INDIANAPOLIS—Steadfast Apartment REIT, a new REIT, has just bought Harrison Place, a 307-unit complex in Indianapolis, its second acquisition, for $27,900,000.

“Harrison Place is located in one of the stronger submarkets within the Indianapolis area, and boasts consistently high occupancy,” says Ella Shaw Neyland, president of Steadfast Apartment REIT. “We are pleased to add this well-maintained, stable apartment community to our portfolio.”

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