CoastOak Group has been engaged as the development manager and operator for LandCap Partners, a partnership between Goldman Sachs & Co. through its Whitehall Street Real Estate Funds and Northstar Realty Finance Corp. LandCap owns a portfolio of residential land investments located in Denver, Chicago, Orlando and Ocala, FL, Atlanta and Spartanburg, SC.
“We are very excited to be working with Goldman Sachs and Northstar,” said Don Carroll, Managing Principal of CoastOak. “We’re looking forward to helping them maximize the value of their investment while also bringing new life to these communities.”
LandCap’s portfolio was acquired in 2007 and 2008. CoastOak will engage in re-entitlement efforts, community enhancement and maintenance, and launching new homebuilder programs within the communities.