Denver New Construction & Proposed Multifamily Projects 4Q20

312

315

344 ID PROPERTY UNITS 19 337 19 Crowne at Old Town North 304 340 23 The Standard 237 345 Total Lease Up 541 336 343

364 115 4919 - 5001 S. College Avenue 264 313 346 116 The Overlook 106 118 Johnson Drive 193 119 Taft Eighty-Four 84 Total Under Construction 647 341

342 312 Montava 1,500 339 313 Sanctuary on the Green 268 335 23

315 Watermark at Fort Collins 296 332 338 330 The Collins 116 334 331 South College Avenue 62 118 332 920 Hobbit Street 52 333 Spradley Barr 200 334 Watermark at Spring Creek 348 333 335 1215 South Shields Street 97 119 336 East Vine Drive & Jerome Street 212 337 The Enclave at Redwood 200 338 Haven 58 339 Hub on Campus Fort Collins 212 340 Jerome Street 212 116 341 Laurel & Mason 60 342 Lombardy 339 343 Mosaic 160 344 Northfield Commons 96 345 The Retreat at Fort Collins 210 330 346 Willow & Pine 197 331 364 Penny Flats North 64 115 Total Prospective 4,959 2000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Denver New Construction & Proposed Multifamily Projects 4Q20

ID PROPERTY UNITS

2 Ten West Greeley 264 7 Gateway Place Phase II 144 17 University Flats at Greeley Phase II 78 Total Lease Up 486

65 Fossil Ridge Phase II 204 Total Under Construction 204

112 Timnath Ranch 447 121 113 Railway Flats Phase II 180 114 Ridgewood Hills 146 117 Skyway 90 311 121 Saddler Ridge 58 Total Planned 921 320 319 314 117 318 112 311 DC 211 329 322 314 Timnath Trail at Riverbend 317 Apartment Homes Phase II 82 325 114 324 316 316 Windsor Villages at Ptarmigan 100 317 6801 South College Road 90 350 318 The Hansen 240 327 319 Harmony & Strauss Cabin 296 363 320 Harmony Road Multi 65 Family Development 276 2 321 Hunters Run West 451 321 113 322 Masbur Property Townhomes 100 349 17 351 7 323 The Ridge at Johnstown 300 328 348 324 Triangle Road 302 326 323 325 Trilby and Timberline Residential 221 326 Vantage at Loveland 288 327 Wintergreen Village 216 328 St. Valentine 54 329 College and Trilby 150 348 Copper Platte 240 349 Alpine Flats 142 350 The Village Center 100 351 West Park 298 363 Taft Avenue Development 100 Total Prospective 4,257 2 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Denver New Construction & Proposed Multifamily Projects 4Q20

ID PROPERTY UNITS 138 Watermark at Broomfield 360

1 Avilla Eastlake 244 139 Caliber at the Grove 222 4 MAA Westglenn 306 140 Eastlake 63 36 6 The Hive at 9Seventy Redevelopment 138 141 Eastlake Station 60 142 Pearl Street 86 11 The Miller 207 305 143 The Village at Thorncreek 283 21 Timber 150 309 110 307 109 Total Lease Up 1,045 144 Washington Center 321 308 306 37 250 Adams Crossing 50 120 263 1155 Alpine Avenue 300 35 Park 40 313 103 264 Iris & B 50 36 Prairie Village 126 265 S'PARK Timber II 85 37 Farm Haus 280 266 The Lock at Flatiron 260 42 The Armory 201 267 Norwest 144 347 60 RÊVE Boulder 244 268 Redtail Ridge 900 61 Bridges at Flatiron 324 269 Residences at Flatiron Marketplace Phase II 873 42 62 Aspire 226 360 Total Under Construction 1,714 270 Retreat at Broomfield 234 264 271 Rock Creek 94 265 21 282 40 North 289 263 60 68 The Arista 325 283 Coal Creek Station 54 96 361 104 92 Aspen Hills 180 6 284 Northwest 50 93 Enova 228 282 35 305 9th & Pace 120 11 96 OLIV Boulder 148 283 306 Boston Station 372 97 Downtown Superior 380 307 The Highlands at Fox Hill 407 284 98 Retreat at Bloomfield 234 139 308 Nova 264 97 268 105 103 Longmont Station 236 309 South Main Station Phase II 62 266 269 271 104 Outlook Nine Mile 287 141 347 6701 Frederick Way 54 98 61 143 105 Sundar 684 1 360 Celestial Seasonings 268 270 267 250 138 137 109 Mountain Brook 110 134 68 144 140 Residential Subdivision 361 Waterview 376 133 135 110 Sugarmill Townhomes 224 Total Prospective 9,945 132 120 Springs at Longmont 212 92 93 Total Planned 3,248 142 4 62

132 AVA Westminster Promenade 312 136 133 Millennium Circle Point 261 134 Ridge Parkway 221 135 Shepsfield Park Project 50 136 Uplands 2,100 137 Velo Interlocken 300 2 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Denver New Construction & Proposed Multifamily Projects 4Q20

ID PROPERTY UNITS 256 Columbine Square 340 257 River Park 306 5 Outlook Clear Creek 310 258 Trails at Lehow 80 12 Chroma 263 20 Basecamp 72 272 Watermark Coal Mine 250 273 16500 South Golden Road 79 Total Lease Up 645 291 Chroma Phase II 50 300 Sterling Ranch 1,800 33 Broadstone Bowles Crossing 326 302 Summit Square / Quincy Point 200 55 Edison at Wheat Ridge 231 Total Prospective 7,401 69 Total Under Construction 557 149

148 69 131 128 129 Westminster Station 147 Drive Development 130 127 146 74 533 Van Gordon Street 309 181 75 Aspen Heights Lakewood 351 5 55 94 The Clarkson 114 145 20 99 Aurum Golden 168 164 100 Trailhead Community 84 101 273 75 101 Denver West 230 74 162 Total Planned 1,403 161 163 99 127 Clear Creek Commons 250

128 Marvelle Ralston Creek 158 231 232 252 129 Olde Town Residences 250 235 130 Traxs at Ward 200 255 254 131 Ward Station 100 94 145 Lakewood Gateway 84 253 146 Town Center 140 148 Clear Creek Transit Village 1,125 256 258 149 Midtown at Clear Creek Filing 12 147 100 33 272 161 66 Van Gordon 358 162 Allison Village 100 257 163 Revel Belmar Senior 172 164 Village at Morse Park 70 302 181 4556 Tennyson Street 130 291 12 231 Green Gables 200 232 Novel White Fence Farm 234 235 2720 Federal 70 252 Adriatic Townhomes 64 253 Navajo 141 300 254 Winslow Crane 203 255 Loretto Heights Area Plan 100 2 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Denver New Construction & Proposed Multifamily Projects 4Q20

ID PROPERTY UNITS 225 Kappa Tower II Phase II 50 226 Stapleton Area 309 13 Incline 45 270 227 Strata Phase II 96 156 14 The Haven by Watermark 206 147 228 2201 Clinton Street 338 22 Watermark at Dayton Station 63 157 24 The Aster Conservatory Green Phase II 256 229 Alta Fitzsimons at Colfax Station 294 158 160 221 Total Lease Up 795 230 Stanley Residential 172 73 251 72 244 Avere on the High Line 56 159 245 Cherry Creek North 180 39 Revel 300 87 222 246 Colorado Blvd & Evans Avenue 86 41 Bloom at Cherry Creek 111 14 247 East Virginia Village 74 47 4400 Syracuse 316 224 219 248 Monaco Parkway 400 225 49 Legacy at Fitz 363 227 24 249 South Holly Street & South 51 Parkside at City Centre 216 63 Ivanhoe Place 13 54 Vue West 310 251 Old Mile High Greyhound 189 88 58 Airie 176 Park Redevelopment 218 223 Total Under Construction 1,792 259 4552 South Ulster 225 89 226 274 Abilene Station 767 230 72 Elevate @ Pena Station Phase II 198 275 Coark Tower 76 228 73 LMC Gateway 240 276 East 2nd Avenue 93 153 229 87 Aster Beeler Park 246 277 Edge Point Phase III 340 275 278 278 Fitzsimons Village 490 88 Central Park Station One 301 277 49 89 Peoria Crossing Phase II 72 279 Arapahoe Lofts 250 95 Alexan Belleview Station 251 280 Colorado Avenue 80 39 102 102 Argenta 207 281 The Point at Nine Mile Station 350 215 274 276 125 The Cameron 361 Total Prospective 8,468 51 126 The Cameron 361 245 Total Planned 2,237 58 41

