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Orange County New Construction & Proposed Multifamily Projects 4Q20 Source: Yardi Matrix 2000 ft 14 11 12 26 28 70 57 18 87 43 58 61 19 60 77 88 72 29 30 76 73 71 68 69 32 75 31 79 33 74 59 20 16 41 44 15 50 46 84 42 83 37 51 45 47 1 4 Lease-Up Under Construction Planned Prospective LEGEND ID PROPERTY UNITS 1 Revo at Platinum Park 332 4 Cameo 262 Total Lease Up 594 11 Aura 295 12 Vita 357 14 Garrison 94 Total Under Construction 746 15 Elan 603 16 Magnolia on the Park 256 18 Beach Boulevard 321 19 City Parkway 213 20 Katella Terrace 74 26 Fillmore & Western Townhomes 53 28 39 Commons 65 29 1589 East Gene Autry Way 143 30 A - Town Development Areas B - H 1,200 31 Anton Vida 314 32 The Invitation 269 33 The Link OC 406 37 114 East 5th Street 220 Total Planned 4,137 41 2700 North Street 247 42 3rd & Broadway 171 43 5th & Harbor 94 44 625IVE 1,000 45 888 North Main Street 146 46 Central Pointe 650 47 Harbor Heights 500 50 The Madison 260 51 One Broadway Plaza 415 57 The Mint 300 58 Sungrove Senior Redevelopment 82 59 637 West Struck 62 60 Chapman 278 61 City Plaza 331 68 1621 West Lincoln Avenue 490 69 Lincoln at Euclid 115 70 Townes at Magnolia 59 71 West Lincoln Avenue 315 72 1845 S State College 256 73 200 West Midway Drive 159 74 Ball Road 1,320 75 Barn 57 76 East Katella 270 77 LT Platinum Center 405 79 Dominion Place 323 83 4th and Mortimer 169 84 13751 Red Hill Avenue 249 87 Brookhurst Place Phase II 462 88 OCV!be 2,800 Total Prospective 11,985

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Orange County New Construction & Proposed Multifamily Projects 4Q20

Source: Yardi Matrix2000 ft

14

11

12

26

2870

57

18

87

43

58

61

19

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77

8872

29

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59

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42 8337

51

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Lease-Up Under Construction Planned ProspectiveLEGEND

