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Atlanta - Urban New Construction & Proposed Multifamily Projects 2Q19

23 190 132 150 131 57 134 28 135 1 48

133

69

ID PROPERTY UNITS 1 Cortland Decatur East 288 114 Total Lease Up 288 187 23 Avondale Hills 408 28 Callaway Building 329 44 Creekside Forest Redevelopment 276 48 Manor at Indian Creek Senior Phase II 94 Total Under Construction 1,107

54 Abbington Reserve 238 57 Alexan Gateway 290 44 69 Spring Pointe Redevelopment 65 Total Planned 593

114 Woodbine Avenue 340 54 Bank of America Building 131 Redevelopment 203 132 North Arcadia Development 289 133 Covington Highway 58 134 Farrar Court & Mountain Drive 100 135 Phoenix Station 244 150 Fenner Dunlop Property 200 187 Columbia Fayetteville 108 190 163 Clairemont 232 Total Prospective 1,774 2000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective - Urban New Construction & Proposed Multifamily Projects 2Q19

66 Gartrell Courts 261 67 StudioPlex Hotel 56 85 161 345 86 Avery, The 180 87 Downtown West Redevelopment 239 89 Castleberry Park 130 90 Gulch, The 1,000 91 University Commons 239 92 Walton Eastside 400 85 Total Planned 3,857

106 4 101 222 Mitchell Street 205 64 67 102 240 Grant Street 297 40 103 41 Marietta St 131 91 103 65 105 Edgewood Center II 50 87 106 Luckie Street 100 185 105 13 Norfolk Southern Complex 89 90 107 Redevelopment 246 66 112 930 Mauldin Street 143 107 101 53 86 Atlanta Constitution Building at 185 Five Points 112 Total Prospective 1,284 92

35 112 102 ID PROPERTY UNITS 26 2 Alta Dairies 312 4 Mix, The 228 13 Edge 350 2 21 Total Lease Up 890

21 Madison Yards 607 56 25 Avila Glenwood 201 55 26 Modera Reynoldstown 320 35 Ashley Scholar's Landing 135 40 Bethel Towers Redevelopment 182 Total Under Construction 1,445 25

53 100 55 Link Apartments Grant Park 246 56 Link Grant Park 246 64 220 John Wesley Dobbs Avenue NE 321

65 Auburn 94 1000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Atlanta - Urban New Construction & Proposed Multifamily Projects 2Q19

ID PROPERTY UNITS 157 Tower Place 297 158 99 West Paces Ferry Road NW 313 3 Modera 399 159 99 West Paces Ferry Road 7 Sutton Buckhead, The 151 186 NW Phase II 80 8 Northlake Senior 90 160 Buckhead West Village 175 9 Newbergh ATL 258 161 Peachtree Battle 262 10 Ashley Gables Buckhead, The 325 162 3261 Roswell Road 90 11 Solis Decatur 290 163 340 East Paces Ferry Road 408 14 Accent Morningside 239 164 Amli Flatiron 271 Total Lease Up 1,752 165 Crescent Lenox 352 166 Phase II 374 18 Point on Scott Phase II 400 167 Bramblewood Homes 197 24 Vue at the Quarter 271 168 Lenox 188 29 Oleander 348 169 Bainbridge Chamblee 220 30 Gentry 290 170 Northlake 245 38 Irby, The 277 192 Scott Senior 90 81 41 Decatur Lofts 262 Total Prospective 5,715 151 82 42 Icon Buckhead 363 152 153 74 45 Accent 2050 198 Total Under Construction 2,409 42 169 170 156 76 164 168 72 Novel Upper Westside 345 75 157 165 8 162 77 74 Solis Dresden 169 160 166 75 Camden Buckhead 365 38 30 167 76 Lenox Square 374 158 163 10 77 Ivy Place Redevelopment 180 159 3 147 80 Assembly, The 200 7 81 Berkeley Township 237 82 Dresden Village 169 29 Total Planned 2,039 161 9 72 146 Piedmont Avenue 100 45 Mixed-Use 24 147 100 Campus 14 149 148 Peachtree Pavilion 500 149 Decatur Landing 500 148 146 151 Brookhaven/Oglethorpe MARTA Station Parcel 11 100 Senior 192 152 Brookhaven/Oglethorpe 41 MARTA Station Parcel 6 156 18 11 153 Brookhaven/Oglethorpe 184 MARTA Station Parcel 9 156 Modera Prominence 407 2000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Atlanta - Urban New Construction & Proposed Multifamily Projects 2Q19

