IRVINE, CA—Steadfast Apartment REIT has acquired four apartment communities (1,072 units) in two separate transactions for an aggregate purchase price of $157 million. Three of those properties are in the Dallas-area, and will mark a substantial expansion of the REIT’s presence in Texas.

Steadfast Apartment REIT now has invested approximately $844.3 million in 22 apartment communities containing 7,237 units in 10 states. Steadfast Apartment REIT plans to implement a revitalization strategy at the newly acquired properties, and will complete interior upgrades when turning the units between residents.

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