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CAPREIT Picks Up Florida College Student Housing Project
CAPREIT acquired Coastal Village, a 200-home, 800-bed student housing community in south Fort Myers.
Situated at 19401 Skidmore Way, Coastal Village sits within a quick commute to Florida Gulf Coast University, a Division I college attended by approximately 16,000 students. CAPREIT’s acquisition of the off-campus community represents the company’s entry into the student housing sector.
Coastal Village, originally built in 2004, is a pet-friendly community that offers fully furnished homes, each with four private bedrooms. Community amenities include an outdoor swimming pool, fire pit, resident lounge, coffee bar, private study spaces and an on-site fitness center. Apartment homes include private patios or balconies.
With a portfolio mostly composed of market-rate and workforce apartments, CAPREIT has recently expanded into new verticals. Prior to joining the student space, the company entered the single-family, build-to-rent sector with the 2024 acquisition of Baldwin Chase in Greenville, S.C.
- ◦Sale/Acquisition
