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Tampa New Construction & Proposed Multifamily Projects 3Q20

138

ID PROPERTY UNITS 65 142 4 Thrive by Watermark 328 64 143 5 Springs at Posner Park 288 4 137 11 The Lakeland Grand 268 5 12 Serenity at Lake Wales 335 139 140 Total Lease Up 1,219 141

24 Mirrorton 305 144 47 Twin Lakes Estates Phase II 132 Total Under Construction 437

105 58 Westwood at Winter Haven 280 64 The Addison Lake Wilson 309 65 Reunion Village 280 Total Planned 869

75 Parc at Lake Wales Phase II 240 98 97 4th Street & Kathleen 264 97 98 Griffin Lofts 60 100 99 Hawthorne Mills 180 24 104 100 Jersey Road Workforce Housing 304 47 101 Lakeland Logistics Park 300 101 58

102 Lakeside Village 240 106 109 103 One College Place 310 102 103 104 Twin Lakes Estates Phase III 86 108 107 105 Williams DRI 1,700 99 75 106 14th Street SW & Lake Howard 190 11 136 107 Cypress Landings 210 12 108 Parc at Lake Wales 240 109 RainDance 105 135 Palms at Kyle Terrace 87 136 The Preserve at Lake Ashton 512 141 Reserves at Citrus Ridge 250

137 Crystal Bay 365 142 Retreat at Lake Wilson 360 135 138 Jacks Road & US Route 27 426 143 Retreat at Lake Wilson Phase II 350 139 Posner Village Eastwind 163 144 The Tuttle 432 140 Posner Village in Four Corners 315 Total Prospective 7,689 2 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Tampa New Construction & Proposed Multifamily Projects 3Q20

ID PROPERTY UNITS

1 Gables at Gulf View 312

2 The Beck 204 159 7 The Addison at Sunlake 307 158 160 9 Altis Grand at The Preserve 350 14 Icaria on Pinellas 236 Total Lease Up 1,409 151 34 Arbor Creek 196 44 Notch 112 45 Waverly Terrace 214

46 The Trails at Hunter'S Lake 241 155 Total Under Construction 763

66 Avilla Suncoast 152 67 Bridge Haven 100 68 Cypress Town Center 230 69 Central on Orange Lake, 1 The Phase II 50 146 Total Planned 532 156

74 LIV Fowler Avenue 292 69 145 154 111 Kirby Street 100 148 112 Bowels Road Mixed-Use 101 153 113 University Mall Redevelopment 1,000 147 9 7 67 114 Grand Cypress 324 152 150 68 115 Uptown Sky 87 157 66 149 116 Bruce B Downs Blvd & Blvd West 252 34 145 Arbours at Saddle Oaks 264 146 Bexley North - Parcel 5 Phase 1 208 14 46 147 Central Pasco 331 161 148 Lexington Oaks Plaza 200

149 Oak Grove Blvd & State Road 54 280 116 150 Skybrooke 132 114 2 151 Trillium Blvd 160 115 152 Wiregrass 249 74 113 153 Wyndrush Townhomes 106 158 Forest Oaks Boulevard 117 45 154 Summerset Senior 86 159 Spring Center 750 112 155 Tranquility at Indian Lake 84 160 Spring Center Phase II 750 111 156 Cotee River 240 161 Venetian Isles 86 44 157 Trinity Pines Preserve Townhomes 60 Total Prospective 6,259 2 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Tampa New Construction & Proposed Multifamily Projects 3Q20

ID PROPERTY UNITS

17 Altis Grand Central 314 Total Lease Up 314

19 The Independent at Encore 266 22 1050 Water Street 511 110 23 1011 E Cumberland 388

25 Jade at North 192 94 55 26 Legacy at Encore 228 93 28 Modera Tampa 370 42 40 83 77 29 NoHo Square 226 32 32 Lector85 254 26 36 76 56 33 The Foundry NoHo 198 41 19 28 78 36 102 East Tyler 188 87 33 91 84 40 Boulevard Tower Three 133 25 54 88 29 41 Novel Midtown Tampa 390 82 86 42 Boulevard Tower One 119 90 81 79 80 43 Heron 420 22 23 17 Total Under Construction 3,883 43

