San Diego New Construction & Proposed Multifamily Projects 2Q19

30 ID PROPERTY UNITS 190 Soleste at the District 251 224 1140 NW 1st Street 100 195 191 1765 North Avenue 100 1 Art Plaza 667 227 Reflections 138 74 192 1775 Biscayne Blvd 444 Total Prospective 12,424 5 Blu27 330 201 198 193 1900 NE 358 29 6 Modera 297 200 202 194 2000 Biscayne Blvd 393 8 25 289 196 5 195 3050 Biscayne Blvd 754 Total Lease Up 1,583 196 35 NW 27th Street 92 37 197 Biscayne Arts Plaza 500 13 Walk 346 8 6 198 Edgewater 29 174 14 Modera Biscayne Bay 296 199 NE 1st Avenue & NE 17th Street 225 22 Miami Plaza 437 200 NW 2nd Avenue & NW 29th Street 70 29 AMLI Chiquita 512 75 14 201 Westdale at Wynwood 202 105 30 Midtown 6 447 188 202 Wynwood Green 189 186 37 Bradley, The 175 194 204 129 NE 8th Street 434 39 Lantower River Landing 507 73 193 47 Park - Line MiamiCentral 816 184 72 Total Under Construction 3,536 192 191 72 1836 Biscayne Boulevard 352 199 197 73 1900 Biscayne Boulevard 429 104 74 Midtown 7 391 181 75 Wynwood Square 241 22 219 77 Downtown 5th 1,042 208 79 Luma at Miami Worldcenter 434 1 205 81 Miami Station Tower 154 82 Miami Worldcenter Block E 533 190 83 Miami Worldcenter Block G Phase II 413 39 216 86 X Biscayne 714 185 104 Arts Luxury 550 180 82 105 NW 2nd Avenue & NW 22nd Street 3,482 107 Soleste Grand Central 360 205 1370 NE 2nd Avenue 1,100 204 183 107 Total Planned 9,095 206 200 North Miami Avenue 328 213 187 83 79 208 31 NE 14th Street 457 13 221 180 1543 NW South River Drive 63 209 40 NW 3rd Street 300 227 211 81 181 1652 NW 17th Avenue 192 211 533 NW 2nd Avenue 150 77 86 183 800 NW 13th Avenue 318 213 Block 45 Overtown 600 223 184 Allapattah Residential 150 216 Innovation District 250 209 219 Resorts World Miami 100 47 185 East River Residences 194 206 186 Miami Produce Center 1,200 220 Riverwest Miami 719 187 Miami River Walk Phase II 342 221 Sawyer's Landing 500 220 224 223 World Trade Center of the Americas 400 188 NW 11th Avenue & NW 21st Street 637 1000 ft Source: Yardi Matrix

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

212 215 226 218 78 85 222 80 248 217 207 84 210 214

11 225 259 40

87 106 76 203 260 256 2

ID PROPERTY UNITS 98 258 2 Maizon at 262 11 Columbus on Fifth 72 Total Lease Up 334 257

40 Megacenter Brickell 57 Total Under Construction 57

214 City of Miami Headquarters 76 Brickell Ridge Redevelopment 243 Redevelopment 1,100 78 Liquid Lofts 482 215 Flagler Square 100 80 M - Tower 440 217 Lynx 900 84 Nexus Riverside 462 218 Presidente Supermarket 96 85 One Bayfront Plaza 1,000 222 SW 1st Street & SW 7th Avenue 196 87 Altis 224 225 2135 SW 6th Street 57 98 CCCC Miami Towers 500 226 Casa Luna 79 106 Gallery at West Brickell 287 248 2828 Flager Street 208 Total Planned 3,638 256 Smathers Plaza Phase III 112 257 1430 Brickell Bay Drive 300 203 1133 SW 2nd Avenue 196 258 Babylon Redevelopment 100 207 200 SE 2nd Avenue 637 259 Brickell CityCentre 588 210 400 SE 2nd Avenue 1,800 260 Yacht Club at Brickell Phase II 572

212 54 West Flagler 397 Total Prospective 7,438 1000 ft Source: Yardi Matrix

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

301 SW 192nd Avenue & SW 344th 99 51 ID PROPERTY UNITS Street 327 270 3 Deering Groves 281 302 Madison Point 261 4 Alcazar Phase I & II 288 303 Rosemary Cove 135 9 Preserve at Coral Town Park, The 84 Total Prospective 5,588 Total Lease Up 653

43 Lanai Landings 54 51 Kirra's 55 Total Under Construction 109

291 279 295 282 99 Goulds Residential Complex 103 292 100 Alcazar Phase III 168 288 294 284 3 101 Bauer Parc South 468 303 102 SW 147th Avenue & SW 264th 283 101 Street 417 9 102 43 Total Planned 1,156 302 285 287 289 270 Boardwalk at Lakeside 192 278 Blue Heaven Villas 106 297 296 279 248th Park 144 100 4 280 28600 SW 132nd Avenue 863 280 281 29355 South Dixie Phase II 118 290 298 282 Artesa 283 283 Edge at Naranja, The 192 281 284 Grandville Place 174 285 Lake Victoria Townhouses 89 286 Landings, The Redevelopment 100 287 Leisure City Community Urban 286 District 500 288 Napoli Towers 246 289 Naranja Urban Villas 57 290 Park 95 291 Pointe at Princeton, The 340 292 Roma Towers 360 278 293 Solera 189 294 Southern Villas Townhomes 100 295 Sunshine Villas 68 293 296 SW 128th Place & SW 280th Street 193 297 SW 152nd Avenue & SW 280th 301 Street 216

