Photo Release -- Trinitas and Harrison Street Complete The Collegiate Near Virginia Commonwealth University

Photo Release -- Trinitas and Harrison Street Complete The Collegiate Near
Virginia Commonwealth University

LAFAYETTE, Ind., Jan. 8, 2013 (GLOBE NEWSWIRE) -- 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
 Trinitas and Harrison Street Complete
 The Collegiate Near Virginia
 Commonwealth University

A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=16488

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.

The Trinitas Ventures LLC logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=16370

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.

CONTACT: Kelly Rice
         Treefrog Marketing & Communications
         (765) 588-5808
         krice@treefrogmarketing.com

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