WASHINGTON - NOVA - MD

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1 PPR undamentals Overview Map shire bemarle 81 andoah Page Greene Morgan rederick Warren Berkeley Rappahannock Madison Clarke 66 Culpeper Orange 81 Louisa Washington Jefferson auquier Loudoun 7 Spotsylvania rederick Montgomery Carroll Howard of + Columbia 66 ARLINGTON airfax Prince George'S ALEXANDRIA 495 Manassas Prince William Stafford redericksburg Caroline King George Charles Westmoreland Baltimore Summary of Last Twelve Months vs. Historical Minimum, Maximum, and Average Essex Harford 695 Baltimore BALTIMORE 895 Anne Arundel ANNAPOLIS Richmond Calv ert St. Mary'S Kent Cecil Queen Anne'S Talbot 95 Dorchester Caroline New Ca Wico Map Layers County PPR Markets U.S. Cities State Capital Major Cities Somerset Secondary Cities Miles 21 Property & Portfolio Research Apartment Office Retail Warehouse Hotel Current Vacancy* Net New Supply (S)** (S)** 8.9% 8, % 8.9% -1,54 19,27-2,25 17,342 83:4 2:2 94:1 88:2 92:2 88:2 1.7% 11,419-6, % 13.2% ,94-9,44 25,628 82:1 91:1 97:3 87:1 2:1 88:3 1.3% 2, % 22.1% 963 5,467-6,87 1,892 1:1 82:2 84:1 9:3 91:2 99:3 9.7% 1, % 14.3% -44 5,664-1,27 8,633 86:4 83:4 95:1 85:4 93:3 86:2 64.7% 1,299-4, % 63.1% ,399-5,759 3,964 1:1 91:3 94:4 85:3 2:1 :4 *Occupancy for Hotels **Apartment and Hotel data are in units. 2Q22 PPR undamentals 22 by P R O P E R T Y P O R T O L I O R E S E A R C H, L L C. All Rights Reserved.

