Fairstead

Tredway Appoints David Rattner as Vice President

Retrieved on: 
Thursday, October 26, 2023
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NEW YORK, Oct. 26, 2023 /PRNewswire/ -- Tredway , an affordable and mixed-income real estate developer that builds and preserves high-quality, high-opportunity housing, today announced the addition of David Rattner to its investments team in the role of Vice President.

Key Points: 
  • NEW YORK, Oct. 26, 2023 /PRNewswire/ -- Tredway , an affordable and mixed-income real estate developer that builds and preserves high-quality, high-opportunity housing, today announced the addition of David Rattner to its investments team in the role of Vice President.
  • "The addition of a talent like David will accelerate Tredway's work to deliver housing that fosters stability, economic independence and community in people's lives," said Will Blodgett, Founder & CEO, Tredway.
  • "David shares our values and commitment to inspiring positive social change through each investment and we are thrilled to welcome him onboard."
  • Prior to joining Tredway, David was at Fairstead on its acquisitions team where he helped lead the redevelopment of over 2,000 units of affordable housing across the country.

Fairstead Promotes Internal Development and Asset Management Leaders Rob Dunn and Noah Hale to Managing Director

Retrieved on: 
Wednesday, August 9, 2023
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In recognition of their impact and expertise, as well as Fairstead's commitment to developing and supporting internal talent, Rob Dunn and Noah Hale have been appointed as Managing Directors.

Key Points: 
  • In recognition of their impact and expertise, as well as Fairstead's commitment to developing and supporting internal talent, Rob Dunn and Noah Hale have been appointed as Managing Directors.
  • With almost two decades of experience in the real estate industry, Rob Dunn, Managing Director, Asset Management, will serve as head of Fairstead's asset management group, overseeing the firm's portfolio of workforce, market rate, affordable, and mixed-use communities.
  • Noah Hale, Managing Director, Development, offers expertise in acquisition, rehabilitation, and development of affordable and mixed-income housing.
  • "We are proud to elevate Fairstead team members Noah Hale and Rob Dunn to the roles of Managing Directors," said Jeffrey Goldberg, CEO of Fairstead.

Fairstead Deploys K5 at Coppertree Village Apartments in Houston, Texas

Retrieved on: 
Thursday, July 20, 2023
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Similar to the positive results experienced by Liberty Village in Las Vegas , the K5 will be helping to deter crime and loitering in an effort to create a safer and more secure community for its families.

Key Points: 
  • Similar to the positive results experienced by Liberty Village in Las Vegas , the K5 will be helping to deter crime and loitering in an effort to create a safer and more secure community for its families.
  • View the full release here: https://www.businesswire.com/news/home/20230720178590/en/
    Fairstead Deploys K5 at Coppertree Village Apartments in Houston, Texas (Photo: Business Wire)
    Coppertree Village Apartments is a Fairstead owned and managed community centrally located in one of Houston's most historic neighborhoods, Acre Homes.
  • The 2023 Annual Meeting of Stockholders (the “Annual Meeting”) will be held today at 1pm Pacific Time.
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Coppertree Village Apartments to Be Revitalized Under New $25 Million Renovation Plan

Retrieved on: 
Wednesday, February 22, 2023
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HOUSTON, Feb. 22, 2023 /PRNewswire/ -- Fairstead, Houston Mayor Sylvester Turner, City Council Member Tarsha Jackson, and partners today announced a $25 million renovation at Coppertree Village Apartments, a fully affordable community located in the Acres Homes neighborhood of Houston, Texas. Fairstead – a purpose-driven vertically integrated real estate company – developed a comprehensive plan of improvements that will deliver upgrades to all 324 apartments, building systems, and throughout the campus.

