What changed in this filing

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Item 2. Properties

2021-02-16 compared with 2020-02-19 · 61 added, 83 removed, 21 unchanged (87% of the section changed)

3 unchanged sentences

Schedule of Properties

Year Acquired

Year Constructed/Renovated

Net Rentable Square Feet

Percent Leased, as of December 31, 2019 (1)

Properties Location Year Acquired Year Constructed/Renovated # of Units Net Rentable Square Feet Percent Leased, as of December 31, 2020 (1)

Ending Occupancy, as of December 31, 2020 (1)

Multifamily Buildings

3801 Connecticut Avenue

Washington, DC

Roosevelt Towers

Falls Church, VA

Arlington, VA

The Ashby at McLean

Bethesda Hill Apartments

Arlington, VA

Alexandria, VA

Kenmore Apartments

Washington, DC

The Paramount

Arlington, VA

Yale West (2)

Washington, DC

Arlington, VA

The Wellington

Multifamily Properties

Clayborne Alexandria, VA 2003 2008 74 60,000 98.6 % 98.6 %

Riverside Apartments Alexandria, VA 2016 1971 1,222 1,001,000 96.0 % 94.6 %

Assembly Alexandria Alexandria, VA 2019 1990 532 437,000 96.6 % 95.7 %

Cascade at Landmark Alexandria, VA 2019 1988 277 273,000 95.7 % 93.5 %

Park Adams Arlington, VA 1969 1959 200 173,000 95.5 % 95.0 %

Bennett Park Arlington, VA 2001 2007 224 215,000 96.0 % 95.1 %

The Maxwell Arlington, VA 2011 2014 163 116,000 96.9 % 94.5 %

The Paramount Arlington, VA 2013 1984 135 141,000 98.5 % 95.6 %

The Wellington Arlington, VA 2015 1960 711 600,000 96.1 % 94.5 %

Roosevelt Towers Falls Church, VA 1965 1964 191 170,000 96.9 % 92.7 %

The Ashby at McLean McLean, VA 1996 1982 256 274,000 96.5 % 94.9 %

Assembly Dulles Herndon, VA 2019 2000 328 361,000 96.6 % 93.9 %

Assembly Herndon Herndon, VA 2019 1991 283 221,000 95.4 % 94.3 %

Assembly Manassas Manassas, VA 2019 1986 408 390,000 97.3 % 96.6 %

Assembly Leesburg Leesburg, VA 2019 1986 134 124,000 96.3 % 96.3 %

Bethesda Hill Apartments Bethesda, MD 1997 1986 195 225,000 96.9 % 96.9 %

Assembly Germantown Germantown, MD 2019 1990 218 211,000 97.7 % 97.2 %

Assembly Watkins Mill Gaithersburg, MD 2019 1975 210 193,000 96.7 % 96.2 %

3801 Connecticut Avenue Washington, D.C.

1963 1951 307 178,000 88.3 % 86.3 %

Kenmore Apartments Washington, D.C.

2008 1948 374 268,000 90.4 % 89.0 %

Yale West Washington, D.C.

2014 2011 216 173,000 96.8 % 94.0 %

Subtotal Stabilized Properties 6,658 5,804,000 95.7 % 94.3 %

Arlington, VA 2015 2020 401 293,000 36.2 % 34.7 %

Riverside Apartments

Alexandria, VA

Assembly Alexandria

Alexandria, VA

Assembly Manassas

Assembly Dulles

Assembly Leesburg

Assembly Herndon

Assembly Germantown

Germantown, MD

Assembly Watkins Mill

Gaithersburg, MD

Cascade at Landmark

Alexandria, VA

Subtotal All Properties 7,059 6,097,000 92.3 % 90.9 %

______________________________

(1) Leased percentage and ending occupancy calculations are based on units for multifamily buildings.

At December 31, 2019 , Yale West was encumbered by a non-recourse mortgage in the amount of $45.7 million .

Mortgage amount excludes premiums and debt loan costs.

This mortgage was repaid on January 31, 2020 (see note 5 to the consolidated financial statements).

Year Acquired

Year Constructed/Renovated

Net Rentable Square Feet

Percent Leased, as of

(2) This development project consists of 401 units with 374 units delivered in 2020.

Properties Location Year Acquired Year Constructed/Renovated Net Rentable Square Feet Percent Leased, as of

December 31, 2020 (3)

1 unchanged sentence

Office Buildings

1901 Pennsylvania Avenue

Washington, DC

515 King Street

Alexandria, VA

515 King Street Alexandria, VA 1992 1966 75,000 81.5 % 81.5 %

Courthouse Square Alexandria, VA 2000 1979 121,000 80.8 % 80.8 %

1600 Wilson Boulevard Arlington, VA 1997 1973 171,000 86.5 % 86.5 %

Fairgate at Ballston Arlington, VA 2012 1988 144,000 87.8 % 86.3 %

Arlington Tower Arlington, VA 2018 1980/2014 390,000 92.7 % 90.1 %

Silverline Center Tysons, VA 1997 1972/2015 552,000 81.1 % 81.1 %

1901 Pennsylvania Avenue Washington, D.C.

1977 1960 101,000 86.4 % 82.0 %

1220 19 th Street

Washington, DC

1600 Wilson Boulevard

Arlington, VA

Silverline Center

Courthouse Square

Alexandria, VA

Washington, D.C.

1995 1976 103,000 87.6 % 82.7 %

2000 M Street (4)

Washington, DC

1140 Connecticut Avenue

Washington, DC

1227 25th Street

Washington, DC

John Marshall II

Fairgate at Ballston

Arlington, VA

Army Navy Building

Washington, DC

Washington, D.C.

2007 1971 233,000 82.2 % 81.6 %

1775 Eye Street, NW

Washington, DC

Watergate 600

Washington, DC

Arlington Tower

Arlington, VA

1140 Connecticut Avenue Washington, D.C.

2011 1966 184,000 88.6 % 88.6 %

Army Navy Building Washington, D.C.

2014 1912/1987/2017 108,000 100.0 % 98.3 %

1775 Eye Street, NW Washington, D.C.

2014 1964 189,000 86.6 % 86.6 %

Watergate 600 Washington, D.C.

2017 1972/1997 294,000 89.2 % 89.1 %

Subtotal 2,665,000 86.6 % 85.7 %

Retail Centers

Takoma Park, MD

Westminster, MD

Concord Centre

Springfield, VA

Chevy Chase Metro Plaza

Washington, DC

Washington Street

Alexandria, VA

Randolph Shopping Center

Rockville, MD

Montrose Shopping Center

Rockville, MD

Spring Valley Village

Washington, DC

Washington Street Alexandria, VA 1998/2003 1955/1959 46,000 86.3 % 86.3 %

Concord Centre Springfield, VA 1973 1960 75,000 90.2 % 90.2 %

Randolph Shopping Center Rockville, MD 2006 1972 83,000 97.4 % 86.4 %

Montrose Shopping Center Rockville, MD 2006 1970 151,000 73.0 % 73.0 %

Takoma Park Takoma Park, MD 1963 1962 51,000 100.0 % 100.0 %

Westminster Westminster, MD 1972 1969 150,000 94.2 % 94.2 %

Chevy Chase Metro Plaza Washington, D.C.

1985 1975 49,000 83.0 % 83.0 %

Spring Valley Village Washington, D.C.

2014 1941/1950/2018 94,000 93.8 % 87.6 %

Subtotal 699,000 89.0 % 86.5 %

TOTAL 9,461,000

______________________________

(3) Percent leased and ending occupancy calculations are based on square feet that includes temporary lease agreements for commercial properties.

3 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties