Miami New Construction & Proposed Multifamily Projects 3Q17

ID PROPERTY UNITS 83 Kirra's 55 1 Solitair 438 84 264th Street & 147th Avenue 417 2 Panorama Tower 821 85 Alcazar Phase III 168 3 Sofia, The 213 86 Preserve at Coral Town Park, The 84 4 South Pointe 252 87 26 174 88 Gallery at West 287 5 Altis at Bonterra 314 7 6 Mirador at Doral 332 89 Caribbean Village 123 Total Planned 14,707 7 MiLa 681 96 8 Modera Metro 422 90 170th Street 245 9 2500 Biscayne 156 91 Lucida Palmetto 108 42 40 10 Bay Midtown Residences 175 92 NW 102nd Avenue & NW 170th Street 2000 38 94 44 Total Lease-Up 3,804 93 7925 West 2nd Court 150 90 22 45 97 94 NW 183rd Street & NW 29th Court 90 92 11 Quadro 198 41 43 12 Park-Line MiamiCentral 280 95 Bridge Crossings 74 96 District, The 214 91 13 Liberty Square Phase IA 240 5 98 14 Modera Riverhouse 292 97 Intracoastal Mall 600 39 99 46 15 Midtown 6 447 98 14752 NE 6th Avenue 66 16 Biscayne 27 330 99 SoLe Mia Phase II 3990 93 17 Village at Deering Groves 280 100 Causeway Village 297 100 18 Overture 218 101 2200 East 4th Avenue 4400 19 Maizon at Brickell 262 102 Apogean Pointe 68 20 Modera 297 103 Liberty Square Phase IIIB 144 104 Liberty Square Phase IVC 120 21 Square Station 710 115 22 Noma North Miami Beach 347 105 Liberty Square Phase IVD 240 23 NW 87th Avenue & NW 41st Street 231 106 Market Station Development 2057 51 28 101 95 34 24 Miami Worldcenter 7th Street 450 107 Superior Manor Phase II 101 109 111 108 Sweet River 108 110 25 Motion at Dadeland 294 104 114 48 26 Alcazar Phase I & II 288 109 Villages II, The 230 119 105 110 Villages III, The 192 35 47 27 Heights at Coral Town Park, The 180 23 28 Villas de Las Palmas 226 111 7000 Biscayne Blvd 85 112 Eastside Ridge 2798 121 120 29 Avant at Met Square 391 117 30 Pearl Midtown 29 309 113 3801 Biscayne Blvd 136 114 5700 Biscayne Blvd 300 6 31 Vice 464 49 32 Aura, The 100 115 Ocean Terrace 55 142 116 116 947 100 33 Modera Douglas Station Phase II 181 68 50 34 Triton Center 325 117 Alton Road Mixed Use 250 141 143 118 Miami Beach Marina 250 140 35 Landmark South 420 148 118 36 Gables Columbus Center 200 119 8400 NW 53rd Street 231 37 Soleste West Gables Phase II 221 120 Atrium at Doral 350 121 Overture at Downtown Doral South 193 37 76 36 32 Total Under Construction 8,181 152 147 38 Plaza Pointe 71 122 1543 NW South River Drive 63 77 3 73 123 1900 NE 358 39 Mosaic Apartments at Opa Locka 104 150 79 153 75 74 40 Aventura Greynolds Village 139 124 2000 Biscayne Blvd 393 69 41 Canopies, The 52 125 1133 SW 2nd Avenue 196 146 33 126 1366 NE 1st Avenue 630 42 5 Park 415 154 149 112 43 Marina del Mar II 256 127 200 South Miami 1020 155 107 128 40 NW 3rd Street 300 71 44 Riverwalk North Miami Beach 730 70 13 129 54 West Flagler 397 18 72 45 Uptown 163 198 25 144 106 46 SoLe Mia 397 130 Art Plaza 630 103 131 City of Miami Headquarters Redevelopment 900 145 8 47 101 Hialeah Drive 105 11 10 48 Legion East 237 132 Falls at Grand Central, The 250 102 133 Flagler Square 100 113 49 Belle Isle 172 26 108 15 50 Wave, The 323 134 Innovation District 250 55 51 Grand Doral 195 135 NE 2nd Street & North Miami Avenue 328 57 136 Resorts World Miami 100 56 