San Francisco New Construction & Proposed Multifamily Projects 4Q19

ID PROPERTY UNITS 1 Village at Vintage Ranch 159 5 Braydon, The 282 Total Lease Up 441

49 Oat Hill Residential Development 174 50 Wine Train Workforce Housing 55 Total Planned 229

174 601 First Street 124 175 825 Pearl Street 105 176 Manzanita Family 51 177 2611 First Street 50 178 Canyon Crossing 268 179 DBIC American Canyon 91

Total Prospective 689 1 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective New Construction & Proposed Multifamily Projects 4Q19

ID PROPERTY UNITS 2 Sendero Townhomes 192 7 Access @ Rohnert Park 100 Total Lease Up 292

21 38 North 120 27 Residences at Five Creek 135 Total Under Construction 255

46 Cotati Station Apartments 74 48 Pullman Lofts 72 61 Bella Creek 90 Total Planned 236

163 Park Ridge Phase II 50 164 Vintage Pointe Phase III 50 165 325 Yolanda Avenue 252 166 888 4th Street 107 167 Caritas Village 128 168 Mendocino 135 169 1780 Burbank Avenue 66 170 Dutton Avenues Residences 107 228 5505 Redwood Drive 156 229 Rohnert Station 270 230 Deturk Village 185 231 Roseland Village 175

Total Prospective 1,681 2000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective San Francisco New Construction & Proposed Multifamily Projects 4Q19

ID PROPERTY UNITS 3 500 Folsom 537 10 Avery 450 280 Total Lease Up 817

12 Trinity Place Phase IV 501 14 1145 54 18 Modera Rincon Hill 180 Ferry Plaza 20 555 Golden Gate 55 Farmers Market 22 1066 Market Street 303 24 229 Ellis Street 55 Total Under Construction 1,148

32 69 33 266 4th Street 70 35 5M Project - N1 Building 302 52 TL 361 240 54 Minna 270 Total Planned 951

64 530 Sansome Street 100 65 659 Union Street 98 66 Clay Street & Taylor Street 193 72 401 South Van Ness 300 73 830 Eddy 126 75 1028 Market Street 186 76 1200 Van Ness 95 97 469 Stevenson 468 77 2 Turk Street 114 98 475 Bryant 400 79 540 118 99 598 Bryant Street 280 80 819 Ellis Street 138 100 5th Street Mixed - Use 123 81 Geary Street 120 105 984 110 82 O'Farrell & Leavenworth 112 110 Howard Street 205 83 Van Ness Avenue Mixed Use 168 180 Polk & 100 84 429 Beale Street / 430 Main Street 144 182 1123 Sutter Street 197 85 524 Howard Street 334 183 450 O'Farrell 176 86 540 Howard 149 184 525 Harrison 205 87 650 Harrison 118 194 300 5th Street 130 88 667 Folsom 250 195 5M Project - M2 Building 290 89 Transbay Block 4 500 196 5th & Howard 229

91 1064 252 Total Prospective 6,528 500 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective San Francisco New Construction & Proposed Multifamily Projects 4Q19

ID PROPERTY UNITS 4 Station Park Green 492 6 Addison at Central Park, The 60 8 Pinefino 69 Total Lease Up 621

16 Altitude 157 25 Anson 268 Total Under Construction 425

41 Cadence Phase II 195 42 601-611 El Camino Real 425 43 1766 El Camino 60 44 Delaware Street 73 57 Gateway at Millbrae Station 400 58 Serra Station 444 Total Planned 1,597

129 124 Airport Boulevard 480 130 200 Airport Blvd 94 131 410 Noor Avenue 345 132 7 South Linden Avenue 445 133 El Camino Real 172 Coyote Point Recreation Area 134 40 Airport Blvd 290 135 Mills Park Plaza 329 136 San Bruno Avenue Mixed-Use Building 60 137 1870 El Camino Real 169 138 Rollins Road 150 139 303 Baldwin 64 141 Hayward Park Station 189 143 Station Park Green Phase II & III 281 210 PUC Development 812 211 220 Park Road 127 212 920 Bayswater Avenue 128 213 Adrian Court & Rollins Road 265 214 Village at Burlingame, The 132 215 Passage at San Mateo 961

Total Prospective 5,493 2000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective San Francisco New Construction & Proposed Multifamily Projects 4Q19

ID PROPERTY UNITS 9 Mason on Mariposa 299 Total Lease Up 299

11 30 Otis Street 416 13 Western SoMa Building 372 15 Alexan Bryant 185 23 HQ 136 26 1500 Mission 550 28 Alta 172 29 2100 Market 60 30 2000 Bryant Street 194 31 City Gardens 200 Total Under Construction 2,285

