Fairstead Venture launches technology solutions

Fairstead, a purpose-driven, vertically integrated real estate company committed to sustainable development and the creation and preservation of high-quality housing, announced the launch of Fairstead Ventures. The $100 million initiative will focus on strategic investments and deploying leading-edge technologies across Fairstead’s affordable housing portfolio, which is on track to grow to more than 30,000 units during the next year.

“The creation of Fairstead Ventures advances our dedication to fundamentally changing the standards in the housing industry, particularly at the intersection of sustainability and affordability,” said Jeffrey Goldberg, CEO of Fairstead. “By utilizing our capital and expertise in private equity and venture investing, we will bring innovative solutions to affordable housing nationwide.”

“For too long, affordable housing has been underserved in tech, even though the impact could be immense,” said Aki Karja, director of Proptech.