Steadfast Income REIT 10-Q/A 16 May 14 2014 Q1 Quarterly report (amended) Financial data

Document_and_Entity_Informatio

Document and Entity Information Document	3 Months Ended
	Mar. 31, 2014	9-May-14
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'Steadfast Income REIT, Inc.	'
Entity Central Index Key	'0001468010	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Non-accelerated Filer	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	75,163,809
Entity Current Reporting Status	'Yes	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013
Real Estate:	'	'
Land	$169,517,183	$164,206,122
Building and improvements	1,384,674,134	1,337,362,574
Tenant origination and absorption costs	9,385,955	15,670,519
Other intangible assets	2,644,263	2,644,263
Total real estate, cost	1,566,221,535	1,519,883,478
Less accumulated depreciation and amortization	-61,778,914	-48,920,319
Total real estate, net	1,504,442,621	1,470,963,159
Cash and cash equivalents	40,971,945	19,552,205
Restricted cash	20,366,771	25,243,316
Rents and other receivables	1,374,975	28,555,764
Deferred financing costs and other assets, net	15,021,246	17,575,410
Total assets	1,582,177,558	1,561,889,854
Liabilities:	'	'
Accounts payable and accrued liabilities	25,449,139	30,952,792
Below-market leases, net	'	163,237
Notes payable:	'	'
Mortgage notes payable, net	1,021,131,050	987,329,800
Revolving credit facility	15,000,000	'
Total notes payable, net	1,036,131,050	987,329,800
Distributions payable	4,549,951	4,058,452
Due to affiliates, net	7,664,146	9,322,038
Total liabilities	1,073,794,286	1,031,826,319
Commitments and contingencies (Note 9)	'	'
Redeemable common stock	16,698,364	12,945,007
Stockholders’ Equity:	'	'
Preferred stock, $0.01 par value per share; 100,000,000 shares authorized, no shares issued and outstanding	0	0
Additional paid-in capital	641,999,746	640,181,521
Cumulative distributions and net losses	-151,062,303	-123,804,541
Total stockholders’ equity	491,684,908	517,118,528
Total liabilities and stockholders’ equity	1,582,177,558	1,561,889,854
Common Stock | Common	'	'
Stockholders’ Equity:	'	'
Common stock	747,455	741,538
Convertible Stock | Common	'	'
Stockholders’ Equity:	'	'
Common stock	$10	$10

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parentheticals) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Stockholders’ Equity:	'	'
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common Stock	'	'
Stockholders’ Equity:	'	'
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	999,999,000	999,999,000
Common stock, shares issued	74,745,296	74,153,580
Common stock, shares outstanding	74,745,296	74,153,580
Convertible Stock	'	'
Stockholders’ Equity:	'	'
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	1,000	'
Common stock, shares issued	1,000	1,000
Common stock, shares outstanding	1,000	1,000

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Revenues:	'	'
Rental income	$41,243,781	$16,799,429
Tenant reimbursements and other	4,435,923	1,791,327
Total revenues	45,679,704	18,590,756
Expenses:	'	'
Operating, maintenance and management	12,853,281	4,548,938
Real estate taxes and insurance	8,325,350	2,592,713
Fees to affiliates	6,503,824	4,186,126
Depreciation and amortization	20,205,351	8,723,557
Interest expense	9,924,021	4,302,013
General and administrative expenses	1,333,874	710,822
Acquisition costs	616,914	2,118,488
Total expenses	59,762,615	27,182,657
Net loss	($14,082,911)	($8,591,901)
Loss per common share — basic and diluted (in dollars per share)	($0.19)	($0.34)
Weighted average number of common shares outstanding — basic and diluted	74,463,344	25,307,635

Consolidated_Statements_of_Equ

Consolidated Statements of Equity (USD $)	Common	Common	Additional Paid-In Capital	Cumulative Distributions & Net Losses	Total
	Common Stock	Convertible Stock
Beginning Balance at Dec. 31, 2012	$229,086	$10	$191,130,977	($39,278,923)	$152,081,150
Beginning Balance, shares at Dec. 31, 2012	22,908,859	1,000	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'
Issuance of common stock	513,743	'	522,554,977	'	523,068,720
Issuance of common stock, shares	51,373,960	'	'	'	'
Commissions on sales of common stock and related dealer manager fees to affiliates	'	'	-49,014,259	'	-49,014,259
Transfers to redeemable common stock	'	'	-10,078,483	'	-10,078,483
Redemption of common stock	-1,291	'	-1,245,009	'	-1,246,300
Redemption of common stock, shares	-129,239	'	'	'	'
Other offering costs to affiliates	'	'	-13,271,892	'	-13,271,892
Distributions declared	'	'	'	-28,645,761	-28,645,761
Amortization of stock-based compensation	'	'	105,210	'	105,210
Net loss	'	'	'	-55,879,857	-55,879,857
Ending Balance at Dec. 31, 2013	741,538	10	640,181,521	-123,804,541	517,118,528
Ending Balance, shares at Dec. 31, 2013	74,153,580	1,000	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'
Issuance of common stock	6,412	'	6,231,918	'	6,238,330
Issuance of common stock, shares	641,229	'	'	'	'
Transfers to redeemable common stock	'	'	-3,962,203	'	-3,962,203
Redemption of common stock	-495	'	-473,666	'	-474,161
Redemption of common stock, shares	-49,513	'	'	'	-49,513
Distributions declared	'	'	'	-13,174,851	-13,174,851
Amortization of stock-based compensation	'	'	22,176	'	22,176
Net loss	'	'	'	-14,082,911	-14,082,911
Ending Balance at Mar. 31, 2014	$747,455	$10	$641,999,746	($151,062,303)	$491,684,908
Ending Balance, shares at Mar. 31, 2014	74,745,296	1,000	'	'	'

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash Flows from Operating Activities:	'	'
Net loss	($14,082,911)	($8,591,901)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Depreciation and amortization	20,205,351	8,723,557
Accretion of below-market leases	-163,237	-258,326
Amortization of deferred financing costs	364,088	160,294
Amortization of stock-based compensation	22,176	117,626
Amortization of loan premiums and discounts	-308,699	-155,112
Change in fair value of interest rate cap	1,189,874	64,617
Changes in operating assets and liabilities:	'	'
Restricted cash for operating activities	3,120,744	-1,056,227
Rents and other receivables	631,702	-428,101
Other assets, net	1,070,416	285,901
Accounts payable and accrued liabilities	-5,712,498	1,828,078
Due to affiliates, net	1,447,355	1,618,459
Net cash provided by operating activities	7,784,361	2,308,865
Cash Flows from Investing Activities:	'	'
Acquisition of real estate investments	-48,374,157	-84,114,112
Addition to real estate investments	-4,810,656	-608,442
Escrow deposits for pending real estate acquisitions	'	-1,405,100
Restricted cash for investing activities	1,755,801	132,446
Purchase of interest rate caps	-303,207	-248,876
Net cash used in investing activities	-51,732,219	-86,244,084
Cash Flows from Financing Activities:	'	'
Proceeds from issuance of mortgage notes payable	35,601,000	51,021,000
Principal payments on mortgage notes payable	-1,491,051	-526,182
Borrowings from credit facility	15,000,000	5,000,000
Principal payments on credit facility	'	-5,000,000
Proceeds from issuance of common stock	26,559,928	47,846,875
Payments of commissions on sales of common stock and related dealer manager fees to affiliates	'	-4,763,750
Reimbursement of other offering costs to affiliates	-3,105,247	-2,497,871
Payment of deferred financing costs	-267,007	-721,699
Distributions paid to common stockholders	-6,455,864	-2,399,708
Redemptions of common stock	-474,161	-272,960
Net cash provided by financing activities	65,367,598	87,685,705
Net increase in cash and cash equivalents	21,419,740	3,750,486
Cash and cash equivalents, beginning of period	19,552,205	9,528,664
Cash and cash equivalents, end of period	40,971,945	13,279,150
Supplemental Disclosure of Cash Flow Information:	'	'
Interest paid	8,426,063	3,674,996
Supplemental Disclosure of Noncash Transactions:	'	'
Increase in distributions payable	491,499	292,932
Assumption of mortgage notes payable to acquire real estate	'	23,539,956
Application of escrow deposits to acquire real estate	500,000	1,025,100
Premiums/(discounts) on assumed mortgage notes payable	'	1,575,966
Increase in amounts receivable from transfer agent	-26,549,087	727,034
Increase (decrease) in amounts payable to affiliates for other offering costs	-3,105,247	16,391
Distributions paid to common stockholders through common stock issuances pursuant to the distribution reinvestment plan	$6,227,488	$1,768,123

Organization_and_Business

Organization and Business	3 Months Ended
	Mar. 31, 2014
Organization and Business	'
Organization and Business	'
	1. Organization and Business
	Steadfast Income REIT, Inc. (the “Company”) was formed on May 4, 2009, as a Maryland corporation that has elected to qualify as a real estate investment trust (“REIT”).  On June 12, 2009, the Company was initially capitalized pursuant to the sale of 22,223 shares of common stock to Steadfast REIT Investments, LLC (the “Sponsor”) at a purchase price of $9.00 per share for an aggregate purchase price of $200,007. On July 10, 2009, Steadfast Income Advisor, LLC (the “Advisor”), a Delaware limited liability company formed on May 1, 2009, invested $1,000 in the Company in exchange for 1,000 shares of convertible stock (the “Convertible Stock”) as described in Note 6.
	Substantially all of the Company’s business is conducted through Steadfast Income REIT Operating Partnership, L.P., a Delaware limited partnership formed on July 6, 2009 (the “Operating Partnership”). The Company is the sole general partner of the Operating Partnership. The Company and Advisor entered into an Amended and Restated Limited Partnership Agreement of the Operating Partnership (the “Partnership Agreement”) on September 28, 2009.
	As of March 31, 2014, the Company owned  65 multifamily properties comprising a total of  16,271 apartment homes and 30,125 square feet of rentable commercial space.
	Public Offering
	On July 19, 2010, the Company commenced its initial public offering pursuant to a registration statement on Form S-11 filed with the Securities and Exchange Commission (the “SEC”) to offer a maximum of 150,000,000 shares of common stock for sale to the public at an initial price of $10.00 per share (with discounts available for certain categories of purchasers) (the “Primary Offering”). The Company also registered up to 15,789,474 shares of common stock for sale pursuant to the Company’s distribution reinvestment plan (the “DRP,” and together with the Primary Offering, the “Public Offering ”) at an initial price of $9.50 per share.
	On July 12, 2012, the Company’s board of directors determined an estimated value per share of the Company’s common stock as of March 31, 2012 of $10.24. As a result of the determination of the estimated value per share of the Company’s common stock as of March 31, 2012, effective September 10, 2012, the offering price of the Company’s common stock to the public in the Primary Offering increased from the previous price of $10.00 per share to $10.24 per share.  Additionally, effective September 10, 2012, the price of shares of the Company’s common stock issued pursuant to the DRP increased from a price of $9.50 per share to a price of $9.73 per share, or 95% of the new Primary Offering price of $10.24 per share.
	The Company terminated its Primary Offering on December 20, 2013, but continues to offer shares of common stock pursuant to the DRP. Through December 20, 2013, the Company sold 73,608,337 shares of common stock in the Public Offering for gross proceeds of $745,389,748, including 1,588,289 shares of common stock issued pursuant to the DRP for gross offering proceeds of $15,397,232.
	The business of the Company is externally managed by the Advisor, pursuant to an Advisory Agreement by and among the Company, the Operating Partnership and the Advisor (as amended, the “Advisory Agreement”), which is subject to annual renewal by the Company’s board of directors.  The current term of the Advisory Agreement expires on May 4, 2015.  Subject to certain restrictions and limitations, the Advisor manages the Company’s day-to-day operations, manages the Company’s portfolio of properties and real estate-related assets, sources and presents investment opportunities to the Company’s board of directors and provides investment management services on the Company’s behalf. Steadfast Capital Markets Group, LLC (the “Dealer Manager”), an affiliate of the Company, served as the dealer manager for the Public Offering. The Dealer Manager was responsible for marketing the Company’s shares of common stock being offered pursuant to the Public Offering. The Advisor, along with the Dealer Manager, also provides offering services, marketing, investor relations and other administrative services on the Company’s behalf.
	The Partnership Agreement provides that the Operating Partnership is operated in a manner that will enable the Company to (1) satisfy the requirements for being classified as a REIT for tax purposes, (2) avoid any federal income or excise tax liability and (3) ensure that the Operating Partnership will not be classified as a “publicly traded partnership” for purposes of Section 7704 of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), which classification could result in the Operating Partnership being taxed as a corporation, rather than as a partnership. In addition to the administrative and operating costs and expenses incurred by the Operating Partnership in acquiring and operating real properties, the Operating Partnership will pay all of the Company’s administrative costs and expenses, and such expenses will be treated as expenses of the Operating Partnership.

Real_Estate

Real Estate	3 Months Ended
	Mar. 31, 2014
Real Estate	'
Real Estate	'
	3. Real Estate
	As of March 31, 2014, the Company owned 65 multifamily properties, encompassing in the aggregate 16,271 apartment homes and 30,125 square feet of rentable commercial space. The total cost of the Company’s real estate portfolio was $1,566,221,535. As of March 31, 2014 and December 31, 2013,  the Company’s portfolio was approximately 93.6% and 92.4% occupied and the average monthly rent was $1,019 and $952, respectively.
	First Quarter Acquisitions
	Sycamore Terrace Apartments (Phase II)
	On March 5, 2014, the Company acquired a fee simple interest in Watermark at Sycamore Terrace Phase II in Terre Haute, Indiana (the “Phase II Property”), through a wholly-owned subsidiary of the Operating Partnership, for a purchase price of $6,674,157, exclusive of closing costs. The Phase II Property contains 72 apartment homes consisting of 24 one-bedroom apartments, 36 two-bedroom apartments, and 12 three-bedroom apartments. The apartment homes range in size from 905 to 1,535 square feet and average 1,128 square feet. An acquisition fee of $134,706 was earned by the Advisor in connection with the acquisition of the Phase II Property.
	On September 20, 2012, the Company acquired 178 apartment homes, commonly known as Sycamore Terrace Apartments, immediately adjacent to the Property (“Phase I”). On March 5, 2014, the Phase II Property, together with Phase I, will be commonly referred to as Sycamore Terrace Apartments.
	Reserve at Creekside Village
	On March 28, 2014, the Company acquired a fee simple interest in Reserve at Creekside Village in Chattanooga, Tennessee (the “Creekside Property”), through a wholly-owned subsidiary of the Operating Partnership, for a purchase price of $18,875,000, exclusive of closing costs. The Creekside Property consists of eight three-story residential buildings and contains 192 apartment homes consisting of 48 one-bedroom apartments, 96 two-bedroom apartments and 48 three-bedroom apartments. The apartment homes range in size from 867 to 1,342 square feet and average 1,102 square feet. An acquisition fee of $465,021 was earned by the Advisor in connection with the acquisition of the Creekside Property.
	Mapleshade Park
	On March 31, 2014, the Company acquired a fee simple interest in Mapleshade Park in Dallas, Texas (the “Mapleshade Property”), through a wholly-owned subsidiary of the Operating Partnership, for a purchase price of $23,325,000, exclusive of closing costs. The Mapleshade Property consists of 25 two-story residential buildings and contains 148 two-bedroom apartment homes. The apartment homes range in size from 1,101 to 1,305 square feet and average 1,236 square feet. An acquisition fee of $498,873  was earned by the Advisor in connection with the acquisition of the Mapleshade Property.
	The purchase price for the Company’s acquisitions during the three months ended March 31, 2014 was allocated as follows as of the respective closing dates of each acquisition:
											Tenant
											Origination and
			Purchase					Building and			Absorption			Total Purchase
	Property Name		Date		Land			Improvements			Costs			Price
	Sycamore Terrace Apartments (Phase II)		3/5/14		$	381,657		$	6,190,931		$	101,569		$	6,674,157
	Reserve at Creekside Village		3/28/14			1,344,233			17,178,743			352,024			18,875,000
	Mapleshade Park		3/31/14			3,585,171			19,131,230			608,599			23,325,000
					$	5,311,061		$	42,500,904		$	1,062,192		$	48,874,157
	As of March 31, 2014 and December 31, 2013, accumulated depreciation and amortization related to the Company’s consolidated real estate properties and related intangibles were as follows:
			31-Mar-14
			Assets														Liabilities
									Tenant			Other
						Building and			Origination and			Intangible					Below-Market
			Land			Improvements			Absorption			Assets			Total Real Estate		Leases
	Investments in real estate		$	169,517,183		$	1,384,674,134		$	9,385,955		$	2,644,263		$	1,566,221,535	$	—
	Less: Accumulated depreciation and amortization			—			-55,485,349			-6,168,745			-124,820			-61,778,914		—
	Net investments in real estate and related lease intangibles		$	169,517,183		$	1,329,188,785		$	3,217,210		$	2,519,443		$	1,504,442,621	$	—
			31-Dec-13
			Assets														Liabilities
									Tenant			Other
						Building and			Origination and			Intangible					Below-Market
			Land			Improvements			Absorption			Assets			Total Real Estate		Leases
	Investments in real estate		$	164,206,122		$	1,337,362,574		$	15,670,519		$	2,644,263		$	1,519,883,478	$	-1,410,728
	Less: Accumulated depreciation and amortization			—			-41,619,747			-7,214,044			-86,528			-48,920,319		1,247,491
	Net investments in real estate and related lease intangibles		$	164,206,122		$	1,295,742,827		$	8,456,475		$	2,557,735		$	1,470,963,159	$	-163,237
	Depreciation and amortization expense was $20,205,351 and $8,723,557 for the three months ended March 31, 2014 and 2013, respectively.
	Amortization of the Company’s tenant origination and absorption costs for the three months ended March 31, 2014 and 2013 was $6,301,018 and $3,324,704, respectively. Tenant origination and absorption costs had a weighted-average amortization period as of the date of acquisition of less than one year.
	Amortization of the Company’s other intangible assets for the three months ended March 31, 2014 and 2013 was $38,292 and $5,891, respectively. Other intangible assets had a weighted-average amortization period as of the date of acquisition of 18.17 years.
	The increase in rental income as a result of the accretion of the Company’s below-market lease intangible liabilities for the three months ended March 31, 2014 and 2013 was $163,237 and $258,326. The Company’s below-market lease intangible liabilities had a weighted-average accretion period as of the date of acquisition of less than one year.
	The future amortization of the Company’s acquired other intangible assets as of March 31, 2014 and thereafter is as follows:
	April 1 through December 31, 2014	$	114,876
	2015		153,168
	2016		153,168
	2017		153,168
	2018		153,168
	Thereafter		1,791,896
		$	2,519,444
	Operating Leases
	As of March 31, 2014, the Company’s real estate portfolio comprised 16,271 residential apartment homes and was 96.0% leased by a diverse group of residents. For the three months ended March 31, 2014, the Company’s real estate portfolio earned approximately 99% and 1% of its rental income from residential tenants and commercial office tenants, respectively. For the three months ended March 31, 2013, the Company’s real estate portfolio earned approximately 99% and 1% of its rental income from residential tenants and commercial office tenants, respectively. The residential tenant lease terms consist of lease durations equal to 12 months or less. The commercial office tenant leases consist of lease durations varying from 1 to 5  years.
	Some residential and commercial leases contain provisions to extend the lease agreements, options for early termination after paying a specified penalty and other terms and conditions as negotiated. The Company retains substantially all of the risks and benefits of ownership of the real estate assets leased to tenants. Generally, upon the execution of a lease, the Company requires security deposits from tenants in the form of a cash deposit and/or a letter of credit for commercial tenants. Amounts required as security deposits vary depending upon the terms of the respective leases and the creditworthiness of the tenant, but generally are not significant amounts. Therefore, exposure to credit risk exists to the extent that a receivable from a tenant exceeds the amount of its security deposit. Security deposits received in cash related to tenant leases are included in accounts payable and accrued liabilities in the accompanying consolidated balance sheets and totaled $3,739,502 and $3,560,623 as of March 31, 2014 and December 31, 2013, respectively.
	The future minimum rental receipts from the Company’s properties under non-cancelable operating leases attributable to commercial office tenants as of March 31, 2014 and thereafter is as follows:
	April 1 through December 31, 2014	$	246,019
	2015		270,747
	2016		244,283
	2017		245,191
	2018		84,372
	Thereafter		12,762
		$	1,103,374
	As of March 31, 2014 and December 31, 2013, no tenant represented over 10% of the Company’s annualized base rent and there were no significant industry concentrations with respect to its commercial leases.

Deferred_Financing_Costs_and_O

Deferred Financing Costs and Other Assets	3 Months Ended
	Mar. 31, 2014
Deferred Financing Costs and Other Assets	'
Deferred Financing Costs and Other Assets	'
	4. Deferred Financing Costs and Other Assets
	As of March 31, 2014 and December 31, 2013, deferred financing costs and other assets, net of accumulated amortization, consisted of:
		March 31,		December 31,
		2014		2013
	Deferred financing costs	$	8,707,176	$	8,440,169
	Less: accumulated amortization		-1,599,974		-1,235,886
			7,107,202		7,204,283
	Prepaid expenses		1,933,654		3,142,924
	Interest rate caps		4,575,894		5,462,561
	Escrow deposits for pending real estate acquisitions		—		500,000
	Deposits		1,404,496		1,265,642
		$	15,021,246	$	17,575,410

