Seattle New Construction & Proposed Multifamily Projects 4Q18

ID PROPERTY UNITS 1 Trailside at the Lodge 200 2 Anthology 399 3 Hyde Square 618 4 Mera 83 5 Esterra Park 323 6 Perry, The 209 69 7 Arras 279 8 Arrive 343 14 31 49 9 Grove, The 63 10 CityScape Phase II 50 46 42 11 O2 132 1 12 Sonata at Columbia Station 91 96 36 38 13 Orion 129 47 63 102 95 54 14 Paceline 221 27 84 48 15 SKY 159 99 16 Modera Jackson 160 106 103 17 Sedona Phase II 215 67 17 18 Valdok 178 37 77 79 90 19 Sitka 384 97 9 107 104 20 Cerasa 154 18 92 101 21 Danforth, The 265 66 78 93 Total Lease-Up 4,655 76 88 100 43 22 Spring Street & 8th Avenue 550 52 5 23 1200 Stewart Street 1,050 98 24 M, The 230 3 7 25 Rainier Square Redevelopment 208 51 26 4722 Fauntleroy Way SW 305 20 10 56 27 Bower, The 339 64 28 1120 1,128 55 89 29 Jackson 532 30 Marquee on Meeker 288 31 Shoreline 243 75 32 Stream Dexios 80 33 Avalon Newcastle Phase II 293 34 Waterview Crossing 326 35 Capitol Hill TOD Site C 94 65 36 Alexan Central Park 193 37 Iron Flats 289 38 Bear Creek 360 74 Boulevard Place 292 74 39 408 Aurora Avenue North 78 75 18727 Blueberry Lane 112 40 Madison Plaza 157 76 743 North 35th Street 56 41 Stazione:25, The 301 77 Track 66 78 42 Edge, The 105 78 Roosevelt 114 43 Esterra Park Blocks 5, 6A and 9 664 79 Vida 201 44 800 5th Avenue North 68 80 10 Clay 62 45 Vintage at Seatac 170 81 Avalon Belltown Towers 275 46 Modera Redmond 300 82 Vale 110 32 47 3310 NE 125th Street 150 83 Avaya Ridge 74 48 Village at Totem Lake 201 84 Northgate Eighth 139 49 Woodin Creek Village Phase II 316 85 Cypress 237 15 50 Whitworth 54 86 Muir 135 62 44 51 AMLI Spring District 204 87 Issaquah Gateway Senior 146 26 41 87 4 73 33 2 52 Crossroads Senior Living 185 88 Robin's Nest 61 12 82 94 72 57 53 600 East Howell Street 76 89 B2 165 39 68 54 Blackbird 165 90 Uptown 185 19 108 13 55 Bellevue Parkside 136 91 Metro Line Flats 75 28 50 56 Brio 258 92 Vitality on 17th 94 70 23 53 35 71 57 403 Dexter Avenue North 98 93 U20 64 59 83 81 58 701 16th Avenue 50 94 Zella 128 80 11 8 60 59 Marvelle Southcenter 166 95 Lane 217 45 60 14th & Madison 137 96 Mysa 117 34 21 61 Anew Broadway 86 97 Valdok II 157 40 25 6 62 Luna 108 98 3040 244 30 22 58 63 Talisman 286 99 Alexan Marymoor 227 61 64 Eight Eighty-Eight 158 100 Werner, The 59 105 65 Westgate Village 91 101 Arion 98 91 66 4025 Stone Way North 59 102 Cubix North Park 108 85 67 7011 Roosevelt Way NE 57 103 Lucille on Roosevelt 106 68 Marlowe 181 104 Brooklyn Flats, The 55 LEGEND 16 29 69 Arabella II 107 105 Broadstone Saxton 350 Lease-Up 70 Alexan 100 164 106 Woodland 85 Under Construction 86 71 2100 East Madison 50 107 aPODment Suites @ Giardino 62 72 Helm 81 108 2nd & John 80 Planned 73 Foundry, The 118 Total Under Construction 16,861 Prospective 10 mi Source: Yardi Matrix New Construction & Proposed Multifamily Projects 4Q18

ID PROPERTY UNITS 109 3214 Broadway 140 110 Everett Waterfront 266 111 Riverview 203 124 112 Allegro at Ash Creek 114 113 Greater Residence 123 114 Avalon North Creek 316 115 Affinity at Arlington 170 119 126 116 Alexan Shoreline 309 117 Bothell Way 200 118 Lifebridge 410 119 10540 Greenwood Avenue North 62 122 123 120 320 North 85th Street 203 121 120 121 8501-8521 15th Avenue NW 114 134 122 8612 Palatine Avenue North 141 130 123 8829 Roosevelt Way NE 72 115 136 143 124 Artisan, The 172 133 144 138 132 145 125 Lake City Way 170 129 140 141 126 Northgate 235 146 127 127 1501 NW 59th Street 53 128 128 1740 NW Market Street 50 208 129 6416 15th Avenue NW 60 131 142 147 137 130 8311 15th Avenue NW 83 139 131 4555 Roosevelt Way NE 168 135 132 6860 East Green Lake Way North 59 133 7001 Roosevelt Way NE 54 110 134 8403 Greenwood Avenue North 70 183 104 12th Avenue 282 111 135 Broadstone Stone Way 143 184 Anew Broadway Phase II 114 109 136 Green Lake North 133 185 Jackson & 26th 77 137 Grove, The 51 186 Rainier 185 138 Phinney Flats 59 187 Sound Flats 78 139 Sora - University District 52 188 Marketplace, The 331 140 Theo 79 189 Quendall Terminals 692 141 1300 NE 65th Street 165 190 Inneswood 93 142 4710 20th Avenue NE 52 191 4508 California Avenue SW 79 113 143 Block 3A 131 192 4800 Erskine Way SW 65 112 144 Brooklyn 77 193 Lam Bow Phase II 50 114 145 Centerline 235 194 1405 South Bayview Street 67 146 Luxe II 52 195 5721 - 5722 35th Avenue South 290 147 Union Bay Place 98 196 2016 23rd Avenue South 100 116 148 Esterra Park Block 10 263 197 3421 Rainier Avenue South 73 125 117 149 LMC Marymoor 433 198 5201 Rainier Avenue South 107 153 212 152 150 Modera River Trail 250 199 6901 Martin Luther King Jr Way South 141 151 Redmond Way Flats 102 200 Link Mt. Baker 156 118 152 Totem Lake 134 201 Sonata West 98 153 Interbay 93 202 Barton Terrace 66 161 151 154 1110 Dexter Avenue North 85 203 Marques 183 150 149 155 1405 -1415 Dexter Avenue North 167 204 VIA 405 270 209 156 215 1st Avenue North 68 205 Kent Midway 265 166 148 157 400 Roy 65 206 64th Avenue South & West Meeker Street 327 165 219 158 Niwa 127 207 Traditions at Federal Way 200 163 187 220 159 1320 East Pine Street 79 208 Residences at U-Village 229 164 183 185 221 209 2031 Westlake 71 155 160 225 Harvard Avenue East 71 222 194 188 186 200 161 2334 Franklin Avenue East 56 210 417 2nd Avenue West 97 199 195 196 197 154 162 953 East Union Street 55 211 Center Steps 269 191 198 190 163 ELEV8 423 212 Ross Town Flats 64 201 192 189 164 Four 106 Phase I 326 213 Capitol Hill TOD Site A 150 193 157 165 Plaza Residential 260 214 Capitol Hill TOD Site B South 74 202 211 215 Modera Broadway 228 158 166 SummerHill BelRed 250 210 173 168 167 1101 Western Avenue 325 216 1165-1175 Harrison Street 80 223 204 177 216 168 1170 Republican 110 217 3rd & Virginia 453 156 160 178 213 169 1800 Terry Avenue 428 218 707 Terry Avenue 488 171 214 170 1901 Minor Avenue 940 219 1020 South Main Street 214 172 176 170 181 215 171 2014 Fairview Avenue 437 220 First Central Station 369 180 169 159 172 307 Broad 149 221 Yesler Terrace Block 4 280 203 174 182 173 427 9th Avenue North 242 222 Beacon Hill 65 205 206 175 223 Tukwila Village Phase II 210 179 162 174 5th & Lenora 463 217 175 5th & Virginia 431 Total Planned 22,593 176 8 Tower 286 207 177 901 Harrison Street 292 LEGEND 178 9th & John 278 Lease-Up 218 179 Altitude Residences 236 184 Under Construction 167 180 BB6 936 181 Block V 609 Planned 182 Crosby Capitol Hill 50 Prospective 10 mi Source: Yardi Matrix

