3Q17. Boston New Construction & Proposed Multifamily Projects. 145 Thorndike Street. 113 Boston Post Road

Boston New Construction & Proposed Multifamily Projects ID 1 2 4 6 11 12 17 18 19 20 21 22 25 26 27 31 35 41 43 46 47 52 57 101 104 105 106 107 108 109 110 111 113 114 116 119 121 123 1 152 1 161 1 1 1 166 167 169 1 1 1 1 1 205 206 213 214 215 216 217 218 PROPERTY Elevation Balsam Place Cirrus Village at Clark Brook, The Westerly, The Paddock Estates at Boxborough Island Creek Village Phase III Veridian, The Residences at Colcord Pond, The Counting House Lofts 71 Residences at Joan's Farm, The Edge Merrimack River Webster Village Wallace Farm Modera Hopkinton Total Lease-Up Nova Residences of Quincy Washington Mills Phase II Avalon at the Hingham Shipyard Phase II River s Edge Phase III Residences at Riverfront Landing Tremont at Third Avenue, The Phase II Residences at Great Pond, The Landing Mastlight, The Riverwalk Lofts Phase II, The Frank Jones Brew Yard Franklin Street Total Under Construction Winthrop Square Chestnut Place East of Chestnut Newport Avenue 44 Boston Street Grove Street Dodge Complex 98 Essex Street Heights at Haverhill, The Hill's Farm Grist Mill 42 Wellman Street Merrimack Street Maynard Crossing Crossing Blvd Southwood Community Hospital Redevelopment 93 Centre Street Calamar Senior Housing Village at Thornwood Edgebrook Heights Merrimack Park Place at Merrimack Wallace Farm Phase II Wallace Farm Phase III Woodmont Commons Phase I Avalon at Hilltop Reading Village Commerce Way Watson on Howard, The Rantoul Street 4 Rantoul Street Residences at Moose Hill Revere Copper One Boston Way Tenney Place Phase II Van Brodie Mill Alpine Village Broadstone Broadway Village Stony Brook Weston Modera Framingham Rosegate of Wrentham Obery Seaport at Cordage Park, The Total Planned Lynn Waterfront Complex Hill Street Redevelopment 10 Congress Street 211 Rantoul Street Medfield Green Union Street Essex Street Mill Stevens Street Mill Route 125 UNITS 492 192 398 2 1 2 2,9 198 1 228 1 2 1,8 141 1 323 3 1 286 2 292 157 1 278 2 7,069 3 221 222 223 224 226 227 228 229 230 231 232 233 243 245 246 2 2 2 254 2 2 257 145 Thorndike Street Mercier Pleasant Street 113 Boston Post Road Weston Quarry 5 Worcester Concord Street & Kendall Street Fabric Place Redevelopment Mount Wayte Plaza Sprague Street Tri City Road & High Street Apple Ridge Pleasant Street Bridge Street Waterfront Phase II - IV Lexington Manor Wayfarer Property Orient Heights Redevelopment Phases II - IV Commons at Weiss Farm, The Ledges at Woburn 341 2nd Avenue Devine School Redevelopment 230 Beal Street Bartlett Fields Lodge at Andover 39 Grant Street Modera Marshfield Simon Hill Cranberry Village Total Prospective 1 345 1 521 2 522 2 264 1 92 2 126 6,7 3Q17 231 6 230 18 43 19 123 26 57 119 46 218 233 217 166 232 109 108 167 107 2 35 221 222 22 21 20 2 110 111 169 152 245 1 1 206 47 247 1 12 113 246 214 213 1 1 104 105 106 205 243 223 224 114 4 228 254 227 216 1 226 27 1 215 11 249 1 101 161 2 1 41 52 2 229 25 257 2 116 1 17 1 LEGEND Lease-Up Under Construction Planned Prospective 10 mi a Berkshire Hathaway and Leucadia National company

Boston New Construction & Proposed Multifamily Projects ID 3 5 7 8 9 10 13 14 15 16 23 24 28 29 30 32 33 34 36 37 38 39 40 42 44 45 48 49 54 59 61 64 66 67 69 71 77 78 81 82 83 86 87 88 89 92 93 98 125 126 128 130 131 PROPERTY UNITS Beach House Montaje 447 Royal Belmont, The 298 Harlo, The 212 Modera Medford 2 Boston East Portside at East Pier Phase II 2 Avalon North Station 3 VIA 478 Meriel Marina Bay 352 Hanover Alewife 213 Nova Brighton Total Lease-Up 3,617 Seaport Square Block M1M2 3 Albany Tower 211 2nd Avenue Residences 3 Bradford, The Residences at 3 Congress Street 414 Coppersmith Village Clippership Wharf 398 Essex Landing 2 Residences at Boston Landing, The 2 Bulfinch Crossing 0 88 Cambridge Park Drive 254 Modera South Bay 4 Pierce Boston 345 Harrison 5 Melnea Residences 88 Ames 2 Port 45 105 Park77 93 Total Under Construction 14,4 Canvas, The Lagrange Street Tower, The 1 Shawmut Avenue Archer / Donahue / Gleason Build ings Redevelopment Hood Park 177 Hub on Causeway 440 Sullivan Square 212 Stuart Street 181 West 1st Street 87 West Broadway Seaport Square Block L5 Seaport Square Block L6 2 45 Worthington 3 Longwood II 45 Townsend Street 322 13 Shetland Street 57 Dot Block 3 Dr. Michael E. Haynes Arms Phase II 3521-3529 Washington Street Beacon Street Hotel Development Everett