LAFAYETTE, Ind., Aug. 8, 2013 (GLOBE NEWSWIRE) -- Trinitas Ventures and Axiometrics Inc. have reached terms for Axiometrics to acquire Trinitas' comprehensive student housing market research database, which features data from approximately 130 student housing markets, including more than 3,200 properties, 500,000 units and 1 million beds. This acquisition enables Axiometrics to further expand, deepen and enhance its extensive catalogue of student housing data by adding the robust metrics, knowledge and understanding that have been developed by the Trinitas market research team.
Trinitas developed its market research team and supporting proprietary database and software interface in an effort to fully understand each potential market. Trinitas gathers on-campus and off-campus apartment information, state, city and university data as well as analyzes the data and key metrics that indicate attractive student housing markets. "We have used our proprietary market research to find great development opportunities and also to avoid investments in markets that are revealed as unhealthy upon a deeper investigation," explained Loren King, chief executive officer for Trinitas. "Now, what has been our strategic advantage will be available to Axiometrics' clients."
"We appreciate the time and effort it took Trinitas to build such an impressive database, and we are honored that they chose us to carry on their research. We look forward to integrating Trinitas' data to fortify our proprietary and ongoing research in the student housing market. This growth will enable us to better serve our clients," said Kelli Smith, student housing project manager with Axiometrics.
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 more than $80 million in student housing through Q3 2013, is currently completing over $100 million in student housing assets consisting of over 1,400 beds for Fall 2013 completion, and has begun construction this summer of another $100 million in student housing assets consisting of over 1,200 beds for Fall 2014 completion. The privately held real estate development company is headquartered in Lafayette, Indiana. Learn more about Trinitas at www.trinitas-ventures.com.
Axiometrics Inc. has established itself as the leading provider of apartment data and apartment market research, providing accurate and timely performance measures on the US apartment market. Axiometrics is the only multifamily research provider to survey every property in its database at the floor plan level every month. Axiometrics tracks information for more than 200 universities, providing highly detailed reporting at the university and project level. Axiometrics tracks 1,230 purpose-built properties totaling 609,363 beds and 3,074 convention properties totaling 713,499 units in student housing markets. Axiometrics Inc. is headquartered in Dallas, Texas. For more information visit http://www.axiometrics.com or follow on Twitter for daily updates on the apartment market www.twitter.com/axiometrics.
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Source:Trinitas Ventures LLC