a Berkshire Hathaway and Jefferies Financial Group company Seattle New Construction & Proposed Multifamily Projects 4Q18

ID PROPERTY UNITS 304 1700 132nd Avenue NE 355 385 209 12th Avenue South 335 224 18631 Alderwood Mall Pkwy 349 305 1000 Virginia Street 435 386 Midtown Center 429 225 Evergreen Village 231 306 1314 Denny Way 480 387 Modera First Hill 290 236 375 226 Harmony 70 307 1370 Stewart Street 340 388 South Washington Street & Yesler Way 365 238 227 Point Wells Urban Center 250 308 1412 1st Avenue 442 389 Atlas, The 98 228 Andorra Estates 84 309 1916 Boren Avenue 534 390 Beacon Crossing 97 229 Andorra Estates Phase II 240 310 2121 5th Avenue 136 391 Grand Street Commons 700 230 Paradise Lake Road Garden 360 311 222 Dexter Avenue North 100 392 Tower Steps 312 239 231 Weaver Road Senior 100 312 223 Taylor Avenue North 226 393 3235 Rainier Avenue South 112 232 Sears Redevelopment 1,300 313 3 + V 340 394 3717 South Alaska 243 376 235 233 14001 Lake City Way NE 69 314 3031 Western Avenue 100 395 7350 Martin Luther King Jr Way South 80 234 209 North 87th Street 52 315 4th & Bell Tower 287 396 Cubix Othello 85 235 9731 Greenwood Avenue North 54 316 4th & Columbia 1,020 397 Sunset Terrace Redevelopment Phase II 226 374 236 Caspian, The 252 317 500 South Jackson Street 200 Total Prospective 35,769 237 Lake City 73 318 508 Denny Way 180 242 250 238 Natural Lofts 99 319 601 Aurora Avenue North 123 239 Turin 65 320 815 Western Avenue 150 LEGEND 240 1100 NW 54th Street 70 243 247 251 377 321 Belltown 307 Lease-Up 241 2417 NW Market Street 171 322 Belltown 36 325 252 249 270 268 242 Crown Hill 54 323 Belltown Tower 458 Under Construction 265 263 262 243 Nesttun 163 324 Block 48 464 Planned 241 266 240 257 261 269 244 Ponte 101 325 Block 56 North 90 264 255 Prospective 244 258 245 3421 Woodland Park Avenue North 85 326 Block 56 South 294 248 260 254 267 246 4048 7th Avenue NE 80 327 Boren + Lenora 425 256 259 247 444 NE Ravenna Blvd 116 328 Mercer Blocks, Block 37 218 246 248 4711 Aurora Avenue North 58 329 Residence 2218 111 253 249 6501 Roosevelt Way NE 126 330 Seattle Times Building 433 285 293 250 7903-7911 Greenwood Avenue North 57 331 St. Johns 430 245 251 Fireside Flats 102 332 Tommie Residences, The 90 292 252 Rise on Sixty-Seventh 188 333 1100 Boylston Avenue 350 253 Winslow Court 147 334 1103 Summit Avenue 91 282 254 1200 NE 45th Street 227 335 815 9th Avenue 276 231 255 1200 NE 50th Street 55 336 Convention Center Site B 409 256 4212 Roosevelt Way NE 200 337 Esker 71 257 4510 11th Avenue NE 201 338 Knights of Columbus Redevelopment 50 258 4512 11th Avenue NE 101 339 12M 161 259 4515 Brooklyn Avenue NE 221 340 16th Avenue 88 226 281 260 4732 Brooklyn Avenue NE 100 341 19th & Madison 160 261 5228 15th Avenue NE 57 342 216 10th Avenue 111 225 224 262 5229 University Way NE 60 343 City People's Redevelopment 76 279 263 5300 Roosevelt Way NE 55 344 SpringHill Suites 123 229 230 287 264 Montclaire Flats 67 345 Marketplace Phase II, The 354 288 286 228 278 295 265 Rhythm 129 346 Cedar River 212 227 237 319 328 232 280 325 343 266 Standard, The 450 347 River Run 130 233 382 267 Trailside Redevelopment 268 348 3039 SW Avalon Way 71 277 284 326 294 330 331 268 University 5039 51 349 4501 38th Avenue SW 110 276 283 312 311 307 324 327 269 University Village 250 350 4800 40th Avenue SW 67 318 381 309 306 289 378 270 University Way 59 351 7617 35th Avenue SW 50 380 314 322 315 305 291 341 321 271 312 Central Way 72 352 Braseth 42nd 77 272 379 332 337 290 340 272 Lake Street Place 150 353 California Avenue SW & SW Edmonds Street 82 310 274 275 329 323 336 338 273 2200 148th Avenue NE 500 354 Golden Tee 150 303 313 386 274 Redmond City Center 421 355 Junction Landing 62 298 273 333 275 Redmond Town Center 580 356 1801 Rainier Avenue South 186 297 301 302 304 334 276 Village at Totem Lake Phase II 650 357 5227 Martin Luther King Jr Way South 52 300 299 308 335 277 Woodinville Wine Village 100 358 5949 36th Avenue South 55 296 278 100 Roy Street Redevelopment 172 359 Colina East 95 342 279 1115 Dexter Avenue North 170 360 North Beacon Hills 89 345 320 316 348 354 365 387 280 118 West Mercer Street 61 361 2019 24th Avenue South 67 388 281 1601 Dexter Avenue North 65 362 4009 South Willow Street 53 349 350 355 339 357 363 394 317 385 282 2100 Queen Anne Avenue North 250 363 4221 37th Avenue South 55 351 352 384 358 367 395 383 283 320 Queen Anne Avenue North 59 364 Cloverdale 58 389 344 353 362 368 396 284 413 3rd Avenue West 58 365 Columbia City 80 397 285 609 West Nickerson Street 70 366 Genoa Apodments 139 364 346 392 286 701 Valley Street 161 367 Path Othello Buildings A & B 435 347 287 811 5th Avenue North 65 368 Thistle Court 57 288 Roystone 95 369 Talus 380 370 289 102 Harvard Avenue East 108 370 Waynes Place 78 356 391 290 1208 East Olive Street 61 371 Marquee on Meeker Phase II 204 366 291 1833 Broadway 50 372 103 South Division Street 240 369 361 292 2517 Eastlake Avenue East 220 373 Auburn Senior Living 161 371 390 293 3138 Fairview Avenue East 103 374 8704 Greenwood Avenue North 270 360 294 420 Boylston Avenue East 58 375 Lake City Way NE 350 359 295 Bellview 58 376 Northgate Equitable Transit Oriented Development 600 296 10777 Main Street 135 377 Corner 63 141 297 606 106th Avenue NE 100 378 434 Kirkland Way 173 298 Cadillac Site Phase I & II 295 379 Continental Divide 133 372 393 299 Four 106 Phase II 200 380 Rose Hill 740 300 Four 106 Phase III 100 381 303 Battery Street 104 301 1215 120th Avenue NE 420 382 Waverly, The 374 302 1215 120th Avenue NE Phase II 250 383 1029 South Jackson Street 320 303 12863 Northup Way 430 384 12th & Jackson 280 10 mi Source: Yardi Matrix

a Berkshire Hathaway and Jefferies Financial Group company Seattle New Construction & Proposed Multifamily Projects