298 Veranda Homestead 240 2000 ft Source: Yardi Matrix

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

ID PROPERTY UNITS 144 2200 East 4th Avenue 4,400 145 Apogean Pointe 68 7 5250 Park 231 146 Liberty Square Phase IIIB 144 12 District West Gables Phase II 221 147 Liberty Square Phase IVC 120 Total Lease Up 452 126 148 Liberty Square Phase IVD 240 59 149 Market Station Development 2,057 15 Plaza Coral Gables, The 174 150 NW 35th Avenue & NW 36th Street 198 157 28 16 MiMo Bay 237 151 Shoma Village 304 123 124 127 17 Alexan Doral 350 144 161 54 152 Sunset Pointe Phase II 96 121 152 158 18 Sanctuary Doral 226 122 153 Superior Manor Phase II 101 113 26 Liberty Square Phase IA 204 154 Sweet River 108 156 159 28 Corridor, The Phase III 62 155 Villages II, The 230 114 31 Soleste Alameda 310 16 156 Villages III, The 192 26 155 162 32 Baccarat 100 147 157 181 NE 82nd Street 96 34 Overture at Downtown Doral South 193 148 158 490 NW 79th Street 100 143 164 35 Soleste Twenty2 338 67 160 36 Century Parc Place 230 151 179 153 299 46 MB Station 190 7 149 49 Cassa Grove 130 34 146 54 Triton Center 325 56 71 145 163 55 La Vida Apartments at Blue Lagoon 272 18 17 154 150 182 189 56 Quadro 198 Total Under Construction 3,539 159 7000 Biscayne Blvd 85 160 Eastside Ridge 2,798 59 East 41 413 161 Little River Center 100 67 101 Hialeah Drive 105 162 Magic City Innovation District, The 2,490 71 Elan at Downtown Doral South 383 163 3801 Biscayne Blvd 136 92 33 Alhambra Circle 189 164 Paseo 294 93 Douglas Enclave 199 178 Marquesa 100 236 235 94 Grove Central 330 179 Springs Town Center 51 36 32 96 Miracle Residences 282 182 3670 NW 20th Avenue 77 55 97 Regency on the Park, The 161 189 NW 7th Avenue & NW 35th Street 51 93 Total Planned 2,062 235 1200 NW 57th Avenue 100 236 5800 Blue Lagoon Drive 241 97 113 2345 West 5th Avenue 80 239 Soleste Park View 99 31 239 247 114 640 West 18th Street 92 246 100 Miracle Mile 135 251 121 25th Street Station 119 247 211 Santillane Avenue 69 250 122 955 East 25th Street 216 249 301 Madeira Avenue 174 249 12 92 123 Bridge Crossings 74 250 44 Zamora 91 252 124 Northside Village 59 35 46 251 Bella Villa Coral Gables 51 96 246 126 Lakeshore Presidential Phase II 304 252 Coral Gables City Center 270 15 127 Rovell 216 299 Blue Lagoon 888 94 49 143 1050 East 9th Street 145 Total Prospective 17,959 2000 ft Source: Yardi Matrix

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

50 267 88 89 90

41 ID PROPERTY UNITS 91 10 Palmetto Station 271 233 234 Total Lease Up 271 228 230 245 20 Mareas at Coral Reef, The 408 24 Soleste Bay Village 200 41 Modera Metro Phase II 422 44 Caribbean Village 123 50 Paseo de la Riviera 204 Total Under Construction 1,357

88 6075 203 89 Sunset Place 414 90 South Miami Town Square 301 229 91 SW 70th Avenue & SW 85th Street 416 Total Planned 1,334 231 274 228 8785 SW 165th Avenue 120 229 Hidden Lake 136 273 277 230 Kendall Town Center 600 20 272 231 SW 136th Street &SW 162nd Av- enue 264 233 Grand Bay South 440 234 SW 88th Street & SW 107th Avenue 418 245 9600 South Dixie Hwy 420 267 Standard at Coral Gables, The 165 275 271 Bowtie Villas 150 10 272 Mareas at Coral Reef Phase II, The 192 276 273 Mareas at Coral Reef Phase III, The 300 24 274 Vista Verde at Deerwood Phase II 50 271 275 Park View 308 276 Sandpiper Village 82 277 Shores at Palmetto Bay, The 220 44 300 Caribbean Village Phase II 226 300 Total Prospective 4,091 2000 ft Source: Yardi Matrix

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

178

ID PROPERTY UNITS 19 University Bridge 886 21 Gables Station 450 48 25 275 Fontainebleau Blvd 133 237 42 Henry, The 120 25 45 Identity 187 48 Soleste Blue Lagoon 330 45 Total Under Construction 2,106 19 232 240 238 95 Link at Douglas 312 Total Planned 312

178 Marquesa 100 232 740 SW 109th Avenue 293 237 6950 NW 7th Street 471 269 255 238 Lion Terrace 800 241 42 242 254 240 Trail 899 253 268 265 264 241 Altis Ludlam 313 261 243 263 95 266 242 Ludham Trail 950 21 262 243 MiLine 965 244 Uncommon Miami 202 253 Link at Douglas Phase II 421 244 254 Link at Douglas Phases III & IV 380 255 Shipping Avenue 254 261 3750 South Dixie Hwy 192 262 Playhouse 100 263 Gables Ponce Phase III 210 264 Grand Plaza 160 265 Granello Avenue & Greco Avenue 183 266 Harbour, The 100 268 Summerhill 303 269 SW 42nd Avenue and 118

Total Prospective 7,414 2000 ft Source: Yardi Matrix

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

ID PROPERTY UNITS 23 23 MiLa Phase III 100 128 136 27 Estates at Acqualina, The 91 118 134 38 Grand Doral 80 117 129 131 52 Plaza Pointe 71 27 53 Las Vistas at Amelia 174 52 120 130 61 Total Under Construction 516 133 63 135 110 111 119 132 64 138 62 57 Lucida Palmetto 108 141 140 58 Pura Vida Hialeah 260 57 125 137 142 60 Mosaic Apartments at Opa Locka 104 109 139 61 5 Park 415 112 60 53 62 Marina del Mar II 256 108 65 63 Riverwalk North Miami Beach 730 115 103 66 165 64 Uptown Biscayne 245 65 840 NE 130th Street 67 66 Causeway Village 297 68 Marlborough House 90 167 70 10500 NW 78th Street 369 166 103 Residences at NoMi 175 58 Total Planned 3,116 38 177 116 70 68 108 11055 West 36th Avenue 245 109 9715 NW 138th Street 244 110 NW 102nd Avenue & NW 170th Street 2,000 133 NE 17th Avenue & NE 164th Street 100 111 NW 170th Street & Interstate 75 1,065 134 District, The 214 112 South Pointe 179 135 Intracoastal Mall 600 115 7755 West 4th Avenue 212 136 West Aventura Town Center 480 116 Oceanmar Park 148 137 14752 NE 6th Avenue 66 117 BH Miami Gardens Town Center 365 138 190 NW 162nd Street 100 118 Center at Miami Gardens 272 139 Capri Tower 259 119 New Way Gardens 429 140 New North Town Center 1,650 120 NW 183rd Street & NW 29th Court 90 141 NW 6th Avenue & NW 159th Street 426 125 1700 Service Road 250 142 SoLe Mia Phase II 4,390 128 502 NW 207 Street 288 165 Bay Harbor Island 104 129 NW 12th Avenue & NW Miami Gardens Drive 100 166 North Beach Town Center 134 130 Park Plaza Renovation 234 167 Ocean Terrace 58 131 Aventura Greynolds Village 139 177 Grand Doral Phase II 115

