Steadfast REIT Picks Up Six Apartment Properties in Houston

HOUSTON-Steadfast Income REIT, Inc. recently completed a six-property portfolio acquisition in Houston representing 1,692 apartment units. The portfolio was acquired in two phases that closed on October 10 and November 7, respectively.

“As the fourth largest city in the nation, Houston has not only sustained the effects of the recession but has continued to lead the nation into the recovery and growth period,” said Ella Neyland, president of Steadfast Income REIT. “In fact, Forbes recently predicted that Houston will be known as America’s next great global city with projected job growth over nearly 20% in the coming decade.”