Jacksonville New Construction & Proposed Multifamily Projects

Jacksonville New Construction & Proposed Multifamily Projects 3Q19

ID PROPERTY UNITS 3 Riverside St. Johns 125 5 SoBa 147 6 Lofts at Jefferson Station 133 9 Residences at Barnett, The 107 Total Lease Up 512

13 Vista Brooklyn 308 21 San Marco Promenade 284 22 5220 Atlantic Blvd 80 Total Under Construction 672

24 District, The 552 Baptist Medical 25 Hendricks Avenue 345 Center Jacksonville 26 Kings Avenue Station 90 27 South Shore 185 28 East San Marco 239 Total Planned 1,411

38 San Marco Crossing 290 39 San Marco Promenade Phase II 226 41 District Phase II, The 618 42 District, The 100 44 Jacksonville Jaguars Lot J 500 45 Kings Avenue Station Phase II 300 46 LaVilla Townhomes 70 47 Lofts at Cathedral 140 48 North Julia Street 200 Union Terminal Warehouse 49 Redevelopment 185 50 Vestcor LaVilla 70 51 Park Place at San Marco 135 Total Prospective 2,834 2000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Jacksonville New Construction & Proposed Multifamily Projects 3Q19

ID PROPERTY UNITS 1 Vintage Amelia Island 224 8 RiverVUE 228 10 Waters Ridge Phase II 72 Total Lease Up 524

19 Volaris West Kernan 301 20 Wildlight 276 Total Under Construction 577

29 Terrabella 253 30 Lane Avenue 120 32 Preserve at Island Pointe, The 192 Total Planned 565

40 Arlingwood Avenue Town Homes 191 43 Edgewood Avenue 101 52 Roosevelt Square Redevelopment 100 57 Beach & Kernan 198 58 11635 Tanager Drive 100 59 Deer Run in Buck Business Park 83 63 1st and 6th 50 64 Fiddler`s Reef 456 65 Main Street North PUD 238 66 Spartina Cove 270 84 Wildlight Phase II 721 85 William Burgess Blvd. & Harts Road 110

Total Prospective 2,618 2 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Jacksonville New Construction & Proposed Multifamily Projects 3Q19

ID PROPERTY UNITS 2 Oasis at Town Center, The 326 4 Sentosa Beachwalk 348 7 Isla Antigua 249 11 Luxor Club 464 12 Ciel 400 Total Lease Up 1,787

14 ETown Parcel E9 332 15 Satori Town Center 289 16 Gate Parkway 230 17 Gateway Village at Town Center 289 18 Bainbridge St. Johns Town Center 276 23 Le Montage 50 Total Under Construction 1,466

31 Plantation Bay 266 33 79 Masters Drive 100 34 Brisa Residences 256 Guana River 35 Landing at St. Augustine, The Phase II 100 Wildlife Management Total Planned 722 Area

36 Bridgewater 816

37 Olea at Nocatee 175 Guana 53 JTA 370 Tolomate Matanzas 54 Amare Vita 208 National... 55 Fusion 384 56 Village Center 650 60 Waypoint 339 61 Garden 250 62 Shoppes of Ponte Vedra Beach 250 67 Oakleaf Town Center 270 68 Saddle Brook Landings Phase II 216 69 Harmony at Baxley 86 77 Arbors at Lightsey Road, The 100 70 Landing, The 84 78 Cordova Palms 750 71 RiverTown 500 79 Court Theophelia 50 72 Artesia at Gran Park 296 80 Cross County Plaza 50 73 Greenbriar Downs 818 81 Epic Village Townhomes 188 74 Pavilion at Durbin Park, The 999 82 Moultrie Oaks Townhomes 66 75 Race Track & St. Johns Pkwy 400 83 Silverleaf Plantation 210

