Orlando New Construction & Proposed Multifamily Projects 4Q20

160

70 159 29 35 34

74 73 60 ID PROPERTY UNITS 69 29 The Julian 409 41 40 Total Lease Up 409

34 Society Orlando 217 158 35 Society Orlando Phase II 247 40 Modera Creative Village 292 154 41 Orange & Robinson 368 150 60 Radius 389 65 Camden Lake Eola 360

Total Under Construction 1,873 155 65 161 71 152 305

69 319 N. Magnolia Ave 238 72 70 500 North Orange Avenue 398 153 71 Altis Lake Willis 567 72 Monarch 400 73 Orlando Magic Complex 310 74 Zoi House 300 150 DXV Central 189 Total Planned 2,402

152 200 South Orange 143 157 153 401 South Rosalind Avenue 236 154 City Centre 215 155 The Green District 464 157 Novel Lucerne Phase II 300 158 Orlando Central 450 159 Tribune 318 160 Tribune II 428 161 Vive on Eola 120 167 Lake Copeland 118 305 Mariposa Groves 153 167 Total Prospective 2,945 1000 ft Source: Yardi Matrix

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

ID PROPERTY UNITS

2 Integra Crossings 348

8 Alta Longwood 266 125 128 14 Sanctuary at CenterPointe 300 25 Allure on Parkway 290 54 248 247 32 WaterVue at Longwood 130 127 Total Lease Up 1,334 2

253 50 The Helix 300 25 54 Broadstone Viridian 260 249 Total Under Construction 560 252

114 Alta Cypress 342 50 115 Oxford Place 246 116 Oxford Place Phase II & III 534

117 Oviedo Mall Redevelopment 425 250 118 John L. Mica Way & Palmetto Avenue 52 119 Kiwi at Fern Lake 75 125 Heritage Park 235 251 126 126 Hester Avenue 120 127 Sanford Sunrail Station 316 128 The View @ Lake Monroe 300 151 Alafaya Trail & Beasley Road 92 234 Total Planned 2,737

194 The Tiffany at Maitland West Phase II 285 118 8 Cranes Roost Boulevard & 119 232 Shorecrest Drive 330 233 Merritt Street 120 32

234 General Hutchison Pkwy & 114 Timocuan Way 50 235 264 East Mitchell Hammock Road 297 237 Villas at Academy Place 60 14 247 First Street Station 292 233 237 248 Monroe Place 102 232 117 115 249 Parkside Place 100 235 250 The Preserve 240 116 251 Reagan Center 827 252 Vintage North 310 194 151 253 Novel Parkway 325 Total Prospective 3,338 1 mi Source: Yardi Matrix

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

ID PROPERTY UNITS

5 Altaire at Millenia 330 85 33 The Addison at Universal Boulevard 344 216 Total Lease Up 674 64

36 Deseo Grande 365 37 Republic Square 350 5 191 49 Jefferson Sand Lake 264 63 Mirage Residences 60 215 64 Park Central 215 190 86 66 Sandlake Palazzo 120 177 Total Under Construction 1,374 36

80 Silver Hills at Universal 540 81 Waterside 408 173 174 85 Gardens on Millenia 350 178 37 86 Millenia Park 960 80 66 91 2630 Amazonas Circle 386 63 92 Alta Headwaters Phase II 100 95 Addison at Cypress Sound 216 96 Ruby Lake Road 400 176 97 Turkey Lake Road 376 98 The Village at O - Town West 850 49 Total Planned 4,586 33

81 173 6603 International Drive 350 174 Bainbridge at Sand Lake 330 175 175 Grand Cypress Resort Conrad Hilton 1,500 176 International Drive & Wildwood Avenue 350 91 177 LIV Grand National 349 97 178 Silver Hills at Universal Phase II 170 190 Madison Landing Phase II 86 92 191 Summer Grove 120 212 209 Benson 600

210 Daryl Carter Pkwy & International Drive 481 211 211 Grande Pines 423 98 212 Interstate 4 Plaza 360 209 213 Rita Westwood 350 95 96 215 5767 Major Blvd 396 213 216 Conroy Townhomes 52 210 Total Prospective 5,917 2000 ft Source: Yardi Matrix

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

ID PROPERTY UNITS

6 Prime 340 24 Calirosa 152 27 Sonceto 296 Total Lease Up 788

38 129 6 132 38 North Poinciana Blvd & Sunrise Blvd 296 259 130 262 48 19 South 384 48 273 55 Neo Square 292 287 27 24 Total Under Construction 972 281 260 265

129 Lantower Tower 321 131 130 Loop South 400 261 131 Snow White Village 288 258 132 Sunrise City Drive I & II 465 133 Mosaic @ Lake Toho 288 257 134 Weston 4 Hundred 203 136 NeoCity 100 Total Planned 2,065 264

272 257 2420 Old Vineland Road 225 263 55 258 Cypress Cay 286 259 Epoch Flora Ridge Phase III 292 267 134 260 The Teale I 200 136 261 West Carroll Street & Dyer Blvd 250 133 262 Brownie Wise 1,700 263 Landmark in Kissimmee 247 264 Neo at Kissimmee 368 270 268 265 Orange Blossom Trail & Woodland Creek Blvd 420 266 266 Osceola Village Center 500 267 Saxon Rose 346 271 268 White Dove Court 88 270 Aero Vue Crossings 95 271 Cross Prairie Parkway 330 272 Fortune Road 200 273 Isla Townhomes 64 281 Magic Place 251 287 The Teale II 100 Total Prospective 5,962 2000 ft Source: Yardi Matrix

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

193 89

196 31

ID PROPERTY UNITS 79 197

9 The Yard at Ivanhoe 591 18 Lake House 252 195 31 The Lexington at Winter Park Phase II 50 171 Total Lease Up 893

52 Alta at Health Village 285 58 57 Cannery at the Packing District 307 58 Alexan Winter Park Phase II 222 Total Under Construction 814

52 75 Baldwin House 122 57 77 Orlando Fashion Square 100 78 Packing District Townhomes 130 78 163 18 79 Merak 52 75 9 89 Gem Lake Redevelopment 431 170

Total Planned 835 165

156 156 MOSAIC 200 169 162 164 77 162 Westmoreland Square 79 163 Orange Avenue 100 164 Alexan at Mills 50 246 165 Urbon Apartments Homes Phase II 493 166 Bumby Avenue 250 169 Parkwood Lofts 120 170 Waterview Preserve 132 171 Lake Orlando 100

193 Affinity at Lake Weston 437 306 195 Cedar Cove 84 196 Monroe Avenue 431 197 Winter Park Village 100 166 306 Orange Center Blvd 58 Total Prospective 2,830 2000 ft Source: Yardi Matrix

