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Villa Mirage

Fairstead acquired Villa Mirage, a 98-unit gated property in Rancho Mirage, CA, in
2019. Set among tall palms and with spectacular views of the San Jacinto Mountains,
this community of two-story, two- and three-bedroom, one- and one-half-bath
townhomes boasts a pool (with resurfaced deck), a refurbished playground, business
center and laundry facilities, and high-speed wifi. Fairstead’s investment has entailed
in-unit improvements and a general refreshing of the premises that included security
and site lighting upgrades, installation of smoke and carbon monoxide detectors and an
increased attention to landscaping.

As part of its acquisition, Fairstead extended the property’s Section 8 protections,
guaranteeing that residents will enjoy the benefits of their affordable homes well into
the future. After acquiring Villa Mirage, Fairstead assumed management duties of the
property. On-site oversight is essential to fulfilling the company’s self-imposed obligation
to positively impact both individual residents and the community when and wherever
possible. These impacts include establishing a higher-than-expected standard of
property upkeep. As a matter of formal policy and firm philosophy, Fairstead is focused
on creating and maintaining comfortable, well-kept communities that promote a sense
of pride for all residents.

As a general firm principle, Fairstead’s in-house social services team aims to establish
regular communal events and life-assistance programming at all its properties,
based on residents’ particular wants and needs. More often than not these events
and services involve issues fundamental to personal growth and success, education,
employment assistance, health and wellness, food insecurity, and access to
government assistance programs.

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