132 Canopies, The 52 Total Prospective 15,008 1 mi Source: Yardi Matrix

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

171

33 170

169

168

174

176

ID PROPERTY UNITS 172 33 Belle Isle Key 172 Total Under Construction 172

69 Wave, The 410 Total Planned 410

168 1600 Washington Avenue 134 69 169 947 100 170 Alton Road Mixed Use 250 173 171 Barclay Plaza 50 172 Council Towers Renovation 250 173 Crescent Heights 288 174 Flamingo 446 Redevelopment 175 175 Miami Beach Marina 250 176 West of West Development 100

Total Prospective 1,868 1000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective San Diego 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 Art Plaza 58 NE 14th Street Miami FL 33132 Lease-Up 667 Downtown Miami 08/31/2018 01/31/2020 03/07/2019 2 Maizon at Brickell 221 SW 12th Street Miami FL 33130 Lease-Up 262 Downtown Miami 01/31/2018 08/31/2019 05/22/2019 3 Deering Groves 13710 SW 256th Street Miami FL 33032 Lease-Up 281 Homestead 10/31/2017 08/31/2019 03/31/2019 4 Alcazar Phase I & II 14981 SW 283rd Street Homestead FL 33033 Lease-Up 288 Homestead 05/31/2017 08/31/2019 01/31/2018 5 Blu27 2701 Biscayne Blvd Miami FL 33137 Lease-Up 330 Edgewater - Wynwood 07/31/2017 07/31/2019 05/22/2019 6 Modera Edgewater 455 NE 24th Street Miami FL 33137 Lease-Up 297 Edgewater - Wynwood 08/01/2017 07/31/2019 05/22/2019 7 5250 Park 5250 NW 84th Avenue Doral FL 33166 Lease-Up 231 Doral 05/31/2018 07/31/2019 05/01/2019 8 Wynwood 25 240 NW 25th Street Miami FL 33127 Lease-Up 289 Edgewater - Wynwood 09/01/2017 07/31/2019 03/01/2019 9 Preserve at Coral Town Park, The 26484 SW 142nd Avenue Naranja FL 33032 Lease-Up 84 Homestead 07/01/2018 07/31/2019 03/01/2019 10 Palmetto Station 17945 SW 97th Avenue Palmetto Bay FL 33157 Lease-Up 271 Kendall - East 11/01/2017 07/31/2019 02/28/2019 11 Columbus on Fifth 514 SW 22nd Avenue Miami FL 33135 Lease-Up 72 Little Havana 01/01/2018 06/30/2019 04/01/2019 12 District West Gables Phase II 2101 SW 67th Avenue Miami FL 33155 Lease-Up 221 West Miami 02/01/2016 06/30/2019 09/30/2017 Total Lease-Up 3,293 13 Miami River Walk 1001 NW 7th Street Miami FL 33136 Under Construction 346 Allapattah 04/01/2019 01/31/2021 14 Modera Biscayne Bay 412 NE 22nd Street Miami FL 33137 Under Construction 296 Edgewater - Wynwood 05/09/2019 01/31/2021 15 Plaza Coral Gables, The 2901 Ponce de Leon Blvd Coral Gables FL 33134 Under Construction 174 - Flagler 12/31/2018 01/31/2021 16 MiMo Bay 6445 NE 7th Avenue Miami FL 33138 Under Construction 237 04/01/2019 12/31/2020 17 Alexan Doral 3900 NW 79th Avenue Doral FL 33166 Under Construction 350 Doral 01/01/2019 12/31/2020 18 Sanctuary Doral 9400 NW 41st Street Doral FL 33178 Under Construction 226 Doral 04/01/2019 12/31/2020 19 University Bridge 740 SW 109th Avenue Miami FL 33174 Under Construction 886 Fountainbleau 10/31/2018 12/31/2020 20 Mareas at Coral Reef, The SW 124th Avenue & SW 152nd Street Miami FL 33177 Under Construction 408 South Miami Heights 08/01/2018 12/31/2020 21 Gables Station 251 South Dixie Hwy Coral Gables FL 33133 Under Construction 450 Coconut Grove 09/01/2018 11/30/2020 22 Miami Plaza 1502 NE Miami Place Miami FL 33132 Under Construction 437 Edgewater - Wynwood 04/02/2019 09/30/2020 23 MiLa Phase III 20901 San Simeon Way Miami FL 33179 Under Construction 100 Norland 02/28/2019 06/30/2020 24 Soleste Bay Village 18301 South Dixie Hwy Miami FL 33157 Under Construction 200 Kendall - East 06/01/2018 05/31/2020 25 275 Fontainebleau Blvd 275 Fontainebleau Blvd Miami FL 33172 Under Construction 133 Fountainbleau 03/31/2019 03/31/2020 26 Liberty Square Phase IA 1415 NW 63rd Street Miami FL 33147 Under Construction 204 Liberty City - Brownsville 08/31/2018 03/31/2020 27 Estates at Acqualina, The 17901 Sunny Isles Beach FL 33160 Under Construction 91 Golden Beach 02/01/2019 02/29/2020 28 Corridor, The Phase III 760 NE 85th Street Miami FL 33138 Under Construction 62 Little Haiti 04/01/2019 02/29/2020

