Ohio firm pays $65.5M for student-housing complex

FORT COLLINS — A real estate investment firm based in Ohio has acquired Aspen Heights, a 712-bed luxury student-housing complex near Colorado State University in Fort Collins.

Costal Ridge Real Estate Partners based in Columbus, paid $65.5 million to Austin, Texas-based Aspen Heights Partners for the off-campus housing units at 530 Lupine Drive, according to public records.

The complex, developed by Aspen Heights Partners, consists of two-, three-, four- and five-bedroom cottage-style apartments and townhomes. They feature open layouts, private bathrooms for all bedrooms, large closets and extra storage space, and washers and dryers.

Amenities…