National Real Estate Advisors has held the grand opening of Bainbridge Bethesda Apartments, a luxury, LEED Silver certified community in Bethesda, Maryland.
The property is owned on behalf of National’s open-end, build-to-core fund, in joint venture with developer The Bainbridge Companies.
Bainbridge Bethesda Apartments, which began construction in summer 2011, has 7,200 square feet of ground floor retail space, 200 luxury rental units of which 30 are affordable, and 211 below-grade parking spaces.
The building is designed to achieve LEED Silver Certification and includes the latest building technology and energy management systems.
National Real Estate Advisors’ president and chief executive, Jeffrey Kanne, says: “Bainbridge Bethesda is a lifestyle residence like no other in the market and a great addition to our portfolio. We focus on investing in modern, state-of-the-art projects in urban areas that can provide our investors with solid returns from stabilized core assets.”