UNLOCK THE POWER OF THE VAULT

Steadfast Apartment REIT Announces NAV of $14.85 Per Share

April 5, 2017

Blue_OrangeNewsAlert_2

Steadfast Apartment REIT Announces NAV of $14.85 Per Share

April 5, 2017 | by James Sprow | Blue Vault

stack coins, rising curve, symbol photo for increasing profits and rising costs

Steadfast Apartment REIT engaged CBRE to perform appraisals of the Company’s real estate properties and, through an affiliate, to provide a range of the estimated value per share of the Company’s common stock. The estimated value per share is based on the estimated value of the REIT’s assets less the estimated value of the REIT’s liabilities by the number of shares outstanding, all as of December 31, 2016. The estimated value per share approximates the mid-range value of the estimated value per share range as indicated in CBRE’s valuation report.

The estimated value per share as of December 31, 2016 is $14.85, up from $14.46 as of December 31, 2015. The original offering price was $15.00 per share and the proceeds to the REIT before expenses, assuming full commissions and fees were paid, was $13.22. The REIT ended its offering on March 24, 2016.

didyouknow_sponsorfocus-green

Learn more about Steadfast REIT Investments, LLC on our Sponsor Focus page.

Click Here

Go Back
Derek Hayes
Blue Vault's Services
April 14, 2016

BlueVault saves a lot of time and effort in obtaining good numbers for analysis and provides good insights to compare against my own.