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Villages at Spring Hill Complex Sells for $14 Million

Steadfast Apartment REIT Acquires 176-Unit Tennessee Apartment Community
By Colleen Glenn
May 30, 2014 | 1:44 P.M.

California-based Steadfast Apartment REIT acquired its first apartment community, the Villages at Spring Hill in Spring Hill, TN, from Commonwealth Development Group. The 176-unit multifamily complex sold for $14.2 million, or about $80,700 per unit.

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