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CalSTRS buys majority stake in Fairfield Residential

May 14, 2019 - PERE
Mergers and Acquisitions

The

Brookfield previously

California State Teachers' Retirement System has acquired a 65 percent stake in Fairfield Residential, a San Diego, California-based multifamily real estate operating company, from Brookfield Asset Management , PERE has learned. its majority interest in Fairfield as part of the latter's reorganization and emergence from Chapter 11 bankruptcy protection in 2010. Brookfield, along with Fairfield management and CalSTRS, invested approximately $29 million t...