ‘there’ there that we talk about,” Crawford said. “That’s more than just bricks, glass, stone. It’s the spaces that people interact in.” Bartles said the mix of housing types and uses are critical to the development. The streetscape will be accessible for cars, but it will be designed to be pedestrian-friendly. The investment includes about $40 million in public infrastructure improvements, including streets, sidewalks, lighting and landscaping. “It’s the space between the building that means a lot to us,” Bartles said. The developers plan to put the hotel on the corner of Straight Street and Clifton Avenue, across from UC. The next portion of student housing will sit on the east side of Stratford Avenue, and the team plans to build the apartments and senior housing on the south side of Straight Street. When fully built out, the District could be home to about 3,200 residents when complete. “That’s 3,000 customers of local bars and restaurants, grocery stores, businesses in the area,” Bartles said. If Trinitas and Crawford Hoying successfully make it a destination, the District will bring even more people to the area. “This is not just about replacing a long-vacant property,” Bartles said. “This is about bringing economic vitality to local residents.” Bartles said all indications from the last several years show Cincinnati will continue to be a healthy place to invest over the next couple of years. Investments by the university, local developers and out-of-state developers are expected to continue. UC is investing more than $80 million for a total renovation of one of its dorms, Calhoun Hall, with plans to then renovate neighboring Siddall Hall. The university also is building the $86 million Clifton Court Hall, a 180,000-square-foot classroom building. Uptown Rental Properties and North American Properties are building the Eden, a $30 million apartment development with 207 units on the other side of campus. Plus, Uptown recently started construction on two Short Vine buildings with a total investment of $8 million.

The next phase of the District will start this fall with the construction of a new Delta Delta Delta sorority house. This will free up the property at 2609 Clifton Ave. for redevelopment. Trinitas will then begin work on 850 beds of student housing, adding to the more than 1,000 beds it has already developed at the Deacon, the $120 million first phase of the development. The next three to six months are critical for the District. The developers are now working on drafting a development agreement with the city of Cincinnati for public financing. They will then need to get approval for the next phase from City Planning Commission with a goal to start construction on the next step by early summer 2021. The team is expecting a full build-out of the site by the end of 2025. Cincinnati City Councilmember P.G. Sittenfeld said this project moving forward is a massive win for Cincinnati. In a year that has included a pandemic, a recession, social unrest and a rise in violence, the project is “exactly what the city needs,” he said. “In what has been a brutal 2020, it’s a sign Cincinnati remains a hot, desirable market,” Sittenfeld said. DSD Advisors LLC, the government relations arm of Dinsmore, has been working with the developers on community and government relations. For Crawford Hoying, the District will be large enough for the firm to have Cincinnati staff to help oversee the project. It gives the firm a launching point to further expand into the market. Just as the firm uses Bridge Park to show what it can do, Crawford said they want to have the same result with the District. “The next time we go to do something in Cincinnati, we won’t be an unknown ... we can point and say we were part of the District at Clifton Heights,” Crawford said. For King, he’s looking forward to seeing the incremental improvements Crawford Hoying will make on Trinitas’ initial vision and then comparing the completed development with what was on the roughly 5 acres of land, including the long-dormant Deaconess Hospital. “The contrast, I am confident, will be astounding,” he said.

September 22, 2020

TRINITAS VENTURES ACHIEVES LEED GOLD CERTIFICATION

(Lafayette, IN, September 22, 2020) -- The Deacon, an off-campus housing development by Trinitas Ventures located in Cincinnati, OH, has achieved LEED Gold Certification by the U.S. Green Building Council. This LEED certification recognizes The Deacon as being designed, built, and operated as environmentally sustainable and a healthy space to work and live.

LEED (Leadership in Energy and Environmental Design) is the most widely used green building rating system in the world, and a recognized symbol of sustainability achievement and leadership. This third party certification provides a framework for healthy, highly efficient, and cost-saving green buildings. Mahesh Ramanujam, President and CEO of U.S. Green Building Council sent a recognition letter to Trinitas stating “Congratulations on earning LEED certification, and thank you for your commitment to our common goal of building a healthy, sustainable future”.

Built in 2019, The Deacon is a 1,029-bed, 12-story student housing property adjacent to the University of Cincinnati, and whose goal is to ensure that each student is more successful by having lived there. This is a proud achievement for Trinitas Ventures who focuses on the comfort, health and wellbeing for its residents, staff, and the community.

About Trinitas
Trinitas is an owner, investor, developer, builder and manager of university-centric commercial real estate at major universities throughout the US, specializing in student housing, multi-family and mixed-use development. Trinitas currently owns and is developing approximately $500 mm in student housing, multi-family and mixed-use assets, with an additional $1 billion in its development pipeline. The company is headquartered in Lafayette, Indiana with offices in Indianapolis and Chicago. Learn more about Trinitas at www.trinitas.ventures.

June 24, 2020

TRINITAS VENTURES CLOSES ON SALE OF PARTNERSHIP INTEREST IN CHAUNCEY HILL MALL

(Lafayette, IN, June 24, 2020) -- Trinitas, a premier owner, investor, developer, builder and manager of high-quality university-centric commercial real estate, today announced it has closed on the sale of its partnership interest in the ownership entity of Chauncey Hill Mall and Chauncey Hill Annex to a venture led by Marc Muinzer..

“The sale today is bittersweet. We have been blessed with outstanding investment and development opportunities throughout the U.S. and today’s closing will enable Trinitas to focus on those. We acquired our partnership interest in the mall nearly seven years ago and have dreamed about its potential transformational redevelopment for over a decade. We love West Lafayette and Purdue University and we believe the future of the mall will be an asset for our community,” said Loren King, CEO of Trinitas.

Aaron Bartels, senior vice president of mixed-use development for Trinitas, added, “We believe that Marc Muinzer and his team are the right group to realize the potential for Chauncey Hill Mall and Chauncey Hill Annex. They have an outstanding track record of success in our community. We are confident that we have sold our interest to a group that is both invested in and cares about our community.”

About Trinitas
Trinitas is a fully integrated real estate company that invests in, develops, constructs, and manages high quality, university-centric commercial real estate throughout the United States with a focus on mixed-use and student housing. The privately held real estate development company has nearly $1 billion in student and mixed-use assets under development. Trinitas is headquartered in Lafayette, Indiana, with offices in Chicago and Indianapolis. Learn more about Trinitas Ventures at www.trinitas.ventures.

March 12, 2020

Cushman & Wakefield Selected as Exclusive Advisors for The District at Clifton Heights

Will oversee sale of multiple development opportunities as part of five-acre mixed-use project

Trinitas Development has selected Cushman & Wakefield as exclusive advisors for its mixed-use development, The District at Clifton Heights in Cincinnati. The $425 million project, located adjacent to University of Cincinnati, will assemble market-rate and age-restricted housing, ground-floor retail space, and a hotel on the five-acre site. Trinitas also plans to build a second phase of student housing totaling more than 800 beds. Cushman will serve as advisor as Trinitas looks to develop partnerships on individual elements of the overall program.

Cushman & Wakefield’s.Midwest Multifamily Advisory Group has been selected by Trinitas Development as exclusive advisors on the sale of multiple development opportunities that are part of the mixed-use project. The community will include multifamily housing, approximately 60,000 square feet of retail space, and a hotel, to complement The Deacon, a 1,000-person student housing complex that opened in August 2019.

The Cushman & Wakefield execution team includes capital markets experts specializing in the multifamily, senior housing and hospitality sectors, both from the company’s Chicago global headquarters and local Cincinnati office. Chicago-based brokers include Todd Stofflet, managing director, Jason Stevens, managing director, and Brad Smith, associate.

“Once completed, The District will become a destination for Cincinnati residents and visitors alike and will have a significant economic impact on the community as a whole,” said Stofflet. “Each component of this development brings a unique investment opportunity for the right buyer or buyers, who will become partners in transforming this diverse and active artery of the city.”

Situated on five-acres of entitled development along Calhoun St. in Clifton, on the former site of Deaconess Hospital, the next phase of development is set to begin construction later this year, with an expected completion date in the summer of 2023.

February 6, 2020

TRINITAS VENTURES STARTS DEVELOPMENT NEAR THE UNIVERSITY OF MICHIGAN

Lafayette, Indiana
Trinitas Ventures LLC (“Trinitas”), a premier owner, investor, developer and builder of student housing, multi-family and mixed-use communities, announced it has closed on the acquisition of the property located at 2601 Pontiac Trail, Ann Arbor, Michigan, near the University of Michigan. The company plans to develop The One, a cottage-style housing development located north of the University of Michigan’s main campus.

The 682-bed development will feature cottage-style duplexes, townhomes and stand-alone buildings comprised of one-, two-, three-, four- and five-bedroom units. The One will be the first cottage-style product of its kind in the market and will offer top-quality amenities including a large indoor/outdoor fitness center, business center, game room, resort-style pool, fire pit, private study lounges, basketball and volleyball courts, and shuttle service to campus. All units will feature the latest amenities. The approximately 32 acres will offer onsite parking, bike storage, bike trail connectivity and nearly 10 acres of open woodlands with walking paths. Equity financing is provided by a Trinitas managed investment entity, and construction financing is provided by PNC Bank. “We are excited to enter the Ann Arbor market and to continue our relationship with PNC Bank,” stated Loren King, Chief Executive Officer of Trinitas. “PNC and Trinitas have a long and successful history, and we are thrilled to start another project with them.”

About Trinitas
Trinitas is an owner, investor, developer, builder and manager of university-centric commercial real estate at major universities throughout the US, specializing in student housing, multi-family and mixed-use development. Trinitas currently owns and is developing approximately $500 mm in student housing, multi-family and mixed-use assets, with an additional $1 billion in its development pipeline. The company is headquartered in Lafayette, Indiana with offices in Indianapolis and Chicago. Learn more about Trinitas at www.trinitas.ventures.

About PNC
PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.

2019

December 20, 2019

Trinitas Ventures closes on property for new development near Arizona State University

Lafayette, Ind.
Trinitas Ventures LLC (“Trinitas”), a premier owner, investor, developer and builder of student housing, multi-family and mixed-use communities, announced today that it has closed on the acquisition of the property located at 707 S. Forest Avenue, Tempe, Arizona, near Arizona State University (“ASU”). The company plans to develop a high-rise multi-family housing and retail development located immediately northwest of ASU’s main campus and within walking distance of shopping, dining and ASU’s athletics facilities.

