ecting rent growth to stay below 4% • Vacancy remained flat vs. 2O at 4.4%. New supply is expected to drive the vacancy rates higher in 2016 ant Darien MA ADS Figure 36: YID Apartment performance A144 nal 4,'!-1111 0 #P 4, 0- D e e wie IP 411. 4P 4P 4, 4P As of 10/14/16 Sara Dattecte SA MC 'F

ecting rent growth to stay below 4% • Vacancy remained flat vs. 2O at 4.4%. New supply is expected to drive the vacancy rates higher in 2016 ant Darien MA ADS Figure 36: YID Apartment performance A144 nal 4,'!-1111 0 #P 4, 0- D e e wie IP 411. 4P 4P 4, 4P As of 10/14/16 Sara Dattecte SA MC 'F