ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT

Exhibit 10.2

ASSIGNMENT AND ASSUMPTION OF

PURCHASE AND SALE AGREEMENT

For good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the undersigned Inland Real Estate Acquisitions, Inc., an Illinois corporation (“Assignor”) hereby assigns to IRESI Frederick Market Square, L.L.C., a Delaware limited liability company (“Assignee”) all of Assignor’s right, title and interest to purchase that property known as Haven at Market Square Apartments, located at 000 Xxxxxxxxx Xxxxx, Xxxxxxxxx, Xxxxxxxx (the “Property”) pursuant to that certain Purchase and Sale Agreement between Assignor, as purchaser, and The Haven at Market Square, LLC, as seller, dated as of July 20, 2015, as amended (the “Purchase Agreement”).

By execution hereof by Assignee, Assignee for itself and its successors and assigns hereby accepts the assignment and assumes all of the obligations of Assignor under the Purchase Agreement with respect to the Property.

This Assignment and Assumption of Purchase Agreement is effective as of the 30th day of September, 2015.

	ASSIGNOR:	Inland Real Estate Acquisitions, Inc., an Illinois corporation
		By:	/s/ G. Xxxxxx Xxxxxxx
		Name:	G. Xxxxxx Xxxxxxx
		Its:	President
	ASSIGNEE:	IRESI Frederick Market Square, L.L.C., a Delaware limited liability company
		By:	Inland Residential Operating Partnership, L.P., Sole Member
		By:	Inland Residential Properties Trust, Inc., a Maryland corporation, General Partner
		By:	/s/ Xxxxx X. Xxxxxxxxxx
		Name:	Xxxxx X. Xxxxxxxxxx
		Its:	Vice President, Treasurer & CAO