Northern New Construction & Proposed Multifamily Projects 1Q18

ID PROPERTY UNITS 101 Metropolitan Park Phase 8 361 102 Pen Place Residential 300 1 Rivergate 402 103 Wellington Phase II, The 401 2 Thornton, The 439 104 5000 Echols Avenue Phase II 50 3 Arcadia Run Phase III 72 105 Columbia Pike & Greenbrier 80 78 4 672 Flats 173 106 Oakville Triangle 400 5 Signature, The 508 107 Braddock Gateway Phase II 255 6 VY at Reston Heights 385 108 Braddock Gateway Phase III 288 17879 7 Silver Collection at Celebrate 278 109 Crowne Plaza Hotel Redevelopment 293 8 Modera Mosaic Phase II 222 110 200 Stovall St. 100 9 Dalton, The 270 111 Hoffman Town Center 400 10 Hanover House 53 112 Hoffman Town Center Block 5 260 72 76 125 11 Station on Silver 400 113 Arden Building A 79 74 127 12 Rixey, The 267 114 Huntington Crossing 364 90 132 188 126 13 Abberly Waterstone 288 115 Picket Place 2400 169 73 50 130 14 Overture Fair Ridge 200 75 128 116 2000 North Beauregard 300 171 173 190142 20 52 29 15 Rosslyn Plaza Phase II 250 117 Beauregard Town Center 573 168 167 131 54 187 Total Lease-Up 4,207 118 2636 Wilson Blvd 135 175 51 129 16 Sur, The 360 93 189 135 119 1400 Key Blvd 274 174 163 194 165164 13313453 17 Altaire, The 453 120 Clarendon Silver Diner 200 172 5 69 140 18 730 - 750 North Glebe 483 121 Clarendon West 247 158 65 19 Boro, The 835 70 166 26 122 Clarendon West Phase II 337 64 11154156 193 161 66 157 20 Gateway at King, The 352 123 Kirkwood Road 220 162 68 21 Excelsior Parc 457 124 Rosslyn Building - East Redevelopment 407 77 153 6 159 22 Cherry Hill 93 71 92 67 160 48 124 125 6862 Elm Street 240 19 47 23 Gables Old Town North 232 126 Arbor Row Block A2 426 155 118 46 49 24 Pentagon Center Building A 440 119 127 Avalon at Tyson West 350 170 56 55 122 186 25 Kingston at McLean Crossing 350 128 Boro Phase II, The 1550 143 89 45 15 26 Ballston Quarter 406 129 Highland District Buildings C-F 1210 136 123121 88 27 Liberty Center 244 141 138 12 22 130 Scotts Run North 464 62 14 145 28 Messenger Place 94 131 Redevelopment 100 144 58 21 4 23 120 29 Abberly Averra 336 132 View at Tysons, The 786 139 137 Total Under Construction 5,135 91 133 Vita Phase II 282 63 57 8 60 30 Century Center at Crystal City 302 134 Vita Phase III 267 59 31 Crystal House Phase II 295 107 146 135 Westpark Plaza 1310 9 28 102 17 32 Metropolitan Park Phase 6 577 136 11th & Vermont 59 111 108 103 33 Pentagon Center Building C 253 43 112 109 34 18 96 137 Merrill House Redevelopment 50 177 110 36 44 100 32 34 2400 Columbia Pike 105 138 Washington & Broad 304 61 87 33 35 Potomac Yard Landbay D 342 176 115 37 40 2 101 94 139 Exxon Mobil Site Redevelopment 100 3 86 36 Carlyle Plaza Two 368 140 International Place 385 42 113 39 105 84 31 30 37 Eisenhower Block 20 404 141 Merrifield at Dunn Loring Station Phase II 2331 24 11441 97 38 Kings Crossing 340 142 Perseus at Spring Hill Metro 341 38 185 39 Cityside Huntington Metro Phase II 145 25 98 143 Wolf Trap Hotel Redevelopment 160 148 191 27 95 40 Riverside Phase II 767 144 Paul VI High School Redevelopment 242 104 99 41 South Alex 441 145 City Center South Phase I & II 412 42 Eisenhower West 414 146 Four Seasons at Mosaic 127 116 16 43 Residences at Landmark 386 147 Markham Place 310 147 117 85 44 Columbia Pike Village Center 365 148 2500 45 Ellis Arms, The 64 149 Potomac Town Center 500 106 35 46 1555 Wilson Blvd East 561 150 Rippon Center 550 47 1555 Wilson Blvd West 331 151 Rippon Center Phase II 230 1 48 Rosslyn Gateway 273 152 Potomac Shores 200 49 Rosslyn Plaza 300 153 Dulles Station 500 50 Arbor Row Block A1 268 154 Liberty Park 1701 51 Greensboro Park Place 480 155 Reston