On August 26, 2015 (the Closing Date), Steadfast Apartment REIT, Inc. acquired fee simple interests in a 263-unit multifamily residential community located in North Richland Hills, Texas, commonly known as the Regency at North Richland Hills to be renamed The Delano at North Richland Hills; a 252-unit multifamily residential community located in North Richland Hills, Texas, commonly known as the Regency on the Green to be renamed The Meadows at North Richland Hills; and a 259-unit multifamily residential community located in Euless, Texas, commonly known as the Regency by the Vineyard to be renamed Kensington by the Vineyard. The Delano Property, the Meadows Property and the Kensington Property were acquired from third-party selling entities ultimately controlled by the same parent company and are located in the same geographic area. For purposes of this Form 8-K, the Company views the acquisition of the Delano Property, the Meadows Property and the Kensington Property as a series of related transactions with respect to an acquisition of a portfolio of properties.