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

ID PROPERTY UNITS

23 Vale East 176 Total Lease Up 176

44 Calirosa Winter Park 178 47 Makara 228 Total Under Construction 406 120 236

242 76 Colonial Drive 270 44 90 Balsam & Dogwood 86 122 120 Avila 269 47 121 121 3210 Rouse Rd 130 254 122 The Paseo at Collegiate Village 350 240 123 Greeneway Park 192 238 124 Innovation Pointe 350 Total Planned 1,647 198 123 76 241 246 239 255 198 Colonial Greens 371 200 199 199 The Avery Phase II 440 200 The Avery 200 201 6540 Lake Underhill Road 270 90 23 244 236 Seminole Avenue 50 243 238 12175 Science Drive 191 201 239 12727 East Colonial Drive 170 240 2649 Stanmore Court 350 241 Cottages at Alafaya 151 242 Quadrangle PD 100 243 Fieldstream Village 1,500 244 The Gardens at 707 Woodbury 63 245 124 245 The Reserve at Avalon 1,750 246 Waterford Lakes 265 254 The Grow 2,078 255 River Cross Land 500 Total Prospective 8,449 1 mi Source: Yardi Matrix

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

ID PROPERTY UNITS 82

19 Oasis at Moss Park Preserve 262 Total Lease Up 262

42 180 179 42 The Addison Gateway 323 181 43 Bainbridge Narcoossee Cove 354 Total Under Construction 677 189

82 Twelve Oaks 348 83 Futura at Nona Cove 260 84 Weller Boulevard Multi Residential 300

93 Boggy Creek Crossing 306 19 94 Wetherbee Road 950 185 Total Planned 2,164

188 179 7567 Narcoossee Road 324 207 203 182 180 BellaNova at JubiLee Park Phase II 392 43 205 206 181 Oasis at Lake Conway 216 94 187 84 182 11751 Narcoossee Road 100 183 7042 Lake Nona Blvd 450 186 184 183 184 Creekside 110 204 185 East Park Village Center 264 186 Education Village 400 202 187 Novel Nona Place 260 188 Poitras 306 93 189 Vista Park Torrey Preserve 1,000 208 83 202 14314 Boggy Creek Road 986 203 Bainbridge Nona North 252 291 204 Meadow Woods 68 205 Meadow Woods TOD Midtown Village & Meadow Woods Town Center 730 206 Meadow Woods TOD South Village 626 207 Meadow Woods TOD Wellness Village 144 208 Tyson Ranch 320 274

269 1050 Narcoossee Road 122 269 274 Narcoossee and Jack Brack 250 291 Franklin Villas 72 Total Prospective 7,392 1 mi Source: Yardi Matrix

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

ID PROPERTY UNITS 214

1 The Oaks on the Lake 270 20 3 Overture Hamlin 180 217

4 Vintage Horizon West 340 3 13 Dolce Living Royal Palm 326 147 218 16 Maingate Village 357 17 The Westerly 352 20 The Lodge at Hamlin 250 21 Sentosa Reunion 288 100 101 22 Ascend Waterleigh 354 Total Lease Up 2,717

22 53 The Addison Lake Bryan 266 4 219 56 Delamarre 379 221 67 Serenity at Flamingo Crossings 300 68 The Orchard at Cagan Crossings 152

Total Under Construction 1,097 220

222 99 Avalon Pointe 300 17 53 100 Avalon Road & Old YMCA Road 350 67 223 101 Chapel Crossing 62 68 102 Hartzog & Avalon 202 99 102 103 The Registry on Grass Lake 360 1 103 277 104 104 Waterstar 320 13 137 Fortune Star 550 279 285 147 Olympus 600 137 16 Total Planned 2,744

214 5504 Winter Garden Vineland Road 376 283 56 217 Hamlin West 496 218 Silverleaf 2,300 219 Ascend Waterleigh Phase II 383 276 286 220 Avalon Road and Lake Star Road 380 279 Hawthorn Suites Redevelopment 103 21 221 Horizon West 284 280 Island Village 300 222 Serenade at Ovation 269 282 North Old Lake Wilson Road & 280 Western Beltway 400 223 Withers PD 798 283 Old Lake Wilson Road 344 275 Cortland ChampionsGate 353 275 285 Rolling Oaks 564 276 Daniel Webster Western Beltway & 348 Sinclair Road 286 Sinclair 385 282 277 Golden Lagoon 100 Total Prospective 8,183 1 mi Source: Yardi Matrix

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

ID PROPERTY UNITS 226 7 West Vue 442 12 Minneola Hills 297 Total Lease Up 739 229 227

45 The Avenue on Oakland 342

46 Alta East Shore 285 231 110 Total Under Construction 627

112 87 Millenium MetroWest 320 113 88 Polo Glen at Lake Betty 336 109 46 230 105 Ocoee Village Center 320 106 Arya Independent Living 148 88 111 107 Colonial Drive 242 228 108 Orange Lake Country Club 472 109 Alta Winter Garden 250 110 Apopka City Center 250 111 Ascend Oak Pointe 240 112 Marden Ridge Phase II 228

113 Monarchs at Lake Pleasant 126 105 145 Hancock 306

146 Neo at Four Corners 350 146 298 Total Planned 3,588 12

225 172 172 Whispering Oaks 142

192 Hudson 320 299 224 Fifty West 275 45 224 225 Lakeland Plaza 70 145 226 Floridian Town Center 600 107 227 Hidden Lake Reserve 92 297 108 228 Lake Apopka 120 192 229 Peterson Road Development 146 106 7 230 Residences at Emerson Park 106 231 South Mews at Avian Pointe 702 87 297 Hancock Commons 281 298 Hills at Minneola Phase II 330 299 The Vue at Clermont 100 300 300 Wellness Way PUD 100 Total Prospective 3,384 1 mi Source: Yardi Matrix

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

ID PROPERTY UNITS

10 The Oasis at West Melbourne 316 11 Isla 197 304 302 15 Dream Space Coast 186 26 Highline 171 303 61 59 148 28 Legacy at Oakwood Landing 274 149 301 30 Olea at Viera 166 Total Lease Up 1,310

39 Integra Station at Space Coast Town Centre 300 51 Rockledge Flats 247

59 Valencia Grove Phase II 110 139 61 Atwater Phase II 208 62 Heritage Park at Crane Creek 108 15 Total Under Construction 973 292

135 Center Lake Ranch 800 168 138 Ham Brown Reserve 298 256 139 Horizon at Sand Point 384 140 Cocoa Grand 268

141 Heritage Lakes of West Melbourne 275 294 142 Integra Station at Space Coast Town Centre Phase II 800 140 143 Parasol Melbourne 159 51 144 West Shore 248 148 Indian Springs 100 293 149 Venetian Isles 100 135 Total Planned 3,432 289 288 290 30 28 138 278 168 Southern Oaks 208 256 Sunbridge 100 284 278 Ham Brown Reserve Phase II 237 141 284 Peregrine Court 100 142 26 288 The Edgewater 5,000 10 39 62 289 Meadowlark Court 88 296 Cricket Drive 264 143 144 290 Stevens Plantation 100 301 Eudora Groves at Spring Harbor 154 295 292 Riverwalk Grand 210 302 Reserve at Spring Lake Cove 127 296 293 Borrows West 350 303 Silver Lake Villas 256 11 294 Orchid Lake 96 304 Spring Lake Road 110 295 The Atrium 149 Total Prospective 7,549 5 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Orlando 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 The Oaks on the Lake 145 Town Center Blvd Clermont FL 34714 Lease-Up 270 Hancock Lake 03/01/2019 09/30/2021 03/02/2020 2 Integra Crossings 801 Bella Verde Terrace Sanford FL 32771 Lease-Up 348 Woodruff Springs 01/31/2020 08/31/2021 12/03/2020

