1San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com

©

S A N D I E G O M U L T I F A M I L Y C O N S T R U C T I O N P I P E L I N EQ 2 2 0 1 9

V i s i t o u r i n t e r a c t i v e c o n s t r u c t i o n p i p e l i n e a t : a b i m f . c o m / r e p o r t / s a n d i e g o - c o n s t r u c t i o n - p i p e l i n e

PATRICK J. DOYLE, CCIM PARTNER

CA DRE Broker

858.256.7690patrick.doyle@abimultifamily.com#01162107

ERIC TURNERSR VICE PRESIDENT

CA DRE Broker

858.256.7691eric.turner@abimultifamily.com#01387179

2San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 2

T O T A L U N I T I N V E N T O R Y

5 + U N I T P R O P E R T I E S : 2 7 9 , 6 1 5

5 0 + U N I T P R O P E R T I E S : 1 8 4 , 3 6 0

S A N D I E G O M U L T I F A M I L Y C O N S T R U C T I O N P I P E L I N EQ 2 2 0 1 9©

50+ UNIT PROPERTIES | Q2 2019 TRANSACTIONS BY YEAR BUILTAvg

Price/UnitAvg

Price/SF# of

Transactions

2010+ $398K $477 1

2000-09 - - - - - -

1990-99 - - - - - -

1980-89 $225K $323 2

Pre-1980 $231K $299 1

5-49 UNIT PROPERTIES | Q2 2019 TRANSACTIONS BY YEAR BUILT

Avg Price/Unit

Avg Price/SF

# of Transactions

2010+ $346K $314 3

2000-09 $262K $307 2

1990-99 $219K $278 1

1980-89 $231K $302 19

Pre-1980 $272K $355 55

3San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 3

S A N D I E G O M U L T I F A M I L Y C O N S T R U C T I O N P I P E L I N EQ 2 2 0 1 9©

SAN DIEGO MSA CONSTRUCTION PIPELINE

SNAPSTATQ2 2019

Under Construction

Recently Completed

Planned

View our interactive construction pipeline map at:abimf.com/report/sandiego-construction-pipeline

https://abimf.com/report/sandiego-construction-pipeline

4San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 4

S A N D I E G O M U L T I F A M I L Y C O N S T R U C T I O N P I P E L I N EQ 2 2 0 1 9©

T O T A L U N I T I N V E N T O R Y

P E R S U B M A R K E T5 0 + U n i t P r o p e r t i e s

M E T R O S A N D I E G O90 ,558

S O U T H B AY29 ,179

E A S T C O U N T Y25 ,032

N O R T H C O U N T Y C O A S TA L17 ,730

N O R T H C O U N T Y I N L A N D29 ,924

RECENTLY COMPLETED (BY # OF UNITS – Q2 ONLY) *

- -

- -

- -

309

- -

North County Inland

North County Coastal

East County

South Bay

Metro San Diego

UNDER CONSTRUCTION (BY # OF UNITS)

292

601

97

599

5,874

North County Inland

North County Coastal

East County

South Bay

Metro San Diego

PLANNED (BY # OF UNITS)

1,097

773

588

757

3,202

North County Inland

North County Coastal

East County

South Bay

Metro San Diego

* Project Units Delivered. Based on when total projects are delivered, not as individual buildings/units are delivered

PER SUBMARKET ANALYSIS OF SAN DIEGO MSA

5San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 5

Recently Completed(Q2 2019)

Total # of Units: 309

Total # of Properties: 1

S A N D I E G O M U L T I F A M I L Y C O N S T R U C T I O N P I P E L I N EQ 2 2 0 1 9©

1. Alexan Millenia | 309 Units

6San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 6

R E C E N T L Y C O M P L E T E D ( 5 0 + U N I T P R O P E R T I E S )

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Address Units Completion Date Developer

1 Alexan Millenia 1660 Metro Avenue 309 5/30/2019 Trammell Crow Residential

RECENTLY COMPLETED (Q2 ONLY) 309

2019 COMPLETED (YTD) 904

Property Name

Sheet1

Property NameAddressUnitsCompletion DateDeveloper

1Alexan Millenia1660 Metro Avenue3095/30/19Trammell Crow Residential

RECENTLY COMPLETED (Q2 ONLY)309

2019 COMPLETED (YTD)904

Sheet2

Sheet3

7San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 7

Under ConstructionTotal # of Units: 8,770

Total # of Properties: 44

S A N D I E G O M U L T I F A M I L Y C O N S T R U C T I O N P I P E L I N EQ 2 2 0 1 9©

8San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 8

U N D E R C O N S T R U C T I O N ( 5 0 + U N I T P R O P E R T I E S )

