Orlando New Construction & Proposed Multifamily Projects

Lease-Up

Under Construction

Planned

Prospective

LEGEND

3Q18

a Berkshire Hathaway and Jefferies Financial Group company

ID PROPERTY UNITS1 Town Trelago 3992 Blake, The 2813 Princeton at College Park, The 2054 Adeline, The 2375 Alta Grande 3146 Lakewalk at Hamlin 3167 M2 at Millenia 4038 Solaya 3229 Maitland Station 29310 Drake at Midtown 26311 Modera Central 35012 Novel Lucerne 37513 Maitland City Centre 24414 Vernazza 25615 Addison at Windermere, The 316

Total Lease-Up 4,57416 Yard at Ivanhoe, The 63017 Millennium at Citrus Ridge 32618 Highline 17119 Orlando Corporate Centre 26020 Ecco on Orange 30021 Serenity at Flamingo Crossings 30022 UnionWest at Creative Village 12723 Lake Monroe 28024 520 East 36425 Happy Trail & Sinclair Road 12026 Villages at West Lakes Phase II, The 12027 Amelia Court at Creative Village 25628 BellaNova at JubiLee Park 31229 Addison at Universal Boulevard, The 34430 Urbon 35631 Lofts at South Lake 14432 Tract 8B at the Reserve at Alafaya 27533 Integra Sunrise 30034 Ascend at 95 30035 Vintage at Winter Park 33236 Pixon 20137 Cameron Preserve Phase II 9038 Blue Beach Club Redevelopment 7939 400 North 300

Total Under Construction 6,28740 Addison at Cypress Sound 21641 Sunbridge 1,65042 401 South Rosalind Avenue 31843 500 North Orange Avenue 35044 Radius 38945 Baldwin House 12246 Gem Lake Redevelopment 10047 Balsam & Dogwood 8648 Park Central 21549 Millenia Lakes 32350 Lake Betty 32551 North Keller Road & Maitland Blvd 30052 Apopka City Center 8253 Greens at Forest Lake, The 20054 Azul Sand Lake Vista 26255 Niido Powered by Airbnb 32456 Palm Pkwy 25057 Vista Oaks 35058 Grande Lakes III 32859 Education Village 40060 Narcoossee Cove 22561 Oasis at Moss Park Phase II, The 30062 Reserve at Avalon, The 1,75063 River Run at Valencia 11464 Dwell at Oviedo 29665 Grandeville at Weststate 30666 Emerson Altamonte Springs 25067 Reagan Center 82768 Broadstone Forest 26069 Heritage Park 23570 Magic Place 25171 Hamilton at Lakeside, The 10872 Mosaic @ Lake Toho 26073 SunRail Osceola 23874 Hartzog & Avalon 20275 Hancock 30676 Indian Springs 10077 Spring Lake Road 11078 Venetian Isles 10079 603 Brevard 10080 Oasis at West Melbourne 31681 Atrium, The 14982 San Filippo 9683 Space Coast Town Center 1,600

Total Planned 15,089

84 Sipes Avenue 12185 845 North Magnolia Avenue 20086 City Centre 21587 Golden Sparrow Phase II 28588 Golden Sparrow Phase III 29289 Novel Lucerne Phase II 30090 Orange & Robinson 32591 Orange Avenue 18492 Orlando Central 45093 Tribune 31894 Tribune II 42895 X Orlando 29096 Broadstone Lakehouse 28897 Orange Avenue 32598 Yard at Ivanhoe Phase II, The 17499 BellaNova at JubiLee Park Phase II 392100 Sandlake Palazzo 180101 Sandlake Station 196102 Grand National 260103 Rise in MetroWest 442104 Green District, The 464105 Maitland West Phase II 285106 Creative Village - Parcel M 390107 Creative Village - Parcel U 100108 Packing District, The 1,000109 Fifty West 275110 Inspiration 90111 Avian Pointe 750112 Marden Ridge Phase II 228113 West 429 1,000114 Flamingo Crossings East 1,300115 Flamingo Crossings West 1,300116 O-Town West & O-Town Village 100117 Rialto II 297118 Turkey Lake Road Condos 424119 SunRail Senior 200120 Wetherbee Road 950121 River Cross Land 500122 Paseo at Collegiate Village, The 350123 Retreat at Orlando, The Phase II 100124 Seminole Avenue 50125 Alta Seminole 253126 Cranes Roost Boulevard & Shorecrest Drive 330127 New Century Town Center 350128 Preserve, The 240129 First Street Station 292130 Monroe Place 102131 View @ Lake Monroe, The 300132 Isles of Bellalago 50133 Sola at Celebration 306134 Epoch Flora Ridge 788135 SunRail Osceola Phase II 112136 NeoCity 100137 Minneola Hills 297138 Vue at Clermont, The 100139 Valencia Grove Phase II 110140 Luna Trail 86141 Suntree 100