3 Overture Hamlin 5620 Hamlin Groves Trail Winter Garden FL 34787 Lease-Up 180 Lake Buena Vista 01/21/2020 08/31/2021 08/24/2020 4 Vintage Horizon West 9223 Vintage Hills Way Winter Garden FL 34787 Lease-Up 340 Orange Lake 03/31/2020 07/31/2021 11/30/2020 5 Altaire at Millenia 5450 Millenia Lakes Blvd Orlando FL 32839 Lease-Up 330 Oak Ridge 01/29/2020 07/31/2021 09/13/2020 6 Prime 3251 Prime Park Circle Kissimmee FL 34746 Lease-Up 340 West Kissimme 09/02/2019 05/31/2021 11/24/2020 7 West Vue 6003 Raleigh Street Orlando FL 32835 Lease-Up 442 Metro West 02/03/2020 05/31/2021 09/17/2020 8 Alta Longwood 881 West Warren Avenue Longwood FL 32750 Lease-Up 266 Lake Mary 11/12/2019 05/31/2021 09/15/2020 9 The Yard at Ivanhoe 1460 Alden Road Orlando FL 32803 Lease-Up 591 Orlando - North Orange 03/01/2018 05/31/2021 08/01/2019 10 The Oasis at West Melbourne 220 Belgian Drive West Melbourne FL 32904 Lease-Up 316 Melbourne 03/01/2019 04/30/2021 05/25/2020 11 Isla 1205 Jaslo Street SE Palm Bay FL 32909 Lease-Up 197 Palm Bay 11/21/2019 03/31/2021 12/01/2020 12 Minneola Hills 450 Hillside Park Street Minneola FL 34715 Lease-Up 297 Clermont 11/30/2019 03/31/2021 11/17/2020 13 Dolce Living Royal Palm 3250 Orleans Avenue Kissimmee FL 34747 Lease-Up 326 Celebration 02/01/2018 03/31/2021 06/08/2020 14 Sanctuary at CenterPointe 486 Centerpointe Circle Altamonte Springs FL 32701 Lease-Up 300 Altamonte Springs 09/09/2019 03/31/2021 06/01/2020 15 Dream Space Coast 2825 South Washington Avenue Titusville FL 32780 Lease-Up 186 Titusville 03/22/2018 03/31/2021 03/01/2019 16 Maingate Village 7300 West Irlo Bronson Memorial Hwy Kissimmee FL 34747 Lease-Up 357 Celebration 05/01/2020 02/28/2021 11/26/2020 17 The Westerly 14680 Westerly Drive Winter Garden FL 34787 Lease-Up 352 Orange Lake 11/04/2019 02/28/2021 09/16/2020 18 Lake House 295 NE Ivanhoe Blvd Orlando FL 32804 Lease-Up 252 Orlando - North Orange 04/01/2019 02/28/2021 07/22/2020 19 Oasis at Moss Park Preserve 10000 Davis Creek Circle Orlando FL 32832 Lease-Up 262 Orlando - Southeast 08/26/2019 02/28/2021 06/17/2020 20 The Lodge at Hamlin 6151 Lake Lodge Drive Winter Garden FL 34787 Lease-Up 250 Lake Buena Vista 11/30/2019 02/28/2021 06/16/2020 21 Sentosa Reunion 400 Hidden Palm Circle Kissimmee FL 34747 Lease-Up 288 Celebration 11/13/2019 02/28/2021 05/12/2020 22 Ascend Waterleigh 10091 Tuller Loop Winter Garden FL 34787 Lease-Up 354 Orange Lake 03/01/2019 02/28/2021 08/01/2019 23 Vale East 113 South Econlockhatchee Trail Orlando FL 32825 Lease-Up 176 Stoneybrook 09/02/2019 01/31/2021 10/10/2020 24 Calirosa 2920 Flora Ridge Circle Kissimmee FL 34741 Lease-Up 152 West Kissimme 11/01/2019 01/31/2021 08/17/2020 25 Allure on Parkway 1400 Encore Place Lake Mary FL 32746 Lease-Up 290 Woodruff Springs 03/03/2019 01/31/2021 07/01/2020 26 Highline 635 East New Haven Avenue Melbourne FL 32901 Lease-Up 171 Palm Bay 08/29/2018 01/31/2021 06/17/2020 27 Sonceto Dyer Blvd & West Osceola Pkwy Kissimmee FL 34741 Lease-Up 296 West Kissimme 11/01/2019 01/31/2021 06/10/2020 28 Legacy at Oakwood Landing 2705 Bosque Circle Melbourne FL 32940 Lease-Up 274 Melbourne 10/31/2019 01/31/2021 05/20/2020 29 The Julian West Amelia Street & North Terry Avenue Orlando FL 32801 Lease-Up 409 Orlando - Downtown 02/19/2019 01/31/2021 05/18/2020 30 Olea at Viera 8920 Trafford Drive Melbourne FL 32940 Lease-Up 166 Melbourne 04/01/2019 01/31/2021 04/30/2020 31 The Lexington at Winter Park Phase II 1701 Lee Road Winter Park FL 32789 Lease-Up 50 Winter Park - West 10/01/2019 01/31/2021 10/31/2019 32 WaterVue at Longwood 907 Tidewater Lane Longwood FL 32750 Lease-Up 130 Longwood 06/30/2018 01/31/2021 07/01/2019 33 The Addison at Universal Boulevard 9707 Mia Circle Orlando FL 32819 Lease-Up 344 Orlando - Florida Center 08/01/2017 01/31/2021 03/01/2019 Total Lease-Up 9,302

34 Society Orlando 434 North Orange Avenue Orlando FL 32801 Under Construction 217 Orlando - Downtown 08/25/2020 10/31/2022 35 Society Orlando Phase II 434 North Orange Avenue Orlando FL 32801 Under Construction 247 Orlando - Downtown 08/25/2020 10/31/2022 Source: Yardi Matrix Yardi Source: Orlando New Construction & Proposed Multifamily Projects