ID PROPERTY UNITS 136 AMLI West Town 220 5 Vireo 310 137 Complex 100 138 240 6 Theory West Midtown 180 139 12 Ascent Midtown 328 139 Upper Westside Lofts 100 Total Lease Up 818 140 Works at Chattahoochee, The 500 141 1781 Peachtree 265 142 1330 West 98 19 Star Metals Residences 409 143 17th & Spring 354 20 Generation Atlanta 335 140 141 116 144 AMLI 360 27 NOVEL O4W 233 137 145 Peach, The 107 Total Under Construction 977 145 188 Grove Park 110 189 Herndon Square 700 58 740 West Peachtree Street 140 70 191 10th and Monroe 351 59 Alexan 8West 264 Total Prospective 9,364 60 NOVEL Midtown 338 144 12 73 61 417 143 62 EVIVA Peachtree 391 71 142 63 Yoo on Peachtree 330 136 68 North Highland 71 60 70 Loring Heights Residential 58 120 128 138 63 5 71 Northside & 17th 350 19 73 Peachtree at 17th 206 191 88 Spoke Phase II 235 125 124 123 Total Planned 2,800 59 61 121

115 Heritage Village West Lake 123 122 62 58 116 Marietta Boulevard 300 117 Quarry Yards 850 117 119 6 127 129 118 Drive 336 118 27 119 Echo Street 650 188 68 130 120 Interlock, The 350 126 189 121 Joseph E. Lowery Boulevard 171 122 M Street Phase II 60 20 123 Mark at Atlanta, The 230 124 Osprey 319 115 125 Puritan Mill Mixed-Use Building 50 88 126 SoNo on Peachtree 200 127 Spring Street 320 Westside Park at Bellwood 128 Quarry Redevelopment 700 129 Phase II 100 130 760 Ralph 1,100 2000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Atlanta - Urban New Construction & Proposed Multifamily Projects 2Q19

47

183

37 182 79 181 180 33 179 178 83 15 17

177 31 174 32 34 36 176 171 173 175 46 172 78 154

ID PROPERTY UNITS 78 River Oaks & Stillhouse 259 79 Marketplace Vista 298 15 District at Windy Hill, The 275155 17 Broadstone Ridge 277 83 Overture and Elan at Powers Ferry 471 Total Lease Up 552 Total Planned 1,028

31 Genuine Parts Property 285 154 Cobb Parkway Mixed Use 300 32 Reserve at the Ballpark Phase II, The 275 155 Cumberland 500 178 Terrel Mills Park 259 33 Ashford Green - Brookhaven 300 171 2800 - 2810 Spring 310 179 Peachtree Dunwoody Pavilion 34 Malone on Peachtree, The 205 172 Cumberland Mall Redevelopment 325 Redevelopment 335 36 Windsor Parkview Phase II 200 173 Element Galleria 283 180 Tilly Mill Road 320 37 Adley at City Springs, The 291 174 Roswell Street Townhomes 81 181 Concourse 270 46 Collection Phase III, The 315 175 Sports Avenue 108 182 High Street 1,500 47 Alastair at Aria Village 355 176 Galleria Parkway 100 183 Northpark 100 - 300 350 177 Reserve at the Ballpark Phase III, The 224 Total Under Construction 2,226 Total Prospective 5,265 2000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Atlanta - Urban New Construction & Proposed Multifamily Projects 2Q19

ID PROPERTY UNITS 16 Parc Place Townhomes 120 Total Lease Up 120 113

43 Park at Bouldercrest Redevelopment 423 Total Under Construction 423

51 49 Vesta Red Oak Redevelopment 220 50 Airport City College Park 100 84 51 Vesta Adams Park Redevelopment 298 184 84 Hillcrest Senior 180 93 Total Planned 798 43

93 Delowe Place Redevelopment 50 95 Blackstone 123 97 Redevelopment 160 95 98 Conley Village Redevelopment 71 100 Southern Trace Redevelopment 160 113 Cook Road Residential 291 184 Hillcrest Senior Phase II 160 Total Prospective 1,015

100 50 98 97

16 49

2000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Atlanta - Urban New Construction & Proposed Multifamily Projects 2Q19

52 110 104 111

39

ID PROPERTY UNITS 109 22 1099 Boulevard 319 39 Adair Court 91 Total Under Construction 410

Georgia Avenue SE & 52 Hank Aaron Drive SW 310 Total Planned 310 108 22 186 94 Abbington Englewood 80 96 250 99 Milton Avenue 310 99 94 104 Aspen Heights / Atlanta 220 96 72 Milton Apartments - 108 383 109 Hank Aaron Drive 95 110 Summerhill 965 111 Summerhill Phase II 521 186 Milton Terrace 95

