Investor Presentaiton

Upside in Rents Due to Strong Value-Add Program and Stable Occupancy AVERAGE RENT PER UNIT1 BRT APARTMENTS PORTFOLIO OCCUPANCY¹ $1,400 $1,390 $1,315 100.0% 94.1% 94.5% 95.0% 95.4% 95.6% $1,200 $1,128 $1,136 $1,088 90.0% $1,000 80.0% $800 $600 70.0% $400 60.0% $200 $0 50.0% BRT NXRT IRT BRG APTS NXRT BRT IRT BRG APTS 35 30 25 20 33122 1 AVERAGE AGE OF PROPERTY (YEARS)1 18 17 20 20 33 33 6.0% 4.0% Q4 2020 SAME STORE NOI GROWTH² 3.2% 2.9% 4.4% 15 2.0% 10 6 5 0.7% 0.2% 0 0.0% APTS BRG IRT BRT NXRT BRG APTS BRT NXRT IRT Source: Company Filings, SNL PAGE 14 [1] As of the quarter ending December 31, 2020 [2] Q4 2019 to Q4 2020

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