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):

April 6, 2015

Steadfast Apartment REIT, Inc.

(Exact Name of Registrant as Specified in Charter)

Maryland	333-191049	36-4769184
(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.

As described in greater detail below, Steadfast Apartment REIT, Inc. (the “Company”) recently acquired in three separate transactions the following multifamily communities: (1) Eagle Lake Landing Apartments, located in Speedway, Indiana; (2) Watermark at Cumberland, located in Fishers, Indiana; and (3) Randall Highlands Apartments, located in North Aurora, Illinois.

Acquisition of Eagle Lake Landing Apartments

On March 27, 2015, the Company, through STAR Eagle Lake, LLC (“STAR Eagle Lake”), an indirect, wholly-owned subsidiary of the Company, acquired from a third party seller a fee simple interest in a 277-unit multifamily residential community located in Speedway, Indiana, commonly known as Eagle Lake Landing Apartments (the “Eagle Lake Property”).  STAR Eagle Lake acquired the Eagle Lake Property for an aggregate purchase price of $19,200,000, excluding closing costs. STAR Eagle Lake funded the payment of the purchase price for the Eagle Lake Property with the proceeds from the Company’s ongoing public offering.

Acquisition of Watermark at Cumberland

On March 30, 2015, the Company, through STAR Cumberland, LLC (“STAR Cumberland”), an indirect, wholly-owned subsidiary of the Company, acquired from a third party seller a fee simple interest in a 220-unit multifamily residential community located in Fishers, Indiana, commonly known as Watermark at Cumberland (the “Cumberland Property”).  STAR Cumberland acquired the Cumberland Property for an aggregate purchase price of $29,500,000, excluding closing costs. STAR Cumberland funded the payment of the purchase price for the Cumberland Property with the proceeds from the Company’s ongoing public offering. The Company has initiated the process to re-name the Cumberland Property to “Reveal on Cumberland.”

Acquisition of Randall Highlands Apartments

On March 31, 2015, the Company, through STAR Randall Highlands, LLC (“STAR Randall”), an indirect, wholly-owned subsidiary of the Company, acquired from a third party seller a fee simple interest in a 146-unit multifamily residential community located in North Aurora, Illinois, commonly known as Randall Highlands Apartments (the “Randall Property”).  STAR Randall acquired the Randall Property for an aggregate purchase price of $32,115,000, excluding closing costs. STAR Randall financed the payment of the purchase price for the Randall Property with a combination of: (1) proceeds from the Company’s ongoing public offering and (2) a loan in the aggregate principal amount of $22,480,500 from Berkadia Commercial Mortgage LLC, pursuant to the requirements of the Fannie Mae Multifamily Delegated Underwriting and Services Loan Program.

On April 6, 2015, the Company distributed a press release announcing the completion of the acquisition of the Eagle Lake Property, the Cumberland Property and the Randall 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, nor shall such information be deemed incorporated by reference in any filings under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Item 9.01    Financial Statements and Exhibits.

(d) Exhibits.

ExhibitDescription

99.1 Press release, dated April 6, 2015

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 APARTMENT REIT, INC.
Date:	April 6, 2015	By:	/s/ Ella S. Neyland
			Ella S. Neyland
			President

EXHIBIT INDEX

ExhibitsDescription

99.1 Press release, dated April 6, 2015

EX-99.1

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

NEWS RELEASE

Contact:    Jennifer Franklin

Phone:        949.333.1721

Email:        jfranklin@steadfastcmg.com

STEADFAST APARTMENT REIT ACQUIRES THREE PROPERTIES
IN MIDWEST FOR $80.8 MILLIONREIT Adds 643 Apartment Homes to Portfolio

IRVINE, Calif., April 6, 2015 – Steadfast Apartment REIT announced today the acquisition of three apartment communities in the Midwest in three separate transactions with an aggregate purchase price of $80.8 million and comprising 643 total apartment homes. Steadfast Apartment REIT now has invested over $430 million in twelve apartment communities in seven Midwestern and Southern States.

“Job growth is a major driver for apartment demand and the Midwest is humming with activity,” said Ella Neyland, president of Steadfast Apartment REIT. “We believe we are continuing our strategy of buying communities in markets that exhibit strong employment growth, limited new supply, and expanding populations.”

Two of the acquired properties are located within the greater Indianapolis MSA. The REIT purchasedReveal onCumberland for $29.5 million, a 220-unit apartment community in Fishers, Ind., just 16 miles northeast of downtown Indianapolis. Constructed in 2014 on eight acres, this community features one-, two- and three-bedroom apartments totaling nine different floorplans. Apartment homes range from 663 to 1,433 square feet with average in-place rents of $1,095. Gourmet bar kitchens with pendant lighting, granite countertops, faux-wood flooring, designer light fixtures and walk-in closets offer residents luxury living.

(more)

Reveal on Cumberland also boasts an expansive list of amenities that include a full-service clubhouse, 24-hour fitness center, pet park, game room and a resort-style swimming pool with a hot tub and cabanas.

Steadfast Apartment REIT also acquired the 277-unit Eagle Lake Landing Apartments in Speedway, Ind., less than six miles outside of the Indianapolis central business district, for $19.2 million. The apartment community was built in 1976 and was completely renovated in 2011 with new roofs, windows, patio doors,signage, paint and common-area improvements.

Eagle Lake Landing consists of nine garden-style apartment buildings containing a mix of one-, two- and three-bedroom homes that average 1,075 square feet. Average in-place rents are $806. The homes are equipped with balconies/patios, washers/dryers and extra storage, while shared common area improvements include a clubhouse, fitness center, business center, swimming pool and deck, tanning bed, playground, picnic area with grills and a lake with fishing. Current occupancy is 95.3%.

“The greater Indianapolis area is an excellent market to be in and we are pleased to now own three apartment properties there,” said Neyland. “Reveal on Cumberland is located in the high-income community of Fishers, one of the most desired residential areas in the metro. We believe strong employment, an abundance of new retail centers, medical facilities and a wide of range of amenities will continue to drive residential demand. As for Eagle Lake Landing, the city of Speedway, dubbed the “Racing Capital of the World”, is home to the Indy 500, the Brickyard 400 Nascar Race and the U.S Motorcycle Grand Prix, which should keep the tourism market thriving and the employment base strong.”

The third property Steadfast Apartment REIT acquired this past week is Randall Highlands Apartments in North Aurora, Ill., for $32.1 million. Located 30 miles west of Chicago, this 146-unit apartment community represents the REIT’s first asset in the state. Constructed between 2013 and 2014 on 38.2 acres, Randall Highlands offers two- and three-bedroom townhome-style apartments ranging from 1,372 to 1,688 square feet, with average in-place rents of $1,764. Additional site improvements include a fitness center, zero-depth entry pool with sun deck, business center and a game room.

“We believe Randall Highlands is an excellent purchase for us,” said Neyland. “It’s located just north of the I-88 corridor, which houses more than 125 major businesses, dozens of retail destinations and extensive outdoor recreation options. These are the type of economic drivers we look for when acquiring assets.”

About Steadfast Apartment REIT

Steadfast Apartment REIT intends to acquire and operate a diverse portfolio of well-positioned, institutional-quality apartment communities in targeted markets throughout the United States that have demonstrated high occupancy and income levels across market cycles.

Steadfast Apartment REIT is sponsored by Steadfast REIT Investments LLC, an affiliate of Steadfast Companies, an Orange County, Calif.-based group of affiliated real estate investment and operating 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 Apartment REIT’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.