Steadfast Income REIT, Inc. Sample Contracts

Steadfast Income REIT, Inc. – NEWS RELEASE (November 9th, 2018)

Irvine, Calif., November 9, 2018 — Steadfast Income REIT, Inc. (the “Company”) announced today its operating results for the three and nine months ended September 30, 2018.

Steadfast Income REIT, Inc. – AMENDMENT NO. 11 TO THE AMENDED AND RESTATED ADVISORY AGREEMENT (November 9th, 2018)

This Amendment No. 11 to the Amended and Restated Advisory Agreement (this “Amendment”) is made and entered into as of November 7, 2018, by and among Steadfast Income REIT, Inc., a Maryland corporation (the “Company”), Steadfast Income REIT Operating Partnership, L.P., a Delaware limited partnership (the “Operating Partnership”), and Steadfast Income Advisor, LLC, a Delaware limited liability company (the “Advisor”). The Company, the Operating Partnership and the Advisor are collectively referred to herein as the “Parties”. Capitalized terms used but not defined herein shall have the meaning set forth in the Advisory Agreement (as defined below).

Steadfast Income REIT, Inc. – NEWS RELEASE (August 10th, 2018)

Irvine, Calif., August 10, 2018 — Steadfast Income REIT, Inc. (the “Company”) announced today its operating results for the three and six months ended June 30, 2018.

Steadfast Income REIT, Inc. – ASSUMPTION AND RELEASE AGREEMENT (June 15th, 2018)

This ASSUMPTION AND RELEASE AGREEMENT (“Agreement”) is dated as of June 11, 2018 by and among BRE JEFFERSON ST. ANDREWS OWNER LLC, a Delaware limited liability company (“Transferor”), SIR JEFFERSON, LLC, a Delaware limited liability company (“Transferee”), BRE IMAGINATION HOLDCO LLC, a Delaware limited liability company (“Original Guarantor”), STEADFAST INCOME REIT, INC., a Maryland corporation (“New Guarantor”) and Fannie Mae, the corporation duly organized under the Federal National Mortgage Association Charter Act, as amended, 12 U.S.C. §1716 et seq. and duly organized and existing under the laws of the United States (“Fannie Mae”).

Steadfast Income REIT, Inc. – AGREEMENTS: Section 1. Recitals. The recitals set forth above are incorporated herein by reference as if fully set forth in the body of this Amendment. Section 2. Defined Terms. Capitalized terms used and not specifically defined herein shall have the meanings given to such terms in the Loan Agreement. Section 3. Amendment and Modification of Loan Documents. (a) Amendment and Modification of Loan Agreement. (1) Article 3 through Article 15 are hereby deleted and restated as set forth on Exhibit C attached hereto and made a part hereof. (2) Schedule 1, Definitions, is hereby deleted in its enti (June 15th, 2018)
Steadfast Income REIT, Inc. – CONSTRUCTION MANAGEMENT SERVICES AGREEMENT (June 15th, 2018)

THIS CONSTRUCTION MANAGEMENT SERVICES AGREEMENT (this “Agreement”) is entered into as of June 11, 2018 by and between SIR JEFFERSON, LLC, a Delaware limited liability company (the “Company”), and PACIFIC COAST LAND & CONSTRUCTION, INC., a California corporation (the “Construction Manager”).

Steadfast Income REIT, Inc. – ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENT (June 15th, 2018)

For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, STEADFAST ASSET HOLDINGS, INC., a California corporation (“Assignor”), hereby assigns to SIR JEFFERSON, LLC, a Delaware limited liability company (“Assignee”), all of Assignor’s rights and obligations under and in regard to that certain Purchase and Sale Agreement and Joint Escrow Instructions dated March 26, 2018, (as may have been amended or may hereafter be amended, the “Purchase Agreement”), between BRE Jefferson St. Andrews Owner LLC, a Delaware limited liability company (“Seller”) and Assignor for the purchase and sale of that certain real property located in Plainfield, Indiana, as more particularly described in Exhibit A attached hereto (the “Property”).

Steadfast Income REIT, Inc. – PURCHASE AND SALE AGREEMENT AND JOINT ESCROW INSTRUCTIONS (June 15th, 2018)
Steadfast Income REIT, Inc. – PROPERTY MANAGEMENT AGREEMENT (June 15th, 2018)

THIS PROPERTY MANAGEMENT AGREEMENT (this “Agreement”) is entered into as of June 11, 2018 (the “Effective Date”), by and between SIR JEFFERSON, LLC, a Delaware limited liability company (“Owner”), and STEADFAST MANAGEMENT COMPANY, INC., a California corporation (“Manager”).

