April 18, 2018
Steadfast Apartment REIT Discloses Higher NAV
In a filing on April 13, Steadfast Apartment REIT announced an estimated value per share of $15.18 as of December 31, 2017. This amount is another in a series of steadily increasing share valuations since the REIT ceased offering shares on March 24, 2016. The previous valuation on December 31, 2016, was $14.85 per share.

Steadfast Apartment REIT Discloses Higher NAV

April 17, 2018 | Beth Glavosek | Blue Vault

 

In a filing on April 13, Steadfast Apartment REIT announced an estimated value per share of $15.18 as of December 31, 2017. This amount is another in a series of steadily increasing share valuations since the REIT ceased offering shares on March 24, 2016. The previous valuation on December 31, 2016, was $14.85 per share.
 
Notably, the REIT appears to have overcome fee hurdles. When full commissions and fees were applied to investors’ initial public offering price of $15, per-share proceeds in the REIT would have equated to $13.22.
 
Steadfast expects to continue to create value by undertaking renovations on certain assets, maintaining portfolio occupancy, and actively managing the portfolio to increase net cash flow and NAV.
 
Blue Vault’s Q4 2017 report on the nontraded REIT shows the Company owns a portfolio of 34 multifamily properties with a total of 11,601 units that were 93.1% occupied at December 31, 2017. At the current distribution rate, the REIT’s distribution yield is at 6.00% based upon the original offering price of $15.00 per share.
 
Sources:  8-K filed April 13, 2018, and Blue Vault Partners, LLC

 

Learn more about Steadfast Companies on the Blue Vault Sponsor Focus page

 

Steadfast Income REIT Lowers NAV per Share and Distribution Rate

Steadfast Income REIT Enters Joint Venture with Blackstone REIT

Steadfast Apartment REIT III Announces new CFO

Recent

Eagle Point Credit Creditflux Awards

Eagle Point Credit Creditflux Awards

Eagle Point won 48% of the vote for “Best US CLO Equity Investor” and 42% of the vote for “Best US CLO Junior Debt Investor”.

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now