Exhibit 99.4
Steadfast Apartment REIT, Inc. (“STAR”) Real Estate Portfolio
As of June 30, 2021, STAR owned the 70 multifamily apartment communities and three parcels of land held for the development of apartment homes listed below:
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| Average Monthly Occupancy(1) |
| Average Monthly Rent(2) | |||||||||||||||
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| Property Name |
| Location |
| Purchase Date |
| Number of Homes |
| Purchase Price |
| Mortgage Debt Outstanding(3) |
| Jun 30, 2021 |
| Dec 31, 2020 |
| Jun 30, 2021 |
| Dec 31, 2020 | |||||||||||
1 |
| Villages at Spring Hill Apartments |
| Spring Hill, |
| 5/22/2014 |
| 176 |
|
| $ | 14,200,000 |
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| (4) |
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| 98.9 | % |
| 95.5 | % |
| $ | 1,120 |
|
| $ | 1,093 |
| |
2 |
| Harrison Place Apartments |
| Indianapolis, |
| 6/30/2014 |
| 307 |
|
| 27,864,250 |
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| (4) |
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| 97.7 | % |
| 96.1 | % |
| 995 |
|
| 967 |
| ||||
3 |
| The Residences on McGinnis Ferry |
| Suwanee, |
| 10/16/2014 |
| 696 |
|
| 98,500,000 |
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| (4) |
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| 96.3 | % |
| 95.1 | % |
| 1,379 |
|
| 1,331 |
| ||||
4 |
| The 1800 at Barrett Lakes |
| Kennesaw, |
| 11/20/2014 |
| 500 |
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| 49,000,000 |
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| 40,674,187 |
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| 98.0 | % |
| 95.4 | % |
| 1,114 |
|
| 1,089 |
| ||||
5 |
| The Oasis |
| Colorado |
| 12/19/2014 |
| 252 |
|
| 40,000,000 |
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| 39,543,649 |
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| 96.4 | % |
| 94.4 | % |
| 1,455 |
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| 1,411 |
| ||||
6 |
| Columns on Wetherington |
| Florence, KY |
| 2/26/2015 |
| 192 |
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| 25,000,000 |
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| (4) |
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| 97.9 | % |
| 95.3 | % |
| 1,205 |
|
| 1,134 |
| ||||
7 |
| Preston Hills at Mill Creek |
| Buford, GA |
| 3/10/2015 |
| 464 |
|
| 51,000,000 |
|
| (4) |
|
| 97.4 | % |
| 96.6 | % |
| 1,230 |
|
| 1,193 |
| ||||
8 |
| Eagle Lake Landing Apartments |
| Speedway, IN |
| 3/27/2015 |
| 277 |
|
| 19,200,000 |
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| (4) |
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| 96.0 | % |
| 91.3 | % |
| 870 |
|
| 826 |
| ||||
9 |
| Reveal on Cumberland |
| Fishers, IN |
| 3/30/2015 |
| 220 |
|
| 29,500,000 |
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| 20,879,557 |
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| 97.3 | % |
| 96.8 | % |
| 1,147 |
|
| 1,125 |
| ||||
10 |
| Heritage Place Apartments |
| Franklin, TN |
| 4/27/2015 |
| 105 |
|
| 9,650,000 |
|
| 8,605,842 |
|
| 95.2 | % |
| 96.2 | % |
| 1,159 |
|
| 1,132 |
| ||||
11 |
| Rosemont at East Cobb |
| Marietta, GA |
| 5/21/2015 |
| 180 |
|
| 16,450,000 |
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| 13,276,942 |
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| 97.8 | % |
| 95.6 | % |
| 1,094 |
|
| 1,071 |
| ||||
12 |
| Ridge Crossings Apartments |
| Hoover, AL |
| 5/28/2015 |
| 720 |
|
| 72,000,000 |
|
| 57,744,175 |
