Steadfast Income REIT

Steadfast Income REIT News

2018


Steadfast Income REIT, Inc. Announces Results for the Quarter Ended September 30, 2018

Irvine, Calif., November 9, 2018 — Steadfast Income REIT, Inc. (the “Company”) announced today its operating results for the three and nine months ended September 30, 2018. During the nine months ended September 30, 2018, the Company disposed of 11 multifamily properties, including the contribution of eight properties to a joint venture with Blackstone Real Estate Invest...


Steadfast Income REIT, Inc. Announces Results for the Quarter Ended June 30, 2018

Irvine, Calif., August 10, 2018 — Steadfast Income REIT, Inc. (the "Company") announced today its operating results for the three and six months ended June 30, 2018. During the six months ended June 30, 2018, the Company disposed of 11 multifamily properties, including the contribution of eight properties to a joint venture with Blackstone Real Estate Investment Trust, Inc. (the "...


Steadfast Income REIT, Inc. Announces Results for the Quarter Ended March 31, 2018

Irvine, Calif., May 11, 2018 — Steadfast Income REIT, Inc. (the “Company”) announced today its operating results for the three months ended March 31, 2018. During the first quarter of 2018, the Company disposed of 11 multifamily properties, including the contribution of eight properties to a joint venture with Blackstone Real Estate Investment Trust, Inc. (the "Joint Venture"), fo...


Steadfast Income REIT, Inc. Announces Results for the Year Ended December 31, 2017

Irvine, Calif., March 29, 2018 — Steadfast Income REIT, Inc. (the “Company”) announced today its operating results for the year ended December 31, 2017. For the year ended December 31, 2017, the Company had total revenues of $213.0 million compared to $218.2 million for the year ended December 31, 2016. Net income was $72.5 million for the year ended December 31, 2017, compared t...

2017


Steadfast Income REIT, Inc. Announces Joint Venture with Blackstone Real Estate Income Trust, Inc.

IRVINE, Calif. (Nov. 13, 2017) — Steadfast Income REIT, Inc. ("SIR") announced today that it has entered into a joint venture arrangement with Blackstone Real Estate Income Trust, Inc. ("BREIT") with respect to 20 of the 63 apartment communities owned by SIR. In the transaction, BREIT will acquire a 90 percent ownership interest in the 20 apartment community portfolio for approxim...


Steadfast Income REIT, Inc. Announces Results for the Quarter Ended September 30, 2017

Irvine, Calif., November 13, 2017 — Steadfast Income REIT, Inc. (the "Company") announced today its operating results for the three and nine months ended September 30, 2017. For the three and nine months ended September 30, 2017, the Company had total revenues of $55.6 million and $165.0 million, compared to $56.4 million and $163.3 million for the three and nine ...


Steadfast Income REIT, Inc. Announces Results for the Quarter Ended June 30, 2017

Irvine, Calif., August 10, 2017 — Steadfast Income REIT, Inc. (the “Company”) announced today its operating results for the three and six months ended June 30, 2017. For the three and six months ended June 30, 2017, the Company had total revenues of $55.1 million and $109.4 million, compared to $54.0 million and $106.9 million for the three and six months ended June 30, 2016. Net...


Steadfast Income REIT, Inc. Announces Results for the Quarter Ended March 31, 2017

Irvine, Calif., May 10, 2017 — Steadfast Income REIT, Inc. (the “Company”) announced today its operating results for the three months ended March 31, 2017. For the three months ended March 31, 2017, the Company had total revenues of $54.3 million compared to $52.9 million for the three months ended March 31, 2016. Net loss was $5.6 million for the three month...


Steadfast Income REIT, Inc. Announces Results for the Year Ended December 31, 2016

Irvine, Calif., March 16, 2017 — Steadfast Income REIT, Inc. (the “Company”) announced today its operating results for the year ended December 31, 2016. For the year ended December 31, 2016, the Company had total revenues of $218.2 million compared to $209.4 million for the year ended December 31, 2015. Net loss was $25.6 million for the year ended December 31, 2016 compared to ne...


Steadfast Income REIT Approves New Estimated Value of $11.65 per Share

IRVINE, Calif., Feb. 16, 2017 – Steadfast Income REIT, Inc. (SIR) announced today the determination of an estimated value per share of the company’s common stock of $11.65 as of December 31, 2016. The estimated value per share was determined by SIR’s board of directors after independent, third-party firms conducted property-level and aggregate valuation analyses on SIR’s 65 apartment c...

