Attached files
| file | filename |
|---|---|
| EX-10.3 - EX-10.3 - Steadfast Income REIT, Inc. | g27533exv10w3.htm |
| EX-10.4 - EX-10.4 - Steadfast Income REIT, Inc. | g27533exv10w4.htm |
| EX-10.1 - EX-10.1 - Steadfast Income REIT, Inc. | g27533exv10w1.htm |
| EX-10.2 - EX-10.2 - Steadfast Income REIT, Inc. | g27533exv10w2.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
June 13, 2011
June 13, 2011
Steadfast Income REIT, Inc.
(Exact Name of Registrant as Specified in Charter)
| Maryland | 333-160748 | 27-0351641 | ||
| (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)
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)
(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 1.01 Entry into a Material Definitive Agreement.
On June 13, 2011, Steadfast Income REIT, Inc. (the “Company”), through SIR Clarion Park, LLC,
its indirect wholly owned subsidiary (“SIR Clarion Park”), entered into an Assignment and
Assumption of Purchase Agreement with Steadfast Asset Holdings, Inc., an affiliate of the Company’s
sponsor, whereby SIR Clarion Park assumed the Purchase and Sale Agreement and Joint Escrow
Instructions (as amended, the “Purchase Agreement”), dated May 3, 2011, relating to the acquisition
of Clarion Park, a multifamily property located in Olathe, Kansas (the “Clarion Park Property”),
from Olathe Housing Associates Limited Partnership, a third party seller (the “Seller”), for an
aggregate purchase price of $11,215,000.
The acquisition of the Clarion Park Property is subject to substantial conditions to closing,
including: (1) the sale of a sufficient number of shares of the Company’s common stock in the
Company’s public offering to fund a portion of the purchase price for the Clarion Park Property;
(2) the Company’s ability to obtain appropriate financing for the acquisition of the Clarion Park
Property on acceptable terms; and (3) the absence of a material adverse change to the Clarion Park
Property prior to the date of the acquisition. There is no assurance that the Company will close
the acquisition of the Clarion Park Property on the terms described above or at all.
The material terms of the agreements described herein are qualified in their entirety by the
agreements attached as Exhibits 10.1. 10.2, 10.3 and 10.4 to this Current Report on Form 8-K and
incorporated herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit | Description | |
10.1
|
Purchase and Sale Agreement and Joint Escrow Instructions, dated May 3, 2011, by and between Olathe Housing Associates Limited Partnership and Steadfast Asset Holdings, Inc. | |
10.2
|
First Amendment to Purchase and Sale Agreement and Joint Escrow Instructions, dated June 8, 2011, by and between Olathe Housing Associates Limited Partnership and Steadfast Asset Holdings, Inc. | |
10.3
|
Second Amendment to Purchase and Sale Agreement and Joint Escrow Instructions, dated June 10, 2011, by and between Olathe Housing Associates Limited Partnership and Steadfast Asset Holdings, Inc. | |
10.4
|
Assignment and Assumption of Purchase Agreement, dated as of June 13, 2011, by and between Steadfast Asset Holdings, Inc. and SIR Clarion Park, LLC |
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 INCOME REIT, INC. |
||||
| Date: June 16, 2011 | By: | /s/ Rodney F. Emery | ||
| Rodney F. Emery | ||||
| Chief Executive Officer and President | ||||
EXHIBIT INDEX
| Exhibit | Description | |
10.1
|
Purchase and Sale Agreement and Joint Escrow Instructions, dated May 3, 2011, by and between Olathe Housing Associates Limited Partnership and Steadfast Asset Holdings, Inc. | |
10.2
|
First Amendment to Purchase and Sale Agreement and Joint Escrow Instructions, dated June 8, 2011, by and between Olathe Housing Associates Limited Partnership and Steadfast Asset Holdings, Inc. | |
10.3
|
Second Amendment to Purchase and Sale Agreement and Joint Escrow Instructions, dated June 10, 2011, by and between Olathe Housing Associates Limited Partnership and Steadfast Asset Holdings, Inc. | |
10.4
|
Assignment and Assumption of Purchase Agreement, dated as of June 13, 2011, by and between Steadfast Asset Holdings, Inc. and SIR Clarion Park, LLC |