Key Points: 
  • Fairstead – a purpose-driven vertically integrated real estate company – developed a comprehensive plan of improvements that will deliver upgrades to all 324 apartments, building systems, and throughout the campus.
  • Fairstead acquired Coppertree Village Apartments in September 2021 and immediately started to address the historical issues and needs of the community while it developed the comprehensive renovation strategy.
  • "Residents of Coppertree Village will benefit from unit upgrades as well as improvements to the community amenities."
  • Fairstead and Council Member Tarsha Jackson, who represents the district including Coppertree Village, are collaborating on additional services and improvements for residents and the community.

ALIVE! To Bring New Food Hub and Services to Redeveloped Samuel Madden Homes

Retrieved on: 
Thursday, February 2, 2023
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ALEXANDRIA, Va., Feb. 2, 2023 /PRNewswire/ -- ALIVE!, the largest private safety net in Alexandria dedicated to fighting poverty and hunger, will establish a new food and services hub at the redeveloped Samuel Madden Homes.

Key Points: 
  • Samuel Madden Homes is being redeveloped and reimagined by Alexandria Redevelopment & Housing Authority, Fairstead, Mill Creek Residential, and The Communities Group
    ALEXANDRIA, Va., Feb. 2, 2023 /PRNewswire/ -- ALIVE!, the largest private safety net in Alexandria dedicated to fighting poverty and hunger, will establish a new food and services hub at the redeveloped Samuel Madden Homes.
  • "Being a part of the new vision for the Samuel Madden Homes will help ALIVE!
  • Food Hub location for free groceries, and leave connected to other supports, such as educational, workforce, and health care services."
  • This food hub is much needed in Alexandria where 31% of families face food insecurity, according to a 2022 survey from the Capital Area Food Bank.

Tredway Appoints New Managing Partners, Capping Off Year of Growth

Retrieved on: 
Thursday, January 19, 2023
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In their new roles as Managing Partners, Billy and Adam will help oversee Tredway's acquisition and development efforts across the United States.

Key Points: 
  • In their new roles as Managing Partners, Billy and Adam will help oversee Tredway's acquisition and development efforts across the United States.
  • "Billy and Adam are exceptional leaders who live and breathe the critical mission of providing affordable housing as a pathway to opportunity," said Will Blodgett, Founder & CEO, Tredway.
  • "I'm excited to have Billy and Adam join Tredway and enhance our ability to ex­ecute cutting-edge projects that are deeply impactful," added Blodgett.
  • Sussi comes to Tredway from TerreAlto where he was a Managing Partner focused on the acquisition of affordable housing in New York City.

FAIRSTEAD AND INTERVEST CAPITAL PARTNERS ANNOUNCE ACQUISITION OF MARYLAND RESIDENTIAL COMMUNITY, INTRODUCE THE IVY ROCKVILLE

Retrieved on: 
Monday, January 9, 2023
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ROCKVILLE, Md., Jan. 9, 2023 /PRNewswire/ -- Fairstead, a purpose-driven, vertically integrated real estate company committed to sustainable development, and InterVest Capital Partners today announced the acquisition of Villas at Rockville, a residential community in the Shady Grove neighborhood of Rockville, Maryland. The community consists of 210 spacious townhomes, averaging more than 1,900 square feet of living space, and will be rebranded as The Ivy Rockville.

Key Points: 
  • Fairstead grows Maryland footprint with the acquisition of Villas at Rockville, announces a rebranded residential campus as The Ivy Rockville
    ROCKVILLE, Md., Jan. 9, 2023 /PRNewswire/ -- Fairstead, a purpose-driven, vertically integrated real estate company committed to sustainable development, and InterVest Capital Partners today announced the acquisition of Villas at Rockville, a residential community in the Shady Grove neighborhood of Rockville, Maryland.
  • "The Ivy Rockville offers the comforts of townhouse living in a desirable location within the DC metro area," said David Murstein, Managing Director, Development at Fairstead.
  • With two-, three-, and four-bedroom homes, all with private entryways, The Ivy Rockville features well-appointed residences with plenty of work-from-home space.
  • "We are thrilled to add The Ivy Rockville to our growing market-rate portfolio," said Toni Harris, Vice President, Operations at Fairstead.

