LOUISVILLE, KY-Irvine, California-based Steadfast Income REIT Inc. has paid $15.1 million for Valley Farms Apartments, a 160-unit apartment complex in Louisville. The garden-style apartment community, located at 5306 Valkyrie Way, comprises 10 two-story buildings and includes single-, double- and triple-bedroom units.

The 13.5-acre property, constructed in 2007, is currently 97% occupied. This is the forth apartment complex that the company has bought in the Louisville area. For the full story, go to Louisville Business First .

GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.