Q3 2017 - Multifamily Market Update Newsletter

LISTING PRICE $1,100 AVG MKT RENT Miami, FL 8000NEBAYSHORECOURT,33138 $6,250,000 LISTING PRICE

$1,638 AVG MKT RENT $10,000,000 LISTING PRICE LISTINGPRICE LISTING PRICE

925-965 MARSEILLE DRIVE, 33141 925-965 MARSEILLE DRIVE, 33141

FOR SALE OPPORTUNITIES To view more deals please visit: http://www.cushwakesouthfl.com/multifamily/ ACTIVE LISTINGS SAME SELLER - OFFERED INDIVIDUALLY OR AS A PORTFOLIO BAY HARBOR COLLECTION $1.94 AVG MKT RENT/SF Bay Harbor Islands, FL 9770-9800EBAYHARBORDR | 105098THST,33154 BAY HARBOR COLLECTION $1.94 AVG MKT RENT/SF $1,638 AVG MKT RENT Bay Harbor Islands, FL 9770-9800EBAYHARBORDR | 105098THST,33154 $1,100 AVG MKT RENT Miami, FL 8000NEBAYSHORECOURT,33138 THE BOUTIQUE $2.45 AVG MKT RENT/SF THE BOUTIQUE $2.05 AVGMKTRENT/SF $1,290 AVGMKTRENT Miami Beach, FL 6905-6921RUEVENDOME,33141 6905-6921 RUE VENDOME A Renovated Community in Miami Beach A Renovated Co munity in Miami Beach $2.45 AVG MKT RENT/SF

A Fully Renovated Community in Bay Harbor Islands FullyRenovatedMiamiBeachUnitsStepsAwayFromNorthBeachTownCenter FullyRenovatedMiamiBeachU itsStepsAwayFromNorthBeachTownCenter

A Fully Renovated Apartment or Short Term Rental Opportunity A Fully Renovated Apartment or Short Term Rental Opportunity A Fully Renovated Miami Beach Waterfront Community

11 UNITS

1 UNITS

33 UNITS 30 UNITS 30 UNITS

43 UNITS 43 UNITS

27 UNITS

1950 YEAR BUILT 843 AVG UNIT SF 27,830 RENTABLE SF 1958 BUILT 2014 RENOVATED 630 AVG UNIT S 18,89 RENT BLE SF 1958 BUILT 2014 RENOVATED 630 AVG UNIT SF 18,890 RENTABLE SF $10,000,000 LISTING PRICE

19,320 RENTABLE SF 19,320 RENTABLE SF

17,478 RENTABLESF

1940 YEAR BUILT 550 AVG UNIT SF 6,052 RENTABLE SF

1940 YEAR BUILT 50 AVG UNIT SF 6,052 RENTABLE SF

MU LT I FAM I LY I NVE S TMENT | SOUTH F LOR I DA T E AM 14 THE BOUTIQUE 28 Units Fully Approved & Shovel Ready in Surfside A Renovated Community in Miami Beach 28 Units Fully Approved & Shovel Ready in Surfside A Renovated Community in Miami Beach PRIVATE CAPITAL GROUP PERRY SYNANIDIS SENIOR FINANCIAL ANALYST +1 954 377 0521 perry.synanidis@cushwake.com PRIVATE CAPITAL GROUP

1956 BUILT 2007 RENOVATED 449 AVG UNIT SF 1956 BUILT 2007 RENOVATED 449 AVG UNIT SF $1,100 AVG MKT RENT Miami, FL 8000NEBAYSHORECOURT,33138 $6,250,000 LISTING PRICE $1,100 AVG MKT RENT Miami, FL 8000NEBAYSHORECOURT,33138 $6,250,000 LISTING PRICE $1,300 AVGMKTRENT