54 AER in the Arts District 217 55 Casa Marti 81 56 Channelside District Residential Tower 324 Total Planned 622

76 602 East Cass Street 369 77 Gas Worx 1,432 78 Kress Block 58 79 Lafayette Central 100 80 Lafayette Parkview 200 81 Season Suites 54 82 The Seasons 487 83 Tampa Park Redevelopment 350 91 Alta 285 84 X Tampa 306 92 Westshore Crossing Phase II 72 86 Aspire Channelside 330 93 The Boulevards at West River 1,551 87 Channel Club Phase II 351 94 West Oak Street Mixed Use Tower 100 88 North Meridian 100 110 MetWest International 424 90 Westshore Plaza Redevelopment 500 Total Prospective 7,069 2000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Tampa New Construction & Proposed Multifamily Projects 3Q20

117

38

50 118 96 13 ID PROPERTY UNITS 52 20 3 Cortland Westshore 587 13 Tapestry Town Center 287 72 16 Wildgrass 320 57 Total Lease Up 1,194 85 51 89

20 Santos Flats 296 3 21 Sentosa Riverview 368

37 The Pointe on Westshore 444 37 38 180

Total Under Construction 1,288 21

50 Brandon Town Center 660 51 Integra Palms 332 52 Ironwood Flats at Brandon Greene 296 53 Waterset 290 57 Progress Village 291 Total Planned 1,869

72 Asbury 360 16 73 Davis South Creek 363 85 3011 West Gandy Blvd 80 73 89 West Tyson Avenue 299 53 95 Leisey Road Development 380 96 The Village at Crosstown 3,000 95 117 Lemon Avenue 88 118 The Preserve at Brandon 200 Total Prospective 4,770 1 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Tampa New Construction & Proposed Multifamily Projects 3Q20

134

62 ID PROPERTY UNITS 70

8 Alta Gateway 288 63 10 Satori 270 Total Lease Up 558

31 Axio Living 298 49 133 49 The Rosery 224 Total Under Construction 522 61

60 LIV Park Blvd 349 132 61 West Bay Lofts 123 62 North Greenwood Affordable 31 Housing Project 100 63 Prospect Towers Phase II 70 70 Prospect Tower Redevelopment 208 Total Planned 850 131 128 127 8 129 71 8900 US-19 227 71 130 10 125 5475 3rd Lane 297

127 Cumberland Road 100 60 128 Valor Preserve at Lake Seminole 100 129 The Epic at Gateway Centre Phase II 112 125 130 Lamplight Village Redevelopment 92 131 Nouveau 68 132 WaterView at Echelon 226 133 Moore Place 241 134 Union Trail 82 Total Prospective 1,545 1 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Tampa New Construction & Proposed Multifamily Projects 3Q20

122 121 18

48 59 120 15 123 119 6 35 126 124

ID PROPERTY UNITS

6 Artistry 246 15 Vantage 211 18 Elements on Third Phase II 126 Total Lease Up 583

27 The Sur Club 296 30 The Addison Skyway Marina 308 35 Gallery 3100 122 39 Marina Walk 245 48 Elements on Third Phase III 128

Total Under Construction 1,099 27

60 LIV Park Blvd 88 Total Planned 88

30 119 1st Street North & 5th Avenue North 300 120 440 3rd Avenue South 270 121 770 126 122 770 126 39 123 The Halcyon 305 124 The Vibe 219 126 The Lofts @ St. Petersburg 72 Total Prospective 1,418 2000 ft Source: Yardi Matrix

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

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

1 Gables at Gulf View 9702 Gableview Drive Port Richey FL 34668 Lease-Up 312 05/01/2019 12/31/2021 06/28/2020 2 The Beck 8801 Hidden River Pkwy Tampa FL 33637 Lease-Up 204 08/01/2019 12/31/2021 05/12/2020

