Steadfast Apartment REIT III

News

2018


Steadfast Apartment REIT III, Inc. Announces Results for the Quarter Ended September 30, 2018

Irvine, Calif., November 9, 2018 — Steadfast Apartment REIT III, Inc. (the “Company”) announced today its operating results for the three and nine months ended September 30, 2018. For the three and nine months ended September 30, 2018, the Company had total revenues of $9.9 million and $28.0 million, compared to $5.7 million and $12.5 million for the three and nine months end...


Steadfast Apartment REIT III Approves New Estimated Value of $22.54 Per Share

IRVINE, Calif., Oct. 12, 2018 – Steadfast Apartment REIT III, Inc. (STAR III) announced today the determination of an estimated value per share of the company’s common stock of $22.54 as of June 30, 2018. The estimated value per share was determined by STAR III’s board of directors after independent, third-party firms conducted property-level and aggregate valuation analyses on STAR III...


Steadfast Apartment REIT III, Inc. Announces Results for the Quarter Ended June 30, 2018

Irvine, Calif., August 10, 2018 — Steadfast Apartment REIT III, Inc. (the "Company") announced today its operating results for the three and six months ended June 30, 2018. For the three and six months ended June 30, 2018, the Company had total revenues of $9.2 million and $18.1 million, compared to $3.6 million and $6.7 million for the three and six months ended June 30, 2017. Ne...


Steadfast Apartment REIT III, Inc. Buys Apartment Community in Virginia for $30.1 Million

IRVINE, June 6, 2018 – Steadfast Apartment REIT III, Inc. (STAR III) announced that it has acquired Cottage Trails at Culpepper Landing, a "Class A" 183-unit garden-style apartment-home community located in Chesapeake, Virginia. The purchase price was approximately $30.1 million. "We are very pleased that our first Virginia property is in the Hamptons Roads MSA, an area that was particularl...


Steadfast Apartment REIT III, Inc. Announces Results for the Three Months Ended March 31, 2018

Irvine, Calif., May 11, 2018 — Steadfast Apartment REIT III, Inc. (the "Company") announced today its operating results for the three months ended March 31, 2018. For the three months ended March 31, 2018, the Company had total revenues of $8.8 million compared to $3.1 million for the three months ended March 31, 2017. Net loss was $3.9 million for the three month...


Steadfast Apartment REIT III, Inc. Announces Results for the Year Ended December 31, 2017

Irvine, Calif., March 15, 2018 — Steadfast Apartment REIT III, Inc. (the “Company”) announced today its operating results for the year ended December 31, 2017. For the year ended December 31, 2017, the Company had total revenues of $19.6 million compared to $1.3 million for the year ended December 31, 2016. Net loss was $11.8 million compared to $4.9 million over the same period....

2017


Steadfast Apartment REIT III, Inc. Buys Apartment Community in Indianapolis for $44.6 Million

INDIANAPOLIS, December 20, 2017 – Steadfast Apartment REIT III, Inc. (STAR III) announced that it has acquired Avery Point Apartments, a 512-unit apartment-home community located in northeast Indianapolis. The purchase price was approximately $44.6 million. "We believe the Indianapolis area is a perfect fit for the investment objectives of Steadfast Apartment REIT III, which targets mid-tie...


Steadfast Apartment REIT III, Inc. Buys Atlanta-Area Apartment Community for $35.3 Million

ATLANTA, December 12, 2017 – Steadfast Apartment REIT III, Inc. (STAR III) announced that it has acquired Sugar Mill Apartments, a gated 244-unit garden-style apartment-home community located in the Northeast Atlanta submarket of Lawrenceville. The purchase price was approximately $35.3 million. "The Sugar Mill acquisition adds another quality property to our portfolio f...


Steadfast Apartment REIT III, Inc. Announces Results for the Quarter Ended September 30, 2017

Irvine, Calif., November 9, 2017 — Steadfast Apartment REIT III, Inc. (the "Company") announced today its operating results for the three and nine months ended September 30, 2017. For the three and nine months ended September 30, 2017, the Company had total revenues of $5.7 million and $12.5 million, compared to $0.3 million and $0.4 million for the three and nine months ended Se...


Steadfast Apartment REIT III, Inc. Buys Atlanta-area Apartment Community for $43.5 Million

ATLANTA, Sept 6, 2017 – Steadfast Apartment REIT III, Inc. (STAR III) announced that it has acquired Ansley at Princeton Lakes, a gated 306-unit garden-style apartment-home community located in southwest Atlanta. The purchase price was approximately $43.5 million. "We believe the Atlanta area is well-positioned for long-term success as it continues to benefit from having the ten...


​Steadfast Apartment REIT III, Inc. Announces Results for the Quarter Ended June 30, 2017

Irvine, Calif., August 10, 2017 — Steadfast Apartment REIT III, Inc. (the “Company”) announced today its operating results for the three and six months ended June 30, 2017. For the three and six months ended June 30, 2017, the Company had total revenues of $3.6 million and $6.7 million compared to $0.1 million for the three and six months ended June 30, 2016. Net ...