Harley Davidson Redevel2 opment Ocean Avenue Suffolk Downs Waterfront Square Phase IV-V 161 First Street One Broadway 2 3 Concord at Fresh Pond Phase II Residences at Alewife Station, The 101 Washington Street 37 North Beacon Street 87 44 - Brighton Avenue Five Washington Street Icon, The Parsons Crossing St. Gabriel's Monastery Redevelop6 ment Jefferson at Malden Center 325 General Electric Site Redevelop12 ment Ironwood Edison on the Charles 264 Watermills at Bridgepoint Golda Meir House Renovation 1 Triple 9 Hillside Garden Garage 4 Ropewalk 5 Albany Street 6 Cosmopolitan, The 2 Dorchester Avenue Parcel K 304 Washington Village 134 137 138 139 141 142 143 145 146 147 148 1 1 157 1 1 Waterside Place Phase II 307 Fenway Center 313 Goddard House Bartlett Place 1 Tremont Crossing 7 Whittier Street Redevelopment 5 Dr. Michael E. Haynes Arms University Place 1 13 Dorchester Avenue 64 Mattapan Station 3 Washington Parcel U Residences at Forest Hills Bremen Street Mass + Main 283 Residences at 249 Third Street 89 Brighton Brighton Marine 101 61 Locust Street 4 Elan Union Market 282 Washington Place 161 Wells Avenue 334 Newtonville Square Station at Riverside 2 1 VFW Pkwy Cote Village Total Planned 16,1 177 1 Washington 178 North Point 20 1 Back Bay South End Gateway 0 1 Parcel 15 182 181 7 Channel Boston Edison Power Plant Redevelop182 ment 18 183 Epoch 1 6 1 Mary Ellen McCormack 1016 1 Seaport Square Block G 340 186 Seaport Square Block L3 187 Seaport Square Block L4 188 White Building, The 189 2 Charlesgate West Tower 1 1 Parcel 12 111 1 Viola Back Bay 192 3371 Washington Street 193 DeNormandie Wharf 1 Fairfield Chelsea Phase I and II 6 1 Portside 1-4 1 1 Middle East 1 Vivo Apartment Homes Phase II 198 Cobble Hill Phase II 1 Residences at Assembly, The South Street 400 201 139 - Washington Street 2 202 Allston Yards 3 203 Braintree Street & Rugg Road 2 Altitude Phase II 207 3 Pleasant Street 208 Arsenal Mill 3 209 Center 128 East 400 210 189 Hancock Street 610 211 Newbury Street 212 Quarry Hills 269 236 One Bromfield Street 237 One Charlestown 3 238 Rio Grande Tower 1 239 12 Beacon Street Babcock Place 241 Coolidge Residences at Brookline, The 242 Cypress at Brookline Hills 247 Winchester North Modera Needham 249 Hancock Village Project 3 Total Prospective 18,209 3Q17 247 37 3 82 1 9 86 7 23 198 10 34 13 145 178 1 83 125 146 1 49 147 14 237 126 1 36 193 208 236 64 15 130 148 89 187 66 59 33 28 69 1 1 8 92 93 61 88 189 1 1 181 186 87 201 78 67 177 1 45 44 24 239 241 182 137 128 188 29 48 71 183 131 242 238 134 42 1 138 139 142 202 38 203 157 1 81 243 1 54 32 207 98 1 5 40 77 30 39 192 16 209 249 143 1 211 210 1 141 LEGEND Lease-Up 212 10 mi Under Construction Planned Prospective a Berkshire Hathaway and Leucadia National company

1 Elevation 7 Crown Colony Drive Quincy MA 02169 John Flatley Company Lease-Up 492 Quincy 04/30/2016 09/30/2018 08/03/2017 2 Balsam Place Balsam Place Tewksbury MA 018 Marc P. Ginsburg & Sons Lease-Up 192 Tewksbury 10/01/2016 04/30/2018 05/22/2017 3 Beach House 540 Revere Beach Blvd Revere MA 021 Baystone Development Lease-Up East Boston - Chelsea 06/01/2016 03/31/2018 07/31/2017 4 Cirrus 10 Cirrus Drive Ashland MA 011 Campanelli Lease-Up 398 Framingham 08/31/2016 03/31/2018 07/15/2017 5 Montaje 520 Assembly Row Somerville MA 02145 Federal Realty Investment Trust Lease-Up 447 Somerville 09/01/2015 03/31/2018 06/07/2017 6 Village at Clark Brook, The 3 Old Dover Road Rochester NH 03867 Anagnost Companies Lease-Up Rochester 01/01/2017 01/31/2018 07/01/2017 7 Royal Belmont, The 3 Acorn Park Drive Belmont MA 02478 O'Neill Properties Group Lease-Up 298 Lakeview 03/15/2015 01/31/2018 02/19/2016 8 Harlo, The 13 Boylston Street Boston MA 02215 Skanska USA Lease-Up 212 Fenway Kenmore 08/01/2015 12/31/2017 09/18/2017 9 Modera Medford 5 Cabot Road Medford MA 02 Mill Creek Residential Trust Lease-Up 2 Malden 03/01/2015 12/31/2017 08/07/2017 10 Boston East 126 Border Street Boston MA 02128 Trinity Financial Lease-Up East Boston - Chelsea 06/01/2016 12/31/2017 08/03/2017 11 Westerly, The Woodview Way Franklin MA 02038 Wood Partners Lease-Up 2 Foxborough 07/01/2016 12/31/2017 06/15/2017 12 Paddock Estates at Boxborough 1 Paddock Lane Boxborough MA 09 TDI Real Estate Lease-Up West Concord 04/01/2016 12/31/2017 05/22/2017 13 Portside at East Pier Phase II Lewis Street East Boston MA 02128 Roseland Residential Trust Lease-Up 2 East Boston - Chelsea 01/18/2016 12/31/2017 02/17/2017 14 