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Home , Durango Drive, Huntridge Theater, Las Vegas, Tropicana Avenue

Las Vegas New Construction & Proposed Multifamily Projects 2Q20

1 54

59 57 56

ID PROPERTY UNITS

1 The Aviary 330 Total Lease Up 330

65 6 Life Time Living Green Valley 148 55 73 Total Under Construction 148 28 64 53 28 The Summit on Boulder Highway 144 6 58 Total Planned 144

53 27 Lofts 85 54 Aspen Peak Phase II 50 55 Bella Vista 120 56 Galleria & McCormick 223 57 Henderson Star 50 60 58 Juniper Trails 302 59 South Mountain Vista Street & 392 Olympic Avenue 60 Waverly 254 64 Pebble Road and Eastern Avenue 195 65 Wigwam Lofts 350 73 East Ford Avenue & 100 South Maryland Pkwy Total Prospective 2,121 1 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective New Construction & Proposed Multifamily Projects 2Q20

84

88

ID PROPERTY UNITS

5 Revolution 340

Total Lease Up 340 81

16 SUR702 316 89 17 Tuscan Highlands 304 82 20 LV Amigo LLC 374 16 Total Under Construction 994 92 83

35 Alta Southern Highlands 232 87 36 The Arch 754 37 Neal Avenue Lofts Phase I 193 Total Planned 1,179

61 Amigo & Larson 132 62 Aspen Heights Henderson 312 36

63 Broadstone Avina 187 85 37 72 Bermuda and St. Rose 219 86 72 81 8090 Giles Street 235 82 Blue Diamond Road & 320 South Lindell Road 35 5 83 Blue Diamond Road & 92 South Quarterhorse Lane 61 62 84 Ely at Rainbow 271 17 20 85 Gilespie Street & East Starr Avenue 220 86 Neal Avenue Lofts Phase II 382 87 Silverado Ranch Blvd 68 88 Warmington 320 63 89 South Fort Apache Road & 160 West Wigwam Avenue 92 LV Rainbow LLC 360 Total Prospective 3,278 1 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Las Vegas New Construction & Proposed Multifamily Projects 2Q20

26 9 7 45

44 43 48 42 ID PROPERTY UNITS 27 46 2 shareDOWNTOWN 63 2 Total Lease Up 63 47

7 Auric 324 9 Aspen Heights 290 11 Elysian at the Palms 285 12 Twain 287 15 Elysian at Hughes Center 368 66 Total Under Construction 1,554

26 The Meadows 334 27 Bel Village Las Vegas 513 29 Royal Crest 300 Total Planned 1,147

42 Avante Lofts 260 71 29 43 Downtown 57 219 44 Downtown 57 Phase II 250 12 15 45 Downtown at 11th 84 46 Redevelopment 50 68 47 Live201 117 48 Midtown - Downtown 478 11 66 The Palms Redevelopment 1,480 69 67 Channel 10 Drive 72 67 68 The Park at 3900 400 69 U District Phases II & III 364 71 Polaris Avenue & 471 Total Prospective 4,245 2000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Las Vegas New Construction & Proposed Multifamily Projects 2Q20

77

4 ID PROPERTY UNITS

3 Pace 192 4 Eden Phase II 128 Total Lease Up 320

78 8 Level 25 at Sunset 260 31 13 Level 25 at Oquendo Phase II 59 14 Tesora Phase II 92 18 2one5 – Phase II 124 80 Total Under Construction 535

30 The Abode - Buffalo Sunset 418 3 31 Ely at Fort Apache 206 32 Elysian at Sunset 384 33 KAKTUSlife @the curve 356 13 34 Sunset Road 326 74 Total Planned 1,690 14

74 Betty's Village 70 75 KAKTUSlife @the curve Phase II 258 34 8 30 76 Martin Avenue 332 18 77 Resort Lofts 160 76 32 78 Senior 174 79 75 79 UnCommons 875 33 80 West Hacienda Avenue & 181 South Riley Street Total Prospective 2,050 2000 ft Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Las Vegas New Construction & Proposed Multifamily Projects 2Q20

39 38

21 23 91 49 22 24 19 50

ID PROPERTY UNITS

10 Elysian at Tivoli 359 19 LV Maule LLC 344 Total Under Construction 703 51 25

21 Elysian at Centennial 306 40 41 52 22 Grand Canyon Shopping 60 Center Residential 23 Montecito 491 24 Vue at Centennial Phase III 314 90 25 Crystal Park 136