34 560 Brannan Street 120 36 7th Street SRO 96 37 Pier 70 Parcel E2 275 38 Pier 70 Parcel K 250 39 Potrero Yard 525 40 Van Ness 75 53 88 Arkansas 127 Total Planned 1,468 112 Potrero Power Plant Redevelopment 50 68 1740 Market Street 100 113 Recology Site Redevelopment 1,048 74 98 Franklin Street 286 185 1052 Folsom Street 63 78 30 Van Ness 562 186 1270 Mission 299 90 10 South Van Ness 984 187 1394 Harrison 67 92 1200 17th Street 135 188 1500 15th Avenue 184 93 1298 Howard Street 125 190 1560 Folsom 214 94 1965 Market Street 96 191 1979 Mission 331 96 321 Florida Street 140 192 22nd Street & Mission Street 129 101 636 4th Street 427 193 2750 19th Street 60 102 655 4th Street 907 197 901 16th Street 259 103 71 Boardman 96 198 988 Harrison Street 100 104 888 Tennessee Street 110 199 Local 38 Plumbers Union Hall Site 584 106 9th Street Development 64 200 Mission Creek 117 107 Brannan and Lucerne 55 201 Mission Rock 1,500 109 De Haro Street 204 202 Potrero Terrace 805

111 Pier 70 Remaining Units 475 Total Prospective 10,576 500 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective San Francisco New Construction & Proposed Multifamily Projects 4Q19

Bair Island

ID PROPERTY UNITS 17 Greystar IV 350 19 Station 1300 183 Total Under Construction 533

59 Menlo Portal 335 Bedwell 60 Middle Plaza 215 Bayfront Park Total Planned 550

Ravenswood 140 477 East Hillsdale Blvd 151 Preserve 142 Peninsula Heights 291 144 Black Mountain Townhomes 68 145 141 Jefferson Drive 441 146 204 Franklin 91 147 3001 El Camino Real 50 148 Chrysler Drive & Constitution Drive 800 149 North Fair Oaks 161 150 Sequoia Station Shopping Center 440 151 Syufy Theater 336 218 111 Independence Drive 94 152 Townhomes at East Bayshore Road 60 219 150 Charter Street 72 153 Winslow 110 220 1601 El Camino Real 252 154 1345 Willow Road 140 221 Plaza 520 155 Light Tree 128 222 Main Street 125 156 Woodland Park Phase II 605 223 Bay & University 216 216 Artisan Crossing 250 224 Willow Campus 1,500

217 Firehouse Square 66 Total Prospective 6,967 2000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective San Francisco New Construction & Proposed Multifamily Projects 4Q19

Sonoma Coast State Park

ID PROPERTY UNITS 45 North River 184 47 Hopper Lane Phase II 120 62 16977 Healdsburg Avenue 350 63 Vintage Oaks on the Town Green 387 Total Planned 1,041

159 Baywood 299 160 Deer Creek 120 161 Riverfront 2010 100 162 Sid Commons 278 171 Mill Creek 360 172 North Entry 290 173 Windsor Veterans Village 60 227 Haystack Pacifica 142 232 Anton Calistoga 78

Total Prospective 1,727 2 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective San Francisco New Construction & Proposed Multifamily Projects 4Q19

Oracle Park ID PROPERTY UNITS 51 2670 95 55 199 Vidal 64 56 Schlage Factory Redevelopment 574 Total Planned 733

67 1355 Fulton 75Ocean Beach 69 3333 California Street 558 70 3565 Geary Blvd 54 71 3700 California Street 214 95 2627 200 108 50 114 Third Street 85 115 1208 & 1218 Junipero Serra 299 116 21 & 25 Chumasero 329 San Francisco Zoo 117 455 Serrano / 850 Gonzalez 248 118 Francis Scott Key Annex 134 119 Parkmerced Phase II 1,592 Fleming 9 Course 120 Parkmerced Redevelopment Phase IC 333 121 Parkmerced Redevelopment Phase ID 378 122 Valente Marini Perata Funeral 253 Home Redevelopment Phase II Fort Funston 123 Cambridge Estates 54 124 India Basin 1,240 125 Schlage Factory Redevelopment The Olympic Club Phase II 3,874 126 Eastmoor Residential Development 72 127 Westlake Shopping Center Mixed Use 179 128 Midway Village Redevelopment 150 189 1515 South Van Ness 157 203 Wash Club Lavanderia 75 204 300 Arballo 89 205 65 Ocean Avenue 191 206 Balboa Resevoir Project 1,100 207 Glen Park BART Station 100 208 Executive Park 1,100 209 Hope Sunnydale 1,685

Total Prospective 14,868 2000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective San Francisco New Construction & Proposed Multifamily Projects 4Q19

San Francisco Bay National Estuarine Research

Duxbury Reef ASBS State Water Quality Protection...

