Steadfast Apartment REIT, Inc. acquired Meadows at River Run from third-party seller for $58.5 million on October 30, 2015. STAR River Run financed the payment of the purchase price for the Meadows Property with a combination of proceeds from Steadfast Apartment REIT, Inc.'s ongoing public offering and the assumption of an existing Federal National Mortgage Association (OTCBB:FNMA) mortgage loan in the aggregate principal amount of $43.6 million. An acquisition fee of approximately $0.62 million was earned by Steadfast's advisor, i.e Steadfast Apartment Advisor, LLC in connection with the acquisition of the Meadows property,

Steadfast Apartment REIT, Inc. completed the acquisition of Meadows at River Run from a third-party seller on October 30, 2015.