Real Estate

Coastal Ridge Real Estate News to Develop Built-for-Rent Communities in Central Ohio

COLUMBUS, Ohio, Aug. 31, 2022 (GLOBE NEWSWIRE) — COLUMBUS, Ohio – Coastal Ridge Real Estate (“Coastal Ridge”), a national multifamily investment, management and development firm, today announced the announced its continued expansion. Stillwell brand developing a new project in Central Ohio. The company will build his 230 homes for rent (BFR) in Jerome Village, a master-planned community developed by Nationwide Realty Investors.

Jerome Village We offer a wide range of housing styles and options to meet the growing population and housing needs of Central Ohio. The community has over 700 acres of parkland and green space with a network of walking trails and nature trails leading to Glacier Ridge Metro Park.

“The Stillwell brand complements the lifestyle offered at Jerome Village,” said Jerimi Knuckles, Development Director. coastal ridge. “We are enthusiastic about our partnership with Jerome Village and Hallstatt Real Estate Partners on this project and look forward to welcoming the first residents to our community in 2023.”

Coastal Ridge Stillwell Earlier this year, the brand was established at Stillwell Wellen Park and Stillwell Avery Center, BFR projects in Sarasota, Florida and Round Rock, Texas, respectively.

“We were looking forward to the day we could announce that the Stillwell brand was coming to the Central Ohio community. Andy Larracin Co-Founder and Managing Partner of Coastal Ridge. “With so many Coastal Ridge team and his members located in central Ohio, with headquarters in downtown Columbus, this project is particularly important to the organization and development team.”

Stillwell Jerome is being developed in a joint venture partnership with Halstatt Real Estate Partners and Coastal Ridge, and is being contracted by Columbus-based Hallmark Construction.

Stillwell Jerome is located in the Fairbanks School District and features 1, 2 and 3 bedroom homes with private entrances on the 1st, 2nd and 3rd floors and individual backyards. Residents have onsite access to a resort-style pool, state-of-the-art clubhouse, walking trails, outdoor seating areas, and fitness center.

A groundbreaking ceremony is scheduled for September 22 on the site.

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About Coastal Ridge Real Estate

Headquartered in Columbus, Ohio, Coastal Ridge Real Estate is a full-service real estate investment and property management firm that executes core, core plus, value-added, and ground-up development investment strategies in the multifamily real estate asset class. The company’s vertically integrated platform includes divisions that oversee investment management, property management, and development. Coastal Ridge’s current portfolio consists of more than 35,000 traditional multifamily and student housing beds across 53 different markets, totaling over $4 billion in assets under management. Coastal Ridge has been recognized five times as America’s Fastest Growing Private Company by the Inc. 5000. For more information, see: www.coastalridge.com.

About Stillwell

Created by Coastal Ridge, Stillwell is an innovative multifamily residential concept within the rental construction sector. Known as Horizontal Apartments or Cottage Communities, this innovative product consists of detached one- and two-story single-family homes with private yards and shared parking similar to a typical garden apartment layout. and equipped with programmed amenities. This product offers a new option for residential living that offers the privacy of a single family home with the comfort, professional management and livability of a traditional multifamily community. For more information, www.livestillwell.com.

About Halstatt Real Estate Partners

Since 2011, Hallstatt Real Estate Partners (“HREP”), a women-owned real estate private equity firm, has participated in the acquisition and development of over $1 billion in real estate assets based in the Southeast. Located in Florida and part of the legacy of the Barron Gift Collier in Southwest Florida, her HREP invests in mid-market, value-added, opportunistic commercial and residential real estate projects. HREP works with best-in-class local and regional operating partners to maximize the value of your real estate investment. HREP invests with fund-to-fund institutional limited partners, including charitable foundations and endowments, national and international family offices, and corporate pension funds with ongoing history. www.halstattreastate.com

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Hillary Marshall Coastal Ridge Real Estate 614.368.8016 [email protected]

Copyright 2022 GlobeNewswire, Inc.

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