iAFG (Quebec) and Coastal Ridge Real Estate (Columbus, Ohio) Acquire Two U.S. Student Housing Properties
May 30, 2019 – iA Financial Group (iAFG) and Coastal Ridge Real Estate (Coastal Ridge) announced today that they recently completed the acquisition of a two-property student housing portfolio totaling 555 beds. The properties consist of The Overlook and Irish Flatswhich are both located on the campus of the University of Notre Dame.
The transaction represents the first investment completed by a recently formed joint venture between affiliates of both Coastal Ridge and iAFG.
Coastal Ridge was advised by Saker Capital in connection with this transaction.
About Coastal Ridge Real Estate
Coastal Ridge Real Estate Partners is a full-service real estate investment firm executing on core, core plus, value add, and ground up development investment strategies in the multifamily real estate asset class. The firm’s vertically integrated platform includes divisions to oversee investment management, property management, and development. Our current portfolio comprises approximately 20,000+ conventional apartment units and student housing beds across the country, with assets under management totaling over $2 billion.
Founded in 1892, iA Financial Group offers life and health insurance products, savings and retirement plans, RRSPs, mutual and segregated funds, securities, auto and home insurance, mortgages and car loans and other financial products and services for both individuals and groups. Responsible for the administration and management of over $172.9 billion in assets, our publicly-listed company ranks among Canada’s largest and most prominent insurance companies. iA Financial Group stock is listed on the Toronto Stock Exchange (TSX) under the ticker symbol IAG.