RHEL7.2: After install, nfs-server.service fails to start due to rpc-statd.service failed to start

Issue

• Fresh install of RHEL7.2, nfs-server.service fails to start due to rpc-statd.service failing.
• The following is seen in /var/log/messages

Dec  3 09:44:53 nfs-server systemd: Mounting NFSD configuration filesystem...
Dec  3 09:44:53 nfs-server systemd: Started Kernel Module supporting RPCSEC_GSS.
Dec  3 09:44:53 nfs-server systemd: Starting GSSAPI Proxy Daemon...
Dec  3 09:44:53 nfs-server systemd: Reached target Host and Network Name Lookups.
Dec  3 09:44:53 nfs-server systemd: Starting Host and Network Name Lookups.
Dec  3 09:44:53 nfs-server systemd: Starting NFS status monitor for NFSv2/3 locking....
Dec  3 09:44:53 nfs-server systemd: Reached target RPC Port Mapper.
Dec  3 09:44:53 nfs-server systemd: Starting RPC Port Mapper.
Dec  3 09:44:53 nfs-server systemd: Mounting RPC Pipe File System...
Dec  3 09:44:53 nfs-server rpc.statd[17212]: Version 1.3.0 starting
Dec  3 09:44:53 nfs-server rpc.statd[17212]: Flags: TI-RPC
Dec  3 09:44:53 nfs-server rpc.statd[17212]: Initializing NSM state
Dec  3 09:44:53 nfs-server kernel: Installing knfsd (copyright (C) 1996 okir@monad.swb.de).
Dec  3 09:44:53 nfs-server rpc.statd[17212]: failed to create RPC listeners, exiting
Dec  3 09:44:53 nfs-server systemd: Mounted RPC Pipe File System.
Dec  3 09:44:53 nfs-server systemd: Mounted NFSD configuration filesystem.
Dec  3 09:44:53 nfs-server systemd: Started GSSAPI Proxy Daemon.
Dec  3 09:44:53 nfs-server systemd: rpc-statd.service: control process exited, code=exited status=1
Dec  3 09:44:53 nfs-server systemd: Failed to start NFS status monitor for NFSv2/3 locking..
Dec  3 09:44:53 nfs-server systemd: Unit rpc-statd.service entered failed state.
Dec  3 09:44:53 nfs-server systemd: rpc-statd.service failed.
Dec  3 09:44:53 nfs-server systemd: Starting NFS Mount Daemon...
Dec  3 09:44:53 nfs-server systemd: Started RPC security service for NFS server.
Dec  3 09:44:53 nfs-server systemd: Started RPC security service for NFS client and server.
Dec  3 09:44:53 nfs-server systemd: Starting NFSv4 ID-name mapping service...
Dec  3 09:44:53 nfs-server systemd: Started NFSv4 ID-name mapping service.
Dec  3 09:44:53 nfs-server rpc.mountd[17221]: Could not bind socket: (98) Address already in use
Dec  3 09:44:53 nfs-server rpc.mountd[17221]: Could not bind socket: (98) Address already in use
Dec  3 09:44:53 nfs-server rpc.mountd[17221]: Could not bind socket: (98) Address already in use
Dec  3 09:44:53 nfs-server rpc.mountd[17221]: Could not bind socket: (98) Address already in use
Dec  3 09:44:53 nfs-server rpc.mountd[17221]: mountd: No V2 or V3 listeners created!
Dec  3 09:44:53 nfs-server rpc.mountd[17224]: Version 1.3.0 starting
Dec  3 09:44:53 nfs-server systemd: Started NFS Mount Daemon.
Dec  3 09:44:53 nfs-server systemd: Starting NFS server and services...
Dec  3 09:44:53 nfs-server rpc.nfsd: rpc.nfsd: writing fd to kernel failed: errno 111 (Connection refused)
Dec  3 09:44:53 nfs-server kernel: svc: failed to register nfsdv3 RPC service (errno 111).
Dec  3 09:44:53 nfs-server kernel: svc: failed to register nfsaclv3 RPC service (errno 111).
Dec  3 09:44:53 nfs-server kernel: svc: failed to register nfsdv3 RPC service (errno 97).
Dec  3 09:44:53 nfs-server kernel: svc: failed to register nfsaclv3 RPC service (errno 97).
Dec  3 09:44:53 nfs-server rpc.nfsd: rpc.nfsd: unable to set any sockets for nfsd
Dec  3 09:44:53 nfs-server systemd: nfs-server.service: main process exited, code=exited, status=1/FAILURE
Dec  3 09:44:53 nfs-server systemd: Failed to start NFS server and services.
Dec  3 09:44:53 nfs-server systemd: Unit nfs-server.service entered failed state.
Dec  3 09:44:53 nfs-server systemd: nfs-server.service failed.
Dec  3 09:44:53 nfs-server systemd: Stopping NFS Mount Daemon...
Dec  3 09:44:53 nfs-server systemd: Stopping NFSv4 ID-name mapping service...