The Mark Company Monthly Reports San Francisco. December 2017

The Mark Company Monthly Reports San Francisco December 2017

Contents New Construction Pipeline Summary Disclaimer Notes 1) New Construction developments are either actively selling for the first time or a rental development that has been converted to for sale and is now actively selling. Most recent closings include the last 10 reported closings that have price and square footage included. 2) developments have completed their original sales process and are now being tracked for resales. Most recent closings include the last 10 reported closings that have price and square footage included. The list may include both new and resale closings as noted. 3) This report covers new construction condominium developments with 20+ market rate units and selected sold out developments. 4) Assume that developments in the New Construction section are actively selling units unless noted otherwise. In addition, list prices and number of units available are based on the month of the report and closings are based on what has been recorded to date. Please note that closings can take 30-60 days to be recorded. 5) On Market refers to the date the s Center opened. 6) Average Absorption is calculated from On Market through the date of the report. It accounts for units both in contract and closed. 7) Average /SF is calculated using only units where both square footage and price are known. Average /SF is defined as the average price divided by the average square footage. Averages are weighted averages. 8) Developments are considered once the last Market Rate unit has closed OR there have been three months without a closing, all units are in contract and the s Center is closed (e.g. there is no active marketing). 9) Below Market Rate units are omitted from new construction and resale closings whenever possible.

New Construction The following section contains sales information and updates for actively selling developments with 20+ Market Rate units. Project List* 181 Fremont Residences 1868 Van Ness 815 Tennessee 99 Rausch Fulton 555 Knox LagunaHayes La Maison Lumina One Mission Bay Rockwell Rowan Seventy2 Townsend Stage 1075 The Austin The District The Harrison The Pacific The San Francisco Shipyard - Phase II * Sorted in alphabetical order

New Construction 181 Fremont Street 67 May 2016 TBD Jay Paul Company ~$2,500/month Average Absorption Confidential Projected /SF Confidential 181 Fremont Residences At 70 stories tall, 181 Fremont will offer 67 ultra-luxury residences over 435,000 total square feet of Class A+ commercial space and 6,500 SF of residential amenities. The building features state-of-the-art exoskeleton designed in sawtooth pattern and interior design by internationally recognized Orlando Diaz-Azcuy Design Associates (ODADA). Twelve of the 67 residences are available to the 55 original owners as Accessory Suites. A sales update is not available. Owners will benefit from unrivaled privacy and security, indulgent amenities, anticipatory service and state-of-the-art technology. In addition to being located near San Francisco s new Transbay Terminal, major employers, restaurants and public transportation, the development is seeking LEED Gold certification and will feature panoramic views starting on the 10th floor. 181 Fremont s fifth floor will be directly connected via a skybridge to a new 5.4-acre park atop the adjacent Transbay Transit Center, the new center of San Francisco. Available homes are priced from $3,000,000s to over $42 million.

New Construction 1868 Van Ness Avenue 35 February 2017 May 2017 WVN Associates $693 - $842/month Average Absorption 2 units/month $1,381 (7 units) 1868 Van Ness 1868 Van Ness offers a boutique collection of 35 residences in an ideal location where Nob Hill meets Pacific Heights. The one and two bedroom homes feature terraces and onsite parking. s Status 22 closed 2 in contract 11 available Unit SF 405 1/1 600 $765,000 $1,275 9/6/2017 604 2/2 890 $1,400,000 $1,573 8/24/2017 501 2/2 940 $1,325,000 $1,410 8/16/2017 602 2/2 1,105 $1,500,000 $1,357 8/15/2017 206 1/1 605 $779,000 $1,288 6/13/2017 406 1/1 605 $829,000 $1,370 6/7/2017 306 1/1 605 $789,000 $1,304 6/1/2017 204 1/1 555 $625,000 $1,126 5/31/2017 305 1/1 600 $803,000 $1,338 5/31/2017 505 1/1 688 $924,500 $1,344 5/31/2017 Averages: 719 $973,950 $1,354

New Construction 815 Tennessee 69 (59 market rate) September 2017 TBD DM Development & Grosvenor ~$650/month Average Absorption 6 units/month Projected /SF $1375 815 Tennessee 815 Tennessee Street presents a beautiful blend of historical touches and modern elegance. The boutique development is ideally located in San Francisco s Dogpatch neighborhood, rich with some of the City s finest restaurants, locally-bred retailers and artisans. The building offers one-, two and three-bedroom residences, as well as a public courtyard, large lobby and expansive roof deck with breathtaking City and water views. s Status 0 closed 19 in contract 40 available

New Construction 1140 Folsom 99 (86 Market Rate) July 2017 TBD Belrich Partners/Pillar Capital $550 - $750 Average Absorption 3 units/month Projected /SF $1,400 99 Rausch Located in the South of Market neighborhood, 99 Rausch is a 6-story building consisting of 112-unit condominiums. The building offers studios, one-bedrooms, two-bedrooms, and bi-level condos. The building features state-of-the-art amenities and environmentally sustainable features. s Status 0 closed 12 in contract 87 available Available homes are priced from $599,000s to over $1,500,000.

New Construction 555 Fulton Street 139 (122 Market Rate) June 2015 - Launch July 2017 - Relaunch TBD Fulton Street Ventures, LLC $475 - $815/month Average Absorption 2 units/month - Launch 11 units/month - Relaunch Projected /SF $1,300 Fulton 555 Located in the heart of vibrant Hayes Valley, Fulton 555 residents will enjoy living among cultural landmarks, renowned restaurants, boutique shopping and green spaces. Fulton 555 will offer 139 stylish residences with tech-friendly design and modern floor plans. Residents will enjoy access to unique amenities such as a rooftop terrace with resort-style seating and an onsite market. s Status 0 closed 57 in contract 65 available Available homes are priced from the low $700,000s to over $2 million.

New Construction 241 10th Street 25 June 2017 TBD Village Properties $565 - $725/month Average Absorption 4 units/month Projected /SF $1,400 LagunaHayes LagunaHayes lies on the pulse point of San Francisco s thriving Hayes Valley neighborhood. Situated on the corner of Hayes and Laguna street, the 5-story condominium complex encompass 25 homes where residents will enjoy ground floor retail in addition to the surrounding perks of boutique stores, corner French bistros and tree-lined streets. s Status 0 closed 23 in contract 2 available Available homes are priced from the $600,000s to mid $1,500,000s.

New Construction 241 10th Street 28 (25 Market Rate) June 2017 TBD JS Sullivan $546 - $636/month Average Absorption 3 units/month $1,188 (10 units) La Maison Located in SOMA, La Maison offers 28 designer condominiums with signature architecture and tailored interiors by Alan Tse. Amenities include a rooftop deck with BBQ and outdoor dining, organic gardens, and lobby/ lounge area. Available list prices as of December 2017: One Bedroom Starting List : $779,000 - $799,000 Average Size: 597-629 SF Starting List /SF: $1,270 - $1,305 Two Bedroom Starting List : $995,000 - $1,184,000 Average Size: 920-972 SF Starting List /SF: $1,081 - $1,218 s Status 9 closed 11 in contract 5 available Unit SF 403 2/2 935 $1,095,000 $1,171 11/30/2017 307 1/1 660 $779,000 $1,180 11/7/2017 202 2/2 975 $1,095,000 $1,123 10/11/2017 301 2/2 932 $1,095,000 $1,175 9/29/2017 502 2/2 981 $1,165,000 $1,188 9/29/2017 407 1/1 597 $799,000 $1,338 9/15/2017 303 2/2 920 $1,079,000 $1,173 9/13/2017 306 1/1 629 $779,000 $1,238 9/12/2017 203 2/2 923 $1,065,000 $1,154 9/8/2017 205 1/1 551 $674,000 $1,223 9/5/2017 Averages: 810 $962,500 $1,188

New Construction 201 Folsom Street 656 October 2014 September 2015 s Tishman Speyer Properties; Vanke ~$1,000/month Average Absorption 16 units/month $1,520 (58 units) Lumina Lumina is comprised of two towers, 42 and 37 stories high, and two eight-story buildings, all connected by a shared amenity podium. Designed by Bernardo Fort-Brescia of Arquitectonica, in collaboration with San Francisco-based Heller Manus Architects, the building features a curved glass façade and is aiming for LEED Silver certification. Lumina s studio, one-, two- and three-bedroom residences average just under 1,300 square feet. Amenities include a concierge and valet parking, fitness center, 70-foot lap pool, private dining room, bi-level club lounge, children s play room and rooftop terrace. Additional features include a 9,500 square foot gourmet market and café onsite. The monthly homeowners fee covers building maintenance, amenities and parking. Available list prices as of December 2017: One Bedroom Starting List : $1,055,000 Average Size: 800 SF Starting List /SF: $1,319 Two Bedroom Starting List : $1,500,000 Average Size: 1,200 SF Starting List /SF: $1,250 s Status 533 closed 68 in contract 55 available Unit SF B_30C 2/2 1,474 $2,223,000 $1,508 11/13/2017 B_17B 2/2 1,110 $1,645,000 $1,482 11/9/2017 B_38E 3/3 1,722 $3,344,933 $1,942 11/8/2017 D_35E 3/3 1,722 $3,344,933 $1,942 11/7/2017 A_7E 1/1.5 941 $1,260,000 $1,339 11/2/2017 B_21H 1/1 844 $1,223,500 $1,450 11/2/2017 B_35B 3/3 2,633 $5,510,000 $2,093 11/1/2017 B_27A 2/2 1,412 $2,055,000 $1,455 10/27/2017 B_11B 2/2 1,110 $1,548,000 $1,395 10/23/2017 B_21F 2/2 1,110 $1,720,000 $1,550 10/20/2017 Averages: 1,408 $2,387,437 $1,696 Three Bedroom Starting List : $3,085,000 Average Size: 1,722 SF Starting List /SF: $1,792 Penthouse Starting List : $49,000,000 Average Size: 14,000 SF Starting List /SF: $3,500

New Construction 100 Channel Street 350 May 2016 TBD s CIM Group; Strada Investment Group $600 - $1,011/month Average Absorption 15 units/month Projected /SF $1,300 One Mission Bay Located in the highly-desirable Mission Bay neighborhood, One Mission Bay will introduce 350 modern residences in junior one-, one-, two- and three-bedroom floor plan configurations. Along with iconic architecture and great views, One Mission Bay will offer its residents the cachet and convenience of onsite retail, resort-like amenities and a hotel. Robust future plans for the Mission Bay neighborhood will be a draw for those that desire a vibrant urban lifestyle close to nature and the Bay. One Mission Bay will be at the center of transit, restaurants, retail and parks. Residents will enjoy easy access to AT&T Park and the future Golden State Warriors Stadium, as well as other great neighborhoods like South Beach, Dogpatch, South of Market and Potrero Hill. s Status 0 closed 266 in contract 84 available Available list prices as of December 2017: One Bedroom Starting List : high $900,000s+ Average Size: 628-1,211 SF One Bedroom + Den Starting List : low $900,000s+ Average Size: 758-1,231 SF Two Bedroom Starting List : low $1,400,000s+ Average Size: 967-1,685 SF Two Bedroom + Den Starting List : low $1,500,000s+ Average Size: 858-1,536 SF Three Bedroom Starting List : mid $1,600,000s+ Average Size: 1,264-1,827 SF Three Bedroom + Den Starting List : $ 3,000,000+ Average Size: 1,973-1,976 SF

