Austin New Construction & Proposed Multifamily Projects 2Q18

ID PROPERTY UNITS 89 Alexan Capitol 272 179 South Congress Avenue 268 204 Thomas Ranch 300 90 Avenue, The 135 180 550 205 110 1 Hanover Oak Hill 370 Granada Ridge East Street Village 91 Block 71 236 206 60 2 Inspire on 22nd 129 181 Santal Phase III, The 1412 Emli at Leander 92 Block 87 100 182 Hays Common 50 207 Leander Place 70 3 Ruckus 2.0, The 67 93 GreenWater Block 185 387 4 North Creek 310 183 Lenox Springs Phase II 260 208 Merritt Lakeline Station 200 94 Travis, The 422 184 Manchaca Commons 240 209 Pointe at Brushy Creek, The 150 5 Springs at Sunfield 256 95 AMLI South Shore Phase II 178 127 6 Palo Verde 596 185 Community First Village 100 210 Merritt Estates 300 96 Aspen Heights Riverside 325 186 Eastridge 300 112 211 Villagio at Forest Creek, The 110 7 Overture Arboretum 184 97 Lakeshore Pearl Redevelopment 425 8 Legacy 83 187 Sun Chase 760 57 212 Merritt Cornerstone 200 98 Lenox Oaks 356 188 893 213 Pointe at Mirror Lake, The 150 9 Walnut Park 283 99 Mont, The 288 Velocity Crossing 189 930 214 59 10 Park at Crystal Falls Phase II 238 100 South Shore District Phase IV 324 Lagos 308 Guadalupe Street 215 70 11 22 North 240 101 South Shore Highline 102 190 Belterra Village Senior Housing 200 Aria Grand 12 Crestview Commons 353 102 Saint Elmo Market District 386 191 Blanco River Walk 312 33 216 Cambrian East Riverside 65 13 Ace, The 330 103 Soco 261 192 Centerpoint Road & South Old Bastrop Hwy 300 32 217 Casa Madera 80 14 Santal Phase II, The 212 193 Emli at East Village 210 218 Colony Park 250 104 Saint Mary, The 240 70 131 15 Creekside on Parmer Lane 300 105 Garza Tract 369 194 Lindsey Hill 164 219 Indian Hills 100 16 Overture Domain 189 106 HC Cadence 100 195 McCarty 575 68 205 220 Merritt Manor 146 17 Nine at West Campus, The 98 107 Riverbend, The 400 196 Peques Street 200 206 113 132 221 Merritt Headwaters 80 18 Affinity at Round Rock 170 108 Wildhorse Ranch 1060 197 Sessom Creek 335 72 13 222 Residences at Kyle 128 19 Plum Creek Vue 180 109 Champion Homes At Parmer 280 198 Trace 850 11 207 10 18 71 223 Merritt Retreat 80 20 Gallery at Parkside and Edge 587 110 Concho Commons 310 199 Yarrington 200 Total Prospective 30,812 21 Haven at Thorpe Lane 183 111 View on the Square, The 120 200 Elgin 190 128 66 74 22 Westerly 360 189 130 210 4 112 Kaia Pointe 102 201 Attiva Lakeway 210 134 69 LEGEND 23 Estraya at Falcon Pointe 324 113 Hills At Leander 228 202 Lakeway City Center 214 67 211 24 LaMadrid 95 133 208 114 Elysium Grand 105 203 350 30 73 Lease-Up 25 Aspen Heights West Campus 166 Oaks at Lakeway, The 129 115 Austin Oaks Redevelopment 375 65 36 34 213 75 26 Affinity at Southpark Meadows 163 116 Saint John's West 297 209 135 Under Construction 27 1271 240 78 8 23 117 Travis Flats 146 77 Planned 28 Skyloft 212 118 Huston, The 381 223 212 142 29 Pointe San Marcos 300 119 Town Lake Lofts 218 81 79 Prospective 30 Regal Parc Phase II 123 120 Vi Collina 110 126 114 45 141 62 31 AMLI on Aldrich 318 56 80 121 Bridges at Canyon View 271 9 55 32 Hillstone at Wolf Ranch 332 122 Nightingale at Goodnight Ranch, The 174 204 7 54 35 Total Lease-Up 7,820 123 Whisper Valley 100 137 138 147 33 Carroll at Rivery Ranch 360 115 139 124 Western Springs 72 82 16 41 53 34 Hollybrook Ranch 336 201 51 140 125 Savoy at San Marcos, The 140 12 220 35 Davies Ranch Village 360 126 Vista Bella 72 136 20 76 52 15 36 Elizabeth at Presidio, The 373 203 116 189 200 Total Planned 17,286 109 37 Aura Riverside 368 127 Seven Strand 300 202 38 Villas on Nueces, The 99 128 Cross Creek 349 108 39 Highland Mall Phases II - III 390 129 Lakeline Gardens AA 190 40 Flats on Mariposa 100 130 Lakeline Mall & Lyndhurst 373 41 Flatiron Domain 372 131 Leander Crossing 400 123 42 Lyndon at Springtown, The 233 