Northern Virginia New Construction & Proposed Multifamily Projects 4Q18

101 Potomac Yard Landbay D 342 ID PROPERTY UNITS 102 South Henry Street & King Street 52 1 Arcadia Run Phase III 304 103 Arden, The 126 2 Abberly Avera 336 104 880 South Pickett Street 350 3 Messenger Place 94 105 Picket Place 2400 4 Dominion Arlington Heights 188 106 2000 North Beauregard 300 27 178 5 Altaire, The 451 107 Beauregard Town Center 573 6 Modera Mosaic Phase II 222 108 2636 Wilson Blvd 135 118 Total Lease-Up 1,595 109 1200 North Hudson 580 169 71 7 4000 Fairfax Drive 330 110 1400 Key Blvd 274 180 68 8 730 - 750 North Glebe 483 69 111 Clarendon West 247 26 9 Centro Arlington 366 112 Clarendon West Phase II 337 173 126189 117 10 Gables Pointe 14 368 113 Kirkwood Road 254 80 67 171 188 11 Sur, The 360 114 Rosslyn Building - East Redevelopment 407 17 175 121 119 124 12 200 Stovall St. 520 115 Rosslyn Plaza 300 79 134 120 176 70 128 13 Preserve at Westfields 312 116 Rosslyn Plaza Phase II 250 170 22 55 77 14 Scout on the Circle 400 117 1500 Westbranch 400 127 52 125 15 Cameron Park 302 118 6862 Elm Street 240 28 122 16 Trinity Centre 355 119 Arbor Row Block A1 268 54 53 17 BLVD Loudoun Station Phase II, The 319 120 Arbor Row Block A2 426 123 18 Allure at Jefferson, The 338 121 Boro Phase II, The 1550 23 19 Keswick Gardens 240 122 Highland District Buildings C-F 1210 132 20 Pentagon Center Building A 440 123 J. R.'s Stockyards Redevelopment 264 21 Cityside Huntington Metro Phase II 145 124 Scotts Run North 464 66 22 Boro, The 835 125 Tysons Galleria Redevelopment 100 23 Stone Springs 128 126 View at Tysons, The 786 172 131 24 Gateway at King, The 352 127 Westpark Plaza 550 135 133 25 Liberty Center 244 193 139 128 Westpark Plaza Phase II 760 13 190 60 59 26 Heights at Goose Creek Village, The 230 129 Merrill House Redevelopment 50 137 27 Village at Leesburg, The 168 130 Washington & Broad 304 136 14 6 28 Lumen at Tysons 398 131 Exxon Mobil Site Redevelopment 100 58 138 29 Origin, The 406 132 International Place 385 16 30 Gables Old Town North 232 Merrifield at 31 Cherry Hill 93 133 Dunn Loring Station Phase II 2331 72 191 Total Under Construction 8,364 134 Perseus at Spring Hill Metro 341 32 Century Center at Crystal City 302 135 Wolf Trap Hotel Redevelopment 160 179 33 National Gateway 342 136 Breezeway 74 61 34 Metropolitan Park Phase 6 577 137 Capstone Collegiate 268 1 35 Pentagon Center Building C 253 138 Layton Hall Redevelopment 360 36 2400 Columbia Pike 105 139 Paul VI High School Redevelopment 242 2 37 North Royal Street 90 140 City Center South Phase I & II 412 3 38 Carlyle Plaza Two 368 141 Markham Place 310 39 Eisenhower Block 20 404 142 Liberty View 300 40 Hoffman Town Center 400 143 Springfield Town Center 2500 41 Hoffman Town Center Block 5 260 144 Potomac Town Center 500 42 Kings Crossing 340 145 Rippon Center 550 43 Huntington Crossing 364 146 Rippon Center Phase II 230 44 Riverside Phase II 767 147 Potomac Shores 200 45 South Alex 400 148 Frying Pan Road & State Route 28 100 46 Eisenhower West 414 149 Aurora Station at Dulles 1031 177 47 Residences at Landmark 386 150 Dulles Station 500 48 Ellis Arms, The 64 195 151 Liberty Park 1701 174 165 163 49 1555 Wilson Blvd East 561 152 Makers Rise at Dulles Station 866 161 144 50 1555 Wilson Blvd West 331 153 Reston Crescent 380 168 164 51 Rosslyn Gateway 273 154 Reston II 145 145 52 Greensboro Park Place 480 146 155 11111 Sunset Hills Road 175 62 152 53 Highland District Building A 410 156 1831 Wiehle Avenue 504 151 65 167 162 156 54 Highland District Building B 210 157 Campus Commons Drive 100 166 55 Taylor Plaza at Scotts Run Station South 349 158 Commerce Executive Park 200 150 194 83 63 115 56 11th & Vermont 59 148 160 147 51 50 159 Commerce Executive Park Phase II 300 154153 64 57 Founder's Row 322 160 RTC West Phase II 700 149 82 158 31 113 49 110 116 58 