Portfolio Summary

Total Investments: $10+ billion as of January 2013

Development Joint Ventures
Portfolio Size: $5.4 billion

• $4.8 billion in residential development
• $600 million in commercial development

Sponsor Level Development
Portfolio Size: $2.3 billion in residential/commercial development

Direct Acquisition/Asset Management of Existing Buildings
Portfolio Size: $2.5 billion

• $300 million in residential properties
• $2.2 billion in commercial properties

Current Asset Management Portfolio: $6.6+ billion

• of which $1.7 billion represents third party asset management