Item 8.01 Other Events.
Determination Regarding CMG Mini-Tender Offer
On August 17, 2021, the board of directors (the "Board") of Steadfast Apartment
REIT, Inc. ("the Company") determined to recommend that the Company's
stockholders reject the unsolicited "mini-tender" offer by CMG Income Fund II,
LLC, CMG Liquidity Fund, LLC, CMG Partners, LLC and Blue River Capital, LLC
(collectively, "CMG") for up to 125,000 shares of the Company's common stock,
which is approximately 0.1% of the outstanding shares. The Company wishes to
inform its stockholders that it does not endorse CMG's unsolicited mini-tender
offer and recommends that stockholders do not tender their shares. Stockholders
who have already tendered their shares may withdraw them at any time prior to
11:59 p.m., Pacific Time, on September 6, 2021, unless extended by CMG in
accordance with CMG's offering documents.

The Company is circulating a letter to stockholders, furnished as Exhibit 99.1
to this Current Report on Form 8-K and incorporated herein by reference, that
sets forth the reasons the Board recommends stockholders reject the tender
offer.

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Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibits       Description

99.1             Letter to Stockholders of the Company from Rodney F.

Emery, Chief Executive Officer and


               Chairman of the Board, dated as of August 19, 2021.

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