Steadfast Apartment REIT

Steadfast Apartment REIT News

2018


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

Irvine, Calif., November 8, 2018 — Steadfast Apartment REIT, 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 $43.2 million and $127.0 million, compared to $41.6 million and $122.1 million for the three and nine months end...


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

Irvine, Calif., August 9, 2018 — Steadfast Apartment REIT, 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 $42.5 million and $83.8 million compared to $40.8 million and $80.5 million for the three and six months ended June...


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

Irvine, Calif., May 10, 2018 — Steadfast Apartment REIT, 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 $41.4 million compared to $39.7 million for the three months ended March 31, 2017. Net loss was $8.0 million for the three months ended March 31, 2...


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

Irvine, Calif., March 16, 2018 — Steadfast Apartment REIT, 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 $163.4 million compared to $144.0 million for the year ended December 31, 2016. Net loss was $33.6 million compared to $37.7 million over the same period....


Steadfast Apartment REIT Approves New Estimated Value of $15.18 Per Share

IRVINE, Calif., March. 16, 2018 – Steadfast Apartment REIT, Inc. (STAR) announced today the determination of an estimated value per share of the company's common stock of $15.18 as of December 31, 2017. The estimated value per share was determined by STAR's board of directors based on independent, third-party firms property-level and aggregate valuation analyses on STAR's 34 apartment c...

2017


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

Irvine, Calif., November 13, 2017 — Steadfast Apartment REIT, 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 $41.6 million and $122.1 million, compared to $37.4 million and $104.5 million for the three and ni...


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

Irvine, Calif., August 11, 2017 — Steadfast Apartment REIT, 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 $40.8 million and $80.5 million compared to $34.7 million and $67.2 million for the three and six months ended Ju...


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

Irvine, Calif., May 12, 2017 — Steadfast Apartment REIT, 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 $39.7 million compared to $32.5 million for the three months ended March 31, 2016. Net loss was $8.4 million compared to $10.3 million over the sa...


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

Irvine, Calif., March 17, 2017 — Steadfast Apartment REIT, 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 $144.0 million compared to $68.4 million for the year ended December 31, 2015. Net loss was $37.7 million compared to $50.7 million over the same periods. ...


Steadfast Apartment REIT Approves New Estimated Value Of $14.85 per Share

IRVINE, Calif., Feb. 15, 2017 – Steadfast Apartment REIT, Inc. (STAR) announced today the determination of an estimated value per share of the company’s common stock of $14.85 as of December 31, 2016. The estimated value per share was determined by STAR’s board of directors based on independent, third-party firms property-level and aggregate valuation analyses on STAR’s 34 apartment co...

2016


STAR Advises Stockholders to Await Board Recommendation Regarding Tender Offer

Steadfast Apartment REIT, Inc. Advises Stockholders Not to Take Action Until Board of Directors Makes Recommendation Regarding Tender Offer IRVINE, Calif., Nov. 23, 2016 - Steadfast Apartment REIT, Inc. ("STAR") confirmed that Everest REIT Investors I, LLC and Everest REIT Investors II, LLC (together, the "Offerors") initiated an unsolicited tender offer to acquire up to 2,500,000, or 5...


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

IRVINE, Calif., Nov. 10, 2016 -- Steadfast Apartment REIT, 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 $37.4 million and $104.5 million compared to $20.2 million and $40.7 million for the three and nine months ended September 3...


Steadfast Apartment REIT Purchases 334 Apartment Homes in Dallas Suburb

Purchase Brings REIT's Texas Portfolio to Eight Properties IRVINE, Calif., Sept. 30, 2016 - Steadfast Apartment REIT announced today the acquisition of its eighth Texas property: Lake Ray Hubbard, a garden-style apartment community with 334 apartment homes in Rockwall, a submarket 25 miles northeast of Dallas. "Lake Ray Hubbard is an excellent apartment complex and is well positioned w...


Steadfast Apartment REIT Acquires 468 Apartment Homes Near Atlanta for $55.8M

REIT Now Owns 2,804 Apartment Homes in the Peach State IRVINE, Calif., Aug. 17, 2016 - Steadfast Apartment REIT, Inc. announced today the acquisition of 1250 West, a 468-unit apartment community in Marietta—just 20 miles outside of downtown Atlanta—for $55.8 million. Steadfast Apartment REIT now owns 33 properties in 11 states for an aggregate purchase price of $1.43 billion. "1250 We...


