
Texas Multifamily Tax Benefits: How PFC Structures Change Deal Economics
By Bill Stoll
How Texas PFC structures lower property taxes, affect cash flow, and change what investors should evaluate before investing in multifamily.
Written by
Bill Stoll is Chief Investment Officer of Steadfast Companies, where he oversees acquisitions, dispositions, financing, and asset management for the firm’s multifamily portfolio. Since joining Steadfast in 2009, Bill has been an integral part of the company’s growth and expansion. Over more than 17 years with the firm, he has participated in more than 150 multifamily transactions totaling over $6 billion, helping shape the investment strategy and execution behind Steadfast’s apartment portfolio.
Earlier in his career, Bill gained experience in the affordable housing sector, which continues to influence his perspective on multifamily investing and housing accessibility. Outside of work, Bill and his wife are dedicated volunteers with nonprofit housing and shelter organizations in Orange County, supporting initiatives that address homelessness and housing insecurity. He also contributes his experience to Thomas House Shelter, a nonprofit that helps families experiencing homelessness transition into stable housing. A proud father of two, Bill graduated from San Diego State University, where he began building the foundation for his career in real estate and finance.

By Bill Stoll
How Texas PFC structures lower property taxes, affect cash flow, and change what investors should evaluate before investing in multifamily.