Trinitas Breaks Ground on 825-Bed Community Near Indiana University

Bloomington, Ind. — Trinitas Ventures has broken ground on an 825-bed student housing community located near the Indiana University campus in Bloomington. The property will offer a mix of one-, two-, three- and four-bedroom units alongside communal amenities including a clubhouse, study areas, a resort-style swimming pool, an outdoor grilling area and putting green, a fitness center and a yoga studio. Trinitas also formed a partnership with Bloomington Transit for the creation of a dedicated bus line, which will be free to the community’s residents. Equity financing for the project was provided by a joint venture between Trinitas and Harrison Street and construction financing was provided by Fifth Third Bank and First Merchants Bank. A timeline for the development was not announced.