CoastOak Group is a privately held real estate development and investment management company founded in 2008 by its Managing Principals, Don Carroll and Greg McGowan. CoastOak focuses its activities on residential, multifamily and mixed-use communities and assets in many of the largest and fastest growing markets across the United States and in certain European markets. CoastOak develops communities, builds homes, invests in multifamily assets, and provides advisory services to capital partners with a focus on debt and equity structures in residential related investments.
CoastOak understands that the creation of distinctive communities requires consideration for our neighbors and residents of the surrounding area as well as sensitivity to the natural environment.
CoastOak teams with strategic financial partners, including a variety of experienced institutional capital providers. We utilize conservative capital structures with minimal leverage. Our current investment partners include Centerbridge Partners, Goldman Sachs & Co. through its Whitehall Street Real Estate family of funds, NorthStar Realty Finance Corp., Fortress Investment Group, Morgan Stanley through its MSREF family of funds, NVR Inc. and a variety of private family offices.
Blackstone is an 897-unit luxury home community in Aurora, CO approximately 10 miles east of Denver, CO. A CoastOak managed venture acquired over 250 finished lots within the community.
Beacon Point is a 710-unit community in Aurora, CO approximately 10 miles east of Denver, CO. A CoastOak managed venture acquired finished lots within the community.
Sereno is a 120 acre, 361-unit subdivision located outside of Orlando, FL. The community features homes ranging in pricing from the $180's to the $260's.
Wildwood is a 130 acre, 396-unit subdivision within the greater Avalon community in McDonough, GA approximately 30 miles southeast of Atlanta, GA.
Settlers Ridge is a 540 acre, 960-unit community in The Village of Sugar Grove approximately 45 miles west of Chicago, IL.
Ingham Park is a 200 acre, 296-unit community in Aurora, IL approximately 45 miles west of Chicago, IL.
CoastOak, in partnership with Irish partners Regency Homes and Avestus Capital and New York based Centerbridge Partners L.P. acquired and are developing residential sites in the greater Dublin area including:
Hollywoodrath is a 455-unit community in Hollystown, West Dublin approximately 15 kilometers northwest of Dublin.
Scholarstown is a 317-unit community in Rathfarnham, Dublin approximately 9 kilometers south of Dublin.
Station Road is a 121-unit community in Portmarnock, Dublin approximately 12 kilometers northeast of Dublin.
CoastOak, in partnership with NVR Inc. and Morgan Stanley, acquired four communities in various Maryland markets.
Greenbelt Station is an 88 acre site located outside of Washington D.C. within the I-495 Capital Beltway in Greenbelt, MD. The site, which is walking distance from the Greenbelt Metro and MARC station, is planned for a transit-oriented residential community consisting of approximately 800 townhomes, condominium units and apartments.
Oak Creek is a 1,100-unit gated golf course community in Upper Marlboro, MD. The community features homes ranging in price from the $300's up to the $800's+.
Fairwood is a 1,799-unit master planned community outside of Washington D.C. in Bowie, MD. The community features homes ranging in price from the $300's up to the $700's+.
The Preserve at Piscataway is a 973-home established master planned community in Accokeek, MD approximately 20 miles south of Washington, D.C. The community features homes ranging in pricing from the $300's to the $400's.
CoastOak, in partnership with Centerbridge Partners, L.P. and Mount Kellett Capital Management, L.P acquired
Stone Hill at Muttontown, a 148-acre, 80-unit luxury custom-home community in Muttontown, New York. The community is located approximately 25 miles east of Manhattan. The community features custom lots ranging in size from 0.5 to 2.7 acres and homes ranging from $2.5 million to $8.0+ million.
Sunset Summits is a 90 acre, 325-unit subdivision in Spartanburg, SC approximately 75 miles west of Charlotte, NC.
In addition to being CoastOak’s headquarters, Dallas-based Cobalt Homes is CoastOak’s Texas home building company focused on building multifamily assets, townhomes and detached homes in urban infill locations of exceptional quality and character. Current projects include the 12 unit Camdale Court on Fitzhugh, the 5 unit Crestfield Place and the 7 home Caxton Court developments.
CoastOak, in partnership with NVR Inc. and Morgan Stanley, acquired six communities in various Northern Virginia markets.
Virginia Manor is a 440 acre, 1,112 lot master planned community in Loudoun County, VA outside of Washington, D.C. The community features homes ranging in base pricing from the $300's to the upper $600's.
West Ridge is a 125 acre, 455 lot master planned community in Loudoun County VA outside of Washington, D.C.
Dawsons Corner is a 225 acre, 224-unit luxury home community in Loudoun County, VA west of Washington, D.C. The community features homes ranging in pricing from the $600's to the $800's.
Kirkpatrick Farms is a 1,144-home master planned community in Loudoun County VA, outside of Washington, D.C. Kirkpatrick Farms was sold out in 2012.
The Village of Idlewild is a master planned community in Fredericksburg, VA. CoastOak's partnership acquired finished lots within the community. The community features homes ranging in pricing from the $200's to $400's.
Lee's Park is a large master planned community consisting of over 2,200 lots in Fredericksburg, VA. CoastOak's partnership acquired finished lots within the community. The community features homes ranging in pricing from the $200's to the $400's.