Jacksonville New Construction & Proposed Multifamily Projects 2Q20

94

96

11

95

ID PROPERTY UNITS 1 Brisa at St. Augustine 256 42 Total Lease Up 256 98 11 Landing at St. Augustine, The Phase II 315 Total Under Construction 315

42 79 Masters Drive 100 43 The Arbors at Lightsey Road 100 Total Planned 200 43 97 1 93 Benchip 280 99 94 Cordova Palms 750 95 Court Theophelia 50 93 96 Cross County Plaza 50 97 Epic Village Townhomes 188 98 Hartshorn Street & West King Street 166 99 Moultrie Oaks Townhomes 66 Total Prospective 1,550 1 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Jacksonville New Construction & Proposed Multifamily Projects 2Q20

24

ID PROPERTY UNITS 6 San Marco Promenade 284 7 Riverside St. Johns 125 Total Lease Up 409 46 48

12 Vista Brooklyn 308 47 16 San Marco Crossing 290 44 49 23 21 Total Under Construction 598 22

21 233 West Duval Street 140 22 Lofts at Cathedral 140 Hyatt Regency 23 Old Independent Life Building 140 45 50 24 Springfield Lofts 78 Jacksonville Riverfront 12 25 The District 552 52 26 Hendricks Avenue 345 27 Kings Avenue Station 90 28 Montana Avenue 350 MOSH Metropolitan 29 Southbank Urban Residences 185 Park 30 San Marco Crossing Phase II 196 Baptist Medical Total Planned 2,216 Center Jacksonville 29 25 53 28 44 The District 100 55 45 Enclave on the Bay 272 7 26 46 La Villa 285 27 47 North Julia Street 200 48 Parkview Commons 122 49 Union Terminal Warehouse Redevelopment 185 50 The Doro 247 52 Jacksonville Jaguars Lot J 500 30 16 53 The District Phase II 618 54 54 East San Marco 280 6 55 Kings Avenue Station Phase II 300 56 58 56 Park Place at San Marco 135 58 San Marco Promenade Phase II 226 Total Prospective 3,470 2000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Jacksonville New Construction & Proposed Multifamily Projects 2Q20

38

59 77

60 ID PROPERTY UNITS 78 4 Bainbridge Town Center East 276 39 8 The Oasis at Town Center 328 Total Lease Up 604

10 Presidium at Town Center 370 13 Fusion 384 14 ETown Parcel E9 332 76 15 Satori Town Center 289 66 75 17 Gate Parkway 230 73

18 Gateway Village at Town Center 289 4 Total Under Construction 1,894

38 Fiddler’s Reef 456 39 Terrabella 253 Total Planned 709 8 74 59 Deer Run in Buck Business Park 83 18 60 Rivergate Townhomes 191 10 17 66 Baywood Cove 86 15 71 72 71 Amare Vita 208 87 72 Village Center 650 73 Beach & Kernan 198 74 Glen Kernan Pkwy & Hodges Blvd 970 75 Harbor Lights Jacksonville 215 13 76 1st and 6th 50 77 11635 Tanager Drive 100 78 Moody Bellinger Shipyard 590 87 Shoppes of Ponte Vedra Beach 250 14 Total Prospective 3,591 1 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Jacksonville New Construction & Proposed Multifamily Projects 2Q20

ID PROPERTY UNITS 2 Cue Luxury Living 296 5 3 Tapestry Westland Viilage 266 40 79 80 Amelia Island 5 The Lofts at Wildlight 279 Total Lease Up 841

9 The Reserve at Oakleaf 270 19 Le Montage 50 Black 20 Black Creek Village 81 Hammock Total Under Construction 401 37 Island 67 36 31 Calebs Cove 60 Timucuan 32 The Preserve at Island Pointe 192 Ecological 33 4040 Ricker Road 60 and Historical 34 Collins Road Multi Residential 438 31 Preserve 35 Lane Avenue 120 32 36 Eagle Landings 85 37 Parkway Shops North 300 40 Mills Creek Preserve 300 41 Race Track & St. Johns Pkwy 400 Total Planned 1,955 51 64