FORECASTED ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMIT DATE START OF COMPLETION DATE RENT-UP 1 Trailside at the Lodge 17500 25th Avenue NE Marysville WA 98271 Lease-Up 200 Marysville/Monroe 02/15/2018 07/31/2019 10/17/2018 2 Anthology 1610 Anthology Avenue NW Issaquah WA 98027 Lease-Up 399 Issaquah 04/01/2016 05/31/2019 08/15/2018 3 Hyde Square 2030 155th Place NE Bellevue WA 98007 Lease-Up 618 Bellevue-East 07/01/2016 05/31/2019 04/04/2018 4 Mera 630 Boren Avenue North Seattle WA 98109 Lease-Up 83 Belltown 09/01/2017 04/30/2019 12/14/2018 5 AVA Esterra Park 15301 NE Turing Street Redmond WA 98052 Lease-Up 323 Redmond 05/01/2017 03/31/2019 11/09/2018 6 Perry, The 1001 Minor Avenue Seattle WA 98104 Lease-Up 209 First Hill 07/01/2017 03/31/2019 10/20/2018 7 Arras 12282 NE 12th Lane Bellevue WA 98005 Lease-Up 279 Bellevue-East 07/01/2017 02/28/2019 12/17/2018 8 Arrive 2116 4th Avenue Seattle WA 98121 Lease-Up 343 Belltown 12/01/2016 02/28/2019 11/01/2018 9 Grove, The 6301 15th Avenue NW Seattle WA 98107 Lease-Up 63 Ballard 09/01/2017 02/28/2019 09/15/2018 10 CityScape Phase II 512 121st Place NE Bellevue WA 98005 Lease-Up 50 Bellevue-East 03/01/2017 01/31/2019 11/01/2018 11 O2 2401 3rd Avenue Seattle WA 98121 Lease-Up 132 Belltown 09/15/2017 01/31/2019 11/01/2018 12 Sonata at Columbia Station 3000 South Alaska Street Seattle WA 98108 Lease-Up 91 Beacon Hill 04/01/2017 01/31/2019 11/01/2018 13 Orion 910 John Street Seattle WA 98109 Lease-Up 129 Belltown 12/15/2016 01/31/2019 10/01/2018 14 Paceline 17202 Aurora Avenue North Shoreline WA 98133 Lease-Up 221 Shoreline 04/01/2017 01/31/2019 09/01/2018 15 SKY 22526 SE 4th Street Sammamish WA 98074 Lease-Up 159 Issaquah 05/01/2017 01/31/2019 09/01/2018 16 Modera Jackson 1801 South Jackson Street Seattle WA 98144 Lease-Up 160 Central 05/01/2017 01/31/2019 07/14/2018 17 Sedona Phase II 8520 20th Avenue NE Seattle WA 98115 Lease-Up 215 North Seattle 06/01/2017 12/31/2018 10/12/2018 18 Valdok 1701 NW 56th Street Seattle WA 98107 Lease-Up 178 Ballard 10/01/2016 12/31/2018 09/01/2018 19 Sitka 1255 Harrison Street Seattle WA 98109 Lease-Up 384 Belltown 09/01/2016 12/31/2018 08/24/2018 20 Cerasa 10961 NE 2nd Place Bellevue WA 98004 Lease-Up 154 Bellevue-West 11/15/2016 12/31/2018 06/01/2018 21 Danforth, The 1425 Spring Street Seattle WA 98104 Lease-Up 265 First Hill 08/01/2016 12/31/2018 05/05/2018 TOTAL LEASE-UP 4,655 22 Spring Street & 8th Avenue 1101 8th Avenue Seattle WA 98101 Under Construction 550 First Hill 09/24/2018 03/31/2021 23 1200 Stewart Street 1200 Stewart Street Seattle WA 98101 Under Construction 1,050 Belltown 07/01/2018 02/28/2021 24 M, The 4700 Brooklyn Avenue NE Seattle WA 98105 Under Construction 230 University 11/15/2018 12/31/2020 25 Rainier Square Redevelopment SEC 4th Avenue & Union Street Seattle WA 98101 Under Construction 208 Belltown 08/01/2018 12/31/2020 26 4722 Fauntleroy Way SW 4722 Fauntleroy Way SW Seattle WA 98116 Under Construction 305 West Seattle 08/01/2018 11/30/2020 27 Bower, The 11811 NE 128th Street Kirkland WA 98034 Under Construction 339 Woodinville/Totem Lake 05/15/2018 11/30/2020 28 1120 Denny Way Seattle WA 98109 Under Construction 1,128 Belltown 05/01/2017 08/31/2020 29 Jackson 2309 South Jackson Street Seattle WA 98144 Under Construction 532 Central 03/01/2018 06/30/2020 30 Marquee on Meeker 2030 West Meeker Street Kent WA 98032 Under Construction 288 Kent 06/15/2018 05/31/2020 31 Shoreline 17233 15th Avenue NE Shoreline WA 98155 Under Construction 243 Shoreline 10/01/2018 04/30/2020 32 Stream Dexios 1600 Dexter Avenue North Seattle WA 98109 Under Construction 80 Queen Anne 07/11/2018 04/30/2020 33 Avalon Newcastle Phase II 13398 Newcastle Commons Drive Newcastle WA 98059 Under Construction 293 Factoria 09/17/2018 04/30/2020 34 Waterview Crossing 2810 South 220th Street Des Moines WA 98198 Under Construction 326 Des Moines 06/01/2018 04/30/2020 35 Capitol Hill TOD Site C 1830 Broadway Seattle WA 98122 Under Construction 94 Capitol Hill/Eastlake 08/01/2018 04/30/2020 36 Alexan Central Park 16160 NE 80th Street Redmond WA 98052 Under Construction 193 Redmond 10/01/2017 03/31/2020 37 Iron Flats 814 NE 66th Street Seattle WA 98115 Under Construction 289 Greenlake/Wallingford 08/01/2018 03/31/2020 38 Bear Creek 15806 Bear Creek Pkwy Redmond WA 98052 Under Construction 360 Redmond 06/15/2018 03/31/2020 39 408 Aurora Avenue North 408 Aurora Avenue North Seattle WA 98109 Under Construction 78 Belltown 12/01/2018 02/29/2020 40 Madison Plaza 102 Madison Avenue Kent WA 98032 Under Construction 157 Kent 09/15/2018 01/31/2020 41 Stazione:25, The 2615 25th Avenue South Seattle WA 98144 Under Construction 301 Beacon Hill 03/15/2018 01/31/2020 42 Edge, The 8336 165th Avenue NE Redmond WA 98052 Under Construction 105 Redmond 05/01/2018 12/31/2019 43 Esterra Park Blocks 5, 6A and 9 SWC 156th Avenue NE & NE Turing Street Redmond WA 98052 Under Construction 664 Redmond 09/15/2017 12/31/2019 44 800 5th Avenue North 800 5th Avenue North Seattle WA 98109 Under Construction 68 Queen Anne 09/01/2018 12/31/2019 45 Vintage at Seatac 21212 International Blvd SeaTac WA 98198 Under Construction 170 Seatac 09/01/2018 12/31/2019 46 Modera Redmond 8709 161st Avenue NE Redmond WA 98052 Under Construction 300 Redmond 10/15/2017 12/31/2019 47 3310 NE 125th Street 3310 NE 125th Street Seattle WA 98125 Under Construction 150 North Seattle 07/01/2018 11/30/2019 48 Village at Totem Lake 12601 120th Avenue NE Kirkland WA 98034 Under Construction 201 Woodinville/Totem Lake 01/03/2018 11/30/2019 49 Woodin Creek Village Phase II 17300 135th Avenue NE Woodinville WA 98072 Under Construction 316 Woodinville/Totem Lake 09/01/2017 11/30/2019 50 Whitworth 1619 East John Street Seattle WA 98112 Under Construction 54 Capitol Hill/Eastlake 08/01/2018 11/30/2019 51 AMLI Spring District 1375 121st Avenue NE Bellevue WA 98005 Under Construction 204 Bellevue-East 01/15/2018 11/30/2019 52 Crossroads Senior Living 1390 158th Place NE Bellevue WA 98008 Under Construction 185 Redmond 02/01/2018 11/30/2019 53 600 East Howell Street 600 East Howell Street Seattle WA 98122 Under Construction 76 Capitol Hill/Eastlake 11/12/2018 11/30/2019 54 Blackbird 7635 159th Place NE Redmond WA 98052 Under Construction 165 Redmond 02/01/2018 10/31/2019 55 Bellevue Parkside 25 102nd Avenue NE Bellevue WA 98004 Under Construction 136 Bellevue-West 03/15/2018 10/31/2019 56 Brio 1021 112th Avenue NE Bellevue WA 98004 Under Construction 258 Bellevue-West 10/09/2017 10/31/2019 57 403 Dexter Avenue North 403 Dexter Avenue North Seattle WA 98109 Under Construction 98 Belltown 07/09/2018 10/31/2019 58 701 16th Avenue 701 16th Avenue Seattle WA 98122 Under Construction 50 Central 09/15/2018 10/31/2019 59 Marvelle Southcenter 415 Baker Blvd Tukwila WA 98188 Under Construction 166 Riverton/Tukwila 06/25/2018 10/31/2019 60 14th & Madison 1401 East Madison Street Seattle WA 98122 Under Construction 137 Capitol Hill/Eastlake 02/22/2018 09/30/2019 61 Anew Broadway 510 Broadway