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Home , Collin Creek Mall, Legacy West, Stonebriar Centre, The Shops at Willow Bend

The Shops at Willow Bend Plano, About Starwood Capital Group SCG Platforms Starwood Hotels & Resorts • Private investment firm with a primary focus on (NYSE: HOT) Starwood Property Trust global real estate, with approximately $52 billion (NYSE: STWD) and iStar (NYSE: STAR) of assets under management TRI Pointe Homes Starwood Retail Partners • In 26 years, has acquired $86 billion of assets Starwood Waypoint Residential Trust (NYSE: SWAY), now trading as Colony across virtually every major real estate asset class Starwood Homes (NYSE: SFR) Starwood Land Ventures • One of the largest collections of multifamily apartments in the

• One of the largest portfolios of select-service hotels in the United States

• Starwood Capital has invested in more than 30 countries, ranging from the Americas to Europe to Asia

STARWOOD THE CENTER THE MARKET The Shops at Willow Bend About Starwood Retail Partners Other Redevelopments Stony Point Fashion Park • Among the top 5 owners of malls in the US Richmond, VA Chef-driven dining and landscaping will join new parks, public art and the • 30 malls and lifestyle centers, with locations in only outdoor skating rink in the city 11 of the top 20 DMAs Northlake Mall Charlotte, NC Adding 200,000 SF of lifestyle retail, home furnishings, dining and • 100 million+ combined annual visits entertainment

Northridge Mall • $84,600 trade area average household income Salinas, CA Creating new entertainment and retail uses along with a new, relocated JCPenney

The Mall at Wellington Green Wellington, FL New dining, gathering places and services will join a new Paragon Theater

STARWOOD THE CENTER THE MARKET The Shops at Willow Bend The Shops at Willow Bend in Plano, Texas, already DENTON, TX a luxury shopping headquarters for one of the MCKINNEY, TX wealthiest counties in the United States, is evolving

into something even greater: a multifaceted core PLANO, TX where people can shop, dine and work.

DALLAS, TX

Now in the middle of a $125 million reimagining MESQUITE, TX ARLINGTON, TX and renovation, The Shops at Willow Bend is 10 MILES becoming that core for Plano and North , evolving into a town center with unique dining experiences, office space, the Plano Children’s Theater, a Cinépolis luxury cinema, an Equinox club, and one of four Crayola Experience family entertainment centers in the US. Join us.

TheSTARWOOD Shops atTHE Willow CENTER Bend THE MARKET ThePlano, Shops Texas at Willow Bend Remaking a Classic for a New Plano

A $125 Million redevelop- ment will make The Shops at Willow Bend: Even easier to see: Reorientation creates greater visibility from the Even easier to access: New access from the frontage road of the Dallas North Tollway Even easier to embrace: Adding restaurants, office, entertainment, live theater, fitness and more to create a convenient, safe and entertaining town center

STARWOOD THE CENTER THE MARKET The Shops at Willow Bend The Master Plan: Approximately 420,000 SF of mixed-use space, for a WILLOW BEND more tailored and unique SITE PLAN: consumer experience, to MASTERPLAN include: 60,000 SF Crayola family entertainment venue 30,000 SF Equinox club 40,000 SF Cinépolis luxury cinema 70,000 SF dining district with up to nine exciting restaurants and nightclubs 20,000 SF Plano Children’s Theater 200,000 SF Class A office

5

STARWOOD THE CENTER THE MARKET The Shops at Willow Bend • Plano’s largest mall, in an intimate setting

• Home to the only Neiman-Marcus in North Dallas, Macy’s and Dillard’s, fashion retailers, cosmetic brands, and home furnishings

• Eight access points from three major highways and other major roadways

• $125 million renovation will bring additional entertainment, dining and offices

Property Description

major roads Dallas North Tollway, Sam Rayburn center description Enclosed multi-level center Tollway, President George Bush anchors Neiman-Marcus, Dillard’s, Macy’s Turnpike, West Park Boulevard key tenants Crate & Barrel, Bose, Apple, Hollister, total sf 1,200,000 Anthropologie, Forever 21, PINK, # of stores 150 Brooks Brothers, J. Crew, Restoration Hardware, LOFT, Vineyard Vines, LUSH, # of parking 6,800 and MAC

STARWOOD THE CENTER THE MARKET The Shops at Willow Bend “A plethora of popular retail stores, beautiful and easy to navigate ... Easy for a quick stop or an afternoon of shopping,” — 10best.com, 2016 “The Shops at Willow Bend is going through a transformational change with its $125 million expansion and remodeling project.”