Total Prospective 2,919 1000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Atlanta - Urban 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 Cortland Decatur East 2461 East College Avenue Decatur GA 30030 Lease-Up 288 Decatur 09/01/2017 01/31/2021 05/07/2018 Grant Park// 2 Alta Dairies 777 Memorial Drive SE Atlanta GA 30316 Lease-Up 312 Panthersville 09/01/2017 09/30/2019 12/10/2018 3 Modera Buckhead 3005 Peachtree Road NE Atlanta GA 30305 Lease-Up 399 03/13/2017 09/30/2019 12/03/2018 4 Mix, The 120 Piedmont Avenue NE Atlanta GA 30303 Lease-Up 228 Martin Luther King Historic District 05/31/2018 09/30/2019 10/15/2018 5 Vireo 195 13th Street NE Atlanta GA 30309 Lease-Up 310 Midtown South 01/19/2018 08/31/2019 02/11/2019 6 Theory West Midtown 768 Marietta Street NW Atlanta GA 30318 Lease-Up 180 Midtown West/Centennial Place 06/01/2018 08/31/2019 10/15/2018 7 Sutton Buckhead, The 2965 Peachtree Road NE Atlanta GA 30305 Lease-Up 151 Buckhead Village 10/23/2017 08/31/2019 10/08/2018 8 Northlake Senior 2152 Northlake Pkwy Tucker GA 30084 Lease-Up 90 Northlake 03/09/2018 07/31/2019 06/01/2019 9 Newbergh ATL 761 Morosgo Drive NE Atlanta GA 30324 Lease-Up 258 Lindbergh 02/27/2018 07/31/2019 03/31/2019 10 Ashley Gables Buckhead, The 530 East Paces Ferry Road NE Atlanta GA 30305 Lease-Up 325 Buckhead Village 12/01/2016 07/31/2019 01/07/2019 11 Solis Decatur 1605 Church Street Decatur GA 30033 Lease-Up 290 North Decatur/Clarkston/Scottdale 10/01/2017 07/31/2019 01/07/2019 12 Ascent Midtown 1400 West Peachtree Street NW Atlanta GA 30309 Lease-Up 328 Midtown 11/01/2016 07/31/2019 12/03/2018 13 Edge 670 DeKalb Avenue NE Atlanta GA 30312 Lease-Up 350 Martin Luther King Historic District 10/23/2017 07/31/2019 11/12/2018 14 Accent Morningside 1989 Cheshire Bridge Road NE Atlanta GA 30324 Lease-Up 239 Midtown 04/20/2017 07/31/2019 10/01/2018 15 District at Windy Hill, The 2245 Interstate North Pkwy West Marietta GA 30067 Lease-Up 275 Marietta SE 03/15/2017 06/30/2019 01/23/2019 16 Parc Place Townhomes 2001 Godby Road College Park GA 30349 Lease-Up 120 West Riverdale 04/30/2017 06/30/2019 11/01/2018 17 Broadstone Ridge 2020 Powers Ferry Road SE Atlanta GA 30339 Lease-Up 277 Marietta SE 04/01/2016 06/30/2019 12/13/2017 Total Lease-Up 4,420 18 Point on Scott Phase II 2532 North Decatur Road Decatur GA 30033 Under Construction 400 North Decatur/Clarkston/Scottdale 02/04/2019 01/31/2021 19 Star Metals Residences 1050 Howell Mill Road Atlanta GA 30318 Under Construction 409 Midtown West/Centennial Place 10/05/2018 10/31/2020 20 Generation Atlanta 377 Centennial Olympic Park Drive NW Atlanta GA 30313 Under Construction 335 Midtown West/Centennial Place 12/05/2018 08/31/2020 21 Madison Yards 905 Memorial Drive SE Atlanta GA 30316 Under Construction 607 Grant Park/East Atlanta/Panthersville 12/05/2018 07/31/2020 22 1099 Boulevard Boulevard SE & Englewood Avenue SE Atlanta GA 30315 Under Construction 319 Lakewood 02/18/2019 06/30/2020 23 Avondale Hills 3360 Mountain Drive Decatur GA 30032 Under Construction 408 Avondale Estates/East Belvedere Park 11/27/2015 06/30/2020 24 Vue at the Quarter 2048 Bolton Drive NW Atlanta GA 30318 Under Construction 271 Atlantic Station 12/05/2018 02/29/2020 25 Avila Glenwood 915 Glenwood Avenue SE Atlanta GA 30316 Under Construction 201 Grant Park/East Atlanta/Panthersville 10/27/2018 01/31/2020 26 Modera Reynoldstown 780 Memorial Drive SE Atlanta GA 30316 Under Construction 320 Chandler-McAfee/West Belvedere Park 10/21/2018 01/31/2020 27 NOVEL O4W 525 North Avenue NE Atlanta GA 30308 Under Construction 233 Martin Luther King Historic District 10/01/2018 01/31/2020