132 Northline 300 43 MUZE 158 133 Stonehaven 110 44 Plaza Saltillo 800 14 134 Davis Springs 262 22 45 Lenox Ridge 350 135 Auro 100 181 46 Guthrie, The 322 136 Shepherd Mountain 275 47 Cheatham Street Flats 120 1 137 9828 Great Hills Trail 372 180 105 48 Gables Republic Square 221 138 West Pickle 100 6 49 Edison, The 353 139 Modera Domain 354 104 121 50 Foremost 300 190 188 140 North Gateway Plaza 300 124 221 103 107 51 Lynd at Lake Travis, The 312 141 Parmer 8 1000 106 52 Broadstone Burnet 352 142 Tech Ridge Phase VI 50 26 50 186 53 Maravilla at the Domain 142 143 Crestview Highline 99 24 187 54 Alta Tech Ridge 230 144 Flats on Lamar 186 55 Heights on Parmer Phase II 80 184 183 122 145 Pearl, The 383 182 56 IO at Tech Ridge 351 146 Sixty Five 52 57 Merritt Heritage 244 147 Tech Ridge Residences 312 64 58 Flora 194 148 Highland Mall Phase IV 510 60 59 Marquis on 5th, The 226 149 Trails at Fort Creek, The 128 60 Hunters Crossing 182 150 Carruth Administration Center Redevelopment 50 5 61 Candela 115 151 Pressler Park 112 146 62 Commerce Place 254 152 2500 N Lamar 100 63 Braxton, The 52 153 Hilltop 200 143 Total Under Construction 8,349 154 Platform Phase II 70 145 64 Park at Estancia, The 320 148 155 Two Two Zero Four 200 19 144 39 65 Deerwood at Lakeline 270 156 UT Graduate Student Housing 342 63 66 Indigo Ridge North 1050 222 58 157 3212 East Cesar Chavez Street 306 117 67 Lakeline Crossing Phase II 203 158 Alta Trailhead 308 68 North Creek 259 159 Flats on Shady 290 17 69 Quest Village 333 160 Loyola Landing 300 199 3 31 218 70 Trailside Oaks 105 161 Nuevo Leon 200 152 153 28 71 Balcones, The 238 191 38 149 162 5th & Lavaca 320 85 155 154 72 Bass Pro Drive 500 163 6th + Guadalupe 349 196 2 73 District, The 900 197 43 156 164 99 Trinity Tower 360 110 21 83 84 160 185 74 Shadow Ridge 316 165 Austin American Statesman Newspaper Site Redevelopment 100 29 59 25 75 Stone Hill Luxury 200 42 167 219 166 Block 36 263 111 194 151 150 163 118 87 76 Domain Block L 182 167 Central Health Brackenridge Campus 200 89 86 77 Ballantyne 94 47 91 168 168 Depot Hotel Redevelopment 150 48 214 162 90 158 159 78 Commons at Heatherwilde and Pecan, The 260 169 Rainey District 100 27 92 161 61 46 79 Edenbrook Ridge 336 93 170 166 88 44 170 Red River Redevelopment 328 195 164 80 Newington 288 171 350 157 81 Santa Clara 308 Waller Park Place Tower B 125 193 169 171 95 172 313 94 100 82 Crestview Station Phase VI 147 Lucero Phase II 165 97 173 582 198 172 96 83 Nine at Rio, The 109 1600 Pleasant Valley 192 119 173 176 98 84 Rail at MLK, The 235 174 6400 Riverside 349 40 101 175 6507 Riverside 250 215 49 216 174 85 Standard at Austin, The 287 179 102 86 Arts & Industries Lofts 100 176 Project Catalyst 4709 120 177 37 175 87 Booker T. Washington Terraces Phase II 50 177 Wickersham 72 178 217 99 88 5th & Brazos Hotel 329 178 South Congress 253

a Berkshire Hathaway and Jefferies Financial Group company Austin New Construction & Proposed Multifamily Projects

FORECASTED ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMIT DATE COMPLETION DATE START OF RENT-UP 1 Hanover Oak Hill 6701 Rialto Blvd Austin TX 78735 Lease Up 370 Oak Hill 06/30/2017 12/31/2019 03/12/2018 2 Inspire on 22nd 2200 Nueces Street Austin TX 78705 Lease Up 129 University of Texas 01/31/2018 08/31/2019 07/11/2018 3 Ruckus 2.0, The 2401 Rio Grande Street Austin TX 78705 Lease Up 67 University of Texas 04/01/2018 08/31/2019 04/02/2018 4 North Creek 500 Chris Kelley Blvd Hutto TX 78634 Lease Up 310 Round Rock - east 12/31/2017 06/30/2019 05/17/2018 5 Springs at Sunfield 1165 Fire Cracker Drive Buda TX 78610 Lease Up 256 San Marcos/Kyle 10/13/2017 06/30/2019 04/02/2018 6 Palo Verde 7880 East US Highway 290 Austin TX 78736 Lease Up 596 Oak Hill 09/01/2017 05/31/2019 05/21/2018 7 Overture