Fairfield Residential
Fairfield Residential is a San Diego-based, vertically integrated multifamily real estate company that develops, acquires, manages, and invests in apartment communities across 35 U.S. markets, serving individual renters, affordable-housing residents, and institutional investors led by majority owner CalSTRS.
- Company typePrivate
- Founded1985
- HeadquartersSan Diego, United States
- Headcount1,001–5,000
- GTM typeB2C
- OfferingServices
What Fairfield Residential does
Fairfield Residential is a privately held, vertically integrated multifamily real estate company founded in 1985 and headquartered in San Diego, California. The firm develops, acquires, constructs, renovates, manages, and dispositions apartment communities across 35 U.S. markets through 219 assets encompassing more than 50,800 units, supported by approximately 1,590 employees. Its investment strategies span market-rate and affordable housing (LIHTC) and include Value-Add and Core Plus acquisitions, Develop to Core, Merchant Build, Opportunity Zone development, Single Family Build-for-Rent, and U.S. Multifamily Debt, executed through multiple discretionary fund vehicles and joint ventures.
The company's platform is majority-owned by the California State Teachers' Retirement System (CalSTRS), the nation's second largest public pension fund, which has co-invested with Fairfield since 2002 and participates in every fund and project. Fairfield's institutional client base is anchored by CalSTRS, while its end customers include individual and family renters across market-rate properties and income-qualified residents across 90 affordable housing properties containing 16,800+ units, generating residential rental income, investment management fees, and development and construction services revenue. Resident-facing technology includes the MyHome online portal, Fairfield Rewards loyalty program, Hub by Amazon package lockers, and the Fiona AI virtual assistant, supplemented by sustainability programs (Living Green, Share the Air) and AMO-accredited property management.
Fairfield Residential firmographics
Firmographics- Name
- Fairfield Residential
- Legal name
- Fairfield Residential
- Website
- https://fairfieldresidential.com
- Company type
- Private
- Founded year
- 1985
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Fairfield Residential is a San Diego-based, vertically integrated multifamily real estate company that develops, acquires, manages, and invests in apartment communities across 35 U.S. markets, serving individual renters, affordable-housing residents, and institutional investors led by majority owner CalSTRS.
- Ownership category
- akta.pro rank
Fairfield Residential industry classification
Industry- Product category
- Multifamily Residential Real Estate
- NAICS
- Rental and Leasing Services (532), Residential Building Construction (2361)
- SIC
- Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Multifamily Apartment Property Management (BPAJAFAA)
Keywords
Where Fairfield Residential is headquartered
LocationHeadquarters
- HQ city
- San Diego
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Fairfield Residential business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain, Technology or R&D
Revenue model
- Residential Rental Income: Fairfield develops, acquires, and manages apartment communities across the US, generating recurring rental income from market-rate and affordable housing units. Revenue is driven by occupancy rates, rental pricing, and the size of the portfolio.
- Affordable Housing Revenue: Fairfield operates rent-restricted affordable housing communities under LIHTC and other affordable housing programs, generating rental income from low-income residents. These properties often benefit from government subsidies and tax credits.
- Investment Management Fees: Fairfield provides investment advisory, sub-advisory, management, and administrative services to funds and joint ventures, earning management fees from institutional investors including CalSTRS.
- Development and Construction Services: Fairfield's vertically integrated platform handles development, entitlement, design, and construction of multifamily projects, generating revenue through the development process and construction management.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Monthly | Market-rate apartment rentals |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Fairfield Residential product offering
Product offeringCore offering
Fairfield Residential acquires, develops, constructs, and manages market-rate and affordable apartment communities across 35 U.S. markets, totaling more than 50,800 apartment homes. The firm also provides real estate investment management services to institutional investors and partners, overseeing assets through the full lifecycle from acquisition to disposition. Founded in 1985 and headquartered in San Diego, California, the company operates as a vertically integrated multifamily platform.
