Portland New Construction & Proposed Multifamily Projects 3Q17

ID PROPERTY UNITS 83 1717 SE Tenino 79 169 3928 North Williams Avenue 50 1 Bridgetown Lofts 149 84 4926 SE Division Street 127 170 5327 Interstate Avenue 141 2 Springwater Flats 74 85 5415 Milwaukie Avenue 80 171 829 N Russell Street 78 20 3 Columbia View Phase II 144 86 8145 6th Avenue 100 172 2211 SW 4th Avenue 108 23 4 Sky3 196 87 8222 SE 6th Avenue 119 173 4th Avenue & Davis Street 167 5 Goat Blocks 347 88 Boys & Girls Club Redevelopment 232 174 Naito & Broadway Bridge 246 6 Q21 162 89 West Moreland, The 59 175 Halsey Street & 106th Avenue 75 7 Rock Creek Ridge 164 8 North Bethany Ridge 208 90 Laurel 42 100 Total Prospective 9,335 9 Rivage 260 91 Crawford 101 Total Lease-Up 1,704 92 Harbor Sky 264 32 10 Grant Park Village Phase II 167 93 6400 SW Canyon Court 244 11 1430 NW Glisan 243 94 Woodie Guthrie Place 68 12 Slabtown Blocks 294/295 385 95 East Burnside 52 13 ArLo 175 96 Parkside Lofts Phase II 115 163 14 Mississippi Avenue 152 97 Denaly 50 15 Waterfront, The 150 98 Esther, The 125 16 625 NW 21st Avenue 57 99 Jefferson, The 89 17 Amy, The 141 100 Sunset Gardens 210 97 18 Marine View 66 19 Misty Ridge 114 101 Westgate 230 20 134th Street Lofts 93 102 River Terrace East 141 40 99 21 Oliver Station 145 103 Sherwood 82 116 22 Raleigh Street Block 294 220 104 206th Avenue & Wilkins Street 114 15 98 23 Union Park 144 105 Aniva 270 158 24 Woods, The 50 106 Antelope 88 3 159 25 Vancouver Avenue 136 107 Delta 214 96 156 26 Union at St Johns, The 103 108 Strata, The 240 155 27 North Hollow 122 157 109 Williams Avenue 66 150 28 Windward, The 207 110 19896 Beavercreek Road 180 92 98 29 1931 North Williams 160 111 RiverPlace Parcel 3 371 30 Modera Pearl 290 31 Marc, The 83 112 Atomic Orchard Lofts 86 113 Block 45 240 26 32 Heritage Villas 135 91 166 33 9101 SE Foster 54 114 Derby Slabtown 128 149 34 Hoyt20 59 115 5965 SE Milwaukie Avenue 54 35 Modera Belmont 202 116 Vancouvercenter Phase II 113 8 36 Block 136 208 Total Planned 10,583 164165 13 37 Couch9 137 117 4W 400 170 104 24 38 Dianne, The 102 118 Element 78 343 109 39 Jefferson 14 61 105 25 171 119 Slate Phase II 105 169 168 63 40 Uptown, The 167 120 Oregon Square 944 12 41 Stevens Creek 140 167 106 46 9 121 1319 NW Johnson Street 58 14 42 AmberGlen on the Park 276 107 148 74 12 1 29 43 Aura Burnside 167 122 4th Avenue & Davis Street 300 147 129 10 123 930 NW 14th Avenue 50 75 22 67 44 Little Loca 105 132 71 42 124 Broadway Corridor 50 42 90 162 70 128 64 45 Lenox Addition 64 104 146 72 6 46 Bridgetown. The 50 125 Centennial Mills 150 131 66 113 62 65 175154 174 Total Under Construction 5,330 126 Fremont 270 76 114126 124 47 1116 SW Washington Street 222 127 Parq 50 153 95 53 48 12th & Market 146 128 1111 NW 16th Avenue 95 125 36 34 112 145 31 152 16 127 51 49 Collective on 4th, The 417 129 1331 NW 17th Avenue 50 100 93 19 38 59 50 13th & Ankeny Street 87 133 69 130 2135 NW 29th Avenue 350 84 11 130 123 43 51 1500 NE Irving 80 131 Conway Block 290 West 99 134 173 55 52 2548 SE Ankeny 96 161 37 57 132 St. Mary’s Cathedral 200 135 68 120 121 53 2869 NE Sandy Blvd 206 140 50 52 133 1638 West Burnside Street 138 141 142 79 47 122 54 310 SE 12th Avenue 84 101 40 144 54 55 316 NE 28th Avenue 119 134 MAC Club Residential 258 138 81 143 134 50 117 135 4949 SW Macadam 117 139 89 78 56 550 SE Martin Luther 94 35 56 King Jr Blvd 50 