Real Estate Investments Statistics (Tables)

3 Months Ended

Mar. 31, 2019

Summary of Investment in Multifamily Properties

As of March 31, 2019, the Company was invested in a total of 38 multifamily properties, as listed below:

							Average Effective Monthly Rent Per Unit (1) as of					% Occupied (2) as of
Property Name		Rentable Square Footage (in thousands)		Number of Units		Date Acquired	March 31, 2019		December 31, 2018			March 31, 2019			December 31, 2018
Arbors on Forest Ridge			155	210		1/31/2014	$	868	$	870			94.8	%		95.2	%
Cutter's Point			198	196		1/31/2014		1,117		1,109			93.9	%		95.4	%
Eagle Crest			396	447		1/31/2014		932		922			94.0	%		94.9	%
Silverbrook			526	642		1/31/2014		848		835			94.9	%		94.9	%
Edgewater at Sandy Springs			727	760		7/18/2014		964		950			93.2	%		94.1	%
Beechwood Terrace			272	300		7/21/2014		935		933			93.0	%		93.7	%
Willow Grove			229	244		7/21/2014		981		960			94.7	%		95.1	%
Woodbridge			247	220		7/21/2014		1,039		1,028			90.9	%		94.1	%
Abbington Heights			239	274		8/1/2014		878		889			90.9	%		92.0	%
The Summit at Sabal Park			205	252		8/20/2014		959		955			93.7	%		94.4	%
Courtney Cove			225	324		8/20/2014		907		895			93.5	%		95.7	%
Radbourne Lake			247	225		9/30/2014		1,094		1,082			96.0	%		96.0	%
Timber Creek			248	352		9/30/2014		857		847			94.6	%		92.6	%
Belmont at Duck Creek			198	240		9/30/2014		1,040		1,030			95.4	%		92.1	%
Sabal Palm at Lake Buena Vista			371	400		11/5/2014		1,262		1,255			96.0	%		96.5	%
Southpoint Reserve at Stoney Creek	(3)		116	156		12/18/2014		1,107		1,093			95.5	%		98.1	%
Cornerstone			318	430		1/15/2015		1,029		1,007			93.0	%		94.2	%
The Preserve at Terrell Mill			692	752		2/6/2015		936		921			92.2	%		94.8	%
The Ashlar			206	264		2/26/2015		864		859			89.8	%		94.3	%
Heatherstone			116	152		2/26/2015		862		874			90.1	%		94.7	%
Versailles			301	388		2/26/2015		892		884			91.0	%		96.4	%
Seasons 704 Apartments			217	222		4/15/2015		1,130		1,130			95.5	%		96.8	%
Madera Point			193	256		8/5/2015		880		866			97.3	%		94.5	%
The Pointe at the Foothills			473	528		8/5/2015		882		859			95.5	%		95.1	%
Venue at 8651			289	333		10/30/2015		882		875			93.7	%		92.8	%
Parc500			266	217		7/27/2016		1,265		1,254			96.3	%		94.9	%
The Colonnade			256	415		10/11/2016		728		719			91.6	%		93.3	%
Old Farm			697	734		12/29/2016		1,172		1,176			91.8	%		92.9	%
Stone Creek at Old Farm			186	190		12/29/2016		1,181		1,173			96.8	%		96.8	%
Hollister Place			246	260		2/1/2017		990		984			91.2	%		93.5	%
Rockledge Apartments			802	708		6/30/2017		1,205		1,186			94.6	%		94.6	%
Atera Apartments			334	380		10/25/2017		1,233		1,232			93.4	%		97.4	%
Cedar Pointe			224	210		8/24/2018		1,050		1,051			92.9	%		95.7	%
Crestmont Reserve			199	242		9/26/2018		911		914			90.1	%		94.6	%
Brandywine I & II			414	632		9/26/2018		965		957			93.0	%		93.8	%
Bella Vista			243	248		1/28/2019		1,218		—	(4)		94.8	%		—		(4)
The Enclave			194	204		1/28/2019		1,261		—	(4)		97.1	%		—		(4)
The Heritage			199	204		1/28/2019		1,233		—	(4)		96.6	%		—		(4)
			11,664		13,211

(1)

Average effective monthly rent per unit is equal to the average of the contractual rent for commenced leases as of March 31, 2019 and December 31, 2018, respectively, minus any tenant concessions over the term of the lease, divided by the number of units under commenced leases as of March 31, 2019 and December 31, 2018, respectively.

(2)	Percent occupied is calculated as the number of units occupied as of March 31, 2019 and December 31, 2018, divided by the total number of units, expressed as a percentage.

(3)	Property was classified as held for sale as of March 31, 2019.

(4)	Properties were acquired in 2019.