3 Cortland Westshore 6207 South West Shore Blvd Tampa FL 33616 Lease-Up 587 Gandy / 05/19/2019 05/31/2021 07/24/2020 4 Thrive by Watermark 141 Thrive Road Davenport FL 33896 Lease-Up 328 Davenport / Haines City 10/11/2019 05/31/2021 06/03/2020 5 Springs at Posner Park 2010 Jennifer Drive Davenport FL 33837 Lease-Up 288 Davenport / Haines City 09/30/2019 03/31/2021 08/03/2020 6 Artistry 1661 Central Avenue St. Petersburg FL 33713 Lease-Up 246 Downtown St. Petersburg 01/13/2019 03/31/2021 03/03/2020 7 The Addison at Sunlake 18932 Addison Lake Drive Land O'Lakes FL 34638 Lease-Up 307 Land O'Lakes / Odessa 01/14/2019 02/28/2021 01/16/2020 8 Alta Gateway 9505 49th Street North Pinellas Park FL 33782 Lease-Up 288 Pinellas Park 09/17/2019 01/31/2021 09/11/2020 9 Altis Grand at The Preserve 2136 South Branch Blvd Odessa FL 33556 Lease-Up 350 Land O'Lakes / Odessa 09/20/2019 01/31/2021 05/11/2020 10 Satori 3110 Grand Avenue Pinellas Park FL 33782 Lease-Up 270 Pinellas Park 06/02/2019 12/31/2020 08/11/2020 11 The Lakeland Grand 4315 Talon Loop Lakeland FL 33812 Lease-Up 268 Lakeland Highlands 08/07/2019 12/31/2020 05/08/2020 12 Serenity at Lake Wales 105 Serenity Loop Lake Wales FL 33868 Lease-Up 335 Lake Wales 10/10/2019 11/30/2020 08/20/2020 13 Tapestry Town Center 650 Tapestry Lane Brandon FL 33511 Lease-Up 287 Brandon / Seffner 07/31/2019 11/30/2020 06/12/2020 14 Icaria on Pinellas 1185 South Pinellas Avenue Tarpon Springs FL 34689 Lease-Up 236 Palm Harbor / Tarpon Springs 03/11/2019 11/30/2020 03/07/2020 15 Vantage 160 16th Street North St. Petersburg FL 33705 Lease-Up 211 Downtown St. Petersburg 06/12/2018 11/30/2020 01/18/2020 16 Wildgrass 6617 Simmons Loop Riverview FL 33578 Lease-Up 320 Sun City Center 02/04/2019 11/30/2020 10/21/2019 17 Altis Grand Central 504 West Grand Central Avenue Tampa FL 33606 Lease-Up 314 / 12/05/2017 11/30/2020 05/17/2019 18 Elements on Third Phase II 3201 3rd Avenue North St. Petersburg FL 33713 Lease-Up 126 Gulfport / Lealman 10/15/2017 11/30/2020 01/28/2019 Total Lease-Up 5,277