Total Prospective 19,734

Source: Yardi Matrix2 mi

139

113

111112

109110

103

102117

118116

115114

133

134

119

135

136

132

10897

9896

85

106107

94

120

101 99

123 121

140

141

122124

131

130 129

84128127

126

105125

100

137138

938788 95

9092

104

86

91

89

19

2

10

7

3

11

12

15

58

14

6

134

23

35

39

32

38

30

2722

24

26

18

34

16

20

19

28

36

29

33

25

21

31

17

37

77

7876

69

67

64

65

6347

61

62

41

79

8380

43

44

42 81

82

59

60

45

46

5150

52

53

75

40

54

4849

57

55

56

74

58

71

73

72

70

66

68

ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMIT DATE FORECASTED COMPLETION DATE START OF RENT-UP

1 Town Trelago 601 Trelago Way Maitland FL 32751 Lease-Up 399 Winter Park/Maitland 01-01-2018 05-31-2019 09-01-20182 Blake, The 151 Michael Blake Blvd Winter Springs FL 32708 Lease-Up 281 Longwood 10-27-2017 04-30-2019 04-02-20183 Princeton at College Park, The 646 West Smith Street Orlando FL 32804 Lease-Up 205 Pine Hills 10-01-2016 03-31-2019 06-01-20184 Adeline, The 304 Lake Avenue Maitland FL 32751 Lease-Up 237 Winter Park/Maitland 09-01-2017 12-31-2018 08-27-20185 Alta Grande 3512 Grande Reserve Way Orlando FL 32837 Lease-Up 314 Hunter's Creek 05-01-2017 12-31-2018 07-25-20186 Lakewalk at Hamlin 14012 Shoreside Way Winter Garden FL 34787 Lease-Up 316 Lake Buena Vista 12-15-2016 12-31-2018 12-01-20177 M2 at Millenia 4206 Eastgate Drive Orlando FL 32839 Lease-Up 403 Oak Ridge - west 03-01-2017 11-30-2018 08-27-20188 Solaya 11833 Westwood Blvd Orlando FL 32821 Lease-Up 322 Lake Bryan 08-01-2017 11-30-2018 08-01-20189 Maitland Station 955 North Orlando Avenue Maitland FL 32751 Lease-Up 293 Winter Park/Maitland 03-01-2016 11-30-2018 07-01-201710 Drake at Midtown 252 Wheelhouse Lane Lake Mary FL 32746 Lease-Up 263 Lake Mary 06-01-2017 10-31-2018 07-02-201811 Modera Central 125 East Pine Street Orlando FL 32801 Lease-Up 350 Downtown Orlando 10-15-2016 10-31-2018 06-05-201812 Novel Lucerne 733 Main Lane Orlando FL 32801 Lease-Up 375 Downtown Orlando 03-01-2017 10-31-2018 06-04-201813 Maitland City Centre 190 Independence Lane Maitland FL 32751 Lease-Up 244 Winter Park/Maitland 10-28-2016 10-31-2018 05-01-201814 Vernazza 1790 Manarola Street Kissimmee FL 34741 Lease-Up 256 West Kissimmee 12-01-2016 10-31-2018 03-01-201815 Addison at Windermere, The 13644 Tortona Lane Windermere FL 34786 Lease-Up 316 Lake Buena Vista 04-01-2017 10-31-2018 01-11-2018

