![Fairstead representatives, HUD representatives, and big check.](https://fairstead.com/wp-content/uploads/2023/11/CW-GRRP-Group-Shot-scaled-e1699902552192.jpg)
Fairstead and HUD Celebrate $750K GRRP Award Announcement to Fund Installation of Solar Panels at Chenoweth Woods Apartments
PHILADELPHIA, PA – New York-based real estate developer, Fairstead has acquired a 45-story, mixed-use multifamily building in Philadelphia’s Rittenhouse Square neighborhood for $233 million. The firm purchased the property from Barings.
The transaction represents the largest single-asset sale in Philadelphia’s multifamily market history. The transaction also serves as Fairstead’s first acquisition in Philadelphia.
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