CARROLLTON, PLANO - Steadfast Income REIT has bought the Arbors of Carrollton and the Waterford on the Meadows apartments in Plano for a total of $31.9 million.
The Arbors of Carrollton are made up of 131 units. Waterford on the Meadows is a 350-unit community.
Both projects were built in the 1980s and are more than 95 percent leased.
The Arbors of Carrollton apartments are at 2240 E. Trinity Mills Rd. Waterford on the Meadows is at 1414 Shiloh Rd. in Plano.
Steadfast Income REIT is based in Irvine, Calif.
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