Bonaventure was featured in citybiz in an article highlighting the company’s acquisition of an ownership interest in Crescent at Chevy Chase, a 111-unit Class A multifamily community in Chevy Chase, Maryland.
The article notes that the investment was made through Bonaventure Multifamily Income Trust, the firm’s non-traded real estate investment trust. Landmark Realty Inc., the property’s developer, will retain an ownership interest, while Bonaventure has assumed asset management responsibilities and engaged Willow Bridge Property Company to manage the community.
Located at 3929 Landmark Court, Crescent at Chevy Chase was delivered in 2024 following the redevelopment of a long-held site previously owned by the Bindeman family, which controls Landmark Realty. The property includes studio through three-bedroom apartments averaging 846 square feet, with residences featuring in-unit washers and dryers, quartz and granite finishes and stainless-steel appliances.
citybiz also highlights the property’s location directly adjacent to the planned Connecticut Avenue station on Maryland’s Purple Line, which is expected to open in late 2027. The community also offers access to the Capital Crescent Trail and is within walking distance of Chevy Chase Lake and Lake West Shopping Center.
The article notes that Crescent at Chevy Chase expands the Bonaventure Multifamily Income Trust portfolio with a recently completed asset combining Class A construction, transit accessibility and a location near established Montgomery County neighborhoods and commercial districts.
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