The 530 bed, campus adjacent development will feature urban style apartments comprised of studio, one-, two-, three- and four-bedroom units. The centrally located project will feature street level retail with structured parking on floors 2 through 5 and residential units on floors 6 through 19. The 20th floor will feature resident amenities including pool, fitness, and collaboration spaces, and the rooftop will feature an open air skydeck. Given the site’s proximity to downtown, Mill Avenue and the ASU campus, the project will provide a style of living that appeals to a broad range of residents who desire a centrally located and walkable lifestyle.

Equity financing has been provided by a joint venture between Trinitas and Harrison Street, a leading investment management firm exclusively focused on the Education, Healthcare and Storage Sectors. The project represents the seventeenth development for the Trinitas/Harrison Street partnership and the seventeenth joint venture. Justin Gronlie, Director and Head of Education Real Estate at Harrison Street stated, “We are excited to continue our relationship and invest in another development with Trinitas. The Arizona State area has a strong housing market which will benefit from Trinitas’ development and operational expertise, and this project is well positioned to thrive in the market.”

Construction financing has been provided by PNC Bank. “We are pleased to continue our relationships with Harrison Street and PNC,” stated Loren King, Chief Executive Officer of Trinitas. “Our strategic partnerships with both Harrison Street and PNC have been very successful in the past and enabled us to quickly close on this exciting opportunity and hit the ground running for a 2021 opening.”

About Trinitas
Trinitas is an owner, investor, developer, builder and manager of university-centric commercial real estate at major universities throughout the US, specializing in student housing, multi-family and mixed-use development. Trinitas currently owns and is developing approximately $500 mm in student housing, multi-family and mixed-use assets, with an additional $1 billion in its development pipeline. The company is headquartered in Lafayette, Indiana with office in Indianapolis and Chicago. Learn more about Trinitas at www.trinitas.ventures.

About Harrison Street Real Estate Capital, LLC
Harrison Street is one of the leading investment management firms exclusively focused on alternative real assets. Since inception in 2005, the firm has created a series of differentiated investment solutions focused on demographic-driven, needs-based assets. The firm has invested across senior housing, student housing, healthcare delivery, life sciences and storage real estate as well as social and utility infrastructure. Headquartered in Chicago with an office in London, the firm has more than 150-employees and approximately $22.9 billion in assets under management. Clients of the firm include a global institutional investor base domiciled in North America, Europe and Asia. For more information, please visit www.harrisonst.com.

About PNC
PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.

August 21, 2019

Take a look inside the $120M Deacon project near UC

One of the largest development projects in Greater Cincinnati is wrapping up construction and welcoming its first residents.

The Deacon, an estimated $120 million multifamily housing project near the University of Cincinnati, is adding 351 units with more than 1,000 beds to the CUF neighborhood. Trinitas Ventures, an owner, investor, developer, builder and manager of commercial real estate developed the Deacon.

Eli Routh, vice president of property operations for Trinitas, said the Deacon has received a great response from residents. About 880 of the building’s beds have been leased, including 400 that were leased to UC for student housing.

"We want this to be one of the best projects in Cincinnati," Routh told me.

Rental rates range at the Deacon based on whether you’re looking to live on your own or with roommates. Monthly rent starts at $1,004 for studios or $1,179 for one-bedroom, one-bathroom units. For four-bedroom, four-bathroom units monthly rent starts at $819.

The monthly rent includes cable and internet as well as trash, sewage, water and all of the property’s amenities. The apartments come furnished, complete with 48-inch TVs, granite counters, 9-foot ceilings, and full-size washers and dryers.

Amenities at the Deacon include a dog park and pet wash station, a jam lounge and music practice room, a resort-style pool and sun deck, TV & gaming areas, a hammock lounge, and outdoor grilling stations and fire pits. The building also offers unique views of the city. Many of the units have interior balconies overlooking the pool and sun deck.

While the flashier amenities, such as the large outdoor pool or the golf simulator and putting green, might get a lot of attention, Trinitas also devoted space for residents to focus on scholastics. There is a business center with 12 computers, six Macs and six PCs, as well as four study rooms on the amenity level. In addition, there is a study room on each level for a total of 18 throughout the property.

“Study space is becoming more and more popular,” Routh said. “We felt this amount was appropriate for the number of residents.”

While the last pieces of construction wrap up on the Deacon, Trinitas is working on plans for the former Deaconess Hospital property across the street. There, it is planning The District, a mixed-use apartment-hotel-retail project that would be part of an overall $300 million development.

“We want this to be a benefit for the community, for the university,” Routh said. “We want to help produce further development.”

August 9, 2019

What’s next for Cincinnati’s second-largest development?

With Cincinnati City Council’s rezoning of 12 acres of land where the former Deaconness Hospital once stood, the second-largest real estate project being built in the city moves to a new phase.

Trinitas Ventures plans The District, a mixed-use apartment-hotelretail project as a part of an overall $300 million project. It ranks only behind Cincinnati Children’s Hospital Medical Center’s $650 million expansion in terms of large projects being built in the city.

Trinitas has spent the last year talking with Uptown neighborhood leaders about what they would like the project to look like. Now, it has to craft a final design for the development and bring it to the Cincinnati Planning Commission for approval.

“This is the culmination of the last year of public engagement with the community,” said Aaron Bartels, senior vice president of development for the Lafayette, Ind.-based company. “This is the first step toward moving ahead with those plans.”

Large real estate projects, particularly those in Uptown, often cause heartburn in the communities there, but Trinitas has won praise from stakeholders for considering their input.

“You have done community engagement the right way,” Councilman P.G. Sittenfeld told the developers on Wednesday.

The Deacon student housing project, with 351 units, already has opened just north of where the hospital stood.

Trinitas hopes to finish any financing request from the city and present a final development plan by early 2020, with construction on the next phase to start in June. It's also working with the Clifton Heights-University Heights-Fairview (CUF) neighborhood on an overall parking plan.

The zoning changes approved Wednesday convert the parcels between Clifton Avenue, Herman Street, University Court and the Stratford Heights student apartments to a planned development. The project will include:
• 1,050 additional housing units, including 450 student residences
• A 30-bed sorority house
• A 170-room hotel
• 325,000 square feet of retail and commercial space.

The development is expected to have 1,780 parking spaces with a residential tower rising 275 feet high. CUF residents have said they want to see market-rate residential units aimed at people other than students.

July 22, 2019

Panel approves zoning for massive new Uptown development

The Cincinnati Planning Commission approved the needed zoning changes for one of the largest new developments in the region on Friday, a $300 million, 12-acre apartment-hotel-retail project at the site where the former Deaconess Hospital once stood.

Commissioners rezoned the property, which sits between Clifton Avenue, Herman Street, University Court and the Stratford Heights student apartments, to a planned development. The property sits in the Clifton Heights-University Heights-Fairview (CUF) neighborhood.

The developer, Trinitas Ventures, already has completed construction on the Deacon, a student housing project with 351 housing units just north of the hospital. It will open in time for the coming University of Cincinnati school year. It is 85 percent leased, with only 40 percent of the residents bringing their cars, according to Trinitas officials.

Trinitas already has purchased the 61 parcels needed for the rest of the site. The two-phase development will include:
• 1,050 additional units, including 450 student residences.
• A 30-bed sorority house
• A 170-room hotel
• 325,000 square feet of retail and commercial space

Trinitas will have to return to the planning commission to get approval for its final development plan. One building will be a tower that can rise no higher than 160 feet.

One concern that has come up as Trinitas has engaged with neighborhood leaders is parking, which can be at a premium, particularly in sections of the neighborhood where single-family homes have been converted to rentals and students bring cars. Trinitas plans to build 1,780 spaces in the development. It also plans an analysis to figure out ways to improve parking in the neighborhood.

“The petitioner pledged to work with the neighborhood to assist in addressing the parking pressures of the neighborhood,” the city planning staff report said. The project is expected to maximize sidewalk widths to achieve a “great street” environment. But the city’s transportation department has yet to decide how many vehicular traffic lanes will be required on the department’s main east-west street, Straight Street.

The tallest structure is expected to be a residential tower with a maximum building height of 275 feet. Neighborhood residents want to capitalize on the views of downtown available from a building that tall to attract market-rate residential units that won’t be used by students, according to the city’s report.

“When members of the community mentioned the opportunity of the views as attracting folks to live here we took them at their world,” said architect Neal Payton.

The commission’s vote was unanimous in favor of the zoning change. Commissioner Anne Sesler said the project will bring much-needed modern, up-to-date housing to CUF.

“There’s a huge demand for safe student housing,” Sesler said.

March 29, 2019

Trinitas Ventures Receives Four American Advertising Awards

Lafayette, IN; Trinitas, a premier owner, investor, developer, builder and manager of exceptional commercial real estate today announced that it has received four, prestigious American Advertising Awards. The Awards, which recognize and reward the creative spirit of excellence in advertising, are one of the advertising industry’s largest creative competitions, attracting nearly 35,000 professionals each year.

Two gold awards, one silver and the Rising Star award were presented to the Trinitas marketing team on March 7, 2019. A gold award, which recognizes the highest level of creative excellence, was awarded to Trinitas for its redesigned corporate website as well as their integrated brand identity campaign for the company’s internal education curriculum, RISE. Trinitas also won silver in the brochure category for their FitLife program which promotes the health and wellness of students. In addition, Trinitas’ graphic designer, Sarah Thoma, received the competition’s Rising Star award given to one person each year in recognition of his or her outstanding career achievement and philanthropic service to the community.

About Trinitas
Trinitas is a fully integrated real estate company that invests in, develops, constructs and manages high quality, university-centric commercial real estate throughout the United States. The privately held real estate development company is currently developing over $535 million in assets. Trinitas is headquartered in Lafayette, Indiana, with offices in Chicago and Indianapolis. Learn more about Trinitas Ventures at .

About AAF
Established in 1905, the American Advertising Federation (AAF), acts as the "Unifying Voice for Advertising." Its membership is comprised of nearly 100 corporate members made up of the nation’s leading advertisers, agencies, and media companies; a national network of nearly 200 local clubs representing 40,000 advertising professionals; and more than 200 college chapters with 5,000 student members.

2018

December 12, 2018

Developer will bury former hospital to make way for $300 million project

After receiving input from the community, the developer of the former Deaconess Hospital property in Clifton Heights is preparing to move forward with redevelopment of the more than 5-acre site.

Trinitas Ventures, which purchased the former hospital properties in October 2017 for $27 million, is well underway on the first phase of its development, the Deacon. This 11-story student housing community will have more than 1,000 beds in studios, one-, two-, three- and four-bedroom apartments. The more than $108 million project sits just north of the former hospital.

Trinitas is turning its attention the south side of Straight Street. After spending a large portion of the year gathering input from the community, the developer is ready to start a planned $300 million redevelopment of the former hospital into a large, multi-phase, mixed-use project.

