MoFo advised Steadfast Apartment REIT, Inc. (STAR), a real estate investment trust that currently owns and/or manages an approximately $3.5 billion portfolio of 70 apartment communities, in its transition to become a self-managed company. The definitive agreements for the transaction were executed, and the transaction closed, on August 31, 2020. Prior to the transaction, the Company also merged its three subsidiary operating partnerships into a single operating partnership that is a direct subsidiary of STAR. The transactions were led by partner Heath Linsky, with a team including partners Shane Shelley and Domnick Bozzetti, and lawyers Mary Katherine Rawls and Fred Muna.
Read the press release.