Friday, July 13, 2012

The Valuation Charade Continues

Steadfast Income REIT just filed an 8-K that states the REIT is raising its share price from $10.00 to $10.24 on September 10, 2012.  The increase is based on the REIT's advisor's valuation of the REIT's assets.  The REIT engaged Duff & Phelps to:
"review the assumptions and methodologies applied by the Advisor in accordance with a set of limited procedures."
I will have more on this after I review the filing. 

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