Arboretum 10600 Jollyville Road Austin TX 78759 Lease Up 184 Jollyville - south 06/01/2017 04/30/2019 11/30/2017 8 Legacy 1108 Legacy Drive Pflugerville TX 78660 Lease Up 83 Pflugerville 11/01/2017 01/31/2019 05/20/2018 9 Walnut Park 12101 North Lamar Blvd Austin TX 78753 Lease Up 283 Eubank Acres - north 08/30/2017 01/31/2019 12/12/2017 10 Park at Crystal Falls Phase II 7740 183A Toll Road Leander TX 78641 Lease Up 238 Cedar Park 06/26/2017 12/31/2018 04/16/2018 11 22 North 149 South Bagdad Road Leander TX 78641 Lease Up 240 Cedar Park 07/31/2017 12/31/2018 02/09/2018 12 Crestview Commons 801 Sugaree Avenue Austin TX 78757 Lease Up 353 Abercrombie 01/17/2017 11/30/2018 01/23/2018 13 Ace, The 1401 Satellite View Round Rock TX 78665 Lease Up 330 Round Rock - east 05/31/2017 11/30/2018 10/01/2017 14 Santal Phase II, The Southwest Pkwy & Tecoma Circle Austin TX 78735 Lease Up 212 Oak Hill 10/20/2017 10/31/2018 06/01/2018 15 Creekside on Parmer Lane 5401 East Parmer Lane Austin TX 78754 Lease Up 300 Dessau 01/01/2017 10/31/2018 01/01/2018 16 Overture Domain 3100 Kramer Lane Austin TX 78758 Lease Up 189 IBM area 12/01/2016 09/30/2018 10/14/2017 17 Nine at West Campus, The 2518 Leon Street Austin TX 78705 Lease Up 98 University of Texas 03/01/2017 09/30/2018 09/09/2017 18 Affinity at Round Rock 30 Cypress Blvd Round Rock TX 78665 Lease Up 170 Round Rock - east 01/01/2017 09/30/2018 09/01/2017 19 Plum Creek Vue 4624 Cromwell Drive Kyle TX 78640 Lease Up 180 San Marcos/Kyle 09/30/2017 08/31/2018 03/30/2018 20 Gallery at Parkside and Edge 3000 Kramer Lane Austin TX 78758 Lease Up 587 IBM area 11/30/2016 08/31/2018 10/31/2017 21 Haven at Thorpe Lane 1351 Thorpe Lane San Marcos TX 78666 Lease Up 183 San Marcos/Kyle 02/01/2017 08/31/2018 09/05/2017 22 Westerly 360 2500 Walsh Tarlton Lane Austin TX 78746 Lease Up 189 West End 08/01/2016 08/31/2018 09/01/2017 23 Estraya at Falcon Pointe 2132 Falcon Village Lane Pflugerville TX 78660 Lease Up 324 Elgin 10/01/2016 08/31/2018 09/01/2017 24 LaMadrid 11320 Manchaca Road Austin TX 78748 Lease Up 95 Sunset Valley 04/01/2017 08/31/2018 08/25/2017 25 Aspen Heights West Campus 1909 Rio Grande Street Austin TX 78705 Lease Up 166 University of Texas 09/01/2016 08/31/2018 08/15/2017 26 Affinity at Southpark Meadows 9500 Alice Mae Lane Austin TX 78748 Lease Up 163 Sunset Valley 09/01/2016 08/31/2018 07/01/2017 27 1271 1271 Sadler Drive San Marcos TX 78666 Lease Up 240 San Marcos/Kyle 12/01/2016 08/31/2018 07/01/2017 28 Skyloft 507 West 23rd Street Austin TX 78705 Lease Up 212 University of Texas 10/01/2016 08/31/2018 06/01/2017 29 Pointe San Marcos 417 North Comanche Street San Marcos TX 78666 Lease Up 300 San Marcos/Kyle 11/01/2016 08/31/2018 11/01/2016 30 Regal Parc Phase II 348 Cypress Creek Road Cedar Park TX 78613 Lease Up 123 Cedar Park 02/01/2017 07/31/2018 01/01/2018 31 AMLI on Aldrich 2401 Aldrich Street Austin TX 78723 Lease Up 318 Capital Plaza 11/01/2016 07/31/2018 07/18/2017 32 Hillstone at Wolf Ranch 2300 Wolf Ranch Pkwy Georgetown TX 78628 Lease Up 332 Georgetown - west 08/01/2016 07/31/2018 06/01/2017 TOTAL LEASE-UP 7,820 33 Carroll at Rivery Ranch Rivery Driveway & Wolf Ranch Pkwy Georgetown TX 78628 Under Construction 360 Georgetown - west 05/20/2018 01/31/2020 34 Hollybrook Ranch Greenlawn Blvd & West Pflugerville Pkwy Round Rock TX 78664 Under Construction 336 Pflugerville 06/20/2018 01/31/2020 35 Davies Ranch Village 12113 Dessau Road Austin TX 78754 Under Construction 360 Walnut Forest 06/30/2018 01/31/2020 36 Elizabeth at Presidio, The 13500 Lyndhurst Street Austin TX 78717 Under Construction 373 Cedar Park 02/20/2018 12/31/2019 37 Aura Riverside 6107 East Riverside Drive Austin TX 78741 Under Construction 368 East Central Austin 10/24/2017 07/31/2019 38 Villas on Nueces, The 2207 