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

IRVINE, Calif., Aug. 12, 2016 -- Steadfast Apartment REIT, 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 $34.7 million and $67.2 million compared to $12.7 million and $20.5 million for the three and six months ended June 30, 2015. Net loss w...


Steadfast Apartment REIT Adds 724 Units Near Nashville in $110 Million Buy

Transaction Marks REIT's Fourth Acquisition in Tennessee IRVINE, Calif., May 18, 2016 - Steadfast Apartment REIT announced today the acquisition of Landings of Brentwood, a 724- apartment home community located in the Brentwood submarket of Nashville, for $110 million. The REIT now owns 32 properties in 11 states for an aggregate purchase price of $1.38 billion. "Landings of Brentwood ...


Steadfast Apartment REIT, Inc. Announces Results for the Quarter Ended March 31, 2016

IRVINE, Calif., May 13, 2016 -- Steadfast Apartment REIT, Inc. (the "Company") announced today its operating results for the three months ended March 31, 2016. For the three months ended March 31, 2016, the Company had total revenues of $32.5 million compared to $7.7 million for the three months ended March 31, 2015. Net loss was $10.3 million compared to $7.5 million over the same ...


Steadfast Apartment REIT Approves New Estimated Value of $14.46 per Share

IRVINE, Calif., March 29, 2016 - Steadfast Apartment REIT, Inc. (STAR) announced today the determination of an estimated value per share of the company's common stock of $14.46 as of December 31, 2015. The estimated value per share was determined by STAR's board of directors after independent, third-party firms conducted property-level and aggregate valuation analyses on STAR's 30 apar...


Steadfast Apartment REIT, Inc. Announces Results for the Year Ended December 31, 2015

IRVINE, Calif., March 29, 2016 - Steadfast Apartment REIT, Inc. (the "Company") announced today its operating results for the year ended December 31, 2015. For the year ended December 31, 2015, the Company had total revenues of $68.4 million compared to $7.3 million for the year ended December 31, 2014. Net loss was $50.7 million for the year ended December 31, 2015 compared to $1...


Steadfast Apartment REIT Acquires 217 Apartment Homes in Colorado for $32.4 Million

REIT Now Owns Six Communities in the Centennial State IRVINE, Calif., March 29, 2016 - Steadfast Apartment REIT announced the all-cash acquisition of Fielder's Creek Apartments, a 217 apartment home community in Englewood--an attractive submarket only nine miles from downtown Denver--for $32.4 million. The REIT, which terminated its public offering on March 24, 2016, now has invested ...

2015


Steadfast Apartment REIT Acquires Stoneridge Farms in Nashville for $47.75 Million

IRVINE, Calif., Dec. 31, 2015 - Steadfast Apartment REIT announced today the acquisition of Stoneridge Farms, a 336-unit apartment community in Nashville's Smyrna submarket for $47.75 million—bringing its total acquisition activity to $1.2 billion. The REIT now owns 617 units in the state of Tennessee, for a total of 9,858 units in 11 states. "2015 was an exceptional year for Steadf...


Steadfast Apartment REIT Acquires 222 Units in Colorado for $44.2 Million

Acquisition Marks REIT's Fifth Colorado Acquisition IRVINE, Calif., Dec. 22, 2015 - Steadfast Apartment REIT announced the acquisition of PeakView by Horseshoe Lake,a 222-unit apartment community in Loveland—an attractive submarket within Colorado's Fort Collins metro area—for $44.2 million. Steadfast Apartment REIT now has invested approximately $1.2 billion in 29 apartment communitie...


Steadfast Apartment REIT Adds 720-Units to Portfolio

REIT Acquires Apartment Communities in Georgia and Colorado for $91.7 Million IRVINE, Calif., Dec. 14, 2015 - Steadfast Apartment REIT, Inc. announced that it has acquired two apartment communities in separate transactions. Park Valley Apartments in Smyrna—an attractive submarket within the Atlanta Metropolitan Statistical Area ("MSA")—was purchased for $51.4 million, and PeakView at T...