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

36 Deseo Grande 5250 International Drive Orlando FL 32819 Under Construction 365 Orlando - Florida Center 10/30/2020 04/30/2022 37 Republic Square Carrier Drive & Universal Blvd Orlando FL 32819 Under Construction 350 Orlando - Florida Center 09/01/2020 03/31/2022 38 North Poinciana Blvd & Sunrise Blvd North Poinciana Blvd & Sunrise Blvd Kissimmee FL 34746 Under Construction 296 West Kissimme 11/30/2020 03/31/2022 Integra Station at Space Coast 39 Interstate 95 & Space Coast Pkwy West Melbourne FL 32904 Under Construction 300 Palm Bay 12/01/2020 03/31/2022 Town Centre 40 Modera Creative Village 505 Chatham Avenue Orlando FL 32801 Under Construction 292 Orlando - Downtown 09/01/2020 12/31/2021 41 Orange & Robinson 336 North Orange Avenue Orlando FL 32801 Under Construction 368 Orlando - Downtown 04/23/2020 12/31/2021 42 The Addison Gateway 7200 North Frontage Road Orlando FL 32812 Under Construction 323 Orlando - Vista Park 03/01/2020 12/31/2021 43 Bainbridge Narcoossee Cove 12009 Narcoossee Road Orlando FL 32832 Under Construction 354 Orlando - Southeast 05/08/2020 12/31/2021 44 Calirosa Winter Park 3045 Aloma Avenue Winter Park FL 32792 Under Construction 178 Winter Park - East 12/09/2020 12/31/2021 45 The Avenue on Oakland 17210 Oakland Avenue Oakland FL 34760 Under Construction 342 Winter Garden 10/01/2020 12/31/2021 46 Alta East Shore 2423 Areca Palm Drive Apopka FL 32703 Under Construction 285 Apopka 06/01/2020 12/31/2021 47 Makara 3751 Staniel Cay Loop Orlando FL 32817 Under Construction 228 University Park 10/05/2020 12/31/2021 48 19 South 3050 Station Square Kissimmee FL 34744 Under Construction 384 East Kissimme 09/01/2020 12/31/2021 49 Jefferson Sand Lake 9200 Turkey Lake Road Orlando FL 32819 Under Construction 264 Lake Buena Vista 01/31/2020 11/30/2021 50 The Helix Primera Blvd & Rinehart Road Lake Mary FL 32746 Under Construction 300 Lake Mary 08/03/2020 09/30/2021 51 Rockledge Flats 220 Barton Blvd Rockledge FL 32955 Under Construction 247 Melbourne 06/15/2020 09/30/2021 52 Alta at Health Village 2680 North Orange Avenue Orlando FL 32804 Under Construction 285 Orlando - North Orange 06/22/2020 08/31/2021 53 The Addison Lake Bryan 12570 Splendid Place Orlando FL 32821 Under Construction 266 Lake Bryan 07/01/2020 08/31/2021 54 Broadstone Viridian 109 Bernini Way Sanford FL 32771 Under Construction 260 Woodruff Springs 01/31/2020 08/31/2021 55 Neo Square 1450 East Vine Street Kissimmee FL 34744 Under Construction 292 Fish Lake 03/20/2020 08/31/2021 56 Delamarre 660 Dumont Street Celebration FL 34747 Under Construction 379 Celebration 05/28/2020 08/31/2021 57 Cannery at the Packing District 2501 North Orange Blossom Trail Orlando FL 32804 Under Construction 307 Orlando - Pine Hills 01/05/2020 06/30/2021 58 Alexan Winter Park Phase II 1874 Harmon Avenue Winter Park FL 32789 Under Construction 222 Winter Park - West 08/21/2019 06/30/2021 59 Valencia Grove Phase II 551 Huffstetler Drive Eustis FL 32726 Under Construction 110 Mt. Dora 08/19/2020 06/30/2021 60 Radius 108 East Livingston Orlando FL 32801 Under Construction 389 Orlando - Downtown 04/15/2019 05/31/2021 61 Atwater Phase II 2570 Ann Rou Road Tavares FL 32778 Under Construction 208 Mt. Dora 05/18/2020 05/31/2021 62 Heritage Park at Crane Creek 2550 South Grant Street Melbourne FL 32901 Under Construction 108 Palm Bay 05/05/2020 05/31/2021 63 Mirage Residences 7726 Winegard Road Orlando FL 32809 Under Construction 60 Belle Isle 05/01/2019 04/30/2021 64 Park Central 2429 Americana Blvd Orlando FL 32839 Under Construction 215 Oak Ridge 02/23/2020 03/31/2021 65 Camden Lake Eola 520 East Church Street Orlando FL 32801 Under Construction 360 Orlando - Downtown 02/01/2019 02/28/2021 66 Sandlake Palazzo 800 Isaacville Drive Orlando FL 32809 Under Construction 120 Belle Isle 01/01/2019 01/31/2021 67 Serenity at Flamingo Crossings Avalon Road & Flamingo Crossings Blvd Orlando FL 32830 Under Construction 300 Orange Lake 06/14/2018 01/31/2021 68 The Orchard at Cagan Crossings 1100 US Highway 27 Clermont FL 34714 Under Construction 152 Hancock Lake 07/01/2019 01/31/2021 Total Under Construction 9,373

69 319 N. Magnolia Ave 319 North Magnolia Avenue Orlando FL 32801 Planned 238 Orlando - Downtown 70 500 North Orange Avenue 500 North Orange Avenue Orlando FL 32801 Planned 398 Orlando - Downtown Source: Yardi Matrix Yardi Source: Orlando New Construction & Proposed Multifamily Projects

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

71 Altis Lake Willis 10055 Almondwood Circle Orlando FL 32821 Planned 567 Orlando - Downtown 72 Monarch 322 East Jackson Street Orlando FL 32801 Planned 400 Orlando - Downtown North Hughey Avenue & 73 Orlando Magic Complex Orlando FL 32801 Planned 310 Orlando - Downtown West Livingston Street West Livingston Street & 74 Zoi House Orlando FL 32801 Planned 300 Orlando - Downtown North Orange Avenue 75 Baldwin House 4787 New Broad Street Orlando FL 32814 Planned 122 Orlando - Colonial Town 76 Colonial Drive 6575 East Colonial Drive Orlando FL 32807 Planned 270 Orlando - Colonial Town 77 Orlando Fashion Square East Colonial Drive & Maguire Blvd Orlando FL 32803 Planned 100 Orlando - Colonial Town SEC North John Young Pkwy & 78 Packing District Townhomes Orlando FL 32804 Planned 130 Orlando - Pine Hills Princeton Street 79 Merak 5001 Cinderlane Pkwy Orlando FL 32808 Planned 52 Orlando - Rosemont 80 Silver Hills at Universal 5885 Lakehurst Drive Orlando FL 32819 Planned 540 Orlando - Florida Center 81 Waterside Destination Pkwy & Universal Blvd Orlando FL 32819 Planned 408 Orlando - Florida Center 82 Twelve Oaks 5000 Hoffner Avenue Orlando FL 32812 Planned 348 Orlando - Vista Park 83 Futura at Nona Cove 19463 Boggy Creek Road Orlando FL 32832 Planned 260 Orlando - Southeast 84 Weller Boulevard Multi Residential 12345 Narcoossee Road Orlando FL 32832 Planned 300 Orlando - Southeast 85 Gardens on Millenia 3692 Cathy Street Orlando FL 32839 Planned 350 Oak Ridge West Oak Ridge Road & 86 Millenia Park Belle Isle FL 32809 Planned 960 Oak Ridge South John Young Pkwy 87 Millenium MetroWest South Hiawassee Road & Lake Debra Drive Orlando FL 32835 Planned 320 Metro West 88 Polo Glen at Lake Betty 2695 South Orange Blossom Trail Apopka FL 32703 Planned 336 Lockhart 89 Gem Lake Redevelopment 201 Monroe Avenue Maitland FL 32751 Planned 431 Maitland 90 Balsam & Dogwood Balsam Drive & Dogwood Drive Azalea Park FL 32807 Planned 86 Union Park 91 2630 Amazonas Circle 2630 Amazonas Circle Orlando FL 32837 Planned 386 Hunter's Creek 92 Alta Headwaters Phase II 4000 Headwaters Way Orlando FL 32837 Planned 100 Hunter's Creek 93 Boggy Creek Crossing 5757 Simpson Road Orlando FL 32824 Planned 306 Hunter's Creek 94 Wetherbee Road 4402 East Wetherbee Road Orlando FL 32824 Planned 950 Hunter's Creek Lake Sawyer Drive & Winter Garden 95 Addison at Cypress Sound Windermere FL 34786 Planned 216 Lake Buena Vista Vineland Road 96 Ruby Lake Road 11907 Ruby Lake Road Orlando FL 32836 Planned 400 Lake Buena Vista 97 Turkey Lake Road 10900 Turkey Lake Road Orlando FL 32819 Planned 376 Lake Buena Vista 98 The Village at O - Town West Daryl Carter Pkwy & Palm Pkwy Orlando FL 32836 Planned 850 Lake Buena Vista 99 Avalon Pointe Avalon Road & Grove Blossom Way Winter Garden FL 34787 Planned 300 Orange Lake 100 Avalon Road & Old YMCA Road Avalon Road & Old YMCA Road Winter Garden FL 34787 Planned 350 Orange Lake 101 Chapel Crossing 8464 Winter Garden Vineland Road Orlando FL 32836 Planned 62 Orange Lake 102 Hartzog & Avalon 14405 Hartzog Road Winter Garden FL 34787 Planned 202 Orange Lake 103 The Registry on Grass Lake 14544 Avalon Road Winter Garden FL 34787 Planned 360 Orange Lake 104 Waterstar 7991 West Irlo Bronson Memorial Hwy Kissimmee FL 34747 Planned 320 Orange Lake Source: Yardi Matrix Yardi Source: Orlando New Construction & Proposed Multifamily Projects

