A PA RT M E N TS BY THE NUMBERS Impact of the COVID-19 Pandemic on Multifamily Properties SPECIAL ARRANGEMENTS MADE TO ASSIST RESIDENTS Waive Late Fees Forgive rent Defer Rent 80% 80% 60% 60% 20% 0% 0% Florida Florida Nationwide 11.4% 12.9% 1.6% 40% 14.6% 20.6% 100% 20% 2 0 2 0 10.6% RESIDENTS WHO SKIPPED OR WILL VACATE 100% 40% Nationwide RESIDENTS WHO PAID MAY 2020 RENT ON TIME Nationwide 2.5% 2.6% 6.3% 100% 80% 17.1% 24.1% 28.7% 28.4% 60% 86.2% Florida 82.9% S U M M E R ON-TIME RENT PAYMENT IN MAY 2020 COMPARED TO APRIL 2020 9.5% F L O R I D A Early Lease Termination Nationwide RESIDENTS WITH SPECIAL ARRANGEMENTS M U LT I FA M I LY Extend Terms of Lease 2.4% Florida Develop Payment Plans 8.6% 1.0% 0% 1.7% 20% 18.1% 40% 20.2% 60% 72.1% 81.9% 80% 89.1% 92.2% 100% 40% 20% 45.5% 35.3% 0% Florida Significantly Lower Somewhat Lower Equal Somewhat Higher Nationwide Significantly Higher Source: ALN Apartment Data Inc. 32