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Address Units Permit Date Developer

1 National City 715 South V Avenue 50 6/12/2018 Bin Chen, Wei

2 Salt 371 North Cleveland Street 52 8/1/2018 Brooks Street

3 Alpha Lofts 3808 El Cajon Blvd 53 4/1/2018 Chelsea Investment

4 Veterans Village 1540 South Escondido Blvd 54 6/30/2017 Veterans Village of San Diego

5 Schmale Family Senior 430 16th Street 62 9/4/2018 Chelsea Investment

6 Encanto Village 6317 Imperial Avenue 66 7/1/2018 National Community Renaissance

7 Block C Phase II 250 North City Drive 66 9/14/2018 Sea Breeze Properties

8 Villa Encantada 505 62nd Street 67 2/23/2017 AMCAL Multi-Housing

9 Cornerstone Place 230 South Sunshine Avenue 70 12/27/2017 Domus Development

10 915 Grape 915 West Grape Street 70 3/24/2019 Ibex Limited

11 New Palace Hotel Redevelopment 1814 5th Avenue 80 6/30/2017 Housing Development Partners

12 Bluewater 6121 Fairmount Avenue 80 3/1/2018 Affirmed Housing Group

13 Stella, The 4304 Twain Avenue 80 3/1/2018 Affirmed Housing Group

14 Zephyr 4380 Alvarado Canyon Road 84 12/4/2017 Affirmed Housing Group

15 Breeze Hill 631 South Melrose Drive 88 5/5/2018 Pathfinder Partners

16 Paradise Creek Phase II 2120 Hoover Avenue 92 1/1/2017 Community HousingWorks

17 F11 1110 F Street 99 6/1/2016 Richman Group of Companies, The

18 Valentina by Alta 1919 Pacific Hwy 110 6/1/2017 Wood Partners

19 Anden 152 North Twin Oaks Valley Road 118 6/1/2018 ColRich Multifamily

20 Sereno 930 3rd Avenue 120 3/31/2017 AAA Management

Property Name

Sheet1

Property NameAddressUnitsPermit DateDeveloper

1National City715 South V Avenue506/12/18Bin Chen, Wei

2Salt371 North Cleveland Street528/1/18Brooks Street

3Alpha Lofts3808 El Cajon Blvd534/1/18Chelsea Investment

4Veterans Village1540 South Escondido Blvd546/30/17Veterans Village of San Diego

5Schmale Family Senior430 16th Street629/4/18Chelsea Investment

6Encanto Village6317 Imperial Avenue667/1/18National Community Renaissance

7Block C Phase II250 North City Drive669/14/18Sea Breeze Properties

8Villa Encantada505 62nd Street672/23/17AMCAL Multi-Housing

9Cornerstone Place230 South Sunshine Avenue7012/27/17Domus Development

10915 Grape915 West Grape Street703/24/19Ibex Limited

11New Palace Hotel Redevelopment1814 5th Avenue806/30/17Housing Development Partners

12Bluewater6121 Fairmount Avenue803/1/18Affirmed Housing Group

13Stella, The4304 Twain Avenue803/1/18Affirmed Housing Group

14Zephyr4380 Alvarado Canyon Road8412/4/17Affirmed Housing Group

15Breeze Hill631 South Melrose Drive885/5/18Pathfinder Partners

16Paradise Creek Phase II2120 Hoover Avenue921/1/17Community HousingWorks

17F111110 F Street996/1/16Richman Group of Companies, The

18Valentina by Alta1919 Pacific Hwy1106/1/17Wood Partners

19Anden152 North Twin Oaks Valley Road1186/1/18ColRich Multifamily

20Sereno930 3rd Avenue1203/31/17AAA Management

211919 Pacific Hwy1919 Pacific Hwy, San Diego, CA 921011106/1/17Wood Partners

22Pierside SouthNorth Cleveland Street & Mission Avenue, Oceanside, CA 920541104/1/17GF Properties Group