136 South Waterfront Blocks 42 and 45 500 85 44 137 29 22 45 4 60 57 Burnside Delta 85 137 Zidell Yards Phase 1 Block 1 120 79 115 58 5 58 Grand Belmont 121 138 Zidell Yards Phase 2 50 80 86 88 48 118 59 Jantzen 211 139 Zidell Yards Phase 3 50 82 60 Modera Buckman 170 140 5101 SE 17th Avenue 126 87 119 61 Wistaria Heights 55 2 83 49 141 Y Arts Center Redevelopment 54 17 62 1400 NE Multnomah 688 142 Hollywood Square 90 172 63 2405 North Vancouver 54 143 4708 NE Sandy Blvd 114 107 64 2789 NE Halsey 53 41 65 Sullivan's Gulch 162 144 5036 NE Sandy Blvd 89 66 1440 NW Overton Street 68 145 North Richmond 96 67 Broadstone Pearl 146 146 Yacht Harbor Club Phase II 198 68 Modera Davis 204 147 B Avenue 60 137 69 Modera Glisan 291 148 10840 SE Salmon Street 146 7 70 1331 NW 17th Avenue 196 149 Gateway Area 58 151 71 1502 NW 19th Avenue 88 150 192nd Avenue Station Lofts 73 28 72 22 Raleigh 173 151 Parkside Lofts Phase II 115 73 Conway Block 290 West 201 152 Westridge Lofts 110 74 Fairmount Redevelopment 80 153 313 SE Ellsworth 162 75 George Besaw 51 154 Ellsworth 129 76 North18 168 77 1500 SW Taylor Street 146 155 Maplelane Road 120 78 Press Blocks 337 156 Halsey Street 64 79 5833 SW Macadam 64 157 Arbor at West Park 228 80 Multnomah Village Lofts 72 158 North Bethany Crest 276 81 South Waterfront - Block 41 300 159 Columbia Palisades 300 82 1645 SE Nehalem Street 61 160 1332 North Skidmore 158 161 3802 NE Martin Luther King Jr Blvd 89 LEGEND 162 3928 North Williams Avenue 50 102 Lease-Up 163 5009 North Interstate 88 164 5327 Interstate Avenue 141 Under Construction 165 829 N Russell Street 78 Planned 166 Halsey Street & 106th Avenue 75 160 167 2211 SW 4th Avenue 108 Prospective 168 Naito & Broadway Bridge 340 110 2 mi Source: Yardi Matrix

a Berkshire Hathaway and Leucadia National company Portland New Construction and Proposed Multifamily Projects

FORECASTED ID PROPERTY NAME ADDRESS CITY STATE ZIP OWNER NAME STATUS UNITS SUBMARKET PERMIT DATE COMPLETION DATE START OF RENT-UP 1 Bridgetown Lofts 1850 NW Front Avenue Portland OR 97209 Fore Property Company Lease-Up 149 Hillside/Northwest 06/16/2015 12/31/2017 03/15/2017 2 Springwater Flats 1685 SE Umatilla Street Portland OR 97202 Urban Development Group Lease-Up 74 Brooklyn/Moreland 02/01/2016 10/31/2017 08/08/2017 3 Columbia View Phase II 4801 East 5th Street Vancouver WA 98661 Mountain West Investment Lease-Up 144 Fort Vancouver 05/01/2016 10/31/2017 02/01/2017 4 Sky3 1221 SW 11th Avenue Portland OR 97205 Molasky Group of Companies, The Lease-Up 196 Downtown Portland 10/15/2014 09/30/2017 04/03/2017 5 Goat Blocks 1036 SE Belmont Street Portland OR 97214 Killian Pacific Lease-Up 347 Kerns/Buckman 03/02/2015 09/30/2017 02/01/2017 6 Q21 2112 NW Quimby Street Portland OR 97210 Guardian Real Estate Services Lease-Up 162 Hillside/Northwest 07/20/2015 09/30/2017 02/01/2017 7 Rock Creek Ridge 13071 SE 169th Avenue Happy Valley OR 97015 Gramor Development Lease-Up 164 Happy Valley 02/18/2016 09/30/2017 02/01/2017 8 North Bethany Ridge 15921 NW Brugger Road Portland OR 97229 Arbor Lease-Up 208 Rock Creek 06/01/2015 09/30/2017 11/01/2016 9 Rivage 2220 NW Front Avenue Portland OR 97209 Fore Property Company Lease-Up 260 Hillside/Northwest 05/01/2015 09/30/2017 09/01/2016 TOTAL LEASE-UP 1,704 10 Grant Park Village Phase II 3215 NE Weidler Street Portland OR 97232 Capstone Partners Under Construction 167 