76 Springs at Flagler Center 240 Total Prospective 8,765 2 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Jacksonville 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 Vintage Amelia Island 111 Vintage Way Fernandina Beach FL 32034 Lease-Up 224 Fernandina Beach 04/01/2019 05/31/2020 06/17/2019 2 Oasis at Town Center, The 10667 Brightman Blvd Jacksonville FL 32246 Lease-Up 326 Pineland Gardens 11/01/2018 04/30/2020 06/25/2019 3 Riverside St. Johns 555 Bishopgate Lane Jacksonville FL 32204 Lease-Up 125 College Park/Springfield 12/31/2017 01/31/2020 08/27/2019 4 Sentosa Beachwalk County Road 210 & Old County Road 210 St. Johns FL 32259 Lease-Up 348 Bayard 10/31/2018 01/31/2020 08/05/2019 5 SoBa 1444 Home Street Jacksonville FL 32207 Lease-Up 147 College Park/Springfield 12/31/2018 12/31/2019 08/01/2019 6 Lofts at Jefferson Station 799 Water Street Jacksonville FL 32204 Lease-Up 133 College Park/Springfield 01/06/2019 12/31/2019 05/01/2019 7 Isla Antigua 655 West Marina Cove Drive St. Augustine FL 32080 Lease-Up 249 St Augustine 10/20/2018 11/30/2019 04/01/2019 8 RiverVUE 3946 St. Johns Avenue Jacksonville FL 32205 Lease-Up 228 San Jose 04/01/2017 11/30/2019 07/04/2018 9 Residences at Barnett, The 112 West Adams Street Jacksonville FL 32202 Lease-Up 107 College Park/Springfield 10/16/2017 10/31/2019 06/24/2019 10 Waters Ridge Phase II 2304 St Johns Bluff Road South Jacksonville FL 32246 Lease-Up 72 Oakwood Villa 04/30/2018 10/31/2019 01/01/2019 11 Luxor Club 13800 Egrets Nest Drive Jacksonville FL 32258 Lease-Up 464 Bayard 06/15/2018 10/31/2019 11/14/2018 12 Ciel 4929 Skyway Drive Jacksonville FL 32246 Lease-Up 400 Pineland Gardens 10/23/2017 10/31/2019 07/04/2018 Total Lease-Up 2,823 13 Vista Brooklyn 200 Riverside Avenue Jacksonville FL 32202 Under Construction 308 College Park/Springfield 06/30/2019 02/28/2021 14 ETown Parcel E9 9735 R G Skinner Pkwy Jacksonville FL 32256 Under Construction 332 Deerwood Club - east 07/01/2019 01/31/2021 15 Satori Town Center 10640 Satori Lane Jacksonville FL 32256 Under Construction 289 Deerwood Club - east 01/01/2019 01/31/2021 16 Gate Parkway Deerwood Park Blvd & Gate Pkwy Jacksonville FL 32256 Under Construction 230 Deerwood Club - east 05/25/2019 12/31/2020 17 Gateway Village at Town Center SWC Deerwood Park Blvd & Gate Pkwy Jacksonville FL 32256 Under Construction 289 Deerwood Club - east 04/01/2019 12/31/2020 18 Bainbridge St. Johns Town Center Betty Holzendorf Drive & Kernan Blvd South Jacksonville FL 32224 Under Construction 276 Southridge 03/22/2019 12/31/2020 19 Volaris West Kernan 12517 Beach Blvd Jacksonville FL 32246 Under Construction 301 Southridge 03/22/2019 12/31/2020 20 Wildlight Harper Chapel Road & State Road 200 Yulee FL 32097 Under Construction 276 Fernandina Beach 05/20/2019 05/31/2020 21 San Marco Promenade 2600 Philips Hwy Jacksonville FL 32207 Under Construction 284 South Jacksonville 07/23/2018 03/31/2020 22 5220 Atlantic Blvd 5220 Atlantic Blvd Jacksonville FL 32207 Under Construction 80 South Jacksonville 05/15/2019 12/31/2019 23 Le Montage 3050 East Old River Road Jacksonville FL 32223 Under Construction 50 Greenland 05/31/2016 12/31/2019 Total Under Construction 2,715 24 District, The 801 Broadcast Place Jacksonville FL 32207 Planned 552 College Park/Springfield 25 Hendricks Avenue 1230 Hendricks Avenue Jacksonville FL 32207 Planned 345 College Park/Springfield 26 Kings Avenue Station 1201 Kings Avenue Jacksonville FL 32207 Planned 90 College Park/Springfield 27 South Shore NWC Palm Avenue & Prudential Drive Jacksonville FL 32207 Planned 185 College Park/Springfield 28 East San Marco 1506 Atlantic Blvd Jacksonville FL 32207 Planned 239 San Jose 29 Terrabella 13723 Atlantic Blvd Jacksonville FL 32225 Planned 253 Beacon Hills