23Lux UTC4200 Brooke Court, San Diego, CA 9212211512/1/15Garden Communities

2413th & CC Street & 13th Street, San Diego, CA 921011175/1/16Willmark Communities

25Broadstone North Park4220 Arizona Street, San Diego, CA 921041182/1/17Alliance Residential Company

26Sereno930 3rd Avenue, Chula Vista, CA 919111192/17/16AAA/Xpera

27Urbana393 H Street, Chula Vista, CA 919101356/20/18MountainWest Real Estate

28BLVD, The2030 El Cajon Blvd, San Diego, CA 921041653/1/17H.G. Fenton Company

294th & J372 4th Avenue, San Diego, CA 921011682/10/18Legacy Partners/Resmark

30Jefferson Pacific Beach4275 Mission Bay Drive, San Diego, CA 9210917210/1/17JPI

31Luma520 West Ash Street, San Diego, CA 9210122011/1/16Lennar Multifamily Communities

32K1 Mixed-Use330 13th Street, San Diego, CA 921262264/10/17Richman Group of Companies, The

33625 Broadway625 Broadway, San Diego, CA 9210123210/1/17Hammer Development

34Vive on the Park Phase II4855 Ariva Way, San Diego, CA 9212324812/1/16Sunroad Enterprises

35Sola13385 Highlands Place, San Diego, CA 921302527/1/16Wermers Properties/R & V Management

36Alexan EsplanadeSolstice Avenue & Strata Street, Chula Vista, CA 919152533/1/18Trammell Crow Residential

37Montecito @ Carlsbad2510 West Ranch Street, Carlsbad, CA 9201026311/1/16Shapell Investments

38Broadstone Makers QuarterSWC 16th Street & Broadway, San Diego, CA 921012654/11/16Alliance Residential Company

39Marisol3251 Marisol Place, Carlsbad, CA 920102785/1/17Lennar Multifamily Communities

40Westfield UTC8650 Genesee Avenue, San Diego, CA 9212230010/1/17Westfield Corporation

41Siena and Stylus @ CivitaCivita Blvd & Via Alta, San Diego, CA 921083064/18/18Sudberry/Chelsea Investment

42Alexan Millenia1660 Metro Avenue, Chula Vista, CA 919153098/22/16Trammell Crow Residential

43Park Blvd & Market StreetMarket Street & Park Blvd, San Diego, CA 9210142612/1/17Holland Partners/Civic San Diego

44PurlCivita Blvd & Russell Pkwy, San Diego, CA 921084344/1/18Sudberry Properties

45Pinnacle on the Park Phase II424 15th Street, San Diego, CA 921014727/1/16Pinnacle International

46One Paseo3275 Del Mar Heights Road, San Diego, CA 921306087/12/18Kilroy Realty

47Park 12 - The Collection202 Park Blvd, San Diego, CA 921017181/1/16Greystar/JMI Realty

48

49

50

51

52

53

54

55

56

57

58

59

60

61

TOTAL (UNDER CONSTRUCTION)8,700

TOTAL8,700

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Sheet3

9San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 9

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U N D E R C O N S T R U C T I O N ( 5 0 + U N I T P R O P E R T I E S )

