Fairlawn - Creating Better Places

We are excited to share that Joe Duffy, Chief Financial Officer of Fairlawn, has been named by GlobeSt as one of CRE’s Aspiring Leaders of 2026!

This recognition highlights top professionals under the age of 40 in commercial real estate who were selected by a panel of industry experts for professional accomplishments, the impact of their work, and their demonstrated commitment to leadership, service, and excellence.

This is a well-deserved recognition. Congratulations, Joe!

Learn more: https://fairlawn.com/fairlawn-cfo-joe-duffy-named-to-globest-s-cre-aspiring-leaders-of-2026/

Following stabilization and strong leasing performance, we’ve successfully closed the refinance of Sterling on First, a 216-unit multifamily community in Savoy, Illinois. The transaction lowers debt service and returns capital to investors, positioning the asset for long-term success.

This outcome reflects a full-cycle ex*****on, beginning with a complex acquisition structured as a 1031 exchange paired with a loan assumption, followed by the repositioning of the asset from student housing to conventional multifamily, strategic renovations, and a successful lease-up to stabilization.

We are incredibly proud of the team effort behind delivering this result!