FT. WAYNE, IN—Steadfast Income REIT, Inc. officials have said they concentrate their purchases in the central corridor of the US because that’s where the jobs are being created. And the company just acquired Oak Crossing, a 222-unit apartment community in Fort Wayne, IN, another small US city that has begun to see significant development activity, for $24.23 million. This brings the Orange County-based REIT’s total portfolio to 67 communities in 11 Midwestern and Southern states.

“This is a high-quality property located within a mile from the newly built, highly acclaimed Parkview Regional Medical Center,” said Ella Shaw Neyland, president of Steadfast. “We believe the market’s long-term apartment performance outlook looks promising and bright.”

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