Investor Presentaiton

Capitalizing on Favorable Multi-Family Trends BRT Multi-family apartments have seen tremendous growth in recent years due to high demand, driven partially by millennial's preference to rent rather than to buy APARTMENTS ■ Focus on opportunities in Sun Belt markets where we anticipate cap rates will be attractive due to positive net migration in the millennial age group moving into the area ■ Middle class renters who are more likely to rent Class B, or better, apartments drive demand in our markets 30.0% 25.0% 21.9% 20.0% 18.3% 16.1% 15.0% 25.8% 18.9% 11.4% 10.3% 9.7% 9.6% 9.4% 8.8% 10.0% 7.4% 7.2% 5.3% 4.9% 4.4% 4.1% 5.0% 1.8% 0.0% Charleston, SC Dallas, TX San Antonio, TX Houston, TX Nashville, TN Atlanta, GA Columbia, SC United States Gateway Markets ■Employment Growth (2014-2020) ■Expected Population Growth (2020-2025) Source: SNL, Bureau of Labor Statistics, U.S. Census PAGE 5 Note: Employment growth uses employment figures ending in December 31, 2020 [1] 2025 population numbers used to calculate expected population growth are estimates

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