Coast Equity Partners Announces New Partnership to Support College-Bound High School Students
Coast Equity Partners, a 30+ year old privately owned real estate company, has launched a partnership with co-founders, Tom Hoban & Shawn Hoban, to support college-bound high school students residing in its apartment portfolio through The Pivot Point Project: https://hobanfamilyoffice.com/the-pivot-point-project/
“We are committed to favorably affecting the lives of our residents,” says Mike Harmon, President of Coast Equity Partners. “Our partnership with The Hoban Family Office and their Pivot Point Project will change the trajectory of young lives forever. We’re very excited.”
Coast Equity Partners has a proven track record of purchasing attractive multi-family properties in the Western United States at favorable prices and optimizing their financial performance via improved property management, resident services, operating efficiencies and cost controls. It meticulously cares for every property and is dedicated to providing enhanced amenities or unit upgrades for residents.
Coast seeks properties in secondary and tertiary submarkets attached to primary Western U.S. market areas where there is a gap in supply vs. demand and where there are existing transportation, employment, entertainment and retail options available. Additional considerations include diversity of employment/base economy, population changes and household formation and household income.
The company’s excellent track record is based on leveraging the Coast Group of Companies’ $4 billion in assets under management, 500+ employees, and expertise in property management, construction services and facilities management. To date, the company has purchased 13 projects and exited four. The current portfolio includes nine projects with 1,283 multi-family units with current market value of $289,000,000.