0000899243-20-024010.txt : 20200902 0000899243-20-024010.hdr.sgml : 20200902 20200902194344 ACCESSION NUMBER: 0000899243-20-024010 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200831 FILED AS OF DATE: 20200902 DATE AS OF CHANGE: 20200902 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Emery Rodney F CENTRAL INDEX KEY: 0001548193 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-55428 FILM NUMBER: 201158046 MAIL ADDRESS: STREET 1: 18100 VON KARMAN AVE STREET 2: SUITE 500 CITY: IRVINE STATE: CA ZIP: 92612 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Steadfast Apartment REIT, Inc. CENTRAL INDEX KEY: 0001585219 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 18100 VON KARMAN AVE STREET 2: STE 200 CITY: IRVINE STATE: CA ZIP: 92612 BUSINESS PHONE: 949-569-9700 MAIL ADDRESS: STREET 1: 18100 VON KARMAN AVE STREET 2: STE 200 CITY: IRVINE STATE: CA ZIP: 92612 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2020-08-31 0 0001585219 Steadfast Apartment REIT, Inc. NONE 0001548193 Emery Rodney F 18100 VON KARMAN AVENUE, SUITE 200 IRVINE CA 92612 1 1 0 0 Chief Executive Officer Common Stock 2020-09-01 4 J 0 92792.17 15.23 A 622652.78 I By Steadfast Apartment Advisor, LLC Common Stock 26687 I By Steadfast REIT Investments, LLC Common Stock 289746 I By Steadfast Income Advisor, LLC Common Stock 11440 I By Steadfast Apartment Advisor III, LLC Common Stock 46697.79 D Common Stock 9533 I By Spouse Class B OP Units 2020-08-31 4 J 0 6155613.02 A 2021-09-01 Common Stock 6155613.02 6155613.02 I By Steadfast REIT Investments, LLC Steadfast Apartment Advisor, LLC, the issuer's external advisor ("STAR Advisor"), receives a monthly investment management fee that is paid 50% in shares of common stock of the issuer and 50% in cash.The share grant issued above is for the month of August 2020. STAR Advisor is owned by Steadfast REIT Investments, LLC ("SRI") (discussed below), which is indirectly majority owned and controlled by the reporting person. The reporting person may be deemed to beneficially own the shares held by STAR Advisor, but the reporting person disclaims beneficial ownership of such shares except to the extent of the reporting person's pecuniary interest therein. These shares are held directly by SRI. The reporting person may be deemed to beneficially own the shares held by SRI, but the reporting person disclaims beneficial ownership of such shares except to the extent of the reporting person's pecuniary interest therein. Number of shares indicated in Item 5 does not include shares directly held by STAR Advisor, SIR Advisor and STAR III Advisor (each as defined herein). These shares are held directly by Steadfast Income Advisor, LLC ("SIR Advisor"), which is owned by SRI. The reporting person may be deemed to beneficially own the shares held by SIR Advisor, but the reporting person disclaims beneficial ownership of such shares except to the extent of the reporting person's pecuniary interest therein. These shares are held directly by Steadfast Apartment Advisor III, LLC ("STAR III Advisor"), which is owned by SRI. The reporting person may be deemed to beneficially own the shares held by STAR III Advisor, but the reporting person disclaims beneficial ownership of such shares except to the extent of the reporting person's pecuniary interest therein. These shares are held directly by reporting person's spouse. The reporting person disclaims beneficial ownership of such shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the shares for purposes of Section 16 or for any other purposes. The class B units of limited partnership interest ("Class B OP Units") in Steadfast Apartment REIT Operating Partnership, L.P., the operating partnership (the "Operating Partnership") of the issuer and of which the issuer is the general partner, were issued to SRI in exchange for assets contributed to the Operating Partnership in connection with the internalization of the management of the issuer and were valued at $15.23 per Class B OP Unit, which was the most recently estimated value per share of the issuer's common stock. Commencing one year from the date of issuance, each Class B OP Unit is redeemable for cash equal to the then-current market value of one share of the issuer's common stock or, at the election of the issuer, one share of the issuer's common stock. Class B OP Units have no expiration date. The reporting person may be deemed to beneficially own the Class B OP Units held by SRI, but the reporting person disclaims beneficial ownership of such Class B OP Units except to the extent of the reporting person's pecuniary interest therein. /s/ Gustav Bahn, as attorney-in-fact for Rodney F. Emery 2020-09-02 EX-24 2 attachment1.htm EX-24 DOCUMENT

                              POWER OF ATTORNEY

     Know all by these presents, that the undersigned hereby constitutes and
appoints each of Gustav Bahn and David Miller, and with full power of
substitution, as the undersigned's true and lawful attorney-in-fact to:

     (1)     execute for and on behalf of the undersigned, in the undersigned's
capacity as an officer and/or director of Steadfast Apartment REIT, Inc., a
Maryland corporation (the "Company"), Forms 3, 4, and 5 in accordance with
Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder;

     (2)     do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete and execute any such
Form 3, 4, or 5, complete and execute any amendment or amendments thereto, and
timely file such form with the U.S. Securities and Exchange Commission
(the "SEC") and any stock exchange or similar authority; and

     (3)     take any other action of any type whatsoever in connection with the
foregoing which, in the opinion of any such attorney-in-fact, may be of benefit
to, in the best interest of, or legally required by, the undersigned, it being
understood that the documents executed by any such attorney-in-fact on behalf of
the undersigned pursuant to this Power of Attorney shall be in such form and
shall contain such terms and conditions as such attorney-in-fact may approve in
any such attorney-in-fact's discretion.

     The undersigned hereby grants to each such attorney-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite,
necessary, or proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution or revocation,
hereby ratifying and confirming all that each such attorney-in-fact, or each
such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to
be done by virtue of this power of attorney and the rights and powers herein
granted.  The undersigned acknowledges that the foregoing attorneys-in-fact, in
serving in such capacity at the request of the undersigned, are not assuming,
nor is the Company assuming, any of the undersigned's responsibilities to comply
with Section 16 of the Securities Exchange Act of 1934.

     This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4, and 5 with respect to the
undersigned's holdings of and transactions in securities issued by the Company,
unless earlier revoked by the undersigned in a signed writing delivered to each
of the foregoing attorneys-in-fact.


                         [Signature on Next Page]

      IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to
be executed as of this 31st day of August, 2020.


                                              /s/ Rodney F. Emery
                                              ----------------------------
                                              Name: Rodney F. Emery