1. Kansas City Downtown Residential Development Update

2. Downtown Population Growth 2 2000: 13,600 2013: 19,100 2030: 40,000?

3. 2010-2012 Completed Projects Walnut Tower Apartments 179 units 2006 Wyandotte35 units 1006 Grand134 units Courthouse Lofts176 units Market Station322 units Carriage Lofts23 units Liberty Lofts44 units Others102 units TOTAL: 1,015 Units 3

4. Projects Under Construction Founders at Union Hill181 units Gillham Row Phase II22 units Lucas Place130 units River Market West137 units Beacon Hill/UMKC Housing245 units TOTAL: 715 Units 4

5. Pipeline – New Construction 5 One Light (Cordish)311 units Columbus Park16 units 2 nd & Delaware225 units TOTAL: 552 Units

6. Pipeline Conversion Projects 6 Argyle Building: 126 unitsBemis Bag Building: 100 units Commerce Tower: 265 unitsCorrigan Building: 82 units Folgers Buildings: 176 unitsMark Twain Tower: 155 units Midland Building: 68 unitsPabst Building: 62 units Pershing Building: 55 unitsPickwick Hotel: 261 units Power & Light Building: 200 unitsWeld Wheel Building: 200 units West Side Housing Organization: 98 unitsTOTAL: 1,848 Units

7. Projects Map 7

8. Cordish Tower/ One Power & Light 8

9. Midland 9

10. Argyle Building 10

11. Pickwick Hotel 11

12. Corrigan Building 12

13. Power & Light Building 13

14. Market Station A Glimpse of Downtown’s Future? 14

15. Berkley Riverfront Park 15

16. Berkley Riverfront Park 16

17. Multi-Family Construction 17 Annual Average New Units: 539

18. New Construction vs Occupancy 18 Annual Average: 2,902

19. Inventory Growth 19

20. Average Rent: Class A 20

21. Rent and Occupancy: Class A 21

22. Downtown Concessions 22

23. Echo Boom People in the age group 25-34 years account for the following percentages of the total population: –U.S. 13.4% –Metro KC 14.0% –Downtown KC 24.8% 23

24. Questions? 24