52 1836 Biscayne Boulevard 352 30 16 53 1900 Biscayne Boulevard 429 137 World Trade Center of the Americas 400 58 87 54 Arts Luxury 200 138 Casa Luna 79 59 9 20 55 Midtown 7 391 139 Reflections 138 165 124 56 Midtown 8 387 140 275 Fontainebleau Blvd 133 123 141 6950 NW 7th Street 471 53 57 Midtown East 700 80 54 52 142 Oasis at Blue Lagoon 272 157 58 Wynwood 25 289 156 81 158 130 59 Wynwood Square 241 143 Soleste Blue Lagoon 330 134 126 136 144 6075 150 21 60 Brickell Ridge Redevelopment 243 82 127 61 Downtown 56 432 145 9600 South Dixie Hwy 420 159 122 14 65 146 3811 Shipping Avenue 153 132 64 62 Liquid Lofts 482 63 63 Luma at Miami Worldcenter 429 147 Metrorail 250 139 12 24 137 148 Coral Gables City Center 270 89 135 64 Miami Worldcenter Block E 418 166 129 128 31 65 Miami Worldcenter Block G Phase II 413 149 Link at Douglas Phase II 302 133 150 Link at Douglas Phases III & IV 380 83 138 67 62 66 Nexus Riverside 462 66 61 67 Presidente Supermarket 96 151 Yacht Club at Brickell Phase II 572 29 152 3750 South Dixie Hwy 192 131 68 5800 Blue Lagoon Drive 241 1 69 Central Park 77 153 Gables Ponce Phase III 210 88 154 Paseo de la Riviera 234 162 151 70 Sunset Place 414 125 60 71 Modera Metro Phase II 422 155 San Remo Avenue & Venera Avenue 172 2 156 Mareas at Coral Reef Phase III, The 300 161 27 19 72 SW 70th Avenue & SW 85th Street 416 84 17 78 73 33 Alhambra Circle 189 157 Park View 308 86 74 Cassa Grove 116 158 Sandpiper Village 139 4 75 Link at Douglas 288 159 Soleste Bay Village 301 163 LEGEND 160 Blue Heaven Villas 100 85 76 Miracle Residences 282 164 Lease-Up 77 Villa Valencia 103 161 Lanai Landings 54 78 CCCC Miami Towers 500 162 Southern Villas Townhomes 100 Under Construction 163 SW 128th Place & SW 280th Street 193 79 Henry, The 122 Planned 80 Mareas at Coral Reef Phase II, The 192 164 Veranda Homestead 240 81 Mareas at Coral Reef, The 408 165 NW 2nd Avenue & NW 22nd Street 3482 Prospective 82 Atlantico at Palmetto Bay 271 166 Caribbean Village Phase II 226 160 Total Prospective 36,728 2 mi Source: Yardi Matrix

a Berkshire Hathaway and Leucadia National company Miami 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 Solitair 86 SW 8th Street Miami FL 33130 ZOM Lease-Up 438 Brickell 06/11/2015 03/31/2018 09/01/2017 2 Panorama Tower 1101 Miami FL 33131 East Coast Realty Lease-Up 821 Brickell 10/15/2014 02/28/2018 07/01/2017 3 Sofia, The 2000 Salzedo Street Coral Gables FL 33134 Codina Partners Lease-Up 213 - Flagler 06/09/2015 12/31/2017 06/01/2017 4 South Pointe 13720 SW 272nd Street Homestead FL 33032 Pride Homes Lease-Up 252 Homestead 11/05/2015 12/31/2017 06/01/2017 5 Altis at Bonterra 3545 West 98th Street Hialeah FL 33018 Altman Companies Lease-Up 314 Country Club 02/15/2016 12/31/2017 04/01/2017 6 Mirador at Doral NEC NW 25th Street & NW 87th Avenue Doral FL 33172 Ram Real Estate Lease-Up 332 Doral 01/01/2016 11/30/2017 01/31/2017 7 MiLa 20901 San Simeon Way Miami FL 33179 Pasadena Communities Lease-Up 681 Norland 01/01/2015 11/30/2017 02/01/2016 8 Modera Metro 8217 SW 72nd Avenue Miami FL 33143 Mill Creek Residential Trust Lease-Up 422 Glenvar Heights 04/01/2015 10/31/2017 06/01/2017 9 