Operational Statistics Presentation slide image

Operational Statistics Presentation

Investments Section 3: FY 2020 Operational Highlights And Positioning Ourselves in New Segments of Long-stay Lodging CapitaLand Targeting different segments of customer base requiring long-term rental accommodation, which is relatively unaffected by travel restrictions • Multifamily Formed programmatic JV with an Austin-headquartered firm in Dec 2020, to acquire and develop multifamily assets totalling up to US$300 million (~S$416.1 million) in gross asset value; Expanding our USA presence in the Multifamily sector which has remained deep, scalable and liquid, with attractive risk-adjusted returns First co-investment project, a 341-unit property on 4.71 acres of freehold land, is expected to complete in 2023 Student Accommodation • • ART's first student accommodation acquisition in the USA - Signature West Midtown acquired at US$97.5 M (~S$129.7 M1) in Jan 2021 Freehold property in Atlanta, Georgia, USA, with walking distance to Georgia Institute of Technology, which has strong enrolment growth Largely domestic student base with 95% high occupancy and 1-year average length of stay provide stable source of income Transaction expected to be completed by end 1Q 2021 Multifamily development project in Austin, Texas Note: 1. Based on the exchange rate of US$1 to S$1.3298 Signature West Midtown, Georgia, USA 27
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