1950 BUILT 2014 RENOVATED 647 AVGUNITSF $5,535,000 LISTINGPRICE

$1.94 AVG MKT RENT/SF $2.05 AVG MKT RENT/SF $2.05 AVG MKT RENT/SF $1,638 AVG MKT RENT $1,290 AVG MKT RENT Miami Beach, FL 6905-6921RUEVENDOME,33141 $6,000,000 LISTING PRICE $1,290 AVG MKT RENT Miami Beach, FL 6905-6921RUEVENDOME,33141 $6,000,000 LISTING PRICE Bay Harbor Islands, FL 9770-9800EBAYHARBORDR | 105098THST,33154

$2.45 AVG MKT RENT/SF $2.45 AVG MKT RENT/SF

$1.86 AVGMKTRENT/SF

THE BOUTIQUE T E B TIQ E 925-965 MARSEILLE DRIVE $1,150 AVG MKT RENT Miami Beach, FL 7130 RUE VERSAILLES, 33141 $2,100,000 LISTING PRICE $2.09 AVG MKT RENT/SF $ ,150 AVG MKT RENT Miami Beach, FL 7130 RU VERSAILLES, 33141 $2,1 , 0 L STING PRICE FullyRenovatedMiamiBeachUnitsStepsAwayFromNorthBeachTownCenter FullyRenovatedMiamiBeachUnitsStepsAwayFromNorthBeachTownCenter A Renovated Community in Miami Beach $2.09 AVG MKT RENT/SF

BAY HARBOR COLLECTION 6905-6921 RUE VENDOME 6905-6921 RUE VENDO E

Miami Beach, FL 925-965MARSEILLEDRIVE,33141

A Fully Renovated Apartment or Short Term Rental Opportunity A Fully Renovated Miami Beach Waterfront Community A Fully Renovated Miami Beach Waterfront Community

43 UNITS 27 UNITS 27 UNITS 7130 RUE VERSAILLES 7130 RUE VERSAI LES

30 UNITS 0 UNITS

11 UNITS

19,320 RENTABLE SF 17,478 RENTABLE SF 17,478 RENTABLE SF

1958 BUILT 2014 RENOVATED 630 AVG UNIT SF I 2014 VATED 630 UNIT SF 1940 YEARBUILT 550 AVGUNITSF 6,052 RENTABLESF 18,890 RENTABLE SF , RENTABLE SF

1956 BUILT 2007 RENOVATED 449 AVG UNIT SF 1950 BUILT 2014 RENOVATED 647 AVG UNIT SF 1950 BUILT 2014 RENOVATED 647 AVG UNIT SF $1,100 AVG MKT RENT Miami, FL 8000NEBAYSHORECOURT,33138 $6,250,000 LISTING PRICE $1,300 AVG MKT RENT Miami Beach, FL 925-965MARSEILLEDRIVE,33141 $5,535,000 LISTING PRICE $1,300 AVG MKT RENT Miami Beach, FL 925-965MARSEILLEDRIVE,33141 $5,535,000 LISTING PRICE

28 Units Fully Approved & Shovel Ready in Surfside 28 Units Fully Approved & Shovel Ready in Surfside

$1,290 AVG MKT RENT Miami Beach, FL 6905-6921RUEVENDOME,33141 $6,000,000 LISTING PRICE G M a , 6905-6921R E E E,33141 PROPERTY DETAIL

$2.05 AVG MKT RENT/SF 5 K E S $1,150 AVGMKTRENT Miami Be ch, FL 7130RUEVERSAILLES,33141 $2,100,0 LISTINGPRICE ± 0.65 ACRES PROPERTY DETAIL ± 0.65 ACRES $2.09 AVGMKTRENT/SF

$2.45 AVG MKT RENT/SF $1.86 AVG MKT RENT/SF $1.86 AVG MKT RENT/SF

6905-6921 RUE VENDOME E 7130 RUE V RSAILLES

925-965 MARSEILLE DRIVE 925-965 MARSEILLE DRIVE

FullyRenovatedMiamiBeachUnitsStepsAwayFromNorthBeachTownCenter

A Fully Renovated Miami Beach Waterfront Community Fully Renovated ia i Beach aterfront Co unity 28UnitsFullyApproved&ShovelReady inSurfside

