Inland Empire New Construction & Proposed Multifamily Projects

5

67

8

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ID PROPERTY UNITS1 Metro Gateway 1872 Solaire 1403 Metro at Main 2894 Avalon Chino Hills 331

Total Lease-Up 9475 Paseos at Ontario, The 8006 Santa Barbara, The 3247 Sycamore Canyon 2758 West Main Villas 2009 Imperial Hardware Lofts 9110 Santa Barbara, The 104

Total Under Construction 1,79411 Crossings at Redlands, The 34012 Horizons at Yucaipa Phase II 5013 Brewer Site Subdivision 18014 Chino Hills Crossings 34615 Ontario Ranch 16316 Quail Run 21617 Stalder Plaza 16518 Arantine Hills 180619 Chelsea Commons 27120 Oak Parc 26621 Northgate Crossing 24722 Mission Trail 8123 Olivetree 18624 Arrowhead Grove 84

Total Planned 4,40125 Iglesia La Senda Townhomes 5026 4th Street & Via Piemonte 57027 Empire Lakes Golf Course Redevelopment 100028 Palermo Luxury 11029 Renaissance Rialto 50030 Hillsborough Village Phase II 6831 Falloncrest at the Preserve 20332 Villa Palmetto 6833 Cinnamon Creek 9834 Merrill Avenue 11935 Vernola Marketplace 39736 Canyon Bluff 8837 Moreno Valley Ranch Golf Club Site 44638 Millennium Village Apartment Homes 30039 Indio Plaza 6940 Virada 17041 Avenue 58 12042 Tierra West 12743 Lake Elsinore 7544 Bridges at Murrieta 54245 Murrieta Hot Springs Road 11246 17255 Sycamore Creek Drive 29847 Desert Green Villas 8448 Signature at Valley Center 12849 Beaumont Commons 12050 Palazzo at Rio Vista, The 14951 Sands, The 41252 Jefferson Avenue 146

Total Prospective 6,569

a Berkshire Hathaway and Leucadia National company

Lease-Up

Under Construction

Planned

Prospective

LEGEND

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34

3Q17

Source: Yardi Matrix10 mi

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

1 Metro Gateway 3411 Grande Vista Pkwy Riverside CA 92503 MBK Homes lease-up 187 East Riverside 02/15/2016 12/31/2017 04/01/2017

2 Solaire 29575 Pujol Street Temecula CA 92590 ColRich Multifamily lease-up 140 Murrieta/Temecula 06/30/2016 10/31/2017 03/31/2017

3 Metro at Main 418 North Main Street Corona CA 92880 Wermers Properties lease-up 289 Corona 05/31/2015 10/31/2017 03/01/2017

4 Avalon Chino Hills 5685 Park Drive Chino Hills CA 91709 AvalonBay Communities lease-up 331 Chino/Chino Hills 03/01/2016 09/30/2017 10/11/2016

TOTAL LEASE-UP 947

5 Paseos at Ontario, The 2421 Inland Empire Blvd Ontario CA 91764 GH Palmer Associates Under Construction 800 Montclair/North Ontario 04/30/2017 12/31/2018

6 Santa Barbara, The 15920 Pomona Rincon Road Chino Hills CA 91709 Lewis Group Under Construction 324 Chino/Chino Hills 08/15/2017 12/31/2018

7 Sycamore Canyon 5900 Sycamore Canyon Blvd Riverside CA 92507 Sunrise Company Under Construction 275 East Riverside 03/31/2017 12/31/2018

8 West Main Villas 9800 Mesa Linda Street Hesperia CA 92345 Michael Chirco Construction Under Construction 200 Victorville/Apple Valley/Big Bear 04/24/2017 05/31/2018

9 Imperial Hardware Lofts 3750 Main Street Riverside CA 92501 Ratkovich Properties Under Construction 91 East Riverside 10/06/2016 04/30/2018

10 Santa Barbara, The 606 South Riverside Avenue Rialto CA 92376 BM Investments Under Construction 104 Rialto 10/01/2015 09/30/2017

TOTAL UNDER CONSTRUCTION 1,794

11 Crossings at Redlands, The 6912 Nevada Street Redlands CA 92374 UCR Group Planned 340 Redlands/Yucaipa

12 Horizons at Yucaipa Phase II 12279 3rd Street Yucaipa CA 92399 Urban Housing Communities Planned 50 Redlands/Yucaipa

13 Brewer Site Subdivision Philadelphia Street & South Benson Avenue Chino CA 91710 D.R Horton Planned 180 Chino/Chino Hills

14 Chino Hills Crossings Fairfield Ranch Road & Monte Vista Avenue Chino Hills CA 91709 Bridge Investment Group Partners Planned 346 Chino/Chino Hills

15 Ontario Ranch Ontario Ranch Road & New Haven Avenue Ontario CA 91761 Brookfield Residential Planned 163 South Ontario

16 Quail Run 601 Central Avenue Riverside CA 92507 Jones, Cliff Planned 216 East Riverside

17 Stalder Plaza 3650 Market Street Riverside CA 92501 Regional Properties Planned 165 East Riverside

18 Arantine Hills Bedford Canyon Road & Eagle Glen Pkwy Corona CA 92881 New Home Company, The Planned 1806 Corona

19 Chelsea Commons Alessandro Blvd & SEC Perris Blvd Moreno Valley CA 92553 Stratus Development Planned 271 Moreno Valley

