Northern New Construction & Proposed Multifamily Projects 3Q18

ID PROPERTY UNITS 100 Crowne Plaza Hotel Redevelopment 293 101 Potomac Yard Landbay D 342 1 Abberly Avera 336 102 South Henry Street & King Street 52 2 Altaire, The 451 103 Arden, The 126 3 Dominion Arms Redevelopment 188 104 Huntington Crossing 364 180 4 Exo 457 105 Picket Place 2,400 177 5 Kingston at McLean Crossing 350 106 2000 North Beauregard 300 6 Arcadia Run Phase III 72 107 Beauregard Town Center 573 168 7 Modera Mosaic Phase II 222 108 2636 Wilson Blvd 135 8 Silver Collection at Celebrate 278 109 1400 Key Blvd 274 70 Total Lease-Up 2,354 110 Clarendon West 247 22 68 113 9 730 - 750 North Glebe 483 111 Clarendon West Phase II 337 47 10 Centro Arlington 366 169 170 112 Kirkwood Road 254 67 174 46 109 114 11 Gables Pointe 14 368 113 Rosslyn Building - East Redevelopment 407 66 193 25 12 Sur, The 360 114 Rosslyn Plaza 300 172 111 45 13 Scout on the Circle 400 69 165 164163 112 115 115 Rosslyn Plaza Phase II 250 175 110 108 44 14 Cameron Park 302 116 1500 Westbranch 400 176 131 52 78 11 15 Trinity Centre 355 173 161 167 83 162 120 53 117 6862 Elm Street 240 152 61 116 117 187 92 16 Allure at Jefferson, The 338 118 Arbor Row Block A1 268 60 189 188 141 130 9 27 21 17 Pentagon Center Building A 440 64 166 4 156 80 126 124 119 Arbor Row Block A2 426 148 151 19 77 91 90 18 Cityside Huntington Metro Phase II 145 120 Avalon at Tyson West 350 71 192 63 160 62 135 51 19 Boro, The 835 149150 48 118 119 3 93 17 121 Boro Phase II, The 1,550 65 154 23 125 32 2 30 20 Gateway at King, The 352 122 Highland District Buildings C-F 1,210 82 158 155 79 5 29 21 Liberty Center 244 171 122 50 10 31 123 J. R.'s Stockyards Redevelopment 264 153 159 133 121 127 95 86 22 Heights at Goose Creek Village, The 230 124 Scotts Run North 464 157 123 49 128 84 87 23 Lumen at Tysons 398 125 Redevelopment 100 136 129 54 24 Gables Old Town North 232 88 89 85 28 126 View at Tysons, The 786 7 134 20 12 25 Cherry Hill 93 127 Vita Phase II 282 59 140 132 94 185 26 Messenger Place 94 128 Vita Phase III 267 137 13 57 56 97 76 27 406 129 Westpark Plaza 1,310 81 138 106 Total Under Construction 6,411 139 107 96 130 Merrill House Redevelopment 50 15 55 101 28 Century Center at Crystal City 302 131 Washington & Broad 304 142 98 29 Crystal House Phase II 295 132 Exxon Mobil Site Redevelopment 100 33 30 Metropolitan Park Phase 6 577 133 International Place 385 179 43 99 24 31 Pentagon Center Building C 253 37 100

134 Merrifield at Dunn Loring Station Phase II 2,331 105 14

32 2400 Columbia Pike 105 135 Perseus at Spring Hill Metro 341 178 58 38 102 33 North Royal Street 90 t 42 34 136 Wolf Trap Hotel Redevelopment 160 35 34 200 Stovall St. 520 137 Breezeway 74 6 103 36 35 Carlyle Plaza Two 368 138 Capstone Collegiate 268 186 40 36 Eisenhower Block 20 404 139 Layton Hall Redevelopment 360 1 26 104 37 Hoffman Town Center 400 140 Paul VI High School Redevelopment 242 18 38 Hoffman Town Center Block 5 260 141 City Center South Phase I & II 412 41 39 Kings Crossing 340 142 Markham Place 310 39 40 Riverside Phase II 767 143 2,500 143 190 41 South Alex 400 144 Potomac Town Center 500 42 Eisenhower West 414 145 Rippon Center 550 43 Residences at Landmark 386 146 Rippon Center Phase II 230 44 Ellis Arms, The 64 147 Potomac Shores 200 45 1555 Wilson Blvd East 561 148 Frying Pan Road & State Route 28 100 46 1555 Wilson Blvd West 331 149 Aurora Station at Dulles 1,031 47 Rosslyn Gateway 273 150 Dulles Station 500 48 Greensboro Park Place 480 151 Liberty Park 1,701 144 49 Highland District Building A 410 152 Makers Rise at Dulles Station 866 50 Highland District Building B 210 153 Reston Crescent 380 145 51 Taylor Plaza at Scotts Run Station South 349 154 Reston II 145 52 11th & Vermont 59 155 11111 Sunset Hills Road 175 146 53 4000 Fairfax Drive 330 