December 1, 2020
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.
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Tags: Apartments & Multifamily