Seattle WA 98122 Under Construction 86 Central 10/19/2018 09/30/2019 62 Luna 2719 California Avenue SW Seattle WA 98116 Under Construction 108 West Seattle 01/17/2018 09/30/2019 63 Talisman 7405 168th Avenue NE Redmond WA 98052 Under Construction 286 Redmond 09/01/2017 08/31/2019 64 Eight Eighty-Eight 888 108th Avenue NE Bellevue WA 98004 Under Construction 158 Bellevue-West 10/15/2017 08/31/2019 65 Westgate Village 10032 Edmonds Way Edmonds WA 98020 Under Construction 91 Edmonds 07/01/2018 07/31/2019 66 4025 Stone Way North 4025 Stone Way North Seattle WA 98103 Under Construction 59 Greenlake/Wallingford 06/11/2018 07/31/2019 67 7011 Roosevelt Way NE 7011 Roosevelt Way NE Seattle WA 98115 Under Construction 57 Greenlake/Wallingford 06/01/2018 07/31/2019 68 Marlowe 1146 Harrison Street Seattle WA 98109 Under Construction 181 Belltown 08/01/2017 07/31/2019 69 Arabella II 1215 North 180th Street Shoreline WA 98133 Under Construction 107 Shoreline 11/15/2017 06/30/2019 70 Alexan 100 100 Denny Way Seattle WA 98109 Under Construction 164 Queen Anne 04/01/2017 06/30/2019 71 2100 East Madison 2100 East Madison Street Seattle WA 98112 Under Construction 50 Capitol Hill/Eastlake 01/08/2018 06/30/2019 72 Helm 602 Terry Avenue North Seattle WA 98109 Under Construction 81 Belltown 11/01/2017 06/30/2019 73 Foundry, The 4754 Fauntleroy Way SW Seattle WA 98116 Under Construction 118 West Seattle 01/02/2018 06/30/2019 74 Boulevard Place 18221 Bothell Way NE Bothell WA 98011 Under Construction 292 Bothell 07/01/2017 06/30/2019 75 18727 Blueberry Lane 18727 Blueberry Lane Monroe WA 98272 Under Construction 112 Marysville/Monroe 12/01/2017 05/31/2019 76 743 North 35th Street 743 North 35th Street Seattle WA 98103 Under Construction 56 Greenlake/Wallingford 07/15/2018 05/31/2019 77 Track 66 836 NE 66th Street Seattle WA 98115 Under Construction 78 Greenlake/Wallingford 03/15/2018 05/31/2019 78 Roosevelt 4218 Roosevelt Way NE Seattle WA 98105 Under Construction 114 University 05/01/2018 05/31/2019 79 Vida 6516 12th Avenue NE Seattle WA 98115 Under Construction 201 University 10/01/2017 05/31/2019 80 10 Clay 10 Clay Street Seattle WA 98121 Under Construction 62 Belltown 09/15/2017 05/31/2019 Source: Yardi Matrix Seattle New Construction & Proposed Multifamily Projects

FORECASTED ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMIT DATE START OF COMPLETION DATE RENT-UP 81 Avalon Belltown Towers 210 Wall Street Seattle WA 98121 Under Construction 275 Belltown 07/01/2017 05/31/2019 82 Vale 955 7th Avenue NW Issaquah WA 98027 Under Construction 110 Issaquah 12/21/2017 05/31/2019 83 Avaya Ridge 10615 SE 172nd Street Renton WA 98055 Under Construction 74 Renton 06/01/2018 05/31/2019 84 Northgate Eighth 10711 8th Avenue NE Seattle WA 98125 Under Construction 139 North Seattle 08/15/2017 05/31/2019 85 Cypress 120 Broadway Seattle WA 98122 Under Construction 237 Central 10/15/2017 05/31/2019 86 Muir 718 Rainier Avenue South Seattle WA 98144 Under Construction 135 Central 10/01/2017 05/31/2019 87 Issaquah Gateway Senior 2450 Newport Way NW Issaquah WA 98027 Under Construction 146 Issaquah 01/15/2018 05/31/2019 88 Robin's Nest 3272 Fuhrman Avenue East Seattle WA 98102 Under Construction 61 Capitol Hill/Eastlake 03/04/2018 04/30/2019 89 B2 10625 Main Street Bellevue WA 98004 Under Construction 165 Bellevue-West 08/01/2017 04/30/2019 90 Uptown 6th Street & Central Way Kirkland WA 98033 Under Construction 185 Kirkland 10/03/2016 04/30/2019 91 Metro Line Flats 915 East Spruce Street Seattle WA 98122 Under Construction 75 Central 09/15/2017 04/30/2019 92 Vitality on 17th 5512 17th Avenue NW Seattle WA 98107 Under Construction 94 Ballard 03/15/2018 03/31/2019 93 U20 4536 20th Avenue NE Seattle WA 98105 Under Construction 64 University 02/01/2018 03/31/2019 94 Zella 203 West Republican Street Seattle WA 98119 Under Construction 128 Queen Anne 10/01/2017 03/31/2019 95 Lane 10720 5th Avenue NE Seattle WA 98125 Under Construction 217 North Seattle 02/01/2017 02/28/2019 96 Mysa 3025 NE 130th Street Seattle WA 98125 Under Construction 117 North Seattle 02/01/2017 02/28/2019 97 Valdok II 1702 NW 56th Street Seattle WA 98107 Under Construction 157 Ballard 08/15/2017 02/28/2019 98 3040 3040 148th Avenue NE Redmond WA 98052 Under Construction 244 Redmond 03/01/2017 02/28/2019 99 Alexan Marymoor 6499 East Lake Sammamish Pkwy NE Redmond WA 98052 Under Construction 227 Redmond 11/01/2016 02/28/2019 100 Werner, The 3046 17th Avenue West Seattle WA 98119 Under Construction 59 Magnolia 11/01/2017 02/28/2019 101 Arion 4230 11th Avenue NE Seattle WA 98105 Under Construction 98 University 01/27/2016 02/28/2019 102 Cubix North Park 1008 North 109th Street Seattle WA 98133 Under Construction 108 North Seattle 01/15/2017 01/31/2019 103 Lucille on Roosevelt 6717 Roosevelt Way NE Seattle WA 98115 Under Construction 106 Greenlake/Wallingford 05/31/2017 01/31/2019 104 Brooklyn Flats, The 1222 NE 65th Street Seattle WA 98115 Under Construction 55 University 09/15/2017 01/31/2019 105 Broadstone Saxton 520 Terry Avenue Seattle WA 98104 Under Construction 350 First Hill 11/01/2016 01/31/2019 106 Woodland 9039 Greenwood Avenue North Seattle WA 98103 Under Construction 85 North Seattle 06/01/2017 12/31/2018 107 aPODment Suites @ Giardino 1514 NW 52nd Street Seattle WA 98107 Under Construction 62 Ballard 10/01/2017 12/31/2018 108 2nd & John 200 2nd Avenue West Seattle WA 98119 Under Construction 80 Queen Anne 11/01/2017 12/31/2018 TOTAL UNDER CONSTRUCTION 16,861 109 3214 Broadway 3214 Broadway Everett WA 98201 Planned 140 Central Everett 110 Everett Waterfront 1300 West Marine View Drive Everett WA 98201 Planned 266 Central Everett 111 Riverview 1622 East Marine View Drive Everett WA 98201 Planned 203 Central Everett 112 Allegro at Ash Creek 16617 Ash Way Lynnwood WA 98037 Planned 114 Lynnwood 113 Greater Residence 16224 Meadow Road Lynnwood WA 98087 Planned 123 Mill Creek 114 Avalon North Creek 19720 Bothell Everett Hwy Bothell WA 98012 Planned 316 Thrashers Corner 115 Affinity at Arlington 172nd Street NE & Smokey Point Blvd Arlington WA 98223 Planned 170 Marysville/Monroe 116 Alexan Shoreline 15560 Westminster Way North Shoreline WA 98133 Planned 309 Shoreline 117 Bothell Way 18107 98th Avenue NE Bothell WA 98011 Planned 200 Bothell 118 Lifebridge 11725 NE 118th Street Kirkland WA 98034 Planned 410 Juanita 119 10540 Greenwood Avenue North 