Our History

Chris Hartman and various partners acquire Fairlawn Village—a stalled condo conversion project—and restore the unsold inventory into rental units.

Townway Place Apartments, a distressed 96-unit property in Danville, IL, becomes the group's second acquisition. The property becomes 100% occupied within 12 months.

Chris & Gozen Hartman acquire Team Kay Property Management (the operating partner for Fairlawn Village and Townway Place) and rebrand as Fairlawn Real Estate. Shortly thereafter, the Townway Place investors complete a non-recourse CMBS recapitalization of Townway Place, only 23 months after acquisition.

An expanded group of Fairlawn investors acquire Prairie Hills Apartments, a 109-unit apartment complex in Decatur, IL. The project had been suffering from prolonged distress, but the Fairlawn team completely turned the project around in fewer than 12 months. 

Will Thompson joins Chris Hartman to form Fairlawn Capital, and the company begins providing formal investment and asset management services to both internal and external investor groups. Upon formation, Fairlawn Capital had approximately $40M of gross asset value under management.

Fairlawn acquires Champaign House Apartments and Westbury Park Townhomes, its first projects with assumable HUD financing.  Fairlawn Capital surpasses $56M in gross asset value.

Fairlawn acquires Spring Creek Townhomes in Springfield, IL as its 18th project, surpassing $65M in asset value.

Fairlawn Capital acquires Eagle Creek Commons, a retail strip center in Indianapolis, Indiana—its first property outside of Illinois.

Fairlawn acquires Pinecrest Apartments in Bloomington-Normal, IL—its largest acquisition to date. Fairlawn's total gross asset value tops $90M.

Fairlawn Capital acquires its 24th project, 727 West Apartments, and surpasses $100M of gross asset value.

Fairlawn Capital closes its first investment fund structure and acquires 5 properties totaling over 800 units and almost $50M in total value.

Fairlawn acquires Hickory Point Apartments in Decatur, Illinois—its first Low Income Housing Tax Credit (LIHTC) property—consisting of 80 affordable units constructed in 1995.

Fairlawn Capital completes the sale of Spring Creek Townhomes, its first strategic disposition of a major asset.

Fairlawn acquires Lincolnshire Apartments in Broad Ripple Village, Indianapolis, IN--an iconic building constructed in 1930 and located within one of the most popular neighborhoods in the city.

Fairlawn acquires Versailles Apartments, a 109-unit value-add community in Peoria, IL.

Fairlawn Capital adds The Maywood at Speedway, a 237 unit complex in Speedway, IN, to its continually-growing managed portfolio.

Fairlawn Capital opens a new office in downtown Chicago with a team specializing in Acquisitions, Asset Management, and Development.

Fairlawn Capital makes two new workforce multifamily acquisitions in Central Illinois: West Mound Apartments in Decatur, IL and Birch Street Apartments in Champaign, IL.

Fairlawn Capital completes the acquisition of a large student housing portfolio at University of Illinois at Urbana Champaign, representing over 3,000 beds and $150,000,000 in value.

Fairlawn Capital acquires a 72-unit duplex Build-to-Rent development site in Avon, IN and engages with a local builder to complete the unit construction. 

Fairlawn Capital launches ground-up redevelopments of three student housing assets at University of Illinois at Urbana-Champaign - 510 E White, 503 E Stoughton and 1009 W Stoughton.

Fairlawn launches a new ground-up development project in Champaign, IL called Southwood Crossing Apartments, consisting of 86 garden-style apartment units. 

Fairlawn acquires Aspen Pointe Apartments - 180 Units in Indianapolis - and surpasses $500M of in-place Gross Asset Value