Steadfast Apartment REIT, Inc. Announces Results for the Quarter Ended September 30, 2015

IRVINE, Calif., Nov. 12, 2015 -- Steadfast Apartment REIT, Inc. (the "Company") announced today its operating results for the three and nine months ended September 30, 2015. For the three and nine months ended September 30, 2015, the Company had total revenues of $20.2 million and $40.7 million compared to $1.7 million and $1.9 million for the three and nine months ended September 30, 2...


Steadfast Apartment REIT Tops $1 Billion in Assets with Chicago-Area Acquisition

REIT Now Owns 26 Properties in 11 States IRVINE, Calif., Nov. 2, 2015 - Steadfast Apartment REIT announced that it has acquired Meadows at River Run, a 374-unit apartment community located in Bolingbrook, Ill.—just 25 miles outside of the Chicago Central Business District—for a purchase price of $58.5 million. With the acquisition of Meadows at River Run, Steadfast Apartment REIT h...


Steadfast Apartment REIT Purchases 315-Unit Apartment Community in Dallas-Fort Worth Metro

Transaction Brings REIT's Total Investments to $993 Million IRVINE, Calif., Oct. 13, 2015 - Steadfast Apartment REIT announced today the acquisition of Lakeside at Coppell, a 315-unit apartment community located in the city of Coppell, Texas—just 35 minutes northwest of the Dallas Central Business District. The REIT now has invested approximately $993 million in 25 communities containi...


Steadfast Apartment REIT Acquires Two Properties for $88.45 Million

Transaction Brings REIT's Total Investments to $932 Million IRVINE, Calif., Sept. 29, 2015 - Steadfast Apartment REIT announced today the acquisition of two apartment communities in separate transactions in Oklahoma City and the Dallas-Fort Worth metro area totaling 654 units for an aggregate purchase price of $88.45 million. The REIT now has invested over $932 million in 24 communitie...


Steadfast Apartment REIT Announces Anticipated Closing Date for Initial Public Offering

Sales of Shares of Common Stock in Primary Offering will Cease on or Before March 25, 2016 IRVINE, Calif., Sept. 14, 2015 - Steadfast Apartment REIT, Inc. ("STAR") announced that its board of directors has determined to discontinue STAR's ongoing initial public offering on or before March 25, 2016. As of August 26, 2015 STAR had received approximately $378 million in gross offering proc...


Steadfast Apartment REIT Acquires 1,072 Apartment Units for $157 Million

REIT Enters Missouri and Expands Texas Footprint IRVINE, Calif., Sep. 1, 2015 - Steadfast Apartment REIT announced today the acquisition of four apartment communities (1,072 units) in two separate transactions for an aggregate purchase price of $157 million. The REIT now has invested approximately $844.3 million in 22 apartment communities containing 7,237 units in 10 states. Steadfast...


Steadfast Apartment REIT, Inc. Announces Results for the Quarter Ended June 30, 2015

Irvine, Calif., Aug.13, 2015 — Steadfast Apartment REIT, Inc. (the "Company") announced today its operating results for the three and six months ended June 30, 2015. For the three and six months ended ended June 30, 2015, the Company had total revenues of $12.7 million and $20.5 million compared to $0.2 million and $0.2 million for the three and six months ended June 30, 2014. Net loss ...


Steadfast Apartment REIT Enters South Carolina with $66.8 Million Purchase

REIT Acquires 702-Unit Apartment Community Near Greenville IRVINE, Calif., July 7, 2015 - Steadfast Apartment REIT announced today the acquisition of Arbors at Brookfield, a 702-unit apartment community in Mauldin, S.C., less than eight miles from the Greenville CBD, for $66.8 million. The acquisition marks Steadfast Apartment REIT's entry into South Carolina and it has now invested mo...


Steadfast Apartment REIT Enters the Denver Market

REIT Now Owns 916 Apartment Homes in Colorado IRVINE, Calif., July 1, 2015 - Steadfast Apartment REIT announced today the acquisition of two apartment communities, Bella Terra at City Center and Hearthstone at City Center, located in Aurora, Colo., just 20 minutes outside of Denver's Central Business District for an aggregate purchase price of $91 million. Steadfast Apartment REIT has n...