156 1831 Wiehle Avenue 504 54 Founder's Row 322 157 Campus Commons Drive 100 147 55 Davies Property 258 158 Commerce Executive Park 200 56 Fairfax Plaza Shopping Center 626 159 Commerce Executive Park Phase II 300 191 57 Four Seasons at Mosaic 127 160 RTC West Phase II 700 58 Orchard Bridge Phase II 404 161 Elden Street Plaza 281 59 Preserve at Westfields 312 162 Isaac Newton Square Redevelopment 2,100 60 Innovation Center South 600 163 Lake Anne Plaza Phase II 50 61 1808 Michael Faraday 261 164 Lake Anne Plaza Phase III 440 62 1831 Michael Faraday 243 165 Lake Anne Redevelopment 240 63 Valley & Park 54 166 Reston Crossing 1,190 64 RTC West 702 167 Spectrum at Redevelopment 1,422 65 Avonlea 725 168 Ashburn Chase 201 66 BLVD Loudoun Station Phase II, The 319 169 BLVD Loudoun Station Phase III, The 123 67 Gramercy District Phase 1A 350 170 Cascades Pkwy & Potomac View Road 50 68 Kincora Village 1,400 171 Fox Gate 110 69 Loudoun Metro 4,128 172 Gramercy District Phase 1B 332 70 One Loudoun 446 173 Hub, The 1,265 181 71 Stone Springs 128 174 Loudoun Center 774 72 Alexander's Crossing 888 175 Loudoun Parkway Center South 560 73 Jackson Village 695 176 Waterside 2,595 74 Keswick Gardens 240 177 Goose Creek Club 125 75 Southpoint Landing 550 178 Grove at Gainesville, The 560 76 North Potomac Yard 732 179 John Marshall Commons 205 77 Anderson Park Phase II 2,174 180 , The 168 8 78 Ballston Station - Ballston 119 181 George Washington Village 1,050 Central United Methodist Church 182 Allure at Jefferson Phase II, The 112 79 Sunburst at Spring Hill Metro 501 183 Crossroads Station 610 80 Tysons West 389 184 Telegraph Hill 350 81 Novus Fairfax Gateway 403 185 Arlandria Center 478 82 Lincoln at Commerce Park 260 186 Huntington Avenue & Blaine Drive 141 184 83 Promenade at Reston Station, The 540 187 Wakefield Manor Phase II 104 Total Planned 27,844 188 Spring Hill Station 3,500 84 223 23rd Street South 353 189 Tysons West Phase II 400 85 Airport Plaza 200 190 Kingstowne Towne Center 800 86 Crystal 650 191 Townsquare at Dumfries Bond 227 75 87 Crystal House Phase III 252 192 Woodland Park East 678 73 88 National Gateway 342 193 Lake Anne Plaza 450 183 89 National Gateway Phase II 331 Total Prospective 57,303 182 16 90 Metropolitan Park Phase 7 359 74 72 91 Metropolitan Park Phase 8 361 92 Pen Place Residential 300 LEGEND 93 Wellington Phase II, The 401 94 5000 Echols Avenue Phase II 50 Lease-Up 95 Columbia Pike & Greenbrier 80 96 Oakville Triangle 400 Under Construction 97 Park Central 400 Planned 98 Braddock Gateway Phase II 255 99 Braddock Gateway Phase III 288 Prospective 5 mi Source: Yardi Matrix

a Berkshire Hathaway and Jefferies Financial Group company New Construction and Proposed Multifamily Projects

FORECASTED ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMIT DATE COMPLETION DATE START OF RENT-UP 1 Abberly Avera 11601 Hokie Stone Loop Manassas VA 20109 Lease-Up 336 Prince George/South Manassas 01/16/2017 04/30/2019 04/13/2018 2 Altaire, The 400 Army Navy Drive Arlington VA 22202 Lease-Up 451 Pentagon City/Penrose 01/17/2017 01/31/2019 07/19/2018 3 Dominion Arms Redevelopment 333 South Glebe Road Arlington VA 22204 Lease-Up 188 Arlington Heights/Clarendon/Courthouse 01/09/2018 12/31/2018 08/22/2018 4 Exo 1897 Oracle Way Reston VA 20190 Lease-Up 457 Herndon/Reston 03/27/2017 10/31/2018 05/31/2018 5 Kingston at McLean Crossing 7480 Birdwood Avenue McLean VA 22102 Lease-Up 350 Lee Highway Corridor/McClean/Sugarland Run 05/01/2015 10/31/2018 04/12/2018 6 Arcadia Run Phase III 11775 Boltonia Drive Manassas VA 20109 Lease-Up 72 Prince George/South Manassas 08/23/2017 10/31/2018 03/05/2018 7 Modera Mosaic Phase II 2920 District Avenue Fairfax VA 22031 Lease-Up 222 Burke/Falls Church/Jefferson 07/01/2016 10/31/2018 12/01/2017 8 Silver Collection at Celebrate 2530 