WELLINGTON, FL - Bainbridge Multifamily Acquisition Fund I, LP (the “Fund”), an affiliate of The Bainbridge Companies (“Bainbridge”) has closed on the purchase of Axiom Cabin Branch. The community is situated in a prime Montgomery County location, just off I-270 in the Washington, D.C suburb of Clarksburg, Maryland.
Bainbridge’s Acquisition Fund targets assets at a discount to replacement cost with immediate operational and capital improvement upside in the Sun Belt and Mid-Atlantic markets. Axiom Cabin Branch marks its second community acquisition in the Fund. The Fund also successfully acquired a 228-unit apartment community in Tampa Bay, Florida in March 2025.
Financial details of the transaction were not disclosed.
“The acquisition of Axiom Cabin Branch reinforces our ability to efficiently execute such transactions through Bainbridge Multifamily Acquisition Fund I, LP,” said Bainbridge Vice President of Capital Markets, Adam DeRiso. “This community was particularly appealing due to the area’s high barriers to entry, proximity to Washington, D.C. and immediate access to I-270 and the area’s top employment, schools, dining, shopping and entertainment.”
Axiom Cabin Branch, built in 2020, has 272 studio, one, two and three-bedroom apartment homes with quality materials, well-designed layouts and luxurious finishes. Amenities include two modern fitness centers; a resort-style swimming pool; sundeck with lounge areas and cabanas; outdoor lounge with dining & grill; toddler playground; community clubhouse with Wi-Fi; conference room; dog park and dog wash station; patio courtyard with firepit; game room; package concierge; indoor bike storage and much more. Reserved parking and self-storage units are available for purchase.
Bainbridge intends to utilize its full vertical integration, including its property and asset management, to manage and position Axiom Cabin Branch as a top apartment community in the Clarksburg, Maryland market.
“We continue to target opportunities to strategically acquire high-quality multifamily assets well below replacement costs through the Fund,” said Bainbridge Executive Vice President Brian Doppelt. “Our vertically integrated platform positions us to concurrently enhance the resident experience and value of these communities.”
Since its inception, Bainbridge has developed and acquired more than 44,000 apartment homes representing more than $8 billion in transactions.
About The Bainbridge Companies LLC: The Bainbridge Companies LLC (Bainbridge) is a multifamily real estate company that has developed and acquired more than 44,000 apartment homes representing more than $8 billion in transactions since its inception in 1997. With over 500 associates nationally, Bainbridge engages in every step of the real estate process, from development and construction, acquisition, and disposition to asset management and property management of multifamily real estate. Bainbridge is headquartered in Wellington, Fla., and has offices in Atlanta, Austin, Bethesda, Charlotte, Dallas, Orlando, Raleigh, and Tampa. Learn more about Bainbridge at www.bainbridgecompanies.com