Investor Presentaiton

Sample Acquisitions THE VILLAGE AT LAKESIDE BRT APARTMENTS ABBOTTS RUN ■ Projected stabilized cap rate: 5.7% Purchase price: $18.4 million ■Location: Auburn, AL ■ Number of units: 200 Value Add ■ Projected stabilized cap rate: 7.7% ■ Purchase price: $38.0 million Location: Wilmington, NC ■ Number of units: 264 ■ Value Add THE VIVE AT KELLSWATER SOMERSET AT TRUSSVILLE ■ Projected stabilized cap rate: 5.2% Purchase price: $48.6 million Location: Kannapolis, NC Number of units: 312 Projected stabilized cap rate: 6.0% ■ Purchase price: $43.0 million Location: Birmingham, AL Number of units: 328 Value Add PAGE 15 Source: Company Filings

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