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Columbus, Ohio – Coastal Ridge Real Estate Partners, LLC, a national real estate and investment management firm, has announced plans to expand its headquarters with a new office in Downtown Columbus, creating 80 new jobs over the next three years. The national multifamily asset manager revealed hiring for accounting, finance, investment, development, IT, marketing and asset management positions will begin in Q1 2020.
Coastal Ridge Real Estate plans to expand its Columbus headquarters with a new 20,000-square-foot office at 80 on the Commons, a mixed-use development at 80 E Rich Street. The company currently has 75 headquarters employees and expects to take occupancy by early spring 2020. Talent attraction and availability were key drivers behind the company’s decision to continue expanding in Columbus.
“Coastal Ridge got its start in Columbus, so it is especially exciting to share our success and growth with the community that helped make our success possible,” said Coastal Ridge Managing Partner Andy Lallathin. “Our expansion into a state-of the-art, modern office will allow us to double the headcount at our headquarters, utilizing the Region’s exceptional talent pool as we continue to grow.”
Named an Inc. 5000 company four times since 2015, Coastal Ridge is experiencing tremendous growth. The company manages a multifamily, student, senior and market rate housing portfolio nationally with total assets of over $2 billion across 32 markets in the U.S.
“Coastal Ridge’s start-up and continued growth is emblematic of the entrepreneurial spirit Columbus is proud to foster,” said Columbus Mayor Andrew J. Ginther. “The company’s homegrown success is critical to the health and long-term prosperity of the city, as well as our broader Region.”
Coastal Ridge joins some of the world’s most recognizable brands—Scotts, DSW, Express and Abercrombie & Fitch—in choosing the Columbus Region for its headquarters. The Region is home to 15 Fortune 1000 companies and several Fortune 500 companies, such as Nationwide, L Brands, AEP and Cardinal Health. The city of Columbus is located in Franklin County, which is home to an estimated 1,310,300 residents.
“The Columbus Region offers top-notch talent and rapid growth potential allowing fast-growing, innovative companies like Coastal Ridge to find success in Central Ohio,” said JobsOhio Vice President and Head of Economic Development Dana Saucier. “Coastal Ridge’s decision to expand in the Columbus Region will double the number of its associates, bringing 80 new jobs to downtown Columbus.”
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About Coastal Ridge Real Estate Partners, LLC
Coastal Ridge Real Estate is a full-service investment management firm focused on the multifamily real estate sector. Coast Ridge focuses on acquiring, developing and managing niche multifamily real estate assets, including student housing, senior housing and market rate housing located throughout the U.S. Supported by a team of over 500 real estate professionals, the firm has offices in Santa Monica, California and Columbus, Ohio. Its owned, joint-ventured, and third-party managed portfolio includes approximately 20,000 conventional units and student beds in 32 distinct markets across the country, with assets under management totaling over $2 billion. Learn more at https://coastalridge.com.
About the City of Columbus, Ohio
The City of Columbus is the 14th largest city in the United States with a population of 879,170 residents. The Columbus economy is balanced with a combination of education, technology, government, research, insurance and health care entities as major employers within the City. Columbus is gaining nationwide recognition for its booming downtown, historic neighborhoods, arts and sporting districts, open attitude and a noticeably affordable quality of life. Learn more about the City of Columbus at columbus.gov/development/Economic-Development.
About One Columbus
As the economic development organization for the 11-county Columbus Region, One Columbus’ mission is to lead a comprehensive regional growth strategy that develops and attracts the world’s most competitive companies, grows a highly adaptive workforce, prepares our communities for the future, and inspires corporate, academic and public innovation throughout the Columbus Region. One Columbus expertly guides companies through the location decision process. Through strategic business outreach and customized research, the One Columbus team leverages public, private and institutional partnerships to grow the Columbus Region’s economy and strengthen its national and international competitiveness. Funding is received from more than 300 private organizations, local governments, academic institutions and JobsOhio. Learn more at ColumbusRegion.com.
One Columbus Media Contact
Amy Harman
614-225-6070
ah@columbusregion.com
Coastal Ridge Media Contact
Kellie Fiorello
614-339-4608 x6006
kfiorello@coastalridgere.com