Bethesda Towers Acquired by Roadside Development | Real Estate Services M&A Deal

Roadside Development has acquired Bethesda Towers, a real estate development business in Maryland, for an undisclosed amount. Bethesda Towers is a multifamily real estate development asset operator focused on property development and management in the MD market, supporting Roadside Development acquisitions. Roadside Development acquisitions expand its real estate services M&A footprint through real estate development acquisition capabilities and add on acquisition opportunities in Maryland. The add on acquisition is backed by private equity acquisition strategy from Hudson Bay Capital, positioning Roadside Development for continued MD acquisitions. Deal terms, advisors, and expected close timing were not disclosed.