THE RELATED DIFFERENCE

$60+ Billion Real 78,500 Residential Units Focus on Gateway

Estate Portfolio 5,500 luxury condominiums , Boston, Chicago, owned and/or managed and 13,000 luxury rental apartments San Francisco, Los Angeles, under construction 60,000 affordable and workforce Washington DC, Miami/South Florida, apartments Abu Dhabi and London

Innovator in Mixed-Use 30 Million SF of Developer of Development Commercial Space Hudson Yards, New York

Hudson Yards, Time Warner Center, including retail, office and hotel the largest private real estate CityPlace, Al Maryah Central, Related development in US history, 28 acres, Santa Clara and The Grand includes 18 million SF of development EXECUTIVE TEAM

JEFF T. BLAU CEO

STEPHEN M. ROSS BRUCE A. BEAL, JR. KENNETH P. WONG Chairman and Founder President COO and Director of International Development SENIOR LEADERSHIP

CURT R. BAILEY JEFFREY I. BRODSKY L. JAY CROSS RUTH A. FERGUSON MATTHEW K. FINKLE GLENN A. GOLDSTEIN President Vice Chairman President Chief Human Resources Officer President President Related Midwest Related Companies Related Hudson Yards Related Companies Related Affordable Related Retail

KENNETH A. HIMMEL JOHN JACOBSSON FRED KNAPP BRIAN A. MAYER JENNIFER A. Mc COOL JUSTIN E. METZ President and CEO Executive Vice President Executive Vice President President Chief Legal Officer Managing Principal Related Urban Related Companies Related Management Related Management Related Companies Related Fund Management

JOANNA ROSE KIMBERLY SHERMAN STAMLER PHILIPPE B. VISSER RONALD W. WACKROW WILLIAM A. WITTE DAVID K. ZUSSMAN Executive Vice President President President Executive Vice President President Chief Financial Officer Related Companies Related Beal Related Office Development Related Companies Related California Related Companies A BRIEF HISTORY 1970s 1980s 1990s 2000s 2010s 2020s

Started Related Fund Management Led resurgence during market Built Related Rentals brand, Expanded into new asset classes: downturn; emerged as a force recognized for outstanding market rate multi-family residential, with mixed-use and Founded in 1972 by architecture, amenities office, commercial, commercial properties Stephen M. Ross and service Expanded to Boston, mixed-use London and Abu Dhabi

Hudson Yards is set to be completed Formed a joint venture in 2025 Acquired Equinox with Argent in London Won the bid to develop Entered the luxury Time Warner Center residential market Partnered with CORE, a leading real estate brokerage in Became a leading Established strategic financier and developer partnerships with an elite of affordable housing consortium of investors Introduced CityPlace in West Palm Beach, Developing Hudson Yards, a Related’s first mixed-use 28-acre, 18 million SF destination Grew Financial Services arm - debt development on the of New York and equity capital provider Expectation for Established Related Midwest continued growth in Chicago and expansion Opened the first Dog City location at MiMA

Became first residential Invested in Motivate, the leading The Related Group Opened offices Built Tribeca Green, one of the developer to introduce bicycle share operating company opened in Miami in California country’s first LEED Gold certified multi-family buildings national smoke-free initiative OFFICE LOCATIONS

LONDON BOSTON CHICAGO NEW YORK SAN FRANCISCO WASHINGTON, DC LOS ANGELES DALLAS ABU DHABI MIAMI/SOUTH FLORIDA OUR BUSINESSES

Development Operating Portfolio/ Property Management Site Acquisition/Joint Ventures

Capital Raising/Financing Luxury Rental and Condominium Office and Life Sciences Master Planning, Architecture and Design Destination / Mixed-Use Construction Management Retail and Placemaking Marketing, Leasing and Sales Affordable Housing Senior Housing

Fund Management Affordable Housing

$5+ billion of capital raised to date Development

• Opportunistic Real Estate Investments Acquisition and Preservation

• Origination and Acquisition of Debt Largest Privately Owned Portfolio in the US

• Multi-family Housing Opportunities Properties in 32 US States

• Infrastructure Luxury Residential, Aff ordable Housing Workplaces & Rental & Condo Headquarters

