Quarterly OverviewFor quarter ended December 31, 2015

• 34 Property Investments and Two Loans

– Total Purchase Price: $919 Million

– Projected Total Investment: $1.1 Billion

• 7 Properties in Opportunity / Value-Add Phase of Investment

• 27 Properties in Transition / Stabilized Phase of Investment

• In September 2015, the REIT sold The Reserve at Mt. Moriah, a 220-unit property located in Memphis, TN. The sale resulted in an average annual return of about 6.9%.

• The REIT added value to numerous properties throughout the quarter by implementing various amenity upgrades:

– A new leasing center opened at Aston at Cinco Ranch, located in Houston, TX, in August 2015.

– New leasing and fitness centers opened at Meridian Point, located in Minneapolis, MN, in September 2015.

– Leasing office and clubhouse construction at Calloway, located in Dallas, TX, was completed in December 2015.

– Leasing center and hardscape renovations were completed at Sunset Ridge, located in San Antonio, TX, which held a Grand Opening of the upgraded property in December 2015.

• Many properties continue to benefit from substantial unit upgrades, with rental rates of upgraded units showing significant increases. Specifically, rental rates at Verona and SkyView, both located in Denver, CO, as well as Nesbit Palisades, Perimeter Circle, and Perimeter 5550, all located in Atlanta, GA, each increased by $220-$310 per month over rents at the time of acquisition.

• Transitioned three properties from the “Value-Add” stage to the “Stabilized” stage of investment: The Estates, Perimeter Circle, and Perimeter 5550, all located in Atlanta, GA.

• Property Investments: 34

• Total Units: 9,826

• Number of States: 16

• Net Asset Value: $10.59 Per Share*

• Distribution: 6% Annualized – Paid Monthly**

• Portfolio composition

• Activity for quarter

• Property spotlight

• Multifamily market overview

Portfolio Composition

Recent Activity

Fast Facts

Executive Summary

THIS INFORMATION IS SOLELY FOR THE USE OF RESOURCE REAL ESTATE OPPORTUNITY REIT, INC. INVESTORS AND THEIR FINANCIAL ADVISORS AND IS NOT TO BE USED FOR ANY OTHER PURPOSE.

All data updated through 1/31/16 where applicable.

Tech Center Square | Newport News, VA

Meridian Pointe | Burnsville, MN

Estates of John’s Creek | John’s Creek, GA* As of June 9, 2015.** Based on a $10.00 per share purchase price

Dist

ribut

ions

2011 2012 2013 Jan - Oct2014

Nov 2014- Dec 2015

0%

1%

2%

3%

4%

5%

6%

7%

8%

Cash Stock

6.00% 7.50% 6.00% 4.00% 6.00%

6.00%

2.25%

5.25% 2.35%

4.00% 6.00%3.65%

Based on a $10.00 per share purchase price and presented as an annualized rate for those periods less than one year.

1 Axiometrics Inc. Apartment Market Research, January 2016. http://www.axiometrics.com/blog/apartment-market-records-highest-year-end-rent-growth-since-2005

2 U.S. Census, Census Bureau Reports, June 25, 2015

5 Years of Historical Distributions

2

During the fourth quarter of 2015, the national apartment market’s annual effective rental rate growth was about 4.7%, and the national occupancy rate was about 95%, the highest fourth quarter occupancy rate in fifteen years.1 As new supply coming into the market is generally heavily weighted towards more expensive Class A apartments, the middle class is often left with a limited supply of quality updated housing options. This lack of supply, coupled with an increasing desire to use apartments to gain access to premier locations, has caused

continued growth in apartment demand and therefore increased rental and occupancy rates as well. Millennials, representing more than a quarter of the country’s population,2 serve as a main driver of this growth as many are either uninterested in homeown-ership or simply cannot afford it. These trends are expected to continue, as many people continue to seek affordable rental options to meet their housing needs. According to research by Reis, an industry leader in providing real estate data, national rental rates are expected to grow by almost 4% in 2016.

The REIT seeks to stagger debt maturities in order to ensure limited exposure to credit markets.

Multifamily Overview

Debt Overview

The Springs at Gilbert Meadows represents an exciting acquisition located in Gilbert, AZ, an affluent and attractive suburb of Phoenix. The property’s prime location, which is part of a nationally recognized school district, provides easy access to major employment and entertainment centers throughout the Phoenix area.

The property is currently undergoing a projected $9mm capital improvement, focused on renovating units and significantly upgrading amenities. Renovations to the fitness center building, including concierge services and an indoor playground, as well as leasing center and primary clubhouse upgrades are expected to be completed during the 1st quarter of 2016. A Grand Opening of the upgraded units is expected to occur towards the end of the 1st quarter.

Property Features

Floating - Permanent

44% Fixed - Permanent

56%

0.6%

3.7% 2.1%

1.0%

20.6% 20.5% 19.1%

14.3%

10.7%

3.2% 4.2%

$0 MM

$20 MM

$40 MM

$60 MM

$80 MM

$100 MM

$120 MM

$140 MM

2015

20

16

2017

20

18

2019

20

20

2021

20

22

2023

20

24

2025

Fixed FloatingIncludes projected total capitalization of existing OpREIT assets and any available term extensions.