147 7190 Colorado 70 279 153 East 17th Avenue & Fillmore Street 180 280 156 Edison at High Point 114 247 244 246 157 High Point 239 248 125 158 High Point 300 249 126 159 The Landings at Gateway 192 160 Station @ Pena 253 281 215 Modera Cherry Creek 100 218 4141 East 35th Avenue 100 22 219 60th & Argonne 189 221 Avelon 1,100 47 222 Beeler Park 246 54 259 223 Central Park 307 95 224 Central Park 100 1 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Denver New Construction & Proposed Multifamily Projects 4Q20

ID PROPERTY UNITS

3 Peakline at Copperleaf 266 220 10 Affinity at Copperleaf 170 Total Lease Up 436

287 27 Five810 Southlands 270

45 Talus Flats 111 286 Total Under Construction 381 285

106 Shadow Ridge at Southlands Phase II 50 107 Apex Meridian Phase III 208 108 Castle Pines 198 3 10 111 Canvas at Castle Rock 155

Total Planned 611 27 261 106 262 220 Aurora Crossroads 125 260 260 Clinton Street 230 261 The Legends of Centennial 209 107 262 Village at Centennial 203 301 285 Murphy Creek Townhomes 174 296 286 Sand Creek Ranch 132 294 287 Starfall 1,188 297 288 Anthology North 234 289 Caliber at Terrain 238 288 290 Castle Pines Town Center 200

292 Meadows 116 303 293 Pine Canyon 805 108 294 Prescient at Ridgegate 241 295 Resort Lifestyle Communities 1360 290 Meadows Pkwy 130 296 RidgeGate East 540 297 RidgeGate Station 540 304 298 Ridgeview 150 45 295 299 Sixth Street 218 293 301 Stonegate 150 362 289 310 303 The Summit Townhomes and Villas 214 292 299 298 304 Vanguard Castle Rock 260 310 Upper Sunstone Village 261 362 Auburn Villas 100 111 Total Prospective 6,658 2 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Denver New Construction & Proposed Multifamily Projects 4Q20

ID PROPERTY UNITS 203 Sunnyside 208 204 Thrive 105 8 Denver Metro Village 192 70 205 Vida at Sloans 4 112 15 The Raleigh at Sloan's Lake 249 206 Viking Park 117 16 The Walcott Jefferson Park 122 194 233 1900 South Acoma Street 165 18 Zia 314 203 234 1st Avenue 106 193 Total Lease Up 877 18 236 301 South Cherokee Street 359 185 237 50 South Kalamath Street 471 28 Traverse 281 238 Aspgren Park 216 30 Cirrus 292 239 Broadway Park 98 177 31 360 Acoma 171 79 240 Cherokee & Dakota 291 32 1919 Mile High Circle 277 206 241 Gates District at Broadway Station 290 16 38 Brickhouse at Lamar Station 293 242 Gates District at 176 597 77 40 Alta Sloan's Lake 200 Broadway Station Phase II 198 43 1205 Benton Street 58 243 Rhonda's Place 50 57 The Overland 140 354 Lamar Station Crossing Phase II 66 32 59 Modera West Wash Park 241 357 Jody Redevelopment 63 15 30 66 PDG Design District 354 Total Prospective 14,372 40 205 8 200 189 201 67 Gateway North and South 187 180 195 197 Total Under Construction 2,494 43 38 354 357 204 28 67 70 Denargo Market Phase IV 336 77 26th Avenue & Alcott Street 119 79 The Bell and Palmer 111 90 Alexan Broadway 366 31 59

91 AMLI Broadway Park 380 234 Total Planned 1,312 237 243 66 176 27th & Clay 116 236 91 240 177 3301 Mariposa Street 131 180 4190 West Colfax Avenue 77 239 238 185 805 West 38th Avenue 180 189 Conejos Place 241 105 Residential Development 242 193 Fox Iron Works 392 194 Fox North 200 195 GreenHaus 79 197 Mile High Studios 166

198 The River Mile 8,000 233 200 South End Empower Field 1,500 57 at Mile High 90 201 Stadium District Development 112 2 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Denver New Construction & Proposed Multifamily Projects 4Q20

ID PROPERTY UNITS

9 Bespoke Uptown 316 Total Lease Up 316

29 10th & Acoma 389 44 Art District Flats 126 48 Broadstone Uptown 216 Total Under Construction 731 169

208 80 Emerson Place 85 81 Evans West 479 355 82 Modera Golden Triangle 326 86 757 Grant 68 Total Planned 958 199 80 182 152 48 152 Broadstone Uptown West 107 191

165 1010 Santa Fe 207 171 184 167 1115 North Acoma Street 220 9 168 1300 Cherokee Street 217 169 1401 Wazee Street 55 170 170 1559 Logan Street 281 171 1709 North Washington Street 100 183 216 182 601 16th Street 50 358 209 183 650 West Colfax Avenue 100 184 777 East 17th Ave 132 186 990 Bannock Street 205 168 187 Art District Lofts 115 187 191 El Jebel Temple 350 44 213 192 Evans East 300 81 199 Six Fifty 17 100 192 208 X Denver 4 409 167 209 1150 East Colfax Avenue 336 82 210 758 Sherman Street 193 217 165 211 782 Sherman Street 81 186 212 8th and Sherman Street 193 29 213 Arts at 1200 Lincoln 194 214 Avalon Governor's Park 418 212 216 Route 40 Flats Redevelopment 205 211 217 Sports Castle Lofts 325 210 86 355 14th Street & Larimer Street 300

358 Opus - Colfax and Kalamath 280 214 Total Prospective 5,473 500 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Denver New Construction & Proposed Multifamily Projects 4Q20

122

150

155 353 85 151

71

359 124 190 178

179 154 26 50 352

78 ID PROPERTY UNITS

25 Ava RiNo 246 84 150 3900 Brighton Blvd 631 26 DriveTrain 417 34 151 3930 Blake Street 253 34 AMLI RiNo 390 154 East 37th Avenue & North 46 X Denver 2.0 192 229 Downing Street 356 50 Edit at River North 366 155 Train Denver 100 52 52 Denargo Market Phase III 337 166 1055 19th Street 750 64 53 The Hooper 103 172 1899 Market Street 50 46 56 The Fitzgerald 282 173 2099 Lawrence Street 180 83 63 The Flats / Fourteen45 225 174 2114 Curtis Street 50 64 X Denver 251 175 2215 California 300 25 76 Total Under Construction 2,809 178 3403 Brighton Blvd 100 179 3703 North Downing Street 151 202 71 Novel RiNo 483 188 Champa Flats 169 76 19th & Chestnut 198 190 Downing Street Development 100 78 2950 Arkins Court 365 196 Kenect Denver 431 83 Union Station North 299 202 Stok on Welton 122 196 53 84 Vario 380 207 X Denver 3.0 392 173 207 85 Wynkoop Tower 186 352 3600 North Downing Street 225 172 188 56 122 Residences at RiNo 397 353 3800 Wynkoop Street 350 174 123 Alsation 238 356 3225 Denargo Street 326 166 175 63 123 124 The Foundry 348 359 Vert Lofts 175 Total Planned 2,894 Total Prospective 5,084 500 ft Source: Yardi Matrix

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

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

1 Avilla Eastlake 12230 Washington Center Pkwy Thornton CO 80241 Lease-Up 244 Northglenn / Thornton 08/28/2020 02/28/2022 12/22/2020 2 Ten West Greeley 6600 West 8th Street Greeley CO 80634 Lease-Up 264 Windsor / Greeley West 03/30/2020 10/31/2021 12/22/2020

3 Peakline at Copperleaf 4343 South Picadilly Street Aurora CO 80015 Lease-Up 266 Aurora - Southeast 03/02/2020 10/31/2021 10/07/2020 4 MAA Westglenn 9030 Wadsworth Pkwy Westminster CO 80021 Lease-Up 306 Westminster 03/31/2020 09/30/2021 12/22/2020 Applewood / West 5 Outlook Clear Creek 4040 Clear Creek Drive Wheat Ridge CO 80033 Lease-Up 310 01/31/2020 09/30/2021 11/24/2020 Pleasant View 6 The Hive at 9Seventy Redevelopment 970 28th Street Boulder CO 80303 Lease-Up 138 Boulder 08/01/2020 08/31/2021 09/22/2020