Address Units Permit Date Developer

21 Escondido Gateway Grand 700 West Grand Avenue 126 11/1/2018 Integral Communities

22 StreetLights at Vista 100 Main Street 126 3/29/2019 StreetLights Residential

23 Urbana 393 H Street 135 6/20/2018 MountainWest Real Estate

24 Paseo La Paz 160 West Seaward Avenue 137 10/31/2018 Chelsea Investment

25 Strauss Fifth Avenue 3534 5th Avenue 141 3/1/2018 Strat Property

26 BLVD North Park 2020 El Cajon Blvd 165 3/1/2017 H.G. Fenton Company

27 4th + J 372 4th Avenue 168 2/10/2018 Legacy Partners

28 Jefferson Pacific Beach 4275 Mission Bay Drive 172 10/1/2017 JPI

29 K1 330 13th Street 226 9/1/2017 Richman Group of Companies, The

30 625 Broadway 625 Broadway 232 10/1/2017 Hammer Development

31 Vive on the Park Phase II 8725 Ariva Court 248 12/1/2016 Sunroad Enterprises

32 Alexan Rivue Solstice Avenue & Strata Street 253 3/1/2018 Trammell Crow Residential

33 Montecito Apartments at Carlsbad 2510 West Ranch Street 263 11/1/2016 Shapell Investments

34 Escaya SWC Heritage Road & Paseo Cultura 273 11/18/2018 Homefed Corporation

35 Marisol 3251 Marisol Place 278 5/1/2017 Lennar Multifamily Communities

36 Palisade at Westfield UTC 8800 Lombard Place 300 10/1/2017 Westfield

37 Stylus and Siena Civita Blvd & Via Alta 306 9/26/2018 Chelsea Investment

38 Hanover Mission Valley 6161 Fairmount Avenue 385 2/1/2018 Hanover Company, The

39 Park & Market Market Street & Park Blvd 426 12/1/2017 Holland Partners

40 Purl Civita Blvd & Russell Pkwy 434 4/1/2018 Sudberry Properties

Property Name

Sheet1

Property NameAddressUnitsPermit DateDeveloper

1Promenade at Creekside Phase II5 Creekside Place, San Marcos, CA 92078509/1/17Opportune Companies

2Vista Del Puente1510 South 40th Street, San Diego, CA 921135212/31/17National Community Renaissance

3Lofts at Normal Heights, The3808 El Cajon Blvd, San Diego, CA 92105534/1/18Chelsea Investment

4Outpost13247 Poway Road, Poway, CA 92064539/5/18Capexco

5Veterans Village1556 South Escondido Blvd, Escondido, CA 92025546/30/17Chelsea Investment

6Mission Cove Family Phase II3200 Mission Avenue, Oceanside, CA 920586010/1/16National Community Renaissance

7Schmale Family Senior430 16th Street, Ramona, CA 92065629/4/18Chelsea Investment

8Encanto Village6317 Imperial Avenue, San Diego, CA 92114667/1/18National Community Renaissance

9Villa Encantada505 62nd Street, San Diego, CA 92114672/23/17AMCAL Multi-Housing

10915 Grape915 West Grape Street, San Diego, CA 921017012/1/17Ibex Limited

11Cornerstone Place230 South Sunshine Avenue, El Cajon, CA 920207012/27/17Domus Development

12Bluewater6121 Fairmount Avenue, San Diego, CA 92120803/1/18Affirmed Housing Group

13Stella4304 Twain Avenue, San Diego, CA 92120803/1/18Affirmed Housing Group

14New Palace Hotel Redevelopment1814 5th Avenue, San Diego, CA 92101806/30/17Housing Development Partners

15Driftwood3239 Kemper Street, San Diego, CA 92110813/1/17Veritas Urban Properties

16Zephry4370 Alvarado Canyon, San Diego, CA 921208412/4/17Affirmed Housing Group

17Paradise Creek Phase II2120 Hoover Avenue, National City, CA 91950921/1/17Community HousingWorks

18Vici550 West Date Street, San Diego, CA 92101984/1/16H.G. Fenton Company

19F11812 Park Blvd, San Diego, CA 92101996/1/16Richman Group of Companies, The

20Portola Senior Living @ Robertson Ranch2600 Gage Drive, Carlsbad, CA 9201010110/31/17Shapell Investments

21Escondido Gateway Grand700 West Grand Avenue12611/1/18Integral Communities

22StreetLights at Vista100 Main Street1263/29/19StreetLights Residential

23Urbana393 H Street1356/20/18MountainWest Real Estate

24Paseo La Paz160 West Seaward Avenue13710/31/18Chelsea Investment

25Strauss Fifth Avenue3534 5th Avenue1413/1/18Strat Property

26BLVD North Park2020 El Cajon Blvd1653/1/17H.G. Fenton Company

274th + J372 4th Avenue1682/10/18Legacy Partners

28Jefferson Pacific Beach4275 Mission Bay Drive17210/1/17JPI

29K1330 13th Street2269/1/17Richman Group of Companies, The

30625 Broadway625 Broadway23210/1/17Hammer Development

31Vive on the Park Phase II8725 Ariva Court24812/1/16Sunroad Enterprises

32Alexan RivueSolstice Avenue & Strata Street2533/1/18Trammell Crow Residential

33Montecito Apartments at Carlsbad2510 West Ranch Street26311/1/16Shapell Investments