Celebrate Virginia Pkwy Fredericksburg VA 22406 Lease-Up 278 Falmouth/Spotsylvania 10/19/2016 10/31/2018 07/04/2017 TOTAL LEASE-UP 2,354 9 730 - 750 North Glebe 750 North Glebe Road Arlington VA 22203 Under Construction 483 Ballston/East Falls Church/Seven Corners 07/27/2018 11/30/2020 10 Centro Arlington 948 South George Mason Drive Arlington VA 22204 Under Construction 366 Arlington Heights/Clarendon/Courthouse 07/05/2018 10/31/2020 11 Gables Pointe 14 1307 North Rolfe Street Arlington VA 22209 Under Construction 368 Fort Myers Heights/Radnor 04/23/2018 08/31/2020 12 Sur, The 3400 Potomac Avenue Arlington VA 22202 Under Construction 360 Crystal City 02/13/2018 04/30/2020 13 Scout on the Circle 9500 Fairfax Blvd Fairfax VA 22031 Under Construction 400 Fairfax 03/28/2018 02/29/2020 14 Cameron Park 450 South Pickett Street Alexandria VA 22304 Under Construction 302 Van Dorn 09/28/2018 01/31/2020 15 Trinity Centre Trinity Pkwy & Trinity Place Centreville VA 20120 Under Construction 355 Bull Run/Centreville/Chantilly 05/01/2018 01/31/2020 16 Allure at Jefferson, The SEC Jefferson Davis Hwy & Spotsylvania Pkwy Fredericksburg VA 22407 Under Construction 338 Falmouth/Spotsylvania 05/01/2018 01/31/2020 17 Pentagon Center Building A 12th Street South & South Hayes Street Arlington VA 22202 Under Construction 440 Pentagon City/Penrose 07/22/2017 12/31/2019 18 Cityside Huntington Metro Phase II 6034 Richmond Hwy Alexandria VA 22303 Under Construction 145 Huntington/Beacon Hill 04/01/2018 12/31/2019 19 Boro, The Greensboro Drive & Westpark Drive Tysons VA 22102 Under Construction 835 Lee Highway Corridor/McClean/Sugarland Run 06/13/2017 12/31/2019 20 Gateway at King, The 4600 King Street Alexandria VA 22302 Under Construction 352 Fairlington/Seminary Hill/West Potomac 11/01/2017 11/30/2019 21 Liberty Center 4040 Wilson Blvd Arlington VA 22203 Under Construction 244 Ballston/East Falls Church/Seven Corners 10/01/2016 05/31/2019 22 Heights at Goose Creek Village, The Belmont Ridge Road & Sycolin Road Ashburn VA 20147 Under Construction 230 Ashburn/Dulles/Sterling 02/21/2018 05/31/2019 23 Lumen at Tysons 8334 Leesburg Pike Vienna VA 22182 Under Construction 398 Lee Highway Corridor/McClean/Sugarland Run 12/13/2016 04/30/2019 24 Gables Old Town North 530 1st Street Alexandria VA 22314 Under Construction 232 Old Town Alexandria/Potomac Yard/Taylor Run 11/13/2017 04/30/2019 25 Cherry Hill 2118 North Monroe Street Arlington VA 22207 Under Construction 93 Colonial Village/North Highlands/Rosslyn 01/22/2018 01/31/2019 26 Messenger Place 9009 Church Street Manassas VA 20110 Under Construction 94 Prince George/South Manassas 09/04/2017 01/31/2019 27 Ballston Quarter 4238 Wilson Blvd Arlington VA 22203 Under Construction 406 Ballston/East Falls Church/Seven Corners 11/30/2017 11/30/2018 TOTALUNDER CONSTRUCTION 6,441 28 Century Center at Crystal City 2351 Jefferson Davis Hwy Arlington VA 22202 Planned 302 Crystal City 29 Crystal House Phase II 2000 South Eads Street Arlington VA 22202 Planned 295 Crystal City 30 Metropolitan Park Phase 6 1400 South Eads Street Arlington VA 22202 Planned 577 Pentagon City/Penrose 31 Pentagon Center Building C 15th Street South & South Hayes Street Arlington VA 22202 Planned 253 Pentagon City/Penrose 32 2400 Columbia Pike 2400 Columbia Pike Arlington VA 22204 Planned 105 Douglas Park/Nauck 33 North Royal Street 1201 North Royal Street Alexandria VA 22314 Planned 90 Old Town Alexandria/Potomac Yard/Taylor Run 34 200 Stovall St. 200 Stovall Street Alexandria VA 22332 Planned 520 Eisenhower East/Fort Hunt/Franconia 35 Carlyle Plaza Two 760 John Carlyle Street Alexandria VA 22314 Planned 368 Eisenhower East/Fort Hunt/Franconia 36 Eisenhower Block 20 2200 Mill Road Alexandria VA 22314 Planned 404 Eisenhower East/Fort Hunt/Franconia 37 Hoffman Town Center SEC