The California State Teachers' Retirement System, better known as CalSTRS, has acquired a 65% stake in multifamily operator Fairfield Residential from Brookfield … Prior to joining Fairfield, he served as Executive Director of Information Technology at Cepheid, a molecular diagnostic company. The company is currently building a six-story apartment building, the Fairfield Pompano, at 601 North Federal Highway in Pompano Beach, which will have 327 rental units along with ground-floor commercial space. Prior to joining Fairfield, Mark was employed by Architects BP Associates 2001-2005, Case Group Architects 1996-2001 and Architects Lorimar-Case 1993-1996. !function(o){o("#aboutus .headshot").hover((function(){o(this).find("img.hover").stop().fadeIn()}),(function(){o(this).find("img.hover").stop().fadeOut()})),o("p:empty").remove()}(jQuery); A note from Fairfield Residential about COVID-19. El Cajon Mayor Bill Wells and City Councilman Gary Kendrick want to remove Planning Commissioner Humbert Cabrera, alleging he has been rude to … Senior Vice President – Head of Portfolio Management. As one of the largest vertically-integrated multifamily real estate companies in the United States, Fairfield is a leading provider of acquisition, development, entitlement, construction, renovation, property and asset management, and disposition services. This team of passionate leaders is fueled by diverse experience, innovative thinking and expertise in all facets of the business. Paul is responsible for overseeing Fairfield’s affordable housing platform and 11,000 unit affordable portfolio. CalSTRS, the California state … December 29, 2020 at 10:12 AM. The asset value of its investment portfolio was $233.9 billion as of April 2019, according to its website. There he was responsible for building and managing the $7.5 billion global multifamily portfolio while working directly with Fairfield and other CalSTRS development and operating partners. Berkdale is a 296-unit apartment community located in Riverside, CA with 31 garden-style buildings comprised of studio, 1, 2 and 3-bedroom floor plans averaging 579 square feet. Calls to CalSTRS and Brookfield were not immediately returned. During her tenure there, she was responsible for the initial Asia market entry research for Prologis and held several positions including office manager in Tokyo, Japan, vice president and assistant to the chairman of Prologis Trust, and associate at Archstone Trust. & General Counsel, Executive Vice President Senior Vice President – Head of Project Finance. The Company provides development, construction, renovation, asset and property … May 14, 2019 Joseph Pimentel, Bisnow. Josh received a Bachelor of Science degree in Finance and MBA in Urban Land Development from California State University, Sacramento. He also served as president of Downey’s real estate development company and was a member of its board of directors. These cookies will be stored in your browser only with your consent. South Florida’s pandemic-fueled residential market poised for bull run in 2021, Kate Ford’s Palm Beach estate sells for $55M, You get a condo! All rights reserved © 2021 The Real Deal is a registered Trademark of Korangy Publishing Inc. CalSTRS serves more than 949,000 members and families. Necessary cookies are absolutely essential for the website to function properly. Jon joined Fairfield in 2009 and is responsible for managing the transactional and legal affairs of Fairfield, including corporate, operational and litigation matters. As Head of Portfolio Management, Lisa oversees the management of Fairfield’s Funds and Joint Ventures. Mark is responsible for overseeing the design process of urban, mix-use and garden product developments in the western United States for Fairfield. Fairfield was recently awarded a Healthy Eating Award by Trafford Metropolitan Borough Council. Its portfolio includes properties in the office, multi-family residential, retail, hospitality, and logistics industries throughout North America, Europe, and Australia. These cookies do not store any personal information. Executive Vice President & Chief Financial Officer. It is mandatory to procure user consent prior to running these cookies on your website. [Pensions&Investments] — Keith Larsen. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Michelle joined Fairfield in 2002 and is responsible for managing equity and debt relationships for the company and is the portfolio manager of the Fairfield Create Core Multifamily Fund. Fairfield Residential. She leads a team of portfolio managers and analysts responsible for investment performance, implementation of each Fund’s business strategies with Fairfield’s various business units, and investor relations. Kim received her undergraduate education at Radford University and went on to achieve her MS in psychology with an industrial organizational focus from Augusta State University (ASU). The price was not disclosed. Brookfield previously obtained its majority interest in Fairfield as part of the latter’s reorganization and emergence from Chapter 11 bankruptcy … Pinnacle at Abbey Park LTD, an affiliate of the Miami-based developer, sold the 160 apartments at 1921 and 1862 Abbey Road to San Diego-based … Round-up of top news and topics for each of the following cities: Editorially-curated headlines and news to know for the following areas: The numbers behind office leases, retail, sales and financing. A native of