20 Oak Parc SEC Clark Street & Box Springs Road Moreno Valley CA 92557 Wermers Properties Planned 266 Moreno Valley

21 Northgate Crossing SEC Jefferson Street & Indio Blvd Indio CA 92201 Chandi Group Planned 247 Palm Desert/La Quinta

22 Mission Trail Hidden Trail & Mission Trail Lake Elsinore CA 92530 C&C Development Planned 81 Lake Elsinore

23 Olivetree Hesperia Road & Mojave Street Hesperia CA 92345 Investment Concepts Planned 186 Victorville/Apple Valley/Big Bear

24 Arrowhead Grove NEC North La Junita Street & East Olive Street San Bernardino CA 92410 National Community Renaissance Planned 84 South San Bernardino

TOTAL PLANNED 4,401

25 Iglesia La Senda Townhomes 1717 Via Del Rio Corona CA 92882 Iglesia La Senda Prospective 50

26 4th Street & Via Piemonte 4th Street & Via Piemonte Ontario CA 91764 Lewis Group Prospective 570 Rancho Cucamonga

27 Empire Lakes Golf Course Redevelopment 11015 6th Street Rancho Cucamonga CA 91730 Lewis Group Prospective 1000 Rancho Cucamonga

28 Palermo Luxury 14951 Foothill Blvd Fontana CA 92335 SC Development Prospective 110 Fontana

29 Renaissance Rialto SWC North Ayala Drive & West Renaissance Pkwy Rialto CA 92376 Lewis Group Prospective 500 Rialto

30 Hillsborough Village Phase II 11930 Central Avenue Chino CA 91710 Komar Investments Prospective 68 Chino/Chino Hills

31 Falloncrest at the Preserve Forest Park Street & East Preserve Loop Chino CA 91708 IN8 Specialists Prospective 203 South Ontario

32 Villa Palmetto SWC West Mission Blvd & Palmetto Ave Ontario CA 91762 Lui, Linda Prospective 68 South Ontario

33 Cinnamon Creek 4826 Van Buren Blvd Riverside CA 92503 Progressive Realty Partners Prospective 98 West Riverside

34 Merrill Avenue 3575 Merrill Avenue Riverside CA 92506 City of Riverside Community Development Prospective 119 West Riverside

35 Vernola Marketplace NWC 68th Street & Pats Ranch Road Mira Loma CA 91752 Vernola, Anthony Prospective 397 West Riverside

36 Canyon Bluff 739 Monte Vista Drive Riverside CA 92507 Bowlus-Pacific Venture Prospective 88 East Riverside

37 Moreno Valley Ranch Golf Club Site 28095 John F Kennedy Drive Moreno Valley CA 92555 Bridge Investment Group Partners Prospective 446 Moreno Valley

38 Millennium Village Apartment Homes Gerald Ford Drive & Technology Drive Palm Desert CA 92211 GHA Companies Prospective 300 Thousand Palms/Cathedral City

39 Indio Plaza 45433 Towne Street Indio CA 92201 City of Indio Prospective 69 Indio

40 Virada NEC Adams Street & Avenue 38 Indio CA 92211 Presidio Residential Capital Prospective 170 Indio

41 Avenue 58 58th Avenue & Olive Street Thermal CA 92274 Coachella Valley Housing Coalition Prospective 120 Coachella

42 Tierra West 3400 West Devonshire Avenue Hemet CA 92545 Tierra West Commercial Prospective 127 Hemet/San Jacinto

43 Lake Elsinore 15900 Grand Avenue Lake Elsinore CA 92530 Garrett Group, The Prospective 75 Lake Elsinore

44 Bridges at Murrieta 40851 Los Alamos Road Murrieta CA 92562 Zephyr Partners Prospective 542 Murrieta/Temecula

45 Murrieta Hot Springs Road NEC Murrieta Hot Springs Road & Via Princesa Murrieta CA 92563 Golden Eagle Multi Family Properties Prospective 112 Murrieta/Temecula

46 17255 Sycamore Creek Drive 17255 Sycamore Creek Drive San Bernardino CA 92407 Lytle Development Company Prospective 298 Victorville/Apple Valley/Big Bear

47 Desert Green Villas SEC Santa Fe Avenue & Sultana Street Hesperia CA 92345 Shamma, Tariq M. Prospective 84 Victorville/Apple Valley/Big Bear

48 Signature at Valley Center Civic Drive & Midtown Drive Victorville CA 92394 National Community Renaissance Prospective 128 Victorville/Apple Valley/Big Bear

49 Beaumont Commons East 6th Street & Xenia Avenue Beaumont CA 92223 Phoenix Development Prospective 120 Beaumont/Banning

50 Palazzo at Rio Vista, The Landau Blvd & Quijo Road Cathedral City CA 92234 Forum Real Estate Group Prospective 149 Thousand Palms/Cathedral City

51 Sands, The Hovley Lane East & Portola Avenue Palm Desert CA 92260 New Cities Investment Partners Prospective 412 Palm Desert/La Quinta

52 Jefferson Avenue Jefferson Avenue & Murrieta Hot Springs Road Murrieta CA 92562 MJW Property Group Prospective 146 Murrieta/Temecula

TOTAL PROSPECTIVE 6,569

TOTAL INLAND EMPIRE 13,711

Source: Yardi Matrix

Inland Empire New Construction & Proposed Multifamily Projects

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