Fairfield’s US affordable housing fund reaches $648m in commitments
Friday, November 6, 2026 · first reported by IPE Real Assets
Fairfield Residential has gathered $648m in commitments for the Fairfield Affordable Housing Preservation Fund, an open-ended US apartment vehicle, according to an SEC filing cited by IPE Real Assets. Alameda County Employees' Retirement Association (ACERA) is a new investor, having approved $25m for its core-plus real estate allocation, pending legal and investment due diligence and final contract terms.
The fund began in late 2022 as Fairfield Residential's first affordable housing strategy open to outside investors. It aims for net returns of 9% to 10% and caps leverage at 65%. Alaska Permanent Fund Corporation anchored it with $300m.
- Fund
- Fairfield Affordable Housing Preservation Fund
- Size
- $648M
- Stage
- Interim close
- Asset class
- Real estate
- Geography
- North America
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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