—communityimpact.com, March 2017

STARWOOD THE CENTER THE MARKET The Shops at Willow Bend • 30 minutes from DFW, the fourth busiest airport in the US

• The heart of the “Platinum Corridor” that runs from Interstate 635 to Highway 121 in Frisco

• Nearly 220,000 daytime workers and 336,000 residents (52% female) within five miles

• See the new Willow Bend video here

Executive Sweet Within five miles: 218,000 daytime workers supported by 17,500 businesses 31,000 households earn $150,000+ 3 of 4 workers occupy white-collar Projected average household income positions with heavy concentration of of $120,300 by 2022 professional, scientific and technical jobs Affordable housing with a median home value of $278,500

STARWOOD THE CENTER THE MARKET The Shops at Willow Bend FRISCO

24 MILES Distance to Competition Wade Park Collin Creek Driving – 10 mi, 19 min

The Platinum Corridor Driving – 8 mi, 20 min Grandscape The Shops at Legacy Driving – 7 mi, 12 min Grandscape Northpark Center Driving – 15 mi, 33 min

Dallas North Tollway West Park Blvd The Shops at Legacy / 138,600 AADT LEWISVILLE 40,300 AADT Legacy West The Shops at Driving – 4 mi, 9 min Sam Rayburn Tollway Willow Bend 146,200 AADT HEBRON Stonebriar Centre Midway Road PLANO Driving – 6 mi, 10 min 31,800 Vista Ridge Mall Driving – 11mi, 24 min Vista Ridge Mall Dallas North Tollway Wade Park 171,100 AADT President George Bush Turnpike Driving – 6 mi, 10 min 147,700 AADT COPPELL CARROLLTON ADDISON Legend AIRPORT Primary Trade Area DFW INT’L AIRPORT Secondary Trade Area RICHARDSON Competition

Access Roads Galleria Dallas (AADT= annual average Northpark Center (Dallas) daily traffic) 3 MILES

STARWOOD THE CENTER THE MARKET The Shops at Willow Bend Siemens PLM Software Fannie Mae Intel Security Rent-A-Center (HQ) FedEx Office & Print Services PepsiCo Capital One Finance A Haven for Employment Toyota Motor North America Alliance Data Systems (HQ) JC Penney (HQ) Alliance Data Systems (HQ) Frito-Lay JP Morgan Chase Dr Pepper Snapple Group (HQ) Liberty Mutual Cinemark Holdings (HQ) Insurance Company Hewlett Packard Enterprise Pizza Hut Yum! Restaurants Dr. Pepper Snapple Group (HQ) JCPenney (HQ) Rent-a-Center (HQ)

Tyler Technologies Capital One Finance CIgna Liberty Mutual Insurance Call Center Cinemark Holdings (HQ) Intel Security Hewlett Packard Enterprise Liberty Mutual Insurance Texas Health Presbyterian Hospital Company Medical Center of Plano 544 289 Nokia The Shops at United Health Group, Student Resources Willow Bend PepsiCo The Hope Center Foundation Toyota Motor North State Farm Insurance America (Richardson) Cigna Medical Center of Plano XO Communications Hyundai Capital America The Heart Hospital Baylor Legend Nokia Primary Trade Area Transamerica Insurance Key Employers 1 MILE State Farm Insurance Net Scout Systems Operations Center

