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Terra Search Places Shah Alam as President, Property Management at Fairstead

The Terra Search Partners team is pleased to announce the recent placement of Shah Alam as President, Property Management at Fairstead.

Founded in 2013, Fairstead has become one of the fastest growing operators of affordable multifamily apartments in the country. Based in New York City, Fairstead owns over 12,000 apartment units across 14 states and has been acquiring over 2,500 units each year. Fairstead is a vertically-integrated real estate company that invests, develops, designs, constructs, manages, and provides services to its residents.

As the President of Fairstead’s Management Company, Mr. Alam’s charge is to transition the property operations, mostly managed currently by third-party entities, to an expanded in-house platform. He will utilize his extensive experience in property management, particularly in the affordable housing sector, to build and grow the management company to a best-in-class operation. Prior to joining Fairstead, Mr. Alam was Senior Vice President at Related Companies, where he oversaw a portfolio of more than 20,000 units of conventional and affordable apartments throughout the eastern half of the U.S. He also served as Executive Vice President of Operations at Edgewood Management (with a portfolio of 32,000 units), Vice President of Multifamily Operations at Continental Properties, and Director of Operations at AIMCO (with a portfolio of 60,000 units).

We would like to extend our sincere thanks to all of those who participated in this search and to our friends in the business community who helped us with this engagement, particularly during the trying time of the pandemic. Fairstead and Terra Search Partners appreciate your support and assistance.

This search was conducted by Ellen Klasson, Managing Director, and Jayme Book, Managing Director. 

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