Philadelphia - Suburban New Construction & Proposed Multifamily Projects 4Q19

Lease-Up Under Construction Planned ProspectiveLEGEND

ID PROPERTY UNITS1 Promenade at Upper Dublin, The 402

Total Lease Up 402

12 200 Witmer Road 256

14 Promenade at Upper Dublin, The 404

15 Willow Pointe 246

16 University Village 147

Total Under Construction 1,053

25 Sellersville Senior Residences 50

26 Townhomes at Wrenfield, The 98

27 Residences at Providence Town Center 656

28 Mainland Pointe 60

29 Walnut Crossing 210

Total Planned 1,074

60 Broad Street 62

61 Holly Road 204

62 New Hanover Town Center 734

63 Sanatoga Green 310

66 Trappe Village 96

67 Derstine Run Phase IV 60

68 Forty Foot Road Subdivision 326

69 Oak Drive 133

70 Oak Drive Town Homes 62

71 Village of Windsor, The 186

72 Willow Grove Air Base Redevelopment 500

78 Main Street 59

80 Arcadia Green 76

Total Prospective 2,808 Source: Yardi Matrix2 mi

Philadelphia - Suburban New Construction & Proposed Multifamily Projects 4Q19

Lease-Up Under Construction Planned ProspectiveLEGEND

ID PROPERTY UNITS2 Jefferson Mount Laurel 490

3 Haddon Point 240

Total Lease Up 730

19 Residences at Renaissance Square 338

21 503 Fellowship Road 144

22 Pearl Pointe 184

Total Under Construction 666

51 Harvest House 52

52 Victory West 370

53 Mount Holly Gardens 150

54 Ocean Spray Plant Redevelopment 86

57 202 Park 192

58 Hampton Road 252

59 Route 206 Multi-Residential Development 272

Total Planned 1,374

81 Prickett Run At Edgewood 100

82 New Falls Road Residential Development 58

96 Lanning Square Washington & West Street 100

97 307 Harper Drive 75

98 Burlington Dream 360

99 Cedar Lane 240

100 Centerton & Hartford Housing 150

101 Residences at Wexford, The 300

102 Rivergate Bordentown Waterfront Phase II 175

Total Prospective 1,558 Source: Yardi Matrix2 mi

Philadelphia - Suburban New Construction & Proposed Multifamily Projects 4Q19

Lease-Up Under Construction Planned ProspectiveLEGEND

ID PROPERTY UNITS4 Residences at Bentwood, The 261

5 J Creekside at Exton 291

7 Arlo 244

8 Skye 750 248

Total Lease Up 1,044

13 Ravello, The 175

17 Hanover Town Center 390

20 Hanover Exton Square 342

23 Station Square 153

Total Under Construction 1,060

30 2501 Renaissance Blvd 290

31 2901 Renaissance Blvd 300

32 Kennedy Kenrick Senior 206

33 State Street Lofts 187

34 Lochiel Farm 140

35 Royal Worthington Phase II, The 250

36 Royal Worthington Phase III, The 250

37 Franklin Mint Property 302

Total Planned 1,925

64 Luxor at Phoenixville 204

65 Phoenixville Senior Housing 50

73 Ambler Crossings 115

74 Longfield Farm Townhomes 58

75 Bridgeview 250

76 King of Prussia Mall Renovation 50

77 Montgomery Park Phase II 50

79 1125 Virginia Drive 200

83 Lloyd Farm / Wild Meadows Age Qualified Residential Community 120

84 Route 30 Development 230

85 Crebilly Farm II 319

86 Matlack Street Apartment Building 205

87 Swedesford Plaza Redevelopment 250

88 Promenade at Granite Run Phase II 208

89 Residences at Marple Preserve 140

95 Homestead at Harmony Renovation 55

Total Prospective 2,504 Source: Yardi Matrix2 mi

