Fairfield Residential says net loss widened to $14.18 million in June

By Caroline Salls

Pittsburgh, July 27 - Fairfield Residential LLC reported a $14.18 million net loss for June on $2.01 million in total revenues, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

The numbers showed a decline from the $2.89 million net loss posted for May on $2.28 million in total revenues.

The company had $80.98 million in cash and cash equivalents at June 30, down from $83.14 million at the end of May.

Fairfield, a San Diego-based multifamily real estate operating company, filed for bankruptcy on Dec. 20, 2009. Its Chapter 11 case number is 09-14378.

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