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| 96.5 | % |
| 95.1 | % |
| 1,038 |
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| 1,008 |
| ||||
13 |
| Bella Terra at City Center |
| Aurora, CO |
| 6/11/2015 |
| 304 |
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| 37,600,000 |
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| (4) |
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| 96.4 | % |
| 95.1 | % |
| 1,177 |
|
| 1,153 |
| ||||
14 |
| Hearthstone at City Center |
| Aurora, CO |
| 6/25/2015 |
| 360 |
|
| 53,400,000 |
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| (4) |
|
| 96.4 | % |
| 93.3 | % |
| 1,221 |
|
| 1,149 |
| ||||
15 |
| Arbors at Brookfield |
| Mauldin, SC |
| 6/30/2015 |
| 702 |
|
| 66,800,000 |
|
| (4) |
|
| 94.3 | % |
| 94.7 | % |
| 932 |
|
| 901 |
| ||||
16 |
| Carrington Park |
| Kansas City, MO |
| 8/19/2015 |
| 298 |
|
| 39,480,000 |
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| (4) |
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| 97.3 | % |
| 95.0 | % |
| 1,080 |
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| 1,063 |
| ||||
17 |
| Delano at North Richland Hills |
| North Richland |
| 8/26/2015 |
| 263 |
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| 38,500,000 |
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| 31,876,472 |
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| 95.8 | % |
| 97.0 | % |
| 1,467 |
|
| 1,492 |
| ||||
18 |
| Meadows at North Richland Hills |
| North Richland |
| 8/26/2015 |
| 252 |
|
| 32,600,000 |
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| 26,635,748 |
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| 92.1 | % |
| 97.2 | % |
| 1,439 |
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| 1,417 |
| ||||
19 |
| Kensington by the Vineyard |
| Euless, TX |
| 8/26/2015 |
| 259 |
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| 46,200,000 |
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| 33,364,644 |
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| 96.9 | % |
| 96.5 | % |
| 1,482 |
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| 1,470 |
| ||||
20 |
| Monticello by the Vineyard |
| Euless, TX |
| 9/23/2015 |
| 354 |
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| 52,200,000 |
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| 40,901,065 |
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| 98.0 | % |
| 95.2 | % |
| 1,348 |
|
| 1,315 |
| ||||
21 |
| The Shores |
| Oklahoma City, |
| 9/29/2015 |
| 300 |
|
| 36,250,000 |
|
| 23,191,700 |
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| 97.3 | % |
| 96.3 | % |
| 1,057 |
|
| 1,031 |
| ||||
22 |
| Lakeside at Coppell |
| Coppell, TX |
| 10/7/2015 |
| 315 |
|
| 60,500,000 |
|
| 47,949,546 |
|
| 94.9 | % |
| 94.9 | % |
| 1,727 |
|
| 1,708 |
| ||||
23 |
| Meadows at River Run |
| Bolingbrook, IL |
| 10/30/2015 |
| 374 |
|
| 58,500,000 |
|
| 41,429,758 |
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| 96.0 | % |
| 95.2 | % |
| 1,456 |
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| 1,421 |
| ||||
24 |
| PeakView at T-Bone Ranch |
| Greeley, CO |
| 12/11/2015 |
| 224 |
|
| 40,300,000 |
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| (4) |
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| 92.9 | % |
| 94.2 | % |
| 1,344 |
|
| 1,340 |
| ||||
25 |
| Park Valley Apartments |
| Smyrna, GA |
| 12/11/2015 |
| 496 |
|
| 51,400,000 |
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| 48,670,737 |
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| 97.6 | % |
