IRVINE, Calif., May 11, 2016 – Steadfast Companies announced today several promotions within the company’s senior management positions. Tim Middleton, formerly executive vice president, real estate finance, has been promoted to chief investment officer (CIO); Bill Stoll, formerly executive vice president, acquisitions, has been promoted to executive vice president, real estate with overall responsibility for the company’s acquisition, development and construction teams; and Matthew Day, formerly vice president, acquisitions, has been promoted to senior vice president, acquisitions.
“With $500 million to $1 billion in multifamily purchases annually, Steadfast has been one of the nation’s most active acquirers of apartments in each of the last four years,” said Christopher Hilbert, president of Steadfast Companies. “Tim, Bill and Matt have each built strong, capable teams that have been instrumental in achieving that impressive growth, and their leadership and vision allows Steadfast to continue as one of the nation’s preeminent real estate investment firms.”
Since joining Steadfast in 2004, Mr. Middleton has closed over $3.5 billion in transactions. As CIO, Middleton will be responsible for overseeing the company’s real estate portfolio and its financing activities, and will serve as chairman of the Steadfast Investment Committee. Prior to joining Steadfast, Middleton was with Trammell Crow Company, where he provided real estate advisory services to major corporate clients including the L.A. Unified School District and the Los Angeles Times.
Mr. Stoll has been with Steadfast since 2009 and has built the team responsible for all originations and relationship development to acquire the company’s real estate assets, including the identification of over $3 billion in acquisitions involving over 100 properties in Steadfast Income REIT and Steadfast Apartment REIT. Prior to joining Steadfast, Stoll was in the real estate industry as the owner/operator of a management firm and real estate development company on the central coast of California.
Since joining Steadfast in 2012, Mr. Day has been responsible for expanding real estate origination activity in the Midwest and Southeast. In his new role, Day will assume responsibility for managing Steadfast’s national investment acquisitions platform. Prior to joining Steadfast, Day spent five years as a vice president asset management with Wentwood Capital Advisors where he managed a portfolio of conventional and low income multifamily assets on the West Coast consisting of 11,000 units, and was responsible for all aspects of workouts including loan restructures, refinances and dispositions.
About Steadfast Companies
Since its formation in 1994, Steadfast Companies and its affiliates have developed into an integrated, multifaceted real estate investment management company that today owns and/or operates a diverse portfolio of more than $4 billion in multifamily, office, retail and hospitality projects across the United States and Mexico. The company’s 1,900 employees are driven by Steadfast’s mission to pursue real estate investment, development and management opportunities responsibly and with integrity for the benefit of investors, partners, tenants, employees and the community. For more information, visit www.steadfastcompanies.com.