Steadfast Apartment REIT, Inc. acquired PeakView by Horseshoe Lake from a third-party seller for $44.1 million on December 18, 2015. Steadfast Apartment financed the acquisition with a combination of proceeds from Steadfast Apartment's ongoing initial public offering and an advance in the aggregate principal amount of $33.15 million from PNC Bank, National Association, pursuant to Steadfast Apartment's revolving credit facility.

Steadfast Apartment REIT, Inc. completed the acquisition of PeakView by Horseshoe Lake from a third-party seller on December 18, 2015.