Aaron Bartles, senior vice president of development for Trinitas, said when the Lafayette, Ind.-based firm purchased the property it was focused on adding student housing. But Trinitas knew the in-fill opportunity next to the University of Cincinnati was for more than just student housing.

“This is a phenomenal opportunity to bring in a mix of uses and activate this area for UC and Clifton Heights,” Bartles told me. “This is an opportunity that doesn’t come around very often.”

Trinitas has taken the information from design charettes and additional feedback from the surrounding community to update its plans for the site. Initially, the developer had planned 180 hotel rooms, 750 housing units, 100,000 square feet of office space and 100,000 square feet of retail space for the District at Clifton Heights. That plan has changed since August, with 850 residential units planned and possibly no or only a small amount of office space.

Now, Trinitas is moving ahead with planning for public finance, working with the city on the overall development plan for the property, moving ahead with the entitlement process, and beginning demolition of the former hospital and other buildings on the site.

“The next big push you’ll see on the site will be mobilizing to begin demolition,” Bartles said.

Trinitas selected Indianapolis-based Renascent Inc. to demolish roughly 700,000 square feet of existing space. Bartles said the demolition of the building along is a multimillion-dollar contract.

An innovative solution to bringing down the building is to use five levels of basement under the hospital to bury the building as they tear it down. The material will be crushed and ground to fill in that space. Bartles said this will prevent Renascent from having to truck about 1,500 loads of material off the site.

Interior demolition and remediation is expected to begin soon, with heavy demolition beginning in early 2019. The demolition itself is expected to be a three-phase process. Bartles said the plan is to have the site cleared by early summer 2019.
Interior demolition and remediation is expected to begin soon, with heavy demolition beginning in early 2019. The demolition itself is expected to be a three-phase process. Bartles said the plan is to have the site cleared by early summer 2019.

At the same time, Trinitas will be working with the city on a site review for the project. The plan is to have a planned development with each component going back for final review and permitting. This will allow the project to be flexible in terms of uses.

“We have to have the ability to evolve and grow over time,” Bartles said.

Right now, Trinitas is looking at a mixed-use development that includes:

A 23-story high-rise residential tower.
About 100,000 square feet of ground floor retail.
Additional student housing.
Multifamily housing, including potentially market-rate rentals, for-sale product and senior housing.
About 800 parking spaces.
A hotel at the corner of Straight Street and Clifton Avenue.
Place making that connects the area to Calhoun and McMillan streets.

In total, Trinitas is planning a development, not including parking space, that will be close to 1 million square feet. The total investment is expected to be about $300 million. The increase in value of the real estate is expected to generate close to $4 million annually in taxes, Bartles said.

Trinitas has selected Torti Gallas + Partners, a Washington, D.C.-based architecture firm, as master planner, as well as Chicago-based Antunovich Associates as architect for the project. MKSK is working as the landscape architect on the project, helping with the overall place making. Bayer Becker is the local civil engineer on the development. Trinitas also is working with DSD Advisors LLC, the government relations arm of the Dinsmore & Shohl law firm, on the project.

Bartles said the plan is to be under construction on portions of the next phase in 2019, with the balance of the site expected to take three to five years to complete.

September 12, 2018

Multiuse redevelopment planned for former eastside Kmart property

A Lafayette-based real estate development company plans to bring residential, commercial, retail and office space and more to Bloomington's former eastside Kmart and the surrounding area.

The company, Trinitas Ventures, has yet to file any paperwork with the city's Planning and Transportation Department. City Communications Director Yael Ksander confirmed Monday that the mayor's office has discussed with the company plans for a 12-acre parcel on East Third Street, which also includes Bloomingfoods' eastside location, at 3220 E. Third St.

In summer 2016, the 95,000-square-foot Kmart at 3216 E. Third St. closed. Bloomingfoods leadership announced earlier this year its intent to either move or close the co-operative grocery on that property when its lease ends in 2020.

According to a news release from the company, Trinitas Ventures plans to seek public input this summer before planning and completing phase one of the project in 2021.

Aaron Bartels, senior vice president of mixed-use development for Trinitas Ventures, compared the project to a more intensive version of the Renwick neighborhood on Bloomington's southeast side. Although it's in the early stages, Bartels said the project would have a heavy pedestrian focus while still providing plenty of parking.

Pending a market study, Bartels said the development would likely serve a mixed-tenure ownership ranging from professionals, to seniors aging in place, to students.

"It’s really about the balance, more than anything," Bartels said. "We envision this being a very public, collaborative process that involves all of our neighbors and stakeholders."

The company already has a footprint in Bloomington. Trinitas Ventures lists two student housing developments on the city's west side in its online portfolio: the Village at Muller Park and Collegiate on Patterson, also known as the Dillon.

According to the Trinitas Ventures website, the Village at Muller Park is a 668-bed, 248-unit student housing complex made up of apartments and townhomes. That property offers one- to four-bedroom apartments, a pool and outdoor area, and two fitness centers with a combined total of more than 4,000 square feet. Similarly, the Dillon is a 635-bed, 204-unit student complex with houses, townhomes and apartments. That property features a heated pool and hot tub, basketball court and 6,000-square-foot clubhouse with a fitness center, computer cafe and study lounges.

Bartels said it's early in the planning process, and premature to rule out any possibilities.

Ksander said the city is excited about the proposal, but stressed it's early in the process. Trinitas Ventures has not yet obtained the permissions it would need to construct a mixed-use development on the property. Ksander added that the city plans to work with Trinitas Ventures on a concept that fits within the context of the city.

Bartels said rather than purchasing the property, Trinitas Ventures plans to enter into a long-term partnership with the property owner. That owner, according to Monroe County's geographic information system, is Latimer Farms Real Estate LLC.

July 10, 2018

Lafayette-based developers this week turn over part of the design process for the Chauncey Hill Mall property at the top of State Street Hill to West Lafayette and Purdue.

WEST LAFAYETTE, Ind. – Lined up Monday evening with the tables where architects were sketching potential layouts on West Lafayette’s Chauncey Hill Mall were promises that there’d be a good idea by the end of the week for what’s next for the strip mall property that has been a fixture near Purdue University since 1979.

Loren King – CEO of Trinitas Ventures, the Lafayette firm preparing to redevelop the 3-acre property at State Street and Chauncey Avenue – opened five days of public sessions with a plea to those gathered in a vacant storefront that until recently house a University Spirit apparel shop.

“What you want to see is more important to us than what you don’t want to see,” King said. “This is going to be a project that affects the community for decades and decades and decades to come. We get to do it once. … That’s why we have a weeklong process.” The Lafayette firm, at the time, promised a deliberate process, including the unconventional step of inviting students, Purdue staff and West Side residents in for five days of drop-in design studio workshops and presentations to get ideas for the property two blocks from campus. (Trinitas will hold a similar set of sessions in Bloomington later in July for a planned redevelopment of a former Kmart property.) By Friday, the architects and planning firms brought in by Trinitas hope to have a “preferred scheme” of the District at Chauncey Hill ready to show, said Neal Payton, an architect with Torti Gallas + Partners, a firm based in Los Angeles.

Here were a few takeaways from Monday’s opener.

► How tall will it be? Architects and developers wouldn’t say, exactly. But it’s clear that they know they are working under Federal Aviation Administration guidelines for the flight path to the Purdue Airport, roughly two miles to the west. (Developers of the Rise at Chauncey, going up just across Chauncey Avenue, had to scale back when the FAA ruled that initial plans were too tall.) Aaron Bartels, senior vice president for development at Trinitas, said the firm hoped to build underground parking to maximum space up high. Payton wouldn’t commit to a number of stories and wouldn’t say Trinitas would take the full 149 feet available under FAA standards, but that plans likely would mean building tall.

► What will it look like? That was up in the air, Payton said. He and other architects were looking at surrounding buildings, including a historic bank structure at State and Northwestern designed by architect Louis Sullivan for his “Jewel Box” series, for inspiration.

“How do we honor that building?” Payton asked. “We don’t know how, yet, but we know we want to do that somehow.”
He also said the designs would likely bring buildings closer to State Street than they are in the L-shaped Chauncey Hill Mall buildings that frame a surface parking lot.

► What is the target market? Bartels said that with housing aimed at something other than the student market, office space and a hotel, the idea was to create a District at Chauncey Hill that wasn’t focused solely on campus. He called the property “not just a campus gateway, but a community gateway.”

“We see there is a deeper market,” Bartels said. “Part of this is to change that perception.”

► What about local businesses? Chris Sharp, a Purdue alum living in Lafayette, said that no matter how Chauncey Hill Mall looked, “there is an essence to it.” How, she asked, would developers assure that local flavor wouldn’t be lost? Bartels said Trinitas hoped to find a balance between local and national retailers. He said Trinitas would like to have back as many Chauncey Hill Mall businesses as “economically feasible.”

Sixteen businesses remain in Chauncey Hill Mall, with no specific timetable for them to leave or for a groundbreaking on the District at Chauncey Hill. Erik Carlson, West Lafayette development director, has said the city is prepared to help merchants — some of which have been in Chauncey Hill Mall for two and three decades — find new homes or temporary homes when the strip mall is demolished next year.

► What can you do? There will be design studio workshops, open to the public, 8 a.m.-8 p.m. Tuesday and Thursday, and 8 a.m.-5 p.m. Wednesday and Friday at the former University Spirit store at 135 S. Chauncey Ave. Presentations on the progress will be 6-8 p.m. Wednesday and Friday. To submit written suggestions, go to courb.co/Chauncey.

July 3, 2018

TRINITAS BREAKS GROUND ON FIRST-EVER COTTAGE COMMUNITY IN LAWRENCE

LAFAYETTE, IN (July 3 2018) Trinitas, a premier owner, investor, developer, builder and manager of exceptional commercial real estate recently broke ground on a student housing project located in Lawrence. The Nest by Trinitas, a 270-unit, 784-bed property is located on 33.69 acres of land at 1601 West 33rd Street and will feature cottage-style, two-story duplexes and three-story townhomes. Pet-friendly, fully finished units will feature private bedroom suites, granite countertops, hardwood-style flooring and stainless-steel appliances along with walk-in closets, a full size washer and dryers and a 48” TV.

The first-ever cottage community in Lawrence, designed by KJG Architecture, Inc. and financed by Associated Bank, is anticipated to open in fall 2019. It will boast 13,000 square-feet of amenity space including five acres of natural green space, an indoor basketball court, resort-style pool and hot tub, 24-hour fitness center with a yoga and spin studio, private study lounges, computer café and private shuttles to campus.

