Detroit New Construction & Proposed Multifamily Projects 3Q17

ID PROPERTY UNITS 68 Troy Town Center 850 1 Montclair at Partridge Creek 613 69 Maple & Woodward 50 2 Orchard Brook 274 70 North Old Woodward & Bates Street 100 3 Lakeside Boulevard Townhomes 92 71 Woodward Avenue 50 4 River Birch Bend 140 72 Orchard Mews 200 5 Encore at Ashby Preserve 75 73 Thomas Street 155 6 Starkweather Lofts 93 74 Milford Place Project 100 7 Abbey Ridge Apartment Homes 140 75 Sycamore Glen Phase II 90 7 40 8 28 Grand 218 76 Worthington Crossing Phase II 58 9 Orleans Landing 278 77 Brewster - Douglass Site 850 10 Parkways, The 148 78 Midtown West 175 11 Peninsula Ridge 138 79 Sugar Hill 84 Total Lease-Up 2,209 80 Woodbridge Estates Phase II 80 12 Elton Park 151 Total Prospective 5,593 13 Ferndalehaus Lofts 90 14 Philip Houze 106 15 Wellington Square 111 42 16 Mosaic of Auburn Hills 81 2 17 Woodward Avenue 50 41 18 Plaza, The 72 16 39 19 Farwell Building 82 Total Under Construction 743 20 150 BagleyRedevelopment 148 76 75 21 City Club 288 43 22 Detroit Free Press Building, The 100 10 3 4 23 Gabriel Houze 110 1 24 Hastings Place 60 25 Hudson's Building Site 250 74 26 Shapero Hall 180 38 27 Arena Lofts, The 153 37 35 68 28 One Eleven West 80 69 36 66 5 29 Albert Kahn Building Redevelopment 162 71 67 70 30 Cass and York 133 72 31 Michigan State Fairgrounds 200 32 400 North Main 56 64 33 Harrison Phase II 76 65 34 SoMa 240 34 32 35 City Center Building 220 13 33 36 McClure 140 73 37 Beechcrest Phase II 68 60 38 Milford Lofts 100 31 39 City 60 40 Abbey Ridge Apartment Homes Phase II 100 41 Blossom Ridge 189 63 62 42 Encore at Deerhill Villas 92 6 43 Worthington Crossing 86 44 Brush Park Redevelopment 303 45 Eddystone Hotel Redevelopment 100 55 46 Russell Flats, The 82 47 Woodward at Midtown, The 110 15 48 Third and Grand 231 49 Corner, The 105 29 Total Planned 4,222 48 17 50 Gateway Center Building Redevelopment 200 51 National Theatre Block 100 30 52 Orleans Landing Phase II 230 53 American, The 163 Brewster Wheeler Recreation Center Redevel- 56 54 opment 150 55 Packard Plant Phase III 100 79 56 Sanctuary Homeless Housing, The 75 58 59 57 Temple Street 100 18 54 58 Wayne State University Mixed-Use 248 46 59 Jefferson Avenue & Van Dyke Street 63 78 47 44 77 60 Michigan State Fairgrounds Phase II 300 80 53 61 Elton Park Phases II - IV 250 45 11 LEGEND 57 62 Inn At St. Johns Mixed-Use, The 234 27 28 25 26 Lease-Up 63 Village at Northville, The 190 20 21 24 Under Construction 64 Little Mack Avenue 60 9 49 61 14 23 8 Planned 65 Royal Oak Mixed - Use 92 51 66 Big Beaver Road 96 12 19 50 52 Prospective 67 Millennial Place 100 22 5 mi Source: Yardi Matrix

a Berkshire Hathaway and Leucadia National company Detroit New Construction & Proposed Multifamily Projects