Source: Yardi Matrix San Diego 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 29 AMLI Chiquita 2900 NE 2nd Avenue Miami FL 33137 Under Construction 512 Edgewater - Wynwood 06/30/2018 02/29/2020 30 Midtown 6 3101 NE 1st Avenue Miami FL 33137 Under Construction 447 Edgewater - Wynwood 02/28/2018 02/29/2020 31 Soleste Alameda SW 8th Street & SW 64th Avenue Miami FL 33144 Under Construction 310 West Miami 08/01/2018 02/29/2020 32 Baccarat 3900 NW 7th Street Miami FL 33126 Under Construction 100 Coral Way - Flagler 01/31/2019 02/29/2020 33 Belle Isle Key 31 Venetian Cswy Miami Beach FL 33139 Under Construction 172 South Beach 08/01/2018 01/31/2020 34 Overture at Downtown Doral South NW 52nd Street & NW 87th Avenue Doral FL 33178 Under Construction 193 Doral 06/22/2018 01/31/2020 35 Soleste Twenty2 2201 Ludlam Road Miami FL 33155 Under Construction 338 West Miami 04/18/2018 01/31/2020 36 Century Parc Place 850 NW 42nd Avenue Miami FL 33126 Under Construction 230 Coral Way - Flagler 12/01/2018 01/31/2020 37 Bradley, The 51 NW 26th Street Miami FL 33127 Under Construction 175 Edgewater - Wynwood 05/08/2018 01/31/2020 38 Grand Doral 10950 NW 82nd Street Doral FL 33178 Under Construction 80 Doral 07/16/2018 12/31/2019 39 Lantower River Landing 1480 NW North River Drive Miami FL 33125 Under Construction 507 Allapattah 12/01/2017 12/31/2019 40 Megacenter Brickell 420 SW 7th Street Miami FL 33130 Under Construction 57 Downtown Miami 10/01/2018 12/31/2019 41 Modera Metro Dadeland Phase II 8215 SW 72nd Avenue Miami FL 33143 Under Construction 422 Glenvar Heights 02/01/2018 12/31/2019 42 Henry, The 4131 Laguna Street Coral Gables FL 33146 Under Construction 120 Coconut Grove 06/30/2018 12/31/2019 43 Lanai Landings 14550 Mable Street Homestead FL 33032 Under Construction 54 Homestead 12/31/2018 12/31/2019 44 Caribbean Village SW 110th Court & SW 200th Street Miami FL 33157 Under Construction 123 South Miami Heights 08/01/2018 12/31/2019 45 Identity 400 SW 107th Avenue Miami FL 33174 Under Construction 187 Fountainbleau 05/01/2018 10/31/2019 46 MB Station 3170 SW 22nd Street Miami FL 33145 Under Construction 190 Coral Way - Flagler 12/31/2017 10/31/2019 47 Park - Line MiamiCentral SWC NW 1st Avenue & NW 3rd Street Miami FL 33127 Under Construction 816 Downtown Miami 08/01/2017 08/31/2019 48 Soleste Blue Lagoon 5375 NW 7th Street Miami FL 33128 Under Construction 330 West Miami 01/31/2018 08/31/2019 49 Cassa Grove 2900 SW 28th Lane Miami FL 33133 Under Construction 130 Coral Way - Flagler 02/01/2018 08/31/2019 50 Paseo de la Riviera 1350 South Dixie Hwy Coral Gables FL 33146 Under Construction 204 Coconut Grove 12/01/2017 08/31/2019 51 Kirra's 21401 SW 112th Avenue Goulds FL 33170 Under Construction 55 Cutler Bay 09/01/2018 08/31/2019 52 Plaza Pointe NW 59th Avenue & NW 183rd Street Hialeah FL 33015 Under Construction 71 Country Club 12/31/2017 07/31/2019 53 Las Vistas at Amelia 7925 West 2nd Court Hialeah FL 33014 Under Construction 174 Hialeah 02/01/2018 07/31/2019 54 Triton Center 7880 Biscayne Blvd Miami FL 33138 Under Construction 325 Little Haiti 01/31/2018 07/31/2019 55 La Vida Apartments at Blue Lagoon 6600 NW 7th Street Miami FL 33126 Under Construction 272 West Miami 01/01/2018 07/31/2019 56 Quadro 3900 Biscayne Blvd Miami FL 33137 Under Construction 198 Morningside 06/01/2017 06/30/2019 Total Under Construction 11,392 57 Lucida Palmetto 15800 NW 77th Court Hialeah FL 33016 Planned 108 Country Club

Source: Yardi Matrix San Diego 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 58 Pura Vida Hialeah 2901 West 16th Avenue Hialeah FL 33012 Planned 260 Hialeah 59 East 41 1100 East 41st Street Hialeah FL 33013 Planned 413 Opa-Locka 60 Mosaic Apartments at Opa Locka 13800 NW 22nd Avenue Opa Locka FL 33054 Planned 104 Bunche Park 61 5 Park 17071 West Dixie Hwy North Miami Beach FL 33160 Planned 415 Golden Beach 62 Marina del Mar II 100 Kings Point Drive Sunny Isles Beach FL 33160 Planned 256 Golden Beach 63 Riverwalk North Miami Beach 16375 Biscayne Blvd Aventura FL 33160 Planned 730 Golden Beach 64 Uptown Biscayne 2355 NE 163rd Street North Miami Beach FL 33160 Planned 245 Golden Beach 65 840 NE 130th Street 840 NE 130th Street North Miami FL 33161 Planned 67 North Miami 66 Causeway Village 1850 NE 123rd Street North Miami FL 33181 Planned 297 Miami Shores 67 101 Hialeah Drive 101 Hialeah Drive Hialeah FL 33010 Planned 105 Liberty City - Brownsville 68 Marlborough House 5775 Collins Avenue Miami Beach FL 33140 Planned 90 Mid Beach 69 Wave, The 600 Alton Road Miami Beach FL 33139 Planned 410 South Beach 70 10500 NW 78th Street 10500 NW 78th Street Doral FL 33178 Planned 369 Doral 71 Elan at Downtown Doral South NW 41st Street & NW 87th Avenue Doral FL 33166 Planned 383 Doral 72 1836 Biscayne Boulevard 1836 Biscayne Blvd Miami FL 33132 Planned 352 Edgewater - Wynwood 73 1900 Biscayne Boulevard 1900 Biscayne Blvd Miami FL 33132 Planned 429 Edgewater - Wynwood 74 Midtown 7 3001 NE 1st Avenue Miami FL 33137 Planned 391 Edgewater - Wynwood 75 Wynwood Square 2201 North Miami Avenue Miami FL 33127 Planned 241 Edgewater - Wynwood 76 Brickell Ridge Redevelopment 1020 SW 1st Avenue Miami FL 33130 Planned 243 Downtown Miami 77 Downtown 5th 501 North Miami Avenue Miami FL 33136 Planned 1,042 Downtown Miami 78 Liquid Lofts 35 SW 1st Street Miami FL 33130 Planned 482 Downtown Miami 79 Luma at Miami Worldcenter 150 NE 7th Street Miami FL 33130 Planned 434 Downtown Miami 80 M - Tower 56 SW 1st Street Miami FL 33130 Planned 440 Downtown Miami 81 Miami Station Tower 530 NW 1st Court Miami FL 33128 Planned 154 Downtown Miami 82 Miami Worldcenter Block E 1001 NE 1st Avenue Miami FL 33132 Planned 533 Downtown Miami 83 Miami Worldcenter Block G Phase II SWC NE 1st Avenue & NE 7th Street Miami FL 33132 Planned 413 Downtown Miami 84 Nexus Riverside 230 SW 3rd Street Miami FL 33034 Planned 462 Downtown Miami 85 One Bayfront Plaza 100 South Biscayne Blvd Miami FL 33131 Planned 1,000 Downtown Miami