Lloyd/Irvington 01/01/2017 08/31/2018 11 1430 NW Glisan 1430 NW Glisan Street Portland OR 97209 Holland Partners Under Construction 243 Pearl District 03/24/2017 08/31/2018 12 Slabtown Blocks 294/295 1717 NW 21st Avenue Portland OR 97209 Cairn Pacific Under Construction 385 Hillside/Northwest 08/24/2016 07/31/2018 13 ArLo 6049 North Interstate Avenue Portland OR 97217 Fairfield Residential Under Construction 175 St Johns/University Park 01/31/2017 07/31/2018 14 Mississippi Avenue 810 North Fremont Street Portland OR 97227 Marathon Management Under Construction 152 Piedmont 06/01/2016 07/31/2018 15 Waterfront, The 907 West 7th Street Vancouver WA 98660 Gramor Development Under Construction 150 Downtown Vancouver 11/30/2016 05/31/2018 16 625 NW 21st Avenue 625 NW 21st Avenue Portland OR 97209 Urban Development Partners NW Under Construction 57 Hillside/Northwest 10/01/2016 04/30/2018 17 Amy, The 2031 SW 10th Avenue Portland OR 97201 College Housing Northwest Under Construction 141 Southwest Hills 11/08/2016 04/30/2018 18 Marine View NEC North Marine Drive & North Anchor Way Portland OR 97217 Prima Donna Development Under Construction 66 St Johns/University Park 03/01/2017 03/31/2018 19 Misty Ridge SE 157th Avenue & SE Misty Drive Happy Valley OR 97086 Gramor Development Under Construction 114 Happy Valley 05/15/2017 03/31/2018 20 134th Street Lofts 2220 NE 134th Street Vancouver WA 98686 Dean Kirkland Development Under Construction 93 Salmon Creek 09/01/2016 03/31/2018 21 Oliver Station 9202 SE Foster Road Portland OR 97266 PacifiCap Properties Under Construction 145 Brentwood/Darlington 10/01/2016 03/31/2018 22 Raleigh Street Block 294 NW 21st Avenue & NW Raleigh Street Portland OR 97209 Cairn Pacific Under Construction 220 Hillside/Northwest 08/16/2016 02/28/2018 23 Union Park 12419 NE 119th Street Vancouver WA 98682 Timberland Framing Under Construction 144 Battle Ground 02/01/2017 02/28/2018 24 Woods, The 25 North Fargo Street Portland OR 97227 Solterra Systems Under Construction 50 Piedmont 02/01/2017 02/28/2018 25 Vancouver Avenue 3956 North Vancouver Avenue Portland OR 97217 Marathon Management Under Construction 136 Piedmont 02/03/2017 02/28/2018 26 Union at St Johns, The 8247 North Lombard Street Portland OR 97203 Bolouri, Alireza Farid Under Construction 103 St Johns/University Park 08/01/2016 01/31/2018 27 North Hollow 1551 SW Taylor Street Portland OR 97205 Molasky Group of Companies, The Under Construction 122 Goose Hollow 01/01/2016 01/31/2018 28 Windward, The 140 A Avenue Lake Oswego OR 97034 PHK Development Under Construction 207 Lake Oswego 02/01/2016 01/01/2018 29 1931 North Williams 1931 North Williams Avenue Portland OR 97227 ConAm Under Construction 160 Lloyd/Irvington 06/30/2016 12/31/2017 30 Modera Pearl 1420 NW 14th Avenue Portland OR 97209 Mill Creek Residential Trust Under Construction 290 Pearl District 10/31/2015 12/31/2017 31 Marc, The 1916 SE 50th Avenue Portland OR 97215 Urban Development Group Under Construction 83 Laurelhurst 03/01/2016 12/31/2017 32 Heritage Villas 2306 NE 78th Street Vancouver WA 98665 Integrity Structures Under Construction 135 Hazel Dell 11/01/2016 12/31/2017 33 9101 SE Foster 9101 SE Foster Road Portland OR 97266 Portland Development Commission Under Construction 54 Brentwood/Darlington 11/01/2016 12/31/2017 34 Hoyt20 620 NE 20th Avenue Portland OR 97232 ScanlanKemperBard Companies