Nueces Street Austin TX 78705 Under Construction 99 University of Texas 06/15/2018 06/30/2019 39 Highland Mall Phases II - III SEC Airport Blvd & East Highland Mall Blvd Austin TX 78752 Under Construction 390 Hyde Park 02/01/2018 06/30/2019 40 Flats on Mariposa 1901 Mariposa Drive Austin TX 78741 Under Construction 100 East Central Austin 05/15/2018 05/31/2019 41 Flatiron Domain 10727 Domain Drive Austin TX 78758 Under Construction 372 IBM area 06/01/2016 03/31/2019 42 Lyndon at Springtown, The 200 Springtown Way San Marcos TX 78666 Under Construction 233 San Marcos/Kyle 01/01/2018 03/31/2019 43 MUZE 2100 Nueces Street Austin TX 78705 Under Construction 158 University of Texas 04/01/2018 03/31/2019 44 Plaza Saltillo East 4th Street & San Marcos Street Austin TX 78702 Under Construction 800 Pershing 10/10/2017 03/31/2019 45 Lenox Ridge 3001 Scofield Ridge Pkwy Austin TX 78727 Under Construction 350 Eubank Acres - north 01/12/2018 02/28/2019 46 Guthrie, The 3300 Gonzales Street Austin TX 78702 Under Construction 322 Pershing 01/01/2018 02/28/2019 47 Cheatham Street Flats 401 South Guadalupe Street San Marcos TX 78666 Under Construction 120 San Marcos/Kyle 02/01/2018 02/28/2019 48 Gables Republic Square 400 Lavaca Street Austin TX 78701 Under Construction 221 Downtown - north 10/01/2016 01/31/2019 49 Edison, The 4711 East Riverside Drive Austin TX 78741 Under Construction 353 East Central Austin 08/01/2017 01/31/2019 50 Foremost 135 Foremost Drive Austin TX 78745 Under Construction 300 Pleasant Hill - west 05/29/2018 01/31/2019 51 Lynd at Lake Travis, The 2208 Ranch Road 620 Austin TX 78734 Under Construction 312 West Travis County 12/01/2017 01/31/2019 52 Broadstone Burnet 10316 Burnet Road Austin TX 78758 Under Construction 352 IBM area 04/30/2017 12/31/2018 53 Maravilla at the Domain 11001 Austin Park Lane Austin TX 78758 Under Construction 142 Eubank Acres - north 02/01/2018 12/31/2018 54 Alta Tech Ridge 12408 Dessau Road Austin TX 78753 Under Construction 230 Dessau 11/01/2017 12/31/2018 55 Heights on Parmer Phase II 1524 East Parmer Lane Austin TX 78753 Under Construction 80 Dessau 01/31/2018 12/31/2018 56 IO at Tech Ridge 12600 McCallen Pass Austin TX 78753 Under Construction 351 Dessau 09/01/2014 12/31/2018 57 Merritt Heritage 4700 Williams Drive Georgetown TX 78633 Under Construction 244 Georgetown - west 01/15/2018 12/31/2018 58 Flora 5406 Middle Fiskville Road Austin TX 78751 Under Construction 194 Hyde Park 06/01/2017 12/31/2018 59 Marquis on 5th, The 1301 West 5th Street Austin TX 78703 Under Construction 226 West End 05/31/2017 12/31/2018 60 Hunters Crossing SEC State Highway 304 & Home Depot Way Bastrop TX 78602 Under Construction 182 Bastrop 02/28/2018 10/31/2018 61 Candela 1614 East 6th Street Austin TX 78702 Under Construction 115 Pershing 10/31/2017 09/30/2018 62 Commerce Place East Pecan Street & Sun Light Near Way Pflugerville TX 78660 Under Construction 254 Dessau 07/31/2017 08/31/2018 63 Braxton, The 4811 Burnet Road Austin TX 78756 Under Construction 52 Abercrombie 06/30/2017 08/31/2018 TOTAL UNDER CONSTRUCTION 8,349 Source: Yardi Matrix Austin New Construction & Proposed Multifamily Projects

FORECASTED ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMIT DATE COMPLETION DATE START OF RENT-UP 64 Park at Estancia, The 820 Camino Vaquero Pkwy Austin TX 78652 Planned 320 65 Deerwood at Lakeline 12638 Ridgeline Blvd Austin TX 78613 Planned 270 Cedar Park 66 Indigo Ridge North Sam Bass Road & East Whitestone Blvd Cedar Park TX 78613 Planned 1050 Cedar Park 67 Lakeline Crossing Phase II 13010 Ridgeline Blvd Cedar Park TX 78613 Planned 203 Cedar Park 68 North Creek 665 North Bagdad Road Leander TX 78641 Planned 259 Cedar Park 69 Quest Village 910 Quest Pkwy Cedar Park TX 78613 Planned 333 Cedar Park 70 