Baltimore New Construction & Proposed Multifamily Projects 1Q20

ID PROPERTY UNITS

13 Enclave at Box Hill Phase II 149 Total Lease Up 149

22 Riverwoods at Tollgate Phase II 57 Total Under Construction 57

49 Harbour Hills 60 49 50 James Run Project 300 51 Village at Blenheim Run 51 Total Planned 411 119

116 New Hope Commons 50 120 117 Aumar Village Residential Subdivision 86 121 118 Bel Air Overlook 201 51 119 Crossroads at Hickory 184 120 830-858 Gilbert Road 322 118 121 Residences at Greenway Farms 480 Phase II & III Total Prospective 1,323

117 50

13

22

116

1mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective New Construction & Proposed Multifamily Projects 1Q20

53

ID PROPERTY UNITS

1 Wexley at 100, The 392 4 View at Mill Run Phase II, The 157 7 Juniper 382 Total Lease Up 931

15 Warfield at Historic Sykesville, The 180 109 20 Red Run Station 72 21 Corridor Square 250 Total Under Construction 502 124 54 122 125 44 Avalon Foundry Row 437 4 20 123 44 47 Ellicott Gardens Phase II 70 55 48 Long Reach Village Center 252 56 110 52 Mount Airy Senior 60 15 53 Taneytown Crossing 100 52 54 East of Market Phase II 50 55 Hamilton Station 56 56 Meadow Road & Old National Pike 600 108 Total Planned 1,625

107 Promenade 250 107 108 Johnnycake Road 318 109 Hunt Valley Towne Center 500 113 Redevelopment 110 Enclave at Lyons Mill, The 54 115 47 112 112 Riverwatch Phase II 58 114 7 48 1 113 Dorsey Overlook 133 114 Clarksville Commons Phase II 100 21 115 Downtown Columbia 509 Lakefront Core 122 Catoctin Manor Redevelopment 76 123 South Street Centre 152 124 Free and Medwid 100 125 Sycamore Ridge 124 Total Prospective 2,374 5mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Baltimore New Construction & Proposed Multifamily Projects 1Q20

ID PROPERTY UNITS

5 Alta Brewers Hill 371 10 Bainbridge Federal Hill 224 Total Lease Up 595

17 800 Fleet Street 380 Total Under Construction 380 34

28 Alta Federal Hill 475 92 29 Port Covington Building E1 165 59 86 17 38 93 30 Stadium Square 315 31 85 90 31 Fleet Street 400 87 34 Jefferson Square at Washington 220 5 Hill Phase II 79 36 36 3400 Boston Street 241 91 30 37 Canton Overlook 63 80 75 89 37 38 Yard 56 500 10 102 58 Port Covington 548 28 76 59 Perkins Homes Redevelopment 636 29 Total Planned 3,563 58

75 1401 Woodall Street 65 76 1901 Light Street 165 79 East Hamburg Street & Riverside 100 Avenue 80 Hanover Federal Hill 309 85 2030 Aliceanna 87 86 509 South Washington Street 100 87 Station at Fells Point 300 89 1516 South Baylis 504 90 3901 Dillon Street 500

91 Collective at Canton, The 575 103 92 Eastern & Bank 140 93 Crown Industrial Park Redevelopment 100 102 47 West Avenue 173 103 Lyon Homes Phase II 90 Total Prospective 3,208 2000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Baltimore New Construction & Proposed Multifamily Projects 1Q20

40

ID PROPERTY UNITS

2 Walbrook Mill 65 8 Center \ West 262 43 11 9 E Mt Royal 64 12 New Shiloh Village Phase II 80 42 16 14 Nelson Kohl 103 Total Lease Up 574 99