ID PROPERTY UNITS 157 4th Street & Lootens Place 162 158 Vivian Townhomes 68 Alcatraz Island 181 Treasure Island 100 225 703 3rd Street 120 226 Grady Ranch 224

Total Prospective 674 1 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective San Francisco 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 Village at Vintage Ranch 100 Toscana Drive American Canyon CA 94503 Lease-Up 159 Napa South 06/18/2018 01/31/2021 11/05/2019 2 Sendero Townhomes 1791 Sebastopol Road Santa Rosa CA 95407 Lease-Up 192 Roseland 10/01/2018 12/31/2020 11/17/2019 3 500 Folsom 500 Folsom Street San Francisco CA 94105 Lease-Up 537 China Basin 04/18/2016 08/31/2020 08/01/2019 4 Station Park Green 430 Station Park Circle San Mateo CA 94402 Lease-Up 492 San Mateo 06/01/2016 05/31/2020 01/22/2018 5 Braydon, The 791 Vista Tulocay Lane Napa CA 94559 Lease-Up 282 Napa South 08/01/2018 04/30/2020 06/30/2019 6 Addison at Central Park, The 19 9th Avenue San Mateo CA 94401 Lease-Up 60 San Mateo 08/13/2018 02/29/2020 11/08/2019 7 Access @ Rohnert Park 8288 Lancaster Drive Rohnert Park CA 94928 Lease-Up 100 Rohnert Park 05/05/2019 02/29/2020 06/03/2019 8 Pinefino 100 Baden Avenue South San Francisco CA 94080 Lease-Up 69 South San Francisco 09/19/2016 02/29/2020 06/01/2018 9 Mason on Mariposa 1601 Mariposa Street San Francisco CA 94107 Lease-Up 299 Eastern San Francisco 07/09/2018 01/31/2020 10/01/2019 10 Avery 450 450 Folsom Street San Francisco CA 94105 Lease-Up 280 China Basin 11/01/2016 01/31/2020 03/05/2019 Total Lease-Up 2,470 11 30 Otis Street 30 Otis Street San Francisco CA 94103 Under Construction 416 Eastern San Francisco 10/13/2019 10/31/2023 12 Trinity Place Phase IV 1177 Market Street San Francisco CA 94103 Under Construction 501 Eastern San Francisco 05/01/2019 11/30/2022 13 Western SoMa Building 1140 Harrison Street San Francisco CA 94103 Under Construction 372 Eastern San Francisco 10/18/2019 10/31/2021 14 1145 Polk Street 1145 Polk Street San Francisco CA 94109 Under Construction 54 Market Street 10/10/2019 04/30/2021 15 Alexan Bryant 975 Bryant Street San Francisco CA 94103 Under Construction 185 Eastern San Francisco 08/01/2019 04/30/2021 16 Altitude 150 Airport Blvd South San Francisco CA 94080 Under Construction 157 South San Francisco 07/17/2019 02/28/2021 17 Greystar IV 1409 El Camino Real Redwood City CA 94063 Under Construction 350 Redwood City 05/30/2019 01/31/2021 18 Modera Rincon Hill 390 First Street San Francisco CA 94105 Under Construction 180 China Basin 02/01/2019 12/31/2020 19 Station 1300 1300 El Camino Real Menlo Park CA 94025 Under Construction 183 Menlo Park/East Palo Alto 01/28/2019 11/30/2020 20 555 Golden Gate 555 Golden Gate Avenue San Francisco CA 94102 Under Construction 55 Market Street 10/18/2019 10/31/2020 21 38 North 2604 Petaluma Hill Road Santa Rosa CA 95404 Under Construction 120 Santa Rosa 04/01/2019 09/30/2020 22 1066 Market Street 1066 Market Street San Francisco CA 94102 Under Construction 303 Market Street 11/20/2018 06/30/2020 23 HQ 1532 Harrison Street San Francisco CA 94103 Under Construction 136 Eastern San Francisco 08/22/2018 06/30/2020 24 229 Ellis Street 229 Ellis Street San Francisco CA 94102 Under Construction 55 Market Street 10/30/2018 05/31/2020 25 Anson 1008 Carolan Avenue Burlingame CA 94010 Under Construction 268 Burlingame 09/03/2018 05/31/2020 26 1500 Mission 1500 Mission Street San Francisco CA 94103 Under Construction 550 Eastern San Francisco 06/18/2018 03/31/2020 27 Residences at Five Creek 5870 Labath Avenue Rohnert Park CA 94928 Under Construction 135 Rohnert Park 07/19/2018 02/29/2020 28 Alta Potrero Hill 1301 16th Street San Francisco CA 94103 Under Construction 172 Eastern San Francisco 06/24/2018 02/29/2020 29 2100 Market 2100 Market Street San Francisco CA 94114 Under Construction 60 Golden Gate Park 10/09/2017 01/31/2020

