Middleburg Markets Report Q1 2025

We are pleased to present our Middleburg Markets Report for the first quarter of 2025. We have always been proud of our consistently strong performance in all aspects of the rental housing industry and the rigorous, data-driven approach we deploy to evaluate the local conditions that are key to our success in development, acquisition, or other forms of investment in each market. We have worked particularly hard on extending our capabilities to evaluate markets in every part of the country, as we expect to grow over the next few years into one of the country’s largest providers of high-quality attainable rental housing.

This report summarizes the conditions and outlook for 30 of the largest markets nationwide, along with 10 in a rotating selection of other large or medium-sized markets in all regions of the country. We hope you will value this report as much as we value the analysis it reflects. We also hope that you will grow with us into the best markets throughout the country.