Modera Fairfax Ridge

213 Units
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About

About Modera Fairfax Ridge

Modera Fairfax Ridge is a rare opportunity to acquire a best-in-class asset in one of the leading jurisdictions in the dynamic Northern Virginia market. The Property’s location at the nexus of I-66 and VA Route 50 provides direct connectivity to the region’s largest economic engines and employment centers including Tysons, Reston/Herndon, the R-B Corridor, Alexandria, and downtown Washington DC. This coupled with a pronounced outmigration trend from the urban core has led to strong renter demand from an affluent population historically and over the previous 12-months. The asset’s location in proximity to George Mason University provides additional pent up rental demand once students return to in-person learning. The micro market surrounding Modera Fairfax Ridge is supply constrained with limited future supply under construction or planned. This will allow Modera Fairfax Ridge to experience above market growth with tight occupancy through 2021 and beyond. The asset’s Fairfax County location makes for a stable, consistent investment with strong future growth prospects in one of the nation’s safest metropolitan areas during times of economic uncertainty.