2019 Annual Report

In summary, RMR Residential accomplished the following milestones in 2019:

• Rebranded Carroll Organization and consolidated all business lines under a unified RMR Residential brand.
• Launched a new institutional real estate vehicle, Carroll Multifamily Venture VI, LP, totaling $125 million of commitments.
• Acquired 17 properties, totaling  ~5,100 units in 6 high growth states (GA, FL, NC, TN, CO, TX). The total value of these properties is ~$1.0 billion.
• Completed the successful exit of 18 properties, totaling ~6,000 units. The total value of these sales is ~$1.0 billion.
• Expanded portfolio to Mountain West region with purchase of ARIUM at Highlands Ranch in Denver, CO.
• Raised and invested $350 million of equity in 2019 bringing total equity invested by RMR Residential and our partners to more than $2.7 billion.
• Awarded 4 third-party property management assignments totaling 1,200 units and $175 Million in Assets under Management.