Under Construction 59 Kerns/Buckman 02/28/2017 11/30/2017 35 Modera Belmont 818 SE 6th Avenue Portland OR 97214 Mill Creek Residential Trust Under Construction 202 Kerns/Buckman 05/01/2016 11/30/2017 36 Block 136 1241 NW Johnson Street Portland OR 97209 Security Properties Under Construction 208 Pearl District 03/23/2016 11/30/2017 37 Couch9 NWC NW 9th Avenue & NW Couch Street Portland OR 97209 Urban Asset Advisors Under Construction 137 Pearl District 03/16/2016 11/30/2017 38 Dianne, The 535 NW 11th Avenue Portland OR 97209 Carroll Investments Under Construction 102 Pearl District 05/01/2016 11/30/2017 39 Jefferson 14 1450 SW Jefferson Street Portland OR 97201 Everett Custom Homes Under Construction 61 Goose Hollow 06/30/2016 11/30/2017 40 Uptown, The NWC Main Street & West 17th Street Vancouver WA 98660 Cascadia Development Partners Under Construction 167 Downtown Vancouver 08/29/2016 10/31/2017 41 Stevens Creek 11360 SE Stevens Road Happy Valley OR 97086 Summit Real Estate Under Construction 140 Happy Valley 02/18/2016 10/31/2017 42 AmberGlen on the Park 20150 NW Amberglen Court Beaverton OR 97006 Wolff Company, The Under Construction 276 Tanasbourne 05/02/2016 10/31/2017 43 Aura Burnside 55 NE Grand Avenue Portland OR 97232 Trinsic Residential Group Under Construction 167 Kerns/Buckman 03/16/2016 09/30/2017 44 Little Loca 915 SE Belmont Street Portland OR 97214 Killian Pacific Under Construction 105 Kerns/Buckman 05/01/2016 09/30/2017 45 Lenox Addition 4455 SE 52nd Avenue Portland OR 97206 Rainier Pacific Development Under Construction 64 Brooklyn/Moreland 10/20/2016 09/30/2017 46 Bridgetown. The 4525 NE Fremont Street Portland OR 97213 Ethos Development Under Construction 50 Cully/Roseway 07/28/2016 09/30/2017 TOTAL UNDER CONSTRUCTION 5,330 47 1116 SW Washington Street 1116 SW Washington Street Portland OR 97205 Gerding Edlen Development Planned 222 Downtown Portland 48 12th & Market 1133 SW Market Street Portland OR 97201 Mortenson Planned 146 PSU/Lovejoy 49 Collective on 4th, The 325 SW Harrison Street Portland OR 97201 Core Spaces Planned 417 PSU/Lovejoy 50 13th & Ankeny Street SE 13th Avenue & SE Ankeny Street Portland OR 97214 Koz Development Planned 87 Kerns/Buckman 51 1500 NE Irving 1500 NE Irving Street Portland OR 97232 Swift Real Estate Partners Planned 80 Kerns/Buckman 52 2548 SE Ankeny 2548 SE Ankeny Street Portland OR 97214 Urban Development Group Planned 96 Kerns/Buckman 53 2869 NE Sandy Blvd 2869 NE Sandy Blvd Portland OR 97232 Fairfield Residential Planned 206 Kerns/Buckman 54 310 SE 12th Avenue 310 SE 12th Avenue Portland OR 97214 NFN Investments Planned 84 Kerns/Buckman 55 316 NE 28th Avenue 316 NE 28th Avenue Portland OR 97232 Urban Development Group Planned 119 Kerns/Buckman 56 550 SE Martin Luther King Jr Blvd 550 SE Martin Luther King Jr Blvd Portland OR 97214 Urban Development Partners NW Planned 50 Kerns/Buckman 57 Burnside Delta 22 SE 11th Avenue Portland OR 97214 Urban Development Group Planned 85 Kerns/Buckman 58 Grand Belmont 514 SE Belmont Street Portland OR 97214 Urban Asset Advisors Planned 121 Kerns/Buckman 59 Jantzen 518 NE 20th Avenue Portland OR 97232 Mapleton Investments Planned 211 Kerns/Buckman 60 Modera Buckman 909 SE 12th Avenue Portland OR 97214 Mill Creek Residential Trust Planned 170 Kerns/Buckman 61 Wistaria Heights 1950 NE Everett Street Portland OR 97232 JMW Properties Planned 55 Kerns/Buckman

