On behalf of ownership, Berkadia is pleased to present Kingston at McLean Crossing (the “Property”), a premier two-tower (13 and 15 stories), 319-unit, Type 1 concrete construction luxury apartment community located in the sought-after McLean enclave of the Tysons submarket of Northern Virginia. Thoughtfully designed for residents seeking a balanced lifestyle, Kingston delivers a comprehensive collection of best-in-class amenities inclusive of a two-story skybridge, resort style pool, rooftop gardens and lounges, a golf simulator, children’s playroom, pet spa, library, access control parking, and coworking and conference spaces.

Recent new deliveries in the submarket have elevated the localized supportable rent level to +$3.75 / foot, creating rental headroom of ~$.60 / foot (~$500 / unit). To capture this upside, new ownership can execute light value-add business plan and elevate unit interiors and the amenity set to best compete with the newly built product within the submarket.

The Property is within a 5-minute walk of the McLean Metro Station (Silver Line), connecting residents directly to Reston, Arlington, Downtown Washington, D.C., and Dulles International Airport. Residents are also walkable to Capital One (+7,000 employees), +2.5M SF of retail, and a newly delivered Wegman’s – allowing residents to have all modern lifestyle amenities within steps. Situated in one of the Mid-Atlantic’s most dynamic growth corridors, Kingston benefits from billions of dollars in ongoing public and private investment that continue to transform Tysons into a premier urban center. Additionally, Tysons currently ranks as a Top 10 Office Market Nationally. The Property is one of the few multifamily assets located in the highly competitive McLean school district, which is consistently ranked among Virginia’s top public-school systems, further elevating its long-term residential appeal.

The Kingston provides a unique opportunity to acquire a generational-quality, transit oriented, below replacement cost asset adjacent to Capital One’s Headquarters in a submarket with limited future residential development.