Detroit New Construction & Proposed Multifamily Projects 2Q19

ID PROPERTY UNITS 1 Montclair at Partridge Creek 613 4 Mosaic of Auburn Hills 81 43 5 Encore at Ashby Preserve 75 8 Cedar Valley 86 Total Lease Up 855

14 City 60 15 Redwood Macomb Phase II 90 16 Redwood White Lake Phase II 50 Total Under Construction 200 44

30 State Fairgrounds 200 95 39 Orchard Lake Road Mixed-Use / 250 Keego Harbor 14 41 Fountain Circle 258 4 42 42 Blossom Mills 137 94

8 15 16 91 93 41 92 78 77 1 43 Abbey Ridge Apartment 100 Homes Phase II 39 44 Encore at Deerhill Villas 92 Total Planned 1,037 76

63 Benjamin O. Davis Veterans Village 50 5 66 Michigan State Fairgrounds Phase II 300 73 Little Mack Avenue 60 74 Erin Park 52 75 Twelve Mile Road 100 75 73 76 15245 Clinton River 60 77 Lakeside Circle Senior 57 78 Lakeside Village 100 91 Legacy Rochester Hills 359 74 92 Rochester Hills Trio 124 93 21 Mile Road & Hayes Road 96 30 66 63 94 Front Street Town Center 100 95 Orchard Brook Phase II 154

Total Prospective 1,612 2 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective New Construction & Proposed Multifamily Projects 2Q19

36 37 84 81

82 79 85 86 38 83

ID PROPERTY UNITS 6 Icon on Main 91 7 Ferndale Haus 115 Total Lease Up 206

13 Griffin, The 245 Total Under Construction 245

31 Billings Place Mixed Use 169 32 Ferndale Haus Phase II 100 33 Harrison Phase II, The 184 34 Hazelton, The 114 35 Iron Ridge Marketplace 72 36 McClure 75 6 37 Zen 152 38 Woodward Avenue 78 31 Total Planned 820 80 34

79 Riverland District 212 33 80 Royal Oak Mixed - Use 72 81 Big Beaver Road 300 13 35 82 Harrison Poolside 91 83 Millennial Place 300 84 Troy Town Center 265 85 Maple & Woodward 550 32 North Old Woodward & Bates 86 Street 100 7 Total Prospective 1,602 2000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Detroit New Construction & Proposed Multifamily Projects 2Q19

ID PROPERTY UNITS 10 Baltimore Station 161 Total Lease Up 161 61 17 Boulevard, The 232 21 Woodbridge Estates Phase II 80 Total Under Construction 312 58 28 Temple Street 100 29 Building 29 Redevelopment 211 10 45 Grand Jefferson 240 17 65 46 Redevelopment 303 47 Eddystone Hotel Redevelopment 100 48 Russell Flats, The 82 64 49 Woodward at Midtown, The 110 Total Planned 1,146

104 103

102 55 Orleans Landing Phase II 230 56 Renato at Pullman Parc, The 180 57 3750 Woodward Avenue 250 62 58 7198 Gratiot Avenue 231 57 59 American, The 163 48 60 Brewster Wheeler Recreation 150 60 45 Center Redevelopment 49 101 100 61 Packard Plant Phase III 100 46 62 248 21 59 98 64 Cass and York 133 47 West Grand Boulevard & 28 56 65 Woodward Avenue 100 96 East Jefferson 213 97 East Riverfront 360 98 Eastern Market Gateway 253 100 Brewster - Douglass Site 648 96 101 Midtown West 175 55 102 Sugar Hill 84 97 103 Van Dyke at Kercheval 76 104 250

Total Prospective 3,844 1000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Detroit New Construction & Proposed Multifamily Projects 2Q19

ID PROPERTY UNITS 2 Corner, The 111 3 Elton Park Phase II 99 9 Farwell, The 82 Total Lease Up 292

11 95 12 Hudson's Site 330 18 Gabriel Houze 110 20 Residences @ 150 Bagley 148 23 City Club 288 Total Under Construction 971