2500 Biscayne 2500 Biscayne Blvd Miami FL 33137 Greystone Lease-Up 156 Edgewater - Wynwood 10/01/2015 10/31/2017 04/01/2017 10 Miami Bay Midtown Residences 551 NE 39th Street Miami FL 33137 J. Milton & Associates Lease-Up 175 Morningside 02/01/2015 10/31/2017 01/01/2017 TOTAL LEASE-UP 3,804 11 Quadro 3900 Biscayne Blvd Miami FL 33137 Alta Developers Under Construction 198 Morningside 06/01/2017 06/30/2019 12 Park-Line MiamiCentral SWC NW 1st Avenue & NW 3rd Street Miami FL 33128 Florida East Coast Industries Under Construction 280 Downtown Miami 08/01/2017 02/28/2019 13 Liberty Square Phase IA 4750 NW 24th Court Miami FL 33142 Related Group Under Construction 240 Liberty City - Brownsville 08/01/2017 01/31/2019 14 Modera Riverhouse NW 11th Street & NW 11th Court Miami FL 33136 Mill Creek Residential Trust Under Construction 292 Allapattah 06/01/2017 01/31/2019 15 Midtown 6 3101 NE 1st Avenue Miami FL 33137 Magellan Development Group Under Construction 447 Edgewater - Wynwood 08/01/2017 01/31/2019 16 Biscayne 27 2701 Biscayne Blvd Miami FL 33137 Richman Group of Companies, The Under Construction 330 Edgewater - Wynwood 04/24/2017 12/31/2018 17 Village at Deering Groves 25640 SW 137th Avenue Naranja FL 33032 AHS Development Group Under Construction 280 Homestead 05/16/2017 12/31/2018 18 Overture Dadeland 7400 North Miami FL 33156 Greystar Under Construction 218 Glenvar Heights 12/27/2016 11/30/2018 19 Maizon at Brickell NWC SW 2nd Avenue & SW 12th Street Miami FL 33130 ZOM Under Construction 262 Downtown Miami 07/01/2017 10/31/2018 20 Modera Edgewater 411 NE 24th Street Miami FL 33137 Mill Creek Residential Trust Under Construction 297 Edgewater - Wynwood 08/01/2017 09/30/2018 21 Square Station 1424 NE Miami Place Miami FL 33132 Melo Development Under Construction 710 Downtown Miami 10/01/2016 09/30/2018 22 Noma North Miami Beach 2145 NE 164th Street North Miami Beach FL 33162 Rivergate Companies Under Construction 347 North Miami Beach 05/01/2017 08/31/2018 23 NW 87th Avenue & NW 41st Street NW 87th Avenue & NW 41st Street Doral FL 33166 Codina Partners Under Construction 231 Doral 08/01/2017 08/31/2018 24 Miami Worldcenter 7th Street 50 NE 7th Street Miami FL 33132 CIM Group Under Construction 450 Downtown Miami 11/23/2016 08/31/2018 25 Motion at Dadeland SW 83rd Street & SW 84th Street Miami FL 33143 Adler Group Under Construction 294 Glenvar Heights 12/01/2016 08/31/2018 26 Alcazar Phase I & II SW 152nd Avenue & SW 284th Street Naranja FL 33033 Alcazar Development Group Under Construction 288 Homestead 05/31/2017 05/31/2018 27 Heights at Coral Town Park, The 14401 SW 268th Street Naranja FL 33032 Fenix Contractors Under Construction 180 Homestead 03/15/2017 04/30/2018 28 Villas de Las Palmas 3500 West 9th Avenue Hialeah FL 33012 CFH Group Under Construction 226 Hialeah 02/28/2017 03/31/2018 29 Avant at Met Square 340 SE 3rd Street Miami FL 33132 ZOM Under Construction 391 Downtown Miami 01/15/2016 02/28/2018 30 Pearl Midtown 29 180 NE 29th Street Miami FL 33137 Morgan Group Under Construction 309 Edgewater - Wynwood 08/31/2016 01/31/2018 31 Vice 330 Biscayne Blvd Miami FL 33132 Property Markets Group Under