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Steadfast Pays $63.3 Million for Belmar Villas

Seagate Properties Sells 318-Unit Lakewood Community
By Samuel Volante
July 28, 2017 | 9:46 P.M.

Steadfast Apartment REIT III, Inc. (STAR III), a real estate investment company out of Orange County, CA, closed on its second investment in the Denver market with the purchase of Belmar Villas at 700 S. Reed Ct. in Lakewood, CO for $63.3 million, or approximately $199,000 per unit.

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