Coastal Ridge Real Estate and Goldman Sachs Asset Management’s Real Estate team have closed on their acquisition of the Commons at Sawmill, a 448-bed student housing community serving students at Northern Arizona University in Flagstaff, Ariz. Coastal Ridge currently manages more than 23,000 student housing beds throughout the country.
The Commons at Sawmill features studio, two-, and four-bedroom fully furnished units within walking distance to Northern Arizona University’s campus. Residents have access to a newly built clubhouse, fitness center, game area, theater, study lounge and outdoor courtyard.
“We continue to grow our student housing footprint with the acquisition of the Commons at Sawmill,” said Dan Dooley, managing director of investments at Coastal Ridge. “This property supports our investment objectives of acquiring quality purpose-built student housing assets, in fundamentally sound markets with strong state demographic trends. Additionally, we
