Fairstead Investors Pump $500M into Next Growth Spurt

New York-based affordable housing investor, Fairstead, has announced a new $500 million equity commitment from investors to expand the company’s operations.

Since its founding in 2014, Fairstead has acquired or developed more than $4 billion of multi-family properties and is currently working on a pipeline of $2.3 billion in new acquisitions across the country including Florida, Kentucky, New Jersey, New York, Pennsylvania, and Washington, D.C.

The new capital will fund an expansion on its multi-family portfolio and enhance the firm’s prop tech, sustainability, and community impact programming for its affordable, workforce and market rate housing residents across the country.

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