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Steadfast Apartment REIT III Pays $44.6M for Avery Point in Indianapolis

The Embassy Group Sells 512-Unit Multifamily Community
By Scott Sherrod
December 22, 2017 | 6:10 P.M.

Steadfast Apartment REIT III Inc. (STAR III), a real estate investment trust that focuses on middle-market apartments and senior living facilities, acquired the 512-unit Avery Point apartments in Indianapolis, IN from The Embassy Group for $44.6 million, or about $87,000 per unit.

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News | Steadfast Apartment REIT III Pays $44.6M for Avery Point in Indianapolis