TOTAL LEASE-UP 4,57416 Yard at Ivanhoe, The 1605 Alden Road Orlando FL 32803 Under Construction 630 Colonial Town 03-01-2018 05-31-202017 Millennium at Citrus Ridge West Orange Lake Blvd & US Highway 192 Kissimmee FL 34747 Under Construction 326 Celebration 02-01-2018 01-31-202018 Highline SWC Grant Place & East New Haven Avenue Melbourne FL 32901 Under Construction 171 Palm Bay 08-29-2018 01-31-202019 Orlando Corporate Centre 6201 Corporate Centre Blvd Orlando FL 32822 Under Construction 260 Vista Park 08-29-2018 12-31-201920 Ecco on Orange 3135 South Orange Avenue Orlando FL 32806 Under Construction 300 Edgewood 03-01-2018 12-31-201921 Serenity at Flamingo Crossings Avalon Road & Flamingo Crossings Blvd Orlando FL 32830 Under Construction 300 Lake Buena Vista 06-14-2018 12-31-201922 UnionWest at Creative Village 601 West Livingston Street Orlando FL 32801 Under Construction 127 Pine Hills 01-01-2018 08-31-201923 Lake Monroe 2205 West Seminole Blvd Sanford FL 32771 Under Construction 280 Lake Monroe 08-27-2018 08-31-201924 520 East 555 Mariposa Street Orlando FL 32801 Under Construction 364 Downtown Orlando 07-19-2018 07-31-201925 Happy Trail & Sinclair Road Happy Trail & Sinclair Road Kissimmee FL 34747 Under Construction 120 Celebration 07-04-2018 07-31-201926 Villages at West Lakes Phase II, The 2205 Orange Center Blvd Orlando FL 32805 Under Construction 120 Holden Heights 04-02-2018 07-31-201927 Amelia Court at Creative Village NEC West Amelia Street & North Parramore Avenue Orlando FL 32805 Under Construction 256 Pine Hills 06-28-2018 07-31-201928 BellaNova at JubiLee Park 6708 Hazaeline National Drive Orlando FL 32822 Under Construction 312 Vista Park 06-29-2018 06-30-201929 Addison at Universal Boulevard, The 9707 Pow Mia Memorial Drive Orlando FL 32819 Under Construction 344 Florida Center 08-01-2017 06-30-201931 Lofts at South Lake 865 Oakley Seaver Drive Clermont FL 34711 Under Construction 144 Clermont 02-01-2018 04-30-201932 Tract 8B at the Reserve at Alafaya 12530 Innovation East Drive Orlando FL 32828 Under Construction 275 Stoneybrook 04-18-2018 03-31-201930 Urbon 3710 Maguire Blvd Orlando FL 32803 Under Construction 356 Colonial Town 05-07-2018 05-31-201933 Integra Sunrise 4701 Luminous Loop Kissimmee FL 34746 Under Construction 300 West Kissimmee 01-22-2018 01-31-201934 Ascend at 95 26 Norfolk Pkwy West Melbourne FL 32904 Under Construction 300 Palm Bay 03-19-2018 01-31-201935 Vintage at Winter Park 4460 North Goldenrod Road Winter Park FL 32792 Under Construction 332 Goldenrod 04-23-2018 12-31-201836 Pixon SEC Lake Nona Blvd & Tavistock Lakes Blvd Orlando FL 32827 Under Construction 201 Lake Nona 05-15-2017 12-31-201837 Cameron Preserve Phase II West Irlo Bronson Memorial Hwy & Yates Road Kissimmee FL 34741 Under Construction 90 West Kissimmee 03-01-2018 12-31-201838 Blue Beach Club Redevelopment 2825 South Washington Avenue Titusville FL 32780 Under Construction 79 Titusville 03-22-2018 12-31-201839 400 North 400 North Orlando Avenue Maitland FL 32751 Under Construction 300 Winter Park/Maitland 06-01-2017 11-30-2018

