CHARLOTTE—Arbors at Brookfield just traded for $66.8 million. Steadfast Apartment REIT acquired the 702-unit apartment community in Mauldin, SC, which is less than eight miles from the Greenville CBD.
The acquisition marks Steadfast's entry into South Carolina. The firm has now invested over $687 million in 18 apartment communities in nine states.
“Arbors at Brookfield is a strong addition to the Steadfast Apartment REIT portfolio,” says Ella Neyland, president of Steadfast. “Located in a thriving submarket with positive fundamental gains, we believe it represents a quality asset with untapped potential.”
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