Source: Yardi Matrix Jacksonville 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 30 Lane Avenue 1839 Lane Avenue South Jacksonville FL 32210 Planned 120 Cedar Hills 31 Plantation Bay 7598 Plantation Bay Drive Jacksonville FL 32244 Planned 266 Ortega Hills 32 Preserve at Island Pointe, The 1000-1 Broward Ap & Broward Road Jacksonville FL 32218 Planned 192 Highlands 33 79 Masters Drive 79 Masters Drive St. Augustine FL 32084 Planned 100 St Augustine 34 Brisa Residences SWC Lightsey Road & State Road 207 St. Augustine FL 32084 Planned 256 St Augustine 35 Landing at St. Augustine, The Phase II 100 Lasa Drive St Augustine FL 32084 Planned 100 St Augustine Total Planned 2,698 36 Bridgewater County Road 210 & Interstate 95 Saint Augustine FL 32092 Prospective 816 37 Olea at Nocatee Cross Town & Preservation Trail Jacksonville FL 32256 Prospective 175 38 San Marco Crossing 2118 Kings Avenue Jacksonville FL 32207 Prospective 290 South Jacksonville 39 San Marco Promenade Phase II 2600 Philips Hwy Jacksonville FL 32207 Prospective 226 South Jacksonville 40 Arlingwood Avenue Town Homes 8159 Arlington Expwy Jacksonville FL 32211 Prospective 191 Oakwood Villa 41 District Phase II, The 801 Broadcast Place Jacksonville FL 32207 Prospective 618 College Park/Springfield 42 District, The 21 West Church Street Jacksonville FL 32202 Prospective 100 College Park/Springfield 43 Edgewood Avenue 840 Edgewood Avenue South Jacksonville FL 32205 Prospective 101 College Park/Springfield 44 Jacksonville Jaguars Lot J NEC Gator Bowl Blvd & North Georgia Street Jacksonville FL 32202 Prospective 500 College Park/Springfield 45 Kings Avenue Station Phase II 1202 Kings Avenue Jacksonville FL 32207 Prospective 300 College Park/Springfield 46 LaVilla Townhomes West Forsyth Street & Johnson Street Jacksonville FL 32204 Prospective 70 College Park/Springfield 47 Lofts at Cathedral 325 East Duval Street Jacksonville FL 32202 Prospective 140 College Park/Springfield 48 North Julia Street 404 North Julia Street Jacksonville FL 32202 Prospective 200 College Park/Springfield 49 Union Terminal Warehouse Redevelopment 700 East Union Street Jacksonville FL 32206 Prospective 185 College Park/Springfield 50 Vestcor LaVilla East Adams Street & Forsyth Street Jacksonville FL 32202 Prospective 70 College Park/Springfield 51 Park Place at San Marco 2137 Hendricks Avenue Jacksonville FL 32207 Prospective 135 San Jose 52 Roosevelt Square Redevelopment 4529 Roosevelt Blvd Jacksonville FL 32210 Prospective 100 San Jose 53 JTA A C Skinner Pkwy & Southside Blvd Jacksonville FL 32256 Prospective 370 Deerwood Club - west 54 Amare Vita Burnt Mill Road & Gate Pkwy Jacksonville FL 32256 Prospective 208 Deerwood Club - east 55 Fusion NEC Baymeadows Road East & Homeplace Drive Jacksonville FL 32256 Prospective 384 Deerwood Club - east 56 Village Center SEC Interstate 295 & J Turner Butler Blvd Jacksonville FL 32224 Prospective 650 Deerwood Club - east 57 Beach & Kernan Beach Blvd & Kernan Blvd Jacksonville FL 32246 Prospective 198 San Pablo 58 11635 Tanager Drive 11635 Tanager Drive Jacksonville FL 32225 Prospective 100 Beacon Hills 59 Deer Run in Buck Business Park Fort Caroline Road & Merrill Road Jacksonville FL 32225 Prospective 83 Beacon Hills