19 The Independent at Encore 1025 East Harrison Street Tampa FL 33602 Under Construction 266 Downtown Tampa / Ybor City 09/05/2020 01/31/2023 20 Santos Flats 90th Street & Causeway Blvd Tampa FL 33619 Under Construction 296 Thontosassa 10/22/2020 12/31/2022 21 Sentosa Riverview US Highway 301 & Whitt Road Riverview FL 33569 Under Construction 368 09/08/2020 09/30/2022 22 1050 Water Street 1050 Water Street Tampa FL 33602 Under Construction 511 Hyde Park / Davis Island 04/14/2020 08/31/2022 23 1011 E Cumberland 1011 East Cumberland Avenue Tampa FL 33602 Under Construction 388 Hyde Park / Davis Island 11/01/2019 07/31/2022 24 Mirrorton 600 East Bay Street Lakeland FL 33801 Under Construction 305 Lakeland Highlands 03/02/2020 06/30/2022 25 Jade at Hyde Park North 608 North Willow Avenue Tampa FL 33606 Under Construction 192 Downtown Tampa / Ybor City 07/24/2020 05/31/2022 26 Legacy at Encore 1251 Ray Charles Blvd Tampa FL 33602 Under Construction 228 Downtown Tampa / Ybor City 07/20/2020 04/30/2022 27 The Sur Club 3301 32nd Avenue South St. Petersburg FL 33712 Under Construction 296 Gulfport / Lealman 03/06/2020 04/30/2022 28 Modera Tampa 1000 North Ashley Drive Tampa FL 33602 Under Construction 370 Downtown Tampa / Ybor City 01/22/2020 03/31/2022 29 NoHo Square 514 North Rome Avenue Tampa FL 33604 Under Construction 226 05/19/2020 03/31/2022 30 The Addison Skyway Marina 3951 34th Street South St. Petersburg FL 33711 Under Construction 308 St. Pete Beach / Pasdena 01/10/2020 03/31/2022 31 Axio Living Carillon Pkwy & Fountain Pkwy North St. Petersburg FL 33716 Under Construction 298 Mainlands 01/07/2020 02/28/2022 32 Lector85 2409 East 2nd Avenue Tampa FL 33605 Under Construction 254 Downtown Tampa / Ybor City 02/05/2020 01/31/2022 33 The Foundry NoHo 808 North Howard Avenue Tampa FL 33606 Under Construction 198 Oakford Park 09/09/2020 01/31/2022 34 Arbor Creek 8893 Cypress Manor Drive Tampa FL 33647 Under Construction 196 Tampa Palms / Pebble Creek 05/07/2020 12/31/2021 35 Gallery 3100 3100 Central Avenue St. Petersburg FL 33712 Under Construction 122 Gulfport / Lealman 06/02/2020 12/31/2021 Source: Yardi Matrix Yardi Source: Tampa New Construction & Proposed Multifamily Projects

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

36 102 East Tyler 102 East Tyler Street Tampa FL 33602 Under Construction 188 Downtown Tampa / Ybor City 01/10/2020 11/30/2021 37 The Pointe on Westshore 4950 West Prescott Street Tampa FL 33616 Under Construction 444 Gandy / Ballast Point 09/17/2019 11/30/2021 38 Rocky Point 3015 North Rocky Point Drive FL 33607 Under Construction 180 Rocky Creek 08/16/2020 10/31/2021 39 Marina Walk 4601 34th Street South St. Petersburg FL 33711 Under Construction 245 St. Pete Beach / Pasdena 04/14/2020 10/31/2021 40 Boulevard Tower Three 1305 West Main Street Tampa FL 33607 Under Construction 133 05/08/2020 10/31/2021 41 Novel Midtown Tampa 1001 North Dale Mabry Hwy Tampa FL 33607 Under Construction 390 Oakford Park 10/04/2019 09/30/2021 West Main Street & 42 Boulevard Tower One Tampa FL 33607 Under Construction 119 Tampa Heights 04/03/2020 09/30/2021 North Oregon Avenue 43 Heron 815 Water Street Tampa FL 33602 Under Construction 420 Hyde Park / Davis Island 03/13/2019 06/30/2021 44 Notch 6307 North Nebraska Avenue Tampa FL 33604 Under Construction 112 Del Rio / 02/14/2020 06/30/2021 45 Waverly Terrace NEC North 56th Street & Bullard Pkwy Temple Terrace FL 33617 Under Construction 214 Temple Terrace 03/14/2020 06/30/2021 46 The Trails at Hunter'S Lake 8500 Hunters Village Road Tampa FL 33647 Under Construction 241 Tampa Palms / Pebble Creek 06/14/2019 05/31/2021 47 Twin Lakes Estates Phase II 501 Hartsell Avenue Lakeland FL 33815 Under Construction 132 Lakeland Highlands 03/13/2020 04/30/2021 48 Elements on Third Phase III 3201 3rd Avenue North St. Petersburg FL 33713 Under Construction 128 Gulfport / Lealman 03/22/2020 04/30/2021 49 The Rosery 1181 Clearwater Largo Road NW Largo FL 33770 Under Construction 224 Belleair 06/27/2019 03/31/2021 Total Under Construction 7,992

