Full-Time
Updated on 9/3/2026
Vertically integrated multifamily operator and investor
$23.25 - $25.90/hr
Walpole, MA, USA
In Person
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Fairfield is a vertically integrated real estate operator and investment manager that focuses on multifamily housing. It runs every part of the business in-house, including development, construction, acquisition, and property and asset management. This means Fairfield can plan, build, and manage apartment communities all under one umbrella, helping control quality, timing, and costs. The company has over 40 years of experience and operates across more than 35 markets, with about 1,590 associates. Its approach sets it apart from competitors by covering the full lifecycle of a property—from development to ongoing management—at scale. Fairfield’s goal is to create exceptional living experiences and build strong communities while growing its portfolio.”} Ợಷ? { } } ? } ?>? }
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
San Diego, California
Founded
1997
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Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Time Off
Paid Holidays
Sick Days
Volunteer Time Off
Flexible Spending Account
Life Insurance
Disability Insurance
Remote Work Options
St. Louis Park, Minn., office property sells for $83.9Mln. Minneapolis/St. Paul Business Journal Enverra Real Estate Partners has paid $83.9 million, or $163.50/sf, for four buildings totaling 513,000 square feet at the West End Office Park in St. Louis August 28, 2026 Minneapolis/St Paul Business Journal Sherman Associates has secured $1365 million of financing for the development of a 349-unit multifamily and seniors-housing project in downtown Rochester, Minn The Minneapolis developer is building the project at... August 28, 2026 South Florida Business Journal Fairfield Residential has paid $208 million, or $256,158/unit, for the 812-unit Portofino Place apartment complex in West Palm Beach, Fla The San Diego apartment owner purchased the property from affiliates of Cortland... August 27, 2026 Commercial Real Estate Direct Staff Report An affiliate of Nuveen Real Estate has paid $17035 million for a pair of industrial properties with 111 million square feet within the Park303 complex in Glendale, Ariz The New York investment manager paid... August 27, 2026 Hawkins Way Capital has paid $515 million, or $735,714/unit, for the 70-unit student-housing building at 131 East 12th St in Manhattan's Greenwich Village The 16-story building, with a 286-bed capacity, was purchased from the New School, which... August 27, 2026 Freestone Capital has paid $3225 million, or $304,245/unit, for Aperture on Fifth, a 106-unit apartment property in downtown Seattle The local wealth manager, which invests in real estate through its Freestone LP Real Estate Fund, acquired the... August 27, 2026 Multi-Housing News The NRP Group has broken ground on Stone Ridge at High Street, a 150-unit apartment property in Columbus, Ohio The Cleveland developer is constructing the property at 45 West Barthman Ave, about three miles south of downtown... August 27, 2026 Boston Business Journal Draper Labs has paid $45 million, or $42857/sf, for 105,000 square feet of laboratory and office space at 1 Hampshire St in Cambridge, Mass Alexandria Real Estate Equities, a Pasadena, Calif, REIT, was the seller The deal is... August 27, 2026 Northern Management has paid $31 million, or $166,667/unit, for the 186-unit Harbor Estates apartment property in Sheboygan, Wis The Brookfield, Wis, developer bought the property from a venture of Harmoniq Residential of Milwaukee and Midloch... August 26, 2026 Crain's Chicago Business A venture of RPM Living and New York Life's real estate investment arm has paid $99 million, or $335,593/unit, for the 295-unit Everly at Yorktown Apartments in the Chicago suburb of Lombard, Ill RPM, of Austin,... Recent. August 28, 2026 * Transactions * CMBS * Exec Changes August 28, 2026
Fairfield adds Portofino Place in West Palm Beach to growing portfolio. Expands multifamily presence in South Florida with value-add investment. SAN DIEGO, Aug. 28, 2026 (GLOBE NEWSWIRE) - Fairfield announced the acquisition of Portofino Place Apartments, a residential community located at 4400 Portofino Way in West Palm Beach, Florida. "We also appreciated the opportunity to work with Walker & Dunlop, who facilitated both the sale and financing of the deal." "This investment is a strong example of the type of value-add opportunity we continue to pursue," "West Palm Beach continues to experience population growth and demand for rental housing. We believe Portofino Place has been exceptionally maintained and is..." "We look forward to thoughtfully enhancing the resident experience while continuing to provide a high-quality housing option for current and future residents," Portofino Place is a multifamily community offering spacious one-, two-, and three-bedroom apartment homes, as well as two-story loft residences. Located minutes from Downtown West Palm Beach, the community features an extensive amenity package, including four resort-style swimming pools, a 24-hour fitness center, yoga studio, pickleball and tennis courts, indoor basketball court, coworking space, dog park, guest suite accommodations, and multiple social and recreation areas. The acquisition aligns with Fairfield's strategy of investing in multifamily communities where operational enhancements and capital improvements can support the resident experience while creating long-term value. "This investment is a strong example of the type of value-add opportunity we continue to pursue," said Wes Dickerson, Executive Vice President of Acquisitions for Fairfield. "West Palm Beach continues to experience population growth and demand for rental housing. We believe Portofino Place has been exceptionally maintained and is well-positioned within one of Florida's most dynamic growth markets." Situated in the heart of Palm Beach County, Portofino Place Apartments offers residents convenient access to Downtown West Palm Beach, major transportation corridors, employment centers, shopping, dining, entertainment destinations, and some of South Florida's most recognizable beaches. The community's combination of spacious floor plans, resort-inspired amenities, and location all contribute to its appeal as a rental housing option within the market. "We look forward to thoughtfully enhancing the resident experience while continuing to provide a high-quality housing option for current and future residents," Danny Frate, Vice President of Acquisitions for Fairfield, added. "We also appreciated the opportunity to work with Walker & Dunlop, who facilitated both the sale and financing of the deal." This acquisition further strengthens Fairfield's presence in Florida and reflects the organization's continued commitment to identifying value-add investment opportunities in markets supported by population growth and long-term housing demand. About Fairfield Fairfield is an owner, developer, and operator of multifamily communities throughout the U.S. that owns approximately 50,600 units nationwide across luxury new construction, renovated apartment homes, and tax credit affordable housing in urban and suburban neighborhoods. The company offers a vertically integrated national multifamily services platform providing development, construction, renovation, asset and property management, and acquisition and disposition services to our investors. Operating nationwide, Fairfield is headquartered in San Diego with regional offices in Atlanta, Boston, Dallas, Denver, and Washington, D.C. Fairfield Realty Advisors LLC is registered as an investment adviser with the U.S. Securities and Exchange Commission.
Cortland sells multifamily complex for $208M as market oversupply shows signs of balancing. Fairfield Residential bought a massive West Palm Beach apartment complex for $208 million, as the multifamily market finds it footing after a slowdown in recent years. The multifam...
Cortland sells multifamily complex for $208M as market oversupply shows signs of balancing. Multifamily i-sales experienced a resurgence but leasing is still catching up, rents keep sliding Fairfield Residential bought a massive West Palm Beach apartment complex for $208 million, as the multifamily market finds it footing after a slowdown in recent years. The multifamily trade was the second biggest in South Florida so far this year. San Diego-based Fairfield purchased the 812-unit Portofino Place Apartments at 4400 and 4600 Portofino Way from Atlanta-based Cortland, according to records and real estate database Vizzda. The deal breaks down to nearly $256,200 per door. Completed in 2003 and 2006, the complex consists of 34 three-story buildings and a pair of clubhouses and stretches on nearly 40 acres, Vizzda records show. Fairfield took out loans of $93.1 million and $85 million for the deal, both from Freddie Mac and maturing in 2033. Cortland purchased Portofino Place in 2016, when the complex consisted of the 416-unit community at 4400 Portofino Way and the 396-unit one at 4600 Portofino Way, and combined them into one complex. Terms of that purchase weren't disclosed. Cortland is led by Steven DeFrancis. Fairfield, led by Richard Boynton, is a multifamily investment, development and management firm with a portfolio of 50,600 units nationwide, including seven properties in South Florida according to its website. It also has shed some regional holdings. In 2019, Fairfield sold the 292-unit ORA Flagler Village apartment complex for $92 million. South Florida multifamily investment sales picked up in the first half of this year, with the total volume hitting $2.5 billion, an increase of 19.4 percent from a year prior, according to Avison Young. Still, market watchdogs have warned that some of this may be due to deals put under contract late last year and only closing this year. Inflation and elevated interest rates are still slowing down deals, Avison's Michael Fay said earlier this month. Apartment leasing has been clawing its way back over the past year, after demand couldn't keep up with the hefty deliveries of new units over the past three years. In the 12 months ending in the second quarter, new leasing reached 13,774 units, edging past the 12,751 units completed, marking the first time in three years that demand outpaced supply, according to CoStar Group. As the glut eased, landlords have pulled back on concessions, though some still include a month or two of free rent to sweeten deals for prospective tenants. Rents have been on a steady decline, with the average asking rate in South Florida settling at $2,279 in July, a 1.3 percent decrease year-over-year, according to Realtor.com. Cortland shed the Residences at Uptown Boca complex for $240 million in May, the same month the Church of Jesus Christ of Latter-day Saints paid $240 million for a Boca Raton apartment complex. Those deals marked the biggest known South Florida multifamily sales so far this year. Other major sales this year include Dutch firm Breevast U.S. buying the multifamily property at 19401 West Dixie Highway in Miami for just under $110 million in May. Also, Harbor Group International paid $109 million this month for the 505-unit Emerald Palms apartment complex at 12315 Southwest 151st Street near Zoo Miami.
KTGY Dallas (formerly GDA) celebrates grand opening at 1010 Waugh with Fairfield Residential in Houston. June 22, 2026. * Architecture * Dallas‚ TX HOUSTON - KTGY, an award-winning national design firm focused on architecture, interior design, branded environments and urban design, announces the grand opening of 1010 Waugh. In partnership with developer Fairfield Residential, the teams brought to life an impressive high-rise apartment community in the ever-popular Montrose neighborhood. A highlight of KTGY Dallas's (formerly GDA) expertise is their strength and confidence in high-rise design. 1010 Waugh replaces a single-story commercial building and sculpts an enduring presence on a site with unimpeded skyline views, connectivity to the city and within walking distance of Buffalo Bayou Park. This development process continued the relationship with Fairfield Residential in their 10th Houston venture and KTGY's architects collaborated with the client to realize an idea of upscale urban living for the professionals and young families who want a little bit of everything, and to have it in style. 1010 Waugh mixes resort-style amenities, luxury apartment design and finishes, with easy access to the city, this exciting neighborhood and nearby parks. A strong design decision early in the development process became crucial for the success of the building. Originally intended to be a cold-formed steel building, the design team opted for a concrete and steel frame that could give residents higher ceilings and designers more flexibility in shaping the building. The result is a wider array of units that suit different lifestyles and an extremely competitive feature set, including a pool deck that overlooks downtown and an increased number of balcony and exterior units that can capitalize on the view. In a neighborhood trending denser, the design of 1010 Waugh doesn't shy away from scale but makes it welcoming and legible to the residents. The building's base houses the lobby, coworking and cyclist shop with storefront windows that increase presence and interactions with the street. A four-story base with a screened garage keeps cars off the street and allows additional square footage to support project density. The pool deck and more resident amenities sit just above the podium, while the building splits into two residential wings that leave prime center space open for the outdoor spaces, balconies and corner units. Address: 1010 Waugh Drive, Houston, TX 77019 Developer: Fairfield Residential Architecture: KTGY Dallas (formerly GDA Architects) Site Area: 1.52 ac Units / Density: Density: 223 du/ac Number of Units: 340 du Unit Plan Sizes: 539-1,612 sq. ft. Amenities: Resort style pool, golf simulator, sky lounge, pet lounge, coworking, conference rooms, game room, above grade parking, EV charging, cyclist shop. Stories: 14 Parking: 517 spaces (1.52 sp/du) Construction Type: IA About KTGY Design lives at KTGY. Founded in 1991, KTGY is an award-winning firm of architects, designers and planners that realize new possibilities through inspired design. Everything KTGY Group do, from architecture and interior design to branded environments and urban design is based on a people-centric storytelling and design process that creates memorable experiences nationwide. Guided by its mission to bring innovative design to all people and places, KTGY Group partner with its clients to envision spaces that make a positive impact on people and their communities. Visit www.ktgy.com.