Debt

Debt	3 Months Ended
	Mar. 31, 2014
Debt	'
Debt	'
	5. Debt
	Mortgage Notes Payable
	The following is a summary of mortgage notes payable secured by real property as of March 31, 2014 and December 31, 2013:
									Principal Outstanding at
				Payment	Maturity		Interest			March 31,			December 31,
		Property Name		Type	Date		Rate(1)		2014			2013
	1	Lincoln Tower Property		Principal and interest	May 1, 2019		3.66%		$	8,376,991		$	8,434,054
	2	Park Place Property(2)		Interest only	1-Jul-18		3.50%			4,938,136			4,938,136
	3	Arbor Pointe Property		Principal and interest	June 1, 2018		4.86%			4,984,533			5,006,199
	4	Clarion Park Property		Principal and interest	July 1, 2018		4.58%			8,593,348			8,632,301
	5	Cooper Creek Property		Principal and interest(3)	September 1, 2018		3.89%			6,593,337			6,624,725
	6	Truman Farm Villas Property		Principal and interest(3)	January 1, 2019		3.78%			5,790,881			5,818,457
	7	Prairie Walk Property		Principal and interest(3)	January 1, 2019		3.74%			3,881,198			3,899,807
	8	EBT Lofts Property		Principal and interest(3)	January 1, 2019		3.82%			5,473,545			5,499,432
	9	Windsor Property(11)		Interest only	May 1, 2042		Variable(4)			23,500,000			23,500,000
	10	Renaissance Property(5)		Principal and interest(3)	January 1, 2023		3.85%			9,056,107			9,084,000
	11	Spring Creek Property(10)		Principal and interest	February 1, 2018		4.88%			13,827,788			13,912,669
	12	Montclair Parc Property		Principal and interest	May 1, 2019		3.70%			24,184,603			24,305,671
	13	Sonoma Grande Property		Principal and interest(6)	June 1, 2019		3.31%			22,540,000			22,540,000
	14	Estancia Property(10)		Interest only	October 1, 2017(7)		5.94%			21,754,846			21,844,621
									Principal Outstanding at
				Payment	Maturity		Interest			March 31,			December 31,
		Property Name		Type	Date		Rate(1)		2014			2013
	15	Montelena Property(10)		Principal and interest(8)	August 1, 2018		4.82%		$	12,532,534		$	12,614,683
	16	Valley Farms Property		Principal and interest	January 1, 2020		4.25%			10,199,716			10,244,494
	17	Hilliard Park Property		Principal and interest(3)	October 1, 2022		3.62%			13,753,989			13,818,616
	18	Hilliard Summit Property		Principal and interest(3)	October 1, 2022		3.56%			16,670,108			16,749,262
	19	Springmarc Property		Principal and interest(3)	November 1, 2019		3.69%			15,375,394			15,446,452
	20	Ashley Oaks Property(11)		Principal and interest(3)	November 1, 2021		1-Mo LIBOR			21,584,038			21,680,010
							2.35%
	21	Arrowhead Property		Principal and interest(3)	December 1, 2019		3.38%			12,501,281			12,562,000
	22	The Moorings Property		Principal and interest(3)	December 1, 2019		3.37%			15,113,465			15,187,000
	23	Forty-57 Property		Principal and interest(9)	January 1, 2023		3.73%			38,500,000			38,500,000
	24	Keystone Farms Property		Principal and interest(3)	January 1, 2023		3.86%			6,180,993			6,200,000
	25	Riverford Crossing Property		Principal and interest(9)	January 1, 2023		3.78%			21,900,000			21,900,000
	26	Montecito Property		Principal and interest(3)	January 1, 2020		3.47%			14,203,481			14,250,000
	27	Hilliard Grand Property		Principal and interest	August 1, 2052		5.59%			28,996,841			29,050,224
	28	The Hills at Fair Oaks		Principal and interest(9)	February 1, 2023		4.02%			24,767,000			24,767,000
	29	Library Lofts		Principal and interest	April 1, 2020		3.66%			9,070,165			9,113,640
	30	Trails at Buda Ranch(11)		Principal and interest(3)	April 1, 2023		1-Mo LIBOR			17,030,000			17,030,000
							2.42%
	31	Deep Deuce at Bricktown Apartments(10)		Principal and interest	April 1, 2018		5.04%			24,425,798			24,603,299
									Principal Outstanding at
				Payment	Maturity		Interest			March 31,			December 31,
		Property Name		Type	Date		Rate(1)		2014			2013
	32	Deep Deuce at Bricktown - Supplemental Loan		Principal and interest	April 1, 2018		4.73%		$	2,768,803		$	2,779,688
	33	Deer Valley(11)		Principal and interest(3)	1-May-23		1-Mo LIBOR			20,875,000			20,875,000
							2.40%
	34	Grayson Ridge(11)		Principal and interest(3)	1-Jul-20		1-Mo LIBOR			10,725,000			10,725,000
							2.63%
	35	Rosemont at Olmos Park(11)		Principal and interest(3)	1-Jul-20		1-Mo LIBOR			15,100,000			15,100,000
							2.65%
	36	Retreat at Quail North(10)		Principal and interest	January 1, 2053		4.80%			17,151,210			17,190,827
	37	The Lodge at Trails Edge(10)		Principal and interest	1-Nov-20		4.47%			10,909,405			10,965,388
	38	The Lodge at Trails Edge - Supplemental Loan		Principal and interest	1-Nov-20		5.75%			1,930,009			1,936,199
	39	Arbors of Carrollton(10)		Principal and interest	1-Dec-20		4.83%			5,368,521			5,395,471
	40	Arbors of Carrollton - Supplemental Loan		Principal and interest	1-Dec-20		4.83%			982,730			986,624
	41	Waterford on the Meadow(10)		Principal and interest	1-Dec-20		4.70%			14,086,347			14,154,991
	42	Waterford on the Meadow - Supplemental Loan		Principal and interest	1-Dec-20		4.78%			2,750,198			2,761,194
	43	The Belmont(10)		Principal and interest	1-Mar-21		5.91%			9,446,636			9,498,460
	44	Meritage at Steiner Ranch(11)		Principal and interest(3)	September 1, 2020		1-Mo LIBOR			55,500,000			55,500,000
							2.47%
	45	Tapestry Park(11)		Principal and interest(3)	1-Oct-20		1-Mo LIBOR			23,100,000			23,100,000
2.44%
46	Dawntree(10)		Principal and interest(12)	6-Aug-21		5.48%			15,991,021			16,022,763
								Principal Outstanding at
			Payment	Maturity		Interest			March 31,			December 31,
	Property Name		Type	Date		Rate(1)		2014			2013
47	Stuart Hall(11)		Principal and interest(3)	1-Sep-20		1-Mo LIBOR		$	12,407,000		$	12,407,000
						2.75%
48	BriceGrove Park(11)		Principal and interest(3)	October 1, 2020		1-Mo LIBOR			14,985,000			14,985,000
						2.58%
49	Landing at Mansfield(11)		Principal and interest(3)	October 1, 2020		1-Mo LIBOR			22,750,000			22,750,000
						+  2.69%
50	The Heights(11)		Principal and interest(3)	October 1, 2020		1-Mo LIBOR			29,014,000			29,014,000
						+  2.60%
51	Villas at Huffmeister(11)		Principal and interest(3)	1-Nov-20		1-Mo LIBOR			25,963,000			25,963,000
						2.68%
52	Villas at Kingwood(11)		Principal and interest(3)	1-Nov-20		1-Mo LIBOR			28,105,000			28,105,000
						2.68%
53	Waterford Place at Riata Ranch(11)		Principal and interest(3)	1-Nov-20		1-Mo LIBOR			16,340,000			16,340,000
						2.64%
54	Carrington Place(11)		Principal and interest(9)	December 1, 2023		1-Mo LIBOR			22,376,000			22,376,000
						2.16%
55	Carrington at Champion Forest(11)		Principal and interest(9)	December 1, 2023		1-Mo LIBOR			22,959,000			22,959,000
						2.16%
56	Carrington Park(11)		Principal and interest(9)	December 1, 2023		1-Mo LIBOR			17,717,000			17,717,000
						2.16%
57	Willow Crossing(11)		Principal and interest(9)	December 1, 2023		1-Mo LIBOR			43,500,000			43,500,000
						2.20%
58	Heritage Grand at Sienna Plantation(10)		Principal and interest	January 1, 2053		4.65%			16,809,054			16,845,443
59	Audubon Park(11)		Principal and interest(9)	January 1, 2024		1-Mo LIBOR			11,760,000			11,760,000
						2.41%
60	Mallard Crossing(11)		Principal and interest(3)	January 1, 2021		1-Mo LIBOR			27,860,000			27,860,000
						2.57%
61	Renaissance Carol Stream(11)		Principal and interest(3)	1-Feb-21		1-Mo LIBOR			20,440,000			—
						2.36%
62	Mapleshade Park(11)		Principal and interest(13)	1-Apr-21		1-Mo LIBOR			15,161,000			—
						2.15%
								$	1,021,131,050		$	987,329,800
	-1		Except as otherwise noted, interest on the notes accrues at a fixed rate per annum. At March 31, 2014, the weighted-average interest rate of our fixed rate debt and variable rate debt was 4.29% and 2.61%, respectively. The weighted-average interest rate of our blended fixed and variable rates was 3.43% at March 31, 2014.
	-2		On June 18, 2013, the loan was modified to extend the maturity date to July 1, 2018 and the interest rate was reduced to a fixed rate per annum of 3.50%.
	-3		A monthly payment of interest only is due and payable for twelve months from the loan date, after which, a monthly payment of principal and interest is due and payable until the maturity date.
	-4		The loan was originally funded with proceeds from the issuance of Iowa Finance Authority Variable Rate Demand Multifamily Housing Revenue Bonds (Windsor on the River, LLC Project), Series 2007A in the original aggregate principal amount of $24,000,000 (the “Bonds”) pursuant to an Indenture of Trust dated May 1, 2007 (the “Indenture”) by and between the issuer and The Bank of New York Mellon Trust Company, N.A. (the “Bond Trustee”), as trustee for the holders of the Bonds. The Company is required to pay, or cause to be paid, to the Bond Trustee on each date on which any payment of the principal of, premium, if any, or interest on the Bonds is due (whether on an interest payment date, at maturity or upon redemption or acceleration), an amount which, together with the funds held by the Bond Trustee in a bond fund, will be sufficient to enable the Bond Trustee to pay the principal of, premium, if any, and interest on the Bonds due on such date. The loan will bear interest at a rate equal to the interest rate borne from time to time by the Bonds, calculated on the same basis and to be paid by the Company at the same time as interest on the Bonds is calculated and paid from time to time. Interest on the Bonds is calculated by the remarketing agent and is equal to the interest rate per annum, which in the professional judgment of the remarketing agent having due regard for prevailing market conditions, would be the minimum interest rate necessary to cause the sale of the Bonds on the first day of an interest period at a price equal to 100% of the principal amount of the Bonds plus accrued interest. The Bonds currently bear interest at a weekly rate.
	-5		On December 27, 2012, the Company refinanced the existing mortgage loan secured by the Renaissance St. Andrews Property with the proceeds of a new mortgage loan in the aggregate principal amount of $9,084,000. A portion of the proceeds from the new loan were used to retire $7,000,000 of principal and accrued interest outstanding on the existing mortgage loan.
	-6		A monthly payment of interest only is due and payable through June 1, 2014, after which, a monthly payment of principal and interest is due and payable until the maturity date.
	-7		The Company has the option to extend the maturity date to October 1, 2018, subject to customary and market rate extension provisions.
	-8		A monthly payment of interest only is due and payable through August 1, 2013, after which, a monthly payment of principal and interest is due and payable until the maturity date.
	-9		A monthly payment of interest only is due and payable for 24 months from the loan date, after which, a monthly payment of principal and interest is due and payable until the maturity date.
	-10		The following table summarizes the debt premiums and discounts as of March 31, 2014 including the unamortized portion included in the principal balance as well as the amounts amortized as an offset to interest expense in the accompanying consolidated statements of operations:
		Unamortized Portion
		of Debt Premium		Amortization of Debt Premium (Discount)
		(Discount) as of		Three Months Ended March 31,
Property Name		31-Mar-14		2014			2013
Spring Creek		$	389,720	$	25,357		$	25,357
Estancia			1,254,846		89,774			89,774
Montelena			634,836		36,592			36,592
Deep Deuce at Bricktown			1,257,384		78,799			3,389
Retreat at Quail North			466,960		3,009			—
The Lodge at Trails Edge			105,066		3,968			—
Arbors of Carrollton			166,255		6,235			—
Waterford on the Meadow			336,319		12,612			—
The Belmont			650,202		23,556			—
Dawntree			809,016		31,746			—
Heritage Grand at Sienna Plantation			-457,712		-2,949			—
		$	5,612,892	$	308,699		$	155,112
	-11		See Note 10 for a discussion of the interest rate caps used to manage the exposure to interest rate movement on the Company’s variable rate loans.
	-12		A monthly payment of interest only is due and payable through August 6, 2014, after which, a monthly payment of principal and interest is due and payable until the maturity date.
	-13		A monthly payment of interest only is due and payable for 36 months from the loan date, after which, a monthly payment of principal and interest is due and payable until the maturity date.
Revolving Credit Facility
The Company has an unsecured revolving line of credit with PNC Bank, N.A. to borrow up to $20,000,000. On April 16, 2014, the Company amended the credit facility to extend the expiration date to May 23, 2014. Each advance under the facility is due within 180 days from the date of the advance, and all unpaid principal and interest is due and payable in full on May 23, 2014.
For each advance, the Company has the option to select the interest rate from the following options: (1) 2.0% plus the highest of (A) the Prime Rate (as defined in the credit agreement), (B) the sum of the Federal Funds Rate (as defined in the credit agreement) plus 0.50%, and (C) LIBOR plus 1.0% or (2) LIBOR plus 3.0%. For each advance wherein one of the LIBOR options is selected by the Company, the Company may select either the one-month LIBOR, three-month LIBOR or six-month LIBOR. As of March 31, 2014,  $15,000,000 was outstanding bearing interest at the one-month LIBOR plus 3.0%.
The following is a summary of the Company’s aggregate maturities as of March 31, 2014:
							Maturities During the Years Ending December 31,
					Remainder of
Contractual Obligation		Total		2014			2015			2016			2017		2018		Thereafter
Principal payments on outstanding debt obligations(1)		$	1,036,131,050	$	22,982,474		$	16,076,177		$	18,161,365		$	39,759,954	$	88,605,794	$	850,545,286
	-1		Projected principal payments on outstanding debt obligations are based on the terms of the notes payable agreements.
The Company’s notes payable contain customary financial and non-financial debt covenants. As of March 31, 2014 and December 31, 2013, the Company was in compliance with all financial and non-financial debt covenants.
For the three months ended March 31, 2014 and 2013, the Company incurred interest expense of $9,924,021 and $4,302,013. Interest expense for the three months ended March 31, 2014 and 2013 includes amortization of deferred financing costs of $364,088 and $160,294, accretion of loan premiums of $308,699 and $155,112, and net unrealized losses from the change in fair value of interest rate caps of $1,189,874 and $64,617, respectively. Interest expense of $2,786,866 and $1,409,323 was payable as of March 31, 2014 and December 31, 2013, respectively, and is included in accounts payable and accrued liabilities in the accompanying consolidated balance sheets.
Letter of Credit
In connection with the acquisition of the Windsor on the River Apartments, PNC Bank, National Association (the “Credit Provider”) issued a Letter of Credit to the Bond Trustee up to an aggregate of $23,789,727. The purpose of the Letter of Credit is to provide the Bond Trustee with funds for the payment of principal and interest on the Bonds and the purchase price of the Bonds that have been tendered pursuant to the tender provisions of the Indenture to the extent remarketing proceeds or other funds are not available for such purposes. The Letter of Credit will expire on January 25, 2017. Pursuant to a Reimbursement and Credit Agreement (the “Reimbursement Agreement”) by and between the Company, the Credit Provider and the Bond Trustee, the Company will reimburse the Credit Provider for all amounts paid by the Credit Provider to the Bond Trustee pursuant to a draw on the Letter of Credit on the day that the Credit Provider pays such amounts to the Bond Trustee. Interest on any amounts due under the Reimbursement Agreement will accrue from the date such amounts become due and payable until paid in full at a rate per annum equal to a fluctuating rate established by the Reimbursement Agreement plus 3.00%, subject to certain exceptions.
The Company paid a nonrefundable fee in connection with the origination of the Letter of Credit in the amount of $118,950. In addition, the Company will pay the Credit Provider an annual fee based upon a fixed percentage of the Letter of Credit Amount (the “Facility Fee”). The Facility Fee is: (1) for the period commencing on the closing date and ending on the day immediately preceding the first anniversary of the closing date (which occurred on January 26, 2013), 2.00% per annum; (2) for the period commencing on the first anniversary of the closing date and ending on the day immediately preceding the third anniversary of the closing date, 2.25% per annum; and (3) for the period commencing on the third anniversary of the closing date and thereafter, 2.50% per annum.
On March 26, 2013, the Reimbursement Agreement was amended to, among other things, modify certain financial covenants. In connection with the amendment, the Company agreed to deposit $50,000 each month into a principal reserve account beginning on March 26, 2013 and continuing on the first day of each month until the termination of the Reimbursement Agreement. As of March 31, 2014, the total balance of the principal reserve account was  $650,747  and is included in restricted cash in the accompanying consolidated balance sheets.

Stockholders_Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2014
Stockholders' Equity	'
Stockholders' Equity	'
	6. Stockholders’ Equity
	General
	Under the Company’s Second Articles of Amendment and Restatement (the “Charter”), the total number of shares of capital stock authorized for issuance is 1,100,000,000 shares, consisting of 999,999,000 shares of common stock with a par value of $0.01 per share, 1,000 shares of convertible stock with a par value of $0.01 per share and 100,000,000 shares designated as preferred stock with a par value of $0.01 per share.
	Common Stock
	The shares of the Company’s common stock entitle the holders to one vote per share on all matters upon which stockholders are entitled to vote, to receive dividends and other distributions as authorized by the Company’s board of directors in accordance with the Maryland General Corporation Law and to all rights of a stockholder pursuant to the Maryland General Corporation Law. The common stock has no preferences or preemptive, conversion or exchange rights.
	During 2009, the Company issued 22,223 shares of common stock to the Sponsor for $200,007. As of March 31, 2014, the Company had issued 74,886,955 shares of common stock in a private offering and Public Offering for offering proceeds of $661,616,053, net of offering costs of $95,845,468, including 2,228,319 shares of common stock pursuant to the DRP, for total proceeds of $21,624,720. The offering costs primarily consist of selling commissions and dealer manager fees. Offering proceeds include $0 and $26,549,087 of amounts receivable from the Company’s transfer agent as of March 31, 2014 and December 31, 2013, respectively, which are included in rents and other receivables in the accompanying consolidated balance sheets.
	During the year ended December 31, 2013, the Company granted 10,000 shares of restricted stock to its independent directors at a weighted average fair value of  $10.24 as compensation for services in connection with their initial election or re-election to the board of directors at the Company’s annual meeting. The shares of restricted common stock vest and become non-forfeitable in four equal annual installments beginning on the date of grant and ending on the third anniversary of the date of grant and will become fully vested and become non-forfeitable on the earlier to occur of (1) the termination of the independent director’s service as a director due to his or her death or disability, or (2) a change in control of the Company.
	Included in general and administrative expenses is $22,176 and $21,126 for the three months ended March 31, 2014 and 2013, respectively, for compensation expense related to the issuance of restricted common stock. The weighted average remaining term of the restricted common stock is 0.92 years as of March 31, 2014.
	Convertible Stock
	The Company issued 1,000 shares of Convertible Stock to the Advisor for $1,000. The Convertible Stock will convert into shares of the Company’s common stock if and when: (A) the Company has made total distributions on the then outstanding shares of common stock equal to the original issue price of those shares plus an 8.0% cumulative, non-compounded, annual return on the original issue price of those shares, (B) subject to specified conditions, the Company lists the common stock for trading on a national securities exchange or (C) the Advisory Agreement is terminated or not renewed by the Company (other than for “cause” as defined in the Advisory Agreement). A “listing” will also be deemed to have occurred on the effective date of any merger of the Company in which the consideration received by the holders of the Company’s common stock is the securities of another issuer that are listed on a national securities exchange. Upon conversion, each share of Convertible Stock will convert into a number of shares of common stock equal to 1/1000 of the quotient of (A) 10% of the amount, if any, by which (1) the Company’s “enterprise value” (as defined in the Charter) plus the aggregate value of distributions paid to date on the outstanding shares of common stock exceeds (2) the aggregate purchase price paid by the stockholders for those shares plus an aggregate 8.0% cumulative, non-compounded, annual return on the original issue price of those shares, divided by (B) the Company’s enterprise value divided by the number of outstanding shares of common stock, in each case calculated as of the date of the conversion. In the event of a termination or non-renewal of the Advisory Agreement by the Company for cause, the Convertible Stock will be redeemed by the Company for $1.00.
	Preferred Stock
	The Charter also provides the Company’s board of directors with the authority to issue one or more classes or series of preferred stock, and prior to the issuance of such shares of preferred stock, the board of directors shall have the power from time to time to classify or reclassify, in one or more series, any unissued shares and designate the preferences, rights and privileges of such shares of preferred stock. The Company’s board of directors is authorized to amend the Charter, without the approval of the stockholders, to increase the aggregate number of authorized shares of capital stock or the number of shares of any class or series that the Company has authority to issue. As of March 31, 2014 and December 31, 2013, no shares of the Company’s preferred stock were issued and outstanding.
	Distribution Reinvestment Plan
	The Company’s board of directors has approved the DRP through which common stockholders may elect to reinvest an amount equal to the distributions declared on their shares of common stock in additional shares of the Company’s common stock in lieu of receiving cash distributions. The initial purchase price per share under the DRP was $9.50. Effective September 10, 2012, shares of the Company’s common stock are issued pursuant to the DRP at a price of $9.73 per share or 95% of the new offering price of $10.24 per share.  The Company’s board of directors may, in its sole discretion, from time to time, change this price based upon changes in the Company’s estimated value per share, and other factors that the Company’s board of directors deems relevant.
	No sales commissions or dealer manager fees are payable on shares sold through the DRP. The Company’s board of directors may terminate the DRP at its discretion at any time upon ten days notice to the Company’s stockholders. Following any termination of the DRP, all subsequent distributions to stockholders will be made in cash.
	Share Repurchase Plan and Redeemable Common Stock
	The Company’s share repurchase plan may provide an opportunity for stockholders to have their shares of common stock repurchased by the Company, subject to certain restrictions and limitations. No shares can be repurchased under the share repurchase plan until after the first anniversary of the date of purchase of such shares; provided, however, that this holding period shall not apply to repurchases requested within two years after the death or disability of a stockholder.
	The purchase price for shares repurchased under the Company’s share repurchase plan will be as follows:
			Repurchase Price
	Share Purchase Anniversary		on Repurchase Date(1)
	Less than 1 year		No Repurchase Allowed
	1 year		92.5% of Estimated Value per Share(4)
	2 years		95.0% of Estimated Value per Share(4)
	3 years		97.5% of Estimated Value per Share(4)
	4 years		100.0% of Estimated Value per Share(4)
	In the event of a stockholder’s death or disability(2)		Average Issue Price for Shares(3)
		-1		As adjusted for any stock dividends, combinations, splits, recapitalizations or any similar transaction with respect to the shares of common stock.
		-2		The required one year holding period to be eligible to redeem shares under the Company’s share repurchase plan does not apply in the event of death or disability of a stockholder. For purposes of the Company’s share repurchase plan a “disability” means (a) the stockholder has received a determination of disability based upon a physical or mental condition or impairment arising after the date the stockholder acquired the shares to be redeemed, and (b) the determination of such disability was made by the governmental agency responsible for reviewing and awarding the disability retirement benefits that the stockholder could be eligible to receive, which the Company refers to as the “applicable governmental agency.” The applicable governmental agencies are limited to the following: (i) the Social Security Administration; (ii) the U.S. Office of Personnel Management with respect to disability benefits under the Civil Service Retirement System, or CSRS; or (iii) the Veteran’s Administration; and in each case, the agency charged with administering disability benefits at that time on behalf of one of the applicable governmental agencies. Disability determinations by governmental agencies other than those listed above, including, but not limited to, worker’s compensation insurance or the administration or enforcement of the Rehabilitation Act of 1973, as amended, or the ADA will not entitle a stockholder to the terms available for the repurchase of shares. Repurchase requests following an award by the applicable governmental agency of disability, such as the Social Security Administration Notice of Award, a U.S. Office of Personnel Management determination of disability under CSRS, a Veteran’s Administration record of disability-related discharge, as the case may be, or such other documentation issued by the applicable governmental agency that the Company deems acceptable and demonstrates an award of the disability benefits. As the following disabilities generally do not entitle a worker to Social Security or related disability benefits, they will not qualify as a “disability” for purposes of the Company’s share repurchase plan: (a) disabilities occurring after the legal retirement age; (b) temporary disabilities; and (c) disabilities that do not render a worker incapable of performing substantial gainful activity. However, where a stockholder requests the repurchase of shares due to a disability and the stockholder does not have a disability that meets the definition described above, but is subject to similar circumstances, the Company’s board of directors may repurchase the stockholder’s shares, in its sole discretion.
		-3		The purchase price per share for shares redeemed upon the death or disability of a stockholder will be equal to the average issue price per share for all of the stockholder’s shares.
		-4		For purposes of the share repurchase plan, the “Estimated Value per Share” will equal the purchase price until the day the Company publicly discloses, subsequent to completion of the offering stage, a new Estimated Value per Share. The Estimated Value per Share is determined by the board of directors, based on periodic valuations by independent third-party appraisers and qualified independent valuation experts selected by the Advisor. The Company considered the offering stage to have completed upon the termination of the Public Offering on December 20, 2013.
	The purchase price per share for shares repurchased pursuant to the share repurchase plan will be further reduced by the aggregate amount of net proceeds per share, if any, distributed to the Company’s stockholders prior to the repurchase date as a result of the sale of one or more of the Company’s assets that constitutes a return of capital distribution as a result of such sales.
	Repurchases of shares of the Company’s common stock will be made quarterly upon written request to the Company at least 15 days prior to the end of the applicable quarter. Repurchase requests will be honored approximately 30 days following the end of the applicable quarter (the “Repurchase Date”). Stockholders may withdraw their repurchase request at any time up to three business days prior to the repurchase date. During the three months ended March 31, 2014, the Company redeemed a total of 49,513 shares with a total redemption value of $474,161 and received requests for the redemption of 61,570 shares with a total redemption value of $614,762. During the three months ended March 31, 2013, the Company received requests for the redemption of 35,596 shares with a total redemption value of $350,901, all of which were redeemed during the year ended December 31, 2013.
	As of March 31, 2014, the Company had 63,985 shares of outstanding and unfulfilled redemption requests and recorded $657,487 in accounts payable and accrued liabilities on the accompanying balance sheet related to these unfulfilled redemption requests. The Company redeemed 48,459 of the outstanding redemption requests as of December 31, 2013 totaling $464,161 on the January 31, 2014 redemption date and redeemed an additional 1,053 shares totaling $10,000 in February 2014.
	The Company cannot guarantee that the funds set aside for the share repurchase plan will be sufficient to accommodate all repurchase requests made in any quarter. In the event that the Company does not have sufficient funds available to repurchase all of the shares of its common stock for which repurchase requests have been submitted in any quarter, priority will be given to redemption requests in the case of the death or disability of a stockholder. If the Company repurchases less than all of the shares subject to a repurchase request in any quarter, with respect to any shares which have not been repurchased, a stockholder may (1) withdraw the request for repurchase or (2) ask that the Company honor the request in a future quarter, if any, when such repurchases can be made pursuant to the limitations of the share repurchase plan and when sufficient funds are available. Such pending requests will be honored among all requests for redemptions in any given redemption period as follows: first, pro rata as to redemptions sought upon a stockholder’s death or disability; and, next, pro rata as to other redemption requests.
	The Company is not obligated to repurchase shares of its common stock under the share repurchase plan. The Company presently intends to limit the number of shares to be repurchased in any calendar year to those that could be funded from the net proceeds from the sale of shares pursuant to the DRP, and in no event shall redemptions under the share repurchase plan exceed 5% of the weighted average number of shares of the Company’s common stock outstanding during the prior calendar year.  There is no fee in connection with a repurchase of shares of the Company’s common stock.
	The aggregate amount of repurchases under the Company’s share repurchase plan is not expected to exceed the aggregate proceeds received from the sale of shares pursuant to the DRP. However, if this amount is not sufficient to fund repurchase requests, subject to the 5% limitation outlined above, the Company’s board of directors may, in its sole discretion, choose to use other sources of funds to repurchase shares of the Company’s common stock. Such sources of funds could include cash on hand, cash available from borrowings and cash from liquidations of securities investments as of the end of the applicable month, to the extent that such funds are not otherwise dedicated to a particular use, such as working capital, cash distributions to stockholders or purchases of real estate assets.
	In addition, the Company’s board of directors may, in its sole discretion, amend, suspend, or terminate the share repurchase plan at any time upon 30 days’ notice to the Company’s stockholders if it determines that the funds available to fund the share repurchase plan are needed for other business or operational purposes or that amendment, suspension or termination of the share repurchase plan is in the best interest of the Company’s stockholders.  Therefore, stockholders may not have the opportunity to make a repurchase request prior to any potential termination of the Company’s share repurchase plan.
	Pursuant to the share repurchase plan, for the three months ended March 31, 2014 and 2013, the Company reclassified $1,788,322 and $1,347,953, net of $474,161 and $272,960 of fulfilled redemption requests, respectively, from permanent equity to temporary equity, which is included as redeemable common stock on the accompanying consolidated balance sheets. The redeemable common stock balance at any given time will consist of (1) DRP proceeds from the prior year plus (2) DRP proceeds from the current year through the current period less (3) actual current year redemptions paid or pending redemption.
	Distributions
	The Company’s long-term policy is to pay distributions from cash flow from operations. However, the Company expects to have insufficient cash flow from operations available for distribution during its acquisition stage. In order to provide additional available funds to pay distributions, under certain circumstances the Company’s obligation to pay all fees due to the Advisor from the Company pursuant to the Advisory Agreement were deferred up to an aggregate amount of $5,000,000. As of March 31, 2014 and December 31, 2013,  $5,000,000 and $5,000,000, respectively, of fees had been deferred pursuant to the Advisory Agreement.
	The Company is only obligated to pay the Advisor its deferred fees if and to the extent that cumulative Adjusted Funds From Operations (as defined in the Advisory Agreement) for the period beginning on the date of the commencement of the Company’s initial private offering through the date of any such payment exceed the lesser of (1) the cumulative amount of any distributions paid to stockholders as of the date of such payment or (2) distributions (including the value of shares issued pursuant to the DRP) equal to a 7.0% cumulative, non-compounded, annual return on invested capital for the period from the commencement of the Public Offering through the date of such payment. The Company’s obligation to pay the deferred fees will survive the termination of the Advisory Agreement and will continue to be subject to the repayment conditions above. The Company will not pay interest on the deferred fees if and when such fees are paid to the Advisor.
	Distributions Declared
	Distributions declared (1) accrue daily to stockholders of record as of the close of business on each day, (2) are payable in cumulative amounts on or before the third day of each calendar month with respect to the prior month and (3) are calculated at a rate of $0.001964 per share per day, which if paid each day over a 365-day period is equivalent to a 7.0% annualized distribution rate based on a purchase price of $10.24 per share of common stock. Prior to September 10, 2012, distributions were calculated at a rate of $0.001917 per share of common stock per day, which was equivalent to a 7.0% annualized distribution rate based on a purchase price of $10.00 per share of common stock. Stockholders may elect to receive cash distributions or purchase additional shares through the DRP.
	Distributions declared for the three months ended March 31, 2014 and 2013 were $13,174,851 and $4,460,763, including $6,516,788 and $1,896,912, or 669,762 shares and 194,955 shares, respectively, of common stock attributable to the DRP.
	As of March 31, 2014 and December 31, 2013,  $4,549,950 and $4,058,452 distributions declared were payable, which included $2,252,870 and $1,963,570 of distributions reinvested pursuant to the DRP, respectively.
	Distributions Paid
	For the three months ended March 31, 2014 and 2013, the Company paid cash distributions of $6,455,864 and $2,399,708, which related to distributions declared for each day in the period from December 1, 2013 through February 28, 2014 and December 1, 2012 through February 28, 2013, respectively. Additionally, for the three months ended March 31, 2014 and 2013,  640,030 and 181,719 shares of common stock were issued pursuant to the DRP for gross offering proceeds of $6,227,488 and $1,768,123, respectively. For the three months ended March 31, 2014 and 2013, the Company paid total distributions of $12,683,352 and $4,167,831, respectively.