Philadelphia - Suburban New Construction & Proposed Multifamily Projects 4Q19

Lease-Up Under Construction Planned ProspectiveLEGEND

ID PROPERTY UNITS6 Garrison, The 120

10 Rockwood Phase II 258

11 West Creek Village Phase II 140

Total Lease Up 518

38 268 East Main Street 52

39 Avon Site Redevelopment 220

40 College Square Redevelopment 306

41 Dickinson Housing Development 91

50 Glasgow Farm 330

55 Rudy Park Redevelopment 150

56 Southfields of Elkton Mixed-Use 1,000

Total Planned 2,149

93 Rockwood Phase III 180

94 Richwood Village 1,200

Total Prospective 1,380 Source: Yardi Matrix2 mi

Philadelphia - Suburban New Construction & Proposed Multifamily Projects 4Q19

Lease-Up Under Construction Planned ProspectiveLEGEND

ID PROPERTY UNITS9 Pearl Center, The 51

Total Lease Up 51

18 Flats Phase III, The 77

24 Columbia Place at Garden of Eden Road 50

Total Under Construction 127

42 Avenue North 335

43 Concord, The Phase II 166

44 210 Market Cooper Mixed Use 90

45 517 North Shipley Street 208

46 DuPont 180

47 New Compton Townhouses Renovation 76

48 Quaker Arts 53

49 Riverside Redevelopment-Phase I 74

Total Planned 1,182

90 Barley Mill Plaza Redevelopment 113

91 Brandywine Country Club 360

92 Paladin Club XII 64

Total Prospective 537 Source: Yardi Matrix2000 ft

Philadelphia - Suburban New Construction and Proposed Multifamily Projects

Source: Yardi Matrix

ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE

FORECASTED COMPLETION DATE

START OFRENT-UP

1 Promenade at Upper Dublin, The Dreshertown Road & Welsh Road Dresher PA 19025 Lease-Up 402 Hatboro - Warminster 11/28/2018 10/31/2020 04/17/2019

2 Jefferson Mount Laurel 12000 Knox Way Mount Laurel NJ 08054 Lease-Up 490 Mount Holly 01/26/2018 08/31/2020 04/17/2019

3 Haddon Point 2100 Haddonfield Road Pennsauken Township NJ 08110 Lease-Up 240 Cinnaminson 09/30/2017 06/30/2020 11/01/2018

4 Residences at Bentwood, The 201 East Germantown Pike East Norriton PA 19401 Lease-Up 261 Norristown 06/27/2018 03/31/2020 11/21/2019

5 J Creekside at Exton 351 Creamery Way Exton PA 19341 Lease-Up 291 Exton -Downingtown 12/11/2018 03/31/2020 11/18/2019

6 Garrison, The 505 West 7th Street New Castle DE 19720 Lease-Up 120 New Castle 05/01/2017 02/29/2020 04/01/2019

7 Arlo 56 East Swedesford Road Malvern PA 19355 Lease-Up 244 Malvern 11/29/2018 01/31/2020 11/18/2019

8 Skye 750 750 Moore Road King of Prussia PA 19406 Lease-Up 248 Norristown 06/01/2018 01/31/2020 09/02/2019

9 Pearl Center, The 300 East 8th Street Wilmington DE 19801 Lease-Up 51 Wilmington - central 01/08/2018 01/31/2020 02/22/2019

10 Rockwood Phase II 100 Cindy Drive Newark DE 19702 Lease-Up 258 Bear 11/01/2016 01/31/2020 02/01/2017

11 West Creek Village Phase II 1600 West Creek Village Drive Elkton MD 21921 Lease-Up 140 Cecil County 01/01/2014 01/31/2020 09/01/2014

Total Lease-Up 2,74512 200 Witmer Road 200 Witmer Road Horsham PA 19044 Under Construction 256 Hatboro - Warminster 11/27/2019 05/31/2021

13 Ravello, The 603 Millers Hill Kennett Square PA 19348 Under Construction 175 Oxford - Kennett Square 10/05/2019 05/31/2021