Avalon North Station 1 Nashua Street Boston MA 02114 AvalonBay Communities Lease-Up 3 North End - Charleston 10/28/2014 12/31/2017 08/01/2016 15 VIA 5 Fan Pier Blvd Boston MA 02210 Berkshire Property Advisors Lease-Up 478 South Boston 08/01/2015 11/30/2017 06/26/2017 16 Meriel Marina Bay 2 Victory Road Quincy MA 02 MetLife Real Estate Investment Lease-Up 352 Quincy 08/05/2015 11/30/2017 04/24/2017 17 Island Creek Village Phase III 30 Tremont Street Duxbury MA 02332 Keith Properties Lease-Up Marshfield - Pembroke 01/31/2017 10/31/2017 08/23/2017 18 Veridian, The 2454 Lafayette Road Portsmouth NH 031 Mount Vernon Company, The Lease-Up Portsmouth 11/21/2016 10/31/2017 08/15/2017 19 Residences at Colcord Pond, The Epping Road Exeter NH 03833 Tuck Realty Lease-Up Hampton 02/28/2017 10/31/2017 06/01/2017 20 Counting House Lofts 71 71 Jackson Street Lowell MA 012 Winn Residential Lease-Up Lowell 06/18/2016 10/31/2017 05/24/2017 21 Residences at Joan's Farm, The Donny Martel Way Tewksbury MA 018 A & M Land Lease-Up Tewksbury 12/31/2016 10/31/2017 03/23/2017 22 Edge Merrimack River 1 Merrimack Plaza Lowell MA 012 Vision Properties Lease-Up 1 Lowell 12/01/2016 10/31/2017 02/23/2017 23 Hanover Alewife 130 Cambridge Park Drive Cambridge MA 02 Hanover Company, The Lease-Up 213 Cambridge - North 10/01/2015 10/31/2017 09/19/2016 24 Nova Brighton 15 Commonwealth Avenue Brighton MA 02 Shapiro, Andrian Lease-Up Brighton 06/01/2016 09/30/2017 04/15/2017 25 Webster Village 2 Webster Street Hanover MA 02339 Orchard Knoll Lease-Up Marshfield - Pembroke 06/15/2015 09/30/2017 02/15/2017 26 Wallace Farm 4 Bridle Path Londonderry NH 030 Wingate Companies Lease-Up Merrimack 03/03/2016 09/30/2017 11/09/2016 27 Modera Hopkinton 1 Lumber Street Hopkinton MA 018 Mill Creek Residential Trust Lease-Up 2 Framingham 08/01/2015 09/30/2017 09/19/2016 TOTAL LEASE-UP 6,5 28 Seaport Square Block M1M2 NEC Seaport Blvd & East Service Road Boston MA 02210 Cottonwood Management Under Construction 3 South Boston 06/14/2017 02/29/2020 29 Albany Tower NEC Albany Street & Northampton Street Boston MA 02 Trinity Financial Under Construction 211 South End 11/30/2016 01/31/2020 30 2nd Avenue Residences 2nd Avenue & A Street Needham Heights MA 024 Toll Brothers Apartment Living Under Construction 3 Newton 06/21/2017 07/31/2019 31 Nova Residences of Quincy 10 Hancock Street Quincy MA 02169 LBC Partners of Boston Under Construction Quincy 06/01/2017 01/31/2019 32 Bradford, The 10 Common Street Belmont MA 02478 Toll Brothers Apartment Living Under Construction Lakeview 09/13/2017 01/31/2019 33 Residences at 3 Congress Street 3 Congress Street Boston MA 02210 Crescent Heights Under Construction 414 South Boston 07/15/2017 12/31/2018 34 Coppersmith Village Border Street Boston MA 02128 Neighborhood of Affordable Housing Under Construction East Boston - Chelsea 08/28/2017 12/31/2018 35 Washington Mills Phase II Canal Street Lawrence MA 010 SMC Management Under Construction 198 Lawrence 02/01/2017 12/31/2018 36 Clippership Wharf 25 Lewis Street Boston MA 02113 Lend Lease Real Estate Under Construction 398 North End - Charleston 07/03/2017 11/30/2018 37 Essex Landing 1 Broadway Saugus MA 016 Touchette, Michael Under Construction 2 Reading 10/03/2016 10/31/2018 38 Residences at Boston Landing, The 125 Guest Street Brighton MA 02 NB Development Group Under Construction 2 Brighton 02/01/2017 09/30/2018 39 Bulfinch Crossing 1 Congress Street Boston MA 02114 HYM Investment Group, The Under Construction 0 North End - Charleston 08/01/2016 09/30/2018 40 88 Cambridge Park Drive 88 Cambridge Park Drive Cambridge MA 02 Hanover Company, The Under Construction 254 Cambridge - North 03/22/2017 09/30/2018 41 Avalon at the Hingham Shipyard Phase II 319 Lincoln Street Hingham MA 03 AvalonBay Communities Under Construction 1 Cohasset 02/01/2017 09/30/2018 42 Modera South Bay 101 Allstate Road Dorchester MA 02125 EDENS Under Construction 4 Mid Dorchester 07/17/2017 08/31/2018 43 River s Edge Phase III 86 West Hancock Street Manchester NH 03 Anagnost Companies Under Construction Manchester 07/24/2017 07/31/2018 44 Pierce Boston 188 Brookline Avenue Boston MA 02215 Samuels & Associates Under Construction Fenway Kenmore 10/01/2015 06/30/2018 45 345 Harrison 345 Harrison Avenue Boston MA 02 Nordblom Company Under Construction 5 Boston - Downtown 12/15/2016 05/31/2018 46 Residences at Riverfront Landing Bridge Street Nashua NH 030 SMC Management Under Construction 228 