50 Brandon Town Center 423 South Lakewood Drive Brandon FL 33511 Planned 660 Bloomingdale Avenue & 51 Integra Palms Riverview FL 33578 Planned 332 Gornto Lake Road 52 Ironwood Flats at Brandon Greene 820 South Kings Avenue Brandon FL 33511 Planned 296 53 Waterset Milestone Drive & Paseo Al Mar Blvd Apollo Beach FL 33572 Planned 290 54 AER in the Arts District West Cass Street & West Tyler Street Tampa FL 33602 Planned 217 Downtown Tampa / Ybor City 55 Casa Marti 1212 East 7th Avenue Tampa FL 33605 Planned 81 Downtown Tampa / Ybor City Channelside District 56 North 12th Street & East Twiggs Street Tampa FL 33602 Planned 324 Hyde Park / Davis Island Residential Tower SWC South Falkenburg Road & 57 Progress Village Riverview FL 33578 Planned 291 Clair-Mel City Progress Blvd 58 Westwood at Winter Haven 3658 Avenue G NW Winter Haven FL 33880 Planned 280 Lakeland Highlands 3rd Avenue North & 59 Reflections St Petersburg FL 33701 Planned 88 Downtown St. Petersburg Grove Street North 60 LIV Park Blvd 7950 Park Blvd North Pinellas Park FL 33781 Planned 349 Pinellas Park 61 West Bay Lofts 500 West Bay Drive Largo FL 33770 Planned 123 Belleair North Greenwood Affordable 62 112 South Osceola Avenue Clearwater FL 33755 Planned 100 Clearwater Housing Project 63 Prospect Towers Phase II 801 Chestnut Street Clearwater FL 33756 Planned 70 Clearwater 64 The Addison Lake Wilson Jahna Mine Road & Lake Wilson Road Davenport FL 33896 Planned 309 Davenport / Haines City SWC Lake Wilson Road & Osceola 65 Reunion Village Davenport FL 33896 Planned 280 Davenport / Haines City Polk Line Road 66 Avilla Suncoast NWC Crossings Blvd & State Route 54 Odessa FL 33556 Planned 152 Land O'Lakes / Odessa 67 Bridge Haven 33919 Brumwell Drive Wesley Chapel FL 33543 Planned 100 Land O'Lakes / Odessa Source: Yardi Matrix Yardi Source: Tampa New Construction & Proposed Multifamily Projects

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

68 Cypress Town Center SWC Interstate 75 & State Road 56 Wesley Chapel FL 33543 Planned 230 Land O'Lakes / Odessa 69 Central on Orange Lake, The Phase II 5800 Central Avenue New Port Richey FL 34652 Planned 50 New Port Richey 70 Prospect Tower Redevelopment 801 Chestnut Street Clearwater FL 33756 Planned 208 Clearwater Total Planned 4,830

