Investor Presentaiton

Our first 6 markets reached $2.7B run-rate revenue in 1Q20 6 Markets 3.2% Market share $2.7B 1Q20 Run-rate revenue Note: $206M run-rate revenue 1.9% market share Las Vegas $664M run-rate revenue $1.0B run-rate revenue 4.2% market share 4.6% market share Phoenix Dallas-Fort Worth $329M run-rate revenue 1.7% market share $388M run-rate revenue 5.5% market share Raleigh-Durham Atlanta $166M run-rate revenue 1.5% market share Market share based on Company resales and MLS transaction data for respective markets as of 1Q20. 1Q20 run rates do not reflect the full impact of COVID-19; see Summary Financials for full-year 2020 projections Orlando 20

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