34EscayaSWC Heritage Road & Paseo Cultura27311/18/18Homefed Corporation

35Marisol3251 Marisol Place2785/1/17Lennar Multifamily Communities

36Palisade at Westfield UTC8800 Lombard Place30010/1/17Westfield

37Stylus and SienaCivita Blvd & Via Alta3069/26/18Chelsea Investment

38Hanover Mission Valley6161 Fairmount Avenue3852/1/18Hanover Company, The

39Park & MarketMarket Street & Park Blvd42612/1/17Holland Partners

40PurlCivita Blvd & Russell Pkwy4344/1/18Sudberry Properties

41Siena and Stylus @ CivitaCivita Blvd & Via Alta, San Diego, CA 921083064/18/18Sudberry/Chelsea Investment

42Alexan Millenia1660 Metro Avenue, Chula Vista, CA 919153098/22/16Trammell Crow Residential

43Park Blvd & Market StreetMarket Street & Park Blvd, San Diego, CA 9210142612/1/17Holland Partners/Civic San Diego

44PurlCivita Blvd & Russell Pkwy, San Diego, CA 921084344/1/18Sudberry Properties

45Pinnacle on the Park Phase II424 15th Street, San Diego, CA 921014727/1/16Pinnacle International

46One Paseo3275 Del Mar Heights Road, San Diego, CA 921306087/12/18Kilroy Realty

47Park 12 - The Collection202 Park Blvd, San Diego, CA 921017181/1/16Greystar/JMI Realty

48

49

50

51

52

53

54

55

56

57

58

59

60

61

TOTAL (UNDER CONSTRUCTION)9,519

TOTAL9,519

Sheet2

Sheet3

10San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 10

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U N D E R C O N S T R U C T I O N ( 5 0 + U N I T P R O P E R T I E S )

Address Units Permit Date Developer

41 Pinnacle on the Park Phase II 424 15th Street 472 7/1/2016 Pinnacle International

42 One Paseo Living 3200 Paseo Village Way 608 7/12/2018 Kilroy Realty

43 Block, The 710 Broadway 617 11/30/2018 Bosa Development

44 Park 12 - the Collection 100 Park Plaza 718 1/1/2016 Greystar

TOTAL (UNDER CONSTRUCTION) 8,770

Property Name

Sheet1

Property NameAddressUnitsPermit DateDeveloper

1Promenade at Creekside Phase II5 Creekside Place, San Marcos, CA 92078509/1/17Opportune Companies

2Vista Del Puente1510 South 40th Street, San Diego, CA 921135212/31/17National Community Renaissance

3Lofts at Normal Heights, The3808 El Cajon Blvd, San Diego, CA 92105534/1/18Chelsea Investment

4Outpost13247 Poway Road, Poway, CA 92064539/5/18Capexco

5Veterans Village1556 South Escondido Blvd, Escondido, CA 92025546/30/17Chelsea Investment

6Mission Cove Family Phase II3200 Mission Avenue, Oceanside, CA 920586010/1/16National Community Renaissance

7Schmale Family Senior430 16th Street, Ramona, CA 92065629/4/18Chelsea Investment

8Encanto Village6317 Imperial Avenue, San Diego, CA 92114667/1/18National Community Renaissance

9Villa Encantada505 62nd Street, San Diego, CA 92114672/23/17AMCAL Multi-Housing

10915 Grape915 West Grape Street, San Diego, CA 921017012/1/17Ibex Limited

11Cornerstone Place230 South Sunshine Avenue, El Cajon, CA 920207012/27/17Domus Development

12Bluewater6121 Fairmount Avenue, San Diego, CA 92120803/1/18Affirmed Housing Group

13Stella4304 Twain Avenue, San Diego, CA 92120803/1/18Affirmed Housing Group

14New Palace Hotel Redevelopment1814 5th Avenue, San Diego, CA 92101806/30/17Housing Development Partners

15Driftwood3239 Kemper Street, San Diego, CA 92110813/1/17Veritas Urban Properties

16Zephry4370 Alvarado Canyon, San Diego, CA 921208412/4/17Affirmed Housing Group

17Paradise Creek Phase II2120 Hoover Avenue, National City, CA 91950921/1/17Community HousingWorks