7 Gateway Place Phase II 3750 West 24th Street Greeley CO 80634 Lease-Up 144 Windsor / Greeley West 12/02/2019 06/30/2021 08/24/2020 CBD / Five Points / 8 Denver Metro Village 1523 Quitman Street Denver CO 80204 Lease-Up 192 10/16/2019 06/30/2021 04/30/2020 North Capitol Hill CBD / Five Points / 9 Bespoke Uptown 1633 North Pearl Street Denver CO 80203 Lease-Up 316 12/01/2017 03/31/2021 07/29/2020 North Capitol Hill 10 Affinity at Copperleaf 22000 East Quincy Avenue Aurora CO 80015 Lease-Up 170 Aurora - Southeast 01/06/2020 03/31/2021 07/16/2020

11 The Miller 235 South Boulder Road Lafayette CO 80026 Lease-Up 207 Greater Boulder 05/13/2019 03/31/2021 06/01/2020

12 Chroma 1360 Martha Street Highlands Ranch CO 80129 Lease-Up 263 Douglas County - North 08/12/2019 03/31/2021 04/20/2020 East Colfax / 13 Incline 45 18280 East 45th Avenue Denver CO 80249 Lease-Up 270 08/01/2019 02/28/2021 05/05/2020 Lowry Field / Stapleton East Colfax / 14 The Haven by Watermark 18400 Elmendorf Drive Denver CO 80249 Lease-Up 206 03/20/2019 02/28/2021 04/15/2020 Lowry Field / Stapleton CBD / Five Points / 15 The Raleigh at Sloan's Lake 1650 North Raleigh Street Denver CO 80204 Lease-Up 249 10/01/2017 02/28/2021 12/02/2019 North Capitol Hill CBD / Five Points / 16 The Walcott Jefferson Park 2920 West 29th Avenue Denver CO 80211 Lease-Up 122 08/27/2019 01/31/2021 10/08/2020 North Capitol Hill 17 University Flats at Greeley Phase II 1758 6th Avenue Greeley CO 80631 Lease-Up 78 Greeley East 08/01/2019 01/31/2021 10/07/2020 CBD / Five Points / 18 Zia 4055 Inca Street Denver CO 80211 Lease-Up 314 02/20/2019 01/31/2021 10/05/2020 North Capitol Hill 19 Crowne at Old Town North 1044 Jerome Street Fort Collins CO 80524 Lease-Up 304 Fort Collins - North 02/15/2019 01/31/2021 06/22/2020

20 Basecamp 1620 8th Street Golden CO 80401 Lease-Up 72 Golden 10/22/2019 01/31/2021 06/08/2020

21 Timber 3303 Bluff Street Boulder CO 80301 Lease-Up 150 Boulder 10/02/2017 01/31/2021 06/06/2020

22 Watermark at Dayton Station 3865 South Dallas Way Aurora CO 80014 Lease-Up 63 Arapahoe - Southwest 10/17/2019 01/31/2021 04/27/2020

23 The Standard 775 West Lake Street Fort Collins CO 80521 Lease-Up 237 Fort Collins - North 02/23/2019 01/31/2021 10/01/2019 East Colfax / 24 The Aster Conservatory Green Phase II 9095 East 47th Avenue Denver CO 80238 Lease-Up 256 07/01/2018 01/31/2021 04/01/2019 Lowry Field / Stapleton Total Lease-Up 5,141 CBD / Five Points / 25 Ava RiNo 1185 East 26th Street Denver CO 80205 Under Construction 246 07/29/2020 07/31/2022 North Capitol Hill CBD / Five Points / 26 DriveTrain 3299 Brighton Blvd Denver CO 80216 Under Construction 417 05/04/2020 05/31/2022 North Capitol Hill 27 Five810 Southlands 5810 South Southlands Pkwy Aurora CO 80016 Under Construction 270 Arapahoe - East 11/13/2020 05/31/2022

28 Traverse 5495 West 10th Avenue Lakewood CO 80214 Under Construction 281 Lakewood - North 06/07/2020 03/31/2022 Source: Yardi Matrix Yardi Source: Denver New Construction & Proposed Multifamily Projects

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

CBD / Five Points / 29 10th & Acoma 921 Acoma Street Denver CO 80204 Under Construction 389 02/17/2020 03/31/2022 North Capitol Hill CBD / Five Points / 30 Cirrus 1590 Grove Street Denver CO 80204 Under Construction 292 11/18/2019 03/31/2022 North Capitol Hill 31 360 Acoma 360 Acoma Street Denver CO 80223 Under Construction 171 College View / Ruby Hill 11/13/2020 02/28/2022 CBD / Five Points / 32 1919 Mile High Circle 550 West 19th Avenue Denver CO 80203 Under Construction 277 11/05/2020 01/31/2022 North Capitol Hill 33 Broadstone Bowles Crossing 8090 West Long Drive Littleton CO 80123 Under Construction 326 Jefferson 01/06/2020 01/31/2022 CBD / Five Points / 34 AMLI RiNo 3325 Denargo Street Denver CO 80216 Under Construction 390 10/01/2019 12/31/2021 North Capitol Hill 35 Park 40 16785 Sheridan Pkwy Broomfield CO 80020 Under Construction 313 Broomfield / Todd Creek 12/12/2019 12/31/2021 Canadian Crossing Drive & 36 Prairie Village Longmont CO 80504 Under Construction 126 Longmont 08/31/2020 12/31/2021 Homestead Pkwy 37 Farm Haus 1455 East 3rd Avenue Longmont CO 80525 Under Construction 280 Longmont 06/22/2020 12/31/2021

38 Brickhouse at Lamar Station 6300 West 13th Avenue Lakewood CO 80214 Under Construction 293 Lakewood - North 04/27/2019 10/31/2021

39 Revel 353 Dearborn Way Aurora CO 80012 Under Construction 300 Aurora - Westcentral 06/30/2020 10/31/2021

40 Alta Sloan's Lake 1605 Sheridan Blvd Lakewood CO 80214 Under Construction 200 Wheat Ridge 06/01/2020 09/30/2021

41 Bloom at Cherry Creek 4700 East Kentucky Avenue Denver CO 80246 Under Construction 111 Glendale 09/28/2020 09/30/2021

42 The Armory 4750 Broadway Boulder CO 80304 Under Construction 201 Boulder 03/16/2020 09/30/2021

43 1205 Benton Street 1205 Benton Street Lakewood CO 80214 Under Construction 58 Lakewood - North 08/31/2020 08/31/2021 CBD / Five Points / 44 Art District Flats 1225 Santa Fe Drive Denver CO 80204 Under Construction 126 09/26/2019 08/31/2021 North Capitol Hill 45 Talus Flats 2355 Mercantile Street Castle Rock CO 80109 Under Construction 111 Douglas County - North 05/31/2020 08/31/2021 CBD / Five Points / 46 X Denver 2.0 3000 North Inca Street Denver CO 80202 Under Construction 192 01/01/2020 07/31/2021 North Capitol Hill 47 4400 Syracuse 4400 South Syracuse Street Denver CO 80237 Under Construction 316 Arapahoe - Southwest 01/15/2020 07/31/2021

48 Broadstone Uptown 1780 North Marion Street Denver CO 80218 Under Construction 216 City Park / City Park West 12/01/2019 06/30/2021

49 Legacy at Fitz 1363 North Victor Street Aurora CO 80011 Under Construction 363 Aurora - Westcentral 04/01/2020 06/30/2021 CBD / Five Points / North 50 Edit at River North 3463 Walnut Street Denver CO 80205 Under Construction 366 08/08/2019 06/30/2021 Capitol Hill 51 Parkside at City Centre 14531 East Alameda Avenue Aurora CO 80012 Under Construction 216 Aurora - Westcentral 11/01/2019 05/31/2021 CBD / Five Points / 52 Denargo Market Phase III 2520 Wewatta Way Denver CO 80216 Under Construction 337 10/08/2019 04/30/2021 North Capitol Hill CBD / Five Points / 53 The Hooper 2600 Welton Street Denver CO 80205 Under Construction 103 10/17/2019 04/30/2021 North Capitol Hill 54 Vue West 4747 South Niagara Street Denver CO 80237 Under Construction 310 Arapahoe - Southwest 10/01/2019 04/30/2021

