Independence Realty Trust To Merge With Steadfast Apartment REIT Investor Presentation
INDEPENDENCE REALTY TRUST TO MERGE WITH STEADFAST REIT Creates Leading Sunbelt-Focused Multifamily Platform July 26, 2021
INDEPENDENCE REALTY TRUST TO MERGE WITH STEADFAST REIT Creates Leading Sunbelt-Focused Multifamily Platform July 26, 2021
Irvine, Calif., July 26, 2021 — Steadfast Apartment REIT, Inc. (the “Company”) announced today its operating results for the three and six months ended June 30, 2021.
PHILADELPHIA, PA, and IRVINE, CA (July 26, 2021 ) -- Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) and Steadfast Apartment REIT, Inc. (“STAR”) today announced that they have entered into a definitive merger agreement under which STAR will merge with and into IRT, with IRT surviving as the continuing public company. The merger will join together two high-quality portfolios with complementary geographic footprints in the highly desirable Sunbelt region of the United States. On a pro forma basis, the combined company will own a portfolio of 131 apartment communities comprising approximately 38,000 units across 16 states. The combined company is expected to have a pro forma equity market capitalization of approximately $4 billion and a pro forma total enterprise value of approximately $7 billion.
Irvine, Calif., May 14, 2021 — Steadfast Apartment REIT, Inc. (the “Company”) announced today its operating results for the three months ended March 31, 2021.
Irvine, Calif., March 12, 2021 — Steadfast Apartment REIT, Inc. (the “Company”) announced today its operating results for the year ended December 31, 2020.
Steadfast Apartment REIT, Inc. (the “Company”) announced today its operating results for the three and nine months ended September 30, 2020.
Irvine, Calif., August 7, 2020 — Steadfast Apartment REIT, Inc. (the “Company”) announced today its operating results for the three and six months ended June 30, 2020.
Irvine, Calif., May 14, 2020 — Steadfast Apartment REIT, Inc. (the “Company”) announced today its operating results for the three months ended March 31, 2020.
Irvine, Calif., March 12, 2020 — Steadfast Apartment REIT, Inc. (the “Company”) announced today its operating results for the year ended December 31, 2019.
Irvine, Calif., March 6, 2020 - Steadfast Apartment REIT, Inc. (“STAR”) announced today that it completed its mergers with each of Steadfast Income REIT, Inc. (“SIR”) and Steadfast Apartment REIT III, Inc. (“STAR III”). Following the mergers, STAR has approximately $3.4 billion in gross real estate asset value.
Irvine, Calif., November 8, 2019 — Steadfast Apartment REIT, Inc. (the “Company”) announced today its operating results for the three and nine months ended September 30, 2019.
Irvine, Calif., August 13, 2019 — Steadfast Apartment REIT, Inc. (the “Company”) announced today its operating results for the three and six months ended June 30, 2019.
Irvine, Calif., August 6, 2019 - Steadfast Apartment REIT, Inc. (“STAR”), Steadfast Income REIT, Inc. (“SIR”) and Steadfast Apartment REIT III, Inc. (“STAR III”) announced today that they have entered into definitive merger agreements pursuant to which STAR would acquire SIR and STAR III in separate stock for-stock, tax-free transactions, creating a combined company with approximately $3.3 billion in gross real estate assets.
Irvine, Calif., May 10, 2019 — Steadfast Apartment REIT, Inc. (the “Company”) announced today its operating results for the three months ended March 31, 2019.
Irvine, Calif., March 14, 2019 — Steadfast Apartment REIT, Inc. (the “Company”) announced today its operating results for the year ended December 31, 2018.