EXHIBIT 10.2

FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT
THIS FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT ("Amendment"), is made as of
the 8th day of August, 2014 by and between PPF AMLI 4021 MCGINNIS FERRY ROAD,
LLC, a Delaware limited liability company ("Seller") and STEADFAST ASSET
HOLDINGS, INC., a California corporation ("Buyer").
RECITALS:
WHEREAS, Seller and Buyer entered into that certain Purchase and Sale Agreement
dated July 9, 2014 (the "Purchase Agreement"), for the purchase and sale of
improved real property, together with personal and intangIble property, located
in Gwinnett County, Georgia, and more particularly described in the Purchase
Agreement (the "Property");
WHEREAS, Seller and Buyer desire to amend the Purchase Agreement as set forth
herein.
NOW, THEREFORE, in consideration of the foregoing and the mutual undertakings
set forth herein, and for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, Seller and Buyer hereby agree as
follows:
1.Definitions. All capitalized tenns used but not defined herein shall have the
meaning ascribed to them in the Purchase Agreement.
2.Recitals. The recitals set forth above are incorporated herein as part of this
Amendment.
3.Record Access and Retention. The Purchase Agreement is hereby amended to
include the following Section 15.16:

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"15.16 Record Access and Retention. Seller shall provide to Buyer (at Buyer's
expense) copies of, or shall provide Buyer reasonable access to, such factual
infonnation as may be reasonably requested by Buyer, and in the possession or
control of SelIer, or its property manager or accountants, necessary to enable
Buyer's auditor to conduct an audit, in accordance with Rule 3-14 of Securities
and Exchange Commission Regulation S-X, of the income statements of the Property
for the year to date of the year in which Closing occurs plus the one (1)
immediately preceding calendar year (provided, however, that other than fees
paid or payable to Seller, a Seller affiliate or·a third party for on-site
property management, such audit shall not include an audit of asset management
fees internally allocated by Seller (as opposed to paid to a third party) or
interest expenses attributable to Seller), including but not limited to the
infonnation set forth on Schedule 2 attached hereto and incorporated herewith;
provided, however that Seller shall have no obligation to provide any
confidential and/or proprietary materials. Buyer shall be responsible for all
out-of-pocket costs associated with this audit. Seller shall reasonably
cooperate (at no cost to Seller) with Buyer's auditor in the conduct of such
audit. In addition, Seller agrees to provide to Buyer or any affiliate of Buyer,
if requested by such auditor, historical financial statements for the Property,
including (without limitation) income and balance sheet data for the Property,
whether required before or after Closing. Without limiting the foregoing, (i)
Buyer or its designated independent or other auditor may audit Seller's
operating statements of the Property, at Buyer's expense, and Seller shall
provide such documentation as Buyer or its auditor may reasonably request in
order to complete such audit, and (ii) Seller shall furnish to Buyer such
financial and other information as may be reasonably required by Buyer or any
affiliate of Buyer to make any required filings with the Securities and Exchange
Commission or other governmental authority. Seller's obligation to maintain its
records for use under this Section shall be an on-going condition to Closing for
Buyer's benefit until Closing. Seller shall maintain its records for use under
this Section 15.16 for a period of not less than two (2) years after the Closing
Date. The provisions of this Section shall survive Closing for a period of two
(2) years."

4.Schedules. The document attached hereto as Schedule 2 is hereby added to the
Agreement as new "Schedule 2".
5.Expiration of Due Diligence Period. The Due Diligence Period shall expire upon
the full execution of this Amendment. Buyer hereby waives its right to terminate
the Purchase Agreement pursuant to Section 5.3 thereof.
6.
No Other Amendments. Except as otherwise expressly amended by this Amendment,

(a) this Amendment shall not otherwise operate to waive, modify, release,
consent to or in any manner affect any rights or obligations of Seller and Buyer
under the Purchase Agreement, and
(b) the Purchase Agreement (as amended by this Amendment) remains in full force
and effect.

7.Conflict; Counterparts. In the event of any conflict between the terms of this
Amendment and the Purchase Agreement, this Amendment shall control. This
Amendment may be executed in multiple counterparts via facsimile or email in
.PDF format, each of which shall be deemed to be an original, but such
counterparts when taken together shall constitute but one Amendment.
8.Successors and Assigns. This Amendment shall be binding upon, and inure to the
benefit of, the parties hereto and their respective successors, heirs,
administrators and assigns.

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9.Governing Law. This Amendment shall be governed by and construed in accordance
with the laws of the state in which the Property is located without regard to
choice of law rules.

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IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the
date first above written.

SELLER:
 
 
 
 
 
PPF AMLI 4021 McGinnis Ferry Road, LLC, a
Delaware limited liability company

By:
AMLI Residential Properties, L.P., a
 
Delaware limited partnership
Its:
Sole Member

By:
AMLI Residential Partners LLC,
 
a Delaware limited liability company
Its:
General Partner

By:
/s/ Fred Shapiro
Name:
Fred Shapiro
Title:
Senior Vice President

BUYER:
 
 
 
 
 
STEADFAST ASSET HOLDINGS, INC.,
a California corporation
 

By:
/s/ Ana Marie del Rio
Name:
Ana Marie del Rio
Title:
Vice President

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