Construction 464 Downtown Miami 06/01/2016 01/31/2018 32 Aura, The 1501 SW 37th Avenue Miami FL 33145 Greystone Under Construction 100 Coral Way - Flagler 06/01/2016 01/31/2018 33 Modera Douglas Station Phase II 3734 Miami FL 33146 Mill Creek Residential Trust Under Construction 181 Coral Way - Flagler 09/27/2016 01/31/2018 34 Triton Center 7880 Biscayne Blvd Miami FL 33138 Wu, Leo Under Construction 325 09/02/2015 12/31/2017 35 Landmark South NEC NW 58th Street & NW 107th Avenue Doral FL 33178 Falcone Group, The Under Construction 420 Doral 10/01/2016 12/31/2017 36 Gables Columbus Center 100 Alhambra Circle Coral Gables FL 33134 Gables Residential Under Construction 200 Coral Way - Flagler 04/01/2016 11/30/2017 37 Soleste West Gables Phase II 2101 SW 67th Avenue Miami FL 33155 Estate Companies, The Under Construction 221 West Miami 02/01/2016 10/31/2017 TOTAL UNDER CONSTRUCTION 8,181 38 Plaza Pointe SWC NW 183rd Street & NW 59th Avenue Hialeah FL 33015 Rafuls & Associates Planned 71 Country Club 39 Mosaic Apartments at Opa Locka 13800 NW 22nd Avenue Opa Locka FL 33054 VRM Companies Planned 104 Bunche Park 40 Aventura Greynolds Village 17990 West Dixie Hwy North Miami FL 33160 Transamerican Development Planned 139 North Miami Beach 41 Canopies, The 1640 NE 164th Street North Miami Beach FL 33162 Korik Realty Planned 52 North Miami Beach 42 5 Park 17071 West Dixie Hwy North Miami Beach FL 33160 VCM Builders Planned 415 Golden Beach 43 Marina del Mar II 100 Kings Point Drive Sunny Isles Beach FL 33160 Brunetti Organization Planned 256 Golden Beach 44 Riverwalk North Miami Beach 16375 Biscayne Blvd North Miami Beach FL 33160 Transamerican Development Planned 730 Golden Beach 45 Uptown 163 NE 163rd Street & Biscayne Blvd North Miami Beach FL 33160 CK Prive Group Planned 198 Golden Beach 46 SoLe Mia 15055 Biscayne Blvd North Miami Beach FL 33181 Turnberry Associates Planned 397 North Miami 47 101 Hialeah Drive 101 Hialeah Drive Hialeah FL 33010 OLA Development Group Planned 105 Liberty City - Brownsville 48 Legion East 6445 NE 7th Avenue Miami FL 33138 Global City Development Planned 237 Little Haiti 49 Belle Isle 31 Venetian Cswy Miami FL 33139 Euroamerican Group Planned 172 50 Wave, The 600 Alton Road Miami Beach FL 33139 Crescent Heights of America Planned 323 South Beach 51 Grand Doral SEC 112th Avenue & NW 82nd Street Doral FL 33178 Valdes, Pablo Planned 195 Doral 52 1836 Biscayne Boulevard 1836 Biscayne Blvd Miami FL 33132 Fifteen Group Planned 352 Edgewater - Wynwood 53 1900 Biscayne Boulevard 1900 Biscayne Blvd Miami FL 33132 Atlas Capital Group Planned 429 Edgewater - Wynwood 54 Arts Luxury 38 NE 17th Street Miami FL 33132 J. Milton & Associates Planned 200 Edgewater - Wynwood 55 Midtown 7 3001 NE 1st Avenue Miami FL 33137 Magellan Development Group Planned 391 Edgewater - Wynwood 56 Midtown 8 NE 29th Street & Midtown Blvd Miami FL 33137 Wood Partners Planned 387 Edgewater - Wynwood 57 Midtown East 2900 NE 2nd Avenue Miami FL 33137 AMLI Residential Planned 700 Edgewater - Wynwood 58 Wynwood 25 252 NW 25th Street Miami FL 33127 East End Capital Planned 289 Edgewater - Wynwood 59 Wynwood Square 2201 