Columbus Nova MB Invests in Louisiana State University’s Arlington Townhomes
Columbus Nova MB (“CNMB”) is pleased to announce a preferred equity investment supporting the acquisition of Arlington Townhomes – a brand new, cottage-style student housing community serving students attending Louisiana State University. With 732 beds, Arlington Townhomes offers best-in-class amenities that include a resort-style pool with outdoor grills and TVs, a sand volleyball court, state-of-the-art indoor-outdoor gym and yoga studio, and individual and group study rooms with complimentary computers and printers.
Brant Murdock, Principal at Columbus Nova MB noted, “These homes and this community are truly unique in the market, and the student’s strong desire to live at Arlington Townhomes reflects that reality. We are pleased to be a part of this acquisition and look forward to the asset’s continued success.”
Patrick McBride, a Managing Partner at Coastal Ridge Real Estate Partners commented, “We are extremely excited about this community and Columbus Nova MB’s preferred equity investment in it. As with our previous collaborations, we enjoyed working with Brant and the CNMB team, and look forward to additional partnership investments as we move into 2017 and beyond.”
Amos Beason, Partner at Columbus Nova MB, concluded, “We expect demand for preferred equity to increase in 2017 and we have a strong pipeline of opportunities which we will sort through in the coming months.”
Please visit http://liveatarlington.com/ for more information on this community. For more information on Columbus Nova MB please visit http://www.columbusnovamb.com/ or contact Amos Beason +1 (704) 285-7750 or Aldo Martinez at +1 (704) 285-6533
Columbus Nova MB LLC, with offices in Charlotte, New York, manages portfolios of real estate assets for a variety of investors on a separate account basis. CNMB’s Advisory Group serves middle market businesses by providing buy and sell-side, capital formation and restructuring services on a fee basis. CNMB also manages the Baikal Program, which makes equity investments in growing businesses and middle market private equity funds.
About Coastal Ridge
Coastal Ridge Real Estate is a full service real estate investment firm established to leverage the operational platforms, industry networks, and skill sets of our principals in order to successfully execute on a core, core plus, and light value add investment strategy in the student housing, senior housing, and conventional multifamily real estate asset classes. The firm’s vertically integrated platform includes transaction services, asset management, and property management. Coastal Ridge’s portfolio currently includes approximately 9,000 student housing beds and nearly 3,000 conventional apartment units across the country, with assets under management totaling over $900 million. Headquartered in Columbus, Ohio with a West Coast office in Malibu, California, Coastal Ridge is led by a team of over 300 real estate professionals. The firm was named to the 2015 and 2016 Inc. 5000 lists of Fastest-Growing Private Companies in America, and was honored as one of Columbus’ Fastest Growing Companies in Central Ohio by Columbus Business First in 2015 and 2016.