2016


Steadfast Income REIT, Inc. Announces Results for the Quarter Ended September 30, 2016

IRVINE, Calif., Nov. 14, 2016 — Steadfast Income REIT, Inc. (the "Company") announced today its operating results for the three and nine months ended September 30, 2016. For the three and nine months ended September 30, 2016, the Company had total revenues of $56.4 million and $163.3 million compared to $53.2 million and $156.5 million for the three and nine months ended September 30, 2...


Steadfast Income REIT, Inc. Announces Results for the Quarter Ended June 30, 2016

IRVINE, Calif., Aug. 11, 2016 — Steadfast Income REIT, Inc. (the "Company") announced today its operating results for the three and six months ended June 30, 2016. For the three and six months ended June 30, 2016, the Company had total revenues of $54.0 million and $106.9 million compared to $52.2 million and $103.3 million for the three and six months ended June 30, 2015. Net loss was ...


Steadfast Income REIT, Inc. Announces Results for the Quarter Ended March 31, 2016

IRVINE, Calif., May 12, 2016 - Steadfast Income REIT, Inc. (the "Company") announced today its operating results for the three months ended March 31, 2016. For the three months ended March 31, 2016, the Company had total revenues of $52.9 million compared to $51.1 million for the three months ended March 31, 2015. Net loss was $3.6 million for the three months ended March 31, 2016 c...


Steadfast Income REIT, Inc. Announces Results for the Year Ended December 31, 2015

IRVINE, Calif., March 18, 2016 — Steadfast Income REIT, Inc. (the "Company") announced today its operating results for the year ended December 31, 2015. For the year ended December 31, 2015, the Company had total revenues of $209.4 million compared to $195.9 million for the year ended December 31, 2014. Net loss was $13.0 million for the year ended December 31, 2015 compared to net ...


Steadfast Income REIT Approves New Estimated Value of $11.44 per Share

IRVINE, Calif., IRVINE, Calif., Feb. 29, 2016 - Steadfast Income REIT, Inc. (SIR) announced today the determination of an estimated value per share of the company's common stock of $11.44. The estimated value per share was determined by SIR's board of directors after independent, third-party firms conducted property-level and aggregate valuation analyses on SIR's 65 apartment community ...

2015


Steadfast Income REIT, Inc. Announces Results for the Quarter Ended September 30, 2015

IRVINE, Calif., Nov. 12, 2015 — Steadfast Income REIT, Inc. (the "Company") announced today its operating results for the three and nine months ended September 30, 2015. For the three and nine months ended September 30, 2015, the Company had total revenues of $53.2 million and $156.5 million compared to $50.2 million and $145.1 million for the three and nine months ended September 30, 2...


Steadfast Income REIT, Inc. Announces Results for the Quarter Ended June 30, 2015

IRVINE, Calif., Aug. 13, 2015 — Steadfast Income REIT, Inc. (the "Company") announced today its operating results for the three and six months ended June 30, 2015. For the three and six months ended June 30, 2015, the Company had total revenues of $52.2 million and $103.3 million compared to $49.2 million and $94.9 million for the three and six months ended June 30, 2014. Net loss was ...


Steadfast Income REIT, Inc. Announces Results for the Year Ended December 31, 2014

IRVINE, Calif., March 17, 2015 — Steadfast Income REIT, Inc. (the "Company") announced today its operating results for the year ended December 31, 2014. For the year ended December 31, 2014, the Company had total revenues of $195.9 million compared to $109.1 million for the year ended December 31, 2013. Net loss was $25.7 million for the year ended December 31, 2014 compared to net ...

2014


Steadfast Income REIT, Inc. Announces Results for the Period Ended September 30, 2014

IRVINE, Calif., Nov. 12, 2014 — Steadfast Income REIT, Inc. (the "Company") announced today its operating results for the period ended September 30, 2014. For the three and nine months ended September 30, 2014, the Company had total revenues of $50.2 million and $145.1 million compared to $28.8 million and $69.7 million for the three and nine months ended September 30, 2013. Net los...


Steadfast Income REIT, Inc. Announces Date of Third Quarter 2014 Earnings Conference Call

IRVINE, Calif., October 29, 2014 -Steadfast Income REIT, Inc. announced today that the company expects to release its third quarter 2014 results after market close on Tuesday, November 11, 2014, and will hold a conference call on Wednesday, November 12, 2014 at 4:00 P.M. (Eastern Time) to discuss its results. The call will include prepared remarks by management and a question and answe...


Steadfast Income REIT Announces Engagement of Financial Advisor to Evaluate Strategic Alternatives

Company Concurrently Announces Suspension of Distribution Reinvestment Plan and Share Repurchase Plan IRVINE, Calif., Oct. 21, 2014 - Steadfast Income REIT, Inc. (Steadfast Income) announced today that its board of directors approved the engagement of Goldman, Sachs & Co. as a financial advisor to analyze and evaluate strategic alternatives to maximize stockholder value. As part of tha...


