June 24, 2020
Multifamily developer and operator Jefferson Apartment Group (JAG) has been tapped by Combined Properties to manage the residential component of the mixed-use development Scout on the Circle in Fairfax, VA.
Developed by Combined Properties, the 400-unit apartment community is situated at the intersection of Route 50 and Route 29 and is nearby the Orange Line Metro. The community consists of two buildings with a suite of resort-style amenities, including two outdoor courtyards, a hotel-inspired swimming pool, work-from-home space, a lobby lounge and garage parking. Additionally, the project features 83,000 square feet of retail space, including a Giant Food as well as on-site cafés, restaurants and shops.
“JAG has built a long-standing reputation as a real estate investor and developer but in fact, 60% of our portfolio is third-party management, making Scout® on the Circle an ideal opportunity for us to continue to grow our footprint in the D.C. metro area,” said Jim Butz, president and CEO at Jefferson Apartment Group.
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Tags: Apartments & Multifamily