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Steadfast Spends Another $89M on Multifamily

ATLANTA— All told, Steadfast has now invested about $529 million in 15 multifamily complexes in eight states. Find out why the firm is betting on East Cobb.

By Jennifer LeClaire | Updated on June 03, 2015

ATLANTA—Steadfast Apartment REIT just snapped up two multifamily communities in the Southeast for $88.5 million. All told, Steadfast has now invested about $529 million in 15 multifamily complexes in eight states.

“We believe the apartment market is thriving as a result of job creation and strong demographics,” says Ella Shaw Neyland, president of Steadfast. “More employers and households are moving to secondary markets where local economies are growing, including in many locations where Steadfast already has a presence or would like to have a presence.”

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