Related_Party_Arrangements

Related Party Arrangements	3 Months Ended
	Mar. 31, 2014
Related Party Arrangements	'
Related Party Arrangements	'
	7. Related Party Arrangements
	The Company has entered into the Advisory Agreement with the Advisor and a Dealer Manager Agreement with the Dealer Manager with respect to the Public Offering. Pursuant to the Advisory Agreement and Dealer Manager Agreement, the Company is obligated to pay the Advisor and the Dealer Manager specified fees upon the provision of certain services related to the Public Offering, the investment of funds in real estate and real estate-related investments and the management of the Company’s investments and for other services (including, but not limited to, the disposition of investments). Subject to the limitations described below, the Company is also obligated to reimburse the Advisor and its affiliates for organization and offering costs incurred by the Advisor and its affiliates on behalf of the Company, and the Company is obligated to reimburse the Advisor and its affiliates for acquisition and origination expenses and certain operating expenses incurred on behalf of the Company or incurred in connection with providing services to the Company. As discussed in Note 6, in certain circumstances, the Company’s obligation to pay some or all of the fees due to the Advisor pursuant to the Advisory Agreement has been deferred up to an aggregate amount of $5,000,000.
	Amounts attributable to the Advisor and its affiliates incurred and paid for the three months ended March 31, 2014 and 2013 are as follows:
		Incurred For the Three Months					Paid For the Three Months
		Ended March 31,					Ended March 31,
		2014			2013		2014		2013
	Consolidated Statements of Operations:
	Expensed
	Investment management fees(1)	$	3,174,296		$	1,256,596	$	3,267,874	$	1,256,596
	Acquisition fees(1)		1,579,677			2,222,318		989,747		1,932,660
	Acquisition expenses(2)		209,204			1,671,768		76,681		422,461
	Property management
	Fees(1)		1,353,298			548,853		1,291,118		516,451
	Reimbursement of onsite personnel(3)		4,091,180			1,456,994		3,425,106		1,395,827
	Other fees(1)		396,553			158,359		399,338		136,721
	Other operating expenses(4)		223,678			187,738		130,668		223,449
	Consolidated Balance Sheets:
	Capitalized to real estate
	Construction management fees		229,142			—		229,142		—
	Additional paid-in-capital
	Other offering costs reimbursement		—			2,514,262		3,105,247		2,497,871
	Selling commissions		—			3,065,168		—		3,065,168
	Dealer management fees		—			1,698,582		—		1,698,582
		$	11,257,028		$	14,780,638	$	12,914,921	$	13,145,786
		-1		Included in fees to affiliates in the accompanying consolidated statements of operations for the three months ended March 31, 2014 and 2013.
		-2		Included in acquisition costs in the accompanying consolidated statements of operations for the three months ended March 31, 2014 and 2013.
		-3		Included in operating, maintenance and management in the accompanying consolidated statements of operations for the three months ended March 31, 2014 and 2013.
		-4		Included in general and administrative expenses in the accompanying consolidated statements of operations for the three months ended March 31, 2014 and 2013.
	Amounts attributable to the Advisor and its affiliates that are payable as of March 31, 2014 and December 31, 2013 are as follows:
		Payable as of
		31-Mar-14			31-Dec-13
	Consolidated Statements of Operations:
	Expensed
	Investment management fees(1)	$	4,436,464		$	4,530,042
	Acquisition fees(2)		1,238,352			648,422
	Acquisition expenses		132,523			—
	Property management
	Fees		478,761			416,581
	Reimbursement of onsite personnel		1,234,925			568,851
	Other fees		42,435			45,220
	Other operating expenses		100,686			7,676
	Consolidated Balance Sheets:
	Additional paid-in-capital
	Other offering costs reimbursement		—			3,105,246
	Due to affiliates, net	$	7,664,146		$	9,322,038
		-1		Investment management fees earned by the Advisor totaling $4,351,578 and $4,351,578 were deferred as of March 31, 2014 and December 31, 2013, respectively, pursuant to the terms of the Advisory Agreement. The remaining investment management fees of $84,886 and $178,464 were due and payable and are included in due to affiliates in the accompanying consolidated balance sheets at March 31, 2014 and December 31, 2013, respectively.
		-2		Acquisition fees earned by the Advisor totaling $648,422 and $648,422 were deferred as of March 31, 2014 and December 31, 2013, respectively, pursuant to the terms of the Advisory Agreement. The remaining acquisition fees of $589,930 and $0 were due and payable and are included in due to affiliates in the accompanying consolidated balance sheets at March 31, 2014 and December 31, 2013, respectively.
	Organization and Offering Costs
	Organization and offering costs (other than selling commissions and dealer manager fees) of the Company were initially paid by the Advisor or its affiliates on behalf of the Company. These organization and other offering costs include all expenses to be paid by the Company in connection with the Public Offering and the private offering, including legal, accounting, printing, mailing and filing fees, charges of the Company’s transfer agent, expenses of organizing the Company, data processing fees, advertising and sales literature costs, transfer agent costs, bona fide out-of-pocket due diligence costs and amounts to reimburse the Advisor or its affiliates for the salaries of its employees and other costs in connection with preparing supplemental sales materials and providing other administrative services in connection with the Public Offering and the private offering. Reimbursement of expenses paid to the Advisor did not exceed the actual expenses incurred by the Advisor. Organization costs included all expenses incurred by the Company in connection with the formation of the Company, including, but not limited to, legal fees and other costs to incorporate the Company.
	Included in organization and offering costs are payments made to Crossroads Capital Advisors, LLC (“Crossroads”), an affiliate of the Sponsor, for certain specified services provided to the Company on behalf of the Advisor, including, without limitation, establishing operational and administrative processes; engaging and negotiating with vendors; providing recommendations and advice for the development of marketing materials and ongoing communications with investors; assisting in public relations activities and the administration of our distribution reinvestment plan and share redemption plan; and providing advice as to our real estate portfolio and property operations.
	Pursuant to the Advisory Agreement, the Company is obligated to reimburse the Advisor or its affiliates, as applicable, for organization and offering costs paid by them on behalf of the Company in connection with the Public Offering, provided that the Advisor is obligated to reimburse the Company to the extent selling commissions, dealer manager fees and organization and offering costs incurred by the Company in the Public Offering exceed 15% of gross offering proceeds raised in the completed Public Offering.
	Organization costs are expensed as incurred. From inception through March 31, 2014, the Company incurred $100,738 of organizational costs on the Company’s behalf, of which $100,738 was reimbursed to the Advisor.  No organizational costs were incurred or recognized during the three months ended March 31, 2014 and 2013.
	Offering costs, including selling commissions and dealer manager fees, are deferred and charged to stockholders’ equity as such amounts are reimbursed to the Advisor, the Dealer Manager or their affiliates from gross offering proceeds. For the three months ended March 31, 2014 and 2013, the Company reimbursed the Advisor $0 and $7,278,011, respectively, of offering costs related to the Public Offering including $0 and $327,000 of amounts paid to Crossroads for certain offering services provided to the Company.
	The Company has reimbursed the Advisor $95,946,206 for organization and offering costs incurred from inception through March 31, 2014, including reimbursements of organization costs of $100,738, reimbursements of private offering costs of  $2,301,719 and reimbursements of Public Offering costs of $93,543,749. The Company accrued $0 and $3,105,246 for the reimbursement of offering costs in the financial statements as of March 31, 2014 and December 31, 2013, respectively.
	Investment Management Fee
	The Company pays the Advisor a monthly investment management fee equal to one-twelfth of 0.80% of (1) the cost of real properties and real estate-related assets acquired directly by the Company or (2) the Company’s allocable cost of each real property or real estate-related asset acquired through a joint venture. Such fee is calculated including acquisition fees, acquisition expenses and any debt attributable to such investments, or the Company’s proportionate share thereof in the case of investments made through joint ventures. The Company paid distributions in excess of the Company’s Adjusted Funds From Operations; therefore, $4,351,578 of investment management fees were deferred during the offering stage and remained deferred as of March 31, 2014.
	Acquisition Fees and Expenses
	The Company pays the Advisor an acquisition fee equal to 2.0% of (1) the cost of investment, as defined, in connection with the acquisition or origination of any type of real property or real estate-related asset acquired directly by the Company or (2) the Company’s allocable portion of the purchase price in connection with the acquisition or origination of any type of real property or real estate-related asset acquired through a joint venture, including any acquisition and origination expenses and any debt attributable to such investments. During the three months ended March 31, 2014 and 2013, the Company incurred acquisition fees of $1,579,677 and $2,222,318, of which $989,747 and $1,932,660, respectively, was paid to the Advisor. Acquisition fees of $589,930 and $0 were due and payable and included in due to affiliates in the accompanying balance sheets at March 31, 2014 and December 31, 2013, respectively. The Company paid distributions in excess of the Company’s Adjusted Funds From Operations; therefore, $648,422 of acquisition fees were deferred during the offering stage and remain deferred as of March 31, 2014.
	In addition to acquisition fees, the Company reimburses the Advisor for amounts directly incurred by the Advisor or its affiliates, including personnel-related costs for acquisition due diligence, legal and non-recurring management services, and amounts the Advisor pays to third parties in connection with the selection, acquisition or development of a property or acquisition of real estate-related assets, whether or not the Company ultimately acquires the property or the real estate-related assets. For the three months ended March 31, 2014 and 2013, the Advisor incurred $209,204 and $1,671,768 of direct acquisition costs and the Company paid $407,709 and $446,720 of acquisition costs to third parties.
	The Charter limits the Company’s ability to pay acquisition fees if the total of all acquisition fees and expenses relating to the purchase would exceed 6% of the contract purchase price. Under the Charter, a majority of the Company’s board of directors, including a majority of the independent directors, is required to approve any acquisition fees (or portion thereof) that would cause the total of all acquisition fees and expenses relating to an acquisition to exceed 6% of the contract purchase price. In connection with the purchase of securities, the acquisition fee may be paid to an affiliate of the Advisor that is registered as a FINRA member broker-dealer if applicable FINRA rules would prohibit the payment of the acquisition fee to a firm that is not a registered broker-dealer.
	Property Management Fees and Expenses
	The Company has entered into Property Management Agreements with Steadfast Management Company, Inc., an affiliate of the Sponsor (the “Property Manager”), in connection with the acquisition of each of the Company’s properties (other than EBT Lofts, Library Lofts and Stuart Hall which are managed by an unaffiliated third-party management company). The property management fee payable with respect to each property under the Property Management Agreements (each a “Property Management Agreement”) ranges from 2.5% to 3.5% of the annual gross revenue collected which is usual and customary for comparable property management services rendered to similar properties in similar geographic markets, as determined by the Advisor and approved by a majority of the Company’s board of directors, including a majority of the independent directors. The Property Manager also receives an oversight fee of 1% of gross revenues at certain of the properties at which it does not serve as a property manager. Generally, each Property Management Agreement has an initial one year term and will continue thereafter on a month-to-month basis unless either party gives a 60 day prior notice of its desire to terminate the Property Management Agreement, provided that the Company may terminate the Property Management Agreement upon an uncured breach of the Property Management Agreement upon 30 days prior written notice to the Property Manager. For the three months ended March 31, 2014 and 2013, the Company incurred $1,353,298 and $548,853, respectively, of property management fees, of which $1,291,118 and $516,451 was paid to the Property Manager. Property management fees totaling  $478,761 and $416,581 were payable to the Property Manager at March 31, 2014 and December 31, 2013, respectively.
	In addition to the property management fee, the Property Management Agreements also specify certain other fees payable to the Property Manager for benefit administration and training services. For the three months ended March 31, 2014 and 2013, the Company incurred $396,553 and $158,359 of other fees, of which $399,338 and $136,721 was paid to the Property Manager. Other fees totaling $42,435 and $45,220 were payable to the Property Manager at March 31, 2014 and December 31, 2013, respectively.
In addition, the Company reimburses the Property Manager for the salaries and related benefits of on-site property management employees. For the three months ended March 31, 2014 and 2013, the Company incurred $4,091,180 and $1,456,994 of salaries and related benefits of on-site property management employees, of which $3,425,106 and $1,395,827 was paid to the Property Manager. Property management expenses totaling  $1,234,925 and $568,851 were payable to the Property Manager at March 31, 2014 and December 31, 2013, respectively.
Construction Management Fees
The Company has entered into Construction Management Agreements with Pacific Coast Land and Construction, Inc., an affiliate of the Sponsor (the “Construction Manager”), in connection with the planned renovation for certain of the Company's properties. The construction management fee payable with respect to each property under the Construction Management Agreements (each a “Construction Management Agreement”) ranges from 8.0% to 12.0% of the costs of the improvements for which the Construction Manager has oversight authority. Generally, each Construction Management Agreement has a term equal to the planned renovation timeline unless either party gives a 30 day prior notice of its desire to terminate the Construction Management Agreement. For  the three months ended March 31, 2014, the Company incurred $229,142 of construction management fees, of which $229,142 was paid to the Construction Manager. No construction management fees were incurred for the three months ended March 31, 2013. No construction management fees were payable to the Construction Manager at March 31, 2014 and December 31, 2013.
Other Operating Expense Reimbursement
In addition to the various fees paid to the Advisor, the Company is obligated to pay directly or reimburse all expenses incurred in providing services to the Company, including the Company’s allocable share of the Advisor’s overhead, such as rent, employee costs, utilities and information technology costs. The Company will not reimburse the Advisor for employee costs in connection with services for which the Advisor or its affiliates receive acquisition fees or disposition fees or for the salaries the Advisor pays to the Company’s executive officers.
The Charter limits the Company’s total operating expenses (as defined) during any four fiscal quarters to the greater of 2% of the Company’s average invested assets (as defined below) or 25% of the Company’s net income for the same period (the “2% /25% Limitation”). The Company may reimburse the Advisor, at the end of each fiscal quarter, for operating expenses incurred by the Advisor; provided, however, that the Company shall not reimburse the Advisor at the end of any fiscal quarter for operating expenses that exceed the 2%/25% Limitation unless the independent directors have determined that such excess expenses were justified based on unusual and non-recurring factors. The Advisor must reimburse the Company for the amount by which the Company’s operating expenses for the preceding four fiscal quarters then ended exceed the 2%/25% Limitation. For purposes of determining the 2%/25% Limitation amount, “Average invested assets” means the average monthly book value of the Company’s assets invested directly or indirectly in equity interests and loans secured by real estate during the 12-month period before deducting depreciation, bad debts or other non-cash reserves. “Total operating expenses” means all expenses paid or incurred by the Company that are in any way related to the Company’s operation, including the Company’s allocable share of Advisor overhead and investment management fees, but excluding (a) the expenses of raising capital such as organization and offering expenses, legal, audit, accounting, underwriting, brokerage, listing, registration and other fees, printing and other such expenses and taxes incurred in connection with the issuance, distribution, transfer, listing and registration of shares of the Company’s common stock; (b) interest payments; (c) taxes; (d) non-cash expenditures such as depreciation, amortization and bad debt reserves; (e) reasonable incentive fees based on the gain in the sale of the Company’s assets; (f) acquisition fees and acquisition expenses (including expenses relating to potential acquisitions that the Company does not close); (g) real estate commissions on the resale of investments; and (h) other expenses connected with the acquisition, disposition, management and ownership of investments (including the costs of foreclosure, insurance premiums, legal services, maintenance, repair and improvement of real property).
For the three months ended March 31, 2014 and 2013, the Advisor and its affiliates incurred $223,675 and $187,738 related to the allocable share of Advisor’s overhead expenses of $223,675 and $187,738, none of which were in excess of the 2%/25% Limitation and are included in the $1,333,874 and $710,822 of general and administrative expenses recognized by the Company.
Disposition Fee
If the Advisor or its affiliates provides a substantial amount of services, as determined by the Company’s independent directors, in connection with the sale of a property or real estate-related asset, the Company will pay the Advisor or its affiliates 1.5% of the sales price of each property or real estate-related asset sold. To the extent the disposition fee is paid upon the sale of any assets other than real property, it will be included as an operating expense for purposes of the 2%/25% Limitation. In connection with the sale of securities, the disposition fee may be paid to an affiliate of the Advisor that is registered as a FINRA member broker-dealer if applicable FINRA rules would prohibit the payment of the disposition fee to a firm that is not a registered broker-dealer. The Charter limits the maximum amount of disposition fees payable to the Advisor for the sale of any real property to the lesser of one-half of the brokerage commission paid or 3% of the contract sales price, but in no event shall the total real estate commissions paid, including any disposition fees payable to the Advisor, exceed 6% of the contract sales price. As of March 31, 2014, the Company had not incurred any disposition fees.
Selling Commissions and Dealer Manager Fees
Pursuant to the terms of the Dealer Manager Agreement, the Company paid the Dealer Manager up to 6.5% and 3.5% of the gross offering proceeds from the Primary Offering as selling commissions and dealer manager fees, respectively. A reduced sales commission and dealer manager fee was paid in connection with volume discounts and certain other categories of sales. No sales commission or dealer manager fee was paid with respect to shares of common stock issued pursuant to the DRP. The Dealer Manager reallowed 100% of sales commissions earned to participating broker-dealers. The Dealer Manager was also able to reallow to any participating broker-dealer a portion of the dealer manager fee that is attributable to that participating broker-dealer for certain marketing costs of that participating broker-dealer.  For the three months ended March 31, 2014 and 2013, the Company paid selling commissions of $0 and $3,065,168 and dealer manager fees of $0 and $1,698,582, respectively.

Incentive_Award_Plan_and_Indep

Incentive Award Plan and Independent Director Compensation	3 Months Ended
	Mar. 31, 2014
Incentive Award Plan and Independent Director Compensation	'
Incentive Award Plan and Independent Director Compensation	'
	8. Incentive Award Plan and Independent Director Compensation
	The Company has adopted an incentive plan (the “Incentive Award Plan”) that provides for the grant of equity awards to its employees, directors and consultants and those of the Company’s affiliates. The Incentive Award Plan authorizes the grant of non-qualified and incentive stock options, restricted stock awards, restricted stock units, stock appreciation rights, dividend equivalents and other stock-based awards or cash-based awards. No awards have been granted under the Incentive Award Plan as of March 31, 2014 and December 31, 2013, except those awards granted to the independent directors as described below.
	Under the Company’s independent directors’ compensation plan, which is a sub-plan of the Incentive Award Plan, each of the Company’s independent directors was entitled to receive 5,000 shares of restricted common stock in connection with the initial meeting of the Company’s full board of directors. The Company’s board of directors, and each of the independent directors, agreed to delay the initial grant of restricted stock until the Company raised $2,000,000 in gross offering proceeds in the Company’s private offering. In addition, on the date following an independent director’s re-election to the Company’s board of directors, he or she receives 2,500 shares of restricted common stock. One-fourth of the shares of restricted common stock generally vest and become non-forfeitable upon issuance and the remaining portion will vest in three equal annual installments beginning on the date of grant and ending on the third anniversary of the date of grant; provided, however, that the restricted stock will become fully vested and become non-forfeitable on the earlier to occur of (1) the termination of the independent director’s service as a director due to his or her death or disability, or (2) a change in control of the Company. The Company recorded stock-based compensation expense of $22,176 and $21,126 for the three months ended March 31, 2014 and 2013, respectively.
	On November 15, 2012, the Company entered into a Stock Purchase Plan (the “Plan”) with Ella Shaw Neyland, the Company's President and a member of the Company's board of directors, whereby Ms. Neyland has agreed to invest $5,530 for 600 shares of common stock pursuant to the Public Offering on the first day of each fiscal quarter. The purchase of shares of the Company’s common stock by Ms. Neyland pursuant to the Plan commenced on January 1, 2013 and terminated on November 15, 2013. The shares were purchased pursuant to the Plan at a price of $9.216 per share, reflecting the elimination of selling commissions and the dealer manager fee in connection with such sales.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies	'
Commitments and Contingencies	'
		9	Commitments and Contingencies
	Economic Dependency
	The Company is dependent on the Advisor for certain services that are essential to the Company, including the identification, evaluation, negotiation, purchase, and disposition of real estate and real estate-related investments; management of the daily operations of the Company’s real estate and real estate-related investment portfolio; and other general and administrative responsibilities. In the event that these companies are unable to provide the respective services, the Company will be required to obtain such services from other sources.
	Concentration of Credit Risk
	The geographic concentration of the Company’s portfolio makes it particularly susceptible to adverse economic developments in the Houston, Texas and Austin, Texas apartment markets.  Any adverse economic or real estate developments in these markets, such as business layoffs or downsizing, relocations of businesses, increased competition from other apartment communities, decrease in demand for apartments or any other changes, could adversely affect the Company’s operating results and its ability to make distributions to stockholders.
	Environmental
	As an owner of real estate, the Company is subject to various environmental laws of federal, state and local governments. The Company is not aware of any environmental liability that could have a material adverse effect on its financial condition or results of operations. However, changes in applicable environmental laws and regulations, the uses and conditions of properties in the vicinity of the Company’s properties, the activities of its tenants and other environmental conditions of which the Company is unaware with respect to the properties could result in future environmental liabilities.
	Legal Matters
	From time to time, the Company is subject, or party, to legal proceedings that arise in the ordinary course of its business. Management is not aware of any legal proceedings of which the outcome is reasonably likely to have a material adverse effect on the Company’s results of operations or financial condition nor is the Company aware of any such legal proceedings contemplated by government agencies.