Davies Property 258 161 Elden Street Plaza 281 155 81 59 Fairfax Plaza Shopping Center 626 162 Isaac Newton Square Redevelopment 2100 159 157 78 109112 48 114 60 Four Seasons at Mosaic 127 163 Lake Anne Plaza Phase II 50 57 56 108 10 61 Orchard Bridge Phase II 404 164 Lake Anne Plaza Phase III 440 130 25 7 111 62 Innovation Center South 600 165 Lake Anne Redevelopment 240 140 8 63 1808 Michael Faraday 261 166 Reston Crossing 1190 129 29 64 1831 Michael Faraday 243 167 Reston Gateway 1520 92 65 RTC West 702 Spectrum at 187 90 91 66 Avonlea 725 168 Reston Town Center Redevelopment 1422 4 67 Gramercy District Phase 1A 350 20 5 169 Ashburn Chase 201 36 93 87 35 68 Jameson, The 333 170 BLVD Loudoun Station Phase III, The 123 34 86 69 Kincora Village 1037 171 Cascades Pkwy & Potomac View Road 50 9 88 84 70 Loudoun Metro 4128 172 Fox Gate 110 95 33 32 71 One Loudoun 446 173 Gramercy District Phase 1B 332 85 72 John Marshall Commons 144 174 Hub, The 1265 181 11 89 73 Alexander's Crossing 888 175 Loudoun Center 774 94 24 74 Jackson Village 695 176 Loudoun Parkway Center South 560 185 76 75 Southpoint Landing 550 177 Waterside 2595 106 97 76 North Potomac Yard 732 178 Goose Creek Club 125 141 77 Anderson Park Phase II 2571 179 Grove at Gainesville, The 560 107 96 101 78 Ballston Station - Ballston Central 119 180 Village Center at Belmont Greene 235 United Methodist Church 181 George Washington Village 1050 98 79 Sunburst at Spring Hill Metro 501 182 Allure at Jefferson Phase II, The 112 37 80 Tysons West 389 183 Crossroads Station 610 47 99 30 81 Townsquare at Dumfries Bond 227 184 Telegraph Hill 350 41 100 82 Lincoln at Commerce Park 260 185 Arlandria Center 478 105 40 83 Promenade at Reston Station, The 540 186 Huntington Avenue & Blaine Drive 141 15 12 102 Total Planned 26,687 187 4333 Arlington Residential 112 184 104 39 38 84 223 23rd Street South 353 188 Spring Hill Station 1200 46 103 85 Airport Plaza 200 189 Tysons West Phase II 400 186 86 Crystal 650 190 Fairfield 403 43 44 87 Crystal House Phase II 295 191 9901 Braddock Road 1100 182 21 88 Crystal House Phase III 252 192 Kingstowne Towne Center 800 74 45 89 National Gateway Phase II 331 193 Pender Oaks 128 75 42 90 Metropolitan Park Phase 7 359 194 Woodland Park East 515 18 183 91 Metropolitan Park Phase 8 361 195 Lake Anne Plaza 450 19 73 143 192 92 Pen Place Residential 300 Total Prospective 57,555 93 Trove, The 402 94 5000 Echols Avenue Phase II 50 LEGEND 142 95 Columbia Pike & Greenbrier 80 Lease-Up 96 Oakville Triangle 400 97 Park Central 400 Under Construction 98 Braddock Gateway Phase II 255 99 Braddock Gateway Phase III 288 Planned 100 Crowne Plaza Hotel Redevelopment 293 Prospective 5 mi Source: Yardi Matrix

a Berkshire Hathaway and Jefferies Financial Group company Northern Virginia New Construction and Proposed Multifamily Projects

FORECASTED ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMIT DATE COMPLETION DATE START OF RENT-UP 1 Arcadia Run Phase III 11775 Boltonia Drive Manassas VA 20109 Lease-Up 304 Prince George/South Manassas 08/23/2017 12/31/2019 03/05/2018 2 Abberly Avera 11601 Hokie Stone Loop Manassas VA 20109 Lease-Up 336 Prince George/South Manassas 01/16/2017 04/30/2019 04/13/2018 3 Messenger Place 9009 Church Street Manassas VA 20110 Lease-Up 94 Prince George/South Manassas 09/04/2017 01/31/2019 12/04/2018 4 Dominion Arlington Heights 333 South Glebe Road Arlington VA 22204 Lease-Up 188 Arlington Heights/Clarendon/Courthouse 01/09/2018 01/31/2019 08/22/2018 5 Altaire, The 400 Army Navy Drive Arlington VA 22202 Lease-Up 451 Pentagon City/Penrose 01/17/2017 01/31/2019 07/19/2018 6 Modera Mosaic Phase II 2920 District Avenue Fairfax VA 22031 Lease-Up 222 Burke/Falls Church/Jefferson 07/01/2016 01/31/2019 12/01/2017 TOTAL LEASE-UP 1,595 7 4000 Fairfax Drive 4000 Fairfax Drive Arlington VA 22203 Under Construction 330 