2 PPR undamentals Analysis/Economy Notable Economic and Real Estate Market Events ECON Employment growth flattened during the year ending in June, as some of Worldcom s nearly 2, layoffs in the metro were recorded. ollowing this round of layoffs, Worldcom still employs about 6, workers in the metro. Arlington-based US Airways, which employs more than 25, in the metro, recently filed for bankruptcy. However, the news is not all grim. Last year, VA ranked second behind CA in Defense Department spending, with firms in the commonwealth receiving $3 billion. A $48 billion increase in the 23 defense budget is the largest increase in 2 years, and a sizable portion of this is likely to flow into the local economy to its many defense contractors, including Lockheed Martin, Northrop Grumman, SAIC, Orbital Sciences, and General Dynamics. While the impact of increases in defense spending has been slow to materialize, contracts are being awarded, and this is beginning to show up in new jobs for defense and IT contractors. Recent employment announcements include Centrivity (225 jobs), EER Systems (225 jobs), and PEC Solutions (55 jobs). APT As concessions have surfaced, construction has slowed in s tech-heavy outer submarkets, but remains heavy in the and s inner-beltway submarkets, most of which is in luxury units. Larger projects currently underway in the include JPI s 428-unit Jefferson at Penn Quarter and Post Properties 269-unit Post Massachusetts Avenue (which are both due by year-end). A couple of the larger luxury projects underway in s inner submarkets include Clark Realty Builder s 44-unit Bush Hill Apartments and JBG Cos. and JER Partner s 412-unit Arlington Gateway. As an incentive to live in Arlington, the county recently passed a Live Where You Work bill, where people that currently work in Arlington and buy or rent in the county after July 1, 22 will be provided with a one-time financial grant of $2,6. Construction also continues to occur in Suburban Maryland, including two large groundbreakings that occurred in the second quarter in North Bethesda (AvalonBay s 499-unit Avalon at Grosvenor Station, and Donahue Construction s 453-unit White lint Place). O Although increasing from year-end, overall vacancies in the remain a tight 6.% according to Spaulding & Slye. In, vacancies continued to escalate to 15.9%, while Suburban MD experienced an increase to 13.4%. According to the same source, sublease space has declined in for the past two quarters, but the overall amount has increased slightly to 11.9 million S, as more space is now available in the and Suburban MD. Law firms have dominated recent leasing activity in the. has yet to benefit substantially from an increase in defense spending, but the tables appear to be turning as indicated by several leases including 63, S by NCS Pearson in Arlington, 28, S by Veridian in Herndon, and 5, S by IBM in Springfield. Worldcom occupies more than two million S in the metro, two-thirds of which is in Ashburn. The company s 48, S headquarters in Pentagon City has been put up for sale. RET Grocers continue to battle for market share. Giant ood and Safeway dominate the market, with respective market shares of about 4% and 25%. This year, both retailers are slated to open four stores apiece totaling close to 42, S. While construction has slowed, developers continue to show interest in the. Projects underway and planned include the Gallery Place retail and entertainment center, Brentwood Shopping Center, and Washington Gateway Shopping Center. In addition, the 55, S DC USA complex is still on the drawing boards, and is reportedly close to signing a lease for 16, S here. WHS Sysco Corp. has chosen Warren County, VA for its new US redistribution facility that will serve 14 distribution centers in the Mid- Atlantic and Northeast regions. The center will total 8, S, and can be expanded to 1.2 million S. This comes on the heels of Giant ood s announcement that it is relocating its Landover distribution center to Howard County (in the Baltimore metro). Washington s warehouse market is largely concentrated in flex space, and Sysco s warehouse will be the first major new distribution facility in years. HOT The new 2.3 million S convention center is on track to complete next spring. However, the battle between Hilton and Marriott for city funding in their proposed 1,4 and 1,5-room convention center hotels continues, and the is not indicating a timeline. Demographic Trends Annual Growth Rates 22* Category Market U.S. Market U.S. Market U.S. Market U.S. Population 5, ,644 2.% 1.% 1.6% 1.2% 1.2%.9% Households 1,938 17, % 1.3% 1.7% 1.3% 1.4% 1.1% Median Household Income $74,27 $44, % 4.4% 4.% 3.7% 3.4% 3.4% Apartment-Renting Households ,52 2.% 1.7% -.1%.5% 1.5% 1.2% Real Retail Sales Per Capita $4,925 $4, % 1.5% 1.3% 1.8% 1.6% 1.5% Employment Trends 22* Annual Growth Rates Location SIC Category Employment Quotient Market U.S. Market U.S. Market U.S. Total Services 1, % 4.3% 3.9% 3.7% 4.% 2.6% Business Services % 6.6% 6.5% 6.2% 4.6% 3.1% Other Services % 3.8% 3.1% 3.% 3.7% 2.5% Retail Trade % 2.5% 1.2% 2.% 1.2% 1.6% Government % 1.6% -.4% 1.3% 1.3%.7% Manufacturing % -.6%.8% -.6%.8% -.3%.I.R.E % 2.2% 1.5% 1.5% 2.1%.9% Wholesale Trade % 1.3%.9% 1.4% 1.4% 1.2% Trans., Comm., Util % 1.1% 2.4% 2.% 1.4% 1.% Construction % 1.4% 4.3% 4.2% 1.5%.6% Mining % -6.% 4.1% -1.6% -2.8% -1.2% Total Employment 2, % 1.9% 2.% 2.% 2.5% 1.4% Office-Using Employment 1, % 3.% 1.% 2.9% 2.7% 1.9% Trucking/Warehouse Employment % 1.5%.3% 1.7% 1.1% 1.2% *All units (except for dollar denominated figures) in thousands. Current Economic Indicators Employment Labor orce Unemployment Employment Net Migration () Cost Indices (U.S. = 1) Growth 6/2 Growth 6/2 Rate 6/2 Volatility Ratio 21 Business Living.% 1.7% 3.8% Sources: PPR; Economy.com 2Q22 PPR undamentals 22 by P R O P E R T Y & P O R T O L I O R E S E A R C H, L L C. All Rights Reserved.

