DRIVEN TO

TRANSFORM

Success is measurable. The Numbers are clear. The Impact is real.

The Numbers

Delivering success over many years, through multiple cycles. To-date, Blue Ocean has raised over $200MM in Investment Capital for our Pursuits and has achieved consistent returns for our Investors. This performance has led to repeat investment from over 90% of our investors historically.

29 . 1 %

Internal Rate of Return (IRR)

On Invested Capital over 3 – 10 year hold periods (net leveraged)

2 . 80 X

Equity Multiple

On Invested Capital over 3 – 10 year hold periods (net leveraged)

86 . 7 %

Value Increase

Above full Capital Stack / “All-in” Basis; Over 3 – 10 year hold period

The Impact

Creating meaningful investments in the local communities we invest in.

4 , 000 +

Homes Renovated

325 +

FTE Jobs Supported / Created

225 +

Local Vendors Hired

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TRELLIS Hunt Valley

Hunt Valley, MD

Acquired in 2021, TRELLIS Hunt Valley is 96-unit garden-style community located in a highly affluent suburb of Northern Maryland. This strong suburban location combines an exceptional business community along with very stable residential and retail. The business plan for repositioning this asset included renovations and modernization to 100% of the unit interiors, complete overhaul of the clubhouse as well as meaningful amenity upgrades.

Average Rent

Pre-Renovation: $1,400
Post-Renovation (underwritten): $1,650
Post-Renovation (actual): $1,745

Rent Premium

$345 PUPM // 24.7%

Start Date

Q1 2021

Completion

Q3 2022

Tap

The Pointe at County Crossing

Harford County, MD

Acquired in 2018, The Pointe at County Crossing is a 466-unit townhome style community is situated in a strong suburban location with access to grey-collared jobs and walkable to quality-of-life retail and top tier schools. The business plan for this asset called for modernization of unit interiors, exterior curb appeal improvements, property-level rebranding, meaningful lease-up with over 40 “down” units and over half of the residents on month-to-month leases.

Average Rent

Pre-Renovation: $845
Post-Renovation (underwritten): $1,043
Post-Renovation (actual): $1,230

Rent Premium

$385 PUPM // 46.0%

Start Date

Q2 2018

Completion

Q4 2020

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The Flats at River Mill

Howard County, MD

Acquired in 2020, The Flats at River Mill is a 144-unit residential community is located in Howard County, widely considered one of the wealthiest demographic markets in the country. The property is situated in a very quiet area with walkable amenities, strong public schools and immediate access to major highway systems. The business plan for this asset called for renovations and modernization of 100% of the unit interiors, installing washers/dryers into each unit, retrofitting the former pool house into a modern Clubhouse/Leasing Center, life safety upgrades as well as property level rebranding and curb appeal improvements.

Average Rent

Pre-Renovation: $1,142
Post-Renovation (underwritten): $1,541
Post-Renovation (actual): $1,602

Rent Premium

$460 PUPM // 40.3%

Start Date

Q1 2020

Completion

Q4 2022