“The Nest will introduce the residents of Lawrence to a unique product type featuring best-in-class finishes and luxury amenities not currently offered in the market,” said Brad Bennet, Vice President of Development. “We have put extensive time and research into tailoring this community specifically to the Kansas student. The property’s unique floorplans, expansive outdoor spaces, and neighborhood vibe will provide an ideal setting for any resident to call home.”

Trinitas is a fully integrated real estate company that invests in, develops, constructs and manages high quality, university-centric commercial real estate throughout the United States. The privately held real estate development company is currently developing over $535 million in assets. Trinitas is headquartered in Lafayette, Indiana, with offices in Chicago and Indianapolis. Learn more about Trinitas Ventures at www.trinitas.ventures.

may 17, 2018

Developer seeking community input for Deaconess Hospital redevelopment

The commercial real estate developer that purchased the former Deaconess Hospital next to the University of Cincinnati is looking to start a collaborative planning process for the building this summer.

Trinitas Ventures, an owner, investor, developer, builder and manager of commercial real estate, purchased the 5.8-acre parcel at 311 Straight St. in September 2017 for $27 million. Last year, it started construction on the first phase of redevelopment, the Deacon, a student housing development on the northeast corner of Straight Street and University Court. This $108 million project wraps around an existing parking garage and fills what was mostly vacant property.

The collaborative process will focus on the redevelopment of the former hospital itself, which ended inpatient services in 2011. The process will begin with community outreach and stakeholder interviews in June. Those groups also will be invited to participate in a charrette, a design and planning session, in late July.

Aaron Bartles, senior vice president of development at Trinitas Ventures, will lead the Deaconess Hospital project. He said the redevelopment of the property will be tailored to fit the needs of the surrounding neighborhoods.

“It will be an active, mixed-use development consistant and appropriate with the development going on around the university,” Bartles told me.

At this point Trinitas is still determining what, if any, of the existing buildings would remain. Bartles said the plan for the property could include a mix of hotel, street-level retail, office and residential space.

He said Straight Street is an active pedestrian area and the redevelopment would capitalize on that, with lively outdoor seating.

Once the charette is complete, Bartles said he hopes to have plan for the property ready immediately.

Trinitas has selected Torti Gallas + Partners, a Washington, D.C.-based architecture firm, as master planner, as well as Chicago-based Antunovich Associates as architect for the project. The project team also includes Hoffman Strategy Group, providing market analysis, and a5 Branding and Digital, providing engagement and communications.

Trinitas is headquartered in Lafayette, Ind., with offices in Chicago and Indianapolis. The privately held real estate development company is currently developing more than $535 million in assets.

may 16, 2018

TRINITAS VENTURES TO BEGIN COLLABORATIVE PLANNING PROCESS OF MULTI-PHASE DEVELOPMENT NEAR UNIVERSITY OF CINCINNATI CAMPUS

Public Engagement Process To Take Place This Summer For Former Deaconess Hospital Site

Lafayette, IN -- Trinitas Ventures, a premier owner, investor, developer, builder and manager of high-quality commercial real estate, announced today that it would begin a collaborative planning process this summer to develop the former Deaconess Hospital in Cincinnati, Ohio. Adjacent to the University of Cincinnati, the 5.8-acre parcel on the corner of Clifton Avenue and Straight Street is a prime mixed-use redevelopment opportunity.

Trinitas purchased the site in 2017 and began construction last year on “The Deacon,” a student housing development on the northeast corner of Straight Street and University Court on land that was predominantly vacant for years. This first phase of the overall development is designed for the student market associated with the University of Cincinnati. The collaborative process will focus on the redevelopment of the long-shuttered Deaconess Hospital site and will begin with community outreach and stakeholder interviews in June. The community will be invited to participate in a charrette in late July and provide input on the project throughout the summer.

Aaron Bartels, Senior Vice President, Development, at Trinitas Ventures will lead the Deaconess Hospital project. He directs mixed-use development for Trinitas and brings to the project more than 20 years of experience in planning, design, development, leasing and asset management of large-scale, mixed-use communities.

“This dynamic development will be tailored to the needs of the vibrant neighborhoods that surround the University of Cincinnati,” Bartels said. “We look forward to collaborating with the community on this important project to reinvigorate the site and create a strong sense of place and a destination this neighborhood deserves.”

The project's first phase, The Deacon, is a 351-unit off-campus student housing community adjacent to the University of Cincinnati (UC). The community will be comprised of studios, one, two, three and four-bedroom units, each supporting one-to-one bed-to-bath parity with custom-tailored amenities selected with the UC student in mind.  The first phase will cost $108 million and be complete August 2019.

Trinitas has selected Torti Gallas + Partners as master planner and Antunovich Associates as architect for the project. The project team includes Hoffman Strategy Group (market analysis) and a5 Branding and Digital (engagement/communications).

may 14, 2018

TRINITAS TO REDEVELOP CHAUNCEY HILL MALL SITE IN WEST LAFAYETTE, INDIANA

Public engagement process to take place this summer with planned groundbreaking in 2019

Lafayette, IN -- Trinitas Ventures, a premier owner, investor, developer, builder and manager of high-quality commercial real estate, announced today that it plans to redevelop the Chauncey Hill Mall property in downtown West Lafayette, Indiana.

This summer, Trinitas will undertake a collaborative planning process to redevelop the three-acre site at Chauncey Avenue and State Street into a top-tier, mixed-use project that fits the needs of the local community and university.

"I am very excited about this project and what it will mean for the community," says Loren King, CEO of Trinitas Ventures. "We are committed to listening to the community and to the stakeholders to conceive the best possible project to meet the needs of our community. I am pleased with the planning and design team that we have assembled."

Trinitas has selected Torti Gallas + Partners as master planner and Antunovich Associates as architect for the project. The project team includes Hoffman Strategy Group (market analysis) and a5 Branding and Digital (engagement/communications).

The collaborative planning process will include stakeholder meetings and a Torti Gallas-led charrette in July to engage key stakeholders and the community in the project, which may include retail, restaurants, housing, a hotel, offices and parking.

The charrette, which will take place over several days at Chauncey Hill Mall, will obtain input from residents, businesses, government and education, among others, and is critical to the redevelopment from a socio-cultural, environmental, financial and a qualitative perspective.

Aaron Bartels, Senior Vice Precident, Development, at Trinitas Ventures will lead the Chauncey Hill Mall project. He directs mixed-use development for Trinitas and brings to the project more than 20 years of experience in planning, design, development, leasing and asset management of large-scale, mixed-use communities.

"Redevelopment of this site is long overdue," says Bartels at Trinitas Ventures. "We are working to create a true gathering place that will continue the transformation of downtown West Lafayette."

"To have this type of public input for a private project is unheard of. A project that meets the needs of the West Lafayette community is what will make this development successful," says West Lafayette Mayor John Dennis.

Groundbreaking is planned before the end of 2019 with a projected late 2021 opening. Bartels said Trinitas will work with existing Chauncey Hill Mall tenants through the transition and redevelopment process. Mayor Dennis has also pledged the City's assistance for the existing businesses at Chauncey Hill Mall.

April 27, 2018

TRINITAS VENTURES BEGINS PLANNING FOR FORMER 3RD STREET KMART SITE ON BLOOMINGTON, INDIANA'S, EAST SIDE

Public engagement process this summer to create plan for development that will include residential, office, retail, hospitality

Lafayette, In -- Trinitas Ventures, a premier owner, investor, developer, builder and manager of high-quality commercial real estate, announced today that it is planning a new development on the east side of Bloomington, Indiana, on the site of shuttered 95,000-square-foot 3rd Street Kmart.

Trinitas Ventures will begin a public engagement process this summer for the 12-acre site with a planned phase one opening in 2021.

The mixed-use development will include residential, retail, office and hospitality. The land is owned by Latimer family, which donated nearby Latimer Woods to the city nearly 20 years ago. Trinitas and the Latimer family see an opportunity to revitalize the east side site.

"We have partnered with the Latimer family to look at how to redevelop this area," says Travis Vencel, Executive Vice President of Development at Trinitas Ventures. "This project will begin the transformation of the east side from strip centers and single-use developments to well-designed mixed-use, pedestrian-friendly properties."

"We look forward to engaging in a collaborative planning process with the community and local stakeholders this summer to develop a New Urbanist plan for the community," says Aaron Bartels, Senior Vice President of Development at Trinitas Ventures.

Dale Conard, whose grandparents Clarence and Lizzie Latimer farmed the property for decades before leasing it for commercial development, adds that the family could not be more pleased with the Trinitas partnership. "Thank you to the Trinitas team," says Conard. "I, along with the family, look forward to the emerging plans to improve this site."

Trinitas has selected ELS Architecture and Urban Design as master planner for the project. The project team includes the Lakota group (placemaking), Hoffman Strategy Group (market analysis) and a5 Branding and Digital (engagement/communications).

April 3, 2018

STUDENT HOUSING BUSINESS – THE TOP INVESTORS AND DEVELOPERS IN STUDENT HOUSING

“Ranking third on our survey is Lafayette, Indiana-based Trinitas. The company has 18 properties set for delivery through 2021 at a total of 13,800 beds. The company’s pipeline includes a mixed-use student housing development located near the University of Cincinnati’s main campus, set for delivery in fall 2019.” For the complete article, see page 84 Student Housing Business

March 6, 2018

STUDENT HOUSING BUSINESS - IT'S ABOUT EXECUTION

“A successful team will maximize the talents of each individual member; however, the power of teamwork comes from the group’s collective focus on a common goal,” according to Mark Baumgarten, executive vice president at Trinitas. See what else Mark has to say about execution. Page 86.


Student Housing Business

2017

November 15, 2017

TRINITAS PARTNERS WITH UNITED WAY OF GREATER LAFAYETTE

Lafayette, IN; Trinitas, a premier owner, investor, developer, builder and manager of high-quality commercial real estate and student housing communities partnered for its second year with the United Way of Greater Lafayette, Indiana. The United Way works to create positive changes in the community by defining its needs, coordinating resources to address issues and enabling people within the community to help one another.

This year, Trinitas raised over $18,700 which is over double the amount raised by the company in 2016. Employees contributed through payroll deductions and pledge cards, which were met dollar for dollar by the company. In addition, Trinitas held a company-wide raffle which generated $1200 in donations with over 500 tickets sold.

“I am incredibly proud to partner with the United Way for a second year and see our company-wide efforts supporting the cause, continue to grow,” said Loren King, chief executive officer and co-founder. “Our organization not only passed last year’s donation goal but doubled it, which truly shows the passion of the Trinitas team and the value it places on the community we call home.”

