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Fairfield Properties headquarters Fairfield Properties headquarters, 538 Broadhollow, Melville, NY

NEW YORK CITY—Fairfield Properties, a major owner of multifamily properties on Long Island, and FCP℠ acquired a $472.5 million, seven-asset portfolio in Nassau and Suffolk Counties. The seller of the property comprising 1,496 units was Rochester-based Home Properties, according to Long Island Business News. That company is owned by the private equity firm Lone Star. This transaction was announced a week after Lone Star sold a $1.1 billion portfolio of more than 6,000 apartments in MD and VA to the Kushner Companies.

Betsy Kim

Betsy Kim is the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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