Prior to reviewing information specific to Steadfast Apartment REIT, Inc. (“Steadfast Apartment REIT”, “we”, “our” or “us”), you must first receive and carefully review a copy of the prospectus. You may download a copy of the prospectus via the following link: download prospectus.
We are offering up to 10 million shares to existing stockholders pursuant to our distribution reinvestment plan. Some of the significant features of our distribution reinvestment plan are as follows:
Stockholders who elect to participate in our distribution reinvestment plan may choose to invest their cash distributions in shares of our common stock.
We are offering shares of our common stock pursuant to our distribution reinvestment plan at a purchase price of $15.23. Our board of directors may change this price from time to time based on future determinations of our estimated value per share and other factors our board of directors deems relevant.
We may suspend or terminate our distribution reinvestment plan at any time by providing ten days’ prior notice to participants.
We may amend our distribution reinvestment plan at any time by delivering notice to participants at least ten days prior to the effective date of the amendment.
Participants may terminate participation in our distribution reinvestment plan at any time by providing us with written notice.
If you elect to participate in our distribution reinvestment plan and are subject to U.S. federal income taxation, you will incur tax liability for distributions allocated to you even though you have elected not to receive the distribution in cash. In addition, to the extent you purchase shares through our distribution reinvestment plan at a discount to their fair market value, you will be treated for tax purposes as receiving an additional distribution equal to the amount of the discount.
There is no public trading market for our shares of common stock, and there can be no assurance that a market will develop in the future. Investing in shares of our common stock involves a high degree of risk. You should purchase shares only if you can afford a complete loss of your investment. Before making an investment decision, you should carefully consider the specific risks set forth under the caption “Risk Factors” incorporated by reference to the prospectus from our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, as the same may be updated from time to time by future filings under the Securities Exchange Act of 1934, as amended. You should read the prospectus and any prospectus supplement, together with additional information described under the heading “Incorporation by Reference” and “Where You Can Find Additional Information,” carefully before you invest in shares of our common stock. The underlying assumptions and any forward-looking statements herein may not be accurate, and your performance may vary significantly.
Please acknowledge that you have received a copy of the prospectus and have had an opportunity to review the summary risk factors above.