Nashua 01/01/2017 04/30/2018 47 Tremont at Third Avenue, The Phase II 32 2nd Avenue Burlington MA 013 Nordblom Company Under Construction Woburn 09/01/2016 04/30/2018 48 Melnea Residences 8 Melnea Cass Blvd Roxbury MA 02119 Urbanica Under Construction Mid Dorchester 02/01/2017 02/28/2018 49 88 Ames 88 Ames Street Cambridge MA 02142 Boston Properties Under Construction 2 North End - Charlestown 04/16/2016 01/31/2018 Port 45 45 West 3rd Street South Boston MA 02 Spaulding & Slye Investments Under Construction 105 South Boston 01/31/2017 12/31/2017 Residences at Great Pond, The 15 Pacella Park Drive Randolph MA 023 Dolben Company Under Construction Sloughton 06/01/2016 12/31/2017 52 Landing 37 Commercial Street Braintree MA 021 Forest Properties Under Construction 1 Waymouth 06/01/2016 12/31/2017 Mastlight, The 10 Patriot Pkwy Weymouth MA 021 John M. Corcoran and Company Under Construction 2 Waymouth 08/01/2016 12/31/2017 54 Park77 77 New Street Cambridge MA 02138 AbodeZ Under Construction 93 Cambridge - North 04/01/2016 10/31/2017 Riverwalk Lofts Phase II, The 210 Merrimack Street Lawrence MA 013 Lupoli Companies Under Construction Lawrence 08/01/2016 10/31/2017 Frank Jones Brew Yard 110 Brewery Lane Portsmouth NH 031 Chinburg Properties Under Construction Portsmouth 06/01/2016 10/31/2017 57 Franklin Street 34 Franklin Street Nashua NH 03064 Brady Sullivan Properties Under Construction Nashua 07/15/2016 10/31/2017 TOTAL UNDER CONSTRUCTION 7,9 Winthrop Square Federal Street Boston MA 02110 Millennium Partners Planned Boston - Downtown 59 Canvas, The 3 Washington Street Boston MA 02111 Rafi Properties Planned Boston - Downtown Lagrange Street Tower, The 47 Lagrange Street Boston MA 02116 Matteson Companies Planned 1 Boston - Downtown 61 Shawmut Avenue Shawmut Avenue Boston MA 02 Davis Companies, The Planned Boston - Downtown Archer / Donahue / Gleason Buildings Redevelopment 33 Temple Street Boston MA 02114 David Raftery Planned North End - Charleston Hood Park 4 Rutherford Avenue Charlestown MA 02 Catamount Management Planned 177 North End - Charleston 64 Hub on Causeway Causeway Street Boston MA 02114 Boston Properties Planned 440 North End - Charleston Sullivan Square 32 Cambridge Street Charlestown MA 02 Greenbaum, Alan Planned North End - Charleston 66 212 Stuart Street 212 Stuart Street Boston MA 02116 Transom Real Estate Planned South End 67 181 West 1st Street 181 West 1st Street Boston MA 02 Zagorianakos, Peter Planned South Boston 87 West Broadway 87 West Broadway Boston MA 02 Moore, Michael Planned South Boston 69 Seaport Square Block L5 NEC Congress Street & Boston Wharf Road Boston MA 02210 WS Development Planned South Boston Seaport Square Block L6 NWC Congress Street & East Service Road Boston MA 02210 WS Development Planned 2 South Boston 71 45 Worthington 45 Worthington Street Boston MA 02 Equity Residential Planned 3 Fenway Kenmore Longwood II Saint Alphonsus Street Boston MA 02 Wingate Companies Planned Fenway Kenmore 45 Townsend Street 45 Townsend Street Roxbury MA 02119 Kensington Investment Company Planned 322 Roxbury 13 Shetland Street 13 Shetland Street Roxbury MA 02119 Holland Companies Planned 57 Mid Dorchester Dot Block 7 Dorchester Avenue Dorchester MA 02125 Atlas Investment Group Planned 3 Mid Dorchester Dr. Michael E. Haynes Arms Phase II 2 Warren Street Roxbury MA 02119 Cruz Companies Planned Mid Dorchester 77 3521-3529 Washington Street 3521 Washington Street Boston MA 02130 New Boston Ventures Planned Roslindale 78 Beacon Street Hotel Development 1 Beacon Street Brookline MA 06 Westbrook Partners Planned Brookline Everett Harley Davidson Redevelopment 10 Revere Beach Pkwy Everett MA 02 Post Road Residential Planned 2 East Boston - Chelsea Ocean Avenue Ocean Avenue Revere MA 021 Antonelli, Gregory Planned East Boston - Chelsea 81 Suffolk Downs 525 William F McClellan Hwy Boston MA 02128 HYM Investment Group, The Planned East Boston - Chelsea 82 Waterfront Square Phase IV-V 0 Ocean Avenue Revere MA 021 Eurovest Development Planned East Boston - Chelsea 83 161 First Street 161 1st Street Cambridge MA 02142 Alexandria Real Estate Equities Planned North End - Charlestown One Broadway 1 Broadway Cambridge MA 02142 MIT Investment Management Company Planned 2 North End - Charlestown 3 Concord at Fresh Pond Phase II 3 Concord Avenue Cambridge MA 02138 AbodeZ Planned Cambridge - North