| 96.4 | % |
| 1,058 |
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| 1,051 |
| ||||
26 |
| PeakView by Horseshoe Lake |
| Loveland, CO |
| 12/18/2015 |
| 222 |
|
| 44,200,000 |
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| 38,079,007 |
|
| 98.6 | % |
| 95.5 | % |
| 1,414 |
|
| 1,396 |
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| Average Monthly Occupancy(1) |
| Average Monthly Rent(2) | |||||||||||||||
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| Property Name |
| Location |
| Purchase Date |
| Number of Homes |
| Purchase Price |
| Mortgage Debt Outstanding(3) |
| Jun 30, 2021 |
| Dec 31, 2020 |
| Jun 30, 2021 |
| Dec 31, 2020 | |||||||||||
27 |
| Stoneridge Farms |
| Smyrna, TN |
| 12/30/2015 |
| 336 |
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| $ | 47,750,000 |
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| $ | 45,400,708 |
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| 95.2 | % |
| 94.6 | % |
| $ | 1,267 |
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| $ | 1,239 |
|
28 |
| Fielder’s Creek |
| Englewood, CO |
| 3/23/2016 |
| 217 |
|
| 32,400,000 |
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| (4) |
|
| 95.9 | % |
| 94.9 | % |
| 1,206 |
|
| 1,180 |
| ||||
29 |
| Landings of Brentwood |
| Brentwood, TN |
| 5/18/2016 |
| 724 |
|
| 110,000,000 |
|
| — |
|
| 96.4 | % |
| 95.4 | % |
| 1,274 |
|
| 1,252 |
| ||||
30 |
| 1250 West Apartments |
| Marietta, GA |
| 8/12/2016 |
| 468 |
|
| 55,772,500 |
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| (4) |
|
| 97.0 | % |
| 96.4 | % |
| 1,125 |
|
| 1,051 |
| ||||
31 |
| Sixteen50 @ Lake Ray Hubbard |
| Rockwall, TX |
| 9/29/2016 |
| 334 |
|
| 66,050,000 |
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| (4) |
|
| 97.9 | % |
| 96.4 | % |
| 1,530 |
|
| 1,485 |
| ||||
32 |
| Garrison Station(5) |
| Murfreesboro, |
| 5/30/2019 |
| 95 |
|
| 17,703,957 |
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| 14,831,682 |
|
| 57.9 | % |
| — | % |
| 1,207 |
|
| — |
| ||||
33 |
| Eleven10 @ Farmers Market |
| Dallas, TX |
| 1/28/2020 |
| 313 |
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| 62,063,929 |
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| 35,175,943 |
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| 95.5 | % |
| 94.2 | % |
| 1,343 |
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| 1,379 |
| ||||
34 |
| Patina Flats at the Foundry |
| Loveland, CO |
| 2/11/2020 |
| 155 |
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| 45,123,782 |
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| (4) |
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| 96.1 | % |
| 93.5 | % |
| 1,339 |
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| 1,275 |
| ||||
35 |
| Clarion Park Apartments(6) |
| Olathe, KS |
| 3/6/2020 |
| 220 |
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| 21,121,795 |
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| 12,637,163 |
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| 95.0 | % |
| 93.6 | % |
| 807 |
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| 843 |
| ||||
36 |
| Spring Creek Apartments(6) |
| Edmond, OK |
| 3/6/2020 |
| 252 |
|
| 28,186,894 |
|
| 16,976,264 |
|
| 97.6 | % |
| 96.0 | % |
| 872 |
|
| 895 |
| ||||
37 |
| Montclair Parc Apartment Homes(6) |
| Oklahoma |
| 3/6/2020 |
| 360 |
|
| 40,352,125 |
|
| (7) |
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| 94.4 | % |
| 96.1 | % |
| 861 |
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| 905 |
