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Steadfast Income REIT, Steadfast Apartment REIT III schedule merger vote

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Steadfast Income REIT, Steadfast Apartment REIT III schedule merger vote

Steadfast Income REIT Inc. and Steadfast Apartment REIT III will hold separate special shareholder meetings March 2, 2020, to vote on their proposed merger with fellow multifamily real estate investment trust Steadfast Apartment REIT Inc.

The merger of the three REITs sponsored by Steadfast REIT Investments LLC, an affiliate of Steadfast Cos., will form a moderate-income apartment REIT with roughly $3.3 billion in gross real estate assets.