Fairstead is a real estate firm headquartered on West 55th Street in Manhattan that develops, builds and manages affordable and workforce housing across the country. It also has offices in Washington, D.C., Denver and Delray Beach, Florida. The company runs its own development, construction and property management arms, and much of its work is buying older subsidized properties and rehabbing them, including seismic and energy retrofits. In Brooklyn, Fairstead was co-developer, general contractor and property manager for the $636 million Reid & Park Rock rehabilitation under NYCHA’s PACT program, which covered 1,696 apartments in 87 buildings and finished in October 2026. Fairstead says all 15 developments are pursuing Enterprise Green Communities certification. Its other recent work includes the Samuel Madden Homes redevelopment in Alexandria, Virginia.
Three things sit under one roof here: a developer, a general contractor and a property manager. That matters most on the rehabilitation work, where a building stays occupied while it is rebuilt around its residents.
The portfolio runs to more than 180 communities in 28 states and over 30,000 units owned including pipeline. The construction arm was awarded general contracting responsibility on a NYCHA PACT project covering 1,696 units across 87 buildings, and with BRP Companies the firm completed a $636 million renovation of the Reid Apartments and the Park Rock Consolidated NYCHA developments.
Individual projects show the pattern more clearly than the totals. Park 79 in Manhattan converted a former hotel into 77 affordable senior studios now housing close to 100 residents, and was a finalist in the Affordable Housing Finance Readers’ Choice awards. Samuel Madden Homes in Alexandria, Virginia is a $120 million public-private redevelopment — six stories, 295,000 square feet, 207 affordable residences priced between 30 and 80 percent of area median income. Echo Valley in West Warwick, Rhode Island is a $26.4 million renovation of ten buildings housing 100 families, with rooftop community solar and an extended Section 8 and LIHTC commitment.
Energy work is a thread through most of it. St. Marks in Oakland took a seismic retrofit and efficiency upgrade that the firm reports produced roughly 30 percent in energy cost savings over two years. Essex Plaza in Newark spans 13 properties with $27 million in sustainability improvements, including a 450-unit seniors residence under renovation.
Resident services are treated as part of the asset rather than an add-on. ResiBridge is a digital-access initiative for residents; the Atlantis Apartments partnership in Virginia Beach brings services on-site for roughly 600 people.
Recognition has followed both the company and its leadership. Affordable Housing Finance ranked the firm first for substantial rehabilitations completed in 2021 and first for acquisitions completed in 2022. The management group placed 25th on Multi-Housing News’ 2026 list of top multifamily property management companies and 15th on the NAHMA Affordable 100. Chief executive Jeffrey Goldberg was named a New York Entrepreneur Of The Year winner and a Crain’s Notable Leader in Real Estate in 2022, and managing director Marco Williamson was named a 2024 Crain’s New York Notable Black Leader.
One practical note for anyone researching the company: the statistics counters on its own site render as zero without JavaScript. The real figures are in the body copy of its development pages.