Source: Yardi Matrix Portland New Construction and Proposed Multifamily Projects

FORECASTED ID PROPERTY NAME ADDRESS CITY STATE ZIP OWNER NAME STATUS UNITS SUBMARKET PERMIT DATE COMPLETION DATE START OF RENT-UP 62 1400 NE Multnomah 1400 NE Multnomah Street Portland OR 97232 Bisno Development Planned 688 Lloyd/Irvington 63 2405 North Vancouver 2405 North Vancouver Avenue Portland OR 97227 Lowry, Lane Planned 54 Lloyd/Irvington 64 2789 NE Halsey 2789 NE Halsey Street Portland OR 97232 Urban Development Group Planned 53 Lloyd/Irvington 65 Sullivan's Gulch 2034 NE Multnomah Street Portland OR 97232 PHK Development Planned 162 Lloyd/Irvington 66 1440 NW Overton Street 1440 NW Overton Street Portland OR 97209 Willamette Valley Company Planned 68 Pearl District 67 Broadstone Pearl 1400 NW Raleigh Street Portland OR 97209 Alliance Residential Company Planned 146 Pearl District 68 Modera Davis 205 NW 10th Avenue Portland OR 97209 Mill Creek Residential Trust Planned 204 Pearl District 69 Modera Glisan 1425 NW Glisan Street Portland OR 97209 Mill Creek Residential Trust Planned 291 Pearl District 70 1331 NW 17th Avenue 1331 NW 17th Avenue Portland OR 97209 Holland Partners Planned 196 Hillside/Northwest 71 1502 NW 19th Avenue 1502 NW 19th Avenue Portland OR 97209 Urban Asset Advisors Planned 88 Hillside/Northwest 72 22 Raleigh 2222 NW Raleigh Street Portland OR 97210 Macadam Forbes Planned 173 Hillside/Northwest 73 Conway Block 290 West 1417 NW 20th Avenue Portland OR 97209 Guardian Real Estate Services Planned 201 Hillside/Northwest 74 Fairmount Redevelopment 1920 NW 26th Avenue Portland OR 97210 Urban Development Partners NW Planned 80 Hillside/Northwest 75 George Besaw 2323 NW Savier Street Portland OR 97210 C.E. John Company Planned 51 Hillside/Northwest 76 North18 1126 NW 18th Avenue Portland OR 97209 H Hirshberger Company Planned 168 Hillside/Northwest 77 1500 SW Taylor Street 1500 SW Taylor Street Portland OR 97205 Molasky Group of Companies, The Planned 146 Goose Hollow 78 Press Blocks 817 SW 17th Avenue Portland OR 97205 Security Properties Planned 337 Goose Hollow 79 5833 SW Macadam 5833 SW Macadam Avenue Portland OR 97239 Zhang, Ye Planned 64 Southwest Hills 80 Multnomah Village Lofts 7707 SW Capitol Hwy Portland OR 97219 Urban Asset Advisors Planned 72 Southwest Hills 81 South Waterfront - Block 41 SW River Pkwy & SW Abernethy Street Portland OR 97239 Prometheus Real Estate Group Planned 300 Southwest Hills 82 1645 SE Nehalem Street 1645 SE Nehalem Street Portland OR 97202 Urban Development Group Planned 61 Brooklyn/Moreland 83 1717 SE Tenino 1717 SE Tenino Street Portland OR 97202 Urban Development Group Planned 79 Brooklyn/Moreland 84 4926 SE Division Street 4926 SE Division Street Portland OR 97206 Urban Development Group Planned 127 Brooklyn/Moreland 85 5415 Milwaukie Avenue 5415 SE Milwaukie Avenue Portland OR 97202 La Porte & Associates Planned 80 Brooklyn/Moreland 86 8145 6th Avenue 8145 SE 6th Avenue Portland OR 97202 Richardson, Diana J. Planned 100 Brooklyn/Moreland 87 8222 SE 6th Avenue 8222 SE 6th Avenue Portland OR 97202 LCHS Enterprises Planned 119 Brooklyn/Moreland 88 Boys & Girls Club Redevelopment 7119 SE Milwaukie Avenue Portland OR 97202 NFN Investments Planned 232 Brooklyn/Moreland 89 West Moreland, The 5209 SE 18th Avenue Portland OR 97202 Lowry, Lane Planned 59 Brooklyn/Moreland 90 Laurel 42 4242 