SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 31, 1999 CORNERSTONE REALTY INCOME TRUST, INC. (Exact name of registrant as specified in its charter) VIRGINIA 1-12875 54-1589139 (State of (Commission (IRS Employer incorporation) File Number) Identification No.) 306 East Main Street Richmond, Virginia 23219 (Address of principal (Zip Code) executive offices) Registrant's telephone number, including area code: (804) 643-1761 CORNERSTONE REALTY INCOME TRUST, INC. FORM 8-K Index Item 5. Other Events. Item 7. Exhibits. Exhibits: 99 Press Release dated March 31, 1999 announcing the entering into of a definitive merger agreement by Cornerstone Realty Income Trust, Inc. and Apple Residential Income Trust, Inc. Item 5. Other Events On March 31, 1999, Cornerstone Realty Income Trust, Inc. ("Cornerstone") issued a Press Release (attached as an Exhibit to this Report) announcing that it had entered into a definitive merger agreement with Apple Residential Income Trust, Inc. ("Apple") under which Cornerstone would acquire Apple. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Cornerstone Realty Income Trust, Inc. Date: April 5, 1999 By: /s/ Stanley J. Olander, Jr. --------------------------------- Stanley J. Olander, Jr. Chief Financial Officer Cornerstone Realty Income Trust, Inc. Index to Exhibits Exhibit No. Exhibit - --------- ------- 99 Press Release dated March 31, 1999 announcing the entering into of a definitive merger agreement by Cornerstone Realty Income Trust, Inc. and Apple Residential Income Trust, Inc.