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TANGER OUTLETS - GALVESTON/ THE SIMON EXPERIENCE — WHERE BRANDS & COMMUNITIES COME TOGETHER

More than real estate, we are a company of experiences. For our guests, we provide distinctive shopping, dining and entertainment. For our retailers, we offer the unique opportunity to thrive in the best retail real estate in the best markets.

From new projects and redevelopments to acquisitions and mergers, we are continuously evaluating our portfolio to enhance the Simon experience - places where people choose to shop and retailers want to be.

We deliver:

SCALE Largest global owner of retail real estate including Malls, Simon Premium Outlets® and The Mills®

QUALITY Iconic, irreplaceable properties in great locations

INVESTMENT Active portfolio management increases productivity and returns

GROWTH Core business and strategic acquisitions drive performance

EXPERIENCE Decades of expertise in development, ownership, and management That’s the advantage of leasing with Simon. PROPERTY OVERVIEW

TANGER OUTLETS–GALVESTON/HOUSTON JOINT VENTURE WITH TANGER OUTLETS

TEXAS CITY, TX 59

MAJOR METROPOLITAN AREAS SELECT TENANTS

610 10 Galveston: 20 miles Ann Taylor Factory Store, Banana Republic Factory Store, Calvin Klein 90 Houston 10 Houston: 30 miles Company Store, Coach, Michael Kors Outlet, Polo Ralph Lauren Factory Baytown Store, Tommy Hilfiger Company Store Sugar Land Pasadena RETAIL City

TOURISM / TRAFFIC 45 GLA (sq. ft.) 353,000 Expansion GLA (sq. ft.) 50,000 Houston is the fourth largest U.S. city and the largest city in . The Texas City metro area’s population is over six million, ranking it fifth among U.S. OPENING DATES MSAs. More than 100,000 vehicles travel daily on I-45 past the site. Galveston sits only 20 miles south of the site and offers 32 miles of TANGER OUTLETS– 45 Galveston Opened 2012 beaches, restaurants and top resort hotels. It attracts over five million GALVESTON/HOUSTON Expansion Opening 2016 visitors each year and is a popular getaway destination for Houstonians. TEXAS CITY, TX

RADIUS POPULATION MAJOR ATTRACTIONS

15 mile population: 514,776 Resort area at Galveston, NASA’s 30 mile population: 2,091,726 45 mile population: 4,598,362 LOCATION / DIRECTIONS

AVERAGE HH INCOME — From Houston: South on I-45 to Exit 17, Holland Road — From Galveston: North on I-45 to Exit 17, Holland Road 30 mile average: $76,123

Information accurate as of 5/1/15. Sources: SPG Research; trade area demographic information per Pitney Bowes MapInfo (2014). SITE AND PLAN

LAGO MAR BLVD.

OUTLETS BLVD.

I-45 / GULF FWY.

NORTH Expansion Existing SURROUNDING AREA CENTERS

Stagecoach oteegts Dayton Lakes Hardin Hull Tomball Sour Lake Kene‡ck Daisetta Prairie View Be Spring Waller Liberty China Houston Ames SURROUNDING AREA CENTERS Nome Devers Dayton 55 Simon Centers Humble Atascocita 10 Competition

88 Fannett Aldine Crosby 1 Tanger Outlets - Galveston/Houston Jersey Village Old River-Winfree Barrett 2 Sheldon Taylo Mont Belvieu 3 tison Winnie Highlands Cove 4 15 Katy Hilshire Village1412 Cloverleaf Channelview 17 ookshire 11 16 1113 Stowell 5 Bunker18 Hill Village Jacinto City Anahuac Cinco Ranch 16 14 Galena Park Baytown 6 Mall 7 9 2018 West University7 Place9 17 7 Mission Bend Southside19 Place Deer Park Beach City on Fulshear 8 Four Corners Morgan's Point Weston Lakes Meadows Place South Houston Oak Island Pasadena La Porte 9 Highland Village Shopping Center Staord Pecan Grove 22 Shoreacres 10 Houston Premium Outlets chard Fifth Street Seabrook 11 Cumings Richmond 66 Brookside Village 1513 El Lago 12 Mall of the Mainland Greatwood Pearland 3 Shores Rosenberg Friendswood3 Texas City Missouri City Fresno 13 League City Kemah Bacli San Leon Beasley Arcola 14 Pleak Thompsons Sienna Plantation Manvel 15 on Texas City Fairchilds Colony Bolivar Peninsula 16 River Oaks Shopping Center Alvin 1 10 17 Needville Hillcrest 12 Santa Fe La Marque 18 Town & Country Village Rosharon 19 The Bayou Vista Liverpool 20 Bonney Tiki 15Island MILES Damon Hitchcock Boling Iago Galveston

Danbury 30 MILES Holiday Lakes Jamaica Beach

Angleton 45 MILES Bailey's Prairie West Columbia

Wild Peach Village Richwood Sweeny Brazoria 44 Van Vleck Clute

Jones Creek Oyster Creek Bay City Freeport Surfside Beach Quintana OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Baybrook Mall Macy’s, Dillard’s, JCPenney, 1,240,000 sf 10 miles / 14 minutes Friendswood, TX , Coach, The Apple Store

Pearland Town Center 718,000 sf Macy’s, Coach 29 miles / 39 minutes Pearland, TX

The Galleria® Neiman Marcus, Saks Fifth Avenue, 1,902,000 sf 38 miles / 45 minutes Houston, TX Nordstrom, Macy’s

OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Gulfway Plaza 177,000 sf 5 miles / 8 minutes La Marque, TX

Houston Premium Outlets® 542,000 sf Saks Fifth Avenue OFF 5TH 60 miles / 1 hour 8 minutes Cypress, TX

Katy Mills® Neiman Marcus Last Call, 1,747,000 sf 60 miles / 1 hour 8 minutes Katy, TX Saks Fifth Avenue OFF 5TH 60 Columbia Road Building B 3rd Floor Morristown, NJ 07960 (973) 228-6111 premiumoutlets.com

Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG).