1. CHARLES WAYNE CONSULTING ORLANDO APARTMENT TRENDS 2011

2. POPULATION GROWTH

3. ANNUAL EMPLOYMENT GROWTH BY PLACE OF WORK (000)

4. JOB GROWTH BY MONTH BY PLACE OF WORK: 2008 – 2010 YTD

5. M-O-M JOB GROWTH: 2010 BY PLACE OF WORK: 23,300 Y-T-D

6. UNIT CLOSINGS

7. CLOSING PRICES SF: -41% MF: -37%

8. AVERAGE ANNUAL DEMAND 2011 - 2015 30.4%22.5%22.3%22.5%22.8%

9. OWNERS vs RENTERS

10. % RENTER DEMAND BY TYPE

11. CONVERSION LOSS -140 PROJECTS / -39,000 UNITS

12. APARTMENT COMPLEXES

13. RENTABLE UNITS +1,500

14. RENTABLE UNITS BY BRs

15. UNITS UNDER CONSTRUCTION

16. OCCUPANCY

17. OCCUPANCY BY YEAR BUILT

18. VACANCY vs UNEMPLOYMENT

19. ANNUAL UNIT ABSORPTION

20. RENT GROWTH: 2003-2010 $544 $869

21. MEDIAN RENTS: 2000-2010

22. TOP PERFORMERS Urban Lifestyle Projects $1.20 - $2.15

23. TRENDS Land Supply ? Land Values? Occupancies? Rents? Incentives? New Units? Urban Town Centers? TOD Developments? Student Housing? ?

24. CHARLES WAYNE CONSULTING DSpradley@CharlesWayne.com