Mill Road & Stovall Street Alexandria VA 22332 Planned 400 Eisenhower East/Fort Hunt/Franconia 38 Hoffman Town Center Block 5 Mandeville Lane & Mill Road Alexandria VA 22332 Planned 260 Eisenhower East/Fort Hunt/Franconia 39 Kings Crossing 6301 Richmond Hwy Alexandria VA 22303 Planned 340 Eisenhower East/Fort Hunt/Franconia 40 Riverside Phase II 5860 Cameron Run Terrace Alexandria VA 22303 Planned 767 Huntington/Beacon Hill 41 South Alex 6228 North Kings Hwy Alexandria VA 22303 Planned 400 Huntington/Beacon Hill 42 Eisenhower West Backlick Run & South Van Dorn Street Alexandria VA 22304 Planned 414 Van Dorn 43 Residences at Landmark 5801 Duke Street Alexandria VA 22304 Planned 386 Landmark/Foxchase 44 Ellis Arms, The 1523 Fairfax Drive Arlington VA 22209 Planned 64 Fort Myers Heights/Radnor 45 1555 Wilson Blvd East 1555 Wilson Blvd Arlington VA 22209 Planned 561 Colonial Village/North Highlands/Rosslyn 46 1555 Wilson Blvd West 1555 Wilson Blvd Arlington VA 22209 Planned 331 Colonial Village/North Highlands/Rosslyn 47 Rosslyn Gateway 1901 Fort Myer Drive Arlington VA 22209 Planned 273 Colonial Village/North Highlands/Rosslyn 48 Greensboro Park Place 8200 Greensboro Drive McLean VA 22102 Planned 480 Lee Highway Corridor/McClean/Sugarland Run 49 Highland District Building A Old Meadow Lane & Old Meadow Road McLean VA 22102 Planned 410 Lee Highway Corridor/McClean/Sugarland Run 50 Highland District Building B Old Meadow Lane & Old Meadow Road McLean VA 22102 Planned 210 Lee Highway Corridor/McClean/Sugarland Run 51 Taylor Plaza at Scotts Run Station South Colshire Drive & Colshire Meadow Drive Tysons Corner VA 22102 Planned 349 Lee Highway Corridor/McClean/Sugarland Run 52 11th & Vermont 1031 North Vermont Street Arlington VA 22201 Planned 59 Ballston/East Falls Church/Seven Corners 53 4000 Fairfax Drive 4000 Fairfax Drive Arlington VA 22203 Planned 330 Ballston/East Falls Church/Seven Corners 54 Founder's Row West Broad Street & North West Street Falls Church VA 22046 Planned 322 Ballston/East Falls Church/Seven Corners 55 Davies Property 4131 Chain Bridge Road Fairfax VA 22030 Planned 258 Burke/Falls Church/Jefferson 56 Fairfax Plaza Shopping Center 2960 Gallows Road Falls Church VA 22042 Planned 626 Burke/Falls Church/Jefferson 57 Four Seasons at Mosaic Eskridge Road & Williams Drive Fairfax VA 22031 Planned 127 Burke/Falls Church/Jefferson 58 Orchard Bridge Phase II 7501 Mangrove Circle Manassas VA 20111 Planned 404 Prince George/South Manassas 59 Preserve at Westfields 4906 Stonecroft Blvd Chantilly VA 20151 Planned 312 Bull Run/Centreville/Chantilly 60 Innovation Center South Sayward Blvd &Sunrise Valley Drive Herndon VA 20171 Planned 600 South Herndon 61 1808 Michael Faraday 1808 Michael Faraday Court Reston VA 20190 Planned 261 North Reston 62 1831 Michael Faraday 1831 Michael Faraday Drive Reston VA 20190 Planned 243 North Reston 63 Valley & Park 11720 Sunrise Valley Drive Reston VA 20191 Planned 54 North Reston 64 RTC West NWC Sunset Hills Road & Town Center Parkway Reston VA 20190 Planned 702 Herndon/Reston 65 Avonlea Pinebrook Road & US Route 50 Chantilly VA 20152 Planned 725 Ashburn/Dulles/Sterling 66 BLVD Loudoun Station Phase II, The Metro Center Drive & Shellhorn Road Ashburn VA 20147 Planned 319 Ashburn/Dulles/Sterling Source: Yardi Matrix UrbanNorthern Chicago Virginia New New Construction Construction and and Proposed Proposed Multifamily Multifamily Projects Projects

