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About

Built on Experience.

A private equity real estate firm headquartered in Edwardsville, Illinois, investing across the Midwest and Southeast since 2008.

Who We Are

Partnership | Strategy | Expertise

Fireside Financial is a dynamic private equity real estate firm that invests in high quality, sustainable, value-add and development properties, with a focus on multifamily, self-storage, industrial, office space, and mixed-use assets.

The Fireside Financial management team has more than 60 years of combined experience buying and selling real estate and meeting the needs of our investment partners. Fireside was co-founded by Michael and Kristie Bailey. Since establishing Fireside Financial, Michael Bailey has been responsible for the placement of approximately $1 billion in real estate transactions.

Eville Portfolio

“Co-founded in 2008 by Michael and Kristie Bailey.”

Edwardsville, Illinois
Our Mission

“To locate highly profitable investments within the real estate industry, with integrity and efficiency, aligning all our partners’ interests.”

Our Story

Since 2008

  1. 2008

    Fireside Financial is founded

    Michael and Kristie Bailey found Fireside in Edwardsville, Illinois, and launch its first fund, Fireside Real Estate Partners.

  2. 2010

    First major multifamily partnership

    Fireside and Gannon Realty Group acquire the 284-unit Charter Place Apartments in Creve Coeur for $22 million.

  3. 2011

    Fund II launches

    Fireside Real Estate Partners II launches with a $100 million equity target.

  4. 2012

    Expanding into self-storage

    Fireside adds a 192-unit Chesterfield apartment community and an 800-unit self-storage portfolio in Bourbonnais, Illinois.

  5. 2014

    A three-state portfolio

    A $58 million acquisition adds 1,056 apartment units in Iowa, Illinois and Indiana.

  6. 2016

    Fund III and St. Louis growth

    Fund III launches with a $500 million target; Fireside acquires office and multifamily assets across St. Louis.

  7. 2018

    Whispering Heights breaks ground

    Construction begins on 153 apartments and 18,000 SF of retail in Edwardsville.

  8. 2019

    Fund IV launches

    Fireside Real Estate Partners IV targets $300 million for value-add Midwest real estate.

  9. 2020

    Net lease and Steelcote Square

    Fireside begins building its net-lease portfolio and invests in Steelcote Square with Pier Property Group.

  10. 2021

    The Edwin is announced

    A $60 million Midtown St. Louis development with 196 apartments over a ground-floor Target.

  11. 2023

    Olia Village begins

    Fireside acquires 95 acres of the former Bayer campus in Creve Coeur.

  12. 2025

    Large Business of the Year

    The Edwardsville/Glen Carbon Chamber names Fireside its 2025 Large Business of the Year.

  13. 2026

    Building Olia Village

    Schnucks breaks ground on its flagship store, and $45 million in construction financing closes.

Our Core Values

What Guides Us

Six values that have shaped how Fireside chooses investments, works with partners and manages every property since 2008.

01

Excellence

Doing the work right at every stage of an investment.

02

Integrity

Honest, transparent dealings with every partner and investor.

03

Efficiency

Disciplined use of time and capital. Every dollar matters.

04

Respect

For our investors, residents, tenants and communities.

05

Dedication

Committed to each project from acquisition to exit.

06

Teamwork

A tight-knit team working toward shared goals.

Where We Invest

Midwest & Southeast

Fireside focuses on opportunities in 15 primary states, and can invest outside them on a case-by-case basis.

Leadership

The People Behind Fireside

Kristie Bailey, Co-Founder & Partner · Michael Bailey, Co-Founder & Partner · Jamie Mehrtens, Chief Financial Officer

We Welcome New Opportunities

At Fireside, we are always open to new opportunities. Our strong relationships with strategic partners throughout the country enable us to approach each new project with seasoned finesse, unparalleled expertise and superior value.