Ballston/East Falls Church/Seven Corners 11/23/2018 04/30/2021 8 730 - 750 North Glebe 750 North Glebe Road Arlington VA 22203 Under Construction 483 Ballston/East Falls Church/Seven Corners 07/27/2018 11/30/2020 9 Centro Arlington 948 South George Mason Drive Arlington VA 22204 Under Construction 366 Arlington Heights/Clarendon/Courthouse 07/05/2018 10/31/2020 10 Gables Pointe 14 1307 North Rolfe Street Arlington VA 22209 Under Construction 368 Fort Myers Heights/Radnor 04/23/2018 08/31/2020 11 Sur, The 3400 Potomac Avenue Arlington VA 22202 Under Construction 360 Crystal City 02/13/2018 04/30/2020 12 200 Stovall St. 200 Stovall Street Alexandria VA 22332 Under Construction 520 Eisenhower East/Fort Hunt/Franconia 12/18/2018 03/31/2020 13 Preserve at Westfields 4906 Stonecroft Blvd Chantilly VA 20151 Under Construction 312 Bull Run/Centreville/Chantilly 09/06/2018 03/31/2020 14 Scout on the Circle 9500 Fairfax Blvd Fairfax VA 22031 Under Construction 400 Fairfax 03/28/2018 02/29/2020 15 Cameron Park 450 South Pickett Street Alexandria VA 22304 Under Construction 302 Van Dorn 09/28/2018 01/31/2020 16 Trinity Centre Trinity Pkwy & Trinity Place Centreville VA 20120 Under Construction 355 Bull Run/Centreville/Chantilly 05/01/2018 01/31/2020 17 BLVD Loudoun Station Phase II, The Metro Center Drive & Shellhorn Road Ashburn VA 20147 Under Construction 319 Ashburn/Dulles/Sterling 08/15/2018 01/31/2020 18 Allure at Jefferson, The SEC Jefferson Davis Hwy & Spotsylvania Pkwy Fredericksburg VA 22407 Under Construction 338 Falmouth/Spotsylvania 05/01/2018 01/31/2020 19 Keswick Gardens 7805 Robert E. Lee Drive Spotsylvania Courthouse VA 22551 Under Construction 240 Falmouth/Spotsylvania 08/01/2018 01/31/2020 20 Pentagon Center Building A 12th Street South & South Hayes Street Arlington VA 22202 Under Construction 440 Pentagon City/Penrose 07/22/2017 12/31/2019 21 Cityside Huntington Metro Phase II 6034 Richmond Hwy Alexandria VA 22303 Under Construction 145 Huntington/Beacon Hill 04/01/2018 12/31/2019 22 Boro, The Greensboro Drive & Westpark Drive Tysons VA 22102 Under Construction 835 Lee Highway Corridor/McClean/Sugarland Run 06/13/2017 12/31/2019 23 Stone Springs Medical Drive & Stone Springs Blvd Sterling VA 20166 Under Construction 128 Ashburn/Dulles/Sterling 08/01/2018 12/31/2019 24 Gateway at King, The 4600 King Street Alexandria VA 22302 Under Construction 352 Fairlington/Seminary Hill/West Potomac 11/01/2017 11/30/2019 25 Liberty Center 4040 Wilson Blvd Arlington VA 22203 Under Construction 244 Ballston/East Falls Church/Seven Corners 10/01/2016 05/31/2019 26 Heights at Goose Creek Village, The Belmont Ridge Road & Sycolin Road Ashburn VA 20147 Under Construction 230 Ashburn/Dulles/Sterling 02/21/2018 05/31/2019 27 Village at Leesburg, The 1602 Village Market Blvd SE Leesburg VA 20175 Under Construction 168 Gainesville/Leesburg 05/10/2017 05/31/2019 28 Lumen at Tysons 8334 Leesburg Pike Vienna VA 22182 Under Construction 398 Lee Highway Corridor/McClean/Sugarland Run 12/13/2016 04/30/2019 29 Origin, The 4238 Wilson Blvd Arlington VA 22203 Under Construction 406 Ballston/East Falls Church/Seven Corners 11/30/2017 04/30/2019 30 Gables Old Town North 530 1st Street Alexandria VA 22314 Under Construction 232 Old Town Alexandria/Potomac Yard/Taylor Run 11/13/2017 04/30/2019 31 Cherry Hill 2118 North Monroe Street Arlington VA 22207 Under Construction 93 Colonial Village/North Highlands/Rosslyn 01/22/2018 01/31/2019 TOTALUNDER CONSTRUCTION 8,364 32 Century Center at Crystal City 2351 Jefferson Davis Hwy Arlington VA 22202 Planned 302 Crystal City 33 National Gateway 33rd Street & South Potomac Avenue Arlington VA 22202 Planned 342 Crystal City 34 Metropolitan Park Phase 6 1400 South Eads Street Arlington VA 22202 Planned 577 Pentagon City/Penrose 35 Pentagon Center Building C 15th Street South & South Hayes Street