Source: Yardi Matrix Atlanta - Urban 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 28 Callaway Building 120 West Trinity Place Decatur GA 30030 Under Construction 329 Decatur 09/27/2018 01/31/2020 29 Oleander 10 Executive Park West NE Brookhaven GA 30329 Under Construction 348 North Druid Hills 03/09/2018 01/31/2020 30 Gentry 3172 Roswell Road NE Atlanta GA 30305 Under Construction 290 Haynes Manor/ 10/05/2018 01/31/2020 31 Genuine Parts Property NEC Crescent Pkwy & Herodian Way Atlanta GA 30339 Under Construction 285 Marietta SE 07/29/2018 01/31/2020 32 Reserve at the Ballpark Phase II, The 2875 Crescent Pkwy Atlanta GA 30339 Under Construction 275 Marietta SE 01/01/2018 01/31/2020 33 Ashford Green - Brookhaven 4170 Ashford Dunwoody Road Atlanta GA 30319 Under Construction 300 10/24/2018 01/31/2020 34 Malone on Peachtree, The 5251 Peachtree Blvd Chamblee GA 30341 Under Construction 205 West Chamblee 10/05/2018 01/31/2020 35 Ashley Scholar's Landing 669 Atlanta Student Movement Blvd Atlanta GA 30314 Under Construction 135 West End/Fairlie Poplar/Underground 02/18/2019 01/31/2020 36 Windsor Parkview Phase II Clairmont Road & Peachtree Blvd Chamblee GA 30341 Under Construction 200 West Chamblee 08/01/2018 12/31/2019 37 Adley at City Springs, The 6075 Roswell Road Atlanta GA 30328 Under Construction 291 Sandy Springs/Dunwoody 05/07/2018 12/31/2019 38 Irby, The 3190 Cains Hill Place NW Atlanta GA 30305 Under Construction 277 Haynes Manor/Peachtree Hills 02/27/2018 10/31/2019 39 Adair Court 806 Murphy Avenue SW Atlanta GA 30310 Under Construction 91 West End/Fairlie Poplar/Underground 10/05/2018 10/31/2019 40 Bethel Towers Redevelopment 210 Auburn Avenue NE Atlanta GA 30303 Under Construction 182 Martin Luther King Historic District 12/11/2018 09/30/2019 41 Decatur Lofts 1656 Church Street Decatur GA 30033 Under Construction 262 North Decatur/Clarkston/Scottdale 04/01/2018 08/31/2019 42 Icon Buckhead 3372 Peachtree Road Atlanta GA 30326 Under Construction 363 Buckhead 01/19/2018 08/31/2019 43 Park at Bouldercrest Redevelopment 26 Bouldercrest Lane SE Atlanta GA 30316 Under Construction 423 Lakewood 02/20/2017 06/30/2019 Grant Park/East Atlanta/ 44 Creekside Forest Redevelopment 3000 Ember Drive Decatur GA 30034 Under Construction 276 Panthersville 10/08/2018 06/30/2019 45 Accent 2050 2050 Cheshire Bridge Road NE Atlanta GA 30324 Under Construction 198 Lindbergh 06/15/2017 06/30/2019 46 Collection Phase III, The 4600 Roswell Road Sandy Springs GA 30342 Under Construction 315 North Buckhead 10/16/2017 06/30/2019 47 Alastair at Aria Village 740 Abernathy Road NE Sandy Springs GA 30328 Under Construction 355 Sandy Springs/Dunwoody 02/19/2018 06/30/2019 48 Manor at Indian Creek Senior Phase II 3904 Durham Park Road GA 30083 Under Construction 94 Avondale Estates/East Belvedere Park 11/01/2017 06/30/2019 Total Under Construction 8,997 College Park/Hartsfield-Jackson 49 Vesta Red Oak Redevelopment 5100 Welcome All Road Atlanta GA 30349 Planned 220 International 50 Airport City College Park College Street & Harvard Avenue College Park GA 30337 Planned 100 East Point/Hapeville 51 Vesta Adams Park Redevelopment 1991 Delowe Drive Atlanta GA 30311 Planned 298 Oakland 52 Avenue SE & Hank Aaron Drive SW Georgia Avenue SE & Hank Aaron Drive SW Atlanta GA 30312 Planned 310 West End/Fairlie Poplar/Underground Martin Luther King Jr Drive NW & 53 Underground Atlanta Peachtree Street SW Atlanta GA 30303 Planned 100 West End/Fairlie Poplar/Underground