55 Edison at Wheat Ridge 3501 Wadsworth Blvd Wheat Ridge CO 80033 Under Construction 231 Wheat Ridge 01/05/2019 03/31/2021 CBD / Five Points / 56 The Fitzgerald 1840 Market Street Denver CO 80202 Under Construction 282 06/01/2019 03/31/2021 North Capitol Hill 57 The Overland 2065 South Cherokee Street Denver CO 80223 Under Construction 140 College View / Ruby Hill 11/01/2019 03/31/2021 Hampden / Virginia Village / 58 Airie 800 South Valentia Street Denver CO 80247 Under Construction 176 02/03/2020 03/31/2021 Washington Virginia Vale Source: Yardi Matrix Yardi Source: Denver New Construction & Proposed Multifamily Projects

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

Hampden / Virginia Village / 59 Modera West Wash Park 400 North Grant Street Denver CO 80203 Under Construction 241 05/18/2018 03/31/2021 Washington Virginia Vale 60 RÊVE Boulder SWC 30th Street & Pearl Street Boulder CO 80301 Under Construction 244 Boulder 09/01/2018 03/31/2021

61 Bridges at Flatiron 231 East Flatiron Crossing Blvd Broomfield CO 80021 Under Construction 324 Broomfield / Todd Creek 03/01/2020 03/31/2021

62 Aspire 5850 Central Avenue Westminster CO 80031 Under Construction 226 Westminster 08/15/2019 03/31/2021 CBD / Five Points / 63 The Flats / Fourteen45 1601 Market Street Denver CO 80202 Under Construction 225 04/02/2018 02/28/2021 North Capitol Hill CBD / Five Points / 64 X Denver 3100 Inca Street Denver CO 80202 Under Construction 251 11/29/2018 02/28/2021 North Capitol Hill 65 Fossil Ridge Phase II 6910 Steeplechase Drive Windsor CO 80550 Under Construction 204 Champion 03/02/2020 02/28/2021

66 PDG Design District 363 South Broadway Denver CO 80209 Under Construction 354 College View / Ruby Hill 03/31/2019 01/31/2021 CBD / Five Points / 67 Gateway North and South 1001 Decatur Street Denver CO 80204 Under Construction 187 05/13/2019 01/31/2021 North Capitol Hill Total Under Construction 10,682

68 The Arista SEC Arista Place & Wadsworth Pkwy Broomfield CO 80021 Planned 325 Westminster Westminster Station NEC Hooker Street & 69 Westminster CO 80030 Planned 147 Berkley / North Washington Drive Development Westminster Station Drive 70 Denargo Market Phase IV 2520 Wewatta Way Denver CO 80216 Planned 336 City Park / City Park West

71 Novel RiNo 1300 40th Street Denver CO 80205 Planned 483 City Park / City Park West

72 Elevate @ Pena Station Phase II 17607 East 61st Avenue Denver CO 80249 Planned 198 Denver International Airport

73 LMC Gateway East 61st Avenue & Ceylon Street Denver CO 80249 Planned 240 Denver International Airport

74 533 Van Gordon Street 533 Van Gordon Street Lakewood CO 80228 Planned 309 Lakewood - North

75 Aspen Heights Lakewood 1225 Wadsworth Blvd Lakewood CO 80214 Planned 351 Lakewood - North CBD / Five Points / 76 19th & Chestnut 2059 19th Street Denver CO 80202 Planned 198 North Capitol Hill CBD / Five Points / 77 26th Avenue & Alcott Street 2695 Alcott Street Denver CO 80211 Planned 119 North Capitol Hill CBD / Five Points / 78 2950 Arkins Court 2950 Arkins Court Denver CO 80216 Planned 365 North Capitol Hill CBD / Five Points / 79 The Bell and Palmer 3130 Zuni Street Denver CO 80211 Planned 111 North Capitol Hill CBD / Five Points / 80 Emerson Place 1833 Emerson Street Denver CO 80218 Planned 85 North Capitol Hill CBD / Five Points / 81 Evans West 1115 Acoma Street Denver CO 80204 Planned 479 North Capitol Hill CBD / Five Points / 82 Modera Golden Triangle 1025 Bannock Street Denver CO 80204 Planned 326 North Capitol Hill CBD / Five Points / 83 Union Station North 2980 Huron Street Denver CO 80202 Planned 299 North Capitol Hill CBD / Five Points / 84 Vario 2900 Brighton Blvd Denver CO 80216 Planned 380 North Capitol Hill CBD / Five Points / 85 Wynkoop Tower 3753 Wynkoop Street Denver CO 80216 Planned 186 North Capitol Hill Source: Yardi Matrix Yardi Source: Denver New Construction & Proposed Multifamily Projects

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

Capitol Hill / 86 757 Grant 757 North Grant Street Denver CO 80203 Planned 68 Cheesman Park / Hale East Colfax / 87 Aster Beeler Park NWC East 56th Avenue & Boston Court Denver CO 80238 Planned 246 Lowry Field / Stapleton East Colfax / 88 Central Park Station One 37th Place & Uinta Street Denver CO 80238 Planned 301 Lowry Field / Stapleton 89 Peoria Crossing Phase II 3002 North Peoria Street Aurora CO 80011 Planned 72 Aurora - Northwest

90 Alexan Broadway 2141 South Broadway Denver CO 80210 Planned 366 College View / Ruby Hill West Alameda Avenue & 91 AMLI Broadway Park Denver CO 80223 Planned 380 College View / Ruby Hill South Bannock Street 92 Aspen Hills SWC East 104th Avenue & Chambers Road Commerce City CO 80022 Planned 180 Brighton

93 Enova 16750 East 104th Avenue Commerce City CO 80022 Planned 228 Brighton South Clarkson Street & 94 The Clarkson Cherry Hills Village CO 80113 Planned 114 Englewood / Sheridan East Jefferson Avenue NEC East Chenango Avenue & 95 Alexan Belleview Station Denver CO 80237 Planned 251 Arapahoe - Southwest South Newport Street 96 OLIV Boulder 1750 15th Street Boulder CO 80302 Planned 148 Boulder

97 Downtown Superior SEC McCaslin Blvd & Superior Plaza Way Superior CO 80027 Planned 380 Broomfield / Todd Creek

98 Retreat at Bloomfield 400 Interlocken Crescent Broomfield CO 80021 Planned 234 Broomfield / Todd Creek

99 Aurum Golden 18475 West Colfax Avenue Golden CO 80401 Planned 168 Jefferson

100 Trailhead Community 5890 South Alkire Street Littleton CO 80127 Planned 84 Jefferson Applewood / West 101 Denver West 1767 Denver West Marriott Blvd Golden CO 80401 Planned 230 Pleasant View 102 Argenta 333 Havana Street Aurora CO 80010 Planned 207 Aurora - Westcentral

103 Longmont Station 1901 South Hover Street Longmont CO 80504 Planned 236 Greater Boulder

104 Outlook Nine Mile Arapahoe Road & Highway 287 Erie CO 80516 Planned 287 Greater Boulder

105 Sundar 10935 West Dillon Road Lafayette CO 80026 Planned 684 Greater Boulder

106 Shadow Ridge at Southlands Phase II 24750 East Applewood Circle Aurora CO 80016 Planned 50 Arapahoe - East

107 Apex Meridian Phase III 363 Inverness Pkwy Englewood CO 80112 Planned 208 Douglas County - North

108 Castle Pines SWC Castle Pines Pkwy & Lagae Road Castle Pines CO 80108 Planned 198 Douglas County - North

109 Mountain Brook Residential Subdivision 9170 Rogers Road Longmont CO 80503 Planned 110 Longmont

110 Sugarmill Townhomes 10012 North 119th Street Longmont CO 80501 Planned 224 Longmont NWC Crystal Valley Pkwy & 111 Canvas at Castle Rock Castle Rock CO 80104 Planned 155 Douglas County - South Plum Creek Blvd 112 Timnath Ranch 5100 School House Drive Fort Collins CO 80525 Planned 447 Estes Park / Laporte

113 Railway Flats Phase II 2105 Hopper Lane Loveland CO 80538 Planned 180 Champion

114 Ridgewood Hills 7363 Avondale Road Fort Collins CO 80525 Planned 146 Champion

115 4919 - 5001 S. College Avenue 4919 South College Avenue Fort Collins CO 80525 Planned 264 Fort Collins - South

