News and research before you hear about it on CNBC and others. Claim your one week free trial for StreetInsider Premium here.
Columbus, Ohio, Aug. 31, 2022 (GLOBE NEWSWIRE) — Columbus, Ohio – Coastal Ridge Real Estate (“Coastal Ridge”), a national multifamily investment, management and development company, today announced that it continued to expand its Stillwell brand with a new project in central Ohio. The company will build 230 homes for rent (“BFR”) in Jerome Village, a community planned by Nationwide Realty Investors.
Jerome Village offers a wide range of housing styles and options to meet the growing population and housing needs of Central Ohio. The community includes over 700 acres of parks and green space with a network of walking and nature trails connecting to Glacier Ridge Metro Park.
“The Stillwell brand complements the lifestyle offered at Jerome Village,” said Jerimi Nuckolls, Director of Development at Coastal Ridge. “We are excited about our partnership with Jerome Village and Hallstatt Real Estate Partners on this project and look forward to welcoming our first batch of residents to our community in 2023.”
Coastal Ridge launched the Stillwell brand earlier this year with Stillwell Wellen Park and Stillwell Avery Center, BFR projects in Sarasota, Florida and Round Rock, Texas, respectively.
“We’ve been looking forward to the day when we can announce the Stillwell brand is coming to the Central Ohio community,” said Andy Lallathin, co-founder and managing partner of Coastal Ridge. “With so many members of our Coastal Ridge team located in central Ohio and our headquarters located in downtown Columbus, this project is of particular importance to our organization and our development team.”
Stillwell Jerome is being developed through a joint venture partnership with Halstatt Real Estate Partners and Coastal Ridge, with Columbus-based Hallmark Construction as the contractor.
Stillwell Jerome will be located in the Fairbanks School District and will feature one-, two-, and three-bedroom homes with private first-floor entrances and individual backyards. Residents will have on-site access to a resort-style swimming pool, state-of-the-art clubhouse, walking paths, outdoor seating areas, and fitness center.
A groundbreaking ceremony is scheduled for September 22 at the site.
About Coastal Ridge Real Estate
Based in Columbus, OH, Coastal Ridge Real Estate is a full-service real estate investment and management firm executing core, core plus, value-added and core development strategies in the property class. multi-family real estate assets. The company’s vertically integrated platform includes divisions responsible for overseeing investment management, property management and development. Coastal Ridge’s current portfolio includes over 35,000 conventional apartments and student housing across 53 distinct markets, with assets under management totaling over $4 billion. Coastal Ridge has been recognized as one of America’s 5000 fastest growing private companies five times. For more information, visit www.coastalridge.com.
Created by Coastal Ridge, Stillwell is an innovative multi-family housing concept in the rental construction industry. This innovative product known as a horizontal apartment or cottage community consists of single-family, self-contained, one- or two-story residential homes with private courtyards, utilizing shared parking similar to a typical garden apartment layout and featuring outdoor parking spaces. programmed equipment. This product offers a new option for residential living, offering the privacy of a single-family home, along with the conveniences, professional management and ease of living of a traditional apartment community. For more information, www.livestillwell.com.
About Halstatt Real Estate Partners
Halstatt Real Estate Partners (“HREP”), a women-owned real estate private equity firm, has been involved in the acquisition and development of over $1 billion in Southeast-based real estate assets since 2011. Founded by the Sproul family, based in Naples, Florida, and a proud part of the Barron Gift Collier heritage in Southwest Florida, HREP invests in mid-market, value-added commercial and residential real estate projects and opportunists. HREP works with the best local and regional operating partners to maximize the value of its real estate investments. HREP invests alongside a cross-section of fund-to-fund institutional limited partners, including charitable foundations and endowments, domestic and international family offices and corporate pension funds with a history of continuity. www.halstattrealestate.com
Stillwell Jerome aerial rendering
Hilary Marshall Coastal Ridge Real Estate 614.368.8016 [email protected]
Source: Coastal Ridge Real Estate