Lexington, Ky. — The project is the fourth partnership between Trinitas and Harrison Street.
Lexington, Ky. — Trinitas Ventures has begun construction of an urban infill redevelopment in Lexington, Ky. The Collegiate on Angliana, a 278-unit, 699-bed property with an anticipated opening date of August 2013, will serve students attending the University of Kentucky (UK).
The Collegiate is one mile northwest of UK’s main campus and is within walking distance to downtown Lexington and Rupp Arena. The student housing property provides a number of amenities, including a 6,500 square-foot clubhouse; a pool; hot tub; basketball, bocce, and 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.
Construction financing has been provided by Key Bank. This is the first construction loan financed by Key Bank for Trinitas’ student housing developments.