± 28,369 TOTAL LAND SF

± 28,369 OTAL LAND SF

30 UNITS

27 UNITS 27 UNITS

11 UNITS 11 UNITS

PROPERTY DETAIL

APPROVED PROJECT 28 Units

APPROVED PROJECT 28 Units

1958 BUILT 2014 RENOVATED 630 AVG UNIT SF 194 YEAR BUILT 55 AVG UNIT SF 6,052 RENTABLE SF 1940 YEAR BUILT 550 AVG UNIT SF 6,052 RENTABLE SF $2,100,000 LISTING PRICE 18,890 RENTABLE SF $1,290 AVG MKT RENT Miami Beach, FL 6905-6921RUEVENDOME,33141 $6,000,000 LISTING PRICE $1,150 AVG MKT RENT Miami Beach, FL 7130 RUE VERSAILLES, 33141 $2,100,00 LISTING PRICE $1,150 AVG MKT RENT Miami Bea , 7130 RUE VERSAILLES, 33141

17,478 RENTABLE SF 17,478 RENTABLE SF

± 0.65 ACRES

1950 BUILT 2014 RENOVATED 647 AVG UNIT SF $5,535,000 LISTING PRICE 1950 BUILT 2014 RENOVATED 647 AVG UNIT SF $5,535,000 LISTING PRICE ± 28,369 TOTALLANDSF Multifamily, Townhouse,Hotel ALLOWABLEUSES $1,300 AVG MKT RENT $1,300 AVG MKT RENT 65Res.Units | 75Hotel Rooms ALLOWEDDENSITY

Surfside, FL 8800 COLLINS AVENUE, 33154 65 Res. Units | 75 Hotel Rooms ALLOWED DENSITY Multifamily, Townhouse, Hotel ALLOWABLE USES

$1.86 AVG MKT RENT/SF $1.86 AVG MKT RENT/SF Surfside, FL 8800 COLLINS AVENUE, 33154 65 Res. Units | 75 Hotel Rooms ALLOWED DENSITY Multifamily, Townhouse, Hotel ALLOWABLE USES

APPROVED PROJECT 28 Units

$2.05 AVG MKT RENT/SF $2.09 AVG MKT RENT/SF $2.09 AVG MKT RENT/SF

88 HUNDRED COLLINS 8 HUNDRED COL INS

925-965 MARSEILLE DRIVE 925-965 MARSEILLE DRIVE 88 HUNDRED COLLINS

6905-6921 RUE VENDOME 7130 RUE VERSAILLES 7130 RUE VERSAILL S

Miami Beach, FL 925-965MARSEILLEDRIVE,33141 Miami Beach, FL 925-965MARSEILLEDRIVE,33141 Surfside, FL 8800COLLINSAVENUE,33154

A Renovated Community in Miami Beach A Renovated Community in Miami Beach

A Fully Renovated Miami Beach Waterfront Community CONTACT THE SOUTH FLORIDA MULTIFAMILY TEAM CONTAC THE SOUTH FLORIDA MULTIFAMILY TEAM

CONTACT THE SOUTH FLORIDA MULTIFAMILY TEAM

PRIVATE CAPITAL GROUP

INSTITUTIONAL GROUP

DEBT, EQUITY & STRUCTURED FINANCE

ROBERT GIVEN VICE CHAIRMAN +1 954 377 0513 robert.given@cushwake.com

CALUM WEAVER (LEAD) EXECUTIVE MANAGING DIRECTOR +1 954 377 0517 calum.weaver@cushwake.com PERRY SYNANIDIS SENIOR FINANCIAL ANALYST +1 954 377 0521 perry.synanidis@cushwake.com

