PIPELINE: CHURCH/DIVISION TOWER A - NEW ROCHELLE, NY • Church/Division Tower A is RXR's second New Rochelle project • A 28-story, mixed-use project containing 354 rental units, plus 13,600 square feet of retail space and an expansive outdoor amenity deck overlooking the newly created public plaza below • Located approximately two blocks from the 360 Huguenot (f/k/a 587 Main Street) redevelopment • With the demolition of a pre-existing parking structure on the site completed earlier this year, vertical construction is anticipated to start by year-end 2018 with a two-year anticipated completion timeframe DOWNTOWN, iypet! RpCHELLE _CHURCH/DIVISION TOWERS -A 41' There is no guarantee that the Fund will be able to execute such investment, or identity or execute similar or substantially similar investments successfully, nor is there a guarantee that such investments will be profitable Map is an illustration, picture is a rendering. RXR 54 of 75 CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0069453 SDNY_GM_00215637 EFTA01374655