8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported):

October 19, 2012

Steadfast Income REIT, Inc.

(Exact Name of Registrant as Specified in Charter)

Maryland	000-54674	27-0351641
(State or Other Jurisdiction	(Commission File Number)	(IRS Employer
of Incorporation)		Identification No.)

18100 Von Karman Avenue, Suite 500

Irvine, California 92612

(Address of Principal Executive Offices, including Zip Code)

Registrant's telephone number, including area code: (949) 852-0700

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2.):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

On October 19, 2012 (the “Closing Date”), Steadfast Income REIT, Inc. (the “Company”), through SIR SM Apartments, LLC (“SIR SM Apartments”), a wholly-owned subsidiary of Steadfast Income REIT Operating Partnership, L.P., the Company’s operating partnership, acquired from a third party seller a fee simple interest in a 240-unit multifamily residential community located in San Marcos, Texas, commonly known as Vantage at San Marcos (the “Vantage at San Marcos Property”). SIR SM Apartments acquired the Vantage at San Marcos Property for an aggregate purchase price of $21,850,000, excluding closing costs. SIR SM Apartments funded the payment of the purchase price for the Vantage at San Marcos Property with the proceeds from the Company’s ongoing public offering. The Company intends to obtain mortgage financing on the Vantage at San Marcos Property under normal and customary terms and conditions in the future.

On the Closing Date, the Company initiated the process to re-name the Vantage at San Marcos Property to Springmarc Apartments. The Vantage at San Marcos Property will be commonly referred to as Springmarc Apartments.

On October 24, 2012, the Company distributed a press release announcing the completion of the acquisition of the Springmarc Apartments. The full text of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 7.01.

The information furnished under Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.

Item 9.01    Financial Statements and Exhibits.

(d) Exhibits.

ExhibitDescription

99.1 Press release, dated October 24, 2012

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		STEADFAST INCOME REIT, INC.
Date:	October 24, 2012	By:	/s/ Rodney F. Emery
			Rodney F. Emery
			Chief Executive Officer

EXHIBIT INDEX

ExhibitsDescription

99.1 Press release, dated October 24, 2012

EX-99.1

	EXHIBIT 99.1
	18100 Von Karman Avenue Suite 500 Irvine, CA 92612 949.852.0700

NEWS RELEASE

Contact:    Jennifer Schmidt

Phone:        949.333.1721

Email:        jschmidt@steadfastcmg.com

STEADFAST INCOME REIT ACQUIRES

VANTAGE AT SAN MARCOS APARTMENTS IN SAN MARCOS, TEXAS

Property to be Renamed Springmarc Apartments

IRVINE, Calif., Oct. 24, 2012 – Steadfast Income REIT, Inc. announced today the $21.85 million acquisition of Vantage at San Marcos, a 240-unit garden-style apartment community in the Austin, Texas suburb of San Marcos. The REIT now has invested almost $350 million in 20 apartment communities in nine Midwestern and Southern states.

“We felt this represented a unique opportunity for us to acquire a high-quality asset in a desirable submarket near one of Texas’ largest universities,” said Ella Shaw Neyland, president of Steadfast Income REIT. “Texas State University’s enrollment has grown between three percent and five percent annually over the past several years, and we expect demand for apartment housing to remain strong.”

The property was built by Vantage Communities in 2008 and is being renamed to Springmarc Apartments as part of an agreement with the seller. The 91% occupied property consists of 12 three‐story residential buildings that offer a mix of one-, two- and three-bedroom apartments that have average in-place rents of $919.

(more)

The amenity package at Springmarc offers residents laminate wood floors, washer/dryer connections, well-equipped kitchens and patios or balconies with private storage. Community amenities include a resort-style pool, 24-hour fitness center and a clubhouse with an internet café and an executive business center with both Mac and PC computers.

San Marcos is located at the heart of the advanced technology corridor linking Austin and San Antonio, and is home to Texas State University and its 35,000 students. In addition to education, the local economy is primarily driven by retail with Prime Outlets San Marcos and Tanger Outlet Center helping San Marcos take the third spot as the largest tourist destination in Texas (after the Alamo and NASA).

This is the second Austin-area property for Steadfast. Earlier this year they acquired the 232-unit Montelena Apartments in Round Rock. With today’s acquisition, the REIT has acquired over 4,300 apartment units in Illinois, Indiana, Iowa, Kansas, Kentucky, Missouri, Oklahoma, Ohio and Texas for $346 million.

About Steadfast Income REIT

Steadfast Income REIT is a real estate investment trust that intends to acquire and operate a diverse portfolio of real estate investments focused primarily on the multifamily sector, including stable, income-producing and value-added properties. Steadfast Income REIT is sponsored by Steadfast REIT Investments, LLC, an affiliate of Steadfast Companies, an Orange County, Calif.-based group of affiliated real estate investment companies that acquire, develop and manage real estate in the U.S. and Mexico.

This release contains certain forward-looking statements. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements and you should not place undue reliance on any such statements. A number of important factors could cause actual results to differ materially from the forward-looking statements contained in this release. Such factors include those described in the Risk Factors sections of Steadfast Income REIT, Inc.’s annual report on Form 10-K and other reports filed with the Securities and Exchange Commission. Forward-looking statements in this document speak only as of the date on which such statements were made, and the company undertakes no obligation to update any such statements that may become untrue because of subsequent events. Such forward-looking statements are subject to the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

THIS PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES.

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