2017 2016 RANK DEVELOPER NET SALES YOY% ∆ SOURCE: John Burns Real Estate Consulting, LLC (January 2018) PROJECT NAME AND LOCATION 2017 2016 Master-Planned Communities of 2017 1 2 2 1 3 5 4 6 5 4 6 11 7 3 8 8 9 9 10 15 11 NR 12 16 13 7 14 NR 15 12 16 NR 17 NR 18 19 19 45 20 18 21 17 22 10 23 36 24 41t 25 20 26 22 27T 21 27T 14 29 37 30T 7 30T NR 32 23t 33 NR 34 34 35 NR 36 30 37 26 38 NR 39 46 40 31 41 38t 42 NR 43 27 44 33 45 38t 46 44 47T NR 47T 23T 47T NR 50 32 2,231 1,966 1,814 1,989 1,206 775 1,052 769 992 848 919 502 875 973 837 564 830 535 748 471 712 474 601 458 584 569 563 159 523 495 515 264 490 300 479 448 473 303 468 452 462 453 457 515 456 335 447 313 435 441 429 413 428 426 428 476 423 325 399 489 399 270 397 377 395 386 382 348 379 55 372 359 368 373 367 287 361 301 356 358 345 317 340 248 337 365 334 351 324 315 320 307 315 252 315 377 315 163 314 352 13% -9% 56% 37% 17% 83% -10% 48% 55% 59% 50% 31% 3% 254% 6% 95% 63% 7% 56% 4% 2% -11% 36% 43% -1% 4% 0% -10% 30% -18% 48% 5% 2% 10% 589% 4% -1% 28% 20% -1% 9% 37% -8% -5% 3% 4% 25% -16% 93% -11% THE VILLAGES Villages, FL IRVINE RANCH Orange County, CA LAKEWOOD RANCH Sarasota, FL SUMMERLIN Las Vegas, NV WEST VILLAGES Sarasota, FL EASTMARK Phoenix, AZ NOCATEE Jacksonville, FL INSPIRADA 2 Las Vegas, NV THE GREAT PARK NEIGHBORHOODS Orange County, CA STAPLETON 2 Denver, CO ONTARIO RANCH Riverside-San Bernardino, CA RANCHO MISSION VIEJO 2 Orange County, CA CANE BAY PLANTATION Charleston, SC OTAY RANCH San Diego, CA LAKE NONA Orlando, FL WESTSHORE Sacramento, CA BARTRAM PARK 2 Jacksonville, FL BAKER RANCH Orange County, CA WILLOWSFORD Washington, DC DAYBREAK Salt Lake City, UT VISTANCIA Phoenix, AZ PALOMA CREEK Dallas, TX CADENCE Las Vegas, NV VIERA Brevard County, FL RIVERSTONE Houston, TX VERRADO Phoenix, AZ ALIANA Houston, TX SIENA Austin, TX BRIDGELAND Houston, TX ALAMO RANCH San Antonio, TX ESTRELLA Phoenix, AZ CROSS CREEK RANCH Houston, TX BRUNSWICK FOREST 2 Wilmington, NC SUMMERLAKE Orlando, FL WALLIS RANCH East Bay Area, CA SIENNA PLANTATION Houston, TX WESTPARK 2 Sacramento, CA BEREWICK Charlotte, NC TRADITION Port St. Lucie, FL GREEN VALLEY RANCH Denver, CO MOUNTAIN'S EDGE Las Vegas, NV THE WOODLANDS Houston, TX WOODFOREST Houston, TX WILDWOOD AT NORTHPOINTE 2 Houston, TX WATERSET Tampa, FL HARVEST 2 Fort Worth, TX HARVEST GREEN Houston, TX CANYON LAKES WEST Houston, TX SKYE CANYON Las Vegas, NV PHILLIPS CREEK RANCH Dallas, TX Villages of Lake Sumter, LLC The Irvine Company Schroeder-Manatee Ranch, Inc. The Howard Hughes Company West Villages Partnership DMB The PARC Group Beazer, KB Home, Pardee, Toll Brothers Five Point Communities Forest City Enterprises Brookfield, Lennar, Lewis, Stratham Rancho Mission Viejo, LLC Gramling Brothers Real Estate & Development Baldwin, Cornerstone, HomeFed, Stratford Land Tavistock Group K. Hovnanian, Lennar, Taylor Morrison CalAtlantic, KB Home, Mattamy, Pulte, Richmond Shea Homes, Toll Brothers Willowsford Management, LLC Daybreak Communities Vistancia Land Holdings/Stratford Land Provident Realty Advisors The LandWell Company The Viera Company Johnson Development Corp. DMB Aliana Development Company John Lloyd Development The Howard Hughes Company Galo Properties Newland Communities Johnson Development Corp. Brunswick Forest Realty, LLC Starwood Land Trumark Homes Johnson Development Corp. Westpark Communities Pappas Properties Tradition Land Company Oakwood Homes Focus Property Group The Woodlands Development Company Johnson Development Corp. Friendswood Development Company (Lennar) Newland Communities Hillwood Communities Johnson Development Corp. Land Tejas Company Olympia Companies Republic Property Group TOTAL Top 50 28,311 23,661 20% Rank increased 1 Estimates 2 Preliminary Rank declined Bold=Multiple MPCs on list