Coastal Ridge Real Estate

Coastal Ridge is proud to manage 11th & Spruce. Located in Downtown St. Louis, this brand new property features luxury studio, 1 & 2-bedroom apartments with high-end finishes. Residents can enjoy the largest fitness center in Downtown St. Louis, including Peloton bikes, an outdoor lounge with a fire pit, and a courtyard with a grilling station and pizza oven. To learn more about 11th & Spruce visit 11thandspruceapts.com. 

Coastal Ridge is proud to announce that John Cusimano, ARM, CRIS has been promoted to Director of Risk Management. John is responsible for managing and identifying financial, safety, and security risks across the company and our communities. John joined Coastal Ridge in 2022 and has made considerable contributions to Coastal Ridge. Please join us in congratulating him on this well-earned promotion!

Coastal Ridge is proud to welcome Buckstone Flats into our multifamily portfolio of managed assets. Buckstone Flats is a 288-unit property located in Obetz, OH. Buckstone Flats features 1-, 2- and 3-bedroom apartments, and residents can enjoy the resort-style pool, fitness center, clubhouse and coffee lounge. To learn more about Buckstone Flats visit: buckstoneflats.com

Coastal Ridge recently welcomed James Gilliland to the firm as Vice President, Asset Management. In his role, James will oversee all asset management and financial planning responsibilities for our multifamily properties primarily in the Midwest and Mid-Atlantic, with business plan’s varying from Core+ to Value-add. Please join us in welcoming James to the team!

Coastal Ridge is proud to welcome Packard into our multifamily portfolio of owned assets. Packard is the original Packard Motor Car Building, representing a historic 151-unit property located in Philadelphia, PA. The acquisition represents the final investment for the Coastal Ridge Founders Fund, LLC.    The building features 1- and 2-bedroom apartments with 13 to 18-foot ceiling heights, and oversized industrial windows. Residents can also enjoy the on-site fitness center, a resident library, game area and on-site indoor parking. To learn more about Packard, visit packard-living.com.

At Coastal Ridge, we understand the impact that housing has on a student’s overall college experience and seek to provide an environment that is fun, inspiring and dedicated to the success of students.  PERE’s (Private Equity Real Estate) recent article titled 'PBSA is shaping the future of student housing' outlines the student housing sector’s current supply/demand dynamics, relative operational intensity, and key themes driving the future of the sector. Consistent with PERE’s view, Coastal Ridge remains bullish on the student housing sector, and we continue to see opportunities where owners/operators can outperform. While our current student housing portfolio continues to exhibit strong double-digit rent growth for the ‘24/’25 AY, we remain focused on providing an affordable option for students compared to newly developed purpose-built accommodations. Our vertically integrated platform consistently seeks to provide high-value accommodations with a large focus on Power 5 universities across the country where we can deliver risk-adjusted returns to investors.   For more information, please feel free to reach out to Jeremy Gorsky at jgorsky@coastalridge.com.

Check out the latest transformation completed by our Capex team, at Arlington Cottages & Townhomes located in Baton Rouge, LA. The team completed a major refresh of the clubhouse that included all new furniture, paint, and light fixtures in addition to adding more seating and private areas throughout the space.

Our Investor Relations team is heading to the Ohio RIA Summit in Columbus this week. Jeremy Gorsky will be speaking on Leveraging Alternative Investments in the Client Relationships panel. Headed to the summit and interested in meeting with Coastal Ridge? Send us a note to schedule a meeting.

Coastal Ridge recently welcomed Matthew Fernandez to the team as Director, Digital Marketing. In his role, Matt will lead a team of best-in-class marketers and execute a comprehensive digital marketing strategy. In this newly created role, Matt will be integral in helping Coastal Ridge achieve its next growth phase. Before joining Coastal Ridge, Matt was the Vice President of Digital Marketing at Poetic, and the Director of Paid Media at Agency FIFTY3. Please join us in welcoming Matt to the Coastal Ridge team!

Check out our latest photos for our build-to-rent development project, Stillwell Jerome, located in Columbus, OH. Stillwell Jerome includes one-, two-, and three-bedroom homes all featuring private entrances and backyards, smart home technology, and designer finishes. The community includes a spacious clubhouse, resort style pool, walking trails and ample greenspace. Learn more about our Stillwell brand and future properties at www.livestillwell.com.