With an investment of $23.5M, Fairstead did a property-wide renovation that included
much-needed, in-unit updates to the two- and three-bedroom apartments, including
improvements to the HVAC network. Infrastructure enhancements included the installation
of a radon mitigation system. And the exterior got its own sprucing, with new roofs and
windows, a façade restoration, and a new basketball court and playground. Updated
hallways, stairwells, and common spaces completed the revitalization.
After acquiring Woodland Crossing, Fairstead took over day-to-day operations of the site,
reflecting our core belief that property owners make the best property managers. Such
oversight is a major step toward achieving an important organizational aim: to positively
impact individual residents and their community whenever 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 issues tied to personal growth and success, including education,
employment assistance, health and wellness, food insecurity, and access to relevant local,
state, and national government assistance programs. At many properties, special events
curated by the on-site team bring neighbors together and foster a sense of community.