Source: Yardi Matrix San Diego 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 86 X Biscayne 400 Biscayne Blvd Miami FL 33132 Planned 714 Downtown Miami 87 Altis Little Havana 2100 SW 8th Street Miami FL 33135 Planned 224 Little Havana 88 6075 Sunset Drive 6075 Sunset Drive Miami FL 33143 Planned 203 South Miami 89 Sunset Place 5701 Sunset Drive South Miami FL 33146 Planned 414 South Miami 90 South Miami Town Square 5850 SW 73rd Street South Miami FL 33143 Planned 301 Glenvar Heights 91 SW 70th Avenue & SW 85th Street SWC SW 70th Avenue & SW 85th Street Miami FL 33143 Planned 416 Glenvar Heights 92 33 Alhambra Circle 33 Alhambra Circle Coral Gables FL 33134 Planned 189 Coral Way - Flagler 93 Douglas Enclave 3670 NW 1st Street Miami FL 33125 Planned 199 Coral Way - Flagler 94 Grove Central 2780 SW 27th Avenue Miami FL 33133 Planned 330 Coral Way - Flagler 95 Link at Douglas South Dixie Hwy & Miami FL 33133 Planned 312 Coral Way - Flagler 96 Miracle Residences 2551 Le Jeune Road Coral Gables FL 33134 Planned 282 Coral Way - Flagler 97 Regency on the Park, The 912 East Ponce De Leon Blvd Coral Gables FL 33134 Planned 161 Coral Way - Flagler 98 CCCC Miami Towers 1420 South Miami Avenue Miami FL 33130 Planned 500 Brickell 99 Goulds Residential Complex NEC SW 117th Court & SW 214th Street Goulds FL 33177 Planned 103 South Miami Heights 100 Alcazar Phase III 14981 SW 283rd Street Homestead FL 33033 Planned 168 Homestead 101 Bauer Parc South 26200 SW 137th Avenue Naranja FL 33032 Planned 468 Homestead 102 SW 147th Avenue & SW 264th Street SW 147th Avenue & SW 264th Street Princeton FL 33032 Planned 417 Homestead 103 Residences at NoMi 950 NE 125th Street Miami FL 33161 Planned 175 North Miami 104 Arts Luxury 38 NE 17th Street Miami FL 33132 Planned 550 Edgewater - Wynwood 105 NW 2nd Avenue & NW 22nd Street NW 2nd Avenue & NW 22nd Street Miami FL 33127 Planned 3,482 Edgewater - Wynwood 106 Gallery at West Brickell 955 SW 2nd Avenue Miami FL 33130 Planned 287 Downtown Miami 107 Soleste Grand Central 218 NW 8th Street Miami FL 33136 Planned 360 Downtown Miami Total Planned 21,123 108 11055 West 36th Avenue 11055 West 36th Avenue Hialeah FL 33018 Prospective 245 Country Club 109 9715 NW 138th Street 9715 NW 138th Street Hialeah FL 33018 Prospective 244 Country Club 110 NW 102nd Avenue & NW 170th Street NW 102nd Avenue & NW 170th Street Miami Lakes FL 33018 Prospective 2,000 Country Club 111 NW 170th Street & Interstate 75 NW 170th Street & Interstate 75 Hialeah FL 33018 Prospective 1,065 Country Club 112 South Pointe NW 82nd Avenue & Commerce Way Miami Lakes FL 33016 Prospective 179 Country Club

Source: Yardi Matrix San Diego 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 113 2345 West 5th Avenue 2345 West 5th Avenue Hialeah FL 33010 Prospective 80 Hialeah 114 640 West 18th Street 640 West 18th Street Hialeah FL 33010 Prospective 92 Hialeah 115 7755 West 4th Avenue 7755 West 4th Avenue Hialeah FL 33014 Prospective 212 Hialeah 116 Oceanmar Park 1280 West 25th Place Hialeah FL 33010 Prospective 148 Hialeah 117 BH Miami Gardens Town Center NW 27th Avenue & NW 191st Street Miami Gardens FL 33056 Prospective 365 Miami Gardens 118 Center at Miami Gardens 19371 NW 27th Avenue Miami Gardens FL 33056 Prospective 272 Miami Gardens 119 New Way Gardens 16800 NW 22nd Avenue Miami Gardens FL 33056 Prospective 429 Miami Gardens 120 NW 183rd Street & NW 29th Court NW 29th Court & NW 183rd Street Miami Gardens FL 33056 Prospective 90 Miami Gardens 121 25th Street Station 1033 East 25th Street Hialeah FL 33013 Prospective 119 Opa-Locka 122 955 East 25th Street 955 East 25th Street Hialeah FL 33013 Prospective 216 Opa-Locka 123 Bridge Crossings 2765 East 11th Avenue Hialeah FL 33013 Prospective 74 Opa-Locka 124 Northside Village 2795 NW 84th Street Miami FL 33147 Prospective 59 Opa-Locka 125 1700 Service Road 1700 Service Road Opa-Locka FL 33054 Prospective 250 Bunche Park 126 Lakeshore Presidential Phase II 1260 NW 95th Street Miami FL 33147 Prospective 304 West Little River 127 Rovell 939 NW 81st Street Miami FL 33150 Prospective 216 West Little River 128 502 NW 207 Street 502 NW 207 Street Miami Gardens FL 33169 Prospective 288 Norland NW 12th Avenue & NW Miami Gardens 129 NW 12th Avenue & NW Miami Gardens Drive Drive Miami Gardens FL 33169 Prospective 100 Norland 130 Park Plaza Renovation 17600 NW 5th Avenue Miami FL 33169 Prospective 234 Norland 131 Aventura Greynolds Village 17990 West Dixie Hwy North Miami FL 33160 Prospective 139 North Miami Beach 132 Canopies, The 1640 NE 164th Street North Miami Beach FL 33162 Prospective 52 North Miami Beach 133 NE 17th Avenue & NE 164th Street NE 17th Avenue & NE 164th Street North Miami Beach FL 33162 Prospective 100 North Miami Beach 134 District, The 2681 NE 191st Street Miami FL 33180 Prospective 214 Golden Beach 135 Intracoastal Mall 3501 Sunny Isles Blvd North Miami Beach FL 33160 Prospective 600 Golden Beach 136 West Aventura Town Center NW 23rd Court & NE 201st Street Miami FL 33180 Prospective 480 Golden Beach 137 14752 NE 6th Avenue 14752 NE 6th Avenue Miami FL 33161 Prospective 66 North Miami 138 190 NW 162nd Street 190 NW 162nd Street Miami FL 33169 Prospective 100 North Miami 139 Capri Tower 13899 Biscayne Blvd North Miami Beach FL 33181 Prospective 259 North Miami 140 New North Town Center NE 159th Street & West Dixie Hwy Miami FL 33009 Prospective 1,650 North Miami 141 NW 6th Avenue & NW 159th Street NW 6th Avenue & NW 159th Street Miami FL 33169 Prospective 426 North Miami

