Fairstead Announces $26M Rehabilitation of 152-Unit Affordable Housing Community in Chesapeake, Virginia
Usually, when a new owner takes over an affordable property, the first order of business is a major renovation to bring it up to modern standards.
But New York City-based Fairstead, which announced the acquisition of City View Park property in Louisville, Kentucky, earlier this week, won’t need to commence a rehabilitation project at the massive 503-unit apartment complex. That’s because Washington, D.C.-based Telesis Corp., the former owner, had already completed the rehab.
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