Nareit’s REITworld 2023 Annual Conference

Unique Diversification and Balance 276 SAME STORE COMMUNITIES 95,286 SAME STORE UNITS 1 2 3 4 5 Multifamily Market Multifamily Market and Regional Office Multifamily Market and Corporate Headquarters Multifamily Development Underway TOP 10 MARKETS | % 3Q 2023 Same Store NOI Atlanta, GA Dallas, TX Tampa, FL 12.7% 6 Austin, TX 10.0% 7 Raleigh/Durham, NC 6.9% 8 Nashville, TN 6.7% 9 Charleston, SC 6.4% 10 Orlando, FL Charlotte, NC Houston, TX 6.1% 5.6% 4.9% 3.7% 3.5% 1 Based on gross asset value at 9/30/2023 for total multifamily portfolio 2 Source: Yardi Matrix Asset Class Rating; we believe property class rating in each market is a proxy for price point diversification targeting Renters by Choice (A+, A), Lifestyle Renters (A-, B+) and Working Professionals (B, B-) 3 Garden = 3 stories or less; Mid-rise = 4 to 9 stories; High rise = 10+ stories Diversified within SUBMARKETS¹ 40% 12% 48% 13% 33% O 54% ■Inner Loop ■Suburban, Diversified in PROPERTY CLASS¹,2 4% 34% O 62% Satellite City Downtown, CBD A+, A ■A-, B+ B, B- Diversified in PROPERTY TYPES 1,3 ■Garden ■Mid-Rise High Rise MAA 6

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