II 145 52 Highland District Building A 410 156 Wood Oak 200 149 150 53 Highland District Building B 210 157 11111 Sunset Hills Road 175 54 Taylor Plaza at Scotts Run Station South 349 158 1831 Wiehle Avenue 504 151 55 4000 Fairfax Drive 330 159 Campus Commons Drive 100 56 Founders Row 322 160 Commerce Executive Park Phase II 300 57 Oak Knolls Redevelopment 50 161 RTC West Phase II 700 58 Scout on the Circle 400 162 Valley & Park 54 152 59 Davies Property 258 163 Elden Street Plaza 281 192 60 Fairfax Plaza Shopping Center 626 164 Lake Anne Plaza Phase II 50 61 Orchard Bridge Phase II 404 165 Lake Anne Plaza Phase III 440 62 Preserve at Westfields 312 166 Reston Crossing 1190 63 Trinity Centre 355 167 Spectrum at Redevelopment 1422 64 Innovation Center South 600 168 BLVD Loudoun Station Phase II, The 319 65 1808 Michael Faraday 261 169 BLVD Loudoun Station Phase III, The 123 66 1831 Michael Faraday 243 170 Fox Gate 110 67 Centennial Park 500 171 Gramercy District Phase 1B 332 68 Commerce Executive Park 200 172 Hub, The 1265 69 Promenade at Reston Station, The 500 173 Loudoun Center 774 70 RTC West 702 174 Loudoun Parkway Center South 560 71 Avonlea 725 175 Waterside 2595 72 Goose Creek 230 176 Grove at Gainesville, The 560 73 Gramercy District Phase 1A 350 177 John Marshall Commons 205 179 74 Kincora Village 1400 178 , The 168 13 75 Loudoun Metro 4128 179 George Washington Village 1050 76 One Loudoun 446 180 Allure at Jefferson Phase II, The 112 77 Stone Springs 128 181 Crossroads Station 610 78 Crescent Place 224 182 Jackson Village 695 79 Goose Creek Club 125 183 Keswick Gardens 240 80 Alexander's Crossing 888 184 Ni Village at Jackson Gateway 950 81 Allure at Jefferson, The 338 185 Arlandria Center 478 82 Southpoint Landing 550 186 Wakefield Manor Phase II 104 7 83 Fredericksburg Park 350 187 Anderson Park Phase II 2174 84 Berkeley Redevelopment, The 257 188 Spring Hill Station 3500 85 North Potomac Yard 732 189 Sunburst at Spring Hill Metro 501 86 Huntington Avenue & Blaine Drive 141 190 Tysons West Phase II 400 87 Delaney, The 189 191 Kingstowne Towne Center 800 83 88 Gables Pointe 14 368 192 Townsquare at Dumfries Bond 227 89 Ballston Station - Ballston Central United Methodist Church 119 193 Woodland Park East 678 90 Tysons West 389 194 Lake Anne Plaza 450 91 Novus Fairfax Gateway 403 Total Prospective 54,739 92 Lincoln at Commerce Park 260 93 Fairway Redevelopment 804 82 Total Planned 28,357 LEGEND 181 94 223 23rd Street South 353 81 95 Airport Plaza 200 Lease-Up 183 10 80 96 Crystal 650 97 Crystal House Phase III 252 Under Construction 182 98 National Gateway 342 Planned 180 99 National Gateway Phase II 331 100 Metropolitan Park Phase 7 359 Prospective 184 5 mi Source: Yardi Matrix

a Berkshire Hathaway and Leucadia National company New Construction and Proposed Multifamily Projects

FORECASTED ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMIT DATE START OF COMPLETION DATE RENT-UP 1 Rivergate 13175 Marina Way Woodbridge VA 22191 Lease Up 402 Dale City/Lorton/Woodbridge 01/10/2017 05/31/2019 10/18/2017 2 Thornton, The 1199 South Washington Street Alexandria VA 22314 Lease Up 439 Eisenhower East/Fort Hunt/Franconia 04/30/2016 08/31/2018 01/02/2018 3 Arcadia Run Phase III 8401 Rosebay Lane Manassas VA 20109 Lease Up 72 Prince George/South Manassas 08/23/2017 06/30/2018 03/05/2018 4 672 Flats 672 North Glebe Road Arlington VA 22203 Lease Up 173 Ballston/East Falls Church/Seven Corners 12/01/2016 06/30/2018 03/05/2018 5 Signature, The 11850 Freedom Drive Reston VA 20190 Lease Up 508 Herndon/Reston 04/05/2016 06/30/2018 10/06/2017 6 VY at Reston Heights 11830 Sunrise