Miami - Multifamily Projects 3Q19

Home , Dodge Island, Haulover Park, InterContinental Miami, Ludlam Road, Matheson Hammock Park

ID PROPERTY UNITS Oleta River State Park 1 Doral 4200 250 3 La Vida Apartments at Blue Lagoon 272

7 Soleste Twenty2 338 Haulover Park 9 Columbus on Fifth 72 10 District West Gables Phase II 221 50 32 Total Lease Up 1,153

12 Wave, The 410 15 Plaza Coral Gables, The 174

16 MiMo Bay 237 NORTH BEACH 17 Alexan Doral 350 27 18 Elan at Downtown Doral South 383 38 37 19 Sanctuary Doral 226 20 University Bridge 886 16 22 Gables Station 450 Miami Beach 23 One at University City, The 293 24 Century Parc Place 230 1 18 MID BEACH 26 MiLa Phase III 486 19 17 BAYSHORE 27 Corridor, The Phase III 62 29 Soleste Alameda 310 31 275 Fontainebleau Blvd 133 35 32 Prestige Waterfront Redevelopment 51 24 SOUTH BEACH 34 Baccarat 100 3 34 31 12 35 Belle Isle Key 172 DOWNTOWN Dodge Island 9 MIAMI 37 Triton Center 325 29 23 20 Fisher Island 38 Grand Doral 80 10 44 MB Station 190 44 Vizcaya Museum 45 Henry, The 120 7 15 & Garden 48 Cassa Grove 130 45 48 Virginia Key 50 Las Vistas at Amelia 174 22 Total Under Construction 5,972 1 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction a Berkshire Hathaway and Jefferies Financial Group company Miami - Multifamily Projects 3Q19

33 40 8 36

Margaret International Links Pace Park Melreese Country Club

25 NE 15th St

2 Jungle Island 39

ID PROPERTY UNITS 13 2 Art Plaza 667 11 5 Quadro 198 28 Port Miami 6 Maizon at Brickell 262 42 8 Blu27 330 Total Lease Up 1,457 InterContinental Miami 11 Luma at Miami Worldcenter 434 13 Miami River Walk 346 14 Modera Biscayne Bay 296 25 Miami Plaza 437 41 28 Reflections 138 33 Midtown 6 447 6 36 Bradley, The 175 39 Lantower River Landing 507 40 AMLI Chiquita 719 41 Megacenter Brickell 57 42 Park - Line MiamiCentral 816

Total Under Construction 4,372 2000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction a Berkshire Hathaway and Jefferies Financial Group company Miami - Multifamily Projects 3Q19

Matheson Hammock Park

R Hardy Matheson County Preserve

Biscayne Bay Aquatic Preserve 21

Biscayne 47 Bay-Card Sound Spiny ID PROPERTY UNITS Lobster... 51 4 Southern Villas Townhomes 100 Total Lease Up 100

21 Mareas at Coral Reef, The 408 30 Soleste Bay Village 200 43 Modera Metro Dadeland Phase II 422 46 Lanai Landings 54 4 47 Caribbean Village 123 46 49 Paseo de la Riviera 204 Biscayne 51 Kirra's 55 Mangrove National Park Preserve Outstanding Total Under Construction 1,466 Florida Water 1 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction a Berkshire Hathaway and Jefferies Financial Group company Miami - Multifamily Projects

PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 1 Doral 4200 4200 NW 107th Avenue Doral FL 33178 Lease-Up 250 Doral 04/30/2018 06/30/2020 09/01/2019 2 Art Plaza 58 NE 14th Street Miami FL 33132 Lease-Up 667 Downtown Miami 08/31/2018 01/31/2020 03/07/2019 3 La Vida Apartments at Blue Lagoon 6600 NW 7th Street Miami FL 33126 Lease-Up 272 West Miami 01/01/2018 12/31/2019 07/01/2019 4 Southern Villas Townhomes 25240 SW 134th Place Naranja FL 33013 Lease-Up 100 Homestead 03/31/2018 12/31/2019 04/30/2019 5 Quadro 3900 Biscayne Blvd Miami FL 33137 Lease-Up 198 Morningside 06/01/2017 11/30/2019 07/01/2019 6 Maizon at Brickell 221 SW 12th Street Miami FL 33130 Lease-Up 262 Downtown Miami 01/31/2018 11/30/2019 05/22/2019 7 Soleste Twenty2 2201 Ludlam Road Miami FL 33155 Lease-Up 338 West Miami 04/18/2018 10/31/2019 07/01/2019 8 Blu27 2701 Biscayne Blvd Miami FL 33137 Lease-Up 330 Edgewater - Wynwood 07/31/2017 10/31/2019 05/22/2019 9 Columbus on Fifth 514 SW 22nd Avenue Miami FL 33135 Lease-Up 72 Little Havana 01/01/2018 10/31/2019 04/01/2019 10 District West Gables Phase II 2101 SW 67th Avenue Miami FL 33155 Lease-Up 221 West Miami 02/01/2016 10/31/2019 09/30/2017 Total Lease-Up 2,710 11 Luma at Miami Worldcenter 150 NE 7th Street Miami FL 33132 Under Construction 434 Downtown Miami 09/01/2019 12/31/2021 12 Wave, The 600 Alton Road Miami Beach FL 33139 Under Construction 410 South Beach 01/31/2019 01/31/2021 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 08/31/2019 01/31/2021 15 Plaza Coral Gables, The 2901 Ponce de Leon Blvd Coral Gables FL 33134 Under Construction 174 Coral Way - Flagler 12/31/2018 01/31/2021 16 MiMo Bay 6445 NE 7th Avenue Miami FL 33138 Under Construction 237 Little Haiti 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 Elan at Downtown Doral South 8425 NW 41st Street Doral FL 33166 Under Construction 383 Doral 06/27/2019 12/31/2020 19 Sanctuary Doral 9400 NW 41st Street Doral FL 33178 Under Construction 226 Doral 04/01/2019 12/31/2020 20 University Bridge 740 SW 109th Avenue Miami FL 33174 Under Construction 886 Fountainbleau 10/31/2018 12/31/2020 21 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 22 Gables Station 251 South Dixie Hwy Coral Gables FL 33133 Under Construction 450 Coconut Grove 09/01/2018 11/30/2020 23 One at University City, The 740 SW 109th Avenue Miami FL 33174 Under Construction 293 Fountainbleau 10/31/2018 10/31/2020 24 Century Parc Place 850 NW 42nd Avenue Miami FL 33126 Under Construction 230 Coral Way - Flagler 04/30/2019 10/31/2020 25 Miami Plaza 1502 NE Miami Place Miami FL 33132 Under Construction 437 Edgewater - Wynwood 04/02/2019 09/30/2020 26 MiLa Phase III 20901 San Simeon Way Miami FL 33179 Under Construction 486 Norland 02/28/2019 06/30/2020 27 Corridor, The Phase III 760 NE 85th Street Miami FL 33138 Under Construction 62 Little Haiti 04/01/2019 06/30/2020 28 Reflections 1000 NW 7th Street Miami FL 33136 Under Construction 138 Little Havana 04/30/2019 06/30/2020 29 Soleste Alameda SW 8th Street & SW 64th Avenue Miami FL 33144 Under Construction 310 West Miami 08/01/2018 05/31/2020 30 Soleste Bay Village 18301 South Dixie Hwy Miami FL 33157 Under Construction 200 Kendall - East 06/01/2018 05/31/2020 31 275 Fontainebleau Blvd 275 Fontainebleau Blvd Miami FL 33172 Under Construction 133 Fountainbleau 03/31/2019 03/31/2020 32 Prestige Waterfront Redevelopment 13150 Memorial Hwy Miami FL 33161 Under Construction 51 North Miami 12/31/2018 02/29/2020

Source: Yardi Matrix Miami - Multifamily Projects

PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 33 Midtown 6 3101 NE 1st Avenue Miami FL 33137 Under Construction 447 Edgewater - Wynwood 02/28/2018 02/29/2020 34 Baccarat 3900 NW 7th Street Miami FL 33126 Under Construction 100 Coral Way - Flagler 01/31/2019 02/29/2020 35 Belle Isle Key 31 Venetian Cswy Miami Beach FL 33139 Under Construction 172 South Beach 08/01/2018 01/31/2020 36 Bradley, The 51 NW 26th Street Miami FL 33127 Under Construction 175 Edgewater - Wynwood 05/08/2018 01/31/2020 37 Triton Center 7880 Biscayne Blvd Miami FL 33138 Under Construction 325 Little Haiti 01/31/2018 12/31/2019 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 AMLI Chiquita 2900 NE 2nd Avenue Miami FL 33137 Under Construction 719 Edgewater - Wynwood 06/30/2018 12/31/2019 41 Megacenter Brickell 420 SW 7th Street Miami FL 33130 Under Construction 57 Downtown Miami 10/01/2018 12/31/2019 42 Park - Line MiamiCentral SWC NW 1st Avenue & NW 3rd Street Miami FL 33128 Under Construction 816 Downtown Miami 08/01/2017 12/31/2019 43 Modera Metro Dadeland Phase II 8215 SW 72nd Avenue Miami FL 33143 Under Construction 422 Glenvar Heights 02/01/2018 12/31/2019 44 MB Station 3170 Coral Way Miami FL 33145 Under Construction 190 Coral Way - Flagler 12/31/2017 12/31/2019 45 Henry, The 4131 Laguna Street Coral Gables FL 33146 Under Construction 120 Coconut Grove 06/30/2018 12/31/2019 46 Lanai Landings 14550 Mable Street Homestead FL 33032 Under Construction 54 Homestead 12/31/2018 12/31/2019 47 Caribbean Village SW 110th Court & SW 200th Street Miami FL 33157 Under Construction 123 South Miami Heights 08/01/2018 12/31/2019 48 Cassa Grove 2900 SW 28th Lane Miami FL 33133 Under Construction 130 Coral Way - Flagler 02/01/2018 11/30/2019 49 Paseo de la Riviera 1350 South Dixie Hwy Coral Gables FL 33146 Under Construction 204 Coconut Grove 03/31/2018 11/30/2019 50 Las Vistas at Amelia 7925 West 2nd Court Hialeah FL 33014 Under Construction 174 Hialeah 02/01/2018 10/31/2019 51 Kirra's 21401 SW 112th Avenue Goulds FL 33170 Under Construction 55 Cutler Bay 09/01/2018 10/31/2019 Total Under Construction 11,810 TOTAL MIAMI 14,520

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