Hines Global Income Trust has acquired the Emerson, a newly constructed class A, 355‐unit multifamily asset located in Centreville, Va., approximately 21 miles west of Washington, D.C.
The Emerson is the first new product to be delivered in the last five years within a three-mile radius of its location. Located in the Outlying Fairfax submarket of Northern Virginia, the Emerson sits at the confluence of three major thoroughfares: I-66, Route 28, and Route 29.
The Emerson has first-rate amenities and offers studio, one-, two- and three-bedroom apartments with units averaging 925 square feet. Since its delivery in the second quarter of 2019, the asset has shown exceptional lease-up momentum and is currently 67 percent leased and 65 percent occupied.
Janice Walker, COO of Hines Global, said, “The Emerson is the newest property and, we believe, the highest-qu