10540 Greenwood Avenue North Seattle WA 98133 Planned 62 North Seattle 120 320 North 85th Street 320 North 85th Street Seattle WA 98103 Planned 203 North Seattle 121 8501-8521 15th Avenue NW 8501 15th Avenue NW Seattle WA 98117 Planned 114 North Seattle 122 8612 Palatine Avenue North 8612 Palatine Avenue North Seattle WA 98103 Planned 141 North Seattle 123 8829 Roosevelt Way NE 8829 Roosevelt Way NE Seattle WA 98115 Planned 72 North Seattle 124 Artisan, The 12706 33rd Avenue NE Seattle WA 98125 Planned 172 North Seattle 125 Lake City Way 14040 Lake City Way NE Seattle WA 98125 Planned 170 North Seattle 126 Northgate 10700 5th Avenue NE Seattle WA 98125 Planned 235 North Seattle 127 1501 NW 59th Street 1501 NW 59th Street Seattle WA 98107 Planned 53 Ballard 128 1740 NW Market Street 1740 NW Market Street Seattle WA 98107 Planned 50 Ballard 129 6416 15th Avenue NW 6416 15th Avenue NW Seattle WA 98107 Planned 60 Ballard 130 8311 15th Avenue NW 8311 15th Avenue NW Seattle WA 98117 Planned 83 Ballard 131 4555 Roosevelt Way NE 4555 Roosevelt Way NE Seattle WA 98105 Planned 168 Greenlake/Wallingford 132 6860 East Green Lake Way North 6860 East Green Lake Way North Seattle WA 98115 Planned 59 Greenlake/Wallingford 133 7001 Roosevelt Way NE 7001 Roosevelt Way NE Seattle WA 98115 Planned 54 Greenlake/Wallingford 134 8403 Greenwood Avenue North 8403 Greenwood Avenue North Seattle WA 98103 Planned 70 Greenlake/Wallingford 135 Broadstone Stone Way 4106 Stone Way North Seattle WA 98103 Planned 143 Greenlake/Wallingford 136 Green Lake North 420 NE 72nd Street Seattle WA 98115 Planned 133 Greenlake/Wallingford 137 Grove, The 1216 North 42nd Street Seattle WA 98103 Planned 51 Greenlake/Wallingford 138 Phinney Flats 6726 Greenwood Avenue North Seattle WA 98103 Planned 59 Greenlake/Wallingford 139 Sora - University District 4239 8th Avenue NE Seattle WA 98105 Planned 52 Greenlake/Wallingford 140 Theo 815 NE 66th Street Seattle WA 98115 Planned 79 Greenlake/Wallingford 141 1300 NE 65th Street 1300 NE 65th Street Seattle WA 98115 Planned 165 University 142 4710 20th Avenue NE 4710 20th Avenue NE Seattle WA 98107 Planned 52 University 143 Block 3A 6502 15th Avenue NE Seattle WA 98115 Planned 131 University 144 Brooklyn 1309 NE 66th Street Seattle WA 98115 Planned 77 University 145 Centerline 6505 15th Avenue NE Seattle WA 98115 Planned 235 University 146 Luxe II 1403 NE 65th Street Seattle WA 98115 Planned 52 University 147 Union Bay Place 4600 Union Bay Place NE Seattle WA 98105 Planned 98 University 148 Esterra Park Block 10 2651 156th Avenue NE Redmond WA 98052 Planned 263 Redmond 149 LMC Marymoor 17611 NE 70th Street Redmond WA 98052 Planned 433 Redmond 150 Modera River Trail 15801 NE 85th Street Redmond WA 98052 Planned 250 Redmond 151 Redmond Way Flats 16760 Redmond Way Redmond WA 98052 Planned 102 Redmond 152 Totem Lake 11903 NE 128th Street Kirkland WA 98034 Planned 134 Woodinville/Totem Lake 153 Interbay 3008 16th Avenue West Seattle WA 98119 Planned 93 Magnolia 154 1110 Dexter Avenue North 1110 Dexter Avenue North Seattle WA 98109 Planned 85 Queen Anne 155 1405 -1415 Dexter Avenue North 1405 Dexter Avenue North Seattle WA 98109 Planned 167 Queen Anne 156 215 1st Avenue North 215 1st Avenue North Seattle WA 98109 Planned 68 Queen Anne 157 400 Roy 400 Roy Street Seattle WA 98109 Planned 65 Queen Anne 158 Niwa 513 1st Avenue North Seattle WA 98109 Planned 127 Queen Anne 159 1320 East Pine Street 1320 East Pine Street Seattle WA 98122 Planned 79 Capitol Hill/Eastlake 160 225 Harvard Avenue East 225 Harvard Avenue East Seattle WA 98102 Planned 71 Capitol Hill/Eastlake Source: Yardi Matrix Seattle New Construction & Proposed Multifamily Projects

FORECASTED ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMIT DATE START OF COMPLETION DATE RENT-UP 161 2334 Franklin Avenue East 2334 Franklin Avenue East Seattle WA 98102 Planned 56 Capitol Hill/Eastlake 162 953 East Union Street 953 East Union Street Seattle WA 98122 Planned 55 Capitol Hill/Eastlake 163 ELEV8 10833 NE 8th Street Bellevue WA 98004 Planned 423 Bellevue-West 164 Four 106 Phase I 320 106th Avenue NE Bellevue WA 98004 Planned 326 Bellevue-West 165 Plaza Residential 10850 NE 8th Street Bellevue WA 98004 Planned 260 Bellevue-West 166 SummerHill BelRed 1600 132nd Avenue NE Bellevue WA 98005 Planned 250 Bellevue-East 167 1101 Western Avenue 1101 Western Avenue Seattle WA 98101 Planned 325 Belltown 168 1170 Republican 1170 Republican Street Seattle WA 98109 Planned 110 Belltown 169 1800 Terry Avenue 1800 Terry Avenue Seattle WA 98101 Planned 428 Belltown 170 1901 Minor Avenue 1901 Minor Avenue Seattle WA 98101 Planned 940 Belltown 171 2014 Fairview Avenue 2014 Fairview Avenue Seattle WA 98121 Planned 437 Belltown 172 307 Broad 307 Broad Street Seattle WA 98121 Planned 149 Belltown 173 427 9th Avenue North 427 9th Avenue North Seattle WA 98109 Planned 242 Belltown 174 5th & Lenora 2025 5th Avenue Seattle WA 98121 Planned 463 Belltown 175 5th & Virginia 1933 5th Avenue Seattle WA 98101 Planned 431 Belltown 176 8 Tower 2300 8th Avenue Seattle WA 98121 Planned 286 Belltown 177 901 Harrison Street 901 Harrison Street Seattle WA 98109 Planned 292 Belltown 178 9th & John 818 John Street Seattle WA 98109 Planned 278 Belltown 179 Altitude Residences 1903 5th Avenue Seattle WA 98101 Planned 236 Belltown 180 BB6 2300 6th Avenue Seattle WA 98121 Planned 936 Belltown 181 Block V 2301 7th Avenue Seattle WA 98121 Planned 609 Belltown 182 Crosby Capitol Hill 1517 Bellevue Avenue Seattle WA 98122 Planned 50 First Hill 183 104 12th Avenue 104 12th Avenue Seattle WA 98122 Planned 282 Central 184 Anew Broadway Phase II 500 Broadway Seattle WA 98122 Planned 114 Central 185 Jackson & 26th 2524 South Jackson Street Seattle WA 98144 Planned 77 Central 186 Rainier 622 Rainier Avenue South Seattle WA 98144 Planned 185 Central 187 Sound Flats 157 12th Avenue Seattle WA 98122 Planned 78 Central 188 Marketplace, The NWC SE 38th Street & 124th Avenue SE Bellevue WA 98006 Planned 331 Factoria 189 Quendall Terminals 4350 Lake Washington Blvd North Renton WA 98056 Planned 692 Factoria 190 Inneswood 905 Newport Way NW Issaquah WA 98027 Planned 93 Issaquah 191 4508 California Avenue SW 4508 California Avenue SW Seattle WA 98116 Planned 79 West Seattle 192 4800 Erskine Way SW 4800 Erskine Way SW Seattle WA 98116 Planned 65 West Seattle 193 Lam Bow Phase II 6955 Delridge Way