18Vici550 West Date Street, San Diego, CA 92101984/1/16H.G. Fenton Company

19F11812 Park Blvd, San Diego, CA 92101996/1/16Richman Group of Companies, The

20Portola Senior Living @ Robertson Ranch2600 Gage Drive, Carlsbad, CA 9201010110/31/17Shapell Investments

211919 Pacific Hwy1919 Pacific Hwy, San Diego, CA 921011106/1/17Wood Partners

22Pierside SouthNorth Cleveland Street & Mission Avenue, Oceanside, CA 920541104/1/17GF Properties Group

23Lux UTC4200 Brooke Court, San Diego, CA 9212211512/1/15Garden Communities

2413th & CC Street & 13th Street, San Diego, CA 921011175/1/16Willmark Communities

25Broadstone North Park4220 Arizona Street, San Diego, CA 921041182/1/17Alliance Residential Company

26Sereno930 3rd Avenue, Chula Vista, CA 919111192/17/16AAA/Xpera

27Urbana393 H Street, Chula Vista, CA 919101356/20/18MountainWest Real Estate

28BLVD, The2030 El Cajon Blvd, San Diego, CA 921041653/1/17H.G. Fenton Company

294th & J372 4th Avenue, San Diego, CA 921011682/10/18Legacy Partners/Resmark

30Jefferson Pacific Beach4275 Mission Bay Drive, San Diego, CA 9210917210/1/17JPI

31Luma520 West Ash Street, San Diego, CA 9210122011/1/16Lennar Multifamily Communities

32K1 Mixed-Use330 13th Street, San Diego, CA 921262264/10/17Richman Group of Companies, The

33625 Broadway625 Broadway, San Diego, CA 9210123210/1/17Hammer Development

34Vive on the Park Phase II4855 Ariva Way, San Diego, CA 9212324812/1/16Sunroad Enterprises

35Sola13385 Highlands Place, San Diego, CA 921302527/1/16Wermers Properties/R & V Management

36Alexan EsplanadeSolstice Avenue & Strata Street, Chula Vista, CA 919152533/1/18Trammell Crow Residential

37Montecito @ Carlsbad2510 West Ranch Street, Carlsbad, CA 9201026311/1/16Shapell Investments

38Broadstone Makers QuarterSWC 16th Street & Broadway, San Diego, CA 921012654/11/16Alliance Residential Company

39Marisol3251 Marisol Place, Carlsbad, CA 920102785/1/17Lennar Multifamily Communities

40Westfield UTC8650 Genesee Avenue, San Diego, CA 9212230010/1/17Westfield Corporation

41Pinnacle on the Park Phase II424 15th Street4727/1/16Pinnacle International

42One Paseo Living3200 Paseo Village Way6087/12/18Kilroy Realty

43Block, The710 Broadway61711/30/18Bosa Development

44Park 12 - the Collection100 Park Plaza7181/1/16Greystar

59

TOTAL (UNDER CONSTRUCTION)8,770

Sheet2

Sheet3

11San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 11

S A N D I E G O M U L T I F A M I L Y C O N S T R U C T I O N P I P E L I N EQ 2 2 0 1 9©

PLANNED(50+ UNIT PROPERT IES)

PlannedTotal # of Units: 8,085

Total # of Properties: 39

12San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 12

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P L A N N E D ( 5 0 + U N I T P R O P E R T I E S )

