BREIT 2017 Annual Report

F-26 Initial Cost Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at the Close of Period (2) Description Encumbrances Land and Land Improvements Building and Building Improvements Land and Land Improvements Building and Building Improvements Land and Land Improvements Building and Building Improvements Total Accumulated Depreciation Year Built Year Acquired Depreciable Lives (1) Olympus Multifamily: Cape House 45,426 11,548 55,009 1 5 11,549 55,014 66,563 (278) 1999 2017 (1) Mirador at River City 23,250 4,034 28,288 1 28 4,035 28,316 32,351 (137) 2008 2017 (1) Stovall at River City 23,250 3,996 29,314 1 — 3,997 29,314 33,311 (141) 2007 2017 (1) Aston Multifamily Portfolio: Ashley Oaks 27,202 7,940 26,929 — 27 7,940 26,956 34,896 (135) 1985 2017 (1) Audubon Park 20,987 3,934 20,178 — 24 3,934 20,202 24,136 (95) 1968 2017 (1) Belmont 16,503 3,535 18,145 — 7 3,535 18,152 21,687 (86) 1983 2017 (1) Cantare at Indian Lake Village 23,357 2,236 32,572 — 3 2,236 32,575 34,811 (145) 2013 2017 (1) Cooper Creek 8,352 1,292 11,092 — 3 1,292 11,095 12,387 (51) 1997 2017 (1) Grayson Ridge 15,277 3,587 18,136 — 8 3,587 18,144 21,731 (84) 1988 2017 (1) Landing at Mansfield 26,013 3,833 33,054 — 10 3,833 33,064 36,897 (157) 2006 2017 (1) Meritage at Steiner Ranch 49,733 8,422 52,899 — 27 8,422 52,926 61,348 (231) 2001 2017 (1) Montelena 20,502 3,875 25,462 — 6 3,875 25,468 29,343 (117) 1998 2017 (1) Richland Falls 24,457 2,690 30,046 — 15 2,690 30,061 32,751 (136) 2013 2017 (1) Rosemont at Olmos Park 13,308 2,468 14,831 — 4 2,468 14,835 17,303 (68) 1995 2017 (1) Trails at Buda Ranch 20,704 3,832 23,258 — 11 3,832 23,269 27,101 (113) 2009 2017 (1) Amberglen West Multifamily — 9,176 82,029 — — 9,176 82,029 91,205 (263) 2017 2017 (1) Talavera and Flamingo Multifamily: Talavera — 14,801 46,622 — — 14,801 46,622 61,423 (122) 1996 2017 (1) Flamingo — 14,447 34,871 — — 14,447 34,871 49,318 (93) 1998 2017 (1) Walden Pond & Montair Multifamily Portfolio: Walden Pond 47,705 9,711 47,052 — 1 9,711 47,053 56,764 (88) 1991 2017 (1) Montair 44,325 19,105 46,552 — — 19,105 46,552 65,657 (101) 1984 2017 (1) Signature at Kendall Multifamily — 28,419 103,131 — — 28,419 103,131 131,550 (188) 2016 2017 (1) Total Multifamily Properties $ 1,472,504 $ 397,099 $ 2,045,675 $ 1,205 $ 5,586 $ 398,304 $ 2,051,261 $ 2,449,565 $ (27,411)