Source: Yardi Matrix San Francisco 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 30 2000 Bryant Street 2000 Bryant Street San Francisco CA 94110 Under Construction 194 Eastern San Francisco 08/03/2018 01/31/2020 31 City Gardens 333 12th Street San Francisco CA 94103 Under Construction 200 Eastern San Francisco 08/06/2018 01/31/2020 Total Under Construction 4,646 32 Hyde Street 135 Hyde Street San Francisco CA 94102 Planned 69 Market Street 33 266 4th Street 266 4th Street San Francisco CA 94107 Planned 70 Eastern San Francisco 34 560 Brannan Street 560 Brannan Street San Francisco CA 94107 Planned 120 Eastern San Francisco 35 5M Project - N1 Building 415 Natoma Street San Francisco CA 94103 Planned 302 Eastern San Francisco 36 7th Street SRO 262 7th Street San Francisco CA 94103 Planned 96 Eastern San Francisco 37 Pier 70 Parcel E2 22nd Street & Illinois Street San Francisco CA 94107 Planned 275 Eastern San Francisco 38 Pier 70 Parcel K 901 Illinois Street San Francisco CA 94107 Planned 250 Eastern San Francisco 39 Potrero Yard 1899 Bryant Street San Francisco CA 94110 Planned 525 Eastern San Francisco 40 Van Ness 799 South Van Ness Avenue San Francisco CA 94110 Planned 75 Eastern San Francisco 41 Cadence Phase II 200 Miller Avenue South San Francisco CA 94080 Planned 195 South San Francisco 42 601-611 El Camino Real 601 El Camino Real San Bruno CA 94066 Planned 425 Millbrae / Airport 43 1766 El Camino 1766 El Camino Real Burlingame CA 94010 Planned 60 Burlingame 44 Delaware Street 1650 South Delaware Street San Mateo CA 94402 Planned 73 San Mateo 45 North River 402 Petaluma Blvd North Petaluma CA 94952 Planned 184 Petaluma 46 Cotati Station Apartments East Cotati Avenue & Santero Way Cotati CA 94931 Planned 74 Rohnert Park 47 Hopper Lane Phase II 1163 Hopper Avenue Santa Rosa CA 95403 Planned 120 Roseland 48 Pullman Lofts 701 Wilson Street Santa Rosa CA 95401 Planned 72 Roseland 49 Oat Hill Residential Development Hess Road & Napa Junction Road American Canyon CA 94503 Planned 174 Napa South 50 Wine Train Workforce Housing 784 Soscol Avenue Napa CA 94559 Planned 55 Napa South 51 2670 Geary Boulevard 2670 Geary Blvd San Francisco CA 94118 Planned 95 Golden Gate Park 52 TL 361 361 Turk Street San Francisco CA 94102 Planned 240 Market Street 53 88 Arkansas 88 Arkansas Street San Francisco CA 94107 Planned 127 Eastern San Francisco 54 Minna 475 Minna Street San Francisco CA 94103 Planned 270 Eastern San Francisco 55 199 Vidal 199 Vidal Drive San Francisco CA 94132 Planned 64 SW San Francisco 56 Schlage Factory Redevelopment 2201 Bayshore Blvd San Francisco CA 94134 Planned 574 SE San Francisco 57 Gateway at Millbrae Station 200 Rollins Road Millbrae CA 94030 Planned 400 Millbrae / Airport 58 Serra Station 150 Serra Avenue Millbrae CA 94030 Planned 444 Millbrae / Airport