STARWOOD THE CENTER THE MARKET The Shops at Willow Bend • Affluent, educated trade area residents with nearly50% of Primary Trade Area adults holding a college or advanced degree Average Household Expenditures Well Above US • A population growth rate that is more than double the $3,091 on food away from home, 23% above US national average thanks to a vibrant influx of businesses and $244 on alcoholic beverages corporate headquarters, and a relatively low cost of living away from home, 36% above US $2,408 on apparel, 22% above US • Consumer retail spend trends 20%–40% above the national $1,160 on sports and average for apparel, restaurants, and entertainment recreation, 34% above US $1,187 on personal care products and services, 22% • 40% of trade area households have children under 18 above US $780 on home furnishings, 24% above US

STARWOOD THE CENTER THE MARKET The Shops at Willow Bend • 10th largest retail market in the US

• Collin County is one of the most affluent in the United States

• 4th largest region and 4th fastest-growing region in the United States, adding 1 person every 4 minutes

• Most diverse economy in Texas

Know the Visitors 140 hotels with more than 17,000 rooms More than 12 million business visitors to within 10 miles the metro area annually Eight more hotels to open in Plano in 110 museums throughout North Texas 2017 and 2018 13 professional sports teams Collin County ranks 8th in the state for 52 wineries in the region visitor spending The Texas State Fair averages 2.5 million attendees annually

STARWOOD THE CENTER THE MARKET The Shops at Willow Bend MCKINNEY

Large And Getting Larger

289 North Texas Region estimated to grow FRISCO to 7.9 million people by 2020 and 10 million by 2030 Wade Park Plano is the region’s 4th ALLEN largest city Stonebriar Centre Trade Area

Legacy West The Shops at Legacy 15 MILES Population of 1.6 million Grandscape people projected to grow The Shops at 10 MILES 10% by 2022 Willow Bend 5 MILES Ranked best communities

HEBRON for education and young families in America PLANO Collin Creek Mall More than 300,000 children age 5 to 17 FLOWER MOUND Vista Ridge Mall I-35E 78 200+ public schools I-75 located in Plano and CARROLLTON ADDISON 121 AIRPORT adjacent school districts COPPELL RICHARDSON Legend Galleria Dallas Trade Area Population Density FARMERS I-635 per SqMi BRANCH GARLAND DFW INT’L Over 4,000 AIRPORT 3,000 to 4,000

2,000 to 3,000

Northpark Center 0 to 2,000

5 MILES DALLAS LOVE FIELD AIRPORT

STARWOOD THE CENTER THE MARKET The Shops at Willow Bend MCKINNEY

A Country in a Region 289 North Texas 23rd GDP in world and 9th FRISCO in US Ranks 3rd in US metro Wade Park areas for relocations and ALLEN business growth Stonebriar Centre Median home price is the

Legacy West The Shops at Legacy 15 MILES 4th lowest among top 20 Grandscape US metro areas 10 MILES The Shops at Trade Area Willow Bend 5 MILES Plano ranked among best cities for first-time home HEBRON buyers and working parents PLANO Collin Creek Mall Average household income of $116,500 is 44% FLOWER MOUND Vista Ridge Mall higher than US I-35E 78 I-75 75,500 households have 121 CARROLLTON ADDISON AIRPORT incomes above $200,000 COPPELL RICHARDSON 1 in 2 adults have a college+ degree Galleria Dallas

FARMERS I-635 BRANCH GARLAND Legend DFW INT’L Trade Area Boundary AIRPORT Competition

Hhlds Earning $200,000+ Northpark Center Each Dot = 5 Households

5 MILES DALLAS LOVE FIELD AIRPORT

STARWOOD THE CENTER THE MARKET The Shops at Willow Bend Demographics PTA1 STA2 TTA3 US Avg Population 2017 estimate 638,263 944,702 1,582,965 “America’s best place to move” 2022 projection 694,049 1,040,286 1,734,335 —Forbes % growth 2017–2022 8.7% 10.1% 9.6% 3.8% Population White 63% 68% 66% 70% “Second in the country’s By Race Black 10% 10% 10% 13% largest homes” Asian 16% 10% 13% 6% —realtor.com Hispanic/Latino Ethnicity 18% 19% 19% 18% 38 36 37 38 Median Age “Second in top 25 cities for % age 15-24 12% 14% 13% 14% working parents” % age 25 to 44 30% 28% 29% 26% —Business Insider % age 45 to 64 28% 26% 27% 26% Households 2017 estimate 250,904 329,895 580,799 2022 projection 272,885 362,001 634,886 “Second in top 10 cities to 2017 households with kids under 18 37% 44% 41% 34% raise a family” Average 2017 estimate $116,363 $116,604 $116,500 $80,853 —livability.com Household % earning $100,000+ 42% 45% 43% 26% Income 2022 projection $127,842 $128,316 $128,112 $87,464 “Ninth best city for young Education % Bachelor’s Degree 32% 30% 31% 18% entrepreneurs”