71 8900 US-19 8900 US Highway 19 Pinellas Park FL 33782 Prospective 227 SWC Camden Field Pkwy & 72 Asbury Tampa FL 33619 Prospective 360 South Falkenburg Road Shady Preserve Drive & 73 Davis South Creek Riverview FL 33578 Prospective 363 US Highway 301 74 LIV Fowler Avenue East Fowler Avenue & Walker Road Thonotosassa FL 33592 Prospective 292 75 Parc at Lake Wales Phase II State Road 25 & Venus Lake Blvd Lake Wales FL 33859 Prospective 240 76 602 East Cass Street 602 East Cass Street Tampa FL 33602 Prospective 369 Downtown Tampa / Ybor City 77 Gas Worx 1400 Channelside Drive Tampa FL 33602 Prospective 1,432 Downtown Tampa / Ybor City 78 Kress Block 811 North Franklin Street Tampa FL 33602 Prospective 58 Downtown Tampa / Ybor City West Grand Central Avenue & South 79 Lafayette Central Tampa FL 33606 Prospective 100 Downtown Tampa / Ybor City Hyde Park Avenue 80 Lafayette Parkview 102 South Plant Avenue Tampa FL 33606 Prospective 200 Downtown Tampa / Ybor City 81 Season Suites 601 East Whiting Street Tampa FL 33602 Prospective 54 Downtown Tampa / Ybor City 82 The Seasons 602 East Whiting Street Tampa FL 33602 Prospective 487 Downtown Tampa / Ybor City 83 Tampa Park Redevelopment 1417 Tampa Park Plaza Tampa FL 33605 Prospective 350 Downtown Tampa / Ybor City 84 X Tampa 412 East Zack Street Tampa FL 33602 Prospective 306 Downtown Tampa / Ybor City 85 3011 West Gandy Blvd 3011 West Gandy Blvd Tampa FL 33611 Prospective 80 Hyde Park / Davis Island North Meridian Avenue & 86 Aspire Channelside Tampa FL 33602 Prospective 330 Hyde Park / Davis Island East Washington Street 87 Channel Club Phase II 1115 East Twiggs Street Tampa FL 33602 Prospective 351 Hyde Park / Davis Island 88 North Meridian 111 North Meridian Avenue Tampa FL 33602 Prospective 100 Hyde Park / Davis Island 89 West Tyson Avenue 5301 West Tyson Avenue Tampa FL 33611 Prospective 299 Gandy / Ballast Point NWC West Kennedy Blvd & 90 Westshore Plaza Redevelopment Tampa FL 33609 Prospective 500 / Bayside North Westshore Blvd 91 Alta Westshore 701 North Dale Mabry Hwy Tampa FL 33609 Prospective 285 Oakford Park 92 Westshore Crossing Phase II 4515 North Rome Avenue Tampa FL 33603 Prospective 72 93 The Boulevards at West River 1129 West Main Street Tampa FL 33607 Prospective 1,551 Tampa Heights North Highland Avenue & 94 West Oak Street Mixed Use Tower Tampa FL 33602 Prospective 100 Tampa Heights West Oak Avenue 95 Leisey Road Development Golf and Sea Blvd & Leisey Road Apollo Beach FL 33572 Prospective 380 Ruskin 96 The Village at Crosstown Suarez Road & US Route 301 Tampa FL 33619 Prospective 3,000 Clair-Mel City 97 4th Street & Kathleen 2330 Kathleen Road Lakeland FL 33810 Prospective 264 Lakeland Highlands 98 Griffin Lofts Baird Avenue & Griffin Road Lakeland FL 33805 Prospective 60 Lakeland Highlands 99 Hawthorne Mills West Pipkin Road & West Yates Road Lakeland FL 33811 Prospective 180 Lakeland Highlands Source: Yardi Matrix Yardi Source: Tampa New Construction & Proposed Multifamily Projects

