Hanover Apartments is a 320-unit garden-style apartment community located at 7232 Hanover Parkway in Greenbelt, Maryland, originally developed as a multi-building residential property designed around a traditional suburban layout. Acquired by Blue Ocean in 2017, the nine-building asset was identified as a value-add opportunity and repositioned through targeted capital improvements and operational upgrades, including enhancements to unit interiors and a comprehensive renovation of community amenities such as the clubhouse, fitness center, and shared spaces. During ownership, the property was stabilized as a large-scale multifamily community with improved quality of life offerings and consistent performance. The asset was ultimately sold and continues to operate as a residential apartment community, maintaining its role as a high-density housing asset within the Greenbelt market.