24 Detroit Free Press Building, The 130 27 25 Monroe Block 482 50 Park Avenue Building 51 26 Redevelopment 100 52 27 Shapero Hall 314 26 Total Planned 1,026 54 20 23 50 1401 Rivard Street 314 12 51 Blenheim Building Redevelopment 100 99 11 52 Fine Arts Building Redevelopment 100 3 9 25 2 53 Gateway Center Building 200 53 Redevelopment 54 Hastings Place 60 18 67 16th & Bagley Street 60 24 68 2087 Vermont 100 68 99 Leland, The 339 105 Hubbard-Vernor 53 Total Prospective 1,326

67

105

500 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Detroit New Construction & Proposed Multifamily Projects 2Q19

19

40 87

90

89

ID PROPERTY UNITS 19 Marquette, The 100 88 22 Village at Northville, The 190 Total Under Construction 290

40 Orchard Mews 192 Total Planned 192 71 70 69 Inn at St. Johns, The 234 72 70 Northville Downs 150 71 Haggerty Square 201 72 Victor Pkwy & 7 Mile 265 87 Stonecrest Senior Living 92 88 Thomas Street 115 22 89 Bond, The 253 69 90 Erwin Orchards 579

Total Prospective 1,889 1 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Detroit New Construction and Proposed Multifamily Projects

PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 1 Montclair at Partridge Creek 17721 Montage West Clinton Township MI 48038 Lease-Up 613 Clinton Township - west 09/08/2015 01/31/2022 05/30/2016 2 Corner, The 1620 Michigan Avenue Detroit MI 48216 Lease-Up 111 Detroit - south 04/01/2017 11/30/2019 05/01/2019 3 Elton Park Phase II 8th Street & Plum Street Detroit MI 48216 Lease-Up 99 Detroit - south 07/24/2017 09/30/2019 04/01/2019 4 Mosaic of Auburn Hills 3331 Antigua Drive Auburn Hills MI 48326 Lease-Up 81 Auburn Hills 03/14/2016 08/31/2019 01/08/2018 Harrison 5 Encore at Ashby Preserve 25879 Ashby Drive Township MI 48045 Lease-Up 75 Harrison Township 12/01/2015 08/31/2019 06/14/2016 6 Icon on Main 400 North Main Street Royal Oak MI 48067 Lease-Up 91 Royal Oak\Oak Park 08/01/2017 07/31/2019 06/01/2019 7 Ferndale Haus 430 West Nine Mile Road Ferndale MI 48220 Lease-Up 115 Royal Oak\Oak Park 10/24/2016 07/31/2019 01/01/2019 8 Cedar Valley 1401 South Rochester Road Rochester MI 48307 Lease-Up 86 Rochester Hills 11/01/2017 06/30/2019 01/01/2019 9 Farwell, The 1249 Griswold Street Detroit MI 48226 Lease-Up 82 Detroit - Downtown 08/02/2016 06/30/2019 12/01/2018 10 Baltimore Station 6402 Woodward Avenue Detroit MI 48202 Lease-Up 161 Detroit - New Center 04/30/2017 06/30/2019 09/04/2018 Total Lease-Up 1,514 11 Book Tower 1265 Washington Blvd Detroit MI 48226 Under Construction 95 Detroit - Downtown 09/01/2017 01/31/2021 12 Hudson's Site 1206 Woodward Avenue Detroit MI 48226 Under Construction 330 Detroit - Downtown 03/01/2019 06/30/2020 13 Griffin, The West 10 Mile Road & South Main Street Royal Oak MI 48067 Under Construction 245 Royal Oak\Oak Park 09/10/2018 01/31/2020 14 City 1468 North Rochester Road Rochester Hills MI 48307 Under Construction 60 Rochester Hills 03/01/2019 12/31/2019 Chesterfield\New 15 Redwood Macomb Phase II 1 Carnegie Way Macomb MI 48042 Under Construction 90 Baltimore 11/02/2018 12/31/2019 16 Redwood White Lake Phase II 103 Redwood Blvd White Lake MI 48383 Under Construction 50 Holly\White Lake 05/13/2019 12/31/2019 17 Boulevard, The 2911 West Grand Blvd Detroit MI 48202 Under Construction 232 Detroit - New Center 10/01/2017 12/02/2019 18 Gabriel Houze 305 Michigan Avenue Detroit MI 48226 Under Construction 110 Detroit - Downtown 07/03/2017 10/31/2019 19 Marquette, The 300 East Huron Street Milford MI 48381 Under Construction 100 South Lyon\Milford 07/01/2018 10/31/2019 20 Residences @ 150 Bagley 150 Bagley Avenue Detroit MI 48226 Under Construction 148 Detroit - Downtown 09/01/2018 09/30/2019 21 Woodbridge Estates Phase II 1200 Martin Luther King Jr Blvd Detroit MI 48201 Under Construction 80 Detroit - Midtown 06/14/2018 08/31/2019 22 Village at Northville, The 47500 Five Mile Road Northville MI 48167 Under Construction 190 Canton\Plymouth 07/02/2018 07/31/2019 23 City Club 313 Park Avenue Detroit MI 48226 Under Construction 288 Detroit - Downtown 12/01/2017 06/30/2019 Total Under Construction 2,018 24 Detroit Free Press Building, The 321 West Lafayette Blvd Detroit MI 48226 Planned 130 Detroit - Downtown 25 Monroe Block 118 Monroe Avenue Detroit MI 48226 Planned 482 Detroit - Downtown 26 Park Avenue Building Redevelopment 2001 Park Avenue Detroit MI 48226 Planned 100 Detroit - Downtown

