Fairstead Named 2025 Freddie Mac Multifamily Impact Sponsor
The new ownership will invest more than $27 million in improvements.
Fairstead and LIHC Investment Group have acquired a 691-unit affordable housing portfolio in Newark, N.J.
Fairstead and LIHC also received an undisclosed amount of acquisition financing from the Urban Investment Group within Goldman Sachs Asset Management and Berkadia. Dane Global represented both the buyer and the undisclosed seller in the transaction.
