RXR'S EMERGING SUB-MARKET STRATEGY Certain underserved markets targeted through RXR's Emerging Sub-market Strategy now qualify as QOZs; the Fund will id

RXR'S QOZ OPPORTUNITIES/PIPELINE INVESTMENTS XR QO2 Opportunities' os of September 30, 2018 Anticipated Investment Units/ Development Square Feet B

RXR'S EMERGING SUB-MARKET. TRACK RECORD ENT ACTIVITY AND Footnotes to the table RXR Emerging Sub-Market Strategy Investment Activity and Track Record on