11 UNITS 11 UNITS ROBERT KAPLAN EXECUTIVE MANAGING DIRECTOR +1 305 533 2860 robert.kaplan@cushwake.com

INSTITUTIONAL GROUP

INSTI UTIONAL GROUP

DEBT, EQUITY & STRUCTURED FINANCE DEBT, EQUITY & STRUCTURED FI ANCE

PROPERTY DETAIL PROP RTY DETAIL

27 UNITS

17,478 RENTABLE SF ROBERT GIVEN VICE CHAIRMAN +1 954 377 0513 robert.given@cushwake.com ROBERT GIVEN VICE CHAIRMAN +1 954 377 0513 robert.given@cushwake.com ± 0.65 ACRES ± 0.65 ACRES

CALUM WEAVER (LEAD) EXECUTIVE MANAGING DIRECTOR +1 954 377 0517 calum.weaver@cushwake.com CALUM WEAVER (LEAD) XECUTIVE M NAGING DIRECTOR +1 954 377 0517 calum.weaver@cushwake.com

ZACHARY SACKLEY EXECUTIVE MANAGING DIRECTOR +1 954 332 2391 zachary.sackley@cushwake.com ROBERT KAPLAN EXECUTIVE MANAGING DIRECTO +1 305 533 2860 robert.kapl n@cushwake.com ROBERT KAPLAN XECUTIVE MANAGING DIRECTOR +1 305 533 2860 robert.k plan@cushwake.com

1940 YEAR BUILT 550 AVG UNIT SF 6,052 RENTABLE SF 1940 YEAR BUILT 550 AVG UNIT SF 6,052 RENTABLE SF

CHRIS LENTZ SENIOR DIRECTOR +1 305 533 2865 chris.lentz@cushwake.com

± 28,369 TOTALLANDSF ± 28,369 TOTALLANDSF

1950 BUILT 2014 RENOVATED 647 AVG UNIT SF $5,535,000 LISTING PRICE ZACHARY SACKLEY EXECUTIVE MANAGING DIRECTOR +1 954 332 2391 zachary.sackley@cushwake.com TROY BALLARD MANAGING DIRECTOR +1 954 377 0514 troy.ballard@cushwake.com ZACHARY SACKLEY XECUTIVE M NAGING DIRECTOR +1 954 332 2391 zachary.sackley@c shwake.com TROY BALLARD M NAGING DIRECTOR +1 954 377 0514 troy.b llard@cushwake.com $1.86 AVG MKT RENT/SF $1,300 AVG MKT RENT Surfside, FL 8800COLLINSAVENUE,33154 65 Res. Units | 75 Hotel Rooms ALLOWEDDENSITY Multifamily, Townhouse, Hotel ALLOWABLEUSES Surfside, FL 8800COLLINSAVENUE,33154 65 R s. Units | 75 Hotel Rooms ALLOWEDDENSITY M ltifamily, Townhouse, Hotel ALLOWABLEUSES APPROVED PROJECT 28 Units APPROVED PROJECT 28 Units Miami Beach, FL 925-965MARSEILLEDRIVE,33141

TROY BALLARD MANAGING DIRECTOR +1 954 377 0514 troy.ballard@cushwake.com CHRIS LENTZ SENIOR DIRECTOR +1 305 533 2865 chris.lentz@cushwake.com

PERRY SYNAN DIS SENIOR FI ANCIAL NALYST +1 954 377 0521 perr .sy anidis@cushwake.com

CHRIS LENTZ SENIOR DIRECTOR +1 305 533 2865 chris.lentz@cushwake.com

$2.09 AVG MKT RENT/SF $1,150 AVG MKT RENT Miami Beach, FL 7130 RUE VERSAILLES, 33141 $2,100,000 LISTING PRICE $2.09 AVG MKT RENT/SF $1,150 AVG MKT RENT Miami Beach, FL 7130 RUE VERSAILLES, 33141 $2,100,000 LISTING PRICE

7130 RUE VERSAILLES 7130 RUE VERSAILLES

88 HUNDRED COLLINS 88 HUNDR D COLLINS

925-965 MARSEILLE DRIVE

28 Units Fully Approved & Shovel Ready in Surfside