Trinitas and Harrison Street Break Ground at Kennesaw State

Trinitas and Harrison Street Break Ground at Kennesaw State 
LAFAYETTE, IN -- (Marketwire) -- 12/11/12 --  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 i
n 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. 
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Contact:
Kelly Rice
Treefrog Marketing & Communications
(765) 588-5808
krice@treefrogmarketing.com 
 
 
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