Source: Yardi Matrix Atlanta - Urban 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 Grant Park/East Atlanta/ 54 Abbington Reserve 3051 Lumby Drive Decatur GA 30034 Planned 238 Panthersville Grant Park/East Atlanta/ 55 Link Apartments Grant Park 750 Kalb Street SE Atlanta GA 30312 Planned 246 Panthersville Grant Park/East Atlanta/ 56 Link Grant Park 750 Kalb Street SE Atlanta GA 30312 Planned 246 Panthersville Chandler-McAfee/West Belvedere 57 Alexan Gateway 2740 East College Avenue Decatur GA 30030 Planned 290 Park 58 740 West Peachtree Street 740 West Peachtree Street NW Atlanta GA 30308 Planned 140 Midtown West/Centennial Place 59 Alexan 8West 8th Street NW & Howell Mill Road Atlanta GA 30318 Planned 264 Midtown West/Centennial Place 60 NOVEL Midtown 1150 Spring Street NW Atlanta GA 30309 Planned 338 Midtown West/Centennial Place 61 903 Peachtree 903 Peachtree Street NE Atlanta GA 30309 Planned 417 Midtown South 62 EVIVA Peachtree 811 Peachtree Street NE Atlanta GA 30309 Planned 391 Midtown South 63 Yoo on Peachtree 1138 Peachtree Street NE Atlanta GA 30309 Planned 330 Midtown South 64 220 John Wesley Dobbs Avenue NE 220 John Wesley Dobbs Avenue NE Atlanta GA 30303 Planned 321 Martin Luther King Historic District 65 Auburn 159 Auburn Avenue NE Atlanta GA 30303 Planned 94 Martin Luther King Historic District 66 Gartrell Courts 374 Gartrell Street SE Atlanta GA 30312 Planned 261 Martin Luther King Historic District 67 StudioPlex Hotel Auburn Avenue NE & Irwin Street NE Atlanta GA 30312 Planned 56 Martin Luther King Historic District SWC North Highland Avenue NE & North 68 North Highland Avenue NE Atlanta GA 30306 Planned 71 / Highlands 69 Spring Pointe Redevelopment 1301 Oakview Road Decatur GA 30030 Planned 65 Decatur 70 Loring Heights Residential Deering Road NW & Northside Drive NW Atlanta GA 30318 Planned 58 Atlantic Station 71 Northside & 17th 1299 Northside Drive NW Atlanta GA 30318 Planned 350 Atlantic Station 72 Novel Upper Westside 2275 Marietta Blvd NW Atlanta GA 30318 Planned 345 Atlantic Station 73 Peachtree at 17th NWC 17th Street NE & Peachtree Street NE Atlanta GA 30309 Planned 206 Midtown 74 Solis Dresden 1427 Dresden Drive Atlanta GA 30319 Planned 169 Buckhead NWC East Andrews Drive NW & Roswell 75 Camden Buckhead Road NW Atlanta GA 30305 Planned 365 Haynes Manor/Peachtree Hills 76 Lenox Square 980 East Paces Ferry Road NE Atlanta GA 30326 Planned 374 Buckhead Village 77 Ivy Place Redevelopment 3028 Clairmont Road Atlanta GA 30329 Planned 180 Brookhaven 78 River Oaks & Stillhouse River Oaks Drive & Stillhouse Lane SE Atlanta GA 30339 Planned 259 North Vinings Powers Ferry Road SE & Terrell Mill 79 Marketplace Vista Road SE Marietta GA 30067 Planned 298 Marietta SE