New Construction 1688 Pine Street 260 April 2015 August 2016 Oyster Development ~$650 to $700+/month Average Absorption 7 units/month $1,438 (7 units) Rockwell Located at the corner of Pine Street and Franklin Street, Rockwell offers 260 modern residences and artful living spaces. Centered around a courtyard, the two 13-story glass and concrete towers feature a chef s kitchen, solarium and rooftop lounge. Available list prices as of December 2017: One Bedroom Two Bedroom Starting List : $1,199,000 - $1,749,000 Average Size: 989-1,139 SF Starting List /SF: $1,212 - $1,536 Two Bedroom Penthouse Starting List : $1,986,000 to $2,675,000 Average Size: 1,239-1,485 SF Starting List /SF: $1,603 - $1,801 s Status 206 closed 22 in contract 1 available Unit SF W707 2/2 1,164 $1,595,000 $1,370 10/20/2017 302E 2/2 989 $1,185,000 $1,198 9/29/2017 1111E 2/2 1,139 $1,750,000 $1,536 9/25/2017 PH1E 2/2.5 1,425 $2,300,000 $1,614 8/4/2017 PH2E 2/2 1,239 $1,886,000 $1,522 7/31/2017 403E 1/1 743 $915,000 $1,231 6/15/2017 1208W 2/2 1,068 $1,536,000 $1,438 6/13/2017 1106E 2/2 1,068 $1,744,000 $1,633 5/15/2017 402E 2/2 989 $1,222,000 $1,236 5/4/2017 613E 1/1 831 $1,020,000 $1,227 4/28/2017 Averages: 1,066 $1,515,300 $1,422

New Construction 72 Townsend Street 74 (67 Market Rate) January 2015 November 2015 KB Home $700 - $900/month Average Absorption 2 units/month $1,298 (13 units) Seventy2 Townsend Located in San Francisco s desirable South Beach neighborhood, Seventy2 Townsend offers 74 residences in one- and two-bedroom configurations. A variety of high-end finishes and appliances are offered and can be customized based on each homebuyer s preference. Amenities include a well-appointed second-floor lounge and spacious outdoor decks. Available list prices as of December 2017: One Bedroom Starting List : $999,000 - $1,299,000 Average Size: 785-1,005 SF Two Bedroom Starting List : $1,429,000 - $2,249,000 Average Size: 1,136-1,219 SF Three Bedroom Penthouse Starting List : $3,150,000 - $3,449,000 Average Size: 1,571-1,740 SF s Status 58 closed 6 in contract 3 available Unit SF 310-311 4/4 2,325 $2,550,000 $1,097 11/9/2017 704 2/2 1,182 $1,400,000 $1,184 10/31/2017 804 2/2 1,260 $1,500,000 $1,190 10/30/2017 809 1/1.5 900 $950,000 $1,056 10/4/2017 803 1/1.5 785 $1,050,000 $1,338 9/26/2017 PH901 3/2.5 1,740 $3,100,000 $1,782 8/30/2017 702 1/1.5 900 $1,530,000 $1,700 8/29/2017 705 1/1 632 $875,000 $1,384 8/28/2017 712 1/1.5 900 $1,050,000 $1,167 8/22/2017 708 1/1.5 1,005 $1,150,000 $1,144 6/28/2017 Averages: 1,163 $1,515,500 $1,303

New Construction 1075 Market Street 90 (79 Market Rate) October 2017 TBD Encore Capital Management $585 - $821 Average Absorption 7 units/month Projected /SF $1,250 Stage 1075 Located in Mid Market, Stage 1075 is a 8-story building consisting of 90-unit condominiums. The building offers studios, one-bedrooms, two-bedrooms. Residences feature three designer finish packages. Amenities include a lobby attendant, dog run and washing station, and rooftop deck. s Status 0 closed 13 in contract 66 available Available homes are priced from $560,000s to over $1,100,000.

New Construction 1545 Pine Street 100 (88 Market Rate) February 2017 TBD Pacific Eagle Holdings TBD Average Absorption 4 units/month Projected /SF TBD The Austin The Austin features 100 modern new residences in the desirable Lower Polk neighborhood, close to Pacific Heights, Nob Hill and the Mid-Market tech hub. The site offers an urban lifestyle with walkable access to Whole Foods Market, public transportation and a wide array of popular restaurants and retailers on Polk Street. The development will feature studio, one-bedroom, two-bedroom and penthouse residences, onsite art space, a cafe and easy commute access through the Bay Area. s Status 0 closed 40 in contract 48 available Available homes are priced from the low $700,000s to over $2 million.

New Construction 2655 Bush Street 81 January 2016 July 2016 KB Home $675 - $895/month Average Absorption 3 units/month $1,162 (9 units) The District Located at the corner of Bush and Divisadero Streets, The District features 81 homes comprised of a selection of one-bedrooms, two-bedrooms and penthouses. Amenities include a boutique-style lobby, entertainer s lounge with outdoor access to interior courtyard, interior building courtyard with green space, sky terrace with barbecues, outdoor fireplace and seating areas for hosting events, onsite fitness center, onsite lobby attendant and secure parking in gated garage. Available list prices as of December 2017: One Bedroom Starting List : $890,000 - $999,000 Average Size: 713-980 SF Two Bedroom Starting List : $1,139,000 - $1,590,000 Average Size: 1,046-1,115 SF Three Bedroom Starting List : $1,850,000 - $2,420,000 Average Size: 1,375 SF - 1,600 SF s Status 53 closed 9 in contract 19 available Unit SF 301 3/2 1,600 $1,775,000 $1,109 11/28/2017 201 3/2 1,600 $1,650,000 $1,031 11/13/2017 403 2/2 1,164 $1,375,000 $1,181 9/29/2017 303 2/2 1,164 $1,325,000 $1,138 9/28/2017 408 2/2 1,053 $1,425,000 $1,353 8/25/2017 114 1/1 666 $835,000 $1,254 8/11/2017 329 2/2 1,046 $1,210,000 $1,157 7/31/2017 229 2/2 1,046 $1,150,000 $1,099 7/25/2017 417 2/2 1,080 $1,365,000 $1,264 6/28/2017 429 2/2 1,046 $1,215,000 $1,162 5/12/2017 Averages: 1,147 $1,332,500 $1,162

New Construction 401 Harrison Street 298 April 2016 August 2016 Owner Maximus Real Estate Partners $1,022 - $1,887/month Average Absorption 7 units/month $1,468 (36 units) The Harrison Unrivaled in design and sophistication, The Harrison is unquestionably San Francisco s rarest and most notable residential offering. The 49-story luxury tower boasts beautiful panoramic vistas from every floor and an urban living experience like no other. All residences and common areas are infused with the soulful, distinctive design of the city s most celebrated interior designer Ken Fulk, whose personal touch is evident throughout. Owners enjoy unprecedented features, amenities and services designed to elevate a curated lifestyle, including a state-of-the-art fitness center, exclusive club called Uncle Harry s on the 49th floor, landscaped outdoor terrace with pool and more. A uniformed staff and luxury concierge are poised to attend to every whim. Available list prices as of December 2017: One Bedroom Starting List : $767,000 - $1,431,000 Average Size: 607-840 SF Starting List /SF: $1,264 - $1,704 Two Bedroom Starting List : $1,326,000 - $2,633,000 Average Size: 1,240-1,334 SF Starting List /SF: $1,069 - $1,974 s Status 131 closed 4 in contract 171 available Unit SF 13E 1/1 707 $925,000 $1,308 11/30/2017 21B 2/2 1,311 $1,700,000 $1,297 11/29/2017 11H 1/1 759 $967,000 $1,274 11/7/2017 22F 1/1 830 $1,280,000 $1,542 11/1/2017 17C 2/2 1,334 $1,740,000 $1,304 10/30/2017 17G 1/1 759 $995,000 $1,311 10/12/2017 29D 2/2 1,297 $2,337,500 $1,802 10/12/2017 13C 2/2 1,286 $1,625,000 $1,264 10/11/2017 14A 1/1 840 $1,040,000 $1,238 10/11/2017 25D 2/2 1,297 $2,050,000 $1,581 10/10/2017 Averages: 1,042 $1,465,950 $1,407

New Construction 2121 Webster Street 76 April 2016 August 2016 Trumark Urban $2,000 - $2,200/month Average Absorption 4 units/month $2,117 (9 units) The Pacific Designed by Handel Architects, The Pacific is located at Webster and Sacramento Streets in Pacific Heights. The site offers walkable access to fine dining, shopping and everyday services on Fillmore Street. While the majority of units are sold as shells, available finishes include hardwood and marble flooring, marble countertops and Gaggeneau appliances. The upscale building features a concierge, fitness center with yoga room, rooftop lounge and guest suite. There are 95 parking spaces. The project held a soft opening in October 2015. Ten row-style townhomes were released in February 2016. The condominiums were released in late July 2016. Available list prices as of December 2017 One Bedroom Flat Starting List : $1,495,000 Average Size: 1,025 SF Starting List /SF: $1,459 Two Bedroom Flat Starting List : $2,195,000 - $3,095,000 Average Size: 1,325-1,940 SF Starting List /SF: $1,595 - $1,657 s Status 67 closed 6 in contract 3 available Unit SF 501 3/2.5 2,112 $4,675,000 $2,214 10/31/2017 605 3/2.5 2,145 $4,695,000 $2,189 10/10/2017 104 1/1.5 982 $1,450,000 $1,477 9/22/2017 603 2/2 1,360 $2,995,000 $2,202 8/31/2017 301 3/2.5 2,112 $3,975,000 $1,882 5/19/2017 308 2/2 1,780 $2,460,000 $1,382 5/17/2017 503 2/2 1,325 $2,800,000 $2,113 5/15/2017 602 2/2 1,479 $3,195,000 $2,160 5/12/2017 105 2/2 1,534 $2,495,000 $1,626 5/5/2017 604 2/2 1,451 $2,700,000 $1,861 4/28/2017 Averages: 1,628 $3,144,000 $1,931 Three Bedroom Flat Starting List : $3,295,000 - $6,095,000 Average Size: 2,112-2,672 SF Starting List /SF: $1,560 - $2,281 Three Bedroom Townhome (Three-Story) Starting List : $3,495,000+ Average Size: 2,404+ SF Starting List /SF: $1,454 Three Bedroom Townhome (Four-Story) Starting List : $4,195,000+ Average Size: 2,993+ SF Starting List /SF: $1,402

New Construction es Donahue and Innes Streets Phase II 159 (143 Market Rate) April 2015 (Phase II) December 2015 Lennar Urban $250 - $505/month Average Absorption 3 units/month (Phase II) $825 (12 units) The San Francisco Shipyard - Phase II Located near the water with panoramic views of the Bay and downtown skyline, The San Francisco Shipyard recently launched its second phase of 159 homes. This phase includes the Tides, Thayer, Engel and Alma buildings. Comprised of contemporary townhomes and condominiums, this extraordinary development will feature top of the line interior finishes, private outdoor space and one-to-one parking. Residents will have access to more than 300 acres of manicured parks and open space as well as easy access to downtown via new public transportation options. The San Francisco Shipyard s first phase of 88 homes sold out in early 2015. Available List Pricing as of December 2017: One Bedroom Flat Starting List : $599,800 - $712,800 Average Size: 603-790 SF Starting List /SF: $902 - $995 Two Bedroom Flat Starting List : $824,670 - $840,800 Average Size: 957-1,156 SF Starting List /SF: $727 - $862 s Status Phase II 93 closed 1 in contract 50 available Unit SF 252 Coleman 3/2.5 1,399 $1,040,000 $743 9/28/2017 198 Coleman 3/2.5 1,431 $1,251,000 $874 8/17/2017 146 Coleman 3/2.5 1,399 $1,101,000 $787 7/31/2017 152 Coleman 3/2.5 1,399 $1,151,000 $823 7/7/2017 116 Coleman 2/2 1,155 $866,000 $750 4/10/2017 126 Coleman 2/2 1,155 $860,000 $745 3/31/2017 106 Coleman 2/2 1,077 $833,000 $773 2/17/2017 262 Coleman 3/2.5 1,211 $1,051,000 $868 11/30/2016 206 Coleman 2/2 1,101 $886,000 $805 11/29/2016 283 Friedell 3/2.5 1,341 $1,005,500 $750 10/17/2016 Averages: 1,267 $1,004,450 $793 Two Bedroom Maisonettes Starting List : $930,800 - $61,166,800 Average Size: 1,112-1,376 SF Starting List /SF: $848 - $837 Two Bedroom Townhome Starting List : $920,000+ Average Size: 1,072-1,167 SF Starting List /SF: approx. $850 Three Bedroom Townhome Starting List : $1,019,490 - $1,281,800 Average Size: 1,211-1,437 SF Starting List /SF: $842 - $892

