It’s our goal to help create and preserve affordable housing throughout the U.S. We seek to acquire properties that are rent restricted, many of which were formed under the federal LIHTC program and have units available to residents who are often the most cost-burdened.
With a focus on asset quality and stability of cash flow, we acquire newer assets, often at a discount to replacement cost, with the intent to provide operational improvement over a 10-year hold period.
With support from the LIHTC program, we develop multifamily properties with rents affordable to residents who qualify based on their income.
U.S. Multifamily Debt
We buy newly originated subordinated tranches of Freddie Mac securitized debt pools with 7- and 10-year maturity terms to the underlying fixed rate mortgage.
Fully Integrated Vertical Platform
Our comprehensive, fully integrated in-house real estate platform is one of our greatest strengths because it allows us to handle both acquisitions and development throughout the complete life cycle of a project. With deep transactional knowledge that has been honed over hundreds of transactions, our team comprises long-tenured executives who average 26 years of industry experience.
As one of the largest multifamily real estate companies in the United States, Fairfield is a leading provider of acquisition, entitlement, development, construction, renovation, property and asset management, and disposition services. We provide investment advisory, sub-advisory, management, administrative, and other services to Funds and other entities and ventures primarily with respect to direct and indirect investments in real estate properties.
In-depth Transactional Knowledge & Research of U.S. Apartment Markets
With decades behind us, Fairfield has honed its market research and transactional experience across multifamily asset types in top-tier and second-tier markets throughout the U.S., which we believe provides us a strong foundation for weathering business cycles and industry shifts.
Strong Institutional Ownership
Fairfield is majority-owned by California State Teachers’ Retirement System (CalSTRS), the largest educator-only pension fund in the world, and the nation’s second largest public pension fund. As a co-investor and participant in every fund and project, CalSTRS brings strategic stability to all we do.
Our uniquely integrated processes together with our ownership by CalSTRS enables us to pursue diverse investment strategies. This approach allows us to expand our customer and talent focus and deepens our experience, understanding, and knowledge — everything that sets Fairfield apart.
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