Summary:
- Coastal Ridge Real Estate acquired Campus Court, a 398-bed student housing property near the University of Kentucky, expanding its value-add investment strategy focused on flagship public universities with growing enrollment.
- The acquisition is the fourth asset added to Coastal Ridge Value-Add Student Housing Fund LP, the firm’s first institutional commingled fund, with financing arranged by JPMorgan Chase through TSB Capital Advisors.
- Campus Court, 99% occupied at sale, adds a Southeastern Conference university market to Coastal Ridge’s portfolio amid rising institutional interest in student housing as a stable asset class tied to enrollment growth.
Original article:
https://www.mychesco.com/a/news/business/tsb-realty-closes-another-major-student-housing-deal/