FORECASTED ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMIT DATE COMPLETION DATE START OF RENT-UP 67 Gramercy District Phase 1A Gramercy Park Drive & Loudoun Station Drive Ashburn VA 20147 Planned 350 Ashburn/Dulles/Sterling 68 Kincora Village State Route 7 & State Route 28 Broad Run VA 20147 Planned 1,400 Ashburn/Dulles/Sterling 69 Loudoun Metro Loudoun County Pkwy & Shellhorn Road Ashburn VA 20147 Planned 4,128 Ashburn/Dulles/Sterling 70 One Loudoun NWC Loudoun County Pkwy & Russell Branch Pkwy Ashburn VA 20147 Planned 446 Ashburn/Dulles/Sterling 71 Stone Springs Medical Drive & Stone Springs Blvd Sterling VA 20166 Planned 128 Ashburn/Dulles/Sterling 72 Alexander's Crossing Massaponax Church Road & Summit Crossing Road Fredericksburg VA 22408 Planned 888 Falmouth/Spotsylvania 73 Jackson Village SEC Jefferson Davis Hwy & Spotsylvania Pkwy Fredericksburg VA 22407 Planned 695 Falmouth/Spotsylvania 74 Keswick Gardens 7805 Robert E. Lee Drive Spotsylvania Courthouse VA 22551 Planned 240 Falmouth/Spotsylvania 75 Southpoint Landing & Jefferson Davis Pkwy Fredericksburg VA 22407 Planned 550 Falmouth/Spotsylvania 76 North Potomac Yard Jefferson Davis Hwy & East Reed Avenue Alexandria VA 22305 Planned 732 Old Town Alexandria/Potomac Yard/Taylor Run 77 Anderson Park Phase II 1653 Anderson Road McLean VA 22102 Planned 2,174 Lee Highway Corridor/McClean/Sugarland Run 78 Ballston Station - Ballston Central United Methodist Church 4201 North Fairfax Drive Arlington VA 22203 Planned 119 Ballston/East Falls Church/Seven Corners 79 Sunburst at Spring Hill Metro 1587 Spring Hill Road Vienna VA 22182 Planned 501 Merrifield/Tyson's Corner/Vienna 80 Tysons West 8595 Leesburg Pike Vienna VA 22182 Planned 389 Merrifield/Tyson's Corner/Vienna 81 Novus Fairfax Gateway 11101 Fairfax Blvd Fairfax VA 22030 Planned 403 Fairfax 82 Lincoln at Commerce Park Association Drive & Sunrise Valley Drive Reston VA 20191 Planned 260 North Reston 83 Promenade at Reston Station, The 11321 Sunset Hills Road Reston VA 20190 Planned 540 Herndon/Reston TOTAL PLANNED 27,844 84 223 23rd Street South 223 23rd Street South Arlington VA 22202 Prospective 353 Crystal City 85 Airport Plaza 2650 South Clark Street Arlington VA 22202 Prospective 200 Crystal City 86 Crystal 1750 Crystal Drive Arlington VA 22202 Prospective 650 Crystal City 87 Crystal House Phase III 1900 South Eads Street Arlington VA 22202 Prospective 252 Crystal City 88 National Gateway 33rd Street & South Potomac Avenue Arlington VA 22202 Prospective 342 Crystal City 89 National Gateway Phase II 33rd Street & South Potomac Avenue Arlington VA 22202 Prospective 331 Crystal City 90 Metropolitan Park Phase 7 12th Street South & South Fern Street Arlington VA 22202 Prospective 359 Pentagon City/Penrose 91 Metropolitan Park Phase 8 12th Street South & South Fern Street Arlington VA 22202 Prospective 361 Pentagon City/Penrose 92 Pen Place Residential Army Navy Drive & South Fern Street Arlington VA 22202 Prospective 300 Pentagon City/Penrose 93 Wellington Phase II, The 1850 Columbia Pike Arlington VA 22204 Prospective 401 Pentagon City/Penrose 94 5000 Echols Avenue Phase II 5000 Echols Avenue Alexandria VA 22311 Prospective 50 Fairlington/Seminary Hill/West Potomac 95 Columbia Pike & Greenbrier Columbia Pike & South Greenbrier Street Arlington VA 22204 Prospective 80 Fairlington/Seminary Hill/West Potomac 96 Oakville Triangle SWC Calvert Avenue & Jefferson Davis Hwy Alexandria VA 22301 Prospective 400 Fairlington/Seminary Hill/West Potomac 97 Park Central 3101 Park Center Drive Alexandria VA 22302 Prospective 400 Fairlington/Seminary Hill/West Potomac 98 Braddock Gateway Phase II 1100 North Fayette Street Alexandria VA 22314 Prospective 255 Old Town Alexandria/Potomac Yard/Taylor Run 99 Braddock Gateway Phase III North Fayette Street & 1st Street Alexandria VA 22314 Prospective 288 Old Town Alexandria/Potomac Yard/Taylor Run 100 Crowne Plaza Hotel Redevelopment 801 North Fairfax Street Alexandria VA 22314 Prospective 293 Old Town Alexandria/Potomac Yard/Taylor Run 101 Potomac Yard Landbay D South Potomac Avenue Arlington VA 22202 Prospective 342 Old Town Alexandria/Potomac Yard/Taylor Run 102 South Henry Street & King