Valley Drive Reston VA 20191 Lease Up 385 North Reston 01/18/2016 05/31/2018 02/02/2018 7 Silver Collection at Celebrate 8 Silver Collection Pkwy Fredericksburg VA 22406 Lease Up 278 Falmouth/Spotsylvania 10/19/2016 05/31/2018 07/04/2017 8 Modera Mosaic Phase II 2920 District Avenue Fairfax VA 22031 Lease Up 222 Burke/Falls Church/Jefferson 07/01/2016 04/30/2018 12/01/2017 9 Dalton, The 1225 1st Street Alexandria VA 22314 Lease Up 270 Old Town Alexandria/Potomac Yard/Taylor Run 01/01/2016 04/30/2018 11/16/2017 10 Hanover House 9100 Old Battlefield Blvd Spotsylvania Courthouse VA 22553 Lease Up 53 Falmouth/Spotsylvania 08/22/2016 04/30/2018 11/01/2017 11 Station on Silver 2340 Carta Way Herndon VA 20171 Lease Up 400 South Herndon 07/18/2016 04/30/2018 08/31/2017 12 Rixey, The 1008 North Glebe Road Arlington VA 22201 Lease Up 267 Ballston/East Falls Church/Seven Corners 07/14/2016 04/30/2018 08/16/2017 13 Abberly Waterstone 140 Abberly Drive Stafford VA 22554 Lease Up 288 Stafford/Warrenton 01/01/2016 04/30/2018 05/01/2017 14 Overture Fair Ridge 3955 Fair Ridge Drive Fairfax VA 22033 Lease Up 200 Bull Run/Centreville/Chantilly 12/04/2015 04/30/2018 04/01/2017 15 Rosslyn Plaza Phase II 1001 Wilson Blvd Arlington VA 22209 Lease Up 250 Colonial Village/North Highlands/Rosslyn 02/08/2014 TOTAL LEASE-UP 4,207 16 Sur, The 3400 Potomac Avenue Arlington VA 22202 Under Construction 360 Crystal City 02/13/2018 04/30/2020 17 Altaire, The 400 Army Navy Drive Arlington VA 22202 Under Construction 453 Pentagon City/Penrose 01/17/2017 09/30/2018 18 730 - 750 North Glebe 750 North Glebe Road Arlington VA 22203 Under Construction 483 Ballston/East Falls Church/Seven Corners 01/20/2018 01/31/2020 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 Excelsior Parc 1897 Oracle Way Reston VA 20190 Under Construction 457 Herndon/Reston 03/27/2017 02/28/2019 22 Cherry Hill 2118 North Monroe Street Arlington VA 22207 Under Construction 93 Colonial Village/North Highlands/Rosslyn 01/22/2018 01/31/2019 23 Gables Old Town North 530 1st Street Alexandria VA 22314 Under Construction 232 Old Town Alexandria/Potomac Yard/Taylor Run 11/13/2017 01/31/2019 24 Pentagon Center Building A 12th Street South & South Hayes Street Arlington VA 22202 Under Construction 440 Pentagon City/Penrose 03/14/2016 12/31/2018 25 Kingston at McLean Crossing 7480 Birdwood Avenue McLean VA 22102 Under Construction 350 Lee Highway Corridor/McClean/Sugarland Run 05/01/2015 12/31/2018 26 Ballston Quarter 4238 Wilson Blvd Arlington VA 22203 Under Construction 406 Ballston/East Falls Church/Seven Corners 11/30/2017 10/31/2018 27 Liberty Center 4040 Wilson Blvd Arlington VA 22203 Under Construction 244 Ballston/East Falls Church/Seven Corners 10/01/2016 10/31/2018 28 Messenger Place 9009 Church Street Manassas VA 20110 Under Construction 94 Prince George/South Manassas 09/04/2017 09/30/2018 29 Abberly Averra 11601 Hokie Stone Loop Manassas VA 20109 Under Construction 336 Prince George/South Manassas 01/16/2017 06/30/2018 TOTALUNDER CONSTRUCTION 5,135 30 Century Center at Crystal City 2351 Jefferson Davis Hwy Arlington VA 22202 Planned 302 Crystal City 31 Crystal House Phase II 2000 South Eads Street Arlington VA 22202 Planned 295 Crystal City 32 Metropolitan Park Phase 6 1400 South Eads Street Arlington VA 22202 Planned 577 Pentagon City/Penrose 33 Pentagon Center Building C 15th Street South & South Hayes Street Arlington VA 22202 Planned 253 Pentagon City/Penrose 34 2400 Columbia Pike 2400 Columbia Pike Arlington VA 22204 Planned 105 Douglas Park/Nauck 35 Potomac Yard Landbay D South Potomac Avenue Arlington VA 22202 Planned 342 Old