Total Planned 1,307 10

38 Valley Vista 364 39 Villages at Centennial Springs 154 40 Elysian at Buffalo 220 41 Rancho & Decatur 738 49 East Deer Springs Way & Losee Road 304 50 Shadow Hills 64 51 Vegas Trade Village 264 70 52 East Carey Avenue & 118 North Pecos Road 70 Cameron Street & Tropicana Avenue 293 90 Eastern Land Senior 60 91 Rome South 150 Total Prospective 2,729 1 mi Source: Yardi Matrix

LEGEND Lease-Up Under Construction Planned Prospective Las Vegas New Construction & Proposed Multifamily Projects

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

1 The Aviary 1070 Wellness Place Henderson NV 89011 Lease-Up 330 Henderson East 07/15/2018 04/30/2021 06/22/2020

2 shareDOWNTOWN 1300 South Center Blvd Las Vegas NV 89104 Lease-Up 63 09/15/2019 08/31/2020 06/05/2020

3 Pace 9314 West Las Vegas NV 89148 Lease-Up 192 Spring Valley West 08/01/2018 08/31/2020 05/01/2020 Summerlin / 4 Eden Phase II 4350 South Hualapai Way Las Vegas NV 89147 Lease-Up 128 Blue Diamond 07/15/2018 08/31/2020 08/01/2019 5 Revolution 12215 Gilespie Street Henderson NV 89044 Lease-Up 340 Enterprise 05/15/2018 07/31/2020 10/02/2019 Total Lease-Up 1,053

6 Life Time Living Green Valley 121 Carnegie Street Henderson NV 89052 Under Construction 148 Henderson West 10/01/2019 02/28/2022 7 Auric 251 South City Pkwy Las Vegas NV 89106 Under Construction 324 South Las Vegas 09/30/2019 01/31/2022 8 Level 25 at Sunset 8251 West Sunset Road Las Vegas NV 89113 Under Construction 260 Spring Valley West 11/01/2019 01/31/2022 South City Pkwy & 9 Aspen Heights West Ogden Avenue Las Vegas NV 89101 Under Construction 290 South Las Vegas 10/01/2019 10/31/2021 10 Elysian at Tivoli Alta Drive & South Rampart Blvd Las Vegas NV 89145 Under Construction 359 Las Vegas Central 03/19/2020 08/31/2021 11 Elysian at the Palms 3850 West Nevso Drive Las Vegas NV 89103 Under Construction 285 Bracken 10/31/2019 04/30/2021 12 Twain 3150 West Twain Avenue Las Vegas NV 89102 Under Construction 287 Bracken 06/01/2019 04/30/2021 13 Level 25 at Oquendo Phase II 9005 West Oquendo Road Las Vegas NV 89148 Under Construction 59 Spring Valley West 03/18/2020 03/31/2021 14 Tesora Phase II 9455 West Post Road Las Vegas NV 89148 Under Construction 92 Spring Valley West 02/01/2020 03/31/2021 15 Elysian at Hughes Center 3786 Pkwy Paradise NV 89169 Under Construction 368 08/07/2019 12/31/2020 16 SUR702 6614 Blue Diamond Road Las Vegas NV 89139 Under Construction 316 Enterprise 8/31/2020 17 Tuscan Highlands 12656 Southern Highlands Pkwy Las Vegas NV 89141 Under Construction 304 Enterprise 07/09/2019 18 2one5 – Phase II 7960 Rafael Rivera Way Las Vegas NV 89113 Under Construction 124 Spring Valley West 19 LV Maule LLC SW Corner of I-215 and S Buffalo Drive Las Vegas NV 89113 Under Construction 344 Spring Valley West 20 LV Amigo LLC Amigo St & Volunteer Blvd Henderson NV 89044 Under Construction 374 Henderson West Total Under Construction 3,934 NEC West Deer Springs Way & 21 Elysian at Centennial Oso Blanca Road Las Vegas NV 89149 Planned 306 Las Vegas NW Grand Canyon Shopping 22 Center Residential 10544 West Centennial Pkwy Las Vegas NV 89149 Planned 60 Las Vegas NW West Deer Springs Way & 23 Montecito Grand Montecito Pkwy Las Vegas NV 89149 Planned 491 Las Vegas NW 24 Vue at Centennial Phase III 7350 West Centennial Pkwy Las Vegas NV 89131 Planned 314 Las Vegas NW 25 Crystal Park 3000 Michael Way Las Vegas NV 89108 Planned 136 Las Vegas Central 26 The Meadows 4490 Meadows Lane Las Vegas NV 89107 Planned 334 South Las Vegas 27 Bel Village Las Vegas 1211 South 3rd Street Las Vegas NV 89104 Planned 513 Downtown Las Vegas 28 The Summit on Boulder Highway Frontage Road & Pioneer Street Henderson NV 89015 Planned 144 Henderson East 29 Royal Crest 602 North Royal Crest Circle Las Vegas NV 89169 Planned 300 Las Vegas Strip 30 The Abode - Buffalo Sunset SEC South Buffalo Drive & West Sunset Road Spring Valley NV 89113 Planned 418 Spring Valley West 31 Ely at Fort Apache 5065 South Fort Apache Road Las Vegas NV 89148 Planned 206 Spring Valley West 32 Elysian at Sunset 8146 Rafael Rivera Way Las Vegas NV 89113 Planned 384 Spring Valley West Source: Yardi Matrix Yardi Source: Las Vegas New Construction & Proposed Multifamily Projects

