Rose Valley Capital Buys Metro Baltimore Community | Multi-Housing News

Investment

by Maria Maruta

The deal brings the company’s portfolio in Maryland to six assets.

Rose Valley Capital has purchased The Crossings at White Marsh Apartments, a 396-unit garden-style community in Perry Hall, Md., bringing its portfolio to a total of six properties across the state. Continental Realty Corp. sold the asset after 12 years under its ownership, according to Yardi Matrix information.

Continental Realty Corp. bought the property in 2014 from Henderson Global Investors for $29.2 million, or $73,547 per unit, the same data provider shows, using a $23 million acquisition loan originated by Capital One.

Read More: https://www.multihousingnews.com/rose-valley-capital-buys-metro-baltimore-community/

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