Fairfield Residential has completed two acquisitions in Corona worth a total of $191.5 million

Fairfield Residential has completed two acquisitions in Corona totaling $191.5 million: Marquessa Villas Apartments & Townhomes and Deerwood Apartments. The acquisitions were part of a portfolio sale by CapitaLand International USA. Maquessa Villas at 2235 Treehouse Lane has 336 apartments and Deerwood Apartments at 2215 E. Lakewood Place has 316 apartments.

Singapore-based CapitaLand International USA originally acquired the properties in 2018 in a 16-property transaction valued at $835 million. It recently sold several other properties in its original portfolio, including the nearby Ashton Apartments, which sold in September for $136.5 million.

Fairfield Residential is based in San Diego and is one of the largest apartment owners in the country. It has over 42,000 apartments in 30 different markets across the country.