Retail Hotels & Resorts Destination / Mixed-Use Luxury Rental Apartments LUXURY RENTAL APARTMENTS

1214 FIFTH AVENUE 261 HUDSON 456 WASHINGTON ST 500 LAKE SHORE 89 MURRAY ARGYLE HOUSE THE ARLINGTON NEW YORK NEW YORK NEW YORK DRIVE NEW YORK NEW YORK LOS ANGELES BOSTON CHICAGO

AVERY 450 THE CALEDONIA THE EASTON THE EMERSON LANDMARK WEST LOOP THE LYRIC MIMA ONE BACK BAY SAN FRANCISCO NEW YORK NEW YORK LOS ANGELES CHICAGO NEW YORK NEW YORK BOSTON

ONE BENNETT PARK ONE CARNEGIE HILL ONE HILL SOUTH ONE HUDSON ONE UNION THE PARAMOUNT RIVERWALK CROSSING RIVERWALK POINT CHICAGO NEW YORK WASHINGTON, DC YARDS SQUARE SOUTH SAN FRANCISCO NEW YORK NEW YORK NEW YORK NEW YORK

THE SIERRA THE STRATHMORE THE TATE TRIBECA GREEN TRIBECA PARK TRIBECA TOWER THE WESTMINSTER THE WESTPORT NEW YORK NEW YORK NEW YORK NEW YORK NEW YORK NEW YORK NEW YORK NEW YORK New York | Boston | Chicago | San Francisco | Los Angeles | Washington, DC

Related Rentals provides an extraordinary living experience across its portfolio of 32 best-in-class luxury rental properties. Each building features:

Innovative Inspired amenity Superior, tailored Exclusive access Unparalleled lifestyle residences spaces service and experiences benefits Luxury Condominiums LUXURY CONDOMINIUMS

15 HUDSON YARDS 70 VESTRY 225 RECTOR 340 ON THE PARK 515 18TH ST 520 WEST 28TH NEW YORK NEW YORK NEW YORK NEW YORK CHICAGO NEW YORK NEW YORK

555 WEST 22ND ST 840 N LAKE SHORE DRIVE ASTOR PLACE THE AVERY THE BROMPTON THE CALEDONIA CARNEGIE PARK NEW YORK CHICAGO NEW YORK SAN FRANCISCO NEW YORK NEW YORK NEW YORK

THE CENTURY THE CHATHAM THE CLARENDON THE HARRISON LOVEJOY WHARF OCEAN AVENUE SOUTH ONE BENNETT PARK LOS ANGELES NEW YORK BOSTON NEW YORK BOSTON LOS ANGELES CHICAGO

ONE CARNEGIE HILL ONE CENTRAL PARK ONE MADISON THE PARK IMPERIAL RIVERWALK COURT SUPERIOR INK THE VENETO NEW YORK NEW YORK NEW YORK NEW YORK NEW YORK NEW YORK NEW YORK New York | Boston | Chicago | San Francisco | Los Angeles

World class Unmatched Inspired architecture Unrivaled Superior locations views & design amenities service Affordable & W0rkforce Housing AFFORDABLE & WORKFORCE HOUSING

ARMORY PLAZA BAYVIEW LANDING THE BEVERLY CAROUSEL PARK COLONY LAKES HAINLIN MILLS HUMBOLDT RIDGE NEW YORK CALIFORNIA MASSACHUSETTS NEW YORK FLORIDA FLORIDA ILLINOIS

HUNTER’S POINT SOUTH MANHATTAN PLAZA MARINE TERRACE NOBLE TOWER NORTH PARK OAK PARK OCEAN PARK NEW YORK NEW YORK NEW YORK CALIFORNIA NEW YORK NEW JERSEY NEW YORK

PARKWAY GARDENS SHERIDAN PARK VILLAGE AT SIERRA WALDEN POND WINCHESTER GARDENS WINDSOR-STRATFORD WOODSDALE OAKS ILLINOIS ILLINOIS CALIFORNIA FLORIDA FLORIDA CALIFORNIA FLORIDA Select Locations: New York | Connecticut | New Jersey | Illinois | California

