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Columbus-based Coastal Ridge Real Estate plans more than $1 billion in acquisitions this year.
The firm, which started as a property management company in Columbus in 2013, has expanded into new markets and segments in recent years.
Jeremy Gorsky, managing director of investor relations, said the firm now has three divisions: investment management; third-party property management; and development, which started in 2021.
Build-to-rent homes have arrived in Central Columbus with Plain City’s first luxury community — Jerome Village.
Stillwell Jerome, a new, built-to-rent community within Jerome Village, is redefining luxury living. The community is currently leasing a total of 230 brand-new (and totally free-standing) 1, 2 and 3-bedroom homes in Plain City.
Tempe, Ariz. — Coastal Ridge has closed on a $130 million recapitalization for Nine20, a 775-bed student housing community located near the Arizona State University campus in Tempe. Through the transaction, Coastal Ridge will remain as owner of the property alongside Virtus Real Estate Capital. Previous, undisclosed investors in the property were bought out. Constructed in 2018, the community offers a mix of studio through five-bedroom units. Shared amenities include a resort-style swimming pool, two-story fitness center, poolside cabanas with hammocks, a grilling area, ‘muscle beach,’ outdoor green space and a private parking garage. TSB Capital Advisors acted as the exclusive financial advisor to Coastal Ridge on the transaction and helped to secure a $78 million loan from SMBC Bank.
A Columbus-based real estate investment and property management firm has hired a new vice president of investor relations.
Ellie Martin joins Coastal Ridge Real Estate from Jones Street Investment. She also held investor relations roles at both TA Realty and Bain Capital Ventures.
A Columbus-based real estate investment and property management firm has appointed a new executive.
Coastal Ridge Real Estate hired Mark Yale as its new chief financial officer, the company announced Wednesday. Prior to joining Coastal Ridge, Yale was executive vice president and CFO of Washington Prime Group, a retail real estate operator headquartered in Columbus. Yale joined Washington Prime following the company's January 2015 acquisition of Glimcher Realty Trust.
A Columbus developer is planning to build 230 homes to be rented out, in what is expected to be the largest "build-to-rent" development of single-family homes in central Ohio.
The company, Coastal Ridge Real Estate, plans to build the homes in the high-end Jerome Village neighborhood in Union County, suggesting that demand for rental homes is economically widespread.
Columbus, Ohio, Aug. 31, 2022 (GLOBE NEWSWIRE) -- Columbus, Ohio – Coastal Ridge Real Estate (“Coastal Ridge”) a national multifamily investment, management, and development firm, announced today that they are continuing the expansion of their Stillwell brand with a new project in Central Ohio. The firm will build 230 build-for-rent (“BFR”) homes at Jerome Village, a master-planned community developed by Nationwide Realty Investors.
Austin, TX, June 16, 2022 (GLOBE NEWSWIRE) -- Coastal Ridge Real Estate (“Coastal Ridge”) a national multifamily investment, management, and development firm, announced today that they are continuing the expansion of their Stillwell brand with a new project in Round Rock, Texas. The firm will build 225 build-for-rent (“BFR”) units within the larger 1,200-acre mixed-use Avery Centre planned unit development.
Coastal Ridge Real Estate (“Coastal Ridge”) and Goldman Sachs Asset Management’s Real Estate team (“Goldman Sachs”) announced today that they have closed on their acquisition of the Commons at Sawmill, a 448-bed student housing community serving students at Northern Arizona University. Coastal Ridge currently manages over 23,000 student housing beds throughout the country.
Coastal Ridge Real Estate, a multifamily real estate investment, and management firm, has broken ground on its first build-for-rent development project, Stillwell at Wellen Park.
Columbus Business First has been recognizing the region’s Best Places to Work for close to two decades, and this year we're also acknowledging commendable work by the people who help create successful workplace cultures with our inaugural HR Impact Awards.