86 Residences at Alewife Station, The 1 Concord Turnpike Cambridge MA 02 Criterion Development Planned Cambridge - North 87 101 Washington Street 101 Washington Street Brookline MA 05 Brookline Development Planned Brighton 88 37 North Beacon Street 37 North Beacon Street Allston MA 02134 Mount Vernon Company, The Planned 87 Brighton 89 44 - Brighton Avenue Brighton Avenue Allston MA 02134 Hamilton Company, The Planned Brighton Five Washington Street 5 Washington Street Boston MA 06 Ognibene, Paul M. Planned Brighton Icon, The 0 Western Avenue Boston MA 02 Mount Vernon Company, The Planned Brighton 92 Parsons Crossing 425 Washington Street Brighton MA 02 Kandu Corporation Planned Brighton 93 St. Gabriel's Monastery Redevelopment Washington Street Brighton MA 02 Cabot, Cabot & Forbes Planned 6 Brighton Jefferson at Malden Center Pleasant Street Malden MA 02148 Jefferson Apartment Group Planned 325 Malden General Electric Site Redevelopment Lynnway & Harding Street Lynn MA 015 Patsios, Charles Planned 12 Lynn Ironwood 215 Fairmount Avenue Lynn MA 015 Procopio Construction Planned Lynn Edison on the Charles 20 Cooper Street Waltham MA 024 Lincoln Property Company Planned 264 Waltham 98 Watermills at Bridgepoint 330 Pleasant Street Watertown MA 024 World Realty & Development Planned Waltham Golda Meir House Renovation 1 Stanton Avenue Newton MA 02466 Jewish Community Housing for the Elderly Planned 1 Newton Chestnut Place Chestnut Street & Cottage Avenue Quincy MA 02169 O'Connell Management Company Planned Quincy 101 East of Chestnut 0 Hancock Street Quincy MA 01269 Gate Residential Planned Quincy Newport Avenue 1 Newport Avenue Quincy MA 02 Arista Development Planned Quincy Triple 9 Hillside 23 Bridge Street Quincy MA 02169 Boston Property Development Planned Quincy 104 44 Boston Street 44 Boston Street Salem MA 010 Blue Hawk Investments Planned Peabody 105 Grove Street Grove Street Salem MA 010 Cabot Company Homes Planned 141 Peabody 106 Dodge Complex 203 Washington Street Salem MA 010 RCG Planned Peabody 107 98 Essex Street 98 Essex Street Haverhill MA 01835 Affordable Housing & Services Collaboratve Planned Haverhill 108 Heights at Haverhill, The 192 Merrimack Street Haverhill MA 01830 Lupoli Companies Planned Haverhill 109 Hill's Farm 83 Pleasant Valley Street Methuen MA 014 Lanam Development Corporation Planned Lawrence 110 Grist Mill Acton Road & Bartlett Street Chelmsford MA 01824 Winstanley Enterprises Planned Tewksbury 111 42 Wellman Street 42 Wellman Street Lowell MA 011 KS Partners Planned Lowell Merrimack Street 6 Merrimack Street Lowell MA 014 Orion Student Housing Planned 1 Lowell 113 Maynard Crossing Parker Street Maynard MA 04 Capital Group Properties Planned 323 Marlborough 114 Crossing Blvd Crossing Blvd Framingham MA 012 National Development Planned 3 Framingham Southwood Community Hospital Redevelopment 111 Dedham Street Norfolk MA 020 Hoboken Brownstone Planned 1 Foxborough 116 93 Centre Street 93 Centre Street Brockton MA 02301 Concord Square Planning & Development Planned Brockton Calamar Senior Housing 6 Main Street Wareham MA 02571 Calamar Planned Wareham Village at Thornwood Dover Point Road & Thornwood Lane Dover NH 03820 Summit Land Development Planned Dover 119 Edgebrook Heights 43 Daniel Webster Hwy Merrimack NH 03054 Etchstone Properties Planned Merrimack Merrimack 7 Daniel Webster Hwy Merrimack NH 03054 John Flatley Company Planned Merrimack 121 Park Place at Merrimack NEC Industrial Drive & Continental Blvd Merrimack NH 03054 Monahan Companies Planned Merrimack Wallace Farm Phase II 48 Perkins Road Londonderry NH 030 Wingate Companies Planned Merrimack 123 Wallace Farm Phase III 48 Perkins Road Londonderry NH 030 Wingate Companies Planned Merrimack Woodmont Commons Phase I Ash Street & Londonderry Road Londonderry NH 030 Retail Management & Development Planned 286 Merrimack 125 Garden Garage 35 Lomasney Way Boston MA 02114 Equity Residential Planned 4 North End - Charleston 126 Ropewalk 5th Street & Chelsea Street Boston MA 02 Frontier Enterprises Planned North End - Charleston 5 Albany Street 5 Albany Street Boston MA 02 Leggat McCall Properties Planned 6 South End 128 Cosmopolitan, The 771 Harrison Avenue Boston MA 02 Bodwell Pines Corporation Planned South End 2 Dorchester Avenue 2 Dorchester Avenue Boston MA 02 Edwards, Mark Planned South Boston 130 Parcel K Congress Street & Northern Avenue Boston MA 02210 Conroy Development Planned 304 South Boston 131 Washington Village Old Colony Avenue Boston MA 02 Core Investments Planned South Boston