Source: Yardi Matrix San Diego 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 142 SoLe Mia Phase II 15045 Biscayne Blvd North Miami Beach FL 33181 Prospective 4,390 North Miami 143 1050 East 9th Street 1050 East 9th Street Hialeah FL 33010 Prospective 145 Liberty City - Brownsville 144 2200 East 4th Avenue 2200 East 4th Avenue Hialeah FL 33013 Prospective 4,400 Liberty City - Brownsville 145 Apogean Pointe SE 9th Court & SE 12th Street Hialeah FL 33010 Prospective 68 Liberty City - Brownsville 146 Liberty Square Phase IIIB 4750 NW 24th Court Miami FL 33142 Prospective 144 Liberty City - Brownsville 147 Liberty Square Phase IVC 4750 NW 24th Court Miami FL 33142 Prospective 120 Liberty City - Brownsville 148 Liberty Square Phase IVD 4750 NW 24th Court Miami FL 33142 Prospective 240 Liberty City - Brownsville 149 Market Station Development 725 SE 9th Court Hialeah FL 33010 Prospective 2,057 Liberty City - Brownsville 150 NW 35th Avenue & NW 36th Street NW 35th Avenue & NW 36th Street Miami FL 33142 Prospective 198 Liberty City - Brownsville 151 Shoma Village 410 Hialeah Drive Hialeah FL 33010 Prospective 304 Liberty City - Brownsville 152 Sunset Pointe Phase II 1170 NW 79th Street Miami FL 33150 Prospective 96 Liberty City - Brownsville 153 Superior Manor Phase II 5155 NW 24th Avenue Miami FL 33142 Prospective 101 Liberty City - Brownsville 154 Sweet River 3623 NW 36th Street Miami FL 33142 Prospective 108 Liberty City - Brownsville 155 Villages II, The 6886 NW 7th Avenue Miami FL 33150 Prospective 230 Liberty City - Brownsville 156 Villages III, The 6886 NW 7th Avenue Miami FL 33150 Prospective 192 Liberty City - Brownsville 157 181 NE 82nd Street 181 NE 82nd Street Miami FL 33138 Prospective 96 Little Haiti 158 490 NW 79th Street 490 NW 79th Street Miami FL 33106 Prospective 100 Little Haiti 159 7000 Biscayne Blvd 7000 Biscayne Blvd Miami FL 33138 Prospective 85 Little Haiti 160 Eastside Ridge 5175 NE 2nd Court Miami FL 33137 Prospective 2,798 Little Haiti 161 Little River Center 7924 NE 2nd Avenue Miami FL 33138 Prospective 100 Little Haiti 162 Magic City Innovation District, The 6300 NE 4th Avenue Miami FL 33138 Prospective 2,490 Little Haiti 163 3801 Biscayne Blvd 3801 Biscayne Blvd Miami FL 33137 Prospective 136 Morningside 164 Paseo 5700 Biscayne Blvd Miami FL 33137 Prospective 294 Morningside 165 Bay Harbor Island West Bay Harbor Drive & Kane Concourse Bay Harbor Islands FL 33154 Prospective 104 North Beach 166 North Beach Town Center 71st Street & Byron Avenue Miami Beach FL 33141 Prospective 134 North Beach 167 Ocean Terrace 74th Street & Ocean Terrace Miami Beach FL 33141 Prospective 58 North Beach 168 1600 Washington Avenue 1600 Washington Avenue Miami Beach FL 33139 Prospective 134 South Beach 169 947 Lincoln Road 947 Lincoln Road Miami Beach FL 33139 Prospective 100 South Beach 170 Alton Road Mixed Use 17th Street & Alton Road Miami Beach FL 33139 Prospective 250 South Beach

Source: Yardi Matrix San Diego 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 171 Barclay Plaza 1940 Park Avenue Miami Beach FL 33139 Prospective 50 South Beach 172 Council Towers Renovation 1040 North Collins Avenue Miami Beach FL 33139 Prospective 250 South Beach 173 Crescent Heights 500 Alton Road Miami Beach FL 33139 Prospective 288 South Beach 174 Flamingo South Beach Redevelopment 1504 Bay Road Miami Beach FL 33139 Prospective 446 South Beach 175 Miami Beach Marina 300 Alton Road Miami Beach FL 33139 Prospective 250 South Beach 176 West of West Development 13th Street & Alton Road Miami Beach FL 33139 Prospective 100 South Beach 177 Grand Doral Phase II 10950 NW 82nd Street Doral FL 33178 Prospective 115 Doral 178 Marquesa 3301 NW 97th Avenue Doral FL 33178 Prospective 100 Doral 179 Springs Town Center 1 Curtiss Pkwy Miami Springs FL 33166 Prospective 51 Doral 180 1543 NW South River Drive 1543 NW South River Drive Miami FL 33125 Prospective 63 Allapattah 181 1652 NW 17th Avenue 1652 NW 17th Avenue Miami FL 33125 Prospective 192 Allapattah 182 3670 NW 20th Avenue 3670 NW 20th Avenue Miami FL 33142 Prospective 77 Allapattah 183 800 NW 13th Avenue 800 NW 13th Avenue Miami FL 33125 Prospective 318 Allapattah 184 Allapattah Residential 1490 NW 20th Street Miami FL 33142 Prospective 150 Allapattah 185 East River Residences NW 8th Avenue & NW 11th Street Road Miami FL 33136 Prospective 194 Allapattah 186 Miami Produce Center 2140 NW 12th Avenue Miami FL 33142 Prospective 1,200 Allapattah 187 Miami River Walk Phase II 1001 NW 7th Street Miami FL 33136 Prospective 342 Allapattah 188 NW 11th Avenue & NW 21st Street 2140 NW 12th Avenue Miami FL 33127 Prospective 637 Allapattah 189 NW 7th Avenue & NW 35th Street NW 7th Avenue & NW 35th Street Miami FL 33127 Prospective 51 Allapattah 190 Soleste at the District 1033 Spring Garden Road Miami FL 33136 Prospective 251 Allapattah 191 1765 North Miami Avenue 1765 North Miami Avenue Miami FL 33136 Prospective 100 Edgewater - Wynwood 192 1775 Biscayne Blvd 1775 Biscayne Blvd Miami FL 33132 Prospective 444 Edgewater - Wynwood 193 1900 NE Miami Avenue 1900 NE Miami Court Miami FL 33132 Prospective 358 Edgewater - Wynwood 194 2000 Biscayne Blvd 2000 Biscayne Blvd Miami FL 33137 Prospective 393 Edgewater - Wynwood 195 3050 Biscayne Blvd 3050 Biscayne Blvd Miami FL 33137 Prospective 754 Edgewater - Wynwood 196 35 NW 27th Street 35 NW 27th Street Miami FL 33127 Prospective 92 Edgewater - Wynwood 197 Biscayne Arts Plaza 1700 Biscayne Blvd Miami FL 33132 Prospective 500 Edgewater - Wynwood 198 Edgewater 29 421 NE 29th Street Miami FL 33137 Prospective 174 Edgewater - Wynwood 199 NE 1st Avenue & NE 17th Street NE 1st Avenue & NE 17th Street Miami FL 33132 Prospective 225 Edgewater - Wynwood

