Las Vegas New Construction & Proposed Multifamily Projects 2Q20

Source: Yardi Matrix1 mi

6

2873

65

64

5853

56

55

54

60

5759

1

Lease-Up Under Construction Planned ProspectiveLEGEND

ID PROPERTY UNITS

1 The Aviary 330

Total Lease Up 330

6 Life Time Living Green Valley 148

Total Under Construction 148

28 The Summit on Boulder Highway 144

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

58 Juniper Trails 302

59 South Mountain Vista Street & Olympic Avenue

392

60 Waverly 254

64 Pebble Road and Eastern Avenue 195

65 Wigwam Lofts 350

73 East Ford Avenue & South Maryland Pkwy

100

Total Prospective 2,121

Las Vegas New Construction & Proposed Multifamily Projects 2Q20

Source: Yardi Matrix1 mi

16

17 20

35

36

3785

84

72

61

63

62

86

89

81

92

82

88

87

83

5

Lease-Up Under Construction Planned ProspectiveLEGEND

ID PROPERTY UNITS

5 Revolution 340

Total Lease Up 340

16 SUR702 316

17 Tuscan Highlands 304

20 LV Amigo LLC 374

Total Under Construction 994

35 Alta Southern Highlands 232

36 The Arch 754

37 Neal Avenue Lofts Phase I 193

Total Planned 1,179

61 Amigo & Larson 132

62 Aspen Heights Henderson 312

63 Broadstone Avina 187

72 Bermuda and St. Rose 219

81 8090 Giles Street 235

82 Blue Diamond Road & South Lindell Road

320

83 Blue Diamond Road & South Quarterhorse Lane

92

84 Ely at Rainbow 271

85 Gilespie Street & East Starr Avenue 220

86 Neal Avenue Lofts Phase II 382

87 Silverado Ranch Blvd 68

88 Warmington 320

89 South Fort Apache Road & West Wigwam Avenue

160

92 LV Rainbow LLC 360

Total Prospective 3,278

Las Vegas New Construction & Proposed Multifamily Projects 2Q20

Source: Yardi Matrix2000 ft

79

1512

11

26

27

29

46

69

67

68

71

66

48

45

42

44 43

47

2

Lease-Up Under Construction Planned ProspectiveLEGEND

ID PROPERTY UNITS

2 shareDOWNTOWN 63

Total Lease Up 63

7 Auric 324

9 Aspen Heights 290

11 Elysian at the Palms 285

12 Twain 287

15 Elysian at Hughes Center 368

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

43 Downtown 57 219

44 Downtown 57 Phase II 250

45 Downtown at 11th 84

46 Huntridge Theater Redevelopment 50

47 Live201 117

48 Midtown - Downtown 478

66 The Palms Redevelopment 1,480

67 Channel 10 Drive 72

68 The Park at 3900 400

69 U District Phases II & III 364

71 Polaris Avenue & Spring Mountain Road 471

Total Prospective 4,245

Las Vegas New Construction & Proposed Multifamily Projects 2Q20

Source: Yardi Matrix2000 ft

8

13

14

18

31

33

34

32

30

76

75

78

74

77

79

80

4

3

Lease-Up Under Construction Planned ProspectiveLEGEND

ID PROPERTY UNITS

3 Pace 192

4 Eden Phase II 128

Total Lease Up 320

8 Level 25 at Sunset 260

13 Level 25 at Oquendo Phase II 59

14 Tesora Phase II 92

18 2one5 – Phase II 124

Total Under Construction 535

30 The Abode - Buffalo Sunset 418

31 Ely at Fort Apache 206

32 Elysian at Sunset 384

33 KAKTUSlife @the curve 356

34 Sunset Road 326

Total Planned 1,690

74 Betty's Village 70

75 KAKTUSlife @the curve Phase II 258

76 Martin Avenue 332

77 Resort Lofts 160

78 Tropicana Avenue Senior 174

79 UnCommons 875

80 West Hacienda Avenue & South Riley Street

181

Total Prospective 2,050

Las Vegas New Construction & Proposed Multifamily Projects 2Q20

Source: Yardi Matrix1 mi

10

1923

25

22 24

21

52

49

70

38

50

51

41

91

40

39

90

Lease-Up Under Construction Planned ProspectiveLEGEND

ID PROPERTY UNITS

10 Elysian at Tivoli 359

19 LV Maule LLC 344

Total Under Construction 703

21 Elysian at Centennial 306

22 Grand Canyon Shopping Center Residential

60

23 Montecito 491

24 Vue at Centennial Phase III 314

25 Crystal Park 136

Total Planned 1,307

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

52 East Carey Avenue & North Pecos Road

118

70 Cameron Street & Tropicana Avenue 293

90 Eastern Land Senior 60