Steadfast Apartment REIT Adds 900 Apartment Homes to Growing Portfolio for $88.5 Million

REIT Enters Alabama Market for the First Time and Expands in Atlanta MSA IRVINE, Calif., June 3, 2015 - Steadfast Apartment REIT announced today the acquisition of two apartment communities in two separate transactions with an aggregate purchase price of $88.5 million and 900 total apartment homes. Steadfast Apartment REIT now has invested approximately $529 million in 15 apartment com...


Steadfast Apartment REIT Announces Intention to Disclose an Estimated Value Per Share in March 2016

IRVINE, Calif., June 3, 2015 - Steadfast Apartment REIT, Inc. announced today that its board of directors intends to disclose an estimated value per share of Steadfast Apartment REIT's common stock in its 2015 annual report, which will be filed in March 2016. The estimated value per share would be based on the valuations of the company's assets and liabilities with the assistance of...


Steadfast Apartment REIT Purchases Apartment Community Near Nashville

Heritage Place Apartments Acquired for $9.65 million IRVINE, Calif., May 1, 2015 - Steadfast Apartment REIT announced today the acquisition of Heritage Place Apartments, a 105-unit apartment community located in Franklin, Tenn., just 25 minutes south of Nashville, for $9.65 million. With this acquisition, Steadfast Apartment REIT has purchased 13 communities in seven states totaling 3,...


Steadfast Apartment REIT Acquires Three Properties in Midwest for $80.8 Million

REIT Adds 643 Apartment Homes to Portfolio IRVINE, Calif., April 6, 2015 - Steadfast Apartment REIT announced today the acquisition of three apartment communities in the Midwest in three separate transactions with an aggregate purchase price of $80.8 million and comprising 643 total apartment homes. Steadfast Apartment REIT now has invested over $430 million in twelve apartment com...


Steadfast Apartment REIT Acquires a $51 Million Apartment Community Near Atlanta

Represents REIT's Second Atlanta-area Acquisition IRVINE, Calif., March 13, 2015 - Steadfast Apartment REIT announced today the acquisition of Preston Hills at Mill Creek, a 464-unit apartment community in Buford, Ga., just 35 miles from downtown Atlanta, for $51 million. The REIT has now invested over $350 million in nine apartment communities in six Midwestern and Southern States. "P...


Steadfast Apartment REIT, Inc. Announces Results for the Year Ended December 31, 2014

IRVINE, Calif., March 13, 2015 - Steadfast Apartment REIT, Inc. (the "Company") announced today its operating results for the year ended December 31, 2014. For the year ended December 31, 2014, the Company had total revenues of $7.3 million while net loss was $11.8 million. Total assets of the Company grew from $0.2 million at December 31, 2013 to $306.5 million at December 31, 2014. Hi...


Steadfast Apartment REIT Closes on 192-Unit Apartment Community in the Greater Cincinnati Market

IRVINE, Calif., Feb. 27, 2015 - Steadfast Apartment REIT announced today the acquisition of Columns on Wetherington, a 192-unit apartment community located in Florence, Ky., just 15 miles outside of downtown Cincinnati, for $25 million. The REIT now has invested over $290 million in eight apartment communities in six Midwestern and Southern states. "The greater Cincinnati market is...

2014


Steadfast Apartment REIT Closes on $40 Million Apartment Community

IRVINE, Calif., Dec. 23, 2014 - Steadfast Apartment REIT announced today the $40 million acquisition of The Oasis, a 252-unit apartment community in Colorado Springs, Colo. The transaction represents the REIT's entry into Colorado, and boosts its portfolio to seven apartment communities across five states purchased for $275 million. "We are excited to add The Oasis to our growing roster...


Steadfast Apartment REIT Acquires 500-Unit Community Near Atlanta for $49 Million

IRVINE, Calif., Nov. 25, 2014 - Steadfast Apartment REIT announced today the acquisition of 1800 Barrett Lakes, a 500-unit apartment community situated in the Atlanta submarket of Kennesaw, Ga., for $49 million. The REIT now has invested over $234 million in six apartment communities in four Midwestern and Southern states. "1800 Barrett Lakes is located in one of the stronger submarkets...


Steadfast Apartment REIT, Inc. Announces Results for the Period Ended September 30, 2014

Irvine, Calif., Nov. 12, 2014 — Steadfast Apartment REIT, Inc. (the "Company") announced today its operating results for the period ended September 30, 2014. For the three and nine months ended September 30, 2014, the Company had total revenues of $1.7 million and $1.9 million while net loss was $2.4 million and $4.4 million, respectively. Total assets of the Company grew from $203,...


