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Fairstead, LIHC Acquire NJ Affordable Housing Portfolio

Multi-Housing News | 11/02/21

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.

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Multi-Housing News|Fairstead, LIHC Acquire NJ Affordable Housing Portfolio|11/02/21