Fairstead Acquires 16 Properties From The Hampstead Cos.

Fairstead announced the acquisition of the general partner interests in a 1,568-unit portfolio from The Hampstead Cos. The portfolio, valued at $160 million, includes 16 properties in Arizona, California, Georgia, Maryland, Nevada, and South Carolina.

The acquisition increases Fairstead’s national footprint to 14 states and more than 11,500 affordable, mixed-income, and market-rate rental units. In the last three years, Fairstead, a fully integrated real estate firm, has acquired more than 8,000 units of affordable housing across the country.

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