TRENDS IN PUBLIC REIT M&A: 2012-2017 26 Date Announced Target Acquirer Sector June 2015 SmartStop Self Storage, Inc. Extra Space Storage Inc. Storage July 2015 Industrial Income Trust Inc. Global Logistic Properties Limited Industrial Sep 2015 Strategic Hotels & Resorts, Inc. Blackstone Real Estate Partners VIII L.P., an affiliate of The Blackstone Group L.P. Lodging Oct 2015 BioMed Realty Trust, Inc. Blackstone Real Estate Partners VIII L.P., an affiliate of The Blackstone Group L.P. Office/Healthcare Oct 2015 Landmark Apartment Trust, Inc. Starwood Capital Group/ Milestone Apartments Real Estate Investment Trust Residential Oct 2015 Campus Crest Communities, Inc. Harrison Street Real Estate Capital, LLC Residential Nov 2015 Plum Creek Timber Company, Inc. Weyerhauser Company Timber/Specialty Dec 2015 American Residential Properties, Inc. American Homes 4 Rent Residential (Single Family) Dec 2015 Inland Real Estate Corporation DRA Growth and Income Fund VIII, LLC and DRA Growth and Income Fund VIII (A), LLC Retail Feb 2016 Apollo Residential Mortgage, Inc. Apollo Commercial Real Estate Finance, Inc. Mortgage Feb 2016 Rouse Properties, Inc. Funds managed by Brookfield Asset Management, Inc. Retail Apr 2016 Apple REIT Ten, Inc. Apple Hospitality REIT, Inc. Lodging Apr 2016 Hatteras Financial Corp. Annaly Capital Management, Inc. Mortgage Apr 2016 Zais Financial Corp. Sutherland Asset Management Corporation Mortgage Apr 2016 Parkway Properties, Inc. Cousins Properties Incorporated Office Jue 2016 Northstar Realty Finance Corp.; Northstar Asset Management, Inc. Colony Capital, Inc. Diversified Aug 2016 Post Properties, Inc. Mid-America Communities, Inc. Residential Aug 2016 American Realty Capital Global Trust II, Inc. Global Net Lease, Inc. Single-Tenant Net Lease Sep 2016 American Farmland Company Farmland Partners Inc. Agriculture (Specialty) Sep 2016 American Realty Capital – Retail Centers of America, Inc. American Finance Trust, Inc. Retail