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Home , Dodge Island, Flagami, Little Havana

Miami New Construction & Proposed Multifamily Projects 3Q20

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14 22 ID PROPERTY UNITS

3 Waterline River 346

9 Park-Line Miami 816 37 45 13 Lantower River Landing 528 14 AMLI 719 15 Gio Midtown 447 49 Total Lease Up 2,856 43

25 18 Downtown 5th 1,042 13 19 Caoba Phase II 411 27 34 3 22 Green 189 41 19 9 23 First-Little 196 48 18 28 25 North Tower at Flamingo 42 Point Redevelopment 366 30 27 Luma at Miami Worldcenter 434 23 28 Society Biscayne 646 30 The Park on Fifth 330 34 Gallery River Parc 150

35 Altis 224 35 37 Wynwood Square 257 41 Soleste Grand Central 360 42 Grand Station Tower 300 Miami 43 No. 17 Residences 192 45 Modera 296 48 Reflections 138 49 Bella Isla 172 Total Under Construction 5,703 2000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Miami New Construction & Proposed Multifamily Projects 3Q20

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ID PROPERTY UNITS

1 850 Living 230 53 47 2 Elan Downtown Doral 383 5 Adela at MiMo Bay 236 44 6 Sanctuary Doral 226 7 Palmera 440 8 Avalon Doral 350 10 The One at University City 886 51 11 Atlantico at Aquabella 245 7 54 16 MiLa Phase III 486 39 Total Lease Up 3,482 46 5 38 29 21 Shoma Village 304 21 55 26 Center at Miami Gardens 259 29 The Boulevard 283 2 6 8 38 The Landmark South Phase II 213 39 Vesada 369 44 Biscayne 112 402 46 640 West 18th Street 91 1 47 Parc Vista at Amelia 106 50 50 Monte Cassini 120

51 The Corridor South 62 Dodge Island 10 53 Prestige Waterfront Redevelopment 52 54 Grand at Doral 80 55 Springs Town Center 51 Total Under Construction 2,392 1 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Miami New Construction & Proposed Multifamily Projects 3Q20

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ID PROPERTY UNITS

4 The Reserve at the Plaza 174 12 AHS at Coral Reef 175 17 Modera Metro Phase II 422 Total Lease Up 771 33

20 Altis Ludlam Trail 312 24 Link at Douglas 312 31 Vox Miami 361 32 SW 136th Street & SW 153rd Avenue 264 33 Pine Groves 204 36 The Standard 147 40 40 The Park 92 52 Gables Station 504 Total Under Construction 2,196 1 mi Source: Yardi Matrix

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

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

1 850 Living 850 NW 42nd Avenue Miami FL 33126 Lease-Up 230 Miami - 04/30/2019 06/30/2021 06/22/2020 2 Elan Downtown Doral 8425 NW 41st Street Doral FL 33166 Lease-Up 383 Doral 06/27/2019 01/31/2021 10/14/2020 3 Waterline 1001 NW 7th Street Miami FL 33136 Lease-Up 346 Miami - Little Havana 04/01/2019 01/31/2021 10/01/2020 4 The Reserve at the Plaza 122 Sevilla Avenue Coral Gables FL 33134 Lease-Up 174 Coral Gables 12/31/2018 01/31/2021 07/23/2020 5 Adela at MiMo Bay 6445 NE 7th Avenue Miami FL 33138 Lease-Up 236 Miami - Upper East Side 04/01/2019 12/31/2020 10/22/2020 6 Sanctuary Doral 9400 NW 41st Street Doral FL 33178 Lease-Up 226 Doral 04/01/2019 12/31/2020 07/01/2020 7 Palmera 8400 NW 102nd Avenue Doral FL 33178 Lease-Up 440 Doral 10/31/2018 12/31/2020 06/23/2020 8 Avalon Doral 3940 NW 79th Avenue Doral FL 33166 Lease-Up 350 Doral 01/01/2019 12/31/2020 06/22/2020 9 Park-Line Miami 100 NW 6 Street Miami FL 33136 Lease-Up 816 Miami - Downtown 08/01/2017 12/31/2020 03/01/2020 Fontainebleau - 10 The One at University City 740 SW 109th Avenue Miami FL 33174 Lease-Up 886 10/31/2018 12/31/2020 03/01/2020 University Park 11 Atlantico at Aquabella 11181 West 35th Way Hialeah FL 33018 Lease-Up 245 Hialeah 09/30/2019 11/30/2020 05/11/2020 12 AHS at Coral Reef 9761 SW 152nd Street Miami FL 33157 Lease-Up 175 Kendall 04/01/2019 11/30/2020 05/08/2020 13 Lantower River Landing 1480 NW North River Drive Miami FL 33125 Lease-Up 528 Miami - 12/01/2017 11/30/2020 03/16/2020 14 AMLI Midtown Miami 3000 NE 2nd Avenue Miami FL 33137 Lease-Up 719 Miami - 06/30/2018 11/30/2020 03/01/2020 15 Gio Midtown 3131 NE 1st Avenue Miami FL 33137 Lease-Up 447 Miami - Wynwood 02/28/2018 11/30/2020 01/28/2020 16 MiLa Phase III 20941 San Simeon Way North Miami Beach FL 33179 Lease-Up 486 North Miami Beach 02/28/2019 11/30/2020 01/01/2020 17 Modera Metro Dadeland Phase II 8215 SW 72nd Avenue Miami FL 33143 Lease-Up 422 South Miami 02/01/2018 11/30/2020 10/01/2019 Total Lease-Up 7,109