Town Alexandria/Potomac Yard/Taylor Run 36 Carlyle Plaza Two 760 John Carlyle Street Alexandria VA 22314 Planned 368 Eisenhower East/Fort Hunt/Franconia 37 Eisenhower Block 20 2200 Mill Road Alexandria VA 22314 Planned 404 Eisenhower East/Fort Hunt/Franconia 38 Kings Crossing 6301 Richmond Hwy Alexandria VA 22303 Planned 340 Eisenhower East/Fort Hunt/Franconia 39 Cityside Huntington Metro Phase II 6034 Richmond Hwy Alexandria VA 22303 Planned 145 Huntington/Beacon Hill 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 441 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 Columbia Pike Village Center 948 South George Mason Drive Arlington VA 22204 Planned 365 Arlington Heights/Clarendon/Courthouse 45 Ellis Arms, The 1523 Fairfax Drive Arlington VA 22209 Planned 64 Fort Myers Heights/Radnor 46 1555 Wilson Blvd East 1555 Wilson Blvd Arlington VA 22209 Planned 561 Colonial Village/North Highlands/Rosslyn 47 1555 Wilson Blvd West 1555 Wilson Blvd Arlington VA 22209 Planned 331 Colonial Village/North Highlands/Rosslyn 48 Rosslyn Gateway 1901 Fort Myer Drive Arlington VA 22209 Planned 273 Colonial Village/North Highlands/Rosslyn 49 Rosslyn Plaza 1777 North Kent Street Arlington VA 22209 Planned 300 Colonial Village/North Highlands/Rosslyn 50 Arbor Row Block A1 SWC Westpark Drive & Westbranch Drive McLean VA 22102 Planned 268 Lee Highway Corridor/McClean/Sugarland Run 51 Greensboro Park Place 8200 Greensboro Drive McLean VA 22102 Planned 480 Lee Highway Corridor/McClean/Sugarland Run 52 Highland District Building A Old Meadow Lane & Old Meadow Road McLean VA 22102 Planned 410 Lee Highway Corridor/McClean/Sugarland Run 53 Highland District Building B Old Meadow Lane & Old Meadow Road McLean VA 22102 Planned 210 Lee Highway Corridor/McClean/Sugarland Run 54 Taylor Plaza at Scotts Run Station South Colshire Drive & Colshire Meadow Drive Tysons Corner VA 22102 Planned 349 Lee Highway Corridor/McClean/Sugarland Run 55 4000 Fairfax Drive 4000 Fairfax Drive Arlington VA 22203 Planned 330 Ballston/East Falls Church/Seven Corners 56 Founders Row West Broad Street & North West Street Falls Church VA 22046 Planned 322 Ballston/East Falls Church/Seven Corners 57 Oak Knolls Redevelopment 3979 Oak Street Fairfax VA 22030 Planned 50 Fairfax 58 Scout on the Circle 9500 Fairfax Blvd Fairfax VA 22031 Planned 400 Fairfax 59 Davies Property 4131 Chain Bridge Road Fairfax VA 22030 Planned 258 Burke/Falls Church/Jefferson 60 Fairfax Plaza Shopping Center 2960 Gallows Road Falls Church VA 22042 Planned 626 Burke/Falls Church/Jefferson 61 Orchard Bridge Phase II 7101 Royal Fern Circle Manassas VA 20111 Planned 404 Prince George/South Manassas 62 Preserve at Westfields 4906 Stonecroft Blvd Chantilly VA 20151 Planned 312 Bull Run/Centreville/Chantilly 63 Trinity Centre Trinity Pkwy & Trinity Place Centreville VA 20120 Planned 355 Bull Run/Centreville/Chantilly 64 Innovation Center South Sayward Blvd &Sunrise Valley Drive Herndon VA 20171 Planned 600 South Herndon 65 1808 Michael Faraday 1808 Michael Faraday Court Reston VA 20190 Planned 261 North Reston 66 1831 Michael Faraday 1831 Michael Faraday Drive Reston VA 20190 Planned 243 North Reston 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 START OF COMPLETION DATE RENT-UP 67 Centennial Park 1850 Centennial Park Drive Reston VA 20191 Planned 500 North Reston 68 Commerce Executive Park NWC Sunrise Valley Drive & Wiehle Avenue Reston VA 20191 Planned 200 North Reston 69 Promenade at Reston Station, The 11321 Sunset Hills Road Reston VA 20190 Planned 500 Herndon/Reston 70 RTC West NWC Sunset Hills Road & Town Center Parkway Reston VA 20190 Planned 