Portfolio Highlights As of October 31, 2013

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1 PORTFOLIO OVERVIEW

2 Portfolio Highlights As of October 31, 2013 Portfolio Composition 2 % 53 % 47 % At Acquisition n Non-Cash Flowing Assets n Cash Flowing Assets 85 % 13 % As of Today n Non-Cash Flowing Assets n Cash Flowing Assets n Resolved Assets Note: This information is predicated upon the classification of a non-performing note as a non-cash flowing asset at acquisition. Resolved assets are defined as assets which have been sold and are no longer part of the Resource Real Estate Opportunity REIT portfolio. REIT Investment Objectives» Return Principal Investment» Growth of Principal Investment» Generate Cash Distributions Through Stabilized Property Operations and Asset Dispositions Portfolio Summary» Real Estate Related Assets: 25 Properties Currently in Portfolio 22 Real Estate Related Debt Issues Currently in Portfolio 3 Portfolio Summary Inception To Date» Resolved Assets: 2» Average Discount to Replacement Cost: 49%» Total Apartment Units Acquired: 7,281» States with Acquired Properties: 15» Purchase Price of Real Estate $318 Million Related Assets: Replacement cost is the estimated cost to rebuild a property and is typically used as a method of property valuation. Replacement cost estimates provided by Marshall & Swift / Boeckh, LLC. utilizing all readily available data. 1 Investors need to achieve a 10% cumulative, non-compounded annual rate of return based on the price paid for each share before Resource Real Estate participates in sharing of profit. Resource Real Estate s possible participation in profits is in addition to the fees and expenses paid to the sponsor as outlined in the prospectus. Returns are not guaranteed. 2 This stock distribution is based on a 1.5% quarterly distribution paid to shareholders of record beginning 2/28/11 and ending 9/30/12. Stock distributions may have a dilutive effect on future shareholders and are not guaranteed. 3 The Q cash and stock distributions were based on a 1.5% quarterly distribution paid to shareholders of record as of 12/31/12. Cash and stock distributions are not guaranteed, are at the discretion of the Opportunity REIT board and are subject to change based on a number of variables. 4 The Q monthly cash and quarterly stock distributions were based on a 1.5% distribution paid to shareholders of record as of 1/31/13, 2/28/13 and 3/29/13. Cash and stock distributions are not guaranteed. Offering Highlights» Size of Offering: $750 million» Price per Share: $10.00» Minimum Investment: $2,500 per investor» Hurdle Rate: 10% 1» Historical Stock Distributions: 6% annualized paid quarterly 2» Q Distributions: 1.5% comprised of half cash and half stock 3» Q Distributions: 1.5% comprised of half cash paid monthly and half stock paid quarterly 4» Q Distributions: $0.033 per share paid monthly and 0.585% stock issued quarterly 5» Q Distributions: $0.033 per share paid monthly and 0.5% stock issued quarterly 6» Current Stock Distribution: 2% annualized paid quarterly 7» Investor Suitability: Net worth of at least $250,000 or gross annual income of at least $70,000 and a net worth of at least $70,000 8» Advisor Investment: Minimum of 1% investment up to $2.5 million» Disposition Strategy: Anticipated liquidity event 3-6 years after the end of the offering 9 5 The Q distributions: monthly cash distributions were $0.033 per share of common stock paid to shareholders of record as of 5/31/13 and 6/28/13. A quarterly stock distribution of 0.585% was issued to shareholders of record as of 6/28/13. Cash and stock distributions are not guaranteed. 6 The Q distributions: monthly cash distributions were $0.033 per share of common stock paid to shareholders of record as of 7/31/13, 8/30/13 and 9/30/13. A quarterly stock distribution of 0.5% was issued to stockholders of record as of 9/30/13. Cash and stock distributions are not guaranteed. 7 A quarterly stock distribution of 0.5% is to be issued to stockholders of record as of 12/31/13. Stock distributions are not guaranteed. 8 Suitability standards vary from the standards above in Alabama (AL), Iowa (IA), Kansas (KS), Kentucky (KY), Massachusetts (MA), Michigan (MI), Nebraska (NE), Ohio (OH), Oregon (OR), Pennsylvania (PA) and Tennessee (TN) and may vary in other states - please see prospectus for additional information. 9 Liquidity event is not guaranteed. 2

