Forbright Bank Acquires Chase Tower in Chevy Chase with R3 Ventures as Asset Manager
Forbright Bank has acquired Chase Tower in Chevy Chase, Maryland, with R3 Ventures serving as asset manager. The 12-story, Class A mixed-use property will be managed by R3 Ventures, while JBG SMITH will act as property manager. The acquisition is expected to enhance Forbright Bank's presence in the Bethesda-Chevy Chase market.
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Topics: asset management partnership commercial property corporate expansion real estate acquisition