Waterside Place Phase II 5 Congress Street Boston MA 02210 Drew Company, The Planned 307 South Boston Fenway Center Beacon Street & Maitland Street Boston MA 02215 Meredith Management Planned 313 Fenway Kenmore 134 Goddard House 201 South Huntington Avenue Jamaica Plain MA 02130 Samuels & Associates Planned Fenway Kenmore Bartlett Place 25 Washington Street Boston MA 02119 Nuestra Comunidad Development Corporation Planned 1 Roxbury Tremont Crossing Tremont Street & Whittier Street Roxbury MA 02 Feldco Development Planned 7 Roxbury 137 Whittier Street Redevelopment 11 Tremont Street Boston MA 02 Boston Housing Authority Planned 5 Roxbury 138 Dr. Michael E. Haynes Arms 2 Warren Street Roxbury MA 02119 Cruz Companies Planned Mid Dorchester 139 University Place 1 Mount Vernon Street Dorchester MA 02125 Corcoran Jennison Companies Planned 1 Mid Dorchester 13 Dorchester Avenue 13 Dorchester Avenue Boston MA 02 Peregrine Group Planned 64 Dorchester 141 Mattapan Station NEC Blue Hill Avenue & River Street Boston MA 02126 Nuestra Comunidad Development Corporation Planned Dorchester 142 3 Washington 3 Washington Street Boston MA 02130 Berkeley Investments Planned Roslindale 143 Parcel U 93 Hyde Park Avenue Boston MA 02130 Community Builders, The Planned Roslindale Residences at Forest Hills 36 Washington Street Boston MA 02130 Criterion Development Planned Roslindale 145 Bremen Street Bremen Street Boston MA 02128 Merullo, Michael Planned East Boston - Chelsea 146 Mass + Main 47 Bishop Allen Drive Cambridge MA 02139 Twining Properties Planned 283 North End - Charlestown 147 Residences at 249 Third Street 249 3rd Street Cambridge MA 02142 Equity Residential Planned North End - Charlestown 148 89 Brighton 89 Brighton Avenue Boston MA 02134 Eden Property Company Planned Brighton Brighton Marine 77 Warren Street Brighton MA 02 Brighton Marine Health Center Planned 101 Brighton 1 61 Locust Street 61 Locust Street Medford MA 02 Equity One Planned 4 Malden 1 Avalon at Hilltop 5 Broadway Saugus MA 016 AvalonBay Communities Planned 2 Reading 152 Reading Village 39 Lincoln Street Reading MA 01867 New Wampum Custom Homes Planned Reading 1 Commerce Way Commerce Way Woburn MA 011 Cabot, Cabot & Forbes Planned 292 Woburn Elan Union Market Arsenal Street & Irving Street Watertown MA 024 Greystar Planned 282 Waltham Washington Place NWC Washington Street & Walnut Street Newton MA 024 Mark Investment Planned 161 Waltham 1 Wells Avenue Wells Avenue Newton MA 02459 Cabot, Cabot & Forbes Planned 334 Newton 157 Newtonville Square 28 Austin Street Newton MA 024 Dinosaur Capital Partners Planned Newton 1 Station at Riverside 3 Grove Street Newton MA 024 Blue Hawk Investments Planned 2 Newton 1 VFW Pkwy 1 Veterans of Foreign Wars Pkwy West Roxbury MA 02 Davos, Peter V. Planned Dedham 1 Cote Village 8 Cummins Hwy Mattapan MA 02126 Planning Office for Urban Affairs Planned Dedham 161 Watson on Howard, The 116 East Howard Street Quincy MA 02169 Winn Residential Planned Quincy 1 Rantoul Street Rantoul Street Beverly MA 015 Barnat Development Planned Peabody 1 4 Rantoul Street 4 Rantoul Street Beverly MA 015 Windover Construction Planned Peabody Residences at Moose Hill Emily Lane & Moosehill Road East Walpole MA 02032 Barberry Homes Planned 157 Westwood 1 Revere Copper 104 Revere Street Canton MA 02021 Melton Associates Planned Sloughton 166 One Boston Way 1 Boston Way Newburyport MA 019 MINCO Corporation Planned Amesbury 167 Tenney Place Phase II 5 West Lowell Avenue Haverhill MA 01832 Dakota Partners Planned Haverhill Van Brodie Mill 5 Broadway Lawrence MA 011 Trinity Financial Planned Lawrence 169 Alpine Village 69 Boston Road Billerica MA 018 Yvon Cormier Construction Planned 1 Tewksbury 1 Broadstone Lexington Road Billerica MA 01821 Alliance Residential Company Planned Tewksbury Broadway Village 341 Broadway Road Dracut MA 01826 Parekh, Noah Planned 278 Lowell 1 Stony Brook Weston 104 Boston Post Road Weston MA 02493 Berardi Properties Planned Marlborough 1 Modera Framingham 266 Waverly Street Framingham MA 012 Mill Creek Residential Trust Planned 2 Framingham