Arlington VA 22202 Planned 253 Pentagon City/Penrose 36 2400 Columbia Pike 2400 Columbia Pike Arlington VA 22204 Planned 105 Douglas Park/Nauck 37 North Royal Street 1201 North Royal Street Alexandria VA 22314 Planned 90 Old Town Alexandria/Potomac Yard/Taylor Run 38 Carlyle Plaza Two 760 John Carlyle Street Alexandria VA 22314 Planned 368 Eisenhower East/Fort Hunt/Franconia 39 Eisenhower Block 20 2200 Mill Road Alexandria VA 22314 Planned 404 Eisenhower East/Fort Hunt/Franconia 40 Hoffman Town Center SEC Mill Road & Stovall Street Alexandria VA 22332 Planned 400 Eisenhower East/Fort Hunt/Franconia 41 Hoffman Town Center Block 5 Mandeville Lane & Mill Road Alexandria VA 22332 Planned 260 Eisenhower East/Fort Hunt/Franconia 42 Kings Crossing 6301 Richmond Hwy Alexandria VA 22303 Planned 340 Eisenhower East/Fort Hunt/Franconia 43 Huntington Crossing 5829 North Kings Hwy Alexandria VA 22303 Planned 364 Huntington/Beacon Hill 44 Riverside Phase II 5860 Cameron Run Terrace Alexandria VA 22303 Planned 767 Huntington/Beacon Hill 45 South Alex 6228 North Kings Hwy Alexandria VA 22303 Planned 400 Huntington/Beacon Hill 46 Eisenhower West Backlick Run & South Van Dorn Street Alexandria VA 22304 Planned 414 Van Dorn 47 Residences at Landmark 5801 Duke Street Alexandria VA 22304 Planned 386 Landmark/Foxchase 48 Ellis Arms, The 1523 Fairfax Drive Arlington VA 22209 Planned 64 Fort Myers Heights/Radnor 49 1555 Wilson Blvd East 1555 Wilson Blvd Arlington VA 22209 Planned 561 Colonial Village/North Highlands/Rosslyn 50 1555 Wilson Blvd West 1555 Wilson Blvd Arlington VA 22209 Planned 331 Colonial Village/North Highlands/Rosslyn 51 Rosslyn Gateway 1901 Fort Myer Drive Arlington VA 22209 Planned 273 Colonial Village/North Highlands/Rosslyn 52 Greensboro Park Place 8200 Greensboro Drive McLean VA 22102 Planned 480 Lee Highway Corridor/McClean/Sugarland Run 53 Highland District Building A Old Meadow Lane & Old Meadow Road McLean VA 22102 Planned 410 Lee Highway Corridor/McClean/Sugarland Run 54 Highland District Building B Old Meadow Lane & Old Meadow Road McLean VA 22102 Planned 210 Lee Highway Corridor/McClean/Sugarland Run 55 Taylor Plaza at Scotts Run Station South Colshire Drive & Colshire Meadow Drive Tysons Corner VA 22102 Planned 349 Lee Highway Corridor/McClean/Sugarland Run 56 11th & Vermont 1031 North Vermont Street Arlington VA 22201 Planned 59 Ballston/East Falls Church/Seven Corners 57 Founder's Row West Broad Street & North West Street Falls Church VA 22046 Planned 322 Ballston/East Falls Church/Seven Corners 58 Davies Property 4131 Chain Bridge Road Fairfax VA 22030 Planned 258 Burke/Falls Church/Jefferson 59 Fairfax Plaza Shopping Center 2960 Gallows Road Falls Church VA 22042 Planned 626 Burke/Falls Church/Jefferson 60 Four Seasons at Mosaic Eskridge Road & Williams Drive Fairfax VA 22031 Planned 127 Burke/Falls Church/Jefferson 61 Orchard Bridge Phase II 7501 Mangrove Circle Manassas VA 20111 Planned 404 Prince George/South Manassas 62 Innovation Center South Sayward Blvd &Sunrise Valley Drive Herndon VA 20171 Planned 600 South Herndon 63 1808 Michael Faraday 1808 Michael Faraday Court Reston VA 20190 Planned 261 North Reston 64 1831 Michael Faraday 1831 Michael Faraday Drive Reston VA 20190 Planned 243 North Reston 65 RTC West NWC Sunset Hills Road & Town Center Parkway Reston VA 20190 Planned 702 Herndon/Reston

Source: Yardi Matrix UrbanNorthern Chicago Virginia New New Construction Construction and and Proposed Proposed Multifamily Multifamily Projects Projects

FORECASTED ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMIT DATE COMPLETION DATE START OF RENT-UP 66 Avonlea Pinebrook Road & US Route 50 Chantilly VA 20152 Planned 725 Ashburn/Dulles/Sterling 67 Gramercy District Phase 1A Gramercy Park Drive & Loudoun Station Drive Ashburn VA 20147 Planned 350 Ashburn/Dulles/Sterling 68 Jameson, The State Route 7 & State Route 28 Broad Run VA 20147 Planned 333 Ashburn/Dulles/Sterling 69 Kincora Village State Route 7 & State Route 28 Broad Run VA 20147 Planned 1037 Ashburn/Dulles/Sterling 70 Loudoun Metro Loudoun County Pkwy & Shellhorn Road Ashburn VA 20147 Planned 4128 Ashburn/Dulles/Sterling 71 One Loudoun NWC Loudoun County Pkwy & Russell Branch Pkwy Ashburn VA 20147 Planned 446 Ashburn/Dulles/Sterling 72 John Marshall Commons 14510 John Marshall Hwy Gainesville VA 20155 Planned 144 Gainesville/Leesburg 73 Alexander's Crossing Massaponax Church Road & Summit Crossing Road Fredericksburg VA 22408 Planned 888 Falmouth/Spotsylvania 74 Jackson Village SEC Jefferson Davis Hwy & Spotsylvania Pkwy Fredericksburg VA 22407 Planned 695 Falmouth/Spotsylvania 75 Southpoint Landing Interstate 95 & Jefferson Davis Pkwy Fredericksburg VA 22407 Planned 550 Falmouth/Spotsylvania 76 North Potomac Yard Jefferson Davis Hwy & East Reed Avenue Alexandria VA 22305 Planned 732 Old Town Alexandria/Potomac Yard/Taylor Run 77 Anderson Park Phase II 1653 Anderson Road McLean VA 22102 Planned 2571 Lee Highway Corridor/McClean/Sugarland Run 78 Ballston Station - Ballston Central United Methodist Church 4201 North Fairfax Drive Arlington VA 22203 Planned 119 Ballston/East Falls Church/Seven Corners 79 Sunburst at Spring Hill Metro 1587 Spring Hill Road Vienna VA 22182 Planned 501 Merrifield/Tyson's Corner/Vienna 80 Tysons West 8595 Leesburg Pike Vienna VA 22182 Planned 389 Merrifield/Tyson's Corner/Vienna 81 Townsquare at Dumfries Bond 3955 Graham Park Road Triangle VA 22172 Planned 227 Dumfries/Triangle 82 Lincoln at Commerce Park Association Drive & Sunrise Valley Drive Reston VA 20191 Planned 260 North Reston 83 Promenade at Reston Station, The 11321 Sunset Hills Road Reston VA 20190 Planned 540 Herndon/Reston TOTAL PLANNED 26,687 84 223 23rd Street South 223 23rd Street South Arlington VA 22202 Prospective 353 Crystal City 85 Airport Plaza 2650 South Clark Street Arlington VA 22202 Prospective 200 Crystal City 86 Crystal 1750 Crystal Drive Arlington VA 22202 Prospective 650 Crystal City 87 Crystal House Phase II 2000 South Eads Street Arlington VA 22202 Prospective 295 Crystal City 88 Crystal House Phase III 1900 South Eads Street Arlington VA 22202 Prospective 252 Crystal City 89 National Gateway Phase II 33rd Street & South Potomac Avenue Arlington VA 22202 Prospective 331 Crystal City 90 Metropolitan Park Phase 7 12th Street South & South Fern Street Arlington VA 22202 Prospective 359 Pentagon City/Penrose 91 Metropolitan Park Phase 8 12th Street South & South Fern Street Arlington VA 22202 Prospective 361 Pentagon City/Penrose 92 Pen Place Residential Army Navy Drive & South Fern Street Arlington VA 22202 Prospective 300 Pentagon City/Penrose 93 Trove, The 1850 Columbia Pike Arlington VA 22204 Prospective 402 Pentagon City/Penrose 94 5000 Echols Avenue Phase II 5000 Echols Avenue Alexandria VA 22311 Prospective 50 Fairlington/Seminary Hill/West Potomac 95 Columbia Pike & Greenbrier Columbia Pike & South Greenbrier Street Arlington VA 22204 Prospective 80 Fairlington/Seminary Hill/West Potomac 96 Oakville Triangle SWC Calvert Avenue & Jefferson Davis Hwy Alexandria VA 22301 Prospective 400 Fairlington/Seminary Hill/West Potomac 97 Park Central 3101 Park Center Drive Alexandria VA 22302 Prospective 400 Fairlington/Seminary Hill/West Potomac 98 Braddock Gateway Phase II 1100 North Fayette Street Alexandria VA 22314 Prospective 255 Old Town Alexandria/Potomac Yard/Taylor Run 99 Braddock Gateway Phase III North Fayette Street & 1st Street Alexandria VA 22314 Prospective 288 Old Town Alexandria/Potomac Yard/Taylor Run 100 Crowne Plaza Hotel Redevelopment 801 North Fairfax Street Alexandria VA 22314 Prospective 293 Old Town Alexandria/Potomac Yard/Taylor Run 101 Potomac Yard Landbay D South Potomac Avenue Arlington VA 