Company News

Fairfield recently closed on the acquisition of four multifamily communities with plans to add value through renovations. Parkfield Apartment Homes and Sienna at Cherry Creek Apartments are the organization’s third and fourth assets acquired in Colorado this year, adding 476 and 220 apartment homes to Fairfield’s footprint respectively, while Deerwood Apartments and Marquessa Villas Apartments and Townhomes add 316 and 336 homes respectively in Southern California.

Fairfield today announced the acquisition of St. Lucia Apartment Homes, Kaleidoscope Apartment Homes, and Collage Apartment Homes in Las Vegas, Nevada, adding 882 apartments to its portfolio in the region.

Fairfield recently closed on the acquisition of The Apartments at Shade Tree, a 248-apartment housing community offering a mixture of one-, two- and three-bedroom floor plans and the unique opportunity for residents to live on the highly desirable Johns Island in the Charleston MSA with the conveniences of a luxury complex.

Fairfield today announced the completion of the final construction phase of 333 Ellington Apartments inside the Downtown Crown planned community development. Located in the heart of the master plan at 333 Ellington Blvd., Gaithersburg, MD, this brand-new multifamily community adds 244 spacious studio, one-, two-, and three-bedroom apartments, including 27 affordable homes.

Fairfield today announced the completion of the final construction phase of Bevel Apartments located at 3250 Barnett Avenue in San Diego, CA. Across the street from the Marine Corps Recruit Depot San Diego and close to both historic Old Town San Diego and the Liberty Station planned development, this brand-new multifamily community adds 405 studio, 1- and 2-bedroom apartment homes to San Diego’s burgeoning Midway District.

Proud of providing residents quality living at a price they can afford, we are excited to be ranked on the National Affordable Housing Management Association's Affordable 100 list of the largest affordable multifamily property management companies.

This year, we are excited to be ranked on the NMHC Top 50 Largest Apartment Owners and Top 50 Largest Apartment Managers and the NMHC Top 25 Developers and Top 25 Builders.

Fairfield today announced the completion of construction of V2 Apartments in Chelsea, MA. Located at 250 Vale Street, the multifamily community adds 256 brand-new studio, 1- and 2-bedroom apartment homes to Boston’s metro area near the MBTA Silver Line and downtown Chelsea.

Today, Fairfield announced the completion of construction of Chroma Apartment Homes in Canoga Park, CA. The luxury multifamily community located at 6709 Independence Ave. #100 adds 275 brand-new studio, 1- and 2-bedroom apartment homes in Warner Center.

Today, Fairfield announced the completion of construction of 1810 Main Apartments in Houston, TX. The multifamily community located at 1810 Main Street adds 284 brand-new studio, 1-, 2- and 3-bedroom apartment homes to downtown Houston.

Today, Fairfield announced the completion of construction of East Bend Apartments in Houston, TX. The multifamily community located at 1111 W. 6th St. adds 269 brand-new studio, 1- and 2-bedroom apartment homes to the growing neighborhood of The Heights.

Fairfield today announced the completion of the final construction phase of Altitude Apartments in South San Francisco, Calif. The new building adds 94 studio, 1- and 2-bedroom apartment homes to the multifamily community located at 150 Airport Blvd., bringing the total to 251 apartment homes, including options with a den and 11 designated affordable apartments.

Fairfield recently closed on the acquisition of The District at Scottsdale, a 332-unit luxury housing community in Scottsdale, AZ, offering a mixture of one- and two-bedroom apartments and on-site retail in a highly accessible location.

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.

The NAHMA Affordable 100 comprises the largest affordable multifamily property management companies, ranked by affordable unit counts.

Fairfield has been ranked on the Top 50 Affordable Housing Owners of 2022 by Affordable Housing Finance.

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 keeps moving up! This year, we increased our positions on both the Top 50 Largest Apartment Owners and Top 50 Largest Apartment Managers.

Amy Garzot featured in San Diego Business Journal's Women of Influence in Construction

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.

Michelle Lord Named Rainmaker in CRE Debt, Equity and Finance by GlobeSt. Real Estate Forum

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!

Alaska Permanent Fund Corporation (APFC) is investing $300m (€285m) in the Fairfield Affordable Housing Preservation Fund, according to a board meeting document.

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.

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.

Read the full article on page 6 of the Sandy Springs Reporter.

Fairfield has added Broadstone Candara in Los Angeles to its portfolio. Read the full article on Commercial Observer.

Fairfield is proud to have been part of the massive transformation in Kirkland, WA that is now an award-winning transit-oriented mixed-use community hub.

See the full list on Affordable Housing Finance.

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.

See all of the rankings from National Multifamily Housing Council.

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.

The Village at Totem Lake is pleased to announce more businesses will soon find their new home at the Eastside’s ever-growing mixed-use lifestyle center.

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.

Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Greg Pinkalla, Chairman and CEO of Fairfield Residential.

The pandemic has rewritten the playbook, but operators are finding solutions in a rapidly changing landscape. Read the article with commentary from Fairfield's Kim Bender on Multi-Housing News.

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.