Fairstead

Fairstead

Develops and manages affordable apartment communities

Overview

Fairstead is a real estate company focused on creating affordable communities across the United States. It operates a full‑stack platform with in‑house teams for acquisitions, development, construction, asset management, and property management, and it owns and manages more than 27,000 apartments in 28 states. The company’s product is carried out by coordinating land and building acquisition, development and construction, then ongoing management and operation of affordable housing communities through its in-house teams. Fairstead differentiates itself by offering an end-to-end platform with control over every step of a project from purchase to long‑term management, combined with a nationwide footprint and a mission‑driven commitment to affordable housing. Its goal is to expand access to safe, affordable housing by growing and managing communities at scale while maintaining quality and community impact.

About Fairstead

Simplify's Rating
Why Fairstead is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Company Size

201-500

Company Stage

N/A

Total Funding

N/A

Headquarters

New York City, New York

Founded

N/A

People at Fairstead

People at Fairstead who can refer or advise you

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Simplify's Take

What believers are saying

  • Fairstead broke ground on $120M Samuel Madden Homes redevelopment in Alexandria, VA.
  • Fairstead completed $17.7M Lauderhill Point rehabilitation in Miami-Fort Lauderdale, FL.
  • Fairstead acquired Yale Village Apartments with $20M rehabilitation planned for Houston, TX.

What critics are saying

  • Blodgett and Tatum allegedly sabotaged Fairstead projects in 2020, causing $155,000 litigation loss.
  • Fairstead Capital Management sued Blodgett for $34M, indicating governance failure and reputational harm.
  • Blodgett’s hedge fund now competes with Fairstead for capital in same affordable housing markets.

What makes Fairstead unique

  • Fairstead promotes internal asset management and development leaders to Managing Director.
  • Fairstead develops workforce, market rate, affordable, and mixed-use communities nationally.
  • Fairstead expands into southeast market with newly opened Florida office.

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Benefits

Health Insurance

Vision Plans

401(k) Company Match

Paid Holidays

Paid Vacation

Paid Sick Leave

Life Insurance

Health Savings Account/Flexible Spending Account

Pet Insurance

Disability Insurance

Employee Discounts

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