Steadfast Income REIT, Inc. Announces Results for the Period Ended June 30, 2014

IRVINE, Calif., Aug 12, 2014 — Steadfast Income REIT, Inc. (the "Company") announced today its operating results for the period ended June 30, 2014. For the three and six months ended June 30, 2014, the Company had total revenues of $49.2 million and $94.9 million compared to $22.4 million and $41.0 million for the three and six months ended June 30, 2013. Net loss was $3.7 million ...


Steadfast Income REIT, Inc. Announces Date of Second Quarter 2014 Earnings Conference Call

IRVINE, Calif., July 30, 2014 -Steadfast Income REIT, Inc. announced today that the company expects to release its second quarter 2014 results after market close on Tuesday, August 12, 2014, and will hold a conference call on Wednesday, August 13, 2014 at 4:00 P.M. (Eastern Time) to discuss its results. The call will include prepared remarks by management and a question and answer sess...


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 ...


Steadfast Income REIT Acquires 190-Unit Apartment Complex in Tennessee for $21 Million

IRVINE, Calif., May 16, 2014 - Steadfast Income REIT, Inc. announced today that it acquired Richland Falls, a 190-unit apartment community in Murfreesboro, Tenn., for $21 million. This brings the REIT's total portfolio to 66 communities in 11 Midwestern and Southern states. "Steadfast Income REIT's acquisition focus has been to focus on properties in flourishing markets," said Ella Sha...


Steadfast Income REIT, Inc. Announces Results for the First Quarter

IRVINE, Calif., May 14, 2014 — Steadfast Income REIT, Inc. (the "Company") announced today its operating results for the first quarter of 2014. For the quarter ended March 31, 2014, the Company had total revenues of $45.7 million compared to $18.6 million for the quarter ended March 31, 2013. Net loss was $14.1 million for the quarter ended March 31, 2014 compared to net loss of $8...


Steadfast Income REIT, Inc. Announces Date of First Quarter 2014 Earnings Conference Call

IRVINE, Calif., Apr. 30, 2014 -Steadfast Income REIT, Inc. announced today that the company expects to release its first quarter 2014 results after market close on Tuesday, May 13, 2014, and will hold a conference call on Wednesday, May 14, 2014 at 4:00 P.M. (Eastern Time) to discuss its results. The call will include prepared remarks by management and a question and answer session dur...


Steadfast Income REIT Acquires Two Communities in Tennessee and Dallas for $42 Million

IRVINE, Calif., April 4, 2014 - Steadfast Income REIT, Inc. announced today that it acquired two apartment communities in separate transactions for an aggregate purchase price of approximately $42 million: Reserve at Creekside Village in Chattanooga, Tenn. and Mapleshade Park in Dallas. The REIT now owns 65 communities in 11 Midwestern and Southern states. "Both communities are loc...


Steadfast Income REIT, Inc. Announces Results for the Year Ended December 31, 2013

IRVINE, Calif., March 12, 2014 — Steadfast Income REIT, Inc. (the "Company") announced today its operating results for the year ended December 31, 2013. For the year ended December 31, 2013, the Company had total revenues of $109.1 million compared to $30.6 million for the year ended December 31, 2012. Net loss was $55.9 million for the year ended December 31, 2013 compared to net ...


Steadfast Income REIT Acquires Second Phase of Sycamore Terrace Apartments in Terre Haute, Indiana

IRVINE, Calif., March 6, 2014 - Steadfast Income REIT, Inc. announced today the $6.7 million acquisition of the second phase of Sycamore Terrace Apartments, an apartment community in Terre Haute, Ind., which the REIT purchased in Sept. 2012. The newly constructed phase adds 72 apartment homes, bringing the total project to 250 apartment homes. "We believe this acquisition represents...


Steadfast Income REIT, Inc. Announces Date of Fourth Quarter and Annual 2013 Earnings Conference Cal

IRVINE, Calif., Feb. 27, 2014 -Steadfast Income REIT, Inc. announced today that the company expects to release its fourth quarter and annual 2013 results after market close on Wednesday, March 12, 2014, and will hold a conference call on Thursday, March 13, 2014 at 4:00 P.M. (Eastern Time) to discuss its results. The call will include prepared remarks by management and a question and an...