14 Promenade at Upper Dublin, The SEC Dreshertown Road & Welsh Road Dresher PA 19025 Under Construction 404 Hatboro - Warminster 01/31/2019 01/31/2021

15 Willow Pointe 2405 Maryland Road Willow Grove PA 19090 Under Construction 246 Hatboro - Warminster 01/31/2019 01/31/2021

16 University Village 409 East Butler Avenue New Britain PA 18901 Under Construction 147 Doylestown 08/01/2019 12/31/2020

17 Hanover Town Center 350 Village Drive King of Prussia PA 19406 Under Construction 390 Norristown 11/29/2018 11/30/2020

18 Flats Phase III, The 615 North Bancfroft Pkwy Wilmington DE 19805 Under Construction 77 Wilmington - west 07/31/2019 10/31/2020

19 Residences at Renaissance Square 101 East Route 70 Marlton NJ 08053 Under Construction 338 Marlton - Medford 10/01/2018 10/31/2020

20 Hanover Exton Square 181 North Pottstown Pike Exton PA 19341 Under Construction 342 Exton -Downingtown 01/31/2019 09/30/2020

21 503 Fellowship Road 503 Fellowship Road Mount Laurel NJ 08054 Under Construction 144 Marlton - Medford 07/01/2019 09/30/2020

22 Pearl Pointe High Street & Pearl Blvd Burlington NJ 08016 Under Construction 184 Willingboro 06/13/2018 07/31/2020

23 Station Square 37 North Valley Road Paoli PA 19301 Under Construction 153 Malvern 12/11/2018 04/30/2020

24 Columbia Place at Garden of Eden Road 100 Garden of Eden Road Wilmington DE 19803 Under Construction 50 Wilmington - west 05/20/2019 03/31/2020

Total Under Construction 2,90625 Sellersville Senior Residences East Clymer Avenue & Diamond Street Sellersville PA 18960 Planned 50 Perkasie

26 Townhomes at Wrenfield, The 1230 Route 100 North Fogelsville PA 18051 Planned 98 Glenmoore

27 Residences at Providence Town Center Arcola Road & South Collegeville Road Collegeville PA 19426 Planned 656 Audubon

Philadelphia - Suburban New Construction and Proposed Multifamily Projects

Source: Yardi Matrix

ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE

FORECASTED COMPLETION DATE

START OFRENT-UP

28 Mainland Pointe 210 Main Street Lower Salford Township PA 19438 Planned 60 Lansdale

29 Walnut Crossing 43 West 3rd Street Lansdale PA 19446 Planned 210 Lansdale

30 2501 Renaissance Blvd 2501 Renaissance Blvd King of Prussia PA 19406 Planned 290 Norristown

31 2901 Renaissance Blvd 2901 Renaissance Blvd King of Prussia PA 19406 Planned 300 Norristown

32 Kennedy Kenrick Senior 250 East Johnson Hwy Norristown PA 19401 Planned 206 Norristown

33 State Street Lofts 600 West State Street Kennett Square PA 19348 Planned 187 Oxford - Kennett Square

34 Lochiel Farm 891 East Lincoln Hwy Exton PA 19341 Planned 140 Exton -Downingtown

35 Royal Worthington Phase II, The 41 Morehall Road Malvern PA 19355 Planned 250 Malvern

36 Royal Worthington Phase III, The 45 Creekside Lane Malvern PA 19355 Planned 250 Malvern

37 Franklin Mint Property 1408 West Baltimore Pike Media PA 19063 Planned 302 Media

38 268 East Main Street 268 East Main Street Newark DE 19711 Planned 52 Newark

39 Avon Site Redevelopment 2100 Ogletown Road Newark DE 19711 Planned 220 Newark

40 College Square Redevelopment 100 College Square Newark DE 19711 Planned 306 Newark

41 Dickinson Housing Development 404 Academy Street Newark DE 19716 Planned 91 Newark

42 Avenue North 1800 Concord Pike Wilmington DE 19803 Planned 335 Wilmington - west

43 Concord, The Phase II 3575 Silverside Road Wilmington DE 19810 Planned 166 Wilmington - west

44 210 Market Cooper Mixed Use 214 North Market Street Wilmington DE 19801 Planned 90 Wilmington - central