Source: Yardi Matrix San Francisco 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 59 Menlo Portal 115 Independence Drive Menlo Park CA 94025 Planned 335 Redwood City 60 Middle Plaza 500 El Camino Real Menlo Park CA 94025 Planned 215 Menlo Park/East Palo Alto 61 Bella Creek 100 Avram Avenue Rohnert Park CA 94928 Planned 90 Rohnert Park 62 16977 Healdsburg Avenue 16977 Healdsburg Avenue Healdsburg CA 95448 Planned 350 Northern Sonoma County 63 Vintage Oaks on the Town Green 9290 Old Redwood Hwy Windsor CA 95492 Planned 387 Northern Sonoma County Total Planned 6,805 64 530 Sansome Street 530 Sansome Street San Francisco CA 94111 Prospective 100 NE San Francisco 65 659 Union Street 659 Union Street San Francisco CA 94133 Prospective 98 NE San Francisco 66 Clay Street & Taylor Street Clay Street & Taylor Street San Francisco CA 94108 Prospective 193 NE San Francisco 67 1355 Fulton 1355 Fulton Street San Francisco CA 94117 Prospective 75 Golden Gate Park 68 1740 Market Street 1740 Market Street San Francisco CA 94102 Prospective 100 Golden Gate Park 69 3333 California Street 3333 California Street San Francisco CA 94118 Prospective 558 Golden Gate Park 70 3565 Geary Blvd 3565 Geary Blvd San Francisco CA 94118 Prospective 54 Golden Gate Park 71 3700 California Street 3700 California Street San Francisco CA 94118 Prospective 214 Golden Gate Park 72 401 South Van Ness 401 South Van Ness Avenue San Francisco CA 94102 Prospective 300 Golden Gate Park 73 830 Eddy 830 Eddy Street San Francisco CA 94109 Prospective 126 Golden Gate Park 74 98 Franklin Street 98 Franklin Street San Francisco CA 94102 Prospective 286 Golden Gate Park 75 1028 Market Street 1028 Market Street San Francisco CA 94102 Prospective 186 Market Street 76 1200 Van Ness 1200 Van Ness Avenue San Francisco CA 94109 Prospective 95 Market Street 77 2 Turk Street 2 Turk Street San Francisco CA 94102 Prospective 114 Market Street 78 30 Van Ness 30 Van Ness Avenue San Francisco CA 94102 Prospective 562 Market Street 79 540 Van Ness Avenue 540 Van Ness Avenue San Francisco CA 94102 Prospective 118 Market Street 80 819 Ellis Street 819 Ellis Street San Francisco CA 94109 Prospective 138 Market Street 81 Geary Street 1055 Geary Street San Francisco CA 94109 Prospective 120 Market Street 82 O'Farrell & Leavenworth 550 O'Farrell Street San Francisco CA 94102 Prospective 112 Market Street 83 Van Ness Avenue Mixed Use 600 Van Ness Avenue San Francisco CA 94102 Prospective 168 Market Street 84 429 Beale Street / 430 Main Street 429 Beale Street San Francisco CA 94105 Prospective 144 China Basin 85 524 Howard Street 524 Howard Street San Francisco CA 94105 Prospective 334 China Basin 86 540 Howard 540 Howard Street San Francisco CA 94105 Prospective 149 China Basin 87 650 Harrison 650 Harrison Street San Francisco CA 94107 Prospective 118 China Basin

Source: Yardi Matrix San Francisco 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 88 667 Folsom 667 Folsom Street San Francisco CA 94107 Prospective 250 China Basin 89 Transbay Block 4 Beale Street & Howard Street San Francisco CA 94105 Prospective 500 China Basin 90 10 South Van Ness 10 South Van Ness Avenue San Francisco CA 94103 Prospective 984 Eastern San Francisco 91 1064 Mission Street 1064 Mission Street San Francisco CA 94103 Prospective 252 Eastern San Francisco 92 1200 17th Street 1200 17th Street San Francisco CA 94107 Prospective 135 Eastern San Francisco 93 1298 Howard Street 1298 Howard Street San Francisco CA 94103 Prospective 125 Eastern San Francisco 94 1965 Market Street 1965 Market Street San Francisco CA 94103 Prospective 96 Eastern San Francisco 95 2627 Cesar Chavez 2627 Cesar Chavez Street San Francisco CA 94124 Prospective 200 Eastern San Francisco 96 321 Florida Street 321 Florida Street San Francisco CA 94110 Prospective 140 Eastern San Francisco 97 469 Stevenson 469 Stevenson Street San Francisco CA 94103 Prospective 468 Eastern San Francisco 98 475 Bryant 4th Street & Bryant Street San Francisco CA 94107 Prospective 400 Eastern San Francisco 99 598 Bryant Street 598 Bryant Street San Francisco CA 94107 Prospective 280 Eastern San Francisco 100 5th Street Mixed - Use 360 5th Street San Francisco CA 94107 Prospective 123 Eastern San Francisco 101 636 4th Street 636 4th Street San Francisco CA 94107 Prospective 427 Eastern San Francisco 102 655 4th Street 655 4th Street San Francisco CA 94107 Prospective 907 Eastern San Francisco 103 71 Boardman 71 Boardman Place San Francisco CA 94103 Prospective 96 Eastern San Francisco 104 888 Tennessee Street 888 Tennessee Street San Francisco CA 94107 Prospective 110 Eastern San Francisco 105 984 Folsom Street 984 Folsom Street San Francisco CA 94107 Prospective 110 Eastern San Francisco 106 9th Street Development 220 9th Street San Francisco CA 94103 Prospective 64 Eastern San Francisco 107 Brannan and Lucerne 755 Brannan Street San Francisco CA 94103 Prospective 55 Eastern San Francisco 108 Cesar Chavez Street 3314 Cesar Chavez Street San Francisco CA 94110 Prospective 50 Eastern San Francisco 109 De Haro Street 300 De Haro Street San Francisco CA 94103 Prospective 204 Eastern San Francisco 110 Howard Street 921 Howard Street San Francisco CA 94103 Prospective 205 Eastern San Francisco 111 Pier 70 Remaining Units 901 Illinois Street San Francisco CA 94107 Prospective 475 Eastern San Francisco 112 Potrero Power Plant Redevelopment 1201 Illinois Street San Francisco CA 94107 Prospective 50 Eastern San Francisco 113 Recology Site Redevelopment 900 7th Street San Francisco CA 94107 Prospective 1,048 Eastern San Francisco 114 Third Street 4200 3rd Street San Francisco CA 94124 Prospective 85 Eastern San Francisco 115 1208 & 1218 Junipero Serra 1208 Junipero Serra Blvd San Francisco CA 94132 Prospective 299 SW San Francisco 116 21 & 25 Chumasero 21 Chumasero Drive San Francisco CA 94132 Prospective 329 SW San Francisco 117 455 Serrano / 850 Gonzalez 455 Serrano Drive San Francisco CA 94132 Prospective 248 SW San Francisco