Street South Henry Street & King Street Alexandria VA 22314 Prospective 52 Old Town Alexandria/Potomac Yard/Taylor Run 103 Arden, The 2701 Huntington Avenue Alexandria VA 22033 Prospective 126 Huntington/Beacon Hill 104 Huntington Crossing 5829 North Kings Hwy Alexandria VA 22303 Prospective 364 Huntington/Beacon Hill 105 Picket Place SEC Edsall Road & South Van Dorn Street Alexandria VA 22304 Prospective 2,400 Van Dorn 106 2000 North Beauregard 2000 North Beauregard Street Alexandria VA 22311 Prospective 300 Alexandria West 107 Beauregard Town Center North Beauregard Street & Reading Avenue Alexandria VA 22311 Prospective 573 Alexandria West 108 2636 Wilson Blvd 2636 Wilson Blvd Arlington VA 22201 Prospective 135 Arlington Heights/Clarendon/Courthouse 109 1400 Key Blvd 1400 Key Blvd Arlington VA 22209 Prospective 274 Colonial Village/North Highlands/Rosslyn 110 Clarendon West NEC 13th Street North & Washington Blvd Arlington VA 22201 Prospective 247 Colonial Village/North Highlands/Rosslyn 111 Clarendon West Phase II NEC 13th Street North & North Irving Street Arlington VA 22201 Prospective 337 Colonial Village/North Highlands/Rosslyn 112 Kirkwood Road 3145 Washington Blvd Arlington VA 22201 Prospective 254 Colonial Village/North Highlands/Rosslyn 113 Rosslyn Building - East Redevelopment 1901 North Moore Street Arlington VA 22209 Prospective 407 Colonial Village/North Highlands/Rosslyn 114 Rosslyn Plaza 1777 North Kent Street Arlington VA 22209 Prospective 300 Colonial Village/North Highlands/Rosslyn 115 Rosslyn Plaza Phase II 1001 Wilson Blvd Arlington VA 22209 Prospective 250 Colonial Village/North Highlands/Rosslyn 116 1500 Westbranch 1500 Westbranch Drive McLean VA 22101 Prospective 400 Lee Highway Corridor/McClean/Sugarland Run 117 6862 Elm Street 6862 Elm Street Mclean VA 22101 Prospective 240 Lee Highway Corridor/McClean/Sugarland Run 118 Arbor Row Block A1 SWC Westpark Drive & Westbranch Drive Tysons VA 22102 Prospective 268 Lee Highway Corridor/McClean/Sugarland Run 119 Arbor Row Block A2 SWC Westpark Drive & Westbranch Drive McLean VA 22102 Prospective 426 Lee Highway Corridor/McClean/Sugarland Run 120 Avalon at Tyson West 8520 Tyco Road Vienna VA 22182 Prospective 350 Lee Highway Corridor/McClean/Sugarland Run 120 Avalon at Tyson West 8520 Tyco Road Vienna VA 22182 Prospective 350 Lee Highway Corridor/McClean/Sugarland Run 121 Boro Phase II, The Greensboro Drive & Westpark Drive Tysons VA 22102 Prospective 1,550 Lee Highway Corridor/McClean/Sugarland Run 122 Highland District Buildings C-F Old Meadow Lane & Old Meadow Road McLean VA 22102 Prospective 1,210 Lee Highway Corridor/McClean/Sugarland Run 123 J. R.'s Stockyards Redevelopment 8130 Watson Street McLean VA 22102 Prospective 264 Lee Highway Corridor/McClean/Sugarland Run 124 Scotts Run North 1820 Dolley Madison Blvd McLean VA 22102 Prospective 464 Lee Highway Corridor/McClean/Sugarland Run 125 Tysons Galleria Redevelopment 2001 International Drive McLean VA 22102 Prospective 100 Lee Highway Corridor/McClean/Sugarland Run 126 View at Tysons, The 8590 Leesburg Pike Tysons VA 22102 Prospective 786 Lee Highway Corridor/McClean/Sugarland Run 127 Vita Phase II 7902 Tysons One Place Tysons Corner VA 22102 Prospective 282 Lee Highway Corridor/McClean/Sugarland Run 128 Vita Phase III 7902 Tysons One Place Tysons Corner VA 22102 Prospective 267 Lee Highway Corridor/McClean/Sugarland Run 129 Westpark Plaza 8401 Westpark Drive Mclean VA 22102 Prospective 1,310 Lee Highway Corridor/McClean/Sugarland Run 130 Merrill House Redevelopment 210 East Fairfax Street Falls Church VA 22046 Prospective 50 Ballston/East Falls Church/Seven Corners 131 Washington & Broad 100 North Washington Street Falls Church VA 22046 Prospective 304 Ballston/East Falls Church/Seven Corners