Source: Yardi Matrix San Diego 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 200 NW 2nd Avenue & NW 29th Street NW 2nd Avenue & NW 29th Street Miami FL 33127 Prospective 70 Edgewater - Wynwood 201 Westdale at Wynwood NW 2nd Avenue & NW 29th Street Miami FL 33127 Prospective 202 Edgewater - Wynwood 202 Wynwood Green 56 NW 29th Street Miami FL 33127 Prospective 189 Edgewater - Wynwood 203 1133 SW 2nd Avenue 1133 SW 2nd Avenue Miami FL 33130 Prospective 196 Downtown Miami 204 129 NE 8th Street 129 NE 8th Street Miami FL 33030 Prospective 434 Downtown Miami 205 1370 NE 2nd Avenue 1370 NE 2nd Avenue Miami FL 33132 Prospective 1,100 Downtown Miami 206 200 North Miami Avenue 200 North Miami Avenue Miami FL 33128 Prospective 328 Downtown Miami 207 200 SE 2nd Avenue 200 SE 2nd Avenue Miami FL 33131 Prospective 637 Downtown Miami 208 31 NE 14th Street 31 NE 14th Street Miami FL 33132 Prospective 457 Downtown Miami 209 40 NW 3rd Street 40 NW 3rd Street Miami FL 33128 Prospective 300 Downtown Miami 210 400 SE 2nd Avenue 400 SE 2nd Avenue Miami FL 33131 Prospective 1,800 Downtown Miami 211 533 NW 2nd Avenue 533 NW 2nd Avenue Miami FL 33136 Prospective 150 Downtown Miami 212 54 West Flagler 54 West Miami FL 33130 Prospective 397 Downtown Miami 213 Block 45 Overtown 152 NW 8th Street Miami FL 33136 Prospective 600 Downtown Miami 214 City of Miami Headquarters Redevelopment 444 SW 2nd Avenue Miami FL 33130 Prospective 1,100 Downtown Miami 215 Flagler Square 172 West Flagler Street Miami FL 33130 Prospective 100 Downtown Miami 216 Innovation District 1151 NW 1st Place Miami FL 33136 Prospective 250 Downtown Miami 217 Lynx 16 SE 2nd Street Miami FL 33131 Prospective 900 Downtown Miami 218 Presidente Supermarket SW 1st Street & SW 7th Avenue Miami FL 33130 Prospective 96 Downtown Miami 219 Resorts World Miami 1455 Biscayne Blvd Miami FL 33132 Prospective 100 Downtown Miami 220 Riverwest Miami NW 1st Street & NW 3rd Court Miami FL 33128 Prospective 719 Downtown Miami 221 Sawyer's Landing 249 NW 6 Street Miami FL 33136 Prospective 500 Downtown Miami 222 SW 1st Street & SW 7th Avenue SW 1st Street & SW 7th Avenue Miami FL 33130 Prospective 196 Downtown Miami 223 World Trade Center of the Americas 340 Biscayne Blvd Miami FL 33132 Prospective 400 Downtown Miami 224 1140 NW 1st Street 1140 NW 1st Street Miami FL 33128 Prospective 100 Little Havana 225 2135 SW 6th Street 2135 SW 6th Street Miami FL 33135 Prospective 57 Little Havana 226 Casa Luna 45 NW 22nd Avenue Miami FL 33125 Prospective 79 Little Havana 227 Reflections 1000 NW 7th Street Miami FL 33136 Prospective 138 Little Havana 228 8785 SW 165th Avenue 8785 SW 165th Avenue Miami FL 33193 Prospective 120 Kendall - West

Source: Yardi Matrix San Diego 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 229 Hidden Lake 12950 SW 127th Avenue Miami FL 33183 Prospective 136 Kendall - West 230 Kendall Town Center SW 88th Street & SW 158th Avenue Miami FL 33186 Prospective 600 Kendall - West 231 SW 136th Street & SW 162nd Avenue SW 136th Street & SW 162nd Avenue Miami FL 33196 Prospective 264 Kendall - West 232 740 SW 109th Avenue 740 SW 109th Avenue Miami FL 33174 Prospective 293 Fountainbleau 233 Grand Bay South 8560 SW 102nd Avenue Miami FL 33173 Prospective 440 Sunset 234 SW 88th Street & SW 107th Avenue SW 88th Street & SW 107th Avenue Miami FL 33176 Prospective 418 Sunset 235 1200 NW 57th Avenue 1200 NW 57th Avenue Miami FL 33126 Prospective 100 West Miami 236 5800 Blue Lagoon Drive 5800 Blue Lagoon Drive Miami FL 33126 Prospective 241 West Miami 237 6950 NW 7th Street 6950 NW 7th Street Miami FL 33126 Prospective 471 West Miami 238 Lion Terrace SW 12th Street & SW 70th Avenue Coral Terrace FL 33144 Prospective 800 West Miami 239 Soleste Park View SW 8th Street & SW 52nd Avenue Coral Gables FL 33134 Prospective 99 West Miami 240 Trail 1040 SW 70th Avenue Miami FL 33144 Prospective 899 West Miami 241 Altis Ludlam SEC SW 70th Court & Bird Road Miami FL 33155 Prospective 313 South Miami 242 Ludham Trail SW 40th Street & SW 82nd Avenue Miami FL 33155 Prospective 950 South Miami 243 MiLine 7004 SW 45th Street Miami FL 33155 Prospective 965 South Miami 244 Uncommon Miami 5960 SW 57th Avenue Miami FL 33143 Prospective 202 South Miami 245 9600 South Dixie Hwy 9600 South Dixie Hwy Miami FL 33156 Prospective 420 Glenvar Heights 246 100 Miracle Mile 100 Miracle Mile Coral Gables FL 33134 Prospective 135 Coral Way - Flagler 247 211 Santillane Avenue 211 Santillane Avenue Coral Gables FL 33134 Prospective 69 Coral Way - Flagler 248 2828 Flager Street 2828 West Flagler Street Miami FL 33135 Prospective 208 Coral Way - Flagler 249 301 Madeira Avenue 301 Madeira Avenue Coral Gables FL 33134 Prospective 174 Coral Way - Flagler 250 44 Zamora 44 Zamora Avenue Coral Gables FL 33134 Prospective 91 Coral Way - Flagler 251 Bella Villa Coral Gables Galiano Street & Sidonia Avenue Avenue Coral Gables FL 33134 Prospective 51 Coral Way - Flagler 252 Coral Gables City Center 345 Andalusia Avenue Coral Gables FL 33134 Prospective 270 Coral Way - Flagler 253 Link at Douglas Phase II South Dixie Hwy & Douglas Road Miami FL 33133 Prospective 421 Coral Way - Flagler 254 Link at Douglas Phases III & IV South Dixie Hwy & Douglas Road Miami FL 33133 Prospective 380 Coral Way - Flagler 255 Shipping Avenue 3811 Shipping Avenue Miami FL 33146 Prospective 254 Coral Way - Flagler 256 Smathers Plaza Phase III 935 SW 30th Avenue Miami FL 33135 Prospective 112 Coral Way - Flagler 257 1430 Brickell Bay Drive 1430 Brickell Bay Drive Miami FL 33131 Prospective 300 Brickell

