Columbus realty firm buys local apartments, creates nationwide property management business

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A fast-growing local realty firm acquired property in its backyard, adding to the $175 million in properties it purchased in the second half of the year, prompting it to launch a new business line. Columbus-based Coastal Ridge Real Estate said on Tuesday that it expects to acquire $175 million in new properties in the second half of the year in four states, led by its Malibu, California-based investment team. Among them has been a $40 million deal for an Alabama complex and a $56 million deal in…
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