91 Rome South 150

Total Prospective 2,729

Las Vegas New Construction & Proposed Multifamily Projects

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ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE

FORECASTED COMPLETION DATE

START OFRENT-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 Casino Center Blvd Las Vegas NV 89104 Lease-Up 63 Downtown Las Vegas 09/15/2019 08/31/2020 06/05/2020

3 Pace 9314 West Russell Road Las Vegas NV 89148 Lease-Up 192 Spring Valley West 08/01/2018 08/31/2020 05/01/2020

4 Eden Phase II 4350 South Hualapai Way Las Vegas NV 89147 Lease-Up 128 Summerlin / 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

9 Aspen Heights South City Pkwy & 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 Howard Hughes Pkwy Paradise NV 89169 Under Construction 368 Las Vegas Strip 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

21 Elysian at Centennial NEC West Deer Springs Way & Oso Blanca Road Las Vegas NV 89149 Planned 306 Las Vegas NW

22 Grand Canyon Shopping Center Residential 10544 West Centennial Pkwy Las Vegas NV 89149 Planned 60 Las Vegas NW

23 Montecito West Deer Springs Way & 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

Las Vegas New Construction & Proposed Multifamily Projects

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ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE

FORECASTED COMPLETION DATE

START OFRENT-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 Interstate 15 & 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

37 Neal Avenue Lofts Phase I SWC Las Vegas Blvd South & 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 & Tule Springs 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

41 Rancho & Decatur North Rancho Drive & 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 Utah 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

53 27 Lofts South Major Avenue & 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

59 South Mountain Vista Street & Olympic Avenue

South Mountain Vista Street & Olympic Avenue Henderson NV 89014 Prospective 392 Henderson East

60 Waverly Conestoga Way & Nevada 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 Sahara Avenue Las Vegas NV 89104 Prospective 1,480 Winchester

Las Vegas New Construction & Proposed Multifamily Projects

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ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE

FORECASTED COMPLETION DATE

START OFRENT-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

69 U District Phases II & III NWC Cottage Grove Avenue & 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 Durango Drive and Roy Horn Way Spring Valley NV 89113 Prospective 875 Spring Valley West

80 West Hacienda Avenue & South Riley Street

West Hacienda Avenue & 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

82 Blue Diamond Road & South Lindell Road

Blue Diamond Road & South Lindell Road Enterprise NV 89139 Prospective 320 Enterprise

83 Blue Diamond Road & South Quarterhorse Lane

Blue Diamond Road & South 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

86 Neal Avenue Lofts Phase II SWC Las Vegas Blvd South & 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

89 South Fort Apache Road & West Wigwam Avenue

South Fort Apache Road & West Wigwam Avenue Spring Valley NV 89178 Prospective 160 Summerlin /

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

92 LV Rainbow LLC NW Corner of S Rainbow Blvd and Blue Diamond Rd Enterprise NV 89139 Prospective 360 Enterprise

Total Prospective 14,423

TOTAL LAS VEGAS 24,877

© 2020 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. The information and details contained within this report have been obtained from a third-party and believed to be accurate; however, Berkadia has not independently verified its accuracy. Date of survey: July 2020