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

Clarcona Ocoee Road & 105 Ocoee Village Center Ocoee FL 32703 Planned 320 Ocoee North Lakewood Avenue 106 Arya Independent Living 868 Roberson Road Ocoee FL 34761 Planned 148 Winter Garden 107 Colonial Drive West Colonial Drive & Orange Avenue Oakland FL 34787 Planned 242 Winter Garden 108 Orange Lake Country Club 273 Avalon Road Winter Garden FL 34787 Planned 472 Winter Garden West Crown Point Road & 109 Alta Winter Garden Winter Garden FL 34787 Planned 250 Apopka East Plant Street 110 Apopka City Center State Route 436 & US Route North 441 Apopka FL 32704 Planned 250 Apopka 111 Ascend Oak Pointe 2901 Ocoee Apopka Road Apopka FL 32703 Planned 240 Apopka 112 Marden Ridge Phase II 1595 Marden Ridge Loop Apopka FL 32703 Planned 228 Apopka 113 Monarchs at Lake Pleasant 1711 Apopka Blvd Apopka FL 32703 Planned 126 Apopka 114 Alta Cypress 301 Dog Track Road Longwood FL 32750 Planned 342 Altamonte Springs 115 Oxford Place 6405 South US Hwy 17 - 92 Fern Park FL 32730 Planned 246 Altamonte Springs 116 Oxford Place Phase II & III Fernwood Blvd & Oxford Road Fern Park FL 32730 Planned 534 Altamonte Springs 117 Oviedo Mall Redevelopment 1700 Oviedo Mall Blvd Oviedo FL 32765 Planned 425 Red Bug Lake 118 John L. Mica Way & Palmetto Avenue John L. Mica Way & Palmetto Avenue Longwood FL 32750 Planned 52 Longwood 119 Kiwi at Fern Lake 707 East Street Longwood FL 32750 Planned 75 Longwood 120 Avila 3200 West State Road 426 Oviedo FL 32765 Planned 269 Oviedo 121 3210 Rouse Rd 3210 Rouse Road Orlando FL 32817 Planned 130 University Park 122 The Paseo at Collegiate Village 4000 Central Florida Blvd Orlando FL 32816 Planned 350 University Park East Colonial Drive & North 123 Greeneway Park Florida FL 32825 Planned 192 Stoneybrook Econlockhatchee Trail 124 Innovation Pointe South Alafaya Trail & Innovation Way Orlando FL 32828 Planned 350 Stoneybrook 125 Heritage Park West Seminole Blvd & Walnut Crest Run Sanford FL 32771 Planned 235 Sanford Hester Avenue & 126 Hester Avenue Florida FL 32773 Planned 120 Sanford North Ronald Reagan Blvd 127 Sanford Sunrail Station 2901 West 1st Street Sanford FL 32771 Planned 316 Sanford 128 The View @ Lake Monroe 2485 US Highway 17 Sanford FL 32771 Planned 300 Sanford 129 Lantower Tower North Poinciana Blvd & Sunrise Blvd Kissimmee FL 34746 Planned 321 West Kissimme West Osceola Pkwy & 130 Loop South Kissimmee FL 34741 Planned 400 West Kissimme North Thacker Avenue 131 Snow White Village Club Cortile Circle & Seven Dwarfs Lane Kissimmee FL 34746 Planned 288 West Kissimme 132 Sunrise City Drive I & II West Osceola Pkwy & Sunrise Blvd Kissimmee FL 34746 Planned 465 West Kissimme 133 Mosaic @ Lake Toho Lakeshore Blvd & Ruby Avenue Kissimmee FL 34741 Planned 288 East Kissimme 134 Weston 4 Hundred Lawrence Silas Blvd & Neptune Road Kissimmee FL 34744 Planned 203 East Kissimme 135 Center Lake Ranch South Narcoossee Road & Rummell Road St. Cloud FL 34771 Planned 800 Fish Lake 136 NeoCity 200 NeoCity Way Kissimmee FL 34744 Planned 100 Fish Lake 137 Fortune Star 7650 West Irlo Bronson Memorial Hwy Kissimmee FL 34747 Planned 550 Celebration 138 Ham Brown Reserve Ham Brown Road & Reaves Road Kissimmee FL 34746 Planned 298 Celebration Source: Yardi Matrix Yardi Source: Orlando New Construction & Proposed Multifamily Projects