51 Edgewood Avenue 101 35 57 57 Roosevelt Square Redevelopment 100 33 61 Saddle Brook Landings Phase II 216 63 62 Sydney Trace 192 61 63 Cedar Station 120 70 34 3 64 Normandy Blvd 390 65 9 62 65 Waypoint 339 67 Main Street North PUD 238 81 19 68 68 Springs at Flagler Center 240 84 69 Stanmore Wells Creek 280 2 69 70 Beauclerc Bay Redevelopment 106 83 86 79 Wildlight Phase II 721 86 Olea at Nocatee 175 41 82 91 85 80 William Burgess Blvd & Harts Road 450 88 Bridgewater 816 81 Kingsley Plaza 196 89 Greenbriar Downs 818 89 82 Harmony at Baxley 86 90 Longleaf Pine Parkway 333 90 88 91 The Pavilion at Durbin Park 999 83 The Landing 84 20 84 Kelli Grove 93 92 RiverTown 500 92 85 Garden 250 Total Prospective 7,843 5 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Jacksonville New Construction & Proposed Multifamily Projects

PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP

1 Brisa at St. Augustine 40 Brisa Avenue St. Augustine FL 32084 Lease-Up 256 St. Augustine 09/02/2019 10/31/2021 03/12/2020 2 Cue Luxury Living 13504 Citicards Way Jacksonville FL 32258 Lease-Up 296 Jacksonville - Bayard 05/20/2019 05/31/2021 04/06/2020 3 Tapestry Westland Viilage 6505 Collins Road Jacksonville FL 32244 Lease-Up 266 Jacksonville - Cedar Hills 08/26/2019 12/31/2020 04/20/2020 4 Bainbridge Town Center East 5000 Kernan Blvd South Jacksonville FL 32224 Lease-Up 276 Jacksonville - San Pablo 03/22/2019 12/31/2020 02/25/2020 5 The Lofts at Wildlight 125 Daydream Avenue Wildlight FL 32097 Lease-Up 279 Fernandina Beach 05/20/2019 09/30/2020 01/06/2020 6 San Marco Promenade 2600 Philips Hwy Jacksonville FL 32207 Lease-Up 284 Jacksonville - South Jacksonville 07/23/2018 08/31/2020 12/06/2019 7 Riverside St. Johns 555 Bishopgate Lane Jacksonville FL 32204 Lease-Up 125 Jacksonville - San Jose 12/31/2017 07/31/2020 08/27/2019 8 The Oasis at Town Center 10667 Brightman Blvd Jacksonville FL 32246 Lease-Up 328 Jacksonville - Pineland Gardens 11/01/2018 07/31/2020 06/25/2019 Total Lease-Up 2,110

9 The Reserve at Oakleaf Argyle Forest Blvd & Merchants Way Jacksonville FL 32222 Under Construction 270 Jacksonville - Jacksonville Heights 05/06/2020 06/30/2021 10 Presidium at Town Center 7200 A C Skinner Pkwy Jacksonville FL 32256 Under Construction 370 Jacksonville - Deerwood Club 02/03/2020 06/30/2021 Landing at St. Augustine, 11 The Phase II 100 Lasa Drive St. Augustine FL 32084 Under Construction 315 St. Augustine 12/16/2019 06/30/2021 12 Vista Brooklyn 200 Riverside Avenue Jacksonville FL 32202 Under Construction 308 Jacksonville - San Jose 06/30/2019 02/28/2021 13 Fusion 8283 East Baymeadows Road East Jacksonville FL 32256 Under Construction 384 Jacksonville - Deerwood Club 02/08/2019 02/28/2021 14 ETown Parcel E9 9735 R G Skinner Pkwy Jacksonville FL 32256 Under Construction 332 Jacksonville - Deerwood Club 07/01/2019 01/31/2021 15 Satori Town Center 10640 Satori Lane Jacksonville FL 32256 Under Construction 289 Jacksonville - Deerwood Club 01/01/2019 01/31/2021 16 San Marco Crossing 2118 Kings Avenue Jacksonville FL 32207 Under Construction 290 Jacksonville - South Jacksonville 02/03/2020 12/31/2020 17 Gate Parkway Deerwood Park Blvd & Gate Pkwy Jacksonville FL 32256 Under Construction 230 Jacksonville - Deerwood Club 05/25/2019 12/31/2020 18 Gateway Village at Town Center SWC Deerwood Park Blvd & Gate Pkwy Jacksonville FL 32256 Under Construction 289 Jacksonville - Deerwood Club 04/01/2019 12/31/2020 19 Le Montage 3050 East Old River Road Jacksonville FL 32223 Under Construction 50 Jacksonville - Sunbeam 05/31/2016 07/31/2020 20 Black Creek Village 3103 Creek Village Lane Green Cove Springs FL 32043 Under Construction 81 Green Cove Springs 06/30/2018 07/31/2020 Total Under Construction 3,208