% Advanced Degree 18% 15% 16% 11% —nerdwallet.com

1-MILE 3-MILE 5-MILE 10-MILE Plano #3 in Best Places to Business & business establishments 1,071 6,412 17,505 59,700 Live in America and #1 in Best Employment daytime employment 14,951 64,826 217,554 750,894 Places to Live in Texas

—Money

1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area

STARWOOD THE CENTER THE MARKET The Shops at Willow Bend Predominant Market Lifestyle Segments

Accumulated Wealth—35% Affluent Empty Nesters—16% • Families & couples age 50+ • Upscale couples age 45+ • Upscale, college-educated with children baby boomers • College-educated holding • Sprawling suburban homes executive and professional • Disposable cash and positions sophisticated tastes • Disposable cash with active • Enjoy top-of-the-line lifestyles electronics, sporting • Involved in the community equipment, cars and • Indulge in travel, cultural vacations events, and exercise equipment

Midlife Success—12% Young Achievers —11% • Singles & couples in their 30’s • Urban and metro and 40’s neighborhoods • Wealthiest of the Younger • Ethnically diverse and blend Years class of family types • College-educated with six- • Establishing or mid-career figure incomes • Enjoy sports and • Executive and professional entertainment activities jobs • Some of the most tech savvy • Fans of technology, financial consumers products, and travel

STARWOOD THE CENTER THE MARKET The Shops at Willow Bend Starwood Retail Partners: A New Kind Of Owner For A New Generation Of Retail

Starwood Retail Partners is not your father’s — or your grandfather’s — landlord. We’re acquiring, redeveloping, managing, leasing and operating the next generation of shopping centers for a new generation of shoppers: active, exciting community cores for an increasingly interconnected consumer.

Owned by Starwood Capital Group, we’ve grown our portfolio to 30 centers in 16 states across the United States since our founding in 2012, working with top-tier investment firms to help finance our properties, and employing the talents and skills of the most creative professionals in the business to maximize their value.

We build solid relationships and partner with our retailers to ensure that they are in the right property at the right time, with the right deal to support their success now and in the future. We invest in innovative technologies that help our properties become more productive, our stores more exciting and our shoppers more engaged.

We understand that ultimately, as an owner, as an employer and as a citizen of our communities, it’s not about property, it’s about people.

California Metreon The Arboretum of South Barrington Northlake Mall Northridge Mall Chicago Ridge Mall Parkway Plaza Louis Joliet Mall Plaza West Covina The Promenade Bolingbrook Belden Village Mall Solano Town Center Franklin Park Mall Great Northern Mall SouthPark Mall Belmar Texas Vince O’Toole / Senior Director, Leasing / 817.228.7785 / Hamburg Pavilion The Shops at Willow Bend [email protected] Blue Back Square MacArthur Center Bill Cikalo / Director, Big Box Leasing & Development / 312.283.5121 / The Mall at Wellington Green The Mall at Partridge Creek Stony Point Fashion Park [email protected] Westland Mall Montana Rimrock Mall Capital Mall Bryant Siragusa / Vice President, National Restaurant and Entertainment The Collection at Forsyth Kitsap Mall Leasing / 214.771.2003 / [email protected] Gateway Mall Michael Powers / Senior Vice President, Leasing / 312.242.3208 / [email protected]

Sources: The Nielsen Company; State Department of Transportation; State and Local Economic Development Resources 05/05/17 Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com

STARWOOD THE CENTER THE MARKET The Shops at Willow Bend