45 517 North Shipley Street 517 North Shipley Street Wilmington DE 19801 Planned 208 Wilmington - central

46 DuPont 1007 North Market Street Wilmington DE 19899 Planned 180 Wilmington - central

47 New Compton Townhouses Renovation 831 Towne Court Wilmington DE 19801 Planned 76 Wilmington - central

48 Quaker Arts 801 West Street Wilmington DE 19801 Planned 53 Wilmington - central

49 Riverside Redevelopment-Phase I 1400 Todds Lane Wilmington DE 19802 Planned 74 Wilmington - central

50 Glasgow Farm 2467 Pulaski Hwy Newark DE 19702 Planned 330 Bear

51 Harvest House 52 East Main Street Marlton NJ 08053 Planned 52 Marlton - Medford

52 Victory West 110 Woodcrest Road Cherry Hill NJ 08003 Planned 370 Marlton - Medford

53 Mount Holly Gardens NEC Mt. Holly Avenue Bypass & Rancocas Road Mount Holly NJ 08060 Planned 150 Mount Holly

54 Ocean Spray Plant Redevelopment 104 East Park Street Bordentown NJ 08505 Planned 86 Bordentown - Browns Mills

55 Rudy Park Redevelopment 150 East Main Street Elkton MD 21921 Planned 150 Cecil County

56 Southfields of Elkton Mixed-Use Augustine Herman Hwy & Frenchtown Road Elkton MD 21921 Planned 1,000 Cecil County

57 202 Park 202 Park Blvd Cherry Hill NJ 08002 Planned 192 Cherry Hill

Philadelphia - Suburban New Construction and Proposed Multifamily Projects

Source: Yardi Matrix

ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE

FORECASTED COMPLETION DATE

START OFRENT-UP

58 Hampton Road Cuthbert Blvd & Hampton Road Cherry Hill NJ 08002 Planned 252 Cherry Hill

59 Route 206 Multi-Residential Development 596 Route 206 Bordentown NJ 08505 Planned 272 Bordentown - Browns Mills

Total Planned 7,70460 Broad Street 1409 West Broad Street Quakertown PA 18951 Prospective 62 Perkasie