North Miami Avenue Miami FL 33127 One Real Estate Investment Planned 241 Edgewater - Wynwood 60 Brickell Ridge Redevelopment 1020 SW 1st Avenue Miami FL 33130 MDR Real Estate Planned 243 Downtown Miami 61 Downtown 56 56 SW 1st Street Miami FL 33130 Forse Holdings Planned 432 Downtown Miami 62 Liquid Lofts 35 SW 1st Street Miami FL 33130 Sieger Suarez Architects Planned 482 Downtown Miami 63 Luma at Miami Worldcenter NE 7th Street & NE 2nd Avenue Miami FL 33130 ZOM Planned 429 Downtown Miami 64 Miami Worldcenter Block E SWC NE 1st Avenue & NE 8th Street Miami FL 33132 Newgard Development Group Planned 418 Downtown Miami 65 Miami Worldcenter Block G Phase II SWC NE 1st Avenue & NE 7th Street Miami FL 33132 CIM Group Planned 413 Downtown Miami 66 Nexus Riverside 230 SW 3rd Street Miami FL 33034 Adler Group Planned 462 Downtown Miami Source: Yardi Matrix Miami 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 67 Presidente Supermarket NWC SW 7th Avenue & SW 1st Street Miami FL 33130 J.A. Valls Development Planned 96 Downtown Miami 68 5800 Blue Lagoon Drive 5800 Blue Lagoon Drive Miami FL 33126 Laurus Planned 241 West Miami 69 Central Park 6950 Bird Road Miami FL 33155 Menendez, Manuel Planned 77 South Miami 70 Sunset Place 5701 Sunset Drive South Miami FL 33146 Grass River Property Planned 414 South Miami 71 Modera Metro Phase II 8215 SW 72nd Street Miami FL 33143 Mill Creek Residential Trust Planned 422 Glenvar Heights 72 SW 70th Avenue & SW 85th Street SWC SW 70th Avenue & SW 85th Street Miami FL 33143 Rilea Group Planned 416 Glenvar Heights 73 33 Alhambra Circle 33 Alhambra Circle Coral Gables FL 33134 Florida East Coast Realty Planned 189 Coral Way - Flagler 74 Cassa Grove 2900 SW 28th Lane Miami FL 33133 Abington Properties Planned 116 Coral Way - Flagler 75 Link at Douglas & South Dixie Hwy Miami FL 33133 Adler Group Planned 288 Coral Way - Flagler 76 Miracle Residences 2551 Le Jeune Road Coral Gables FL 33134 Publix Planned 282 Coral Way - Flagler 77 Villa Valencia 501 Valencia Avenue Coral Gables FL 33134 TM Real Estate Group Planned 103 Coral Way - Flagler 78 CCCC Miami Towers 1420 South Miami Avenue Miami FL 33130 American Da Tang Group Planned 500 Brickell 79 Henry, The 4131 Laguna Street Coral Gables FL 33146 Trabold, Frank R. Planned 122 Coconut Grove 80 Mareas at Coral Reef Phase II, The & SW 124th Avenue Miami FL 33177 Ram Real Estate Planned 192 South Miami Heights 81 Mareas at Coral Reef, The Coral Reef Drive & SW 124th Avenue Miami FL 33177 Ram Real Estate Planned 408 South Miami Heights 82 Atlantico at Palmetto Bay 17945 Franjo Road Palmetto Bay FL 33157 FCI Residential Corporation Planned 271 Kendall 83 Kirra's 21401 SW 112th Avenue Goulds FL 33170 Espinal, Miguel Planned 55 Cutler Bay 84 264th Street & 147th Avenue SW 264th Street & SW 147th Avenue Princeton FL 33032 Treo Group Planned 417 Homestead 85 Alcazar Phase III SW 152nd Avenue and 284th Street Naranja FL 33033 Alcazar Development Group Planned 168 Homestead 86 Preserve at Coral Town Park, The SEC SW 264th Street & South Dixie Hwy Naranja FL 33032 Fenix Contractors Planned 84 Homestead 87 Wynwood 26 51 NW 26th Street Miami FL 