TOTAL CONSTRUCTION 6,28740 Addison at Cypress Sound Lake Sawyer Drive & Winter Garden Vineland Road Lake Butler FL 34786 Planned 21641 Sunbridge State Route 528 & Dallas Blvd Orlando FL 32832 Planned 1,65042 401 South Rosalind Avenue 401 South Rosalind Avenue Orlando FL 32801 Planned 318 Downtown Orlando43 500 North Orange Avenue 500 North Orange Avenue Orlando FL 32801 Planned 350 Downtown Orlando44 Radius 333 North Rosalind Avenue Orlando FL 32801 Planned 389 Downtown Orlando45 Baldwin House 4787 New Broad Street Orlando FL 32814 Planned 122 Colonial Town46 Gem Lake Redevelopment 201 Monroe Avenue Maitland FL 32751 Planned 100 Winter Park/Maitland47 Balsam & Dogwood Balsam Drive & Dogwood Drive Orlando FL 32807 Planned 86 Union Park48 Park Central Americana Blvd & South John Young Pkwy Orlando FL 32839 Planned 215 Lake Catherine49 Millenia Lakes 5450 Millenia Lakes Blvd Orlando FL 32839 Planned 323 Oak Ridge - west50 Lake Betty 2695 South Orange Blossom Trail Apopka FL 32703 Planned 325 Lockhart51 North Keller Road & Maitland Blvd 2270 Shadow Lane Orlando FL 32810 Planned 300 Lockhart52 Apopka City Center State Route 436 & U.S. Route North 441 Apopka FL 32704 Planned 82 Apopka/Piedmont53 Greens at Forest Lake, The West Orange Trail & State Road 429 Ocoee FL 34761 Planned 200 Apopka/Piedmont54 Azul Sand Lake Vista 9200 Turkey Lake Road Orlando FL 32819 Planned 262 Lake Buena Vista55 Niido Powered by Airbnb Epcot Center Drive & World Drive Orlando FL 32830 Planned 324 Lake Buena Vista56 Palm Pkwy Daryl Carter Pkwy & Palm Pkwy Orlando FL 32836 Planned 250 Lake Buena Vista57 Vista Oaks Perrihouse Acres Lane & Winter Garden Vineland Road Orlando FL 32836 Planned 350 Lake Buena Vista58 Grande Lakes III Central Florida Pkwy & South John Young Pkwy Orlando FL 32837 Planned 328 Hunter's Creek59 Education Village Narcoossee Road & Tyson Road Orlando FL 32832 Planned 400 Lake Nona60 Narcoossee Cove Kirby Smith Road & Narcoossee Road Orlando FL 32832 Planned 225 Lake Nona61 Oasis at Moss Park Phase II, The 10955 Moss Park Road Orlando FL 32832 Planned 300 Lake Nona62 Reserve at Avalon, The South Alafaya Trail & Innovation Way Orlando FL 32828 Planned 1,750 Stoneybrook63 River Run at Valencia 113 South Econlockhatchee Trail Orlando FL 32825 Planned 114 Stoneybrook64 Dwell at Oviedo NWC West Broadway Street & Oviedo Mall Blvd Oviedo FL 32765 Planned 296 Oviedo65 Grandeville at Weststate State Road 417 & West State Road 426 Oviedo FL 32765 Planned 306 Red Bug Lake66 Emerson Altamonte Springs East Central Pkwy & Douglas Avenue Altamonte Springs FL 32701 Planned 250 Weathersfield67 Reagan Center 4311 South Orlando Drive Sanford FL 32773 Planned 827 Elder Springs68 Broadstone Forest International Pkwy & West State Road 46 Sanford FL 32771 Planned 260 Lake Monroe69 Heritage Park West Seminole Blvd & Walnut Crest Run Sanford FL 32771 Planned 235 Lake Monroe70 Magic Place Ham Brown Road & South Orange Blossom Trail Kissimmee FL 34746 Planned 251 West Kissimmee71 Hamilton at Lakeside, The SWC Bermuda Lakes Lane & North John Young Pkwy Kissimmee FL 34741 Planned 108 East Kissimmee72 Mosaic @ Lake Toho Lakeshore Blvd & Ruby Avenue Kissimmee FL 34741 Planned 260 East Kissimmee73 SunRail Osceola South Orange Avenue & East Osceola Pkwy Kissimmee FL 34744 Planned 238 East Kissimmee74 Hartzog & Avalon 14405 Hartzog Road Winter Garden FL 34787 Planned 202 Hancock Lake