Steadfast Apartment REIT III, Inc. Adds Denver-area Apartment Community for $63.3 Million

DENVER, July 26, 2017 – Steadfast Apartment REIT III, Inc. (STAR III) announced it has acquired its sixth apartment home community, Belmar Villas. The 318-unit garden style apartment community, located in the Denver suburb of Lakewood, was purchased for $63.3 million. "We believe the Denver area is a great match for the investment objectives of Steadfast Apartment REIT III, which targets mid...


Steadfast Apartment REIT III, Inc. Acquires Dallas-Area Apartment Community for $44 Million

DALLAS, June 1, 2017 – Steadfast Apartment REIT III, Inc. (STAR III) announced that it has acquired The Pointe at Vista Ridge (formerly known as Enclave at Vista Ridge), a 300-apartment-home community located in the Northern Dallas submarket of Lewisville. The purchase price was approximately $44 million. "Dallas is a growing region with demographic trends that are a goo...


Steadfast Apartment REIT III, Inc. Announces Results for the Quarter Ended March 31, 2017

Irvine, Calif., May 11, 2017 — Steadfast Apartment REIT III, Inc. (the “Company”) announced today its operating results for the three months ended March 31, 2017. For the three months ended March 31, 2017, the Company had total revenues of $3.1 million while net loss was $2.3 million. Total assets of the Company grew from $117.4 million at December 31, 2016 to $159.7 million at M...


Steadfast Apartment REIT III, Inc. Announces Results for the Year Ended December 31, 2016

Irvine, Calif., March 16, 2017 — Steadfast Apartment REIT III, Inc. (the “Company”) announced today its operating results for the year ended December 31, 2016. For the year ended December 31, 2016, the Company had total revenues of $1.3 million while net loss was $4.9 million. Total assets of the Company grew from $0.2 million at December 31, 2015 to $117.4 million at December 31,...


Steadfast Apartment REIT III, Inc. Acquires Atlanta-Area Asset for $32.4 Million

IRVINE, Calif., Jan. 18, 2017 - Steadfast Apartment REIT III, Inc. (STAR III) added to its apartment portfolio with its fourth acquisition, Reflections on Sweetwater, a 280-apartment-home community located in the Northeast Atlanta submarket of Lawrenceville, that was purchased for $32.4 million. "The Atlanta area fits well into our investment strategy of purchasing mid-tier properties i...


Steadfast Apartment REIT III, Inc. Acquires Austin Asset for $44.5 Million

IRVINE, Calif., Jan. 4, 2017 - Steadfast Apartment REIT III, Inc. (STAR III) announced its third acquisition, Canyon Resort at Great Hills, a 256-apartment-home community located in Austin, Texas, purchased for $44.5 million. "We believe that Canyon Resort will be another great addition to our growing portfolio of mid-tier properties," said Ella Neyland, president of Steadfast Apartment...

2016


Steadfast Apartment REIT III, Inc. Acquires Denver Area Asset For $47.4 Million

IRVINE, Calif., Nov. 22, 2016 - Steadfast Apartment REIT III, Inc. (STAR III) announced today the acquisition of its second apartment community, Bristol Village, a 240-apartment-home complex located in Aurora—in the Denver Metropolitan Area—for $47.4 million. "We are excited to add our second property to STAR III with the purchase of Bristol Village," said Ella Shaw Neyland, preside...


Steadfast Apartment REIT III, Inc. Announces Results for the Quarter Ended September 30, 2016

Irvine, Calif., November 10, 2016 — Steadfast Apartment REIT III, Inc. (the "Company") announced today its operating results for the three and nine months ended September 30, 2016. For the three and nine months ended September 30, 2016, the Company had total revenues of $292,501 and $437,247 while net loss was $502,350 and $1,377,294, respectively. Total assets of the Company grew from ...


Steadfast Apartment REIT III, Inc. Announces Results for the Quarter Ended June 30, 2016

Irvine, Calif., Aug. 12, 2016 — Steadfast Apartment REIT III, Inc. (the "Company") announced today its operating results for the three and six months ended June 30, 2016. For the three and six months ended June 30, 2016, the Company had total revenues of $144,746 while net loss was $799,048 and $874,944, respectively. Total assets of the Company grew from $200,000 at December 31, 2015 t...


Steadfast Apartment REIT III, Inc. Acquires First Asset for $7.6 Million

Steadfast Apartment REIT III, Inc. (STAR III) announced today the acquisition of its first community, Carriage House Apartments, a 136-unit complex located in Gurnee—43 miles outside of Chicago—for $7.6 million. In connection with the property acquisition, authorized cash distributions equal to $0.004098 per share of Class A common stock and $0.003366 per share of the Company's Clas...