The following section contains selected sold out developments. South of Market 6 Mint 870 Harrison Blu Four Seasons Residences Millennium Tower Mint Collection One Hawthorne One Rincon Hill SOMA Grand St. Regis Residences The Brannan The Infinity The Metropolitan The Palms Watermark Pacific Heights, Lower Pacific Heights Nob Hill, Russian Hill & Cow Hollow 1450 Franklin 1645 Pacific Amero Blanc LuXe Marlow Park Lane Mission Fifteen Fifteen Mission@1875 Thirty Five Dolores Vida Mission Bay & Candlestick 170 Off Third 235 Berry 255 Berry Arden Arterra Madrone Park Terrace Radiance at Mission Bay The San Francisco Shipyard - Phase I Potrero Hill & Dogpatch 1001 Seventeenth Homes on Esprit Park Knox Millwheel North Onyx (Phase 1) Onyx on The Park (Phase II) Rowan The Potrero Hayes Valley 300 Ivy 388 Fulton 400 Grove 450 Hayes 8 Octavia One Franklin Linea The Hayes

6 Mint Plaza 22 June 2015 June 2015 Owner The Carlyle Group $350 - $795/month 2016 n/a 6 Mint 6 Mint features 22 lofts in San Francisco s historic Mint Plaza in the South of Market neighborhood. Comprised of one-, two- and three-bedroom lofts and one full-floor penthouse, the residences feature open floor plans, warehouse style windows, polished concrete floors, private walk-out balconies and designer kitchens and baths. Amenities include a rooftop deck with spa, private fitness center and onsite restaurant. Unit SF 602A 3/3 1,800 $2,150,000 $1,194 12/6/2016 New 803A 2/1 735 $1,049,000 $1,427 6/6/2016 New 404 2/2 865 $1,350,000 $1,561 3/18/2016 New 801 1/1 607 $875,000 $1,442 2/26/2016 New 702 3/3 1,670 $2,550,000 $1,527 12/16/2015 New 601 1/1 606 $840,000 $1,386 12/2/2015 New 603A 1/1 728 $970,000 $1,332 7/29/2015 New 201A 1/1 589 $712,000 $1,209 6/29/2015 New 301A 1/1 601 $770,000 $1,281 6/29/2015 New 304A 2/2 863 $1,150,000 $1,333 6/29/2015 New Averages: 906 $1,241,600 $1,370

870 Harrison Street 26 (22 Market Rate) October 2014 January 2015 JS Sullivan Development $400 - $550/month 2015 n/a 870 Harrison 870 Harrison offers easy commute access and a full range of walkable dining and shopping options in the convenient and established South of Market neighborhood. The urban mixed-use development features 26 homes rich with modern design and high-quality materials. Residents enjoy a lovely rooftop garden, parking and secure bicycle storage. Unit SF 205 1/1 550 $653,000 $1,187 9/2/2016 Resale 206 1/1 600 $650,000 $1,083 3/10/2016 Resale 505 2/1.5 898 $955,000 $1,063 4/1/2015 New 605 2/1.5 883 $960,000 $1,087 2/20/2015 New 404 2/1.5 845 $895,000 $1,059 1/30/2015 New 402 1/1 612 $650,000 $1,062 1/27/2015 New 602 1/1 612 $720,000 $1,176 1/27/2015 New 604 2/1 880 $950,000 $1,080 1/23/2015 New 301 1/1 612 $685,000 $1,119 1/22/2015 New 503 1/1 575 $578,000 $1,005 1/22/2015 New Averages: 707 $769,600 $1,089

631 Folsom Street 114 May 2008 May 2009 s Malcolm Properties; Lennar Urban $650 - $900/month 2013 $1,141 (8 units) Blu Blu is a 21-story condominium tower located in the South of Market neighborhood. Designed by Handel Architects, the development features 114 residences and is approximately 214 feet high. The condominium homes range in size from 950 square feet for a two-bedroom to 2,700 square feet for a penthouse. Penthouses boast private roof decks and glass-walled solariums. Interior finishes feature European cabinetry, hardwood and carpet flooring, Bosch and Viking kitchen appliances and granite countertops. Amenities include a full-time doorman, concierge services, lobby and carousel parking for all residents. Unit SF 19E 2/2 906 $1,080,000 $1,192 11/6/2017 Resale 16B 2/2 1,054 $1,285,000 $1,219 10/11/2017 Resale 7D 2/2 1,230 $1,240,000 $1,008 10/6/2017 Resale 10C 2/2 1,054 $1,260,000 $1,195 9/8/2017 Resale PHD 3/2.5 2,623 $3,000,000 $1,144 8/8/2017 Resale 6A 2/2 1,136 $1,350,000 $1,188 8/7/2017 Resale 15B 2/2 1,054 $1,265,000 $1,200 6/21/2017 Resale 9F 2/2 1,190 $1,210,000 $1,017 6/2/2017 Resale 14D 2/2 1,230 $1,450,000 $1,179 4/27/2017 Resale 17D 2/2 1,230 $1,350,000 $1,098 3/29/2017 Resale Averages: 1,271 $1,449,000 $1,140

765 Market Street 142 2001 2001 Millennium Partners $1,865 - $2,590/month 2004 $1,967 (4 units) Four Seasons Residences Situated on Market Street in the heart of San Francisco,the Four Seasons Residences offers 142 ultra-luxury homes over the Four Seasons Hotel. Amenities and services include an attended lobby, valet parking, 24-hour room service, laundry/housekeeping services, direct access to the Sports Club/LA and the option to dine at the hotel s restaurant or private dining room Unit SF 35E 2/2.5 1,453 $2,575,000 $1,772 11/14/2017 Resale 26G 2/2.5 1,762 $3,200,000 $1,816 8/21/2017 Resale 36G 2/2.5 1,747 $3,450,000 $1,975 8/18/2017 Resale 34F 3/3 2,572 $5,595,000 $2,175 6/1/2017 Resale PH2A 4/4.5 4,640 $9,000,000 $1,940 3/16/2017 Resale 23AB 4/4.5 3,594 $5,724,000 $1,593 2/21/2017 Resale 22B 1/1 821 $1,325,000 $1,614 2/2/2017 Resale 22A 3/3.5 2,757 $3,300,000 $1,197 12/15/2016 Resale GPHA 4/5.5 4,640 $11,700,000 $2,522 10/19/2016 Resale 24A 3/3 2,677 $4,750,000 $1,774 3/4/2016 Resale Averages: 2,666 $5,061,900 $1,898

301 Mission Street 419 November 2007 April 2009 Millennium Partners $774 - $1,750/month 2013 $1,393 (2 units) Millennium Tower Millennium Tower is located in the heart of San Francisco s South of Market District. Residents are steps away from The Embarcadero, Ferry Building, Chinatown, SFMoMA, Yerba Buena Gardens and Union Square. The project consists of three collections of residences: The City Residences, The Residences and The Grand Residences. Each collection has its own elevator, lobby, homeowners association and selection of finishes. Amenities include an outdoor garden, pool and spa, fitness center run by Sports Club/LA, private lounge with dining area and ground-level retail space. Interior finishes feature hardwood or Berber carpet flooring, Studio Becker cabinetry, marble or brown quartzite countertops and kitchen appliances by Sub-Zero, Wolfe, Miele, GE, Bosch and U-Line. Unit SF 24D 1/1 789 $875,000 $1,109 9/14/2017 Resale 50c 2/2.5 2,819 $4,150,000 $1,472 9/8/2017 Resale PH1A 2/3 2,706 $5,750,000 $2,125 4/28/2017 Resale GPHA 2/2.5 5,009 $13,000,000 $2,595 12/19/2016 New 18F 2/3 1,845 $2,300,000 $1,247 9/8/2016 Resale 24H 1/1 773 $1,125,000 $1,455 7/27/2016 Resale 41E 2/2 1,714 $2,710,000 $1,581 7/20/2016 Resale 18E 2/2 1,098 $1,545,000 $1,407 6/27/2016 Resale 7C 1/1 833 $1,050,000 $1,261 5/23/2016 Resale 49B 3/3.5 3,315 $8,000,000 $2,413 4/29/2016 Resale Averages: 2,090 $4,050,500 $1,938

2 and 10 Mint Plaza 21 April 2014 April 2014 Martin Building Company $355+/month 2014 $956 (3 units) Mint Collection The Mint Collection originally began selling in early 2007 before leasing units due to market conditions. Select units in the Hales Warehouse and Sliver Building are now being released for sale. The available homes range between 433 and 3,300 square feet in size. The residences feature 11 6 and 11 15 ceilings, expansive windows, granite and concrete countertops and acid-stained concrete floors. Community amenities include an enclosed parking garage with secure access, 24-hour security and a rooftop deck with fitness center, custom spa, Viking grilling area and sun deck. Unit SF 501 1/1 1,242 $1,095,000 $882 11/22/2017 Resale 404 1/1 631 $680,000 $1,078 11/21/2017 Resale 402 1/1 769 $750,000 $975 10/12/2017 Resale 305 0/1 433 $565,000 $1,305 12/2/2016 Resale 601 1/1 1,242 $1,225,000 $986 10/14/2016 Resale 903 1/1 1,104 $1,200,000 $1,087 8/22/2016 Resale 401 2/2 1,244 $1,250,000 $1,005 11/24/2015 Resale 905 1/1 996 $1,237,500 $1,242 8/31/2015 Resale 302 1/1 769 $820,000 $1,066 7/8/2015 Resale 503 1/1 1,130 $1,050,000 $929 6/3/2015 Resale Averages: 956 $987,250 $1,033

One Hawthorne Street 165 January 2010 July 2010 Jackson Pacific Ventures, LLC ~$500 - $720/month 2013 $1,114 (2 units) One Hawthorne A beautiful addition to the vibrant South of Market neighborhood, One Hawthorne is a boutique collection of luxury condominium residences. The central location provides homeowners with easy access to a range of cultural activities, restaurants, shopping, parks and transportation options. The 25-story building represents smart sophisticated living at its best and is a rare residential opportunity in a dynamic and desirable neighborhood. The generous array of amenities includes an attended lobby, fitness center and furnished rooftop deck with barbeque, dining and lounge facilities. Unit SF 16D 1/1 845 $965,000 $1,142 10/27/2017 Resale 6C 1/1 851 $925,000 $1,087 10/25/2017 Resale 22C 2/2 1,314 $1,830,000 $1,393 5/24/2017 Resale 6D 1/1 852 $920,000 $1,080 4/20/2017 Resale 21F 2/2 1,385 $1,950,000 $1,408 4/7/2017 Resale 10F 2/2 1,383 $1,760,000 $1,273 2/10/2017 Resale 6C 1/1 851 $890,000 $1,046 1/27/2017 Resale 12A 1/1 909 $950,000 $1,045 1/18/2017 Resale PH25C 3/2.5 1,995 $3,000,000 $1,504 11/11/2016 Resale 14D 1/1 845 $925,000 $1,095 11/1/2016 Resale Averages: 1,123 $1,411,500 $1,257

