Phoenix
San Francisco
Los Angeles
Orange County
Sacramento
San Diego
San Jose
Denver
Fort Lauderdale
Miami
Palm Beach
Atlanta
Baltimore
Washington, D.C. - Maryland
Boston
Las Vegas
Raleigh
Providence
Austin
Dallas
Houston
Washington, D.C. - Virginia
Norfolk
Richmond
Seattle
San Antonio
Inland Empire
Boulder
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.
We purchase, renovate and reposition existing properties where under-investment and sub-par management has impeded asset quality and performance.
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.
We build class-A multifamily projects in dense urban areas, enhanced by thoughtful design and amenity choices and proximate to ample employment and retail.
We develop lower-density garden-style multifamily projects in suburban locations.
We target land sites and build multifamily projects located in Qualified Opportunity Zones.
We develop attached and detached rental homes appealing to residents who desire more space and privacy.
With support from the LIHTC program, we develop multifamily properties with rents affordable to residents who qualify based on their income.
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.
Vertically Integrated Platform
Our comprehensive, vertically 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.