LAS VEGAS NORTH 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 VEGAS NORTH PREMIUM OUTLETS® LAS VEGAS, NV

MAJOR METROPOLITAN AREAS SELECT TENANTS

Las Vegas Neiman Marcus Last Call, Saks Fifth Avenue OFF 5TH, Ann Taylor LAS VEGAS NORTH PREMIUM OUTLETS Factory Store, A|X Armani Exchange, Banana Republic Factory Store, LAS VEGAS, NV RETAIL Brooks Brothers Factory Store, Burberry Factory Outlet, Calvin Klein Company Store, The Cheesecake Factory, Coach Factory Store, David . wy l P Yurman, Diesel, DKNY Company Store, Dolce & Gabbana, Etro, HUGO a GLA (sq. ft.) 676,000; 180 stores tr n e

C BOSS Factory Store, J.Crew Factory, kate spade new york, Kenneth

d n Cole Company Store, LACOSTE Outlet, Marc Jacobs, Oliver Peoples, a OPENING DATES r Polo Ralph Lauren Factory Store, Salvatore Ferragamo Company Store, G Opened August 2003 St. John Company Store, TAG Heuer, Ted Baker London, Theory Outlet, Expanded 2008, 2015 Timberland Outlet, Tommy Hilfiger Company Store, Tory Burch, True Religion, Vera Bradley RADIUS POPULATION TOURISM / TRAFFIC 15 mile population: 1,923,289 30 mile population: 1,988,562 Las Vegas is one of the world’s premier travel destinations hosting 45 mile population: 2,005,531 nearly 40 million visitors annually. North American tourists account for 87% of these travelers while the remaining 13% are primarily from Japan, Germany, the United Kingdom and Latin America. Over 6.3 AVERAGE HH INCOME million visitors are convention attendees, supported by a robust hotel 30 mile average: $75,525 industry with over 150,000 rooms. McCarran International Airport ranks as the fifth busiest airport in the U.S. and the 11th busiest in the world. The World Market Center, home of the Las Vegas Furniture Market, is directly across from the center.

LOCATION / DIRECTIONS

I-15, Exit Charleston Blvd. West on Grand Central Pkwy., Las Vegas, NV. Over 218,000 vehicles pass by the site daily.

— From the airport using freeways: Exit airport using the “Airport Connector” I-215W to I-15N. Take I-15 toward downtown Las Vegas. Exit Charleston Blvd. West #41B to S. Grand Central Pkwy. Follow loop road to entrance.

— From the “Strip”: Either use I-15N or Las Vegas Blvd. North. Left on Information accurate as of 12/1/15. Sources: SPG Research; trade area Charleston Blvd. Right on S. Grand Central Pkwy. demographic information per Pitney Bowes MapInfo (2014). SITE AND PLAN

W. Charleston Blvd.

I- 1 5 / S. Grand Central Pkwy. L a s

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W. Bonneville Ave.

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NORT Bonneville Ave.

I-15 PARKING DECK B

SHOPS

SHOPS SHOPS SHOPS

SHOPS SHOPS SHOPS SHOPS SHOPS

SHOPS PARKING SHOPS SHOPS SHOPS DECK A SHOPS

SHOPS

SHOPS SHOPS SHOPS SHOPS

Grand Central Pkwy. Iron Horse Ct.

N SURROUNDING AREA CENTERS

15 MILES SURROUNDING AREA CENTERS Simon Centers Competition

1 Las Vegas North Premium Outlets® North Las Vegas 2 Boulevard Mall 3 The District at Green Valley Ranch 4 Downtown Summerlin 5 Fashion Show Mall 6 The Forum Shops at Caesars® 7 Galleria at Sunset 8 The Grand Canal Shoppes Nellis AFB 9 Las Vegas South Premium Outlets® 10 The Linq 11 Meadows Mall Las Vegas 12 Miracle Mile Shops 13 The Shoppes at The Palazzo 14 The Shops at Crystals Sunrise Manor 15 Town Square Las Vegas 11 1 4

Winchester 5 5 13 13 2 Summerlin South 8 6108 12 614 10 Whitney Spring Valley 14 12

15 7 Paradise 9

Blue Diamond

3 Henderson Enterprise

Morongo Valley OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Fashion Show Mall Dillard’s, Macy’s, Neiman Marcus, 1,700,000 sf 3 miles / 10 minutes The Strip Nordstrom

The Forum Shops at Caesars® 675,000 sf Boutiques 3 miles / 10 minutes Caesars

The Grand Canal Shoppes 500,000 sf Boutiques 3 miles / 10 minutes Venetian

Meadows Mall 950,000 sf Dillard’s, JCPenney, Macy’s, Sears 3 miles / 10 minutes US 95/Valley View

The Shoppes at The Palazzo 450,000 sf Barneys New York 3 miles / 10 minutes Palazzo

Miracle Mile Shops 475,000 sf Boutiques 4 miles / 12 minutes Planet Hollywood

Via Bellagio Shops 50,000 sf Boutiques 4 miles / 12 minutes Bellagio

Boulevard Mall 1,250,000 sf JCPenney, Macy’s, Sears 5 miles / 15 minutes Maryland Pkway

Crystals at City Center 500,000 sf Boutiques 6 miles / 9 minutes The Strip

Galleria at Sunset Dick’s Sporting Goods, Dillard’s, Macy’s, 973,000 sf 14 miles / 20 minutes US 95/Sunset JCPenney

OUTLET SHOPPING GROSS LEASABLE AREA DISTANCE / DRIVE-TIME

Las Vegas South Premium Outlets® 536,000 sf 9 miles / 13 minutes Las Vegas, NV

Fashion Outlets of Las Vegas 360,000 sf 45 miles / 50 minutes Primm, NV 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).