News Column

STEADFAST INCOME REIT, INC. FILES (8-K) Disclosing Regulation FD Disclosure, Financial Statements and Exhibits

May 19, 2014

Item 7.01 Regulation FD Disclosure.

Acquisition of Richland Falls

On May 16, 2014, Steadfast Income REIT, Inc. (the "Company"), through SIR Richland, LLC ("SIR Richland"), an indirect, wholly-owned subsidiary of the Company, acquired from a third party seller a fee simple interest in a 190-unit multifamily residential community located in Murfreesboro, Tennessee, commonly known as Richland Falls (the "Richland Property"). SIR Richland acquired the Richland Property for an aggregate purchase price of $21,000,000, excluding closing costs. SIR Richland financed the payment of the purchase price for the Richland Property with a combination of: (1) proceeds from the Company's initial public offering and (2) a loan in the aggregate principal amount of $13,800,000 from PNC Bank, National Association.

On May 16, 2014, the Company distributed a press release announcing the completion of the acquisition of the Richland 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 9.01Financial Statements and Exhibits.

(d) Exhibits.


99.1Press release, dated May 16, 2014


For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Edgar Glimpses

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters