Washington D.C. New Construction & Proposed Multifamily Projects 1Q19

ID PROPERTY UNITS 13 13 Woodfield Commons 84 Total Lease Up 84 308 30 Century 460 54 Parkview at Aspen Hill 120 307 57 Residences at Siesta Key, The 315 Total Under Construction 895

110 HarborChase of Rockville 150 114 Westside at Shady Grove Metro Phase II 781 134 Willow Manor at Fairland 121 306 142 Rockville Town Center Phase II 400 143 143 Cabin Branch 272 303 144 Kentlands 365 Total Planned 2,089 302

300 265 Viva White Oak 5,000 30 298 Residences at Olde Towne 191 299 Azalea, The 100 301 300 Black Hills Germantown 1,618 301 Fairchild 212 302 Poplar Grove 540 303 Comsat Property 500 299 304 Crown Farm 600 305 Rio Washingtonian Center 1,145 306 Elms at Clarksburg Village Phase 342 III 300 298 307 St. Annes 76 308 Victory Haven 72 144 114 340 Rockville Metro Plaza 240 342 Emory Grove Village Redevelopment 50 304 305 Total Prospective 10,644 57 110

340 54 142 265 134

1000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective a Berkshire Hathaway and Jefferies Financial Group company Washington D.C. New Construction & Proposed Multifamily Projects 1Q19

113 141

276 278 296

108

ID PROPERTY UNITS 108 1900 Chapman Avenue Phase II 61 109 Gables Pike District 475 111 Saul Centers East 710 112 Saul Centers West 720 109 112 113 Twinbrook Quarter 330 297 111 341 136 East Village 382 137 East Village Phase II 232 273 137 136 138 Ourisman Ford Montgomery Mall 343 141 Avalon at Twinbrook Station 238 282 283 Total Planned 3,491

267 10450 Metropolitan 170 269 Grosvenor - Strathmore 550 270 Kensington Manor 94 273 North Bethesda Market II 414 274 Pooks Hill 625 275 Pooks Hill Phase II 325 276 Potomac Woods 454 278 Tower Oaks 128 138 334 269 270 280 Westfield Montgomery Mall 267 Redevelopment 360 281 Westfield Montgomery Mall 280 281 335 Redevelopment Phase II 300 282 White Flint 1,200 283 White Flint Phase II 1,300 296 Twinbrook Metro Place Block A 407 297 Twinbrook Metroplace 229 334 Rock Spring Centre 161 335 Wildwood 60 275 274 341 White Flint View 193 Total Prospective 6,970 1000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective a Berkshire Hathaway and Jefferies Financial Group company Washington D.C. New Construction & Proposed Multifamily Projects 1Q19

263

264

140

266 ID PROPERTY UNITS 22 Boulevard at 9091, The 238 Total Under Construction 238

107 107 Ambassador Redevelopment 60 135 135 2424 Reedie Drive 204 140 Privacy World at Glenmont Metrocentre Redevelopment 260 Total Planned 524

256 Guardian Building, The 177 260 Enclave at 8700 Phase II, The 94 333 263 100 Main Street 200 264 Konterra Town Center 300 266 White Oak Town Center 275 329 8787 Georgia Avenue 360 333 Holly Hill Redevelopment 500 Total Prospective 1,906 22 329 256 260 2000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective a Berkshire Hathaway and Jefferies Financial Group company Washington D.C. New Construction & Proposed Multifamily Projects 1Q19

268 21 18 272 271

ID PROPERTY UNITS 7 Gallery Bethesda Phase II 219 18 Lindley, The 200 289 Total Lease Up 419

21 Connecticut Avenue & Manor Road 283 285 7 Total Under Construction 283 339 139 139 Claiborne, The 180 Total Planned 180

338 268 Connecticut Avenue & Manor Road Phase II 183 294 271 Lindley Phase II, The 50 272 Lindley Phase III, The 50 290 284 4 Bethesda Metro Center 600 285 5020 Battery Lane 280 286 7121 189 287 7126 Wisconsin Avenue 260 288 288 7607 Old Georgetown 200 291 289 7900 Wisconsin Avenue 475 290 Arlington Road 235 292 291 Bethesda Gateway 171 284 292 Edgemont at Bethesda Metro Phase II 160 295 293 Metro Tower 390 336 294 St. Elmo 240 337 295 Waverly Garage Redevelopment 100 336 4540 Montgomery 100 293 337 7340 Wisconsin Avenue 225 338 7820 Wisconsin Avenue 390 339 Artena 460 Total Prospective 4,758

287 286 200 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective a Berkshire Hathaway and Jefferies Financial Group company Washington D.C. New Construction & Proposed Multifamily Projects 1Q19

255 10 103 258 63 61 330 37 259 36 257 332 331 254 328 262 ID PROPERTY UNITS 9 Edition, The 351 248 10 Alexander House Renovation 311 Total Lease Up 662

36 Fuse 47 275 106 37 900 Thayer Avenue 124 253 61 Solaire 8250 338 199 63 Thayer and Spring 399 249 252 104 198 Total Under Construction 1,136 133 261 81 Riverdale Park Station 855 101 Modern at Art Place Phase II, The 400 81 105 102 Riverfront at West Hyattsville, The 358 9 103 Elizabeth Square 117 104 Landy 331 105 Metro II Residential Conversion 311 106 Southern Gateway 393 133 Parks at Walter Reed, The 301 Total Planned 3,066 102 202 250 198 4301 River Road 370 251 101 199 River Road & Paint Branch Pkwy 440 252 Maple & Vine 75 261 Landy Phase II 400 200 200 4310 Gallatin Street 126 253 Takoma Metro 200 262 Liberty Place 178 202 Rail Yard, The 260 254 Boulevard on Newell 187 328 850 Sligo Avenue 85 248 Residences at 7828 Georgia Avenue, The 220 255 Elizabeth Square Phase IV 334 330 Falkland Chase Redevelopment 366 249 218 Vine Street 114 257 Pearl Phase II, The 893 331 Silver Spring Park 58 250 22-24 Kennedy Street 70 258 Silver Spring Transit Station 250 332 Studio Plaza Phase II 340

251 Fort Totten Metro 345 259 Solaire Silver Springs Phase II 420 Total Prospective 5,731 1000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective a Berkshire Hathaway and Jefferies Financial Group company Washington D.C. New Construction & Proposed Multifamily Projects 1Q19

279 277

327

ID PROPERTY UNITS 3 Âme 206 246 5 Admo Heights 80 8 Modera Sedici 134 130 11 Legacy West End 197 14 Madison House 56 326 16 Sonnet 288 19 Tilden Hall Phase II 50 Total Lease Up 1,011 99 19 131 43 Elizabeth Taylor Medical Center Redevelopment 78 50 Glover House, The 225 247 59 Clifton, The 156 Total Under Construction 459

90 Martha's Table Redevelopment 241 98 3401 Water Street NW 54 99 4000 Wisconsin 716 100 Meridian Hill Park 111 132 130 Broadcast, The 146 8 131 Fannie Mae Redevelopment 652 5 3 59 132 16th & Columbia 176 Total Planned 2,096 100 227 90 50 227 2213 14th 56 16 244 15th Street 150 Georgetown Day School 350 246 244 247 Sam's Park Redevelopment 50 43 277 Residences at Capital Crescent 100 Trail Phase II, The 14 279 Westbard Redevelopment 410 326 Ladybird, The 219 11 327 5151 Wisconsin Avenue NW 280 Total Prospective 1,615 98 1000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective a Berkshire Hathaway and Jefferies Financial Group company Washington D.C. New Construction & Proposed Multifamily Projects 1Q19

ID PROPERTY UNITS 24 Monroe Street Market - Block E Building 156 237 32 Wren, The 433 49 Atlantic Plumbing Parcel C 165 52 Carver Hall 62 128 53 Slowe Hall 100 Total Under Construction 916 230

231 89 2009 8th Street 132 236 24 91 McMillan Reservoir Senior 120 125 323 92 Rhode Island Center 94 126 Redevelopment 345 235 93 St. Paul’s College Redevelopment 78 229 238 94 Vue, The 112 123 Eckington Yards 682 228 321 125 3400 Georgia Avenue NW 100 126 901 Monroe 213 93 127 McMillan 250 128 Spring Flats Senior 187 127 Total Planned 2,219