Steadfast Income REIT, Inc. – INTEREST RATE CAP RESERVE AND SECURITY AGREEMENT (June 15th, 2018)

This INTEREST RATE CAP RESERVE AND SECURITY AGREEMENT (this “Agreement”), dated as of June 11, 2018, is by and between SIR JEFFERSON, LLC, a Delaware limited liability company, (“Borrower”), and FANNIE MAE, a corporation duly organized under the Federal National Mortgage Association Charter Act, as amended, 12 U.S.C. §1716 et seq. and duly organized and existing under the laws of the United States (“Lender”).

Steadfast Income REIT, Inc. – FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT AND JOINT ESCROW INSTRUCTIONS (June 15th, 2018)

THIS FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT AND JOINT ESCROW INSTRUCTIONS (this “Amendment”) is made and entered into as of April 13, 2018, by and between BRE JEFFERSON ST. ANDREWS OWNER LLC, a Delaware limited liability company (“Seller”), and STEADFAST ASSET HOLDINGS, INC., a California corporation (“Buyer”).

Steadfast Income REIT, Inc. – MULTIFAMILY LOAN AND SECURITY AGREEMENT (June 6th, 2018)
Steadfast Income REIT, Inc. – ASSIGNMENT OF MANAGEMENT AGREEMENT AND SUBORDINATION OF MANAGEMENT FEES (June 6th, 2018)

THIS ASSIGNMENT OF MANAGEMENT AGREEMENT AND SUBORDINATION OF MANAGEMENT FEES (“Assignment”) is made effective as of the 31st day of May, 2018, by and among SIR CARRINGTON PARK, LLC, a Delaware limited liability company (“Borrower”), PNC BANK, NATIONAL ASSOCIATION, a national banking association (“Lender”), and STEADFAST MANAGEMENT COMPANY, INC., a California corporation (“Property Manager”).

Steadfast Income REIT, Inc. – MULTIFAMILY MORTGAGE, ASSIGNMENT OF RENTS SECURITY AGREEMENT AND FIXTURE FILING INDIANA (Revised 5-1-2015) (June 6th, 2018)

THIS MULTIFAMILY MORTGAGE, ASSIGNMENT OF RENTS, SECURITY AGREEMENT AND FIXTURE FILING (“Instrument”) is made to be effective as of the 31st day of May, 2018, between SIR OAK CROSSING, LLC, a limited liability company organized and existing under the laws of Delaware, whose address is c/o Steadfast Companies 18100 Von Karman Avenue, Suite 500, Irvine, California 92612, Attention - General Counsel: Ana Marie del Rio, as mortgagor (“Borrower”), and PNC BANK, NATIONAL ASSOCIATION, a national banking association, whose address is 26901 Agoura Road, Suite 200, Calabasas Hills, California 91301, Attention: Loan Servicing Manager, as mortgagee (“Lender”). Borrower’s organizational identification number, if applicable, is 5530307.

Steadfast Income REIT, Inc. – GUARANTY MULTISTATE (Revised 4-19-2018) (June 6th, 2018)

THIS GUARANTY (“Guaranty”) is entered into to be effective as of May 31, 2018, by STEADFAST INCOME REIT, INC., a Maryland corporation (“Guarantor”, collectively if more than one), for the benefit of PNC BANK, NATIONAL ASSOCIATION, a national banking association (“Lender”).

Steadfast Income REIT, Inc. – MULTIFAMILY NOTE FIXED RATE DEFEASANCE (June 6th, 2018)

FOR VALUE RECEIVED, SIR OAK CROSSING, LLC, a Delaware limited liability company (together with such party’s or parties’ successors and assigns, “Borrower”) jointly and severally (if more than one), promises to pay to the order of PNC BANK, NATIONAL ASSOCIATION, a national banking association, the principal sum of $20,512,000.00, with interest on the unpaid principal balance, as hereinafter provided.

Steadfast Income REIT, Inc. – ASSIGNMENT OF MANAGEMENT AGREEMENT AND SUBORDINATION OF MANAGEMENT FEES (June 6th, 2018)

THIS ASSIGNMENT OF MANAGEMENT AGREEMENT AND SUBORDINATION OF MANAGEMENT FEES (“Assignment”) is made effective as of the 31st day of May, 2018, by and among SIR OAK CROSSING, LLC, a Delaware limited liability company (“Borrower”), PNC BANK, NATIONAL ASSOCIATION, a national banking association (“Lender”), and STEADFAST MANAGEMENT COMPANY, INC., a California corporation (“Property Manager”).