21 233 West Duval Street 233 West Duval Street Jacksonville FL 32202 Planned 140 Jacksonville - Downtown 22 Lofts at Cathedral 325 East Duval Street Jacksonville FL 32202 Planned 140 Jacksonville - Downtown 23 Old Independent Life Building 233 West Duval Street Jacksonville FL 32202 Planned 140 Jacksonville - Downtown 24 Springfield Lofts 1341 North Pearl Street Jacksonville FL 32206 Planned 78 Jacksonville - College Park - Springfield 25 The District 801 Broadcast Place Jacksonville FL 32207 Planned 552 Jacksonville - San Jose 26 Hendricks Avenue 1230 Hendricks Avenue Jacksonville FL 32207 Planned 345 Jacksonville - San Jose 27 Kings Avenue Station 1201 Kings Avenue Jacksonville FL 32207 Planned 90 Jacksonville - San Jose 28 Montana Avenue Broadcast Place & Winterling Way Jacksonville FL 32207 Planned 350 Jacksonville - San Jose 29 Southbank Urban Residences 841 Prudential Drive Jacksonville FL 32207 Planned 185 Jacksonville - San Jose 30 San Marco Crossing Phase II 2118 Kings Avenue Jacksonville FL 32207 Planned 196 Jacksonville - South Jacksonville 31 Calebs Cove 10325 Lem Turner Road Jacksonville FL 32218 Planned 60 Jacksonville - Highlands 32 The Preserve at Island Pointe 1000 - 1 Broward Ap & Broward Road Jacksonville FL 32218 Planned 192 Jacksonville - Highlands 33 4040 Ricker Road 4040 Ricker Road Jacksonville FL 32210 Planned 60 Jacksonville - Jacksonville Heights 34 Collins Road Multi Residential Collins Road & Plantation Bay Drive Jacksonville FL 32244 Planned 438 Jacksonville - Cedar Hills Source: Yardi Matrix Yardi Source: Jacksonville New Construction & Proposed Multifamily Projects

PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP

35 Lane Avenue 1839 Lane Avenue South Jacksonville FL 32210 Planned 120 Jacksonville - Cedar Hills 36 Eagle Landings 14670 Duval Road Jacksonville FL 32218 Planned 85 Jacksonville - Oceanway 37 Parkway Shops North Max Leggett Pkwy & Skymarks Drive Jacksonville FL 32218 Planned 300 Jacksonville - Oceanway 38 Fiddler’s Reef 2781 Mayport Road Jacksonville FL 32233 Planned 456 Jacksonville - Mayport 39 Terrabella 13723 Atlantic Blvd Jacksonville FL 32225 Planned 253 Jacksonville - Beacon Hills 40 Mills Creek Preserve Semper Fi Drive & Hwy A1A Yulee FL 32097 Planned 300 Fernandina Beach 41 Race Track & St. Johns Pkwy Race Track Road & St. Johns Pkwy St. Augustine TX 32259 Planned 400 St. Johns 42 79 Masters Drive 79 Masters Drive St. Augustine FL 32084 Planned 100 St. Augustine 43 The Arbors at Lightsey Road Lightsey Road & Timberwood Drive St. Augustine FL 32084 Planned 100 St. Augustine Total Planned 5,080

