COPPELL--Steadfast Apartment REIT has acquired Lakeside at Coppell, a 315-unit apartment community located in Coppell.

The REIT now has invested approximately $993 million in 25 communities containing 8,206 units in 11 states. It owns 2,007 units in the state of Texas.

"Steadfast's sweet spot is stable, income-producing properties in strong growth markets where we see opportunity to enhance operational efficiencies and maximize overall value,” Ella Shaw Neyland, president of Steadfast Apartment REIT, told GlobeSt.com. “Lakeside at Coppell and its location within the Dallas-Fort Worth MSA exemplify this strategy.”

Constructed in 1999 on 35 acres, Lakeside at Coppell comprises of 45 two-story apartment buildings boasting one-, two-, three- and four-bedroom configurations. Residents enjoy spacious layouts that average 1,221 square feet and amenities including private, attached garage, washer-dryer connections, mahogany cabinetry, granite countertops and stainless steel appliances. Lakeside at Coppell was 96.2 percent occupied as of early October, and has average in-place rents of $1,698.

Additional on-site amenities include a clubhouse, swimming pool, basketball court, sand volleyball court, tennis court, jogging trail, health club with aerobic studio and classes, billiards room, executive business center, playground and community garden. 

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