Award-winning developments Purchase, rehabilitate & Leading developer/preserver Developed or acquired 60,000 ranging from family, senior, preserve developments that of affordable and workforce affordable and workforce urban, suburban, HOPE VI, might otherwise exit the properties in the housing units SRO and intergenerational affordable housing arena Workplaces & Headquarters WORKPLACES & HEADQUARTERS

10 HUDSON YARDS NEW YORK NEW YORK NEW YORK NEW YORK

THE 78 85 300 LAFAYETTE 360 ROSEMARY CHICAGO NEW YORK NEW YORK WEST BALM BEACH

BLANCHARD BUILDING BERTELSMAN/RANDOM HOUSE HEADQUARTERS CITYPLACE TOWER CONGRESS SQUARE NEW YORK NEW YORK WEST PALM BEACH BOSTON

CONVERSE HEADQUARTERS INNOVATION SQUARE TIME WARNER CENTER PARAGON BUILDING BOSTON BOSTON NEW YORK NEW YORK New York | Boston | Chicago | South Florida

Specializing in world class Leader in developing Incorporating latest headquarter buildings tailored Innovative design and and managing Class A technology and building to the needs of global development office space infrastructure corporations Retail RETAIL

300 LAFAYETTE BARNES & NOBLE BRONX TERMINAL MARKET CLIFTON COMMONS NEW YORK NEW YORK NEW YORK NEW JERSEY

GALLERIA AT AL MARYAH ISLAND GATEWAY CENTER THE GRAND ONE UNION SQUARE SOUTH ABU DHABI NEW YORK LOS ANGELES NEW YORK

RESTORATION HARDWARE ROSEMARY SQUARE THE SHOPS AT COLUMBUS CIRCLE THE SHOPS & RESTAURANTS AT HUDSON YARDS WEST PALM BEACH WEST PALM BEACH NEW YORK NEW YORK New York | Boston | Chicago | San Francisco | Los Angeles

Engaged in retail Properties located in the Wide array of options from Sales per SF greatly outpace Year-round community development, marketing most dynamic and favorite national stores to competing retail destinations events & promotions and leasing influential neighborhoods exclusive local brands Hotels & Resorts HOTELS & RESORTS

35 HUDSON YARDS THE COSMOPOLITAN COURTYARD MARRIOTT NEW YORK LAS VEGAS BOSTON

HILTON WEST PALM BEACH MANDARIN ORIENTAL W FORT LAUDERDALE SOUTH FLORIDA NEW YORK SOUTH FLORIDA

W SOUTH BEACH W UNION SQUARE YOTEL SOUTH FLORIDA NEW YORK NEW YORK New York | Boston | Los Angeles | Las Vegas | South Florida

Integrate unique, creative food Develop and acquire full- Work closely with world-class Focus on differentiation and beverage concepts with service luxury resort, boutique hotel brands on asset through smart programming a roster of best-in-class brands and convention center hotels management and creative design and operators Mixed-Use/ Destination MIXED-USE/DESTINATION

THE 78 AL MARYAH CENTRAL BRENT CROSS SOUTH CHICAGO ABU DHABI LONDON

THE GRAND HUDSON YARDS RELATED SANTA CLARA LOS ANGELES NEW YORK SANTA CLARA

ROSEMARY SQUARE TIME WARNER CENTER TOTTENHAM HALE WEST PALM BEACH NEW YORK LONDON New York | Chicago | California | South Florida | London | Abu Dhabi

Upscale urban complexes Expertise in creating a Often offering expansive parks, Award-winning residential, featuring retail, restaurants and sophisticated blend of private, gardens, and outdoor space for hotel and office structures entertainment/cultural venues public and commercial spaces residents and the public Hudson Yards HUDSON YARDS

EASTERN YARD

WESTERN YARD SITE PLAN The Largest Private Real Estate Development in the History of the United States

OFFICE RETAIL RESIDENTIAL HOTEL CULTURE

18MILLIONSF 14ACRES 4,000 COMMERCIAL GARDENS, PLAZAS STATE„OF„THE„ART ACRES28 & RESIDENTIAL PLAYGROUNDS RESIDENCES SPACE & PUBLIC SQUARE Strategic Affiliates