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

139 Horizon at Sand Point 300 North Washington Avenue Titusville FL 32796 Planned 384 Titusville 140 Cocoa Grand West King Street & South Range Road Cocoa FL 32926 Planned 268 Melbourne 141 Heritage Lakes of West Melbourne Ellis Road & West Drive Melbourne FL 32904 Planned 275 Melbourne Integra Station at Space Coast Town 142 Interstate 95 & Space Coast Pkwy West Melbourne FL 32904 Planned 800 Palm Bay Centre Phase II 143 Parasol Melbourne 4881 Dairy Road Melbourne FL 32904 Planned 159 Palm Bay 144 West Shore 2329 Commerce Park Drive NE Palm Bay FL 32905 Planned 248 Palm Bay 145 Hancock Hancock Road & State Road 50 Clermont FL 34711 Planned 306 Clermont 146 Neo at Four Corners South Grassy Lake Road & US Highway 27 Clermont FL 34715 Planned 350 Clermont 147 Olympus North Bradshaw Road & Schofield Road Clermont FL 34713 Planned 600 Hancock Lake 148 Indian Springs Britt Road & Wolf Branch Road Mount Dora FL 32757 Planned 100 Mt. Dora 149 Venetian Isles East Dixie Avenue & South Lake Street Leesburg FL 34748 Planned 100 Leesburg 150 DXV Central 515 West Central Blvd Orlando FL 32801 Planned 189 Orlando - Downtown 151 Alafaya Trail & Beasley Road Alafaya Trail & Beasley Road Oviedo FL 32765 Planned 92 Oviedo Total Planned 26,200

152 200 South Orange 200 South Orange Avenue Orlando FL 32801 Prospective 143 Orlando - Downtown 153 401 South Rosalind Avenue 401 South Rosalind Avenue Orlando FL 32801 Prospective 236 Orlando - Downtown 154 City Centre 205 East Central Blvd Orlando FL 32801 Prospective 215 Orlando - Downtown West Church Street & 155 The Green District Orlando FL 32805 Prospective 464 Orlando - Downtown South Division Avenue 156 MOSAIC 845 North Magnolia Avenue Orlando FL 32803 Prospective 200 Orlando - Downtown 157 Novel Lucerne Phase II 733 Main Lane Orlando FL 32801 Prospective 300 Orlando - Downtown 158 Orlando Central 110 West Jefferson Street Orlando FL 32801 Prospective 450 Orlando - Downtown 159 Tribune 501 North Orange Avenue Orlando FL 32801 Prospective 318 Orlando - Downtown 160 Tribune II 501 North Orange Avenue Orlando FL 32801 Prospective 428 Orlando - Downtown 161 Vive on Eola 205 South Eola Drive Orlando FL 32801 Prospective 120 Orlando - Downtown 162 Westmoreland Square 1006 West Colonial Drive Orlando FL 32804 Prospective 79 Orlando - Downtown 163 Orange Avenue U.S. 17 - 92 & Orange Avenue Winter Park FL 32789 Prospective 100 Orlando - North Orange 164 Alexan at Mills 50 1601 East Colonial Drive Orlando FL 32803 Prospective 246 Orlando - Colonial Town 165 Urbon Apartments Homes Phase II 825 McCullough Avenue Orlando FL 32803 Prospective 493 Orlando - Colonial Town 166 Bumby Avenue Curry Ford Road & South Bumby Avenue Orlando FL 32806 Prospective 250 Orlando - Azalea Park 167 Lake Copeland 1221 South Orange Avenue Orlando FL 32806 Prospective 118 Orlando - Edgewood 168 Southern Oaks Highway Place & South Orange Avenue Orlando FL 32806 Prospective 208 Orlando - Edgewood 169 Parkwood Lofts 3255 West Colonial Drive Orlando FL 32808 Prospective 120 Orlando - Pine Hills 170 Waterview Preserve 1605 Mercy Drive Orlando FL 32808 Prospective 132 Orlando - Pine Hills 171 Lake Orlando 4224 Clubhouse Road Orlando FL 32808 Prospective 100 Orlando - Rosemont 172 Whispering Oaks Anoka Drive & North Hiawassee Road Orlando FL 32818 Prospective 142 Orlando - Rosemont Source: Yardi Matrix Yardi Source: Orlando New Construction & Proposed Multifamily Projects

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

173 6603 International Drive 6603 International Drive Orlando FL 32819 Prospective 350 Orlando - Florida Center 174 Bainbridge at Sand Lake 7575 Universal Blvd Orlando FL 32819 Prospective 330 Orlando - Florida Center 175 Grand Cypress Resort Conrad Hilton 6001 Destination Pkwy Orlando FL 32819 Prospective 1,500 Orlando - Florida Center 176 International Drive & Wildwood Avenue International Drive & Wildwood Avenue Orlando FL 32819 Prospective 350 Orlando - Florida Center 177 LIV Grand National International Drive & West Oak Ridge Road Orlando FL 32819 Prospective 349 Orlando - Florida Center 178 Silver Hills at Universal Phase II 5885 Lakehurst Drive Orlando FL 32819 Prospective 170 Orlando - Florida Center 179 7567 Narcoossee Road 7567 Narcoossee Road Orlando FL 32822 Prospective 324 Orlando - Vista Park 180 BellaNova at JubiLee Park Phase II 6708 Hazeltine National Drive Orlando FL 32822 Prospective 392 Orlando - Vista Park 181 Oasis at Lake Conway 7022 South Conway Road Orlando FL 32812 Prospective 216 Orlando - Vista Park 182 11751 Narcoossee Road 11751 Narcoossee Road Orlando FL 32832 Prospective 100 Orlando - Southeast 183 7042 Lake Nona Blvd 7042 Lake Nona Blvd Orlando FL 32827 Prospective 450 Orlando - Southeast 184 Creekside Boggy Creek Road & J. Lawson Blvd Orlando FL 32824 Prospective 110 Orlando - Southeast Central Florida Greeneway & 185 East Park Village Center Orlando FL 32832 Prospective 264 Orlando - Southeast Moss Park Road 186 Education Village Narcoossee Road & Tyson Road Orlando FL 32832 Prospective 400 Orlando - Southeast 187 Novel Nona Place Narcoossee Road & Whippoorwill Court Orlando FL 32832 Prospective 260 Orlando - Southeast 188 Poitras Narcoossee Road & Whipporwill Court Orlando FL 32832 Prospective 306 Orlando - Southeast Martin Andersen Beachline Expy & 189 Vista Park Torrey Preserve Orlando FL 32827 Prospective 1,000 Orlando - Southeast Narcoossee Road 190 Madison Landing Phase II 5800 Rio Grande Avenue Orlando FL 32809 Prospective 86 Oak Ridge 191 Summer Grove Americana Blvd & Rio Grand Avenue Orlando FL 32839 Prospective 120 Oak Ridge 192 Hudson 496 South Kirkman Road Orlando FL 32811 Prospective 320 Metro West 193 Affinity at Lake Weston 2454 West Kennedy Blvd Orlando FL 32810 Prospective 437 Lockhart 194 The Tiffany at Maitland West Phase II 9301 Summit Centre Way Maitland FL 32810 Prospective 285 Lockhart 195 Cedar Cove 300 Orlando Avenue Winter Park FL 32789 Prospective 84 Winter Park - West 196 Monroe Avenue Gem Lake Drive & Monroe Avenue Maitland FL 32751 Prospective 431 Winter Park - West 197 Winter Park Village 510 Orlando Avenue Winter Park FL 32789 Prospective 100 Winter Park - West Central Florida GreeneWay & East 198 Colonial Greens Orlando FL 32817 Prospective 371 Goldenrod Colonial Drive 199 The Avery Phase II 8751 Valencia College Lane Orlando FL 32825 Prospective 440 Union Park 200 The Avery 8751 Valencia College Lane Orlando FL 32825 Prospective 200 Union Park 201 6540 Lake Underhill Road 6540 Lake Underhill Road Orlando FL 32807 Prospective 270 Edgewood Park 202 14314 Boggy Creek Road 14314 Boggy Creek Road Orlando FL 32824 Prospective 986 Hunter's Creek 203 Bainbridge Nona North Airport Park Drive & Wetherbee Road Orlando FL 32824 Prospective 252 Hunter's Creek Rhode Island Woods Circle & 204 Meadow Woods Orlando FL 32824 Prospective 68 Hunter's Creek Texas Woods Circle Meadow Woods TOD Midtown Village 205 Landstar Blvd & East Wetherbee Road Meadow Woods FL 32824 Prospective 730 Hunter's Creek & Meadow Woods Town Center 206 Meadow Woods TOD South Village Landstar Blvd & East Wetherbee Road Meadow Woods FL 32824 Prospective 626 Hunter's Creek Source: Yardi Matrix Yardi Source: Orlando New Construction & Proposed Multifamily Projects