*

Fixed vs. Floating Debt Debt* Maturity by Year

0.6%

3.7% 2.1%

1.0%

20.6% 20.5% 19.1%

14.3%

10.7%

3.2% 4.2%

$0 MM

$20 MM

$40 MM

$60 MM

$80 MM

$100 MM

$120 MM

$140 MM

2015

20

16

2017

20

18

2019

20

20

2021

20

22

2023

20

24

2025

Fixed Floating

Debt* Maturity by Year

• Acquired: March 2015

• Built: 1986

• Units: 459

• Occupancy: 91%

• Amenities:

– Two swimming pools and two spas – Fitness center – Clubhouse and business center – Outdoor recreational areas – Dog park

Property Spotlight

THIS INFORMATION IS SOLELY FOR THE USE OF RESOURCE REAL ESTATE OPPORTUNITY REIT, INC. INVESTORS AND THEIR FINANCIAL ADVISORS AND IS NOT TO BE USED FOR ANY OTHER PURPOSE.

All data updated through 1/31/16 where applicable.

Selected Asset Sales Have Resulted in Approximately $29.3 Million in Profit

Resource Real Estate Opportunity REIT has to-date sold 16 assets1 Average annual return2 – 16% | Total profit - $29.3 mm

Aver

age

annu

al re

turn

Town ParkSold on 4/18/2013

Campus ClubSold on 6/16/14

ArcadiaSold on 9/19/14

The AlcoveSold on 1/26/15

RedfordSold on 2/27/15

Cityside CrossingSold on 3/2/15

0

6%

12%

18%

24%

30%

$1.25 MMProfit

$1.23 MMProfit

$2.06 MMProfit

$9.12 MMProfit

$8.74 MMProfit

$29.26 MM intotal sales profit

16.01%

2.32%

Average Annual Return for all assets sold

10 Year U.S. Treasury(Average 2011 - January 2016)

$4.49 MMProfit

1 In addition to the above highlighted properties, the REIT has also made the following transactions. West College – Purchased for $565,000 and sold for $790,000.  Heatherwood – Purchased for $1.7mm and sold for $1m. Governor Park – Purchased for $456,000 and sold for $456,938. Lafayette – Purchased for $210,000 and sold for $195,000.  Hilltop Village – Purchased for $1 and sold for $1. Omaha 5plex – Purchased for $225,000 and sold for $250,000. 100 Chevy Chase – Purchased for $6.85mm and sold for $13.5mm. Reserve at Mt. Moriah – Purchased for $2.28mm and sold for $5.5mm. Domain at Holcomb Bridge – Purchased for $4.87mm and sold for $5.98mm. Champion Farms – Purchased for $6.39mm and sold for $7.59mm. 2 Average annual return is calculated by dividing total cash flow from a property by its total capitalization (purchase price of property plus capital expenditures) - and then further divided by number

of years from purchases to sale to provide an annualized return on investment. Average annual return is used to calculate a specific investment’s return profile and is not equivalent to actual returns to individual shareholders.

3 Based on a $10.00 per share purchase price.

3

Resource Real Estate Opportunity REIT (the “REIT”) was formed in 2010, to provide investors with the opportunity to invest in the U.S. apartment market with an experienced sponsor. The goals of the REIT are to preserve and protect investor capital, to provide income to investors, and to provide the opportunity for investment growth. Entering 2016 these goals have continued to be met.

Preservation of Capital

The number one goal of most investments is to ensure that an investor’s capital is protected. The REIT has to date achieved this goal, carefully investing through a strategic acquisitions plan and then adding value to its acquisitions through Resource Real Estate’s proven methodologies. The most notable way to observe this value is through the independent 3rd party valuation that was completed in June of 2015. At the time of the valuation, only about 27 percent of the REIT’s portfolio was termed as being stabilized, meaning all value-add capital had been deployed and performance had been optimized. While the work had yet to be completed, the valuation nonetheless indicated a higher estimated value of $10.59 per share, vs. the original estimated value of $10.00 per share.

Income

Next to preservation of capital, investors in today’s economy are consistently seeking income. The REIT has provided strong, risk adjusted income to its investors since 2011, at first in the form of stock distributions, and later, as more properties became stabilized, in the form of a cash distribution. Today, the REIT is distributing 6 percent annually3 in cash, which is paid monthly to investors.

Growth

The REIT has continued to demonstrate its ability to grow investments, first through the aforemen-tioned change in net asset value, and second through the successful sale of assets. To date the REIT has sold 16 assets which have generated a weighted average annual return of over 16 percent and a cash profit of over $29 million.

REIT Performance

The Cannery | Dayton, OH

Pines of York | Yorktown, VA

THIS INFORMATION IS SOLELY FOR THE USE OF RESOURCE REAL ESTATE OPPORTUNITY REIT, INC. INVESTORS AND THEIR FINANCIAL ADVISORS AND IS NOT TO BE USED FOR ANY OTHER PURPOSE.

All data updated through 1/31/16 where applicable.

Financing Summary

Current Investment Portfolio

THIS INFORMATION IS SOLELY FOR THE USE OF RESOURCE REAL ESTATE OPPORTUNITY REIT, INC. INVESTORS AND THEIR FINANCIAL ADVISORS AND IS NOT TO BE USED FOR ANY OTHER PURPOSE.

All data updated through 1/31/16 where applicable.

REITI-Q116-001-Z01

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For information, call (866) 469-0129 or email IR@ResourceREIT.com

REIT Properties SoldREIT 2015 AcquisitionsREIT Assets Purchased Prior to 2015RAI Offices

1845 Walnut Street, 18th Floor | Philadelphia, PA 19103(866) 469-0129 | www.resourcereit.com