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Steadfast Apartment REIT Picks Up Eighth Multifamily Investment in Texas

California Outfit Finalizes Deal with The Blackstone Group to Acquire 334-Unit Lake Ray Hubbard in Suburban Dallas
By Emily Kukwa
October 4, 2016 | 8:49 P.M.

Irvine, CA-based Steadfast Apartments REIT has worked out a deal with The Blackstone Group (NYSE: BX) to acquire the 334-unit apartment complex at 1650 S. John King Blvd. in the Dallas suburb of Rockwall, TX. Terms of the deal were not disclosed.

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