425 First Street 390 June 2006 February 2008 Urban West Associates $675 - $1,000/month 2013 $1,487 (7 units) One Rincon Hill At over 50-stories tall, One Rincon Hill is one of the tallest residential developments west of the Mississippi River. The project includes one-, two- and three-bedroom homes. Many of the homes have expansive views of downtown and the water. The homes feature hardwood flooring, Italian cabinetry from Del Tongo, Sub-Zero refrigerators, Bosch stainless steel appliances and in-home laundry facilities. Amenities include a 24-hour doorman, concierge, high-speed Internet access, fitness center, hospitality room with catering kitchen, valet parking, full-size swimming pool and outdoor barbeque area with a fireplace. Unit SF 2007 1/1 819 $1,100,000 $1,343 11/3/2017 Resale 3608 1/1 755 $1,230,000 $1,629 10/17/2017 Resale 1603 2/2 1,278 $1,549,000 $1,212 8/21/2017 Resale 4704 1/1 605 $850,000 $1,405 8/21/2017 Resale 5101 2/2 1,042 $1,905,000 $1,828 8/9/2017 Resale 5302 2/2.5 1,971 $2,788,800 $1,415 6/26/2017 Resale 6002 3/2 1,526 $2,470,050 $1,619 6/8/2017 Resale 3002 3/3 1,971 $2,600,000 $1,319 5/31/2017 Resale 3904 1/1 605 $800,000 $1,322 4/17/2017 Resale 5803 3/2 1,677 $2,800,000 $1,670 4/17/2017 Resale Averages: 1,225 $1,809,285 $1,477

1160 Mission Street 246 March 2007 November 2008 s AGI Capital Partners; TMG Partners $550 - $650/month 2010 $1,108 (8 units) SOMA Grand Located in San Francisco s vibrant South of Market neighborhood, SOMA Grand is near numerous dining and retail options, as well as Union Square, San Francisco Symphony, City Hall and the San Francisco Opera. Homes are available in junior one-, one-, one-plus, two- and three-bedroom floor plans and range in size from 618 to 1,523 square feet. The building features a landscaped Park Level, state-of-the-art fitness center, onsite carshare, full concierge service and valet parking. Unit SF 1814 2/2 1,043 $1,265,000 $1,213 11/10/2017 Resale 1007 2/2 1,043 $1,095,000 $1,050 11/1/2017 Resale 1707 2/2 1,031 $1,180,000 $1,145 10/6/2017 Resale 1409 1/1 764 $799,000 $1,046 9/8/2017 Resale 1803 1/1 756 $797,500 $1,055 8/24/2017 Resale 1012 1/1 662 $750,000 $1,133 7/24/2017 Resale 1003 1/1 756 $800,000 $1,058 7/14/2017 Resale 2005 1/1 664 $760,000 $1,145 7/7/2017 Resale 513 2/2 1,131 $1,150,000 $1,017 5/26/2017 Resale 1114 2/2 1,043 $1,100,000 $1,055 1/25/2017 Resale Averages: 889 $969,650 $1,090

188 Minna Street 102 September 2004 October 2005 s Starwood Capital; Carpenter & Company $1,500 - $2,600/month 2006 $2,014 (1 unit) St. Regis Residences Located atop the 40-story St. Regis Hotel San Francisco, these 5-star residences are a convergence of world-class architecture and hospitality. Beginning on the 22nd floor, the elegant and spacious two- and three-bedroom homes, along with three limited edition penthouses, offer generous layouts with masterful touches in a full-service hotel. Unit SF 25F 2/2 1,527 $3,075,000 $2,014 7/14/2017 Resale 26E 3/3.5 2,563 $6,900,000 $2,692 1/6/2017 Resale 30D 2/2.5 1,792 $4,375,000 $2,441 5/12/2016 Resale 28B 2/2.5 1,760 $2,850,000 $1,619 12/17/2015 Resale 32B 2/2.5 1,719 $2,800,000 $1,629 9/17/2015 Resale 30C 2/2.5 1,670 $3,000,000 $1,796 6/19/2015 Resale 33C 2/2.5 1,670 $2,700,000 $1,617 5/1/2015 Resale 38B 2/2.5 1,619 $2,850,000 $1,760 4/20/2015 Resale 25B 2/2.5 1,777 $2,600,000 $1,463 2/13/2015 Resale 23C 2/2.5 1,670 $3,150,000 $1,886 8/8/2014 Resale Averages: 1,777 $3,430,000 $1,931

219, 229, 239 Brannan Street 336 2000 July 2000 Reliance Development Group $850 - $1,050/month 2003 $1,417 (8 units) The Brannan Consisting of three towers, The Brannan offers one-, twoand three-bedroom floorplans and an array of amenities that include an attended lobby in each building, concierge services, an outdoor pool with cabanas and grilling facilities and fitness center. Its inspiring design, carefully chosen amenities, spacious homes and incredible views have established the building as one of the premier residences in the entire Bay Area. The style of internationally acclaimed interior designer Christian Liaigre creates a superb combination of luxury and sophistication. Unit SF 18A 3/2 1,685 $3,000,000 $1,780 11/21/2017 Resale 12C 2/2 1,321 $1,650,000 $1,249 10/26/2017 Resale 5A 2/2 1,279 $1,700,000 $1,329 10/23/2017 Resale 9D 2/2 1,347 $2,300,000 $1,707 10/23/2017 Resale 3A 2/2 1,220 $1,620,000 $1,328 9/25/2017 Resale 16B 1/1 735 $985,000 $1,340 8/21/2017 Resale 5C 2/2 1,321 $1,500,000 $1,136 8/18/2017 Resale 16K 2/2 1,224 $1,600,000 $1,307 7/6/2017 Resale 11C 1/1.5 899 $930,000 $1,034 4/26/2017 Resale 16D 2/2 1,347 $2,600,000 $1,930 4/7/2017 Resale Averages: 1,238 $1,788,500 $1,445

318 & 338 Spear Street; 301 & 333 Main Street 650 June 2006 February 2008 Tishman Speyer Properties ~$700/month 2011 $1,218 (11 units) The Infinity Located on Folsom Street between Spear and Main, The Infinity is a landmark of contemporary design in San Francisco. The Infinity was designed by renowned architect Bernardo Fort-Brescia of Arquitectonica in collaboration with Heller Manus Architects of San Francisco. The ultimate modern urban community features two towers rising 37 and 42 stories and two podium buildings of eight and nine stories. The Infinity is distinguished by a sleek exterior design with expansive, undulating curved glass walls that rise into the sky, affording each homeowner with their very own panoramic San Francisco bay window. Amenities include a swimming pool, fitness center, club lounge with a catering kitchen, landscaped courtyard, 24-hour attended lobby, private theatre, concierge and business center. Most of the homes feature expansive City and Bay views. Unit SF 7A 2/2 1,107 $1,260,000 $1,138 11/7/2017 Resale 19G 1/1 758 $960,000 $1,266 10/19/2017 Resale 3A 2/2 1,274 $1,379,000 $1,082 10/4/2017 Resale 9F 1/1 832 $949,000 $1,141 9/1/2017 Resale 14G 1/1 805 $965,000 $1,199 8/17/2017 Resale 6K 1/1 832 $920,000 $1,106 8/16/2017 Resale 23D 2/2 1,317 $1,795,000 $1,363 8/8/2017 Resale 5K 1/1 829 $875,000 $1,055 7/28/2017 Resale 3G 1/1 812 $865,000 $1,065 7/25/2017 Resale 27D 2/2 1,317 $1,950,000 $1,481 7/17/2017 Resale Averages: 988 $1,191,800 $1,206

333 & 355 First Street 342 October 2003 May 2004 Crescent Heights $550 - $650/month 2005 $1,269 (8 units) The Metropolitan Located in Rincon Hill, The Metropolitan consists of two towers of luxury condominiums. Amenities include a concierge, indoor pool and spa, fitness center, library, recreation room and business center. Unit SF S2305 2/2 1,315 $1,710,000 $1,300 11/15/2017 Resale 1704 2/2 983 $1,299,000 $1,321 11/6/2017 Resale N1803 1/1 713 $890,000 $1,248 11/6/2017 Resale 1101 1/1 763 $880,000 $1,153 10/17/2017 Resale 803 1/1 566 $795,000 $1,405 8/30/2017 Resale 604 2/2 1,121 $1,260,000 $1,124 8/25/2017 Resale 1907 2/2 950 $1,265,000 $1,332 7/14/2017 Resale S1705 1/1 691 $910,000 $1,317 6/12/2017 Resale N1406 0/1 506 $650,000 $1,285 5/24/2017 Resale S403 1/1 566 $750,000 $1,325 5/10/2017 Resale Averages: 817 $1,040,900 $1,273

555 Fourth Street 300 November 2005 August 2006 Cassidy Construction ~$500/month 2008 $1,075 (7 units) The Palms Located on the corner of Brannan & Fourth Streets, The Palms offers easy access to some of San Francisco s finest restaurants, shopping, art galleries, entertainment options and public transportation. Amenities include a concierge, doorman, business center, fitness center, 20-seat theatre, garage parking and private Palms Park. The homes features dramatic City, downtown and Bay Bridge views, balconies, stainless steel Bosch appliances and walnut hardwood flooring. Floor plans are available in junior-one, one, two- and three-bedroom configurations. Unit SF 827 2/2.5 1,245 $1,250,000 $1,004 11/17/2017 Resale 743 1/1 718 $775,000 $1,079 11/9/2017 Resale 203 1/1 821 $910,000 $1,108 10/20/2017 Resale 533 1/1 691 $718,000 $1,039 9/1/2017 Resale 900 2/2 1,111 $1,180,000 $1,062 8/30/2017 Resale 744 1/1 676 $750,000 $1,109 6/23/2017 Resale 924 1/1 580 $700,000 $1,207 6/23/2017 Resale 809 2/2.5 1,060 $1,250,000 $1,179 5/25/2017 Resale 530 0/1 580 $570,000 $983 5/16/2017 Resale 533 1/1 691 $626,850 $907 5/11/2017 Resale Averages: 817 $872,985 $1,068

501 Beale Street 136 (120 Market Rate) September 2005 April 2006 Lend Lease $729/month 2006 $1,503 (6 units) Watermark Watermark is comprised of 136 well-appointed one-, twoand three-bedroom residences. Homes feature floor-toceiling views of the City and Bay. Premium finishes include fixtures by Cifial, Hansgrohe, Duravit and Kohler, as well as Bosch and Sub-Zero appliances. All homes include honed black granite kitchen countertops, operable windows, 9-foot ceilings and central air. Amenities include an attended lobby, secure parking, stateof-the-art fitness center featuring Pilates equipment and weight machines, a heated outdoor pool and spa and lushly landscaped common deck with a Thermador gas barbeque grill and dramatic water and Bay Bridge views. Unit SF 12D 2/2 1,259 $1,895,000 $1,505 11/9/2017 Resale 11C 1/1 801 $1,045,000 $1,305 10/18/2017 Resale 18A 3/2.5 1,469 $3,200,000 $2,178 7/28/2017 Resale 20F 2/2 1,128 $1,537,000 $1,363 7/13/2017 Resale 10D 2/2 1,259 $1,676,500 $1,332 6/28/2017 Resale 4H 2/2 1,161 $1,285,000 $1,107 6/20/2017 Resale 4A 2/2 1,160 $1,225,000 $1,056 2/7/2017 Resale 4C 2/2 1,259 $1,275,000 $1,013 6/3/2016 Resale 16E 1/1 759 $875,000 $1,153 3/10/2016 Resale 9H 2/2 1,161 $1,950,000 $1,680 11/18/2015 Resale Averages: 1,142 $1,596,350 $1,398

