Acquisitions and Redevelopment
Fairfield Residential has a well-defined program of acquisitions, redevelopment planning and renovation, and property dispositions that makes its investment strategy consistently successful. Well-conceived property redevelopment and repositioning programs, which enhance the economic value of existing properties, are an attractive alternative to new construction in select markets.
Our acquisitions team targets rental housing assets where market conditions indicate an opportunity to generate improved cash flow and property appreciation through market recovery, property repositioning, capital improvements, and professional property management.
Fairfield's redevelopment strategy:
- purchase properties in supply-constrained residential markets where new construction costs exceed redevelopment costs
- initiate due diligence process immediately to close acquisitions quickly and efficiently
- make physical improvements to the property to enhance its livability, value, marketability and image, resulting in increased rental income and property values
- add Fairfield-trained, professional property management teams to enhance leasing
- market and sell newly renovated properties at the value-added sales price.
In the past seven years, our acquisitions team successfully negotiated the purchase of 225 assets consisting of 63,000 apartment homes with a total value of $7 billion. We look forward to continuing our aggressive acquisition strategy.
If you have a proposal for land that will support the development of a combination of these housing types, please contact the acquisitions officer for your region.
View photo slideshows from select list of acquisitions and redevelopment properties.