IRVINE, Calif., Jan. 2, 2018 – The new year marks an exciting new beginning for Steadfast Companies as we introduce Stira, our rebranded Capital Markets Group. Our Global Credit Fund that we are we are offering together with Alcentra will also be renamed Stira Alcentra Global Credit Fund.
The name was inspired by Steadfast Companies’ efforts, under the leadership of Rod Emery, to help the people of Nepal after the devastating earthquakes that rocked the country in 2015, causing great loss of life and leaving millions without homes.
True to our core values, the Steadfast team stepped in to help solve not only immediate housing needs, but create long-term solutions that could be replicated in the extreme conditions of Nepal, resulting in sustainable impact and growth. This touchstone in our company’s history became the genesis for Stira—which is derived from a Nepalese word used to describe something that is consistent, unwavering and dependable.
It’s this powerful connection to our company’s core values that will drive Stira, continuing our path to seek opportunities in new markets as we increase assets, distribution outlets, and partnerships in creating new offerings. This same, constant energy fuels our “ALLternatives” offerings and forms the foundation of a platform where we would launch additional private and public investment opportunities, provide access to institutional-quality managers and create compelling opportunities for risk-adjusted returns with investments that have low correlation to the market.
Stira represents our team’s consistent commitment to excellence and our drive to innovate within the investment product space. 2018 will be a time of great inspiration within our company and exciting new opportunities in the market, and although our name is changing, we will continue our commitment to excellence for our partners and investors.
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 and hospitality projects across the United States and Mexico. In 2009 Steadfast founded its capital markets division to offer investment offerings through the retail broker-dealer and institutional channels, which to-date have included three public, non-listed REITs: Steadfast Income REIT, Inc.; Steadfast Apartment REIT, Inc.; Steadfast Apartment REIT III, Inc.; a private placement debentures offering and a non-listed closed end fund, Stira Alcentra Global Credit Fund. For more information on the company or its investment offerings, visit www.steadfastcompanies.com.