91 215 Florida Avenue 380 228 3135 8th Avenue 371 229 3212 Georgia Avenue NW 105 239 230 Brookland - CUA 92 240 North Parcel 100 233 234 231 Brookland - CUA Metro Station South Parcel 150 32 233 Bryant Street Mixed-Use Development 490 49 234 Bryant Street Mixed-Use 52 Development Phase II 1,160 235 Lamont, The 91 89 53 236 Park Morton Phase II 142 322 237 Petworth Place Phase II 50 238 Residence Inn 100 239 Rhode Island Avenue 100 240 Rhode Island Center Redevelopment Phases II - VI 1,210 322 Grimke School Redevelopment 50 324 317 500 Penn Street 300 323 Park Morton Redevelopment 273 318 Eckington Park 328 123 324 Ellis, The 118 318 317 321 Bruce Monroe Elementary School 273 215 Total Prospective 5,791 500 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective a Berkshire Hathaway and Jefferies Financial Group company Washington D.C. New Construction & Proposed Multifamily Projects 1Q19

206 208 217

85 4 224 97 319 58 210 120 121 212 83 209 211 84 243 82 56

6 203 ID PROPERTY UNITS 4 Batley, The 432 325 88 6 Lurgan, The 214 25 Total Lease Up 646 241 320

25 Union Place 525 56 RESA 326 95 58 Highline at Union Market, The 318 Total Under Construction 1,169 96 129 82 1215 3rd Street 416 83 51 N Street NE 208 84 Central Armature Works Redevelopment 465 242 85 Market Terminal 558 217 Market Terminal Phase II 445 88 Storey Park Flats 300 203 1109 Congress Street 62 224 Shapiro North 134 95 5th & I Street 52 206 1509 Capitol Street 139 241 Washington Global Trade Center 200 96 618 I Street 140 208 18-24 P Street 200 242 Canterbury 65 97 8th & O 72 209 301 N Street 275 243 Blagden, The 123 213 120 301 Florida Avenue 56 210 35 New York Avenue 100 319 Gallaudet University 6th Street 1,800 121 500 Morse Street NE 280 211 40 Patterson Street NE 310 320 Temple Courts 517 129 Cantata, The 324 212 400 Florida Avenue 110 325 Sursum Corda Redevelopment 1,142

Total Planned 2,871 213 Burnham Place at Union Station 300 Total Prospective 5,922 200 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective a Berkshire Hathaway and Jefferies Financial Group company Washington D.C. New Construction & Proposed Multifamily Projects 1Q19

201

ID PROPERTY UNITS 31 Avec on H Street 420 51 Jamison, The 236 Total Under Construction 656

232 78 Parkisde 191 205 51 79 Capitol Heights Metro Station 218 122 Development 184 221 86 NewCity DC 422 220 87 219 87 RIA Block 7 & 8 331 222 223 122 City View 58 124 Valvaere, The 301 86 Total Planned 1,487 216 214 185 Metro 138 187 186 East River Park Redevelopment 100 190 187 Kenilworth Courts Redevelopment 292 185 188 Lincoln Heights Redevelopment 442 189 Senator Square Shopping Center Redevelopment 100 190 Addison Row 940 191 Ascent, The 300 78 193 Glenwood Hills 386 31 204 207 201 Mt. Rainier Gateway 185 124 315 204 1338 H Street NE 50 205 1400 Montana Avenue NE 108 207 1701 H Street 180 189 188 214 Crummell School Redevelopment 320 186 216 Kendall Street & New York Avenue 300 218 RIA Block 1 347 79 219 RIA Block 2 355 314 191 220 RIA Block 3 214 221 RIA Block 4 196 193 222 RIA Block 5 140 223 RIA Block 6 146 232 Brookland Square 263 314 Meadow Green Courts Redevelopment 499 315 Nannie Helen Burroughs Avenue 183

Total Prospective 6,184 1000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective a Berkshire Hathaway and Jefferies Financial Group company Washington D.C. New Construction & Proposed Multifamily Projects 1Q19

23 47 26 225 226 ID PROPERTY UNITS 39 1 Novel South Capitol 355 117 42 2 Harlow 179 170 173 12 Banks, The 173 20 17 Modern on M 276 172 115 1 34 44 12 20 Agora at the Collective 336 171 76 Total Lease Up 1,319 311 310 175 38 169 27 74 2 17 176 73 75 181 23 Reservation 13 353 60 180 179 26 CitizenM Hotel & Residential 194 117 Kiley 315 48 178 27 Wharf Phase II, The 255 118 Reunion Square 71 41 28 1900 Half Street 462 174 177 46 55 Total Planned 2,569 72 29 Riverpoint 481 33 71 Potomac 264 116 169 816 - 820 Potomac Avenue SE 34 Garrett at the Collective, The 375 Phase II 50 38 Parc Riverside Phase II 314 170 861 New Jersey 100 33 39 Lockwood 145 171 950 South 300 41 1250 440 172 Bard, The 110 42 Rushmore, The 117 173 Crescent Capitol View Phase II 168 44 1401 Penn 167 174 Greenleaf Redevelopment 500 46 Yards Parcel L, The 270 175 Square 740 275 47 1331 373 176 Waterfront Station West Building 604 28 313 48 West Half 216 177 Yards West 348 55 Guild, The 191 178 1333 M Street SE 218 60 10 Van Street 163 179 1333 M Street SE Phase II 133 312 Total Under Construction 4,780 180 1333 M Street SE Phase III 234 29 118 181 1333 M Street SE Phase IV 88 72 1319 South Capitol Street 140 225 Beckert’s Park 325 73 300 M Street 401 226 Yards Phase II, The 1,200 74 37 L Street SE 74 310 1000 South Capitol Street 250 75 816 - 820 Potomac Avenue SE 75 311 300 K Street SW 356 76 Square 696 818 312 Poplar Point 700 115 Corcoran 485 313 Reunion Square Phase II 131 116 DC Water Redevelopment 190 Total Prospective 6,090 500 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective a Berkshire Hathaway and Jefferies Financial Group company Washington D.C. New Construction & Proposed Multifamily Projects 1Q19

ID PROPERTY UNITS 15 Allure Apollo 384 Total Lease Up 384

35 Skyland Town Center 263 40 Glenarden Redevelopment 114 62 Commons at Stanton Square, The 173 119 154 Total Under Construction 550 67 65 Amber Ridge 320 197 66 Crescents at Largo Town Center, 352 The 80 67 Melford Village 388 68 Woodmore Towne Center 922 69 Cabin Branch Village 204 192 70 Cambridge Place at Westphalia 325 316 40 71 Town Square 1,118 68 77 St. Elizabeth East Chapel 252 194 Redevelopment 156 65 80 New Carrollton Metrorail Station 260 119 Walk in the Woodlands 252 153 Total Planned 4,393 66 155 196

150 Allentown Andrews Gateway Center 60 195 151 Brinkley Manor Redevelopment 125 184 157 152 210 on the Park 113 35 182 153 Ascend Apollo Phases II - IV 1,142 158 167 Shops at Park Village 161 154 Bowie Marketplace 225 Redevelopment, The 250 62 162 159 155 Karington 610 168 Southern Hills Redevelopment 255 77 166 183 160 71 156 Lottsford Road Senior 210 182 Skyland Town Center Phase II 217 167 70 157 Willowbrook 136 183 Terrace Manor Renovation 128 309 163 158 D'Arcy Park North 168 184 Penn Hill 150 15 164 69 159 D'Arcy Park South 176 192 Addison Row 256 168 160 Naylor Road Metro Station 220 194 Glenarden Phase III 372 161 Suitland 200 195 Landover Crossing 961 162 Suitland Gateway 271 196 Metro City 700 150 152 163 Westphalia Town Center 400 197 Morgan Boulevard Metro Station 2,000 165 151 164 Westphalia Town Center Phase II 484 309 Remy, The Phase II 74 165 Oxford, The 195 316 Archer Park Phase II 55 166 Metro 215 Total Prospective 10,368 1 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective a Berkshire Hathaway and Jefferies Financial Group company Washington D.C. New Construction & Proposed Multifamily Projects 1Q19

