BVT expands U.S. presence with its largest residential development investment to date

Munich, Germany (https://www.bvt.de - September 24, 2025) – BVT, a leading U.S. multifamily fund operator has partnered with The NRP Group to develop NRP Democracy Center, a new Class-A multifamily community in Bethesda, Maryland, just 13 miles from downtown Washington, D.C.

The project comprises 386 apartments with high-end finishes and state-of-the-art amenities. Total investment volume is $141 million with $56.5 million in joint venture equity. Construction will begin in the fourth quarter of 2025, with the first units available in Summer of 2027. 15% of units will be work-force dwelling units (WFDU).

Bethesda is one of the most dynamic metropolitan areas in the U.S., offering access to more than 3 million jobs within a 45-minute commute. Limited new supply in recent years, combined with strong regional demand, make NRP Democracy Center well-positioned for long-term success.

“With NRP Democracy Center in Bethesda, we are offering investors an exceptional opportunity,” said Tibor von Wiedebach-Nostitz, President of BVT National Partners. “Asking rents in this region have been rising steadily, and with limited new supply, we see excellent long-term potential for NRP Democracy Center. The joint venture with The NRP Group marks an important chapter for BVT’s U.S. multifamily platform. Together, we are developing a best-in-class community in Bethesda that will bring lasting value to residents and investors alike." 

Headquartered in Atlanta, GA and Boston, MA, BVT is a U.S. real estate investment firm sourcing investment opportunity for German closed-end funds. With nearly 50 fifty years of U.S. real estate experience and more than 3,500 units under management, BVT continues to expand its multifamily platform in key U.S. markets.