FORECASTED ID PROPERTY NAME ADDRESS CITY STATE ZIP OWNER NAME STATUS UNITS SUBMARKET PERMIT DATE COMPLETION DATE START OF RENT-UP 1 Montclair at Partridge Creek 17721 Montage West Clinton Township MI 48038 Moceri Companies Lease-Up 613 Clinton Township - west 09/08/2015 12/31/2018 05/30/2016 2 Orchard Brook 57163 Cypress Street Washington Township MI 48042 Redwood Living Lease-Up 274 Washington\Richmond 06/01/2015 12/31/2018 03/01/2016 3 Lakeside Boulevard Townhomes 14759 Lakeside Blvd North Shelby Township MI 48315 Woodlake Homes Lease-Up 92 Shelby Township 06/01/2015 08/31/2018 02/01/2016 4 River Birch Bend 45800 Beacon Drive Shelby Township MI 48315 Redwood Living Lease-Up 140 Shelby Township 08/01/2015 03/31/2018 08/15/2016 5 Encore at Ashby Preserve 25879 Ashby Drive Harrison Township MI 48045 Fairview Builders Lease-Up 75 Harrison Township 12/01/2015 12/31/2017 06/14/2016 6 Starkweather Lofts 333 Plymouth Road Plymouth MI 48170 Burton-Katzman Lease-Up 93 Canton\Plymouth 01/15/2016 11/30/2017 05/15/2017 7 Abbey Ridge Apartment Homes 211 East Market Street Oxford MI 48371 Burton-Katzman Lease-Up 140 Clarkston\Orion 09/01/2016 10/31/2017 04/21/2017 8 28 Grand 28 Grand River Avenue Detroit MI 48226 Rock Companies Lease-Up 218 Detroit - Downtown 03/07/2016 10/31/2017 02/20/2017 9 Orleans Landing 229 Orleans Street Detroit MI 48207 McCormack Baron Salazar Lease-Up 278 Detroit - Downtown 10/23/2015 09/30/2017 08/31/2016 10 Parkways, The 124 Optimist Road Auburn Hills MI 48326 Moceri Companies Lease-Up 148 Auburn Hills 11/30/2015 09/30/2017 06/01/2016 11 Peninsula Ridge 24881 Redwood Blvd Brownstown MI 48134 Redwood Living Lease-Up 138 Woodhaven\Brownstown 07/01/2015 09/30/2017 03/31/2016 TOTAL LEASE-UP 2,209 12 Elton Park 8th Street & Plum Street Detroit MI 48216 Soave Enterprises Under Construction 151 Detroit - south 07/24/2017 09/30/2018 13 Ferndalehaus Lofts 430 West Nine Mile Road Ferndale MI 48220 Arbor Investment Group Under Construction 90 Royal Oak\Oak Park 10/24/2016 05/31/2018 14 Philip Houze 415 Clifford Street Detroit MI 48226 Barbat Holdings Under Construction 106 Detroit - Downtown 08/29/2016 03/31/2018 15 Wellington Square 59 Seward Avenue Detroit MI 48202 Shelborne Development Under Construction 111 Detroit - New Center 03/20/2017 03/31/2018 16 Mosaic of Auburn Hills 3329 Antigua Drive Auburn Hills MI 48326 Sky Cap Ventures Under Construction 81 Auburn Hills 03/14/2016 01/31/2018 17 Woodward Avenue 6408 Woodward Avenue Detroit MI 48202 Platform, The Under Construction 50 Detroit - New Center 04/30/2017 12/31/2017 18 Plaza, The 3800 Woodward Avenue Detroit MI 48201 Roxbury Group, The Under Construction 72 Detroit - Midtown 04/14/2016 11/30/2017 19 Farwell Building 1249 Griswold Street Detroit MI 48226 Buildtech Limited Under Construction 82 Detroit - Downtown 08/02/2016 10/31/2017 TOTAL UNDER CONSTRUCTION 743 20 150 BagleyRedevelopment 150 Bagley Avenue Detroit MI 48226 Olympia Development of Michigan Planned 148 Detroit - Downtown 21 City Club 1539 Washington Blvd Detroit MI 48226 City Club Apartments Planned 288 Detroit - Downtown 22 Detroit Free Press Building, The 321 West Lafayette