| ||||
38 |
| Hilliard Park Apartments(6) |
| Columbus, |
| 3/6/2020 |
| 201 |
|
| 28,599,225 |
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| 11,677,454 |
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| 97.0 | % |
| 97.0 | % |
| 1,201 |
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| 1,149 |
| ||||
39 |
| Sycamore Terrace Apartments(6) |
| Terre Haute, |
| 3/6/2020 |
| 250 |
|
| 34,419,259 |
|
| 23,015,965 |
|
| 96.4 | % |
| 94.8 | % |
| 1,187 |
|
| 1,155 |
| ||||
40 |
| Hilliard Summit Apartments(6) |
| Columbus, |
| 3/6/2020 |
| 208 |
|
| 31,087,442 |
|
| 14,121,206 |
|
| 97.6 | % |
| 95.7 | % |
| 1,277 |
|
| 1,260 |
| ||||
41 |
| Forty 57 Apartments(6) |
| Lexington, |
| 3/6/2020 |
| 436 |
|
| 63,030,831 |
|
| 33,515,762 |
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| 98.2 | % |
| 95.2 | % |
| 987 |
|
| 964 |
| ||||
42 |
| Riverford Crossing Apartments(6) |
| Frankfort, |
| 3/6/2020 |
| 300 |
|
| 38,139,145 |
|
| 19,114,002 |
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| 97.3 | % |
| 95.7 | % |
| 1,061 |
|
| 1,002 |
| ||||
43 |
| Hilliard Grand Apartments(6) |
| Dublin, OH |
| 3/6/2020 |
| 314 |
|
| 50,549,232 |
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| 23,793,453 |
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| 96.5 | % |
| 94.3 | % |
| 1,306 |
|
| 1,280 |
| ||||
44 |
| Deep Deuce at Bricktown(6) |
| Oklahoma |
| 3/6/2020 |
| 294 |
|
| 52,519,973 |
|
| 33,340,580 |
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| 95.2 | % |
| 95.2 | % |
| 1,239 |
|
| 1,242 |
| ||||
45 |
| Retreat at Quail North(6) |
| Oklahoma |
| 3/6/2020 |
| 240 |
|
| 31,945,162 |
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| 13,482,796 |
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| 97.1 | % |
| 97.1 | % |
| 982 |
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| 986 |
| ||||
46 |
| Tapestry Park Apartments(8) |
| Birmingham, |
| 3/6/2020 |
| 354 |
|
| 68,840,769 |
|
| 48,699,796 |
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| 93.5 | % |
| 97.2 | % |
| 1,414 |
|
| 1,380 |
| ||||
47 |
| BriceGrove Park Apartments(6) |
| Canal |
| 3/6/2020 |
| 240 |
|
| 27,854,616 |
|
| (7) |
|
| 97.5 | % |
| 94.6 | % |
| 978 |
|
| 936 |
| ||||
48 |
| Retreat at Hamburg Place(6) |
| Lexington, KY |
| 3/6/2020 |
| 150 |
|
| 21,341,085 |
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| (7) |
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| 98.0 | % |
| 97.3 | % |
| 1,051 |
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| 1,026 |
| ||||
49 |
| Villas at Huffmeister(6) |
| Houston, TX |
| 3/6/2020 |
| 294 |
|
| 41,720,117 |
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| 27,290,725 |
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| 98.6 | % |
| 97.6 | % |
| 1,170 |
|
| 1,190 |
| ||||
50 |
| Villas of Kingwood(6) |
| Kingwood, |
| 3/6/2020 |
| 330 |
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| 54,428,708 |
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| 34,717,002 |
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| 96.1 | % |
| 95.5 | % |
| 1,220 |
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| 1,207 |
| ||||
51 |
| Waterford Place at Riata Ranch(6) |
| Cypress, TX |
| 3/6/2020 |
| 228 |
|
| 28,278,262 |
|
| (7) |
|
| 95.6 | % |
| 95.2 | % |
| 1,132 |
|
| 1,122 |
| ||||
52 |
| Carrington Place(6) |
| Houston, TX |
| 3/6/2020 |
| 324 |
|
| 42,258,525 |
|
| (7) |
|
| 96.6 | % |
| 95.7 | % |
| 1,093 |
|
| 1,059 |
| ||||
53 |
| Carrington at Champion Forest(6) |