Source: Yardi Matrix San Francisco 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 118 Francis Scott Key Annex 1360 43rd Avenue San Francisco CA 94122 Prospective 134 SW San Francisco 119 Parkmerced Phase II 3711 19th Avenue San Francisco CA 94132 Prospective 1,592 SW San Francisco 120 Parkmerced Redevelopment Phase IC SEC Higuera Avenue & Vidal Drive San Francisco CA 94132 Prospective 333 SW San Francisco 121 Parkmerced Redevelopment Phase ID SWC Chumasero Drive & Font Blvd San Francisco CA 94132 Prospective 378 SW San Francisco Valente Marini Perata Funeral Home 122 Redevelopment Phase II 4950 Mission Street San Francisco CA 94112 Prospective 253 SW San Francisco 123 Cambridge Estates 495 Cambridge Street San Francisco CA 94134 Prospective 54 SE San Francisco 124 India Basin 700 Innes Avenue San Francisco CA 94124 Prospective 1,240 SE San Francisco 125 Schlage Factory Redevelopment Phase II 2201 Bayshore Blvd San Francisco CA 94134 Prospective 3,874 SE San Francisco 126 Eastmoor Residential Development 493 Eastmoor Avenue Daly City CA 94015 Prospective 72 Broadmoor / Daly City 127 Westlake Shopping Center Mixed Use 10 Park Plaza Drive Daly City CA 94015 Prospective 179 Broadmoor / Daly City 128 Midway Village Redevelopment 47 Midway Drive Daly City CA 94014 Prospective 150 Colma / Brisbane 129 124 Airport Boulevard 124 Airport Blvd South San Francisco CA 94080 Prospective 480 South San Francisco 130 200 Airport Blvd 200 Airport Blvd South San Francisco CA 94080 Prospective 94 South San Francisco 131 410 Noor Avenue 410 Noor Avenue South San Francisco CA 94080 Prospective 345 South San Francisco 132 7 South Linden Avenue 7 South Linden Avenue South San Francisco CA 94080 Prospective 445 South San Francisco 133 El Camino Real 988 El Camino Real South San Francisco CA 94080 Prospective 172 South San Francisco 134 40 Airport Blvd 40 South Airport Blvd South San Francisco CA 94128 Prospective 290 Millbrae / Airport 135 Mills Park Plaza 715 El Camino Real San Bruno CA 94066 Prospective 329 Millbrae / Airport 136 San Bruno Avenue Mixed-Use Building 111 San Bruno Avenue San Bruno CA 94066 Prospective 60 Millbrae / Airport 137 1870 El Camino Real 1870 El Camino Real Burlingame CA 94010 Prospective 169 Burlingame 138 Rollins Road 1095 Rollin Road Burlingame CA 94010 Prospective 150 Burlingame 139 303 Baldwin 303 Baldwin Avenue San Mateo CA 94401 Prospective 64 San Mateo 140 477 East Hillsdale Blvd 477 East Hillsdale Blvd San Mateo CA 94403 Prospective 151 San Mateo 141 Hayward Park Station Concar Drive & Pacific Blvd San Mateo CA 94402 Prospective 189 San Mateo 142 Peninsula Heights Campus Drive & West Hillsdale Boulevard San Mateo CA 94403 Prospective 291 San Mateo 143 Station Park Green Phase II & III 1700 South Delaware Street San Mateo CA 94402 Prospective 281 San Mateo 144 Black Mountain Townhomes 806 Alameda de las Pulgas San Carlos CA 94070 Prospective 68 Belmont / San Carlos 145 141 Jefferson Drive 141 Jefferson Drive Menlo Park CA 94025 Prospective 441 Redwood City 146 204 Franklin 204 Franklin Street Redwood City CA 94063 Prospective 91 Redwood City 147 3001 El Camino Real 3001 El Camino Real Redwood City CA 94061 Prospective 50 Redwood City

