Steadfast Cos. Appoints New President

IRVINE, CA—Steadfast Cos. has promoted Christopher Hilbert to president. Hilbert, who had been with the company since 2005, will oversee a group of fully integrated real estate management, investment and development companies that own and operate more than $3.5 billion in assets across 27 states, including more than 28,000 multifamily units.

Hilbert joined the company in 2005 and has successfully led his team in the acquisition and development of more than 24,000 multifamily units, including multiple portfolio acquisitions. Previously chief investment officer and president of Steadfast Real Estate Group, overseeing all property-related functions including acquisitions, dispositions, project management and property management, Hilbert has led teams that have been responsible for creating and implementing the acquisition strategies for each Steadfast-sponsored REIT.

According to Rodney Emery, chairman and CEO of Steadfast, “We are proud and excited to move forward with Christopher as president of Steadfast. His extensive background in real estate, combined with his decade-long tenure at Steadfast, makes him uniquely qualified for the position.”

Hilbert says he is blessed to be leading “such a phenomenal group of men and women focused on delivering positive results for our investors, tenants and residents. Without the hard work and dedication of Steadfast associates, I would not be here today.”

GlobeSt.com was unable to reach Hilbert before deadline to discuss what he finds unique about the firm.

Steadfast has been in strong acquisition mode in 2015. As GlobeSt.com reported in April, Steadfast Apartment REIT acquired three apartment communities in the Midwest in three separate transactions. The communities in suburban Indianapolis and suburban Chicago cost $80.8 million and have a total of 643 homes. In addition, as we reported in March, the REIT acquired Preston Hills at Mill Creek in Buford, GA, for $51 million.