Jacksonville New Construction & Proposed Multifamily Projects 4Q19

ID PROPERTY UNITS 73 Main Street North PUD 238 74 Oakleaf Town Center 270 4 Vintage Amelia Island 224 75 Saddle Brook Landings Phase II 216 6 Waters Ridge Phase II 72 76 Harmony at Baxley 86 Total Lease Up 296 77 Landing, The 84 78 RiverTown 500 7 Brisa Residences 256 79 Bridgewater 816 8 Plantation Bay 266 80 Greenbriar Downs 818 9 Cue Luxury Living 296 81 Pavilion at Durbin Park, The 999 17 Wildlight 276 82 Race Track & St. Johns Pkwy 400 18 Le Montage 50 83 Springs at Flagler Center 240 Total Under Construction 1,144 84 Cordova Palms 750 85 Court Theophelia 50 30 Terrabella 253 86 Cross County Plaza 50 31 Lane Avenue 120 87 Epic Village Townhomes 188 32 Lane Avenue 438 88 Hartshorn Street & West King 166 33 Calebs Cove 60 Street 89 Moultrie Oaks Townhomes 66 34 Eagle Landings 85 90 Wildlight Phase II 721 35 Parkway Shops North 300 William Burgess Blvd. & Harts 36 Preserve at Island Pointe, The 192 91 Road 450 37 4040 Ricker Road 60 Total Prospective 9,323 38 Twin Creeks North Townhomes 206 39 79 Masters Drive 100 40 Arbors at Lightsey Road, The 100 Landing at St. Augustine, The 41 Phase II 315 42 Silverleaf Plantation 210 43 Mills Creek Preserve 300 Total Planned 2,739

Guana 44 Olea at Nocatee 175 Tolomate 46 Arlingwood Avenue Town Homes 191 Matanzas National... 49 Edgewood Avenue 101 59 Roosevelt Square Redevelopment 100 65 11635 Tanager Drive 100 66 Deer Run in Buck Business Park 83 67 Cedar Station 120 68 Waypoint 339 69 Garden 250 70 Shoppes of Ponte Vedra Beach 250 71 1st and 6th 50 72 Fiddler`s Reef 456 5 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Jacksonville New Construction & Proposed Multifamily Projects 4Q19

ID PROPERTY UNITS 2 Volaris West Kernan 301 3 Oasis at Town Center, The 328 Total Lease Up 629

11 ETown Parcel E9 332 12 Satori Town Center 289 13 Gate Parkway 230 14 Gateway Village at Town Center 289 15 Bainbridge St. Johns Town Center 276 16 5220 Atlantic Blvd 80 Total Under Construction 1,496

28 A C Skinner Parkway Townhomes 370 29 Presidium at Town Center 370 Total Planned 740

60 Amare Vita 208 61 Fusion 384 62 Village Center 650 63 Beach & Kernan 198 64 Glen Kernan Pkwy & Hodges Blvd 970

Total Prospective 2,410 2000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Jacksonville New Construction & Proposed Multifamily Projects 4Q19

ID PROPERTY UNITS 1 Riverside St. Johns 125 5 San Marco Promenade 284 Total Lease Up 409

10 Vista Brooklyn 308 Total Under Construction 308

19 San Marco Crossing 290 20 Atlantica Isles 285 21 District, The 552 22 Hendricks Avenue 345 23 Johnson Commons Mixed Use 107 Baptist Medical 24 Kings Avenue Station 90 Center Jacksonville 25 Lofts at Cathedral 140 26 Old Independent Life Building 140 27 South Shore 185 Total Planned 2,134

45 San Marco Promenade Phase II 226 47 District Phase II, The 618 48 District, The 100 50 Jacksonville Jaguars Lot J 500 51 Kings Avenue Station Phase II 300 52 La Villa 285 53 LaVilla Townhomes 70 54 North Julia Street 200 Union Terminal Warehouse 55 Redevelopment 185 56 Vestcor LaVilla 70 57 East San Marco 280 58 Park Place at San Marco 135

Total Prospective 2,969 2000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Jacksonville New Construction and Proposed Multifamily Projects

PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 1 Riverside St. Johns 555 Bishopgate Lane Jacksonville FL 32204 Lease-Up 125 College Park/Springfield 12/31/2017 06/30/2020 08/27/2019 2 Volaris West Kernan 12517 Beach Blvd Jacksonville FL 32246 Lease-Up 301 Southridge 03/22/2019 05/31/2020 09/16/2019 3 Oasis at Town Center, The 10667 Brightman Blvd Jacksonville FL 32246 Lease-Up 328 Pineland Gardens 11/01/2018 05/31/2020 06/25/2019 4 Vintage Amelia Island 111 Vintage Way Fernandina Beach FL 32034 Lease-Up 224 Fernandina Beach 04/01/2019 05/31/2020 06/17/2019 5 San Marco Promenade 2600 Philips Hwy Jacksonville FL 32207 Lease-Up 284 South Jacksonville 07/23/2018 03/31/2020 12/06/2019 6 Waters Ridge Phase II 2304 St Johns Bluff Road South Jacksonville FL 32246 Lease-Up 72 Oakwood Villa 04/30/2018 01/31/2020 01/01/2019 Total Lease-Up 1,334 7 Brisa Residences SWC Lightsey Road & State Road 207 St. Augustine FL 32084 Under Construction 256 St Augustine 09/02/2019 10/31/2021 8 Plantation Bay 7598 Plantation Bay Drive Jacksonville FL 32244 Under Construction 266 Ortega Hills 08/26/2019 08/31/2021 9 Cue Luxury Living 13504 Citicards Way Jacksonville FL 32258 Under Construction 296 Bayard 05/20/2019 05/31/2021 10 Vista Brooklyn 200 Riverside Avenue Jacksonville FL 32202 Under Construction 308 College Park/Springfield 06/30/2019 02/28/2021 11 ETown Parcel E9 9735 R G Skinner Pkwy Jacksonville FL 32256 Under Construction 332 Deerwood Club - east 07/01/2019 01/31/2021 12 Satori Town Center 10640 Satori Lane Jacksonville FL 32256 Under Construction 289 Deerwood Club - east 01/01/2019 01/31/2021 13 Gate Parkway Deerwood Park Blvd & Gate Pkwy Jacksonville FL 32256 Under Construction 230 Deerwood Club - east 05/25/2019 12/31/2020 14 Gateway Village at Town Center SWC Deerwood Park Blvd & Gate Pkwy Jacksonville FL 32256 Under Construction 289 Deerwood Club - east 04/01/2019 12/31/2020 15 Bainbridge St. Johns Town Center Betty Holzendorf Drive & Kernan Blvd South Jacksonville FL 32224 Under Construction 276 Southridge 03/22/2019 12/31/2020 16 5220 Atlantic Blvd 5220 Atlantic Blvd Jacksonville FL 32207 Under Construction 80 South Jacksonville 05/15/2019 05/31/2020 17 Wildlight Harper Chapel Road & State Road 200 Yulee FL 32097 Under Construction 276 Fernandina Beach 05/20/2019 05/31/2020 18 Le Montage 3050 East Old River Road Jacksonville FL 32223 Under Construction 50 Greenland 05/31/2016 02/29/2020 Total Under Construction 2,948 19 San Marco Crossing 2118 Kings Avenue Jacksonville FL 32207 Planned 290 South Jacksonville 20 Atlantica Isles 1430 East Adams Street Jacksonville FL 32202 Planned 285 College Park/Springfield 21 District, The 801 Broadcast Place Jacksonville FL 32207 Planned 552 College Park/Springfield 22 Hendricks Avenue 1230 Hendricks Avenue Jacksonville FL 32207 Planned 345 College Park/Springfield 23 Johnson Commons Mixed Use Lee Street & Forsyth Street Jacksonville FL 32202 Planned 107 College Park/Springfield 24 Kings Avenue Station 1201 Kings Avenue Jacksonville FL 32207 Planned 90 College Park/Springfield 25 Lofts at Cathedral 325 East Duval Street Jacksonville FL 32202 Planned 140 College Park/Springfield 26 Old Independent Life Building 233 West Duval Street Jacksonville FL 32202 Planned 140 College Park/Springfield 27 South Shore NWC Palm Avenue & Prudential Drive Jacksonville FL 32207 Planned 185 College Park/Springfield 28 A C Skinner Parkway Townhomes A C Skinner Pkwy & Belfort Road Jacksonville FL 32256 Planned 370 Deerwood Club - west 29 Presidium at Town Center 7200 A C Skinner Pkwy Jacksonville FL 32256 Planned 370 Deerwood Club - west