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

33 KAKTUSlife @the curve 8030 West Maule Avenue Las Vegas NV 89113 Planned 356 Spring Valley West 34 Sunset Road 9171 West Sunset Road Las Vegas NV 89148 Planned 326 Spring Valley West 35 Alta Southern Highlands NWC & Robert Trent Jones Lane Las Vegas NV 89141 Planned 232 Enterprise 36 The Arch 11055 South Las Vegas Blvd Las Vegas NV 89183 Planned 754 Enterprise SWC Las Vegas Blvd South & 37 Neal Avenue Lofts Phase I West Neal Avenue Las Vegas NV 89183 Planned 193 Enterprise Total Planned 5,467

38 Valley Vista North Decatur Blvd & Farm Road Las Vegas NV 89131 Prospective 364 Las Vegas NW 39 Villages at Centennial Springs Farm Road & Road Las Vegas NV 89143 Prospective 154 Las Vegas NW 40 Elysian at Buffalo North Buffalo Drive & Trinity Peak Avenue Las Vegas NV 89128 Prospective 220 Las Vegas Central North Rancho Drive & 41 Rancho & Decatur West Smoke Ranch Road North Las Vegas NV 89032 Prospective 738 South Las Vegas 42 Avante Lofts 824 South 6th Street Las Vegas NV 89101 Prospective 260 Downtown Las Vegas 43 Downtown 57 324 South Maryland Pkwy Las Vegas NV 89101 Prospective 219 Downtown Las Vegas 44 Downtown 57 Phase II 1020 Lewis Avenue Las Vegas NV 89101 Prospective 250 Downtown Las Vegas 45 Downtown at 11th 231 North 11th Street Las Vegas NV 89101 Prospective 84 Downtown Las Vegas 46 Huntridge Theater Redevelopment 1208 East Charleston Blvd Las Vegas NV 89104 Prospective 50 Downtown Las Vegas 47 Live201 201 East Avenue Las Vegas NV 89104 Prospective 117 Downtown Las Vegas 48 Midtown - Downtown 900 South Casino Center Blvd Las Vegas NV 89101 Prospective 478 Downtown Las Vegas 49 East Deer Springs Way & Losee Road East Deer Springs Way & Losee Road North Las Vegas NV 89086 Prospective 304 North Las Vegas West 50 Shadow Hills SWC North 5th Street & East Regena Avenue North Las Vegas NV 89031 Prospective 64 North Las Vegas West 51 Vegas Trade Village 3301 North 5th Street North Las Vegas NV 89032 Prospective 264 North Las Vegas West 52 East Carey Avenue & North Pecos Road East Carey Avenue & North Pecos Road North Las Vegas NV 89030 Prospective 118 North Las Vegas East South Major Avenue & 53 27 Lofts East Van Wagenen Street Henderson NV 89015 Prospective 85 Henderson East 54 Aspen Peak Phase II 833 Aspen Peak Loop Henderson NV 89011 Prospective 50 Henderson East 55 Bella Vista 215 South Water Street Henderson NV 89015 Prospective 120 Henderson East 56 Galleria & McCormick East Galleria Drive & McCormick Road Henderson NV 89011 Prospective 223 Henderson East 57 Henderson Star North Boulder Hwy & Galleria Drive Henderson NV 89011 Prospective 50 Henderson East 58 Juniper Trails South Boulder Hwy & College Drive Henderson NV 89015 Prospective 302 Henderson East South Mountain Vista Street & South Mountain Vista Street & 59 Olympic Avenue Olympic Avenue Henderson NV 89014 Prospective 392 Henderson East 60 Waverly Conestoga Way & State Drive Henderson NV 89002 Prospective 254 Henderson East 61 Amigo & Larson Amigo Street & Volunteer Blvd Henderson NV 89044 Prospective 132 Henderson West 62 Aspen Heights Henderson Amigo Street & East Dale Henderson NV 89044 Prospective 312 Henderson West 63 Broadstone Avina Via da Vinci & Via Inspirada Henderson NV 89044 Prospective 187 Henderson West 64 Pebble Road and Eastern Avenue South Eastern Avenue & East Pebble Road Las Vegas NV 89123 Prospective 195 Henderson West 65 Wigwam Lofts 1200 Wigwam Pkwy Henderson NV 89074 Prospective 350 Henderson West 66 The Palms Redevelopment 713 East Las Vegas NV 89104 Prospective 1,480 Winchester Source: Yardi Matrix Yardi Source: Las Vegas New Construction & Proposed Multifamily Projects