Steadfast Income REIT Completes Nearly $1 Billion of Apartment Transactions in 2013

IRVINE, Calif., Jan. 27, 2014 - Steadfast Income REIT, Inc. announced that it successfully completed $945 million in apartment acquisitions in 2013, representing 33 properties in nine states. The REIT, which closed to new investments on December 20, 2013, has currently invested more than $1.5 billion in 63 apartment communities in 11 Midwestern and Southern states. "Our 2013 acquisi...

2013


Steadfast Income REIT Announces Withdrawal of Proposed Follow-On Offering and Closing of Primary Off

IRVINE, Calif., Nov. 20, 2013 - Steadfast Income REIT Inc. (SIR) announced today that SIR's board of directors has determined not to pursue a follow-on offering of its common stock. SIR will withdraw the registration statement for its follow-on offering previously filed on Form S-11 (File No. 333-188362) as promptly as practicable. The board of directors also determined to discontin...


Steadfast Income REIT Makes Six-Property Apartment Portfolio Acquisition in Houston

IRVINE, Calif., Nov. 13, 2013 - Steadfast Income REIT, Inc. announced today that it recently completed a six-property portfolio acquisition in Houston representing 1,692 apartment units. The portfolio was acquired in two phases that closed on October 10 and November 7, respectively. The REIT now has acquired 57 apartment communities in 11 Midwestern and Southern states. "As the four...


Steadfast Income REIT, Inc. Announces Results for the Period Ended September 30, 2013

IRVINE, Calif., November 13, 2013 — Steadfast Income REIT, Inc. (the "Company") announced today its operating results for the period ended September 30, 2013. For the three and nine months ended September 30, 2013, revenues totaled $28.8 million and $69.7 million while net loss for the same periods was $14.7 million and $31.0 million. Total assets of the Company grew from $583 milli...


Steadfast Income REIT, Inc. Announces Date of Third Quarter 2013 Conference Call

IRVINE, Calif., Oct. 30, 2013 -Steadfast Income REIT, Inc. announced today that the company expects to release its third quarter results after market close on Tuesday, Nov. 12, 2013, and will hold a conference call on Wednesday, Nov. 13, 2013 at 4:00 P.M. (Eastern Time) to discuss its results. The call will include prepared remarks by management and a question and answer session during ...


Steadfast Income REIT Adds $97 Million in Assets with Apartment Acquisitions in Texas and Tennessee

IRVINE, Calif., Oct. 4, 2013 - Steadfast Income REIT, Inc. announced today that it recently acquired three apartment communities in separate transactions for an aggregate purchase price of $96.9 million. Watermark at Indian Lake Village in Nashville, Broadstone Ashwood in Dallas and The Heights Apartments in Houston are now among the REIT's 51 apartment communities in 11 Midwestern ...


Steadfast Income REIT Passes $1 Billion in Assets with Apartment Acquisitions in Ohio and Kentucky

IRVINE, Calif., Sept. 6, 2013 - Steadfast Income REIT, Inc. announced that it recently acquired two apartment communities in separate transactions for an aggregate purchase price of $36.4 million that pushed the REIT past the $1 billion milestone. "We believe the Steadfast portfolio is unique because it is concentrated in the central corridor of the United States in markets that ar...


Steadfast Income REIT Adds $56 Million in Assets with Apartment Acquisitions in Alabama and Texas

IRVINE, Calif., Aug. 16, 2013 - Steadfast Income REIT, Inc. announced today that it recently acquired two apartment communities in separate transactions for an aggregate purchase price of $56.4 million. Tapestry Park in Birmingham, Ala. marks the REIT's first acquisition in the state, and Dawntree is the fifth property Steadfast has purchased in the Dallas/Fort Worth Metroplex. "We...


Steadfast Income REIT, Inc. Announces Results for the Period Ended June 30, 2013

IRVINE, Calif., Aug. 12, 2013 — Steadfast Income REIT, Inc. (the "Company") announced today its operating results for the period ended June 30, 2013. For the three and six months ended June 30, 2013, revenues totaled $22.4 million and $41.0 million while net loss for the same periods was $7.7 million and $16.3 million. Total assets of the Company grew from $582.6 million at December...


Steadfast Income REIT Makes Largest Purchase To-Date with $80 Million Austin Apartment Acquisition

IRVINE, Calif., Aug. 12, 2013 - Steadfast Income REIT, Inc. announced today that it crossed the 10,000-unit milestone with its latest two apartment acquisitions acquired in separate transactions for an aggregate purchase price of approximately $92 million. Meritage at Steiner Ranch (currently known as Monterone at Steiner Ranch) in Austin and The Belmont in the Dallas/Fort Worth Met...


