TEMPE, AZ — Trinitas Ventures, a fully integrated real estate firm committed to enhancing lives by creating exceptional real estate, and Mitsui Fudosan America, its development partner, have officially closed on the land for Astria Tempe, a 27-story mixed-use tower just steps from Arizona State University. The community is slated to welcome its first residents in Summer 2027.
TSB Capital Advisors arranged equity for the development.
“Astria Tempe embodies our vision of creating vibrant spaces that inspire connection and growth,” said Brad Bennett, EVP of Investment Management at Trinitas. “Tempe’s energy and momentum are undeniable, and we’re proud to bring a community to life that supports the way people want to live today and tomorrow.”
This is Trinitas’ first collaboration with Mitsui Fudosan America. Layton Construction Co., one of the nation’s largest builders, will serve as general contractor. BMO Bank is the lender on the project, the bank’s second in the Tempe market with Trinitas. Niles Bolton Associates serves as architect of record. Located on East 7th Street between South College Avenue and South Forest Avenue, Astria Tempe neighbors one of Trinitas’ earlier developments, reinforcing the company’s long-term investment in the area.
The tower will feature a variety of thoughtfully designed studio, one-, two-, and three- bedroom residences. Inside, residents will find high-speed internet and cable, in-unit laundry, hardwood-style flooring, modern kitchens with quartz countertops and stainless- steel appliances, and custom wood finishes. Select homes will include private balconies offering views of the Tempe skyline.
Astria Tempe is more than a place to live, it’s a place to thrive. Residents will enjoy curated amenities including a pool, spa, fitness center, co-working space, social lounges, dog- friendly areas, and ground-floor retail designed to bring people together. Every detail reflects Trinitas’ promise of Exceptional Hospitality. Residents can expect friendly faces who care, fresh spaces that feel like home, and experiences that help residents connect, recharge, and live their best lives.
“This is a community built with integrity and intention,” said Loren King, CEO and co- founder of Trinitas. “We develop with purpose and passion, and Astria Tempe is a reflection of that mindset – from the location and design to the lifestyle we’re creating for future residents. We look forward to welcoming a community of residents who will make this place their own.”
With this second Tempe project, Trinitas continues to expand its presence in the Phoenix metro area, developing communities that are as forward-thinking as the residents who call them home.
About Trinitas Ventures
Headquartered in Indianapolis, IN, with offices in Lafayette, IN and Chicago, IL, Trinitas Ventures is a fully integrated real estate firm specializing in the development and operation of high-quality residential communities. Trinitas has developed over $2 billion in residential communities across the country. Its current pipeline includes more than 15 projects valued at over $1.4 billion. Learn more at www.trinitas.ventures.
About Mitsui Fudosan America, Inc.
Mitsui Fudosan America, Inc. (MFA) is the U.S. subsidiary of Japan’s largest real estate company, Mitsui Fudosan Co. Ltd., a publicly traded company with approximately $62 billion in assets. MFA oversees the company’s real estate investment and development activities in North America and is headquartered in New York, with offices in San Francisco, Los Angeles, Dallas and Honolulu. MFA has been active in the U.S. since the 1970s and currently owns over 4,000 operating apartments, with an additional 7,000 units in development; nearly 10 million square feet of commercial space, with more than 4 million square feet in development; and over 750 hotel rooms.
