<div> </div> <div style="text-align: center;"> </div> <div style="text-align: center;"><span style="font-size: 14pt;"><strong>Mid-Atlantic Real Estate Sentiment Survey</strong></span> | <em>Summer 2017</em></div> <div><span style="font-size: 10pt;"> </span></div> <div><span style="font-size: 12pt;">Please check off the appropriate box for each question to share your experience of industry conditions for the previous Quarter and expectations for the next Quarter. Your feedback will be reflected in our <strong>Mid-Atlantic Real Estate Sentiment Index</strong>. Thank you for participating in our on-going research!</span></div>

Which real estate sector is most of your (or your clients') work in?

In your opinion, how have the General Conditions for Real Estate changed in the LAST three months?

Better

Same

Worse

How will the General Conditions for Real Estate change in the NEXT three months?

Better

Same

Worse

In your opinion, how have Commercial Rents changed in the LAST three months?

Higher

Same

Lower

How will Commercial Rents change in the NEXT three months?

Higher

Same

Lower

In your opinion, how have Commercial Operating Expenses changed in the LAST three months?

Lower

Same

Higher

How will Commercial Operating Expenses change in the NEXT three months?

Lower

Same

Higher

In your opinion, how have Cap Rates changed in the LAST three months?

Lower

Same

Higher

In your opinion, how have Credit Conditions changed in the LAST three months?

Better

Same

Worse

How will Credit Conditions change in the NEXT three months?

Better

Same

Worse

In your opinion, how have Your Gross Assets changed in the LAST three months?

Higher

Same

Lower

How will Your Gross Assets change in the NEXT three months?

Higher

Same

Lower

For more information about PREC's Mid-Atlantic Sentiment Index and our other research, please contact PREC's Associate Director of Communications, Tatiana Swedek: [email protected]

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