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

207 Meadow Woods TOD Wellness Village Landstar Blvd & East Wetherbee Road Meadow Woods FL 32824 Prospective 144 Hunter's Creek 208 Tyson Ranch Boggy Creek Road & Simpson Road Orlando FL 32824 Prospective 320 Hunter's Creek 209 Benson Westwood Blvd & Wildwood Avenue Orlando FL 32821 Prospective 600 Lake Bryan 210 Daryl Carter Pkwy & International Drive Daryl Carter Pkwy & International Drive Orlando FL 32821 Prospective 481 Lake Bryan 211 Grande Pines 12001 Ave Verde Orlando FL 32821 Prospective 423 Lake Bryan 212 Interstate 4 Plaza Olde Florida Blvd & Westwood Blvd Orlando FL 32821 Prospective 360 Lake Bryan 213 Rita Westwood International Drive & Vistana Resort Trail Orlando FL 32821 Prospective 350 Lake Bryan 214 5504 Winter Garden Vineland Road 5504 Winter Garden Vineland Road Windermere FL 34786 Prospective 376 Lake Buena Vista 215 5767 Major Blvd 5767 Major Blvd Orlando FL 32819 Prospective 396 Lake Buena Vista 216 Conroy Townhomes 8284 Conroy Blvd Orlando FL 32835 Prospective 52 Lake Buena Vista 217 Hamlin West 6301 Avalon Road Winter Garden FL 34787 Prospective 496 Lake Buena Vista 218 Silverleaf 17511 Lake Ingram Road Winter Garden FL 34787 Prospective 2,300 Lake Buena Vista 219 Ascend Waterleigh Phase II 10091 Tuller Loop Winter Garden FL 34787 Prospective 383 Orange Lake 220 Avalon Road and Lake Star Road Avalon Road and Lake Star Road Horizon West FL 34787 Prospective 380 Orange Lake 221 Horizon West 10958 Avalon Road Winter Garden FL 34787 Prospective 284 Orange Lake 222 Serenade at Ovation Avalon Road & Flemmings Road Winter Garden FL 34787 Prospective 269 Orange Lake 223 Withers PD Avalon Road & Hartzog Road Four Corners FL 34787 Prospective 798 Orange Lake 224 Fifty West SWC West Colonial Drive & Maguire Road Ocoee FL 34761 Prospective 275 Ocoee 225 Lakeland Plaza 535 Timbercreek Drive North Winter Garden FL 34787 Prospective 70 Winter Garden 226 Floridian Town Center 1324 Plymouth Sorrento Road Apopka FL 32712 Prospective 600 Apopka 227 Hidden Lake Reserve 501 Old Dixie Hwy Apopka FL 32712 Prospective 92 Apopka 228 Lake Apopka South Binion Road & Ocoee Apopka Road Apopka FL 32703 Prospective 120 Apopka 229 Peterson Road Development 2610 Peterson Road Apopka FL 32703 Prospective 146 Apopka 230 Residences at Emerson Park 1112 Alston Bay Blvd Apopka FL 32703 Prospective 106 Apopka 231 South Mews at Avian Pointe 2771 Lust Road Apopka FL 32703 Prospective 702 Apopka Cranes Roost Boulevard & 232 Cranes Roost Blvd & Shorecrest Drive Altamonte Springs FL 32701 Prospective 330 Altamonte Springs Shorecrest Drive 233 Merritt Street Merritt Street & South Ronald Reagan Blvd Altamonte Springs FL 32701 Prospective 120 Altamonte Springs General Hutchison Pkwy & General Hutchison Pkwy & 234 Longwood FL 32750 Prospective 50 Longwood Timocuan Way Timocuan Way 235 264 East Mitchell Hammock Road 264 East Mitchell Hammock Road Oviedo FL 32765 Prospective 297 Oviedo 236 Seminole Avenue Princess Palm Place & Seminole Avenue Oviedo FL 32765 Prospective 50 Oviedo 237 Villas at Academy Place Academy Avenue & Academy Place Oviedo FL 32765 Prospective 60 Oviedo 238 12175 Science Drive 12175 Science Drive Orlando FL 32826 Prospective 191 University Park 239 12727 East Colonial Drive 12727 East Colonial Drive Orlando FL 32826 Prospective 170 University Park 240 2649 Stanmore Court 2649 Stanmore Court Orlando FL 32817 Prospective 350 University Park 241 Cottages at Alafaya 12151 East Colonial Drive Orlando FL 32826 Prospective 151 University Park 242 Quadrangle PD 4780 Data Court Orlando FL 32817 Prospective 100 University Park Source: Yardi Matrix Yardi Source: Orlando New Construction & Proposed Multifamily Projects

