Southern Management Companies Acquires 240-Unit The Shelby Apartments in Alexandria Virginia

By Multifamily Summit

Southern Management Companies announced its acquisition of The Shelby Apartments, a 240-unit mid-rise community in Alexandria, Virginia. According to the company, the acquisition demonstrates its market position and commitment to providing living experiences in the communities it serves.

The property comprises primarily 1-bedroom and 2-bedroom apartment homes with spacious floor plans and updated finishes. Amenities include a fitness center, pet-friendly grounds, pet care facilities, a clubhouse, a swimming pool, and outdoor grilling areas.

"The Shelby is a strong addition to our portfolio and reflects our continued confidence in Northern Virginia," said Suzanne Hillman, CEO of Southern Management Companies. "Its location, quality and sense of community align well with our long-term investment strategy and our commitment to creating exceptional places for people to live."

Southern Management is an owner operator with apartment, residential, and commercial properties throughout Maryland and Virginia. The company stated it looks forward to bringing stability and investment to The Shelby and its residents.

Gabrielle Duvall, President of Southern Management Companies, added, "We are excited to welcome The Shelby's residents and team members to Southern Management. Our focus will be building on the community's existing strengths while providing the attentive service and long-term stability that residents expect from Southern Management."

The Shelby opened in 2014 and is located in the Penn Daw area of Alexandria, near the intersection of Richmond Highway and North Kings Highway in Fairfax County. The property is minutes from Interstate 495 and the Huntington Metro Station on the Yellow Line. Its proximity to Old Town Alexandria provides access to shopping, dining, and entertainment options.