Source: Yardi Matrix Atlanta - Urban 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 80 Assembly, The 3900 Motors Industrial Way Atlanta GA 30360 Planned 200 West Chamblee 81 Berkeley Township 4300 Buford Hwy NE Atlanta GA 30345 Planned 237 West Chamblee 82 Dresden Village NWC Caldwell Road & Dresden Drive Atlanta GA 30319 Planned 169 West Chamblee 83 Overture and Elan at Powers Ferry 1927 Powers Ferry Road Atlanta GA 30339 Planned 471 Sandy Springs/Dunwoody 84 Hillcrest Senior 1837 Stanton Road East Point GA 30344 Planned 180 Oakland 85 161 Peachtree Center 161 Peachtree Center Avenue NE Atlanta GA 30303 Planned 345 West End/Fairlie Poplar/Underground 86 Avery, The 55 Upper Alabama Street Atlanta GA 30303 Planned 180 West End/Fairlie Poplar/Underground Martin Luther King Jr. Drive SW & 87 Downtown West Redevelopment Northside Drive NW Atlanta GA 30313 Planned 239 West End/Fairlie Poplar/Underground Chandler-McAfee/West Belvedere 88 Spoke Phase II 1450 La France Street NE Atlanta GA 30307 Planned 235 Park 89 Castleberry Park 376 Mitchell Street SW Atlanta GA 30313 Planned 130 Midtown West/Centennial Place 90 Gulch, The Mitchell Street SW & Walker Street SW Atlanta GA 30303 Planned 1,000 Midtown West/Centennial Place 91 University Commons 41 Griffin Street NW Atlanta GA 30314 Planned 239 Midtown West/Centennial Place 92 Walton Eastside 377 Decatur Street SE Atlanta GA 30312 Planned 400 Martin Luther King Historic District Total Planned 11,425 93 Delowe Place Redevelopment 2327 Delowe Drive East Point GA 30344 Prospective 50 East Point/Hapeville 94 Abbington Englewood 515 Englewood Avenue SE Atlanta GA 30315 Prospective 80 Lakewood 95 Blackstone Hapeville Road SW & Waters Road SW Atlanta GA 30354 Prospective 123 Lakewood 96 Chosewood Park 577 Englewood Avenue SE Atlanta GA 30315 Prospective 250 Lakewood 97 Colony Square Redevelopment 925 Conley Road SE Atlanta GA 30354 Prospective 160 Lakewood 98 Conley Village Redevelopment 950 Conley Road SE Atlanta GA 30354 Prospective 71 Lakewood 99 Milton Avenue 125 Milton Avenue Atlanta GA 30315 Prospective 310 Lakewood 100 Southern Trace Redevelopment 900 Conley Road SE Atlanta GA 30354 Prospective 160 Lakewood 101 222 Mitchell Street 222 Mitchell Street SW Atlanta GA 30303 Prospective 205 West End/Fairlie Poplar/Underground 102 240 Grant Street 240 Grant Street SE Atlanta GA 30312 Prospective 297 West End/Fairlie Poplar/Underground 103 41 Marietta St 41 Marietta Street NW Atlanta GA 30303 Prospective 131 West End/Fairlie Poplar/Underground 104 Aspen Heights / Atlanta Georgia Avenue SE & Pollard Blvd SW Atlanta GA 30312 Prospective 220 West End/Fairlie Poplar/Underground 105 Edgewood Center II 183 Edgewood Avenue SE Atlanta GA 30303 Prospective 50 West End/Fairlie Poplar/Underground 106 Luckie Street 116 Luckie Street NW Atlanta GA 30303 Prospective 100 West End/Fairlie Poplar/Underground

Source: Yardi Matrix Atlanta - Urban 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 107 Norfolk Southern Complex Redevelopment 99 Ted Turner Drive SW Atlanta GA 30303 Prospective 246 West End/Fairlie Poplar/Underground Grant Park/East Atlanta/ 108 72 Milton Apartments - Peoplestown 72 Milton Avenue SE Atlanta GA 30315 Prospective 383 Panthersville Hank Aaron Drive SW & Vanira Avenue Grant Park/East Atlanta/ 109 Hank Aaron Drive SE Atlanta GA 30315 Prospective 95 Panthersville Grant Park/East Atlanta/ 110 Summerhill 39 Georgia Avenue SE Atlanta GA 30312 Prospective 965 Panthersville Grant Park/East Atlanta/ 111 Summerhill Phase II 39 Georgia Avenue SE Atlanta GA 30312 Prospective 521 Panthersville Chandler-McAfee/West Belvedere 112 930 Mauldin Street 930 Mauldin Street SE Atlanta GA 30316 Prospective 143 Park Chandler-McAfee/West Belvedere 113 Cook Road Residential 2128 Cook Road Decatur GA 30032 Prospective 291 Park Memorial Drive SE & Whitefoord Avenue Chandler-McAfee/West Belvedere 114 Woodbine Avenue SE Atlanta GA 30303 Prospective 340 Park 115 Heritage Village West Lake 239 West Lake Avenue NW Atlanta GA 30314 Prospective 123 Bankhead 116 Marietta Boulevard Carroll Drive NW & Marietta Blvd NW Atlanta GA 30318 Prospective 300 Bankhead 117 Quarry Yards Gay Avenue NW & Woods Street NW Atlanta GA 30318 Prospective 850 Bankhead Centennial Olympic Park Drive NW & 118 Centennial Olympic Park Drive North Avenue NW Atlanta GA 30313 Prospective 336 Midtown West/Centennial Place Donald Lee Hollowell Pkwy NW & 119 Echo Street Northside Drive NW Atlanta GA 30318 Prospective 650 Midtown West/Centennial Place 120 Interlock, The 14th Street & Howell Mill Road Atlanta GA 30318 Prospective 350 Midtown West/Centennial Place 121 Joseph E. Lowery Boulevard 900 Joseph E. Lowery Blvd NW Atlanta GA 30314 Prospective 171 Midtown West/Centennial Place 122 M Street Phase II 950 Marietta Street NW Atlanta GA 30318 Prospective 60 Midtown West/Centennial Place 123 Mark at Atlanta, The 10th Street NW & Spring Street NW Atlanta GA 30309 Prospective 230 Midtown West/Centennial Place 124 Osprey 748 10th Street NW Atlanta GA 30318 Prospective 319 Midtown West/Centennial Place 125 Puritan Mill Mixed-Use Building 916 Joseph E Lowery Blvd NW Atlanta GA 30318 Prospective 50 Midtown West/Centennial Place 126 SoNo on Peachtree 493 Peachtree Street NE Atlanta GA 30308 Prospective 200 Midtown West/Centennial Place 127 Spring Street 699 Spring Street NW Atlanta GA 30308 Prospective 320 Midtown West/Centennial Place Westside Park at Bellwood Quarry 128 Redevelopment 1350 West Marietta Street NW Atlanta GA 30318 Prospective 700 Midtown West/Centennial Place 129 Ponce City Market Phase II 675 NE Atlanta GA 30308 Prospective 100 Midtown South 130 760 Ralph 760 Ralph McGill Blvd NE Atlanta GA 30312 Prospective 1,100 Martin Luther King Historic District East Court Square & West Ponce De Leon 131 Bank of America Building Redevelopment Avenue Decatur GA 30030 Prospective 203 Decatur