NE Halsey Street Portland OR 97213 Deacon Planned 100 Madison South 91 Crawford 8301 North Crawford Street Portland OR 97203 Mainland Companies, The Planned 101 St Johns/University Park 92 Harbor Sky 1055 North Anchor Way Portland OR 97217 Labunsky, Eugene Planned 264 St Johns/University Park 93 6400 SW Canyon Court 6400 SW Canyon Court Portland OR 97221 Tandem Property Management Planned 244 West Haven 94 Woodie Guthrie Place 5728 SE 91st Avenue Portland OR 97266 ROSE Community Development Planned 68 Brentwood/Darlington 95 East Burnside 10506 East Burnside Street Portland OR 97216 Affinity Property Management Planned 52 Hazelwood 96 Parkside Lofts Phase II 17701 SE Mill Plain Blvd Vancouver WA 98683 PacTrust Planned 115 Mill Plain 97 Denaly 7919 NE Fourth Plain Blvd Vancouver WA 98662 Troxler, Michael E. Planned 50 McLoughlin 98 Esther, The NWC West 6th Street & Esther Street Vancouver WA 98660 Cascadia Development Partners Planned 125 Downtown Vancouver 99 Jefferson, The 807 Jefferson Street Vancouver WA 98660 HSP Properties Planned 89 Downtown Vancouver 100 Sunset Gardens SWC SW 158th Avenue & SW Baseline Road Beaverton OR 97006 AG Spanos Companies Planned 210 Beaverton 101 Westgate 3950 SW Cedar Hills Blvd Beaverton OR 97005 Rembold Properties Planned 230 Beaverton 102 River Terrace East 13240 SW Roy Rogers Road Sherwood OR 97140 Arbor Planned 141 Greenway 103 Sherwood 16390 SW Langer Drive Sherwood OR 97140 Mercury Development Planned 82 Tualatin 104 206th Avenue & Wilkins Street NW 206th Avenue & NW Wilkins Street Hillsboro OR 97006 Grand Peaks Properties Planned 114 Tanasbourne 105 Aniva 5009 North Interstate Avenue Portland OR 97217 Morford, Philip Planned 270 Piedmont 106 Antelope 177 North Failing Street Portland OR 97217 Solterra Systems Planned 88 Piedmont 107 Delta 3403 North Mississippi Avenue Portland OR 97227 Winkler Development Planned 214 Piedmont 108 Strata, The 3185 North Vancouver Avenue Portland OR 97227 Solterra Systems Planned 240 Piedmont 109 Williams Avenue 4018 North Williams Avenue Portland OR 97227 VWR Development Planned 66 Piedmont 110 19896 Beavercreek Road 19896 South Beavercreek Road Oregon City OR 97045 Evergreen Housing Development Group Planned 180 Outlying Clackamas County 111 RiverPlace Parcel 3 2095 SW River Pkwy Portland OR 97201 Williams & Dame Development Planned 371 PSU/Lovejoy 112 Atomic Orchard Lofts 2510 NE Sandy Blvd Portland OR 97232 Guerrilla Development Company Planned 86 Kerns/Buckman 113 Block 45 1034 NE Grand Avenue Portland OR 97232 Home Forward Planned 240 Lloyd/Irvington 114 Derby Slabtown 1015 NW 16th Avenue Portland OR 97209 Koz Development Planned 128 Hillside/Northwest 115 5965 SE Milwaukie Avenue 5965 SE Milwaukie Avenue Portland OR 97202 Urban Development Group Planned 54 Brooklyn/Moreland 116 Vancouvercenter Phase II NWC West 6th Street & Washington Street Vancouver WA 98660 Vandevco Development Planned 113 Downtown Vancouver VA TOTAL PLANNED 10,583 117 4W 419 SW Washington Street Portland OR 97204 Greystar Prospective 400 Downtown Portland 118 140 SW Columbia Street 140 SW Columbia Street Portland OR 97201 Alamo Manhattan Prospective 100 PSU/Lovejoy 119 2390 SE Hawthorne Blvd 2390 SE Hawthorne Blvd Portland OR 97214 TMT Development Prospective 59 Kerns/Buckman 120 5 MLK 5 SE Martin Luther King Jr. Blvd Portland OR 97214 Gerding Edlen Development Prospective 220 Kerns/Buckman 121 710 East Burnside Street 710 East Burnside Street Portland OR 97214 Andrews Management Prospective 55 Kerns/Buckman 122 Element 78 139 SE Martin Luther King Jr Blvd Portland OR 97214 BRIDGE Housing Prospective 343 Kerns/Buckman

