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Fairstead makes $85M senior housing play in Newark

The Real Deal | 11/02/21

Essex Plaza building

Deal is part of $500M commitment to grow operations, expand multifamily

Last week, the New York-based development firm Fairstead committed $500 million to grow out its multifamily holdings as part of a larger expansion plan.

Monday, it put its money where its mouth is, buying a 13-property, 691-unit affordable housing portfolio in Newark.

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The Real Deal|Fairstead makes $85M senior housing play in Newark|11/02/21