North Georgia Premium Outlets® the Simon Experience — Where Brands & Communities Come Together

NORTH GEORGIA 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

NORTH GEORGIA PREMIUM OUTLETS® DAWSONVILLE, GA NORTH GEORGIA PREMIUM OUTLETS DAWSONVILLE, GA 400 MAJOR METROPOLITAN AREA SELECT TENANTS 53 Atlanta: 45 miles south Saks Fifth Avenue OFF 5TH, adidas, Ann Taylor Factory Store, Armani Dawsonville From 318 Outlet, Banana Republic Factory Store, Brooks Brothers Factory Store, Tennessee Gainesville

Burberry Factory Outlet, Calvin Klein Company Store, Chico’s, Coach 20 Lake om South RETAIL 369 53 Fr olina Factory Store, Cole Haan Outlet, DKNY Company Store, Elie Tahari Lanier Car Alpharetta GLA (sq. ft.) 540,000; 140 stores Outlet, Gap Factory Store, HUGO BOSS Factory Store, J.Crew Factory, Cumming 85 Roswell 400 75 kate spade new york, Kenneth Cole Company Store, Michael Kors Outlet, Dunwoody Nautica, NikeFactoryStore, The North Face, Polo Ralph Lauren Factory Athens OPENING DATES Sandy Store, Pottery Barn, Reebok Outlet, Restoration Hardware, Talbots Springs Outlet, Timberland Outlet, Tommy Hilfiger Company Store, Under Buckhead Opened 1996 285 20 Expanded 1997, 1998, 1999 Armour Factory House, Williams-Sonoma Atlanta From Alabama 75 85 20 PARKING RATIO TOURISM / TRAFFIC

6.5:1 The city of Atlanta hosts over 17.5 million visitors annually. Lake Lanier hosts more than four million visitors annually. The world’s largest aquarium opened in November 2005. RADIUS POPULATION

15 mile population: 281,878 LOCATION / DIRECTIONS 30 mile population: 1,448,280 45 mile population: 3,658,430 Forty minutes north of Atlanta at the northwest corner of Georgia SH 400 & SR 318 (Dawson Forest Road), bordering Lake Lanier at the gateway to the North Georgia mountains. AVERAGE HH INCOME

30 mile average: $90,649 — From Atlanta Airport: Follow signs to I-85N and continue on I-85N (left lanes in the downtown area) to Exit 29-SH 400. Proceed on SH 400 to Dawsonville and turn left at the traffic signal at Dawson Forest Road (SR 318) to entrance.