1 Rosegate of Wrentham Madison Street & Washington Street Wrentham MA 02093 Ryan Companies Planned Foxborough Obery Obery Street & South Street Plymouth MA 023 MEGRYCO Planned Plymouth 1 Seaport at Cordage Park, The 3 Cordage Park Circle Plymouth MA 023 Janco Development Planned Plymouth TOTAL PLANNED 23,241 177 1 Washington 1 Washington Street Boston MA 02 Druker Company, The Prospective Boston - Downtown 178 North Point Monsignor O'Brien Hwy & Charlestown Avenue Cambridge MA 02141 DivcoWest Prospective 20 North End - Charleston 1 Back Bay South End Gateway 145 Dartmouth Street Boston MA 02116 Boston Properties Prospective 0 South End 1 Parcel 15 0 Boylston Street Boston MA 02 Weiner Ventures Prospective 182 South End 181 7 Channel 7 Channel Street Boston MA 02210 Berkeley Investments Prospective South Boston 182 Boston Edison Power Plant Redevelopment 7 Summer Street Boston MA 02 Redgate Real Estate Advisors Prospective 18 South Boston 183 Epoch 1 1 Dorchester Avenue Boston MA 02 MG2 Prospective 6 South Boston 1 Mary Ellen McCormack 10 Kemp Street South Boston MA 02 Winn Residential Prospective 1016 South Boston 1 Seaport Square Block G NEC Seaport Blvd & East Service Road Boston MA 02210 WS Development Prospective 340 South Boston 186 Seaport Square Block L3 Congress Street & Boston Wharf Road Boston MA 02210 WS Development Prospective South Boston 187 Seaport Square Block L4 Congress Street & East Service Road Boston MA 02210 WS Development Prospective South Boston 188 White Building, The 616 East 4th Street Boston MA 02 Cronin Group Prospective South Boston 189 2 Charlesgate West Tower 2 Charlesgate West Boston MA 02215 Transnational Group Prospective 1 Fenway Kenmore 1 Parcel 12 NWC Massachusetts Avenue & Boylston Street Boston MA 02 Samuels & Associates Prospective 111 Fenway Kenmore 1 Viola Back Bay Massachusetts Avenue & Boylston Street Boston MA 02 Peebles Corporation, The Prospective Fenway Kenmore 192 3371 Washington Street 3371 Washington Street Jamaica Plain MA 02130 City Realty Group Prospective Roslindale 193 DeNormandie Wharf Sumner Street Boston MA 02128 Davis Companies, The Prospective East Boston - Chelsea 1 Fairfield Chelsea Phase I and II 2 Everett Avenue Chelsea MA 021 Fairfield Residential Prospective 6 East Boston - Chelsea 1 Portside 1-4 Lewis Street Boston MA 02128 Roseland Residential Trust Prospective 1 East Boston - Chelsea 1 Middle East 4 Massachusetts Avenue Cambridge MA 02139 Habib, Joseph Sater Prospective North End - Charlestown 1 Vivo Apartment Homes Phase II 2 3rd Street Cambridge MA 02142 Aimco Prospective North End - Charlestown 198 Cobble Hill Phase II Washington Street Somerville MA 02143 Corcoran Jennison Companies Prospective Somerville 1 Residences at Assembly, The 5 Middlesex Avenue Somerville MA 02145 RD Management Prospective Somerville South Street South Street & Earle Street Somerville MA 02143 DLJ Real Estate Capital Partners Prospective 400 Somerville 201 139 - Washington Street Washington Street Brighton MA 02 AvalonBay Communities Prospective 2 Brighton 202 Allston Yards Everett Street Boston MA 02134 NB Development Group Prospective 3 Brighton 203 Braintree Street & Rugg Road Braintree Street & Rugg Road Allston MA 02134 Michaels Development Prospective 2 Brighton Altitude Phase II 211 Kennedy Drive Malden MA 02148 Metropolitan Properties of America Prospective Malden 205 Lynn Waterfront Complex 254 Lynnway Lynn MA 012 MINCO Corporation Prospective 3 Lynn 206 Hill Street Redevelopment 1 Hill Street Woburn MA 011 Leggat McCall Properties Prospective Woburn 207 3 Pleasant Street 3 Pleasant Street Watertown MA 024 Stephen, Collins Prospective Waltham 208 Arsenal Mill 4 Arsenal Street Watertown MA 024 Boylston Properties Prospective 3 Waltham 209 Center 128 East 400 1st Avenue Needham MA 024 Normandy Real Estate Partners Prospective 400 Newton 210 189 Hancock Street 189 Hancock Street Quincy MA 02 Bozzuto Group Prospective 610 Quincy 211 Newbury Street 31 Newbury Street Quincy MA 02 Industrial Heat Treating Prospective Quincy 212 Quarry Hills Quarry Hill Drive & Ricciuti Drive Quincy MA 02169 Locke Jr., William E. Prospective 269 Quincy 213 10 Congress Street 10 Congress Street Beverly MA 015 Windover Construction Prospective Peabody 214 211 Rantoul Street 211 Rantoul Street Beverly MA 015 Windover Construction Prospective Peabody 215 Medfield Green Dale Street & North Meadows Road Medfield MA 02052 Corrigan, Karina Prospective Westwood 216 Union Street 32 Union Street Natick MA 010 KSM Real Estate Prospective Westwood 217 Essex Street Mill 24 Essex Street Haverhill MA 01832 Chinburg Properties Prospective Haverhill 218 Stevens Street Mill 30 Stevens Street Haverhill MA 01830 Winn Residential Prospective Haverhill Route 125 Walker Road & Route 125 North North Andover MA 015 Princeton Properties