Sep 3, 2015
Steadfast REIT invests $157M: where in DFW?
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...
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.
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