ABOUT TRINITAS

Trinitas is a fully integrated real estate company that invests in, develops, constructs and manages high quality, university-centric commercial real estate throughout the United States. Trinitas currently owns and manages nearly $435 million in housing assets consisting of more than 1,200 apartments. The privately held real estate development company is currently developing over $535 million in assets for 2018-19 completion. Trinitas is headquartered in Lafayette, Indiana. Learn more about Trinitas at www.trinitas.ventures.

ABOUT UNITED WAY of GREATER LAFAYETTE

United Way of Greater Lafayette is on a mission to empower every person in this community to find their path to success from Cradle to Career. At United Way, we are more than fundraisers, we are the hand-raisers. We look for the community’s toughest challenges and bring people together to develop long-lasting impactful solutions. We believe that everyone can play a role in impacting the community. United we win!

May 25, 2017

Entrata Student Named Management Brain of Trinitas

Trinitas, owner, investor, developer, builder and manager of nearly $300 million in student housing assets consisting of more than 2,800 student housing beds, has chosen Entrata Student as its designated property management software provider.

“Our driving force behind the selection of Entrata was to enlist a system and partner that would better serve the nuanced needs of student housing,” said Mark Larson, Chief Financial Officer of Trinitas. “That approach was intensified to also find a partner that was actively improving and eliciting feedback on their product for future innovations in the space. Entrata was the platform and the partner we were looking for.”

Entrata Student is a software tool designed to specifically meet the unique needs of student housing operators. It allows the company to improve forecasting, keep organized when turning beds and enables online lease signing and automated renewals.

“Entrata Student is an integrated, cohesive platform that drives us to perform better in resident management, leasing, marketing and turnover,” said Larson. “Having an integrated system for all of those management functions allows us to exploit synergies in our information to make better decisions more quickly.”

Entrata Student leverages the power of Entrata Core to incorporate Trinitas’ property accounting, purchasing, facilities, and leasing data into one comprehensive property management system.

“On the analytics front, our property and portfolio analytics take less time to generate and process through the simplicity of Entrata data extracts,” said Larson. “Quite simply – all parts of our management business have become quicker, more productive and more accurate.”

In addition, it houses all of Trinitas’ resident management information, and provides instant feedback on important metrics such as occupancy, leads, traffic follow-up and countless other quick-look metrics that are important to running Trinitas’ business.

“At the site level, our efficiency and effectiveness in prospect follow-up has been phenomenal,” said Larson. “We have seen an approximate 40 percent increase in our follow-up schedule through the automation of that process within our Entrata system.”

Entrata allows its users free access to the data collected in the system, enabling Trinitas the ability to easily extract data out of the system for portfolio metrics analyzed by its executive team and investors.

“As a company, our entire site and corporate management team rely on Entrata as the management brain of our organization,” said Larson. “From a Vice President analyzing leasing trends, a leasing agent performing follow-up and a maintenance technician being notified of a work order – Entrata works efficiently across our entire organization.”

For more information on Entrata Student or how to implement Entrata at your organization, please visit www.entrata.com or contact your sales representative.

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 nearly $300 million in student housing assets consisting of more than 2,800 student housing beds. The privately held real estate development company is currently developing over $200 million in student housing assets consisting of approximately 2,000 beds for 2017 completion. Trinitas is headquartered in Lafayette, Indiana. Learn more about Trinitas at www.trinitas.ventures.

ABOUT ENTRATA

Founded in 2003, Entrata® is the most comprehensive property management software provider with a single-login, open-access Platform as a Service (PaaS) system. Offering a wide variety of online tools including websites, mobile apps, payments, lease signing, accounting, and resident management, the Entrata® platform currently serves more than 20,000 apartment communities nationwide. Entrata’s open API and superior selection of third-party integrations offer management companies the freedom to choose the technology and software that best fit their needs. For more information, go to www.entrata.com.

April 26, 2017

Trinitas Named as Top Developer by Student Housing Business

Student Housing Business | March / April 2017

Trinitas, a premier owner, investor, developer, builder and manager of high-quality commercial real estate and student housing communities, was named as one of the top ten most active developers within the student housing industry. According to the March/April 2017 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. Page 70.

Student Housing Business

April 20, 2017

Trinitas Ventures Receives Four American Advertising Awards

Lafayette, IN; Trinitas, a premier owner, investor, developer, builder and manager of high-quality commercial real estate and student housing communities today announced that it has received four, prestigious American Advertising Awards.

Three silver awards were presented to the marketing team for categories including: integrated brand integrity campaign, collateral material brochure, and mass transit exterior design. Trinitas’ senior graphic designer, Lindsay Courtney, also received the 2016 Rising Star Award given to one person each year recognizing outstanding career achievement and unselfish service to the community. To date, Trinitas has won seven American Advertising Awards in its two years of being an AAF member.

Alie Hrabe, Trinitas’ Vice President of Marketing and Leasing states, “It is an honor to be awarded four American Advertising Awards for our work among some of the best in the industry. I am very proud of our team and the work we’ve accomplished with respect to driving visibility of our properties and company brands. I am also delighted that the creativity of our senior designer, Lindsay Courtney, has been recognized with the Rising Star Award. It is a well- deserved honor.”

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 nearly $300 million in student housing assets consisting of more than 2,800 student housing beds. The privately held real estate development company is currently developing over $200 million in student housing assets consisting of approximately 2,000 beds for 2017 completion. Trinitas is headquartered in Lafayette, Indiana. Learn more about Trinitas at www.trinitas.ventures.

About AAF

The American Advertising Federation (AAF), established in 1905 and headquartered in Washington, DC, is the only organization that includes members across all disciplines and career levels in advertising representing all facets of the advertising industry and acts as the “Unifying Voice for Advertising.” The AAF’s membership is comprised of nearly 100 corporate members comprising the nation’s leading advertisers, advertising agencies, and media companies; a national network of nearly 200 local clubs representing 40,000 advertising professionals; and more than 200 college chapters with more than 5,000 student members. The AAF operates a host of programs and initiatives, including the Advertising

Hall of Fame, the Advertising Hall of Achievement, the American Advertising Awards, the National Student Advertising Competition, the Mosaic Center for Multiculturalism and summer AdCamps for high school students. For more information on the full range of the AAF’s programming, visit www.aaf.org.

March 17, 2017

Trinitas Sells Portfolio of Premier Student Housing Communities to The Scion Group

LAFAYETTE, IN (March 17, 2017) Trinitas and Harrison Street Real Estate Capital (“Harrison Street”) announced today that they have sold a portfolio of 2,000 beds in three communities in Southeast and Midwest markets to The Scion Group. The transaction, valued at over $172 million, closed on March 15, 2017.

Trinitas CFO, Mark Larson said, “This portfolio transaction is a testament to the quality student housing development projects the Trinitas team has brought to multiple university markets nationwide. We look forward to redeploying capital from this transaction to facilitate the execution of our significant development pipeline.”

The properties jointly owned by Trinitas and Harrison Street, and sold to The Scion Group, include The Village at Muller Park, located in Bloomington, Indiana and Alpha, located in Tuscaloosa, Alabama. The third property included in the portfolio sale, Lux at Central Park, located in Chapel Hill, North Carolina, was [wholly] owned by Trinitas.

Christopher Merrill, Co-Founder, President and CEO of Harrison Street, said “This transaction is emblematic of Harrison Street’s deep sector expertise, creativity and proven track record of creating value for our investors and partners alike. Initially acquired as single assets or development opportunities, this portfolio consists of nine high-quality properties at which we were able to execute on our business plans often times ahead of schedule. As the largest private investor in student housing, we are continuing to identify attractive opportunities in the sector.”

Trinitas will continue to manage a diverse portfolio of student housing assets located at Purdue University, The University of Arkansas, University of Illinois at Urbana-Champaign, Indiana University-Purdue University Indianapolis, University of Nebraska – Lincoln and Miami University in Oxford Ohio. Looking forward, Trinitas has multiple projects consisting of over 10,000 beds in various stages of the development process for delivery within the next 36 months.

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 nearly $300 million in student housing assets consisting of more than 2,800 student housing beds. The privately held real estate development company is currently developing over $200 million in student housing assets consisting of approximately 2,000 beds for 2017 completion. Trinitas is headquartered in Lafayette, Indiana. Learn more about Trinitas at www.trinitas.ventures.

About Harrison Street Real Estate Capital

Harrison Street Real Estate Capital LLC is one of the leading real estate investment management firms exclusively focused on the Education, Healthcare and Storage sectors. The firm has created a series of differentiated investment products across multiple risk/return platforms. Headquartered in Chicago with office in London, the firm employs a 90+ person team and has approximately $12.2 billion in assets under management. For more information, please visit www.harrisonst.com.

2016

June 13, 2016

Trinitas Breaks Ground On New Student Housing Community in Oxford, Ohio

OXFORD, OH (June 13, 2016) Trinitas, a premier owner, investor, developer, builder and manager of high-quality commercial real estate and student housing communities, recently broke ground on a luxury, student housing project located in Oxford, Ohio. Annex, a 202-unit, 643-bed property will reside on 37 acres of land south of the Miami University campus on State Road 27. Annex will feature a mix of two, three and four bedroom cottages and 1, 2 and 4 bedroom town homes. Each fully furnished unit will include spacious bedrooms with private bathroom suites, walk-in closets, a washer and dryer unit and high-speed internet with wireless capabilities.

The complex, designed by KJG Architects, includes 82 buildings and amenity area and is anticipated to open in August 2017. It will boast 370,000 square-feet of luxury amenities including an outdoor courtyard with a basketball court and resort-style pool and sundeck with water volleyball and grilling stations and nature preserve. Residents will have access to a 9,312 square-foot, all-inclusive club house which will feature a state-of-the-art fitness center, free tanning, a computer café, private study lounges, gaming stations and large screen TVs.

“Annex is ideally located for the Miami University students and provides new home style living with apartment style amenities,” said Travis Vencel, Executive Vice President of Development at Trinitas. “We have put a lot of effort in designing a property that will complement the Oxford market and are very excited about the potential of this market; the students of Miami deserve this type of product.”

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 $400 million in student housing assets consisting of more than 4,800 student housing beds. The privately held real estate development company is currently developing over $205 million in student housing assets consisting of over 2,000 beds for 2016 and 2017 completion. Trinitas is headquartered in Lafayette, Indiana. Learn more about Trinitas at www.trinitas.ventures.

