Located in East Cleveland, near beautiful Lake Erie and the Forest Hill historic district, Owls Nest
is a 10-story building of affordable one- and two-bedroom apartments for seniors.
Following its playbook when acquiring a property, Fairstead extended Owls Nest’s Section
8 status and began the thoughtful process of introducing a host of smart improvements
to the community. Beginning with eco-friendly renovations to kitchens and bathrooms
(LED lighting, energy-efficient appliances, low-flow plumbing fixtures) and continuing with
energy-efficient upgrades throughout the grounds (HVAC and CHP system upgrades, solar
panels), the ongoing rehab will have a lasting and positive impact.
Fairstead has also taken over day-to-day operations of the Owls Nest, reflecting our
core belief that property owners make the best property managers. This is a crucial step
toward achieving a primary organizational aim: to positively impact individual residents
and their community whenever and wherever possible. This includes establishing
and maintaining a higher-than-expected standard of property upkeep, as well as new
paradigms for operating transparency and resident communication.
Beyond this, Fairstead’s in-house social services team aims to establish life-assistance
programming tailored to community residents’ wants and needs. More often than not
these services involve areas fundamental to personal growth and happiness, including
health and wellness, food insecurity, and access to relevant local, state, and national
government assistance programs. A renovation of the property’s common areas ensure
that the team’s community events have a fitting stage.