South Florida Business Journal Fairstead has paid $26.5 million, or about $149,718/unit, for the 177-unit Lauderhill Apartments in Fort Lauderdale, Fla. The New York company purchased the Section 8 affordable-housing property from an affiliate of The Michaels Organization of Camden, N.J. It financed the acquisition with a $40 million tax-exempt loan from the Housing Finance […]

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