3 Supply, Demand, and Vacancy PPR undamentals Apartment Demand & Supply (Units) 2, 15, 1, 5, -5, Apartment Market Statistics (Units) Vacancy Rate Percentage Vacant Apt. Vacancy 7.4% 7.5% 7.% 7.1% 8.2% 9.% 8.2% 7.7% 7.2% 6.9% Apt. 4,92 7,382 9,859 7,49 3,2 3,31 6,957 5,163 5,593 6,44 1.3% 1.9% 2.5% 1.9%.7%.7% 1.7% 1.2% 1.3% 1.5% Multifamily 1,329 12,724 12,924 13,838 14,59 8,16 4,92 4,657 6,784 1, % 23.2% 1.6% 7.1% 1.6% -42.3% -39.5% -5.% 45.7% 5.% Net Apt. Completions 5,116 8,519 8,325 8,528 8,545 7,49 4,11 2,875 3,419 5,595 Apt. Inventory 414, , ,77 44, , , , , , , % 2.1% 2.% 2.% 1.9% 1.6%.9%.6%.7% 1.2% Apt. Rent Index % 5.% 6.5% 9.4% 1.8% -.7% -1.6% 3.1% 4.6% 4.3% PPR/Dodge Pipeline Summary Current Activity (Units) Multifamily by Subclass 16, Change in Rent vs. Change in Rent 1% Bidding 14, 8% inal Pre- Deferred Abandoned 2, 4, 6, 8, 1, 12, 14, 16, 18, 2, Apartments Townhouse/Condo Low Income Unclassified (Units) 1,822 6, % 61% 36% % 3% 12, 1, 8, 6, 4, 2, % 4% 2% % -2% -4% Sources: PPR; McGraw-Hill Construction - Dodge; National Real Estate Index 2Q22 PPR undamentals 22 by P R O P E R T Y P O R T O L I O R E S E A R C H, L L C All Rights Reserved.

4 Supply, Demand, and Vacancy Demand & Supply (S) 3, 25, 2, 15, 1, 5, -5, -1, -15, Office Market Statistics (S) Vacancy Rate PPR undamentals 24 Office Percentage Vacant Vacancy 6.6% 6.% 4.9% 4.7% 9.6% 1.7% 9.4% 8.7% 8.5% 8.5% 6,452 4,97 13,297 13,27-8,685 2,758 1,926 7,467 5,669 5, % 1.3% 3.3% 3.2% -2.%.7% 2.6% 1.7% 1.3% 1.3% 7,896 12,993 16,545 18,295 1,344 8,788 5,943 5,883 6,515 7, % 64.5% 27.3% 1.6% -43.5% -15.% -32.4% -1.% 1.7% 8.1% 139 2,81 9,35 12,895 14,558 8,922 5,566 4,127 5,472 6,27 Inventory 424, , , , ,21 473, , , , ,568.%.7% 2.1% 3.% 3.2% 1.9% 1.2%.9% 1.1% 1.3% Rent Index % 1.4% 5.3% 1.3% -1.2% -1.8% -.1% 1.7% 2.1% 2.1% PPR/Dodge Pipeline Summary Bidding inal Pre- Deferred Abandoned Current Activity (S) 5, 1, 15, 2, 25, 3, 35, 4, 45, Low Rise Mid Rise High Rise Office R&D Unclassified Office by Subclass (S) % 8,687 36% 11,854 49% - % 2,396 1% 1,298 5% Change in Rent vs. Change in Rent 2, 12% 18, 1% 16, 14, 8% 12, 6% 1, 4% 8, 2% 6, 4, % 2, -2% -4% Sources: PPR; McGraw-Hill Construction - Dodge; National Real Estate Index 2Q22 PPR undamentals 22 by P R O P E R T Y P O R T O L I O R E S E A R C H, L L C. All Rights Reserved.

5 Supply, Demand, and Vacancy PPR undamentals Retail Demand & Supply (S) 12, 1, 8, 6, 4, 2, -2, -4, -6, Retail Market Statistics (S) Vacancy Rate Percentage Vacant Vacancy Inventory % 14.1% 1.9% 9.2% 9.9% 9.8% 8.5% 8.8% 3,37 7,827 1,661 7,47 1,574 2,218 5,783 3,65 1.7% 4.4% 5.7% 3.7%.8% 1.1% 2.8% 1.7% 5,399 5,13 3,987 4,284 3,22 3,884 4,93 5, % -5.% -22.3% 7.4% -29.4% 28.5% 26.2% 19.3% 2,823 3,871 4,275 4,23 3,445 2,182 2,991 4, , , ,63 226,653 23,98 232, ,272 24, % 8.9% 5,29 5,84 2.3% 2.3% 6,38 5, % -1.5% 5,662 5,81 245,77 251, % 1.8% 2.% 1.8% 1.5%.9% 1.3% 2.% 2.4% 2.4% Rent Index % -1.% 6.7% 5.9% 1.2%.1% 2.6% 3.% 2.4% 3.2% PPR/Dodge Pipeline Summary Retail Current Activity by Subclass Change in Rent vs. (S) Change in Rent 7, 8% Bidding 6, 7% inal 6% 5, 5% 4, 4% 3% 3, (S) % 2% 1,645 41% 2, 1% % % - % 1, -1% 6 15% - % -2% Pre- reestanding Stores Deferred Neighborhood Center Community Center Abandoned Regional Super Regional Outlet Unclassified Sources: PPR; McGraw-Hill Construction - Dodge; National Real Estate Index 1, 2, 3, 4, 5, 6, 7, 8, - 1,338 % 33% 2Q22 PPR undamentals 22 by P R O P E R T Y P O R T O L I O R E S E A R C H, L L C. All Rights Reserved

