R3 Ventures, a Washington, D.C.–based real estate investment, development and advisory firm, announced its role as partner and asset manager in Forbright Bank's acquisition of Chase Tower at 4445 Willard Ave. in Chevy Chase, Md. Forbright Bank, the building's anchor tenant and lead investor, brought R3 Ventures into the transaction to co-invest and provide operational oversight of the 12-story, class A mixed-use property.
Leveraging its deep local market knowledge and hands-on operational approach, R3 Ventures will serve as the asset manager for Chase Tower, overseeing leasing strategy, capital improvements and the building's day-to-day performance. JBG SMITH will serve as property manager, providing continuity of service for existing and prospective tenants. Cushman & Wakefield acted as adviser to purchaser, and Eastdil Secured acted as adviser to seller for the transaction.
"R3 Ventures is honored to have worked alongside Forbright Bank in the acquisition of Ch