March 4, 2016

Trinitas Ventures to begin construction next month on Annex housing development

More student housing is on the way after the plan to build a new housing development was approved by the Oxford City Council. Trinitas Ventures, based in Indiana, will begin building Annex next month. This new student housing community will be located less than a mile from campus, across from the Level 27 apartment complex. Alie Hrabe, vice president of marketing and leasing for Trinitas Ventures, said the construction will begin in April, and the apartments will be available for lease starting in fall 2017. Miami Student

2015

October 28, 2015

Trinitas breaks ground on student housing project in downtown Indianapolis

LAFAYETTE, IN (October 28, 2015) Trinitas, a premier owner, investor, developer, builder and manager of high-quality commercial real estate and student housing communities, recently broke ground on a luxury, student housing project located in downtown Indianapolis. The Collegiate, a 193-unit, 669-bed property will reside on 2.8 acres of land at the northeast corner of West Michigan Street and North Capitol Avenue and will feature a mix of one, two, three and four bedroom apartments. Each fully furnished unit will include spacious bedrooms with private bathroom suites, walk-in closets, a washer and dryer unit and high-speed internet with wireless capabilities.

The complex, designed by Ratio Architects, includes two buildings ranging from five to eleven stories and is anticipated to open in August 2017. It will boast 3,100 square-feet of retail space and 370,000 square-feet of luxury amenities including a five-level parking garage, outdoor courtyard with a basketball court and resort-style pool and sundeck with water volleyball and grilling stations. Student residents will have access to a 5,196 square-foot, all-inclusive club house which will feature a state-of-the-art fitness center, free tanning, a computer café, private study lounges, gaming stations and large screen TVs.

“The Collegiate is ideally located for the IUPUI student, near campus and walking distance to the amenities of downtown,” said Travis Vencel, Vice President of Development at Trinitas. “We have put a lot of effort in designing a property that will complement the downtown Indianapolis market and are very excited about the potential of this market.”

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 $400 million in student housing assets consisting of more than 4,800 student housing beds. The privately held real estate development company is currently developing over $205 million in student housing assets consisting of over 2,000 beds for 2016 and 2017 completion. Trinitas is headquartered in Lafayette, Indiana. Learn more about Trinitas at www.trinitas.ventures.

August 11, 2015

The Trinitas Difference

LAFAYETTE, IN (August 11, 2015) Trinitas is a premier owner, investor, developer, builder and manager of high-quality commercial real estate and student housing communities. With two generations of Kings at the helm, Trinitas draws on its exceptional heritage, commitment to excellence and core business integrity to ensure the firm’s position at the forefront of the industry. As an established leader in the student living space, Trinitas relies on the company’s team of accomplished veterans who understand the key facets of the industry and are able to effectively develop their properties and those of their partners. What sets Trinitas apart from other student housing companies is that they also rely on input and expertise from the students within the markets that they serve. This is The Trinitas Difference.

One of the ways that Trinitas sets itself apart from competitors is through their unique student property naming contest. Dub the Digs is a month-long naming contest which gives students an opportunity to leave their legacy by naming the student housing community being developed by Trinitas in their market. The student who enters the winning name, as decided upon by the company’s executive team, receives $5000 cash and public recognition for their contribution. Since the inception of Dub the Digs, three students at the University of Alabama, University of Arkansas and University at Nebraska—Lincoln have been awarded $15,000 for their prize winning names.

“At Trinitas, we believe that a student’s living environment has an impact on learning,” said Alie Hrabe, Vice President, Marketing and Leasing. “Everything from the design and amenities of our communities to our residence life program is focused on providing a positive experience for our student residents. The Trinitas Difference begins with the naming of our properties by university students and continues through every aspect of the property. At Trinitas, our ultimate goal is to ensure that each resident is more successful by having lived at one of our communities.”

Another way the company exemplifies The Trinitas Difference is through their partnership with Indiana University (IU). For the past three semesters Travis Vencel, Vice President of Development at Trinitas, has collaborated with IU’s Department of Kinesiology to develop the Matrix Fitness Project. Through this project, Travis challenges IU students to design a college housing fitness area that encompasses what students want and what they need to be healthy, while also staying within budget constraints. Students are asked to analyze and present information related to the use of student technology habits while working out as well as improve Matrix cardio consoles by including creative entertainment ideas in their design.

“Trinitas Ventures cares about what students want in their living areas,” said Carol Kennedy-Armbruster, PhD. “I was impressed that Trinitas personnel sought out my kinesiology students input on designing the fitness and wellness areas of their living units. Students seek real life learning experiences and appreciate the opportunity to contribute to building healthy college communities. Trinitas values student input which makes our collaboration a win-win for both of our organizations. They not only build living quarters, they create experiences that meet student needs.”

Trinitas also enlists help from students in the area of design. In 2012, the company partnered with Herron’s Basile Center for Art, Design and Public Life to enhance one of their student housing communities, 1201 Indiana, through public art. Several students from the Fine Art Center presented to Trinitas, as well as Indianapolis stakeholders, and the distinguished group selected a sculpture, Moving Forward, by Brett Harbour. Harbour, a senior and fine arts major at the time, said, “Something that stood out to me at 1201 Indiana Avenue was the commitment to community and the progressive environment that Trinitas developed. The atmosphere at 1201 Indiana seems designed to promote continual study and wellbeing for the community.” Harbour went on to design a second art piece at LUX, Trinitas’ student housing community in Chapel Hill, which opened in 2014.

Although The Trinitas Difference is apparent via the company’s community names, fitness areas and design, it is perhaps most evident through the company’s Community Assistant (C.A.) program. As a community assistant, student residents are exposed to dynamic and diverse opportunities that can serve as platforms for their career. They are responsible for delivering superior service to residents as well as fostering strong communities that contribute to positive living experiences. Through this program, student residents work directly with residents to forge connections that build an engaging residential community and a flawless housing experience. The purpose of the C.A. program, as well as the various other opportunities that Trinitas offers, is to ensure that both employees and residents are more successful by having lived at a Trinitas community. This is The Trinitas Difference.

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 $300 million in student housing assets consisting of more than 4,000 student housing beds. The privately held real estate development company is currently developing over $215 million in student housing assets consisting of over 3,650 beds for 2015 and 2016 completion. Trinitas is headquartered in Lafayette, Indiana. Learn more about Trinitas at www.trinitas.ventures.

July 2, 2015

Construction Has Begun On Our Newest Student Housing Project In Lincoln Nebraska

Work has begun on Lincoln’s newest student-oriented housing project. Alie Hrabe, Vice President, Marketing and Leasing at Trinitas of Lafayette, Indiana, said foundation work has begun at the 8N Lofts at Eighth and N streets. The seven-story building will have 172 fully furnished apartments with 624 total bedrooms. Trinitas describes the project on its website as an upscale building that will include a “Husker Sky Deck” on the top floor with a large-screen TV, fire pit, hot tub, sundeck and grilling stations.

Journal Star

April 7, 2015

Student Housing Business – Marketing and Managing International Students

Student Housing Business | March/April 2015

“We understand that we’re not only introducing students to a new school, but to an entirely new culture, so we offer a variety of ways for them to get involved.” This according to Alie Hrabe, Vice President, Marketing and Leasing at Trinitas. See what other strategies Trinitas uses to serve their growing international student population. Page 60.

Student Housing Business

2014

December 19, 2014

Trinitas Named In Student Housing Business’ Top 25 Owners Of Student Housing

Student Housing Business | November/December 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. Page 66.

Student Housing Business

November 10, 2014

Trinitas and Harrison Street Sell Five Premier Student Housing Communities to Candlebrook Properties

OVER 3,400 BEDS CHANGE HANDS IN THE LARGEST STUDENT HOUSING TRANSACTION OF 2014

Lafayette, IN; Trinitas and Harrison Street Real Estate (HSRE) announced today that they have sold a portfolio of 3,400 beds in five communities in Southern and Midwest markets to Candlebrook Properties and Lubert Adler. The transaction, valued at over $230 million, closed on October 31, 2014.

“We are happy to announce the disposition of these best-in-class assets to Candlebrook and Lubert Adler,” said Loren King, CEO of Trinitas. “Our ability to offer a well-positioned, diversified portfolio to a new player in the student housing industry speaks volumes to the quality and execution of our product and our strong partnership with Harrison Street Real Estate Capital.”

Ben Mohns, Senior Vice President at Harrison Street Real Estate said, “We’re pleased to have executed on our business plan for our investors and to have capitalized on the favorable market conditions for this transaction. With this sale Harrison Street will have sold more than $2.1 billion in real estate across the Education, Healthcare and Storage sectors.”

The five sold properties include The Collegiate on Patterson, located in Bloomington, Indiana; 1201 Indiana, located in Indianapolis, Indiana; The Collegiate on Busbee, located in Kennesaw, Georgia; The Collegiate on Angliana, located in Lexington, Kentucky; and The Collegiate at VCU, located in Richmond, Virginia.

Trinitas will continue to manage a diverse portfolio of student housing assets located at Purdue University, The University of Illinois, Indiana University and The University of North Carolina at Chapel Hill. In addition, Trinitas and HSRE are currently under construction with Alpha, a luxury student housing development located in Tuscaloosa, Alabama. Looking forward, Trinitas has multiple projects consisting of 3,000 beds in various stages of the development process for delivery within the next 24 months.

Trinitas CFO, Mark Larson said, “This was a complex transaction that required tremendous focus over the last several months. We are proud of our team’s ability to execute the largest portfolio sale of student housing assets to date this year. Our ability to close this historic transaction with a sophisticated buyer speaks strongly to the capabilities within our organization and our partnership with HSRE.”

Added Mohns, “Trinitas Ventures has been one of our longstanding best-in-class operators and we look forward to continuing our relationship with their fine organization.”

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 $250 million in student housing assets consisting of more than 2,800 student housing beds. The privately held real estate development company is currently developing over $150 million in student housing assets consisting of over 3,000 beds for 2015 and 2016 completion. Trinitas is headquartered in Lafayette, Indiana. Learn more about Trinitas at www.trinitas.ventures.

About Harrison Street Real Estate Capital

Harrison Street Real Estate Capital is a real estate private equity firm founded in 2005 that directly and through its Harrison Street Real Estate Capital is a real estate private equity firm founded in 2005 that directly and through its affiliates, has approximately $7.3 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. Since inception, the Firm has acquired or developed over 400 properties in 40 states including over 50,800 student housing beds, more than 11,600 senior housing units, over 4.8 million square feet of medical office space, and more than 82,000 self-storage units. Additionally, Harrison Street Securities LLC, an affiliate currently manages over $760 million in REIT securities through distinct long only product offerings. For more information please visit www.harrisonst.com.

October 23, 2014

Trinitas’ Wins Coveted IAA Prodigy and Award Of Excellence

Lafayette, IN (October 23, 2014) – The Collegiate on Patterson, a Trinitas owned luxury student housing community in Bloomington, Indiana was named Best Community Designed for Student Housing by the Indiana Apartment Association (IAA) during the 2014 Prodigy Awards Ceremony. The Prodigy Awards, along with the individual Awards of Excellence, are presented annually by IAA at the President’s Dinner during the annual Midwest Multifamily Exposition and Education Conference.

