Return to News

Fairstead Acquires Downtown Newark’s Essex Plaza Portfolio

NJBIZ | 11/01/21

A fully affordable housing portfolio in New Jersey’s largest city has a new owner who plans to invest millions to begin upgrades for one building at the complex before the year is out, with improvements to come later at the remaining 12 properties.

On Nov. 1, Fairstead said it and LIHC Investment Group acquired the 691-unit Essex Plaza portfolio in Newark as a joint venture.

Read Full Article

NJBIZ|Fairstead Acquires Downtown Newark’s Essex Plaza Portfolio|11/01/21