Fairchild Towers

This 42-unit, $5.3M investment was acquired in September 2020. The property consists of twenty-five one-bedroom units and seventeen studio units. Fairchild Acquisition plans to start construction December 2020 and anticipates 18-24 months to complete at an estimated rehabilitation cost of $1 million. 

Fairchild Acquisition’s strategy is to start rehab construction in the common areas immediately following purchase and renovate units based on lease expirations. The scope of work will include new building electrical, as well as hallway paint, flooring, baseboards, lighting and doors. The unit rehab will include a complete modernization of the kitchens and baths as well as a priority and creating new open floor plans featuring brand-new windows which will maximize the natural light. 

Fairchild Acquisition raised two million in total equity with an anticipated hold period of five years. Upon stabilization, estimated within 24 months from acquisition, we plan to return approximately 50% of investor initial equity using the proceeds generated from a cash out refinance. Please contact for more financial detail.

Fairchild Commons

This 41-unit, $6.55 million dollar investment was acquired in January 2020. The property consists of one-bedroom, two-bedroom units, 3-bedroom units, 4-bedroom and studio apartments. Fairchild Acquisition plans to start construction June 2020 and anticipates 18-24 months to complete at an estimated rehabilitation cost of $1.45 million.

The rehabilitation will start with the common area amenity spaces and then move to the units 2 stacks (3 units per) at a time based on lease expirations. The scope of work will include new building electrical, plumbing, mechanicals, as well as hallway paint, flooring, baseboards, lighting and doors. The unit rehab will include a complete modernization of the kitchens and baths as well as a priority and creating new open floor plans featuring brand-new windows which will maximize the natural light. Lastly, Lakewood will be the first building that Fairchild Acquisition provides amenities featuring a laundry facility, business center, fitness center, and on-site leasing office. 

Fairchild Court

This 39-unit, $5.5 million dollar investment was acquired in June 2019. The property is two side by side buildings and consists of thirty-six one-bedroom and three two-bedroom units and eighteen parking spaces. Construction began in September 2019 with an anticipated completion date of June 2020, and an estimated rehabilitation cost of $1.1 million.  

Fairchild Acquisition implemented a new strategy with Winthrop, that resulted in a 10% cost savings and five-month time savings. We emptied out and renovated one building at a time versus one or two stacks, this allowed up front bulk purchasing of all materials as well as maximizing control of all manpower. The scope of work included new building electrical, plumbing, mechanicals, a new laundry/fitness facility, as well as hallway and lobby modernization. The unit rehab will include a new kitchens and baths as well as a priority and creating new open kitchen floor plans while maximize natural light by installing oversized windows (see picture). 

Fairchild Acquisition raised a little over two million in total equity with an anticipated hold period of five years. Upon stabilization, estimated within 24 months from acquisition, we plan to return approximately 40% of investor initial equity using the proceeds generated from a cash out refinance.