Fairfield Residential Company LLC
Fairfield Residential LLC and its debtor subsidiaries successfully emerged in accordance with its Plan of Reorganization from Chapter 11 proceedings effective August 1, 2010.
Reorganized Fairfield includes a newly capitalized service company, Fairfield Residential Company LLC, which with its subsidiaries, will provide development, construction and property and asset management services to the existing portfolio and new multifamily investments. As well, Fairfield Investment Company LLC was formed as the investment vehicle for new apartment developments and acquisitions.
Supported by new equity from Brookfield Asset Management and our long-standing partner, California State Teachers' Retirement System (CalSTRS), Fairfield Residential Company LLC will continue its property and asset management platform and is also now well positioned to be an active player in the multifamily real estate industry.
Our emergence and new capitalization will allow us to begin multifamily development and acquisitions while we continue focusing on managing our existing real estate portfolio.
Fairfield is a leading U.S. multifamily real estate operating company that provides acquisitions, entitlement, development, construction, redevelopment, property and asset management, and disposition services to its clients. Fairfield specializes in mixed-use, transit-oriented attached housing communities and offers a diversified product line including new construction of luxury apartment homes, university student housing, tax credit affordable housing properties, and redeveloped apartment homes in urban and suburban infill neighborhoods.
The Company is built around providing complementary services throughout the life cycle of a project to real estate investors. Fairfield provides development, construction, and construction management services to our joint venture partners, and property management, asset management, and disposition services to Fairfield joint venture affiliates and third party entities. Fairfield also helps investors locate, acquire, and/or sell multifamily property investment opportunities.