ID PROPERTY UNITS

1 Revo at Platinum Park 332

4 Cameo 262

Total Lease Up 594

11 Aura 295

12 Vita 357

14 Garrison 94

Total Under Construction 746

15 Elan 603

16 Magnolia on the Park 256

18 Beach Boulevard 321

19 City Parkway 213

20 Katella Terrace 74

26 Fillmore & Western Townhomes 53

28 39 Commons 65

29 1589 East Gene Autry Way 143

30 A - Town Development Areas B - H 1,200

31 Anton Vida 314

32 The Invitation 269

33 The Link OC 406

37 114 East 5th Street 220

Total Planned 4,137

41 2700 North Street 247

42 3rd & Broadway 171

43 5th & Harbor 94

44 625IVE 1,000

45 888 North Main Street 146

46 Central Pointe 650

47 Harbor Heights 500

50 The Madison 260

51 One Broadway Plaza 415

57 The Mint 300

58 Sungrove Senior Redevelopment 82

59 637 West Struck 62

60 Chapman 278

61 City Plaza 331

68 1621 West Lincoln Avenue 490

69 Lincoln at Euclid 115

70 Townes at Magnolia 59

71 West Lincoln Avenue 315

72 1845 S State College 256

73 200 West Midway Drive 159

74 Ball Road 1,320

75 Barn 57

76 East Katella 270

77 LT Platinum Center 405

79 Dominion Place 323

83 4th and Mortimer 169

84 13751 Red Hill Avenue 249

87 Brookhurst Place Phase II 462

88 OCV!be 2,800

Total Prospective 11,985

Orange County New Construction & Proposed Multifamily Projects 4Q20

Source: Yardi Matrix2 mi

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62

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81

8553

Lease-Up Under Construction Planned ProspectiveLEGEND

ID PROPERTY UNITS

2 Amplifi 290

3 Broadstone Archive 403

Total Lease Up 693

5 Broadstone Atlas 483

6 Von Karman 287

7 Bolsa Row 201

8 The Herald 264

9 Elements Phase II 315

10 Lux Costa Mesa 224

13 MC Square 272

Total Under Construction 2,046

17 Warner Redhill 1,100

21 27000 Calle Arroyo 132

22 27762 Forbes Road 100

23 Blu Laguna Niguel Phase II 192

24 Cypress Village East 83

25 The Greer 69

27 Los Alamitos 107

34 Fox Block Redevelopment 52

35 1065 Brea Mall Development 312

36 Centerpointe 418

38 Trilogy 876

39 Newport Crossings 350

40 Mercury 114

Total Planned 3,905

48 Legacy Sunflower 226

49 Legado at the Met 278

52 Tustin Legacy 400

53 Main Street 178

54 One Uptown Newport Phase II 564

55 Costa Mesa Senior 60

56 17631 Cameron Lane 79

62 El Toro Marine Base 300

63 Portola Senior 58

64 Creekside 188

65 The Farm 168

66 Shorecliffs 150

67 The Village at Laguna Hills 2,100

78 Broadstone Anaheim Hills 300

80 Nohl Ranch 58

81 Brea Place 306

82 Crowther 189

85 Pistoia 371

86 One Metro West 1,057

Total Prospective 7,030

Orange County 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 Revo at Platinum Park 1912 South Jacaranda Street Anaheim CA 92805 Lease-Up 332 Anaheim - Central 01/01/2019 03/31/2021 12/23/2020

2 Amplifi 600 West Commonwealth Avenue Fullerton CA 92832 Lease-Up 290 Fullerton - North 06/30/2019 02/28/2021 07/13/2020

3 Broadstone Archive 1901 East Dyer Road Santa Ana CA 92705 Lease-Up 403 Tustin 03/01/2019 01/31/2021 09/18/2020

4 Cameo 1055 Town and Country Road Orange CA 92868 Lease-Up 262 Santa Ana 04/01/2019 01/31/2021 09/08/2020

Total Lease-Up 1,287

5 Broadstone Atlas 2001 East Dyer Road Santa Ana CA 92705 Under Construction 483 Tustin 09/28/2020 12/31/2022

6 Von Karman 18831 Von Karman Avenue Irvine CA 92612 Under Construction 287 South Irvine 05/31/2020 05/31/2022

7 Bolsa Row SEC Bolsa Avenue & Brookhurst Street Westminster CA 92683 Under Construction 201 Westminster 07/27/2020 12/31/2021

8 The Herald 110 East Crowther Avenue Placentia CA 92870 Under Construction 264 Placentia 05/28/2020 11/30/2021

9 Elements Phase II 1000 Elements Way Irvine CA 92612 Under Construction 315 South Irvine 12/01/2019 09/30/2021

10 Lux Costa Mesa 2277 Harbor Blvd Costa Mesa CA 92626 Under Construction 224 Costa Mesa 03/30/2020 06/30/2021

11 Aura 1000 West Town and Country Road Orange CA 92868 Under Construction 295 Santa Ana 11/13/2019 05/31/2021

12 Vita 850 West Town and Country Road Orange CA 92868 Under Construction 357 Santa Ana 11/13/2019 05/31/2021

13 MC Square 17600 Cartwright Road Irvine CA 92614 Under Construction 272 West Irvine 07/09/2019 02/28/2021

14 Garrison 1725 West Katella Avenue Orange CA 92867 Under Construction 94 Orange 09/30/2019 01/31/2021

Total Under Construction 2,792

15 Elan 1660 East First Street Santa Ana CA 92701 Planned 603 Santa Ana

16 Magnolia on the Park 2525 North Main Street Santa Ana CA 92705 Planned 256 Santa Ana

17 Warner Redhill 2300 Red Hill Avenue Santa Ana CA 92705 Planned 1,100 Tustin

18 Beach Boulevard 12435 Beach Blvd Stanton CA 90680 Planned 321 Garden Grove

19 City Parkway City Pkwy West & South Lewis Street Orange CA 92868 Planned 213 Orange

20 Katella Terrace 1249 East Katella Avenue Orange CA 92867 Planned 74 Orange

21 27000 Calle Arroyo 27000 Calle Arroyo San Juan Capistrano CA 92675 Planned 132 South Orange County