45 245

149

64 148 147 146

ID PROPERTY UNITS 45 Boathouse 250 Total Under Construction 250

64 Beechtree 249 Total Planned 249 145 145 East Run 260 146 Armory Square 570 147 Chapline South 174 148 Heritage Green 800 149 Villages at Timothy Branch, The 1,200 245 22nd Street 153 Total Prospective 3,157 5 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective a Berkshire Hathaway and Jefferies Financial Group company Washington D.C. 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 Novel South Capitol 2 I Street SE Washington DC 20003 Lease-Up 355 Barry Farms/Saint Elizabeths 06/01/2017 08/31/2019 02/20/2019 2 Harlow 1100 2nd Place SE Washington DC 20003 Lease-Up 179 Barry Farms/Saint Elizabeths 05/02/2017 06/30/2019 03/08/2019 3 Âme 2601 16th Street NW Washington DC 20009 Lease-Up 206 Columbia Heights 04/10/2017 05/31/2019 01/03/2019 Brentwood/Trinidad/ 4 Batley, The 1270 4th Street NE Washington DC 20002 Lease-Up 432 Woodridge 06/01/2016 04/30/2019 03/04/2019 5 Admo Heights 1777 Columbia Road NW Washington DC 20009 Lease-Up 80 Mount Pleasant 09/04/2017 04/30/2019 12/18/2018 Logan Circle/West Mount 6 Lurgan, The 915 L Street NW Washington DC 20001 Lease-Up 214 Vernon 02/06/2017 04/30/2019 12/17/2018 7 Gallery Bethesda Phase II 4850 Rugby Avenue Bethesda MD 20814 Lease-Up 219 Downtown Bethesda 05/22/2017 04/30/2019 09/10/2018 /North Dupont 8 Modera Sedici 2700 16th Street NW Washington DC 20009 Lease-Up 134 Circle 02/28/2017 04/30/2019 08/27/2018 9 Edition, The 3401 East-West Hwy Hyattsville MD 20782 Lease-Up 351 Chillum/ 12/20/2016 04/30/2019 05/07/2018 10 Alexander House Renovation 8560 2nd Avenue Silver Spring MD 20910 Lease-Up 311 Downtown Silver Spring 01/17/2018 03/31/2019 02/04/2019 11 Legacy West End 1255 22nd Street NW Washington DC 20037 Lease-Up 197 West 06/12/2016 03/31/2019 12/05/2018 12 Banks, The 900 7th Street SW Washington DC 20024 Lease-Up 173 Barry Farms/Saint Elizabeths 02/10/2017 03/31/2019 12/01/2018 13 Woodfield Commons 26390 Woodfield Road Damascus MD 20872 Lease-Up 84 Olney 12/04/2017 03/31/2019 11/13/2018 South 16th Street/Scott Circle 14 Madison House 1772 Church Street NW Washington DC 20036 Lease-Up 56 Corridor 09/10/2017 03/31/2019 11/05/2018 Camp Springs/Fort 15 Allure Apollo 4401 Telfair Blvd Camp Springs MD 20746 Lease-Up 384 Washington/South Glassmanor 04/17/2017 03/31/2019 09/03/2018 South 16th Street/Scott Circle 16 Sonnet 1441 U Street NW Washington DC 20009 Lease-Up 288 Corridor 11/01/2016 03/31/2019 08/06/2018 17 Modern on M 465 M Street SW Washington DC 20024 Lease-Up 276 Barry Farms/Saint Elizabeths 08/01/2016 03/31/2019 08/06/2018 18 Lindley, The 8405 Chevy Chase Lake Terrace Chevy Chase MD 20815 Lease-Up 200 Chevy Chase/Potomac 04/01/2017 03/31/2019 08/01/2018 East /Woodley 19 Tilden Hall Phase II 3945 Connecticut Avenue NW Washington DC 20008 Lease-Up 50 Park 10/20/2016 03/31/2019 03/01/2018 20 Agora at the Collective 800 New Jersey Avenue SE Washington DC 20003 Lease-Up 336 Barry Farms/Saint Elizabeths 06/01/2014 03/31/2019 12/18/2017 Total Lease-Up 4,525 21 Connecticut Avenue & Manor Road 8507 Connecticut Avenue Chevy Chase MD 20815 Under Construction 283 Chevy Chase/Potomac 02/19/2019 03/31/2022 03/31/2022 22 Boulevard at 9091, The 9091 Baltimore Avenue College Park MD 20740 Under Construction 238 College Park 01/07/2019 03/31/2021 03/31/2021 Fort /Marshall 23 Reservation 13 19th Street SE & Massachusetts Avenue SE Washington DC 20003 Under Construction 353 Heights 11/05/2018 12/31/2020 12/31/2020 24 Monroe Street Market - Block E Building 716 Monroe Street NE Washington DC 20017 Under Construction 156 Brookland/South Petworth 02/08/2019 07/31/2020 07/31/2020

Source: Yardi Matrix Washington D.C. 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 Brentwood/Trinidad/ 25 Union Place 200 K Street NE Washington DC 20002 Under Construction 525 Woodridge 06/01/2016 03/31/2020 03/31/2020 26 CitizenM Hotel & Residential 555 E Street SW Washington DC 20024 Under Construction 194 Barry Farms/Saint Elizabeths 09/24/2018 03/31/2020 03/31/2020 27 Wharf Phase II, The 690 Water Street Washington DC 20024 Under Construction 255 Barry Farms/Saint Elizabeths 09/01/2018 02/29/2020 02/29/2020 28 1900 Half Street 1900 Half Street SW Washington DC 20024 Under Construction 462 Barry Farms/Saint Elizabeths 11/25/2018 01/31/2020 01/31/2020 29 Riverpoint 2100 2nd Street SW Washington DC 20593 Under Construction 481 Barry Farms/Saint Elizabeths 09/06/2018 01/31/2020 01/31/2020 Germantown/Montgomery 30 Century Century Blvd & Cloverleaf Center Drive Germantown MD 20874 Under Construction 460 Village 06/04/2018 01/31/2020 01/31/2020 Brentwood/Trinidad/ 31 Avec on H Street 901 H Street NE Washington DC 20002 Under Construction 420 Woodridge 10/01/2017 01/31/2020 01/31/2020 32 Wren, The 965 Florida Avenue NW Washington DC 20001 Under Construction 433 Brookland/South Petworth 02/12/2018 01/31/2020 01/31/2020 33 71 Potomac 71 Potomac Avenue SE Washington DC 20003 Under Construction 264 Barry Farms/Saint Elizabeths 07/02/2018 12/31/2019 12/31/2019 34 Garrett at the Collective, The 150 I Street SE Washington DC 20003 Under Construction 375 Barry Farms/Saint Elizabeths 03/05/2018 12/31/2019 12/31/2019 35 Skyland Town Center 2646 Naylor Road SE Washington DC 20020 Under Construction 263 Anacosta/Garfield Heights 04/16/2018 12/31/2019 12/31/2019 36 Fuse 47 4700 Berwyn House Road College Park MD 20740 Under Construction 275 College Park 03/01/2016 12/31/2019 12/31/2019 37 900 Thayer Avenue 900 Thayer Avenue Silver Spring MD 20910 Under Construction 124 Downtown Silver Spring 09/24/2018 11/30/2019 11/30/2019 38 Parc Riverside Phase II 1010 Half Street SE Washington DC 20003 Under Construction 314 Barry Farms/Saint Elizabeths 03/05/2018 10/31/2019 10/31/2019 39 Lockwood 1339 E Street SE Washington DC 20003 Under Construction 145 04/16/2018 10/31/2019 10/31/2019 40 Glenarden Redevelopment 8405 Hamlin Street Lanham MD 20706 Under Construction 114 Seat Pleasant/Walker Mill 04/02/2018 10/31/2019 10/31/2019 41 1250 1250 Half Street SE Washington DC 20003 Under Construction 440 Barry Farms/Saint Elizabeths 02/01/2017 09/30/2019 09/30/2019 42 Rushmore, The 1230 Pennsylvania Avenue SE Washington DC 20003 Under Construction 117 Capitol Hill 01/07/2019 09/30/2019 09/30/2019 Elizabeth Taylor Medical Center Logan Circle/West Mount 43 Redevelopment 1701 14th Street NW Washington DC 20009 Under Construction 78 Vernon 03/26/2018 08/31/2019 08/31/2019 44 1401 Penn 1401 Pennsylvania Avenue SE Washington DC 20003 Under Construction 167 Anacosta/Garfield Heights 05/01/2018 07/31/2019 07/31/2019 45 Boathouse 2601 Virginia Avenue NW Washington DC 20037 Under Construction 250 West Foggy Bottom 09/04/2017 07/31/2019 07/31/2019 46 Yards Parcel L, The SWC 3rd Street SE & Tingey Street SE Washington DC 20003 Under Construction 270 Barry Farms/Saint Elizabeths 04/02/2018 07/31/2019 07/31/2019 47 1331 1331 Avenue SW Washington DC 20024 Under Construction 373 Barry Farms/Saint Elizabeths 08/21/2017 06/30/2019 06/30/2019 48 West Half 1201 Half Street SE Washington DC 20024 Under Construction 216 Barry Farms/Saint Elizabeths 09/04/2017 06/30/2019 06/30/2019 49 Atlantic Plumbing Parcel C 945 Florida Avenue NW Washington DC 20001 Under Construction 165 Brookland/South Petworth 09/11/2017 06/30/2019 06/30/2019 East Cleveland Park/Woodley 50 Glover House, The 2101 Wisconsin Avenue NW Washington DC 20007 Under Construction 225 Park 10/16/2017 06/30/2019 06/30/2019

