{"id":8666,"date":"2016-08-23T10:53:54","date_gmt":"2016-08-23T14:53:54","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&#038;p=8666"},"modified":"2016-08-23T10:53:54","modified_gmt":"2016-08-23T14:53:54","slug":"steadfast-reit-grows-in-peachtree-state","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/steadfast-reit-grows-in-peachtree-state\/","title":{"rendered":"Steadfast REIT Grows in Peachtree State"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<h1>Steadfast REIT Grows in Peachtree State<\/h1>\n<p>The non-traded multifamily REIT sponsored by the private investment company paid about $56 million for a freshly renovated garden-style community in Marietta, Ga.<\/p>\n<p>August 19, 2016 | Multi-Housing News<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/media.atre.yardi.com\/1\/51786\/images\/1250_West_Ext_06_PPT.jpg?w=300&amp;h=200\" alt=\"\" width=\"300\" height=\"200\" \/><\/p>\n<p><strong>Atlanta\u2014<\/strong>In a $55.8 million deal, Steadfast Apartment REIT Inc. has acquired 1250 West, a 468-unit garden-style community in Marietta, Ga.<\/p>\n<p>In a statement, Ella Shaw Neyland, president of the non-traded REIT, described 1250 West as \u201ca very well-maintained, recently modernized community that includes many amenities.\u201d She cited \u201csignificant capital improvements\u201d made by previous ownership that Steadfast Apartment REIT believes position 1250 West among the top local communities. An $8 million upgrade between 2013 and 2015 added new flooring, cabinets, appliances, countertops, fixtures and lighting in all units, plus a renovated clubhouse and pools.<\/p>\n<p>Developed on 49 acres in two phases in 1987 and 1995, 1250 West features one-, two- and three-bedroom units with floor plans ranging in size from 736 to 1,200 square feet. The property is 95% occupied and in-place rents average $980.<\/p>\n<p><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-ico-before dashicons-text\" style=\"background-color: #33809e; color: #ffffff;\" href=\"http:\/\/bit.ly\/2c2X3yl\" target=\"_blank\" data-fasc-style=\"background-color:#33809e;color:#ffffff;\">Article Located Here<\/a><\/p>\n<p>&nbsp;<\/p>\n<div style=\"clear:both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>&nbsp; &nbsp; Steadfast REIT Grows in Peachtree State The non-traded multifamily REIT sponsored by the private investment company paid about $56 million for a freshly renovated garden-style community in Marietta, &hellip; <\/p>\n<p><a href=\"https:\/\/qa.bluevaultpartners.com\/steadfast-reit-grows-in-peachtree-state\/\" class=\"read-more\">Read more<\/a><\/p>\n","protected":false},"author":6,"featured_media":8020,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3010],"tags":[],"class_list":["post-8666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asset-manager-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Steadfast REIT Grows in Peachtree State - Blue Vault<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/qa.bluevaultpartners.com\/steadfast-reit-grows-in-peachtree-state\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Steadfast REIT Grows in Peachtree State - Blue Vault\" \/>\n<meta property=\"og:description\" content=\"&nbsp; 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