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 4, 2014

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 Oak Crossing

On June 3, 2014, Steadfast Income REIT, Inc. (the “Company”), through SIR Oak Crossing, LLC (“SIR Oak Crossing”), an indirect, wholly-owned subsidiary of the Company, acquired from a third party seller a fee simple interest in a 222-unit multifamily residential community located in Fort Wayne, Indiana, commonly known as Oak Crossing (the “Oak Crossing Property”).  SIR Oak Crossing acquired the Oak Crossing Property for an aggregate purchase price of $24,230,000, excluding closing costs. SIR Oak Crossing financed the payment of the purchase price for the Oak Crossing Property with a combination of: (1) the remaining proceeds from the Company’s initial public offering and (2) a loan in the aggregate principal amount of $15,762,000 from PNC Bank, National Association, pursuant to the requirements of the Fannie Mae Structured ARM Conventional program.

On June 4, 2014, the Company distributed a press release announcing the completion of the acquisition of the Oak Crossing 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 4, 2014

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 4, 2014	By:	/s/ Kevin J. Keating
			Kevin J. Keating
			Treasurer

EXHIBIT INDEX

ExhibitsDescription

99.1 Press release, dated June 4, 2014

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 ACQUIRES 222-UNIT APARTMENT COMMUNITY

IN INDIANA FOR $24.23 MILLION

IRVINE, Calif., June 4, 2014 - Steadfast Income REIT, Inc. announced today that it acquired Oak Crossing, a 222-unit apartment community in Fort Wayne, Ind., for $24.23 million. This brings the REIT’s total portfolio to 67 communities in 11 Midwestern and Southern states.

“This is a high-quality property located within a mile from the newly built, highly acclaimed Parkview Regional Medical Center,” said Ella Shaw Neyland, president of Steadfast Income REIT. “We believe the market’s long-term apartment performance outlook looks promising and bright.”

Oak Crossingis a Class A apartment community completed in 2013 that is comprised of 12 garden-style buildings with one-, two-, and three-bedroom units that average 1,000 square feet. Average in-place rents are $952. Each unit comes with a private balcony/patio, washer and dryer, spacious walk-in closets and a full complement of kitchen appliances. Select floor plans come with attached garages, and there are detached garages available for rent. Oak Crossing is currently 94% occupied and provides residents with resort-style amenities, such as a fitness center, swimming pool, clubhouse with a stone fireplace, business center and grilling area.

Oak Crossing is situated along the Dupont corridor-just minutes away from prime shopping and dining destinations. Within a five‐mile radius, there are nearly 5,000 businesses, including major employers such as Steel Dynamics, General Motors Truck and Bus Group, Lincoln Financial Group and BF Goodrich. Interstate 69 provides convenient access to Indianapolis.

Oak Crossing is the REIT’s third property in the state. It also owns the 268-unit Lodge at Trails Edge in Indianapolis and the 250-unit Sycamore Terrace in Terre Haute.

With this latest acquisition, the REIT has acquired approximately 16,700 units in Alabama, Illinois, Indiana, Iowa, Kansas, Kentucky, Missouri, Oklahoma, Ohio, Tennessee and Texas.

About Steadfast Income REIT

Steadfast Income REIT has invested more than $1.6 billion in 67 apartment communities in 11 Midwestern and Southern states. 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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