170 King Street 177 Townsend Street 198 (174 Market Rate) February 2007 June 2007 Security Properties $580/month 2009 $1,144 (6 units) 170 Off Third Located in South Beach, 170 Off Third is close to shopping, dining and an ever-expanding list of entertainment options, including AT&T Park, The Embarcadero and Ferry Building. Homes feature panoramic city and bay views, built-in computer workstations, granite countertops, stainless steel KitchenAid appliances and secure parking. Building amenities include a two-story Club Room, fitness center and landscaped courtyard with pool, sun deck and outdoor barbeque grills. Unit SF 810 1/1 752 $895,000 $1,190 10/19/2017 Resale 825 2/2 1,020 $1,285,000 $1,260 7/13/2017 Resale 1124 1/1 534 $745,000 $1,395 7/3/2017 Resale 504 1/1 852 $900,000 $1,056 6/22/2017 Resale 332 2/2 985 $908,000 $922 6/14/2017 Resale 901 1/1 788 $910,000 $1,155 6/9/2017 Resale 711 2/2 900 $1,100,000 $1,222 5/11/2017 Resale 804 1/1 852 $910,000 $1,068 5/5/2017 Resale 1106 2/2 922 $1,035,000 $1,123 1/13/2017 Resale 436 1/1 755 $805,000 $1,066 1/6/2017 Resale Averages: 836 $949,300 $1,136

235 Berry Street 99 February 2006 November 2006 Signature Properties ~$500/month 2008 $1,068 (3 units) 235 Berry 235 Berry features a central courtyard and concierge services. The homes include stainless steel Bosch appliances, ceramic tile and carpet flooring and granite slab countertops. There is one deeded parking space per home and all feature outdoor space. Unit SF 115 3/3 1,700 $1,750,000 $1,029 8/11/2017 Resale 705 2/2 1,215 $1,403,000 $1,155 7/19/2017 Resale 415 2/2 1,235 $1,280,000 $1,036 6/20/2017 Resale 704 2/2 1,007 $1,260,000 $1,251 4/21/2017 Resale 612 2/2.5 1,590 $1,749,000 $1,100 4/14/2017 Resale 313 2/2 1,235 $1,280,000 $1,036 2/10/2017 Resale 315 2/2 1,235 $1,300,000 $1,053 12/5/2016 Resale 404 2/2 1,070 $1,195,000 $1,117 11/30/2016 Resale 106 3/3 1,670 $2,100,000 $1,257 3/18/2016 Resale 411 2/2 955 $1,365,000 $1,429 11/10/2015 Resale Averages: 1,291 $1,468,200 $1,137

255 Berry Street 100 October 2003 May 2004 Signature Properties ~$550 - $600/month 2005 $1,091 (4 units) 255 Berry Developed by Signature Properties, 255 Berry is located along Mission Creek in Mission Bay. Residences offer views of the City and bay and feature a landscaped courtyard. Amenities include a 24-hour concierge service, in-home security systems and granite countertops. Unit SF 111 2/2.5 1,268 $1,525,000 $1,203 11/22/2017 Resale 323 2/2 1,398 $1,450,000 $1,037 10/5/2017 Resale 511 2/2 1,123 $1,225,000 $1,091 6/16/2017 Resale 406 2/2 1,293 $1,345,000 $1,040 6/1/2017 Resale 402 2/2 1,014 $1,163,088 $1,147 5/10/2017 Resale 516 2/2 1,223 $1,475,000 $1,206 4/21/2017 Resale 304 1/1 873 $870,000 $997 4/14/2017 Resale 102 2/2.5 1,170 $1,245,000 $1,064 4/11/2017 Resale 604 2/2 1,456 $1,350,000 $927 3/16/2017 Resale 317 2/2.5 1,712 $1,840,000 $1,075 12/2/2016 Resale Averages: 1,253 $1,348,809 $1,076

718 Long Bridge Street 267 June 2014 December 2015 Bosa Development Corporation $780 - $965/month 2016 $1,173 (3 units) Arden Arden offers 267 sophisticated residences situated along Mission Creek. The modern homes feature walkable access to the highly-livable urban neighborhood of Mission Bay. Interior finishes include hardwood and carpet flooring, Caesarstone countertops, Thermador appliances, full-size Whirlpool washer and dryers and walk in closets in most residences. Residents enjoy attended lobbies in both buildings, a fireside lounge, fitness center, outdoor wood deck with City views, social lounge, pet wash, resident workshop and more. Unit SF 321 2/2 1,217 $1,350,000 $1,109 9/20/2017 Resale 303 2/2 1,290 $1,485,000 $1,151 8/24/2017 Resale 910 2/2 1,422 $1,775,000 $1,248 7/18/2017 Resale 406 2/2 1,438 $1,515,000 $1,054 3/8/2017 Resale 204 2/2 1,309 $1,328,826 $1,015 1/24/2017 Resale 1400 2/2 1,266 $1,635,000 $1,291 1/19/2017 Resale 802 2/2 1,414 $1,775,000 $1,255 9/30/2016 Resale 324 2/2 1,247 $1,262,000 $1,012 7/15/2016 Resale 303 2/2 1,280 $1,250,000 $977 7/7/2016 Resale 606 2/2 1,374 $1,425,000 $1,037 7/6/2016 Resale Averages: 1,326 $1,480,083 $1,116

300 Berry Street 269 June 2006 November 2008 Intracorp San Francisco ~$300 - $500/month 2010 $1,260 (7 units) Arterra Arterra was designed as San Francisco s first LEEDcertified residential high-rise building, featuring recycled and sustainable construction materials and finishes and two grass rooftops. The development consists of three buildings: a 16-story tower and nine- and six-story mid-rise structures. Amenities include a 24-hour attended front desk, wellness center with fitness equipment, and a community lounge with an indoor/outdoor fireplace, entertainment system and kitchen. The homes include Energy Star-rated stainless steel Whirlpool appliances, Bosch dishwashers, bamboo flooring, Studio Becker cabinetry and granite slab countertops. Unit SF 620 1/1 655 $795,000 $1,214 11/22/2017 Resale 1606 1/1 718 $990,000 $1,379 11/9/2017 Resale 414 1/1 670 $830,000 $1,239 10/30/2017 Resale 601 2/2 1,167 $1,390,000 $1,191 8/15/2017 Resale 919 1/1 730 $935,920 $1,282 7/24/2017 Resale 1413 2/1 968 $1,235,000 $1,276 7/6/2017 Resale 307 1/1 591 $755,000 $1,277 6/14/2017 Resale 1210 2/1 960 $1,225,000 $1,276 5/19/2017 Resale 621 1/1 730 $885,000 $1,212 3/10/2017 Resale 706 1/1 693 $845,000 $1,219 1/17/2017 Resale Averages: 788 $988,592 $1,254

435 China Basin Way 329 September 2011 August 2012 Bosa Development Corporation $678 - $899/month 2013 $1,077 (11 units) Madrone Madrone delivers beautifully executed homes on San Francisco s south waterfront. Located in the heart of Mission Bay, Madrone offers easy access to some of the city s finest restaurants and attractions, as well as public transportation and freeways. The one-, two- and two-bedroom plus floor plans are designed to be spacious, comfortable and modern. Amenities include an outdoor pool and spa, sundeck, entertaining kitchen, fitness center, screening room and attended lobby. Interior finishes include Caesarstone slab countertops, Bosch dishwashers, European-inspired cabinetry, oak or maple hardwood flooring and Whirlpool washer and dryers. Unit SF 333 2/1 1,124 $1,073,000 $955 11/20/2017 Resale 306 1/1 927 $980,000 $1,057 11/13/2017 Resale 445 2/2 1,477 $1,750,000 $1,185 10/27/2017 Resale 620 1/1.5 1,130 $1,105,000 $978 10/17/2017 Resale 315 2/2 1,387 $1,400,000 $1,009 10/12/2017 Resale 527 2/2 1,168 $1,280,000 $1,096 10/5/2017 Resale 411 2/2 1,383 $1,525,000 $1,103 8/18/2017 Resale 623 2/2 1,092 $1,285,000 $1,177 8/9/2017 Resale 542 2/2 1,176 $1,260,000 $1,071 7/3/2017 Resale 538 1/1 878 $975,000 $1,110 6/27/2017 Resale Averages: 1,174 $1,263,300 $1,076

325 Berry Street 110 June 2006 August 2007 s Opus West; Phoenix Property Company $430 - $500/month 2009 $1,064 (7 units) Park Terrace Located along Mission Creek in San Francisco s thriving Mission Bay neighborhood, Park Terrace is surrounded by 49 acres of parks and promenades. The development is located conveniently next to public transportation, Safeway and AT&T Park. The development features a cardio fitness center, landscaped courtyard with a fountain and barbeque area, secured lobby and conference room. The homes include stainless steel GE Profile appliances, hardwood flooring in the kitchens, carpeting in the living areas, granite countertops and European frameless cabinets with an amber stain. Unit SF 110 3/2.5 1,662 $1,600,000 $963 11/27/2017 Resale 425 2/2 1,287 $1,350,000 $1,049 10/12/2017 Resale 527 2/2 1,416 $1,740,000 $1,229 10/4/2017 Resale 416 2/2 1,364 $1,295,000 $949 9/27/2017 Resale 602 1/1 1,117 $1,318,000 $1,180 9/13/2017 Resale 306 1/1 882 $905,000 $1,026 7/7/2017 Resale 712 1/1 846 $912,500 $1,079 6/9/2017 Resale 516 2/2 1,364 $1,355,000 $993 4/28/2017 Resale 315 1/1 848 $920,000 $1,085 3/23/2017 Resale 717 1/1 741 $960,000 $1,296 2/6/2017 Resale Averages: 1,153 $1,235,550 $1,072

330 Mission Bay Boulevard 99 March 2007 July 2008 Bosa Development Corporation $650 - $750/month 2009 $1,132 (3 units) Radiance at Mission Bay Radiance at Mission Bay is situated along the waterfront and features homes that range in size from 850 to 2,175 square feet. The residences feature hardwood and carpet flooring, European-style wood veneer cabinetry, KitchenAid stainless steel appliances and Caesarstone countertops. Each home includes a parking space. Community amenities consist of a lobby, concierge, fitness room, community room with kitchen and rooftop deck with an outdoor firepit and barbecue area. Unit SF 312 2/2 1,176 $1,302,000 $1,107 11/3/2017 Resale 306 1/1 847 $885,000 $1,045 10/5/2017 Resale 314 2/2 1,412 $1,700,000 $1,204 9/1/2017 Resale 405 2/2 1,046 $1,150,000 $1,099 2/24/2017 Resale 308 1/1 850 $918,000 $1,080 4/7/2016 Resale 605 1/1 972 $1,298,000 $1,335 10/22/2015 Resale 601 1/1 987 $1,288,000 $1,305 8/17/2015 Resale 802 2/2 1,620 $1,800,000 $1,111 4/22/2015 Resale 402 1/1.5 906 $999,000 $1,103 4/3/2015 Resale 702 2/2 1,608 $1,670,000 $1,039 4/3/2015 Resale Averages: 1,142 $1,301,000 $1,139

Multiple es 88 (79 Market Rate) June 2014 January 2016 Lennar Urban $250 - $505/month 2015 n/a The San Francisco Shipyard - Phase I The San Francisco Shipyard launched its first phase of 88 homes in the Olympia and Merchant buildings in June 2014. This master-planned development features modern interior finishes, private outdoor space and one-to-one parking. Residents have access to more than 300 acres of manicured parks and open space as well as easy access to downtown via new public transportation options. Unit SF 213 1/1 744 $580,000 $780 9/7/2016 Resale 313 2/2 1,015 $760,000 $749 6/24/2016 Resale 216 2/2 950 $780,000 $821 6/16/2016 Resale 407 1/1 691 $615,000 $890 6/15/2016 Resale 208 3/2 1,158 $825,000 $712 5/31/2016 Resale 201 2/2 1,027 $608,500 $593 1/26/2016 New 413 2/2 1,015 $680,500 $670 1/15/2016 New 311 1/1 691 $523,000 $757 1/14/2016 New 510 2/2 1,025 $720,500 $703 12/11/2015 New 206 2/2 933 $666,000 $714 12/8/2015 New Averages: 925 $675,850 $731

