Company News

The APFC committed $300 million to the open-ended Fairfield Affordable Housing Fund

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.

Fairfield has launched a new open-end affordable housing fund with ~$600 million of equity commitments closed to date in 2022.

Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Tommy Brunson, president of development and construction for Fairfield.

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 keeps moving up! This year, we ranked #8 on Top 10 Companies Completing Acquisitions and #24 on Top 50 Affordable Housing Owners.

Alderwood Court Senior Affordable Apartments ranked a 95 in the 2022 State ORA®️ Power Ranking – The Top properties by ORA®️ in the 50 States and D.C. We ranked in the 99th percentile!

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.