PAOLI, PA — Coastal Ridge Real Estate has acquired Campus Court, a 398-bed student housing property near the University of Kentucky, expanding a value-add investment strategy focused on large public universities with growing enrollment.
The acquisition marks the fourth property added to Coastal Ridge Value-Add Student Housing Fund LP, the firm’s first institutional commingled fund, according to transaction adviser TSB Realty. The financial terms of the sale were not disclosed.
Campus Court consists of 238 units and 398 beds located roughly one-half mile from the Lexington campus. The property was purchased from an undisclosed seller…