KENNESAW, GA—By next summer, students attending Kennesaw State University here will have a new housing option, thanks to Trinitas Ventures LLC and Harrison Street Real Estate Capital. The Lafayette, IN-based student housing and mixed-use developer and the real estate private equity firm teamed up on the Collegiate Towns and Flats, an urban townhouse-style project.

The 274-unit, 736-bed community is slated to open in August 2013. Located immediately east of KSU's main campus, the property is in close proximity to shopping and dining destinations and features large unit designs and townhouse-style apartment features. In addition, students will have access to a variety of amenities such as a 6,360-square-foot clubhouse with 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.

A JV of Trinitas and Harrison Street provided equity financing for the project, which is the fifth such partnership between the two firms and the seventh joint venture. PNC Bank provided construction financing.