Source: Yardi Matrix

Orlando New Construction and Proposed Multifamily Projects

ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMIT DATE FORECASTED COMPLETION DATE START OF RENT-UP

75 Hancock Hancock Road & State Road 50 Clermont FL 34711 Planned 306 Clermont76 Indian Springs Britt Road & Wolf Branch Road Mount Dora FL 32757 Planned 100 Mt Dora77 Spring Lake Road 2307 Spring Lake Road Fruitland Park FL 34731 Planned 110 Leesburg78 Venetian Isles East Dixie Avenue & South Lake Street Leesburg FL 34748 Planned 100 Leesburg79 603 Brevard 603 Brevard Avenue Cocoa FL 32922 Planned 100 Melbourne80 Oasis at West Melbourne South John Rodes Blvd & West New Haven Avenue West Melbourne FL 32904 Planned 316 Melbourne81 Atrium, The Dairy Road & Palm Bay Road NE Melbourne FL 32905 Planned 149 Palm Bay82 San Filippo Jaslo Street SE & San Filippo Drive SE Palm Bay FL 32909 Planned 96 Palm Bay83 Space Coast Town Center Interstate 95 & Space Coast Pkwy West Melbourne FL 32904 Planned 1,600 Palm Bay

TOTAL PLANNED 15,08984 Sipes Avenue East Lake Mary Blvd & Sipes Avenue South Sanford FL 32773 Prospective 12185 845 North Magnolia Avenue 845 North Magnolia Avenue Orlando FL 32803 Prospective 200 Downtown Orlando86 City Centre 205 East Central Blvd Orlando FL 32801 Prospective 215 Downtown Orlando87 Golden Sparrow Phase II 434 North Orange Avenue Orlando FL 32801 Prospective 285 Downtown Orlando88 Golden Sparrow Phase III 434 North Orange Avenue Orlando FL 32801 Prospective 292 Downtown Orlando89 Novel Lucerne Phase II NWC West Gore Street & South Orange Avenue Orlando FL 32801 Prospective 300 Downtown Orlando90 Orange & Robinson 336 North Orange Avenue Orlando FL 32801 Prospective 325 Downtown Orlando91 Orange Avenue 944 South Orange Avenue Orlando FL 32806 Prospective 184 Downtown Orlando92 Orlando Central 110 West Jefferson Street Orlando FL 32801 Prospective 450 Downtown Orlando93 Tribune 501 North Orange Avenue Orlando FL 32801 Prospective 318 Downtown Orlando94 Tribune II 501 North Orange Avenue Orlando FL 32801 Prospective 428 Downtown Orlando95 X Orlando 434 North Orange Avenue Orlando FL 32801 Prospective 290 Downtown Orlando96 Broadstone Lakehouse North Ivanhoe Road & North Orange Road Orlando FL 32804 Prospective 288 Colonial Town97 Orange Avenue North Orange Avenue & East Rollins Street Orlando FL 32804 Prospective 325 Colonial Town98 Yard at Ivanhoe Phase II, The 1605 Alden Road Orlando FL 32803 Prospective 174 Colonial Town99 BellaNova at JubiLee Park Phase II 6708 Hazeltine National Drive Orlando FL 32822 Prospective 392 Vista Park100 Sandlake Palazzo West Lancaster Road & Winegard Road Pine Castle FL 32809 Prospective 180 Belle Isle101 Sandlake Station 7803 South Orange Avenue Orlando FL 32809 Prospective 196 Belle Isle102 Grand National International Drive & West Oak Ridge Road Orlando FL 32819 Prospective 260 Florida Center103 Rise in MetroWest 6003 Raleigh Street Orlando FL 32835 Prospective 442 Kirkman104 Green District, The West Church Street & South Division Avenue Orlando FL 32805 Prospective 464 Holden Heights105 Maitland West Phase II 8805 Albemarle Road Orlando FL 32810 Prospective 285 Lockhart106 Creative Village - Parcel M West Amelia Street & North Terry Avenue Orlando FL 32801 Prospective 390 Pine Hills107 Creative Village - Parcel U West Amelia Street & Ronald Blocker Avenue Orlando FL 32801 Prospective 100 Pine Hills108 Packing District, The North Orange Blossom Trail & Princeton Street Orlando FL 32804 Prospective 1,000 Pine Hills109 Fifty West SWC West Colonial Drive & Maguire Road Ocoee FL 34761 Prospective 275 