Belvedere Towers Apartments sells to Baltimore...
Belvedere Towers Apartments sells to Baltimore...
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The Belvedere Towers Apartments in North Roland Park has traded hands for the second time in five years. Baltimore-based Blue Ocean closed Friday on its $30.2 million purchase of the 237-unit building. The sale price breaks down to about $127,400 per unit. Philadelphia-based private equity firm LEM Capital is a partner in the deal. The property last sold to Norfolk, Va.-based Harbor Group International LLC in 2011 for $26.1 million. Built in 1965, the Belvedere Towers sits at the corner of Northern…
from http://www.bizjournals.com/baltimore/blog/real-estate/2016/07/belvedere-towers-apartments-sells-to-baltimore.html?ana=RSS%26s=article_search