FAIRFIELD ACTIVELY ACQUIRING, EXPANDS PORTFOLIO IN CALIFORNIA AND COLORADO

The San Diego-based Developer and Property Manager Added Four Multifamily Communities in September

SAN DIEGO, Calif. – October 29, 2024 – 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.

“These four assets provide immediate scale to both submarkets for Fairfield and are true value-add opportunities with incredible upside potential,” said Vice President of Acquisitions Jason de Guzman. “Parkfield and Sienna at Cherry Creek are important additions to our strategy in Colorado, and Deerwood and Marquessa Villas are well-performing assets in California’s Inland Empire, a submarket that we have historically performed well in.”

About Fairfield

Fairfield is a leading owner, developer, and operator of multifamily communities throughout the U.S. We manage approximately 42,400+ units nationwide across luxury new construction, renovated apartment homes, and tax credit affordable housing in urban and suburban neighborhoods. We offer a fully integrated national multifamily services platform providing development, construction, renovation, asset and property management, and acquisition and disposition services to our investors. Fairfield operates nationwide, with regional offices in Atlanta, Boston, Dallas, Denver, and Washington, D.C. Fairfield Realty Advisors LLC is registered as an investment adviser with the U.S. Securities and Exchange Commission.

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