Trailside Oaks 2012 Hero Way Leander TX 78641 Planned 105 Cedar Park 71 Balcones, The 3650 North A.W. Grimes Blvd Round Rock TX 78665 Planned 238 Round Rock - east 72 Bass Pro Drive Bass Pro Drive & North Mays Street Round Rock TX 78665 Planned 500 Round Rock - east 73 District, The Greenlawn Blvd & Louis Henna Blvd Round Rock TX 78664 Planned 900 Round Rock - east 74 Shadow Ridge 2250 East Old Settlers Blvd Round Rock TX 78664 Planned 316 Round Rock - east 75 Stone Hill Luxury Pfluger Farm Lane & East Pflugerville Pkwy Pflugerville TX 78660 Planned 200 Pflugerville 76 Domain Block L 11009 Alterra Pkwy Austin TX 78758 Planned 182 IBM area 77 Ballantyne 800 West Wells Branch Pkwy Austin TX 78728 Planned 94 Dessau 78 Commons at Heatherwilde and Pecan, The South Heatherwilde Blvd & West Pecan Street Pflugerville TX 78660 Planned 260 Dessau 79 Edenbrook Ridge 330 Wells Branch Pkwy Pflugerville TX 78660 Planned 336 Dessau 80 Newington 1127 Pearl Retreat Drive Austin TX 78753 Planned 288 Dessau 81 Santa Clara 1701 South Heatherwilde Blvd Austin TX 78660 Planned 308 Dessau 82 Crestview Station Phase VI 7400 North Lamar Blvd Austin TX 78752 Planned 147 Abercrombie 83 Nine at Rio, The 2100 Rio Grande Street Austin TX 78705 Planned 109 University of Texas 84 Rail at MLK, The 2921 East 17th Street Austin TX 78702 Planned 235 University of Texas 85 Standard at Austin, The 715 West 23rd Street Austin TX 78705 Planned 287 University of Texas 86 Arts & Industries Lofts 5300 Jain Lane Austin TX 78721 Planned 100 Pershing 87 Booker T. Washington Terraces Phase II 905 Bedford Street Austin TX 78702 Planned 50 Pershing 88 5th & Brazos Hotel 500 San Jacinto Blvd Austin TX 78701 Planned 329 Downtown - north 89 Alexan Capitol 700 East 11th Street Austin TX 78701 Planned 272 Downtown - north 90 Avenue, The 721 Congress Avenue Austin TX 78701 Planned 135 Downtown - north 91 Block 71 200 West 6th Street Austin TX 78701 Planned 236 Downtown - north 92 Block 87 701 Trinity Street Austin TX 78701 Planned 100 Downtown - north 93 GreenWater Block 185 West 2nd Street & Nueces Street Austin TX 78701 Planned 387 Downtown - north 94 Travis, The 80 Red River Street Austin TX 78701 Planned 422 Downtown - north 95 AMLI South Shore Phase II 1620 East Riverside Drive Austin TX 78741 Planned 178 East Central Austin 96 Aspen Heights Riverside 1700 Willow Creek Drive Austin TX 78741 Planned 325 East Central Austin 97 Lakeshore Pearl Redevelopment 2223 Waterloo City Lane Austin TX 78741 Planned 425 East Central Austin 98 Lenox Oaks 460 Bastrop Hwy Austin TX 78741 Planned 356 East Central Austin 99 Mont, The 2405 Montopolis Drive Austin TX 78741 Planned 288 East Central Austin 100 South Shore District Phase IV 1333 Shore District Drive Austin TX 78741 Planned 324 East Central Austin 101 South Shore Highline 2435 East Riverside Drive Austin TX 78741 Planned 102 East Central Austin 102 Saint Elmo Market District Industrial Blvd & Willow Springs Road Austin TX 78745 Planned 386 Pleasant Hill - west 103 Soco 6001 South Congress Avenue Austin TX 78745 Planned 261 Pleasant Hill - west 104 Saint Mary, The FM 1826 & Lewis Mountain Drive Austin TX 78737 Planned 240 Oak Hill 105 Garza Tract Ben Garza Lane & Frontage Road Austin TX 78749 Planned 369 Sunset Valley 106 HC Cadence 7351 South Interstate 35 Frontage Road Austin TX 78744 Planned 100 Pleasant Hill - east 107 Riverbend, The Highway 71 & Highway 130 Austin TX 78717 Planned 400 Daffan 108 Wildhorse Ranch Parmer Lane & US Route 290 Austin TX 78653 Planned 1060 Daffan 109 Champion Homes At Parmer 6816 Boyce Lane Austin TX 78754 Planned 280 Elgin 110 Concho Commons 101 Concho Street San Marcos TX 78666 Planned 310 San Marcos/Kyle 111 View on the Square, The 228 South Guadalupe Street San Marcos TX 78666 Planned 120 San Marcos/Kyle 