National Real Estate Advisors, LLC (National) recently celebrated the grand opening of Bainbridge Bethesda Apartments, a luxury, LEED Silver certified community in Bethesda, MD. 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, boasts 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 CEO, Jeffrey Kanne, said “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.”
ABOUT NATIONAL REAL ESTATE ADVISORS
National Real Estate Advisors has more than $2 billion in assets under management for pension plan sponsors, investing in major U.S. urban markets using a build-to-core strategy. The company undertakes large-scale development and redevelopment projects in an open-end build-to-core fund and a separate account, building investment portfolios of stabilized modern property assets—apartment, office, mixed-use, industrial, data centers and hotels—with design features, technological enhancements, and amenities that drive high tenant demand and create value over time. An SEC registered advisor, the firm is a subsidiary of the National Electrical Benefit Fund. For more information, visit www.natadvisors.com
ABOUT THE BAINBRIDGE COMPANIES
The Bainbridge Companies is a fully-integrated family of real estate companies engaged in the development, construction, management and acquisition of residential and commercial real estate, as well as a leading owner, developer and manager of luxury multifamily apartment communities in the eastern United States. Bainbridge strives to provide the highest quality apartment homes within urban and suburban communities, in every market. For more information about The Bainbridge Companies, please visit www.bainbridgecompanies.com.