95 16 Woodberry, The 284 96 Total Under Construction 284 100

39 27 Marshall Gardens 87 39 Village Center at Stadium Place, The 74 40 Overlook at Roland Park 148 41 Madison Park North 100 Redevelopment 94 42 Woodland Gardens I 80 43 Park Heights 288 Total Planned 777 97 12 41 81 2 14 69 Ashbie, The 53 72 800 Blocks of Harlem and 100 Edmondson 11 73 126 73 545 27 Gilmor Homes Redevelopment 69 74 Center \ West Phase II 400 77 414 Light Phase II 100 78 719 West 50 72 81 1812 Greenmount 50 94 Sisson Street 100 8 95 Flamingo Place 100 74 96 Plant 83 100 97 Walbrook Mill Phase II 100 78 98 St Benedict Row 68 77 99 Rosewood Family Housing 104 98 100 Woodberry Station 51 101 Bon Secours Gibbons Phase II 58 126 Pedestal Gardens Redevelopment 311 101 Total Prospective 2,290 2000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Baltimore New Construction & Proposed Multifamily Projects 1Q20

35

88

ID PROPERTY UNITS 83 18 Hendler, The 275 33 Total Under Construction 275 71

23 325 West Baltimore Street 321 24 400 Park Avenue 94 68 25 414 Park Avenue 94 61 26 Perkins Phase I 102 32 32 S 1 104 60 33 Eager Square 246 35 Sojourner Place at Wolfe 70 82 57 23 South 62 60 633 Aisquith Street 170 70 61 S 2 197 84 25 Total Planned 1,460 127 24 64 62 300 East Pratt Street 300 63 600 East Lombard Street 100 64 Four Ten Lofts 78 65 Mechanic Theatre Redevelopment 476 66 Port Discovery Balloon 125 Redevelopment 18 67 University Lofts 230 67 68 814 North Charles Street 142 70 Mayfair Theatre Redevelopment 50 66 65 71 West Eager Street & 126 23 57 Cathedral Street 82 500 North Central Avenue 104 63 83 520 Somerset Street 69 84 Baltimore East Side Redevelopment 2,500 26 88 Gateway at Washington Hill 210 62 127 Oldtown Mall 100 Total Prospective 4,610 500 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Baltimore New Construction & Proposed Multifamily Projects 1Q20

106

9 19

105 ID PROPERTY UNITS 3 6 3 Aspen Heights 248 6 Elan Towson 192 9 Avalon Towson 371 Total Lease Up 811

104 19 Towson Row 250 Total Under Construction 250

104 Bluestem 140 105 Townson Row Phase II 220 106 Village of Cross Keys 318 Total Prospective 678 1mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Baltimore New Construction & Proposed Multifamily Projects 1Q20

45

46 111

ID PROPERTY UNITS

45 Evergreens Annapolis 50 46 Lofts at Eastport Landing 98 Total Planned 148

111 Newtowne 86 Total Prospective 86 2000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Baltimore New Construction & Proposed Multifamily Projects

PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP

1 Wexley at 100, The 6081 Otterbein Lane Ellicott City MD 21043 Lease-Up 392 Ellicott City 01/31/2019 01/31/2021 09/30/2019 2 Walbrook Mill 2636 West North Avenue Baltimore MD 21216 Lease-Up 65 Baltimore - Mondawmin 05/31/2019 12/31/2020 01/06/2020

3 Aspen Heights 101 York Road Towson MD 21204 Lease-Up 248 Towson - Southwest 10/15/2018 08/31/2020 01/01/2020 4 View at Mill Run Phase II, The 9755 Mill Centre Drive Owings Mills MD 21117 Lease-Up 157 Owings Mills 09/30/2018 08/31/2020 12/01/2019