44 The District 21 West Church Street Jacksonville FL 32202 Prospective 100 Jacksonville - Downtown 45 Enclave on the Bay 300 East Bay Street Jacksonville FL 32202 Prospective 272 Jacksonville - Downtown North Jefferson Street & 46 La Villa West Beaver Street Jacksonville FL 32202 Prospective 285 Jacksonville - Downtown 47 North Julia Street 404 North Julia Street Jacksonville FL 32202 Prospective 200 Jacksonville - Downtown 48 Parkview Commons 901 North Main Street Jacksonville FL 32202 Prospective 122 Jacksonville - Downtown Union Terminal 49 Warehouse Redevelopment 700 East Union Street Jacksonville FL 32206 Prospective 185 Jacksonville - Downtown 50 The Doro 102 A Philip Randolph Blvd Jacksonville FL 32202 Prospective 247 Jacksonville - College Park - Springfield 51 Edgewood Avenue 840 Edgewood Avenue South Jacksonville FL 32205 Prospective 101 Jacksonville - College Park - Springfield NEC Gator Bowl Blvd & 52 Jacksonville Jaguars Lot J North Georgia Street Jacksonville FL 32202 Prospective 500 Jacksonville - College Park - Springfield 53 The District Phase II 801 Broadcast Place Jacksonville FL 32207 Prospective 618 Jacksonville - San Jose 54 East San Marco Atlantic Blvd & Hendricks Avenue Jacksonville FL 32207 Prospective 280 Jacksonville - San Jose 55 Kings Avenue Station Phase II 1202 Kings Avenue Jacksonville FL 32207 Prospective 300 Jacksonville - San Jose 56 Park Place at San Marco 2137 Hendricks Avenue Jacksonville FL 32207 Prospective 135 Jacksonville - San Jose Roosevelt Square 57 Redevelopment 4529 Roosevelt Blvd Jacksonville FL 32210 Prospective 100 Jacksonville - San Jose 58 San Marco Promenade Phase II 2600 Philips Hwy Jacksonville FL 32207 Prospective 226 Jacksonville - South Jacksonville 59 Deer Run in Buck Business Park Fort Caroline Road & Merrill Road Jacksonville FL 32225 Prospective 83 Jacksonville - Newcastle 60 Rivergate Townhomes 8159 Arlington Expwy Jacksonville FL 32211 Prospective 191 Jacksonville - Newcastle 61 Saddle Brook Landings Phase II 3037 John Hancock Court Jacksonville FL 32221 Prospective 216 Jacksonville - Jacksonville Heights 62 Sydney Trace 8575 Merchants Way Jacksonville FL 32222 Prospective 192 Jacksonville - Jacksonville Heights 63 Cedar Station 103rd Street & Harlow Blvd Jacksonville FL 32210 Prospective 120 Jacksonville - Cedar Hills 64 Normandy Blvd 7002 Normandy Blvd Jacksonville FL 32205 Prospective 390 Jacksonville - Cedar Hills 65 Waypoint 4915 Collins Road Jacksonville FL 32244 Prospective 339 Jacksonville - Ortega Hills 66 Baywood Cove Beach Blvd & US-19 Hwy Jacksonville FL 32216 Prospective 86 Jacksonville - Oakwood Villa 67 Main Street North PUD Drury Lane & North Main Street Jacksonville FL 32218 Prospective 238 Jacksonville - Oceanway 68 Springs at Flagler Center Old St. Augustine Road & Philips Hwy Jacksonville FL 32258 Prospective 240 Jacksonville - Bayard Source: Yardi Matrix Yardi Source: Jacksonville New Construction & Proposed Multifamily Projects

PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP

69 Stanmore Wells Creek 11723 Wells Creek Pkwy Jacksonville FL 32256 Prospective 280 Jacksonville - Bayard 70 Beauclerc Bay Redevelopment 9047 San Jose Blvd Jacksonville FL 32257 Prospective 106 Jacksonville - Sunbeam 71 Amare Vita Burnt Mill Road & Gate Pkwy Jacksonville FL 32256 Prospective 208 Jacksonville - Deerwood Club SEC Interstate 295 & 72 Village Center J Turner Butler Blvd Jacksonville FL 32224 Prospective 650 Jacksonville - Deerwood Club 73 Beach & Kernan Beach Blvd & Kernan Blvd South Jacksonville FL 32246 Prospective 198 Jacksonville - Southridge 74 Glen Kernan Pkwy & Hodges Blvd Glen Kernan Parkway & Hodges Blvd Jacksonville FL 32202 Prospective 970 Jacksonville - San Pablo 75 Harbor Lights Jacksonville 14549 Beach Blvd Jacksonville FL 32250 Prospective 215 Jacksonville - San Pablo 76 1st and 6th 1st Street North & 6th Avenue North Jacksonville Beach FL 32250 Prospective 50 Neptune Beach 77 11635 Tanager Drive 11635 Tanager Drive Jacksonville FL 32225 Prospective 100 Jacksonville - Beacon Hills 78 Moody Bellinger Shipyard 13911 Atlantic Blvd Jacksonville FL 32225 Prospective 590 Jacksonville - Beacon Hills 79 Wildlight Phase II Harper Chapel Road & State Road 200 Yulee FL 32097 Prospective 721 Fernandina Beach William Burgess Blvd & 80 Harts Road William Burgess Blvd & Harts Road Yulee FL 32097 Prospective 450 Fernandina Beach 81 Kingsley Plaza 1324 Kingsley Avenue Orange Park FL 32073 Prospective 196 Bellair - Orange Park 82 Harmony at Baxley Baxley Road & Country Pines Drive Middleburg FL 32068 Prospective 86 Ridgewood SEC Blanding Blvd & 83 The Landing Old Jennings Road Middleburg FL 32068 Prospective 84 Ridgewood 84 Kelli Grove 661 Blanding Blvd Orange Park FL 32073 Prospective 93 Fleming Island 85 Garden SEC Cross Town & Valley Ridge Blvd Ponte Vedra Beach FL 32081 Prospective 250 Ponte Vedra Beach 86 Olea at Nocatee Cross Town & Preservation Trail Jacksonville FL 32256 Prospective 175 Ponte Vedra Beach 87 Shoppes of Ponte Vedra Beach 330 Highway A1A North Ponte Vedra Beach FL 32082 Prospective 250 Ponte Vedra Beach 88 Bridgewater County Road 210 & Interstate 95 St. Augustine FL 32092 Prospective 816 St. Johns 89 Greenbriar Downs Old County Road 210 & Veterans Pkwy St. Johns FL 32259 Prospective 818 St. Johns 90 Longleaf Pine Parkway Greenbriar Road & Longleaf Pine Pkwy Saint Johns FL 32259 Prospective 333 St. Johns 91 The Pavilion at Durbin Park Interstate 95 & Race Track Road Jacksonville FL 32259 Prospective 999 St. Johns 92 RiverTown 39 Riverwalk Blvd St. Johns FL 32259 Prospective 500 St. Johns 93 Benchip Wildwood Drive & State Route 207 St. Augustine FL 32086 Prospective 280 St. Augustine 94 Cordova Palms US Route 1 & Venetian Blvd St. Augustine FL 32095 Prospective 750 St. Augustine 95 Court Theophelia 6 Court Theophelia St. Augustine FL 32084 Prospective 50 St. Augustine NWC South Francis Road & 96 Cross County Plaza State Route 16 St. Augustine FL 32092 Prospective 50 St. Augustine 97 Epic Village Townhomes SEC Rolling Hills Drive & Theatre Drive St. Augustine FL 32086 Prospective 188 St. Augustine

Hartshorn Street & St. Augustine Beach FL 32084 Prospective 166 St. Augustine 98 West King Street Hartshorn Street & West King Street Moultrie Oaks Drive & 99 Moultrie Oaks Townhomes Old Moultrie Road St. Augustine FL 32086 Prospective 66 St. Augustine Total Prospective 16,454

TOTAL JACKSONVILLE 26,852 Source: Yardi Matrix Yardi Source:

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