SW Seattle WA 98106 Planned 50 West Seattle 194 1405 South Bayview Street 1405 South Bayview Street Seattle WA 98144 Planned 67 Beacon Hill 195 5721 - 5722 35th Avenue South 5721 35th Avenue South Seattle WA 98103 Planned 290 Beacon Hill 196 2016 23rd Avenue South 2016 23rd Avenue South Seattle WA 98144 Planned 100 Rainier Valley 197 3421 Rainier Avenue South 3421 Rainier Avenue South Seattle WA 98144 Planned 73 Rainier Valley 198 5201 Rainier Avenue South 5201 Rainier Avenue South Seattle WA 98118 Planned 107 Rainier Valley 199 6901 Martin Luther King Jr Way South 6901 Martin Luther King Jr Way South Seattle WA 98118 Planned 141 Rainier Valley 200 Link Mt. Baker 3208 Claremont Avenue South Seattle WA 98144 Planned 156 Rainier Valley 201 Sonata West 4561 Martin Luther King Jr Way South Seattle WA 98108 Planned 98 Rainier Valley 202 Barton Terrace 2222 SW Barton Street Seattle WA 98106 Planned 66 White Center 203 Marques NEC SE 240th Street & Maple Valley Black Diamond Road SE Maple Valley WA 98038 Planned 183 Renton 204 VIA 405 25 South Grady Way Renton WA 98057 Planned 270 Renton 205 Kent Midway 24050 Pacific Hwy South Kent WA 98032 Planned 265 Des Moines 206 64th Avenue South & West Meeker Street 64th Avenue South & West Meeker Street Kent WA 98032 Planned 327 Kent 207 Traditions at Federal Way 31701 Pete von Reichbauer Way South Federal Way WA 98003 Planned 200 Federal Way 208 Residences at U-Village 4715 25th Avenue NE Seattle WA 98105 Planned 229 University 209 2031 Westlake 2031 Westlake Avenue North Seattle WA 98109 Planned 71 Queen Anne 210 417 2nd Avenue West 417 2nd Avenue West Seattle WA 98119 Planned 97 Queen Anne 211 Center Steps 225 Roy Street Seattle WA 98109 Planned 269 Queen Anne 212 Ross Town Flats 318 Nickerson Street Seattle WA 98109 Planned 64 Queen Anne 213 Capitol Hill TOD Site A 118 Broadway East Seattle WA 98102 Planned 150 Capitol Hill/Eastlake 214 Capitol Hill TOD Site B South 123 10th Avenue East Seattle WA 98102 Planned 74 Capitol Hill/Eastlake 215 Modera Broadway 1732 Broadway Seattle WA 98122 Planned 228 Capitol Hill/Eastlake 216 1165-1175 Harrison Street 1165 Harrison Street Seattle WA 98109 Planned 80 Belltown 217 3rd & Virginia 2000 3rd Avenue Seattle WA 98121 Planned 453 Belltown 218 707 Terry Avenue 707 Terry Avenue Seattle WA 98104 Planned 488 First Hill 219 1020 South Main Street 1020 South Main Street Seattle WA 98144 Planned 214 Central 220 First Central Station 1203 East Spruce Street Seattle WA 98122 Planned 369 Central 221 Yesler Terrace Block 4 1000 East Yesler Way Seattle WA 98122 Planned 280 Central 222 Beacon Hill 2912 Beacon Avenue South Seattle WA 98144 Planned 65 Beacon Hill 223 Tukwila Village Phase II 14200 Tukwila International Blvd Tukwila WA 98168 Planned 210 Riverton/Tukwila TOTAL PLANNED 22,593 224 18631 Alderwood Mall Pkwy 18631 Alderwood Mall Pkwy Lynnwood WA 98037 Prospective 349 Lynnwood 225 Evergreen Village 18626 State Route 99 Lynnwood WA 98037 Prospective 231 Lynnwood 226 Harmony 14815 41st Avenue Bothell WA 98012 Prospective 70 Mill Creek 227 Point Wells Urban Center 20500 Richmond Beach Drive Edmonds WA 98020 Prospective 250 Edmonds 228 Andorra Estates 22817 Lakeview Drive Mountlake Terrace WA 98043 Prospective 84 Mountlake Terrace 229 Andorra Estates Phase II 22817 Lakeview Drive Mountlake Terrace WA 98043 Prospective 240 Mountlake Terrace 230 Paradise Lake Road Garden 9321 Paradise Lake Road Snohomish WA 98296 Prospective 360 Marysville/Monroe 231 Weaver Road Senior SWC Bickford Avenue & Weaver Road Snohomish WA 98290 Prospective 100 Marysville/Monroe 232 Sears Redevelopment SWC North 160th Street & Aurora Avenue North Shoreline WA 98133 Prospective 1,300 Shoreline 233 14001 Lake City Way NE 14001 Lake City Way NE Seattle WA 98125 Prospective 69 North Seattle 234 209 North 87th Street 209 North 89th Street Seattle WA 98103 Prospective 52 North Seattle 235 9731 Greenwood Avenue North 9731 Greenwood Avenue North Seattle WA 98103 Prospective 54 North Seattle 236 Caspian, The 12741 30th Avenue NE Seattle WA 98125 Prospective 252 North Seattle 237 Lake City 14337 32nd Avenue NE Seattle WA 98125 Prospective 73 North Seattle 238 Natural Lofts 12320 32nd Avenue NE Seattle WA 98125 Prospective 99 North Seattle 239 Turin 10501 Midvale Avenue Seattle WA 98133 Prospective 65 North Seattle 240 1100 NW 54th Street 1100 NW 54th Street Seattle WA 98107 Prospective 70 Ballard Source: Yardi Matrix Seattle New Construction & Proposed Multifamily Projects

FORECASTED ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMIT DATE START OF COMPLETION DATE RENT-UP 241 2417 NW Market Street 2417 NW Market Street Seattle WA 98107 Prospective 171 Ballard 242 Crown Hill 7730 15th Avenue NW Seattle WA 98117 Prospective 54 Ballard 243 Nesttun 7001 15th Avenue NW Seattle WA 98117 Prospective 163 Ballard 244 Ponte 5011 15th Avenue NW Seattle WA 98107 Prospective 101 Ballard 245 3421 Woodland Park Avenue North 3421 Woodland Park Avenue North Seattle WA 98103 Prospective 85 Greenlake/Wallingford 246 4048 7th Avenue NE 4048 7th Avenue NE Seattle WA 98105 Prospective 80 Greenlake/Wallingford 247 444 NE Ravenna Blvd 444 NE Ravenna Blvd Seattle WA 98115 Prospective 116 Greenlake/Wallingford 248 4711 Aurora Avenue North 4711 Aurora Avenue North Seattle WA 98103 Prospective 58 Greenlake/Wallingford 249 6501 Roosevelt Way NE 6501 Roosevelt Way NE Seattle WA 98115 Prospective 126 Greenlake/Wallingford 250 7903-7911 Greenwood Avenue North 7903 Greenwood Avenue North Seattle WA 98103 Prospective 57 Greenlake/Wallingford 251 Fireside Flats 831 NE 68th Street Seattle WA 98115 Prospective 102 Greenlake/Wallingford 252 Rise on Sixty-Seventh 829 NE 67th Street Seattle WA 98115 Prospective 188 Greenlake/Wallingford 253 Winslow Court 909 North 39th Street Seattle WA 98103 Prospective 147 Greenlake/Wallingford 254 1200 NE 45th Street 1200 NE 45th Street Seattle WA 98105 Prospective 227 University 255 1200 NE 50th Street 1200 NE 50th Street Seattle WA 98105 Prospective 55 University 256 4212 Roosevelt Way NE 4212 Roosevelt Way NE Seattle WA 98105 Prospective 200 University 257 4510 11th Avenue NE 4510 11th Avenue NE Seattle WA 98105 Prospective 201 University 258 4512 11th Avenue NE 4512 11th Avenue NE Seattle WA 98105 Prospective 101 University 259 4515 Brooklyn Avenue NE 4515 Brooklyn Avenue NE Seattle WA 98105 Prospective 221 University 260 4732 Brooklyn Avenue