6 Supply, Demand, and Vacancy PPR undamentals Warehouse Demand & Supply (S) 9, 8, 7, 6, 5, 4, 3, 2, 1, -1, -2, Warehouse Market Statistics (S) Vacancy Rate Percentage Vacant Vacancy 8.3% 8.2% 8.4% 8.% 9.2% 9.7% 8.5% 8.1% 8.% 8.% 1,553 1,93 1,27 1, ,86 1,365 1,446 1, % 1.5% 1.7% 2.6%.2%.4% 2.3% 1.7% 1.8% 1.8% 2,815 2,712 2,24 2,627 2,417 1,139 1,6 1,648 1,83 1, % -3.7% -18.7% 19.2% -8.% -52.9% -6.9% 55.5% 9.4% 2.6% 924 1,14 1,563 1,783 1, ,11 1,525 1,621 Inventory 79,356 8,46 82,23 83,86 85,94 85,932 86,76 87,88 89,333 9, % 1.4% 1.9% 2.2% 1.5% 1.%.9% 1.3% 1.7% 1.8% Rent Index % -.8% 2.8% 13.8% 1.% -2.9%.1% 3.7% 3.6% 3.6% PPR/Dodge Pipeline Summary Bidding inal Pre- Deferred Abandoned Current Activity (S) Distribution Warehouse/lex Light Industrial Unclassified Warehouse by Subclass (S) % % 119 2% - % % 3, 2,5 2, 1,5 1, 5 Change in Rent vs. Change in Rent 16% 14% 12% 1% 8% 6% 4% 2% % -2% -4% 5 1, 1,5 2, 2,5 3, 3,5 4, Sources: PPR; McGraw-Hill Construction - Dodge; National Real Estate Index 2Q22 PPR undamentals 22 by P R O P E R T Y P O R T O L I O R E S E A R C H, L L C. All Rights Reserved.

7 PPR undamentals Hotel Supply, Demand, and Occupancy Demand & Supply (Rooms) 5, 4, 3, 2, 1, -1, -2, -3, -4, -5, Occupancy Rate Percentage Occupied Hotel Market Statistics (Rooms) Occupancy 7.4% 69.9% 71.% 73.2% 66.3% 64.8% 66.2% 68.4% 69.8% 71.3% 2, ,872 3,964-4, ,643 2,194 1,61 1,7 4.7%.9% 3.7% 7.6% -7.4% -.8% 3.2% 4.1% 2.9% 3.% 1,688 3,641 2,239 2,74 1,392 1, , % 115.7% -38.5% -7.4% -32.9% -11.6% -41.3% 4.2% 1.9% 36.7% 663 1,165 1,446 3,176 1,751 1, Inventory 71,24 72,45 73,851 77,27 78,778 79,942 8,735 81,352 82,6 82,668.9% 1.6% 2.% 4.3% 2.3% 1.5% 1.%.8%.8%.8% Room Rate Index % 4.6% 4.2% 7.5% -9.1% -1.8% -.4% 1.9% 3.3% 4.8% RevPar Index % 2.1% 5.9% 1.% -24.8% -.8% 3.7% 5.1% 5.9% 7.5% PPR/Dodge Pipeline Summary Bidding inal Pre- Deferred Abandoned Current Activity Change in Room Rate vs. (Rooms) Change in Room Rate 4, 1% 3,5 8% 6% 3, 4% 2,5 2% 2, % 1,5-2% -4% 1, -6% 5-8% -1% 5 1, 1,5 2, 2, Sources: PPR; McGraw-Hill Construction - Dodge; Smith Travel Research 2Q22 PPR undamentals 22 by P R O P E R T Y & P O R T O L I O R E S E A R C H, L L C. All Rights Reserved.