702 Herndon/Reston 71 Avonlea Pinebrook Road & US Route 50 Chantilly VA 20152 Planned 725 Ashburn/Dulles/Sterling 72 Goose Creek Belmont Ridge Road & Sycolin Road Ashburn VA 20147 Planned 230 Ashburn/Dulles/Sterling 73 Gramercy District Phase 1A Gramercy Park Drive & Loudoun Station Drive Ashburn VA 20147 Planned 350 Ashburn/Dulles/Sterling 74 Kincora Village State Route 7 & State Route 28 Broad Run VA 20147 Planned 1400 Ashburn/Dulles/Sterling 75 Loudoun Metro Loudoun County Pkwy & Shellhorn Road Ashburn VA 20147 Planned 4128 Ashburn/Dulles/Sterling 76 One Loudoun NWC Loudoun County Pkwy & Russell Branch Pkwy Ashburn VA 20147 Planned 446 Ashburn/Dulles/Sterling 77 Stone Springs Medical Drive & Stone Springs Blvd Sterling VA 20166 Planned 128 Ashburn/Dulles/Sterling 78 Crescent Place 235 Crescent Station Terrace SE Leesburg VA 20175 Planned 224 Gainesville/Leesburg 79 Goose Creek Club Golf Club Road & Russell Branch Pkwy SE Leesburg VA 20175 Planned 125 Gainesville/Leesburg 80 Alexander's Crossing Massaponax Church Road & Summit Crossing Road Fredericksburg VA 22408 Planned 888 Falmouth/Spotsylvania 81 Allure at Jefferson, The SEC Jefferson Davis Hwy & Spotsylvania Pkwy Fredericksburg VA 22401 Planned 338 Falmouth/Spotsylvania 82 Southpoint Landing Interstate 95 & Jefferson Davis Pkwy Fredericksburg VA 22407 Planned 550 Falmouth/Spotsylvania 83 Fredericksburg Park Lafayette Blvd & Lee Drive Fredericksburg VA 22401 Planned 350 Fredericksburg 84 Berkeley Redevelopment, The 2900 South Glebe Road Arlington VA 22206 Planned 257 Fairlington/Seminary Hill/West Potomac 85 North Potomac Yard Jefferson Davis Hwy & East Reed Avenue Alexandria VA 22305 Planned 732 Old Town Alexandria/Potomac Yard/Taylor Run 86 Huntington Avenue & Blaine Drive Blaine Drive & Huntington Avenue Huntington VA 22303 Planned 141 Huntington/Beacon Hill 87 Delaney, The 100 South Pickett Street Alexandria VA 22304 Planned 189 Van Dorn 88 Gables Pointe 14 1307 North Rolfe Street Arlington VA 22209 Planned 368 Fort Myers Heights/Radnor 89 Ballston Station - Ballston Central United Methodist Church 4201 North Fairfax Drive Arlington VA 22203 Planned 119 Ballston/East Falls Church/Seven Corners 90 Tysons West 8595 Leesburg Pike McLean VA 22182 Planned 389 Merrifield/Tyson's Corner/Vienna 91 Novus Fairfax Gateway 11101 Fairfax Blvd Fairfax VA 22030 Planned 403 Fairfax 92 Lincoln at Commerce Park Association Drive & Sunrise Valley Drive Reston VA 20191 Planned 260 North Reston 93 Fairway Redevelopment 11659 North Shore Drive Reston VA 20190 Planned 804 Herndon/Reston TOTAL PLANNED 28,357 94 223 23rd Street South 223 23rd Street South Arlington VA 22202 Prospective 353 Crystal City 95 Airport Plaza 2650 South Clark Street Arlington VA 22202 Prospective 200 Crystal City 96 Crystal 1750 Crystal Drive Arlington VA 22202 Prospective 650 Crystal City 97 Crystal House Phase III 1900 South Eads Street Arlington VA 22202 Prospective 252 Crystal City 98 National Gateway 33rd Street & South Potomac Avenue Arlington VA 22202 Prospective 342 Crystal City 99 National Gateway Phase II 33rd Street & South Potomac Avenue Arlington VA 22202 Prospective 331 Crystal City 100 Metropolitan Park Phase 7 12th Street South & South Fern Street Arlington VA 22202 Prospective 359 Pentagon City/Penrose 101 Metropolitan Park Phase 8 12th Street South & South Fern Street Arlington VA 22202 Prospective 361 Pentagon City/Penrose 102 Pen Place Residential Army Navy Drive & South Fern Street Arlington VA 22202 Prospective 300 Pentagon City/Penrose 103 Wellington Phase II, The 1850 Columbia Pike Arlington VA 22204 Prospective 401 Pentagon City/Penrose 104 