During the first quarter of 2024, Fairfield acquired seven multifamily communities (1,969 units) in their value-add strategy. The market-rate apartment communities are located in the Denver, Nashville and Austin MSAs.
“These recent transactions are examples of Fairfield working with owners and/or lenders by bringing in new capital and operating expertise in order to create solutions for stakeholders,” said Wes Dickerson, executive vice president and head of acquisitions at Fairfield. “We are optimistic about the current market conditions as they provide an environment to access investment opportunities by working directly with owners and lenders through structured acquisitions and joint ventures. With current interest rates, many owners are struggling to fund capital for their properties. We’re ready to provide sponsorship and capital to assets in markets with strong demand drivers and long-term growth prospects.”
