Steadfast Apartment REIT Inc., a publicly registered non-traded real estate investment trust, has increased the size of its board from seven to eight directors and elected Ana Marie del Rio as a director, effective immediately.
Del Rio currently serves as secretary of Steadfast Apartment REIT and is affiliated with its external advisor, Steadfast Apartment Advisor LLC. There are currently five independent directors.
Del Rio has served as the REIT’s secretary and compliance officer since September 2013 and previously served in the same capacity at Steadfast Income REIT Inc. and Steadfast Apartment REIT III, prior to their merger with Steadfast Apartment REIT last month.
She also serves as the chief legal officer for Steadfast Companies and manages its legal services and risk management departments.
Prior to joining Steadfast Companies in April 2003, she was a partner in the public finance group at Orrick, Herrington & Sutcliffe, LLP, where she practiced from September 1993 to April 2003, representing both issuers and underwriters in financing single-family and multifamily housing and other types of public-private and redevelopment projects. From 1979 to 1993, she co-owned and operated a campaign consulting and research company specializing in local campaigns and ballot measures.
Del Rio received a Juris Doctor from the University of the Pacific, McGeorge School of Law, and a Master of Public Administration and a Bachelor of Arts from the University of Southern California. She serves on the board of Project Access, a nonprofit corporation, and is a lecturer for the University of California, Irvine, School of Law, Community and Economic Development Clinic.
Steadfast Apartment REIT invests in multifamily properties in targeted markets throughout the United States and owns a $1.8 billion portfolio of 33 apartment communities located in 11 states. The company closed its public offering in March 2016 after raising $793.7 million in investor equity.