ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING THE REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. Include the Equal Housing Symbol (“EHO Symbol”) or, in lieu of the EHO Symbol, the language below: WE ARE PLEDGED TO THE LETTER AND SPIRIT OF THE U.S. POLICY FOR ACHIEVEMENT OF EQUAL HOUSING OPPORTUNITY THROUGHOUT THE NATION. WE ENCOURAGE AND SUPPORT AN AFFIRMATIVE

ADVERTISING AND MARKETING PROGRAM IN WHICH THERE ARE NO BARRIERS TO OBTAINING HOUSING BECAUSE OF RACE, COLOR, RELIGION, SEX, HANDICAP, FAMILIAL STATUS OR NATIONAL ORIGIN. This is not intended to be an offer to sell, or solicitation to buy, condominium units to residents of any jurisdiction where prohibited by law, and your eligibility for purchase will depend upon your state of residency. This offering is made only by the prospectus for the condominium and no statement should be relied upon if not made in the prospectus. This site is designed as a service to our customers and may be used for information purposes only. This site is meant to be used as an overview of Collegiate Suites Miami, LP, a Delaware limited partnership and its projects and in no way whatsoever should the information contained in this Website be relied on for financial, tax, accounting, investment, business or legal advice. All items are subject to modification, change and/or being withdrawn at any time in the sole discretion of Collegiate Suites Miami, LP, a Delaware limited partnership. Collegiate Suites Miami, LP, a Delaware limited partnership, its subsidiaries, affiliates, contractors, agents, employees, licensees, and/or assigns are in no way responsible or liable for any damages whether they be direct, indirect, punitive, special, consequential, contribution or indemnity of any kind whatsoever, however caused, arising out of the use or non-availability of this Website. Additionally, access to other internet sites linked to this Website are at the user’s own risk and Collegiate Suites Miami, LP, a Delaware limited partnership is not responsible for the accuracy or reliability of any information, opinion, advise or statements made on these sites. The sketches, renderings, graphic materials, plans, specifications, terms, conditions and statements contained in this website are conceptual, proposed and/or and are for the convenience of reference only, and the Developer reserves the right to modify, revise or withdraw any or all of same in its sole discretion and without prior notice. All improvements, designs and construction are subject to first obtaining the appropriate federal, state and local permits and approvals for same. Developer makes no representation and/or warranty that the pedestrian bridge connecting the Condominium to Florida International University is proposed only and may not be constructed. In determining whether or not to purchase a Unit in the Condominium, user has not relied on any such representation. User further understands and agrees that any construction and maintenance of such a pedestrian bridge is in the control of an outside third party who is not the Developer and therefore, Declarant has no control over whether or not same will be constructed and to the extent constructed, the design and maintenance of same. This Condominium is being developed by the Developer, Collegiate Suites Miami, LP, a Delaware limited partnership, which has an affiliation with University Developments (“University Developments”). Any and all statements, disclosures and/or representations shall be deemed made by Developer and not by University Developments and you agree to look solely to Developer (and not to University Developments) with respect to any and all matters relating to the marketing and/or development of the Condominium and with respect to the sales of Units in the Condominium. The project graphics, renderings and text provided herein are copyrighted works owned by the developer. © 20__, Collegiate Suites Miami, LP, a Delaware limited partnership. All rights reserved. Unauthorized reproduction, display or other dissemination of such materials is strictly prohibited and constitutes copyright infringement. No real estate broker is authorized to make any representations or other statements regarding the project, and no agreements with, deposits paid to or other arrangements made with any real estate broker are or shall be binding on the Developer. Please refer to the Developer’s official project brochures, website and materials and the documents furnished by the Developer pursuant to state law for information regarding the projects.

MIA 185927575v2 All communication or material transmitted by you through this Website shall be treated as non-confidential and non- proprietary. Any information posted on this Website is the property of Collegiate Suites Miami, LP, a Delaware limited partnership and may be used for purposes, including, without limitation, of reproduction, disclosure, transmission, broadcast and posting. All prices are subject to change at any time and without notice, and do not include optional features or premiums for upgraded units. From time to time, price changes may have occurred that are not yet reflected on this website. Please check with the sales center for the most current pricing. This website may contain or reference trademarks, copyrighted materials, trade secrets, technologies, products, processes or other proprietary rights of the Developer and/or other parties. No license to or right in any such trademarks, copyrighted materials, trade secrets, technologies, products, processes and other proprietary rights of Developer and/or other parties is granted to or conferred upon you.