1001 17th Street 26 (21 Market Rate) November 2015 January 2016 Vanguard Properties $409 - $574/month 2016 n/a 1001 Seventeenth Located in Potrero Hill and designed by San Francisco s Elevation Architects, 1001 17th features 26 modern studios, one- and two-bedroom homes. Features include designer kitchens and baths, wide plank hardwood flooring, radiant heating, city views and an indoor courtyard. Unit SF 405 0/1 490 $550,000 $1,122 7/18/2016 New 101 1/1 935 $805,000 $861 6/29/2016 New 308 2/2 925 $1,010,000 $1,092 5/28/2016 New 302 1/1 535 $699,000 $1,307 3/31/2016 New 404 1/1 528 $660,000 $1,250 3/29/2016 New 203 1/1 544 $680,000 $1,250 3/11/2016 New 307 2/2 1,059 $1,160,000 $1,095 3/8/2016 New 206 0/1 490 $599,000 $1,222 2/23/2016 New 401 1/1 695 $775,000 $1,115 2/17/2016 New 205 1/1 590 $649,000 $1,100 2/12/2016 New Averages: 679 $758,700 $1,117

900 Minnesota Street 142 October 2007 November 2008 BUILD, Inc. $350 - $500/month 2012 $1,049 (8 units) Homes on Esprit Park Homes on Esprit Park is located in San Francisco s Central Waterfront area. Interior finishes include waxed concrete, bamboo and Berber carpet flooring, Liebherr stainless steel refrigerators, Bertazzoni stainless steel gas ranges, hand-crafted wood cabinetry and granite countertops. Unit SF 305 1/2 1,101 $1,210,000 $1,099 11/9/2017 Resale 317 2/2 1,333 $1,510,000 $1,133 11/9/2017 Resale 325 1/1.5 835 $885,000 $1,060 7/28/2017 Resale 556 2/2.5 1,586 $1,700,000 $1,072 7/27/2017 Resale 354 1/1.5 855 $936,000 $1,095 7/21/2017 Resale 501 2/2 1,521 $1,665,000 $1,095 7/21/2017 Resale 309 1/1 807 $860,000 $1,066 7/18/2017 Resale 830 Minnesota 2/2.5 1,659 $1,410,000 $850 6/2/2017 Resale 561 2/2 1,414 $1,250,000 $884 4/11/2017 Resale 468 1/1.5 835 $849,000 $1,017 2/24/2017 Resale Averages: 1,195 $1,227,500 $1,028

645 Texas Street 91 (80 Market Rate) January 2017 Trumark Urban $508 - $793/month 2017 $1,266 (38 units) Knox Located in the popular Dogpatch neighborhood, Knox offers 91 residences in a rustic yet modern environment. Amenities include an attended lobby, courtyard with outdoor movie wall, fitness center and community lounge. Unit SF 219 2/2 1,092 $1,315,000 $1,204 11/28/2017 New 309 2/2 877 $1,125,000 $1,283 11/21/2017 New 502 2/2 906 $1,265,000 $1,396 11/17/2017 Resale 209 2/2 877 $1,106,000 $1,261 11/15/2017 New 319 2/2 1,092 $1,345,000 $1,232 11/7/2017 New 200 2/2 834 $1,095,000 $1,313 11/3/2017 New 404 1/1 669 $890,000 $1,330 10/31/2017 New 504 3/2 1,480 $1,995,000 $1,348 10/31/2017 New 503 2/2 959 $1,365,000 $1,423 10/26/2017 New 302 2/2 945 $1,220,000 $1,291 10/13/2017 New Averages: 973 $1,272,100 $1,307

1275 Indiana Street 1260 Minnesota Street 39 May 2014 August 2014 The R Group $475 - $546/month 2015 n/a Millwheel North Millwheel North features spacious one-, two- and threebedroom residences in the up and coming Dogpatch neighborhood. Residents will enjoy a boutique hotel aesthetic, landscaped courtyard and secure parking. The residences include dark hardwood flooring, carpet, gas fireplaces, shaker-style cabinetry, Caesarstone countertops, KitchenAid refrigerators, Bertazzoni gas ranges with convection ovens, Bertazzoni microwaves and Bosch dishwashers. Unit SF 103 2/2 1,467 $1,235,000 $842 8/30/2016 Resale 205 2/2 1,256 $1,090,000 $868 4/21/2016 Resale 403 2/2 1,096 $1,045,000 $953 12/16/2014 New 405 2/2 1,215 $1,150,000 $947 10/28/2014 New 103 2/2 1,467 $1,245,000 $849 10/24/2014 New 101 2/2 1,360 $1,050,000 $772 10/22/2014 New 102 2/2 1,121 $995,000 $888 10/22/2014 New 203 2/2 1,233 $949,000 $776 10/22/2014 New 206 2/2 1,221 $1,100,000 $901 10/22/2014 New 301 2/2 1,316 $1,125,000 $855 10/22/2014 New Averages: 1,274 $1,098,400 $862

1717 17th Street 20 March 2014 May 2014 s LNF Partners; Peter & Elizabeth Meier $350 - $445/month 2014 $1,257 (1 unit) Onyx - Phase 1 Onyx is located in San Francisco s eclectic and sunny Potrero Hill neighborhood. The stylish homes are available in one-, two- and two-bedroom plus den floor plans and include modern finishes. Residents enjoy a full array of exciting dining, retail and cultural options. The Potrero Hill location also affords easy access to other exciting neighborhoods like South of Market, the Mission and the Dogpatch. Unit SF 306 2/2.5 1,273 $1,600,000 $1,257 8/25/2017 Resale 406 2/2.5 1,274 $1,635,000 $1,283 2/24/2017 Resale 202 1/1 889 $985,000 $1,108 12/5/2014 New 205 1/1 700 $800,000 $1,143 7/7/2014 New 203 2/2 917 $1,127,000 $1,229 6/20/2014 New 206 2/2.5 1,237 $1,270,600 $1,027 6/17/2014 New 204 2/2.5 1,190 $1,205,000 $1,013 6/10/2014 New 302 1/1 889 $899,000 $1,011 6/5/2014 New 207 2/2 1,273 $1,350,000 $1,060 5/28/2014 New 307 2/2.5 1,319 $1,600,000 $1,213 5/23/2014 New Averages: 1,096 $1,247,160 $1,138

310 Carolina Street 21 October 2015 December 2015 s LNF Partners; Peter and Elizabeth Meier $456/month 2016 n/a Onyx on the Park Located in Potrero Hill, Onyx on the Park offers a limited collection of one- and two-bedroom homes featuring contemporary finishes, such as wide plank European oak floors with radiant heat, professional kitchens with large center islands, built-in Liebherr refrigerators, Bosch dishwashers, quartz countertops and high-gloss cabinetry by Barbosa. Residents will enjoy a custom designed common area roof terrace and a variety of neighborhood amenities. Phase I of Onyx sold out in 2014. Unit SF 403 2/2 877 $1,149,000 $1,310 4/28/2016 New 406 2/2.5 1,272 $1,735,000 $1,364 2/17/2016 New 402 1/1 897 $1,099,000 $1,225 1/14/2016 New 405 1/1 722 $889,000 $1,231 1/12/2016 New 301 1/1 903 $1,129,000 $1,250 1/5/2016 New 207 2/2 1,271 $1,365,000 $1,074 12/22/2015 New 202 1/1 844 $1,149,000 $1,361 12/21/2015 New 305 1/1 724 $890,000 $1,229 12/21/2015 New 204 2/2.5 1,209 $1,525,000 $1,261 12/20/2015 New 401 1/1 903 $1,350,000 $1,495 12/20/2015 New Averages: 962 $1,228,000 $1,276

346 Potrero Avenue 70 (59 Market Rate) September 2016 December 2016 Trumark Urban $572 - $702/month 2017 $1,283 (19 units) Rowan Located in the popular and bustling Inner Mission neighborhood, Rowan offers one-, two- and three-bedroom floor plans. Amenities include a rooftop terrace and secondfloor courtyard. Finishes include quartz countertops, stainless steel appliances and floor-to-ceiling windows. Unit SF 708 2/2 831 $1,099,000 $1,323 10/25/2017 New 404 2/2 841 $1,049,000 $1,247 10/12/2017 New 607 1/1 659 $826,000 $1,253 10/6/2017 New 507 1/1 659 $813,000 $1,234 10/3/2017 New 810 1/1 673 $920,000 $1,367 10/2/2017 New 202 2/2 866 $1,099,000 $1,269 9/29/2017 New 803 2/2 845 $1,175,000 $1,391 8/24/2017 New 707 1/1 659 $900,000 $1,366 8/18/2017 New 508 2/2 831 $1,049,000 $1,262 8/16/2017 New 704 2/2 841 $1,150,000 $1,367 8/15/2017 New Averages: 814 $1,062,500 $1,305

451 Kansas Street 165 (145 Market Rate) February 2007 September 2007 Lambert Development $380 - $580/month 2009 $1,149 (8 units) The Potrero Located in one of San Francisco s most historical and eclectic neighborhoods, The Potrero offers easy access to freeways, the excitement of downtown, cultural activities and renowned restaurants. The Potrero also includes an onsite Whole Foods Market. The homes feature Studio Becker cabinetry, GE Profile stainless steel appliances and granite countertops. The development offers a mix of floor plans, from spacious studios to expansive two- and three-bedroom townhomes. Many of the homes include private outdoor space. Community amenities include a dramaticallylandscaped courtyard and state-of-the-art fitness center with a Pilates and yoga studio. Unit SF 378 1/1 700 $800,000 $1,143 11/8/2017 Resale 360 1/1 661 $750,000 $1,135 10/17/2017 Resale 460 1/1 784 $875,000 $1,116 10/17/2017 Resale 352 0/1 436 $605,000 $1,388 10/4/2017 Resale 322 1/1 662 $745,000 $1,125 9/25/2017 Resale 390 2/2 964 $1,106,000 $1,147 7/28/2017 Resale 573 1/1 685 $765,000 $1,117 7/25/2017 Resale 445 1/1 804 $900,000 $1,119 7/12/2017 Resale 476 2/2 918 $1,135,000 $1,236 5/26/2017 Resale 485 1/1 825 $890,000 $1,079 5/23/2017 Resale Averages: 744 $857,100 $1,152

300 Ivy Street 63 May 2013 January 2014 Ivy Grove Partners, LLC $412 - $650/month 2014 n/a 300 Ivy Located in Hayes Valley, 300 Ivy offers 63 residences, including five townhomes. Seeking LEED-Platinum certification, the new development features a landscaped courtyard, rooftop garden with outdoor grill, seating and dining areas and a sundeck. Residents will also have access to bicycle storage and onsite car sharing. The spacious floor plans feature wide-plank, sustainably sourced oak flooring, forced air conditioning, Caesarstone counterops, Studio Becker cabinetry and stainless steel Bosch and Liebherr appliances. Unit SF 500 2/2 1,075 $1,480,000 $1,377 2/14/2017 Resale 413 1/1 677 $900,000 $1,329 7/29/2016 Resale 126 3/2 1,596 $2,145,000 $1,344 6/30/2016 Resale 505 1/1 624 $870,000 $1,394 5/13/2016 Resale 403 1/1 679 $885,000 $1,303 3/16/2016 Resale 314 2/2 970 $1,400,000 $1,443 2/19/2016 Resale 512 2/2 1,038 $1,675,000 $1,614 2/19/2016 Resale 502 2/2 938 $1,315,000 $1,402 9/4/2015 Resale 507 2/2 916 $1,210,000 $1,321 3/14/2014 Resale 215 2/2 1,010 $967,000 $957 3/3/2014 New Averages: 952 $1,284,700 $1,349

