January 2019

JANUARY 2019 RETAIL Brookfield Properties’ retail group Overview Our mission is to own and operate best-in-class retail properties that provide an outstanding environment and experience for our Communities, Retailers, Employees, Consumers and Stakeholders. Headquarters Chicago Retail Properties 161 States 42 Inline & Freestanding GLA 68 Million Total Retail GLA 145 Million Pro Forma Equity Market Cap Approximately $20B Pro Forma Enterprise Value Value Approximately $40B 2 3 Featured Retailers 4 A Glimpse into Louisville, Kentucky Major Area Employers Local Employment Top Area Attractions United Parcel Service 21,233 Louisville Mega Cavern Louisville Slugger Museum & Factory Jefferson County Public Schools 14,476 Churchill Downs Ford Motor Company 12,600 Kentucky Derby Museum Norton Healthcare 12,247 Urban Bourbon Experience Humana, Inc. 12,000 Louisville hosts more than 24 million Bon Appetit Magazine has called Louisville visits annually for an estimated economic “One of the best foodie small towns in impact of $1.6 billion which supports America.” 26,000 local tourism-related jobs. Zagat says, “Louisville is one of the 7 up Louisville had 19,150 hotel rooms. and coming foodie towns in America.” 1,202 new rooms have opened in the last 2 years. According to Southern Living, Louisville is, “One of the top 10 tastiest towns.” Approximately 1,044 more rooms confirmed in the Louisville area pipeline over the next 24 months. Source: www.greaterlouisville.com; www.gotolouisville.com 5 Trade Area Demographics Trade Area Demographics Population 694,671 Households 283,356 Average Household Income $85,322 Households Earning $75,000+ 114,236 % of Households Earning $75,000+ 40.3% % with Bachelor’s Degree 38.5% Source: ESRI 6 Market Comparison Louisville demographics are comparable to those of the Nashville market, while offering greater population and depth of affluence than Birmingham, Oklahoma City or Lexington. Nashville, TN Lexington, KY (The Mall at Green Louisville, KY Oklahoma City, OK Birmingham, AL (Summit at Fritz 20 Mile Radius Hills) (Oxmoor Center) (Classen Curve) (The Summit) Farm) Population 1,122,298 1,117,214 1,028,742 831,765 516,377 Households 441,993 450,306 401,326 330,482 206,495 Average Household $85,883 $77,623 $75,630 $80,374 $78,028 Income Households Earning 119,662 107,966 93,938 84,266 51,086 $100,000+ % of total households 27% 24% 23% 25% 25% Households with Net 91,233 88,008 74,553 68,074 37,444 Worth $500,000+ % of Total Households 21% 20% 19% 21% 18% Avg Household Net $744,187 $727,722 $660,151 $768,978 $618,195 Worth Source: ESRI 7 Brookfield Properties’ Outdraw Other Retail Centers In the Louisville Market LOUISVILLE SHOPPER PATTERNS SHOPPER PROFILE OF SELECT LOUISVILLE CENTERS LOUISVILLE DMA RESIDENTS/SHOPPED QUARTERLY/SEASONALLY (PAST 3 MONTHS) MALL ST. MATTHEWS/ PADDOCK OUTLETS SHOPPES SHELBYVILLE RD OXMOOR CENTER SHOPS OF THE BLUEGRASS PLAZA 71 GREEN TREE MALL MARKET RESIDENTS (18+) 517,411 130,412 206,274 173,842 PADDOCK SHOPS AFFLUENCE OF SHOPPER OXMOOR CENTER SHOPPERS WITH INCOMES SHELBYVILLE RD PLAZA 209,482 81,422 99,971 78,186 MALL ST MATHEWS $75,000+ 64 SHOPPERS WITH INCOMES 124,296 54,176 59,408 51,599 THE OUTLET SHOPPES $100,000+ OF THE BLUEGRASS GENERATIONAL BREAKDOWN (% OF CENTER’S SHOPPER (AGE 18+) JEFFERSON MALL MILLENNIAL SHOPPERS 169,381 41,764 73,692 38,407 (18-34) (33%) (32%) (36%) (22%) 265 GEN X SHOPPERS 130,563 36,666 57,061 43,251 (35-49) (25%) (28%) (28%) (25%) BOOMER/SILENT SHOPPERS 217,467 51,982 75,521 92,184 (50+) (42%) (40%) (36%) (53%) 80% of shoppers of Paddock Shops, The Outlet Shoppes of the Bluegrass or Shelbyville Rd Plaza also shop at Mall St. Matthews or 1 Grey Dot = 10 Households Oxmoor Center. 1 Blue Dot = 10 Households with Incomes $75,000+ Source: ESRI, Nielsen Local 8 JILL NOLTE, SR. DIRECTOR, LEASING 312.960.5428 [email protected] RETAIL.

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