STEADFAST INCOME REIT BUYS DALLAS APARTMENT COMPLEX

DALLAS — Steadfast Income REIT Inc. has acquired Mapleshade Park, a 148-unit multifamily property in Dallas. Located at 6606 Mapleshade Lane, the Class A, garden-style complex is in close proximity to the President George Bush Turnpike. The community includes two-bedroom apartments in three different townhouse layouts, as well as a fitness center, swimming pool, hot tub, dog park, clubhouse and barbecue area. The property was 96 percent occupied at the time of the acquisition. Ryan Reid, Dirk Goris and Jeremy Faltys of CBRE represented both Steadfast Income REIT and the unnamed seller in the transaction. Steadfast Income REIT acquired the property, along with a 192-unit multifamily property in Chattanooga, Tenn., for approximately $42 million.