©

Address Units Status Developer

1 San Ysidro Senior Village 517 West San Ysidro Blvd 50 Planned National Community Renaissance

2 Outpost 13247 Poway Road 53 Planned Capexco

3 Park Blvd 3922 Park Blvd 58 Planned DiversyFund

4 University Avenue Manor 5556 University Avenue 63 Planned USS Cal Builders

5 Palm Avenue Transitional Housing 1788 Palm Avenue 70 Planned City of San Diego

6 Keeler Court 1290 Keeler Court 71 Planned Community HousingWorks

7 Front Street & West Beech Street SEC West Beech Street & Front Street 78 Planned Affirmed Housing Group

8 Grove, The 815 Civic Center Drive 81 Planned Wakeland Housing & Development

9 University City Village Phase III Governor Drive & Gullstrand Street 81 Planned Willmark Communities

10 Villa Serena Redevelopment 340 Marcos Street 85 Planned National Community Renaissance

11 Link, The 707 17th Street 88 Planned Affirmed Housing Group

12 Belvedere, The 901 Mission Avenue 90 Planned Amidi Real Estate Group

13 Taylor Street Old Taylor Street & East Vista Way 90 Planned Advanced Builders Properties

14 Hollywood Palms Phase II 4372 Home Avenue 93 Planned Affirmed Housing Group

15 Cannon Road Senior SEC Cannon Road & Wind Trail Way 98 Planned Brookfield Residential

16 Carlsbad Village Lofts 1044 Carlsbad Village Drive 106 Planned Wermers Properties

17 El Dorado Redevelopment 331 Richmar Avenue 120 Planned Orange Housing Development

18 Camden Hillcrest 4311 Third Avenue 125 Planned Camden Property Trust

19 Columbia & Hawthorn Columbia Street & Hawthorn Street 125 Planned Willmark Communities

20 Montezuma 6213 Montezuma Road 128 Planned Prime Place

Property Name

Sheet1

Property NameAddressUnitsStatusDeveloper

1San Ysidro Senior Village517 West San Ysidro Blvd50PlannedNational Community Renaissance

2Outpost13247 Poway Road53PlannedCapexco

3Park Blvd3922 Park Blvd58PlannedDiversyFund

4University Avenue Manor5556 University Avenue63PlannedUSS Cal Builders

5Palm Avenue Transitional Housing1788 Palm Avenue70PlannedCity of San Diego

6Keeler Court1290 Keeler Court71PlannedCommunity HousingWorks

7Front Street & West Beech StreetSEC West Beech Street & Front Street78PlannedAffirmed Housing Group

8Grove, The815 Civic Center Drive81PlannedWakeland Housing & Development

9University City Village Phase IIIGovernor Drive & Gullstrand Street81PlannedWillmark Communities

10Villa Serena Redevelopment340 Marcos Street85PlannedNational Community Renaissance

11Link, The707 17th Street88PlannedAffirmed Housing Group

12Belvedere, The901 Mission Avenue90PlannedAmidi Real Estate Group

13Taylor StreetOld Taylor Street & East Vista Way90PlannedAdvanced Builders Properties

14Hollywood Palms Phase II4372 Home Avenue93PlannedAffirmed Housing Group

15Cannon Road SeniorSEC Cannon Road & Wind Trail Way98PlannedBrookfield Residential

16Carlsbad Village Lofts1044 Carlsbad Village Drive106PlannedWermers Properties

17El Dorado Redevelopment331 Richmar Avenue120PlannedOrange Housing Development

18Camden Hillcrest4311 Third Avenue125PlannedCamden Property Trust

19Columbia & HawthornColumbia Street & Hawthorn Street125PlannedWillmark Communities

20Montezuma6213 Montezuma Road128PlannedPrime Place

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13San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 13

S A N D I E G O M U L T I F A M I L Y C O N S T R U C T I O N P I P E L I N EQ 2 2 0 1 9

P L A N N E D ( 5 0 + U N I T P R O P E R T I E S )

©

Address Units Status Developer

21 Little Flower 8585 La Mesa Blvd 130 Planned Silvergate Development

22 Citiplace 110 West Ash Street 147 Planned Essex Property Trust

23 7th & Market 701 Market Street 159 Planned Cisterra Development

24 Copper Hills Mixed-Use Fallsview Road & San Elijo Road 189 Planned Stephen A Bieri Co

25 Scripps Ranch Scripps Poway Pkwy & Spring Canyon Road 264 Planned Monarch Group, The

26 Courtyards Pacific Village, The 10955 Carmel Mountain Road 276 Planned Lennar Multifamily Communities

27 Pacific Heights 11th Avenue & B Street 279 Planned Pinnacle International

28 Alexan Fashion Valley 123 Camino De La Reina 284 Planned Trammell Crow Residential

29 StreetLights Makers Quarter SWC 16th Street & F Street 295 Planned StreetLights Residential

30 Santa Venetia Street 1627 Santa Venetia Street 297 Planned Baldwin & Sons

31 Persea 1333 North Santa Fe Avenue 305 Planned Orion Pacific

32 Heights at Fashion Valley, The 6950 Friars Road 319 Planned Fairfield Residential

33 Union & Ash 232 West Ash Street 395 Planned Trammell Crow Residential

34 220 Broadway 220 West Broadway 431 Planned Holland Partners

35 Sunroad Centrum SEC Kearny Villa Road & Lightwave Avenue 442 Planned Sunroad Enterprises

36 14th Street & Commercial Street 14th Street & Commercial Street 444 Planned Father Joe's Villages