Source: Yardi Matrix San Francisco 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 148 Chrysler Drive & Constitution Drive Chrysler Drive & Constitution Drive Menlo Park CA 94025 Prospective 800 Redwood City 149 North Fair Oaks 2949 Edison Way Redwood City CA 94063 Prospective 161 Redwood City 150 Sequoia Station Shopping Center 1057 El Camino Real Redwood City CA 94063 Prospective 440 Redwood City 151 Syufy Theater 557 East Bayshore Road Redwood City CA 94063 Prospective 336 Redwood City 152 Townhomes at East Bayshore Road 505 East Bayshore Road Redwood City CA 94063 Prospective 60 Redwood City 153 Winslow Jefferson Avenue & Middlefield Road Redwood City CA 94063 Prospective 110 Redwood City 154 1345 Willow Road 1345 Willow Road Menlo Park CA 94025 Prospective 140 Menlo Park/East Palo Alto 155 Light Tree 1805 East Bayshore Road East Palo Alto CA 94303 Prospective 128 Menlo Park/East Palo Alto 156 Woodland Park Phase II 45 Newell Road East Palo Alto CA 94303 Prospective 605 Menlo Park/East Palo Alto 157 4th Street & Lootens Place 4th Street & Lootens Place San Rafael CA 94901 Prospective 162 San Rafael 158 Vivian Townhomes 88 Vivian Street San Rafael CA 94901 Prospective 68 San Rafael 159 Baywood 2592 Casa Grande Road Petaluma CA 94954 Prospective 299 Petaluma 160 Deer Creek North McDowell Blvd & Rainier Avenue Petaluma CA 94954 Prospective 120 Petaluma 161 Riverfront 2010 500 Hopper Street Petaluma CA 94952 Prospective 100 Petaluma 162 Sid Commons NWC Graylawn Avenue & Jess Avenue Petaluma CA 94952 Prospective 278 Petaluma 163 Park Ridge Phase II 4949 Snyder Lane Rohnert Park CA 94928 Prospective 50 Rohnert Park 164 Vintage Pointe Phase III 7272 Camino Colegio Rohnert Park CA 94928 Prospective 50 Rohnert Park 165 325 Yolanda Avenue 325 Yolanda Avenue Santa Rosa CA 95404 Prospective 252 Santa Rosa 166 888 4th Street 888 4th Street Santa Rosa CA 95404 Prospective 107 Santa Rosa 167 Caritas Village 465 A Street Santa Rosa CA 95401 Prospective 128 Santa Rosa 168 Mendocino 420 Mendocino Avenue Santa Rosa CA 95401 Prospective 135 Santa Rosa 169 1780 Burbank Avenue 1780 Burbank Avenue Santa Rosa CA 95407 Prospective 66 Roseland 170 Dutton Avenues Residences 3150 Dutton Avenue Santa Rosa CA 95407 Prospective 107 Roseland 171 Mill Creek 8703 Bell Road Windsor CA 95492 Prospective 360 Northern Sonoma County 172 North Entry Healdsburg Avenue & Passalacqua Road Healdsburg CA 95448 Prospective 290 Northern Sonoma County 173 Windsor Veterans Village 711 Oak Park Street Windsor CA 95492 Prospective 60 Northern Sonoma County 174 601 First Street 601 1st Street Napa CA 94559 Prospective 124 Napa North 175 825 Pearl Street 825 Pearl Street Napa CA 94559 Prospective 105 Napa North 176 Manzanita Family 2951 Soscol Avenue Napa CA 94558 Prospective 51 Napa North 177 2611 First Street 2611 1st Street Napa CA 94558 Prospective 50 Napa South