388 Fulton Street 69 (61 Market Rate) March 2016 August 2016 7x7 Development, LLC $346 - $499/month 2016 n/a 388 Fulton 388 Fulton offers 69 innovative residences in Hayes Valley, one of San Francisco s most popular hubs for cultural attractions, fine dining and boutique shopping. Featuring generous interior finishes and several common areas perfect for both socializing and relaxing, 388 Fulton is intended for the urban buyer who desires an effortless lifestyle. The rooftop deck, lobby and courtyard are designed to encourage an interactive and connected lifestyle. Unit SF 205 2/1 714 $878,000 $1,230 12/23/2016 New 411 2/1 714 $863,250 $1,209 12/23/2016 New 606 0/1 354 $545,000 $1,540 12/16/2016 New 511 2/1 714 $848,000 $1,188 12/11/2016 New 514 2/1 708 $912,000 $1,288 11/24/2016 New 413 2/1 743 $925,000 $1,245 11/17/2016 New 302 2/1 779 $930,000 $1,194 11/15/2016 New 513 2/1 743 $974,000 $1,311 11/8/2016 New 402 2/1 779 $1,008,000 $1,294 11/2/2016 New 311 2/1 714 $929,000 $1,301 10/28/2016 New Averages: 696 $881,225 $1,266

400 Grove Street 34 (30 Market Rate) May 2015 October 2015 s DDG; DM Development $600 - $900/month 2016 n/a 400 Grove Located at the corner of Gough and Grove Streets, 400 Grove features innovative architecture and stylish flats and townhomes. The modern junior one-, one- and two-bedroom homes offer easy access to a wide array of entertainment, dining and retail options in the desirable Hayes Valley neighborhood. Unit SF 501 2/2.5 1,369 $1,995,000 $1,457 5/11/2016 Resale 302 1/1 679 $790,000 $1,163 5/2/2016 New 105 2/2 1,009 $1,350,000 $1,338 11/6/2015 New 503 2/2 1,080 $1,687,000 $1,562 11/5/2015 New 202 1/1 677 $771,000 $1,139 10/30/2015 New 304 0/1 428 $544,000 $1,271 10/30/2015 New 405 2/2 1,194 $1,498,000 $1,255 10/30/2015 New 307 2/2 1,154 $1,432,000 $1,241 10/29/2015 New 103 2/2 1,110 $1,414,500 $1,274 10/23/2015 New 203 2/2 1,028 $1,426,000 $1,387 10/23/2015 New Averages: 973 $1,290,750 $1,327

450 Hayes Street 41 (36 Market Rate) January 2016 July 2016 s DDG; DM Development $721 - $986/month 2017 $1,410 (2 units) 450 Hayes Conveniently located within Hayes Valley, 450 Hayes offers owners a wealth of lifestyle amenities in one of San Francisco s most popular neighborhoods. Excellent commute access, unique restaurants, offbeat retailers and green spaces make this vibrant neighborhood a popular place to live and play. 450 Hayes features 41 flexible residences in one-, two- and three-bedroom configurations. The ground floor features a restaurant concept from Adriano Paganini. There are two available penthouse homes. Unit SF 1E 1/2 1,110 $1,535,000 $1,383 9/13/2017 Resale 2F 1/1 730 $1,060,000 $1,452 6/1/2017 Resale 1A 1/2 1,110 $1,325,000 $1,194 3/10/2017 Resale 2J 1/1 967 $1,150,000 $1,189 12/30/2016 New 2K 1/1 713 $909,000 $1,275 12/30/2016 New 2M 2/2 1,262 $1,625,000 $1,288 11/23/2016 New 4B 2/2 1,035 $1,670,000 $1,614 11/22/2016 New 4A 2/2 1,171 $1,700,000 $1,452 11/10/2016 New 2L 1/1 706 $929,000 $1,316 10/20/2016 New 4E 2/2 1,135 $1,895,000 $1,670 9/26/2016 New Averages: 994 $1,379,800 $1,388

8 Octavia Street 47 (40 Market Rate) June 2014 November 2014 s DDG; DM Development $580 - $840/month 2015 $1,272 (2 units) 8 Octavia Designed by award-winning architect, Stanley Saitowitz, 8 Octavia offers 47 modern residences over retail space in Hayes Valley. The one-, two- and three-bedroom homes feature flexible living spaces and designer finishes. The penthouse homes include private outdoor terraces, twolevel townhome plans and technology-enabled concierge services and access systems. There are 24 parking spaces. Unit SF 502 2/2 1,001 $1,295,000 $1,294 11/20/2017 Resale 301 2/2.5 968 $1,210,000 $1,250 7/18/2017 Resale 304 2/2 1,001 $1,205,000 $1,204 3/10/2017 Resale 603 1/1 726 $810,000 $1,116 12/13/2016 Resale 401 2/2 968 $985,000 $1,018 11/10/2015 New 306 2/2 1,001 $1,125,000 $1,124 6/11/2015 New 802 2/2 1,001 $1,250,000 $1,249 5/28/2015 New 801 2/2.5 968 $1,320,000 $1,364 5/22/2015 New 606 2/2 1,001 $1,136,500 $1,135 5/13/2015 New 202 2/2 1,001 $949,000 $948 4/30/2015 New Averages: 964 $1,128,550 $1,171

1 Franklin Street 35 (31 Market Rate) May 2016 August 2016 JS Sullivan Development $535 - $565+/month 2017 Past Six Months /SF n/a One Franklin One Franklin offers 35 condominium residences in studio, one- and two-bedroom floor plans. The development is ideally located between Hayes Valley, Market Street and the Mission. Amenities include two common areas, a second floor courtyard and sixth floor deck with grill. Residents have access to bike parking and private storage. Studios are sold out. Unit SF s 506 2/2 940 $1,149,000 $1,222 11/10/2016 New 502 1/1 504 $710,000 $1,409 11/1/2016 New 602 1/1 504 $735,000 $1,458 10/13/2016 New 406 2/2 940 $1,095,000 $1,165 10/11/2016 New 704 0/1 479 $649,000 $1,355 10/11/2016 New 302 1/1 525 $680,500 $1,296 9/14/2016 New 203 0/1 445 $549,000 $1,234 9/7/2016 New 504 0/1 479 $643,000 $1,342 9/7/2016 New 701 2/2 1,008 $1,310,000 $1,300 9/7/2016 New 202 1/1 525 $682,500 $1,300 9/2/2016 New Averages: 635 $820,300 $1,292

8 Buchanan Street 115 August 2013 January 2014 s Brian Spiers; Chris Foley $450 - $650/month 2014 $1,117 (2 units) Linea Designed by world-renowned Bernardo Fort-Brescia of Arquitectonica, Linea offers 115 stylish residences at Market and Buchanan Streets. The homes feature professional-grade kitchens with high-end appliances, polished quartz countertops and stone backsplashes. Amenities include an attended lobby, interior courtyard and outdoor terrace. Unit SF 410 1/1 641 $751,000 $1,172 10/6/2017 Resale 309 1/1 725 $775,000 $1,069 6/15/2017 Resale 306 1/1 640 $750,000 $1,172 5/18/2017 Resale 311 1/1 698 $800,000 $1,146 5/17/2017 Resale 212 2/1 876 $875,000 $999 4/10/2017 Resale 202 1/1 778 $830,000 $1,067 3/24/2017 Resale 607 2/2 958 $1,280,000 $1,336 12/9/2016 Resale 207 1/1 657 $710,000 $1,081 12/5/2016 Resale 612 2/1 1,107 $1,295,000 $1,170 10/12/2016 Resale 613 2/2 963 $1,190,000 $1,236 10/6/2016 Resale Averages: 804 $925,600 $1,151

55 Page Street 128 (111 Market Rate) October 2006 March 2008 Intracorp San Francisco $300 - $500/month 2009 $1,241 (2 units) The Hayes Located in San Francisco s eclectic Hayes Valley neighborhood, The Hayes is an intimate building with an attended lobby, private garaged parking, high-speed elevators and roof deck. The homes feature designer finishes, including Studio Becker cabinetry and Hansgrohe and Durafit fixtures, private balconies and terraces and large bay windows. Unit SF 622 2/2 990 $1,285,000 $1,298 11/3/2017 Resale 510 1/1 738 $860,000 $1,165 6/30/2017 Resale 523 2/2 947 $1,265,000 $1,336 4/21/2017 Resale 426 2/2 993 $1,203,465 $1,212 12/29/2016 Resale 514 0/1 476 $630,000 $1,324 12/6/2016 Resale 614 1/1 865 $1,105,000 $1,277 11/17/2016 Resale 312 2/2 1,008 $1,350,000 $1,339 10/12/2016 Resale 317 2/2 990 $1,210,000 $1,222 10/11/2016 Resale 513 2/2 1,037 $1,200,000 $1,157 8/16/2016 Resale 812 2/2 1,008 $1,470,000 $1,458 4/27/2016 Resale Averages: 905 $1,157,847 $1,279

1450 Franklin Street 67 (58 Market Rate) September 2016 May 2016 Village Properties $698 - $1,212/month 2017 $1,315 (21 units) 1450 Franklin The residences at 1450 Franklin feature floor-to-ceiling windows, quartz countertops and backsplashes, European gloss cabinetry and Bosch stainless steel appliances. Amenities include a rooftop deck with open-air entertaining kitchen and a firepit, attended lobby and reception lounge, porte cochère arrival, secured parking, bicycle parking, storage and ground floor retail space. Homes are available in one-, two- and three-bedroom floor plans that range in size from approximately 691 to 2,076 square feet. Unit SF PH2 3/3 2,076 $3,500,000 $1,686 10/12/2017 New 1005 2/2 1,326 $1,700,000 $1,282 10/11/2017 New 1105 2/2 1,326 $1,635,000 $1,233 9/28/2017 New 1205 2/2 1,326 $1,650,000 $1,244 9/26/2017 New 704 0/1 699 $990,000 $1,416 9/15/2017 New 905 2/2 1,326 $1,555,000 $1,173 9/5/2017 New 703 1/1 699 $935,000 $1,338 9/1/2017 New 1006 2/2 1,273 $1,600,000 $1,257 8/31/2017 New PH1 3/3 1,898 $3,350,000 $1,765 8/18/2017 New 906 2/2 1,273 $1,617,500 $1,271 8/15/2017 New Averages: 1,322 $1,853,250 $1,402

1645 Pacific Avenue 39 June 2014 July 2014 s Nick Podell Company; Grosvenor Americas $475 - $625/month 2014 n/a 1645 Pacific 1645 Pacific offers 39 boutique residences at the convergence of Nob Hill, Russian Hill and Pacific Heights. The homes average approximately 1,250 square feet in size and feature City and Bay views from select residences. There are three ground-floor retail spaces. Unit SF 4G 2/2 1,877 $2,750,000 $1,465 5/25/2017 Resale 1B 2/2 1,228 $1,950,000 $1,588 8/21/2015 Resale 6B 2/2 1,257 $1,590,000 $1,265 6/26/2015 New 2G 2/2.5 1,510 $1,750,000 $1,159 10/8/2014 New 3D 2/2 1,402 $1,550,000 $1,106 9/5/2014 New 2D 2/2 1,399 $1,500,000 $1,072 8/26/2014 New 6D 2/2 1,393 $1,740,000 $1,249 8/22/2014 New 3F 2/2.5 1,509 $1,750,000 $1,160 8/15/2014 New 5A 2/2 1,003 $1,228,000 $1,224 8/15/2014 New 3G 2/3 1,845 $1,950,000 $1,057 8/13/2014 New Averages: 1,442 $1,775,800 $1,231