Source: Yardi Matrix Washington D.C. 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 Brentwood/Trinidad/ 51 Jamison, The 3750 Jamison Street NE Washington DC 20018 Under Construction 236 Woodridge 08/01/2017 06/30/2019 06/30/2019 52 Carver Hall 211 Elm Street NW Washington DC 20001 Under Construction 62 Brookland/South Petworth 03/05/2018 05/31/2019 05/31/2019 53 Slowe Hall 1919 3rd Street NW Washington DC 20001 Under Construction 100 Brookland/South Petworth 03/05/2018 05/31/2019 05/31/2019 54 Parkview at Aspen Hill 3132 Bel Pre Road Silver Spring MD 20906 Under Construction 120 Aspen Hill/Roosmoor 02/05/2018 05/31/2019 05/31/2019 55 Guild, The 401 Tingey Street SE Washington DC 20003 Under Construction 191 Barry Farms/Saint Elizabeths 08/14/2017 04/30/2019 04/30/2019 Brentwood/Trinidad/ 56 RESA 22 M Street NE Washington DC 20002 Under Construction 326 Woodridge 10/01/2016 04/30/2019 04/30/2019 57 Residences at Siesta Key, The 15250 Siesta Key Way Rockville MD 20850 Under Construction 315 West Gaithersburg 12/04/2017 04/30/2019 04/30/2019 Brentwood/Trinidad/ 58 Highline at Union Market, The 320 Florida Avenue NE Washington DC 20002 Under Construction 318 Woodridge 08/28/2017 04/30/2019 04/30/2019 59 Clifton, The 1315 Clifton Street NW Washington DC 20009 Under Construction 156 Columbia Heights 12/04/2017 04/30/2019 04/30/2019 60 10 Van Street 10 Van Street SE Washington DC 20003 Under Construction 163 Barry Farms/Saint Elizabeths 06/01/2016 03/31/2019 03/31/2019 61 Solaire 8250 8250 Georgia Avenue Silver Spring MD 20910 Under Construction 338 Downtown Silver Spring 01/02/2017 03/31/2019 03/31/2019 62 Commons at Stanton Square, The 2375 Elvans Road SE Washington DC 20020 Under Construction 173 Anacosta/Garfield Heights 04/30/2017 03/31/2019 03/31/2019 63 Thayer and Spring 915 Thayer Avenue Silver Spring MD 20910 Under Construction 399 Downtown Silver Spring 12/12/2016 03/31/2019 03/31/2019 Total Under Construction 11,332 California/Leonardtown/Prince 64 Beechtree 120 Allnutt Court Prince Frederick MD 20678 Planned 249 Frederick 65 Amber Ridge 1600 Crain Hwy Bowie MD 20716 Planned 320 Bowie/Lake Arbor/Largo SEC Harry S Truman Drive & Largo Center 66 Crescents at Largo Town Center, The Drive Upper Marlboro MD 20774 Planned 352 Bowie/Lake Arbor/Largo 67 Melford Village Belair Drive & Kendale Lane Bowie MD 20471 Planned 388 Bowie/Lake Arbor/Largo 68 Woodmore Towne Center 9301 Woodmore Centre Drive Lanham MD 20706 Planned 922 Bowie/Lake Arbor/Largo 69 Cabin Branch Village Armstrong Lane & Ryon Road Upper Marlboro MD 20772 Planned 204 Forestville/Suitland 70 Cambridge Place at Westphalia 8711 Westphalia Road Upper Marlboro MD 20774 Planned 325 Forestville/Suitland 71 Town Square Silver Hill Road & Suitland Hill Road Suitland MD 20746 Planned 1,118 Forestville/Suitland 72 1319 South Capitol Street 1319 South Capitol Street SW Washington DC 20003 Planned 140 Barry Farms/Saint Elizabeths 73 300 M Street 300 M Street NE Washington DC 20002 Planned 401 Barry Farms/Saint Elizabeths 74 37 L Street SE 37 L Street SE Washington DC 20003 Planned 74 Barry Farms/Saint Elizabeths 75 816 - 820 Potomac Avenue SE 816 Potomac Avenue SE Washington DC 20003 Planned 75 Barry Farms/Saint Elizabeths

