April 1, 2016 Comments Off on Steadfast Pays $32M for Denver-Area Apartment Views: 364 California News, Colorado, National News, West

Steadfast Pays $32M for Denver-Area Apartment

Steadfast Apartment REIT acquired the 217-unit Fielder’s Creek Apartments in Englewood, CO. The new owner plans to make upgrades to the community at 3205 W Floyd Ave., approximately nine miles from downtown Denver.

Fielder’s Creek, built in the early 1980s, is situated on seven acres and is currently 97% occupied. Steadfast plans to upgrade approximately 40% of the apartment interiors. The remainder of the apartments had already been renovated. The acquisition is the REIT’s sixth property in Colorado.

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