Bonaventure Acquires Ownership Interest in Crescent at Chevy Chase from Landmark Realty
Bonaventure and Landmark Realty partner on the 2024-built, 111-home community adjacent to the future Connecticut Avenue
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ALEXANDRIA, Va. and CHEVY CHASE, Md., Aug. 19, 2026 (GLOBE NEWSWIRE) — Bonaventure, an operator-led multifamily real estate investment firm with approximately $2.9 billion in assets under management (AUM), today announced that it 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 the property.
Bonaventure’s investment was made through Bonaventure Multifamily Income Trust (BMIT®), a non-traded real estate investment trust sponsored by Bonaventure. Bonaventure has assumed asset management of the community, and Willow Bridge Property Company has been engaged as the property manager. Landmark Realty, which designed, developed and has operated Crescent since its delivery, remains a partner in the ownership group. Terms of the transaction were not disclosed.
“My family has owned this site for 50 years, and I am enormously proud of its transformation from the original garden apartments into the award-winning, Class A community that is Crescent at Chevy Chase,” said Rob Bindeman, President of Landmark Realty, Inc. “It took tremendous perseverance to overcome the headwinds we faced throughout the development process and bring our vision to life. I am proud of what we built and the outcome we achieved, and I am confident in Bonaventure and Willow Bridge as the next stewards of Crescent.”
“Crescent at Chevy Chase is a community we intend to own for a very long time,” said Dwight Dunton, Chief Executive Officer of Bonaventure. “It is about 15 miles from our headquarters in Alexandria, in a corridor we have followed for years and know well. Rob and the Bindeman family built something special here over five decades and we intend to continue to take great care of the property and the community he has built.”
Delivered in 2024, Crescent at Chevy Chase comprises 111 apartment homes, averaging 846 square feet across studio, one-bedroom, two-bedroom and three-bedroom floor plans. Residences feature in-unit washers and dryers, quartz and granite finishes and stainless-steel appliances, and community amenities include a rooftop deck overlooking the Columbia Country Club golf course and structured parking. The community was constructed to the National Green Building Standard (NGBS) Emerald specifications.
The property sits directly adjacent to the future Connecticut Avenue station on the Maryland Purple Line, which is currently under construction and expected to open in late 2027, and offers direct access to the Capital Crescent Trail. It is within walking distance of Chevy Chase Lake and Lake West Shopping Center and minutes from downtown Bethesda and Friendship Heights.
“Crescent is a strong addition to the BMIT portfolio,” said Jimmy Parker, Director of Investments at Bonaventure. “Rob was a pleasure to work with throughout the process, as were Jorge Rosa and the Cushman & Wakefield team. We value the opportunity to work with their team again, and I suspect this won’t be our last transaction together.”
Jorge Rosa, Marshall Scallan, TJ Liberto, Mac Hollensteiner and Jack Hillman of Cushman & Wakefield advised Landmark Realty. Cushman & Wakefield and Greystone arranged financing for the transaction. Williams Mullen served as legal counsel to Bonaventure and Blank Rome LLP served as legal counsel to Landmark Realty.
About Bonaventure
Bonaventure is an operator-led real estate investment firm specializing in multifamily assets across the Mid-Atlantic and Southeast regions. With over $2.9B in assets under management and a 26-year track record, Bonaventure offers investment opportunities built on strong investment performance, significant principal alignment, tax efficiency, and long-term compounding. Our owner/operator model, deep real estate expertise, and experience-backed decision-making empower investors to achieve stable returns and grow their wealth. Bonaventure’s comprehensive capabilities span development, asset management, property management, and design, delivering solutions that meet the needs of high-net-worth individuals, RIAs, broker-dealers, and family offices. For more information, please visit bonaventure.com.
About Landmark Realty, Inc.
Landmark Realty is a real estate development and property management company with its headquarters in Chevy Chase, Maryland. Built on a proud history of construction, property renovations, and property management that span five generations of the Bindeman Family, Landmark is proud to celebrate over 60 years of serving apartment residents. Landmark Realty currently offers apartments for rent in Washington D.C. and Montgomery County, MD. For more information, please visit landmarkdmv.com
Media Contacts
Bonaventure
Shreena Saheba, Akrete Communications
shreena.saheba@akrete.com
Landmark Realty, Inc.
Melanie McKee, BV Agency
melanie@bvagency.com
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