22202 Prospective 342 Old Town Alexandria/Potomac Yard/Taylor Run 102 South Henry Street & King Street South Henry Street & King Street Alexandria VA 22314 Prospective 52 Old Town Alexandria/Potomac Yard/Taylor Run 103 Arden, The 2701 Huntington Avenue Alexandria VA 22033 Prospective 126 Huntington/Beacon Hill 104 880 South Pickett Street 880 South Pickett Street Alexandria VA 22304 Prospective 350 Van Dorn 105 Picket Place SEC Edsall Road & South Van Dorn Street Alexandria VA 22304 Prospective 2400 Van Dorn 106 2000 North Beauregard 2000 North Beauregard Street Alexandria VA 22311 Prospective 300 Alexandria West 107 Beauregard Town Center North Beauregard Street & Reading Avenue Alexandria VA 22311 Prospective 573 Alexandria West 108 2636 Wilson Blvd 2636 Wilson Blvd Arlington VA 22201 Prospective 135 Arlington Heights/Clarendon/Courthouse 109 1200 North Hudson 1200 North Hudson Street Arlington VA 22201 Prospective 580 Colonial Village/North Highlands/Rosslyn 110 1400 Key Blvd 1400 Key Blvd Arlington VA 22209 Prospective 274 Colonial Village/North Highlands/Rosslyn 111 Clarendon West NEC 13th Street North & Washington Blvd Arlington VA 22201 Prospective 247 Colonial Village/North Highlands/Rosslyn 112 Clarendon West Phase II NEC 13th Street North & North Irving Street Arlington VA 22201 Prospective 337 Colonial Village/North Highlands/Rosslyn 113 Kirkwood Road 3145 Washington Blvd Arlington VA 22201 Prospective 254 Colonial Village/North Highlands/Rosslyn 114 Rosslyn Building - East Redevelopment 1901 North Moore Street Arlington VA 22209 Prospective 407 Colonial Village/North Highlands/Rosslyn 115 Rosslyn Plaza 1777 North Kent Street Arlington VA 22209 Prospective 300 Colonial Village/North Highlands/Rosslyn 116 Rosslyn Plaza Phase II 1001 Wilson Blvd Arlington VA 22209 Prospective 250 Colonial Village/North Highlands/Rosslyn 117 1500 Westbranch 1500 Westbranch Drive McLean VA 22102 Prospective 400 Lee Highway Corridor/McClean/Sugarland Run 118 6862 Elm Street 6862 Elm Street Mclean VA 22101 Prospective 240 Lee Highway Corridor/McClean/Sugarland Run 119 Arbor Row Block A1 SWC Westpark Drive & Westbranch Drive Tysons VA 22102 Prospective 268 Lee Highway Corridor/McClean/Sugarland Run 120 Arbor Row Block A2 SWC Westpark Drive & Westbranch Drive McLean VA 22102 Prospective 426 Lee Highway Corridor/McClean/Sugarland Run 121 Boro Phase II, The Greensboro Drive & Westpark Drive Tysons VA 22102 Prospective 1550 Lee Highway Corridor/McClean/Sugarland Run 122 Highland District Buildings C-F Old Meadow Lane & Old Meadow Road McLean VA 22102 Prospective 1210 Lee Highway Corridor/McClean/Sugarland Run 123 J. R.'s Stockyards Redevelopment 8130 Watson Street McLean VA 22102 Prospective 264 Lee Highway Corridor/McClean/Sugarland Run 124 Scotts Run North 1820 Dolley Madison Blvd McLean VA 22102 Prospective 464 Lee Highway Corridor/McClean/Sugarland Run 125 Tysons Galleria Redevelopment 2001 International Drive McLean VA 22102 Prospective 100 Lee Highway Corridor/McClean/Sugarland Run 126 View at Tysons, The 8590 Leesburg Pike Tysons VA 22102 Prospective 786 Lee Highway Corridor/McClean/Sugarland Run 127 Westpark Plaza 8401 Westpark Drive Mclean VA 22102 Prospective 550 Lee Highway Corridor/McClean/Sugarland Run 128 Westpark Plaza Phase II 8401 Westpark Drive McLean VA 22102 Prospective 760 Lee Highway Corridor/McClean/Sugarland Run 129 Merrill House Redevelopment 210 East Fairfax Street Falls Church VA 22046 Prospective 50 Ballston/East Falls Church/Seven Corners 130 Washington & Broad 100 North Washington Street Falls Church VA 22046 Prospective 304 Ballston/East Falls Church/Seven Corners 131 Exxon Mobil Site Redevelopment Gallows Road & Lee Hwy Merrifield VA 22037 Prospective 100 Merrifield/Tyson's Corner/Vienna 132 International Place 8201 Leesburg Pike Vienna VA 22182 Prospective 385 Merrifield/Tyson's Corner/Vienna Source: Yardi Matrix UrbanNorthern Chicago Virginia New New Construction Construction and and Proposed Proposed Multifamily Multifamily Projects Projects

