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EXHIBU I-1 <br />REGIONAL LOCATION <br />ORANGE COUNTY <br />NOVEMBER 2017 <br />-carder Grove <br />. roUnra la val,ev <br />The Competitive Market Area ("CMA"), the area in <br />which new rental product will compete on a more or less <br />equal basis with the Subject Site, is comprised of 10 zip <br />codes located along the 55 and 5 freeways. <br />The Subject Site sits at thenorfliem edge of <br />Santa Ana, highlighted in green. .- w _ <br />keno " <br />17590.00 Maps: Reg <br />11/12/17 <br />Page 2 of2 <br />THE CONCORD GROUP <br />5 <br />