Views: Renderings depict proposed views, which are not identical from each unit. No guarantees or representations whatsoever are made that existing or future views of the project and surrounding areas depicted by artist's conceptual renderings or otherwise described herein, will be provided or, if provided, will be as depicted or described herein. Any view from an unit of from other portions of the property may in the future be limited or eliminated by future development or forces of nature and the developer in no manner guarantees the continuing existence of any view.

Renderings and Photos: Interior photos shown may depict options and upgrades and are not representative of standard features and may not be available for all model types. All depictions of furniture, appliances, counters, soffits, floor coverings and other matters of detail, including, without limitation, items of finish and decoration, are conceptual only and are not necessarily included in each Unit. Furnishings are only included if and to the extent provided in your purchase agreement The photographs contained in this website may be stock photography or have been taken off-site and are used to depict the spirit of the lifestyles to be achieved rather than any that may exist or that may be proposed, and are merely intended as illustrations of the activities and concepts depicted therein. Plans, features and amenities: All plans, features and amenities depicted herein are based upon preliminary development plans, and are subject to change without notice in the manner provided in the offering documents. No guarantees or representations whatsoever are made that any plans, features, amenities or facilities will be provided or, if provided, will be of the same type, size, location or nature as depicted or described herein. Dimensions and square footage are approximate and may vary with actual construction.

The sketches, renderings, graphics materials, plans, specifications, terms, conditions and statements contained in this

MIA 185927575v2 website are proposed only, and the Developer reserves the right to modify, revise or withdraw any or all of the same in its sole discretion and without prior notice. All improvements, designs and construction are subject to first obtaining the appropriate federal, state and local permits and approvals for same. These drawings and depictions are conceptual only and re for the convenience of reference. They should not be relied upon as representations, express or implied, of the final detail of the residences. The Developer expressly reserved the right to make modifications, revisions and changes it deeded desirable in its sole and absolute discretion. Wood Flooring. Because wood is a natural product, every piece has a unique color and appearance, and every installed floor will have its own distinctive visual character. Photographs, samples and website images can offer an impression of the product, but they may not be representative of the full range of color, knots, texture and grain variations which can exist in the product itself as installed. Wood is subject to weathering and fading and as such the coloration may vary over time. Additionally, all wood flooring will acclimate to the temperature and humidity in the Unit and seasonal movement in a wood floor is to be expected, as wood is a product of nature and will expand and contract with changes in humidity and temperature. Gaps often appear between boards during colder periods and tighten in warmer temperatures. Minimizing heat and humidity fluctuations is required to preserve the condition of the wood. Even under ideal conditions, wood is subject to warping, bowing and cupping. Ceiling Heights Ceiling heights are measured from top of slab to top of slab. As a result, actual clearance between the top of the finished floor coverings and the underside of the finished ceiling, drop ceiling or soffits will be less. All ceiling heights are approximate and subject to change. Commercial Spaces: Restaurants and other business establishments and/or any operators of same referenced herein are subject to change at any time, and no representations regarding restaurants, businesses and/or operators within the project may be relied upon. Restaurants, and/or other business establishments, are anticipated to be operated from the commercial components of the project which will be offered for sale to third parties. Except as may be otherwise provided in the offering materials, the use of the commercial spaces will be in discretion of the purchasers of those spaces and there is no assurance that they will be used for the purposes, and/or with the operators, named herein. Unit Floor Plans: Stated square footages and dimensions are measured to the exterior boundaries of the exterior walls and the centerline of interior demising walls and in fact vary from the square footage and dimensions that would be determined by using the description and definition of the “Unit” set forth in the Declaration (which generally only includes the interior airspace between the perimeter walls and excludes all interior structural components and other common elements). This method is generally used in sales materials and is provided to allow a prospective buyer to compare the Units with units in other condominium projects that utilize the same method. For your reference, the area of the Unit, determined in accordance with these defined unit boundaries, is set forth in Exhibit “2” to the Declaration. Measurements of rooms set forth on this floor plan are generally taken at the farthest points of each given room (as if the room were a perfect rectangle), without regard for any cutouts or variations. Accordingly, the area of the actual room will typically be smaller than the product obtained by multiplying the stated length and width. All dimensions are estimates which will vary with actual construction, and all floor plans, specifications and other development plans are subject to change and will not necessarily accurately reflect the final plans and specifications for the development. All depictions of appliances, counters, soffits, floor coverings and other matters of detail, including, without limitation, items of finish and decoration, are conceptual only and are not necessarily included in each Unit.

MIA 185927575v2 Please note that all advertising is of legal significance, but particular attention must be paid to advertising credit terms, the use of words such as "investment" and references (even if geographical) to other projects or businesses. If you have any questions or comments regarding the foregoing, please feel free to call. October 31, 2017