What's Up Newp: Festival Field Apartments sells for $33.25 million
The 204-unit Section 8 family apartment property, located at 90 Girard Avenue, was recently purchased by Fairstead for $32 million.
Fairstead, a New York-based real estate investor, developer, owner and operator that “specializes in affordable, mixed-income and market-rate housing”, purchased the property from California-based Sage Apartment Communities. As of Thursday morning, Festival Field Apartments were no longer listed as a community on Sage Apartment Communities website.
Courtesy of What's Up Newp