Steadfast Apartment REIT is a public, non-listed REIT that acquires and manages mid-tier apartments.
Neyland described the current acquisition conditions in Steadfast’s target. Neyland also discussed supply conditions in those markets.
“On the supply side, you’re seeing a lot of new construction,” she said. “Not unusual after a recession.”
Lastly, Neyland talked about the relative strength of the geographic markets in which Steadfast currently operates.