Steadfast Income REIT, Inc. Announces Date of Second Quarter 2013 Conference Call

IRVINE, Calif., July 29, 2013 -Steadfast Income REIT, Inc. announced today that the company expects to release its second quarter results after market close on Monday, Aug. 12, 2013, and will hold a conference call on Tuesday, Aug. 13, 2013 at 4:00 P.M. (Eastern Time) to discuss its results. The call will include prepared remarks by management and a question and answer session during wh...


Steadfast Income REIT Adds $50 Million in Assets with Apartment Acquisitions in Texas and Indiana

IRVINE, Calif., July 12, 2013 - Steadfast Income REIT, Inc. announced today that it recently acquired three apartment communities in separate transactions for an aggregate purchase price of approximately $50 million. Waterford on the Meadow and Arbors of Carrollton, both in the Dallas/Fort Worth Metroplex, and Lodge at Trails Edge in Indianapolis are now among the REIT's 41 apartmen...


Steadfast Income REIT Adds $62 Million in Assets with Apartment Acquisitions in Texas and Oklahoma

IRVINE, Calif., June 13, 2013 - Steadfast Income REIT, Inc. announced today that it recently acquired three apartment communities in separate transactions for an aggregate purchase price of approximately $62 million. Quail North in Oklahoma City, Rosemont Olmos Park in San Antonio and Grayson Ridge in Fort Worth, Texas are now among the REIT's 38 apartment communities in 10 Midweste...


Steadfast Income REIT Buys Deer Valley Apartments in Lake Bluff, Illinois

IRVINE, Calif., May 3, 2013 - Steadfast Income REIT, Inc. announced today the $28.6 million acquisition of Deer Valley Apartments, a 224-unit apartment community in Lake Bluff, Ill., an upscale community approximately 35 miles north of Chicago and 55 miles south of Milwaukee. The REIT has now invested over $700 million in 35 apartment communities in 10 Midwestern and Southern states...


Steadfast Income REIT, Inc. Announces Results for the Period Ended March 31, 2013

IRVINE, Calif., May 1, 2013 — Steadfast Income REIT, Inc. (the "Company") announced today its operating results for the period ended March 31, 2013. For the three months ended March 31, 2013 and 2012, revenues totaled $18.6 million and $3.9 million while net loss for the same periods was $8.6 million and $3.3 million, respectively. Total assets of the Company grew from $582.6 millio...


Steadfast Income REIT, Inc. Announces Date of First Quarter 2013 Conference Call

IRVINE, Calif., Apr. 19, 2013 -Steadfast Income REIT, Inc. announced today that the company expects to release its first quarter results after market close on Wednesday, May 1, 2013, and will hold a conference call on Friday, May 3, 2013 at 4:00 P.M. (Eastern Time) to discuss its results. The call will include prepared remarks by management and a question and answer session during whic...


Steadfast Income REIT Adds $61 Million in Assets with Acquisitions in Austin and Oklahoma City

IRVINE, Calif., Mar. 28, 2013 - Steadfast Income REIT, Inc. announced today that it acquired two apartment communities in separate transactions for an aggregate purchase price of approximately $61 million. Deep Deuce at Bricktown in Oklahoma City, Okla. and Vantage at Buda Ranch in Austin, Texas are now among the REIT's 34 apartment communities in 10 Midwestern and Southern states. ...


Steadfast Income REIT, Inc. Announces Results for the Year Ended December 31, 2012

IRVINE, Calif., Mar. 27, 2013 — Steadfast Income REIT, Inc. (the "Company") announced today its operating results for the year ended December 31, 2012., and will hold a conference call on Thursday, Mar. 28, 2013 at 4:00 P.M. (Eastern Time) to discuss its results. The call will include prepared remarks by management and a question and answer session during which management may discus...


Steadfast Income REIT, Inc. Announces Date of 4Q and Annual 2012 Earnings Conference Call

IRVINE, Calif., Mar. 14, 2013 -Steadfast Income REIT, Inc. announced today that the company expects to release its fourth quarter and annual 2012 results after market close on Wednesday, Mar. 27, 2013, and will hold a conference call on Thursday, Mar. 28, 2013 at 4:00 P.M. (Eastern Time) to discuss its results. The call will include prepared remarks by management and a question and answ...


Steadfast Income REIT Acquires Library Lofts East in Kansas City, MO

IRVINE, Calif., March 4, 2013 - Steadfast Income REIT, Inc. announced today the $12.75 million acquisition of Library Lofts East, a 118‐unit historic loft conversion in downtown Kansas City, Mo., an area that has been transformed in the past decade with over $4 billion invested in its renovation. The REIT has now invested over $618 million in 32 apartment communities in 10 Midwester...


