Berkadia is pleased to present the sale of The Shelby (the “Property”), a 240-unit luxury apartment community in Alexandria. The Property is located just an 8-minute drive, or two Metro stops, from Old Town Alexandria, providing residents with convenient access to one of Northern Virginia’s premier destinations for retail, dining, and employment. The Property also benefits from close proximity to the Huntington Metro Station (Yellow Line), offering residents convenient regional connectivity throughout the Washington, D.C. area. Additionally, Reagan National Airport is accessible within five Metro stops or a 20-minute drive, further enhancing regional and national accessibility.

The Shelby is strategically positioned near several significant employment drivers. The recently announced new headquarters for the U.S. Department of Housing and Urban Development, expected to employ more than 2,700 people in the Eisenhower Avenue Corridor, is located just one Metro stop from the Property. Amazon’s HQ2 at National Landing is only six Metro stops away, further strengthening the area’s employment base. The $1 billion Virginia Tech Innovation Campus—a major long-term catalyst for high-paying technology jobs—is also just four Metro stops from the Property.

The Property is located just a 10-minute drive from WestEnd Alexandria, the transformative redevelopment of the former Landmark Mall site. The project will include more than 300,000 square feet of retail as well as the relocation of Inova Alexandria Hospital, which is expected to deliver in 2028 and bring approximately 2,000 healthcare professionals to the immediate area. With strong connectivity to major employment centers, proximity to transformative mixed-use development, and access to expanding institutional employers, The Shelby presents a compelling opportunity to acquire a high-quality asset positioned for outsized rent growth.