![Fairstead representatives, HUD representatives, and big check.](https://fairstead.com/wp-content/uploads/2023/11/CW-GRRP-Group-Shot-scaled-e1699902552192.jpg)
Fairstead and HUD Celebrate $750K GRRP Award Announcement to Fund Installation of Solar Panels at Chenoweth Woods Apartments
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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