The Collegiate on Patterson is an urban student housing community situated on 13.5 acres of land in Bloomington, Indiana. The 204-unit, 635-bed property, which integrates individual house units as well as townhouse-style apartments, is a short bike or shuttle ride to Indiana University. Patterson boasts a broad array of unmatched amenities including a heated pool and hot tub, outdoor fire pit, grilling area, basketball court and outdoor gaming area. A 6,000 square-foot clubhouse complete with a state-of-the-art fitness centers, tech bar with Macs and PCs, free tanning beds, a study lounge, TVs and game consoles anchor this 292,939 square-foot property. The Collegiate on Patterson opened in August 2014 and is a joint venture between Trinitas and Harrison Street Real Estate Capital of Chicago, Illinois.

Patterson’s Prodigy Award for Best Apartment Community Designed for Student Housing was one of two honors bestowed upon Trinitas by IAA. Casey Johnson, Leasing and Marketing Manager for The Collegiate on Patterson, was also awarded the Award of Excellence for Leasing Consultant of the Year. This honor, established in 1994, recognizes a leasing consultant for his or her outstanding performance in leasing. Casey, a graduate of Indiana University and decorated member of its Men’s Swimming Team, began his career as a leasing specialist with Trinitas in 2013. He was recently promoted to the position of Leasing and Marketing Manager for Patterson and continues to be one of the company’s top leasers.

“We are honored to be recognized by the Indiana Apartment Association for the development of our best-in-class student housing communities as well as our best-in-market team members. Trinitas’ position at the forefront of student housing is directly tied to our team’s commitment to excellence and business integrity,” said Loren King, Trinitas CEO.

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 6,300 student housing beds. The privately held real estate development company is currently developing over $150 million in student housing assets consisting of over 2,000 beds for 2015 and 2016 completion. Trinitas is headquartered in Lafayette, Indiana. Learn more about Trinitas at www.trinitas.ventures.

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 Master 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.

“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.

2013

October 15, 2013

Trinitas Appoints New Vice President, Marketing

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 Vice President, Marketing.

Alie 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.

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 LLCa>, 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.”

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.

The 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.

Equity 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.

Equity 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.

2012

December 18, 2012

Trinitas and Harrison Street Complete The Cottages Near Purdue University

Lafayette, IN (December 18, 2012) – Trinitas Ventures LLC, a premier developer of student housing and mixed-use communities, has recently completed construction of its new, cottage-style student housing community located in West Lafayette, Indiana. The Cottages on Lindberg (The Cottages), a 193-unit, 745-bed student housing property currently serves students attending Purdue University (Purdue).

The Cottages is located 1 ½ miles north of Purdue’s main campus and 1/3 mile west of the championship-level Purdue’s golf courses. The Cottages has 2, 3, 4 and 5 bedroom cottage-style units and provides a number of amenities including a 6,500 square foot clubhouse, a pool, a hot tub, a basketball court, and shuttles to campus. The Cottages opened fully occupied in August 2012 and is nearly fully pre-leased for August 2013.

Equity financing has been provided by a joint venture between Trinitas and Harrison Street Real Estate Capital (HSRE). The project represents the first cottage-style development for the Trinitas/HSRE partnership. Brian Thompson, Senior Vice President of HSRE stated, “While this is Trinitas’ first cottage-style project, we were confident in Trinitas’ ability to develop, construct, and manage this unique product and are excited to be invested in a blue chip market like Purdue.”

Construction financing was provided by U.S. Bank. This is the first construction loan financed by U.S. Bank for Trinitas’ student housing developments. Loren King, Chief Operating Officer of Trinitas, stated, “We are excited to begin our relationship with U.S. Bank. Without great partners like U.S. Bank and HSRE, successes like we have achieved at The Cottages would not be possible.” Randy With, Cincinnati/ Indianapolis Market Manager for U.S. Bank added, “Trinitas is a highly successful student housing developer, and their success with the cottage-style product type is strong evidence of their market knowledge. We are proud to be part of this project.”

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 U.S. Bank Commercial Real Estate

U.S. Bank Commercial Real Estate specializes in providing creative credit and non-credit financial solutions for real estate developers, REITs, and commercial property owners across the United States. U.S. Bank offers such services as construction/development lending, property acquisition lending, refinancing, lines of credit, and syndications. With an employee base of 400 professionals in 24 offices, U.S. Bank Commercial Real Estate builds long-term relationships designed to help American businesses grow.

About U.S. Bank

Minneapolis-based U.S. Bancorp (NYSE: USB), with $352 billion in assets as of September 30, 2012, is the parent company of U.S. Bank National Association, the 5th largest commercial bank in the United States. The Company operates 3,086 banking offices in 25 states and 5,080 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp and its employees are dedicated to improving the communities they serve, for which the company earned the 2011 Spirit of America Award, the highest honor bestowed on a company by United Way. Visit U.S. Bancorp on the web at usbank.com.

December 11, 2012

Trinitas and Harrison Street Break Ground at Kennesaw State

Lafayette, IN (December 11, 2012) – Trinitas Ventures LLC, a premier developer of student housing and mixed-use communities, began constructing a new urban townhouse-style project in Kennesaw, Georgia earlier this fall. The Collegiate Towns and Flats, a 274-unit, 736-bed student housing property with an anticipated opening date of August 2013, will serve students attending Kennesaw State University (KSU). The Collegiate is located immediately east of KSU’s main campus and within minutes of shopping and dining. The student housing property integrates large unit designs and townhouse-style apartment features with the convenience and atmosphere of modern living. It boasts a broad array of amenities including a 6,360 square foot clubhouse containing a recreation area, fitness center, business center and study rooms, as well as courtyards including a basketball court, sand volleyball court, pool, and hot tub.

Equity financing has been provided by a joint venture between Trinitas and Harrison Street Real Estate Capital (HSRE). The project represents the fifth development for the Trinitas/HSRE partnership and the seventh joint venture. Brian Thompson, Senior Vice President at HSRE stated, “We are excited to invest in another development with Trinitas. Kennesaw State has a strong student housing market which will benefit from Trinitas’ development and operational expertise.”

Construction financing has been provided by PNC Bank. “We are pleased to continue our relationships with PNC and HSRE,” stated Loren King, Chief Operating Officer of Trinitas. “Our strategic partnerships with both PNC and HSRE have been very successful in the past and enable us to capitalize on the best opportunities in student housing 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.

November 1, 2012

Private Housing Goes to School

Lafayette, IN (November 1, 2012) – PNC has teamed up with a visionary developer to deliver student housing that is affordable, comfortable and creates a sense of community that enhances the college experience.

Students at three major universities have attractive new housing options thanks to Trinitas Ventures LLC of West Lafayette, Indiana and to financing provided by PNC. Trinitas is a premier developer, owner and manager of high quality commercial real estate, specializing in student housing and mixed-use communities at leading universities throughout the United States.

The developer’s innovative concept puts first-class private housing within walking distance of classrooms. Offering competitive rental rates, these projects feature student-friendly designs, including a floor plan that separates bedrooms from common areas for increased noise control and privacy. Additionally, each offers a high level of amenities including a club house, workout facility, swimming pool and business center.

The 667-bed, 1201 Indiana, mixed-use development at Indiana University-Purdue University (IUPUI) in downtown Indianapolis will help transform IUPUI into a close-knit, urban college community when it opens in August 2011. Trinitas teamed up with Harrison Street Real Estate Capital, Chicago, Illinois, to develop and manage this $100 million joint venture, which presented a unique opportunity to bring private housing on to campuses like IUPUI.

Also opening soon is The Collegiate, a four-story, student-oriented urban apartment community in Richmond, VA. It will serve Virginia Commonwealth University (VCU), one of the largest and fastest-growing universities in the state. As VCU transitions rapidly from a commuter school into a residential university, the development will help to accommodate the growing number of full-time students.

The 668-bed project known as The Village at Muller Park in Bloomington, Indiana was the first of the three developments financed by PNC. It opened in 2008 near Indiana University in a 35-acre park-like setting with dedicated conservation and recreational areas.

“Our focus is on identifying high quality student housing development opportunities and providing top quality service to our investors, clients, and residents,” said Loren King, Chief Operating Officer and General Counsel of Trinitas.

With a vision like that, it’s not surprising that Trinitas was named one of the top owners within the student housing industry for 2010 according to the November/December 2010 issue of Student Housing Business.

2011

NOVEMBER 22, 2011

Trinitas Appoints New Chief Financial Officer

Lafayette, IN (November 22, 2011) – Trinitas Ventures LLC, a premier developer, owner and manager of high-quality student housing communities today named Mark D. Larson as its new Chief Financial Officer. Mr. Larson will continue oversight of the accounting, finance and treasury operations of Trinitas, as well as maintenance of key operational relationships with Trinitas’ joint venture partners. Mr. Larson will continue to participate on the company’s real estate development, finance, administrative, property management, and information technology committees.

“Mark is a strong leader and has demonstrated the kind of superior business and financial acumen that makes him uniquely qualified to be Trinitas’ CFO,” said Loren King, the company’s chief operating officer and principal. “Over the last two years, I have watched Mark push his teams to accomplish strategic objectives that previously seemed unobtainable, while further enabling the success of Trinitas’ aggressive growth strategy.”

Prior to joining Trinitas in September 2009, he served as Director, Financial Planning and Analysis with General Growth Properties, Inc., a public retail real estate investment trust located in Chicago, Illinois. Preceding his employment with GGP, he was employed with The Taubman Company in Bloomfield Hills, Michigan. Mr. Larson has over 15 years of real estate experience in the accounting, finance, asset management and joint venture relations fields spanning both public and private firms. Mr. Larson is a graduate of the University of North Florida and has earned the Certificate in Management Accounting.

About Trinitas

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 over $150 million in by-design student housing assets and has an additional $70 million of by-design student housing under development. Trinitas completed more than $130 million in student housing financings in 2010 through Q2 2011. The privately held student housing company is headquartered in Lafayette, Indiana. Learn more about Trinitas at www.trinitas-ventures.com.

April 20, 2011

Trinitas Ventures CEO Mediates Panel Discussion on New Product and Development Trends in Student Housing

West Lafayette, IN (April 20, 2011) – Loren King, CEO 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.

March 11, 2011

Trinitas Ventures Begins Construction of a New Urban-Infill Student Housing Community in Richmond, Virginia

West Lafayette, IN (March 11, 2011) – Trinitas Ventures LLC (Trinitas), a premier developer of student housing and mixed-use communities, began construction of a new, urban-infill, student-housing community, located in Richmond, Virginia. The Collegiate, a 269-unit / 690-bed student housing property, will serve students attending Virginia Commonwealth University (VCU) and has an anticipated opening date of August 2012.

