MANSFIELD - Steadfast Income REIT acquired the 336-unit Broadstone Ashwood for $30.9 million.
Located at 1701 Towne Crossing Blvd., Broadstone Ashwood consists of one-, two- and three-bedroom units with average in-place monthly rents of $891. Steadfast is renaming the 96 percent occupied asset to The Landing at Mansfield.
Read more about another property sold in the portfolio — The Heights Apartments in Houston for $37 million.
Source: Commercial Real Estate Direct.com
Listen to Podcast 191...for this story and more!
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.