Source: Yardi Matrix Atlanta - Urban 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 North Arcadia Avenue & East Ponce de 132 North Arcadia Development Leon Avenue Decatur GA 30030 Prospective 289 Decatur 133 Covington Highway 3756 Covington Hwy Decatur GA 30032 Prospective 58 Avondale Estates/East Belvedere Park 134 Farrar Court & Mountain Drive Farrar Court & Mountain Drive Decatur GA 30032 Prospective 100 Avondale Estates/East Belvedere Park 135 Phoenix Station Covington Hwy & Kensington Road Decatur GA 30032 Prospective 244 Avondale Estates/East Belvedere Park 136 AMLI West Town 981 Huff Road NW Atlanta GA 30318 Prospective 220 Atlantic Station Chattahoochee Avenue NW & Ellsworth 137 Complex West Midtown Industrial Blvd NW Atlanta GA 30318 Prospective 100 Atlantic Station 138 Goat Farm Arts Center 1200 Foster Street NW Atlanta GA 30318 Prospective 240 Atlantic Station 139 Upper Westside Lofts Collier Road NW & Defoor Avenue NW Atlanta GA 30318 Prospective 100 Atlantic Station 140 Works at Chattahoochee, The 1235 Chattahoochee Avenue NW Atlanta GA 30318 Prospective 500 Atlantic Station 141 1781 Peachtree 1781 Peachtree Street NE Atlanta GA 30309 Prospective 265 South Buckhead 142 1330 West Peachtree Street 1330 West Peachtree Street NW Atlanta GA 30309 Prospective 98 Midtown 143 17th & Spring 1295 Spring Street NW Atlanta GA 30309 Prospective 354 Midtown 144 AMLI Atlantic Station 261 Market Street NW Atlanta GA 30363 Prospective 360 Midtown 145 Peach, The 1655 Peachtree Street NE Atlanta GA 30309 Prospective 107 Midtown 146 Piedmont Avenue 1824 Piedmont Avenue NE Atlanta GA 30324 Prospective 100 Lindbergh North Druid Hills Road NE & Interstate 147 Emory University Mixed-Use Campus 85 Atlanta GA 30319 Prospective 100 North Druid Hills 148 Peachtree Pavilion 961 Milledge Place NE Atlanta GA 30329 Prospective 500 North Druid Hills 149 Decatur Landing North Druid Hills Road NE & US-78 Decatur GA 30033 Prospective 500 North Decatur/Clarkston/Scottdale 150 Fenner Dunlop Property NWC Laredo Drive & Parry Street Avondale Estates GA 30002 Prospective 200 North Decatur/Clarkston/Scottdale Brookhaven/Oglethorpe MARTA Station SWC Apple Valley Road NE & Dresden 151 Parcel 11 Senior Drive Brookhaven GA 30319 Prospective 100 Buckhead Brookhaven/Oglethorpe MARTA Station SWC Apple Valley Road NE & Dresden 152 Parcel 6 Drive NE Brookhaven GA 30319 Prospective 156 Buckhead Brookhaven/Oglethorpe MARTA Station SWC Apple Valley Road NE & Dresden 153 Parcel 9 Drive Brookhaven GA 30319 Prospective 184 Buckhead 154 Cobb Parkway Mixed Use Cobb Pkwy & Paces Mill Road SE Atlanta GA 30339 Prospective 300 Buckhead 155 Cumberland Cumberland Pkwy SE & Paces Walk SE Atlanta GA 30339 Prospective 500 Buckhead 156 Modera Prominence Lenox Road NE & Piedmont Road NE Atlanta GA 30305 Prospective 407 Buckhead 157 Tower Place 3350 Peachtree Road Atlanta GA 30326 Prospective 297 Buckhead

