Eastern Equity Arranges $12M in Acquisition Equity for 320-Unit Community in Metro D.C.
Wednesday, March 22, 2017
Eastern Equity Advisors has arranged $12 million in equity on behalf of Blue Ocean Realty, a Maryland-based management company, for the acquisition of The Hanover Apartments, with securities offered through Palladium Capital Advisors.
Located at 7232 Hanover Parkway in Greenbelt, Md., a northeastern suburb of Washington, D.C., the garden-style property has 320 units. Marc Belsky of Eastern Equity arranged the equity.
About Eastern Union Funding Founded in 2001, Eastern Union Funding is one of the nation's strongest and most active commercial mortgage brokerage firms and was named byCrain's New York Businessin 2014 and 2015 as one of the top 50 fastest growing companies in NYC. Its award-winning team closes over $3 billion in deals annually, specializing in sophisticated debt and equity solutions for small and mid-sized loans across all property types. Celebrating its 15th year in business, the firm launched its groundbreaking Eastern Union commercial real estate app that serves as a digital toolbox for investors to identify and close deals quickly. It is available in the Apple App Store and via Google Play for Android. Eastern Union is co-headquartered in New York and Howell, New Jersey, with offices in Maryland and Israel. For more information, visit www.easternuc.com.
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