McKinney Properties acquires 282 - unit multifamily complex


ALEXANDRIA, VA — McKinney Properties, Inc., a national multifamily owner/operator, has acquired Belvoir Square, a 282-unit Class A multifamily complex in Fairfax County, Northern Virginia (Washington, D.C. Metro).  Completed in April 2017, the property is the premier apartment community in the Fort Belvoir submarket, which is home to numerous U.S. Army and Department of Defense agencies and 51,000 military and civilian personnel.  Belvoir Square is certified LEED® Silver for energy efficiency and includes a 550-car parking garage and 11,000 square feet of prime retail space fronting Richmond Highway/U.S. 1.  The residences feature high quality finishes and an extensive list of modern amenities, including a 24/7 fitness center with group fitness classes, dog park, business center, gaming room, children’s playroom and expansive courtyard spaces for both exercise and relaxation.  McKinney is also the property manager of the community.  With the addition of Belvoir Square, McKinney Properties expands its portfolio in the Washington, D.C. Metro, one of multiple markets where the firm actively seeks acquisitions of large, well-located multifamily real estate.  www.belvoirsquare.com

About McKinney Properties:  Founded in 1946, McKinney Properties, Inc. is a Pittsburgh-based private real estate company with over $1 Billion in assets in eight states and the District of Columbia.  As a vertically integrated firm, McKinney acquires, develops and manages multifamily and student housing properties within the United States in value add, opportunistic and core strategies.  For more information about McKinney, please visit www.mckinneyproperties.com.  For information regarding acquisition or development opportunities, please contact Adam Steckel at asteckel@mckinneyproperties.com.