Gotha/Orlovista110 Inspiration Florida's Turnpike & Maguire Road Ocoee FL 34761 Prospective 90 Gotha/Orlovista111 Avian Pointe 2771 Lust Road Apopka FL 32703 Prospective 750 Apopka/Piedmont112 Marden Ridge Phase II 1501 Marden Road Apopka FL 32703 Prospective 228 Apopka/Piedmont113 West 429 1324 Plymouth Sorrento Road Apopka FL 32712 Prospective 1,000 Apopka/Piedmont114 Flamingo Crossings East 13325 Flamingo Crossings Blvd Winter Garden FL 32821 Prospective 1,300 Lake Buena Vista115 Flamingo Crossings West Flagler Avenue & Flamingo Crossings Blvd Winter Garden FL 34787 Prospective 1,300 Lake Buena Vista116 O-Town West & O-Town Village Daryl Carter Pkwy & Palm Pkwy Orlando FL 32819 Prospective 100 Lake Buena Vista117 Rialto II NWC Majorca Place & Turkey Lake Road Orlando FL 32819 Prospective 297 Lake Buena Vista118 Turkey Lake Road Condos 10900 Turkey Lake Road Orlando FL 32819 Prospective 424 Lake Buena Vista119 SunRail Senior Mary Louis Lane & South Orange Avenue Orlando FL 32837 Prospective 200 Hunter's Creek120 Wetherbee Road 4402 East Wetherbee Road Orlando FL 32834 Prospective 950 Hunter's Creek121 River Cross Land East Colonial Drive & Chuluota Road Orlando FL 32820 Prospective 500 Stoneybrook122 Paseo at Collegiate Village, The 4000 Central Florida Blvd Orlando FL 32816 Prospective 350 University Park123 Retreat at Orlando, The Phase II 11037 Retreat Avenue Orlando FL 32817 Prospective 100 University Park124 Seminole Avenue Princess Palm Place & Seminole Avenue Oviedo FL 32765 Prospective 50 Oviedo125 Alta Seminole Aloma Avenue & Tuskawilla Road Oviedo FL 32765 Prospective 253 Red Bug Lake126 Cranes Roost Boulevard & Shorecrest Drive Cranes Roost Boulevard & Shorecrest Drive Altamonte Springs FL 32701 Prospective 330 Altamonte Springs127 New Century Town Center Primera Blvd & Rinehart Road Lake Mary FL 32746 Prospective 350 Lake Mary128 Preserve, The 1010 West Lake Mary Blvd Sanford FL 32773 Prospective 240 Elder Springs129 First Street Station 200 West 1st Street Sanford FL 32771 Prospective 292 Sanford130 Monroe Place 2306 West 1st Street Sanford FL 32771 Prospective 102 Lake Monroe131 View @ Lake Monroe, The 2485 NW US Highway 17-92 Sanford FL 32771 Prospective 300 Lake Monroe132 Isles of Bellalago Isles of Bellalago Drive & South Poinciana Blvd Kissimmee FL 34746 Prospective 50 Celebration133 Sola at Celebration 1662 Celebration Blvd Celebration FL 34747 Prospective 306 Celebration134 Epoch Flora Ridge Dyer Blvd & West Osceola Pkwy Kissimmee FL 34741 Prospective 788 West Kissimmee135 SunRail Osceola Phase II South Orange Avenue & East Osceola Pkwy Kissimmee FL 34744 Prospective 112 East Kissimmee136 NeoCity 200 NeoCity Way Kissimmee FL 34744 Prospective 100 Fish Lake137 Minneola Hills Fosgate Road & North Hancock Road Minneola FL 34715 Prospective 297 Clermont138 Vue at Clermont, The Giovani Blvd & Old Hwy 50 West Clermont FL 34713 Prospective 100 Clermont139 Valencia Grove Phase II Dillard Road & Mt Homer Road Eustis FL 32726 Prospective 110 Mt Dora140 Luna Trail South Deleon Avenue & Sycamore Street Titusville FL 32780 Prospective 86 Titusville141 Suntree 1000 Villa Drive Melbourne FL 32940 Prospective 100 Melbourne

TOTAL PROSPECTIVE 19,734

TOTAL ORLANDO 45,684

Orlando New Construction and Proposed Multifamily Projects

© 2018 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 #01931050; Vincent B. Norris, CA BRE Lic. # 843890. Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701; and Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details visit: http://www.berkadia.com/legal/licensing.aspx Source: Yardi Matrix