Frequently Asked Questions
What properties are included in this Barcroft acquisition?
Jair Lynch Real Estate Partners purchased Barcroft Apartments, a 60-acre, 1,334-unit apartment community. The acquisiton also included two commercial buildings with 34,000 square feet of retail space. Jair Lynch purchased this naturally occurring affordable housing community, also known as market-rate affordable housing, as part of its broader initiative to preserve and/or increase affordable and workforce housing throughout the region.
Who is Jair Lynch Real Estate Partners?
Jair Lynch Real Estate Partners is a leading real estate investment and development firm that specializes in the thoughtful transformation of walkable urban places. Founded in 1998, Jair Lynch has acquired, developed, and operated a portfolio of residential, commercial, and neighborhood assets that contribute to the company’s mission of creating extraordinary places. Visit www.jairlynch.com to learn more.
How are Arlington County government and Amazon involved?
This investment was supported by the Amazon Housing Equity Fund and Arlington County government who have collectively committed to providing $310 million in immediately available acquisition financing to create a public-private partnership for a reimagined Barcroft neighborhood. This new partnership will help Jair Lynch ensure that 1,334 units will remain affordable with rents up to 60% of the Area Median Income (AMI) for 99 years.
What is the overall goal for the Barcroft community?
The goal is to create a mixed-use, mixed-income community in the heart of Arlington, VA that celebrates diversity with new housing and amenities while preserving affordability and enhancing the vibrancy of the Columbia Pike Corridor.
Can I get involved in helping to determine what is built here?
The Jair Lynch team is focused on ensuring Barcroft residents are informed and consulted when crafting the Master Financing and Development Plan for the project, which is now underway.
As the project moves forward the team will rely on its residents, neighbors and community stakeholders to shape its future via a robust Barcroft community engagement plan. That plan includes virtual and in-person listening sessions, interactive surveys and one-on-one meetings that will help to drive design and direct its development.
How do I find out the latest information on the plans?
The Jair Lynch team has launched a planning process that begins with a full assessment of the site and followed by a series resident surveys. This website will serve as a platform to get updates on the process, provided feedback and answer your questions.
How does this impact the current Barcroft Apartment residents?
No current resident in good standing will be displaced as a result of this process or redevelopment. The Jair Lynch team is committed to ensuring that every resident who wants to remain at Barcroft will have the opportunity to stay regardless of income or residency status. Rents will also remain stable for 2022, after which, rents for current residents will increase by no more than 3% per year up to a cap of 60% AMI rent levels.
Who is managing the apartments are Barcroft?
Founded in 1980, Gates Hudson is a leading property management firm, specializing in managing the needs of Arlington County Residents for over 40 years. The Gates Hudson team has an extraordinary team of people whose integrity, experience and knowledge are rivaled only by their genuine passion for providing the best services possible. They are accredited, skilled, knowledgeable, experienced and always quick to problem solve or strategize, together, with you. If you have a leasing question or wish to reach our Gates Hudson staff, please call 703/520-6728 or stop by the leasing office at 1130 S. George Mason Drive.