3 Campus Club Apartments Tampa, Florida Acquisition Summary Non-performing note secured by Campus Club Apartments purchased on October 21, 2011 and foreclosed on in February Property Features» 256-bed student housing community» Constructed in 2005» Comprised of three buildings that contain a total of 64 fourbedroom suites» Has an effective occupancy of 98.4%» Tenant amenities include a fitness center, clubhouse, pool, tanning salon, business center and game room Property Location» Campus Club Apartments is located in Tampa, Florida.» The property services the University of South Florida.» USF is the 8th largest college in the nation.» Annual student enrollment at the Tampa campus is over 40,000 students. Purchase Price» The note was originated in June The original principal amount was $10.5 million and secured by the mortgage on Campus Club Apartments.» The borrower is in default for failure to make payments since November 2009.» The note was acquired through Resource Real Estate Opportunity REIT at a discount for $8.3 million. The contract purchase price was approximately 79% of the $10.5 million outstanding principal balance of the note.» The purchase price represents a 19% discount to our estimate of the replacement cost of the buildings if built today. Deerfield Luxury Townhomes Hermantown, Minnesota Acquisition Summary Non-performing note secured by Deerfield Luxury Townhomes purchased in March 2012 and foreclosed on in July Property Features» 166-unit multifamily residential community constructed in 1993» Located in a relatively affluent suburb of Duluth, MN and is one of the largest complexes in the Duluth area» Comprised of approximately 255,000 rentable square feet» Tenant amenities include an outdoor pool, fitness center, clubhouse, basketball court and sau Property Location» Deerfield Luxury Townhomes is located in Hermantown, MN.» The property is approximately 4 miles south of the Duluth International Airport and 6 miles west of downtown Duluth.» The property is strategically located near several major employers including Essentia Health, The University of Minnesota Duluth and The Duluth Air National Guard Base. Purchase Price» The note was originated in The original principal amount was $19.75 million and secured by the mortgage on Deerfield Luxury Townhomes.» The borrower is in default for failure to make payments since July 1, 2011.» The note was acquired through Resource Real Estate Opportunity REIT at a discount for $10.3 million. The contract purchase price was approximately 52% of the $19.75 million outstanding principal balance of the note.» The purchase price represents a 65% discount to our estimate of the replacement cost of the building if built today. 3

4 For a complete list of the Opportunity REIT s properties, please order the Portfolio Overview. 4

5 RISK FACTORS» No public market currently exists for our shares of common stock, and we have no current plans to list our shares on an exchange.» We set the offering price arbitrarily. This price is unrelated to the book or net value of our assets or to our expected operating income.» We have a limited operating history, and as of June 30, 2013, our total assets were $288 million and consisted primarily of $204 million of investments, $75 million of cash and $1 million of deferred offering costs. We have not identified all of the investments to acquire with the proceeds of this offering; consequently, you will not have the opportunity to evaluate all of our investments before we make them.» We are dependent on our advisor and its affiliates to select investments and conduct our operations and this offering. Our advisor has a limited operating history and no experience operating a public company.» We pay substantial fees and expenses to our advisor, its affiliates and broker-dealers, whose payments increase the risk that you will not earn a profit on your investment.» Our executive officers and some of our directors face conflicts of interest.» We may lack diversification if we raise substantially less than the maximum offering.» Property values may fall due to environmental, economic or other reasons. A change in interest rates can negatively impact our performance.» There are restrictions on the ownership and transferability of our shares of common stock. See Description of Shares Restriction on Ownership of Shares found in the prospectus.» Our charter permits us to pay distributions from any source, including from offering proceeds, borrowings, sales of assets or waivers or deferrals of fees otherwise owed to our advisor. To the extent these distributions exceed our net income or net capital gain, a greater proportion of your distributions will generally represent a return of capital as opposed to current income or gain, as applicable. Our organizational documents do not limit the amount of distributions that we can fund from sources other than from cash flows from operations.» We may change our targeted investments without stockholder consent.» Some of the other programs sponsored by our sponsor, Resource Real Estate, Inc. ( Resource Real Estate ), have experienced adverse business developments or conditions.» Assuming all else is equal, REITs investing in opportunistic commercial real estate generally have a higher level of risk associated with them compared to those investing in core and value-add properties. This is based on the premise that opportunistic investing is designed to generate returns through capital appreciation rather than income.» There are inherent risks associated with investing in real estate including but not limited to interest rate fluctuations, market conditions, property values, natural hazards and occupancy rates. Disruptions in the financial markets and sluggish economic conditions could adversely impact our ability to implement our business strategy and generate returns. Additionally, if we are unable to find suitable investments, we may not be able to achieve our investment objectives or pay distributions. For information, call (866) or Sales@ResourceREIT.com This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein; an offering is made only by prospectus. This information must be preceded or accompanied by a prospectus in order to understand fully all of the implications and risks of the offering. Neither the attorney general of the state of New York nor any other state regulators have passed on or endorsed the merits of this offering. Any representation to the contrary is a criminal offense. Shares offered through Resource Securities, Inc., an affiliate of Resource Real Estate and member FINRA, SIPC. FAPO-REIT1-N