Aldon Expands Footprint with Acquisition of Conclave Glenwood in Raleigh, NC


Strategic Growth Initiative Strengthens Aldon’s Presence in Thriving North Carolina Market

Bethesda, MD — Committed to bolstering the economic vitality of the Research Triangle, Aldon, a premier owner, manager, and developer of multifamily assets based just outside Washington, D.C., has finalized the acquisition of Conclave Glenwood. This luxury apartment community situated in Raleigh, North Carolina, further solidifies our investments in the thriving Research Triangle area.

Nestled in the vibrant heart of Raleigh, North Carolina, Conclave Glenwood is a newly constructed, Class-A, 248-unit community strategically positioned on Glenwood Avenue I Highway 70. Offering residents unparalleled access to major transportation arteries, employment hubs, and lifestyle amenities, its prime location, nestled between Duraleigh and Creedmoor Roads and under two miles from I-440, makes it an ideal choice for commuters and those seeking convenience and connectivity.

Completed in 2023, Conclave Glenwood boasts a range of modern living options, including studios, one, two, and three-bedroom apartments designed to cater to diverse lifestyles. The community features an array of luxurious amenities, such as a resort-style pool with a tanning ledge, a chef-inspired outdoor kitchen with grilling stations, and a state-of-the-art fitness center. Residents can also enjoy the convenience of a private co-working lounge, perfect for remote work or collaborative projects. Inside, apartments boast culinary-inspired kitchens, granite countertops, and hardwood-style floors. With thoughtful touches like private balconies and electric car-charging stations, Conclave Glenwood offers luxury living at its finest.

“We are thrilled to add Conclave Glenwood to our portfolio,” said Todd Bowen, chief executive officer for Aldon. “This acquisition not only expands our presence in North Carolina but also reflects our commitment to strategic growth in thriving markets. Real estate transactions are inherently challenging, but with dedicated teams and a clear vision, we navigate these complexities with confidence.”

With over 75 years of experience in the Washington, DC market, Aldon’s strategic expansion into Raleigh marks its continued pursuit of opportunities in dynamic economic regions. The company remains steadfast in its mission to enhance communities and provide exceptional living experiences for residents.

For more information about Aldon and its portfolio, visit

About Aldon

Aldon has been creating better places to call home since 1947. Based just outside of Washington, DC in Bethesda, Maryland, Aldon develops, owns, and manages properties from the mid-Atlantic, to the southeast, and Texas. Grounded in a firm commitment to exceptional service, Aldon seizes every opportunity to evolve the concept of modern apartment living while enriching the lives of every resident and bringing value to the surrounding community.

Last updated: March 1, 2024