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.

Coastal Ridge Real Estate is moving its headquarters 80 on the Commons, a building it bought in a joint venture with Connecticut-based Starwood Property Trust Inc. last year. The two transactions bring Coastal Ridge to $2.5 billion in assets under management. By the end of this year it expects to grow that number to $3 billion.

South City Partners and ELV Associates have sold WILLIS Avondale Estates, a 197-unit community in Decatur, Ga. The joint venture of Coastal Ridge Real Estate and SEDCO Capital acquired the Class A asset completed in 2019.

Coastal Ridge Real Estate Partners plans to move into new space Downtown as part of an expansion in which total employment at the real estate and investment management firm will double. The company expects to create 80 jobs over the next three years with hiring in accounting, finance, investment, development, information technology, marketing and other jobs expected to begin this winter.

One of the fastest-growing companies in Columbus is moving its headquarters downtown. Coastal Ridge Real Estate has signed a lease for 20,000 square feet in 80 on the Commons, relocating 75 employees from its existing headquarters at 2200 W. 5th Ave. in Marble Cliff. The company said it will create 80 new jobs over the next three years.

Coastal Ridge Real Estate Partners, LLC, a national real estate and investment management firm, has announced plans to expand its headquarters with a new office in Downtown Columbus, creating 80 new jobs over the next three years. The national multifamily asset manager revealed hiring for accounting, finance, investment, development, IT, marketing and asset management positions will begin in Q1 2020.

2200 W. Fifth Ave. is a multi-tenant building near the Dublin and 5th interchange. Coastal Ridge Real Estate uses it as a headquarters today. Columbus-based Coastal Ridge Real Estate has received an incentive to grow its headquarters in Columbus.

Coastal Ridge Real Estate purchased Sterling 920 Terrace, a 260-unit, 775-bed luxury student housing project near Arizona Statement University, in a joint venture with Canada’s iA Financial Group. The sellers were Houston-based The Dinerstein Companies and Chicago-based Harrison Street Real Estate.