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):

August 16, 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 Tapestry Park Apartments

On August 13, 2013, Steadfast Income REIT, Inc. (the “Company”), through SIR Tapestry Park, LLC (“SIR Tapestry”), an indirect, wholly-owned subsidiary of the Company, acquired from a third party seller a fee simple interest in a 223-unit multifamily residential community located in Birmingham, Alabama, commonly known as Tapestry Park Apartments (the “Tapestry Property”). SIR Tapestry acquired the Tapestry Property for an aggregate purchase price of $32,400,000, excluding closing costs. SIR Tapestry funded the payment of the purchase price for the Tapestry Property with proceeds from the Company’s public offering.

Acquisition of Dawntree

On August 15, 2013, the Company, through SIR Dawntree, LLC (“SIR Dawntree”), an indirect, wholly-owned subsidiary of the Company, acquired from a third party seller a fee simple interest in a 400-unit multifamily residential community located in Carrollton, Texas, commonly known as Dawntree (the “Dawntree Property”). SIR Dawntree acquired the Dawntree Property for an aggregate purchase price of $24,000,000, excluding closing costs. SIR Dawntree financed the payment of the purchase price for the Dawntree Property with a combination of (1) proceeds from the Company’s public offering and (2) the assumption of an existing mortgage loan from UBS Real Estate Securities, Inc. in the original principal amount of $15,182,000, as assigned to Deutsche Bank Trust Company Americas, as Trustee for the Registered Holders of UBS-Citigroup Commercial Mortgage Trust 2011-C1, Commercial Mortgage Pass-Through Certificates, Series 2011-C1 (the “Dawntree Loan”). As of the closing date, the outstanding principal balance of the Dawntree Loan was $15,182,000.

On August 16, 2013, the Company distributed a press release announcing the completion of the acquisition of the Tapestry Property and Dawntree 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 August 16, 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:	August 16, 2013	By:	/s/ Ella Shaw Neyland
			Ella Shaw Neyland
			President

EXHIBIT INDEX

ExhibitsDescription

99.1 Press release, dated August 16, 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 $56 MILLION IN ASSETS

WITH APARTMENT ACQUISITIONS IN ALABAMA AND TEXAS

REIT Now Has 45 Properties in 11 States

IRVINE, Calif., Aug. 16, 2013 - Steadfast Income REIT, Inc. announced today that it recently acquired two apartment communities in separate transactions for an aggregate purchase price of $56.4 million. Tapestry Park in Birmingham, Ala. marks the REIT's first acquisition in the state, and Dawntree is the fifth property Steadfast has purchased in the Dallas/Fort Worth Metroplex.

“We have purchased over $950 million in apartment communities targeting the central corridor of the United States,” said Ella Shaw Neyland, president of Steadfast Income REIT. “When the REIT launched three years ago, our investment strategy was unique; however, we increasingly believe our approach has proven to be based on sound reasoning. People are moving to the central part of the country to find jobs and a good quality of life at a reasonable cost.”

Tapestry Park is a newly constructed 223-unit apartment community located five miles east of downtown Birmingham. The first residents moved in last September and today the property is 94% occupied. Tapestry was purchased for $32.4 million and offers one-, two-, and three-bedroom apartment homes with average rents of $1,200.

Tapestry's community amenities include an outdoor resort-style swimming pool, WiFi hotspots, a spa, 24-hour fitness center, outdoor fireplace with lounge, clubhouse with media center, barbeque area and a dog park. The apartment homes are equipped with stainless steel appliances, washer/dyers, nine-foot ceilings, faux wood flooring, granite countertops, and private balconies and patios.

Birmingham's population has grown more than 30% since 2000, and has transformed into a medical research, banking and service-based economy with a vibrant downtown and world-class culinary scene. Birmingham also touts more green space per capita than any other city in the nation. The city's unemployment rate is below the national average and houses headquarters for several power companies such as Alabama Power Company, ENERGEN Corporation and SONAT. The largest employer in the area is the University of Alabama at Birmingham with almost 19,000 jobs.

Steadfast also added to its Texas holdings with the purchase of Dawntree.

Dawntree is a 400-unit property located in the Dallas/Fort Worth suburb of Carrollton. Dawntree consists of a mix of one- and two-bedroom apartments with average in-place rents of $743. Steadfast purchased the 97% occupied property for $24 million.

Approximately 20% of the apartment homes have been renovated to include upgraded appliances and large-slat wood blinds on all windows. Steadfast plans to continue the interior upgrades when turning the units between residents. Many of the apartment homes feature kitchen pantries, washer/dryer connections, fireplaces, upgraded appliances, vaulted ceilings and spacious closets. The pet-friendly community offers several amenities including swimming pools, a tennis court, barbeque and picnic areas, a clubhouse and a fitness center.

Dawntree is the fifth 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 these latest acquisitions, the REIT has acquired a total of 45 apartment communities in Alabama, Illinois, Indiana, Iowa, Kansas, Kentucky, Missouri, Oklahoma, Ohio, Tennessee and Texas for approximately $966 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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