Prominent affordable and mixed-income housing developer stepping in to help lead Fairstead's expanding development business across the country
NEW YORK, March 4, 2020 /PRNewswire/ -- Fairstead, a fully-integrated real estate firm committed to affordable housing, announced the appointment of Brett Meringoff as Senior Vice President in the firm's Bethesda, MD office. In his new role, Meringoff will work on ground up developments and new acquisitions for both affordable and mixed-income projects across the country.
A highly regarded veteran of the affordable and mixed-income development sectors with over two decades of experience, Meringoff boosts Fairstead's rapidly growing team of top professionals and represents the latest step in the firm's ongoing expansion strategy.
"Brett is one of the most respected professionals in our industry, and we are extremely pleased to have him on board at Fairstead," said Will Blodgett, co-founder and partner at Fairstead. "He has been a recognized leader in our industry for many years and his extensive experience and understanding of the multifamily and mixed-use development market will be instrumental as we continue to grow and utilize creative ways to preserve and build affordable housing throughout the country."
Meringoff most recently served as Senior Vice President for Winn Companies, where he was responsible for the company's Mid-Atlantic affordable housing development and asset management activities, as well as its market-rate investments. Under his leadership, his team entitled, developed and completed more than 4,900 units across 19 properties.
Prior to joining Winn, Meringoff founded BEM Companies LLC and BEM Consulting LLC in 2009, a Virginia-based real estate organization that specializes in affordable housing development and consulting services to small-and medium-sized companies in all areas of multifamily real estate. He earlier served as Director of Development for Coalco International (now operating as Corigin), a global real estate development and investment company, and began his career with The Related Companies in New York City.
Meringoff has led several well-known developments throughout his career including the restructuring and repositioning of the Sursum Corda site in Washington DC; major acquisition rehabilitation affordable housing projects including Sencit Liberty Apartments in Atlantic City, NJ; Venango House and Breslyn House Apartments in Philadelphia, PA; and ground up affordable housing projects including Southern Hills Redevelopment in Washington DC and Gordon Mansfield Veterans Village in Tinton Falls, NJ. Additionally, Meringoff oversaw market rate value add investments in the Cove at Riverwinds in West Deptford, NJ, Trails at River Park, Windridge Apartments, and Reserve at Centreport projects, each in the Dallas - Ft. Worth market; the Park 156 and Merritt at Sugarloaf developments in Atlanta; and, Providence Lakes in Tampa.
In 2019, Meringoff was appointed by Governor Northam to serve on the Board of Directors for the Virginia Department of Housing and Community Development. He also serves on the Board of Directors for the Latin American Youth Center in Washington DC, which has been providing educational and recreational programs for youths in the DC metropolitan area for nearly 50 years. In addition, Meringoff previously served on the Green/Energy Committee of the National Leased Housing Association, the Young Leaders Education Committee of the Urban Land Institute (ULI), DC Real Estate Group, the Executive Committee of the University of Pennsylvania Mid-Atlantic Regional Advisory Board (MARAB), and as a ULI Mentor.
Meringoff holds a Bachelor of Arts degree from the University of Pennsylvania.
Fairstead is a vertically integrated real estate investor, developer, owner and operator specializing in affordable, mixed-income and market-rate housing. Since 2013, Fairstead has acquired and/or developed more than $4 Billion of multifamily property across the country, and today owns a portfolio of 11,500 apartments in 14 states. The company's comprehensive platform provides hands-on expertise across all multifamily disciplines, including acquisitions, development, design and construction, energy and sustainability, property management and social services. For more information, visit www.fairstead.com.
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