Blvd Detroit MI 48226 Bedrock Real Estate Services Planned 100 Detroit - Downtown 23 Gabriel Houze 305 Michigan Avenue Detroit MI 48226 Barbat Holdings Planned 110 Detroit - Downtown 24 Hastings Place 1468 Randolph Street Detroit MI 48226 Jackson, Hiram E. Planned 60 Detroit - Downtown 25 Hudson's Building Site 1206 Woodward Avenue Detroit MI 48226 Bedrock Real Estate Services Planned 250 Detroit - Downtown 26 Shapero Hall 1010 Rivard Street Detroit MI 48207 Loft Place Planned 180 Detroit - Downtown 27 Arena Lofts, The 120 Henry Street Detroit MI 48201 Olympia Development of Michigan Planned 153 Detroit - Midtown 28 One Eleven West 111 Henry Street Detroit MI 48201 Olympia Development of Michigan Planned 80 Detroit - Midtown 29 Albert Kahn Building Redevelopment 7430 2nd Avenue Detroit MI 48202 Platform, The Planned 162 Detroit - New Center 30 Cass and York 445 York Street Detroit MI 48202 Platform, The Planned 133 Detroit - New Center 31 Michigan State Fairgrounds State Fair Avenue & Woodward Avenue Detroit MI 48203 McCormack Baron Salazar Planned 200 Detroit - north 32 400 North Main 400 North Main Street Royal Oak MI 48067 Versa Development Planned 56 Royal Oak\Oak Park 33 Harrison Phase II Knowles Street & East Harrison Avenue Royal Oak MI 48067 Mamou, Habib Putrus Planned 76 Royal Oak\Oak Park 34 SoMa South Main Street & West 10 Mile Road Royal Oak MI 48067 Singh Development Planned 240 Royal Oak\Oak Park 35 City Center Building 888 West Big Beaver Road Troy MI 48084 Unicorp National Developments Planned 220 Troy 36 McClure 3142 McClure Drive Troy MI 48084 Sterling Luxury Estates Planned 140 Troy 37 Beechcrest Phase II 2799 Heron Hills Drive Wolverine Lake MI 48390 Redwood Living Planned 68 Wixom\Walled Lake 38 Milford Lofts 300 East Huron Street Milford MI 48381 Burton-Katzman Planned 100 South Lyon\Milford 39 City 1468 North Rochester Road Rochester MI 48307 Aragona Properties Planned 60 Rochester Hills 40 Abbey Ridge Apartment Homes Phase II 211 East Market Street Oxford MI 48371 Burton-Katzman Planned 100 Clarkston\Orion 41 Blossom Ridge Adams Road & Dutton Road Oakland Township MI 48306 Moceri Companies Planned 189 Clarkston\Orion 42 Encore at Deerhill Villas NEC Deerhill Drive & Dixie Hwy Clarkston MI 48346 Fairview Companies Planned 92 Holly\White Lake 43 Worthington Crossing SWC Highland Road & Bogie Lake Road White Lake Charter Township MI 48383 Redwood Living Planned 86 Holly\White Lake 44 Brush Park Redevelopment Alfred Street & Brush Street Detroit MI 48201 Bedrock Real Estate Services Planned 303 Detroit - Midtown 45 Eddystone Hotel Redevelopment 110 Sproat Street Detroit MI 48201 Olympia Development of Michigan Planned 100 Detroit - Midtown 46 Russell Flats, The 2801 Russell Street Detroit MI 48207 Jonna Luxury Homes Planned 82 Detroit - Midtown 47 Woodward at Midtown, The 3439 Woodward Avenue Detroit MI 48201 Jenkin Construction Planned 110 Detroit - Midtown 48 Third and Grand 2921 West Grand Blvd Detroit MI 48202 Platform, The Planned 231 Detroit - New Center 49 Corner, The 1620 Michigan Avenue Detroit MI 48216 Larson Realty Group Planned 105 Detroit - south TOTAL PLANNED 4,222