Prospective Lawrence 145 Thorndike Street 145 Thorndike Street Lowell MA 012 Lupoli Companies Prospective 1 Lowell 221 Mercier Merrimack Street & Pawtucket Street Lowell MA 014 Lowell Housing Authority Prospective Lowell 222 Pleasant Street 1 Pleasant Street Dunstable MA 01827 Town of Dunstable Prospective Townsend 223 113 Boston Post Road 113 Boston Post Road Wayland MA 01778 Eden Management Prospective Marlborough 224 Weston Quarry Boston Post Road Weston MA 02493 Boston Properties Prospective 345 Marlborough 5 Worcester 5 Worcester Street Natick MA 010 National Development Prospective Framingham 226 Concord Street & Kendall Street Concord Street & Kendall Street Framingham MA 012 Wood Partners Prospective 1 Framingham 227 Fabric Place Redevelopment Howard Street Framingham MA 012 Wood Partners Prospective Framingham 228 Mount Wayte Plaza Franklin Street & Mt. Wayte Avenue Framingham MA 012 Baystone Development Prospective Framingham 229 Sprague Street Sprague Street Brockton MA 02302 The Noannet Group Prospective 521 Brockton 230 Tri City Road & High Street Tri City Road & High Street Somersworth NH 03878 John Flatley Company Prospective Dover 231 Apple Ridge 114 Rochester Hill Road Rochester NH 03867 D. R. Lemieux Builders Prospective Rochester 232 Pleasant Street 39 Pleasant Street Salem NH 030 Dolben Company Prospective 2 Salem 233 Bridge Street Waterfront Phase II - IV East Hollis Street & Bridge Street Nashua NH 030 Renaissance Downtowns Prospective 522 Nashua Lexington Manor 2 Main Street Nashua NH 030 Tribute Companies Prospective Nashua Wayfarer Property 121 South River Road Bedford NH 03110 Jiten Hotel Management Prospective Merrimack 236 One Bromfield Street 11 Bromfield Street Boston MA 02108 Midwood Investment & Development Prospective Boston - Downtown 237 One Charlestown Bunker Hill Street Charlestown MA 02 Corcoran Jennison Companies Prospective 3 North End - Charleston 238 Rio Grande Tower 3 Washington Street Roxbury MA 02119 Long Bay Management Prospective 1 Roxbury 239 12 Beacon Street 12 Beacon Street Brookline MA 06 Academy Hill Realty Prospective Brookline Babcock Place 138 Babcock Street Brookline MA 06 Tremont Asset Management Prospective Brookline 241 Coolidge Residences at Brookline, The 10 Waldo Street Brookline MA 06 Chestnut Hill Realty Prospective Brookline 242 Cypress at Brookline Hills 111 Cypress Street Brookline MA 05 Aspen Group, The Prospective Brookline 243 Orient Heights Redevelopment Phases II - IV 38 Vallar Street East Boston MA 02128 Trinity Financial Prospective 2 East Boston - Chelsea Commons at Weiss Farm, The 1 Franklin Street Stoneham MA 021 John M. Corcoran and Company Prospective 264 Reading 245 Ledges at Woburn 1042 Main Street Woburn MA 011 Dolben Company Prospective Woburn 246 341 2nd Avenue 341 2nd Avenue Waltham MA 024 Alliance Residential Company Prospective 1 Lakeview 247 Winchester North 416 Cambridge Street Winchester MA 018 SEB Prospective Lakeview Modera Needham 692 Greendale Avenue Needham MA 02492 Mill Creek Residential Trust Prospective Newton 249 Hancock Village Project 298 Independence Drive Chestnut Hill MA 02467 Chestnut Hill Realty Prospective 3 Dedham 2 Devine School Redevelopment Old Street Randolph MA 023 Cruz Companies Prospective 92 Sloughton 2 230 Beal Street 230 Beal Street Hingham MA 03 Alliance Residential Company Prospective Cohasset Bartlett Fields NEC Clapp Road & Booth Hill Road Scituate MA 02066 Toll Brothers Apartment Living Prospective Cohasset 2 Lodge at Andover 30 Shattuck Road Andover MA 01810 Hanover Company, The Prospective Lawrence 254 39 Grant Street 39 Grant Street Framingham MA 012 RMA Management Prospective Framingham 2 Modera Marshfield SEC Commerce Road & Enterprise Drive Marshfield MA 020 Mill Creek Residential Trust Prospective 2 Marshfield - Pembroke 2 Simon Hill 2 Prospect Street Norwell MA 02061 Woodland Development Prospective 126 Marshfield - Pembroke 257 Cranberry Village West Grove Street Middleboro MA 06 J. M. Barges Corp. Prospective Middleborough TOTAL PROSPECTIVE 25,004 TOTAL BOSTON,0 2017 Berkadia Real Estate Advisors LLC. Berkadia is a trademark of Berkadia Proprietary Holding LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker License #019310; Vincent B. Norris, CA BRE Lic. # 38. Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-01; and Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #018116. For state licensing details visit: http://www.berkadia.com/legal/licensing.aspx