Ann Arbor, Mich. — Trinitas Ventures is set to break ground on The One, a 682-bed community located near the University of Michigan campus in Ann Arbor. The development will offer one-, two-, three-, four- and five-bedroom, cottage-style units. Shared amenities will include an indoor/outdoor fitness center, a business center, game room, resort-style swimming pool, fire pit, private study lounges, basketball and volleyball courts and a shuttle service to campus. A Trinitas-managed investment entity has provided equity financing for the project, and PNC Bank is providing construction financing. A timeline …
Trinitas
Tempe, Ariz. — Trinitas has acquired a development site located at 707 S. Forest Ave. near Arizona State University in Tempe. The company plans to develop a 530-bed, mixed-use community offering studio, one-, two-, three- and four-bedroom units alongside street level retail. Shared amenities at the development will include a swimming pool, fitness center, collaboration spaces and an open-air skydeck. Equity financing for the acquisition was provided by a joint venture between Trinitas and Harrison Street. Construction financing has been provided by PNC Bank. “We are pleased to continue our …