Source: Yardi Matrix Washington D.C. 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 76 Square 696 SWC First Street SE & I Street SE Washington DC 20003 Planned 818 Barry Farms/Saint Elizabeths 77 St. Elizabeth East Chapel Redevelopment 1100 Alabama Avenue SE Washington DC 20032 Planned 252 Barry Farms/Saint Elizabeths 78 Parkisde Jay Street NE & Kenilworth Avenue NE Washington DC 20019 Planned 191 Deanwood 79 Capitol Heights Metro Station Development Central Avenue & Davey Street Capitol Heights MD 20743 Planned 184 Seat Pleasant/Walker Mill Cheverly/Glenarden/Landover 80 New Carrollton Metrorail Station Corporate Drive & Garden City Drive Hyattsville MD 20785 Planned 260 Hills 81 Riverdale Park Station 6601 Baltimore Avenue Hyattsville MD 20782 Planned 855 West Greenbelt/East Riverdale Brentwood/Trinidad/ 82 1215 3rd Street 1215 3rd Street NE Washington DC 20002 Planned 416 Woodridge Brentwood/Trinidad/ 83 51 N Street NE 51 N Street NE Washington DC 20002 Planned 208 Woodridge Brentwood/Trinidad/ 84 Central Armature Works Redevelopment 1200 3rd Street NE Washington DC 20002 Planned 465 Woodridge Brentwood/Trinidad/ 85 Market Terminal 300 Morse Street NE Washington DC 20002 Planned 558 Woodridge Brentwood/Trinidad/ 86 NewCity DC 1923 New York Avenue NE Washington DC 20002 Planned 422 Woodridge Brentwood/Trinidad/ 87 RIA Block 7 & 8 14th Street NE & Downing Street NE Washington DC 22018 Planned 331 Woodridge Brentwood/Trinidad/ 88 Storey Park Flats 1005 1st Street NE Washington DC 20002 Planned 300 Woodridge 89 2009 8th Street 2009 8th Street NW Washington DC 20001 Planned 132 Brookland/South Petworth 90 Martha's Table Redevelopment 2129 14th Street NW Washington DC 20009 Planned 241 Brookland/South Petworth 91 McMillan Reservoir Senior 2501 1st Street NW Washington DC 20001 Planned 120 Brookland/South Petworth 92 Rhode Island Center Redevelopment 680 Rhode Island Avenue NE Washington DC 20002 Planned 345 Brookland/South Petworth 93 St. Paul’s College Redevelopment 3015 4th Street NE Washington DC 20017 Planned 78 Brookland/South Petworth 94 Vue, The 3333 Georgia Avenue NW Washington DC 20010 Planned 112 Brookland/South Petworth 95 5th & I Street 901 5th Street NW Washington DC 20001 Planned 52 North Capitol 96 618 I Street 618 I Street NW Washington DC 20001 Planned 140 Logan Circle/West Mount 97 8th & O 1336 8th Street NW Washington DC 20001 Planned 72 Vernon Georgetown/Wesley Heights/ 98 3401 Water Street NW 3401 Water Street NW Washington DC 20007 Planned 54 South West Cleveland Park/Wisconsin 99 4000 Wisconsin 4000 Wisconsin Avenue NW Washington DC 20016 Planned 716 Avenue Corridor Adams Morgan/North Dupont 100 Meridian Hill Park 2300 16th Street NW Washington DC 20009 Planned 111 Circle Source: Yardi Matrix Washington D.C. 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 NWC South Dakota Avenue NE & Galloway Brightwood/16th Street 101 Modern at Art Place Phase II, The Street NE Washington DC 20011 Planned 400 Heights 102 Riverfront at West Hyattsville, The 5620 Ager Road Hyattsville MD 20782 Planned 358 Chillum/Queens Chapel 103 Elizabeth Square 1315 Apple Avenue Silver Spring MD 20910 Planned 117 Downtown Silver Spring 104 Landy 6790 Belcrest Road Hyattsville MD 20782 Planned 331 College Park 105 Metro II Residential Conversion 3700 East-West Hwy Hyattsville MD 20782 Planned 311 College Park 106 Southern Gateway 7200 Baltimore Avenue College Park MD 20740 Planned 393 College Park 107 Ambassador Redevelopment 2715 University Blvd West Silver Spring MD 20902 Planned 60 Wheaton 108 1900 Chapman Avenue Phase II 1900 Chapman Avenue Rockville MD 20852 Planned 61 East Rockville 109 Gables Pike District 11565 Old Georgetown Road Rockville MD 20852 Planned 475 East Rockville 110 HarborChase of Rockville 25 West Gude Drive Rockville MD 20850 Planned 150 East Rockville 111 Saul Centers East NEC Nicholson Lane & Rockville Pike White Flint MD 20852 Planned 710 East Rockville 112 Saul Centers West SWC Marinelli Road & Rockville Pike White Flint MD 20852 Planned 720 East Rockville 113 Twinbrook Quarter 1500 Rockville Pike White Flint MD 20852 Planned 330 East Rockville 114 Westside at Shady Grove Metro Phase II Crabbs Branch Way & Shady Grove Road Rockville MD 20855 Planned 781 East Gaithersburg/Redland 115 Corcoran 65 I Street SW Washington DC 20024 Planned 485 Barry Farms/Saint Elizabeths 116 DC Water Redevelopment 1400 1st Street SE Washington DC 20003 Planned 190 Barry Farms/Saint Elizabeths 117 Kiley 301 G Street SW Washington DC 20024 Planned 315 Barry Farms/Saint Elizabeths 118 Reunion Square 2255 Martin Luther King Jr Avenue SE Washington DC 20020 Planned 71 Anacosta/Garfield Heights 119 Walk in the Woodlands Daisy Lane & Glenn Dale Blvd Glenn Dale MD 20769 Planned 252 Goddard/Glenn Dale Brentwood/Trinidad/ 120 301 Florida Avenue 301 Florida Avenue NE Washington DC 20002 Planned 56 Woodridge Brentwood/Trinidad/ 121 500 Morse Street NE 500 Morse Street NE Washington DC 20002 Planned 280 Woodridge Brentwood/Trinidad/ 122 City View 2850 Douglas Street NE Washington DC 20018 Planned 58 Woodridge Brentwood/Trinidad/ 123 Eckington Yards Eckington Place NE & Q Street NE Washington DC 20002 Planned 682 Woodridge Brentwood/Trinidad/ 124 Valvaere, The 1625 Benning Road NE Washington DC 20002 Planned 301 Woodridge 125 3400 Georgia Avenue NW 3400 Georgia Avenue NW Washington DC 20010 Planned 100 Brookland/South Petworth 126 901 Monroe 901 Monroe Street NE Washington DC 20017 Planned 213 Brookland/South Petworth

Source: Yardi Matrix Washington D.C. 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 SWC Michigan Avenue NW & North Capitol 127 McMillan Street NW Washington DC 20002 Planned 250 Brookland/South Petworth 128 Spring Flats Senior 1125 Spring Road NW Washington DC 20010 Planned 187 Brookland/South Petworth 129 Cantata, The 801 3rd Street NW Washington DC 20001 Planned 324 North Capitol Georgetown/Wesley Heights/ 130 Broadcast, The 4620 Wisconsin Avenue NW Washington DC 20016 Planned 146 South Glover Park West Cleveland Park/Wisconsin 131 Fannie Mae Redevelopment 3900 Wisconsin Avenue NW Washington DC 20016 Planned 652 Avenue Corridor Adams Morgan/North Dupont 132 16th & Columbia 1630 Columbia Road NW Washington DC 20009 Planned 176 Circle Brightwood/16th Street 133 Parks at Walter Reed, The Aspen Street NW & Georgia Avenue NW Washington DC 20012 Planned 301 Heights 134 Willow Manor at Fairland 3310 Briggs Chaney Road Silver Spring MD 20904 Planned 121 Fairland 135 2424 Reedie Drive 2424 Reedie Drive Wheaton MD 20902 Planned 204 Wheaton 136 East Village 5516 Nicholson Lane North Bethesda MD 20895 Planned 382 Chevy Chase/Potomac 137 East Village Phase II 5516 Nicholson Lane North Bethesda MD 20895 Planned 232 Chevy Chase/Potomac 138 Ourisman Ford Montgomery Mall 10401 Motor City Drive Bethesda MD 20817 Planned 343 Chevy Chase/Potomac 139 Claiborne, The 4915 Auburn Avenue Bethesda MD 20814 Planned 180 Downtown Bethesda Privacy World at Glenmont Metrocentre 140 Redevelopment NWC Georgia Avenue & Layhill Road Silver Spring MD 20906 Planned 260 Aspen Hill/Roosmoor 141 Avalon at Twinbrook Station 12720 Twinbrook Pkwy Rockville MD 20852 Planned 238 East Rockville 142 Rockville Town Center Phase II East Middle Lane & Monroe Street Rockville MD 20850 Planned 400 East Rockville 143 Cabin Branch 22551 Cabin Branch Avenue Boyds MD 20841 Planned 272 West Gaithersburg 144 Kentlands 913 Quince Orchard Road Gaithersburg MD 20878 Planned 365 West Gaithersburg Total Planned 25,234 145 East Run Chancellors Run Road & Great Mills Road Great Mills MD 20634 Prospective 260 Lexington Park California/Leonardtown/Prince 146 Armory Square Armory Road & Dares Beach Road Prince Frederick MD 20678 Prospective 570 Frederick SWC Cambridge Place & North Prince Frederick California/Leonardtown/Prince 147 Chapline South Blvd Prince Frederick MD 20678 Prospective 174 Frederick 148 Heritage Green SEC Rosewick Road & Washington Avenue La Plata MD 20646 Prospective 800 St. Charles/Waldorf 149 Villages at Timothy Branch, The Brandywine Road & Short Cut Road Brandywine MD 20613 Prospective 1,200 St. Charles/Waldorf Camp Springs/Fort 150 Allentown Andrews Gateway Center 6011 Allentown Road Suitland MD 20746 Prospective 60 Washington/South Glassmanor

