The Magnolia

A 237-unit apartment building in North Bethesda acquired under our multi-family value-add investment program.

Acquired in 2022, The Magnolia is a 21-storey multi-family apartment building located in North Bethesda, Maryland.

Plans for the 21-storey building include investing in upgrades to modernize common areas and improving apartment interiors.

In line with our long-term commitment to sustainability and supply chain diversity, we will implement methods to significantly reduce the building’s carbon footprint and ensure that minority and women-owned businesses are fairly represented in projects relating to the property.  

The property is uniquely situated at the confluence of the I-395, I-270 and Rockville Pike, and is a 0.25-mile walk from the Grosvenor-Strathmore Red Line Metro Station. Ample green space and access to nearby walking and biking trails creates a serene urban retreat for residents. 

Sustainability Impact:

  • We will increase the building's energy efficiencies and align with our Net Zero 2030 carbon commitment
  • Sustainable additions include adding Electric Vehicle charging stations, upgrading to LED lighting, and installing low-flow water fixtures
  • A supply chain diversity program will ensure fair representation of businesses involved in property-related activities


Property type: Multi-family residential

Location: North Bethesda, Maryland

Acquired: 2022

Constructed: 1987

Size: 230,364 sq.ft.  I  237 units

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