FORECASTED ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMIT DATE COMPLETION DATE START OF RENT-UP 133 Merrifield at Dunn Loring Station Phase II 8130 Prescott Drive Vienna VA 22180 Prospective 2331 Merrifield/Tyson's Corner/Vienna 134 Perseus at Spring Hill Metro 1577 Spring Hill Road Vienna VA 22182 Prospective 341 Merrifield/Tyson's Corner/Vienna 135 Wolf Trap Hotel Redevelopment Maple Avenue West & Nutley Street SW Vienna VA 22180 Prospective 160 Merrifield/Tyson's Corner/Vienna 136 Breezeway 10829 Fairfax Blvd Fairfax VA 22030 Prospective 74 Fairfax 137 Capstone Collegiate 3807 University Drive Fairfax VA 22030 Prospective 268 Fairfax 138 Layton Hall Redevelopment 10340 Layton Hall Drive Fairfax VA 22030 Prospective 360 Fairfax 139 Paul VI High School Redevelopment 10675 Fairfax Blvd Fairfax VA 22030 Prospective 242 Fairfax 140 City Center South Phase I & II West Annandale Road & South Maple Avenue Falls Church VA 22046 Prospective 412 Burke/Falls Church/Jefferson 141 Markham Place 4245 Markham Street Annandale VA 22003 Prospective 310 Burke/Falls Church/Jefferson 142 Liberty View Beulah Street & Franconia-Springfield Pkwy Franconia VA 22310 Prospective 300 Annandale/Lincolnia/Springfield 143 Springfield Town Center 6500 Springfield Mall Springfield VA 22150 Prospective 2500 Annandale/Lincolnia/Springfield 144 Potomac Town Center 2401 Opitz Blvd Woodbridge VA 22191 Prospective 500 Dale City/Lorton/Woodbridge 145 Rippon Center Farm Creek Drive & Rippon Blvd Woodbridge VA 22191 Prospective 550 Dale City/Lorton/Woodbridge 146 Rippon Center Phase II Farm Creek Drive & Rippon Blvd Woodbridge VA 22191 Prospective 230 Dale City/Lorton/Woodbridge 147 Potomac Shores Harbor Station Pkwy & River Heritage Blvd Dumfries VA 22026 Prospective 200 Dumfries/Triangle 148 Frying Pan Road & State Route 28 Frying Pan Road & State Route 28 Herndon VA 20171 Prospective 100 Bull Run/Centreville/Chantilly 149 Aurora Station at Dulles Frying Pan Road & Sunrise Valley Drive Herndon VA 20171 Prospective 1031 South Herndon 150 Dulles Station Dulles Technology Drive & River Birch Road Herndon VA 20171 Prospective 500 South Herndon 151 Liberty Park Dulles Technology Drive & Sunrise Valley Drive Herndon VA 20171 Prospective 1701 South Herndon 152 Makers Rise at Dulles Station 2320 Dulles Station Blvd Herndon VA 20171 Prospective 866 South Herndon 153 Reston Crescent Reston Pkwy & Sunrise Valley Drive Reston VA 20191 Prospective 380 South Herndon 154 Reston II 12005 Sunrise Valley Drive Reston VA 20191 Prospective 145 South Herndon 155 11111 Sunset Hills Road 11111 Sunset Hills Road Reston VA 20190 Prospective 175 North Reston 156 1831 Wiehle Avenue 1831 Wiehle Avenue Reston VA 20190 Prospective 504 North Reston 157 Campus Commons Drive 1902 Campus Commons Drive Reston VA 20191 Prospective 100 North Reston 158 Commerce Executive Park NWC Sunrise Valley Drive & Wiehle Avenue Reston VA 20191 Prospective 200 North Reston 159 Commerce Executive Park Phase II NWC Sunrise Valley Drive & Wiehle Avenue Reston VA 20191 Prospective 300 North Reston 160 RTC West Phase II 11790 Sunrise Valley Drive Reston VA 20191 Prospective 700 North Reston 161 Elden Street Plaza NEC Center Street & Elden Street Herndon VA 20170 Prospective 281 Herndon/Reston 162 Isaac Newton Square Redevelopment Sunset Hills Road & Wiehle Avenue Reston VA 20190 Prospective 2100 Herndon/Reston 163 Lake Anne Plaza Phase II 1513 Cameron Crescent Drive Reston VA 20190 Prospective 50 Herndon/Reston 164 Lake Anne Plaza Phase III 1645 Washington Plaza North Reston VA 20190 Prospective 440 Herndon/Reston 165 Lake Anne Redevelopment 11450 North Shore Drive Reston VA 20190 Prospective 240 Herndon/Reston 166 