Source: Yardi Matrix Jacksonville 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 60 Waypoint 4915 Collins Road Jacksonville FL 32244 Prospective 339 Ortega Hills Ponte Vedra 61 Garden SEC Cross Town & Valley Ridge Blvd Beach FL 32081 Prospective 250 Ponte Vedra Beach Ponte Vedra 62 Shoppes of Ponte Vedra Beach 330 Highway A1A Beach FL 32082 Prospective 250 Ponte Vedra Beach Jacksonville 63 1st and 6th 1st Street North & 6th Avenue North Beach FL 32250 Prospective 50 Neptune Beach 64 Fiddler`s Reef 2781 Mayport Road Jacksonville FL 32233 Prospective 456 Mayport 65 Main Street North PUD Drury Lane & North Main Street Jacksonville FL 32218 Prospective 238 Highlands 66 Spartina Cove Cole Road & Interstate 95 Jacksonville FL 32218 Prospective 270 Highlands 67 Oakleaf Town Center Argyle Forest Blvd & Merchants Way Jacksonville FL 32222 Prospective 270 Jacksonville Heights 68 Saddle Brook Landings Phase II 3037 John Hancock Court Jacksonville FL 32221 Prospective 216 Jacksonville Heights 69 Harmony at Baxley Baxley Road & Country Pines Drive Middleburg FL 32068 Prospective 86 Orange Park 70 Landing, The SEC Blanding Blvd & Old Jennings Road Middleburg FL 32068 Prospective 84 Orange Park 71 RiverTown 39 Riverwalk Blvd St. Johns FL 32259 Prospective 500 Orange Park 72 Artesia at Gran Park Citicards Way & Flagler Center Blvd Jacksonville FL 32258 Prospective 296 Bayard 73 Greenbriar Downs Old County Road 210 & Veterans Pkwy St. Johns FL 32259 Prospective 818 Bayard 74 Pavilion at Durbin Park, The Interstate 95 & Race Track Road Jacksonville FL 32259 Prospective 999 Bayard 75 Race Track & St. Johns Pkwy Race Track Road & St. Johns Pkwy St. Augustine TX 32259 Prospective 400 Bayard 76 Springs at Flagler Center Old St Augustine Road & Philips Hwy Jacksonville FL 32258 Prospective 240 Bayard 77 Arbors at Lightsey Road, The Lightsey Road & Timberwood Drive St. Augustine FL 32084 Prospective 100 St Augustine 78 Cordova Palms US Route 1 & Venetian Blvd St. Augustine FL 32095 Prospective 750 St Augustine 79 Court Theophelia 6 Court Theophelia St. Augustine FL 32084 Prospective 50 St Augustine 80 Cross County Plaza NWC South Francis Road & State Route 16 St. Augustine FL 32092 Prospective 50 St Augustine 81 Epic Village Townhomes SEC Rolling Hills Drive & Theatre Drive St. Augustine FL 32086 Prospective 188 St Augustine 82 Moultrie Oaks Townhomes Moultrie Oaks Drive & Old Moultrie Road St. Augustine FL 32086 Prospective 66 St Augustine 83 Silverleaf Plantation Old County Road 210 & St. Johns Parkway St. Augustine FL 32092 Prospective 210 St Augustine 84 Wildlight Phase II Harper Chapel Road & State Road 200 Yulee FL 32097 Prospective 721 Fernandina Beach 85 William Burgess Blvd. & Harts Road William Burgess Blvd & Harts Road Yulee FL 32097 Prospective 110 Fernandina Beach Total Prospective 14,217 TOTAL JACKSONVILLE 22,453

© 2019 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. Source: Yardi Matrix 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