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

243 Fieldstream Village 10601 Lake Underhill Road Orlando FL 32825 Prospective 1,500 Stoneybrook 244 The Gardens at 707 Woodbury 707 Woodbury Road Orlando FL 32828 Prospective 63 Stoneybrook 245 The Reserve at Avalon South Alafaya Trail & Innovation Way Orlando FL 32828 Prospective 1,750 Stoneybrook 246 Waterford Lakes FL - 50 & Woodbury Road Orlando FL 32826 Prospective 265 Stoneybrook 247 First Street Station 200 West 1st Street Sanford FL 32771 Prospective 292 Sanford 248 Monroe Place 2306 West 1st Street Sanford FL 32771 Prospective 102 Sanford 249 Parkside Place West 24th Street & South Holly Avenue Sanford FL 32771 Prospective 100 Sanford 250 The Preserve 1010 West Lake Mary Blvd Sanford FL 32773 Prospective 240 Sanford 251 Reagan Center 4311 South Orlando Drive Sanford FL 32773 Prospective 827 Sanford 252 Vintage North H E Thomas Jr. Pkwy & Rinehart Road Sanford FL 32771 Prospective 310 Sanford 253 Novel Parkway International Pkwy & Wilson Road Sanford FL 32771 Prospective 325 Woodruff Springs 254 The Grow Lake Pickett Road & South Tanner Road Orlando FL 32820 Prospective 2,078 Eastern Orange County 255 River Cross Land Chuluota Road & East Colonial Drive Orlando FL 32820 Prospective 500 Eastern Orange County 256 Sunbridge Dallas Blvd & State Route 528 Orlando FL 32832 Prospective 100 Eastern Orange County 257 2420 Old Vineland Road 2420 Old Vineland Road Kissimmee FL 34746 Prospective 225 West Kissimme 258 Cypress Cay Nirvana Pkwy & Princess Way Kissimmee FL 34746 Prospective 286 West Kissimme 259 Epoch Flora Ridge Phase III Dyer Blvd & West Osceola Pkwy Kissimmee FL 34741 Prospective 292 West Kissimme 260 The Teale I 4978 West Irlo Bronson Memorial Hwy Kissimmee FL 34746 Prospective 200 West Kissimme 261 West Carroll Street & Dyer Blvd West Carroll Street & Dyer Blvd Kissimmee FL 34741 Prospective 250 West Kissimme NWC South Orange Avenue & 262 Brownie Wise Kissimmee FL 34744 Prospective 1,700 East Kissimme East Osceola Pkwy 263 Landmark in Kissimmee 1201 East Oak Street Kissimmee FL 34744 Prospective 247 East Kissimme 264 Neo at Kissimmee Lehigh Street & Michigan Avenue Kissimmee FL 34744 Prospective 368 East Kissimme Orange Blossom Trail & North Orange Blossom Trail & 265 Kissimmee FL 34744 Prospective 420 East Kissimme Woodland Creek Blvd Woodland Creek Blvd 266 Osceola Village Center Hacienda Circle & South John Young Pkwy Kissimmee FL 34741 Prospective 500 East Kissimme 267 Saxon Rose M.L.K. Jr. Blvd & North Rose Avenue Kissimmee FL 34741 Prospective 346 East Kissimme South John Young Pkwy & 268 White Dove Court Kissimmee FL 34741 Prospective 88 East Kissimme West Palmetto Avenue 269 1050 Narcoossee Road 1050 North Narcoossee Road St. Cloud FL 34771 Prospective 122 Fish Lake 270 Aero Vue Crossings Aeronautical Drive & US Route 192 Kissimmee FL 34744 Prospective 95 Fish Lake 271 Cross Prairie Parkway Cross Prairie Pkwy & Neptune Road Kissimmee FL 34744 Prospective 330 Fish Lake 272 Fortune Road Fortune Road & Simpson Road Kissimmee FL 34744 Prospective 200 Fish Lake 273 Isla Townhomes Briarwood Drive & Buenaventura Blvd Buena Ventura Lakes FL 34743 Prospective 64 Fish Lake 274 Narcoossee and Jack Brack Jack Brack Road & North Narcoossee Road St. Cloud FL 34771 Prospective 250 Fish Lake 275 Cortland ChampionsGate South Goodman Road & Masters Blvd Four Corners FL 33896 Prospective 353 Celebration Daniel Webster Western Beltway & Daniel Webster Western Beltway & 276 Kissimmee FL 34747 Prospective 348 Celebration Sinclair Road Sinclair Road 277 Golden Lagoon State Road 429 & US Hwy 192 Kissimmee FL 34747 Prospective 100 Celebration Source: Yardi Matrix Yardi Source: Orlando New Construction & Proposed Multifamily Projects

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

278 Ham Brown Reserve Phase II Ham Brown Road & Reaves Road Kissimmee FL 34746 Prospective 237 Celebration 279 Hawthorn Suites Redevelopment 2950 Reedy Creek Blvd Kissimmee FL 34747 Prospective 103 Celebration 280 Island Village Celebration Blvd & Interstate 4 Celebration FL 34747 Prospective 300 Celebration 281 Magic Place 5500 West Irlo Bronson Memorial Hwy Kissimmee FL 34746 Prospective 251 Celebration North Old Lake Wilson Road & North Old Lake Wilson Road & 282 Champions Gate FL 33896 Prospective 400 Celebration Western Beltway Western Beltway Mystic Dunes Lane & 283 Old Lake Wilson Road Kissimmee FL 34747 Prospective 344 Celebration North Old Lake Wilson Road South Doverplum Avenue & Towne 284 Peregrine Court Poinciana FL 34759 Prospective 100 Celebration Center Drive 285 Rolling Oaks Domain Circle & Fins Up Circle Kissimmee FL 34747 Prospective 564 Celebration North Old Lake Wilson Road & 286 Sinclair Kissimmee FL 34747 Prospective 385 Celebration Sinclair Road 287 The Teale II 4970 Kyngs Heath Road Kissimmee FL 34746 Prospective 100 Celebration 288 The Edgewater Boggy Creek Road & Fish Camp Road Kissimmee FL 34744 Prospective 5,000 St. Cloud 289 Meadowlark Court E 13th St & Orange Avenue St. Cloud FL 34769 Prospective 88 St. Cloud 290 Stevens Plantation Innovation Drive & Progress Lane St. Cloud FL 34772 Prospective 100 St. Cloud 291 Franklin Villas Cyrils Drive & Franklin Road Saint Cloud FL 34771 Prospective 72 Outlying Osceola County 292 Riverwalk Grand Riveredge Drive & US Route 1 Titusville FL 32780 Prospective 210 Titusville 293 Borrows West Interstate 95 & Viera Blvd Melbourne FL 32940 Prospective 350 Melbourne 294 Orchid Lake Cocoa Lakes Drive & Michigan Avenue Cocoa FL 32922 Prospective 96 Melbourne 295 The Atrium Dairy Road & Palm Bay Road NE Melbourne FL 32905 Prospective 149 Palm Bay 296 Cricket Drive 825 Cricket Drive NE Palm Bay FL 32907 Prospective 264 Palm Bay 297 Hancock Commons Hancock Road & Hooks Street Clermont FL 34711 Prospective 281 Clermont 298 Hills at Minneola Phase II 100 Hillside Park Street Minneola FL 34715 Prospective 330 Clermont 299 The Vue at Clermont Giovani Blvd & Old Hwy 50 West Clermont FL 34711 Prospective 100 Clermont South Hartwood Marsh Road & 300 Wellness Way PUD Clermont FL 34711 Prospective 100 Clermont US Route 27 301 Eudora Groves at Spring Harbor Eudora Road & Northland Road Mount Dora FL 32757 Prospective 154 Mt. Dora 302 Reserve at Spring Lake Cove Spring Lake Road & State Route 27 Fruitland Park FL 34731 Prospective 127 Leesburg 303 Silver Lake Villas Griffin Road & Shady Acres Road Leesburg FL 34788 Prospective 256 Leesburg 304 Spring Lake Road 2307 Spring Lake Road Fruitland Park FL 34731 Prospective 110 Leesburg 305 Mariposa Groves 416 Mariposa Street Orlando FL 32801 Prospective 153 Orlando - Downtown South Dollins Avenue & Orlando - Holden 306 Orange Center Blvd Orlando FL 32805 Prospective 58 Orange Center Blvd Heights Total Prospective 55,949

TOTAL ORLANDO 100,824 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