Key Takeaways
- • CAPREIT acquired Bethesda Hill, a 193-unit garden-style multifamily community located approximately 10 miles north of Washington, D.C., continuing the company's active acquisition pace in 2026.
- • The property, situated at 5114 Dudley Lane in Bethesda, Maryland, offers strategic proximity to major employment centers, retail destinations, and transportation corridors including Interstate-270 and I-495, with easy access to downtown Bethesda, Rockville, and Silver Spring.
- • Bethesda Hill features ENERGY STAR certification and modern amenities including a swimming pool with sundeck, fitness center, EV-charging stations, and smart home technology (smart locks, thermostats, and lighting), positioning it as a competitive option in the Washington, D.C. metropolitan rental market.
- • CAPREIT, which operates more than $6 billion in multifamily assets across the United States, continues to expand its portfolio through targeted acquisitions in high-demand markets near major employment hubs.
Summary
CAPREIT, a fully integrated real estate operating company managing over $6 billion in multifamily assets nationally, announced on August 18, 2026, the acquisition of Bethesda Hill, a 193-unit garden-style residential community in Bethesda, Maryland. The property acquisition represents the company's continued expansion strategy during an active 2026 for portfolio growth.
Located at 5114 Dudley Lane, approximately 10 miles north of Washington, D.C., Bethesda Hill offers direct access to major regional employment centers, retail corridors, and transportation infrastructure. The property benefits from proximity to Interstate-270 and I-495, as well as multiple public transportation options, positioning it within commuting distance of downtown Bethesda, Rockville, Silver Spring, and the Washington, D.C. corridor. This strategic location near major employers and highly-regarded schools aligns with CAPREIT's focus on high-demand markets serving the modern renter.
The community features a suite of amenities designed to attract and retain residents, including a swimming pool with sundeck and gazebos, fitness center, community coffee station, and onsite parking with EV-charging stations. Individual units include wood-style flooring, stainless steel appliances, fireplaces, in-home washers and dryers, and private patios or balconies. The property holds ENERGY STAR certification and incorporates smart home technology across units, including smart locks, thermostats, and lighting systems. The pet-friendly community design reflects contemporary resident preferences for connectivity and lifestyle amenities.
Andrew Kadish, CEO and Chief Investment Officer for CAPREIT, stated the company views Bethesda Hill as having strong potential to establish itself as a top-tier living option in the market. The acquisition aligns with CAPREIT's strategy of identifying well-located properties in markets with sustained demand from employers and proximity to urban centers, supporting the company's growth trajectory since its inception in 1993.
Located at 5114 Dudley Lane, approximately 10 miles north of Washington, D.C., Bethesda Hill offers direct access to major regional employment centers, retail corridors, and transportation infrastructure. The property benefits from proximity to Interstate-270 and I-495, as well as multiple public transportation options, positioning it within commuting distance of downtown Bethesda, Rockville, Silver Spring, and the Washington, D.C. corridor. This strategic location near major employers and highly-regarded schools aligns with CAPREIT's focus on high-demand markets serving the modern renter.
The community features a suite of amenities designed to attract and retain residents, including a swimming pool with sundeck and gazebos, fitness center, community coffee station, and onsite parking with EV-charging stations. Individual units include wood-style flooring, stainless steel appliances, fireplaces, in-home washers and dryers, and private patios or balconies. The property holds ENERGY STAR certification and incorporates smart home technology across units, including smart locks, thermostats, and lighting systems. The pet-friendly community design reflects contemporary resident preferences for connectivity and lifestyle amenities.
Andrew Kadish, CEO and Chief Investment Officer for CAPREIT, stated the company views Bethesda Hill as having strong potential to establish itself as a top-tier living option in the market. The acquisition aligns with CAPREIT's strategy of identifying well-located properties in markets with sustained demand from employers and proximity to urban centers, supporting the company's growth trajectory since its inception in 1993.
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