Source: Yardi Matrix San Francisco 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 178 Canyon Crossing Napa Junction Road & SR-29 American Canyon CA 94503 Prospective 268 Napa South 179 DBIC American Canyon 3751 Broadway Street American Canyon CA 94503 Prospective 91 Napa South 180 Polk & California 1567 California Street San Francisco CA 94109 Prospective 100 NE San Francisco 181 Treasure Island Avenue of the Palms & California Avenue San Francisco CA 94130 Prospective 100 NE San Francisco 182 1123 Sutter Street 1123 Sutter Street San Francisco CA 94109 Prospective 197 Market Street 183 450 O'Farrell 450 O'Farrell Street San Francisco CA 94102 Prospective 176 Market Street 184 525 Harrison 525 Harrison Street San Francisco CA 94105 Prospective 205 China Basin 185 1052 Folsom Street 1052 Folsom Street San Francisco CA 94103 Prospective 63 Eastern San Francisco 186 1270 Mission 1270 Mission Street San Francisco CA 94103 Prospective 299 Eastern San Francisco 187 1394 Harrison 1394 Harrison Street San Francisco CA 94103 Prospective 67 Eastern San Francisco 188 1500 15th Avenue 1500 15th Avenue San Francisco CA 94103 Prospective 184 Eastern San Francisco 189 1515 South Van Ness 1515 South Van Ness Avenue San Francisco CA 94110 Prospective 157 Eastern San Francisco 190 1560 Folsom 1560 Folsom Street San Francisco CA 94103 Prospective 214 Eastern San Francisco 191 1979 Mission 1979 Mission Street San Francisco CA 94103 Prospective 331 Eastern San Francisco 192 22nd Street & Mission Street 2588 Mission Street San Francisco CA 94110 Prospective 129 Eastern San Francisco 193 2750 19th Street 2750 19th Street San Francisco CA 94110 Prospective 60 Eastern San Francisco 194 300 5th Street 300 5th Street San Francisco CA 94107 Prospective 130 Eastern San Francisco 195 5M Project - M2 Building 939 Mission Street San Francisco CA 94103 Prospective 290 Eastern San Francisco 196 5th & Howard 911 Howard Street San Francisco CA 94103 Prospective 229 Eastern San Francisco 197 901 16th Street 901 16th Street San Francisco CA 94107 Prospective 259 Eastern San Francisco 198 988 Harrison Street 988 Harrison Street San Francisco CA 94107 Prospective 100 Eastern San Francisco 199 Local 38 Plumbers Union Hall Site 1601 Market Street San Francisco CA 94103 Prospective 584 Eastern San Francisco 200 Mission Creek 2675 Folsom Street San Francisco CA 94110 Prospective 117 Eastern San Francisco 201 Mission Rock Mission Rock Street & 3rd Street San Francisco CA 94158 Prospective 1,500 Eastern San Francisco 202 Potrero Terrace 1 Turner Terrace San Francisco CA 94107 Prospective 805 Eastern San Francisco 203 Wash Club Lavanderia 2918 Mission Street San Francisco CA 94110 Prospective 75 Eastern San Francisco 204 300 Arballo 300 Arballo Drive San Francisco CA 94132 Prospective 89 SW San Francisco 205 65 Ocean Avenue 65 Ocean Avenue San Francisco CA 94112 Prospective 191 SW San Francisco 206 Balboa Resevoir Project 200 Ocean Avenue San Francisco CA 94112 Prospective 1,100 SW San Francisco 207 Glen Park BART Station Arlington Street & Bosworth Street San Francisco CA 94131 Prospective 100 SW San Francisco

Source: Yardi Matrix San Francisco 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 208 Executive Park 150 Executive Park Blvd San Francisco CA 94134 Prospective 1,100 SE San Francisco 209 Hope Sunnydale 1654 Sunnydale Avenue San Francisco CA 94134 Prospective 1,685 SE San Francisco 210 PUC Development SWC Grand Avenue & Mission Road South San Francisco CA 94080 Prospective 812 South San Francisco 211 220 Park Road 220 Park Road Burlingame CA 94010 Prospective 127 Burlingame 212 920 Bayswater Avenue 920 Bayswater Avenue Burlingame CA 94010 Prospective 128 Burlingame 213 Adrian Court & Rollins Road 45 Adrian Court Burlingame CA 94010 Prospective 265 Burlingame 214 Village at Burlingame, The 150 Park Road Burlingame CA 94010 Prospective 132 Burlingame 215 Passage at San Mateo Concar Drive & South Delaware Street San Mateo CA 94402 Prospective 961 San Mateo 216 Artisan Crossing 1325 Old County Road Belmont CA 94002 Prospective 250 Foster City 217 Firehouse Square 1350 Civic Lane Belmont CA 94002 Prospective 66 Belmont / San Carlos 218 111 Independence Drive 111 Independence Drive Menlo Park CA 94025 Prospective 94 Redwood City 219 150 Charter Street 150 Charter Street Redwood City CA 94063 Prospective 72 Redwood City 220 1601 El Camino Real 1601 El Camino Real Redwood City CA 94063 Prospective 252 Redwood City 221 Broadway Plaza 1401 Broadway Redwood City CA 94063 Prospective 520 Redwood City 222 Main Street 353 Main Street Redwood City CA 94063 Prospective 125 Redwood City 223 Bay & University Bay Road & University Avenue East Palo Alto CA 94303 Prospective 216 Menlo Park/East Palo Alto 224 Willow Campus SEC Bayfront Expwy & Willow Road Menlo Park CA 94025 Prospective 1,500 Menlo Park/East Palo Alto 225 703 3rd Street 703 3rd Street San Rafael CA 94901 Prospective 120 San Rafael 226 Grady Ranch 2400 Lucas Valley Road San Rafael CA 94903 Prospective 224 Lucas Valley 227 Haystack Pacifica 215 Weller Street Petaluma CA 94952 Prospective 142 Petaluma 228 5505 Redwood Drive 5505 Redwood Drive Rohnert Park CA 94928 Prospective 156 Rohnert Park 229 Rohnert Station 6400 State Farm Drive Rohnert Park CA 94928 Prospective 270 Rohnert Park 230 Deturk Village West 9th Street & Donahue Street Santa Rosa CA 95401 Prospective 185 Roseland 231 Roseland Village 665 Sebastopol Road Santa Rosa CA 95407 Prospective 175 Roseland 232 Anton Calistoga Brannan Street & Lincoln Avenue Calistoga CA 94515 Prospective 78 Deer Park / St Helena Total Prospective 49,203 TOTAL SAN FRANCISCO 63,124

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