ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENT AND INSURANCE AGREEMENTInsurance Proceeds Assignment and Agreement • July 1st, 2015 • Steadfast Apartment REIT, Inc. • Real estate investment trusts • Colorado
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 STAR BELLA TERRA, LLC, a Delaware limited liability company (“Assignee”), all of Assignor’s rights and obligations under and in that certain Purchase and Sale Agreement dated March 19, 2015, (as may have been amended or may hereafter be amended, the “Purchase Agreement”), between GPP Countryside LLC, a Delaware limited liability company (“Seller”) and Assignor for the purchase and sale of that certain real property located in Aurora, Colorado, as more particularly described in Exhibit A attached hereto (the “Property”).
