Appendix 1. Combined Portfolio Statistics by Market Above data as of February 29, 2016 13 Market Pre-Merger Post-Merger Pre-Merger Post-Merger Leased Percentage Occupied Percentage Average Contractual Monthly Rent Per Property Average Square Footage Average Age (years) Dallas-Fort Worth, TX 3,236 4,355 8.3% 9.1% 95.5% 94.7% 1,553 $ 2,119 12.4 Atlanta, GA 2,860 3,798 7.3% 7.9% 93.0% 92.1% 1,355 2,116 15.2 Houston, TX 2,053 3,159 5.3% 6.6% 94.7% 93.4% 1,560 2,114 10.3 Indianapolis, IN 2,775 2,931 7.1% 6.1% 95.9% 94.7% 1,295 1,926 13.9 Phoenix, AZ 1,602 2,779 4.1% 5.8% 98.7% 97.9% 1,132 1,815 13.3 Charlotte, NC 2,331 2,697 6.0% 5.6% 96.1% 94.8% 1,395 2,016 12.7 Nashville, TN 1,524 2,357 3.9% 4.9% 95.1% 93.8% 1,554 2,083 11.7 Greater Chicago area, IL and IN 2,062 2,062 5.3% 4.3% 96.6% 95.1% 1,700 1,896 14.5 Cincinnati, OH 1,872 1,956 4.8% 4.1% 95.9% 94.7% 1,451 1,846 13.8 Raleigh, NC 1,475 1,826 3.8% 3.8% 96.0% 95.1% 1,362 1,841 11.5 Tampa, FL 1,578 1,678 4.0% 3.5% 95.2% 94.2% 1,540 1,964 12.4 Jacksonville, FL 1,579 1,588 4.1% 3.3% 95.5% 94.3% 1,342 1,906 12.1 Orlando, FL 1,185 1,564 3.0% 3.3% 95.3% 93.9% 1,414 1,872 14.8 Columbus, OH 1,453 1,453 3.7% 3.0% 97.7% 96.5% 1,430 1,830 14.6 San Antonio, TX 898 1,250 2.3% 2.6% 96.6% 95.0% 1,469 1,983 13.5 Salt Lake City, UT 1,049 1,049 2.7% 2.2% 97.2% 96.5% 1,490 2,131 14.8 Las Vegas, NV 969 1,023 2.5% 2.1% 96.7% 95.8% 1,330 1,841 13.1 Winston Salem, NC 527 761 1.4% 1.6% 95.4% 94.0% 1,211 1,729 12.2 Austin, TX 674 696 1.7% 1.5% 96.7% 95.3% 1,385 1,850 11.8 Denver, CO 684 684 1.8% 1.4% 98.5% 97.5% 1,927 2,148 16.0 All Other 6,587 6,914 16.9% 14.4% 94.6% 93.3% 1,420 1,840 13.0 SubTotal 38,973 46,580 100.0% 97.2% 95.6% 94.5% 1,434 $ 1,957 13.1 Current preferred operator homes - 594 --% 1.2% 100.0% 100.0% 756 1,372 57.0 Former preferred operator homes - 735 --% 1.5% 94.1% 92.8% 761 1,247 45.2 Total 38,973 47,909 100.0% 100.0% 95.7% 94.5% 1,415 $ 1,939 14.1 Total Homes % of Total Homes Post-Merger