Derivative_Financial_Instrumen

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2014
Derivative Financial Instruments	'
Derivative Financial Instruments	'
		10		Derivative Financial Instruments
	The Company uses interest rate derivatives with the objective of managing exposure to interest rate movements thereby minimizing the effect of interest rate changes and the effect they could have on future cash flows. Interest rate caps are used to accomplish this objective. As of March 31, 2014, the Company had 23 interest rate caps with notional amounts totaling $518,879,000. The following table provides the terms of the Company’s interest rate derivative instruments that were in effect at March 31, 2014:
						Effective	Maturity	Notional			Variable		Fixed		Fair Value as of
	Property		Type		Purpose	Date	Date	Amount		Based on	Rate		Rate		Mar 31,  2014		31-Dec-13
	Windsor on		Cap		Cap Floating	2/9/12	2/1/17	$	23,500,000	SIFMA	0.06	%	3.00	%	$	69,731	$	121,310
	the River				Rate		2/1/19			Municipal Swap Index			5.00	%
	Ashley Oaks		Cap		Cap Floating Rate	10/24/11	11/1/16		21,712,000	One-Month LIBOR	0.15	%	5.00	%		14,495		19,729
	Trails at Buda Ranch		Cap		Cap Floating Rate	3/28/13	4/1/18		17,030,000	One-Month LIBOR	0.15	%	2.00	%		286,847		335,483
	Deer Valley		Cap		Cap Floating Rate	4/30/13	5/1/18		20,875,000	One-Month LIBOR	0.15	%	2.00	%		374,308		439,064
	Grayson Ridge		Cap		Cap Floating Rate	6/26/13	7/1/17		10,725,000	One-Month LIBOR	0.15	%	2.00	%		99,863		115,262
	Rosemont at Olmos Park		Cap		Cap Floating Rate	6/20/13	7/1/17		15,100,000	One-Month LIBOR	0.15	%	2.00	%		146,566		164,538
	Meritage at Steiner Ranch		Cap		Cap Floating Rate	8/6/13	9/1/17		55,500,000	One-Month LIBOR	0.15	%	2.00	%		631,238		715,411
	Tapestry Park		Cap		Cap Floating Rate	9/23/13	10/1/17		23,100,000	One-Month LIBOR	0.15	%	3.56	%		130,290		154,735
	Stuart Hall		Cap		Cap Floating Rate	8/27/13	9/1/17		12,407,000	One-Month LIBOR	0.15	%	3.50	%		44,271		62,083
	BriceGrove Park		Cap		Cap Floating Rate	9/24/13	10/1/17		14,985,000	One-Month LIBOR	0.15	%	3.42	%		92,530		110,612
	Landing at Mansfield		Cap		Cap Floating Rate	9/27/13	10/1/17		22,750,000	One-Month LIBOR	0.15	%	2.50	%		215,764		251,548
	The Heights		Cap		Cap Floating Rate	9/30/13	10/1/17		29,014,000	One-Month LIBOR	0.15	%	2.50	%		260,106		312,618
	Villas at Huffmeister		Cap		Cap Floating Rate	10/10/13	11/1/17		25,963,000	One-Month LIBOR	0.15	%	2.50	%		253,010		303,798
	Villas at Kingwood		Cap		Cap Floating Rate	10/10/13	11/1/17		28,105,000	One-Month LIBOR	0.15	%	2.50	%		273,883		328,862
	Waterford Place at Riata Ranch		Cap		Cap Floating Rate	10/10/13	11/1/17		16,340,000	One-Month LIBOR	0.15	%	2.50	%		159,233		191,198
	Carrington		Cap		Cap Floating	11/7/13	11/30/14		22,376,000	One-Month	0.15	%	2.00	%		246,767		302,878
	Place				Rate		11/30/15			LIBOR			2.50	%
							11/30/16						3.25	%
							12/1/18						4.10	%
						Effective	Maturity	Notional			Variable		Fixed		Fair Value as of
	Property		Type		Purpose	Date	Date	Amount		Based on	Rate		Rate		Mar 31,  2014		31-Dec-13
	Carrington		Cap		Cap Floating	11/7/13	11/30/14	$	22,959,000	One-Month	0.15	%	2.00	%	$	253,196	$	310,770
	at				Rate		11/30/15			LIBOR			2.50	%
	Champion						11/30/16						3.25	%
	Forest						12/1/18						4.10	%
	Carrington		Cap		Cap Floating	11/7/13	11/30/14		17,717,000	One-Month	0.15	%	2.00	%		195,386		239,815
	Park				Rate		11/30/15			LIBOR			2.50	%
							11/30/16						3.25	%
							12/1/18						4.10	%
	Willow		Cap		Cap Floating	11/20/13	11/30/14		43,500,000	One-Month	0.15	%	2.00	%		295,564		448,006
	Crossing				Rate		11/30/15			LIBOR			2.50	%
							11/30/16						3.25	%
							12/1/18						4.65	%
	Audubon		Cap		Cap Floating	12/27/13	12/31/14		11,760,000	One-Month	0.15	%	2.00	%		87,491		184,362
	Park				Rate		12/31/15			LIBOR			2.75	%
							12/31/16						3.50	%
							12/31/17						4.25	%
							1/1/19						4.75	%
	Mallard		Cap		Cap Floating	12/27/13	12/31/14		27,860,000	One-Month	0.15	%	2.00	%		223,848		350,479
	Crossing				Rate		12/31/15			LIBOR			2.50	%
							12/31/16						3.00	%
							1/1/18						3.40	%
	Renaissance		Cap		Cap Floating	1/9/14	2/1/15		20,440,000	One-Month	0.15	%	2.00	%		156,406		-
	at Carol				Rate		2/1/16			LIBOR			2.50	%
	Stream						2/1/17						3.00	%
							2/1/18						3.64	%
	Mapleshade		Cap		Cap Floating	3/31/14	4/1/15		15,161,000	One-Month	0.15	%	2.50	%		65,101		-
	Park				Rate		4/1/16			LIBOR			3.00	%
							4/1/17						3.57	%
								$	518,879,000						$	4,575,894	$	5,462,561
	The interest rate caps are not designated, nor do they qualify as, cash flow hedges. Accordingly, the Company records any changes in the fair value of the interest rate caps as interest expense. The change in the fair value of the interest rate cap agreements for the three months ended March 31, 2014 resulted in an unrealized loss of $1,189,874, which is included in interest expense in the accompanying consolidated statements of operations.

Pro_Forma_Information_unaudite

Pro Forma Information (unaudited)	3 Months Ended
	Mar. 31, 2014
Pro Forma Information	'
Pro Forma Information	'
		11		Pro Forma Information (unaudited)
	The following table summarizes, on an unaudited basis, the consolidated pro forma results of operations of the Company for the three months ended March 31, 2014 and 2013. The Company acquired three properties during the three months ended March 31, 2014. These properties contributed $1,228,180 of revenues and $504,417 of net loss, including $857,879 of depreciation and amortization, to the Company’s results of operations from the date of acquisition to March 31, 2014. The following unaudited pro forma information for the three months ended March 31, 2014 and 2013 has been provided to give effect to the acquisitions of the properties as if they had occurred on January 1, 2013. This pro forma information does not purport to represent what the actual results of operations of the Company would have been had these acquisitions occurred on this date, nor does it purport to predict the results of operations for future periods.
			Three Months Ended March 31,
			2014		2013
	Revenues		$	46,907,884	$	19,913,779
	Net loss		$	-14,587,328	$	-9,545,832
	Basic and diluted net loss per common share		$	-0.2	$	-0.13
	The pro forma information reflects adjustments for actual revenues and expenses of the properties acquired during the three months ended March 31, 2014 for the respective period prior to acquisition by the Company. Net loss has been adjusted as follows: (1) interest expense has been adjusted to reflect the additional interest expense that would have been charged had the Company acquired the properties on January 1, 2013 under the same financing arrangements that existed as of the acquisition date; (2) depreciation and amortization have been adjusted based on the Company’s basis in the properties; and (3) transaction costs have been adjusted for the acquisition of the properties.

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 31, 2014
Subsequent Events	'
Subsequent Events	'
	12. Subsequent Events
	Distributions Paid
	On April 1, 2014, the Company paid distributions of $4,549,950, which related to distributions declared for each day in the period from March 1, 2014 through March 31, 2014 and consisted of cash distributions paid in the amount of $2,297,080 and $2,252,870 in shares issued pursuant to the DRP.
	On May 1, 2014, the Company paid distributions of $4,417,561which related to distributions declared for each day in the period from April 1, 2014 through April 30, 2014 and consisted of cash distributions paid in the amount of $2,228,083 and $2,189,478 in shares issued pursuant to the DRP.
	Redemption
	On April 30, 2014, the Company redeemed 38,416 shares of its common stock for a total redemption value of $381,757, or $9.88 per share, pursuant to the Company's share repurchase plan.
	Distribution Reinvestment Plan
	On January 3, 2014, the Company filed a Form S-3 with the SEC to offer up to 12,000,000 shares of common stock to existing shareholders pursuant to the DRP. From January 3, 2014 through May 9, 2014, the Company had sold 894,866 shares of its common stock pursuant to the DRP for gross offering proceeds of $8,707,048.
	Refinancing of the Windsor on the River Apartments Loan
	On May 9, 2014, SIR Windsor on the River, LLC (“SIR Windsor”) refinanced an existing loan (the “Acquisition Loan”) secured by a multifamily property located in Cedar Rapids, Iowa, commonly known as the Windsor on the River Apartments, with the proceeds of a loan in the aggregate principal amount of $23,500,000 from PNC Bank, National Association (“PNC”) pursuant to the requirements of the Fannie Mae DUS Supplemental Loan Program. The Windsor Loan is evidenced by a promissory note issued by SIR Windsor in favor of PNC in the aggregate principal amount of $23,500,000 and a Multifamily Loan and Security Agreement between SIR Windsor and PNC (the “Loan Agreement”).
	The proceeds of the Windsor Loan were used by SIR Windsor to redeem the assumed obligations for tax-exempt bonds issued by the Iowa Finance Authority in the amount of $23,500,000.
	Interest on the outstanding principal balance of the Windsor Loan will accrue at a rate of 2.24% until July 1, 2014. The first date of each month thereafter, the interest rate will be calculated as the sum of the current London Inter-Bank Offered Rate (LIBOR) plus 2.09% (the “Interest Rate”). A payment of $43,905 will be due and payable on July 1, 2014. Thereafter, a monthly payment of interest as further described in the Loan Agreement will be due and payable on the first day of each month until June 1, 2015.  Commencing July 1, 2015 until June 1, 2024 (the “Maturity Date”), monthly payments of principal in the amount of $33,754 and interest, as further described in the Loan Agreement, will be due and payable . The entire outstanding principal balance of the Windsor Loan, plus any accrued and unpaid interest thereon, is due and payable in full on the Maturity Date. So long as any monthly payment or any other amount due under the Windsor Loan remains past due for thirty (30) days or more, interest will accrue on the unpaid principal balance of the Windsor Loan at a rate equal to the lesser of (1) the Interest Rate plus 4.0% or (2) the maximum interest rate which may be collected by PNC under applicable law. So long as any payment due under the Windsor Loan is not received by PNC within ten days after such payment is due, SIR Windsor will pay to PNC, immediately and without demand by PNC, a late charge equal to 5.0% of the amount of the payment due. Following the first year of the Windsor Loan, SIR Windsor may voluntarily prepay all, but not less than all, of the unpaid principal balance of the Windsor Loan and all accrued interest thereon and other sums due to PNC under the Windsor Loan on the last  business day of any calendar month during the term of the Windsor Loan, provided that SIR Windsor must provide PNC with at least thirty (30) days (if provided by U.S. Postal Service) or twenty (20) days (if provided by electronic transmission or overnight courier) and not more than sixty (60) days prior written notice of such prepayment. SIR Windsor must also pay a prepayment fee to PNC, calculated in accordance with the terms of the Loan Agreement, in connection with any voluntary prepayment of the Windsor Loan.

Summary_of_Significant_Account

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2014								Mar. 31, 2013
Summary of Significant Accounting Policies	'								'
Principles of Consolidation	'								'
	The consolidated financial statements include the accounts of the Company, the Operating Partnership and its subsidiaries. All significant intercompany balances and transactions are eliminated in consolidation. The financial statements of the Company’s subsidiaries are prepared using accounting policies consistent with those of the Company.
Basis of Presentation	'								'
	The accompanying unaudited consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information as contained within the Financial Accounting Standards Board (“FASB”), Accounting Standards Codification (“ASC”) and the rules and regulations of the SEC, including the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, the unaudited consolidated financial statements do not include all of the information and footnotes required by GAAP for audited financial statements. In the opinion of management, the financial statements for the unaudited interim periods presented include all adjustments that are of a normal and recurring nature and necessary for a fair and consistent presentation of the results of such periods. Operating results for the three months ended March 31, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014. The unaudited consolidated financial statements herein should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2013.
Use of Estimates	'								'
	The preparation of the consolidated financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could materially differ from those estimates.
Fair Value Measurements	'								'
	Under GAAP, the Company is required to measure certain financial instruments at fair value on a recurring basis. In addition, the Company is required to measure other assets and liabilities at fair value on a non-recurring basis (e.g., carrying value of impaired real estate loans receivable and long-lived assets). Fair value is defined as the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The GAAP fair value framework uses a three-tiered approach. Fair value measurements are classified and disclosed in one of the following three categories:
		·		Level 1: unadjusted quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities;
		·		Level 2: quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-derived valuations in which significant inputs and significant value drivers are observable in active markets; and
		·		Level 3: prices or valuation techniques where little or no market data is available that requires inputs that are both significant to the fair value measurement and unobservable.
	When available, the Company utilizes quoted market prices from an independent third-party source to determine fair value and will classify such items in Level 1 or Level 2. In instances where the market is not active, regardless of the availability of a nonbinding quoted market price, observable inputs might not be relevant and could require the Company to make a significant adjustment to derive a fair value measurement. Additionally, in an inactive market, a market price quoted from an independent third party may rely more on models with inputs based on information available only to that independent third party. When the Company determines the market for a financial instrument owned by the Company to be illiquid or when market transactions for similar instruments do not appear orderly, the Company uses several valuation sources (including internal valuations, discounted cash flow analysis and quoted market prices) and will establish a fair value by assigning weights to the various valuation sources.
	The following describes the valuation methodologies used by the Company to measure fair value, including an indication of the level in the fair value hierarchy in which each asset or liability is generally classified.
	Interest rate caps - These derivatives did not qualify as fair value hedges. Fair value was based on a model-driven valuation using the associated variable rate curve and an implied market volatility, both of which were observable at commonly quoted intervals for the full term of the caps. Therefore, the Company’s interest rate caps were classified within Level 2 of the fair value hierarchy and are included in deferred financing costs and other assets in the accompanying consolidated balance sheets.
	The following table reflects the Company’s assets required to be measured at fair value on a recurring basis on the consolidated balance sheets:
			31-Mar-14
			Fair Value Measurements Using
			Level 1		Level 2		Level 3
	Assets:
	Interest rate caps		$	—	$	4,575,894	$	—
			31-Dec-13
			Fair Value Measurements Using
			Level 1		Level 2		Level 3
	Assets:
	Interest rate caps		$	—	$	5,462,561	$	—
	Changes in assumptions or estimation methodologies can have a material effect on these estimated fair values. In this regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, may not be realized in an immediate settlement of the instrument.
Fair Value of Financial Instruments	'								'
	The accompanying consolidated balance sheets include the following financial instruments: cash and cash equivalents, restricted cash, rents and other receivables, accounts payable and accrued liabilities, due to affiliates and notes payable.
	The Company considers the carrying value of cash and cash equivalents, restricted cash, rents and other receivables, accounts payable and accrued liabilities and the revolving line of credit to approximate the fair value of these financial instruments based on the short duration between origination of the instruments and their expected realization. The fair value of amounts due to affiliates is not determinable due to the related party nature of such amounts.
	The fair value of the mortgage notes payable is estimated using a discounted cash flow analysis using borrowing rates available to the Company for debt instruments with similar terms and maturities. As of March 31, 2014 and December 31, 2013, the fair value of the mortgage notes payable was $1,021,079,209 and $965,681,419, respectively, compared to the carrying value of $1,036,131,050 and $987,329,800, respectively. The Company has determined that its mortgage notes payable are classified as Level 3 within the fair value hierarchy.
Distribution Policy	'								'
	The Company has elected to be taxed as a REIT and to operate as a REIT beginning with its taxable year ending December 31, 2010. To maintain its qualification as a REIT, the Company intends to make distributions each taxable year equal to at least 90% of its REIT taxable income (which is determined without regard to the dividends paid deduction or net capital gain and which does not necessarily equal net income as calculated in accordance with GAAP). Distributions were based on daily record dates and calculated at a rate of $0.001964 per share per day. Each day during the period from January 1, 2014 through March 31, 2014 was a record date for distributions.
	Distributions to stockholders are determined by the board of directors of the Company and are dependent upon a number of factors relating to the Company, including funds available for the payment of distributions, financial condition, the timing of property acquisitions, capital expenditure requirements and annual distribution requirements in order for the Company to qualify as a REIT under the Internal Revenue Code. During the three months ended March 31, 2014 and 2013, the Company declared distributions totaling $0.177 and $0.177 per share of common stock, respectively.
Per Share Data	'								'
	Basic earnings (loss) per share attributable for all periods presented are computed by dividing net income (loss) attributable to controlling interest by the weighted average number of shares of the Company’s common stock outstanding during the period. Diluted earnings (loss) per share are computed based on the weighted average number of shares of the Company’s common stock and all potentially dilutive securities, if any. Distributions declared per common share assumes each share was issued and outstanding each day during the period. Nonvested shares of the Company’s restricted common stock give rise to potentially dilutive shares of the Company’s common stock but such shares were excluded from the computation of diluted earnings per share because such shares were anti-dilutive during the period.
Segment Disclosure	'								'
	The Company has determined that it has one reportable segment with activities related to investing in multifamily properties. The Company’s investments in real estate are in different geographic regions, and management evaluates operating performance on an individual asset level. However, as each of the Company’s assets has similar economic characteristics, tenants and products and services, its assets have been aggregated into one reportable segment.
Recently Issued Accounting Standards Updates	'								'
									In April 2014, the FASB issued ASU No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360: Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (“ASU No. 2014-08”). ASU No. 2014-08 limits discontinued operations reporting to disposals of components of an entity that represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results when any of the following occurs: (a) the component of an entity or group of components of an entity meets the criteria to be classified as held for sale; (b) the component of an entity or group of components of an entity is disposed of by sale; and (c) the component of an entity or group of components of an entity is disposed of other than by sale. ASU No. 2014-08 also requires additional disclosures about discontinued operations. ASU No. 2014-08 is effective for reporting periods beginning after December 15, 2014. Early adoption is permitted, but only for disposals (or classifications as held for sale) that have not been reported in financial statements previously issued or available for issuance. The Company early adopted ASU No. 2014-08 for the reporting period beginning January 1, 2014. As a result of the adoption of ASU No. 2014-08, properties that are classified as held for sale in the ordinary course of business on or subsequent to January 1, 2014 would generally be included in continuing operations on the Company’s consolidated statements of operations. As there are no properties currently classified as held for sale, the adoption of ASU No. 2014-08 did not have an impact on the presentation of the Company’s consolidated financial statements.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2014
Summary of Significant Accounting Policies	'
Schedule of assets measured at fair value on a recurring basis	'
		31-Mar-14
		Fair Value Measurements Using
		Level 1		Level 2		Level 3
	Assets:
	Interest rate caps	$	—	$	4,575,894	$	—
		31-Dec-13
		Fair Value Measurements Using
		Level 1		Level 2		Level 3
	Assets:
	Interest rate caps	$	—	$	5,462,561	$	—

Real_Estate_Tables

Real Estate (Tables)	3 Months Ended
	Mar. 31, 2014
Real Estate	'
Schedule of purchase price allocation	'
											Tenant
											Origination and
			Purchase					Building and			Absorption			Total Purchase
	Property Name		Date		Land			Improvements			Costs			Price
	Sycamore Terrace Apartments (Phase II)		3/5/14		$	381,657		$	6,190,931		$	101,569		$	6,674,157
	Reserve at Creekside Village		3/28/14			1,344,233			17,178,743			352,024			18,875,000
	Mapleshade Park		3/31/14			3,585,171			19,131,230			608,599			23,325,000
					$	5,311,061		$	42,500,904		$	1,062,192		$	48,874,157
Schedule of consolidated real estate properties and related intangibles	'
			31-Mar-14
			Assets														Liabilities
									Tenant			Other
						Building and			Origination and			Intangible					Below-Market
			Land			Improvements			Absorption			Assets			Total Real Estate		Leases
	Investments in real estate		$	169,517,183		$	1,384,674,134		$	9,385,955		$	2,644,263		$	1,566,221,535	$	—
	Less: Accumulated depreciation and amortization			—			-55,485,349			-6,168,745			-124,820			-61,778,914		—
	Net investments in real estate and related lease intangibles		$	169,517,183		$	1,329,188,785		$	3,217,210		$	2,519,443		$	1,504,442,621	$	—
			31-Dec-13
			Assets														Liabilities
									Tenant			Other
						Building and			Origination and			Intangible					Below-Market
			Land			Improvements			Absorption			Assets			Total Real Estate		Leases
	Investments in real estate		$	164,206,122		$	1,337,362,574		$	15,670,519		$	2,644,263		$	1,519,883,478	$	-1,410,728
	Less: Accumulated depreciation and amortization			—			-41,619,747			-7,214,044			-86,528			-48,920,319		1,247,491
	Net investments in real estate and related lease intangibles		$	164,206,122		$	1,295,742,827		$	8,456,475		$	2,557,735		$	1,470,963,159	$	-163,237
Future amortization of the Company's acquired other intangible assets	'
	April 1 through December 31, 2014	$	114,876
	2015		153,168
	2016		153,168
	2017		153,168
	2018		153,168
	Thereafter		1,791,896
		$	2,519,444
Schedule of future minimum rental payments for non-cancelable operating leases	'
	April 1 through December 31, 2014	$	246,019
	2015		270,747
	2016		244,283
	2017		245,191
	2018		84,372
	Thereafter		12,762
		$	1,103,374

Deferred_Financing_Costs_and_O1

Deferred Financing Costs and Other Assets (Tables)	3 Months Ended
	Mar. 31, 2014
Deferred Financing Costs and Other Assets	'
Schedule of deferred financing costs and other assets	'
		March 31,		December 31,
		2014		2013
	Deferred financing costs	$	8,707,176	$	8,440,169
	Less: accumulated amortization		-1,599,974		-1,235,886
			7,107,202		7,204,283
	Prepaid expenses		1,933,654		3,142,924
	Interest rate caps		4,575,894		5,462,561
	Escrow deposits for pending real estate acquisitions		—		500,000
	Deposits		1,404,496		1,265,642
		$	15,021,246	$	17,575,410

