National CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


National  + Finance  | 

Brookfield and Fairfield Residential Close $1B Fund III

Brookfield Asset Management Inc. and Fairfield Residential closed its Brookfield Fairfield U.S. Multifamily Value Add Fund III, attracting aggregate equity commitments of $1 billion. The duo’s third multifamily fund is looking for value-add apartments in select coastal markets.

To date, the Fund has 16 investments closed or under contract throughout the east and west coast of the U.S., with almost $470 million of equity committed to those investments. Fund investors include public and private pension plans, registered investment advisors, financial institutions, endowments and foundations and family offices. Brookfield Property Partners L.P. and Fairfield committed $330 million to the Fund.

“We are grateful for the strong commitment and support we have received from our investors in raising our largest multifamily Fund ever,” said Trey Stafford, Fairfield Portfolio Manager.

“Today, the multifamily space has great market fundamentals, alongside strong demographic trends, that create a compelling opportunity for us to apply our fully-integrated platform to generate and execute on multifamily investments.”

For comments, questions or concerns, please contact Amy Sorter


Inside The Story

Read More at Globe Newswire

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.