Berkadia is pleased to present the opportunity to acquire Cecil (the “Property”), a premier 297-unit property located in the prestigious Woodmont Triangle neighborhood of Downtown Bethesda. Completed in 2024, Cecil features the highest-end finish and amenity package in the market, offering unparalleled luxury and comfort. Cecil boasts a 95 walk score, providing residents with seamless access to premier shops, restaurants, and entertainment venues. The asset quality and ideal location draw the area’s most affluent demographic with an impressive Property-level average household income of $228,000+ (Market rate, self reported) and an average household income of $187,000+ within a three-mile radius (Costar, May 2026).

The Property is conveniently located just a 10-minute walk from the Metro’s Red Line and the future Purple Line Station, as well as Bethesda Row’s 533,000 SF of top-tier shopping and dining. Cecil offers a serene oasis while still just steps from the liveliness of Downtown Bethesda, catering to a luxury, more-thoughtful demographic. Adjacent home sales are between $3 and $8+ million, making this neighborhood and the elite public schools associated with it (‘A’ Rated, Niche May 2026) one of the most coveted locations to live in Bethesda. Within the Woodmont Triangle neighborhood is Battery Lane Urban Park, a 2-acre public park with an accessible playground, basketball court, tennis court, fitness stations, and picnic tables.

Cecil is surrounded by nearly 3 million SF of high-profile, Class A office developments, including Marriott International’s 785,000 SF headquarters, which employs 3,500 corporate staff, within a 10-minute walk. The 240-acre Headquarters of the National Institutes of Health (NIH) is located 0.6 miles away (12-minute walk) and continues to increase in size & scope ($48.7B 2026 Budget). NIH and Walter Reed Campus together employ 28,500 people, Phase I of the $570M Campus renovation was recently completed and is the seat of the I-270 Biotech Corridor, currently ranking as the nation’s 4th largest biotech cluster (150+ companies). Additionally, Cecil offers convenient access to key employment nodes including the CBD of Washington, DC (15-minute drive), Tysons Corner, VA (20-minute drive) and National Landing, VA (25-minute drive).

Bethesda’s high-level employment and market-leading demographic cohort encouraged a wave of multifamily development. However, the submarket currently has zero units under construction and zero units planned to start construction for the foreseeable future. As such, Cecil presents a fantastic opportunity to acquire a generational asset below replacement cost in a submarket with exceptional renter demand and zero future supply pipeline.