NE 4732 Brooklyn Avenue NE Seattle WA 98105 Prospective 100 University 261 5228 15th Avenue NE 5228 15th Avenue NE Seattle WA 98105 Prospective 57 University 262 5229 University Way NE 5229 University Way NE Seattle WA 98105 Prospective 60 University 263 5300 Roosevelt Way NE 5300 Roosevelt Way NE Seattle WA 98105 Prospective 55 University 264 Montclaire Flats 4727 12th Avenue NE Seattle WA 98105 Prospective 67 University 265 Rhythm 4726 15th Avenue NE Seattle WA 98105 Prospective 129 University 266 Standard, The NEC NE 42nd Street & 12th Avenue NE Seattle WA 98105 Prospective 450 University 267 Trailside Redevelopment 4801 24th Avenue NE Seattle WA 98105 Prospective 268 University 268 University 5039 5039 11th Avenue NE Seattle WA 98106 Prospective 51 University 269 University Village 4906 25th Avenue NE Seattle WA 98105 Prospective 250 University 270 University Way 5247 University Way NE Seattle WA 98105 Prospective 59 University 271 312 Central Way 312 Central Way Kirkland WA 98033 Prospective 72 Kirkland 272 Lake Street Place 112 Lake Street South Kirkland WA 98033 Prospective 150 Kirkland 273 2200 148th Avenue NE 2200 148th Avenue NE Redmond WA 98052 Prospective 500 Redmond 274 Redmond City Center 16135 NE 85th Street Redmond WA 98052 Prospective 421 Redmond 275 Redmond Town Center 16425 Cleveland Street Redmond WA 98052 Prospective 580 Redmond 276 Village at Totem Lake Phase II 12500 120th Avenue NE Kirkland WA 98034 Prospective 650 Woodinville/Totem Lake 277 Woodinville Wine Village NE 145th Street & Redmond-Woodinville Road NE Woodinville WA 98072 Prospective 100 Woodinville/Totem Lake 278 100 Roy Street Redevelopment 100 Roy Street Seattle WA 98109 Prospective 172 Queen Anne 279 1115 Dexter Avenue North 1115 Dexter Avenue North Seattle WA 98109 Prospective 170 Queen Anne 280 118 West Mercer Street 118 West Mercer Street Seattle WA 98119 Prospective 61 Queen Anne 281 1601 Dexter Avenue North 1601 Dexter Avenue North Seattle WA 98109 Prospective 65 Queen Anne 282 2100 Queen Anne Avenue North 2100 Queen Anne Avenue North Seattle WA 98109 Prospective 250 Queen Anne 283 320 Queen Anne Avenue North 320 Queen Anne Avenue North Seattle WA 98109 Prospective 59 Queen Anne 284 413 3rd Avenue West 413 3rd Avenue West Seattle WA 98119 Prospective 58 Queen Anne 285 609 West Nickerson Street 609 West Nickerson Street Seattle WA 98119 Prospective 70 Queen Anne 286 701 Valley Street 701 Valley Street Seattle WA 98109 Prospective 161 Queen Anne 287 811 5th Avenue North 811 5th Avenue North Seattle WA 98109 Prospective 65 Queen Anne 288 Roystone 631 Queen Anne Avenue North Seattle WA 98109 Prospective 95 Queen Anne 289 102 Harvard Avenue East 102 Harvard Avenue East Seattle WA 98102 Prospective 108 Capitol Hill/Eastlake 290 1208 East Olive Street 1208 East Olive Street Seattle WA 98122 Prospective 61 Capitol Hill/Eastlake 291 1833 Broadway 1833 Broadway Seattle WA 98122 Prospective 50 Capitol Hill/Eastlake 292 2517 Eastlake Avenue East 2517 Eastlake Avenue East Seattle WA 98102 Prospective 220 Capitol Hill/Eastlake 293 3138 Fairview Avenue East 3138 Fairview Avenue East Seattle WA 98102 Prospective 103 Capitol Hill/Eastlake 294 420 Boylston Avenue East 420 Boylston Avenue East Seattle WA 98102 Prospective 58 Capitol Hill/Eastlake 295 Bellview 736 Bellevue Place East Seattle WA 98102 Prospective 58 Capitol Hill/Eastlake 296 10777 Main Street 10777 Main Street Bellevue WA 98004 Prospective 135 Bellevue-West 297 606 106th Avenue NE 606 106th Avenue NE Bellevue WA 98004 Prospective 100 Bellevue-West 298 Cadillac Site Phase I & II 1001 106th Avenue NE Bellevue WA 98004 Prospective 295 Bellevue-West 299 Four 106 Phase II 305 108th Avenue NE Bellevue WA 98004 Prospective 200 Bellevue-West 300 Four 106 Phase III 10655 NE 4th Street Bellevue WA 98004 Prospective 100 Bellevue-West 301 1215 120th Avenue NE 1215 120th Avenue NE Bellevue WA 98005 Prospective 420 Bellevue-East 302 1215 120th Avenue NE Phase II 1215 120th Avenue NE Bellevue WA 98005 Prospective 250 Bellevue-East 303 12863 Northup Way 12863 Northup Way Bellevue WA 98005 Prospective 430 Bellevue-East 304 1700 132nd Avenue NE 1700 132nd Avenue NE Bellevue WA 98005 Prospective 355 Bellevue-East 305 1000 Virginia Street 1000 Virginia Street Seattle WA 98101 Prospective 435 Belltown 306 1314 Denny Way 1314 Denny Way Seattle WA 98109 Prospective 480 Belltown 307 1370 Stewart Street 1370 Stewart Street Seattle WA 98109 Prospective 340 Belltown 308 1412 1st Avenue 1412 1st Avenue Seattle WA 98101 Prospective 442 Belltown 309 1916 Boren Avenue 1916 Boren Avenue Seattle WA 98101 Prospective 534 Belltown 310 2121 5th Avenue 2121 5th Avenue Seattle WA 98121 Prospective 136 Belltown 311 222 Dexter Avenue North 222 Dexter Avenue North Seattle WA 98109 Prospective 100 Belltown 312 223 Taylor Avenue North 223 Taylor Avenue North Seattle WA 98109 Prospective 226 Belltown 313 3 + V 1927 3rd Avenue Seattle WA 98101 Prospective 340 Belltown 314 3031 Western Avenue 3031 Western Avenue Seattle WA 98121 Prospective 100 Belltown 315 4th & Bell Tower 2302 4th Avenue Seattle WA 98121 Prospective 287 Belltown 316 4th & Columbia 701 4th Avenue Seattle WA 98104 Prospective 1,020 Belltown 317 500 South Jackson Street 500 South Jackson Street Seattle WA 98104 Prospective 200 Belltown 318 508 Denny Way 508 Denny Way Seattle WA 98109 Prospective 180 Belltown 319 601 Aurora Avenue North 601 Aurora Avenue North Seattle WA 98109 Prospective 123 Belltown 320 815 Western Avenue 815 Western Avenue Seattle WA 98104 Prospective 150 Belltown 321 Belltown 2208 4th Avenue Seattle WA 98121 Prospective 307 Belltown

Source: Yardi Matrix Seattle New Construction & Proposed Multifamily Projects

