AMERICAN RESIDENTIAL PPTYS I

CUSIP: 02927E303 Class: COM

Long Pond Capital, LP's Holding History (CIK: 0001499066)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015
Shares 2,682,033 Value ($000) $50,690 Avg Close — Range —
Q3 2015
Shares 1,677,658 Value ($000) $28,973 Avg Close — Range —
Q2 2015
Shares 1,574,407 Value ($000) $29,127 Avg Close — Range —
Q1 2015
Shares 3,152,427 Value ($000) $56,712 Avg Close — Range —
Q4 2014
Shares 3,187,734 Value ($000) $56,008 Avg Close — Range —
Q3 2014
Shares 2,952,359 Value ($000) $54,146 Avg Close — Range —
Q2 2014
Shares 2,528,308 Value ($000) $47,406 Avg Close — Range —
Q1 2014
Shares 1,959,775 Value ($000) $35,237 Avg Close — Range —