22 27762 Forbes Road 27762 Forbes Road Laguna Niguel CA 92677 Planned 100 South Orange County

23 Blu Laguna Niguel Phase II 25887 Crown Valley Pkwy Laguna Niguel CA 92677 Planned 192 South Orange County

24 Cypress Village East Lake Forest Drive & State Route 133 Irvine CA 92603 Planned 83 South Orange County

25 The Greer 24442 Del Prado Avenue Dana Point CA 92629 Planned 69 South Orange County

26 Fillmore & Western Townhomes 8601 Western Avenue Buena Park CA 90620 Planned 53 Buena Park - Cypress

27 Los Alamitos 3342 West Cerritos Avenue Los Alamitos CA 90720 Planned 107 Buena Park - Cypress

28 39 Commons Beach Blvd & West Lincoln Avenue Anaheim CA 92804 Planned 65 Anaheim - West

29 1589 East Gene Autry Way 1589 East Gene Autry Way Anaheim CA 92805 Planned 143 Anaheim - Central

30 A - Town Development Areas B - H 1404 East Katella Avenue Anaheim CA 92805 Planned 1,200 Anaheim - Central

31 Anton Vida 901 East South Street Anaheim CA 92805 Planned 314 Anaheim - Central

32 The Invitation 1122 North Anaheim Blvd Anaheim CA 92801 Planned 269 Anaheim - Central

33 The Link OC 1011 North Tustin Avenue Anaheim CA 92807 Planned 406 Anaheim Hills

34 Fox Block Redevelopment East Chapman Avenue & North Harbor Blvd Fullerton CA 92832 Planned 52 Fullerton - North

Orange County 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

35 1065 Brea Mall Development 1065 Brea Mall Brea CA 92821 Planned 312 Brea

36 Centerpointe 505 West Crowther Avenue Placentia CA 92870 Planned 418 Placentia

37 114 East 5th Street 114 East 5th Street Santa Ana CA 92701 Planned 220 Santa Ana

38 Trilogy 2171 Campus Drive Newport Beach CA 92612 Planned 876 South Irvine

39 Newport Crossings Dove Street & Scott Drive Newport Beach CA 92660 Planned 350 Newport Beach

40 Mercury SEC North Berry Street & Mercury Lane Brea CA 92821 Planned 114 Brea

Total Planned 8,042

41 2700 North Street 2700 North Main Street Santa Ana CA 92705 Prospective 247 Santa Ana

42 3rd & Broadway 201 West 3rd Street Santa Ana CA 92701 Prospective 171 Santa Ana

43 5th & Harbor 421 North Harbor Blvd Santa Ana CA 92703 Prospective 94 Santa Ana

44 625IVE 625 North Grand Avenue Santa Ana CA 92701 Prospective 1,000 Santa Ana

45 888 North Main Street 888 North Main Street Santa Ana CA 92701 Prospective 146 Santa Ana

46 Central Pointe 1801 East 4th Street Santa Ana CA 92705 Prospective 650 Santa Ana

47 Harbor Heights 205 South Harbor Blvd Santa Ana CA 92704 Prospective 500 Santa Ana

48 Legacy Sunflower 651 Sunflower Avenue Santa Ana CA 92707 Prospective 226 Santa Ana

49 Legado at the Met 200 First American Way Santa Ana CA 92705 Prospective 278 Santa Ana

50 The Madison 200 North Cabrillo Park Drive Santa Ana CA 92705 Prospective 260 Santa Ana

51 One Broadway Plaza 1109 North Broadway Santa Ana CA 92701 Prospective 415 Santa Ana

52 Tustin Legacy Legacy Road & Warner Avenue Tustin CA 92606 Prospective 400 Tustin

53 Main Street 2055 Main Street Irvine CA 92614 Prospective 178 West Irvine

54 One Uptown Newport Phase II 4311 Jamboree Road Newport Beach CA 92660 Prospective 564 Newport Beach

55 Costa Mesa Senior 695 West 19th Street Costa Mesa CA 92627 Prospective 60 Costa Mesa

56 17631 Cameron Lane 17631 Cameron Lane Huntington Beach CA 92647 Prospective 79 Huntington Beach