116 The Overlook 3710 John F Kennedy Pkwy Fort Collins CO 80525 Planned 106 Fort Collins - South

117 Skyway SWC Mars Drive & West Skyway Drive Fort Collins CO 80525 Planned 90 Fort Collins - South Source: Yardi Matrix Yardi Source: Denver New Construction & Proposed Multifamily Projects

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

118 Johnson Drive 255 Johnson Drive Fort Collins CO 80525 Planned 193 Fort Collins - Central

119 Taft Eighty-Four 2800 South Taft Hill Road Fort Collins CO 80526 Planned 84 Fort Collins - Central

120 Springs at Longmont Weld County Road 1 & Zlaten Drive Longmont CO 80504 Planned 212 Weld South Colorado State Highway 14 & 121 Saddler Ridge Severance CO 80524 Planned 58 Windsor / Greeley West Weld County Road 17 122 Residences at RiNo 4290 Brighton Blvd Denver CO 80216 Planned 397 City Park / City Park West CBD / Five Points / 123 Alsation 600 Park Avenue West Denver CO 80205 Planned 238 North Capitol Hill CBD / Five Points / 124 The Foundry 3750 Blake Street Denver CO 80205 Planned 348 North Capitol Hill NEC South Clermont Street & Hampden / Virginia Village / 125 The Cameron Denver CO 80222 Planned 361 East Warren Avenue Washington Virginia Vale Hampden / Virginia Village / 126 The Cameron 4545 East Warren Avenue Denver CO 80222 Planned 361 Washington Virginia Vale Total Planned 14,231

127 Clear Creek Commons 5190 Marshall Street Arvada CO 80002 Prospective 250 Arvada

128 Marvelle Ralston Creek 9215 Ralston Road Arvada CO 80002 Prospective 158 Arvada

129 Olde Town Residences 5620 Vance Street Arvada CO 80002 Prospective 250 Arvada

130 Traxs at Ward 11818 West 52nd Avenue Wheat Ridge CO 80033 Prospective 200 Arvada

131 Ward Station 12085 West 52nd Avenue Wheat Ridge CO 80033 Prospective 100 Arvada

132 AVA Westminster Promenade 10655 Westminster Blvd Westminster CO 80020 Prospective 312 Westminster

133 Millennium Circle Point West 109th Avenue & Westminster Blvd Westminster CO 80020 Prospective 261 Westminster

134 Ridge Parkway 11798 Ridge Pkwy Broomfield CO 80021 Prospective 221 Westminster

135 Shepsfield Park Project 11251 Uptown Avenue Broomfield CO 80021 Prospective 50 Westminster

136 Uplands Lowell Blvd & West 82nd Ave Westminster CO 80260 Prospective 2,100 Westminster

137 Velo Interlocken NWC Interlocken Loop & Longs Peak Drive Broomfield CO 80021 Prospective 300 Westminster

138 Watermark at Broomfield West 120th Avenue & Ridge Pkwy Superior CO 80021 Prospective 360 Westminster

139 Caliber at the Grove East 144th Avenue & Washington Avenue Broomfield CO 80023 Prospective 222 Northglenn / Thornton

140 Eastlake East 120th Avenue & Claude Court Thornton CO 80241 Prospective 63 Northglenn / Thornton

141 Eastlake Station 1500 East 128th Avenue Thornton CO 80241 Prospective 60 Northglenn / Thornton

142 Pearl Street 9151 Pearl Street Thornton CO 80229 Prospective 86 Northglenn / Thornton

143 The Village at Thorncreek 12929 Washington Street Thornton CO 80241 Prospective 283 Northglenn / Thornton

144 Washington Center 12170 Washington Center Pkwy Thornton CO 80241 Prospective 321 Northglenn / Thornton

145 Lakewood Gateway 7400 West 26th Avenue Lakewood CO 80214 Prospective 84 Wheat Ridge

146 Town Center 4331 Vance Street Wheat Ridge CO 80033 Prospective 140 Wheat Ridge

147 7190 Colorado 7190 Colorado Blvd Commerce City CO 80022 Prospective 70 Berkley / North Washington

148 Clear Creek Transit Village 6001 Federal Blvd Denver CO 80221 Prospective 1,125 Berkley / North Washington

149 Midtown at Clear Creek Filing 12 6701 Zuni Street Westminster CO 80221 Prospective 147 Berkley / North Washington Source: Yardi Matrix Yardi Source: Denver New Construction & Proposed Multifamily Projects

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

150 3900 Brighton Blvd 3900 North Brighton Blvd Denver CO 80216 Prospective 631 City Park / City Park West

151 3930 Blake Street 3930 Blake Street Denver CO 80205 Prospective 253 City Park / City Park West

152 Broadstone Uptown West 1160 East 18th Avenue Denver CO 80218 Prospective 107 City Park / City Park West

153 East 17th Avenue & Fillmore Street East 17th Avenue & Fillmore Street Denver CO 80206 Prospective 180 City Park / City Park West East 37th Avenue & 154 3712 North Downing Street Denver CO 80205 Prospective 229 City Park / City Park West North Downing Street 155 Train Denver 4000 Blake Street Denver CO 80205 Prospective 100 City Park / City Park West

156 Edison at High Point 6850 Argonne Street Denver CO 80249 Prospective 114 Denver International Airport

157 High Point 6565 Argonne Street Denver CO 80249 Prospective 239 Denver International Airport

158 High Point 18591 East 64th Avenue Denver CO 80249 Prospective 300 Denver International Airport

159 The Landings at Gateway 18707 East 59th Avenue Denver CO 80249 Prospective 192 Denver International Airport

160 Station @ Pena SWC East 64th Avenue & Tower Road Denver CO 80249 Prospective 253 Denver International Airport

161 66 Van Gordon 66 South Van Gordon Street Lakewood CO 80228 Prospective 358 Lakewood - North

162 Allison Village 352 Allison Street Lakewood CO 80226 Prospective 100 Lakewood - North

163 Revel Belmar Senior 7221 West Virginia Avenue Lakewood CO 80226 Prospective 172 Lakewood - North

164 Village at Morse Park 2275 Wadsworth Blvd Lakewood CO 80214 Prospective 70 Lakewood - North CBD / Five Points / 165 1010 Santa Fe 1010 Santa Fe Drive Denver CO 80204 Prospective 207 North Capitol Hill CBD / Five Points / 166 1055 19th Street 1055 19th Street Denver CO 80202 Prospective 750 North Capitol Hill CBD / Five Points / 167 1115 North Acoma Street 1115 Acoma Street Denver CO 80204 Prospective 220 North Capitol Hill CBD / Five Points / 168 1300 Cherokee Street 1300 Cherokee Street Denver CO 80223 Prospective 217 North Capitol Hill CBD / Five Points / 169 1401 Wazee Street 1401 Wazee Street Denver CO 80202 Prospective 55 North Capitol Hill CBD / Five Points / 170 1559 Logan Street 1559 Logan Street Denver CO 80203 Prospective 281 North Capitol Hill CBD / Five Points / 171 1709 North Washington Street 1709 North Washington Street Denver CO 80203 Prospective 100 North Capitol Hill CBD / Five Points / 172 1899 Market Street 1899 Market Street Denver CO 80202 Prospective 50 North Capitol Hill CBD / Five Points / 173 2099 Lawrence Street 2099 Lawrence Street Denver CO 80205 Prospective 180 North Capitol Hill CBD / Five Points / 174 2114 Curtis Street 2114 Curtis Street Denver CO 80205 Prospective 50 North Capitol Hill CBD / Five Points / 175 2215 California 2215 California Street Denver 80205 Prospective 300 North Capitol Hill CBD / Five Points / 176 27th & Clay NWC West 27th Avenue & Clay Street Denver CO 80211 Prospective 116 North Capitol Hill CBD / Five Points / 177 3301 Mariposa Street 3301 Mariposa Street Denver CO 80211 Prospective 131 North Capitol Hill CBD / Five Points / 178 3403 Brighton Blvd 3403 Brighton Blvd Denver CO 80216 Prospective 100 North Capitol Hill Source: Yardi Matrix Yardi Source: Denver New Construction & Proposed Multifamily Projects

