(a)Deferred financing costs related to all other debt liabilities (other than for the unsecured revolving credit facility) are netted against those debt liabilities for all periods presented. See Note 2: Significant Accounting Policies – Deferred Financing Costs.

(b)Includes as of December 31, 2020 and 2019, respectively, an interest-free note receivable with a net present value of $1.2 million and $1.6 million, which matures in April 2023. The Company believes this balance is fully collectible.

(c)In accordance with ASC 805, Business Combinations, the Company recognizes rental revenue of acquired above and below market lease intangibles over the terms of the respective leases. The impact of amortizing the acquired above and below-market lease intangibles increased revenue by approximately $3.7 million, $4.3 million and $5.3 million for the years ended December 31, 2020, 2019 and 2018, respectively. The

following table summarizes, as of December 31, 2020, the scheduled amortization of the Company’s acquired above and below-market lease intangibles for each of the five succeeding years (dollars in thousands):

(d)The value of acquired in-place lease intangibles are amortized to expense over the remaining initial terms of the respective leases. The impact of the amortization of acquired in-place lease values is included in depreciation and amortization expense and amounted to approximately $9.1 million, $34.2 million and $17.9 million for the years ended December 31, 2020, 2019 and 2018, respectively. The following table summarizes, as of December 31, 2020, the scheduled amortization of the Company’s acquired in-place lease values for each of the five succeeding years (dollars in thousands):

(e)All goodwill is attributable to the Company’s Multi-family Real Estate and Services segment.

(f)Balance recorded starting in 2019, pursuant to the Company’s adoption of ASU 2016-02 (Topic 842). This amount has a corresponding liability of $23.6 million, which is included in Accounts payable, accrued expense and other liabilities. See Note 12: Commitments and Contingencies – Ground Lease agreements for further details.

(g)Includes as of December 31, 2020 and 2019, zero and $28.1 million, respectively, of funds available with the Company’s qualified intermediary from prior property sales proceeds.

(h)The amount as of December 31, 2020 and 2019, includes $42.5 million and $68.6 million, respectively, for properties classified as discontinued operations.

(a)Deferred financing costs related to all other debt liabilities (other than for the unsecured revolving credit facility) are netted against those debt liabilities for all periods presented. See Note 2: Significant Accounting Policies – Deferred Financing Costs.

(b)Includes as of December 31, 2020 and 2019, respectively, an interest-free note receivable with a net present value of $1.2 million and $1.6 million, which matures in April 2023. The Company believes this balance is fully collectible.

(c)In accordance with ASC 805, Business Combinations, the Company recognizes rental revenue of acquired above and below market lease intangibles over the terms of the respective leases. The impact of amortizing the acquired above and below-market lease intangibles increased revenue by approximately $3.7 million, $4.3 million and $5.3 million for the years ended December 31, 2020, 2019 and 2018, respectively. The

following table summarizes, as of December 31, 2020, the scheduled amortization of the Company’s acquired above and below-market lease intangibles for each of the five succeeding years (dollars in thousands):

(d)The value of acquired in-place lease intangibles are amortized to expense over the remaining initial terms of the respective leases. The impact of the amortization of acquired in-place lease values is included in depreciation and amortization expense and amounted to approximately $9.1 million, $34.2 million and $17.9 million for the years ended December 31, 2020, 2019 and 2018, respectively. The following table summarizes, as of December 31, 2020, the scheduled amortization of the Company’s acquired in-place lease values for each of the five succeeding years (dollars in thousands):

(e)All goodwill is attributable to the Company’s Multi-family Real Estate and Services segment.

(f)Balance recorded starting in 2019, pursuant to the Company’s adoption of ASU 2016-02 (Topic 842). This amount has a corresponding liability of $23.6 million, which is included in Accounts payable, accrued expense and other liabilities. See Note 12: Commitments and Contingencies – Ground Lease agreements for further details.

(g)Includes as of December 31, 2020 and 2019, zero and $28.1 million, respectively, of funds available with the Company’s qualified intermediary from prior property sales proceeds.

(h)The amount as of December 31, 2020 and 2019, includes $42.5 million and $68.6 million, respectively, for properties classified as discontinued operations.