Throughout our history, Fairfield has been mindful of ESG principles, and we are proud to share our first annual report outlining the initiatives, strategies, and achievements the organization made last year.
Fairfield today announced the completion of construction of The Moxley Apartments in Fairfax, VA. The multifamily community located at 4040 Gateway Drive adds 403 brand-new studio, 1-, 2- and 3-bedroom apartments to the D.C. metro area, including 24 designated affordable units.
Fairfield today announced the completion of the construction of The Belhaven Apartments in Alexandria, VA. The multifamily community located at 6375 Richmond Highway adds 349 studio, 1- and 2-bedroom apartments to the revitalization of the Route 1 Corridor, including 42 designated affordable units.
Fairfield today announced the completion of the construction of The Quill Apartments in Milford, Mass. The multifamily community located at 200 Deer St. offers 242 1-, 2- and 3-bedroom units, including 61 designated affordable units.
Fairfield today announced the completion of the construction of Vero Apartments located at located at 255 Vale St. in Chelsea, MA. Just 10 minutes from the MBTA Silver Line, the multifamily community offers 436 studio, 1- and 2-bedroom units, including 14 designated affordable units.
Fairfield today announced the completion of the construction of Verge Apartments along the BeltLine’s Southside Trail in Atlanta, GA. The multifamily community located at 125 Milton Ave SE offers 319 studio, 1- and 2-bedroom units, including 48 designated affordable units.
Fairfield today closed on the acquisition of Greens of Pine Glen, a 168-unit affordable housing community in Durham, NC, offering a mixture of two- and three-bedroom townhome and garden-style apartments.
Each year, Kayo highlights spectacular leaders who are not afraid to pursue new frontiers, explore complex ideas and bet on visionary entrepreneurs who see the world as it could be, not as it is today. The list is based on career field, seniority, and experience. Congratulations to Fairfield's Executive Vice President, Portfolio Management Lisa Haring for making the top 23!
UMFS, a statewide nonprofit leader in child and family services, has sold its Guardian Place affordable senior apartment buildings at 1620 N. Hamilton St. to multifamily housing operator Fairfield for $25.6 million.
Capital One announced today that it has provided more than $29 million in financing to Fairfield for the renovation of Grand Oaks Apartment Homes, a 216-unit affordable housing community in Chester, Virginia. The transaction included a new Low Income Housing Tax Credit (LIHTC) allocation and preserves the long term affordability of the property.
Fairfield held its final close on June 29, 2022 for its Fairfield U.S. Multifamily Core Plus Fund II LP (“Fund II”) with over $250.0 million of equity, bringing the total equity raised for Fund II to $750.0 million.
Fairfield is planning to hold a first closing for its open-ended Fairfield Affordable Housing Preservation Fund this month. The fund launched at the beginning of 2022 and will invest primarily in rent- and income-regulated affordable housing throughout the United States.
Woodlands at Forbes Lake Senior Affordable Apartments has been selected as the 2022 Community of the Year in the Affordables category by the Washington Multi-Family Housing Association. The state chapter of the National Apartment Association, WMFHA is a collection of over 196 property management companies and multifamily property owners representing more than 282,000 apartment homes.
JLL Capital Markets announced today that it has closed the $106 million sale of IDEA1, a 295-unit, award-winning, Class A mid-rise multi-housing community to Fairfield. IDEA1 embodies the live-work-create environment in the East Village neighborhood of downtown San Diego.
Lakeland Estates Apartments has been selected as the Winner for the 2022 Best of Stafford Awards in the category of Local Business. The Stafford Award Program supports and offers public recognition of the contributions of businesses and organizations in and around Stafford, TX.
Fairfield closed on a new development joint venture with $510.0 million of equity commitments funded by California State Teacher’s Retirement System (CalSTRS) and a sovereign wealth fund. Fairfield Suburban Development Joint Venture LP (the “Joint Venture”) closed in February 2022 and is focused on multifamily ground-up development in suburban locations in major markets throughout the U.S. This is the first Fairfield sponsored vehicle that pairs CalSTRS and a sovereign wealth investor.
With more than 40 years in the multifamily real estate industry, Greg Pinkalla is proud to see Fairfield grow into the bedrock of institutional investors’ portfolios that it is today. In this keynote for PERE Residential’s June 2021 edition, he outlines the major factors behind multifamily housing’s meteoric rise as an investment cornerstone and details his philosophy that executing multiple strategies in diversified markets is the key to future success.
Click to read his keynote.
We're proud to have been awarded "Best Client Service - Mid Cap" in the 2020 Best Asset Managers Awards by The Korean Economic Daily. Onwards and upwards! #FairfieldResidential. The Korea Economic Daily presented the Best Asset Manager award based on a survey of 20 Korean LP’s in relation to their most preferred external managers by asset class. Receipt of this award is in no way indicative of any individual client or investor’s experience with Fairfield Residential or our future performance.
Fairfield Residential Holdings LLC and Fairfield Residential Company LLC (collectively, “Fairfield”) closed on a newly formed $300 million multifamily debt joint venture (the “Fairfield Debt Joint Venture”) to invest in multifamily debt through the Freddie Mac “K Note Program.” The Fairfield Debt Joint Venture’s strategy is to invest in the subordinate tranches of securitized Freddie Mac debt pools.
Fairfield Residential (“Fairfield”) held the final close of Fairfield U.S. Multifamily Core Plus Joint Venture LP (the “Joint Venture”) in March 2020, with aggregate equity commitments of $307.7 million. This is the first Fairfield core plus fund since CalSTRS acquired a majority interest in Fairfield in April 2019 and the first Fairfield core plus fund since 2006. The Joint Venture seeks to invest in multifamily assets throughout the U.S. by acquiring assets up to 15 years old in suburban locations in major markets across the U.S.