Summary:
- TSB Realty LLC successfully completed the sale of Campus Court, a 238-unit, 398-bed student housing property located near the University of Kentucky in Lexington, Ky. Coastal Ridge Real Estate purchased the property from an undisclosed seller.
- Campus Court is the fourth asset acquired by Coastal Ridge Value-Add Student Housing Fund, LP, the firm’s inaugural institutional commingled fund.
- In addition to TSB Realty brokering the sale, TSB Capital Advisors arranged the acquisition financing through J.P. Morgan’s Real Estate Banking, which provides customized financing and payments solutions to the top tier of commercial real estate owners, developers, investors, operating companies, investment funds and trusts.
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