Source: Yardi Matrix Detroit New Construction and Proposed Multifamily Projects

PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 27 Shapero Hall 1010 Rivard Street Detroit MI 48207 Planned 314 Detroit - Downtown 28 Temple Street 640 Temple Street Detroit MI 48201 Planned 100 Detroit - Midtown 29 Redevelopment 7430 2nd Avenue Detroit MI 48202 Planned 211 Detroit - New Center 30 Michigan State Fairgrounds West State Fair Avenue & Woodward Avenue Detroit MI 48203 Planned 200 Detroit - north 31 Billings Place Mixed Use 221 North Main Street Royal Oak MI 48067 Planned 65 Royal Oak\Oak Park 32 Ferndale Haus Phase II 475 Withington Street Ferndale MI 48220 Planned 50 Royal Oak\Oak Park 33 Harrison Phase II, The 531 East Harrison Avenue Royal Oak MI 48067 Planned 76 Royal Oak\Oak Park 34 Hazelton, The 222 East 6th Street Royal Oak MI 48067 Planned 78 Royal Oak\Oak Park 35 Iron Ridge Marketplace 10 Mile Road & Bermuda Street Pleasant Ridge MI 48067 Planned 75 Royal Oak\Oak Park 36 McClure 3142 McClure Drive Troy MI 48084 Planned 140 Troy 37 Zen 888 West Big Beaver Road Troy MI 48084 Planned 286 Troy Bloomfield Hills\ 38 Woodward Avenue 34965 Woodward Avenue Birmingham MI 48009 Planned 50 Birmingham Orchard Lake Road Mixed-Use / Keego Farmington Hills\West 39 Harbor 3170 Orchard Lake Road Keego Harbor MI 48320 Planned 250 Bloomfield West Bloomfield Farmington Hills\West 40 Orchard Mews 7100 Orchard Lake Road Township MI 48322 Planned 192 Bloomfield 41 Fountain Circle Auburn Road & College Avenue Auburn Hills MI 48326 Planned 258 Auburn Hills 42 Blossom Mills 333 East 2nd Street Rochester MI 48307 Planned 137 Rochester Hills 43 Abbey Ridge Apartment Homes Phase II 211 East Market Street Oxford MI 48371 Planned 100 Clarkston\Orion 44 Encore at Deerhill Villas NEC Deerhill Drive & Dixie Hwy Clarkston MI 48346 Planned 92 Holly\White Lake 45 Grand Jefferson 7045 East Jefferson Avenue Detroit MI 48207 Planned 240 Detroit - Downtown 46 Brush Park Redevelopment Alfred Street & Brush Street Detroit MI 48201 Planned 303 Detroit - Midtown 47 Eddystone Hotel Redevelopment 110 Sproat Street Detroit MI 48201 Planned 100 Detroit - Midtown 48 Russell Flats, The 2801 Russell Street Detroit MI 48207 Planned 82 Detroit - Midtown 49 Woodward at Midtown, The 3439 Woodward Avenue Detroit MI 48201 Planned 110 Detroit - Midtown Total Planned 4,221 50 1401 Rivard Street 1401 Rivard Street Detroit MI 48207 Prospective 314 Detroit - Downtown 51 Blenheim Building Redevelopment 2218 Park Avenue Detroit MI 48201 Prospective 100 Detroit - Downtown 52 Fine Arts Building Redevelopment 48 West Adams Avenue Detroit MI 48226 Prospective 100 Detroit - Downtown 53 Gateway Center Building Redevelopment 1101 Washington Blvd Detroit MI 48226 Prospective 200 Detroit - Downtown