37 Lux UTC Phase II 4200 Brooke Court 445 Planned Garden Communities

38 Park and Broadway 13th Street & C Street 613 Planned Willmark Communities

39 11th & Broadway SEC 11th Avenue & Broadway 618 Planned Pinnacle International

TOTAL (PLANNED) 8,085

Property Name

Sheet1

Property NameAddressUnitsStatusDeveloper

21Little Flower8585 La Mesa Blvd130PlannedSilvergate Development

22Citiplace110 West Ash Street147PlannedEssex Property Trust

237th & Market701 Market Street159PlannedCisterra Development

24Copper Hills Mixed-UseFallsview Road & San Elijo Road189PlannedStephen A Bieri Co

25Scripps RanchScripps Poway Pkwy & Spring Canyon Road264PlannedMonarch Group, The

26Courtyards Pacific Village, The10955 Carmel Mountain Road276PlannedLennar Multifamily Communities

27Pacific Heights11th Avenue & B Street279PlannedPinnacle International

28Alexan Fashion Valley123 Camino De La Reina284PlannedTrammell Crow Residential

29StreetLights Makers QuarterSWC 16th Street & F Street295PlannedStreetLights Residential

30Santa Venetia Street1627 Santa Venetia Street297PlannedBaldwin & Sons

31Persea1333 North Santa Fe Avenue305PlannedOrion Pacific

32Heights at Fashion Valley, The6950 Friars Road319PlannedFairfield Residential

33Union & Ash232 West Ash Street395PlannedTrammell Crow Residential

34220 Broadway220 West Broadway431PlannedHolland Partners

35Sunroad CentrumSEC Kearny Villa Road & Lightwave Avenue442PlannedSunroad Enterprises

3614th Street & Commercial Street14th Street & Commercial Street444PlannedFather Joe's Villages

37Lux UTC Phase II4200 Brooke Court445PlannedGarden Communities

38Park and Broadway13th Street & C Street613PlannedWillmark Communities

3911th & BroadwaySEC 11th Avenue & Broadway618PlannedPinnacle International

TOTAL (PLANNED)8,085

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14San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 14

1,594

2,947

2,437

2,990

4,196

1,291

3,951

1,426

2,2892,132

2,440

1,811

1,352

2,631

944

2,454

3,125

3,539

4,744

3,578

904*

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

S A N D I E G O M U L T I F A M I L Y C O N S T R U C T I O N P I P E L I N EQ 2 2 0 1 9©

20 Year Average: 2,269

T O T A L U N I T I N V E N T O R Y

5 + U N I T P R O P E R T I E S : 2 7 9 , 6 1 5

5 0 + U N I T P R O P E R T I E S : 1 8 4 , 3 6 0

P R E - L E A S E A B S O R P T I O N R A T E

18U n i t s / P r o p e r t y / M o n t h ( Q 2 A v g )

* Project Units Delivered (YTD)Based on when total projectsare delivered, not as individualbuildings/units are delivered

15San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com

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The experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions.

S A N D I E G O M U L T I F A M I L Y C O N S T R U C T I O N P I P E L I N EQ 2 2 0 1 9©

SAN DIEGO OFFICEPATRICK J. DOYLE, CCIMPARTNER

858.256.7690patrick.doyle@abimultifamily.com CA DRE Broker #01162107

ERIC TURNERSENIOR VICE PRESIDENT

858.256.7691eric.turner@abimultifamily.com CA DRE Broker #01387179

DISCLAIMER © 2019 ABI Multifamily | The information and details contained herein have been obtained from third-party sources believed to be reliable; however, ABI Multifamily has not independently verified its accuracy.ABI Multifamily makes no representations, guarantees, or express or implied warranties of any kind regarding the accuracy or completeness of the information and details provided herein, including but not limited to theimplied warranty of suitability and fitness for a particular purpose. Interested parties should perform their own due diligence regarding the accuracy of the information. SOURCES: ABI Research / Bureau of Labor Statistics /Census Bureau / YARDI Matrix / Vizzda / US Chamber of Commerce / RED Comps / ARMLS

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