33127 Related Group Planned 174 Edgewater - Wynwood 88 Gallery at West Brickell 955 SW 2nd Avenue Miami FL 33130 Related Group Planned 287 Downtown Miami 89 Caribbean Village NEC SW 200th Street & SW 110th Court Miami FL 33157 Miami-Dade Public Housing Agency Planned 123 South Miami Heights TOTAL PLANNED 14,707 90 170th Street NW 97th Avenue & NW 170th Street Hialeah FL 33018 FCI Residential Corporation Prospective 245 Country Club 91 Lucida Palmetto 15800 NW 77th Court Hialeah FL 33016 Premier Planning and Development Prospective 108 Country Club 92 NW 102nd Avenue & NW 170th Street NW 102nd Avenue & NW 170th Street Miami Lakes FL 33014 Graham Residential Prospective 2000 Country Club 93 7925 West 2nd Court 7925 West 2nd Court Hialeah FL 33014 Pacifica Real Estate Company Prospective 150 Hialeah 94 NW 183rd Street & NW 29th Court SWC NW 183rd Street & NW 29th Court Miami Gardens FL 33056 MAS Development Prospective 90 Miami Gardens 95 Bridge Crossings 2765 East 11th Avenue Hialeah FL 33013 Pascual, Adalberto M. Prospective 74 Opa-Locka 96 District, The 2681 NE 191st Street Miami FL 33180 CK Prive Group Prospective 214 Golden Beach 97 Intracoastal Mall 3501 Sunny Isles Blvd North Miami Beach FL 33160 Dezer Development Prospective 600 Golden Beach 98 14752 NE 6th Avenue 14752 NE 6th Avenue Miami FL 33161 Decorus Realty Prospective 66 North Miami 99 SoLe Mia Phase II 15045 Biscayne Blvd North Miami Beach FL 33181 Turnberry Associates Prospective 3990 North Miami 100 Causeway Village 1850 NE 123rd Street North Miami FL 33181 Taubco Properties Prospective 297 Miami Shores 101 2200 East 4th Avenue 2200 East 4th Avenue Hialeah FL 33013 Brunetti Organization Prospective 4400 Liberty City - Brownsville 102 Apogean Pointe SE 9th Court & SE 12th Street Hialeah FL 33010 MS Investment Services Prospective 68 Liberty City - Brownsville 103 Liberty Square Phase IIIB 4750 NW 24th Court Miami FL 33142 Miami-Dade Public Housing Agency Prospective 144 Liberty City - Brownsville 104 Liberty Square Phase IVC 4750 NW 24th Court Miami FL 33142 Related Group Prospective 120 Liberty City - Brownsville 105 Liberty Square Phase IVD 4750 NW 24th Court Miami FL 33142 Related Group Prospective 240 Liberty City - Brownsville 106 Market Station Development 725 SE 9th Court Hialeah FL 33010 Keating Resources Prospective 2057 Liberty City - Brownsville 107 Superior Manor Phase II 5155 NW 24th Avenue Miami FL 33142 Urban League of Greater Miami Prospective 101 Liberty City - Brownsville 108 Sweet River 3623 NW 36th Street Miami FL 33142 Nicolas Fernandez Prospective 108 Liberty City - Brownsville 109 Villages II, The NW 69th Street & NW 7th Avenue Miami FL 33150 Urban League of Greater Miami Prospective 230 Liberty City - Brownsville 110 Villages III, The NW 69th Street & NW 7th Avenue Miami FL 33150 Urban League of Greater Miami Prospective 192 Liberty City - Brownsville 111 7000 Biscayne Blvd 7000 Biscayne Blvd Miami FL 33138 Leoni Real Estate Corporation Prospective 85 Little Haiti 112 Eastside Ridge 5175 NE 2nd Court Miami FL 33137 Amsterdam Hospitality Prospective 2798 Little Haiti 113 3801 Biscayne Blvd 3801 Biscayne Blvd Miami FL 33137 