112 Kaia Pointe 104 Gatlin Creek Drive Georgetown TX 78633 Planned 102 Georgetown - west 113 Hills At Leander Horseshoe Drive & Southwest Drive Leander TX 78641 Planned 228 Cedar Park 114 Elysium Grand 3300 Oak Creek Drive Austin TX 78727 Planned 105 Jollyville - north 115 Austin Oaks Redevelopment SWC North MoPac Expwy & Spicewood Springs Road Austin TX 78731 Planned 375 Far West Blvd 116 Saint John's West 601 West St. Johns Avenue Austin TX 78752 Planned 297 Hyde Park 117 Travis Flats 5325 Airport Blvd Austin TX 78751 Planned 146 Hyde Park 118 Huston, The 1107 North Interstate 35 Frontage Road Austin TX 78702 Planned 381 Pershing 119 Town Lake Lofts 16 South Interstate 35 Frontage Road Austin TX 78701 Planned 218 Downtown - north 120 Vi Collina 2431 East Oltorf Street Austin TX 78741 Planned 110 East Central Austin 121 Bridges at Canyon View 4506 East William Cannon Drive Austin TX 78744 Planned 271 Pleasant Hill - east 122 Nightingale at Goodnight Ranch, The 5900 Corrine Lane Austin TX 78747 Planned 174 Pleasant Hill - east 123 Whisper Valley 9000 Taylor Lane Manor TX 78653 Planned 100 Daffan 124 Western Springs 603 West Highway 290 Dripping Springs TX 78620 Planned 72 Dripping Springs 125 Savoy at San Marcos, The East McCarty Lane & Rattler Road San Marcos TX 78666 Planned 140 San Marcos/Kyle 126 Vista Bella 21101 Boggy Ford Road Lago Vista TX 78645 Planned 72 West Travis County TOTAL PLANNED 17,286

Source: Yardi Matrix Austin New Construction & Proposed Multifamily Projects

FORECASTED ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMIT DATE COMPLETION DATE START OF RENT-UP 127 Seven Strand 70 Del Webb Blvd Georgetown TX 78633 Prospective 300 Georgetown - west 128 Cross Creek 183A Frontage Road & East Whitestone Blvd Cedar Park TX 78613 Prospective 349 Cedar Park 129 Lakeline Gardens AA 9821 North Lake Creek Pkwy Austin TX 78717 Prospective 190 Cedar Park 130 Lakeline Mall & Lyndhurst Lakeline Mall Drive & Lyndhurst Street Austin TX 78717 Prospective 373 Cedar Park 131 Leander Crossing 183A Toll Road & Ranch Road 2243 Leander TX 78641 Prospective 400 Cedar Park 132 Northline 183A Frontage Road & East Woodview Drive Leander TX 78641 Prospective 300 Cedar Park 133 Stonehaven 1201 West Whitestone Blvd Cedar Park TX 78613 Prospective 110 Cedar Park 134 Davis Springs 9701 Spectrum Drive Austin TX 78717 Prospective 262 Brushy Creek 135 Auro County Road 172 & FM 1325 Round Rock TX 78681 Prospective 100 Round Rock - south 136 Shepherd Mountain 6409 City Park Road Austin TX 78730 Prospective 275 St Edwards Park 137 9828 Great Hills Trail 9828 Great Hills Trails Austin TX 78759 Prospective 372 Jollyville - south 138 West Pickle 3925 West Braker Lane Austin TX 78759 Prospective 100 Jollyville - south 139 Modera Domain 2618 Kramer Lane Austin TX 78758 Prospective 354 IBM area 140 North Gateway Plaza 10615 Burnet Road Austin TX 78758 Prospective 300 IBM area 141 Parmer 8 Harris Ridge Blvd & East Howard Lane Austin TX 78753 Prospective 1000 Dessau 142 Tech Ridge Phase VI 14201 North Interstate 35 Frontage Road Austin TX 78753 Prospective 50 Dessau 143 Crestview Highline 6324 North Lamar Blvd Austin TX 78752 Prospective 99 Abercrombie 144 Flats on Lamar 5210 North Lamar Blvd Austin TX 78751 Prospective 186 Abercrombie 145 Pearl, The 1303 West Koenig Lane Austin TX 78756 Prospective 383 Abercrombie 146 Sixty Five 6500 Burnet Road Austin TX 78757 Prospective 52 Abercrombie 147 Tech Ridge Residences 12200 Jourdan Crossing Blvd Austin TX 78753 Prospective 312 Walnut Forest 148 Highland Mall Phase IV SEC Airport Blvd & West Highland Mall Blvd Austin TX 78752 Prospective 510 Hyde Park 149 Trails at Fort Creek, The 2989 East 51st Street Austin TX 78723 Prospective 128 Berkman Dr 150 Carruth Administration Center Redevelopment 1111 West 