8 PPR undamentals Single amily Housing Single amily Multifamily 7, 6, 5, 4, 3, 2, 1, Single amily Market Single amily 35, 3, 25, 2, 15, 1, 5, Change in Home Price 25% 2% 15% 1% 5% % % Sources: PPR; Economy.com Single amily Market Statistics ,988 24,868 26,33 28,1 26,338 28,113 27,528 27,49 26,55 26, % 24.4% 4.7% 7.9% -6.3% 6.7% -2.1% -1.7% -3.7% 2.1% Completions 2,297 22,891 26,83 26,774 27,551 27,444 27,618 27,45 26,244 26,47 Apartment Market Statistics Multifamily 1,329 12,724 12,924 13,838 14,59 8,16 4,92 4,657 6,784 1, % 23.2% 1.6% 7.1% 1.6% -42.3% -39.5% -5.% 45.7% 5.% Apartment Completions 5,116 8,519 8,325 8,528 8,545 7,49 4,11 2,875 3,419 5,595 Sources: PPR; McGraw-Hill Construction - Dodge 2Q22 PPR undamentals 22 by P R O P E R T Y P O R T O L I O R E S E A R C H, L L C. All Rights Reserved.

9 PPR UNDAMENTALS PPR undamentals Apartment Projects Projects Avalon at Grosvenor Station Title Address Units Stage Start Completion adjacent to the Washington Metro's Grosvenor station, North Bethesda 499 4/2 12/4 White lint Place Rockville Pike at Old Georgetown Road, North Bethesda 453 5/2 6/4 Jefferson at Penn Quarter 6 E St. NW 428 1/1 8/3 Alexan airfax Ridge Route 5 and I-66, airfax 42 6/2 12/3 The airways at Landsdowne Leesburg, VA, Loudoun County / 12/2 Arlington Gateway 851 N Glebe Road, Ballston /1 12/3 Metropolitan at Alexandria (Bush Hill Apartments) 484 Eisenhower Ave., Alexandria 44 6/1 12/2 Village at Shirlington g Drive and South Randolph Street, Arlington 4 Planned Avalon at Rock Spring 6425 Rock orest Drive Bethesda, Maryland 2814, Bethesda 386 9/2 Avalon at Arlington Square Phase II 27 S Veitch Street, Arlington 332 8/1 8/2 2Q22 PPR undamentals 22 by P R O P E R T Y P O R T O L I O R E S E A R C H, L L C. All Rights Reserved.

10 PPR UNDAMENTALS PPR undamentals Office Projects Projects Title Address S () Stage Start Completion Patent & Trademark Office (PTO) Headquarters 21 Duke Street, Carlyle (Alexandria) 1,46 3/2 6/5 Tenants: Patent & Trademark Office Southeast ederal Center Southeast ederal Center, Anacostia waterfront, Southeast 1,35 Planned Tenants: Department of Transportation (DOT) Station Place (Phase I) Tenants: SEC (65K sf) corner of and 2nd Streets, NE, Capitol Hill 65 4/2 12/3 91 New York Ave. 91 New York Ave., NW, East End 51 Planned 9/2 9/4 Tenants: innegan Henderson arabow Garrett & Dunner (25K sf) Terrell Place (Square 456) 575 7th St. NW and 65 St. NW, East End /1 8/3 Tenants: Venable, Baetjer, Howard & Civiletti, LLP (law firm) DIC Expasnion at Virginia Square between airfax Drive and Washington Boulevard, Arlington 422 Planned 6/6 Human Genome Sciences HQ Tenants: Human Genome Sciences Shady Grove and Darnestown Roads, North Potomac 419 6/1 12/3 One Metro Center 121 G Street NW (between 12th and 13th Streets), CBD /1 6/3 Ullico Headquarters at 1625 Eye Street 1625 Eye Street, NW, Capitol Hill (Golden Triangle) 375 9/1 3/3 Tenants: Union Labor Life Ins. (Ullico), O'Melveney & Meyers(law firm) (118,478) 9 Seventh Street 9 Seventh Street, CBD 28 1/1 6/3 2Q22 PPR undamentals 22 by P R O P E R T Y P O R T O L I O R E S E A R C H, L L C. All Rights Reserved.

