
Why Invest Direct in Multifamily Real Estate?
Multifamily housing is one of the most resilient and in-demand real estate sectors. People always need a place to live—and with homeownership increasingly out of reach, demand for quality rental housing continues to grow. By investing directly in institutional-quality apartments, you can access stable income, long-term appreciation, and meaningful tax advantages, all while aligning your capital with a sponsor who invests alongside you.

The Case for Multifamily
Housing Shortage:
The U.S. needs 4 million+ new apartments by 2035, but construction starts have fallen 60% since 2022.
Durable Demand:
Rising homeownership costs make renting the preferred option for millions of households.
Resilient Asset Class:
Apartments have historically outperformed in both expansionary and recessionary cycles.
Efficiency at Scale:
A single property can diversify risk across hundreds of households, reducing volatility compared to single rentals.

Real estate done right can build wealth and serve people, and that’s what we mean by real estate with real integrity.
— Bill Stoll, CIO
Why Direct Instead of REITs or Funds?
When you invest directly, you choose the deals that fit your goals—and you benefit from alignment and efficiency that pooled vehicles can't offer.
Transparency & Control:
Review specific properties, markets, and business plans before committing capital.

True Alignment:
Steadfast co-invests 10 to 20% of equity in every deal. Your capital is never first in, and never last out.

Cost Efficiency:
No broker-dealer commissions, no platform fees. Just the asset, the sponsor, and you.

Tax Advantages:
Direct ownership passes through depreciation, often making early distributions fully tax-deferred.


The Complete Guide to Apartment Investing
A step-by-step resource for accredited investors exploring direct multifamily real estate.
Whether you're new to private real estate or already building a portfolio, our Complete Guide to Apartment Investing walks you through everything you need to know about how multifamily deals work, what to look for in a sponsor, and how investors earn returns over time.
Inside the guide, you'll learn:
- Why multifamily stands out as a resilient asset class, supported by strong renter demand and long-term demographic trends.
- How apartment investing works — from capital raise and acquisition through operations, distributions, and eventual exit.
- Ways to invest — comparing REITs, funds, and direct deals so you can choose the structure that fits your goals.
- How returns are generated through a combination of ongoing cash flow and appreciation at sale.
- Key metrics and risks — IRR, cap rates, cash-on-cash, debt coverage, and the factors that shape performance.
- Tax advantages unique to real estate, including depreciation, bonus depreciation, and 1031 exchanges.
- The sponsor's role — why alignment, co-investment, and track record matter as much as the property itself.
This plain-language guide was designed to help you invest with confidence. You'll come away with a clear framework for evaluating opportunities and understanding where multifamily fits within a diversified portfolio.
Connect with Our Team
Every investor’s journey is different. Our team is here to listen, answer your questions, and provide perspective based on decades of multifamily experience.