| Houston, TX |
| 3/6/2020 |
| 284 |
|
| 37,280,704 |
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| (7) |
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| 96.5 | % |
| 94.7 | % |
| 1,092 |
|
| 1,103 |
| ||||
54 |
| Carrington Park at Huffmeister(6) |
| Cypress, TX |
| 3/6/2020 |
| 232 |
|
| 33,032,451 |
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| 20,819,072 |
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| 97.4 | % |
| 97.0 | % |
| 1,195 |
|
| 1,179 |
|
2
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| Average Monthly Occupancy(1) |
| Average Monthly Rent(2) | |||||||||||||||
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| Property Name |
| Location |
| Purchase Date |
| Number of Homes |
| Purchase Price |
| Mortgage Debt Outstanding(3) |
| Jun 30, 2021 |
| Dec 31, 2020 |
| Jun 30, 2021 |
| Dec 31, 2020 | |||||||||||
55 |
| Heritage Grand at Sienna Plantation(6) |
| Missouri |
| 3/6/2020 |
| 240 |
|
| $ | 32,796,345 |
|
| $ | 14,098,517 |
|
| 96.7 | % |
| 95.4 | % |
| $ | 1,105 |
|
| $ | 1,104 |
|
56 |
| Mallard Crossing Apartments(6) |
| Loveland, |
| 3/6/2020 |
| 350 |
|
| 52,002,345 |
|
| (7) |
|
| 94.3 | % |
| 94.9 | % |
| 1,169 |
|
| 1,150 |
| ||||
57 |
| Reserve at Creekside(6) |
| Chattanooga, |
| 3/6/2020 |
| 192 |
|
| 24,522,910 |
|
| 15,042,588 |
|
| 98.4 | % |
| 95.8 | % |
| 1,153 |
|
| 1,096 |
| ||||
58 |
| Oak Crossing Apartments(6) |
| Fort Wayne, |
| 3/6/2020 |
| 222 |
|
| 32,391,032 |
|
| 21,569,095 |
|
| 98.6 | % |
| 94.6 | % |
| 1,050 |
|
| 1,026 |
| ||||
59 |
| Double Creek Flats(6) |
| Plainfield, IN |
| 3/6/2020 |
| 240 |
|
| 35,490,439 |
|
| 23,571,744 |
|
| 97.5 | % |
| 95.8 | % |
| 1,110 |
|
| 1,075 |
| ||||
60 |
| Jefferson at Perimeter Apartments(6) |
| Dunwoody, |
| 3/6/2020 |
| 504 |
|
| 113,483,898 |
|
| 73,020,091 |
|
| 95.0 | % |
| 96.2 | % |
| 1,355 |
|
| 1,334 |
| ||||
61 |
| Bristol Village Apartments(6) |
| Aurora, CO |
| 3/6/2020 |
| 240 |
|
| 62,019,009 |
|
| 34,980,995 |
|
| 96.3 | % |
| 96.7 | % |
| 1,451 |
|
| 1,400 |
| ||||
62 |
| Canyon Resort at Great Hills Apartments(6) |
| Austin, TX |
| 3/6/2020 |
| 256 |
|
| 48,319,858 |
|
| 31,644,623 |
|
| 89.5 | % |
| 95.3 | % |
| 1,375 |
|
| 1,371 |
| ||||
63 |
| Reflections on Sweetwater Apartments(6) |
| Lawrenceville, |
| 3/6/2020 |
| 280 |
|
| 47,727,470 |
|
| 30,837,085 |
|
| 98.2 | % |
| 97.5 | % |
| 1,168 |
|
| 1,148 |
| ||||
64 |
| The Pointe at Vista Ridge(6) |
| Lewisville, |
| 3/6/2020 |
| 300 |
|
| 51,625,394 |
|
| 31,023,229 |
|
| 98.0 | % |
| 96.0 | % |
| 1,300 |
|
| 1,282 |
| ||||
65 |
| Belmar Villas(6) |
| Lakewood, |
| 3/6/2020 |
| 318 |
|
| 79,351,923 |
|
| 46,819,687 |
|
| 95.6 | % |
| 94.7 | % |
| 1,362 |
|
| 1,355 |
| ||||
66 |
| Sugar Mill Apartments(6) |
| Lawrenceville, |
| 3/6/2020 |
| 244 |
|
| 42,784,645 |
|
| 24,832,254 |
|
| 97.5 | % |
| 96.7 | % |
| 1,211 |
|
| 1,154 |
| ||||
67 |
| Avery Point Apartments(6) |
| Indianapolis, |
| 3/6/2020 |
| 512 |
|
| 55,706,852 |
|
| 31,268,630 |
|
| 94.7 | % |
| 95.3 | % |
| 867 |
|
| 841 |
| ||||
68 |
| Cottage Trails at Culpepper Landing(6) |
| Chesapeake, |
| 3/6/2020 |
| 183 |
|
| 34,657,950 |
|
| 23,127,034 |
|
| 98.4 | % |
| 97.8 | % |
| 1,473 |
|
| 1,410 |
| ||||
69 |
| Arista at Broomfield(8) |
| Broomfield, CO |
| 3/13/2020 |
| — |
|
| 8,950,417 |
|
| — |
|
| — | % |
| — | % |
| — |
|
| — |
| ||||
70 |
| VV&M Apartments |
| Dallas, TX |
| 4/21/2020 |
| 310 |
|
| 59,969,074 |
|
| 45,328,745 |
|
| 96.8 | % |
| 92.6 | % |
| 1,309 |
|
| 1,363 |
| ||||
71 |
| Flatirons Apartments(9) |