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

CBD / Five Points / 179 3703 North Downing Street 3703 North Downing Street Denver CO 80205 Prospective 151 North Capitol Hill CBD / Five Points / 180 4190 West Colfax Avenue 4190 West Colfax Avenue Denver CO 80204 Prospective 77 North Capitol Hill CBD / Five Points / 181 4556 Tennyson Street 4556 Tennyson Street Denver CO 80212 Prospective 130 North Capitol Hill CBD / Five Points / 182 601 16th Street 601 16th Street Mall Denver CO 80202 Prospective 50 North Capitol Hill CBD / Five Points / 183 650 West Colfax Avenue 650 West Colfax Avenue Denver CO 80204 Prospective 100 North Capitol Hill CBD / Five Points / 184 777 East 17th Ave 777 East 17th Avenue Denver CO 80203 Prospective 132 North Capitol Hill CBD / Five Points / 185 805 West 38th Avenue 805 West 38th Avenue Denver CO 80216 Prospective 180 North Capitol Hill CBD / Five Points / 186 990 Bannock Street 990 Bannock Street Denver CO 80204 Prospective 205 North Capitol Hill CBD / Five Points / 187 Art District Lofts 1277 Santa Fe Drive Denver CO 80204 Prospective 115 North Capitol Hill CBD / Five Points / 188 Champa Flats 2250 Champa Street Denver CO 80205 Prospective 169 North Capitol Hill Conejos Place CBD / Five Points / 189 3434 West Conejos Place Denver CO 80204 Prospective 105 Residential Development North Capitol Hill CBD / Five Points / 190 Downing Street Development Blake Street & North Downing Street Denver CO 80206 Prospective 100 North Capitol Hill CBD / Five Points / 191 El Jebel Temple 1770 Sherman Street Denver CO 80203 Prospective 350 North Capitol Hill CBD / Five Points / 192 Evans East 1120 North Acoma Street Denver CO 80204 Prospective 300 North Capitol Hill CBD / Five Points / 193 Fox Iron Works 4245 Fox Street Denver CO 80216 Prospective 392 North Capitol Hill CBD / Five Points / 194 Fox North 4400 Fox Street Denver CO 80216 Prospective 200 North Capitol Hill CBD / Five Points / 195 GreenHaus 2797 West 13th Avenue Denver CO 80204 Prospective 79 North Capitol Hill CBD / Five Points / 196 Kenect Denver 2136 Lawrence Street Denver CO 80205 Prospective 431 North Capitol Hill CBD / Five Points / 197 Mile High Studios 2608 West 13th Avenue Denver CO 80204 Prospective 166 North Capitol Hill CBD / Five Points / 198 The River Mile Elitch Circle & Speer Blvd Denver CO 80204 Prospective 8,000 North Capitol Hill CBD / Five Points / 199 Six Fifty 17 650 17th Street Denver CO 80202 Prospective 100 North Capitol Hill South End Empower CBD / Five Points / 200 1701 Bryant Street Denver CO 80204 Prospective 1,500 Field at Mile High North Capitol Hill CBD / Five Points / 201 Stadium District Development Federal Blvd & West Colfax Avenue Denver CO 80202 Prospective 112 North Capitol Hill CBD / Five Points / 202 Stok on Welton 2821 Welton Street Denver CO 80205 Prospective 122 North Capitol Hill Source: Yardi Matrix Yardi Source: Denver New Construction & Proposed Multifamily Projects

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

CBD / Five Points / 203 Sunnyside 4120 Jason Street Denver CO 80211 Prospective 208 North Capitol Hill CBD / Five Points / 204 Thrive 2660 West Holden Place Denver CO 80204 Prospective 105 North Capitol Hill CBD / Five Points / 205 Vida at Sloans 4 4017 West Colfax Avenue Denver CO 80204 Prospective 112 North Capitol Hill CBD / Five Points / 206 Viking Park 2826 West 29th Avenue Denver CO 80211 Prospective 117 North Capitol Hill CBD / Five Points / 207 X Denver 3.0 2100 Arapahoe Street Denver CO 80205 Prospective 392 North Capitol Hill CBD / Five Points / 208 X Denver 4 2000 Welton Street Denver CO 80205 Prospective 409 North Capitol Hill Capitol Hill / Cheesman 209 1150 East Colfax Avenue 1150 East Colfax Avenue Denver CO 80218 Prospective 336 Park / Hale Capitol Hill / Cheesman 210 758 Sherman Street 758 Sherman Street Denver CO 80203 Prospective 193 Park / Hale Capitol Hill / Cheesman 211 782 Sherman Street 782 Sherman Street Denver CO 80203 Prospective 81 Park / Hale Capitol Hill / Cheesman 212 8th and Sherman Street East 8th Avenue & Sherman Street Denver 80203 Prospective 193 Park / Hale Capitol Hill / Cheesman 213 Arts at 1200 Lincoln 1200 Lincoln Street Denver CO 80203 Prospective 194 Park / Hale Capitol Hill / Cheesman 214 Avalon Governor's Park 696 Sherman Street Denver CO 80203 Prospective 418 Park / Hale Capitol Hill / Cheesman 215 Modera Cherry Creek 180 Madison Street Denver CO 80206 Prospective 100 Park / Hale Capitol Hill / Cheesman 216 Route 40 Flats Redevelopment 1475 North Downing Street Denver CO 80218 Prospective 205 Park / Hale Capitol Hill / Cheesman 217 Sports Castle Lofts 1030 North Broadway Denver CO 80204 Prospective 325 Park / Hale East Colfax / 218 4141 East 35th Avenue 4141 East 35th Avenue Denver CO 80207 Prospective 100 Lowry Field / Stapleton East Colfax / 219 60th & Argonne 60th Avenue & Argonne Street Broomfield CO 80020 Prospective 189 Lowry Field / Stapleton East Colfax / 220 Aurora Crossroads E - 470 & Interstate 70 Aurora CO 80011 Prospective 125 Lowry Field / Stapleton East Colfax / 221 Avelon East 64th Avenue & Picadilly Road Aurora CO 80019 Prospective 1,100 Lowry Field / Stapleton East Colfax / 222 Beeler Park 9356 57th Avenue Denver CO 80238 Prospective 246 Lowry Field / Stapleton East Colfax / 223 Central Park East 32nd Avenue & Central Park Blvd Denver CO 80238 Prospective 307 Lowry Field / Stapleton East Colfax / 224 Central Park Central Park Blvd & Northfield Blvd Denver CO 80238 Prospective 100 Lowry Field / Stapleton East Colfax / 225 Kappa Tower II Phase II 8902 East Northfield Blvd Denver CO 80238 Prospective 50 Lowry Field / Stapleton East Colfax / 226 Stapleton Area SEC Central Park Blvd & M.L.K. Jr Blvd Denver CO 80238 Prospective 309 Lowry Field / Stapleton Source: Yardi Matrix Yardi Source: Denver New Construction & Proposed Multifamily Projects

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

East Colfax / 227 Strata Phase II 16505 Green Valley Ranch Blvd Denver CO 80239 Prospective 96 Lowry Field / Stapleton 228 2201 Clinton Street 2201 Clinton Street Aurora CO 80010 Prospective 338 Aurora - Northwest

229 Alta Fitzsimons at Colfax Station 1520 Fitzsimons Pkwy Aurora CO 80011 Prospective 294 Aurora - Northwest

230 Stanley Residential 9511 East 23rd Avenue Aurora CO 80010 Prospective 172 Aurora - Northwest West Jewell Avenue & 231 Green Gables Lakewood CO 80232 Prospective 200 Lakewood - South South Wadsworth Blvd 232 Novel White Fence Farm 6263 West Jewell Avenue Lakewood CO 80232 Prospective 234 Lakewood - South

233 1900 South Acoma Street 1900 South Acoma Street Denver CO 80223 Prospective 165 College View / Ruby Hill

234 1st Avenue 21 West 1st Avenue Denver CO 80203 Prospective 106 College View / Ruby Hill

235 2720 Federal 2720 South Federal Blvd Denver CO 80236 Prospective 70 College View / Ruby Hill

236 301 South Cherokee Street 301 South Cherokee Street Denver CO 80223 Prospective 359 College View / Ruby Hill

237 50 South Kalamath Street 50 South Kalamath Street Denver CO 80223 Prospective 471 College View / Ruby Hill