Source: Yardi Matrix UrbanNorthern Chicago Virginia New New Construction Construction and and Proposed Proposed Multifamily Multifamily Projects Projects

FORECASTED ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMIT DATE COMPLETION DATE START OF RENT-UP 132 Exxon Mobil Site Redevelopment Gallows Road & Lee Hwy Merrifield VA 22037 Prospective 100 Merrifield/Tyson's Corner/Vienna 133 International Place 8201 Leesburg Pike Vienna VA 22182 Prospective 385 Merrifield/Tyson's Corner/Vienna 134 Merrifield at Dunn Loring Station Phase II 8130 Prescott Drive Vienna VA 22180 Prospective 2,331 Merrifield/Tyson's Corner/Vienna 135 Perseus at Spring Hill Metro 1577 Spring Hill Road Vienna VA 22182 Prospective 341 Merrifield/Tyson's Corner/Vienna 136 Wolf Trap Hotel Redevelopment Maple Avenue West & Nutley Street SW Vienna VA 22180 Prospective 160 Merrifield/Tyson's Corner/Vienna 137 Breezeway 10829 Fairfax Blvd Fairfax VA 22030 Prospective 74 Fairfax 138 Capstone Collegiate 3807 University Drive Fairfax VA 22030 Prospective 268 Fairfax 139 Layton Hall Redevelopment 10340 Layton Hall Drive Fairfax VA 22030 Prospective 360 Fairfax 140 Paul VI High School Redevelopment 10675 Fairfax Blvd Fairfax VA 22030 Prospective 242 Fairfax 141 City Center South Phase I & II West Annandale Road & South Maple Avenue Falls Church VA 22046 Prospective 412 Burke/Falls Church/Jefferson 142 Markham Place 4245 Markham Street Annandale VA 22003 Prospective 310 Burke/Falls Church/Jefferson 143 Springfield Town Center 6500 Springfield Mall Springfield VA 22150 Prospective 2,500 Annandale/Lincolnia/Springfield 144 Potomac Town Center 2401 Opitz Blvd Woodbridge VA 22191 Prospective 500 Dale City/Lorton/Woodbridge 145 Rippon Center Farm Creek Drive & Rippon Blvd Woodbridge VA 22191 Prospective 550 Dale City/Lorton/Woodbridge 146 Rippon Center Phase II Farm Creek Drive & Rippon Blvd Woodbridge VA 22191 Prospective 230 Dale City/Lorton/Woodbridge 147 Potomac Shores Harbor Station Pkwy & River Heritage Blvd Dumfries VA 22026 Prospective 200 Dumfries/Triangle 148 Frying Pan Road & State Route 28 Frying Pan Road & State Route 28 Herndon VA 20171 Prospective 100 Bull Run/Centreville/Chantilly 149 Aurora Station at Dulles Frying Pan Road & Sunrise Valley Drive Herndon VA 20171 Prospective 1,031 South Herndon 150 Dulles Station Dulles Technology Drive & River Birch Road Herndon VA 20171 Prospective 500 South Herndon 151 Liberty Park Dulles Technology Drive & Sunrise Valley Drive Herndon VA 20171 Prospective 1,701 South Herndon 152 Makers Rise at Dulles Station 2320 Dulles Station Blvd Herndon VA 20171 Prospective 866 South Herndon 153 Reston Crescent Reston Pkwy & Sunrise Valley Drive Reston VA 20191 Prospective 380 South Herndon 154 Reston II 12005 Sunrise Valley Drive Reston VA 20191 Prospective 145 South Herndon 155 11111 Sunset Hills Road 11111 Sunset Hills Road Reston VA 20190 Prospective 175 North Reston 156 1831 Wiehle Avenue 1831 Wiehle Avenue Reston VA 20190 Prospective 504 North Reston 157 Campus Commons Drive 1902 Campus Commons Drive Reston VA 20191 Prospective 100 North Reston 158 Commerce Executive Park NWC Sunrise Valley Drive & Wiehle Avenue Reston VA 20191 Prospective 200 North Reston 159 Commerce Executive Park Phase II NWC Sunrise Valley Drive & Wiehle Avenue Reston VA 20191 Prospective 300 North Reston 160 RTC West Phase II 11790 Sunrise Valley Drive Reston VA 20191 Prospective 700 North Reston 161 Elden Street Plaza NEC Center Street & Elden Street Herndon VA 20170 Prospective 281 Herndon/Reston 162 Isaac Newton Square Redevelopment Sunset Hills Road & Wiehle Avenue Reston VA 20190 Prospective 2,100 Herndon/Reston 163 Lake Anne Plaza Phase II 1513 Cameron Crescent Drive Reston VA 20190 Prospective 50 Herndon/Reston 164 Lake Anne Plaza Phase III 1645 Washington Plaza North Reston VA 20190 Prospective 440 Herndon/Reston 