11 PPR UNDAMENTALS Projects PPR undamentals Retail Projects Title Address S () Stage Start Completion Gallery Place Retail and Entertainment Center 77 7th Street 65 9/1 9/2 Tenants: AMC, Washington Sports Club DC USA possibly (16K) 14th Street between Irving Street and Park Road 55 Proposed 6/5 Northwest Washington Gateway Shopping Center Tenants: 6 big-box anchors NY Ave., South Dakota Ave., and 33rd Place 415 Planned Northeast (ort Lincoln) Boulevard at Capital Centre 1 Harry S Truman Dr. in Landover, Prince George's County 4 Planned 4/2 6/3 Tenants: Pier 1 Imports, Linens 'n Things and Men's Warehouse Ikea Store Tenants: Ikea U.S. Rt. 1and I-495 in College Park, Prince George's County 35 5/2 4/3 Brentwood Road Shopping Center Brentwood Road, NE, Northeast 275 7/1 12/2 Tenants: Giant oods (52K sf), Home Depot (118K sf), Kmart construction has been suspended Marketplace at Potomac Station Potomac Station, Leesburg 275 9/1 1/4 Wal-Mart Supercenter Tenants: Wal-Mart 18 Carl D Silver Pkwy., redericksburg 222 4/2 1/3 Lowe's Home Center Tenants: Lowe's 146 Baltimore Ave., Laurel (Prince George's County) 14 4/2 12/2 The Shoppes of Lorton Valley Tenants: Giant ood (56K) Route 123 and Palmer Drive, Lorton (airfax County) 11 5/2 6/3 2Q22 PPR undamentals 22 by P R O P E R T Y P O R T O L I O R E S E A R C H, L L C. All Rights Reserved.

12 PPR UNDAMENTALS PPR undamentals Warehouse Projects Projects Title Sysco Corp. US Redistribution acility Address S () Stage Start Completion North of I-66 in ront Royal, Warren County 8 Planned 9/2 12/3 Mill Run Business Park Off Lee Hwy near Grays Mill Rd. in Warrenton, auquier County 458 Planned Stonecroft Center lex Office/Distribution Park Stonecroft Boulevard, Chantilly 21 Proposed lex/warehouse Buildings Rt. 31 & 5, Bowie (Prince George's County) 152 Proposed Dulles Trade Center One Phase II Route 66 in Sterling, Loudoun County 15 Deferred 9/2 7/3 Summit at Dulles Warehouse (Building C) Route 66 in Dulles, Loudoun County 1 Planned 149 Prince George's Blvd. 149 Prince George's Blvd., Upper Marlboro, Prince George's County 96 Completed 1/1 3/2 Central Wholesalers Warehouse 1341 Virginia Manor Road, Beltsville (Prince George's County) 9 Completed 6/1 11/1 Dulles Trade Center One Phase I Route 66 & Beaver Meadow Rd. in Sterling, Loudoun County 9 Completed 12/1 6/2 erguson Distribution Center Centerville Road, Chantilly 68 Completed 2/2 7/2 2Q22 PPR undamentals 22 by P R O P E R T Y P O R T O L I O R E S E A R C H, L L C. All Rights Reserved.

13 PPR UNDAMENTALS PPR undamentals Hotel Projects Projects Opryland Hotel Potomac (National Harbor Project) Title Address Rooms Stage along Potomac River near Woodrow Wilson Bridge, Oxon Hill 2, Proposed Start Completion Convention Center Headquarters Hotel (Marriott or Hilton) Site not selected 1,4 Proposed Rennaisance Washington Hotel Expansion 999 9th St NW 55 Proposed Mandarin Oriental Luxury Hotel 13 Maryland Ave SW, Southwest 4 3/2 1/4 Arlington Gateway Hotel North Glebe & North airfax Road, Rosslyn/Ballston 32 Deferred Marriott Residence Inn 1456 Duke St, Alexandria 24 4/1 12/2 Marriott Hotel & Convention Center Rockville Pike, North Bethesda 226 Planned Courtyard By Marriott Hotel 438 King Street, Alexandria 156 Planned Hampton Inn & Suites 2 Jefferson Davis Parkway, Arlington 151 Completed 9/ 3/2 Hilton Garden Hotel 395 air Ridge Drive, airfax 149 Completed 8/ 2/2 2Q22 PPR undamentals 22 by P R O P E R T Y P O R T O L I O R E S E A R C H, L L C. All Rights Reserved.