The Related Group

Florida | Dallas | Argentina | Brazil | Mexico

Leading developer of more With a current development Collaborations with creative Founded in 1979 by Jorge M. than 90,000 luxury condo, portfolio worth over $15 billion, luminaries including David Rockwell, Perez and Stephen M. Ross rental and affordable Related Group is redefining cities, Philippe Starck, Piero Lissoni, residences in South Florida skylines and lifestyles OMA | Rem Koolhaas

JORGE M. PÉREZ CHAIRMAN & CEO New Off erings Equinox Hotels

New York | Chicago | Houston | Seattle

Launching in 2019, Equinox Hotels will redefine luxury hotel experiences through innovative product delivery and precision service that masters the connection between work, play, movement, nutrition and regeneration World-class guestroom designs, Acclaimed food and beverage Elevated fitness experiences that Luxury service redefined via a featuring innovations around operators focused on iconic concepts are unrivaled in their markets positive, smart and efficient attitude sleep and regeneration with local influencer appeal Senior Living

New York | San Francisco

Establish a luxury category not Joint venture with Atria, a Entering a new market with available in the senior living market Creating a “circle-of-life” solution for nationally recognized leader in strong industry fundamentals today with best-in-class amenities, Related customers senior living operations driven by the aging population service and programming

JORGE M. PÉREZ CHAIRMAN & CEO Fund Management INVESTMENT VEHICLES / STRATEGY

Related Fund Management has raised over $5 billion to invest across various real estate strategies that leverage Related’s operating platform.

DEBT Related UBC Related Related High Yield Multi-family Related High Yield Opportunity FreddieMac Credit Preferred Credit II Strategy3 Fund, L.P. Strategy1 Strategy2 Equity Strategy4 $366 million $392 million $925 million $335 million $235 million

2010 Various 2013 2017 2015

Preferred Equity Subordinate debt Origination of first-lien Subordinate debt investments Acquisition of origination and construction loans on origination and in multifamily Freddie Mac acquisition commercial and acquisition secured value add K-Series B-piece secured by residential by transitional real opportunities, securitizations transitional real developments estate repositionings, and estate recapitalizations

EQUITY OTHER Special Related Real Related Energy Related Real RFM-NYCRS RFM Cactus Situations Estate Recovery Focused Real Estate Fund Sandy, LLC Apartments, LLC Managed Fund, L.P. Estate Fund, L.P. II, L.P. Account $310 million $306 million $825 million $70 million $1 billion $220 million

2011 2014 2015 2013 2017 2015

Acquisition of multifamily residential Acquisition of Acquisition and Acquisition of Acquisition apartment distressed notes development of under- of workforce properties with Acquisition of and real estate multifamily and performing real housing assets operational or special situation assets, commercial prop- estate assets, in New York value-add type vinvestments portfolios and erties in energy portfolios, and Region opportunities for securities markets securities long-term hold and income realization

(1) Includes FMC-MA, LLC, RFM Freddie KF06 Holdings LLC, RFM Freddie K24 Holdings LLC, RFM Freddie K58 UM, LLC, KVR LLC and RFM KJ 2015 LP (2) Includes DD-MA, LLC, Universe RE, LLC and NEC-MA, LLC (3) Includes RECS-MA and Real Estate Credit Solutions Fund II, LP (“RECS II”, a co-managed vehicle with another investment manager). Currently fundraising for RECS II. (4) Includes RFM-DCA PE, LLC and RFM-UM PE, LLC Pipeline Projects The 78

CHICAGO, IL

PROPERTY TYPE Mixed-Use

COMPLETION DATE TBD

PROPERTY SIZE 62 Acres

USES Mixed-Use – 13 million SF Residential – 10,000+ units

AMENITIES 62-acre parcel bound by Clark Street, Roosevelt Road, the Chicago River and 16th Street. Master Plan includes 15 acres of publicly accessible space, a ½ mile river walk with restaurant and retail uses, a river theater and water feature, dog parks, great lawns, and performance venues.