Source: Yardi Matrix Jacksonville New Construction and Proposed Multifamily Projects

PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 30 Terrabella 13723 Atlantic Blvd Jacksonville FL 32225 Planned 253 Beacon Hills 31 Lane Avenue 1839 Lane Avenue South Jacksonville FL 32210 Planned 120 Cedar Hills 32 Lane Avenue Collins Road & Plantation Bay Drive Jacksonville FL 32202 Planned 438 Ortega Hills 33 Calebs Cove 10325 Lem Turner Road Jacksonville FL 32218 Planned 60 Highlands 34 Eagle Landings 14670 Duval Road Jacksonville FL 32218 Planned 85 Highlands 35 Parkway Shops North Max Leggett Pkwy & Skymarks Drive Jacksonville FL 32202 Planned 300 Highlands 36 Preserve at Island Pointe, The 1000-1 Broward Ap & Broward Road Jacksonville FL 32218 Planned 192 Highlands 37 4040 Ricker Road 4040 Ricker Road Jacksonville FL 32210 Planned 60 Jacksonville Heights St. Augustine 38 Twin Creeks North Townhomes Country Road 210 & Interstate 95 Beach FL 32084 Planned 206 Bayard 39 79 Masters Drive 79 Masters Drive St. Augustine FL 32084 Planned 100 St Augustine 40 Arbors at Lightsey Road, The Lightsey Road & Timberwood Drive St. Augustine FL 32084 Planned 100 St Augustine 41 Landing at St. Augustine, The Phase II 100 Lasa Drive St Augustine FL 32084 Planned 315 St Augustine 42 Silverleaf Plantation Old County Road 210 & St. Johns Parkway St. Augustine FL 32092 Planned 210 St Augustine 43 Mills Creek Preserve Semper Fi Drive & Hwy A1A Yulee FL 32097 Planned 300 Fernandina Beach Total Planned 5,613 44 Olea at Nocatee Cross Town & Preservation Trail Jacksonville FL 32256 Prospective 175 45 San Marco Promenade Phase II 2600 Philips Hwy Jacksonville FL 32207 Prospective 226 South Jacksonville 46 Arlingwood Avenue Town Homes 8159 Arlington Expwy Jacksonville FL 32211 Prospective 191 Oakwood Villa 47 District Phase II, The 801 Broadcast Place Jacksonville FL 32207 Prospective 618 College Park/Springfield 48 District, The 21 West Church Street Jacksonville FL 32202 Prospective 100 College Park/Springfield 49 Edgewood Avenue 840 Edgewood Avenue South Jacksonville FL 32205 Prospective 101 College Park/Springfield 50 Jacksonville Jaguars Lot J NEC Gator Bowl Blvd & North Georgia Street Jacksonville FL 32202 Prospective 500 College Park/Springfield 51 Kings Avenue Station Phase II 1202 Kings Avenue Jacksonville FL 32207 Prospective 300 College Park/Springfield 52 La Villa North Jefferson Street & West Beaver Street Jacksonville FL 32202 Prospective 285 College Park/Springfield 53 LaVilla Townhomes West Forsyth Street & Johnson Street Jacksonville FL 32204 Prospective 70 College Park/Springfield 54 North Julia Street 404 North Julia Street Jacksonville FL 32202 Prospective 200 College Park/Springfield 55 Union Terminal Warehouse Redevelopment 700 East Union Street Jacksonville FL 32206 Prospective 185 College Park/Springfield 56 Vestcor LaVilla East Adams Street & Forsyth Street Jacksonville FL 32202 Prospective 70 College Park/Springfield 57 East San Marco Atlantic Blvd & Hendricks Avenue Jacksonville FL 32207 Prospective 280 San Jose 58 Park Place at San Marco 2137 Hendricks Avenue Jacksonville FL 32207 Prospective 135 San Jose

Source: Yardi Matrix Jacksonville New Construction and Proposed Multifamily Projects

PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 59 Roosevelt Square Redevelopment 4529 Roosevelt Blvd Jacksonville FL 32210 Prospective 100 San Jose 60 Amare Vita Burnt Mill Road & Gate Pkwy Jacksonville FL 32256 Prospective 208 Deerwood Club - east 61 Fusion NEC Baymeadows Road East & Homeplace Drive Jacksonville FL 32256 Prospective 384 Deerwood Club - east 62 Village Center SEC Interstate 295 & J Turner Butler Blvd Jacksonville FL 32224 Prospective 650 Deerwood Club - east 63 Beach & Kernan Beach Blvd & Kernan Blvd Jacksonville FL 32246 Prospective 198 San Pablo 64 Glen Kernan Pkwy & Hodges Blvd Glen Kernan Parkway & Hodges Blvd Jacksonville FL 32202 Prospective 970 San Pablo 65 11635 Tanager Drive 11635 Tanager Drive Jacksonville FL 32225 Prospective 100 Beacon Hills 66 Deer Run in Buck Business Park Fort Caroline Road & Merrill Road Jacksonville FL 32225 Prospective 83 Beacon Hills 67 Cedar Station 103rd Street & Harlow Blvd Jacksonville FL 32210 Prospective 120 Cedar Hills 68 Waypoint 4915 Collins Road Jacksonville FL 32244 Prospective 339 Ortega Hills Ponte Vedra 69 Garden SEC Cross Town & Valley Ridge Blvd Beach FL 32081 Prospective 250 Ponte Vedra Beach Ponte Vedra 70 Shoppes of Ponte Vedra Beach 330 Highway A1A Beach FL 32082 Prospective 250 Ponte Vedra Beach Jacksonville Neptune Beach 71 1st and 6th 1st Street North & 6th Avenue North Beach FL 32250 Prospective 50 72 Fiddler`s Reef 2781 Mayport Road Jacksonville FL 32233 Prospective 456 Mayport 73 Main Street North PUD Drury Lane & North Main Street Jacksonville FL 32218 Prospective 238 Highlands 74 Oakleaf Town Center Argyle Forest Blvd & Merchants Way Jacksonville FL 32222 Prospective 270 Jacksonville Heights 75 Saddle Brook Landings Phase II 3037 John Hancock Court Jacksonville FL 32221 Prospective 216 Jacksonville Heights 76 Harmony at Baxley Baxley Road & Country Pines Drive Middleburg FL 32068 Prospective 86 Orange Park 77 Landing, The SEC Blanding Blvd & Old Jennings Road Middleburg FL 32068 Prospective 84 Orange Park 78 RiverTown 39 Riverwalk Blvd St. Johns FL 32259 Prospective 500 Orange Park 79 Bridgewater County Road 210 & Interstate 95 Saint Augustine FL 32092 Prospective 816 Bayard 80 Greenbriar Downs Old County Road 210 & Veterans Pkwy St. Johns FL 32259 Prospective 818 Bayard 81 Pavilion at Durbin Park, The Interstate 95 & Race Track Road Jacksonville FL 32259 Prospective 999 Bayard 82 Race Track & St. Johns Pkwy Race Track Road & St. Johns Pkwy St. Augustine TX 32259 Prospective 400 Bayard 83 Springs at Flagler Center Old St Augustine Road & Philips Hwy Jacksonville FL 32258 Prospective 240 Bayard 84 Cordova Palms US Route 1 & Venetian Blvd St. Augustine FL 32095 Prospective 750 St Augustine 85 Court Theophelia 6 Court Theophelia St. Augustine FL 32084 Prospective 50 St Augustine 86 Cross County Plaza NWC South Francis Road & State Route 16 St. Augustine FL 32092 Prospective 50 St Augustine 87 Epic Village Townhomes SEC Rolling Hills Drive & Theatre Drive St. Augustine FL 32086 Prospective 188 St Augustine

Source: Yardi Matrix Jacksonville New Construction and Proposed Multifamily Projects

PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP St. Augustine 88 Hartshorn Street & West King Street Hartshorn Street & West King Street Beach FL 32084 Prospective 166 St Augustine 89 Moultrie Oaks Townhomes Moultrie Oaks Drive & Old Moultrie Road St. Augustine FL 32086 Prospective 66 St Augustine 90 Wildlight Phase II Harper Chapel Road & State Road 200 Yulee FL 32097 Prospective 721 Fernandina Beach 91 William Burgess Blvd. & Harts Road William Burgess Blvd & Harts Road Yulee FL 32097 Prospective 450 Fernandina Beach Total Prospective 14,702 TOTAL JACKSONVILLE 24,597

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