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Pensam Provides $5M in Preferred Equity for Baltimore Apartments

Real estate multifamily lender and investor Pensam has provided a $5 million preferred equity investment for the acquisition of The Falls at Roland Park, 234-unit apartment community in Baltimore. Blue Ocean recently divested from the property.

Built in 1965, The Falls at Roland Park is located in the Poplar Hills submarket of Baltimore. The property is nearby downtown Baltimore and John Hopkins University, which is the largest employer in Baltimore.

“This unique property provides us with an exciting opportunity to expand our footprint in the Baltimore market,” said Hen Shoval, principal and director of investments at Pensam. “Through the recent market headwinds, Pensam has continued to invest preferred equity for multifamily assets. We are one of the most active preferred equity investors behind Freddie Mac and Fannie Mae senior debt.”

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Financing
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