Chicago, IL, Chris attended Northern Illinois University in Dekalb, IL. Patrick has over 25 years of experience in Information Technology, aligning business strategy with IT solutions, sharpening operational performance and driving global standardization. There he was responsible for originating and placing institutional real estate debt and equity capital. Chief Information Officer – Information Systems. He graduated with a Bachelor of Science degree in business administration from Birmingham-Southern College and a master’s degree in real estate development and finance from Columbia University in New York. Jon started his career with Paul Hastings LLP practicing transactional real estate law. Try again later. Fairfield Residential. A seasoned HR expert, Kim’s career spans over 20 years and includes a stint as a manager at an HR consulting firm before joining Fairfield. Additionally, he is currently the Portfolio Manager for Fairfield’s Value Add Fund II and III where he oversees investment performance, implementation of the Fund’s business strategies with Fairfield’s various business units, and investor relations for the Fund. She has more than 30 years of industry experience at both privately held management companies and REITS, as well as managing conventional and affordable apartment communities. Executive Vice President Coming Soon; Living with Us Josh is responsible for all aspects of investment strategy design, implementation and management across the company. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. He is involved in site selection, site planning, property-specific development decisions and works in tandem with Fairfield’s capital markets group to raise debt and equity capital. Richard joined Fairfield in 1995 and has been directly involved in the acquisition of over $20 Billion in multifamily properties for Fairfield and its investment partners. He is responsible for asset and portfolio oversight and financial performance, establishment and implementation of business planning, coordination of project redevelopment and asset preservation initiatives, and assisting with underwriting in both acquisitions and dispositions. Executive Vice President – Investment Management. In November, Fairfield Residential sold Siena Apartments, a 292-unit apartment community at 8080 Northwest 10th Court in Plantation to American Landmark for $62 million. Greg joined Fairfield in 1994 to start an acquisition/redevelopment business to complement Fairfield’s national development program. As the head of property management, Kim is responsible for Fairfield’s multifamily portfolio of 42,200 units in 32 markets nationally. Brookfield and Fairfield closed a $1 billion fund in September to invest in multifamily properties. While at ASU, Kim was a student member of the Society for Human Resource Management (SHRM) and instrumental in helping to develop the first HR student internship at the university. He serves on the Executive Committee for the National Multifamily Housing Council and is a Multifamily Council member of the Urban Land Institute. Beth Ann has over 20 years of compliance experience supporting investment advisers and financial service companies. Paul received his undergraduate degree as well as his MBA and MPH from UCLA. Kim began her career in property management at Hall Financial Group, Inc. For additional department contact information, click here. Greg joined Fairfield in 1994 to start an acquisition/redevelopment business to complement Fairfield’s national development program. Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse, Gables Residential scores $85M loan for Boca Raton apartment complex, Nuveen pays $103M for West Palm luxury apartments, Billionaire TV family sells Miramar property to Florida Crystals, Florida Crystals sells Margate rentals for $60M, Diesel family dishes on Wynwood condo project. You also have the option to opt-out of these cookies. Multi Location Business Find locations. Fairfield Residential has acquired a 0.7-acre site at 2869 NE Sandy Blvd, where zoning allows more than 200 units of apartments.The location is … (All fees, deposits and charges noted above are per pet.) Josh has served on the Advisory Board for the Robert Toigo Foundation and on both the Europe and Americas Editorial Advisory Boards for Institutional Real Estate Inc. On December 13, 2009, FFRT Residential, LLC, formerly known as Fairfield Residential, LLC, and its debtor affiliates filed voluntary petitions under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware, jointly administered under Case No. Prior to joining Fairfield in 2020, Josh was a Portfolio Manager at the California State Teachers’ Retirement System, the second largest public pension fund in the U.S. Fairfield Fairways Carolina, an affiliate of San Diego-based multifamily giant Fairfield Residential, sold the 208-unit complex at 2701 N. Rock Island Road to WE Fairways of … Michelle serves on the Transit Oriented Development Council of the Urban Land Institute and on the Finance Committee of the National Multifamily Housing Council. Prior to Fairfield, she was with Deloitte as a Senior Auditor in assurance and advisory services. Head of Portfolio Management, Senior Vice President – He is a member of the Pension Real Estate Association and the Urban Land Institute. 