ARCHITECT Master Plan: Skidmore, Owings & Merrill LLP (SOM) Santa Clara

SANTA CLARA, CA

PROPERTY TYPE Mixed-Use

COMPLETION DATE TBD

PROPERTY SIZE 240 Acres

USES Retail / F&B / Entertainment - 1.2 million SF Office - 5.6 million SF Hotel - 700 keys Extended Stay - 200 Units Residential - 1,280 Units

ARCHITECT TBD Western Yards

HUDSON YARDS, NY

PROPERTY TYPE Mixed-Use

COMPLETION DATE 2025

PROPERTY SIZE 6 million square feet

USES Residential – 3,000 Units Office – 2 million SF

AMENITIES Phase II of Hudson Yards, spanning three full city blocks, from 30th Street to 33rd Street between 11th Avenue and 12th Avenue. 7 acres of public space, playgrounds, K-8 school, restaurants

ARCHITECT Master Plan: Kohn Pedersen Fox Brent Cross South

LONDON BOROUGH OF BARNET

PROPERTY TYPE Mixed-Use

COMPLETION DATE Phase I – 2027 Mega Phase A – 2035 Project – 2045

PROPERTY SIZE 10 million SF across 180 acres

USES PHASE I: Residential – 1,700 Condominiums 650 Affordable for-sale units 1,700 Rental Units Student Housing – 780 units Hotel – 1,500 keys Office – 2,800,000 SF Retail – 225,000 SF Leisure - 125,000 SF Culture – 150,000 SF

ARCHITECTS Allies & Morrison Squire and Partners Maccreanor Lavington Glen Howells Tottenham Hale

LONDON BOROUGH OF HARINGEY

PROPERTY TYPE Mixed-Use

COMPLETION DATE 2023

PROPERTY SIZE 1.2 million square feet

USES Hotel – 309 keys Retail – 176,000 NSF Residential – 113 Ultra-Premium Rentals 323 Luxury Rentals Parking – 805 spaces

ARCHITECT Gehry Partners The Grand

LOS ANGELES, CA

PROPERTY TYPE Mixed-Use

COMPLETION DATE 2021

PROPERTY SIZE 1.2 million square feet

USES Residential – 309 Condominiums 239 Affordable for-sale units 482 Rental Units Retail – 47,000 SF Office – 9,000 SF Health Center – 17,000 SF

ARCHITECTS Alford Hall Monaghan Morris Alison Brooks Pollard Thomas Edwards Ruff 400 Lake Shore Drive

CHICAGO, IL

PROPERTY TYPE Mixed-Use

COMPLETION DATE 2022

USES Residential – 600 Rental Units 300 Condominiums Parking – 800 spaces

ARCHITECT Skidmore, Owings & Merrill LLP (SOM) 725 Randolph

CHICAGO, IL

PROPERTY TYPE Mixed-Use / Equinox Hotel / Rental Apartments

COMPLETION DATE 2021

USES Residential – 370 Rental Units Hotel – 198 Keys

AMENITIES Pool, outdoor terrace, 34,000 SF Equinox fitness center, dog area and multiple restaurants.

ARCHITECT Roger Ferris + Partners 900 Randolph

CHICAGO, IL

PROPERTY TYPE Residential / Retail

COMPLETION DATE 2022

USES Retail – TBD Residential – 300 Units

ARCHITECT Morris Adjmi Architects 1001 Van Ness

SAN FRANCISCO, CA

PROPERTY TYPE Senior Living

COMPLETION DATE 2022

USES 232 Senior Residential

AMENITIES Luxury assisted living, 47 valet-operated parking spaces

ARCHITECT Handel Architects Hibiscus Tower

WEST PALM BEACH, FL

PROPERTY TYPE Mixed-Use

COMPLETION DATE 2021

PROPERTY SIZE 470,000 square feet

USES Retail – 35,500 square feet Residential – 336 Units Office – 60,000 square feet

ARCHITECT Elkus Manfredi Architects 360 Rosemary

WEST PALM BEACH, FL

PROPERTY TYPE Commercial Office

COMPLETION DATE 2020

PROPERTY SIZE 470,000 square feet

AMENITIES 2 spaces per 1,000 sf seven levels of parking, shared car parking, outdoor amenity space, on-site bicycle racks, on-site conference facility, rooftop deck, and fitness center

ARCHITECTS Elkus Manfredi Architects Leo Daly CONTACT US Related Companies 60 Columbus Circle New York, NY 10023 212.801.1000 www.related.com