FAIRSTEAD NAMES SALLY HEBNER THE COMPANY'S CHIEF FINANCIAL OFFICER

Retrieved on: 
Wednesday, October 19, 2022
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NEW YORK, Oct. 19, 2022 /PRNewswire/ -- Fairstead, a national purpose-driven, vertically integrated real estate company, today announced that real estate industry veteran Sally Hebner has joined the company as its Chief Financial Officer. Hebner has three decades of experience in real estate accounting and finance and most recently served as the Chief Financial Officer of Enterprise Community Partners, the leading national non-profit housing provider, which she joined in 2005.

Key Points: 
  • Hebner has three decades of experience in real estate accounting and finance and most recently served as the Chief Financial Officer of Enterprise Community Partners, the leading national non-profit housing provider, which she joined in 2005.
  • "I am thrilled to officially welcome Sally to Fairstead as our Chief Financial Officer and a key member of our leadership team," said Jeffrey Goldberg, CEO of Fairstead.
  • She also led the capital division finance functions, including housing credit, mortgage, real estate equity, and development, before becoming Chief Financial Officer in 2017.
  • "There couldn't be a more exciting time to join Fairstead," saidSally Hebner.

FAIRSTEAD AND ALACHUA COUNTY CELEBRATE SWEETWATER SQUARE WITH COMMUNITY DAY AND RIBBON CUTTING

Retrieved on: 
Thursday, June 2, 2022
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GAINESVILLE, Fla., June 2, 2022 /PRNewswire/ -- Fairstead, a purpose-driven, vertically integrated real estate company committed to sustainable development and the creation and preservation of high-quality housing, and officials from Alachua County today celebrated the completion of renovations of Sweetwater Square in Gainesville, Florida with a Community Day party for residents and ribbon cutting. The rehabilitation of the fully affordable development, formerly known as Forest & Village Apartments, preserves 200 beautiful, affordable homes for years to come. The project was funded through the Alachua County Commission's approval of $26.5 million in Alachua County Housing Finance Authority Multifamily Mortgage Revenue Bonds.

Key Points: 
  • The project was funded through the Alachua County Commission's approval of $26.5 million in Alachua County Housing Finance Authority Multifamily Mortgage Revenue Bonds.
  • Fairstead worked with residents to rename the property Sweetwater, named for nature destinations around Gainesville in celebration of the renovations and new connections to the community.
  • "In partnership with trusted local leaders and organizations, we are making sure that Sweetwater Square is more than a place to live, but a thriving community."
  • The Community Day brought together Sweetwater Square families and community leaders for an afternoon of entertainment and food.

FAIRSTEAD VENTURES LAUNCHES TO DRIVE INNOVATIVE TECHNOLOGY SOLUTIONS FOR AFFORDABLE HOUSING

Retrieved on: 
Thursday, May 5, 2022
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NEW YORK, May 5, 2022 /PRNewswire/ -- Fairstead, a purpose-driven, vertically integrated real estate company committed to sustainable development and the creation and preservation of high-quality housing, announced the launch of Fairstead Ventures today. This $100 million initiative will focus on strategic investments and deploying leading-edge technologies across Fairstead's affordable housing portfolio, which is on track to grow to over 30,000 units over the next year.

Key Points: 
  • "The creation of Fairstead Ventures advances our dedication to fundamentally changing the standards in the housing industry, particularly at the intersection of sustainability and affordability," said Jeffrey Goldberg, CEO of Fairstead.
  • "By utilizing our capital and expertise in private equity and venture investing, we will bring innovative solutions to affordable housing nationwide."
  • Fairstead named Aki Karja the company's Director of Proptech to realize Fairstead Ventures' vision to sustainably retrofit aging affordable housing stock with the latest technology solutions while creating state-of-the-art new developments.
  • Fairstead Ventures will act as a strategic investor piloting innovative products and services and scaling new and proven technologies to enterprise level.