Bonaventure was featured in Connect CRE in an article highlighting the company’s acquisition of an ownership interest in Crescent at Chevy Chase, a 111-home multifamily community in Chevy Chase, Maryland.
The article notes that the community is located at 3929 Landmark Court and was developed by Landmark Realty, Inc., which will remain a partner in the ownership group. Bonaventure’s investment was made through Bonaventure Multifamily Income Trust, the firm’s non-traded real estate investment trust.
Connect CRE also notes that Bonaventure has assumed asset management of the community, while Willow Bridge Property Company has been engaged as the property manager. Terms of the transaction were not disclosed.
Delivered in 2024, Crescent at Chevy Chase includes studio, one-bedroom, two-bedroom and three-bedroom apartment homes averaging 846 square feet. The article also notes that Cushman & Wakefield advised Landmark Realty, while Cushman & Wakefield and Greystone arranged financing for the transaction.
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