Debt_Tables

Debt (Tables)	3 Months Ended
	Mar. 31, 2014
Debt	'
Schedule of mortgage notes payable secured by real property	'
									Principal Outstanding at
				Payment	Maturity		Interest			March 31,			December 31,
		Property Name		Type	Date		Rate(1)		2014			2013
	1	Lincoln Tower Property		Principal and interest	May 1, 2019		3.66%		$	8,376,991		$	8,434,054
	2	Park Place Property(2)		Interest only	1-Jul-18		3.50%			4,938,136			4,938,136
	3	Arbor Pointe Property		Principal and interest	June 1, 2018		4.86%			4,984,533			5,006,199
	4	Clarion Park Property		Principal and interest	July 1, 2018		4.58%			8,593,348			8,632,301
	5	Cooper Creek Property		Principal and interest(3)	September 1, 2018		3.89%			6,593,337			6,624,725
	6	Truman Farm Villas Property		Principal and interest(3)	January 1, 2019		3.78%			5,790,881			5,818,457
	7	Prairie Walk Property		Principal and interest(3)	January 1, 2019		3.74%			3,881,198			3,899,807
	8	EBT Lofts Property		Principal and interest(3)	January 1, 2019		3.82%			5,473,545			5,499,432
	9	Windsor Property(11)		Interest only	May 1, 2042		Variable(4)			23,500,000			23,500,000
	10	Renaissance Property(5)		Principal and interest(3)	January 1, 2023		3.85%			9,056,107			9,084,000
	11	Spring Creek Property(10)		Principal and interest	February 1, 2018		4.88%			13,827,788			13,912,669
	12	Montclair Parc Property		Principal and interest	May 1, 2019		3.70%			24,184,603			24,305,671
	13	Sonoma Grande Property		Principal and interest(6)	June 1, 2019		3.31%			22,540,000			22,540,000
	14	Estancia Property(10)		Interest only	October 1, 2017(7)		5.94%			21,754,846			21,844,621
									Principal Outstanding at
				Payment	Maturity		Interest			March 31,			December 31,
		Property Name		Type	Date		Rate(1)		2014			2013
	15	Montelena Property(10)		Principal and interest(8)	August 1, 2018		4.82%		$	12,532,534		$	12,614,683
	16	Valley Farms Property		Principal and interest	January 1, 2020		4.25%			10,199,716			10,244,494
	17	Hilliard Park Property		Principal and interest(3)	October 1, 2022		3.62%			13,753,989			13,818,616
	18	Hilliard Summit Property		Principal and interest(3)	October 1, 2022		3.56%			16,670,108			16,749,262
	19	Springmarc Property		Principal and interest(3)	November 1, 2019		3.69%			15,375,394			15,446,452
	20	Ashley Oaks Property(11)		Principal and interest(3)	November 1, 2021		1-Mo LIBOR			21,584,038			21,680,010
							2.35%
	21	Arrowhead Property		Principal and interest(3)	December 1, 2019		3.38%			12,501,281			12,562,000
	22	The Moorings Property		Principal and interest(3)	December 1, 2019		3.37%			15,113,465			15,187,000
	23	Forty-57 Property		Principal and interest(9)	January 1, 2023		3.73%			38,500,000			38,500,000
	24	Keystone Farms Property		Principal and interest(3)	January 1, 2023		3.86%			6,180,993			6,200,000
	25	Riverford Crossing Property		Principal and interest(9)	January 1, 2023		3.78%			21,900,000			21,900,000
	26	Montecito Property		Principal and interest(3)	January 1, 2020		3.47%			14,203,481			14,250,000
	27	Hilliard Grand Property		Principal and interest	August 1, 2052		5.59%			28,996,841			29,050,224
	28	The Hills at Fair Oaks		Principal and interest(9)	February 1, 2023		4.02%			24,767,000			24,767,000
	29	Library Lofts		Principal and interest	April 1, 2020		3.66%			9,070,165			9,113,640
	30	Trails at Buda Ranch(11)		Principal and interest(3)	April 1, 2023		1-Mo LIBOR			17,030,000			17,030,000
							2.42%
	31	Deep Deuce at Bricktown Apartments(10)		Principal and interest	April 1, 2018		5.04%			24,425,798			24,603,299
									Principal Outstanding at
				Payment	Maturity		Interest			March 31,			December 31,
		Property Name		Type	Date		Rate(1)		2014			2013
	32	Deep Deuce at Bricktown - Supplemental Loan		Principal and interest	April 1, 2018		4.73%		$	2,768,803		$	2,779,688
	33	Deer Valley(11)		Principal and interest(3)	1-May-23		1-Mo LIBOR			20,875,000			20,875,000
							2.40%
	34	Grayson Ridge(11)		Principal and interest(3)	1-Jul-20		1-Mo LIBOR			10,725,000			10,725,000
							2.63%
	35	Rosemont at Olmos Park(11)		Principal and interest(3)	1-Jul-20		1-Mo LIBOR			15,100,000			15,100,000
							2.65%
	36	Retreat at Quail North(10)		Principal and interest	January 1, 2053		4.80%			17,151,210			17,190,827
	37	The Lodge at Trails Edge(10)		Principal and interest	1-Nov-20		4.47%			10,909,405			10,965,388
	38	The Lodge at Trails Edge - Supplemental Loan		Principal and interest	1-Nov-20		5.75%			1,930,009			1,936,199
	39	Arbors of Carrollton(10)		Principal and interest	1-Dec-20		4.83%			5,368,521			5,395,471
	40	Arbors of Carrollton - Supplemental Loan		Principal and interest	1-Dec-20		4.83%			982,730			986,624
	41	Waterford on the Meadow(10)		Principal and interest	1-Dec-20		4.70%			14,086,347			14,154,991
	42	Waterford on the Meadow - Supplemental Loan		Principal and interest	1-Dec-20		4.78%			2,750,198			2,761,194
	43	The Belmont(10)		Principal and interest	1-Mar-21		5.91%			9,446,636			9,498,460
	44	Meritage at Steiner Ranch(11)		Principal and interest(3)	September 1, 2020		1-Mo LIBOR			55,500,000			55,500,000
							2.47%
	45	Tapestry Park(11)		Principal and interest(3)	1-Oct-20		1-Mo LIBOR			23,100,000			23,100,000
							2.44%
	46	Dawntree(10)		Principal and interest(12)	6-Aug-21		5.48%			15,991,021			16,022,763
									Principal Outstanding at
			Payment	Maturity		Interest			March 31,			December 31,
	Property Name		Type	Date		Rate(1)		2014			2013
47	Stuart Hall(11)		Principal and interest(3)	1-Sep-20		1-Mo LIBOR		$	12,407,000		$	12,407,000
						2.75%
48	BriceGrove Park(11)		Principal and interest(3)	October 1, 2020		1-Mo LIBOR			14,985,000			14,985,000
						2.58%
49	Landing at Mansfield(11)		Principal and interest(3)	October 1, 2020		1-Mo LIBOR			22,750,000			22,750,000
						+  2.69%
50	The Heights(11)		Principal and interest(3)	October 1, 2020		1-Mo LIBOR			29,014,000			29,014,000
						+  2.60%
51	Villas at Huffmeister(11)		Principal and interest(3)	1-Nov-20		1-Mo LIBOR			25,963,000			25,963,000
						2.68%
52	Villas at Kingwood(11)		Principal and interest(3)	1-Nov-20		1-Mo LIBOR			28,105,000			28,105,000
						2.68%
53	Waterford Place at Riata Ranch(11)		Principal and interest(3)	1-Nov-20		1-Mo LIBOR			16,340,000			16,340,000
						2.64%
54	Carrington Place(11)		Principal and interest(9)	December 1, 2023		1-Mo LIBOR			22,376,000			22,376,000
						2.16%
55	Carrington at Champion Forest(11)		Principal and interest(9)	December 1, 2023		1-Mo LIBOR			22,959,000			22,959,000
						2.16%
56	Carrington Park(11)		Principal and interest(9)	December 1, 2023		1-Mo LIBOR			17,717,000			17,717,000
						2.16%
57	Willow Crossing(11)		Principal and interest(9)	December 1, 2023		1-Mo LIBOR			43,500,000			43,500,000
						2.20%
58	Heritage Grand at Sienna Plantation(10)		Principal and interest	January 1, 2053		4.65%			16,809,054			16,845,443
59	Audubon Park(11)		Principal and interest(9)	January 1, 2024		1-Mo LIBOR			11,760,000			11,760,000
						2.41%
60	Mallard Crossing(11)		Principal and interest(3)	January 1, 2021		1-Mo LIBOR			27,860,000			27,860,000
						2.57%
61	Renaissance Carol Stream(11)		Principal and interest(3)	1-Feb-21		1-Mo LIBOR			20,440,000			—
						2.36%
62	Mapleshade Park(11)		Principal and interest(13)	1-Apr-21		1-Mo LIBOR			15,161,000			—
						2.15%
								$	1,021,131,050		$	987,329,800
	-1		Except as otherwise noted, interest on the notes accrues at a fixed rate per annum. At March 31, 2014, the weighted-average interest rate of our fixed rate debt and variable rate debt was 4.29% and 2.61%, respectively. The weighted-average interest rate of our blended fixed and variable rates was 3.43% at March 31, 2014.
	-2		On June 18, 2013, the loan was modified to extend the maturity date to July 1, 2018 and the interest rate was reduced to a fixed rate per annum of 3.50%.
	-3		A monthly payment of interest only is due and payable for twelve months from the loan date, after which, a monthly payment of principal and interest is due and payable until the maturity date.
	-4		The loan was originally funded with proceeds from the issuance of Iowa Finance Authority Variable Rate Demand Multifamily Housing Revenue Bonds (Windsor on the River, LLC Project), Series 2007A in the original aggregate principal amount of $24,000,000 (the “Bonds”) pursuant to an Indenture of Trust dated May 1, 2007 (the “Indenture”) by and between the issuer and The Bank of New York Mellon Trust Company, N.A. (the “Bond Trustee”), as trustee for the holders of the Bonds. The Company is required to pay, or cause to be paid, to the Bond Trustee on each date on which any payment of the principal of, premium, if any, or interest on the Bonds is due (whether on an interest payment date, at maturity or upon redemption or acceleration), an amount which, together with the funds held by the Bond Trustee in a bond fund, will be sufficient to enable the Bond Trustee to pay the principal of, premium, if any, and interest on the Bonds due on such date. The loan will bear interest at a rate equal to the interest rate borne from time to time by the Bonds, calculated on the same basis and to be paid by the Company at the same time as interest on the Bonds is calculated and paid from time to time. Interest on the Bonds is calculated by the remarketing agent and is equal to the interest rate per annum, which in the professional judgment of the remarketing agent having due regard for prevailing market conditions, would be the minimum interest rate necessary to cause the sale of the Bonds on the first day of an interest period at a price equal to 100% of the principal amount of the Bonds plus accrued interest. The Bonds currently bear interest at a weekly rate.
	-5		On December 27, 2012, the Company refinanced the existing mortgage loan secured by the Renaissance St. Andrews Property with the proceeds of a new mortgage loan in the aggregate principal amount of $9,084,000. A portion of the proceeds from the new loan were used to retire $7,000,000 of principal and accrued interest outstanding on the existing mortgage loan.
	-6		A monthly payment of interest only is due and payable through June 1, 2014, after which, a monthly payment of principal and interest is due and payable until the maturity date.
	-7		The Company has the option to extend the maturity date to October 1, 2018, subject to customary and market rate extension provisions.
	-8		A monthly payment of interest only is due and payable through August 1, 2013, after which, a monthly payment of principal and interest is due and payable until the maturity date.
	-9		A monthly payment of interest only is due and payable for 24 months from the loan date, after which, a monthly payment of principal and interest is due and payable until the maturity date.
	-10		The following table summarizes the debt premiums and discounts as of March 31, 2014 including the unamortized portion included in the principal balance as well as the amounts amortized as an offset to interest expense in the accompanying consolidated statements of operations:
		Unamortized Portion
		of Debt Premium		Amortization of Debt Premium (Discount)
		(Discount) as of		Three Months Ended March 31,
Property Name		31-Mar-14		2014			2013
Spring Creek		$	389,720	$	25,357		$	25,357
Estancia			1,254,846		89,774			89,774
Montelena			634,836		36,592			36,592
Deep Deuce at Bricktown			1,257,384		78,799			3,389
Retreat at Quail North			466,960		3,009			—
The Lodge at Trails Edge			105,066		3,968			—
Arbors of Carrollton			166,255		6,235			—
Waterford on the Meadow			336,319		12,612			—
The Belmont			650,202		23,556			—
Dawntree			809,016		31,746			—
Heritage Grand at Sienna Plantation			-457,712		-2,949			—
		$	5,612,892	$	308,699		$	155,112
	-11		See Note 10 for a discussion of the interest rate caps used to manage the exposure to interest rate movement on the Company’s variable rate loans.
	-12		A monthly payment of interest only is due and payable through August 6, 2014, after which, a monthly payment of principal and interest is due and payable until the maturity date.
	-13		A monthly payment of interest only is due and payable for 36 months from the loan date, after which, a monthly payment of principal and interest is due and payable until the maturity date.
Schedule of debt premiums and discounts	'
			Unamortized Portion
			of Debt Premium		Amortization of Debt Premium (Discount)
			(Discount) as of		Three Months Ended March 31,
	Property Name		31-Mar-14		2014			2013
	Spring Creek		$	389,720	$	25,357		$	25,357
	Estancia			1,254,846		89,774			89,774
	Montelena			634,836		36,592			36,592
	Deep Deuce at Bricktown			1,257,384		78,799			3,389
	Retreat at Quail North			466,960		3,009			—
	The Lodge at Trails Edge			105,066		3,968			—
	Arbors of Carrollton			166,255		6,235			—
	Waterford on the Meadow			336,319		12,612			—
	The Belmont			650,202		23,556			—
	Dawntree			809,016		31,746			—
	Heritage Grand at Sienna Plantation			-457,712		-2,949			—
			$	5,612,892	$	308,699		$	155,112
Schedule of aggregate maturities	'
								Maturities During the Years Ending December 31,
						Remainder of
	Contractual Obligation		Total		2014			2015			2016			2017		2018		Thereafter
	Principal payments on outstanding debt obligations(1)		$	1,036,131,050	$	22,982,474		$	16,076,177		$	18,161,365		$	39,759,954	$	88,605,794	$	850,545,286

Stockholders_Equity_Tables

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2014
Stockholders' Equity	'
Schedule of Repurchase Prices Under Share Repurchase Plan	'
			Repurchase Price
	Share Purchase Anniversary		on Repurchase Date(1)
	Less than 1 year		No Repurchase Allowed
	1 year		92.5% of Estimated Value per Share(4)
	2 years		95.0% of Estimated Value per Share(4)
	3 years		97.5% of Estimated Value per Share(4)
	4 years		100.0% of Estimated Value per Share(4)
	In the event of a stockholder’s death or disability(2)		Average Issue Price for Shares(3)
		-1		As adjusted for any stock dividends, combinations, splits, recapitalizations or any similar transaction with respect to the shares of common stock.
		-2		The required one year holding period to be eligible to redeem shares under the Company’s share repurchase plan does not apply in the event of death or disability of a stockholder. For purposes of the Company’s share repurchase plan a “disability” means (a) the stockholder has received a determination of disability based upon a physical or mental condition or impairment arising after the date the stockholder acquired the shares to be redeemed, and (b) the determination of such disability was made by the governmental agency responsible for reviewing and awarding the disability retirement benefits that the stockholder could be eligible to receive, which the Company refers to as the “applicable governmental agency.” The applicable governmental agencies are limited to the following: (i) the Social Security Administration; (ii) the U.S. Office of Personnel Management with respect to disability benefits under the Civil Service Retirement System, or CSRS; or (iii) the Veteran’s Administration; and in each case, the agency charged with administering disability benefits at that time on behalf of one of the applicable governmental agencies. Disability determinations by governmental agencies other than those listed above, including, but not limited to, worker’s compensation insurance or the administration or enforcement of the Rehabilitation Act of 1973, as amended, or the ADA will not entitle a stockholder to the terms available for the repurchase of shares. Repurchase requests following an award by the applicable governmental agency of disability, such as the Social Security Administration Notice of Award, a U.S. Office of Personnel Management determination of disability under CSRS, a Veteran’s Administration record of disability-related discharge, as the case may be, or such other documentation issued by the applicable governmental agency that the Company deems acceptable and demonstrates an award of the disability benefits. As the following disabilities generally do not entitle a worker to Social Security or related disability benefits, they will not qualify as a “disability” for purposes of the Company’s share repurchase plan: (a) disabilities occurring after the legal retirement age; (b) temporary disabilities; and (c) disabilities that do not render a worker incapable of performing substantial gainful activity. However, where a stockholder requests the repurchase of shares due to a disability and the stockholder does not have a disability that meets the definition described above, but is subject to similar circumstances, the Company’s board of directors may repurchase the stockholder’s shares, in its sole discretion.
		-3		The purchase price per share for shares redeemed upon the death or disability of a stockholder will be equal to the average issue price per share for all of the stockholder’s shares.
		-4		For purposes of the share repurchase plan, the “Estimated Value per Share” will equal the purchase price until the day the Company publicly discloses, subsequent to completion of the offering stage, a new Estimated Value per Share. The Estimated Value per Share is determined by the board of directors, based on periodic valuations by independent third-party appraisers and qualified independent valuation experts selected by the Advisor. The Company considered the offering stage to have completed upon the termination of the Public Offering on December 20, 2013.

Related_Party_Arrangements_Tab

Related Party Arrangements (Tables)	3 Months Ended
	Mar. 31, 2014
Related Party Arrangements	'
Schedule of Related Party Transactions	'
	Amounts attributable to the Advisor and its affiliates incurred and paid for the three months ended March 31, 2014 and 2013 are as follows:
		Incurred For the Three Months					Paid For the Three Months
		Ended March 31,					Ended March 31,
		2014			2013		2014		2013
	Consolidated Statements of Operations:
	Expensed
	Investment management fees(1)	$	3,174,296		$	1,256,596	$	3,267,874	$	1,256,596
	Acquisition fees(1)		1,579,677			2,222,318		989,747		1,932,660
	Acquisition expenses(2)		209,204			1,671,768		76,681		422,461
	Property management
	Fees(1)		1,353,298			548,853		1,291,118		516,451
	Reimbursement of onsite personnel(3)		4,091,180			1,456,994		3,425,106		1,395,827
	Other fees(1)		396,553			158,359		399,338		136,721
	Other operating expenses(4)		223,678			187,738		130,668		223,449
	Consolidated Balance Sheets:
	Capitalized to real estate
	Construction management fees		229,142			—		229,142		—
	Additional paid-in-capital
	Other offering costs reimbursement		—			2,514,262		3,105,247		2,497,871
	Selling commissions		—			3,065,168		—		3,065,168
	Dealer management fees		—			1,698,582		—		1,698,582
		$	11,257,028		$	14,780,638	$	12,914,921	$	13,145,786
		-1		Included in fees to affiliates in the accompanying consolidated statements of operations for the three months ended March 31, 2014 and 2013.
		-2		Included in acquisition costs in the accompanying consolidated statements of operations for the three months ended March 31, 2014 and 2013.
		-3		Included in operating, maintenance and management in the accompanying consolidated statements of operations for the three months ended March 31, 2014 and 2013.
		-4		Included in general and administrative expenses in the accompanying consolidated statements of operations for the three months ended March 31, 2014 and 2013.
	Amounts attributable to the Advisor and its affiliates that are payable as of March 31, 2014 and December 31, 2013 are as follows:
		Payable as of
		31-Mar-14			31-Dec-13
	Consolidated Statements of Operations:
	Expensed
	Investment management fees(1)	$	4,436,464		$	4,530,042
	Acquisition fees(2)		1,238,352			648,422
	Acquisition expenses		132,523			—
	Property management
	Fees		478,761			416,581
	Reimbursement of onsite personnel		1,234,925			568,851
	Other fees		42,435			45,220
	Other operating expenses		100,686			7,676
	Consolidated Balance Sheets:
	Additional paid-in-capital
	Other offering costs reimbursement		—			3,105,246
	Due to affiliates, net	$	7,664,146		$	9,322,038
		-1		Investment management fees earned by the Advisor totaling $4,351,578 and $4,351,578 were deferred as of March 31, 2014 and December 31, 2013, respectively, pursuant to the terms of the Advisory Agreement. The remaining investment management fees of $84,886 and $178,464 were due and payable and are included in due to affiliates in the accompanying consolidated balance sheets at March 31, 2014 and December 31, 2013, respectively.
		-2		Acquisition fees earned by the Advisor totaling $648,422 and $648,422 were deferred as of March 31, 2014 and December 31, 2013, respectively, pursuant to the terms of the Advisory Agreement. The remaining acquisition fees of $589,930 and $0 were due and payable and are included in due to affiliates in the accompanying consolidated balance sheets at March 31, 2014 and December 31, 2013, respectively.

Derivative_Financial_Instrumen1

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2014
Derivative Financial Instruments	'
Schedule of Interest Rate Derivatives	'
				Effective	Maturity	Notional			Variable		Fixed		Fair Value as of
	Property	Type	Purpose	Date	Date	Amount		Based on	Rate		Rate		Mar 31,  2014		31-Dec-13
	Windsor on	Cap	Cap Floating	2/9/12	2/1/17	$	23,500,000	SIFMA	0.06	%	3.00	%	$	69,731	$	121,310
	the River		Rate		2/1/19			Municipal Swap Index			5.00	%
	Ashley Oaks	Cap	Cap Floating Rate	10/24/11	11/1/16		21,712,000	One-Month LIBOR	0.15	%	5.00	%		14,495		19,729
	Trails at Buda Ranch	Cap	Cap Floating Rate	3/28/13	4/1/18		17,030,000	One-Month LIBOR	0.15	%	2.00	%		286,847		335,483
	Deer Valley	Cap	Cap Floating Rate	4/30/13	5/1/18		20,875,000	One-Month LIBOR	0.15	%	2.00	%		374,308		439,064
	Grayson Ridge	Cap	Cap Floating Rate	6/26/13	7/1/17		10,725,000	One-Month LIBOR	0.15	%	2.00	%		99,863		115,262
	Rosemont at Olmos Park	Cap	Cap Floating Rate	6/20/13	7/1/17		15,100,000	One-Month LIBOR	0.15	%	2.00	%		146,566		164,538
	Meritage at Steiner Ranch	Cap	Cap Floating Rate	8/6/13	9/1/17		55,500,000	One-Month LIBOR	0.15	%	2.00	%		631,238		715,411
	Tapestry Park	Cap	Cap Floating Rate	9/23/13	10/1/17		23,100,000	One-Month LIBOR	0.15	%	3.56	%		130,290		154,735
	Stuart Hall	Cap	Cap Floating Rate	8/27/13	9/1/17		12,407,000	One-Month LIBOR	0.15	%	3.50	%		44,271		62,083
	BriceGrove Park	Cap	Cap Floating Rate	9/24/13	10/1/17		14,985,000	One-Month LIBOR	0.15	%	3.42	%		92,530		110,612
	Landing at Mansfield	Cap	Cap Floating Rate	9/27/13	10/1/17		22,750,000	One-Month LIBOR	0.15	%	2.50	%		215,764		251,548
	The Heights	Cap	Cap Floating Rate	9/30/13	10/1/17		29,014,000	One-Month LIBOR	0.15	%	2.50	%		260,106		312,618
	Villas at Huffmeister	Cap	Cap Floating Rate	10/10/13	11/1/17		25,963,000	One-Month LIBOR	0.15	%	2.50	%		253,010		303,798
	Villas at Kingwood	Cap	Cap Floating Rate	10/10/13	11/1/17		28,105,000	One-Month LIBOR	0.15	%	2.50	%		273,883		328,862
	Waterford Place at Riata Ranch	Cap	Cap Floating Rate	10/10/13	11/1/17		16,340,000	One-Month LIBOR	0.15	%	2.50	%		159,233		191,198
	Carrington	Cap	Cap Floating	11/7/13	11/30/14		22,376,000	One-Month	0.15	%	2.00	%		246,767		302,878
	Place		Rate		11/30/15			LIBOR			2.50	%
					11/30/16						3.25	%
					12/1/18						4.10	%
				Effective	Maturity	Notional			Variable		Fixed		Fair Value as of
	Property	Type	Purpose	Date	Date	Amount		Based on	Rate		Rate		Mar 31,  2014		31-Dec-13
	Carrington	Cap	Cap Floating	11/7/13	11/30/14	$	22,959,000	One-Month	0.15	%	2.00	%	$	253,196	$	310,770
	at		Rate		11/30/15			LIBOR			2.50	%
	Champion				11/30/16						3.25	%
	Forest				12/1/18						4.10	%
	Carrington	Cap	Cap Floating	11/7/13	11/30/14		17,717,000	One-Month	0.15	%	2.00	%		195,386		239,815
	Park		Rate		11/30/15			LIBOR			2.50	%
					11/30/16						3.25	%
					12/1/18						4.10	%
	Willow	Cap	Cap Floating	11/20/13	11/30/14		43,500,000	One-Month	0.15	%	2.00	%		295,564		448,006
	Crossing		Rate		11/30/15			LIBOR			2.50	%
					11/30/16						3.25	%
					12/1/18						4.65	%
	Audubon	Cap	Cap Floating	12/27/13	12/31/14		11,760,000	One-Month	0.15	%	2.00	%		87,491		184,362
	Park		Rate		12/31/15			LIBOR			2.75	%
					12/31/16						3.50	%
					12/31/17						4.25	%
					1/1/19						4.75	%
	Mallard	Cap	Cap Floating	12/27/13	12/31/14		27,860,000	One-Month	0.15	%	2.00	%		223,848		350,479
	Crossing		Rate		12/31/15			LIBOR			2.50	%
					12/31/16						3.00	%
					1/1/18						3.40	%
	Renaissance	Cap	Cap Floating	1/9/14	2/1/15		20,440,000	One-Month	0.15	%	2.00	%		156,406		-
	at Carol		Rate		2/1/16			LIBOR			2.50	%
	Stream				2/1/17						3.00	%
					2/1/18						3.64	%
	Mapleshade	Cap	Cap Floating	3/31/14	4/1/15		15,161,000	One-Month	0.15	%	2.50	%		65,101		-
	Park		Rate		4/1/16			LIBOR			3.00	%
					4/1/17						3.57	%
						$	518,879,000						$	4,575,894	$	5,462,561