Source: Yardi Matrix Washington D.C. 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 Camp Springs/Fort 151 Brinkley Manor Redevelopment 3022 Brinkley Road Temple Hills MD 20748 Prospective 125 Washington/South Glassmanor 152 210 on the Park 210 Maryland Drive Upper Marlboro MD 20772 Prospective 113 Bowie/Lake Arbor/Largo 153 Ascend Apollo Phases II - IV 9400 Grand Blvd Largo MD 20774 Prospective 1,142 Bowie/Lake Arbor/Largo 154 Bowie Marketplace Annapolis Road & Superior Lane Bowie MD 20715 Prospective 225 Bowie/Lake Arbor/Largo 155 Karington SWC Central Avenue & Crain Hwy Upper Marlboro MD 20774 Prospective 610 Bowie/Lake Arbor/Largo 156 Lottsford Road Senior Landover Road & Lottsford Road Lake Arbor MD 20774 Prospective 210 Bowie/Lake Arbor/Largo 157 Willowbrook Leeland Road & Oak Grove Road Upper Marlboro MD 20774 Prospective 136 Bowie/Lake Arbor/Largo 158 D'Arcy Park North NEC Capital Beltway & D'Arcy Road Upper Marlboro MD 20774 Prospective 168 Forestville/Suitland 159 D'Arcy Park South SEC Capital Beltway & D'Arcy Road Upper Marlboro MD 20774 Prospective 176 Forestville/Suitland 160 Naylor Road Metro Station 3300 Branch Avenue Temple Hills MD 20748 Prospective 220 Forestville/Suitland 161 Suitland Silver Hill Road & Sunset Lane Suitland MD 20746 Prospective 200 Forestville/Suitland 162 Suitland Gateway 5003 Silver Hill Road Suitland MD 20746 Prospective 271 Forestville/Suitland 163 Westphalia Town Center Pennsylvania Avenue & Suitland Pkwy Upper Marlboro MD 20772 Prospective 400 Forestville/Suitland 164 Westphalia Town Center Phase II Pennsylvania Avenue & Suitland Pkwy Upper Marlboro MD 20772 Prospective 484 Forestville/Suitland Hillcrest Heights/Marlow 165 Oxford, The Livingston Road & Oxon Hill Road Oxon Hill MD 20745 Prospective 195 Heights/North Glassmanor Congress Heights/Congress 166 Congress Heights Metro SEC 13th Street SE & Alabama Avenue SE Washington DC 20032 Prospective 215 Park Congress Heights/Congress 167 Shops at Park Village Redevelopment, The 1535 Alabama Avenue SE Washington DC 20032 Prospective 250 Park Congress Heights/Congress 168 Southern Hills Redevelopment 4335 4th Street SE Washington DC 20032 Prospective 255 Park 169 816 - 820 Potomac Avenue SE Phase II 816 Potomac Avenue SE Washington DC 20003 Prospective 50 Barry Farms/Saint Elizabeths 170 861 New Jersey 861 New Jersey Avenue SE Washington DC 20003 Prospective 100 Barry Farms/Saint Elizabeths 171 950 South 950 South Capitol Street SE Washington DC 20003 Prospective 300 Barry Farms/Saint Elizabeths 172 Bard, The 501 I Street SW Washington DC 20024 Prospective 110 Barry Farms/Saint Elizabeths 173 Crescent Capitol View Phase II 2 I Street SE Washington DC 20003 Prospective 168 Barry Farms/Saint Elizabeths 174 Greenleaf Redevelopment 203 N Street SW Washington DC 20024 Prospective 500 Barry Farms/Saint Elizabeths 175 Square 740 1000 1st Street SE Washington DC 20003 Prospective 275 Barry Farms/Saint Elizabeths 176 Waterfront Station West Building 425 M Street SW Washington DC 20024 Prospective 604 Barry Farms/Saint Elizabeths 177 Yards West SEC 1st Street SE & N Street SE Washington DC 20003 Prospective 348 Barry Farms/Saint Elizabeths

Source: Yardi Matrix Washington D.C. 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 178 1333 M Street SE 1333 M Street SE Washington DC 20003 Prospective 218 Anacosta/Garfield Heights 179 1333 M Street SE Phase II 1333 M Street SE Washington DC 20003 Prospective 133 Anacosta/Garfield Heights 180 1333 M Street SE Phase III 1333 M Street SE Washington DC 20003 Prospective 234 Anacosta/Garfield Heights 181 1333 M Street SE Phase IV 1333 M Street SE Washington DC 20003 Prospective 88 Anacosta/Garfield Heights 182 Skyland Town Center Phase II 2646 Naylor Road SE Washington DC 20020 Prospective 217 Anacosta/Garfield Heights 183 Terrace Manor Renovation 3347 23rd Street SE Washington DC 20020 Prospective 128 Anacosta/Garfield Heights Park/Marshall 184 Penn Hill 3200 Pennsylvania Avenue SE Washington DC 20020 Prospective 150 Heights 185 Deanwood Metro 4880 Minnesota Avenue NE Washington DC 20019 Prospective 138 Deanwood 186 East River Park Redevelopment 322 40th Street NE Washington DC 20019 Prospective 100 Deanwood 187 Kenilworth Courts Redevelopment 4500 Quarles Street NE Washington DC 20019 Prospective 292 Deanwood 188 Lincoln Heights Redevelopment 500 50th Street NE Washington DC 20019 Prospective 442 Deanwood Senator Square Shopping Center 189 Redevelopment 3924 Minnesota Avenue NE Washington DC 20019 Prospective 100 Deanwood 190 Addison Row NEC Addison Road & North Englewood Drive Capitol Heights MD 20743 Prospective 940 Seat Pleasant/Walker Mill 191 Ascent, The Davey Street & Southern Avenue SE Capitol Heights MD 20019 Prospective 300 Seat Pleasant/Walker Mill 192 Glenarden Phase III 8405 Hamlin Street Lanham MD 20706 Prospective 256 Seat Pleasant/Walker Mill 193 Glenwood Hills Addison Road South & Central Avenue Capitol Heights MD 20743 Prospective 386 Seat Pleasant/Walker Mill 194 Landover Crossing 1990 Brightseat Road Landover MD 20785 Prospective 372 Seat Pleasant/Walker Mill 195 Metro City 1000 Rollins Avenue Capitol Heights MD 20743 Prospective 961 Seat Pleasant/Walker Mill 196 Morgan Boulevard Metro Station 300 Garrett A. Morgan Blvd Hyattsville MD 20785 Prospective 700 Seat Pleasant/Walker Mill Cheverly/Glenarden/Landover 197 Remy, The Phase II 7709 Cross Street Lanham MD 20706 Prospective 2,000 Hills 198 4301 River Road 4301 River Road College Park MD 20740 Prospective 370 West Greenbelt/East Riverdale 199 River Road & Paint Branch Pkwy 7201 River Road College Park MD 20740 Prospective 440 West Greenbelt/East Riverdale 200 4310 Gallatin Street 4310 Gallatin Street Hyattsville MD 20781 Prospective 126 Bladensburg/Riverdale Park 201 Mt. Rainier Gateway 3200 Rhode Island Avenue Mount Rainier MD 20712 Prospective 185 Bladensburg/Riverdale Park 202 Rail Yard, The 4501 Longfellow Street Hyattsville MD 20781 Prospective 260 Bladensburg/Riverdale Park Brentwood/Trinidad/ 203 1109 Congress Street 1109 Congress Street NE Washington DC 20002 Prospective 62 Woodridge Brentwood/Trinidad/ 204 1338 H Street NE 1338 H Street NE Washington DC 20002 Prospective 50 Woodridge

Source: Yardi Matrix Washington D.C. 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 Brentwood/Trinidad/ 205 1400 Montana Avenue NE 1400 Montana Avenue NE Washington DC 20018 Prospective 108 Woodridge Brentwood/Trinidad/ 206 1509 Capitol Street 1509 Capitol Street NE Washington DC 20002 Prospective 139 Woodridge Brentwood/Trinidad/ 207 1701 H Street 1701 H Street NE Washington DC 20002 Prospective 180 Woodridge Brentwood/Trinidad/ 208 18-24 P Street 22 P Street NE Washington DC 20002 Prospective 200 Woodridge Brentwood/Trinidad/ 209 301 N Street 301 N Street NE Washington DC 20002 Prospective 275 Woodridge Brentwood/Trinidad/ 210 35 New York Avenue 35 New York Avenue NE Washington DC 20001 Prospective 100 Woodridge Brentwood/Trinidad/ 211 40 Patterson Street NE 40 Patterson Street NE Washington DC 20002 Prospective 310 Woodridge Brentwood/Trinidad/ 212 400 Florida Avenue 400 Florida Avenue NE Washington DC 20002 Prospective 110 Woodridge Brentwood/Trinidad/ 213 Burnham Place at Union Station 100 Columbus Circle NE Washington DC 20002 Prospective 300 Woodridge Brentwood/Trinidad/ 214 Crummell School Redevelopment 1900 Gallaudet Street NE Washington DC 20002 Prospective 320 Woodridge Brentwood/Trinidad/ 215 Florida Avenue 1 Florida Avenue NE Washington DC 20002 Prospective 380 Woodridge Brentwood/Trinidad/ 216 Kendall Street & New York Avenue Kendall Street & New York Avenue NE Washington DC 20002 Prospective 300 Woodridge Brentwood/Trinidad/ 217 Market Terminal Phase II 300 Morse Street NE Washington DC 20002 Prospective 445 Woodridge Brentwood/Trinidad/ 218 RIA Block 1 2413 14th Street NE Washington DC 20018 Prospective 347 Woodridge Brentwood/Trinidad/ 219 RIA Block 2 14th Street NE & Downing Street NE Washington DC 20018 Prospective 355 Woodridge Brentwood/Trinidad/ 220 RIA Block 3 14th Street NE & Downing Street NE Washington DC 20018 Prospective 214 Woodridge Brentwood/Trinidad/ 221 RIA Block 4 14th Street NE & Downing Street NE Washington DC 22018 Prospective 196 Woodridge Brentwood/Trinidad/ 222 RIA Block 5 14th Street NE & Downing Street NE Washington DC 22018 Prospective 140 Woodridge Brentwood/Trinidad/ 223 RIA Block 6 14th Street NE & Downing Street NE Washington DC 20018 Prospective 146 Woodridge Brentwood/Trinidad/ 224 Shapiro North 1300 4th Street NE Washington DC 20002 Prospective 134 Woodridge 225 Beckert’s Park 414 14th Street SE Washington DC 20003 Prospective 325 Capitol Hill 226 Yards Phase II, The E Street SE & New Jersey Avenue SE Washington DC 20003 Prospective 1,200 Capitol Hill

