REBusinessOnline

STEADFAST INCOME REIT BUYS 6-PROPERTY HOUSTON MULTIFAMILY PORTFOLIO

HOUSTON — Steadfast Income REIT Inc. has acquired a six-property multifamily portfolio in Houston totaling 1,692 apartments. The purchased properties include Villas at Huffmeister, Waterford Place at Riata Ranch, Carrington Place and Carrington Park in the suburb of Cypress; Carrington at Champion Forest in the Champions submarket; and Villas of Kingwood in the master-planned community of Kingwood. The complexes feature similar amenities, including a clubhouse, swimming pool, business center and fitness center. A joint venture between Lane Co. and Lubert-Adler is the seller. Steadfast represented itself in the transaction.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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