LAS AMERICAS PREMIUM OUTLETS® 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

LAS AMERICAS PREMIUM OUTLETS® , CA

MAJOR METROPOLITAN AREAS SELECT TENANTS

San Diego: 15 miles north adidas, American Eagle Outfitters, Ann Taylor Factory Store, Banana Tijuana, Mexico: 1 mile south Republic Factory Store, BCBGMAXAZRIA, Brooks Brothers Factory Store, Calvin Klein Company Store, Coach, Gap Factory Store, GUESS Factory o Store, HUGO BOSS Factory Store, Hurley, J.Crew Factory, Kenneth Ysidr RETAIL Dairy Mart Rd. ia San Cole Company Store, Kipling, LACOSTE Outlet, Michael Kors Outlet, V 805 GLA (sq. ft.) 555,000; 125 stores NikeFactoryHouse, Polo Ralph Lauren Factory Store, Puma, Reebok, USA Tommy Bahama Outlet, Tommy Hilfiger Company Store, True Religion,

ow Rd 5 Under Armour Factory House l OPENING DATES il Camino de W Camino de la Pla za East San Ysidro Blvd.

Opened 2001 TOURISM / TRAFFIC International Border Expanded 2005 San Diego is one of the top destinations in the United States with 70 miles Mexico of beaches, mountains and desert, exciting attractions, rich heritage 1 3 PARKING RATIO and a year-round temperate climate. The area welcomes more than 33 3.6:1 million visitors annually. The San Diego Blue Line trolley has a stop just LAS AMERICAS a short walk from Las Americas Premium Outlets. Vehicle travel at the PREMIUM OUTLETS intersection of I-5 and I-805 is over 140,000 daily. The traffic count RADIUS POPULATION (U.S. ONLY) SAN DIEGO, CA on I-5 at the Dairy Mart Road Exit is approximately 70,000 daily. The 15 mile population: 1,009,477 center is steps away from the busiest border crossing in the world where 30 mile population: 2,174,579 over 50 million people enter the U.S. annually. The primary purpose for 45 mile population: 2,809,726 crossing the border from Mexico to the U.S. is to shop (42%). Twenty- four percent of the crossings are people coming to work in San Diego.

AVERAGE HH INCOME (U.S. ONLY) LOCATION / DIRECTIONS 30 mile average: $83,180 The property is located in the southern region of San Diego County, off I-5, the primary north-south corridor on Camino de la Plaza, the last exit before the international border crossing into Mexico. — From I-5: Exit right on Dairy Mart Road, go 1/8th mile and turn left onto Camino de la Plaza. The center is one mile on the right. — From I-805: Exit on Camino de la Plaza, last exit before the international border crossing. Turn right and go 1/8th mile and turn left.

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

I-5

CAMINO DE LA PLAZA

USA ------MEXICO

NORT

H I-5

CAMINO DE LA PLAZA

USA

______T

MEXICO SURROUNDING AREA CENTERS

Salton Sea Beac Fallbrook

Camp Pendleton North Salton Bonsall Borrego Springs Valley Center SURROUNDING AREA CENTERS Camp Pendleton South Hidden Meadows Simon Centers Vista Competition San Marcos Escondido 2 Lake San Marcos 1 Las Americas Premium Outlets® Julian Encinitas6 1313 Ramona 2 Carlsbad Premium Outlets Rancho Santa Fe San Diego Country Estates 3 Solana Beach Poway Fairbanks Ranch 4 Del Mar Plaza Del44 Mar 5 Fashion Valley

San Diego 6 The Forum at Carlsbad Eucalyptus Hills 15 Mount Laguna 15 Descanso 7 Winter Gardens Alpine1010 Pine Valley Bostonia Crest 8 El9 9Cajon Granite Hills 9 Parkway 551212 Casa de Oro-Mount Helix Rancho San Diego 10 Viejas Outlet Center Lemon Grove7 Ocotillo Jamul 11 La Presa 11 Westfield Horton Plaza National City 12 14 Bonita Boulevard Coronado 14 Campo 13 3 Chula Vista8 Jacumba 3 8 Potrero 14

Imperial Beach 15 Westfield UTC 1

15 MILES MEXICO

30 MILES

45 MILES OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Chula Vista Center 876,000 sf JCPenney, Macy’s, 8 miles / 10 minutes Chula Vista, CA

Otay Ranch Town Center 850,000 sf Barnes & Noble, Macy’s, REI 10 miles / 17 minutes Chula Vista, CA

Westfield Plaza Bonita 822,000 sf JCPenney, Macy’s 11 miles / 13 minutes National City, CA

Westfield Horton Plaza 800,000 sf Macy’s, 16 miles / 20 minutes San Diego, CA

Westfield Mission Valley 1,372,000 sf Macy’s, Nordstrom Rack, Target 19 miles / 22 minutes San Diego, CA

Fashion Valley Neiman Marcus, Nordstrom, 1,721,000 sf 20 miles / 23 minutes San Diego, CA Bloomingdale’s, Macy’s, JCPenney

OUTLET SHOPPING GROSS LEASABLE AREA DISTANCE / DRIVE-TIME

Outlets at the Border 134,000 sf .5 miles San Ysidro, CA

Viejas Outlet Center 255,000 sf 40 miles / 46 minutes Alpine, CA

Carlsbad Premium Outlets® 289,000 sf 50 miles / 55 minutes Carlsbad, CA

Lake Elsinore Outlets 369,000 sf 90 miles / 1 hour 26 minutes Lake Elsinore, CA 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).