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Steadfast Apartment REIT III adds 4th apartment property

Steadfast Apartment REIT III Inc. acquired the 280-unit Reflections on Sweetwater property in the northeast Atlanta submarket of Lawrenceville for $32.4 million.

The transaction marks the company's fourth acquisition, according to a release.

The 11-building, 95.7%-occupied apartment community is situated on a roughly 18-acre site and has detached garage parking.