6th Street Austin TX 78703 Prospective 50 West End 151 Pressler Park 300 Pressler Street Austin TX 78703 Prospective 112 West End 152 2500 N Lamar 1200 West 25th Street Austin TX 78705 Prospective 100 University of Texas 153 Hilltop 2406 San Gabriel Street Austin TX 78705 Prospective 200 University of Texas 154 Platform Phase II 2823 East Martin Luther King Jr Blvd Austin TX 78702 Prospective 70 University of Texas 155 Two Two Zero Four 2204 San Antonio Street Austin TX 78705 Prospective 200 University of Texas 156 UT Graduate Student Housing 2100 Concho Street Austin TX 78722 Prospective 342 University of Texas 157 3212 East Cesar Chavez Street 3212 East Cesar Chavez Street Austin TX 78702 Prospective 306 Pershing 158 Alta Trailhead 1105 Airport Blvd Austin TX 78702 Prospective 308 Pershing 159 Flats on Shady 1125 Shady Lane Austin TX 78721 Prospective 290 Pershing 160 Loyola Landing Ed Bluestein Blvd & Loyola Lane Austin TX 78724 Prospective 300 Pershing 161 Nuevo Leon 1501 East 6th Street Austin TX 78702 Prospective 200 Pershing 162 5th & Lavaca 305 West 5th Street Austin TX 78701 Prospective 320 Downtown - north 163 6th + Guadalupe 600 Guadalupe Street Austin TX 78701 Prospective 349 Downtown - north 164 99 Trinity Tower 99 Trinity Street Austin TX 78701 Prospective 360 Downtown - north 165 Austin American Statesman Newspaper Site Redevelopment 305 South Congress Avenue Austin TX 78704 Prospective 100 Downtown - north 166 Block 36 710 East 3rd Street Austin TX 78701 Prospective 263 Downtown - north 167 Central Health Brackenridge Campus 601 East 15th Street Austin TX 78701 Prospective 200 Downtown - north 168 Depot Hotel Redevelopment 504 East 5th Street Austin TX 78701 Prospective 150 Downtown - north 169 Rainey District 50 East Avenue Austin TX 78701 Prospective 100 Downtown - north 170 Red River Redevelopment 91 Red River Street Austin TX 78701 Prospective 328 Downtown - north 171 Waller Park Place Tower B SWC East Cesar Chavez Street & Red River Street Austin TX 78701 Prospective 350 Downtown - north 172 Lucero Phase II 2301 Wilson Street Austin TX 78704 Prospective 313 Downtown - south 173 1600 Pleasant Valley 1600 South Pleasant Valley Road Austin TX 78741 Prospective 582 East Central Austin 174 6400 Riverside 6400 East Riverside Drive Austin TX 78741 Prospective 349 East Central Austin 175 6507 Riverside 6507 East Riverside Drive Austin TX 78741 Prospective 250 East Central Austin 176 Project Catalyst South Lakeshore Blvd & South Pleasant Valley Road Austin TX 78741 Prospective 4709 East Central Austin 177 Wickersham 2440 Wickersham Lane Austin TX 78741 Prospective 72 East Central Austin 178 South Congress 4714 South Congress Avenue Austin TX 78745 Prospective 253 Pleasant Hill - west 179 South Congress Avenue 4401 South Congress Avenue Austin TX 78745 Prospective 268 Pleasant Hill - west 180 Granada Ridge 8328 East US Route 290 Austin TX 78736 Prospective 550 Oak Hill 181 Santal Phase III, The Southwest Pkwy & Tecoma Circle Austin TX 78735 Prospective 1412 Oak Hill 182 Hays Common SWC Big Valley Drive & South FM 1626 Manchaca TX 78652 Prospective 50 Sunset Valley 183 Lenox Springs Phase II 10500 South Interstate 35 Frontage Road Austin TX 78748 Prospective 260 Sunset Valley 184 Manchaca Commons 12040 Manchaca Road Austin TX 78748 Prospective 240 Sunset Valley 185 Community First Village 9301 Hog Eye Road Austin TX 78724 Prospective 100 Daffan 186 Eastridge 5501 Ross Road Del Valle TX 78617 Prospective 300 Daffan 187 Sun Chase Pearce Lane & Timber Hills Drive Del Valle TX 78617 Prospective 760 Daffan 188 Velocity Crossing SEC FM 973 & East State Highway 71 Austin TX 78617 Prospective 893 Daffan 189 Lagos FM 973 & Shadowglen Trace Manor TX 78653 Prospective 930 Elgin

Source: Yardi Matrix Austin New Construction & Proposed Multifamily Projects