5 Alta Brewers Hill 1211 South Eaton Street Baltimore MD 21224 Lease-Up 371 Baltimore - Brewers Hill 08/01/2018 07/31/2020 03/17/2020 6 Elan Towson 1274 East Joppa Road Towson MD 21286 Lease-Up 192 Towson - Northeast 02/01/2019 06/30/2020 01/31/2020 7 Juniper 6000 Merriweather Drive Columbia MD 21044 Lease-Up 382 Columbia 11/30/2018 06/30/2020 12/01/2019 8 Center \ West 101 North Schroeder Street Baltimore MD 21223 Lease-Up 262 Baltimore - Poppleton 02/06/2017 05/31/2020 12/31/2019 9 Avalon Towson 2 East Joppa Road Towson MD 21286 Lease-Up 371 Towson - Northeast 12/01/2017 05/31/2020 12/20/2019 10 Bainbridge Federal Hill 1110 Key Hwy East Baltimore MD 21230 Lease-Up 224 Baltimore - South 01/31/2018 05/31/2020 08/30/2019 11 9 E Mt Royal 9 East Mount Royal Avenue Baltimore MD 21202 Lease-Up 64 Baltimore - Midtown 05/01/2018 05/31/2020 04/01/2019 12 New Shiloh Village Phase II 901 Elgin Avenue Baltimore MD 21217 Lease-Up 80 Baltimore - Mondawmin 12/30/2017 05/31/2020 08/31/2018 13 Enclave at Box Hill Phase II 3405 McCurley Drive Abingdon MD 21009 Lease-Up 149 Bel-Air 06/01/2017 05/31/2020 03/01/2018 14 Nelson Kohl 20 East Lanvale Street Baltimore MD 21202 Lease-Up 103 Baltimore - Oldtown 11/01/2016 05/31/2020 02/22/2018 Total Lease-Up 3,060

15 Warfield at Historic Sykesville, The 6939 Warfield Avenue Sykesville MD 21784 Under Construction 180 Sykesville - Mount Airy 03/31/2019 12/31/2020 16 Woodberry, The 2001 West Cold Spring Lane Baltimore MD 21211 Under Construction 284 Baltimore - Pimlico 01/31/2019 06/30/2020 17 800 Fleet Street 801 Eastern Avenue Baltimore MD 21202 Under Construction 380 Baltimore - Little Italy 07/31/2018 05/31/2020 18 Hendler, The 1100 East Baltimore Street Baltimore MD 21202 Under Construction 275 Baltimore - Little Italy 07/31/2018 05/31/2020 19 Towson Row 305 York Road Towson MD 21204 Under Construction 250 Towson - Southwest 12/31/2018 05/31/2020 20 Red Run Station Red Brook Blvd & Red Run Blvd Owings Mills MD 21117 Under Construction 72 Owings Mills 02/01/2019 05/31/2020 21 Corridor Square Dorsey Run Road & Washington Blvd Elkridge MD 21075 Under Construction 250 Elkridge 06/26/2019 05/31/2020 22 Riverwoods at Tollgate Phase II 3807 Monument Circle Abingdon MD 21009 Under Construction 57 Bel-Air 06/30/2019 05/31/2020 Total Under Construction 1,748

23 325 West Baltimore Street 325 West Baltimore Street Baltimore MD 21201 Planned 321 Baltimore - Downtown 24 400 Park Avenue 400 Park Avenue Baltimore MD 21201 Planned 94 Baltimore - Downtown 25 414 Park Avenue 414 Park Avenue Baltimore MD 21201 Planned 94 Baltimore - Downtown 26 Perkins Phase I 104 East Pratt Street Baltimore MD 21231 Planned 102 Baltimore - Downtown 27 Marshall Gardens 1700 Division Street Baltimore MD 21217 Planned 87 Baltimore - Upton 28 Alta Federal Hill 1800 South Hanover Street Baltimore MD 21230 Planned 475 Baltimore - South 29 Port Covington Building E1 1901 Light Street Baltimore MD 21230 Planned 165 Baltimore - South 30 Stadium Square 100 West Ostend Street Baltimore MD 21230 Planned 315 Baltimore - South 31 Fleet Street 900 Fleet Street Baltimore MD 21202 Planned 400 Baltimore - Little Italy North Central Avenue & East 32 S 1 Baltimore MD 21202 Planned 104 Baltimore - Oldtown Monument Street Baltimore - Middle East- 33 Eager Square 1700 East Eager Street Baltimore MD 21205 Planned 246 Washington Hill Source: Yardi Matrix Yardi Source: Baltimore New Construction & Proposed Multifamily Projects

PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP

Jefferson Square at Washington Hill Baltimore - Middle East- 34 101 North Wolfe Street Baltimore MD 21231 Planned 220 Phase II Washington Hill Baltimore - Middle East- 35 Sojourner Place at Wolfe 1402 North Wolfe Street Baltimore MD 21213 Planned 70 Washington Hill 36 3400 Boston Street 3400 Boston Street Baltimore MD 21224 Planned 241 Baltimore - Brewers Hill 37 Canton Overlook 1617 Broening Hwy Baltimore MD 21224 Planned 63 Baltimore - Southeast 38 Yard 56 5601 Eastern Avenue Baltimore MD 21224 Planned 500 Baltimore - Southeast 39 Village Center at Stadium Place, The 1100 East 33rd Street Baltimore MD 21218 Planned 74 Baltimore - Waverly 40 Overlook at Roland Park Falls Road & West Northern Pkwy Baltimore MD 21210 Planned 148 Baltimore - Roland Park 41 Madison Park North Redevelopment 738 West North Avenue Baltimore MD 21217 Planned 100 Baltimore - Reservoir Hill 42 Woodland Gardens I 4701 Park Heights Avenue Baltimore MD 21215 Planned 80 Baltimore - Pimlico West Belvedere Avenue & Park 43 Park Heights Baltimore MD 21215 Planned 288 Baltimore - Glen-Fallstaff Heights Avenue Painters Mill Road & Reisterstown 44 Avalon Foundry Row Garrison MD 21117 Planned 437 Owings Mills Road 45 Evergreens Annapolis 2510 Riva Road Annapolis MD 21401 Planned 50 Annapolis 46 Lofts at Eastport Landing 915 Chesapeake Avenue Annapolis MD 21403 Planned 98 Annapolis 47 Ellicott Gardens Phase II 5505 Waterloo Road Ellicott City MD 21043 Planned 70 Ellicott City 48 Long Reach Village Center Foreland Garth & Tamar Drive Columbia MD 21045 Planned 252 Columbia 49 Harbour Hills 1001 Graceview Drive Havre de Grace MD 21078 Planned 60 Aberdeen 50 James Run Project Interstate 95 & Maryland Route 543 Bel Air MD 21015 Planned 300 Aberdeen 51 Village at Blenheim Run 1921 Pulaski Hwy Havre De Grace MD 21078 Planned 51 Aberdeen 52 Mount Airy Senior 1015 Ridge Avenue Mount Airy MD 21771 Planned 60 Sykesville - Mount Airy 53 Taneytown Crossing Harney Road & Westview Drive Taneytown MD 21787 Planned 100 Westminster 54 East of Market Phase II 100 Holling Drive Frederick MD 21701 Planned 50 Frederick - East 55 Hamilton Station 33 Hamilton Avenue Frederick MD 21701 Planned 56 Frederick - East 56 Meadow Road & Old National Pike Meadow Road & Old National Pike Frederick MD 21701 Planned 600 Frederick - South 57 23 South Gay Street 23 South Gay Street Baltimore MD 21202 Planned 62 Baltimore - Downtown 58 Port Covington 301 Cromwell Street Baltimore MD 21230 Planned 548 Baltimore - South 59 Perkins Homes Redevelopment 1411 Gough Street Baltimore MD 21231 Planned 636 Baltimore - Little Italy 60 633 Aisquith Street 633 Aisquith Street Baltimore MD 21202 Planned 170 Baltimore - Oldtown North Central Avenue & East 61 S 2 Baltimore MD 21202 Planned 197 Baltimore - Oldtown Monument Street Total Planned 7,984

62 300 East Pratt Street 300 East Pratt Street Baltimore MD 21202 Prospective 300 Baltimore - Downtown 63 600 East Lombard Street 600 East Lombard Street Baltimore MD 21202 Prospective 100 Baltimore - Downtown 64 Four Ten Lofts 410 West Mulberry Street Baltimore MD 21201 Prospective 78 Baltimore - Downtown 65 Mechanic Theatre Redevelopment 1 West Baltimore Street Baltimore MD 21201 Prospective 476 Baltimore - Downtown Source: Yardi Matrix Yardi Source: Baltimore New Construction & Proposed Multifamily Projects

PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP

Port Discovery Balloon 66 701 East Baltimore Street Baltimore MD 21202 Prospective 125 Baltimore - Downtown Redevelopment 67 University Lofts 418 West Fayette Street Baltimore MD 21201 Prospective 230 Baltimore - Downtown 68 814 North Charles Street 814 North Charles Street Baltimore MD 21201 Prospective 142 Baltimore - Midtown 69 Ashbie, The 1213 Madison Avenue Baltimore MD 21217 Prospective 53 Baltimore - Midtown 70 Mayfair Theatre Redevelopment 506 North Howard Street Baltimore MD 21201 Prospective 50 Baltimore - Midtown 71 West Eager Street & Cathedral Street Cathedral Street & West Eager Street Baltimore MD 21201 Prospective 126 Baltimore - Midtown 800 Blocks of Harlem and North Fremont Avenue & Harlem 72 Baltimore MD 21201 Prospective 100 Baltimore - Upton Edmondson Avenue 73 Gilmor Homes Redevelopment 1640 Balmor Court Baltimore MD 21217 Prospective 545 Baltimore - Upton 74 Center \ West Phase II 101 North Schroeder Street Baltimore MD 21223 Prospective 400 Baltimore - Poppleton 75 1401 Woodall Street 1401 Woodall Street Baltimore MD 21230 Prospective 65 Baltimore - South 76 1901 Light Street 1901 Light Street Baltimore MD 21230 Prospective 165 Baltimore - South 77 414 Light Phase II 414 Light Street Baltimore MD 21201 Prospective 100 Baltimore - South 78 719 West Pratt Street 719 West Pratt Street Baltimore MD 21201 Prospective 50 Baltimore - South East Hamburg Street & Riverside East Hamburg Street & Riverside 79 Baltimore MD 21230 Prospective 100 Baltimore - South Avenue Avenue 80 Hanover Federal Hill West Ostend Street & Race Street Baltimore MD 21230 Prospective 309 Baltimore - South 81 1812 Greenmount 1812 Greenmount Avenue Baltimore MD 21202 Prospective 50 Baltimore - Oldtown 82 500 North Central Avenue 500 North Central Avenue Baltimore MD 21202 Prospective 104 Baltimore - Oldtown 83 520 Somerset Street 520 Somerset Street Baltimore MD 21202 Prospective 69 Baltimore - Oldtown 84 Baltimore East Side Redevelopment North Broadway & Orleans Street Baltimore MD 21287 Prospective 2,500 Baltimore - Oldtown 85 2030 Aliceanna 2030 Aliceanna Street Baltimore MD 21231 Prospective 87 Baltimore - Fells Point 86 509 South Washington Street 509 South Washington Street Baltimore MD 21231 Prospective 100 Baltimore - Fells Point 87 Station at Fells Point 2001 Aliceanna Street Baltimore MD 21231 Prospective 300 Baltimore - Fells Point Baltimore - Middle East- 88 Gateway at Washington Hill 1100 North Wolfe Street Baltimore MD 21213 Prospective 210 Washington Hill 89 1516 South Baylis 1516 Baylis Street Baltimore MD 21224 Prospective 504 Baltimore - Brewers Hill 90 3901 Dillon Street 3901 Dillon Street Baltimore MD 21224 Prospective 500 Baltimore - Brewers Hill 91 Collective at Canton, The 1200 South Haven Street Baltimore MD 21224 Prospective 575 Baltimore - Brewers Hill 92 Eastern & Bank 3825 Bank Street Baltimore MD 21224 Prospective 140 Baltimore - Brewers Hill 93 Crown Industrial Park Redevelopment 4401 Eastern Avenue Baltimore MD 21224 Prospective 100 Baltimore - Southeast 94 Sisson Street 2842 Sisson Street Baltimore MD 21211 Prospective 100 Baltimore - Johns Hopkins 95 Flamingo Place 3934 Flamingo Place Baltimore MD 21211 Prospective 100 Baltimore - Hampden 96 Plant 83 1650 Union Avenue Baltimore MD 21211 Prospective 100 Baltimore - Hampden 97 Walbrook Mill Phase II 2636 West North Avenue Baltimore MD 21216 Prospective 100 Baltimore - Mondawmin 98 St Benedict Row 2612 St. Benedict Street Baltimore MD 21223 Prospective 68 Baltimore - Edmondson 99 Rosewood Family Housing Loyola Northway & Pimlico Road Baltimore MD 21215 Prospective 104 Baltimore - Pimlico 100 Woodberry Station 3511 Clipper Road Baltimore MD 21211 Prospective 51 Baltimore - Pimlico Source: Yardi Matrix Yardi Source: Baltimore New Construction & Proposed Multifamily Projects

PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP

Baltimore - Morrell Park- 101 Bon Secours Gibbons Phase II 900 Desoto Road Baltimore MD 21223 Prospective 58 Cherry Hill 102 47 West Avenue 47 West Avenue Dundalk MD 21222 Prospective 173 Dundalk 103 Lyon Homes Phase II 411 New Pittsburg Avenue Dundalk MD 21222 Prospective 90 Dundalk 104 Bluestem 6241 Falls Road Baltimore MD 21209 Prospective 140 Towson - Southwest 105 Townson Row Phase II E Towsontown Blvd & York Road Towson MD 21286 Prospective 220 Towson - Southwest 106 Village of Cross Keys Falls Road & Jones Falls Expwy Baltimore MD 21202 Prospective 318 Towson - Southwest 107 Promenade Frederick Road & Interstate 695 Catonsville MD 21228 Prospective 250 Catonsville 108 Johnnycake Road 7726 Johnnycake Road Baltimore MD 21244 Prospective 318 Windsor Mill Hunt Valley Towne Center 109 118 Shawan Road Cockeysville MD 21030 Prospective 500 Cockeysville Redevelopment 110 Enclave at Lyons Mill, The 9307 Lyons Mill Road Owings Mills MD 21117 Prospective 54 Owings Mills 111 Newtowne 810 Brooke Court Annapolis MD 21401 Prospective 86 Annapolis 112 Riverwatch Phase II 5673 Furnace Avenue Elkridge MD 21075 Prospective 58 Elkridge 113 Dorsey Overlook NEC Clarksville Pike & Columbia Road Ellicott City MD 21042 Prospective 133 Ellicott City 114 Clarksville Commons Phase II Clarksville Pike & Great Star Drive Clarksville MD 21029 Prospective 100 Columbia Little Patuxent Pkwy & Wincopin 115 Downtown Columbia Lakefront Core Columbia MD 21044 Prospective 509 Columbia Circle 116 New Hope Commons 2048 Watergate Court Edgewood MD 21040 Prospective 50 Edgewood 117 Aumar Village Residential Subdivision Mountain Road & Belair Road Fallston MD 21047 Prospective 86 Bel-Air 118 Bel Air Overlook 800 Baltimore Pike Bel Air MD 21014 Prospective 201 Bel-Air East Churchville Road & North 119 Crossroads at Hickory Bel Air MD 21015 Prospective 184 Bel-Air Fountain Green Road 120 830-858 Gilbert Road 830 Gilbert Road Aberdeen MD 21001 Prospective 322 Aberdeen Residences at Greenway Farms Phase 121 Pulaski Hwy & Martha Lewis Blvd Havre De Grace MD 21078 Prospective 480 Aberdeen II & III 122 Catoctin Manor Redevelopment 798 Motter Avenue Frederick MD 21701 Prospective 76 Frederick - East 123 South Street Centre 110 West South Street Frederick MD 21701 Prospective 152 Frederick - East 124 Free and Medwid 1097 Rocky Springs Road Frederick MD 21702 Prospective 100 Frederick - North 125 Sycamore Ridge Granalta Circle & Kemp Lane Frederick MD 21702 Prospective 124 Frederick - North 126 Pedestal Gardens Redevelopment 325 McMechen Street Baltimore MD 21217 Prospective 311 Baltimore - Midtown 127 Oldtown Mall Ensor Street & Orleans Street Baltimore MD 21202 Prospective 100 Baltimore - Oldtown Total Prospective 14,569

TOTAL BALTIMORE 27,361 Source: Yardi Matrix Yardi Source:

© 2020 Berkadia Real Estate Advisors LLC. Berkadia® is a trademark of Berkadia Proprietary Holding LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker License #01931050; Vincent B. Norris, CA BRE Lic. # 843890. Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701; and Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details visit: http://www.berkadia.com/legal/licensing.aspx. The information and details contained within this report have been obtained from a third-party and believed to be accurate; however, Berkadia has not independently verified its accuracy. Date of survey: January 2020