FORECASTED ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMIT DATE START OF COMPLETION DATE RENT-UP 322 Belltown 36 314 Bell Street Seattle WA 98121 Prospective 325 Belltown 323 Belltown Tower 2005 5th Avenue Seattle WA 98121 Prospective 458 Belltown 324 Block 48 101 Westlake Avenue North Seattle WA 98109 Prospective 464 Belltown 325 Block 56 North 433 8th Avenue North Seattle WA 98109 Prospective 90 Belltown 326 Block 56 South 401 8th Avenue North Seattle WA 98109 Prospective 294 Belltown 327 Boren + Lenora 2019 Boren Avenue Seattle WA 98121 Prospective 425 Belltown 328 Mercer Blocks, Block 37 630 Westlake Avenue North Seattle WA 98109 Prospective 218 Belltown 329 Residence 2218 2218 1st Avenue Seattle WA 98121 Prospective 111 Belltown 330 Seattle Times Building 121 Boren Avenue North Seattle WA 98109 Prospective 433 Belltown 331 St. Johns 1001 John Street Seattle WA 98109 Prospective 430 Belltown 332 Tommie Residences, The 1932 9th Avenue Seattle WA 98101 Prospective 90 Belltown 333 1100 Boylston Avenue 1100 Boylston Avenue Seattle WA 98104 Prospective 350 First Hill 334 1103 Summit Avenue 1103 Summit Avenue Seattle WA 98104 Prospective 91 First Hill 335 815 9th Avenue 815 9th Avenue Seattle WA 98104 Prospective 276 First Hill 336 Convention Center Site B 920 Olive Way Seattle WA 98101 Prospective 409 First Hill 337 Esker 1208 East Pine Street Seattle WA 98122 Prospective 71 First Hill 338 Knights of Columbus Redevelopment 722 East Union Street Seattle WA 98122 Prospective 50 First Hill 339 12M 1221 South Main Street Seattle WA 98144 Prospective 161 Central 340 16th Avenue 1620 16th Avenue Seattle WA 98122 Prospective 88 Central 341 19th & Madison 1730 19th Avenue Seattle WA 98122 Prospective 160 Central 342 216 10th Avenue 216 10th Avenue Seattle WA 98122 Prospective 111 Central 343 City People's Redevelopment 2925 East Madison Street Seattle WA 98112 Prospective 76 Central 344 SpringHill Suites 616 8th Avenue South Seattle WA 98104 Prospective 123 Central 345 Marketplace Phase II, The NWC SE 38th Street & 124th Avenue SE Bellevue WA 98006 Prospective 354 Factoria 346 Cedar River 33124 SE North Bend Way North Bend WA 98045 Prospective 212 Issaquah 347 River Run 43600 SE 136th Street North Bend WA 98045 Prospective 130 Issaquah 348 3039 SW Avalon Way 3039 SW Avalon Way Seattle WA 98126 Prospective 71 West Seattle 349 4501 38th Avenue SW 4501 38th Avenue SW Seattle WA 98126 Prospective 110 West Seattle 350 4800 40th Avenue SW 4800 40th Avenue SW Seattle WA 98116 Prospective 67 West Seattle 351 7617 35th Avenue SW 7617 35th Avenue SW Seattle WA 98126 Prospective 50 West Seattle 352 Braseth 42nd 4532 42nd Avenue SW Seattle WA 98116 Prospective 77 West Seattle 353 California Avenue SW & SW Edmonds Street 4747 California Avenue SW Seattle WA 98116 Prospective 82 West Seattle 354 Golden Tee 3201 SW Avalon Way Seattle WA 98126 Prospective 150 West Seattle 355 Junction Landing 4417 42nd Avenue SW Seattle WA 98116 Prospective 62 West Seattle 356 1801 Rainier Avenue South 1801 Rainier Avenue South Seattle WA 98144 Prospective 186 Beacon Hill 357 5227 Martin Luther King Jr Way South 5227 Martin Luther King Jr Way South Seattle WA 98118 Prospective 52 Beacon Hill 358 5949 36th Avenue South 5949 36th Avenue South Seattle WA 98118 Prospective 55 Beacon Hill 359 Colina East 2709 17th Avenue South Seattle WA 98144 Prospective 95 Beacon Hill 360 North Beacon Hills 2538 Beacon Avenue South Seattle WA 98144 Prospective 89 Beacon Hill 361 2019 24th Avenue South 2019 24th Avenue South Seattle WA 98144 Prospective 67 Rainier Valley 362 4009 South Willow Street 4009 South Willow Street Seattle WA 98118 Prospective 53 Rainier Valley 363 4221 37th Avenue South 4221 37th Avenue South Seattle WA 98118 Prospective 55 Rainier Valley 364 Cloverdale 38th Avenue South & South Cloverdale Street Seattle WA 98118 Prospective 58 Rainier Valley 365 Columbia City 4050 Martin Luther King Jr Way South Seattle WA 98108 Prospective 80 Rainier Valley 366 Genoa Apodments 2000 23rd Avenue South Seattle WA 98144 Prospective 139 Rainier Valley 367 Path Othello Buildings A & B 7301 Martin Luther King Jr Way South Seattle WA 98118 Prospective 435 Rainier Valley 368 Thistle Court 4911 South Rose Street Seattle WA 98118 Prospective 57 Rainier Valley 369 Talus 95 Talus Corporate Way NW Maple Valley WA 98038 Prospective 380 Renton 370 Waynes Place 13850 SE 180th Street Renton WA 98058 Prospective 78 Renton 371 Marquee on Meeker Phase II 2030 West Meeker Street Kent WA 98032 Prospective 204 Kent 372 103 South Division Street 103 South Division Street Auburn WA 98001 Prospective 240 Auburn 373 Auburn Senior Living 36 West Main Street Auburn WA 98001 Prospective 161 Auburn 374 8704 Greenwood Avenue North 8704 Greenwood Avenue North Seattle WA 98103 Prospective 270 North Seattle 375 Lake City Way NE 12558 Lake City Way NE Seattle WA 98125 Prospective 350 North Seattle 376 Northgate Equitable Transit Oriented Development NEC 1st Avenue NE & NE 100th Street Seattle WA 98125 Prospective 600 North Seattle 377 Corner 63 6300 9th Avenue NE Seattle WA 98115 Prospective 141 Greenlake/Wallingford 378 434 Kirkland Way 434 Kirkland Way Kirkland WA 98033 Prospective 173 Kirkland 379 Continental Divide 8505 132nd Avenue NE Kirkland WA 98033 Prospective 133 Redmond 380 Rose Hill 12040 NE 85th Street Kirkland WA 98033 Prospective 740 Redmond 381 303 Battery Street 303 Battery Street Seattle WA 98212 Prospective 104 Belltown 382 Waverly, The 210 8th Avenue North Seattle WA 98109 Prospective 374 Belltown 383 1029 South Jackson Street 1029 South Jackson Street Seattle WA 98104 Prospective 320 Central 384 12th & Jackson 1032 South Jackson Street Seattle WA 98104 Prospective 280 Central 385 209 12th Avenue South 209 12th Avenue South Seattle WA 98144 Prospective 335 Central 386 Midtown Center 2301 East Union Street Seattle WA 98122 Prospective 429 Central 387 Modera First Hill 125 Boren Avenue South Seattle WA 98122 Prospective 290 Central 388 South Washington Street & Yesler Way South Washington Street & Yesler Way Seattle WA 98104 Prospective 365 Central 389 Atlas, The 12901 Newcastle Way Newcastle WA 98056 Prospective 98 Factoria 390 Beacon Crossing 2505 Beacon Avenue South Seattle WA 98144 Prospective 97 Beacon Hill 391 Grand Street Commons South Grand Street & Rainier Avenue South Seattle WA 98144 Prospective 700 Beacon Hill 392 Tower Steps 1200 12th Avenue South Seattle WA 98144 Prospective 312 Beacon Hill 393 3235 Rainier Avenue South 3235 Rainier Avenue South Seattle WA 98144 Prospective 112 Rainier Valley 394 3717 South Alaska 3717 South Alaska Street Seattle WA 98118 Prospective 243 Rainier Valley 395 7350 Martin Luther King Jr Way South 7350 Martin Luther King Jr Way South Seattle WA 98118 Prospective 80 Rainier Valley 396 Cubix Othello 7339 43rd Avenue South Seattle WA 98118 Prospective 85 Rainier Valley 397 Sunset Terrace Redevelopment Phase II NE Sunset Blvd & Harrington Avenue NE Renton WA 98056 Prospective 226 Renton TOTAL PROSPECTIVE 35,769

TOTAL SEATTLE 79,878

© 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