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              This History of Stonesfair

The principals of Stonesfair, Karl Bakhtiari and Maryann Fair, have been involved in the construction, apartment, and retail real estate industries in California since the 1960’s. Karl Bakhtiari was an owner of Stonestown Galleria, a major regional shopping center in San Francisco, and of Stoneridge Shopping Center in Pleasanton. With a background in industrial-engineering and property management, Maryann Fair was the first female developer in Redding California.

In the period between 1994 to 2006, Stonesfair acquired apartment properties totaling over 2,500 units valued in excess of 350 million dollars.  Four of Stonesfair's larger acquisitions were the 201 unit Arioso Apartments in Cupertino, the 262 unit Riverview Ranch Apartments in Sacramento, the 376 unit Pheasant Run Apartments in Modesto, and the 350 unit Park Knolls Apartments in Turlock.  Stonesfair has further expanded its portfolio with several large retail and office properties in the state of Arizona.



- Aquisitions -

  Units Property Date Purchasd
  356 Pheasant Run Apartments 1994
  350 Park Knolls Apartments 1994
  104 Harvest Granger Apartments 1994
  180 Fox Ridge Apartments 1995
  148 Sierra Ridge Apartments 1995
  160 Greystone Apartments 1996
  82 Woodacre Apartments 1997
  128 Windscape Apartments 1997
  98 Southwood Apartments 1998
  200 Creekside Apartments 1998
  262 Riverview Ranch Apartments 1998
  112 Lakeshore Apartments 1999
  201 Arioso Apartments


  40 Eastlake Apartments 2000
  140 University Villa Student Apartments 2006
    Retail and Office  
    Bashas Thunderbird Village 2003
    Shoppes at Clemente Ranch 2003
    Scottsdale Seville Retail 2006
    Scottsdale Seville Office 2006
    La Mirada Center 2006

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