BARCELONETA,

PROPERTY OVERVIEW

PUERTO RICO PREMIUM OUTLETS® BARCELONETA, PR

MAJOR METROPOLITAN AREAS SELECT TENANTS PUERTO RICO PREMIUM OUTLETS San Juan: 40 miles adidas, American Eagle Outfitters, Ann Taylor Factory Store, Banana BARCELONETA, PR Republic Factory Store, Calvin Klein Company Store, Coach Factory Store, G.H. Bass & Co., Gap Outlet, GUESS Factory Store, Gymboree Dorado RETAIL Outlet, Kipling, LACOSTE Outlet, LOFT Outlet, Michael Kors Outlet,N 2 Barceloneta 22 San Juan Nautica, Nike Factory Store, Nine West Outlet, Olive Garden, Perry Ellis, Arecibo GLA (sq. ft.) 350,000; 90 stores Bayamon Polo Ralph Lauren Factory Store, Puma, Tommy Hilfiger Company StoreAguadilla OPENING DATES TOURISM / TRAFFIC Mayaguez Opened 2000 10 Expanded 2008 Located in the ’s pharmaceutical industry hub town of 52 Barceloneta, Puerto Rico Premium Outlets serves the entire island population of four million people and is easily accessible from all major 2 RADIUS POPULATION cities, including the two million people of the San Juan metro area. The Ponce property is strategically positioned in the north coastal region of Puerto 15 miles: 322,702 Rico immediately off Express 22, the primary east-west transportation 30 miles: 1,465,850 corridor, just 45 minutes west of San Juan. This major thoroughfare 45 miles: 3,100,039 experiences traffic counts of 70,000 vehicles per day and connects to two other major highways, Route 52 and Route 10 (Ponce, PR). Puerto AVERAGE HH INCOME Rico is densely populated along the northern coast with a population of 3.1 million within a 45-mile radius. Puerto Rico Premium Outlets 30 miles: $31,494 is the most productive outlet center in Puerto Rico with the Puerto Rican shopper spending a disproportionate amount of their disposable income on retail shopping, particularly shoes, children’s clothing, and accessories. The center was the sixth most highly trafficked center in the Simon Premium Outlets portfolio in 2016. Annual traffic counts at Puerto Rico Premium Outlets consistently rank at the top of the portfolio alongside the most productive and highly trafficked centers in the world.

LOCATION / DIRECTIONS

— From San Juan: Take Rte. 22W, Salida/Exit 55 (Barceloneta) — From Arecibo: Take Rte. 22E, Salida/Exit 55 (Barceloneta/Manati Oeste) — From Aguadilla/Mayaguez: Take Rd. 2 to Rte. 22E, Salida/Exit 55

Information as of 5/1/17. Source: SPG Research; (Barceloneta/Manati Deste) trade area demographic information per STI: PopStats (2016). MASTER PLAN

BANANA REPUBLIC NIKE FACTORY STORE FACTORY STORE MICHAEL KORS A|X ARMANI AMERICAN EAGLE COACH OUTFITTERS

GAP OUTLET SHOE CARNIVAL

OLD NAVY

PREMIUM OUTLETS BLVD. POLO RALPH LAUREN ADIDAS FACTORY STORE

PR6140

CARIBBEAN CINEMAS

NORTH

PR 2 AERIAL OVERVIEW

RTE. 22

RD. 2

H

NORT SURROUNDING AREA CENTERS

Simon Centers Competition 45 MILES 1 Puerto Rico Premium Outlets® 2 3 4 The Outlets at Route 66 Mall 5 6 30 MILES 7 8 Plaza del Sol 9 Plaza Las Americas 10

15 MILES

Isabela Camuy Hatillo Carrizales Breñas Dorado Rafael Hernández Quebradillas 6 7 Barceloneta La Luisa Sabana Levittown Cacao Alianza Corcovado Animas Aceitunas San Antonio Ingenio Cataño Loíza Cabán Tiburones Coto Norte 10 Suárez Rafael González Bajadero 1 Bayamón Piedra Gorda Búfalo Manatí Vega Alta 9 98 3 Vieques Rafael Capó 7 Carolina Moca Mucarabones San Isidro Aguada La Alianza Pajonal Miranda 8Guaynabo San Juan45 La3 Dolores Palmer Las Cr Quebrada Galateo Pájaros Trujillo Alto 4 Luyando Hato Arriba Florida Bartolo Faj Rincón Fránquez Corozal H. Rivera Colón Campo Rico Ramos San Sebastián Ciales Juncal Lares Morovis Stella Naranjito Luis M. C Las Marías Cayuco Utuado La Liga Lomas Espino Benítez La Playa Bairoa La Vienticinco Ceiba El Mangó Duque Agu Santa Clara Parcelas2 de Navarro Jayuya Orocovis 2 Peña Pobre Daguao Mayagüez Barranquitas Rodríguez Hevia Los Panes Naguabo Maricao Parcelas La Milagrosa Parcelas Viejas Borinquen La Fermina Adjuntas Humacao Hormigueros Anon Raices Aibonito Parcelas Nuevas Jagual Punta Santiago Villalba Pastos Cayey Buena Vista Monte Grande Monte Verde G. L. García Sabana Grande Candelero Abajo Parcelas Mandry Vázquez Martorell Puerto Real Sabana Eneas Santo Domingo Palmarejo Comunas Guayabal Rosa Sánchez Boquerón Lajas Tallaboa Alta Liborio Negrón Torres Río Cañas Abajo La Plena El Negro Betances Lluveras Magas Arriba Aguilita Yaurel Palomas Las Ollas Mariano Colón Coco Magüayo Calzada Palmas Palo Seco El Combate Fuig Indios Tallaboa Olimpo Emajagua 5 El Ojo Las Ochenta Lamboglia Pole Ojea La Parguera María Antonia 6Potala Pastillo Coquí Corazón Jauca Guánica Santa Isabel Playita Jobos Arroyo Central Aguirre OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Centro Gran Caribe 388,000 sf Big Kmart 16 miles / 25 minutes Vega Alta, PR

Plaza del Norte JCPenney, OfficeMax, Sears, Toys “R” Us, 671,000 sf 19 miles / 20 minutes Hatillo, PR

Plaza del Atlantico 1,255,000 sf Big Kmart, Capri 21 miles / 24 minutes Arecibo, PR

Plaza Rio Hondo 538,000 sf Best Buy, Big Kmart, Caribbean Cinema’s 28 miles / 40 minutes Bayamon, PR

Plaza del Sol Bed Bath & Beyond, Caribbean Cinema’s, 676,000 sf 29 miles / 45 minutes Bayamon, PR Home Depot, Walmart

Mall of San Juan 640,000 sf Saks Fifth Avenue, 40 miles / 55 minutes San Juan, PR

Plaza Las Americas 2,180,000 sf JCPenney, Sears 42 miles / 1 hour San Juan, PR

Plaza Carolina JCPenney, Sears, Tiendas Capri, 1,158,000 sf 43 miles / 50 minutes San Juan, PR Best Buy, DSW, T.J. Maxx

Mayaguez Mall Big Kmart, JCPenney, Marshalls, Sears, 1,007,000 sf 45 miles / 1 hour 25 minutes Mayaguez, PR Walmart

Plaza del Caribe 723,000 sf JCPenney, Sears 64 miles / 1 hour 43 minutes Ponce, PR

OUTLET SHOPPING GROSS LEASABLE AREA DISTANCE / DRIVE-TIME

The Outlets at Route 66 Mall 446,000 sf 50 miles / 1 hour 16 minutes Canovanas, PR 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).