Product overview
Fairfield Residential operates a vertically integrated multifamily real estate platform offering development, construction, acquisition, renovation, property management, asset management, and disposition services. The portfolio includes over 50,800 units nationwide across 35 markets. Core products include market-rate and affordable housing (LIHTC) apartments, with resident-facing digital services including the MyHome Online Resident Portal, Fairfield Rewards loyalty program, and Fiona AI virtual assistant. Sustainability initiatives include Living Green and Share the Air smoke-free programs. Investment strategies span Affordable Housing, Value Add, Core Plus acquisitions, Develop to Core, Merchant Build, Opportunity Zone development, Single Family Build-for-Rent, and U.S. Multifamily Debt.
Differentiator
Problem solved
Functional benefit
Brands
- Living Green: Sustainability program offering recycling and energy-efficiency programs among property management companies, with over 100 Fairfield communities offering sustainable, low-impact, green-living opportunities.
- Share the Air
- Fairfield Affordable Housing
- MyHome Online
- Fairfield Rewards
Products and services
- Market-Rate Apartment Communities
- Affordable Housing Communities
- Acquisitions Services
- Development and Construction Services Ground-up development and construction of new apartment communities, with a dedicated Construction Management function overseeing project delivery from site acquisition through stabilization.
- Property Management Services Day-to-day operations, leasing, maintenance, and resident services for Fairfield-owned and third-party apartment communities.
- Asset Management Services Portfolio-level asset management including financial performance oversight, capital planning, value-add strategy execution, and reporting for owned and joint-venture apartment assets.
- Disposition Services Strategic sale of stabilized or value-add apartment assets to capture investment returns and recycle capital across the portfolio.
- Real Estate Investment Management Investment management services delivered to institutional investors and limited partners, including a discretionary investment management business and the Fairfield Fund platform.
Quantifiable outcome
- Over $26.5B in multifamily property acquisitions and over $20.2B in development since inception
- +4 more outcomes
Companies that use Fairfield Residential
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles2 records
Fairfield Residential technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature6 records
Fairfield Residential partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- KTGY (formerly GDA)coreKTGY, an award-winning national architecture and design firm, and Fairfield Residential have collaborated on 10 ventures in Houston, including the 14-story, 340-unit 1010 Waugh high-rise in the Montrose neighborhood. KTGY designed the concrete and steel frame building with resort-style amenities and upscale finishes.
- Sumitomo Forestry Co.minorFairfield Residential is partnering with Sumitomo Forestry Co., a Tokyo-based wood processing company, to construct the 260-unit Milford Vista apartment complex in Milford, Massachusetts using standard lumber framing methods. The partnership aims to reduce construction costs and greenhouse gas emissions compared to traditional steel construction.
- Urban Land InstituteminorFairfield executives actively participate in Urban Land Institute councils and programs, contributing to industry thought leadership on multifamily development and affordable housing. ULI involvement helps shape Fairfield's investment strategy and market positioning.
- National Multifamily Housing Council (NMHC)minorFairfield executives serve on NMHC industry councils and committees, including the Finance Committee chaired by Michelle Lord. NMHC participation supports capital markets activities and industry advocacy.
- National Association of HomebuildersminorTommy Brunson, President of Development & Construction, is a member of the National Association of Homebuilders, supporting Fairfield's development and construction activities.
Scale indicators13 records
Recent moves6 records
Expansion highlights6 records
Fairfield Residential competitors and assessment
Company assessmentDirect peers
- AvalonBay Communities: A leading US multifamily REIT with ~300,000 apartment homes across coastal and expansion markets. Direct peer to Fairfield in the develop-own-manage multifamily space, with overlapping geographies on the West Coast, Northeast, and Mid-Atlantic and a similar institutional-investor orientation.
- Equity Residential: Major US apartment REIT operating ~80,000 units concentrated in coastal gateway cities (NY, Boston, SF, LA, DC, Seattle, Denver). Overlaps directly with Fairfield's high-density urban Develop-to-Core strategy and target renter demographic.