57 The Mint 12736 Beach Blvd Stanton CA 90680 Prospective 300 Garden Grove

58 Sungrove Senior Redevelopment 12811 Garden Grove Blvd Garden Grove CA 92843 Prospective 82 Garden Grove

59 637 West Struck 637 West Struck Avenue Orange CA 92867 Prospective 62 Orange

60 Chapman 3800 West Chapman Avenue Orange CA 92868 Prospective 278 Orange

61 City Plaza 1 City Blvd West Orange CA 92868 Prospective 331 Orange

62 El Toro Marine Base Alton Pkwy & Irvine Blvd Irvine CA 92618 Prospective 300 North Irvine

63 Portola Senior Glenn Ranch Road & Portola Oaks Drive Lake Forest CA 92679 Prospective 58 Mission Viejo - Lake Forest

64 Creekside 30700 Rancho Viejo Road San Juan Capistrano CA 92675 Prospective 188 South Orange County

65 The Farm 32382 Del Obispo Street San Juan Capistrano CA 92675 Prospective 168 South Orange County

66 Shorecliffs 501 Avenida Vaquero San Clemente CA 92672 Prospective 150 South Orange County

67 The Village at Laguna Hills Avenida de la Carlota & El Toro Road Laguna Hills CA 92653 Prospective 2,100 South Orange County

68 1621 West Lincoln Avenue 1621 West Lincoln Avenue Anaheim CA 92801 Prospective 490 Anaheim - West

69 Lincoln at Euclid 1619 West Lincoln Avenue Anaheim CA 92801 Prospective 115 Anaheim - West

Orange County 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

70 Townes at Magnolia 227 North Magnolia Avenue Anaheim CA 92801 Prospective 59 Anaheim - West

71 West Lincoln Avenue 1600 West Lincoln Avenue Anaheim CA 92801 Prospective 315 Anaheim - West

72 1845 S State College 1845 South State College Blvd Anaheim CA 92806 Prospective 256 Anaheim - Central

73 200 West Midway Drive 200 West Midway Drive Anaheim CA 92805 Prospective 159 Anaheim - Central

74 Ball Road 1204 South Phoenix Club Drive Anaheim CA 92806 Prospective 1,320 Anaheim - Central

75 Barn 350 West Center Street Promenade Anaheim CA 92805 Prospective 57 Anaheim - Central

76 East Katella 1332 East Katella Avenue Anaheim CA 92805 Prospective 270 Anaheim - Central

77 LT Platinum Center 2025 East Orangewood Avenue Anaheim CA 92806 Prospective 405 Anaheim - Central

78 Broadstone Anaheim Hills 300 South Festival Drive Anaheim CA 92808 Prospective 300 Anaheim Hills

79 Dominion Place 3320 East La Palma Avenue Anaheim CA 92801 Prospective 323 Anaheim Hills

80 Nohl Ranch 6509 Serrano Avenue Anaheim CA 92807 Prospective 58 Anaheim Hills

81 Brea Place 1000 Brea Mall Brea CA 92821 Prospective 306 Brea

82 Crowther 207 West Crowther Avenue Placentia CA 92870 Prospective 189 Placentia

83 4th and Mortimer 409 East 4th Street Santa Ana CA 92701 Prospective 169 Santa Ana

84 13751 Red Hill Avenue 13751 Red Hill Avenue Tustin CA 92780 Prospective 249 Tustin

85 Pistoia 17422 Derian Avenue Irvine CA 92614 Prospective 371 West Irvine

86 One Metro West 1683 Sunflower Avenue Costa Mesa CA 92626 Prospective 1,057 Costa Mesa

87 Brookhurst Place Phase II Brookhurst Street & West Garden Grove Blvd Garden Grove CA 92843 Prospective 462 Garden Grove

88 OCV!be 2000 East Gene Autry Way Anaheim CA 92806 Prospective 2,800 Anaheim - Central

Total Prospective 19,015

TOTAL ORANGE COUNTY 31,136

© 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: December 2020