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

67 Channel 10 Drive 4320 Channel 10 Drive Las Vegas NV 89119 Prospective 72 Las Vegas Strip 68 The Park at 3900 3900 Paradise Road Las Vegas NV 89123 Prospective 400 Las Vegas Strip NWC Cottage Grove Avenue & 69 U District Phases II & III South Maryland Pkwy Paradise NV 89119 Prospective 364 Las Vegas Strip 70 Cameron Street & Tropicana Avenue Cameron Street & West Tropicana Avenue Las Vegas NV 89103 Prospective 293 Bracken 71 Polaris Avenue & Spring Mountain Road Polaris Avenue & Spring Mountain Road Paradise NV 89103 Prospective 471 Bracken 72 Bermuda and St. Rose Bermuda Road & St. Rose Pkwy Enterprise NV 89183 Prospective 219 Paradise Valley South 73 East Ford Avenue & South Maryland Pkwy East Ford Avenue & South Maryland Pkwy Paradise NV 89123 Prospective 100 Paradise Valley South 74 Betty's Village 6050 South Buffalo Drive Las Vegas NV 89113 Prospective 70 Spring Valley West 75 KAKTUSlife @the curve Phase II 8030 West Maule Avenue Las Vegas NV 89113 Prospective 258 Spring Valley West 76 Martin Avenue West Martin Avenue & Quarterhorse Lane Las Vegas NV 89148 Prospective 332 Spring Valley West 77 Resort Lofts South Eula Street & West Flamingo Road Spring Valley NV 89147 Prospective 160 Spring Valley West 78 Tropicana Avenue Senior 9780 South Grand Canyon Drive Las Vegas NV 89147 Prospective 174 Spring Valley West 79 UnCommons SEC and Roy Horn Way Spring Valley NV 89113 Prospective 875 Spring Valley West West Hacienda Avenue & West Hacienda Avenue & 80 South Riley Street South Riley Street Spring Valley NV 89113 Prospective 181 Spring Valley West 81 8090 Giles Street 8090 Giles Street Las Vegas NV 89123 Prospective 235 Enterprise Blue Diamond Road & Blue Diamond Road & 82 South Lindell Road South Lindell Road Enterprise NV 89139 Prospective 320 Enterprise Blue Diamond Road & Blue Diamond Road & South 83 South Quarterhorse Lane Quarterhorse Lane Enterprise NV 89178 Prospective 92 Enterprise 84 Ely at Rainbow West Arby Avenue & Redwood Street Enterprise NV 89118 Prospective 271 Enterprise 85 Gilespie Street & East Starr Avenue Gilespie Street & East Starr Avenue Enterprise NV 89183 Prospective 220 Enterprise SWC Las Vegas Blvd South & 86 Neal Avenue Lofts Phase II West Neal Avenue Las Vegas NV 89183 Prospective 382 Enterprise 87 Silverado Ranch Blvd Gilespie Street & East Silverado Ranch Blvd Las Vegas NV 89123 Prospective 68 Enterprise 88 Warmington South Cimarron Road & West Warm Springs Las Vegas NV 89113 Prospective 320 Enterprise South Fort Apache Road & South Fort Apache Road & Summerlin / 89 West Wigwam Avenue West Wigwam Avenue Spring Valley NV 89178 Prospective 160 Blue Diamond 90 Eastern Land Senior 832 North Eastern Avenue Las Vegas NV 89101 Prospective 60 Downtown Las Vegas 91 Rome South North 5th Street & East Rome Blvd North Las Vegas NV 89084 Prospective 150 North Las Vegas West NW Corner of S Rainbow Blvd and 92 LV Rainbow LLC Blue Diamond Rd Enterprise NV 89139 Prospective 360 Enterprise Total Prospective 14,423

TOTAL LAS VEGAS 24,877 Source: Yardi Matrix Yardi Source:

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