Pro_Forma_Information_unaudite1

Pro Forma Information (unaudited) (Tables)	3 Months Ended
	Mar. 31, 2014
Pro Forma Information	'
Business Acquisition, Pro Forma Information	'
		Three Months Ended March 31,
		2014		2013
	Revenues	$	46,907,884	$	19,913,779
	Net loss	$	-14,587,328	$	-9,545,832
	Basic and diluted net loss per common share	$	-0.2	$	-0.13

Organization_and_Business_Deta

Organization and Business (Details) (USD $)	3 Months Ended	12 Months Ended		0 Months Ended	8 Months Ended	0 Months Ended
	Mar. 31, 2014	Dec. 31, 2013	Sep. 10, 2012	Jun. 12, 2009	Dec. 31, 2009	Jul. 10, 2009
			Common Stock	Common Stock	Common Stock	Convertible Stock
				Steadfast REIT Investments, LLC (the "Sponsor")	Steadfast REIT Investments, LLC (the "Sponsor")	Steadfast Income Advisors, LLC (the "Advisor")
Schedule of Capitalization, Equity [Line Items]	'	'	'	'	'	'
Stock issued during period, shares, new issues	'	'	'	22,223	22,223	1,000
Share price (in dollars per share)	'	'	$10.24	$9	'	'
Stock issued during period, value, new issues	$6,238,330	$523,068,720	'	$200,007	'	$1,000

Organization_and_Business_Real

Organization and Business - Real Estate Owned (Details)	Mar. 31, 2014
	property
Properties	'
Number of multifamily real estate properties owned	65
Number of units in real estate property (in units or apartments)	16,271
Residential Real Estate	'
Properties	'
Number of multifamily real estate properties owned	65
Number of units in real estate property (in units or apartments)	16,271
Commercial Real Estate	'
Properties	'
Net rentable area (in square feet)	30,125

Organization_and_Business_Publ

Organization and Business - Public Offering (Details) (USD $)

3 Months Ended

3 Months Ended

41 Months Ended

3 Months Ended

19 Months Ended

41 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Jan. 03, 2013

Mar. 31, 2014

Mar. 31, 2013

Sep. 10, 2012

Mar. 31, 2012

Dec. 20, 2013

Sep. 10, 2012

Sep. 09, 2012

Jul. 19, 2010

Mar. 31, 2014

Mar. 31, 2014

Dec. 20, 2013

Sep. 10, 2012

Sep. 08, 2012

Jul. 19, 2010

Distribution Reinvestment Plan

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Public Offering

Primary Offering

Primary Offering

Primary Offering

Distribution Reinvestment Plan

Distribution Reinvestment Plan

Distribution Reinvestment Plan

Distribution Reinvestment Plan

Distribution Reinvestment Plan

Distribution Reinvestment Plan

Class of Stock [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Registration statement, maximum number of shares included in offering statement

'

'

12,000,000

'

'

'

'

'

'

'

150,000,000

'

'

'

'

'

15,789,474

Share price (in dollars per share)

'

'

'

'

'

$10.24

'

'

$10.24

$10

$10

'

'

'

$9.73

$9.50

$9.50

Common stock, estimated value, per share (in dollars per share)

'

'

'

'

'

'

$10.24

'

'

'

'

'

'

'

'

'

'

Distributions reinvested, percentage of share price, distribution reinvestment plan

'

'

'

'

'

'

'

'

'

'

'

'

95.00%

'

'

'

'

Common share, distribution rate per share per day, declared (in dollars per share)

$0.00

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock issued during period, shares, new issues

'

'

'

'

'

'

'

73,608,337

'

'

'

'

'

'

'

'

'

Proceeds from issuance of common stock

$26,559,928

$47,846,875

'

'

'

'

'

$745,389,748

'

'

'

'

'

'

'

'

'

Stock issued during period, shares, dividend reinvestment plan

'

'

'

640,030

181,719

'

'

'

'

'

'

2,228,319

'

1,588,289

'

'

'

Proceeds from issuance of common stock, dividend reinvestment plan

'

'

'

'

'

'

'

'

'

'

'

$21,624,720

'

$15,397,232

'

'

'

Summary_of_Significant_Account2

Summary of Significant Accounting Policies - Fair Value Measurements (Details) (Interest Rate Caps, Recurring Basis, Level 2, USD $)	Mar. 31, 2014	Dec. 31, 2013
Interest Rate Caps | Recurring Basis | Level 2	'	'
Assets:	'	'
Interest rate caps	$4,575,894	$5,462,561

Summary_of_Significant_Account3

Summary of Significant Accounting Policies - Fair Value of Financial Instruments(Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Carrying (Reported) Amount	'	'
Fair Value of Financial Instruments	'	'
Notes payable, fair value	$1,036,131,050	$987,329,800
Level 3 | Fair Value	'	'
Fair Value of Financial Instruments	'	'
Notes payable, fair value	$1,021,079,209	$965,681,419

Summary_of_Significant_Account4

Summary of Significant Accounting Policies - Distribution Policy (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Summary of Significant Accounting Policies	'	'
REIT qualifying taxable income distribution percentage	90.00%	'
Common share, distribution rate per share per day, declared (in dollars per share)	$0.00	'
Distributions declared per common share (in dollars per share)	$0.18	$0.18

Summary_of_Significant_Account5

Summary of Significant Accounting Policies - Segment DIsclosure (Details)	3 Months Ended
	Mar. 31, 2014
	segment
Summary of Significant Accounting Policies	'
Number of reportable segments	1

Real_Estate_Acquisitions_Detai

Real Estate - Acquisitions (Details) (USD $)

3 Months Ended

12 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Sep. 20, 2012

Mar. 05, 2014

Mar. 05, 2014

Mar. 05, 2014

Mar. 05, 2014

Mar. 05, 2014

Mar. 05, 2014

Mar. 05, 2014

Mar. 05, 2014

Mar. 28, 2014

Mar. 28, 2014

Mar. 28, 2014

Mar. 28, 2014

Mar. 28, 2014

Mar. 28, 2014

Mar. 28, 2014

Mar. 28, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

sqft

Sycamore Terrace Property (Phase I)

Sycamore Terrace Apartments Phase II

Sycamore Terrace Apartments Phase II

Sycamore Terrace Apartments Phase II

Sycamore Terrace Apartments Phase II

Sycamore Terrace Apartments Phase II

Sycamore Terrace Apartments Phase II

Sycamore Terrace Apartments Phase II

Sycamore Terrace Apartments Phase II

Reserve at Creekside Village

Reserve at Creekside Village

Reserve at Creekside Village

Reserve at Creekside Village

Reserve at Creekside Village

Reserve at Creekside Village

Reserve at Creekside Village

Reserve at Creekside Village

Mapleshade Park

Mapleshade Park

Mapleshade Park

Mapleshade Park

Mapleshade Park

property

property

property

Minimum

Maximum

Weighted-Average

Steadfast Income Advisors, LLC (the "Advisor")

One-bedroom apartments

Two-bedroom apartments

Three-bedroom apartments

property

Minimum

Maximum

Weighted-Average

Steadfast Income Advisors, LLC (the "Advisor")

One-bedroom apartments

Two-bedroom apartments

Three-bedroom apartments

building

Minimum

Maximum

Weighted-Average

Steadfast Income Advisors, LLC (the "Advisor")

sqft

sqft

sqft

property

property

property

building

sqft

sqft

sqft

property

property

property

property

sqft

sqft

sqft

Property acquisitions

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of multifamily real estate properties owned

65

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of units in real estate property (in units or apartments)

16,271

'

'

178

72

'

'

'

'

24

36

12

192

'

'

'

'

48

96

48

148

'

'

'

'

Area of real estate property (in square feet)

30,125

'

'

'

'

905

1,535

1,128

'

'

'

'

'

867

1,342

1,102

'

'

'

'

'

1,101

1,305

1,236

'

Contract purchase price

$1,566,221,535

'

'

'

$6,674,157

'

'

'

'

'

'

'

$18,875,000

'

'

'

'

'

'

'

$23,325,000

'

'

'

'

Average percentage of real estate portfolio occupied

93.60%

'

92.40%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Average monthly collected rent

1,019

'

952

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of buildings

'

'

'

'

'

'

'

'

'

'

'

'

8

'

'

'

'

'

'

'

25

'

'

'

'

Acquisition costs

$616,914

$2,118,488

'

'

'

'

'

'

$134,706

'

'

'

'

'

'

'

$465,021

'

'

'

'

'

'

'

$498,873

Real_Estate_Purchase_Price_All

Real Estate - Purchase Price Allocation (Details) (USD $)	Mar. 31, 2014	Mar. 05, 2014	Mar. 28, 2014	Mar. 31, 2014
	2014 Acquisitions	Sycamore Terrace Apartments Phase II	Reserve at Creekside Village	Mapleshade Park
Property acquisitions	'	'	'	'
Purchase price allocation, land	$5,311,061	$381,657	$1,344,233	$3,585,171
Purchase price allocation, building and improvements	42,500,904	6,190,931	17,178,743	19,131,230
Purchase price allocation, tenant origination and absorption costs	1,062,192	101,569	352,024	608,599
Total purchase price	$48,874,157	$6,674,157	$18,875,000	$23,325,000

Real_Estate_Real_Estate_Intang

Real Estate - Real Estate, Intangibles, Accumulated Depreciation and Amortization (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Consolidated real estate properties and related intangibles - Assets	'	'	'
Investments in real estate	$1,566,221,535	'	$1,519,883,478
Less accumulated depreciation and amortization	-61,778,914	'	-48,920,319
Total real estate, net	1,504,442,621	'	1,470,963,159
Consolidated real estate properties and related intangibles - Liabilities - Below-Market Leases	'	'	'
Investments in real estate	'	'	-1,410,728
Less: Accumulated depreciation and amortization	'	'	1,247,491
Net investments in real estate and related lease intangibles	'	'	-163,237
Real estate properties - other disclosures	'	'	'
Depreciation and amortization	20,205,351	8,723,557	'
Accretion below-market lease intangible liabilities	163,237	258,326	'
Maximum	'	'	'
Real estate properties - other disclosures	'	'	'
Below-market leases, weighted average accretion period	'1 year	'	'
Tenant Origination and Absorption Costs	'	'	'
Consolidated real estate properties and related intangibles - Assets	'	'	'
Investments in real estate	9,385,955	'	15,670,519
Less accumulated depreciation and amortization	-6,168,745	'	-7,214,044
Total real estate, net	3,217,210	'	8,456,475
Real estate properties - other disclosures	'	'	'
Amortization of intangible assets	6,301,018	3,324,704	'
Tenant Origination and Absorption Costs | Maximum	'	'	'
Real estate properties - other disclosures	'	'	'
Weighted average amortization period	'1 year	'	'
Other Intangible Assets	'	'	'
Consolidated real estate properties and related intangibles - Assets	'	'	'
Investments in real estate	2,644,263	'	2,644,263
Less accumulated depreciation and amortization	-124,820	'	-86,528
Total real estate, net	2,519,443	'	2,557,735
Real estate properties - other disclosures	'	'	'
Amortization of intangible assets	38,292	5,891	'
Weighted average amortization period	'18 years 2 months 1 day	'	'
Future amortization of acquired other intangible assets	'	'	'
April 1 through December 31, 2014	114,876	'	'
2015	153,168	'	'
2016	153,168	'	'
2017	153,168	'	'
2018	153,168	'	'
Thereafter	1,791,896	'	'
Future amortization of acquired other intangible assets	2,519,444	'	'
Land	'	'	'
Consolidated real estate properties and related intangibles - Assets	'	'	'
Investments in real estate	169,517,183	'	164,206,122
Total real estate, net	169,517,183	'	164,206,122
Building and Improvements	'	'	'
Consolidated real estate properties and related intangibles - Assets	'	'	'
Investments in real estate	1,384,674,134	'	1,337,362,574
Less accumulated depreciation and amortization	-55,485,349	'	-41,619,747
Total real estate, net	$1,329,188,785	'	$1,295,742,827

Real_Estate_Operating_Leases_D

Real Estate - Operating Leases (Details) (USD $)	3 Months Ended	12 Months Ended	3 Months Ended			12 Months Ended	3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
	property		Residential Real Estate	Residential Real Estate	Commercial Real Estate	Commercial Real Estate	Minimum	Maximum	Maximum	Accounts Payable and Accrued Liabilities	Accounts Payable and Accrued Liabilities
			property				Commercial Real Estate	Residential Real Estate	Commercial Real Estate
Properties	'	'	'	'	'	'	'	'	'	'	'
Number of units in real estate property (in units or apartments)	16,271	'	16,271	'	'	'	'	'	'	'	'
Average percentage of real estate portfolio occupied	93.60%	92.40%	96.00%	'	'	'	'	'	'	'	'
Operating leases, revenue, percentage	'	'	99.00%	99.00%	1.00%	1.00%	'	'	'	'	'
Operating lease term	'	'	'	'	'	'	'1 year	'12 months	'5 years	'	'
Security deposit liability	'	'	'	'	'	'	'	'	'	$3,739,502	$3,560,623
Operating Leases, Future Minimum Payments Receivable [Abstract]	'	'	'	'	'	'	'	'	'	'	'
April 1 through December 31, 2014	'	'	'	'	246,019	'	'	'	'	'	'
2015	'	'	'	'	270,747	'	'	'	'	'	'
2016	'	'	'	'	244,283	'	'	'	'	'	'
2017	'	'	'	'	245,191	'	'	'	'	'	'
2018	'	'	'	'	84,372	'	'	'	'	'	'
Thereafter	'	'	'	'	12,762	'	'	'	'	'	'
Total future minimum rental receipts	'	'	'	'	$1,103,374	'	'	'	'	'	'

Deferred_Financing_Costs_and_O2

Deferred Financing Costs and Other Assets (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Deferred Financing Costs and Other Assets	'	'
Deferred financing costs	$8,707,176	$8,440,169
Less: accumulated amortization	-1,599,974	-1,235,886
Deferred financing costs, net	7,107,202	7,204,283
Prepaid expenses	1,933,654	3,142,924
Interest rate caps (Note 10)	4,575,894	5,462,561
Escrow deposits for pending real estate acquisitions	'	500,000
Deposits	1,404,496	1,265,642
Deferred financing costs and other assets, net	$15,021,246	$17,575,410

Debt_Details

Debt (Details) (USD $)

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Jun. 18, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

1-May-07

Dec. 27, 2012

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Ashley Oaks Property

The Trails at Buda Ranch

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LIBOR

LIBOR

Lincoln Tower Property

Lincoln Tower Property

Park Place Property

Park Place Property

Park Place Property

Arbor Pointe Property

Arbor Pointe Property

Clarion Park Property

Clarion Park Property

Cooper Creek Property

Cooper Creek Property

Truman Farm Villas Property

Truman Farm Villas Property

Prairie Walk Property

Prairie Walk Property

EBT Lofts Property

EBT Lofts Property

Windsor on the River Property

Windsor on the River Property

Windsor on the River Property

Windsor on the River Property

Renaissance Property

Renaissance Property

Renaissance Property

Spring Creek Property

Spring Creek Property

Montclair Parc Property

Montclair Parc Property

Sonoma Grande Property

Sonoma Grande Property

Estancia Property

Estancia Property

Montelena Property

Montelena Property

Valley Farms Property

Valley Farms Property

Hilliard Park Property

Hilliard Park Property

Hilliard Summit Property

Hilliard Summit Property

Springmarc Property

Springmarc Property

Ashley Oaks Property

Ashley Oaks Property

Arrowhead Property

Arrowhead Property

The Moorings Property

The Moorings Property

Forty-57 Property

Forty-57 Property

Keystone Farms Property

Keystone Farms Property

Riverford Crossing Property

Riverford Crossing Property

Montecito Property

Montecito Property

Hilliard Grand Property

Hilliard Grand Property

The Hills at Fair Oaks

The Hills at Fair Oaks

Library Lofts East

Library Lofts East

The Trails at Buda Ranch

The Trails at Buda Ranch

Deep Deuce at Bricktown

Deep Deuce at Bricktown

Deep Deuce at Bricktown, Supplemental Loan

Deep Deuce at Bricktown, Supplemental Loan

Deer Valley Luxury Apartments

Deer Valley Luxury Apartments

Grayson Ridge

Grayson Ridge

Rosemont at Olmos Park

Rosemont at Olmos Park

Retreat at Quail North

Retreat at Quail North

The Lodge at Trails Edge

The Lodge at Trails Edge

The Lodge at Trails Edge, Supplemental Loan

The Lodge at Trails Edge, Supplemental Loan

Arbors At Carrollton

Arbors At Carrollton

Arbors At Carrollton, Supplemental Loan

Arbors At Carrollton, Supplemental Loan

Waterford on the Meadow

Waterford on the Meadow

Waterford on the Meadow, Supplemental Loan

Waterford on the Meadow, Supplemental Loan

The Belmont

The Belmont

Meritage at Steiner Ranch

Meritage at Steiner Ranch

Tapestry Park Apartments

Tapestry Park Apartments

Downtree Apartments

Downtree Apartments

Stuart Hall Lofts

Stuart Hall Lofts

Brice Grove Park Apartments

Brice Grove Park Apartments

Landing at Mansfield

Landing at Mansfield

The Heights Apartments

The Heights Apartments

Villas at Huffmeister

Villas at Huffmeister

Villas of Kingwood

Villas of Kingwood

Waterford Place at Riata Ranch

Waterford Place at Riata Ranch

Carrington Place

Carrington Place

Carrington at Champion Forest

Carrington at Champion Forest

Carrington Park

Carrington Park

Willow Crossing

Willow Crossing

Heritage Grand at Sienna Plantation

Heritage Grand at Sienna Plantation

Audubon Park

Audubon Park

Mallard Crossing

Mallard Crossing

Renaissance at Carol Stream

Mapleshade Park

Fixed Rate Debt

Variable Rate Debt

Interest Rate Caps

Interest Rate Caps

Other Variable Rate

Other Variable Rate

Other Variable Rate

Other Variable Rate

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

1-Nov-16

1-Apr-18

Iowa Finance Authority Variable Rate Demand Bond

Iowa Finance Authority Variable Rate Demand Bond

Notes payable

'

'

'

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'

'

Interest rate

'

'

'

'

'

'

3.66%

'

3.50%

'

3.50%

4.86%

'

4.58%

'

3.89%

'

3.78%

'

3.74%

'

3.82%

'

'

'

'

'

'

3.85%

'

4.88%

'

3.70%

'

3.31%

'

5.94%

'

4.82%

'

4.25%

'

3.62%

'

3.56%

'

3.69%

'

'

'

3.38%

'

3.37%

'

3.73%

'

3.86%

'

3.78%

'

3.47%

'

5.59%

'

4.02%

'

3.66%

'

'

'

5.04%

'

4.73%

'

'

'

'

'

'

'

4.80%

'

4.47%

'

5.75%

'

4.83%

'

4.83%

'

4.70%

'

4.78%

'

5.91%

'

'

'

'

'

5.48%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4.65%

'

'

'

'

'

'

'

'

'

Description of Interest Rate Variable Basis

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'Variable(4)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'1-Mo LIBOR

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'1-Mo LIBOR

'

'

'

'

'

'1-Mo LIBOR

'

'1-Mo LIBOR

'

'1-Mo LIBOR

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'1-Mo LIBOR

'

'1-Mo LIBOR

'

'

'

'1-Mo LIBOR

'

'1-Mo LIBOR

'

'1-Mo LIBOR

'

'1-Mo LIBOR

'

'1-Mo LIBOR

'

'1-Mo LIBOR

'

'1-Mo LIBOR

'

'1-Mo LIBOR

'

'1-Mo LIBOR

'

'1-Mo LIBOR

'

'1-Mo LIBOR

'

'

'

'1-Mo LIBOR

'

'1-Mo LIBOR

'

'1-Mo LIBOR

'1-Mo LIBOR

'

'

Debt instrument, basis spread on variable rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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'

'

'

'

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'

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'

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'

'

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'

'

2.35%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.42%

'

'

'

'

'

2.40%

'

2.63%

'

2.65%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.47%

'

2.44%

'

'

'

2.75%

'

2.58%

'

2.69%

'

2.60%

'

2.68%

'

2.68%

'

2.64%

'

2.16%

'

2.16%

'

2.16%

'

2.20%

'

'

'

2.41%

'

2.57%

'

2.36%

2.15%

'

'

Mortgage debt outstanding

$1,021,131,050

$987,329,800

'

'

$1,021,131,050

$987,329,800

$8,376,991

$8,434,054

$4,938,136

$4,938,136

'

$4,984,533

$5,006,199

$8,593,348

$8,632,301

$6,593,337

$6,624,725

$5,790,881

$5,818,457

$3,881,198

$3,899,807

$5,473,545

$5,499,432

$23,500,000

$23,500,000

'

'

'

$9,056,107

$9,084,000

$13,827,788

$13,912,669

$24,184,603

$24,305,671

$22,540,000

$22,540,000

$21,754,846

$21,844,621

$12,532,534

$12,614,683

$10,199,716

$10,244,494

$13,753,989

$13,818,616

$16,670,108

$16,749,262

$15,375,394

$15,446,452

$21,584,038

$21,680,010

$12,501,281

$12,562,000

$15,113,465

$15,187,000

$38,500,000

$38,500,000

$6,180,993

$6,200,000

$21,900,000

$21,900,000

$14,203,481

$14,250,000

$28,996,841

$29,050,224

$24,767,000

$24,767,000

$9,070,165

$9,113,640

$17,030,000

$17,030,000

$24,425,798

$24,603,299

$2,768,803

$2,779,688

$20,875,000

$20,875,000

$10,725,000

$10,725,000

$15,100,000

$15,100,000

$17,151,210

$17,190,827

$10,909,405

$10,965,388

$1,930,009

$1,936,199

$5,368,521

$5,395,471

$982,730

$986,624

$14,086,347

$14,154,991

$2,750,198

$2,761,194

$9,446,636

$9,498,460

$55,500,000

$55,500,000

$23,100,000

$23,100,000

$15,991,021

$16,022,763

$12,407,000

$12,407,000

$14,985,000

$14,985,000

$22,750,000

$22,750,000

$29,014,000

$29,014,000

$25,963,000

$25,963,000

$28,105,000

$28,105,000

$16,340,000

$16,340,000

$22,376,000

$22,376,000

$22,959,000

$22,959,000

$17,717,000

$17,717,000

$43,500,000

$43,500,000

$16,809,054

$16,845,443

$11,760,000

$11,760,000

$27,860,000

$27,860,000

$20,440,000

$15,161,000

'

'

Debt, weighted average interest rate

'

'

'

'

3.43%

'

'

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'

'

'

'

'

'

4.29%

2.61%

Number of periods interest payments due

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'12 months

'

'12 months

'

'12 months

'

'12 months

'

'

'

'

'

'

'12 months

'

'

'

'

'

'

'

'

'

'

'

'

'

'12 months

'

'12 months

'

'12 months

'

'12 months

'

'12 months

'

'12 months

'

'24 months

'

'12 months

'

'24 months

'

'12 months

'

'

'

'24 months

'

'

'

'12 months

'

'

'

'

'

'12 months

'

'12 months

'

'12 months

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'12 months

'

'12 months

'

'

'

'12 months

'

'12 months

'

'12 months

'

'12 months

'

'12 months

'

'12 months

'

'12 months

'

'24 months

'

'24 months

'

'24 months

'

'24 months

'

'

'

'24 months

'

'12 months

'

'12 months

'36 months

'

'

Initial mortgage debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

24,000,000

9,084,000

'

'

'

'

'

'

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'

'

'

'

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'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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'

'

'

'

'

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'

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'

'

'

'

'

'

'

'

'

'

'

'

Variable Interest Rate, Percentage of Principal Term

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

'

'

'

'

'

'

'

'

'

'

'

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'

'

'

'

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'

'

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'

'

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'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate cap (as a percent)

'

'

5.00%

2.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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'

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'

'

'

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'

'

'

'

'

'

'

'

'

'

'

'

'

Extinguishment of debt, amount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$7,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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'

'

'

'

'

'

'

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'

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'

'

'

'

'

