From WSJ.COM
Fairfield Files for Chapter 11
By MIKE SPECTOR And LINGLING WEI
Fairfield Residential LLC, one of the nation's largest apartment owners and developers, filed for bankruptcy on Sunday, the latest casualty of the turmoil engulfing the U.S. real-estate market.
Fairfield, which has built some 64,000 apartments, condominiums and off-campus student-housing units throughout the country, failed amid an inability to refinance debt or sell investment properties. That left the private San Diego, Calif., company with a litany of near-term maturities on debts related to various development projects and other investments.
Fairfield filed for Chapter 11 late Sunday afternoon in Delaware and listed assets of $958 million and liabilities of $834.9 million as ...
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I wonder, could this be the same Fairfield, that built the various Fairfield communities just south of Sunrise between Kolb Rd and Craycroft- Fairfield River Estates, Fairfield Sunrise East, Fairfield Sunrise East Resub, Fairfield Sunrise East Resub 2. Seems likely.