Steadfast Income REIT, Inc. – MULTIFAMILY DEED OF TRUST, ASSIGNMENT OF RENTS, SECURITY AGREEMENT AND FIXTURE FILING TEXAS (Revised 10-11-2017) (June 6th, 2018)

THIS MULTIFAMILY DEED OF TRUST, ASSIGNMENT OF RENTS, SECURITY AGREEMENT AND FIXTURE FILING (“Instrument”) is made to be effective as of this 31st day of May, 2018, by SIR CARRINGTON PARK, LLC, a limited liability company organized and existing under the laws of Delaware, whose address is c/o Steadfast Companies, 18100 Von Karman Avenue, Suite 500, Irvine, California 92612, Attention - General Counsel: Ana Marie del Rio, as trustor (“Borrower”), to ANN JOHNSON, whose address is c/o Fidelity National Title, 1900 W. Loop South, Suite 200, Houston, Texas 77027, as trustee (“Trustee”), for the benefit of PNC BANK, NATIONAL ASSOCIATION, a national banking association, whose address is 26901 Agoura Road, Suite 200, Calabasas Hills, California 91301, Attention: Loan Servicing Manager, as beneficiary (“Lender”). Borrower’s organizational identification number, if applicable, is 5414273.

Steadfast Income REIT, Inc. – MULTIFAMILY NOTE FIXED RATE DEFEASANCE (June 6th, 2018)

FOR VALUE RECEIVED, SIR CARRINGTON PARK, LLC, a Delaware limited liability company (together with such party’s or parties’ successors and assigns, “Borrower”) jointly and severally (if more than one), promises to pay to the order of PNC BANK, NATIONAL ASSOCIATION, a national banking association, the principal sum of $19,670,000.00, with interest on the unpaid principal balance, as hereinafter provided.

Steadfast Income REIT, Inc. – MULTIFAMILY LOAN AND SECURITY AGREEMENT (June 6th, 2018)
Steadfast Income REIT, Inc. – GUARANTY MULTISTATE (Revised 4-19-2018) (June 6th, 2018)

THIS GUARANTY (“Guaranty”) is entered into to be effective as of May 31, 2018, by STEADFAST INCOME REIT, INC., a Maryland corporation (“Guarantor”, collectively if more than one), for the benefit of PNC BANK, NATIONAL ASSOCIATION, a national banking association (“Lender”).

Steadfast Income REIT, Inc. – NEWS RELEASE (May 11th, 2018)

Irvine, Calif., May 11, 2018 — Steadfast Income REIT, Inc. (the “Company”) announced today its operating results for the three months ended March 31, 2018. During the first quarter of 2018, the Company disposed of 11 multifamily properties, including the contribution of eight properties to a joint venture with Blackstone Real Estate Investment Trust, Inc. (the "Joint Venture"), for a gross sales price of $256.1 million, exclusive of closing costs, for a gain on sales of real estate of $81.2 million. The reduction of the size of the Company's portfolio as a result of the contribution of properties to the Joint Venture and other property sales had a significant impact on the Company's results of operations for the three months ended March 31, 2018, compared to the three months ended March 31, 2017.

Steadfast Income REIT, Inc. – STEADFAST INCOME REIT, INC. SHARE REPURCHASE PROGRAM (April 20th, 2018)

The share repurchase program (the “Share Repurchase Program”) of Steadfast Income REIT, Inc., a Maryland corporation (the “Company”), may provide an opportunity for the Company’s 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 Program 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.

Steadfast Income REIT, Inc. – March 29, 2018 Dear Fellow Stockholder: We are writing to provide you with an update related to your investment in Steadfast Income REIT, Inc. (“SIR”). (March 29th, 2018)

Since we accepted our last investor in January 2014, SIR has been committed to successfully executing its strategy of acquiring and actively managing stable, income-producing properties to generate consistent, attractive distributions with the potential for capital appreciation. To date, we have provided a total return on your investment between $2.93 per share and $5.29 per share, depending on the timing of your initial investment. Total return based on cumulative distributions per share paid through December 31, 2017. Range shown represents early investors that invested approximately when distributions began to accrue and late investors that invested approximately at the close of the public offering. Additionally, SIR’s estimated value per share has consistently been above the offering prices of $10.00 and $10.24 in our public offering. On March 10, 2015, SIR first determined an estimated value per share of its common stock as of December 31, 2014, in accordance with Investment Prog

Steadfast Income REIT, Inc. – NEWS RELEASE (March 29th, 2018)

Irvine, Calif., March 29, 2018 — Steadfast Income REIT, Inc. (the “Company”) announced today its operating results for the year ended December 31, 2017.

Steadfast Income REIT, Inc. – • I would like to echo Rod’s sentiments and tell you how much we have appreciated your support over the years. Our partnership has generated tangible results, and we look forward to that continuing. • Let me now take a step back to explain where we are as a business today. As you know, in November 2017, we announced that SIR formed a joint venture with Blackstone Real Estate Income Trust, or BREIT, with respect to 20 apartment communities owned by SIR. • We received approximately $154 million in net proceeds from the transaction while retaining a 10% interest in that portfolio. An affiliate of (March 29th, 2018)

I am Rod Emery, the CEO of Steadfast Companies and Steadfast Income REIT, and I am joined here today by Ella Neyland, President of Steadfast Income REIT.

