Fairstead Receives $500 Million Equity Commitment to Expand Portfolio

Fairstead, a national real estate developer focused on the creation and preservation of affordable housing, announced a new equity commitment of $500 million to strategically grow the company’s operations.

The new capital from the firm’s key investors will be used to expand Fairstead’s multifamily housing portfolio and enhance its proptech, sustainability, and community impact programming for its affordable, workforce, and market-rate housing residents across the country, said the firm.

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