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

SR 9E DAWSON FOREST RD. E

US 19 / SR 400

NORT US19 / SR400 SURROUNDING AREA CENTERS

SURROUNDING AREA CENTERS McCaysville Tate City Dillard Simon Centers Cohutta Epworth Young Harris Competition Mineral Blu Mountain City Varnell Blue Ridge Morganton Blairsville Clayton 1 North Georgia Premium Outlets® l Hill Tiger Eton 45 MILES 2 Avalon 3 The Avenue East Cobb Chatsworth Cherry Log Walhalla Dalton West Un 4 The Avenue Webb Gin Tallulah Falls 5 Buckhead Atlanta Helen Ellijay 30 MILES 6 The Collection at Forsyth East Ellijay Sautee Nacoochee Westminster 7 Cumberland Mall Yonah 8 The Forum at Peachtree Parkway Clarkesville Cleveland 9 Georgia Square Mall Resaca Toccoa Demorest 10 Gwinnett Place 15 MILES 11 Lakeshore Mall Talking Rock Dahlonega Mount Airy Ranger Avalon 12 Lenox Square Calhoun Baldwin Gumlog Clermont Martin Raoul Alto 13 Mall of Georgia Jasper Fairmount 14 North Dekalb Mall Dawsonville nville 15 North Point Mall Nelson Lula Lavonia Carnesville Adairsville Bowersville 16 Northlake Mall Ball Ground 1 Canon Homer 17 The Outlet Shoppes at Atlanta Gainesville Waleska Gillsville 18 Perimeter Mall 11 Franklin Springs Eag White 11 Royston 19 Phipps Plaza Maysville Canton 22 20 Plaza Fiesta Kingston Oakwood 22 Commerce Cumming Bowm 21 Sugarloaf Mills Cartersville 6 6 Talmo Pendergrass Flowery Branch Ila 22 Tanger Outlets - Commerce Holly Springs Jeerson 23 Town Center at Cobb Euharlee Milton Rest Haven Emerson Danielsville Nicholson Woodstock Sugar Hill Braselton Hoschton Taylorsville 17 Mountain Park 17 Arcade Alphare22tta 13 Comer Acworth Suwanee 13 Roswell15 Johns Creek Auburn Colbert Carlto Kennesaw 15 23 Carl Hull mart Duluth Winder Sandy Springs Braswell 33 8 21 Dacula Russell Statham Berke8 ley Lake 21 Winterville Dunwoody Marietta 10 Lawrenceville Bogart Norcross 10 Bethlehem 9 Athens-Clarke9 County Fair Oaks 118D8oraville Dallas unied government Arnoldsville 4 (balance) Crawford Chamblee Lilburn 4 Grayson Powder Springs Hiram 77 Lexington Vinings 19 2200 Watkinsville Tucker Snellville Nor1t92h Atlanta 1616 Loganville Smyrna 5 North High Shoals Mableton 5 12 Between Bishop Lithia Springs 14Clarkston 14 Monroe Pine Lake Good Hope Avondale Estates Atlanta Maxeys e Redan Walnut Grove Bostwick Villa Rica Douglasville Candler-McAfee Jersey Gresham Park Lakeview Estates

Woodville Hapeville Conyers Conley College Park Oxford Rutledge OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Lakeland Plaza 280,000 sf Belk 14 miles / 15 minutes Cumming, GA

The Collection at Forsyth 565,000 sf Barnes & Noble, DSW 16 miles / 19 minutes Cumming, GA

Lakeshore Mall 600,000 sf Belk, JCPenney, Sears 17 miles / 22 minutes Gainesville, GA

Avalon 570,000 sf Arhaus, Crate & Barrel, West Elm 27 miles / 28 minutes Alpharetta, GA

North Point Mall 1,120,000 sf Dillard’s, JCPenney, Lord & Taylor, Sears 27 miles / 28 minutes Alpharetta, GA

Perimeter Mall Bloomingdale’s, Dillard’s, Macy’s, 1,226,000 sf 38 miles / 40 minutes Atlanta, GA Nordstrom

Mall of Georgia® Belk, Dillard’s, Macy’s, JCPenney, 1,818,000 sf 38 miles / 45 minutes Gwinnett, GA Von Maur (Fall 2016)

Phipps Plaza 830,000 sf Nordstrom, Saks Fifth Avenue, Belk 43 miles / 35 minutes Atlanta, GA

Lenox Square® 1,560,000 sf Neiman Marcus, Bloomingdale’s, Macy’s 43 miles / 45 minutes Atlanta, GA

OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Sugarloaf Mills™ Neiman Marcus Last Call, 1,184,000 sf 30 miles / 45 minutes Lawrenceville, GA Saks Fifth Avenue OFF 5TH

Tanger Outlets - Commerce 470,000 sf 50 miles / 1 hour 10 minutes Commerce, GA

The Outlet Shoppes at Atlanta 370,000 sf Saks Fifth Avenue OFF 5TH 51 miles / 58 minutes Atlanta, GA

Calhoun Premium Outlets® 254,000 sf 63 miles / 1 hour 30 minutes Calhoun, GA

Tanger Outlet Center 250,000 sf 85 miles / 1 hour 30 minutes Locust Grove, GA 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).