Source: Yardi Matrix Washington D.C. 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 227 2213 14th 2213 14th Street NW Washington DC 20009 Prospective 56 Brookland/South Petworth 228 3135 8th Avenue 3135 8th Avenue NE Washington DC 20017 Prospective 371 Brookland/South Petworth 229 3212 Georgia Avenue NW 3212 Georgia Avenue NW Washington DC 20010 Prospective 105 Brookland/South Petworth 230 Brookland - CUA Metro Station North Parcel NEC 9th Street NE & Bunker Hill Road NE Washington DC 20017 Prospective 100 Brookland/South Petworth 231 Brookland - CUA Metro Station South Parcel SEC 9th Street NE & Bunker Hill Road NE Washington DC 20017 Prospective 150 Brookland/South Petworth 232 Brookland Square 1300 Rhode Island Avenue NE Washington DC 20018 Prospective 263 Brookland/South Petworth 233 Bryant Street Mixed-Use Development 1st Street NW & Bryant Street NW Washington DC 20001 Prospective 490 Brookland/South Petworth Bryant Street Mixed-Use Development Phase 234 II 1st Street NW & Bryant Street NW Washington DC 20001 Prospective 1,160 Brookland/South Petworth 235 Lamont, The 650 Lamont Street NW Washington DC 20010 Prospective 91 Brookland/South Petworth 236 Park Morton Phase II 600 Park Road NW Washington DC 20010 Prospective 142 Brookland/South Petworth 237 Petworth Place Phase II 960 Randolph Street NW Washington DC 20011 Prospective 50 Brookland/South Petworth 238 Residence Inn Irving Street NE & Michigan Avenue NE Washington DC 20017 Prospective 100 Brookland/South Petworth 239 Rhode Island Avenue 900 Rhode Island Avenue NE Washington DC 20018 Prospective 100 Brookland/South Petworth Rhode Island Center Redevelopment Phases 240 II - VI Rhode Island Avenue NE & 4th Street NE Washington DC 20002 Prospective 1,210 Brookland/South Petworth 241 Washington Global Trade Center 4th Street NW & K Street NW Washington DC 20001 Prospective 200 North Capitol 242 Canterbury 704 3rd Street NW Washington DC 20001 Prospective 65 Penn Quarter Logan Circle/West Mount 243 Blagden, The 917 M Street NW Washington DC 20001 Prospective 123 Vernon South 16th Street/Scott Circle 244 15th Street 1733 16th Street NW Washington DC 20009 Prospective 150 Corridor 245 22nd Street 515 22nd Street NW Washington DC 20037 Prospective 153 East Foggy Bottom Georgetown/Wesley Heights/ 246 Georgetown Day School 4203 Davenport Street NW Washington DC 20016 Prospective 350 South Glover Park East Cleveland Park/Woodley 247 Sam's Park Redevelopment 3529 Connecticut Avenue NW Washington DC 20008 Prospective 50 Park North Connecticut Avenue 248 Residences at 7828 Georgia Avenue, The 7828 Georgia Avenue NW Washington DC 20012 Prospective 220 Corridor/Shepard Park Brightwood/16th Street 249 218 Vine Street 218 Vine Street NW Washington DC 20012 Prospective 114 Heights Brightwood/16th Street 250 22-24 Kennedy Street 22 Kennedy Street NW Washington DC 20011 Prospective 70 Heights Brightwood/16th Street 251 Fort Totten Metro 5297 1st Place NE Washington DC 20011 Prospective 345 Heights

Source: Yardi Matrix Washington D.C. 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 Brightwood/16th Street 252 Maple & Vine Maple Street NW & Vine Street NW Washington DC 20012 Prospective 75 Heights Brightwood/16th Street 253 Takoma Metro 7042 Eastern Avenue NW Takoma Park DC 20912 Prospective 200 Heights 254 Boulevard on Newell 8001 Newell Street Silver Spring MD 20910 Prospective 187 Downtown Silver Spring 255 Elizabeth Square Phase IV 1315 Apple Avenue Silver Spring MD 20910 Prospective 334 Downtown Silver Spring 256 Guardian Building, The 8605 Cameron Street Silver Spring MD 20910 Prospective 177 Downtown Silver Spring 257 Pearl Phase II, The 8107 Eastern Avenue Silver Spring MD 20910 Prospective 893 Downtown Silver Spring 258 Silver Spring Transit Station SWC Colesville Road & Ramsey Avenue Silver Spring MD 20910 Prospective 250 Downtown Silver Spring 259 Solaire Silver Springs Phase II 1150 Ripley Street Silver Spring MD 20910 Prospective 420 Downtown Silver Spring 260 Enclave at 8700 Phase II, The 8700 Baltimore Avenue College Park MD 20740 Prospective 94 College Park 261 Landy Phase II Belcrest Road & Toledo Terrace Hyattsville MD 20782 Prospective 400 College Park 262 Liberty Place 14th Avenue & Langley Way Hyattsville MD 20783 Prospective 178 College Park 263 100 Main Street 100 Main Street Laurel MD 20707 Prospective 200 Beltsville/Laurel/South Laurel 264 Konterra Town Center I-95 & Contee Road Laurel MD 20707 Prospective 300 Beltsville/Laurel/South Laurel 265 Viva White Oak Old Columbia Pike & Sherview Lane Silver Spring MD 20904 Prospective 5,000 Fairland 266 White Oak Town Center 12345 Columbia Pike Silver Spring MD 20904 Prospective 275 Fairland 267 10450 Metropolitan 10450 Metropolitan Avenue Kensington MD 20895 Prospective 170 Chevy Chase/Potomac 268 Connecticut Avenue & Manor Road Phase II 8507 Connecticut Avenue Chevy Chase MD 20815 Prospective 183 Chevy Chase/Potomac 269 Grosvenor - Strathmore 5301 Tuckerman Lane North Bethesda MD 20852 Prospective 550 Chevy Chase/Potomac 270 Kensington Manor 3910 Knowles Avenue Kensington MD 20895 Prospective 94 Chevy Chase/Potomac 271 Lindley Phase II, The 3719 Chevy Chase Lake Drive Chevy Chase MD 20815 Prospective 50 Chevy Chase/Potomac 272 Lindley Phase III, The 8401 Connecticut Avenue Chevy Chase MD 20815 Prospective 50 Chevy Chase/Potomac 273 North Bethesda Market II 11428 Rockville Pike Rockville MD 20852 Prospective 414 Chevy Chase/Potomac 274 Pooks Hill 5151 Pooks Hill Road Bethesda MD 20814 Prospective 625 Chevy Chase/Potomac 275 Pooks Hill Phase II 5151 Pooks Hill Road Bethesda MD 20814 Prospective 325 Chevy Chase/Potomac 276 Potomac Woods 11511 Fortune Terrace Potomac MD 20854 Prospective 454 Chevy Chase/Potomac Residences at Capital Crescent Trail Phase II, 277 The 5325 Westbard Avenue Bethesda MD 20816 Prospective 100 Chevy Chase/Potomac 278 Tower Oaks Preserve Pkwy & Tower Oaks Blvd Rockville MD 20852 Prospective 128 Chevy Chase/Potomac