1501 Filbert Street 27 September 2014 November 2014 Trumark Urban ~$561 to $765/month 2015 n/a Amero Amero offers modern new homes in San Francisco s highlydesirable Cow Hollow neighborhood. Situated near fine restaurants, high-end shopping and public transportation, these efficiently-designed flats and townhomes deliver the perfect blend of sleek and function. Residents enjoy access to breathtaking ocean and City views from the rooftop terrace. Unit SF TH1A 3/3.5 2,345 $2,495,000 $1,064 4/8/2015 New PH7G 2/2 1,613 $3,475,000 $2,154 2/27/2015 New TH5F 2/2.5 1,789 $2,485,000 $1,389 2/27/2015 New PH7C 2/2 1,040 $1,648,000 $1,585 2/23/2015 New 7B 2/2 1,090 $1,295,000 $1,188 2/3/2015 New PH7A 2/2 1,132 $1,575,000 $1,391 2/2/2015 New 5C 2/2 1,130 $1,600,000 $1,416 1/30/2015 New 5G 2/2 1,770 $2,500,000 $1,412 1/27/2015 New 6C 2/2.5 1,130 $1,799,000 $1,592 1/2/2015 New 5E 2/2.5 1,840 $2,450,000 $1,332 12/30/2014 New Averages: 1,488 $2,132,200 $1,433

1080 Sutter Street 35 June 2013 January 2014 JS Sullivan Development $500 - $750/month 2014 $1,101 (1 unit) Blanc Blanc offers 35 luxury condominium homes in Nob Hill. The two- and three-bedroom residences feature hardwood floors, Silestone quartz countertops, Bosch stainless steel appliances, Sozo custom cabinetry and walk-in closets. Residents enjoy a rooftop terrace with grilling and entertainment spaces, as well as gated parking and bicycle storage. Unit SF 403 2/1 750 $826,000 $1,101 8/23/2017 Resale 1002 2/2 1,282 $1,275,000 $995 2/10/2017 Resale 503 2/1 750 $799,000 $1,065 1/5/2017 Resale 804 3/2 1,226 $1,325,000 $1,081 6/15/2016 Resale 202 2/2 1,280 $1,300,000 $1,016 5/2/2016 Resale 1001 3/2 1,273 $1,450,000 $1,139 12/21/2015 Resale 1003 2/1 753 $770,000 $1,023 11/25/2015 Resale 704 3/2 1,226 $1,285,000 $1,048 10/2/2015 Resale 1101 3/3 2,064 $1,800,000 $872 3/14/2014 New 504 3/2 1,255 $1,075,000 $857 2/27/2014 New Averages: 1,186 $1,190,500 $1,004

1650 Broadway Street 34 October 2015 June 2016 Belrich Partners, LLC $815 - $1,100/month 2017 Past Six Months /SF $1,415 (1 unit) LuXe Located in Pacific Heights between Van Ness Avenue and Franklin Street, LuXe features 34 residences designed by award-winning architecture firm, Forum Design. The homes offer a classic modern design, open floor plans, spacious balconies, large floor-to-ceiling windows, city and bay views, an array of amenities and custom finishes. Two bedrooms are sold out. Unit SF 403 2/2 1,113 $1,575,000 $1,415 8/30/2017 Resale 601 3/2.5 1,841 $3,700,000 $2,010 3/9/2017 New 202 3/2.5 1,582 $1,888,800 $1,194 2/24/2017 New 506 1/2 899 $1,170,100 $1,302 2/10/2017 New 102 3/2.5 1,562 $3,725,000 $2,385 2/9/2017 New 602 3/3 1,943 $3,725,000 $1,917 2/9/2017 New 501 3/2.5 1,394 $2,650,000 $1,901 12/12/2016 New 406 1/2 887 $1,160,000 $1,308 12/9/2016 New 101 3/2.5 1,553 $2,088,000 $1,344 10/28/2016 New 302 3/2.5 1,588 $2,450,000 $1,543 10/20/2016 New Averages: 1,436 $2,413,190 $1,680

1800 Van Ness Avenue, 1754 Clay Street 98 March 2013 March 2014 Oyster Development $552 - $656/month 2014 $1,330 (7 units) Marlow Marlow is situated where the Pacific Heights, Nob Hill and Russian Hill neighborhoods come together. The one-, twoand three-bedroom homes are available in flat and townhome configurations. Homes features natural walnut finished cabinetry, quartz countertops, porcelain backsplashes and tiling, air conditioning and balconies. Residents have access to secured parking, an attended lobby and landscaped courtyard. Unit SF 404 2/2 915 $1,299,000 $1,420 11/27/2017 Resale 710 2/2 956 $1,350,000 $1,412 10/25/2017 Resale 708 2/2 1,238 $1,559,000 $1,259 10/12/2017 Resale 604 2/2 915 $1,250,000 $1,366 9/25/2017 Resale 801 1/1 749 $985,000 $1,315 8/2/2017 Resale 804 2/2 1,293 $1,680,000 $1,299 7/14/2017 Resale 505 1/1 714 $895,000 $1,254 6/5/2017 Resale 508 2/2 1,231 $1,559,000 $1,266 5/15/2017 Resale 803 2/2 1,235 $1,716,000 $1,389 9/2/2016 Resale TH3 3/2 1,710 $2,150,000 $1,257 8/19/2016 Resale Averages: 1,096 $1,444,300 $1,318

1100 Sacramento Street 33 October 2013 December 2013 Russell Flynn $860 - $4,400/month 2017 n/a Park Lane Located in Nob Hill, Park Lane offers 33 ultra-luxury residences in two-, three and four-bedroom floor plan configurations. Finishes include rich 6 plank wood flooring, stainless steel Thermador appliances, marble backsplashes and quartz countertops. Park Lane is a converted TIC building. Unit SF 802 3/3 2,497 $5,550,000 $2,223 3/17/2017 Resale 104 2/2 1,899 $1,775,000 $935 1/3/2017 New 204 3/3 2,224 $2,500,000 $1,124 8/19/2016 New 404 2/2.5 1,900 $2,585,000 $1,361 6/30/2016 New 1004 2/2 1,729 $2,350,000 $1,359 5/31/2016 New 602 3/3.5 2,429 $4,950,000 $2,038 4/15/2016 Resale 702 3/3.5 2,397 $5,150,000 $2,149 3/14/2016 New 908 3/3 2,559 $5,750,000 $2,247 11/17/2015 New 704 2/2.5 2,000 $2,825,000 $1,413 6/12/2015 New 708 3/3 2,721 $5,500,000 $2,021 6/4/2015 New Averages: 2,236 $3,893,500 $1,742

1515 15th Street 45 June 2014 July 2014 JS Sullivan Development $380 - $500/month 2014 n/a Fifteen Fifteen Fifteen Fifteen offers clean lines and modern design in the heart of the walkable Mission District. Designed by Stanley Saitowitz, the five-story building includes a rooftop terrace and optional parking and storage for residents. The homes are available in studio, one- and two-bedroom floor plans. Interiors feature natural hardwood flooring, generous 9 ceilings, Bertazzoni and Bosch appliances and central air conditioning. Unit SF 407 2/2 968 $1,015,000 $1,049 12/5/2016 Resale 503 1/1 650 $770,000 $1,185 10/10/2014 New 403 1/1 650 $758,000 $1,166 10/2/2014 New 504 2/2 983 $983,000 $1,000 9/30/2014 New 507 2/2 968 $959,000 $991 9/18/2014 New 409 2/2 985 $925,000 $939 9/16/2016 New 207 2/2 968 $899,000 $929 8/11/2014 New 201 0/1 383 $408,431 $1,066 8/5/2014 New 301 0/1 383 $450,000 $1,175 8/4/2014 New 208 1/1 650 $690,500 $1,062 7/22/2014 New Averages: 759 $785,793 $1,036

1875 Mission Street 39 October 2014 January 2015 Corvorn LLC $360 - $450/month 2015 $1,036 (2 units) Mission@1875 Mission@1875 features studio, one- and two-bedroom residences in the vibrant Mission District and Valencia corridor. Residents will enjoy a dog run, outdoor pool, rooftop deck and relaxing lounge area. The residences include light hardwood flooring, flat panel cabinetry, marble countertops, Bertazzoni gas ranges with convection ovens, Bertazzoni microwaves and Fortis bathroom finishes. Unit SF 211 1/1 799 $832,020 $1,041 9/8/2017 Resale 402 2/1 776 $800,000 $1,031 7/27/2017 Resale 109 2/2 1,272 $1,200,000 $943 8/28/2015 New 410 2/1 779 $945,000 $1,213 8/3/2015 New 404 2/1 780 $935,000 $1,199 7/28/2015 New 311 1/1 777 $729,000 $938 6/23/2015 New 310 1/1 779 $739,000 $949 6/5/2015 New 411 2/1 778 $950,000 $1,221 6/5/2015 New 308 0/1 623 $675,000 $1,083 5/14/2015 New 208 0/1 626 $625,000 $998 5/11/2015 New Averages: 799 $843,002 $1,055

35 Dolores Street 37 (33 Market Rate) September 2014 January 2015 Lightner Property Group $300 - $415/month 2015 n/a Thirty Five Dolores Thirty Five Dolores is exceptionally located in San Francisco s colorful Mission Dolores neighborhood. Featuring brand new one-, two and three-bedroom homes, the development offers Class I bicycle racks, underground parking and over 3,300 square feet of usable common area space. Residents enjoy easy access to local amenities that include well-known restaurants and cafes, Whole Foods, Muni and Bart, Dolores Park and the Mission Dolores, Lower Haight, Castro and Duboce Triangle neighborhoods. Unit SF 107 2/2 1,163 $1,540,000 $1,324 2/3/2017 Resale 101 2/2 1,175 $1,495,000 $1,272 1/19/2016 Resale 301 2/2 1,237 $1,425,000 $1,152 4/6/2015 New 402 2/2 1,133 $1,550,000 $1,368 4/6/2015 New 209 2/2 1,270 $1,275,000 $1,004 3/6/2015 New 305 1/1 670 $745,000 $1,112 3/3/2015 New 104 1/1 750 $895,000 $1,193 3/2/2015 New 105 1/1 670 $795,000 $1,187 2/26/2015 New 308 3/2 1,280 $1,610,000 $1,258 2/25/2015 New 302 2/2 1,133 $1,365,000 $1,205 2/20/2015 New Averages: 1,048 $1,269,500 $1,211

2558 Mission Street 114 March 2014 January 2015 Oyster Development $430 - $620/month 2015 n/a Vida Located in the energetic Mission District, Vida offers 114 condominium homes inspired by modern Latin culture. The homes are available in one- and two-bedroom configurations. Finishes include exposed concrete ceilings, expansive views, Bosch and Bertazzoni appliances and high-end cabinetry and countertops. Residents have access to a landscaped rooftop deck on the seventh floor and various lounge areas. As the tallest building on the block, Vida offers spectacular views of Bernal Heights, Downtown and Twin Peaks. Unit SF s 210 2/2 930 $1,140,000 $1,226 5/30/2017 Resale 207 2/2 915 $1,105,000 $1,208 5/8/2017 Resale 410 2/2 925 $1,060,000 $1,146 4/7/2017 Resale 505 2/2 1,102 $1,275,000 $1,157 1/19/2017 Resale 517 1/1 656 $825,000 $1,258 11/22/2016 Resale 507 2/2 916 $1,130,000 $1,234 11/3/2016 Resale 516 1/1 517 $686,000 $1,327 10/17/2016 Resale 201 2/2 1,145 $1,199,000 $1,047 8/10/2015 New 505 2/2 1,107 $1,299,000 $1,173 7/7/2015 New 703 2/2 1,521 $1,769,000 $1,163 6/26/2015 New Averages: 973 $1,148,800 $1,180