61 Holly Road Holly Road & Industrial Drive Gilbertsville PA 19525 Prospective 204 Pottstown

62 New Hanover Town Center 1886 Swamp Pike Gilbertsville PA 19525 Prospective 734 Pottstown

63 Sanatoga Green 313 Evergreen Road Pottstown PA 19464 Prospective 310 Pottstown

64 Luxor at Phoenixville 723 Wheatland Street Phoenixville PA 19460 Prospective 204 Phoenixville

65 Phoenixville Senior Housing 115 Buchanan Street Phoenixville PA 19460 Prospective 50 Phoenixville

66 Trappe Village 118 West 7th Avenue Trappe PA 19426 Prospective 96 Audubon

67 Derstine Run Phase IV 84 Derstine Road Hatfield PA 19440 Prospective 60 Lansdale

68 Forty Foot Road Subdivision Forty Foot Road & McArthur Drive Hatfield PA 19440 Prospective 326 Lansdale

69 Oak Drive Oak Drive & Harleysville Pike Harleysville PA 19438 Prospective 133 Lansdale

70 Oak Drive Town Homes NEC Harleysville Pike & Oak Drive Harleysville PA 19438 Prospective 62 Lansdale

71 Village of Windsor, The 981 North Wales Road Gwynedd PA 19454 Prospective 186 Lansdale

72 Willow Grove Air Base Redevelopment County Line Road & Easton Road Easton PA 19044 Prospective 500 Lansdale

73 Ambler Crossings 201 South Chestnut Street Ambler PA 19002 Prospective 115 Ambler

74 Longfield Farm Townhomes Butler Pike & West Skippack Pike Norristown PA 19405 Prospective 58 Ambler

75 Bridgeview 5 West Front Street Bridgeport PA 19405 Prospective 250 Norristown

76 King of Prussia Mall Renovation 160 North Gulph Road Philadelphia PA 19110 Prospective 50 Norristown

77 Montgomery Park Phase II 1301 Powell Street Norristown PA 19401 Prospective 50 Norristown

78 Main Street 263 North Main Street Doylestown PA 18901 Prospective 59 Doylestown

79 1125 Virginia Drive 1125 Virginia Drive Fort Washington PA 19034 Prospective 200 Hatboro - Warminster

80 Arcadia Green Buck Road & Newtown Bypass Newtown Township PA 18940 Prospective 76 Feasterville - Langhorne

81 Prickett Run At Edgewood 930 Stony Hill Road Morrisville PA 19067 Prospective 100 Feasterville - Langhorne

82 New Falls Road Residential Development 7405 New Falls Road Levittown PA 19055 Prospective 58 Fairless Hills - Morrisville

83 Lloyd Farm / Wild Meadows Age Qualified Residential Community 32 East Lancaster Avenue West Bradford PA 19335 Prospective 120 Exton -Downingtown

84 Route 30 Development Lancaster Avenue & Woodbine Road Caln Township PA 19335 Prospective 230 Exton -Downingtown

85 Crebilly Farm II South New Street & West Rosedale Avenue West Chester PA 19382 Prospective 319 West Chester

Philadelphia - Suburban New Construction and Proposed Multifamily Projects

Source: Yardi Matrix

ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE

FORECASTED COMPLETION DATE

START OFRENT-UP

86 Matlack Street Apartment Building 956 South Matlack Street West Chester PA 19382 Prospective 205 West Chester

87 Swedesford Plaza Redevelopment 400 Swedesford Road Berwyn PA 19312 Prospective 250 Berwyn

88 Promenade at Granite Run Phase II 1067 West Baltimore Pike Media PA 19063 Prospective 208 Broomall

89 Residences at Marple Preserve Reed Road & Sproul Road Marple Township PA 19008 Prospective 140 Broomall

90 Barley Mill Plaza Redevelopment DE-141 & Lancaster Pike Wilmington DE 19805 Prospective 113 Wilmington - west

91 Brandywine Country Club 2822 Shipley Road Wilmington DE 19810 Prospective 360 Wilmington - west

92 Paladin Club XII 400 Paladin Drive Wilmington DE 19802 Prospective 64 Claymont - Wilmington north

93 Rockwood Phase III Pulaski Hwy & Rockwood Drive Newark DE 19702 Prospective 180 Bear

94 Richwood Village SWC Aura Road & Mullica Hill Road Mullica Hill NJ 08062 Prospective 1,200 Bridgeport - Woodstown

95 Homestead at Harmony Renovation 400 Harmony Road Gibbstown PA 08027 Prospective 55 Woodbury

96 Lanning Square Washington & West Street SWC Washington Street & West Street Camden NJ 08103 Prospective 100 Camden - Pennsauken Township

97 307 Harper Drive 307 Harper Drive Moorestown NJ 08057 Prospective 75 Cinnaminson

98 Burlington Dream 1101 East Pearl Street Burlington NJ 08016 Prospective 360 Willingboro

99 Cedar Lane 2054 130 Rte Burlington Township PA 08016 Prospective 240 Willingboro

100 Centerton & Hartford Housing Centerton Road & Hartford Road Moorestown PA 08057 Prospective 150 Cinnaminson

101 Residences at Wexford, The 1788 State Route 38 Lumberton NJ 08048 Prospective 300 Mount Holly

102 Rivergate Bordentown Waterfront Phase II 500 Bluff View Circle Bordentown NJ 08505 Prospective 175 Bordentown - Browns Mills

Total Prospective 8,787

TOTAL PHILADELPHIA - SUBURBAN 22,142

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