Steadfast Income REIT, Inc. – NEWS RELEASE (November 13th, 2017)

Irvine, Calif., November 13, 2017 — Steadfast Income REIT, Inc. (the “Company”) announced today its operating results for the three and nine months ended September 30, 2017.

Steadfast Income REIT, Inc. – CONTRIBUTION AGREEMENT BY AND BETWEEN STEADFAST INCOME REIT, INC., and BREIT STEADFAST MF JV LP and BREIT STEADFAST MF PARENT LLC and BREIT STEADFAST MF GP LLC Date: November 10, 2017 Properties: 21 Property Multifamily Portfolio (including Valley Farms Clubhouse) (November 13th, 2017)

THIS CONTRIBUTION AGREEMENT (this “Agreement”) is made and entered into as of the 10th day of November, 2017, by and between STEADFAST INCOME REIT, INC. (hereinafter referred to as “Steadfast”), BREIT STEADFAST MF JV LP (hereinafter referred to as the “Company”) BREIT STEADFAST MF PARENT LLC (hereinafter referred to as “BREIT LP”) and BREIT STEADFAST MF GP LLC (the “BREIT GP”; together with BREIT LP, hereinafter referred to, collectively, as “Blackstone” or the “BREIT Partners”) (each a “Party” and collectively the “Parties”).

Steadfast Income REIT, Inc. – STEADFAST INCOME REIT, INC. ANNOUNCES JOINT VENTURE WITH BLACKSTONE REAL ESTATE INCOME TRUST, INC. (November 13th, 2017)

IRVINE, Calif. (Nov. 13, 2017) - Steadfast Income REIT, Inc. (“SIR”) announced today that it has entered into a joint venture arrangement with Blackstone Real Estate Income Trust, Inc. (“BREIT") with respect to 20 of the 63 apartment communities owned by SIR. In the transaction, BREIT will acquire a 90 percent ownership interest in the 20 apartment community portfolio for approximately $460.8 million in cash and debt assumption. SIR will continue to own 10 percent of the portfolio. Affiliates of SIR will continue to provide property management services for the properties in the joint venture. The transaction is expected to close in two tranches during the next 60 days.

Steadfast Income REIT, Inc. – AMENDMENT NO. 10 TO THE AMENDED AND RESTATED ADVISORY AGREEMENT (November 13th, 2017)

This Amendment No. 10 to the Amended and Restated Advisory Agreement (this “Amendment”) is made and entered into as of November 7, 2017, by and among Steadfast Income REIT, Inc., a Maryland corporation (the “Company”), Steadfast Income REIT Operating Partnership, L.P., a Delaware limited partnership (the “Operating Partnership”), and Steadfast Income Advisor, LLC, a Delaware limited liability company (the “Advisor”). The Company, the Operating Partnership and the Advisor are collectively referred to herein as the “Parties”. Capitalized terms used but not defined herein shall have the meaning set forth in the Advisory Agreement (as defined below).

Steadfast Income REIT, Inc. – NEWS RELEASE (August 10th, 2017)

Irvine, Calif., August 10, 2017 — Steadfast Income REIT, Inc. (the “Company”) announced today its operating results for the three and six months ended June 30, 2017.

Steadfast Income REIT, Inc. – NEWS RELEASE (May 10th, 2017)

Irvine, Calif., May 10, 2017 — Steadfast Income REIT, Inc. (the “Company”) announced today its operating results for the three months ended March 31, 2017.

Steadfast Income REIT, Inc. – NEWS RELEASE (March 16th, 2017)

Irvine, Calif., March 16, 2017 — Steadfast Income REIT, Inc. (the “Company”) announced today its operating results for the year ended December 31, 2016.

Steadfast Income REIT, Inc. – NEWS RELEASE (February 16th, 2017)

IRVINE, Calif., Feb. 16, 2017 - Steadfast Income REIT, Inc. (SIR) announced today the determination of an estimated value per share of the company’s common stock of $11.65 as of December 31, 2016.

Steadfast Income REIT, Inc. – AMENDMENT NO. 9 TO THE AMENDED AND RESTATED ADVISORY AGREEMENT (November 14th, 2016)

This Amendment No. 9 to the Amended and Restated Advisory Agreement (this “Amendment”) is made and entered into as of November 8, 2016, by and among Steadfast Income REIT, Inc., a Maryland corporation (the “Company”), Steadfast Income REIT Operating Partnership, L.P., a Delaware limited partnership (the “Operating Partnership”), and Steadfast Income Advisor, LLC, a Delaware limited liability company (the “Advisor”). The Company, the Operating Partnership and the Advisor are collectively referred to herein as the “Parties.” Capitalized terms used but not defined herein shall have the meaning set forth in the Advisory Agreement (as defined below).