COPPELL--Steadfast Apartment REIT has acquired Lakeside at Coppell, a 315-unit apartment community located in Coppell.
The REIT now has invested approximately $993 million in 25 communities containing 8,206 units in 11 states. It owns 2,007 units in the state of Texas.
"Steadfast's sweet spot is stable, income-producing properties in strong growth markets where we see opportunity to enhance operational efficiencies and maximize overall value,” Ella Shaw Neyland, president of Steadfast Apartment REIT, told GlobeSt.com. “Lakeside at Coppell and its location within the Dallas-Fort Worth MSA exemplify this strategy.”
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