Bonaventure Acquires Ownership Interest in Chevy Chase MF Development
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
Bonaventure has acquired an ownership interest in Crescent at Chevy Chase, a 111-home community at 3929 Landmark Court in Chevy Chase, Maryland, from Landmark Realty, Inc., the Chevy Chase-based firm that developed th…
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