The board of Steadfast Apartment REIT Inc., a publicly registered non-traded real estate investment trust, has appointed Ella Neyland to serve as the company’s chief financial officer and treasurer following the recent resignation of Kevin Keating. Neyland currently serves as the company’s president and as a member of the board.
Keating also resigned as the treasurer of the company’s external advisor, Steadfast Apartment Advisor LLC, and no reason was given for his resignation in a filing with the Securities and Exchange Commission.
Neyland has served as the REIT’s president since September 2013 and as an affiliated director since August 2013. She held similar positions at affiliated non-traded REITs, Steadfast Income REIT and Steadfast Apartment REIT III, prior to their mergers with Steadfast Apartment REIT earlier this year.
Neyland has held numerous senior executive positions throughout her career and served as CFO of Thin Centers MD, SBMI LLC, two companies she founded, and Sunrise Housing Ltd.
She was a financial advisor of Montecito Medical Investment Company, a private real estate acquisition and development company headquartered in Santa Barbara, California. From April 2001 to September 2004, she served as the executive vice president, treasurer and investor relations officer of United Dominion Realty Trust Inc., where she was responsible for capital market transactions, banking relationships and presentations to investors and Wall Street analysts.
Neyland holds a bachelor’s degree in finance from Trinity University in San Antonio.
Steadfast Apartment REIT has invested more than $3.22 billion in 70 apartment communities, including one property held for development, in 14 states. The REIT is sponsored by Steadfast REIT Investments LLC, an affiliate of Steadfast Companies.