ORLANDO, FLORIDA

ORLANDO: THE MOST VISITED DESTINATION IN THE U.S.

More than 72 million people visit Orlando in a single year, surpassing New York, Chicago and Las Vegas in visitation. Home to seven of the world's top theme parks, Orlando - Theme Park Capital of the World® is the No. 1 family vacation destination in the US. Over 5.6 million international guests come to Orlando on an annual basis and top countries include Canada, United Kingdom, Brazil, and Mexico. Emerging markets include China and India. Shopping continues to be a key activity with over 93% of tourists shopping during their visit. Orlando’s theme parks are currently at work on exciting new projects, opening by the end of 2019, that will entice more visitors to the area such as Universal Orlando Resort, a highly anticipated Harry-Potter-themed rollercoaster in Hogsmead; Disney’s Hollywood Studios, Toy Story Land and Star Wars-themed Land; and Sea World Orlando, Sesame Street Land. Artegon Marketplace is transforming into a vibrant entertainment and mixed-use complex. In addition, Skyplex Entertainment Center and the Grand National mixed-use projects are also under development. PROPERTY OVERVIEW

ORLANDO VINELAND PREMIUM OUTLETS® ORLANDO, FL

MAJOR METROPOLITAN AREAS SELECT TENANTS

Orlando: 5 miles Saks Fifth Avenue OFF 5TH, adidas, ALL SAINTS, Bally, Bottega Veneta, ORLANDO VINELAND Bruno Cucinelli, Burberry, Calvin Klein, CH Carolina Herrera, Coach, Cole PREMIUM OUTLETS Haan Outlet, Ermenegildo Zegna, Gap Factory, Giorgio Armani, GUCCI, ORLANDO, FL HUGO BOSS, Jimmy Choo, John Varvatos, kate spade new york, RETAIL LACOSTE Outlet, Levi’s Outlet Store, New Balance Factory Store, MaxMara, MCM, Michael Kors, Nike Factory Store, The North Face, GLA (sq. ft.) 657,000; 160 stores Old Navy Outlet, Polo Ralph Lauren Factory Store, Prada, Salvatore Ferragamo, TAG Heuer, Tod’s, Tommy Hilfiger, Tory Burch, UGG®, Under Armour, Under Armour Footwear, vineland vines OPENING DATES

Opened June 2000 Expanded October 2008, 2013 TOURISM / TRAFFIC The center is located two miles from Walt Disney World and just minutes PARKING RATIO from other Orlando International tourist destinations including Sea World/ Discovery Cove/Icon Orlando 360, and Universal Studios. The 5.0:1 center welcomes over 17MM shoppers annually with nearly two thirds being international visitors, many of whom travel from Europe, North America, South America, and Asia. Orlando attracts over 72 million RADIUS POPULATION visitors annually with 25% of domestic tourists coming from New York, New Jersey, and Texas.

15 miles: 1,111,863 30 miles: 2,511,508 45 miles: 3,568,632 LOCATION / DIRECTIONS I-4, Rte. 535 (Exit 68) and Vineland Ave., Orange County, FL. Center has AVERAGE HH INCOME strong visibility on I-4 and has direct access from International Drive.

30 miles: $71,489 From I-4W toward Tampa: Exit 68. Left on Rte. 535S at light (Apopka- Vineland Ave.). Go under I-4, turn left on Vineland Ave. at light. Go one mile north on Vineland, just beyond Mary Queen of the Universe Shrine.

From I-4 heading east toward Orlando: A. Exit 68 (Rte. 535, Lake Buena Vista). Proceed straight through light to Vineland Ave. (sign s for Little Lake Bryan). Drive one mile north on Vineland Ave., just beyond Mary Queen of the Universe Shrine. B. Alternatively, Exit 7 1 (Central Florida Pkwy.). Proceed approximately one mile, turn right a t light onto International Dr. Proceed as below.

International Dr. at Central Florida Pkwy.: Drive 2.5 miles south on International Dr., site is on right-hand side. Information as of 5/1/19. Source: SPG Research; trade area demographic information per STI: PopStats (2018).

OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

The Mall at Millenia Orlando, FL 1,200,000 sf Bloomingdale's, Macy's, Neiman Marcus 8 miles / 10 minutes

The Florida Mall® 1,718,000 sf Dillard's, Macy's, JCPenney, Sears 10 miles / 15 minutes Orlando, FL

Orlando Fashion Square 1,070,000 sf Dillard's, JCPenney, Macy's, Sears 18 miles / 20 minutes Orlando, FL

West Oaks Mall 1,043,000 sf Dillard's, JCPenney, Sears 22 miles / 26 minutes Ocoee, FL

Seminole Towne Center Dillard's, Macy's, JCPenney, Sears, Sanford, FL 1,105,000 sf Burlington 40 miles / 45 minutes

OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Lake Buena Vista Factory Stores 238,000 sf 4 miles / 10 minutes Orlando, FL

Orlando Outlet Marketplace 199,000 sf 10 miles / 17 minutes Orlando, FL

Orlando International Premium Outlets® 774,000 sf 11 miles / 17 minutes Orlando, FL

Tanger Daytona Daytona, FL 350,000 sf 71.5 miles / 1 hour 30 minutes

Tampa Premium Outlets® Wesley Chapel, FL 460,000 sf 76 miles / 1 hour 15 minutes

Ellenton Premium Outlets® 477,000 sf 98 miles / 1 hour 33 minutes Ellenton, FL 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).