Brookfield and Fairfield close $323M U.S. Multifamily Real Estate Fund Brookfield Asset Management and Fairfield Residential Co. LLC announce the successful final close of the Brookfield Fairfield U.S. Multifamily Value Add Fund with total commitments of $323M. The Fund, which was initially launched with a $250M target, received strong support from several global institutional investors. In addition, Brookfield committed $50M to the Fund. Fairfield manages the Fund, which is pursuing investment opportunities to acquire undervalued or underperforming multifamily apartment properties in infill or supply-constrained locations suitable for renovation, reposition and operational turnaround. The Fund is currently 50% invested. Fairfield is Brookfield's platform for investments in U.S. multifamily residential properties.
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