5000 Echols Avenue Phase II 5000 Echols Avenue Alexandria VA 22311 Prospective 50 Fairlington/Seminary Hill/West Potomac 105 Columbia Pike & Greenbrier Columbia Pike & South Greenbrier Street Arlington VA 22204 Prospective 80 Fairlington/Seminary Hill/West Potomac 106 Oakville Triangle SWC Calvert Avenue & Jefferson Davis Hwy Alexandria VA 22301 Prospective 400 Fairlington/Seminary Hill/West Potomac 107 Braddock Gateway Phase II 1100 North Fayette Street Alexandria VA 22314 Prospective 255 Old Town Alexandria/Potomac Yard/Taylor Run 108 Braddock Gateway Phase III North Fayette Street & 1st Street Alexandria VA 22314 Prospective 288 Old Town Alexandria/Potomac Yard/Taylor Run 109 Crowne Plaza Hotel Redevelopment 801 North Fairfax Street Alexandria VA 22314 Prospective 293 Old Town Alexandria/Potomac Yard/Taylor Run 110 200 Stovall St. 200 Stovall Street Alexandria VA 22332 Prospective 100 Eisenhower East/Fort Hunt/Franconia 111 Hoffman Town Center SEC Mill Road & Stovall Street Alexandria VA 22332 Prospective 400 Eisenhower East/Fort Hunt/Franconia 112 Hoffman Town Center Block 5 Mandeville Lane & Mill Road Alexandria VA 22331 Prospective 260 Eisenhower East/Fort Hunt/Franconia 113 Arden Building A 2701 Huntington Avenue Alexandria VA 22033 Prospective 79 Huntington/Beacon Hill 114 Huntington Crossing 5829 North Kings Hwy Alexandria VA 22303 Prospective 364 Huntington/Beacon Hill 115 Picket Place SEC Edsall Road & South Van Dorn Street Alexandria VA 22304 Prospective 2400 Van Dorn 116 2000 North Beauregard 2000 North Beauregard Street Alexandria VA 22311 Prospective 300 Alexandria West 117 Beauregard Town Center North Beauregard Street & Reading Avenue Alexandria VA 22311 Prospective 573 Alexandria West 118 2636 Wilson Blvd 2636 Wilson Blvd Arlington VA 22201 Prospective 135 Arlington Heights/Clarendon/Courthouse 119 1400 Key Blvd 1400 Key Blvd Arlington VA 22209 Prospective 274 Colonial Village/North Highlands/Rosslyn 120 Clarendon Silver Diner 10th Street North & Wilson Blvd Arlington VA 22201 Prospective 200 Colonial Village/North Highlands/Rosslyn 121 Clarendon West NEC 13th Street North & Washington Blvd Arlington VA 22201 Prospective 247 Colonial Village/North Highlands/Rosslyn 122 Clarendon West Phase II NEC 13th Street North & North Irving Street Arlington VA 22201 Prospective 337 Colonial Village/North Highlands/Rosslyn 123 Kirkwood Road 3145 Washington Blvd Arlington VA 22201 Prospective 220 Colonial Village/North Highlands/Rosslyn 124 Rosslyn Building - East Redevelopment 1901 North Moore Street Arlington VA 22209 Prospective 407 Colonial Village/North Highlands/Rosslyn 125 6862 Elm Street 6862 Elm Street Mclean VA 22101 Prospective 240 Lee Highway Corridor/McClean/Sugarland Run 126 Arbor Row Block A2 SWC Westpark Drive & Westbranch Drive McLean VA 22102 Prospective 426 Lee Highway Corridor/McClean/Sugarland Run 127 Avalon at Tyson West 8520 Tyco Road Vienna VA 22182 Prospective 350 Lee Highway Corridor/McClean/Sugarland Run 128 Boro Phase II, The Greensboro Drive & Westpark Drive Tysons VA 22102 Prospective 1550 Lee Highway Corridor/McClean/Sugarland Run 129 Highland District Buildings C-F Old Meadow Lane & Old Meadow Road McLean VA 22102 Prospective 1210 Lee Highway Corridor/McClean/Sugarland Run 130 Scotts Run North 1820 Dolley Madison Blvd McLean VA 22102 Prospective 464 Lee Highway Corridor/McClean/Sugarland Run 131 Tysons Galleria Redevelopment 2001 International Drive McLean VA 22102 Prospective 100 Lee Highway Corridor/McClean/Sugarland Run 132 View at Tysons, The 8590 Leesburg Pike Tysons VA 22102 Prospective 786 Lee Highway Corridor/McClean/Sugarland Run 