GOLDSTAR GROUP ACQUIRES MARYLAND APARTMENTS FOR $43M

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ODENTON, MD. — The Goldstar Group has purchased Shelter Cove Apartments, a 300-unit multifamily community in Odenton, for approximately $43 million. The apartment community is located at 537 Tranquil Court about three miles from Fort Meade, the fourth-largest military base in the United States. The property includes a clubhouse, outdoor swimming pool, 24-hour fitness center, children’s playground and tennis courts. Clifford Mendelson of Metropolis Capital Finance arranged private equity for the transaction, while Adam Randall of Berkeley Point Capital arranged debt financing through Freddie Mac. Robin Williams and Dean Sigmon of Transwestern represented the seller in the transaction.

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