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Fairfield Residential Buys Affordable Housing Community in Irving

CAPREIT Sells 204-Unit Valley Trails
August 8, 2017
The Valley Trails Apts. in Irving, TX has been acquired by Fairfield Residential, a San Diego-based multifamily owner, operator and developer and a subsidiary of Brookfield Asset Management out of Toronto.

CAPREIT sold the 204-unit affordable housing community, which delivered in 1995 just north of I-635 at 8901 Valley Ranch Pky. East. Occupancy was at 98-percent at the time of sale.

John Barker and Joshua Ross of Marcus & Millichap represented CAPREIT in negotiations. Please see CoStar COMP #3949675 for more information on the transaction.
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