Reston Crossing Dulles Toll Road & Reston Pkwy Reston VA 20190 Prospective 1190 Herndon/Reston 167 Reston Gateway Reston Pkwy & Sunset Hills Road Reston VA 20190 Prospective 1520 Herndon/Reston 168 Spectrum at Reston Town Center Redevelopment Bowman Towne Drive & Reston Pkwy Reston VA 20190 Prospective 1422 Herndon/Reston 169 Ashburn Chase Ashburn Road & Russel Branch Pkwy Ashburn VA 20147 Prospective 201 Ashburn/Dulles/Sterling 170 BLVD Loudoun Station Phase III, The Loudoun Station Drive & Shellhorn Road Ashburn VA 20147 Prospective 123 Ashburn/Dulles/Sterling 171 Cascades Pkwy & Potomac View Road Cascades Pkwy & Potomac View Road Sterling VA 20164 Prospective 50 Ashburn/Dulles/Sterling 172 Fox Gate John Mosby Hwy & Pleasant Valley Road Dulles VA 20152 Prospective 110 Ashburn/Dulles/Sterling 173 Gramercy District Phase 1B Gramercy Park Drive & Loudoun Station Drive Ashburn VA 20147 Prospective 332 Ashburn/Dulles/Sterling 174 Hub, The Innovation Avenue & Sully Road Dulles VA 20166 Prospective 1265 Ashburn/Dulles/Sterling 175 Loudoun Center Loudoun County Pkwy & Waxpool Road Ashburn VA 20166 Prospective 774 Ashburn/Dulles/Sterling 176 Loudoun Parkway Center South Dulles Greenway & Loudoun County Pkwy Ashburn VA 20147 Prospective 560 Ashburn/Dulles/Sterling 177 Waterside Old Ox Road & Shaw Road Sterling VA 20166 Prospective 2595 Ashburn/Dulles/Sterling 178 Goose Creek Club Golf Club Road & Russell Branch Pkwy SE Leesburg VA 20175 Prospective 125 Gainesville/Leesburg 179 Grove at Gainesville, The 14300 John Marshall Hwy Gainesville VA 20155 Prospective 560 Gainesville/Leesburg 180 Village Center at Belmont Greene 42920 Piccadilly Plaza Ashburn VA 20147 Prospective 235 Gainesville/Leesburg 181 George Washington Village Courthouse Road & Interstate 95 Stafford VA 22554 Prospective 1050 Stafford/Warrenton 182 Allure at Jefferson Phase II, The SEC Jefferson Davis Hwy & Spotsylvania Pkwy Fredericksburg VA 22408 Prospective 112 Falmouth/Spotsylvania 183 Crossroads Station Benchmark Road & Mills Drive Fredericksburg VA 22408 Prospective 610 Falmouth/Spotsylvania 184 Telegraph Hill Lafayette Blvd & Lee Drive Fredericksburg VA 22401 Prospective 350 Fredericksburg 185 Arlandria Center 3809 Mount Vernon Avenue Alexandria VA 22305 Prospective 478 Fairlington/Seminary Hill/West Potomac 186 Huntington Avenue & Blaine Drive Blaine Drive & Huntington Avenue Huntington VA 22303 Prospective 141 Huntington/Beacon Hill 187 4333 Arlington Residential 4333 Arlington Blvd Arlington VA 22203 Prospective 112 Ashton Heights/Buckingham 188 Spring Hill Station 1556 Spring Hill Road McLean VA 22102 Prospective 1200 Lee Highway Corridor/McClean/Sugarland Run 189 Tysons West Phase II 8595 Leesburg Pike Vienna VA 22182 Prospective 400 Merrifield/Tyson's Corner/Vienna 190 Fairfield 11101 Fairfax Blvd Fairfax VA 22030 Prospective 403 Fairfax 191 9901 Braddock Road 9901 Braddock Road Fairfax VA 22032 Prospective 1100 Burke/Falls Church/Jefferson 192 Kingstowne Towne Center 5931 Kingstowne Village Pkwy Alexandria VA 22315 Prospective 800 Annandale/Lincolnia/Springfield 193 Pender Oaks Fair Ridge Drive & Lee Jackson Memorial Hwy Fairfax VA 22033 Prospective 128 Bull Run/Centreville/Chantilly 194 Woodland Park East Dulles Toll Road & Monroe Street Herndon VA 20171 Prospective 515 South Herndon 195 Lake Anne Plaza 11401 North Shore Drive Reston VA 20190 Prospective 450 Herndon/Reston TOTAL PROSPECTIVE 57,555

TOTAL NORTHERN VIRGINIA 94,201

© 2018 Berkadia Real Estate Advisors LLC. Berkadia® is a trademark of Berkadia Proprietary Holding LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker License #01931050; Vincent B. Norris, CA BRE Lic. # 843890. Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701; and Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details visit: http://www.berkadia.com/legal/licensing.aspx Source: Yardi Matrix