Steadfast Income REIT Acquires Vantage at Fair Oaks Apartments in Fair Oaks Ranch, Texas

IRVINE, Calif., Feb. 4, 2013 - Steadfast Income REIT, Inc. announced today the $34.56 million acquisition of Vantage at Fair Oaks, a 288-unit garden-style apartment community in the San Antonio suburb of Fair Oaks Ranch. The REIT now has invested over $600 million in 31 apartment communities in 10 Midwestern and Southern states. "We believe this represents a unique opportunity for us to...


Steadfast Income REIT Adds Over $100 Million in Apartments with Year‐End Acquisitions

IRVINE, Calif., Jan. 3, 2013 - Steadfast Income REIT, Inc. announced today that it added five apartment communities for an aggregate purchase price of approximately $115 million in the last days of 2012. The properties were acquired in five separate transactions and include properties in Lexington, Louisville and Frankfort, Ky.; Nashville, Tenn.; and Austin, Texas. "Our December acq...

2012


Steadfast Income REIT Acquires Forty57 Apartments in Lexington, Kentucky

IRVINE, Calif., Dec. 27, 2012 - Steadfast Income REIT, Inc. announced today the $52.5 million acquisition of Forty57, a 436‐unit garden‐style apartment community in Lexington, Ky. The REIT now has invested over $467 million in 25 apartment communities in nine Midwestern and Southern states. "This is our sixth property in Kentucky, but our first in Lexington," said Ella Shaw Neyland, pre...


Steadfast Income REIT Acquires Three Apartment Communities

IRVINE, Calif., Dec. 4, 2012 - Steadfast Income REIT, Inc. ("Steadfast") announced today that it recently acquired three apartment communities for an aggregate purchase price of approximately $68 million. The properties were acquired in three separate transactions and include properties in Roselle and Palatine, Ill. and one in San Antonio. "We continue to expand and diversify our ap...


Steadfast Income REIT, Inc. Announces Results for the Period Ended September 30, 2012

IRVINE, Calif., Nov. 8, 2012 - Steadfast Income REIT, Inc. (the "Company") announced today its operating results for the period ended September 30, 2012. For the three and nine months ended September 30, 2012, revenues totaled $8.6 million and $18.5 million while net loss for the same periods was $5.0 million and $13.1 million. Total assets of the Company grew from $81.9 million at...


Steadfast Income REIT Acquires Vantage at San Marcos Apartments in San Marcos, Texas

IRVINE, Calif., Oct. 24, 2012 - Steadfast Income REIT, Inc. announced today the $21.85 million acquisition of Vantage at San Marcos, a 240‐unit garden‐style apartment community in the Austin, Texas suburb of San Marcos. The REIT now has invested almost $350 million in 20 apartment communities in nine Midwestern and Southern states. "We felt this represented a unique opportunity for us t...


Steadfast Income REIT, Inc. Announces Date of Third Quarter 2012 Conference Call

IRVINE, Calif., Oct. 18, 2012 -Steadfast Income REIT, Inc. announced today that the company expects to release its third quarter results on Thursday, Nov. 8, 2012, and will hold a conference call at 4:00 P.M. (Eastern Time) to discuss its results. The call will include prepared remarks by management and a question and answer session during which management may discuss the Company's...


Steadfast Income REIT Announces New President and Expansion of Board to Include Two New Independent

IRVINE, Calif., Oct. 1, 2012 - Steadfast Income REIT, Inc. announced today that Ella Shaw Neyland has assumed the role of president for the public, non-traded multifamily REIT, and that the company's board of directors is now comprised of seven members with the appointment of two new independent directors, Kerry D. Vandell and Ned W. Brines. Ella Shaw Neyland succeeds Rodney F. Emer...


Steadfast Income REIT Acquires Sycamore Terrace Apartments in Terre Haute, Indiana

IRVINE, Calif., Sept. 21, 2012 – Steadfast Income REIT, Inc. announced today the $16.5 million acquisition of Sycamore Terrace Apartments, a 178‐unit garden‐style apartment community in Terre Haute, Ind. The REIT now has invested $300 million in 18 apartment communities in nine Midwestern and Southern states. "This is our first property in Indiana," said Rodney F. Emery, CEO and preside...


Steadfast Income REIT Acquires Valley Farms Apartments in Louisville

IRVINE, Calif., Sept. 4, 2012 – Steadfast Income REIT, Inc. announced today the $15.1 million acquisition of Valley Farms Apartments, a 160-unit garden-style apartment community in Louisville, Ky. The REIT now has invested over $260 million in 16 apartment communities in seven Midwestern and Southern states. "This is our fourth Louisville property," said Rodney F. Emery, CEO and preside...


