The Shelby, located in the Penn Daw area near the intersection of Richmond Highway and North Kings Highway, features a mix of one- and two-bedroom units. The property offers residents access to a fitness center, a resort-style swimming pool, and pet-friendly facilities. Since its 2014 opening, the community has served as a residential hub in Fairfax County, benefiting from proximity to the Huntington Metro Station and Old Town Alexandria.
In section Releases
Southern Management Companies Expands Portfolio with Alexandria Acquisition
Southern Management Companies has acquired The Shelby, a 240-unit mid-rise apartment community in Alexandria, Virginia. This purchase strengthens the firm’s foothold in the Northern Virginia market, adding to its extensive portfolio of over 25,000 residential units across the Baltimore-Washington region.
CEO Suzanne Hillman stated that the acquisition aligns with the company’s long-term investment strategy and confidence in the region. President Gabrielle Duvall noted that the firm intends to focus on maintaining the community's existing strengths while providing the service standards typical of their broader portfolio. Southern Management remains one of the largest privately owned residential property operators in the Mid-Atlantic, with holdings that include commercial properties, hotels, and a ski resort in Pennsylvania.
Comments (0)
No comments yet. Be the first!