July 27, 2021
Steadfast Apartment REIT, Inc. Investigation
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Steadfast Apartment REIT, Inc. (“STAR” or the “Company”) (OTC: STFR) in connection with the proposed merger of the Company with Independence Realty Trust, Inc. (NYSE: IRT). Under the terms of the merger agreement, each STAR common share will be converted into 0.905 shares of newly issued IRT common stock. Upon closing of the merger, IRT’s current shareholders will own approximately 50% of the combined company, and STAR shareholders will own approximately 50%.
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