TSB Realty was engaged by Coastal Ridge Real Estate to sell The Park on Morton in Bloomington, Indiana, via an off-market process directly approaching known core buyers of student housing. TSB Realty secured multiple offers for the property from proven buyers. The property was successfully sold in 2018 to affiliates of The Preiss Company and TH Real Estate. Preiss will manage the property. TSB Realty had previously sold the property to Coastal Ridge Real Estate, and TSB Capital Advisors was involved in securing the debt and JV equity for the original developer.
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