- Mid-America Apartment Communities (MAA): Largest US apartment REIT with ~102,000 units focused on the Sun Belt. Comparable to Fairfield in vertically integrated operations, large-scale property management, and Value-Add acquisition strategy, with greater Sun Belt exposure.
- Essex Property Trust: West Coast multifamily REIT (~62,000 units) with deep concentration in California markets that overlap heavily with Fairfield's California portfolio (LA, Orange County, San Diego, San Jose, San Francisco). Closest geographic and product comp.
- UDR Inc. Nationwide apartment REIT with ~60,000 units and a national operating platform that includes development, redevelopment, and asset management. Directly comparable to Fairfield's vertically integrated model and institutional-investor base.
- Camden Property Trust: Multifamily REIT with ~58,000 units concentrated in the Sun Belt. Comparable to Fairfield in the develop-own-manage platform model, with particular overlap on suburban garden-style (Merchant Build) product.
- Greystar Real Estate Partners: Largest multifamily property manager and a major developer/investment manager globally, with ~340,000 units under management. Closest comp to Fairfield's vertically integrated investment-management-plus-property-management model, though Greystar is private and larger.
- Bozzuto Group: Privately held multifamily developer, owner, and manager with ~80,000 units, focused on the East Coast and Mid-Atlantic. Comparable to Fairfield in development, construction, and management integration, and a direct competitor in Mid-Atlantic markets like Baltimore and DC.
- Mill Creek Residential: Privately held multifamily developer and manager with a focus on Class A apartment development in top US metros, including Build-for-Rent. Direct comp to Fairfield's Develop-to-Core, Merchant Build, and SFR BFR strategies, with overlapping markets (DC, FL, TX, NC).
- Lincoln Property Company: National multifamily developer, owner, and third-party manager with ~200,000+ units under management. Directly comparable to Fairfield's vertically integrated platform, with deep overlap on the development-and-construction side (Tommy Brunson, Fairfield's President of Development, previously held a VP role at Lincoln).
Market position
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Fairfield Residential social profiles
Digital presenceFairfield Residential compliance and trust
Trust signalCompliance5 records
Fairfield Residential financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fairfield Residential leadership team
Management profileNumber of profiles
Profiles13 records
Fairfield Residential funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fairfield Residential M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fairfield Residential
What does Fairfield Residential do?
Fairfield Residential acquires, develops, constructs, and manages market-rate and affordable apartment communities across 35 U.S. markets, totaling more than 50,800 apartment homes. The firm also provides real estate investment management services to institutional investors and partners, overseeing assets through the full lifecycle from acquisition to disposition. Founded in 1985 and headquartered in San Diego, California, the company operates as a vertically integrated multifamily platform.
Is Fairfield Residential a public or private company?
Fairfield Residential is a private company. It is classified as state government owned and is currently operating.
When was Fairfield Residential founded?
Fairfield Residential was founded in 1985. It employs 1,001 to 5,000 people.
Where is Fairfield Residential based?
Fairfield Residential is headquartered in San Diego, United States, in the North America region.
How does Fairfield Residential make money?
Four revenue lines are on record. Residential Rental Income is the primary driver. The others are affordable Housing Revenue, investment Management Fees and development and Construction Services.
Who are Fairfield Residential's main competitors?
Direct peers on record are AvalonBay Communities, Equity Residential, Mid-America Apartment Communities (MAA), Essex Property Trust, UDR Inc., Camden Property Trust, Greystar Real Estate Partners, Bozzuto Group, Mill Creek Residential and Lincoln Property Company.
Does Fairfield Residential have an API?
No public API is recorded for Fairfield Residential.
What industry is Fairfield Residential in?
Fairfield Residential's product category is Multifamily Residential Real Estate. Its primary akta.pro industry code is BPAJAFAA, Multifamily Apartment Property Management. Its NAICS code is 532 and its SIC code is 6513.