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):

June 14, 2013

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.

Acquisition of Grayson Ridge

On May 31, 2013, Steadfast Income REIT, Inc. (the “Company”), through SIR Grayson Ridge, LLC (“SIR Grayson Ridge”), a wholly-owned subsidiary of Steadfast Income REIT Operating Partnership, L.P., the Company’s operating partnership (the “Operating Partnership”), acquired from a third party seller a fee simple interest in a 240-unit multifamily residential community located in North Richland Hills, Texas, commonly known as Grayson Ridge (the “Grayson Ridge Property”). SIR Grayson Ridge acquired the Grayson Ridge Property for an aggregate purchase price of $14,300,000, excluding closing costs. SIR Grayson Ridge funded the payment of the purchase price for the Grayson Ridge Property with proceeds from the Company’s public offering.

Acquisition of Rosemont Olmos Park

On May 31, 2013, the Company, through SIR Rosemont, LLC (“SIR Rosemont”), a wholly-owned subsidiary of the Operating Partnership, acquired from a third party seller a fee simple interest in a 144-unit multifamily residential community located in San Antonio, Texas, commonly known as Rosemont Olmos Park (the “Rosemont Property”). SIR Rosemont acquired the Rosemont Property for an aggregate purchase price of $22,050,000, excluding closing costs. SIR Rosemont funded the payment of the purchase price for the Rosemont Property with proceeds from the Company’s public offering.

Acquisition of Watermark at Quail North

On June 12, 2013, the Company, through SIR Quail North, LLC (“SIR Quail North”), a wholly-owned subsidiary of the Operating Partnership, acquired from a third party seller a fee simple interest in a 240-unit multifamily residential community located in Oklahoma City, Oklahoma, commonly known as Watermark at Quail North (the “Quail North Property”). SIR Quail North acquired the Quail North Property for an aggregate purchase price of $25,250,000, excluding closing costs. SIR Quail North financed the payment of the purchase price for the Quail North Property with a combination of: (1) proceeds from the Company’s public offering and (2) the assumption of an existing mortgage loan from Centennial Mortgage, Inc., subject to the guidelines of the U.S. Department of Housing and Urban Development, in the original principal amount of $16,851,400.

The Company has initiated the process to re-name the Quail North Property to the Retreat at Quail North. The Quail North Property will be commonly referred to as the Retreat at Quail North.

On June 14, 2013, the Company distributed a press release announcing the completion of the acquisition of the Grayson Ridge Property, the Rosemont Property and Quail North Property. 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 June 14, 2013

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:	June 14, 2013	By:	/s/ Ella Shaw Neyland
			Ella Shaw Neyland
			President

EXHIBIT INDEX

ExhibitsDescription

99.1 Press release, dated June 14, 2013

EX-99.1

Ex. 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 ADDS ANOTHER $62 MILLION IN ASSETS

WITH APARTMENT ACQUISITIONS IN TEXAS AND OKLAHOMA

IRVINE, Calif., June 14, 2013 - Steadfast Income REIT, Inc. announced today that it recently acquired three apartment communities in separate transactions for an aggregate purchase price of approximately $62 million. Quail North in Oklahoma City, Rosemont Olmos Park in San Antonio and Grayson Ridge in Fort Worth, Texas are now among the REIT's 38 apartment communities in 10 Midwestern and Southern states.

“We are one of the nation's most active buyers of apartment properties throughout America's heartland,” said Ella Shaw Neyland, president of Steadfast Income REIT. “As we near $800 million in assets, we feel confident that we have made strategic, well-positioned acquisitions that should continue to perform well.”

Quail North is a 240-unit apartment community that was purchased for $25.25 million. The 98% occupied property was built in 2012 and consists of three, three‐story residential buildings that offer a mix of one-, two- and three-bedroom apartments with average in-place rents of $993.

The amenity package at Quail North offers many upgraded features including faux wood floors, washer and dryer, walk-in closets, granite countertops and central air conditioning. The pet-friendly community also offers a pool, 24-hour fitness center, a clubhouse and a resident vegetable garden.

This is the sixth Oklahoma property for the REIT and the third in Oklahoma City. In recent years, Oklahoma City's economy has expanded beyond the oil, natural gas and petroleum products industries that have long been primary drivers of the local economy to include the information technology, retail and leisure services, healthcare and administration sectors. Two Fortune 500 companies, Devon Energy Corporation and Chesapeake Energy Corporation are based in Oklahoma City, and the largest employers in the area are Tinker Air Force Base, the University of Oklahoma and INTEGRIS Baptist Medical Center.

Steadfast also made its seventh and eighth Texas acquisitions with the purchase of Rosemont at Olmos Park and Grayson Ridge.

Rosemont Olmos Park is a 144-unit property that Steadfast purchased for $22.05 million. The property was built in two phases in 1995 and 1996, and is located in the highly sought-after Olmos Park community of San Antonio. Rosemont offers a mix of one-, two- and three-bedroom apartments that are 94% occupied and have average in-place rents of $1,332.

Approximately 75% of the apartment homes have been renovated to include faux wood flooring, designer paint schemes, stainless steel appliances and resurfaced countertops. Steadfast plans to continue the interior upgrades when turning the units between residents, and will add additional features to all homes that include cherry wood cabinets, granite countertops and ceramic tile flooring. Additionally, all apartments offer a full-size washer and dryer connection, large closets and garden soaking tubs. Residents can also enjoy a Mediterranean courtyard with fountain, dog park, gated access and a pool with outdoor kitchen and social area.

Grayson Ridge is a 240-unit property located 15 minutes from downtown Fort Worth. Steadfast purchased the 98% occupied property for $14.30 million. The one- and two-bedroom apartments were built in 1988 and include faux hardwood flooring, walk-in closets, private balconies or patios. Many of the apartment homes also offer wood-burning fireplaces, stackable washer/dryer or full-size washer and dryer connections, and vaulted ceilings.

Grayson Ridge is the first property Steadfast has purchased in the Dallas/Fort Worth Metroplex (DFW). DFW is considered one of the nation's most dynamic markets, and is consistently a top market for job and population growth. In May 2012, Forbes ranked DFW near the top of its “Best Big Cities for Jobs” list, and the area continues to outperform the national economy on job growth and employment.

With today's acquisition, the REIT has acquired over 8,500 apartment homes in Illinois, Indiana, Iowa, Kansas, Kentucky, Missouri, Oklahoma, Ohio, Tennessee and Texas for $770 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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