Steadfast Income REIT Acquires Montelena Apartments in Austin Suburb

IRVINE, Calif., July 19, 2012 - Steadfast Income REIT, Inc. announced today the $18.35 million acquisition of Montelena Apartments, a 232‐unit garden‐style apartment community in the Austin suburb of Round Rock. The REIT now has 15 apartment communities with over 3,300 units in seven Midwestern states. "We are very pleased that our first Texas property is in Round Rock," said Rodney F. ...


Steadfast Income REIT Approves New Net Asset Value of $10.24

IRVINE, Calif., IRVINE, Calif., July 13, 2012 - Steadfast Income REIT, Inc. announced today the determination of an estimated net asset value (NAV) per share of the company's common stock of $10.24 as of March 31, 2012. "We feel this estimated per share value highlights the successful execution of our strategy of creating value for our shareholders by making acquisitions of primarily we...


Steadfast Income REIT Acquires Estancia Apartments in Tulsa, Oklahoma

IRVINE, Calif., July 6, 2012 - Steadfast Income REIT, Inc. announced today the $27.9 million acquisition of Estancia, a 294-unit garden-style apartment community in Tulsa, Okla. The REIT now has 14 apartment communities with 3,100 units in six Midwestern states. "We are pleased to have both Estancia and its nearby sister property, Sonoma Grande, in our portfolio of apartment communi...


Steadfast Income REIT Acquires Sonoma Grande in Tulsa, Oklahoma

IRVINE, Calif., May 31, 2012 - Steadfast Income REIT, Inc. announced today the $32.2 million acquisition of Sonoma Grande, a 336-unit garden-style apartment community in Tulsa, Okla. The REIT now has invested over $200 million in 13 apartment communities in six Midwestern states. "Sonoma Grande exemplifies two key facets of our strategy -- to invest in apartment communities that are wel...


Steadfast Income REIT, Inc. Announces Results for the Three Months Ended March 31, 2012

IRVINE, Calif., May 10, 2012 — Steadfast Income REIT, Inc. (the "Company") announced today its operating results for the three months ended March 31, 2012. For the three months ended March 31, 2012 and 2011, revenues totaled $3.9 million and $0.9 million while net loss was $3.3 million and $1.1 million, respectively. Total assets of the Company grew from $81.9 million at December 3...


Steadfast Income REIT Acquires Montclair Parc in Oklahoma City

IRVINE, Calif., May 2, 2012 - Steadfast Income REIT, Inc. announced today the $35.75 million acquisition of Montclair Parc, a 360-unit community in Oklahoma City. The acquisition brings the total apartment units in the REIT to almost 2,500 and marks the second Oklahoma City-area acquisition this year. "In 2008 Forbes magazine named Oklahoma City the most 'recession proof city in America...


Steadfast Income REIT, Inc. Announces Date of First Quarter 2012 Conference Call

IRVINE, Calif., Apr. 25, 2012 -Steadfast Income REIT, Inc. announced today that the company expects to release its first quarter results after market close on Wednesday, May 9, 2012, and will hold a conference call on Thursday, May 10, 2012 at 4:00 P.M. (Eastern Time) to discuss its results. The call will include prepared remarks by management and a question and answer session during wh...


Steadfast Income REIT Acquires Spring Creek of Edmond in Edmond, Oklahoma

IRVINE, Calif., Mar. 15, 2012 - Steadfast Income REIT, Inc. announced today the $19.35 million acquisition of Spring Creek of Edmond, a 252-unit community in Edmond, Okla., a city ranked first in CNBC's 2011 list of "Perfect Suburbs" due to its strong public schools, low unemployment, educated workforce and diverse economy. "Both the community of Edmond and the larger Oklahoma City are...


Steadfast Income REIT, Inc. Announces Results for the Year Ended December 31, 2011

IRVINE, Calif., March 14, 2012 — Steadfast Income REIT, Inc. (the "Company") announced today its operating results for the year ended December 31, 2011. For the years ended December 31, 2011 and 2010, revenues totaled $5.7 million and $0.8 million, respectively, while net loss was $4.0 million and $2.2 million, respectively. Total assets of the Company grew from $20.2 million at De...


Steadfast Income REIT Acquires Renaissance at St. Andrews Apartments in Louisville, Kentucky

IRVINE, Calif., Feb. 24, 2012 - Steadfast Income REIT, Inc. announced today the $12.5 million acquisition of Renaissance at St. Andrews, a 216-unit community in Louisville, KY, a city included in Forbes Magazine's Top 15 "Best Places for Careers and Business." "We think this asset is consistent with our focus on acquiring established apartments in locations that present strong oppo...