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

100 Jersey Road Workforce Housing East Derby Avenue & Jersey Road Winter Haven FL 33881 Prospective 304 Lakeland Highlands 101 Lakeland Logistics Park 4210 Old Tampa Hwy Lakeland FL 33811 Prospective 300 Lakeland Highlands 102 Lakeside Village Harden Blvd & Town Center Drive East Lakeland FL 33803 Prospective 240 Lakeland Highlands 103 One College Place Reynolds Road & Winter Lake Road Lakeland FL 33812 Prospective 310 Lakeland Highlands 104 Twin Lakes Estates Phase III 501 Hartsell Avenue Lakeland FL 33815 Prospective 86 Lakeland Highlands 105 Williams DRI & Polk Pkwy Lakeland FL 33801 Prospective 1,700 Lakeland Highlands 14th Street SW & Lake 106 14th Street SW & Lake Howard Winter Haven FL 33880 Prospective 190 Winter Haven Howard Drive SW Cypress Gardens Blvd & 107 Cypress Landings Winter Haven FL 33884 Prospective 210 Winter Haven US Highway 27 108 Parc at Lake Wales State Road 25 & Venus Lake Blvd Lake Wales FL 33859 Prospective 240 Winter Haven 109 RainDance 2nd Street SW & Avenue C SW Winter Haven FL 33880 Prospective 105 Winter Haven NEC West Boy Scout Blvd & 110 MetWest International Tampa FL 33607 Prospective 424 Garver City North Lois Avenue 111 Kirby Street North 50th Street & East Kirby Street Tampa FL 33617 Prospective 100 Del Rio / College Hill 112 Bowels Road Mixed-Use Bowles Road & Harney Road Tampa FL 33637 Prospective 101 Harney 113 University Mall Redevelopment 2200 East Fowler Avenue Tampa FL 33612 Prospective 1,000 University Square 114 Grand Cypress 14717 North 42nd Street Tampa FL 33613 Prospective 324 Livingston 115 Uptown Sky 13603 North 12th Street Tampa FL 33613 Prospective 87 Livingston Bruce B Downs Blvd & Tampa Palms Bruce B Downs Blvd & Tampa 116 Tampa FL 33647 Prospective 252 Tampa Palms / Pebble Creek Blvd West Palms Blvd West 117 Lemon Avenue 3818 Lemon Avenue Seffner FL 33584 Prospective 88 Brandon / Seffner 118 The Preserve at Brandon 339 Brandon Drive Brandon FL 33511 Prospective 200 Brandon / Seffner 119 1st Street North & 5th Avenue North 450 1st Avenue North St. Petersburg FL 33701 Prospective 300 Downtown St. Petersburg 120 440 3rd Avenue South 440 3rd Avenue North St. Petersburg FL 33701 Prospective 270 Downtown St. Petersburg 121 770 770 4th Avenue North St. Petersburg FL 33701 Prospective 126 Downtown St. Petersburg 122 770 4th Avenue North & 8th Street North St. Petersburg FL 33701 Prospective 126 Downtown St. Petersburg 123 The Halcyon 225 1st Avenue North St. Petersburg FL 33701 Prospective 305 Downtown St. Petersburg 124 The Vibe 211 3rd Street South St. Petersburg FL 33701 Prospective 219 Downtown St. Petersburg 125 5475 3rd Lane 5475 3rd Lane North St. Petersburg FL 33703 Prospective 297 Upper St. Petersburg 126 The Lofts @ St. Petersburg 2835 1st Avenue South St. Petersburg FL 33712 Prospective 72 Gulfport / Lealman 127 Cumberland Road 8001 Cumberland Road Seminole FL 33777 Prospective 100 Seminole / Indian Shores 128 Valor Preserve at Lake Seminole Seminole Blvd & Village Green Avenue Seminole FL 33772 Prospective 100 Seminole / Indian Shores 129 The Epic at Gateway Centre Phase II 3115 Grand Avenue Pinellas Park FL 33782 Prospective 112 Pinellas Park 130 Lamplight Village Redevelopment 8700 4th Street North St. Petersburg FL 33702 Prospective 92 Mainlands 131 Nouveau 10491 Gandy Blvd North St. Petersburg FL 33702 Prospective 68 Mainlands 132 WaterView at Echelon SEC Carillon Pkwy & Ulmerton Road St. Petersburg FL 33716 Prospective 226 Mainlands 133 Moore Place 1030 Clearwater Largo Road North Largo FL 33770 Prospective 241 Belleair Source: Yardi Matrix Yardi Source: Tampa New Construction & Proposed Multifamily Projects