| Broomfield, CO |
| 6/19/2020 |
| — |
|
| 8,989,353 |
|
| — |
|
| — | % |
| — | % |
| — |
|
| — |
| ||||
72 |
| Los Robles |
| San Antonio, TX |
| 11/19/2020 |
| 306 |
|
| 51,620,836 |
|
| — |
|
| 96.4 | % |
| 90.5 | % |
| 1,272 |
|
| 1,261 |
| ||||
73 |
| Ballpark Apartments at Town Madison |
| Huntsville, |
| 6/29/2021 |
| 274 |
|
| 77,466,685 |
|
| — |
|
| 92.7 | % |
| — | % |
| 1,438 |
|
| — |
| ||||
|
|
|
|
|
|
|
| 21,936 |
|
| $ | 3,254,370,156 |
|
| $ | 1,388,596,919 |
|
| 96.2 | % |
| 95.4 | % |
| $ | 1,198 |
|
| $ | 1,173 |
|
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(1) | As of June 30, 2021, STAR’s portfolio was approximately 98.1% leased, calculated using the number of occupied and contractually leased apartment homes divided by total apartment homes. |
(2) | Average monthly rent is based upon the effective rental income for the month of June 2021 after considering the effect of vacancies, concessions and write-offs. |
(3) | Mortgage debt outstanding is net of deferred financing costs, net and premiums and discounts, net associated with the loans for each individual property listed above but excludes the principal balance of $750,477,000 and associated deferred financing costs of $5,191,773 related to the refinancings pursuant to STAR’s credit facilities and revolver, each as described more fully in STAR’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on July 26, 2021, which is not incorporated herein by reference. |
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(4) | Properties secured under the terms of the Master Credit Facility Agreement, or MCFA, with Newmark Group Inc., formerly Berkeley Point Capital, LLC, or the Facility Lender. |
(5) | STAR acquired the Garrison Station property on May 30, 2019, which included unimproved land, currently zoned as a planned unit development, or PUD. The current zoning permits the development of the property into a multifamily community with 176 units of 1, 2 and 3-bedrooms with a typical mix for this market. On October 16, 2019, STAR obtained a loan from PNC Bank, National Association, or PNC Bank, in an amount up to a maximum principal balance of $19,800,000 to finance a portion of the development and construction. As of June 30, 2021, five buildings comprised of 95 apartment homes were placed in service and were 95.7% leased, and is included within total real estate held for investment, net in the accompanying consolidated balance sheets. |
(6) | STAR acquired 36 real estate properties in the mergers with Steadfast Apartment REIT III, Inc. and Steadfast Income REIT, Inc. on March 6, 2020, for an aggregate purchase price of $1,575,891,924, which represents the fair value of the acquired real estate assets including capitalized transaction costs. |
(7) | Properties secured under the terms of a Master Credit Facility Agreement with PNC Bank, or the PNC MCFA. |
(8) | STAR acquired the Arista at Broomfield property on March 13, 2020, which included unimproved land, currently zoned as a PUD. The current zoning permits the development of the property into a multifamily community with 325 apartment homes of 1, 2 and 3-bedrooms with a typical mix for this market. |
(9) | STAR acquired the Flatirons property on June 19, 2020, which included unimproved land, currently zoned as a PUD. The current zoning permits the development of the property into a multifamily community with 296 units of studio, 1 and 2-bedrooms with a typical mix for this market. |
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