Bloomberg Equities Prospective 136 Morningside 114 5700 Biscayne Blvd 5700 Biscayne Blvd Miami FL 33137 13th Floor Investments Prospective 300 Morningside 115 Ocean Terrace Ocean Terrace & 74th Street Miami Beach FL 33141 Claro Development Solutions Prospective 55 North Beach 116 947 Lincoln Road 947 Lincoln Road Miami Beach FL 33139 940 Lincoln Road Enterprises Prospective 100 South Beach 117 Alton Road Mixed Use 17th Street & Alton Road Miami Beach FL 33139 Turnberry Associates Prospective 250 South Beach 118 Miami Beach Marina 300 Alton Road Miami Beach FL 33139 Fort Partners Prospective 250 South Beach 119 8400 NW 53rd Street 8400 NW 53rd Street Miami FL 33166 Codina Partners Prospective 231 Doral 120 Atrium at Doral 7905 NW 36th Street Doral FL 33166 Trammell Crow Residential Prospective 350 Doral 121 Overture at Downtown Doral South NW 41st Street & NW 107th Avenue Doral FL 33178 Greystar Prospective 193 Doral 122 1543 NW South River Drive 1543 NW South River Drive Miami FL 33125 DenCity Development Prospective 63 Allapattah 123 1900 NE Miami Avenue 1900 NE Miami Court Miami FL 33132 Azora Realty Prospective 358 Edgewater - Wynwood 124 2000 Biscayne Blvd 2000 Biscayne Blvd Miami FL 33137 Verzasca Group Prospective 393 Edgewater - Wynwood 125 1133 SW 2nd Avenue 1133 SW 2nd Avenue Miami FL 33130 City of Miami Prospective 196 Downtown Miami 126 1366 NE 1st Avenue 1366 NE 1st Avenue Miami FL 33132 Melo Development Prospective 630 Downtown Miami 127 200 South Miami 200 South Miami Avenue Miami FL 33130 Fifteen Group Prospective 1020 Downtown Miami 128 40 NW 3rd Street 40 NW 3rd Street Miami FL 33128 Vadia Development Prospective 300 Downtown Miami 129 54 West Flagler 54 West Miami FL 33130 Alliance Private Capital Group Prospective 397 Downtown Miami 130 Art Plaza 1366 North 1st Avenue Miami FL 33132 Melo Development Prospective 630 Downtown Miami 131 City of Miami Headquarters Redevelopment 444 SW 2nd Avenue Miami FL 33130 Adler Group Prospective 900 Downtown Miami

Source: Yardi Matrix Miami 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 132 Falls at Grand Central, The 218 NW 8th Street Miami FL 33136 Miami Community Redevelopment Agency Prospective 250 Downtown Miami 133 Flagler Square 172 West Flagler Street Miami FL 33130 Biscayne Housing Group Prospective 100 Downtown Miami 134 Innovation District 1151 NW 1st Place Miami FL 33136 Innovative Development Group Prospective 250 Downtown Miami 135 NE 2nd Street & North Miami Avenue 200 North Miami Avenue Miami FL 33132 Mana, Moishe Prospective 328 Downtown Miami 136 Resorts World Miami 1455 Biscayne Blvd Miami FL 33132 Genting Americas Prospective 100 Downtown Miami 137 World Trade Center of the Americas 340 Biscayne Blvd Miami FL 33132 Montello, Louis R. Prospective 400 Downtown Miami 138 Casa Luna 45 NW 22nd Avenue Miami FL 33125 Housing Trust Group Prospective 79 139 Reflections 1000 NW 7th Street Miami FL 33136 J. Milton & Associates Prospective 138 Little Havana 140 275 Fontainebleau Blvd 275 Fontainebleau Blvd Miami FL 33172 The Gomez Development Group Prospective 133 Fountainbleau 141 6950 NW 7th Street 6950 NW 7th Street Miami FL 33126 