238 Aspgren Park 728 South Lipan Street Denver CO 80223 Prospective 216 College View / Ruby Hill

239 Broadway Park 701 South Broadway Denver CO 80209 Prospective 98 College View / Ruby Hill NEC South Cherokee Street & 240 Cherokee & Dakota Denver CO 80209 Prospective 291 College View / Ruby Hill West Dakota Avenue NWC South Broadway & 241 Gates District at Broadway Station Denver CO 80223 Prospective 290 College View / Ruby Hill West Mississippi Avenue Gates District at Broadway NWC South Broadway & 242 Denver CO 80209 Prospective 597 College View / Ruby Hill Station Phase II West Mississippi Avenue 243 Rhonda's Place 211 South Federal Blvd Denver CO 80219 Prospective 50 College View / Ruby Hill Hampden / Virginia Village / 244 Avere on the High Line 1860 South Quebec Way Denver CO 80231 Prospective 56 Washington Virginia Vale Hampden / Virginia Village / 245 Cherry Creek North 3865 Cherry Creek North Drive Denver CO 80209 Prospective 180 Washington Virginia Vale Hampden / Virginia Village / 246 Colorado Blvd & Evans Avenue 2100 South Colorado Blvd Denver CO 80222 Prospective 86 Washington Virginia Vale Hampden / Virginia Village / 247 East Virginia Village 7210 East Colorado Avenue Denver CO 80224 Prospective 74 Washington Virginia Vale Hampden / Virginia Village / 248 Monaco Parkway 2150 South Monaco Street Pkwy Denver CO 80222 Prospective 400 Washington Virginia Vale South Holly Street & South Holly Street & Hampden / Virginia Village / 249 Denver CO 80222 Prospective 63 South Ivanhoe Place South Ivanhoe Place Washington Virginia Vale 250 Adams Crossing SWC East 124th Avenue & Sable Blvd Brighton CO 80640 Prospective 50 Brighton Old Mile High Greyhound 251 6200 Dahlia Street Commerce City CO 80022 Prospective 189 Brighton Park Redevelopment 252 Adriatic Townhomes 2140 South Zuni Street Englewood CO 80110 Prospective 64 Englewood / Sheridan

253 Navajo 4201 South Navajo Street Englewood CO 80110 Prospective 141 Englewood / Sheridan

254 Winslow Crane 3002 South Huron Street Englewood CO 80110 Prospective 203 Englewood / Sheridan West Amherst Avenue & 255 Loretto Heights Area Plan Denver CO 80236 Prospective 100 Bear Valley / Fort Logan South Federal Blvd Source: Yardi Matrix Yardi Source: Denver New Construction & Proposed Multifamily Projects

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

256 Columbine Square 5151 South Federal Blvd Littleton CO 80123 Prospective 340 Columbine Valley / Littleton SWC West Mineral Avenue & 257 River Park Littleton CO 80120 Prospective 306 Columbine Valley / Littleton South Santa Fe Drive 258 Trails at Lehow 300 West Lehow Avenue Englewood CO 80110 Prospective 80 Columbine Valley / Littleton

259 4552 South Ulster 4552 South Ulster Street Denver CO 80237 Prospective 225 Arapahoe - Southwest

260 Clinton Street 7200 South Clinton Street Centennial CO 80112 Prospective 230 Arapahoe - Southwest

261 The Legends of Centennial 6263 South Parker Road Centennial CO 80015 Prospective 209 Arapahoe - Southwest East Peakview Avenue & 262 Village at Centennial Centennial CO 80112 Prospective 203 Arapahoe - Southwest South Vaughn Street 263 1155 Alpine Avenue 1155 Alpine Avenue Boulder CO 80304 Prospective 300 Boulder

264 Iris & B 3303 Broadway Boulder CO 80304 Prospective 50 Boulder

265 S'PARK Timber II 3350 Bluff Street Boulder CO 80301 Prospective 85 Boulder

266 The Lock at Flatiron Flatiron Blvd & Interlocken Loop Broomfield CO 80021 Prospective 260 Broomfield / Todd Creek

267 Norwest 12060 Perry Street Broomfield CO 80020 Prospective 144 Broomfield / Todd Creek

268 Redtail Ridge South 96th Street & Northwest Pkwy Broomfield CO 80020 Prospective 900 Broomfield / Todd Creek Residences at Flatiron SEC East Flatiron Crossing Drive & 269 Broomfield CO 80021 Prospective 873 Broomfield / Todd Creek Marketplace Phase II US Highway 36 270 Retreat at Broomfield 400 Interlocken Blvd Broomfield CO 80021 Prospective 234 Broomfield / Todd Creek

271 Rock Creek South Indiana Street & Rock Creek Pkwy Superior CO 80027 Prospective 94 Broomfield / Todd Creek

272 Watermark Coal Mine 13412 West Coal Mine Avenue Littleton CO 80127 Prospective 250 Jefferson Applewood / West 273 16500 South Golden Road 16500 South Golden Road Golden CO 80401 Prospective 79 Pleasant View 274 Abilene Station NEC East 2nd Avenue & Abilene Street Aurora CO 80011 Prospective 767 Aurora - Westcentral

275 Coark Tower 11714 East Colfax Avenue Aurora CO 80010 Prospective 76 Aurora - Westcentral

276 East 2nd Avenue 14875 East 2nd Avenue Aurora CO 80011 Prospective 93 Aurora - Westcentral

277 Edge Point Phase III East 13th Avenue & Peoria Street Aurora CO 80010 Prospective 340 Aurora - Westcentral

278 Fitzsimons Village 13447 East 13th Place Aurora CO 80011 Prospective 490 Aurora - Westcentral

279 Arapahoe Lofts 9495 East Florida Avenue Denver CO 80247 Prospective 250 Aurora - Southwest

280 Colorado Avenue 10150 East Colorado Avenue Denver CO 80247 Prospective 80 Aurora - Southwest

281 The Point at Nine Mile Station 3190 South Parker Road Aurora CO 80014 Prospective 350 Aurora - Southwest

282 40 North Anna Thomas Pkwy & Baseline Road Lafayette CO 80026 Prospective 289 Greater Boulder SWC Courtesy Road & 283 Coal Creek Station Louisville CO 80027 Prospective 54 Greater Boulder East South Boulder Road 284 Northwest South 120th Street & Northwest Pkwy Lafayette CO 80026 Prospective 50 Greater Boulder

285 Murphy Creek Townhomes South Flatrock Trail & East Jewell Avenue Aurora CO 80018 Prospective 174 Arapahoe - East NEC East Mississippi Avenue & 286 Sand Creek Ranch Aurora CO 80010 Prospective 132 Arapahoe - East Powhaton Road 287 Starfall West Alameda Avenue & Taft Avenue Aurora CO 80010 Prospective 1,188 Arapahoe - East Source: Yardi Matrix Yardi Source: Denver New Construction & Proposed Multifamily Projects

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

288 Anthology North 11920 North Motsenbocker Road Parker CO 80134 Prospective 234 Douglas County - North

289 Caliber at Terrain 1472 Castle Oaks Drive East Castle Rock CO 80104 Prospective 238 Douglas County - North

290 Castle Pines Town Center NWC Happy Canyon Road & US I - 25 Castle Pines CO 80108 Prospective 200 Douglas County - North

291 Chroma Phase II 1360 Martha Street Highlands Ranch CO 80129 Prospective 50 Douglas County - North

292 Meadows Coachline Rd & W Plum Creek Pkwy Castle Rock CO 80109 Prospective 116 Douglas County - North

293 Pine Canyon Canam Hwy & Liggett Road Castle Rock CO 80109 Prospective 805 Douglas County - North

294 Prescient at Ridgegate 9938 Trainstation Circle Lone Tree CO 80124 Prospective 241 Douglas County - North Resort Lifestyle Communities 1360 295 1360 Meadows Pkwy Castle Rock CO 80104 Prospective 130 Douglas County - North Meadows Pkwy 296 RidgeGate East SEC Interstate 25 & Lincoln Avenue Lone Tree CO 80124 Prospective 540 Douglas County - North