Source: Yardi Matrix Washington D.C. 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 279 Westbard Redevelopment 5400 Westbard Avenue Bethesda MD 20816 Prospective 410 Chevy Chase/Potomac 280 Westfield Montgomery Mall Redevelopment 7103 Democracy Blvd Bethesda MD 20817 Prospective 360 Chevy Chase/Potomac Westfield Montgomery Mall Redevelopment 281 Phase II 7103 Democracy Blvd Bethesda MD 20817 Prospective 300 Chevy Chase/Potomac 282 White Flint 11301 Rockville Pike Kensington MD 20895 Prospective 1,200 Chevy Chase/Potomac 283 White Flint Phase II 11301 Rockville Pike Kensington MD 20895 Prospective 1,300 Chevy Chase/Potomac 284 4 Bethesda Metro Center Old Georgetown Road & Wisconsin Avenue Bethesda MD 20814 Prospective 600 Downtown Bethesda 285 5020 Battery Lane 5020 Battery Lane Bethesda MD 20814 Prospective 280 Downtown Bethesda 286 7121 Wisconsin Avenue 7121 Wisconsin Avenue Bethesda MD 20814 Prospective 189 Downtown Bethesda 287 7126 Wisconsin Avenue 7126 Wisconsin Avenue Bethesda MD 20827 Prospective 260 Downtown Bethesda 288 7607 Old Georgetown 7607 Old Georgetown Road Bethesda MD 20814 Prospective 200 Downtown Bethesda 289 7900 Wisconsin Avenue 7900 Wisconsin Avenue Bethesda MD 20814 Prospective 475 Downtown Bethesda 290 Arlington Road 7810 Arlington Road Bethesda MD 20814 Prospective 235 Downtown Bethesda 291 Bethesda Gateway East West Hwy & Montgomery Avenue Bethesda MD 20814 Prospective 171 Downtown Bethesda 292 Edgemont at Bethesda Metro Phase II 4903 Edgemoor Lane Bethesda MD 20814 Prospective 160 Downtown Bethesda 293 Metro Tower 7316 Wisconsin Avenue Bethesda MD 20814 Prospective 390 Downtown Bethesda 294 St. Elmo 4922 St. Elmo Avenue Bethesda MD 20814 Prospective 240 Downtown Bethesda 295 Waverly Garage Redevelopment 7401 Waverly Street Bethesda MD 20814 Prospective 100 Downtown Bethesda 296 Twinbrook Metro Place Block A 1592 Rockville Pike Rockville MD 20852 Prospective 407 East Rockville 297 Twinbrook Metroplace 11520 Rockville Pike Rockville MD 20852 Prospective 229 East Rockville 298 Residences at Olde Towne 48 West Diamond Avenue Gaithersburg MD 20877 Prospective 191 East Gaithersburg/Redland Germantown/Montgomery 299 Azalea, The 120 Paramount Park Drive Gaithersburg MD 20879 Prospective 100 Village Germantown/Montgomery 300 Black Hills Germantown 20701 Crystal Rock Drive Germantown MD 20874 Prospective 1,618 Village Germantown/Montgomery 301 Fairchild Aircraft Drive & Century Blvd Germantown MD 20874 Prospective 212 Village Germantown/Montgomery 302 Poplar Grove Centrury Blvd & Crystal Rock Drive Germantown MD 20874 Prospective 540 Village 303 Comsat Property 22300 Comsat Drive Clarksburg MD 20871 Prospective 500 West Gaithersburg 304 Crown Farm 10000 Fields Road Gaithersburg MD 20878 Prospective 600 West Gaithersburg 305 Rio Washingtonian Center 9811 Washingtonian Blvd Gaithersburg MD 20878 Prospective 1,145 West Gaithersburg

Source: Yardi Matrix Washington D.C. 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 306 Elms at Clarksburg Village Phase III 12200 Elm Forest Court Clarksburg MD 20871 Prospective 300 Olney 307 St. Annes 25100 Ridge Road Damascus MD 20872 Prospective 76 Olney 308 Victory Haven 9700 Main Street Damascus MD 20872 Prospective 72 Olney Congress Heights/Congress 309 Archer Park Phase II 1200 Mississippi Avenue SE Washington DC 20032 Prospective 74 Park 310 1000 South Capitol Street 1000 South Capitol Street SE Washington DC 20003 Prospective 250 Barry Farms/Saint Elizabeths 311 300 K Street SW 300 K Street SW Washington DC 20024 Prospective 356 Barry Farms/Saint Elizabeths 312 Poplar Point 900 Howard Road SE Washington DC 20020 Prospective 700 Barry Farms/Saint Elizabeths 313 Reunion Square Phase II 2001 Martin Luther King Jr. Avenue SE Washington DC 20020 Prospective 131 Anacosta/Garfield Heights Fort Dupont Park/Marshall 314 Meadow Green Courts Redevelopment 3539 A Street SE Washington DC 20019 Prospective 499 Heights 315 Nannie Helen Burroughs Avenue 5110 Nannie Helen Burroughs Avenue NE Washington DC 20019 Prospective 183 Deanwood 316 Glenarden Phase II 8405 Hamlin Street Lanham MD 20706 Prospective 55 Seat Pleasant/Walker Mill Brentwood/Trinidad/ 317 500 Penn Street 500 Penn Street NE Washington DC 20002 Prospective 300 Woodridge Brentwood/Trinidad/ 318 Eckington Park 105 Harry Thomas Way Washington DC 20001 Prospective 328 Woodridge Brentwood/Trinidad/ 319 Gallaudet University 6th Street 6th Street NE & Neal Place NE Washington DC 20002 Prospective 1,800 Woodridge Brentwood/Trinidad/ 320 Temple Courts North Capitol Street NW & K Street NW Washington DC 20001 Prospective 517 Woodridge 321 Bruce Monroe Elementary School Georgia Avenue & Irving Street Washington DC 20010 Prospective 273 Brookland/South Petworth 322 Grimke School Redevelopment 1925 Vermont Avenue NW Washington DC 20001 Prospective 50 Brookland/South Petworth 323 Park Morton Redevelopment 617 Morton Street NW Washington DC 20010 Prospective 273 Brookland/South Petworth 324 Ellis, The 7th Street NW & Rhode Island Avenue NW Washington DC 20001 Prospective 118 North Capitol 325 Sursum Corda Redevelopment SEC 1st Street NW & M Street NW Washington DC 20001 Prospective 1,142 North Capitol Georgetown/Wesley Heights/ 326 Ladybird, The 4330 48th Street NW Washington DC 20016 Prospective 219 South Glover Park North Connecticut Avenue 327 5151 Wisconsin Avenue NW 5151 Wisconsin Avenue NW Washington DC 20016 Prospective 280 Corridor/Shepard Park 328 850 Sligo Avenue 850 Sligo Avenue Silver Spring MD 20910 Prospective 85 Downtown Silver Spring 329 8787 Georgia Avenue 8787 Georgia Avenue Wheaton MD 20910 Prospective 360 Downtown Silver Spring 330 Falkland Chase Redevelopment 8305 16th Street Silver Spring MD 20910 Prospective 366 Downtown Silver Spring 331 Silver Spring Park 8115 Fenton Street Silver Spring MD 20910 Prospective 58 Downtown Silver Spring

Source: Yardi Matrix Washington D.C. 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 332 Studio Plaza Phase II 950 Thayer Avenue Silver Spring MD 20910 Prospective 340 Downtown Silver Spring 333 Holly Hill Redevelopment 10110 New Hampshire Avenue Silver Spring MD 20903 Prospective 500 East Silver Spring/White Oak 334 Rock Spring Centre Old Georgetown Road & Rock Spring Drive Bethesda MD 20815 Prospective 161 Chevy Chase/Potomac 335 Wildwood Democracy Blvd & Old Georgetown Road Bethesda MD 20814 Prospective 60 Chevy Chase/Potomac 336 4540 Montgomery 4540 Montgomery Avenue Bethesda MD 20814 Prospective 100 Downtown Bethesda 337 7340 Wisconsin Avenue 7340 Wisconsin Avenue Bethesda MD 20814 Prospective 225 Downtown Bethesda 338 7820 Wisconsin Avenue 7820 Wisconsin Avenue Bethesda MD 20814 Prospective 390 Downtown Bethesda 339 Artena 8009 Woodmont Avenue Bethesda MD 20814 Prospective 460 Downtown Bethesda 340 Rockville Metro Plaza 220 East Middle Lane Rockville MD 20850 Prospective 240 East Rockville 341 White Flint View 5511 Nicholson Lane North Bethesda MD 20852 Prospective 193 East Rockville 342 Emory Grove Village Redevelopment 8211 Morningview Drive Gaithersburg MD 20877 Prospective 50 East Gaithersburg/Redland Total Prospective 69,136 TOTAL WASHINGTON D.C. 110,227

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