Steadfast Apartment REIT, Inc. acquired PeakView at T-Bone Ranch in Colorado and Park Valley Apartments in Smyrna for $91.7 million on December 11, 2015. As reported, Steadfast acquired PeakView at T-Bone Ranch for $40.3 million and Park Valley Apartments for $51.4 million. Steadfast Apartment financed the transaction with a loan of $28.21 million from Berkeley Point Capital LLC and an advance of $38.55 million from PNC Bank, National Association.

Steadfast Apartment REIT, Inc. completed the acquisition of PeakView at T-Bone Ranch in Colorado and Park Valley Apartments in Smyrna on December 11, 2015.