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New York-Based Fairstead Buys First Multifamily Property in Massachusetts

Teams With Atalaya Capital to Buy Brookline Apts. For $74 Million
Pelham Hall is a 148-unit apartment building located at 1284 Beacon St. The property dates to 1926 and includes Japanese restaurant FuGaKyu as a tenant. (CoStar)
Pelham Hall is a 148-unit apartment building located at 1284 Beacon St. The property dates to 1926 and includes Japanese restaurant FuGaKyu as a tenant. (CoStar)
By Madison Zebrowski
CoStar Research
December 28, 2020 | 9:21 P.M.

Fairstead, a New York-based owner and operator of affordable and mixed-income housing, acquired its first multifamily property in Massachusetts with its $74 million acquisition of the Pelham Hall apartments in Brookline.

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