Source: Yardi Matrix Detroit New Construction and Proposed Multifamily Projects

PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 54 Hastings Place 1468 Randolph Street Detroit MI 48226 Prospective 60 Detroit - Downtown 55 Orleans Landing Phase II Atwater Street & Orleans Street Detroit MI 48207 Prospective 230 Detroit - Downtown 56 Renato at Pullman Parc, The 1100 St Aubin Street Detroit MI 48207 Prospective 180 Detroit - Downtown 57 3750 Woodward Avenue 3750 Woodward Avenue Detroit MI 48201 Prospective 250 Detroit - Midtown 58 7198 Gratiot Avenue 7198 Gratiot Avenue Detroit MI 48213 Prospective 231 Detroit - Midtown 59 American, The 408 Temple Street Detroit MI 48201 Prospective 163 Detroit - Midtown Brewster Wheeler Recreation Center 60 Redevelopment 2900 St. Antoine Street Detroit MI 48201 Prospective 150 Detroit - Midtown 61 Packard Plant Phase III 1580 East Grand Blvd Detroit MI 48211 Prospective 100 Detroit - Midtown 62 Wayne State University West Canfield Street & Cass Avenue Detroit MI 48201 Prospective 248 Detroit - Midtown 63 Benjamin O. Davis Veterans Village 4777 East Detroit MI 48234 Prospective 50 Detroit - northeast 64 Cass and York 445 York Street Detroit MI 48202 Prospective 133 Detroit - New Center 65 West Grand Boulevard & Woodward Avenue 2974 West Grand Blvd Detroit MI 48202 Prospective 100 Detroit - New Center 66 Michigan State Fairgrounds Phase II West State Fair Avenue & Woodward Avenue Detroit MI 48203 Prospective 300 Detroit - north 67 16th & Bagley Street 2420 Bagley Street Detroit MI 48216 Prospective 60 Detroit - south 68 2087 Vermont 2087 Vermont Street Detroit MI 48216 Prospective 100 Detroit - south 69 Inn at St. Johns, The 44045 Five Mile Road Plymouth MI 48170 Prospective 234 Canton\Plymouth 70 Northville Downs 301 South Center Street Northville MI 48167 Prospective 150 Canton\Plymouth 71 Haggerty Square 19700 Haggerty Road Northville MI 48167 Prospective 201 Livonia\Redford 72 Victor Pkwy & 7 Mile 7 Mile & Victor Pkwy Livonia MI 48152 Prospective 265 Livonia\Redford St. Clair Shores\Grosse 73 Little Mack Avenue 29000 Little Mack Avenue Saint Clair Shores MI 48081 Prospective 60 Pointe 74 Erin Park 23111 Dale Avenue Eastpointe MI 48021 Prospective 52 Roseville 75 Twelve Mile Road 16929 12 Mile Road Roseville MI 48066 Prospective 100 Roseville 76 15245 Clinton River 15245 Clinton River Road Clinton Township MI 48038 Prospective 60 Clinton Township - west 77 Lakeside Circle Senior 14460 Lakeside Circle Sterling Heights MI 48313 Prospective 57 Sterling Heights 78 Lakeside Village 14000 Lakeside Circle Sterling Heights MI 48313 Prospective 100 Sterling Heights 79 Riverland District 15 Mile Road & Ryan Road Sterling Heights MI 48310 Prospective 200 Sterling Heights 80 Royal Oak Mixed - Use West 6th Street & South Lafayette Avenue Royal Oak MI 48067 Prospective 92 Royal Oak\Oak Park 81 Big Beaver Road Bellingham Drive & East Big Beaver Road Troy MI 48083 Prospective 96 Troy

