California-based REIT makes $44M buy of 300-home community in DFW

An Orange County, California-based real estate investment trust — Steadfast Apartment REIT III Inc. — has acquired a North Texas apartment community, with plans to renovate the interior of the 300 homes.

The community, called The Pointe at Vista Ridge, adjacent to Vista Ridge Mall in Lewisville was acquired for about $44 million.

Click to read more at Dallas Business Journal.