Source: Yardi Matrix Detroit New Construction & Proposed Multifamily Projects

FORECASTED ID PROPERTY NAME ADDRESS CITY STATE ZIP OWNER NAME STATUS UNITS SUBMARKET PERMIT DATE COMPLETION DATE START OF RENT-UP 50 Gateway Center Building Redevelopment 1101 Washington Blvd Detroit MI 48226 Buildtech Limited Prospective 200 Detroit - Downtown 51 National Theatre Block Farmer Street & Monroe Avenue Detroit MI 48226 Bedrock Real Estate Services Prospective 100 Detroit - Downtown 52 Orleans Landing Phase II Atwater Street & Orleans Street Detroit MI 48207 McCormack Baron Salazar Prospective 230 Detroit - Downtown 53 American, The 408 Temple Street Detroit MI 48201 Olympia Development of Michigan Prospective 163 Detroit - Midtown Brewster Wheeler Recreation Center Redevelop- 54 ment 2900 St. Antoine Street Detroit MI 48201 Detroit Housing Commission Prospective 150 Detroit - Midtown 55 Packard Plant Phase III 1580 Grand Blvd East Detroit MI 48211 Arte Express Detroit Prospective 100 Detroit - Midtown 56 Sanctuary Homeless Housing, The Gratiot Avenue & Mack Avenue Detroit MI 48207 Neighborhood Service Organization Prospective 75 Detroit - Midtown 57 Temple Street 640 Temple Street Detroit MI 48201 400 Monroe Associates Prospective 100 Detroit - Midtown 58 Wayne State University Mixed-Use West Canfield Street & Cass Avenue Detroit MI 48201 Broder & Sachse Real Estate Services Prospective 248 Detroit - Midtown Mainstreet Empowerment and Housing 59 Jefferson Avenue & Van Dyke Street 7903 East Jefferson Avenue Detroit MI 48214 Prospective 63 Detroit - east Organization 60 Michigan State Fairgrounds Phase II State Fair Avenue & Woodward Avenue Detroit MI 48203 McCormack Baron Salazar Prospective 300 Detroit - north 61 Elton Park Phases II - IV Plum Street & 8th Street Detroit MI 48216 Soave Enterprises Prospective 250 Detroit - south 62 Inn At St. Johns Mixed-Use, The 44045 Five Mile Road Plymouth MI 48170 Roman Catholic Archdiocese of Detroit Prospective 234 Canton\Plymouth 63 Village at Northville, The NWC Beck Road & 5 Mile Road Northville MI 48168 REDICO Prospective 190 Canton\Plymouth 64 Little Mack Avenue 2900 Little Mack Avenue Saint Clair Shores MI 48081 Curis Entreprises Prospective 60 St. Claire Shores\Gross Pointe 65 Royal Oak Mixed - Use West 6th Street & South Lafayette Avenue Royal Oak MI 48067 Burton-Katzman Prospective 92 Royal Oak\Oak Park 66 Big Beaver Road Bellingham Drive & East Big Beaver Road Troy MI 48083 Najor Companies Prospective 96 Troy 67 Millennial Place 1300 Livernois Road Troy MI 48083 S.R. Jacobson Companies Prospective 100 Troy 68 Troy Town Center East Big Beaver Road & Livernois Road Troy MI 48083 City of Troy Prospective 850 Troy 69 Maple & Woodward 34952 Woodward Avenue Birmingham MI 48009 Group 10 Management Prospective 50 Bloomfield Hills\Birmingham 70 North Old Woodward & Bates Street North Old Woodward Street & West Maple Road Birmingham MI 48012 City Of Birmingham Prospective 100 Bloomfield Hills\Birmingham 71 Woodward Avenue 34965 Woodward Avenue Birmingham MI 48009 Alden Development Group Prospective 50 Bloomfield Hills\Birmingham 72 Orchard Mews 7100 Orchard Lake Road West Bloomfield MI 48322 Beztak Companies Prospective 200 Farmington Hills\West Bloomfield 73 Thomas Street Thomas Street & Warner Street Farmington MI 48336 Arco Construction Prospective 155 Farmington Hills\West Bloomfield 74 Milford Place Project 505 North Main Street Milford MI 48381 Milford Downtown Development AuthorityProspective 100 South Lyon\Milford 75 Sycamore Glen Phase II 1 Carnegie Way Macomb MI 48042 Redwood Living Prospective 90 Chesterfield\New Baltimore 76 Worthington Crossing Phase II SWC Highland Road & Bogie Lake Road White Lake Charter Township MI 48383 Redwood Living Prospective 58 Holly\White Lake 77 Brewster - Douglass Site 2900 St. Antoine Street Detroit MI 48201 Detroit Housing Commission Prospective 850 Detroit - Midtown 78 Midtown West 901 Selden Street Detroit MI 48201 Hardamon, Roderick A. Prospective 175 Detroit - Midtown 79 Sugar Hill John R Street & Garfield Street Detroit MI 48201 Preservation of Affordable Housing Prospective 84 Detroit - Midtown 80 Woodbridge Estates Phase II 1200 Martin Luther King Jr Blvd Detroit MI 48201 Slavik Management Prospective 80 Detroit - Midtown TOTAL PROSPECTIVE 5,593

TOTAL DETROIT 12,767

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