Steadfast Apartment REIT, Inc. Announces Date of Third Quarter 2014 Earnings Conference Call

IRVINE, Calif., Oct. 29, 2014 - Steadfast Apartment REIT, Inc. announced today that the company expects to release its third quarter 2014 results after market close on Wednesday, November 12, 2014, and will hold a conference call on Thursday, November 13, 2014 at 3:00 P.M. (Eastern Time) to discuss its results. The call will include prepared remarks by management and a question and ans...


Steadfast Apartment REIT Acquires 696 Units Near Atlanta for $98.5 Million

REIT Now Owns 1,743 Apartment Homes in Four States IRVINE, Calif., Oct. 22, 2014 - Steadfast Apartment REIT announced today the acquisition of 696 apartment homes in the North Gwinnett submarket of Atlanta for $98.5 million. Originally constructed as two stand-alone properties comprising 354 apartment homes and 342 apartment homes, Steadfast will jointly operate the properties as The ...


Steadfast Apartment REIT Acquires Two Communities in Austin - Transactions Add 564 Units

IRVINE, Calif., Sept. 4, 2014 - Steadfast Apartment REIT announced today that it acquired two Austin-area apartment communities in separate transactions. Club at Summer Valley and Terrace Cove are the REIT's third and fourth acquisitions, bringing the portfolio to 1,047 apartment homes with an aggregate purchase price of $87 million. "The latest U.S. Census figures show that the sub...


Steadfast Apartment REIT, Inc. Announces Results for the Three and Six Months Ended June 30, 2014

IRVINE, Calif., Aug. 12, 2014 -- Steadfast Apartment REIT, Inc. (the "Company") announced today its operating results for the three and six months ended June 30, 2014. For the three and six months ended June 30, 2014, the Company had total revenues of $192,864 and $192,864 while net loss was $1.6 million and $1.9 million, respectively. Total assets of the Company grew from $203,500 at ...


Steadfast Apartment REIT, Inc. Announces Date of Second Quarter 2014 Earnings Conference Call

IRVINE, Calif., July 30, 2014 - Steadfast Apartment REIT, Inc. announced today that the company expects to release its second quarter 2014 results after market close on Tuesday, August 12, 2014, and will hold a conference call on Wednesday, August 13, 2014 at 2:00 P.M. (Eastern Time) to discuss its results.The call will include prepared remarks by management and a question and answe...


Steadfast Apartment REIT Acquires 307-Unit Complex in Indianapolis

IRVINE, Calif., July 7, 2014 - Steadfast Apartment REIT announced today the acquisition of Harrison Place, a 307-unit complex located in the heart of Indianapolis, for $27,900,000. "Harrison Place is located in one of the stronger submarkets within the Indianapolis area, and boasts consistently high occupancy," said Ella Shaw, president of Steadfast Apartment REIT. "We are pleased to ad...


Steadfast Apartment REIT Acquires First Asset

IRVINE, Calif., May 29, 2014 - Steadfast Apartment REIT announced today the acquisition of its first apartment community, Villages at Spring Hill, a 176-unit complex located in Spring Hill, Tenn., for $14.2 million. As previously disclosed, in connection with the property acquisition, previously authorized cash distributions equal to an annualized rate of 6.0 percent on the purchase...

2013


Steadfast REIT Investments, LLC Launches Steadfast Apartment REIT

IRVINE, Calif., Dec. 31, 2013 – Steadfast Apartment REIT, Inc. has commenced its initial public offering of $1.1 billion in common stock. The registration statement relating to the offering of common stock was declared effective by the Securities and Exchange Commission on December 30, 2013. Steadfast Apartment REIT intends to elect to qualify as a real estate investment trust (REIT) fo...


Steadfast REIT Investments, LLC Announces the Filing of a Registration Statement for Steadfast Apart

IRVINE, Calif., Sept. 9, 2013 - Steadfast Apartment REIT, Inc. filed a registration statement on Form S-11 with the U.S. Securities and Exchange Commission on September 6, 2013 regarding a proposed initial public offering of $935 million of common stock. Steadfast Apartment REIT has registered to offer and sell up to $850 million shares of common stock at $15 per share in a best eff...