Source: Yardi Matrix Detroit New Construction and Proposed Multifamily Projects

PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 82 Harrison Poolside 1700 Stutz Drive Troy MI 48084 Prospective 114 Troy 83 Millennial Place 1300 Livernois Road Troy MI 48083 Prospective 100 Troy 84 Troy Town Center East Big Beaver Road & Livernois Road Troy MI 48083 Prospective 850 Troy Bloomfield Hills\ 85 Maple & Woodward 34952 Woodward Avenue Birmingham MI 48009 Prospective 50 Birmingham West Maple Road & North Old Woodward Bloomfield Hills\ 86 North Old Woodward & Bates Street Avenue Birmingham MI 48012 Prospective 100 Birmingham Farmington Hills\West 87 Stonecrest Senior Living 32600 Northwestern Hwy Farmington Hills MI 48334 Prospective 92 Bloomfield Farmington Hills\West 88 Thomas Street Thomas Street & Warner Street Farmington MI 48336 Prospective 115 Bloomfield 89 Bond, The Flint Street & Grand River Avenue Novi MI 48375 Prospective 253 Novi 90 Erwin Orchards 61475 Silver Lake Road South Lyon MI 48178 Prospective 579 South Lyon\Milford 91 Legacy Rochester Hills South Adams Road & West Hamlin Road Rochester Hills MI 48309 Prospective 359 Rochester Hills 92 Rochester Hills Trio 990 West Auburn Road Rochester Hills MI 48307 Prospective 124 Rochester Hills Shelby Charter 93 21 Mile Road & Hayes Road 21 Mile Road & Hayes Road Township MI 48315 Prospective 96 Shelby Township Chesterfield\New 94 Front Street Town Center Main Street & Washington Street New Baltimore MI 48047 Prospective 100 Baltimore Washington 95 Orchard Brook Phase II 57163 Cypress Street Township MI 48094 Prospective 154 Washington\Richmond 96 East Jefferson 1475 East Jefferson Avenue Detroit MI 48207 Prospective 213 Detroit - Downtown 97 East Riverfront Atwater Street & Rivard Street Detroit MI 48207 Prospective 360 Detroit - Downtown 98 Eastern Market Gateway 2011 Russell Street Detroit MI 48207 Prospective 253 Detroit - Downtown 99 Leland, The 400 Bagley Street Detroit MI 48226 Prospective 339 Detroit - Downtown 100 Brewster - Douglass Site 2700 St. Antoine Street Detroit MI 48201 Prospective 648 Detroit - Midtown 101 Midtown West 901 Selden Street Detroit MI 48201 Prospective 175 Detroit - Midtown 102 Sugar Hill Garfield Street & John R Street Detroit MI 48201 Prospective 84 Detroit - Midtown 103 Van Dyke at Kercheval 8003 Kercheval Avenue Detroit MI 48214 Prospective 76 Detroit - east 104 Lee Plaza 2240 West Grand Blvd Detroit MI 48208 Prospective 250 Detroit - New Center 105 Hubbard-Vernor 4060 Vernor Hwy Detroit MI 48209 Prospective 53 Detroit - south Total Prospective 10,273 TOTAL DETROIT 18,026

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