We list Central Ohio's largest commercial property management companies, ranked by total square feet of commercial properties managed in Delaware, Fairfield, Franklin, Licking, Madison, Pickaway and Union counties.
We rank Central Ohio's largest managers of residential properties, including apartments, condominiums and single-family homes. Companies are ranked by total residential units managed in Central Ohio, which includes Delaware, Fairfield, Franklin, Licking, Madison, Pickaway and Union counties.
Schiff Capital Group is wrapping up work on downtown apartments near Topiary Park.
Columbus, Ohio-based Coastal Ridge Real Estate has hired Richard Fleming as vice president of investments in Nashville, according to a statement. Over the next few years, the company expects to complete at least $500 million in apartment purchases.
Coastal Ridge Real Estate, a multifamily real estate investment and management firm in Columbus, Ohio, has surpassed $3 billion in assets under management.
Coastal Ridge Real Estate has surpassed $3 billion in assets under management.
Wilcox Communities is bringing its first multistory apartment complex online in September.
Coastal Ridge Real Estate has been awarded management of a 3,078-bed portfolio serving students attending Virginia Tech University in Blacksburg. The properties, which are owned by San Francisco-based Reliant Group, include Collegiate Suites & Hunters Ridge, Maple Ridge Townhomes and Terrace View Apartments.
While the market will continue to recover through the spring semester, student housing owners are confident that demand and modest rent growth will return in the fall.
The downtown-based real estate operator is preparing to launch a development division to construct its own large-scale rental communities. This marks a major expansion for Coastal Ridge, which until now has bought and managed completed apartment communities.
Developers are eyeing sparsely-populated student housing as an opportunity to create high-end apartments for professionals. According to data from Moody’s, 30 percent of public and private universities in the country are running deficits, the New York Times reported.
Coastal Ridge Real Estate has been awarded management of Elevate Student Living, a four-community portfolio of student housing properties located near Missouri State University in Springfield. The portfolio includes 800 South, Deep Elm, The Jefferson and The Q’ube, all of which offer one-, two-, three- and four-bedroom units alongside shared amenities including a fitness studio, pet park and study lounge.
People are already moving into the project's apartments, and an on-site pub is now welcoming guests.
Coastal Ridge Real Estate has been awarded management of four student housing communities owned by Hallmark Campus Communities. New assignments include West Pine Lofts, a 365-bed community located near St. Louis University in Missouri; University Edge Cincinnati, a 344-bed community serving students attending the University of Cincinnati; University Edge Youngstown, a 546-bed community located adjacent to Youngstown State University in Ohio; and University Edge & Dickinson Lofts, a 413-bed community near East Carolina University in North Carolina.
Cushman & Wakefield has arranged the $43 million sale of Capital Park at 72 West, a 233-unit apartment community located in Huntsville, Alabama. Jimmy Adams and Craig Hey of Cushman & Wakefield represented the seller, Coastal Ridge Real Estate, in the transaction. Timberland Partners acquired the property.
Dan Dooley has joined Columbus, Ohio-based Coastal Ridge Real Estate, a multifamily real estate investment firm with nearly $2.5 billion in assets under management, as managing director of investments.
What are the qualities of a good leader? In ordinary, pre-COVID-19 times, the answer would be easy. A sense of responsibility. The willingness to put the needs of the company, employees and customers front and center. Compassion. Smarts.
Ah the office. For the last two months most of us have not been to our company’s physical headquarters or satellite branches — wherever it was that we would hang our hat during the workday, pre-coronavirus. What those workspaces will look like as we return will undoubtedly be different as social distancing is still necessary. In the long run, it is even more unclear what form those four walls will take.
Coastal Ridge Real Estate has been awarded management of The Standard at St. Louis, a 465-bed student housing community serving St. Louis University in Missouri. The property offers a mix of one-, two-, three-, four- and five-bedroom units. Shared amenities include a resort-style swimming pool, fire pits, an 8,000-square-foot clubhouse, a media room, coffee lounge, private and group study rooms and a fitness center.