Debt_Schedule_of_Debt_Premium_

Debt - Schedule of Debt Premium (Discount) (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Notes payable	'	'	'
Amortization of Debt Premium (Discount)	$308,699	$155,112	$155,112
Mortgage Notes Payable	'	'	'
Notes payable	'	'	'
Debt instrument, unamortized premium	5,612,892	'	'
Amortization of Debt Premium (Discount)	308,699	'	155,112
Mortgage Notes Payable | Spring Creek Property	'	'	'
Notes payable	'	'	'
Debt instrument, unamortized premium	389,720	'	'
Amortization of Debt Premium (Discount)	25,357	'	25,357
Mortgage Notes Payable | Estancia Property	'	'	'
Notes payable	'	'	'
Debt instrument, unamortized premium	1,254,846	'	'
Amortization of Debt Premium (Discount)	89,774	'	89,774
Mortgage Notes Payable | Montelena Property	'	'	'
Notes payable	'	'	'
Debt instrument, unamortized premium	634,836	'	'
Amortization of Debt Premium (Discount)	36,592	'	36,592
Mortgage Notes Payable | Deep Deuce at Bricktown	'	'	'
Notes payable	'	'	'
Debt instrument, unamortized premium	1,257,384	'	'
Amortization of Debt Premium (Discount)	78,799	'	3,389
Mortgage Notes Payable | Retreat at Quail North	'	'	'
Notes payable	'	'	'
Debt instrument, unamortized premium	466,960	'	'
Amortization of Debt Premium (Discount)	3,009	'	'
Mortgage Notes Payable | The Lodge at Trails Edge	'	'	'
Notes payable	'	'	'
Debt instrument, unamortized premium	105,066	'	'
Amortization of Debt Premium (Discount)	3,968	'	'
Mortgage Notes Payable | Arbors At Carrollton	'	'	'
Notes payable	'	'	'
Debt instrument, unamortized premium	166,255	'	'
Amortization of Debt Premium (Discount)	6,235	'	'
Mortgage Notes Payable | Waterford on the Meadow	'	'	'
Notes payable	'	'	'
Debt instrument, unamortized premium	336,319	'	'
Amortization of Debt Premium (Discount)	12,612	'	'
Mortgage Notes Payable | The Belmont	'	'	'
Notes payable	'	'	'
Debt instrument, unamortized premium	650,202	'	'
Amortization of Debt Premium (Discount)	23,556	'	'
Mortgage Notes Payable | Downtree Apartments	'	'	'
Notes payable	'	'	'
Debt instrument, unamortized premium	809,016	'	'
Amortization of Debt Premium (Discount)	31,746	'	'
Mortgage Notes Payable | Heritage Grand at Sienna Plantation	'	'	'
Notes payable	'	'	'
Debt instrument, unamortized premium	-457,712	'	'
Amortization of Debt Premium (Discount)	($2,949)	'	'

Debt_Revolving_Credit_Facility

Debt - Revolving Credit Facility (Details) (Revolving Credit Facility, USD $)	Mar. 31, 2014	Oct. 22, 2012	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014
			Interest Rate Option One	Prime Rate	Federal Funds Rate	LIBOR	LIBOR	LIBOR
				Interest Rate Option One	Interest Rate Option One		Interest Rate Option One	Interest Rate Option Two
Notes payable	'	'	'	'	'	'	'	'
Maximum borrowing capacity	'	$20,000,000	'	'	'	'	'	'
Line of credit, repayment term	'180 days	'	'	'	'	'	'	'
Debt instrument, interest rate, base rate	'	'	2.00%	'	'	'	'	'
Description of Interest Rate Variable Basis	'	'	'	'Prime Rate	'Federal Funds Rate	'one-month LIBOR	'one-month, three-month or six-month LIBOR	'one-month, three-month or six-month LIBOR
Debt instrument, basis spread on variable rate	'	'	'	'	0.50%	3.00%	1.00%	3.00%
Line of credit facility, amount outstanding	$15,000,000	'	'	'	'	'	'	'

Debt_Maturities_and_Other_Disc

Debt - Maturities and Other Disclosures (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Aggregate long-term debt maturities	'	'	'
Total notes payable, net	$1,036,131,050	'	$987,329,800
Other information	'	'	'
Interest expense	9,924,021	4,302,013	4,302,013
Amortization of deferred financing costs	364,088	160,294	160,294
Accretion of loan premiums	308,699	155,112	155,112
Unrealized loss on derivatives	1,189,874	64,617	'
Accounts Payable and Accrued Liabilities	'	'	'
Other information	'	'	'
Interest payable	2,786,866	'	1,409,323
Interest Rate Caps	'	'	'
Other information	'	'	'
Unrealized loss on derivatives	1,189,874	'	'
Mortgage Notes Payable	'	'	'
Aggregate long-term debt maturities	'	'	'
Remainder of 2014	22,982,474	'	'
Maturities in 2015	16,076,177	'	'
Maturities in 2016	18,161,365	'	'
Maturities in 2017	39,759,954	'	'
Maturities in 2018	88,605,794	'	'
Maturities Thereafter	850,545,286	'	'
Total notes payable, net	1,036,131,050	'	'
Other information	'	'	'
Accretion of loan premiums	308,699	'	155,112
Debt, weighted average interest rate	3.43%	'	'
Mortgage Notes Payable | Interest Rate Caps	'	'	'
Other information	'	'	'
Unrealized loss on derivatives	$1,189,874	'	$64,617

Debt_Letter_of_Credit_Details

Debt - Letter of Credit (Details) (Windsor on the River Property, Letter of Credit, USD $)	3 Months Ended
	Mar. 31, 2014
Letter of Credit	'
Nonrefundable origination fee	$118,950
Interest Rate ending on first anniversary	'
Letter of Credit	'
Facility fee (as a percent)	2.00%
Interest Rate ending on third anniversary	'
Letter of Credit	'
Facility fee (as a percent)	2.25%
Interest Rate after third anniversary	'
Letter of Credit	'
Facility fee (as a percent)	2.50%
Other Variable Rate	'
Letter of Credit	'
Maximum borrowing capacity	$23,789,727
Debt Instrument, Description of Variable Rate Basis	'fluctuating rate established by the Reimbursement Agreement
Debt Instrument, Basis Spread on Variable Rate	3.00%

Debt_Financial_Covenants_Detai

Debt - Financial Covenants (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014
			Reimbursement Agreement
Debt covenants	'	'	'
Monthly reserve deposits under agreement	'	'	$50,000
Principal reserve account	$20,366,771	$25,243,316	$650,747

Stockholders_Equity_Details

Stockholders' Equity (Details) (USD $)

3 Months Ended

12 Months Ended

3 Months Ended

0 Months Ended

8 Months Ended

3 Months Ended

41 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Jun. 12, 2009

Dec. 31, 2009

Mar. 31, 2014

Mar. 31, 2014

Dec. 20, 2013

Mar. 31, 2014

Dec. 31, 2013

Private Offering and Public Offering

Distribution Reinvestment Plan

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Convertible Stock

Convertible Stock

item

Steadfast REIT Investments, LLC (the "Sponsor")

Steadfast REIT Investments, LLC (the "Sponsor")

Private Offering and Public Offering

Distribution Reinvestment Plan

Distribution Reinvestment Plan

Class of Stock [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common and preferred stock, shares authorized

1,100,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock, shares authorized

'

'

'

'

'

999,999,000

'

999,999,000

'

'

'

'

'

1,000

'

Common stock, par value (in dollars per share)

'

'

'

'

'

$0.01

'

$0.01

'

'

'

'

'

$0.01

$0.01

Preferred stock, shares authorized

100,000,000

'

100,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Preferred stock, par value (in dollars per share)

$0.01

'

$0.01

'

'

'

'

'

'

'

'

'

'

'

'

Number of votes per share

'

'

'

'

'

1

'

'

'

'

'

'

'

'

'

Stock issued during period, shares, new issues

'

'

'

'

'

'

'

'

22,223

22,223

74,886,955

'

'

'

'

Proceeds from issuance of common stock

$26,559,928

$47,846,875

'

'

'

'

'

'

'

$200,007

$661,616,053

'

'

'

'

Commissions on sales of common stock and related dealer manager fees to affiliates

'

'

49,014,259

95,845,468

0

'

'

'

'

'

'

'

'

'

'

Stock issued during period, shares, dividend reinvestment plan

'

'

'

'

'

640,030

181,719

'

'

'

'

2,228,319

1,588,289

'

'

Proceeds from issuance of common stock, dividend reinvestment plan

'

'

'

'

'

'

'

'

'

'

'

21,624,720

15,397,232

'

'

Due from transfer agent

$0

'

$26,549,087

'

'

'

'

'

'

'

'

'

'

'

'

Stockholders_Equity_ShareBased

Stockholders' Equity - Share-Based Compensation (Details) (USD $)

3 Months Ended

12 Months Ended

3 Months Ended

19 Months Ended

3 Months Ended

12 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Sep. 09, 2012

Mar. 31, 2014

Dec. 31, 2013

Sep. 10, 2012

Mar. 31, 2014

Sep. 10, 2012

Sep. 08, 2012

Jul. 19, 2010

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2010

item

Distribution Reinvestment Plan

Distribution Reinvestment Plan

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Convertible Stock

Convertible Stock

Convertible Stock

Restricted Stock

Restricted Stock

Director

Independent Directors Compensation Plan

Distribution Reinvestment Plan

Distribution Reinvestment Plan

Distribution Reinvestment Plan

Distribution Reinvestment Plan

Steadfast Income Advisors, LLC (the "Advisor")

Restricted Stock

Director

factor

Restricted Stock

Common Stock

installment

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restricted common stock, grants in period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10,000

'

Restricted common stock, grants in period, weighted average grant date fair value

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$10.24

'

Restricted common stock, vesting installments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4

Share-based compensation

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$22,176

$21,126

'

'

Restricted common stock, weighted average remaining contractual terms

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'11 months 1 day

'

'

'

Common stock, shares, issued

'

'

'

'

'

74,745,296

74,153,580

'

'

'

'

'

1,000

1,000

1,000

'

'

'

'

Proceeds from issuance of common stock

26,559,928

47,846,875

'

'

'

'

'

'

'

'

'

'

'

'

1,000

'

'

'

'

Common stock, basis of conversion, percentage of annual return on original issue price of shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8.00%

'

'

'

'

Common stock, conversion basis, multiplier

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.001

'

'

'

'

Common stock, conversion basis, percent enterprise value

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10.00%

'

'

'

'

Convertible common stock, redemption amount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1

'

'

'

'

Preferred stock, number of classes or series authorized for issuance per charter, minimum

1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred stock, number of classes or series authorized for classification or reclassification per charter, minimum

1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred stock, shares issued

0

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred stock, shares outstanding

0

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share price, distribution reinvestment plan (in dollars per share)

'

'

'

'

$9.50

'

'

'

'

$9.73

'

'

'

'

'

'

'

'

'

Distributions reinvested, percentage of share price, distribution reinvestment plan

'

'

'

'

'

'

'

'

95.00%

'

'

'

'

'

'

'

'

'

'

Share Price

'

'

'

'

'

'

'

$10.24

'

$9.73

$9.50

$9.50

'

'

'

'

'

'

'

Commissions on sales of common stock and related dealer manager fees to affiliates

'

'

$49,014,259

$0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notice period for termination of plan

'

'

'

'10 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stockholders_Equity_Share_Repu

Stockholders' Equity - Share Repurchase Plan and Redeemable Common Stock (Details) (USD $)	1 Months Ended		3 Months Ended		12 Months Ended
	Feb. 28, 2014	Jan. 31, 2014	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
			item
Stockholders' Equity	'	'	'	'	'
Share Repurchase Plan, holding period exception after death or disability of shareholder	'	'	'2 years	'	'
Stock repurchase plan, period shares outstanding before repurchase allowed	'	'	'1 year	'	'
Stock repurchase plan, repurchase price percentage, after primary offering, anniversary year 1	'	'	92.50%	'	'
Stock repurchase plan, repurchase price percentage, after primary offering, anniversary year 2	'	'	95.00%	'	'
Stock repurchase plan, repurchase price percentage, after primary offering, anniversary year 3	'	'	97.50%	'	'
Stock repurchase plan, repurchase price percentage, after primary offering, anniversary year 4	'	'	100.00%	'	'
Number of Company assets sold that constitute a return of capital as a result of such sale	'	'	1	'	'
Stock repurchase plan, minimum redemption notice period	'	'	'15 days	'	'
Stock repurchase plan, settlement period	'	'	'30 days	'	'
Minimum number of days prior to repurchase date a repurchase request may be withdrawn	'	'	'3 days	'	'
Stock requested for redemption, outstanding, shares	'	'	63,985	35,596	'
Stock repurchase plan, outstanding stock requested for redemption, value	'	'	$657,487	$350,901	'
Stock Repurchased During Period, Shares	1,053	48,459	49,513	'	'
Stock Repurchased During Period, Value	10,000	464,161	474,161	'	1,246,300
Stock requested for redemption, shares	'	'	61,570	'	'
Stock requested for redemption, value	'	'	614,762	272,960	'
Stock repurchase plan, percentage of weighted-average number of shares outstanding, limit on repurchase	'	'	5.00%	'	'
Stock repurchase plan, notice of termination, days	'	'	'30 days	'	'
Transfers to redeemable common stock, portion attributable to DRP threshold	'	'	$1,788,322	$1,347,953	'

Stockholders_Equity_Distributi

Stockholders' Equity - Distributions (Details) (Steadfast Income Advisors, LLC (the "Advisor"), USD $)	3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Steadfast Income Advisors, LLC (the "Advisor")	'	'
Distributions	'	'
Fee due to related party, maximum deferred amount	$5,000,000	'
Common stock, basis of conversion, percentage of annual return on stockholders' invested capital	7.00%	'
Deferred costs	$5,000,000	$5,000,000

Stockholders_Equity_Distributi1

Stockholders' Equity - Distributions Declared (Details) (USD $)	3 Months Ended	12 Months Ended	3 Months Ended		9 Months Ended	18 Months Ended	19 Months Ended
	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Sep. 09, 2012	Mar. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
			Common Shares	Common Shares	Common Shares	Common Shares	Common Shares	Common Shares
Distributions	'	'	'	'	'	'	'	'
Common share, distribution rate per share per day, declared (in dollars per share)	$0.00	'	'	'	$0.00	'	$0.00	'
Distribution period	'	'	'	'	'	'	'365 days	'
Common stock, distribution rate, percentage	'	'	'	'	7.00%	7.00%	'	'
Share price (in dollars per share)	'	'	$10.24	'	$10	$10.24	$10.24	'
Distributions declared	$13,174,851	$28,645,761	$13,174,851	$4,460,763	'	'	'	'
Distributions declared, distribution reinvestment plan	'	'	6,516,788	1,896,912	'	'	'	'
Common stock, distributions declared, shares, distribution reinvestment plan	'	'	669,762	194,955	'	'	'	'
Distributions payable	4,549,951	4,058,452	4,549,950	'	'	4,549,950	4,549,950	4,058,452
Distributions payable, distribution reinvestment plan	'	'	$2,252,870	'	'	$2,252,870	$2,252,870	$1,963,570

Stockholders_Equity_Distributi2

Stockholders' Equity - Distributions Paid (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Class of Stock [Line Items]	'	'
Payments of ordinary dividends, common stock	$6,455,864	$2,399,708
Distributions paid to common stockholders through common stock issuances pursuant to the dividend reinvestment plan	6,227,488	1,768,123
Distributions paid, common stock, including distribution reinvestment plan	$12,683,352	$4,167,831
Common Stock	'	'
Class of Stock [Line Items]	'	'
Stock issued during period, shares, dividend reinvestment plan	640,030	181,719

Related_Party_Arrangements_Amo

Related Party Arrangements - Amounts Attributable to Advisor and its Affiliates (Details) (USD $)	3 Months Ended
	Dec. 31, 2014		Mar. 31, 2014		Dec. 31, 2013		Mar. 31, 2013
Related Party Transactions [Line Items]	'		'		'		'
Due to affiliates	'		$7,664,146		$9,322,038		'
Steadfast Income Advisors, LLC (the "Advisor")	'		'		'		'
Related Party Transactions [Line Items]	'		'		'		'
Aggregate amount of fees due advisor allowable for deferral	'		5,000,000		'		'
Related party transaction, expenses from transactions with related party	12,914,921		11,257,028		13,145,786		14,780,638
Due to affiliates	'		7,664,146		9,322,038		'
Expensed | Steadfast Income Advisors, LLC (the "Advisor")	'		'		'		'
Related Party Transactions [Line Items]	'		'		'		'
Related party transaction, expenses from transactions with related party	'		223,675		'		187,738
Investment management fees	'		'		'		'
Related Party Transactions [Line Items]	'		'		'		'
Related party transaction, deferred cost	'		4,351,578		'		'
Investment management fees | Steadfast Income Advisors, LLC (the "Advisor")	'		'		'		'
Related Party Transactions [Line Items]	'		'		'		'
Related party transaction, deferred cost	'		4,351,578		4,351,578		'
Due to affiliates	'		84,886		178,464		'
Investment management fees | Expensed | Steadfast Income Advisors, LLC (the "Advisor")	'		'		'		'
Related Party Transactions [Line Items]	'		'		'		'
Related party transaction, expenses from transactions with related party	'		3,174,296	[1]	'		1,256,596	[1]
Related party transaction, payments to (proceeds from) related party	3,267,874	[1]	'		1,256,596	[1]	'
Related party transaction, due from (to) related party	'		4,436,464		4,530,042		'
Acquisition fees | Steadfast Income Advisors, LLC (the "Advisor")	'		'		'		'
Related Party Transactions [Line Items]	'		'		'		'
Related party transaction, deferred cost	'		648,422		648,422		'
Due to affiliates	'		589,930		0		'
Acquisition fees | Expensed | Steadfast Income Advisors, LLC (the "Advisor")	'		'		'		'
Related Party Transactions [Line Items]	'		'		'		'
Related party transaction, expenses from transactions with related party	'		1,579,677	[1]	'		2,222,318	[1]
Related party transaction, payments to (proceeds from) related party	989,747	[1]	989,747		1,932,660	[1]	1,932,660
Related party transaction, due from (to) related party	'		1,238,352	[2]	648,422	[2]	'
Due to affiliates	'		589,930		'		0
Acquisition expenses | Expensed | Steadfast Income Advisors, LLC (the "Advisor")	'		'		'		'
Related Party Transactions [Line Items]	'		'		'		'
Related party transaction, expenses from transactions with related party	'		209,204	[3]	'		1,671,768	[3]
Related party transaction, payments to (proceeds from) related party	76,681	[3]	'		422,461	[3]	'
Related party transaction, due from (to) related party	'		132,523		'		'
Property management, fees | Expensed | Steadfast Management Company [Member]	'		'		'		'
Related Party Transactions [Line Items]	'		'		'		'
Related party transaction, expenses from transactions with related party	'		1,353,298	[1]	'		548,853	[1]
Property management fees, or property management, labor and related expense	'		1,353,298		'		548,853
Related party transaction, payments to (proceeds from) related party	1,291,118	[1]	1,291,118		516,451	[1]	516,451
Related party transaction, due from (to) related party	'		478,761		416,581		416,581
Property management, reimbursement of onsite personnel [Member] | Expensed | Steadfast Management Company [Member]	'		'		'		'
Related Party Transactions [Line Items]	'		'		'		'
Related party transaction, expenses from transactions with related party	'		4,091,180	[4]	'		1,456,994	[4]
Property management fees, or property management, labor and related expense	'		4,091,180		'		1,456,994
Related party transaction, payments to (proceeds from) related party	3,425,106	[4]	3,425,106		1,395,827	[4]	1,395,827
Related party transaction, due from (to) related party	'		1,234,925		568,851		568,851
Property management, other fees | Expensed | Steadfast Management Company [Member]	'		'		'		'
Related Party Transactions [Line Items]	'		'		'		'
Related party transaction, expenses from transactions with related party	'		396,553	[1]	'		158,359	[1]
Property management fees, or property management, labor and related expense	'		396,553		'		158,359
Related party transaction, payments to (proceeds from) related party	399,338	[1]	399,338		136,721	[1]	136,721
Related party transaction, due from (to) related party	'		42,435		45,220		45,220
Operating Expense | Expensed | Steadfast Income Advisors, LLC (the "Advisor")	'		'		'		'
Related Party Transactions [Line Items]	'		'		'		'
Related party transaction, expenses from transactions with related party	'		223,678	[5]	'		187,738	[5]
Related party transaction, payments to (proceeds from) related party	130,668	[5]	'		223,449	[5]	'
Related party transaction, due from (to) related party	'		100,686		7,676		'
Construction Management Fee | Real Estate Investment [Member] | Construction Manager	'		'		'		'
Related Party Transactions [Line Items]	'		'		'		'
Related party transaction, expenses from transactions with related party	'		229,142		'		'
Related party transaction, payments to (proceeds from) related party	229,142		'		'		'
Construction Management Fee | Additional Paid-In Capital	'		'		'		'
Related Party Transactions [Line Items]	'		'		'		'
Related party transaction, expenses from transactions with related party	'		229,142		'		'
Related party transaction, payments to (proceeds from) related party	'		229,142		'		'
Other offering costs reimbursement | Additional Paid-In Capital | Steadfast Income Advisors, LLC (the "Advisor")	'		'		'		'
Related Party Transactions [Line Items]	'		'		'		'
Related party transaction, expenses from transactions with related party	'		'		'		2,514,262
Related party transaction, payments to (proceeds from) related party	3,105,247		'		2,497,871		'
Related party transaction, due from (to) related party	'		0		3,105,246		'
Sales Commissions Paid | Additional Paid-In Capital | Steadfast Income Advisors, LLC (the "Advisor")	'		'		'		'
Related Party Transactions [Line Items]	'		'		'		'
Related party transaction, expenses from transactions with related party	'		'		'		3,065,168
Related party transaction, payments to (proceeds from) related party	'		'		3,065,168		'
Dealer management fees | Additional Paid-In Capital | Steadfast Income Advisors, LLC (the "Advisor")	'		'		'		'
Related Party Transactions [Line Items]	'		'		'		'
Related party transaction, expenses from transactions with related party	'		'		'		1,698,582
Related party transaction, payments to (proceeds from) related party	'		'		$1,698,582		'
[1]	Included in fees to affiliates in the accompanying consolidated statements of operations for the three months ended March 31, 2014 and 2013.
[2]	Acquisition fees earned by the Advisor totaling $648,422 and $648,422 were deferred as of March 31, 2014 and December 31, 2013, respectively, pursuant to the terms of the Advisory Agreement. The remaining acquisition fees of $589,930 and $0 were due and payable and are included in due to affiliates in the accompanying consolidated balance sheets at March 31, 2014 and December 31, 2013, respectively.
[3]	Included in acquisition costs in the accompanying consolidated statements of operations for the three months ended March 31, 2014 and 2013.
[4]	Included in operating, maintenance and management in the accompanying consolidated statements of operations for the three months ended March 31, 2014 and 2013.
[5]	Included in general and administrative expenses in the accompanying consolidated statements of operations for the three months ended March 31, 2014 and 2013.