FORECASTED ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMIT DATE COMPLETION DATE START OF RENT-UP 190 Belterra Village Senior Housing Belterra Drive & West Highway 290 Austin TX 78737 Prospective 200 Dripping Springs 191 Blanco River Walk Cotter Avenue & Riverway Avenue San Marcos TX 78666 Prospective 312 San Marcos/Kyle 192 Centerpoint Road & South Old Bastrop Hwy Centerpoint Road & South Old Bastrop Hwy San Marcos TX 78666 Prospective 300 San Marcos/Kyle 193 Emli at East Village 2301 Rattler Road San Marcos TX 78666 Prospective 210 San Marcos/Kyle 194 Lindsey Hill West Hutchinson Street & Moore Street San Marcos TX 78666 Prospective 164 San Marcos/Kyle 195 McCarty SWC North Interstate Hwy 35 & East McCarty Lane San Marcos TX 78666 Prospective 575 San Marcos/Kyle 196 Peques Street West Bluebonnet Drive & Forest Drive San Marcos TX 78666 Prospective 200 San Marcos/Kyle 197 Sessom Creek Loquat Street & West Sessom Drive San Marcos TX 78666 Prospective 335 San Marcos/Kyle 198 Trace North Interstate 35 Frontage Road & Posey Road San Marcos TX 78666 Prospective 850 San Marcos/Kyle 199 Yarrington SWC Interstate Highway 35 & Yarrington Road San Marcos TX 78666 Prospective 200 San Marcos/Kyle 200 Elgin State Route 95 & North Avenue C Elgin TX 78621 Prospective 190 Outlying Bastrop County 201 Attiva Lakeway Lohmans Crossing Road & Sailmaster Street Lakeway TX 78734 Prospective 210 West Travis County 202 Lakeway City Center 1931 Lohmans Crossing Road Lakeway TX 78734 Prospective 214 West Travis County 203 Oaks at Lakeway, The 2000 Ranch Road 620 South Lakeway TX 78734 Prospective 350 West Travis County 204 Thomas Ranch Paleface Ranch Road & State Highway 71 Spicewood TX 78669 Prospective 300 West Travis County 205 East Street Village Hero Way & Mel Mathis Blvd Leander TX 78641 Prospective 110 Cedar Park 206 Emli at Leander 251 North Bagdad Road Leander TX 78641 Prospective 60 Cedar Park 207 Leander Place US Highway 183 & Sonny Drive Leander TX 78641 Prospective 70 Cedar Park 208 Merritt Lakeline Station 10701 Lakeline Mall Drive Austin TX 78717 Prospective 200 Cedar Park 209 Pointe at Brushy Creek, The North FM 620 Road & Pecan Park Blvd Austin TX 78717 Prospective 150 Cedar Park 210 Merritt Estates Highway 620 & Shady Lane Austin TX 78717 Prospective 300 Brushy Creek 211 Villagio at Forest Creek, The NEC Forest Creek Drive & Kenney Fort Blvd Round Rock TX 78665 Prospective 110 Round Rock - east 212 Merritt Cornerstone SEC West Howard Lane & McNeil Merriltown Road Austin TX 78729 Prospective 200 Jollyville - north 213 Pointe at Mirror Lake, The Great Basin Avenue & East Pflugerville Pkwy Pflugerville TX 78660 Prospective 150 Pflugerville 214 308 Guadalupe Street 308 Guadalupe Street Austin TX 78701 Prospective 59 Downtown - north 215 Aria Grand 1800 South Interstate 35 Frontage Road Austin TX 78704 Prospective 70 Downtown - north 216 Cambrian East Riverside 1810 Clubview Avenue Austin TX 78741 Prospective 65 East Central Austin 217 Casa Madera 1201 East Saint Elmo Road Austin TX 78745 Prospective 80 Pleasant Hill - west 218 Colony Park Johnny Morris Road & Loyola Lane Austin TX 78724 Prospective 250 Daffan 219 Indian Hills SEC Decker Lake Road & FM 973 Manor TX 78653 Prospective 100 Daffan 220 Merritt Manor Gregg Manor Road & Hill Lane Manor TX 78653 Prospective 146 Elgin 221 Merritt Headwaters NWC Headwaters Blvd & West Highway 290 Dripping Springs TX 78620 Prospective 80 Dripping Springs 222 Residences at Kyle FM 150 & North Old Stagecoach Road Kyle TX 78640 Prospective 128 San Marcos/Kyle 223 Merritt Retreat 6601 Panorama Ridge Lago Vista TX 78645 Prospective 80 West Travis County TOTAL PROSPECTIVE 30,812

TOTAL KANSAS CITY 64,267

© 2018 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