133 Vita Phase II 7902 Tysons One Place Tysons Corner VA 22102 Prospective 282 Lee Highway Corridor/McClean/Sugarland Run 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 START OF COMPLETION DATE RENT-UP 134 Vita Phase III 7902 Tysons One Place Tysons Corner VA 22102 Prospective 267 Lee Highway Corridor/McClean/Sugarland Run 135 Westpark Plaza 8401 Westpark Drive Mclean VA 22102 Prospective 1310 Lee Highway Corridor/McClean/Sugarland Run 136 11th & Vermont 1031 North Vermont Street Arlington VA 22201 Prospective 59 Ballston/East Falls Church/Seven Corners 137 Merrill House Redevelopment 210 East Fairfax Street Falls Church VA 22046 Prospective 50 Ballston/East Falls Church/Seven Corners 138 Washington & Broad 100 North Washington Street Falls Church VA 22046 Prospective 304 Ballston/East Falls Church/Seven Corners 139 Exxon Mobil Site Redevelopment Gallows Road & Lee Hwy Fairfax VA 22037 Prospective 100 Merrifield/Tyson's Corner/Vienna 140 International Place 8201 Leesburg Pike Vienna VA 22182 Prospective 385 Merrifield/Tyson's Corner/Vienna 141 Merrifield at Dunn Loring Station Phase II 8130 Prescott Drive Vienna VA 22180 Prospective 2331 Merrifield/Tyson's Corner/Vienna 142 Perseus at Spring Hill Metro 1577 Spring Hill Road Vienna VA 22182 Prospective 341 Merrifield/Tyson's Corner/Vienna 143 Wolf Trap Hotel Redevelopment Maple Avenue West & Nutley Street SW Vienna VA 22180 Prospective 160 Merrifield/Tyson's Corner/Vienna 144 Paul VI High School Redevelopment 10675 Fairfax Blvd Fairfax VA 22030 Prospective 242 Fairfax 145 City Center South Phase I & II West Annandale Road & South Maple Avenue Falls Church VA 22046 Prospective 412 Burke/Falls Church/Jefferson 146 Four Seasons at Mosaic Eskridge Road & Williams Drive Fairfax VA 22031 Prospective 127 Burke/Falls Church/Jefferson 147 Markham Place 4245 Markham Street Annandale VA 22003 Prospective 310 Burke/Falls Church/Jefferson 148 Springfield Town Center 6500 Springfield Mall Springfield VA 22150 Prospective 2500 Annandale/Lincolnia/Springfield 149 Potomac Town Center 2401 Opitz Blvd Woodbridge VA 22191 Prospective 500 Dale City/Lorton/Woodbridge 150 Rippon Center Farm Creek Drive & Rippon Blvd Woodbridge VA 22191 Prospective 550 Dale City/Lorton/Woodbridge 151 Rippon Center Phase II Farm Creek Drive & Rippon Blvd Woodbridge VA 22191 Prospective 230 Dale City/Lorton/Woodbridge 152 Potomac Shores Harbor Station Pkwy & River Heritage Blvd Dumfries VA 22026 Prospective 200 Dumfries/Triangle 153 Dulles Station Dulles Technology Drive & River Birch Road Herndon VA 20171 Prospective 500 South Herndon 154 Liberty Park Dulles Technology Drive & Sunrise Valley Drive Herndon VA 20171 Prospective 1701 South Herndon 155 Reston II 12005 Sunrise Valley Drive Reston VA 20191 Prospective 145 South Herndon 156 Wood Oak 2291 Wood Oak Drive Herndon VA 20171 Prospective 200 South Herndon 157 11111 Sunset Hills Road 11111 Sunset Hills Road Reston VA 20190 Prospective 175 North Reston 158 1831 Wiehle Avenue 1831 Wiehle Avenue Reston VA 20190 Prospective 504 North Reston 159 Campus Commons Drive 1902 Campus Commons Drive Reston VA 20191 Prospective 100 North Reston 160 Commerce Executive Park Phase II NWC Sunrise Valley Drive & Wiehle Avenue Reston VA 20191 Prospective 300 North Reston 161 RTC West Phase II 11790 Sunrise Valley Drive Reston VA 20191 Prospective 700 North Reston 162 Valley & Park 11720 Sunrise Valley Drive Reston VA 20191 Prospective 54 North Reston 163 Elden Street Plaza NEC Center Street & Elden Street Herndon VA 20170 Prospective 281 Herndon/Reston 164 Lake Anne Plaza Phase II 1513 Cameron Crescent Drive Reston VA 20190 Prospective 