Steadfast Income REIT Acquires Windsor on The River Apartments in Cedar Rapids, Iowa

IRVINE, Calif., Feb. 1, 2012 - Steadfast Income REIT, Inc. announced today the $33 million acquisition of Windsor on the River, a 424‐unit community in Cedar Rapids, Iowa. Cedar Rapids recently ranked near the top of Forbes Magazine's 2011 list of "Best Places for Business and Careers." "Many of the factors that Forbes highlighted in their review of Cedar Rapids ‐‐ namely its favorable...


Steadfast Income REIT Acquires Three Kansas City, MO Apartment Communities

IRVINE, Calif., Jan. 5, 2012 – Steadfast Income REIT, Inc. ("Steadfast") announced today that it recently acquired three apartment communities in the Kansas City, Mo. area for an aggregate purchase price of approximately $24 million. The properties were acquired in three separate transactions and include a senior apartment community and a historic loft conversion. "We now have four ...

2011


Steadfast Income REIT, Inc. Announces Results for the Period Ended September 30, 2011

IRVINE, Calif., November 14, 2011 — Steadfast Income REIT, Inc. (the "Company") announced today its operating results for the period ended September 30, 2011. For the three and nine months ended September 30, 2011, revenues totaled approximately $1.8 million and $3.7 million, respectively, while net loss was approximately $0.7 million and $2.7 million, respectively. Total assets of ...


Steadfast Income REIT Acquires Cooper Creek in Louisville, Kentucky

IRVINE, Calif., Aug. 29, 2011 - Steadfast Income REIT, Inc. ("Steadfast") announced today the $10.42 million acquisition of Cooper Creek Village Apartments & Townhomes, a 123‐unit complex in Louisville, KY, marking the REIT's second Louisville‐area property. In May 2011, Steadfast acquired Arbor Pointe in the Jeffersontown area of the city. "Cooper Creek is a stabilized multifamily comm...


Steadfast Income REIT, Inc. Announces Results for the Period Ended June 30, 2011

IRVINE, Calif., Aug. 10, 2011 – Steadfast Income REIT, Inc. (the "Company") announced today its operating results for the period ended June 30, 2011. For the three and six months ended June 30, 2011, revenues totaled approximately $1.1 million and $2.0 million, respectively, while net loss was approximately $0.9 million and $1.9 million, respectively. Total assets grew from approxim...


Steadfast Income REIT Acquires Clarion Park in Olathe, Kansas

IRVINE, Calif., July 5, 2011 - Steadfast Income REIT, Inc. announced today the $11.215 million acquisition of Clarion Park Apartments, a 220-unit complex in Olathe, Kan. Clarion Park was built in 1994 and consists of garden style one-, two-and three-bedroom apartments, plus two-bedroom townhomes. "We think Clarion Park complements our strategy of acquiring well-leased, stable apartments...


Steadfast Income REIT Acquires Arbor Pointe Apartments in Louisville, Kentucky

IRVINE, Calif., May 9, 2011 - Steadfast Income REIT, Inc. announced today the $6.5 million acquisition of Arbor Pointe Apartments, a 130‐unit complex in the Hurstbourne Acres area of Louisville, KY. The property operates under the Low Income Housing Tax Credit (LIHTC) program with an agreement requiring that 100 percent of the units be rented to tenants earning no more than 60 perce...

2010


Steadfast Income REIT Acquires Park Place Apartments in Des Moines, Iowa

IRVINE, Calif., Dec. 27, 2010 – Steadfast Income REIT, Inc. announced today the acquisition of 147 units in Park Place Apartments, a high‐rise building located in downtown Des Moines, Iowa . Des Moines recently ranked first on Forbes Magazine's 2010 list of "Best Places for Business and Careers," and third on its 2009 "America's Most Livable City" list. "Many of the factors that For...


Steadfast Income REIT Acquires First Property and Declares Initial Distribution

IRVINE, Calif., Aug. 12, 2010 - Steadfast Income REIT, Inc. announced today the acquisition of its first multifamily property, Lincoln Tower, a 190‐unit apartment complex located in downtown Springfield, Ill. In connection with the property acquisition, the board of directors has authorized an initial distribution equal to an annualized distribution rate of 7.0 percent on the public...


Steadfast REIT Investments, LLC Launches Steadfast Income REIT

IRVINE, Calif., July 20, 2010 - Steadfast Income REIT, Inc. has commenced its initial public offering of $1.65 billion in common stock. The registration statement relating to the offering of common stock was declared effective by the Securities and Exchange Commission on July 9, 2010. Steadfast Income REIT intends to elect to qualify as a real estate investment trust (REIT) for federal ...