WMRE talked to the firm’s founder Jeffrey Goldberg about the affordable housing market and Fairstead’s expanding focus on technology and sustainable development.
When Jeffrey Goldberg made his first multifamily investment nearly 25 years ago, he emptied his bank account. He couldn’t even pay his own rent until he received his next paycheck.
Fortunately, Goldberg’s risky move paid off—that $35,000 investment turned into more than $1 million. Over the next two decades, as he ventured beyond market rate housing into affordable and Section 8 housing with acquisitions in the Bronx, Inwood and Washington Heights neighborhoods of New York City, deals became more expensive, investors had more money and checks became much bigger.Read Full Article