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IRVINE, CA-Steadfast Income REIT Inc. has acquired three apartment communities in separate transactions for an aggregate purchase price of roughly $50 million. The properties are located in Texas and Indiana, increasing the firm’s foothold on properties in the mid-section of the country.

Waterford on the Meadow and Arbors of Carrollton are both in the Dallas/Fort Worth Metroplex; the seller was New York-based private-equity firm Azure Partners LLCLodge at Trails Edgeis in Indianapolis and sold to the REIT by the Praedium Group. The purchases bring the REIT’s total holdings in the Midwestern and Southern states to 41.

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