50 Herndon/Reston 165 Lake Anne Plaza Phase III 1645 Washington Plaza North Reston VA 20190 Prospective 440 Herndon/Reston 166 Reston Crossing Dulles Toll Road & Reston Pkwy Reston VA 20190 Prospective 1190 Herndon/Reston 167 Spectrum at Reston Town Center Redevelopment Bowman Towne Drive & Reston Pkwy Reston VA 20190 Prospective 1422 Herndon/Reston 168 BLVD Loudoun Station Phase II, The Metro Center Drive & Shellhorn Road Ashburn VA 20147 Prospective 319 Ashburn/Dulles/Sterling 169 BLVD Loudoun Station Phase III, The Loudoun Station Drive & Shellhorn Road Ashburn VA 20147 Prospective 123 Ashburn/Dulles/Sterling 170 Fox Gate John Mosby Hwy & Pleasant Valley Road Dulles VA 20152 Prospective 110 Ashburn/Dulles/Sterling 171 Gramercy District Phase 1B Gramercy Park Drive & Loudoun Station Drive Ashburn VA 20147 Prospective 332 Ashburn/Dulles/Sterling 172 Hub, The Innovation Avenue & Sully Road Dulles VA 20166 Prospective 1265 Ashburn/Dulles/Sterling 173 Loudoun Center Loudoun County Pkwy & Waxpool Road Ashburn VA 20166 Prospective 774 Ashburn/Dulles/Sterling 174 Loudoun Parkway Center South Dulles Greenway & Loudoun County Pkwy Ashburn VA 20147 Prospective 560 Ashburn/Dulles/Sterling 175 Waterside Old Ox Road & Shaw Road Sterling VA 20166 Prospective 2595 Ashburn/Dulles/Sterling 176 Grove at Gainesville, The 14300 John Marshall Hwy Gainesville VA 20155 Prospective 560 Gainesville/Leesburg 177 John Marshall Commons 14510 John Marshall Hwy Gainesville VA 20155 Prospective 205 Gainesville/Leesburg 178 Village at Leesburg, The Balch Drive SE & Russell Branch Pkwy SE Leesburg VA 20175 Prospective 168 Gainesville/Leesburg 179 George Washington Village Courthouse Road & Interstate 95 Stafford VA 22554 Prospective 1050 Stafford/Warrenton 180 Allure at Jefferson Phase II, The SEC Jefferson Davis Hwy & Spotsylvania Pkwy Fredericksburg VA 22408 Prospective 112 Falmouth/Spotsylvania 181 Crossroads Station Benchmark Road & Mills Drive Fredericksburg VA 22408 Prospective 610 Falmouth/Spotsylvania 182 Jackson Village SEC Jefferson Davis Hwy & Spotsylvania Pkwy Fredericksburg VA 22407 Prospective 695 Falmouth/Spotsylvania 183 Keswick Gardens 7805 Robert E. Lee Drive Spotsylvania VA 22551 Prospective 240 Falmouth/Spotsylvania 184 Ni Village at Jackson Gateway 7730 Jefferson Davis Hwy Fredericksburg VA 22407 Prospective 950 Falmouth/Spotsylvania 185 Arlandria Center 3809 Mount Vernon Avenue Alexandria VA 22305 Prospective 478 Fairlington/Seminary Hill/West Potomac 186 Wakefield Manor Phase II North 13th Street & Courthouse Road Arlington VA 22201 Prospective 104 Arlington Heights/Clarendon/Courthouse 187 Anderson Park Phase II 1653 Anderson Road McLean VA 22102 Prospective 2174 Lee Highway Corridor/McClean/Sugarland Run 188 Spring Hill Station 1556 Spring Hill Road McLean VA 22102 Prospective 3500 Lee Highway Corridor/McClean/Sugarland Run 189 Sunburst at Spring Hill Metro 1587 Spring Hill Road Vienna VA 22182 Prospective 501 Merrifield/Tyson's Corner/Vienna 190 Tysons West Phase II 8595 Leesburg Pike McLean VA 22182 Prospective 400 Merrifield/Tyson's Corner/Vienna 191 Kingstowne Towne Center 5931 Kingstowne Village Pkwy Alexandria VA 22315 Prospective 800 Annandale/Lincolnia/Springfield 192 Townsquare at Dumfries Bond 3955 Graham Park Road Triangle VA 22172 Prospective 227 Dumfries/Triangle 193 Woodland Park East Dulles Toll Road & Monroe Street Herndon VA 20171 Prospective 678 South Herndon 194 Lake Anne Plaza 11401 North Shore Drive Reston VA 20190 Prospective 450 Herndon/Reston TOTAL PROSPECTIVE 54,739 TOTAL NORTHERN VIRGINIA 92,438

© 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