Source: Yardi Matrix Portland New Construction and Proposed Multifamily Projects

FORECASTED ID PROPERTY NAME ADDRESS CITY STATE ZIP OWNER NAME STATUS UNITS SUBMARKET PERMIT DATE COMPLETION DATE START OF RENT-UP 123 Slate Phase II SEC 3rd Avenue & Davis Street Portland OR 97232 Urban Development Partners NW Prospective 105 Kerns/Buckman 124 Oregon Square 710 NE Holladay Street Portland OR 97232 American Assets Prospective 944 Lloyd/Irvington 125 1319 NW Johnson Street 1319 NW Johnson Street Portland OR 97209 Paul Properties Prospective 58 Pearl District 126 930 NW 14th Avenue 930 NW 14th Avenue Portland OR 97209 Killian Pacific Prospective 50 Pearl District 127 Broadway Corridor NW Broadway & NW Hoyt Street Portland OR 97209 Portland Development Commission Prospective 50 Pearl District 128 Centennial Mills 1362 NW Naito Pkwy Portland OR 97209 Portland Development Commission Prospective 150 Pearl District 129 Fremont 1650 NW Naito Pkwy Portland OR 97209 Lincoln Property Company Prospective 270 Pearl District 130 Parq 350 NW 12th Avenue Portland OR 97209 Solterra Systems Prospective 50 Pearl District 131 1111 NW 16th Avenue 1111 NW 16th Avenue Portland OR 97209 Koz Development Prospective 95 Hillside/Northwest 132 2135 NW 29th Avenue 2135 NW 29th Avenue Portland OR 97210 Cairn Pacific Prospective 350 Hillside/Northwest 133 Flanders Cohousing 404 NW 23rd Avenue Portland OR 97210 Urban Development Partners NW Prospective 50 Hillside/Northwest 134 St. Mary’s Cathedral 1716 NW Davis Street Portland OR 97209 St. Mary’s Cathedral of the Immaculate Conception Prospective 200 Hillside/Northwest 135 1638 West Burnside Street 1638 West Burnside Street Portland OR 97209 Harsch Investment Properties Prospective 138 Goose Hollow 136 MAC Club Residential 1112 SW 20th Avenue Portland OR 97205 Mill Creek Residential Trust Prospective 258 Goose Hollow 137 4949 SW Macadam 4949 SW Macadam Avenue Portland OR 97239 Freeman, Eric & Jenny Prospective 117 Southwest Hills 138 South Waterfront Block 40 3714 SW Macadam Avenue Portland OR 97239 Doug Bean & Associates Prospective 400 Southwest Hills 139 South Waterfront Blocks 42 and 45 SW River Pkwy & SW Abernethy Street Portland OR 97239 Prometheus Real Estate Group Prospective 512 Southwest Hills 140 Zidell Yards Phase 1 Block 1 3201 SW Moody Avenue Portland OR 97239 ZRZ Realty Prospective 120 Southwest Hills 141 Zidell Yards Phase 2 SW Gaines Street & SW Bond Avenue Portland OR 97239 ZRZ Realty Prospective 50 Southwest Hills 142 Zidell Yards Phase 3 SW Gaines Street & SW Bond Avenue Portland OR 97239 ZRZ Realty Prospective 50 Southwest Hills 143 5101 SE 17th Avenue 5101 SE 17th Avenue Portland OR 97202 Hallett Realty Group Prospective 126 Brooklyn/Moreland 144 Y Arts Center Redevelopment 6036 SE Foster Road Portland OR 97206 Summit Real Estate Prospective 54 Brooklyn/Moreland 145 4904 Hawthorne 4904 SE Hawthorne Blvd Portland OR 97215 Fraternal Order Of Eagles Prospective 210 Laurelhurst 146 Hollywood Square NEC NE Sandy Blvd & NE 35th Avenue Portland OR 97232 Cascadia Development Partners Prospective 90 Laurelhurst 147 4708 NE Sandy Blvd 4708 NE Sandy Blvd Portland OR 97213 