165 Lake Anne Redevelopment 11450 North Shore Drive Reston VA 20190 Prospective 240 Herndon/Reston 166 Reston Crossing Dulles Toll Road & Reston Pkwy Reston VA 20190 Prospective 1,190 Herndon/Reston 167 Spectrum at Reston Town Center Redevelopment Bowman Towne Drive & Reston Pkwy Reston VA 20190 Prospective 1,422 Herndon/Reston 168 Ashburn Chase Ashburn Road & Russel Branch Pkwy Ashburn VA 20147 Prospective 201 Ashburn/Dulles/Sterling 169 BLVD Loudoun Station Phase III, The Loudoun Station Drive & Shellhorn Road Ashburn VA 20147 Prospective 123 Ashburn/Dulles/Sterling 170 Cascades Pkwy & Potomac View Road Cascades Pkwy & Potomac View Road Sterling VA 20164 Prospective 50 Ashburn/Dulles/Sterling 171 Fox Gate John Mosby Hwy & Pleasant Valley Road Dulles VA 20152 Prospective 110 Ashburn/Dulles/Sterling 172 Gramercy District Phase 1B Gramercy Park Drive & Loudoun Station Drive Ashburn VA 20147 Prospective 332 Ashburn/Dulles/Sterling 173 Hub, The Innovation Avenue & Sully Road Dulles VA 20166 Prospective 1,265 Ashburn/Dulles/Sterling 174 Loudoun Center Loudoun County Pkwy & Waxpool Road Ashburn VA 20166 Prospective 774 Ashburn/Dulles/Sterling 175 Loudoun Parkway Center South Dulles Greenway & Loudoun County Pkwy Ashburn VA 20147 Prospective 560 Ashburn/Dulles/Sterling 176 Waterside Old Ox Road & Shaw Road Sterling VA 20166 Prospective 2,595 Ashburn/Dulles/Sterling 177 Goose Creek Club Golf Club Road & Russell Branch Pkwy SE Leesburg VA 20175 Prospective 125 Gainesville/Leesburg 178 Grove at Gainesville, The 14300 John Marshall Hwy Gainesville VA 20155 Prospective 560 Gainesville/Leesburg 179 John Marshall Commons 14510 John Marshall Hwy Gainesville VA 20155 Prospective 205 Gainesville/Leesburg 180 Village at Leesburg, The Balch Drive SE & Russell Branch Pkwy SE Leesburg VA 20175 Prospective 168 Gainesville/Leesburg 181 George Washington Village Courthouse Road & Interstate 95 Stafford VA 22554 Prospective 1,050 Stafford/Warrenton 182 Allure at Jefferson Phase II, The SEC Jefferson Davis Hwy & Spotsylvania Pkwy Fredericksburg VA 22408 Prospective 112 Falmouth/Spotsylvania 183 Crossroads Station Benchmark Road & Mills Drive Fredericksburg VA 22408 Prospective 610 Falmouth/Spotsylvania 184 Telegraph Hill Lafayette Blvd & Lee Drive Fredericksburg VA 22401 Prospective 350 Fredericksburg 185 Arlandria Center 3809 Mount Vernon Avenue Alexandria VA 22305 Prospective 478 Fairlington/Seminary Hill/West Potomac 186 Huntington Avenue & Blaine Drive Blaine Drive & Huntington Avenue Huntington VA 22303 Prospective 141 Huntington/Beacon Hill 187 Wakefield Manor Phase II North 13th Street & Courthouse Road Arlington VA 22201 Prospective 104 Arlington Heights/Clarendon/Courthouse 188 Spring Hill Station 1556 Spring Hill Road McLean VA 22102 Prospective 3,500 Lee Highway Corridor/McClean/Sugarland Run 189 Tysons West Phase II 8595 Leesburg Pike McLean VA 22182 Prospective 400 Merrifield/Tyson's Corner/Vienna 190 Kingstowne Towne Center 5931 Kingstowne Village Pkwy Alexandria VA 22315 Prospective 800 Annandale/Lincolnia/Springfield 191 Townsquare at Dumfries Bond 3955 Graham Park Road Triangle VA 22172 Prospective 227 Dumfries/Triangle 192 Woodland Park East Dulles Toll Road & Monroe Street Herndon VA 20171 Prospective 678 South Herndon 193 Lake Anne Plaza 11401 North Shore Drive Reston VA 20190 Prospective 450 Herndon/Reston TOTAL PROSPECTIVE 57,303

TOTAL NORTHERN VIRGINIA 93,942

© 2018 Berkadia Real Estate Advisors LLC. Berkadia® is a trademark of Berkadia Proprietary Holding LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker License #01931050; Vincent B. Norris, CA BRE Lic. # 843890. Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701; and Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details visit: http://www.berkadia.com/legal/licensing.aspx Source: Yardi Matrix