Steadfast Income REIT acquires 2 apartment communities

09/11/2013 | GlobeSt.com

Steadfast Income REIT, based in California, has acquired two apartment communities for its portfolio. The REIT acquired BriceGrove Park in Ohio for $20.1 million and Watermark at Hamburg Place in Kentucky for $16.3 million. "We believe the Steadfast portfolio is unique because it is concentrated in the central corridor of the United States in markets that are predominantly outperforming the nation," said Steadfast President Ella Shaw Neyland.

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