Related_Party_Arrangements_Org

Related Party Arrangements - Organization and Offering Costs (Details) (USD $)

3 Months Ended

59 Months Ended

3 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Dec. 31, 2014

Dec. 31, 2013

Mar. 31, 2013

Mar. 31, 2014

Steadfast Income Advisors, LLC (the "Advisor")

Steadfast Income Advisors, LLC (the "Advisor")

Steadfast Income Advisors, LLC (the "Advisor")

Steadfast Income Advisors, LLC (the "Advisor")

Expensed

Expensed

Public offering costs

Organization and Offering Costs

Organization and Offering Costs

Organization and Offering Costs

Organization and Offering Costs

Organization and Offering Costs

Organization and Offering Costs

Organization and Offering Costs

Organization and Offering Costs

Other offering costs reimbursement

Other offering costs reimbursement

Other offering costs reimbursement

Other offering costs reimbursement

Steadfast Income Advisors, LLC (the "Advisor")

Steadfast Income Advisors, LLC (the "Advisor")

Steadfast Income Advisors, LLC (the "Advisor")

Steadfast Income Advisors, LLC (the "Advisor")

Crossroads

Crossroads

Organizational Costs Reimbursements

Organizational expenses

Public offering costs

Public offering costs

Private offering costs

Additional Paid-In Capital

Additional Paid-In Capital

Additional Paid-In Capital

Additional Paid-In Capital

Steadfast Income Advisors, LLC (the "Advisor")

Steadfast Income Advisors, LLC (the "Advisor")

Steadfast Income Advisors, LLC (the "Advisor")

Steadfast Income Advisors, LLC (the "Advisor")

Steadfast Income Advisors, LLC (the "Advisor")

Steadfast Income Advisors, LLC (the "Advisor")

Steadfast Income Advisors, LLC (the "Advisor")

Steadfast Income Advisors, LLC (the "Advisor")

Steadfast Income Advisors, LLC (the "Advisor")

Related Party Transactions [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from issuance of common stock

$26,559,928

$47,846,875

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Organization and offering costs, percentage of offering proceeds

'

'

'

'

'

'

'

'

'

15.00%

'

'

'

'

'

'

'

'

'

'

'

Organization and offering, cost

'

'

'

'

'

'

'

'

'

'

0

327,000

'

100,738

'

'

2,301,719

'

'

'

'

Organization and offering, cost paid or recognized

'

'

'

'

'

'

'

'

'

95,946,206

'

'

100,738

'

'

'

'

'

'

'

'

Related party transaction, expenses from transactions with related party

'

'

12,914,921

11,257,028

13,145,786

14,780,638

223,675

187,738

'

'

'

'

'

'

'

'

'

'

'

2,514,262

'

Related party transaction, payments to (proceeds from) related party

'

'

'

'

'

'

'

'

93,543,749

'

'

'

100,738

'

0

7,278,011

'

3,105,247

2,497,871

'

'

Related party transaction, due from (to) related party

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$3,105,246

'

$0

Related_Party_Arrangements_Inv

Related Party Arrangements - Investment Management Fee (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
	Investment management fees	Steadfast Income Advisors, LLC (the "Advisor")	Steadfast Income Advisors, LLC (the "Advisor")	Steadfast Income Advisors, LLC (the "Advisor")
			Investment management fees	Investment management fees
Related Party Transactions [Line Items]	'	'	'	'
Investment management fee, percentage of real properties or related assets acquired	'	0.07%	'	'
Related party transaction, deferred cost	$4,351,578	'	$4,351,578	$4,351,578

Related_Party_Arrangements_Acq

Related Party Arrangements - Acquisition Fees and Expenses (Details) (USD $)	3 Months Ended
	Dec. 31, 2014		Mar. 31, 2014		Dec. 31, 2013		Mar. 31, 2013
Related Party Transactions [Line Items]	'		'		'		'
Due to affiliates	'		$7,664,146		$9,322,038		'
Business combination, acquisition related costs	'		616,914		'		2,118,488
Steadfast Income Advisors, LLC (the "Advisor")	'		'		'		'
Related Party Transactions [Line Items]	'		'		'		'
Acquisition fee, percentage of purchase price of real property or related asset	'		2.00%		'		'
Related party transaction, expenses from transactions with related party	12,914,921		11,257,028		13,145,786		14,780,638
Due to affiliates	'		7,664,146		9,322,038		'
Acquisition fees and expenses, maximum, percentage of contract purchase price	'		6.00%		'		'
Acquisition fees | Steadfast Income Advisors, LLC (the "Advisor")	'		'		'		'
Related Party Transactions [Line Items]	'		'		'		'
Due to affiliates	'		589,930		0		'
Related party transaction, deferred cost	'		648,422		648,422		'
Acquisition expenses	'		'		'		'
Related Party Transactions [Line Items]	'		'		'		'
Business combination, acquisition related costs	'		407,709		'		446,720
Expensed | Steadfast Income Advisors, LLC (the "Advisor")	'		'		'		'
Related Party Transactions [Line Items]	'		'		'		'
Related party transaction, expenses from transactions with related party	'		223,675		'		187,738
Expensed | Acquisition fees | Steadfast Income Advisors, LLC (the "Advisor")	'		'		'		'
Related Party Transactions [Line Items]	'		'		'		'
Related party transaction, expenses from transactions with related party	'		1,579,677	[1]	'		2,222,318	[1]
Related party transaction, payments to (proceeds from) related party	989,747	[1]	989,747		1,932,660	[1]	1,932,660
Due to affiliates	'		589,930		'		0
Expensed | Acquisition expenses | Steadfast Income Advisors, LLC (the "Advisor")	'		'		'		'
Related Party Transactions [Line Items]	'		'		'		'
Related party transaction, expenses from transactions with related party	'		209,204	[2]	'		1,671,768	[2]
Related party transaction, payments to (proceeds from) related party	76,681	[2]	'		422,461	[2]	'
Acquisition fees and expenses	'		$209,204		'		$1,671,768
[1]	Included in fees to affiliates in the accompanying consolidated statements of operations for the three months ended March 31, 2014 and 2013.
[2]	Included in acquisition costs in the accompanying consolidated statements of operations for the three months ended March 31, 2014 and 2013.

Related_Party_Arrangements_Pro

Related Party Arrangements - Property Management Fees and Expenses (Details) (USD $)	3 Months Ended
	Dec. 31, 2014		Mar. 31, 2014	Dec. 31, 2013		Mar. 31, 2013
Related Party Transactions [Line Items]	'		'	'		'
Property management agreement, notice of termination option	'		'60 days	'		'
Property management agreement, termination notice period after uncured breach	'		'30 days	'		'
Steadfast Management Company [Member]	'		'	'		'
Related Party Transactions [Line Items]	'		'	'		'
Property management agreement, term	'		'1 year	'		'
Minimum | Steadfast Management Company [Member]	'		'	'		'
Related Party Transactions [Line Items]	'		'	'		'
Property management fee, percent fee	'		2.50%	'		'
Maximum | Steadfast Management Company [Member]	'		'	'		'
Related Party Transactions [Line Items]	'		'	'		'
Property management fee, percent fee	'		3.50%	'		'
Expensed | Property management, fees | Steadfast Management Company [Member]	'		'	'		'
Related Party Transactions [Line Items]	'		'	'		'
Property management fees, or property management, labor and related expense	'		$1,353,298	'		$548,853
Related party transaction, payments to (proceeds from) related party	1,291,118	[1]	1,291,118	516,451	[1]	516,451
Related party transaction, due from (to) related party	'		478,761	416,581		416,581
Expensed | Property management, other fees	'		'	'		'
Related Party Transactions [Line Items]	'		'	'		'
Oversight fee, percentage of gross revenues	'		1.00%	'		'
Expensed | Property management, other fees | Steadfast Management Company [Member]	'		'	'		'
Related Party Transactions [Line Items]	'		'	'		'
Property management fees, or property management, labor and related expense	'		396,553	'		158,359
Related party transaction, payments to (proceeds from) related party	399,338	[1]	399,338	136,721	[1]	136,721
Related party transaction, due from (to) related party	'		42,435	45,220		45,220
Expensed | Property management, reimbursement of onsite personnel [Member] | Steadfast Management Company [Member]	'		'	'		'
Related Party Transactions [Line Items]	'		'	'		'
Property management fees, or property management, labor and related expense	'		4,091,180	'		1,456,994
Related party transaction, payments to (proceeds from) related party	3,425,106	[2]	3,425,106	1,395,827	[2]	1,395,827
Related party transaction, due from (to) related party	'		$1,234,925	$568,851		$568,851
[1]	Included in fees to affiliates in the accompanying consolidated statements of operations for the three months ended March 31, 2014 and 2013.
[2]	Included in operating, maintenance and management in the accompanying consolidated statements of operations for the three months ended March 31, 2014 and 2013.

Related_Party_Arrangements_Con

Related Party Arrangements - Construction Management Fees (Details) (USD $)	3 Months Ended
	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Construction Management Fee	'	'	'	'
Related Party Transactions [Line Items]	'	'	'	'
Construction management agreement, termination notification period	'	'30 days	'	'
Additional Paid-In Capital | Construction Management Fee	'	'	'	'
Related Party Transactions [Line Items]	'	'	'	'
Related party transaction, expenses from transactions with related party	'	$229,142	'	'
Related party transaction, payments to (proceeds from) related party	'	229,142	'	'
Minimum | Additional Paid-In Capital | Construction Management Fee	'	'	'	'
Related Party Transactions [Line Items]	'	'	'	'
Construction management fee, percent fee	'	8.00%	'	'
Maximum | Additional Paid-In Capital | Construction Management Fee	'	'	'	'
Related Party Transactions [Line Items]	'	'	'	'
Construction management fee, percent fee	'	12.00%	'	'
Steadfast Income Advisors, LLC (the "Advisor")	'	'	'	'
Related Party Transactions [Line Items]	'	'	'	'
Related party transaction, expenses from transactions with related party	$12,914,921	$11,257,028	$13,145,786	$14,780,638

Related_Party_Arrangements_Oth

Related Party Arrangements - Other Operating Expense Reimbursement (Details) (USD $)	3 Months Ended
	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Related Party Transactions [Line Items]	'	'	'	'
General and administrative expenses	'	$1,333,874	'	$710,822
Steadfast Income Advisors, LLC (the "Advisor")	'	'	'	'
Related Party Transactions [Line Items]	'	'	'	'
Related party transaction, expenses from transactions with related party	12,914,921	11,257,028	13,145,786	14,780,638
Operating Expense	'	'	'	'
Related Party Transactions [Line Items]	'	'	'	'
Number of rolling quarters	'	4	'	'
Other operating expense reimbursement, percentage of average invested assets, threshold	'	2.00%	'	'
Other operating expense reimbursement, percentage of net income, threshold	'	25.00%	'	'
Average invested assets, calculation period	'	'12 months	'	'
Overhead expense	'	'	'	'
Related Party Transactions [Line Items]	'	'	'	'
Related party transaction, expenses from transactions with related party	'	'	'	187,738
Overhead expense | Steadfast Income Advisors, LLC (the "Advisor")	'	'	'	'
Related Party Transactions [Line Items]	'	'	'	'
Related party transaction, expenses from transactions with related party	'	223,675	'	'
Expensed | Steadfast Income Advisors, LLC (the "Advisor")	'	'	'	'
Related Party Transactions [Line Items]	'	'	'	'
Related party transaction, expenses from transactions with related party	'	$223,675	'	$187,738

Related_Party_Arrangements_Dis

Related Party Arrangements - Disposition Fee (Details) (Steadfast Income Advisors, LLC (the "Advisor"))	3 Months Ended
	Mar. 31, 2014
Steadfast Income Advisors, LLC (the "Advisor")	'
Related Party Transactions [Line Items]	'
Real estate sale, disposition fee, percentage of sales price	1.50%
Disposition fee, maximum, brokerage commission paid, threshold, percent	0.50%
Disposition fee, maximum, percentage of sales price	3.00%
Acquisition fees and expenses, maximum, percentage of contract purchase price	6.00%

Related_Party_Arrangements_Sel

Related Party Arrangements - Selling Commissions and Dealer Manager Fees (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013	Dec. 31, 2013
	Steadfast Capital Markets Group, LLC [Member]	Steadfast Capital Markets Group, LLC [Member]	Steadfast Capital Markets Group, LLC [Member]	Steadfast Capital Markets Group, LLC [Member]	Steadfast Capital Markets Group, LLC [Member]	Steadfast Income Advisors, LLC (the "Advisor")	Steadfast Income Advisors, LLC (the "Advisor")
	Sales Commissions Paid	Additional Paid-In Capital	Additional Paid-In Capital	Additional Paid-In Capital	Additional Paid-In Capital	Additional Paid-In Capital	Additional Paid-In Capital
		Sales Commissions Paid	Sales Commissions Paid	Dealer management fees	Dealer management fees	Sales Commissions Paid	Dealer management fees
Related Party Transactions [Line Items]	'	'	'	'	'	'	'
Commissions on sales of common stock, percent	'	6.50%	'	'	'	'	'
Dealer manager fee, percent	'	'	'	3.50%	'	'	'
Dealer-Manager reallowance of sales commissions earned, percent	100.00%	'	'	'	'	'	'
Related party transaction, payments to (proceeds from) related party	'	$0	$3,065,168	$0	$1,698,582	$3,065,168	$1,698,582

Incentive_Award_Plan_and_Indep1

Incentive Award Plan and Independent Director Compensation (Details) (USD $)	3 Months Ended		12 Months Ended	3 Months Ended				0 Months Ended	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2014	Nov. 15, 2012	Mar. 31, 2014	Mar. 31, 2014
			Director	Independent Directors Compensation Plan	Independent Directors Compensation Plan	Independent Directors Compensation Plan	Independent Directors Compensation Plan	Stock Purchase Plan (the "Plan")	Initial Election	Re-Election
			Restricted Stock			Director	Private Offering	President	Incentive Award Plan	Director
						Restricted Stock	Director	Common Stock	Director	Restricted Stock
									Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'	'	'	'	'	'
Restricted common stock, grants in period, upon initial meeting	'	'	10,000	'	'	'	'	'	'	2,500
Grants entitled to be received under award terms (in shares)	'	'	'	'	'	'	'	'	5,000	'
Sale of Stock, Offering Amount, Minimum	'	'	'	'	'	'	$2,000,000	'	'	'
Proceeds from issuance of common stock	26,559,928	47,846,875	'	'	'	'	'	'	'	'
Restricted stock vesting percentage	'	'	'	'	'	25.00%	'	'	'	'
Restricted common stock, award vesting period	'	'	'	'	'	'3 years	'	'	'	'
Share-based compensation	22,176	117,626	'	22,176	21,126	'	'	'	'	'
Stock purchase plan, grants in period, amount	'	'	'	'	'	'	'	$5,530	'	'
Stock purchase plan, grants in period, shares	'	'	'	'	'	'	'	600	'	'
Stock purchase plan, price per share	'	'	'	'	'	'	'	$9.22	'	'

Derivative_Financial_Instrumen2

Derivative Financial Instruments (Details) (USD $)

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Interest Rate Caps

Interest Rate Caps

Windsor on the River Property

Windsor on the River Property

Windsor on the River Property

Ashley Oaks Property

Ashley Oaks Property

The Trails at Buda Ranch

The Trails at Buda Ranch

Deer Valley Luxury Apartments

Deer Valley Luxury Apartments

Grayson Ridge

Grayson Ridge

Rosemont at Olmos Park

Rosemont at Olmos Park

Meritage at Steiner Ranch

Meritage at Steiner Ranch

Tapestry Park Apartments

Tapestry Park Apartments

Stuart Hall Lofts

Stuart Hall Lofts

Brice Grove Park Apartments

Brice Grove Park Apartments

Landing at Mansfield

Landing at Mansfield

The Heights Apartments

The Heights Apartments

Villas at Huffmeister

Villas at Huffmeister

Villas of Kingwood

Villas of Kingwood

Waterford Place at Riata Ranch

Waterford Place at Riata Ranch

Carrington Place

Carrington Place

Carrington Place

Carrington Place

Carrington Place

Carrington at Champion Forest

Carrington at Champion Forest

Carrington at Champion Forest

Carrington at Champion Forest

Carrington Park

Carrington Park

Carrington Park

Carrington Park

Willow Crossing

Willow Crossing

Willow Crossing

Willow Crossing

Audubon Park

Audubon Park

Audubon Park

Audubon Park

Audubon Park

Mallard Crossing

Mallard Crossing

Mallard Crossing

Mallard Crossing

Renaissance at Carol Stream

Renaissance at Carol Stream

Renaissance at Carol Stream

Renaissance at Carol Stream

Mapleshade Park

Mapleshade Park

Mapleshade Park

contract

LIBOR

1-Feb-17

1-Feb-17

1-Feb-19

1-Nov-16

1-Nov-16

1-Apr-18

1-Apr-18

1-May-18

1-May-18

1-Jul-17

1-Jul-17

1-Jul-17

1-Jul-17

1-Sep-17

1-Sep-17

1-Oct-17

1-Oct-17

1-Sep-17

1-Sep-17

1-Oct-17

1-Oct-17

1-Oct-17

1-Oct-17

1-Oct-17

1-Oct-17

1-Nov-17

1-Nov-17

1-Nov-17

1-Nov-17

1-Nov-17

1-Nov-17

30-Nov-14

30-Nov-14

30-Nov-15

30-Nov-16

1-Dec-18

30-Nov-14

30-Nov-15

30-Nov-16

1-Dec-18

30-Nov-14

30-Nov-15

30-Nov-16

1-Dec-18

30-Nov-14

30-Nov-15

30-Nov-16

1-Dec-18

31-Dec-14

31-Dec-15

31-Dec-16

31-Dec-17

1-Jan-19

31-Dec-14

31-Dec-15

31-Dec-16

1-Jan-18

1-Feb-17

1-Feb-15

1-Feb-16

1-Feb-18

April 1 2015

1-Apr-16

1-Apr-17

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

Interest Rate Caps

SIFMA Municipal Swap Index

SIFMA Municipal Swap Index

SIFMA Municipal Swap Index

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

Derivative Instruments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Derivative, number of instruments held

'

'

23

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Derivative, notional amount

'

'

$518,879,000

'

$23,500,000

'

'

$21,712,000

'

$17,030,000

'

$20,875,000

'

$10,725,000

'

$15,100,000

'

$55,500,000

'

$23,100,000

'

$12,407,000

'

$14,985,000

'

$22,750,000

'

$29,014,000

'

$25,963,000

'

$28,105,000

'

$16,340,000

'

$22,376,000

'

'

'

'

$22,959,000

'

'

'

$17,717,000

'

'

'

$43,500,000

'

'

'

$11,760,000

'

'

'

'

$27,860,000

'

'

'

'

$20,440,000

'

'

$15,161,000

'

'

Derivative, Description of Variable Rate Basis

'

'

'

'LIBOR

'SIFMA

'

'Municipal Swap Index

'One-Month LIBOR

'

'One-Month LIBOR

'

'One-Month LIBOR

'

'One-Month LIBOR

'

'One-Month LIBOR

'

'One-Month LIBOR

'

'One-Month LIBOR

'

'One-Month LIBOR

'

'One-Month LIBOR

'

'One-Month LIBOR

'

'One-Month LIBOR

'

'One-Month LIBOR

'

'One-Month LIBOR

'

'One-Month LIBOR

'

'One-Month

'

'LIBOR

'

'

'One-Month

'

'

'

'One-Month

'

'

'

'One-Month

'

'

'

'One-Month

'

'

'

'

'One-Month

'

'

'

'

'One-Month

'

'

'One-Month

'

'

Derivative, variable interest rate

'

'

'

'

0.06%

'

'

0.15%

'

0.15%

'

0.15%

'

0.15%

'

0.15%

'

0.15%

'

0.15%

'

0.15%

'

0.15%

'

0.15%

'

0.15%

'

0.15%

'

0.15%

'

0.15%

'

0.15%

'

'

'

'

0.15%

'

'

'

0.15%

'

'

'

0.15%

'

'

'

0.15%

'

'

'

'

0.15%

'

'

'

'

0.15%

'

'

0.15%

'

'

Interest rate cap (as a percent)

'

'

'

'

3.00%

'

5.00%

5.00%

'

2.00%

'

2.00%

'

2.00%

'

2.00%

'

2.00%

'

3.56%

'

3.50%

'

3.42%

'

2.50%

'

2.50%

'

2.50%

'

2.50%

'

2.50%

'

2.00%

'

2.50%

3.25%

4.10%

2.00%

2.50%

3.25%

4.10%

2.00%

2.50%

3.25%

4.10%

2.00%

2.50%

3.25%

4.65%

2.00%

2.75%

3.50%

4.25%

4.75%

2.00%

2.50%

3.00%

3.40%

3.00%

2.00%

2.50%

3.64%

2.50%

3.00%

3.57%

Interest rate derivative assets, at fair value

'

'

4,575,894

'

69,731

121,310

'

14,495

19,729

286,847

335,483

374,308

439,064

99,863

115,262

146,566

164,538

631,238

715,411

130,290

154,735

44,271

62,083

92,530

110,612

215,764

251,548

260,106

312,618

253,010

303,798

273,883

328,862

159,233

191,198

246,767

302,878

'

'

'

253,196

'

'

'

195,386

'

'

'

295,564

'

'

'

87,491

'

'

'

'

223,848

'

'

'

'

156,406

'

'

65,101

'

'

Unrealized loss on derivatives

$1,189,874

$64,617

$1,189,874

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Pro_Forma_Information_unaudite2

Pro Forma Information (unaudited) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
	property
Pro Forma Information	'	'
Number of properties acquired	3	'
Revenues contributed	$1,228,180	'
Contributed net loss	504,417	'
Contributed depreciation and amortization	857,879	'
Revenues	46,907,884	19,913,779
Net loss	$14,587,328	$9,545,832
Basic and diluted net loss per common share (in dollars per share)	($0.20)	($0.13)

Subsequent_Events_Details

Subsequent Events (Details) (USD $)

1 Months Ended

3 Months Ended

12 Months Ended

0 Months Ended

4 Months Ended

0 Months Ended

Feb. 28, 2014

Jan. 31, 2014

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Jan. 03, 2013

Apr. 30, 2014

9-May-14

1-May-14

Apr. 02, 2014

1-May-14

Apr. 02, 2014

Distribution Reinvestment Plan

Subsequent Event

Subsequent Event

Subsequent Event

Subsequent Event

Subsequent Event

Subsequent Event

Distribution Reinvestment Plan

Distribution Reinvestment Plan

Dividend Paid

Dividend Paid

Dividend Paid

Dividend Paid

Distribution Reinvestment Plan

Distribution Reinvestment Plan

Subsequent Event [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Registration statement, maximum number of shares included in offering statement

'

'

'

'

'

12,000,000

'

'

'

'

'

'

Distributions paid, common stock, including distribution reinvestment plan

'

'

$12,683,352

$4,167,831

'

'

'

'

$4,417,561

$4,549,950

'

'

Payments of ordinary dividends, common stock

'

'

6,455,864

2,399,708

'

'

'

'

2,228,083

2,297,080

'

'

Distributions paid to common stockholders through common stock issuances pursuant to the dividend reinvestment plan

'

'

6,227,488

1,768,123

'

'

'

'

'

'

2,189,478

2,252,870

Redemption of common stock, shares

1,053

48,459

49,513

'

'

'

38,416

'

'

'

'

'

Stock repurchase plan, stock redeemed, value

10,000

464,161

474,161

'

1,246,300

'

381,757

'

'

'

'

'

Stock repurchase plan, stock redeemed, value per share

'

'

'

'

'

'

$9.88

'

'

'

'

'

Stock issued during period, shares, new issues

'

'

'

'

'

'

'

894,866

'

'

'

'

Proceeds from issuance of common stock

'

'

$26,559,928

$47,846,875

'

'

'

$8,707,048

'

'

'

'

Common stock, shares authorized, distribution reinvestment plan, shares

'

'

'

'

'

12,000,000

'

'

'

'

'

'

Subsequent_Events_Refinancing_

Subsequent Events - Refinancing (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013	9-May-14	Mar. 31, 2014	Dec. 31, 2013	9-May-14	9-May-14	9-May-14	9-May-14	9-May-14	9-May-14
			Subsequent Event	Mortgage Notes Payable	Mortgage Notes Payable	Mortgage Notes Payable	Mortgage Notes Payable	Mortgage Notes Payable	Past due 30 days or more	LIBOR	LIBOR
			Windsor on the River Property			Subsequent Event	Subsequent Event	Subsequent Event	Mortgage Notes Payable	Mortgage Notes Payable	Past due 30 days or more
			Iowa Finance Authority Variable Rate Demand Bond			Windsor on the River Property	Windsor on the River Property	Windsor on the River Property	Subsequent Event	Subsequent Event	Mortgage Notes Payable
						PNC Bank, National Association	Redemption period ending July 1, 2014	Redemption period between July 1, 2015 and June 1, 2024 (the "Maturity Date")	Windsor on the River Property	Windsor on the River Property	Subsequent Event
							PNC Bank, National Association	PNC Bank, National Association	PNC Bank, National Association	Redemption period after July 1, 2014	Windsor on the River Property
										PNC Bank, National Association	PNC Bank, National Association
Refinancing	'	'	'	'	'	'	'	'	'	'	'
Mortgage debt outstanding	$1,021,131,050	$987,329,800	'	$1,021,131,050	$987,329,800	$23,500,000	'	'	'	'	'
Proceeds from refinancing used to redeem existing debt	'	'	23,500,000	'	'	'	'	'	'	'	'
Fixed interest rate	'	'	'	'	'	'	2.24%	'	'	'	'
Description of variable rate basis	'	'	'	'	'	'	'	'	'	'London Inter-Bank Offered Rate (LIBOR)	'Interest Rate
Debt instrument, basis spread on variable rate	'	'	'	'	'	'	'	'	'	2.09%	4.00%
Periodic payment	'	'	'	'	'	'	$43,905	$33,754	'	'	'
Frequency of periodic payment	'	'	'	'	'	'	'Annual payment	'monthly	'	'	'
Number of days past due to trigger debt covenant past due terms	'	'	'	'	'	'	'	'	'30 days	'	'
Number of days after past due date triggering late charge	'	'	'	'	'	'	'	'	'10 days	'	'
Late payment charge (as a percent)	'	'	'	'	'	'	'	'	5.00%	'	'
U.S. Postal Service Minimum Notice period, voluntary prepayment	'	'	'	'	'	'30 days	'	'	'	'	'
Electronic transmission or overnight courier, voluntary prepayment, minimum notification period	'	'	'	'	'	'20 days	'	'	'	'	'
Maximum prepayment notification period	'	'	'	'	'	'60 days	'	'	'	'	'