18 Downtown 5th 500 NE 1st Avenue Miami FL 33132 Under Construction 1,042 Miami - Downtown 12/01/2019 02/28/2023 19 Caoba Phase II 698 NE 1st Avenue Miami FL 33132 Under Construction 411 Miami - Downtown 09/30/2019 11/30/2022 20 Altis Ludlam Trail 7004 Miami FL 33155 Under Construction 312 South Miami 10/17/2020 04/30/2022 21 Shoma Village 435 Hialeah Drive Hialeah FL 33010 Under Construction 304 Hialeah 08/03/2020 03/31/2022 22 Wynwood Green 56 NW 29th Street Miami FL 33127 Under Construction 189 Miami - Wynwood 08/24/2020 02/28/2022 23 First-Little Havana 702 SW 1st Street Miami FL 33130 Under Construction 196 Miami - Little Havana 03/03/2020 01/31/2022 24 Link at Douglas 3060 SW 37th Court Miami FL 33146 Under Construction 312 Miami - 01/01/2020 01/31/2022 North Tower at Flamingo 25 1504 Bay Road Miami Beach FL 33139 Under Construction 366 Miami Beach 06/13/2020 01/31/2022 Point Redevelopment 26 Center at Miami Gardens 19279 NW 27th Avenue Miami Gardens FL 33056 Under Construction 259 Miami Gardens 04/01/2020 01/31/2022 27 Luma at Miami Worldcenter 150 NE 7th Street Miami FL 33132 Under Construction 434 Miami - Downtown 09/01/2019 12/31/2021 28 Society Biscayne 400 Biscayne Blvd Miami FL 33132 Under Construction 646 Miami - Downtown 11/01/2019 12/31/2021 29 The Boulevard 5700 Biscayne Blvd Miami FL 33137 Under Construction 283 Miami - Upper East Side 03/01/2020 12/31/2021 30 The Park on Fifth 500 Alton Road Miami Beach FL 33139 Under Construction 330 Miami Beach 02/01/2020 12/31/2021 31 Vox Miami 5949 South Miami FL 33143 Under Construction 361 South Miami 03/31/2020 12/31/2021 32 SW 136th Street & SW 153rd Avenue SW 136th Street & SW 153rd Avenue Miami FL 33196 Under Construction 264 Three Lakes 05/20/2020 12/31/2021

33 Pine Groves 24101 South Dixie Hwy Homestead FL 33032 Under Construction 204 Homestead 11/01/2019 12/31/2021 34 Gallery River Parc 1355 NW 7th Street Miami FL 33125 Under Construction 150 Miami - Little Havana 03/31/2020 09/30/2021 Source: Yardi Matrix Yardi Source: Miami New Construction & Proposed Multifamily Projects

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

35 Altis Little Havana 2100 SW 8th Street Miami FL 33135 Under Construction 224 Miami - Little Havana 01/13/2020 08/31/2021 36 The Standard 1500 Venera Avenue Coral Gables FL 33146 Under Construction 147 Coral Gables 01/01/2020 08/31/2021 37 Wynwood Square 2201 North Miami FL 33127 Under Construction 257 Miami - Wynwood 11/01/2019 07/31/2021 38 The Landmark South Phase II 6055 NW 105th Court Doral FL 33178 Under Construction 213 Doral 02/02/2020 07/31/2021 39 Vesada 10540 NW 78th Street Doral FL 33178 Under Construction 369 Doral 11/01/2019 07/31/2021 40 The Park 28610 SW 152nd Avenue Homestead FL 33033 Under Construction 92 Homestead 02/20/2020 06/30/2021 41 Soleste Grand Central 218 NW 8th Street Miami FL 33136 Under Construction 360 Miami - 11/30/2019 04/30/2021 42 Grand Station Tower 40 NW 3rd Street Miami FL 33128 Under Construction 300 Miami - Downtown 12/01/2019 03/31/2021 43 No. 17 Residences 1569 NW 17th Avenue Miami FL 33125 Under Construction 192 Miami - Allapattah 10/22/2019 03/31/2021 44 Biscayne 112 11200 Biscayne Blvd North Miami FL 33181 Under Construction 402 North Miami 07/22/2019 02/28/2021 45 Modera Biscayne Bay 2150 North Bayshore Drive Miami FL 33137 Under Construction 296 Miami - Edgewater 08/31/2019 01/31/2021 46 640 West 18th Street 640 West 18th Street Hialeah FL 33010 Under Construction 91 Hialeah 07/31/2019 12/31/2020 47 Parc Vista at Amelia 7755 West 4th Avenue Hialeah FL 33014 Under Construction 106 Hialeah 09/30/2019 12/31/2020 48 Reflections 1000 NW 7th Street Miami FL 33136 Under Construction 138 Miami - Little Havana 04/30/2019 11/30/2020 49 Bella Isla 31 Venetian Way Miami Beach FL 33139 Under Construction 172 Miami - Edgewater 08/01/2018 11/30/2020 50 Monte Cassini 3900 NW 7th Street Miami FL 33126 Under Construction 120 Miami - Flagami 01/31/2019 11/30/2020 51 The Corridor South 760 NE 85th Street Miami FL 33138 Under Construction 62 Miami - Upper East Side 04/01/2019 11/30/2020 52 Gables Station 251 South Dixie Hwy Coral Gables FL 33146 Under Construction 504 Coral Gables 09/01/2018 11/30/2020 53 Prestige Waterfront Redevelopment 13150 Memorial Hwy Miami FL 33161 Under Construction 52 North Miami 12/31/2018 11/30/2020 54 Grand at Doral 10950 NW 82nd Street Doral FL 33178 Under Construction 80 Doral 08/31/2019 11/30/2020 55 Springs Town Center 1 Curtiss Pkwy Miami Springs FL 33166 Under Construction 51 Airport 04/07/2020 Total Under Construction 10,291

TOTAL MIAMI 17,400 Source: Yardi Matrix Yardi Source:

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