Source: Yardi Matrix San Diego 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 258 Babylon Redevelopment SE 14th Street & Brickell Bay Drive Miami FL 33131 Prospective 100 Brickell 259 Brickell CityCentre 701 South Miami Avenue Miami FL 33130 Prospective 588 Brickell 260 Yacht Club at Brickell Phase II 1111 Brickell Bay Drive Miami FL 33131 Prospective 572 Brickell 261 3750 South Dixie Hwy 3750 South Dixie Hwy Coconut Grove FL 33133 Prospective 192 Coconut Grove 262 Coconut Grove Playhouse 3500 Main Hwy Miami FL 33133 Prospective 100 Coconut Grove 263 Gables Ponce Phase III 4557 Ponce de Leon Blvd Coral Gables FL 33146 Prospective 210 Coconut Grove 264 Grand Plaza 3280 Grand Avenue Miami FL 33133 Prospective 160 Coconut Grove 265 Granello Avenue & Greco Avenue Granello Avenue & Greco Avenue Coral Gables FL 33146 Prospective 183 Coconut Grove 266 Harbour, The 51 Chart House Drive Miami FL 33133 Prospective 100 Coconut Grove 267 Standard at Coral Gables, The 1500 Venera Avenue Coral Gables FL 33146 Prospective 165 Coconut Grove 268 Summerhill 2655 South Bayshore Drive Miami FL 33133 Prospective 303 Coconut Grove 269 SW 42nd Avenue and Bird Road SEC SW 42nd Avenue and Bird Road Coral Gables FL 33146 Prospective 118 Coconut Grove 270 Boardwalk at Lakeside SW 218th Street & Burr Road Miami FL 33170 Prospective 192 South Miami Heights 271 Bowtie Villas 18200 SW 147th Avenue Miami FL 33187 Prospective 150 South Miami Heights 272 Mareas at Coral Reef Phase II, The SW 124th Avenue & Miami FL 33177 Prospective 192 South Miami Heights 273 Mareas at Coral Reef Phase III, The SW 124th Avenue & Coral Reef Drive Miami FL 33177 Prospective 300 South Miami Heights 274 Vista Verde at Deerwood Phase II 13901 SW 122nd Avenue Miami FL 33186 Prospective 50 South Miami Heights 275 Park View 9420 SW 174th Street Palmetto Bay FL 33157 Prospective 308 Kendall - East 276 Sandpiper Village 9700 East Indigo Street Palmetto Bay FL 33157 Prospective 82 Kendall - East 277 Shores at Palmetto Bay, The 17800 SW 97th Avenue Miami FL 33176 Prospective 220 Kendall - East 278 Blue Heaven Villas NW 7th Avenue & Lucy Street City FL 33034 Prospective 106 Florida City 279 248th Park 13850 SW 248th Street Homestead FL 33032 Prospective 144 Homestead 280 28600 SW 132nd Avenue 28600 SW 132nd Avenue Homestead FL 33033 Prospective 863 Homestead 281 29355 South Dixie Phase II 29355 South Dixie Highway Homestead FL 33033 Prospective 118 Homestead 282 Artesa 11406 SW 248th Street Homestead FL 33032 Prospective 283 Homestead 283 Edge at Naranja, The 14501 SW 264th Street Homestead FL 33032 Prospective 192 Homestead 284 Grandville Place 14460 SW 260th Street Homestead FL 33032 Prospective 174 Homestead 285 Lake Victoria Townhouses SW 132nd Avenue & SW 268th Street Homestead FL 33032 Prospective 89 Homestead 286 Landings, The Redevelopment 201 NE 11th Street Homestead FL 33030 Prospective 100 Homestead

Source: Yardi Matrix San Diego 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 287 Leisure City Community Urban District SW 272nd Street & Old Dixie Hwy Homestead FL 33032 Prospective 500 Homestead 288 Napoli Towers 14505 SW 260th Street Homestead FL 33032 Prospective 246 Homestead 289 Naranja Urban Villas SW 140th Avenue & SW 270th Street Naranja FL 33032 Prospective 57 Homestead 290 Park 28610 SW 152th Avenue Homestead FL 33033 Prospective 95 Homestead 291 Pointe at Princeton, The 14251 SW 256th Street Homestead FL 33032 Prospective 340 Homestead 292 Roma Towers SW 147th Avenue & SW 260th Street Princeton FL 33032 Prospective 360 Homestead 293 Solera SW 152nd Avenue & Speedway Blvd Homestead FL 33035 Prospective 189 Homestead 294 Southern Villas Townhomes NWC SW 134th Avenue & SW 254th Street Homestead FL 33032 Prospective 100 Homestead 295 Sunshine Villas 25101 SW 134th Avenue Homestead FL 33032 Prospective 68 Homestead 296 SW 128th Place & SW 280th Street SW 128th Place & SW 280th Street Homestead FL 33032 Prospective 193 Homestead 297 SW 152nd Avenue & SW 280th Street SW 152nd Avenue & SW 280th Street Homestead FL 33032 Prospective 216 Homestead 298 Veranda Homestead 28201 SW 152nd Avenue Homestead FL 33033 Prospective 240 Homestead 299 Blue Lagoon NW 7th Avenue & NW 49th Street Miami FL 33127 Prospective 888 Liberty City - Brownsville 300 Caribbean Village Phase II SW 110th Court & SW 200th Street Miami FL 33157 Prospective 226 South Miami Heights 301 SW 192nd Avenue & SW 344th Street SW 192nd Avenue & SW 344th Street Homestead FL 33034 Prospective 327 Florida City 302 Madison Point SW 266th Street & South Dixie Hwy Naranja FL 33032 Prospective 261 Homestead 303 Rosemary Cove SW 260th Street & South Dixie Hwy Naranja FL 33032 Prospective 135 Homestead Total Prospective 71,790 TOTAL SAN DIEGO 107,598

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