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):

September 30, 2016

Steadfast Apartment REIT, Inc.

(Exact Name of Registrant as Specified in Charter)

Maryland	000-55428	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.

Acquisition of Sixteen50 @ Lake Ray Hubbard

Steadfast Apartment REIT, Inc. (the “Company”), through STAR Hubbard, LLC (“STAR Hubbard”), an indirect, wholly-owned subsidiary of the Company, acquired from a third-party seller a fee simple interest in a 334-unit multifamily residential community located in Rockwall, Texas, commonly known as Orion Lake Ray Hubbard, to be renamed “Sixteen50 @ Lake Ray Hubbard” (the “Hubbard Property”). STAR Hubbard acquired the Hubbard Property for an aggregate purchase price of $66,050,000, excluding closing costs. STAR Hubbard financed the payment of the purchase price for the Hubbard Property with a combination of: (1) proceeds from the Company’s public offering and (2) the assumption of an existing Fannie Mae Mortgage loan in the aggregate principal amount of $47,100,000.

On September 30, 2016, the Company distributed a press release announcing the completion of the acquisition of the Hubbard 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 regarding the acquisition of the Hubbard Property, dated September 30, 2016

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:	September 30, 2016	By:	/s/ Kevin J. Keating
			Kevin J. Keating
			Treasurer

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 PURCHASES 334

APARTMENT HOMES IN DALLAS SUBURBPurchase Brings REIT’s Texas Portfolio to Eight Properties

IRVINE, Calif., Sept. 30, 2016 – Steadfast Apartment REIT announced today the acquisition of its eighth Texas property: Lake Ray Hubbard, a garden-style apartment community with 334 apartment homes in Rockwall, a submarket 25 miles northeast of Dallas.

“Lake Ray Hubbard is an excellent apartment complex and is well positioned when you compare apartment home sizes, interiors and available amenities to that of other local apartment communities,” said Ella Shaw Neyland, president of Steadfast Apartment REIT.

Lake Ray Hubbard is a 96 percent occupied apartment community developed in 2009, boasting 42 apartment buildings housing one-, two-, three- and four-bedroom floorplans that average 1,118 square feet. Rents are competitively priced at an average of $1,603. The Lake Ray Hubbard community is being renamed to Sixteen50 @ Lake Ray Hubbard.

Each apartment home features a complete appliance package, personal balcony or patio, ceiling fans, washer and dryer connections, and fireplaces and hardwood floors in select homes. Additionally, Lake Ray Hubbard is the only apartment community in the suburb to offer either an attached or detached garage for every apartment home.

Residents have access to extensive amenities, which include a swimming pool with cascading waterfall, hot tub, steam room and dry sauna, a third-party managed on-site spa, fitness center, sand volleyball court, community pond, dog park, central park and playground, barbecue and picnic area, and business center. Additionally, the city recently added public open space along Lake Ray Hubbard for fishing, boating and sailing—an added perk for Lake Ray Hubbard residents.

Steadfast Apartment REIT intends to initiate a value enhancement strategy at the property. At the time of development, approximately 25 percent of the apartment homes were built with high-end finishes such as hardwood flooring, stone countertops and tile backsplashes. Steadfast will upgrade the remaining units to be on par with the high-end units. Improvements will be completed on unit turn in order to limit disruption at the property.

Lake Ray Hubbard is located in a submarket that is positioned for long-term growth. The 2016 average household income within a one-mile radius of the property is estimated to be $94,450, making the current rents very attractive to those looking for quality apartment living. In nearby Plano, the $3.2 billion, 255-acre Legacy West development is projected to bring in 20,000 jobs in the next few years and will be home to Toyota’s new North American headquarters, a regional hub for Liberty Mutual, and an office campus for JPMorgan Chase. The apartment

community lies within the Rockwall Independent School District, which earned the highest district rating achievable by the Texas Education Agency this past year.

Additionally, there are very few multifamily apartment communities in the city of Rockwall and no new developments underway, which should keep demand healthy for Lake Ray Hubbard.

About Steadfast Apartment REIT
    Steadfast Apartment REIT owns and operates 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.