297 RidgeGate Station SEC I - 25 & South Havana Street Lone Tree CO 80124 Prospective 540 Douglas County - North

298 Ridgeview 895 North Ridge Road Castle Rock CO 80104 Prospective 150 Douglas County - North

299 Sixth Street Lewis Street & Sixth Street Castle Rock CO 80104 Prospective 218 Douglas County - North

300 Sterling Ranch Eagle River Street & Piney River Avenue Littleton CO 80125 Prospective 1,800 Douglas County - North

301 Stonegate SWC E - 470 & Jordan Road Stonegate CO 80134 Prospective 150 Douglas County - North

302 Summit Square / Quincy Point 3235 Mill Vista Road Highlands Ranch CO 80129 Prospective 200 Douglas County - North

303 The Summit Townhomes and Villas Castle Pines Pkwy & Lagae Road Castle Pines CO 80108 Prospective 214 Douglas County - North

304 Vanguard Castle Rock 455 North Alexander Place Castle Rock CO 80108 Prospective 260 Douglas County - North

305 9th & Pace NEC East 9th Avenue & Pace Street Longmont CO 80504 Prospective 120 Longmont

306 Boston Station 301 1st Avenue Longmont CO 80501 Prospective 372 Longmont East County Line Road & 307 The Highlands at Fox Hill Longmont CO 80504 Prospective 407 Longmont East Ken Pratt Blvd 308 Nova 9295 Nelson Road Longmont CO 80503 Prospective 264 Longmont

309 South Main Station Phase II 485 2nd Avenue Longmont CO 80501 Prospective 62 Longmont SEC North Ridge Road & 310 Upper Sunstone Village Castle Rock CO 80104 Prospective 261 Douglas County - South State Highway 86 311 DC 2313 South County Road 5 Fort Collins CO 80525 Prospective 211 Estes Park / Laporte North Giddings Road & 312 Montava Fort Collins CO 80524 Prospective 1,500 Estes Park / Laporte Richards Lake Road NWC Laporte Avenue & 313 Sanctuary on the Green Fort Collins CO 80521 Prospective 268 Estes Park / Laporte North Taft Hill Road Timnath Trail at Riverbend 314 4801 Signal Tree Drive Timnath CO 80547 Prospective 82 Estes Park / Laporte Apartment Homes Phase II 315 Watermark at Fort Collins 501 Spaulding Lane Fort Collins CO 80524 Prospective 296 Estes Park / Laporte South County Road 5 & 316 Windsor Villages at Ptarmigan Windsor CO 80528 Prospective 100 Estes Park / Laporte East County Road 32 317 6801 South College Road 6801 South College Avenue Fort Collins CO 80525 Prospective 90 Champion NWC South Timberline Road & 318 The Hansen Fort Collins CO 80528 Prospective 240 Champion Zephyr Road 319 Harmony & Strauss Cabin East Harmony Road & Strauss Cabin Road Fort Collins CO 80525 Prospective 296 Champion Source: Yardi Matrix Yardi Source: Denver New Construction & Proposed Multifamily Projects

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

320 Harmony Road Multi Family Development Harmony Road and Strauss Cabin Road Fort Collins CO 80525 Prospective 276 Champion

321 Hunters Run West West 22nd Street & Cascade Avenue Loveland CO 80538 Prospective 451 Champion

322 Masbur Property Townhomes 4225 Kechter Road Fort Collins CO 80528 Prospective 100 Champion

323 The Ridge at Johnstown Interstate 25 & East County Road 18 Johnstown CO 80534 Prospective 300 Champion South College Avenue & 324 Triangle Road Fort Collins CO 80525 Prospective 302 Champion East County Road 32 325 Trilby and Timberline Residential South Timberline Road & East Trilby Road Fort Collins CO 80528 Prospective 221 Champion

326 Vantage at Loveland 14th Street SW & South Tyler Avenue Loveland CO 80537 Prospective 288 Champion

327 Wintergreen Village 455 West 64th Street Loveland CO 80538 Prospective 216 Champion

328 St. Valentine East 7th Street & Hayes Avenue Loveland CO 80537 Prospective 54 Loveland

329 College and Trilby 6301 South College Avenue Fort Collins CO 80525 Prospective 150 Fort Collins - South

330 The Collins 201 East Harmony Road Fort Collins CO 80525 Prospective 116 Fort Collins - South

331 South College Avenue 4858 South College Avenue Fort Collins CO 80525 Prospective 62 Fort Collins - South

332 920 Hobbit Street 920 Hobbit Street Fort Collins CO 80526 Prospective 52 Fort Collins - Central

333 Spradley Barr 2601 South College Avenue Fort Collins CO 80525 Prospective 200 Fort Collins - Central

334 Watermark at Spring Creek SEC Hobbit Street & South Shields Street Fort Collins CO 80526 Prospective 348 Fort Collins - Central

335 1215 South Shields Street 1215 South Shields Street Fort Collins CO 80521 Prospective 97 Fort Collins - North

336 East Vine Drive & Jerome Street Jerome Street & East Vine Drive Fort Collins CO 80524 Prospective 212 Fort Collins - North

337 The Enclave at Redwood SEC Conifer Street & Redwood Street Fort Collins CO 80524 Prospective 200 Fort Collins - North

338 Haven 730 West Prospect Road Fort Collins CO 80526 Prospective 58 Fort Collins - North

339 Hub on Campus Fort Collins 1415 West Elizabeth Street Fort Collins CO 80521 Prospective 212 Fort Collins - North

340 Jerome Street 1200 Jerome Street Fort Collins CO 80524 Prospective 212 Fort Collins - North NWC West Laurel Street & 341 Laurel & Mason Fort Collins CO 80524 Prospective 60 Fort Collins - North South Mason Street 342 Lombardy 1220 University Avenue Fort Collins CO 80521 Prospective 339 Fort Collins - North

343 Mosaic North Timberline Road & East Vine Drive Fort Collins CO 80524 Prospective 160 Fort Collins - North

344 Northfield Commons North Lemay Avenue & Redwood Street Fort Collins CO 80521 Prospective 96 Fort Collins - North

345 The Retreat at Fort Collins Redwood Street & Suniga Drive Fort Collins CO 80524 Prospective 210 Fort Collins - North

346 Willow & Pine 223 Willow Street Fort Collins CO 80524 Prospective 197 Fort Collins - North

347 6701 Frederick Way 6701 Frederick Way Frederick CO 80530 Prospective 54 Weld South

348 Copper Platte US Route 34 & 17th Avenue Greeley CO 80631 Prospective 240 Greeley East West 20th Street Road & 349 Alpine Flats Greeley CO 80634 Prospective 142 Windsor / Greeley West 53rd Avenue Court 350 The Village Center Eastman Park Drive & Highway 257 Windsor CO 80550 Prospective 100 Windsor / Greeley West

351 West Park SWC West 24th Street & 38th Avenue Greeley CO 80634 Prospective 298 Windsor / Greeley West

352 3600 North Downing Street 3600 North Marion Street Denver CO 80205 Prospective 225 City Park / City Park West

353 3800 Wynkoop Street 3800 Wynkoop Street Denver CO 80216 Prospective 350 City Park / City Park West Source: Yardi Matrix Yardi Source: Denver New Construction & Proposed Multifamily Projects

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

354 Lamar Station Crossing Phase II 6150 West 13th Avenue Lakewood CO 80214 Prospective 66 Lakewood - North CBD / Five Points / 355 14th Street & Larimer Street 14th Street & Larimer Street Denver CO 80202 Prospective 300 North Capitol Hill CBD / Five Points / 356 3225 Denargo Street 3225 Denargo Street Denver CO 80216 Prospective 326 North Capitol Hill CBD / Five Points / 357 Jody Redevelopment 5375 West 10th Avenue Denver CO 80204 Prospective 63 North Capitol Hill CBD / Five Points / 358 Opus - Colfax and Kalamath 1443 Kalamath Street Denver CO 80204 Prospective 280 North Capitol Hill CBD / Five Points / 359 Vert Lofts 3595 Wynkoop Street Denver CO 80216 Prospective 175 North Capitol Hill 360 Celestial Seasonings Sleepytime Drive & Zinger Street Boulder CO 80301 Prospective 268 Greater Boulder

361 Waterview 5801 Arapahoe Avenue Boulder CO 80303 Prospective 376 Greater Boulder

362 Auburn Villas 1033 Auburn Drive Castle Rock CO 80109 Prospective 100 Douglas County - South

363 Taft Avenue Development West 57th Street & North Taft Avenue Loveland CO 80538 Prospective 100 Champion

364 Penny Flats North 209 Cherry Street Fort Collins CO 80521 Prospective 64 Fort Collins - North Total Prospective 66,617

TOTAL DENVER 96,671 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: December 2020