Company News

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

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

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.

We ranked higher on the lists this year ranking #8 on Top 10 Companies Completing Acquisitions and #24 on Top 50 Affordable Housing Owners.

We ranked in the 99th percentile of the top properties by ORA®️ in the 50 States and D.C.

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.