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Steadfast Lays Down Another $45M in Rapid Multifamily Rise

This after a big buy last week in Lawrenceville.

By Jennifer LeClaire | Updated on December 22, 2017

Avery Point is located within a 10-minute drive of more than 4 million square feet of class A office space. Avery Point is located within a 10-minute drive of more than 4 million square feet of class A office space.

ATLANTA— Avery Point Apartments, a 512-unit multifamily community, has traded hands. And a heavy-hitting Atlanta REIT snapped it up. (Steadfast just last week made a big multifamily strike in Lawrenceville, GA.)

Steadfast Apartment REIT III‘s (STAR III) acquired the multifamily asset. Completed in 1986, Avery Point includes 58 two-story buildings with one- and two-bedroom apartment homes and two-bedroom townhomes that average 900 square feet.

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