Steadfast Invests $68M on Three Apartment Communities
SAN ANTONIO-A real estate investment trust has expanded its multifamily portfolio with the acquisition of three apartment communities in Texas and Illinois. Steadfast Income REIT Inc. has spent approximately $68 million on three multifamily properties, which include Ashley Oaks in North Central San Antonio and one community each in Palatine and Roselle, Illinois.
The Ashley Oaks complex, situated at 16400 Henderson Pass, was constructed in two phases in 1985 and 1995. It was purchased for $30.79 million. For the full story, go to San Antonio Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Be sure to visit GlobeSt.com's NEW Sectors-to-Watch page for in-depth looks on the Hotels, Industrial, Multifamily, Office, Retail, Student Housing, Net Lease and Healthcare Real Estate markets.
You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.