Connect Media > Washington, D.C. News > D.C. Metro News > Blue Ocean Divests from 235-Unit Baltimore MF Property

December 1, 2020 Comments Off on Blue Ocean Divests from 235-Unit Baltimore MF Property Views: 514 D.C. Metro News, Washington, D.C. News

Blue Ocean Divests from 235-Unit Baltimore MF Property

Order Reprints...

Maryland-based real estate investment firm Blue Ocean has announced the sale of The Falls at Roland Park, a 235-unit multifamily community in Baltimore’s Roland Park submarket. The sales price and seller were not disclosed.

Blue Ocean acquired the property in July 2016 and implemented a large-scale rebranding and improvement to the community over several years. The property was formerly known as Belvedere Towers.

Alan Isenstadt of KeyBank Real Estate Capital arranged bridge loan financing to Blue Ocean as well as the subsequent Freddie Mac financing for the undisclosed buyer.

Connect With KeyBank’s Isenstadt

Connect With Blue Ocean

Subscribe to Connect Daily National

For comments, questions or concerns, please contact David Cohen

Tags:

Comments are closed.