The Collegiate will be located 1/2 mile immediately north of VCU’s Monroe Park Campus in the heart of Richmond, Virginia’s downtown area. The student housing community integrates 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 6,274 square foot clubhouse containing a recreation area, spa, and fitness center as well as a courtyard including a basketball court, sand volleyball court, pool, and sundeck.

Equity 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 partnership and the thirteenth investment for the recently launched Harrison Street Real Estate Partners Fund III. 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, NA (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. “We appreciate and value strategic partners like PNC and HSRE that understand student housing and the value creation inherent in the projects we seek to develop. These relationships are critical as we seek to develop outstanding student housing throughout the U.S.”

About Trinitas

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 over$150 million in student housing assets and has an additional $70 million of student housing under development. Trinitas completed more than $130 million in student housing financings in 2010 through Q2 2011. The privately held student housing company is headquartered in West Lafayette, Indiana. Learn more about Trinitas at www.trinitas-ventures.com.

About Harrison Street Real Estate Capital, LLC

Harrison Street Real Estate Capital, LLC, is a real estate private equity firm founded in 2005. The firm, on behalf of Harrison Street Real Estate Partners I, II and III, currently owns approximately $2.8 billion in real estate assets which includes over 20,000 student housing beds, 5,800 senior housing / assisted living units, over 61,700 self-storage units, 2,850 dry & wet boat storage and 920,000 square feet of medical office space. For more information on Harrison Street Real Estate Capital please 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.

March 1, 2011

Trinitas Recognized as a Top National Owner of Student Housing

West Lafayette, IN (March 1, 2011) – Trinitas Ventures LLC (Trinitas), a leading national developer, builder and manager of student housing, was named one of the top owners within the student housing industry for 2010. According to the November/December 2010 issue of Student Housing Business, the leading news and information portal for the industry, Trinitas was awarded this honor along with other major contributors including American Campus Communities, Education Realty Trust, and The Collier Companies.

“Our focus is on identifying high quality student housing development opportunities and providing top quality service to our investors, clients, and residents,” said Loren King, Chief Operating Officer and General Counsel of Trinitas. “We have never sought to acquire a large number of beds, so it was surprising to see that, even in spite of several dispositions, we own a large enough portfolio of student housing to warrant mention as one of the top student housing owners in the country.”

In late 2010, Trinitas and Chicago-based real estate private equity firm Harrison Street Real Estate Capital (HSRE) formed a $100 million joint venture partnership to develop and manage urban-infill student housing communities throughout the country. The magazine also honored HSRE as one of the top private equity investors in the student housing space.

“I am very optimistic about the current efforts of our development team to identify high-quality, high-return development opportunities in high-barrier-to-entry markets with a quantifiable undersupply of student housing. Regardless of where Trinitas may rank on a list in the years to come, I expect our portfolio’s size and quality to continue to grow in the future,” stated King.

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.

January 18, 2011

Trinitas Announces Completion of Key 2010 Financing Activities

WEST LAFAYETTE, IN (Jan. 18, 2011) – Trinitas, a premier developer of student housing and mixed-use communities, announced the completion of its key financing activities for the 2010 calendar year, solidifying the firm’s balance sheet and preparing the company for continued growth of its development and owned property student housing portfolio.

Details of the company’s key financing transactions are described below:

Refinancings

On March 12, 2010, the company refinanced its construction mini-perm facility on The Village at Muller Park, located in Bloomington, Indiana. The 248-unit / 668-bed luxury student housing property serves students attending Indiana University. Permanent financing in excess of $25 million was secured through a 10-year fixed-rate loan through M&T Realty Capital Corporation/Fannie Mae. Debt service is interest-only for 2 years followed by 30-year amortization at an interest rate below 6%.

On October 29, 2010, the company refinanced its construction mini-perm facility on The Village at Colbert Park, located in Savoy, Illinois. The 279-unit / 699-bed luxury student housing property serves students attending The University of Illinois – Urbana Champaign. Permanent financing in excess of $25 million was secured through a 10-year fixed-rate loan through M&T Realty Capital Corporation/Fannie Mae. Debt service is interest-only for 2 years followed by 30-year amortization at an interest rate below 5%.

“Our successful refinancing activities are evidence of strong support for our recently developed, stabilized assets,” commented Mark D. Larson, Vice President of Finance for Trinitas. “Our continued relationship with strong lenders like M&T Realty Capital Corporation positions us well as Trinitas’ growth accelerates over the next several years.”

Construction Debt

On October 8, 2010, Trinitas closed on an approximately $30 million construction facility to finance the construction of 1201 Indiana, a 267-unit / 667-bed property located in the heart of Indianapolis, Indiana. 1201 Indiana will serve students attending Indiana University-Purdue University Indianapolis (IUPUI), with an anticipated opening date of August 2011. PNC Bank is providing the construction loan.

“We are excited to be working with PNC Bank – they are a great organization and have a great real estate finance team,” remarked Loren P. King, Chief Operating Officer of Trinitas. “1201 Indiana represents our latest innovative student housing development. PNC’s local commitment to this project, and to our firm, demonstrates the strong relationship we have developed over the last several years with their financing team. We look forward to our continued successes together today and in the future.”

Equity Commitments

As previously announced, on October 29, 2010 Trinitas closed a $100 million joint venture with Harrison Street Real Estate Capital (HSRE) to develop student housing communities throughout the United States.

“Our joint venture with HSRE provides us with an enhanced ability to capitalize upon the many student housing opportunities our development team is uncovering in markets throughout the country,” Mr. King remarked. “HSRE strengthens and diversifies our investor base and improves our ability to execute on opportunities quickly and decisively. With HSRE’s programmatic capital behind us, our ability to grow and create value in the student housing business has been accelerated. We look forward to a long, successful relationship with Harrison Street.”

About Trinitas

Trinitas Ventures is a premier developer, owner and manager of high quality commercial real estate, specializing in student housing and mixed-use communities at major universities throughout the United States. Trinitas is a fully integrated real estate firm with expertise in development, construction, property management, and related activities and services. The privately held real estate development company is headquartered in West Lafayette, Indiana. Learn more about Trinitas at www.trinitas-ventures.com.

2010

November 1, 2010

Trinitas Ventures and Harrison Street Real Estate Capital Form $100 Million Student Housing Venture

Chicago, IL (November 1, 2010)— Trinitas Ventures LLC, a leading developer and operator of student housing, and Chicago-based real estate private equity firm Harrison Street Real Estate Capital (HSRE) have formed a $100 million joint venture partnership to develop and manage urban-infill student housing communities throughout the country. The joint venture is positioned to capitalize on the development of infill student housing development opportunities proximate to large state universities across the country. Demonstrating that opportunity, the joint venture, recently closed on two student housing properties, one existing property and another currently under development. The purchase price totaled approximately $69 million.

“We seek well-located high-barrier-to-entry locations close to large colleges and universities,” said Loren King, Chief Operating Officer of Trinitas. “These types of sites are usually difficult to acquire, entitle, and develop—we specialize in difficult. We customize each project to the site and the market, which results in a well-positioned, highly desired property and significant value creation for Trinitas and our partners.”

The joint venture acquired the award-winning The Village at Muller Park, a Class A, 668-bed, purpose-built student housing property located in Bloomington, IN, serving students attending Indiana University. The property was developed and built by Trinitas and its affiliates and opened in Fall 2008. The Village at Muller Park provides 668 beds through a mix of townhouse and conventional flat styled apartments. The property’s award-winning clubhouse boasts a fitness center, resident business center, study rooms, micro spa, recreation room and gaming center, and a pool and sundeck.

The joint venture also acquired 1201 Indiana, a Class A, 667-bed, purpose-built student housing project scheduled to open in August 2011. This investment represents the first infill development for the Trinitas/Harrison Street Real Estate Capital partnership and the first investment for the recently launched Harrison Street Real Estate Partners Fund III. The property is being developed and built by affiliates of Trinitas.

Trinitas/Harrison Street Joint Venture

Located in Indianapolis, Indiana, 1201 Indiana will serve the students attending Indiana University–Purdue University Indianapolis (“IUPUI”). When completed, 1201 Indiana will provide 667 beds and approximately 7,000 square feet of commercial space. The property is fully amenitized and will include a clubhouse with a fitness center, recreation and game room, pool and sundeck, micro spa, second floor patio deck and lounge area, and fifth floor roof-top deck and patio overlooking downtown Indianapolis. Additional development projects are anticipated and could be completed for Fall 2012 opening. “We continue to be active in the student housing space and feel that the partnership with Trinitas provides an excellent complement to our current student housing portfolio and further diversifies our partner base,” said Brian Thompson, Vice President of Harrison Street Real Estate Capital. “We look forward to a long, successful relationship with the Trinitas team. Their organization is poised for growth and their team has all of the qualities we are looking for in long-term partners.”

About Harrison Street Real Estate Capital, LLC

Harrison Street Real Estate Capital, LLC, is a real estate private equity firm founded in 2005. The firm, on behalf of Harrison Street Real Estate Partners I, II and III, currently owns approximately $2.1 billion in real estate assets which includes over 15,800 student housing beds, 4,400 senior housing / assisted living units, over 61,700 self-storage units, 2,850 dry & wet boat storage and 920,000 square feet of medical office space. For more information on Harrison Street Real Estate Capital please visit www.harrisonst.com

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.

March 22, 2010

Loren P. King of Trinitas Ventures Appointed to Indiana Apartment Association Board of Directors

West Lafayette, Ind. (March 22, 2010) – Loren P. King, chief operating officer and general counsel for Trinitas Ventures, LLC and has been appointed to the board of directors of the Indiana Apartment Association (IAA).

IAA is a trade organization that plays a paramount role in representing the multi-family housing community at the local, state and national levels. Currently, the IAA represents more than 20,000 units throughout Indiana as well as members in eight affiliated chapters and councils. The association provides property owners and management companies with a constructive force through which to work together for the betterment of the industry.

King leads Trinitas’ business operations, including its real estate development, investor and lender relations, legal strategy, and property management operations. Prior to founding Trinitas, he served as a corporate law attorney for Frost Brown Todd, a mulit-state, full-service law firm. In this role, King focused on new ventures and emerging business as well as employee benefits law and executive compensation. King is a graduate of the Indiana University School of Law and earned a master’s 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’s of arts degree in economics from DePauw University.

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, including properties in West Lafayette, Indianapolis, and Bloomington, Indiana, as well as Champaign, Illinois. 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.