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

134 Union Trail 1555 Union Street Clearwater FL 33755 Prospective 82 Clearwater 135 Palms at Kyle Terrace Gibson Avenue & West Polk Avenue Lake Wales FL 33853 Prospective 87 Lake Wales Lake Ashton Blvd & 136 The Preserve at Lake Ashton Lake Wales FL 33859 Prospective 512 Lake Wales Thompson Nursery Road Lake Wilson Road & 137 Crystal Bay Davenport FL 33896 Prospective 365 Davenport / Haines City Ronald Reagan Pkwy 138 Jacks Road & US Route 27 Jacks Road & US Route 27 Davenport FL 33897 Prospective 426 Davenport / Haines City 139 Posner Village Eastwind Plymouth Drive & Posner Blvd Davenport FL 33837 Prospective 163 Davenport / Haines City 140 Posner Village in Four Corners Plymouth Drive & Posner Blvd Davenport FL 33837 Prospective 315 Davenport / Haines City 141 Reserves at Citrus Ridge Citrus Ridge Road & US Highway 27 Davenport FL 33837 Prospective 250 Davenport / Haines City Old Lake Wilson Road & Osceola 142 Retreat at Lake Wilson Davenport FL 33896 Prospective 360 Davenport / Haines City Polk Line Road Old Lake Wilson Road & Osceola 143 Retreat at Lake Wilson Phase II Davenport FL 33896 Prospective 350 Davenport / Haines City Polk Line Road 144 The Tuttle Ernie Caldwell Blvd & US Route 17 Davenport FL 33837 Prospective 432 Davenport / Haines City 145 Arbours at Saddle Oaks Country Club Road & Old Pasco Road Wesley Chapel FL 33544 Prospective 264 Land O'Lakes / Odessa 146 Bexley North - Parcel 5 Phase 1 Connerton Blvd & Flourish Drive Land O' Lakes FL 34637 Prospective 208 Land O'Lakes / Odessa 147 Central Pasco Meadowbrook Drive & State Road 54 Land O' Lakes FL 34638 Prospective 331 Land O'Lakes / Odessa Lexington Oaks Blvd & 148 Lexington Oaks Plaza Wesley Chapel FL 33544 Prospective 200 Land O'Lakes / Odessa Wesley Chapel Blvd 149 Oak Grove Blvd & State Road 54 Oak Grove Blvd & State Road 54 Land O' Lakes FL 34639 Prospective 280 Land O'Lakes / Odessa 150 Skybrooke State Route 54 & Suncoast Pkwy Odessa FL 34638 Prospective 132 Land O'Lakes / Odessa 151 Trillium Blvd County Line Road & Trillium Blvd Brooksville FL 34604 Prospective 160 Land O'Lakes / Odessa 152 Wiregrass State Road 56 & State Road 581 Wesley Chapel FL 33543 Prospective 249 Land O'Lakes / Odessa 153 Wyndrush Townhomes 5th Avenue & Morris Bridge Road Wesley Chapel FL 33541 Prospective 106 Land O'Lakes / Odessa 154 Summerset Senior NWC Eiland Blvd & Fort King Road Zephyrhills FL 33542 Prospective 86 Zephyr Hills 155 Tranquility at Indian Lake Blanton Road & Surratt Lane Dade City FL 33523 Prospective 84 Dade City 156 Cotee River 7616 Washington Street Port Richey FL 34668 Prospective 240 New Port Richey 157 Trinity Pines Preserve Townhomes Lytton Road & Mitchell Blvd New Port Richey FL 34653 Prospective 60 New Port Richey 158 Forest Oaks Boulevard 8101 Forest Oaks Blvd Spring Hill FL 34606 Prospective 117 Spring Hill 159 Spring Center Chalmer Street & Landover Blvd Spring Hill FL 34608 Prospective 750 Spring Hill 160 Spring Center Phase II Chalmer Street & Landover Blvd Spring Hill FL 34608 Prospective 750 Spring Hill 161 Venetian Isles 1800 South Pinellas Avenue Tarpon Springs FL 34689 Prospective 86 Palm Harbor / Tarpon Springs Total Prospective 28,750

TOTAL TAMPA 46,849 Source: Yardi Matrix Yardi Source:

© 2020 Berkadia Real Estate Advisors LLC. Berkadia® is a trademark of Berkadia Proprietary Holding LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker License #01931050; Vincent B. Norris, CA BRE Lic. # 843890. Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701; and Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details visit: http://www.berkadia.com/legal/licensing.aspx. The information and details contained within this report have been obtained from a third-party and believed to be accurate; however, Berkadia has not independently verified its accuracy. Date of survey: October 2020