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Blue Ocean acquires multifamily property in Joppa, Md., for $37.5M

Blue Ocean Realty paid $37.5 million for the 417-unit Homes of Towne Plaza multifamily asset in Joppa, Md., the Baltimore Business Journal reported, citing a company official.

The 1964-built, 40-acre class C property at 311 Trimble Rd. was acquired from Weiss Brothers LLC.