Source: Yardi Matrix Atlanta - Urban 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 158 99 West Paces Ferry Road NW 99 West Paces Ferry Road NW Atlanta GA 30305 Prospective 313 Haynes Manor/Peachtree Hills Paces Ferry Place NW & West Paces 159 99 West Paces Ferry Road NW Phase II Ferry Road NW Atlanta GA 30305 Prospective 186 Haynes Manor/Peachtree Hills 160 Buckhead West Village 56 East Andrews Drive NW Atlanta GA 30305 Prospective 175 Haynes Manor/Peachtree Hills 161 Peachtree Battle 2425 Peachtree Road Atlanta GA 30305 Prospective 262 Haynes Manor/Peachtree Hills 162 3261 Roswell Road 3261 Roswell Road Atlanta GA 30305 Prospective 90 Buckhead Village 163 340 East Paces Ferry Road 340 East Paces Ferry Road NE Atlanta GA 30305 Prospective 408 Buckhead Village 164 Amli Flatiron 3415 Kingsboro Road NE Atlanta GA 30326 Prospective 271 Buckhead Village 165 Crescent Lenox 3387 Lenox Road NE Atlanta GA 30326 Prospective 352 Buckhead Village 166 Lenox Square Phase II 980 East Paces Ferry Road NE Atlanta GA 30326 Prospective 374 Buckhead Village 167 Bramblewood Homes Bramblewood Drive NE & Buford Hwy NE Atlanta GA 30329 Prospective 197 Lenox 168 Lenox Lake Blvd & Lenox Park Blvd Brookhaven GA 30319 Prospective 188 Lenox 169 Bainbridge Chamblee 3077 Clairmont Road Chamblee GA 30345 Prospective 220 Brookhaven 170 Northlake 2180 Northlake Pkwy Tucker GA 30084 Prospective 245 Northlake 171 2800 - 2810 Spring 2800 Spring Road SE Atlanta GA 30339 Prospective 310 North Vinings 172 Cumberland Mall Redevelopment 3110 Sports Avenue SE Smyrna GA 30080 Prospective 325 North Vinings 173 Element Galleria Akers Mill Road SE & Cobb Pkwy SE Atlanta GA 30339 Prospective 283 North Vinings 174 Roswell Street Townhomes 1837 Roswell Street Smyrna GA 30080 Prospective 81 North Vinings 175 Sports Avenue 3110 SE Sports Avenue Smyrna GA 30080 Prospective 108 North Vinings 176 Galleria Parkway 100 Galleria Pkwy Atlanta GA 30339 Prospective 100 Marietta SE 177 Reserve at the Ballpark Phase III, The Circle 75 Pkwy & Herodian Way Atlanta GA 30339 Prospective 224 Marietta SE 178 Terrel Mills Park Terrell Mill Road & Waterfall Village Drive Marietta GA 30067 Prospective 259 Marietta SE SEC Lake Hearn Drive NE & Peachtree 179 Peachtree Dunwoody Pavilion Redevelopment Dunwoody Road Sandy Springs GA 30342 Prospective 335 North Buckhead 180 Tilly Mill Road 4256 Tilly Mill Road Atlanta GA 30360 Prospective 320 West Chamblee 181 Concourse 5900 Peachtree Dunwoody Road Sandy Springs GA 30328 Prospective 270 Sandy Springs/Dunwoody Hammond Drive NE & 182 High Street Pkwy NE Atlanta GA 30346 Prospective 1,500 Sandy Springs/Dunwoody NWC Mt Vernon Hwy & Peachtree 183 Northpark 100 - 300 Dunwoody Road Sandy Springs GA 30328 Prospective 350 Sandy Springs/Dunwoody 184 Hillcrest Senior Phase II 1837 Stanton Road East Point GA 30344 Prospective 160 Oakland

Source: Yardi Matrix Atlanta - Urban 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 185 Atlanta Constitution Building at Five Points 143 Alabama Street SW Atlanta GA 30303 Prospective 112 West End/Fairlie Poplar/Underground Grant Park/East Atlanta/ 186 Milton Terrace 55 Milton Avenue SE Atlanta GA 30315 Prospective 95 Panthersville Chandler-McAfee/West Belvedere 187 Columbia Fayetteville 2201 Glenwood Avenue SE Atlanta GA 30316 Prospective 108 Park 188 Grove Park 557 West Lake Avenue NW Atlanta GA 30318 Prospective 110 Bankhead 189 Herndon Square 485 John Street NW Atlanta GA 30318 Prospective 700 Midtown West/Centennial Place 190 163 Clairemont 163 Clairemont Avenue Decatur GA 30030 Prospective 232 Decatur 191 10th and Monroe 1016 Monroe Drive NE Atlanta GA 30306 Prospective 351 Midtown 192 Scott Boulevard Senior 1665 Scott Blvd Decatur GA 30033 Prospective 90 North Decatur/Clarkston/Scottdale Total Prospective 27,336 TOTAL ATLANTA URBAN 52,178

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