Lointer Home Prospective 471 West Miami 142 Oasis at Blue Lagoon NW 7th Street & 65th Avenue Miami FL 33126 Ascend Properties Prospective 272 West Miami 143 Soleste Blue Lagoon 5479 NW 7th Street Miami FL 33127 Estate Investments Group Prospective 330 West Miami 144 6075 Sunset Drive 6075 Sunset Drive Miami FL 33143 Alta Developers Prospective 150 South Miami 145 9600 South Dixie Hwy 9600 South Dixie Hwy Miami FL 33156 Alta Developers Prospective 420 Glenvar Heights 146 3811 Shipping Avenue 3811 Shipping Avenue Miami FL 33146 Mast Capital Prospective 153 Coral Way - Flagler 147 Coconut Grove Metrorail NWC South Dixie Hwy & SW 27th Avenue Miami FL 33133 Grass River Property Prospective 250 Coral Way - Flagler 148 Coral Gables City Center 345 Andalusia Avenue Coral Gables FL 33134 Related Group Prospective 270 Coral Way - Flagler 149 Link at Douglas Phase II Douglas Road & South Dixie Hwy Miami FL 33133 Adler Group Prospective 302 Coral Way - Flagler 150 Link at Douglas Phases III & IV Douglas Road & South Dixie Hwy Miami FL 33133 Adler Group Prospective 380 Coral Way - Flagler 151 Yacht Club at Brickell Phase II 1111 Brickell Bay Drive Miami FL 33131 Aimco Prospective 572 Brickell 152 3750 South Dixie Hwy 3750 South Dixie Hwy Coconut Grove FL 33133 Cornerstone Group Prospective 192 Coconut Grove 153 Gables Ponce Phase III 4557 Ponce de Leon Blvd Coral Gables FL 33146 Gables Residential Prospective 210 Coconut Grove 154 Paseo de la Riviera 1350 South Dixie Hwy Coral Gables FL 33146 NP International Prospective 234 Coconut Grove 155 San Remo Avenue & Venera Avenue San Remo Avenue & Yumuri Street Coral Gables FL 33146 Shoma Group Prospective 172 Coconut Grove 156 Mareas at Coral Reef Phase III, The SW 124th Avenue & Coral Reef Drive Miami FL 33177 Ram Real Estate Prospective 300 South Miami Heights 157 Park View 9420 SW 174th Street Palmetto Bay FL 33157 Pugliese Company Prospective 308 Kendall 158 Sandpiper Village 9700 East Indigo Street Palmetto Bay FL 33157 Indigo Gardens Developers Prospective 139 Kendall 159 Soleste Bay Village 18301 South Dixie Hwy Palmetto Bay FL 33157 FCI Residential Corporation Prospective 301 Kendall 160 Blue Heaven Villas NW 7th Avenue & Lucy Street Florida City FL 33034 Howard, George Prospective 100 Florida City 161 Lanai Landings 14550 Mable Street Homestead FL 33032 Milton Construction Prospective 54 Homestead 162 Southern Villas Townhomes NWC SW 134th Avenue & SW 254th Street Homestead FL 33032 De Brasi Investments Prospective 100 Homestead 163 SW 128th Place & SW 280th Street SW 128th Place & SW 280th Street Homestead FL 33032 RE2000 Group Prospective 193 Homestead 164 Veranda Homestead 28201 SW 152nd Avenue Homestead FL 33033 Centennial Management Prospective 240 Homestead 165 NW 2nd Avenue & NW 22nd Street NW 2nd Avenue & NW 22nd Street Miami FL 33127 Mana, Moishe Prospective 3482 Edgewater - Wynwood 166 Caribbean Village Phase II NEC SW 200th Street & SW 110th Court Miami FL 33157 Miami-Dade Public Housing Agency Prospective 226 South Miami Heights TOTAL PROSPECTIVE 36,728

TOTAL MIAMI 63,420

© 2017 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 Source: Yardi Matrix