Return to News

Fairstead Scoops 204-Unit Affordable Apartment Community in Rhode Island

GlobeSt. | 03/27/20

Festival Field exterior

Fairstead, a real estate firm committed to the preservation of affordable housing, has acquired Festival Field Apartments, a 204-unit Section 8 family apartment property located in Newport, Rhode Island for $33.25 million.

The acquisition was financed through the issuance of low-income housing tax credits and tax-exempt bonds issued through RIHousing.

Read Full Article

GlobeSt.|Fairstead Scoops 204-Unit Affordable Apartment Community in Rhode Island|03/27/20

share