IRVINE, CA-An affiliate of the locally based Steadfast Cos. launches the IPO for Steadfast Income REIT Inc., which plans to focus primarily on the multifamily sector.
By Bob Howard|July 20, 2010 at 05:32 PM
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IRVINE, CA-Steadfast REIT Investments LLC, an affiliate of locally based Steadfast Cos., has launched a $1.65 billion IPO for a nontraded REIT called Steadfast Income REIT Inc. that will focus primarily on acquiring and operating multifamily and industrial properties. These will include stabilized, income-producing and value-added properties, according to filings by the REIT and a news release issued on Tuesday.
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