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Steadfast REIT invests $157M: where in DFW?Steadfast REIT invests $157M: where in DFW?https://www.recenter.tamu.edu/news/newstalk-texas/?Item=104672015-09-02T05:00:00Z2015-09-03T13:00:00Z

DALLAS-FORT WORTH - Steadfast Apartment REIT has acquired four apartment communities, totaling 1,072 units, in two transactions for an aggregate purchase price of $157 million — with three properties located in the DFW area.

  • ​Euless: Kensington by the Vineyard is a 259-apartment community. Constructed in 1997 on 14.7 acres, the complex comprises 37 two-story apartment buildings.

    Units feature one-, two-, three- and four-bedrooms ranging from 692 sf to 1,613 sf. Kensington by the Vineyard is 95.8 percent occupied as of August 24.
  • North Richland Hills: Ten miles west of Kensington by the Vineyard is The Delano at North Richland Hills at 6250 Rosewood Dr​.

    This 263-apartment community offers a mix of one-, two-, three- and four-bedroom apartment homes in eight different layouts ranging from 722 sf to 1,954 sf.

    Delano at North Richland Hills is currently 97.3 percent occupied.
  • ​North Richland Hills: The Meadows at North Richland Hills features 252 units in two-, three- and four-bedroom designs ranging from 1,013 sf to 1,407 sf.

    The Meadows at North Richland Hills is currently 97.6 percent occupied.
GlobeSt.com
Dallas-Fort Worth-Arlington
Multifamily
http://www.globest.com/news/12_1188/orangecounty/multifamily/Steadfast-REIT-Invests-157M-in-MF-Properties-361317-1.htmlRead more at {Source}

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