TSB Realty Closes Campus Court Sale as Coastal Ridge Expands Student Housing Fund Near University of Kentucky

PAOLI, PA — May 19, 2026 — TSB Realty has completed the sale of Campus Court, a 238-unit, 398-bed student housing community located approximately a half-mile from the University of Kentucky in Lexington, Kentucky. Coastal Ridge Real Estate purchased the property from an undisclosed seller, marking the fourth acquisition for Coastal Ridge Value-Add Student Housing Fund, LP, the firm's inaugural institutional commingled fund.

In addition to TSB Realty brokering the transaction, TSB Capital Advisors arranged the acquisition financing through JPMorgan's Real Estate Banking division, which provides customized commercial real estate financing solutions to owners, developers, investors, operating companies, investment funds, and trusts.

Deal Details

Campus Court was originally constructed in 1988 and expanded with additional townhome-style units in 2008. The property offers a mix of one- through three-bedroom floor plans totaling 398 beds across 238 units. At the time of the transaction, the community was 99% occupied.

Unit interiors feature stainless-steel appliances, in-unit washer and dryer, hardwood-style flooring, and keyless entry. Community amenities include a resort-style pool and lounge deck, fitness center, basketball court, dog park, tanning beds, private study rooms, a barbecue and picnic area, and a TV lounge and game room.

Financial terms of the transaction, including sale price and loan amount, were not disclosed.

"Campus Court is another outstanding addition to Coastal Ridge's portfolio — a strategically located property with significant upside, serving a highly desirable SEC school with record-breaking enrollment," said Tyler Martin with TSB. "It was a pleasure for TSB Realty and TSB Capital Advisors to work with Coastal Ridge and J.P. Morgan to get this deal done."

Coastal Ridge's Student Housing Strategy

Columbus, Ohio-based Coastal Ridge Real Estate is a vertically integrated investment firm focused exclusively on student housing and multifamily real estate across the United States. Founded in 2013, the firm maintains offices in California and Florida in addition to its Ohio headquarters, and manages a portfolio of more than 45,000 units and student housing beds, with over $6.0 billion in managed assets.

Campus Court represents the fourth asset acquired through the Coastal Ridge Value-Add Student Housing Fund, LP, the firm's first institutional commingled fund vehicle.

"The acquisition of Campus Court aligns with our core focus of acquiring properties at flagship state universities with growing enrollment, at an attractive basis with compelling market positioning," said Rick Travis with Coastal Ridge. "We are excited to add the University of Kentucky and another SEC school to our Fund's portfolio."

TSB Realty and TSB Capital Advisors

TSB Realty served as the investment sales broker on the transaction. The Paoli, Pennsylvania-based firm specializes in the valuation and disposition of student housing and conventional multifamily communities. Since its founding in 2014, TSB Realty has closed more than $11 billion in student housing sales, representing over 120,000 beds across markets ranging from tier-one to tertiary.

TSB Capital Advisors, which arranged the acquisition financing through J.P. Morgan's Real Estate Banking group, is headquartered in Phoenix, Arizona, with additional offices in Paoli, Pennsylvania, and Dallas, Texas. The firm focuses on student housing and multifamily real estate advisory services. Since its founding in 2009, TSB Capital Advisors has closed more than 550 transactions totaling over $80 billion in student housing and multifamily deals.

Sources

TSB Realty — Campus Court Transaction Announcement (May 19, 2026)