Coastal Village apartment complex for FGCU students sells for $72.35M - Gulfshore Business

Coastal Village apartment complex for FGCU students sells for $72.35M - Gulfshore Business

Coastal Village, one of the only three apartment complexes devoted to Florida Gulf Coast University students, just sold for $72.35 million. CAPREIT, a North Bethesda, Maryland-based full-service owner and operator of multifamily apartment communities, bought the 200-unit, 800-bedroom, three-story building from Columbus, Ohio-based Coastal Ridge. “It was 100% leased at closing,” said Jamie May, president of JBM, which brokered the deal. May has b…