Koz Development Prospective 114 Madison South 148 5036 NE Sandy Blvd 5036 NE Sandy Blvd Portland OR 97213 Ness, Gretel Prospective 89 Madison South 149 North Richmond 6620 North Richmond Avenue Portland OR 97203 Mainland Companies, The Prospective 96 St Johns/University Park 150 Yacht Harbor Club Phase II 11505 NE Yacht Harbor Drive Portland OR 97217 Gateway National Prospective 198 St Johns/University Park 151 B Avenue NEC 1st Street & B Avenue Lake Oswego OR 97034 TMT Development Prospective 60 Lake Oswego 152 10840 SE Salmon Street 10840 SE Salmon Street Portland OR 97216 Lowry, Lane Prospective 146 Hazelwood 153 Gateway Area 244 NE 99th Avenue Portland OR 97220 Law, Robert M. Prospective 58 Hazelwood 154 Jade, The 1346 NE 108th Avenue Portland OR 97220 Housing Development Center Prospective 50 Hazelwood 155 192nd Avenue Station Lofts SWC SE 192nd Avenue & SE 20th Street Camas WA 98607 Dean Kirkland Development Prospective 73 Mill Plain 156 SE 192nd Avenue & SE 20th Street SE 20th Street & SE 192nd Avenue Street Vancouver WA 98683 Green Mountain Estates Prospective 126 Mill Plain 157 Westridge Lofts 2221 SE 192nd Avenue Camas WA 98607 Dean Kirkland Development Prospective 110 Mill Plain 158 313 SE Ellsworth 313 SE Ellsworth Road Vancouver WA 98664 Oliva, Steven Prospective 162 McLoughlin 159 Ellsworth SE Ellsworth Road & SE 5th Street Vancouver WA 98664 HSP Properties Prospective 129 McLoughlin 160 Maplelane Road Maplelane Road & Beavercreek Road Oregon City OR 97045 Historic Properties Prospective 120 Oregon City 161 2800 SE 122nd Avenue 2800 SE 122nd Avenue Portland OR 97236 Urban Visions Prospective 100 Pleasant Valley 162 Halsey Street 16539 NE Halsey Street Gresham OR 97230 Pacific Western Holdings Prospective 64 Wilkes 163 5501 Saint Johns 5501 NE Saint Johns Road Vancouver WA 98661 Do, Liem Prospective 50 Walnut Grove 164 Arbor at West Park 16415 NW Brugger Road Portland OR 97229 Arbor Prospective 228 Rock Creek 165 North Bethany Crest NWC NW Brugger Road & NW Kaiser Road Portland OR 97229 Arbor Prospective 276 Rock Creek 166 Columbia Palisades SE 192nd Avenue & SE Brady Road Vancouver WA 98484 Weston, Joseph E. Prospective 300 Creswell Heights 167 1332 North Skidmore 1332 North Skidmore Street Portland OR 97217 Sassalos, James Prospective 158 Piedmont 168 3802 NE Martin Luther King Jr Blvd 3802 NE Martin Luther King Jr Blvd Portland OR 97212 Albina Construction Prospective 89 Piedmont 169 3928 North Williams Avenue 3928 North Williams Avenue Portland OR 97227 project^ Prospective 50 Piedmont 170 5327 Interstate Avenue 5327 North Interstate Avenue Portland OR 97217 Fairfield Residential Prospective 141 Piedmont 171 829 N Russell Street 829 North Russell Street Portland OR 97227 Hallett Realty Group Prospective 78 Piedmont 172 2211 SW 4th Avenue 2211 SW 4th Avenue Portland OR 97201 Koz Development Prospective 108 PSU/Lovejoy 173 4th Avenue & Davis Street NW 4th Avenue & NW Davis Street Portland OR 97209 Guardian Real Estate Services Prospective 167 Pearl District 174 Naito & Broadway Bridge 1201 NW Naito Pkwy Portland OR 97209 Wolff Company, The Prospective 246 Pearl District 175 Halsey Street & 106th Avenue NE Halsey Street & NE 106th Avenue Portland OR 97720 Portland Development Commission Prospective 75 Hazelwood TOTAL PROSPECTIVE 9,335 TOTAL PORTLAND 26,952

© 2017 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