09-14386. Paul joined Fairfield in 2001 and has been directly involved in the acquisition and financing of over $10 Billion in multifamily properties, and has sourced over $7 billion in debt and tax credit equity. Mark is a graduate of the Phoenix Institute of Technology with a degree in Architecture and held a General Contractors license in the State of California. By clicking Subscribe you agree to our Privacy Policy. But opting out of some of these cookies may have an effect on your browsing experience. Property Management. Fairfield Residential Company LLC is a national property management company headquartered in San Diego, CA. Brookfield Residential is an award-winning land developer & homebuilder creating the best places to call home in Canada & the U.S. Fairfield Residential Company LLC 5510 Morehouse Drive, Suite 200 San Diego, CA 92121. He received his undergraduate degree from Boston College and JD from Duke University. Today he oversees all aspects of Fairfield’s development, acquisition and management businesses. Trey graduated from James Madison University in Virginia with a BA in business administration. Josh leads the Investment Management business at Fairfield, overseeing the portfolio management, capital markets and project finance segments of the business. Prior to joining Fairfield, Jon served as general counsel for real estate based companies including Downey Financial where he served in various capacities, including executive vice president, general counsel, chief operating officer, and corporate secretary. Lisa is also the Senior Portfolio Manager for Fairfield California Housing Fund, a $1.6B joint venture with the California State Teachers’ Retirement System (CalSTRS). Trey Stafford is Head of Capital Markets at Fairfield, responsible for capital raising efforts for all strategies across the platform. He is a member of Fairfield’s Investment Committee, Portfolio Committee, and Executive Committee. Investment Management, Senior Vice President – Richard is responsible for overseeing all investments made by Fairfield, as well as helping to establish investment strategy, market selection, and underwriting guidelines for Fairfield’s investments. Chris leads Fairfield’s Asset Management and Construction Management divisions nationally, and is based out of San Diego, California. Tax Credit Acquisitions, Chief Information Officer – REAL NEWS, REAL DEALS DELIVERED DIRECTLY TO YOU. 14 May 2019. Executive Vice President & General Counsel. Tommy also participates in asset management and strategic planning for properties in the eastern region. In 1904, the Rio de Janeiro Tramway, Light and Power Company was founded by Mackenzie's group. Fairfield Development L.P. owns and develops real estate properties. Trey joined Fairfield in 2005 and has been involved in the investment and multifamily housing industries for over 20 years. IMT Residential is a leading nationwide apartment operator with a portfolio that extends throughout Arizona, California, Colorado, Florida, Georgia, North Carolina, Tennessee & Texas. CalSTRS Buys Large Stake In Fairfield Residential From Brookfield. CalSTRS, the California state teacher pension fund, will be acquiring a company that manages 43,000 apartments nationwide, including luxury and affordable housing, the publication Pensions & Investments reported. From 1999 to 2008, Patrick served as Senior Vice President and Chief Technology Officer at CBRE, serving as the steward of a $32M annual IT budget and guiding the activities of 150 IT professionals. National Multifamily. It also sold two apartment complexes, one in Tampa and another in Sunrise, in October to Priderock Capital Partners for $98 million. Fairfield acquired Berkdale in January of 2018, and immediately began a sitewide renovation strategy. CalSTRS reportedly plans to buy the apartment company Fairfield Residential from Brookfield Asset Management. CalSTRS CEO Jack Ehnes and Fairfield Residential apartments. Kim received her education at North Lake College and holds her NCP-E (National Compliance Professional- Executive), CAPS (Certified Apartment Property Supervisor) and a CPM designation with the Institute of Real Estate Management. Please Allow Javascript and reload this page. Senior Vice President – Head of Capital Markets. During her tenure at Fairfield, Michelle has negotiated and closed over $9 billion in multifamily debt and equity with major banking institutions, life companies and institutional investors. Communities . Prior to joining Fairfield, he was chief financial officer for SBM Financial, a public investment company in Washington, D.C., and an auditor at Cohn Reznick. Fairfield Residential Company LLC is among the most experienced multifamily real estate operating companies in the United States. CalSTRS is also an investor in another fund of Brookfield’s and Fairfield’s. Business Profile. Shant received a Bachelor of Arts degree in business administration, cum laude, from California State University, Los Angeles. Since joining Fairfield in 2005, Mark has been involved in the design and construction of over 20,000 units, with projects in California, Arizona, Nevada, Washington, Oregon, Colorado and Texas. Awarded a Healthy Eating Award by Trafford Metropolitan Borough Council Land Institute and on the Transit Oriented development Council the! Number of Large assets in 2018 while you navigate through the website above per. Residential company LLC is a member of the support services for the NHP Foundation operator and developer that was in. 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