S ense of community

The Village at Pacific Highlands Ranch will be a place where you can enjoy a glass of wine, play a game of bocce ball with neighbors, walk the kids to story time at the library or run your dog at the dog park. The project fuses life’s little luxuries like meeting a friend for coffee before running to Trader Joe’s. The Village at Pacific Highlands brings the hustle and bustle of the community together.

• 5 acres of public gathering space, including a public library, dog park, bocce ball court and community garden all part of The Village Green

• Seven schools are located nearby, totaling over 10,000 students, including three of the most prestigious schools; Canyon Crest Academy, Cathedral Catholic and Torrey Pines

• The Village will provide essential local services for the area’s highly educated residents (over 75% of households have college degrees)

• Pacific Highlands Ranch is inspired by Santa Barbara style architecture, which will include 330 residential units as part of the mixed-use project

• Transit Center will be built adjacent to the Library 2018 The Village at Pacific Highlands Ranch will draw customers from the nearby median projected population affluent communities of Pacific Highlands, Fairbanks Ranch, Torrey Highlands, household income 10 minute drive time Santa Luz and Carmel Valley. With a median household income estimated at $142,472, this trade area is among the wealthiest in County. $142,472 34,021 (112% higher than county average) (projected 44,000 at build-out) Source: Derrigo Study

area student households with median enrollment college degree home value 10,000 + 75% $1,322,640

Encinitas Rancho Sante Fe Del Sur Solana Beach

Fairbanks Ranch Santaluz

Del Mar Pacific Highlands Torrey Highlands Racetrack

56 5 30,000 ADT at build-out Torrey Pines T ,000 AD at build-out High School 23 oad . t R Rd igh y Rancho Penasquitos r He Cathedral Catholic lle l Ma Va De l Del Mar High School e

m Canyon Crest r a

C Academy Planned 790,000 SF 64,000 ADT Office Development Site

Carmel Valley 56

15 Torrey Torrey Hills Mira Mesa Pines 15 Pacific Ocean OCEANSIDE 78

5 Del Mar 5 Solana Beach

78 Jewish Torrey Pines SAN MARCOS Academy High School CARLSBAD ESCONDIDO Rancho Santa Fe Notre Dame Carmel Valley Ashley Falls Academy Elementary School Fairbanks Ranch

Cathedral Sycamore 5 Catholic Ridge School High School ENCINITAS

451 Units

d

a

o in Planning

R

s

RANCHO t Under Construction h

RANCHO g BERNARDO i Planned e SANTA FE H 478 Units ar 790,000 SF M in Planning el Office Development D Under Construction 289 Units SOLANA Site in Planning BEACH 56 Under Construction CARMEL Elementary School 15 C VALLEY arm Under Construction el V al ley DEL MAR Ro ad 56 Canyon Crest High School 130 Units SCRIPPS in Planning RANCH Under Construction Junior High School raffic counts - cars per day 5 1 0 Now open TORREY PINES 4 T ,0 SORRENTO 00 Proposed Future Carmel Valley Road MESA A DT Community Park 2012 18,761 (2 020 2020 30,000 (projected) ) UTC 522 Units in Planning 52 Under Construction 52 Del Mar Heights LA JOLLA 5 805 2012 12,000 KEARNY TO 2020 23,000 (projected) PACIFIC MESA 15 15 BEACH

MISSION 8 HWY 56 and Carmel Valley Road VALLEY

8 2011 64,000 805 163 Immediately south of the site is The Village Residential growth is substantial for the trade 2020 104,000 (projected) 5 at Pacific Highlands master planned area, 14,010 units (6,677 are completed to date) are POINT LOMA SAN DIEGO 94 employment center approved for 790,000 planned for the Torrey Highlands, Del Mar, Mira CORONADO square-feet of office development site Mesa and Black Mountain Ranch specific plans. 805 S an Diego’s Premier Lifestyle In its coveted location just east of Carmel Valley, master-planned Pacific Highlands Ranch occupies one of San Diego’s best coastal- close locations. Surrounded by 1,300 acres of preserved natural habitat, this exciting Pardee Homes master planned community demonstrates the principles of LivingSmart® beautifully with remarkably energy-efficient homes, drought-tolerant landscaping, a multi-use trail system for hiking and biking, and a state-of-the-art private recreation center capable of generating solar electric power. Luxury new homes offer distinctive living. Outstanding amenities include highly-ranked school districts, and easy access to major high-tech and bio-tech work hubs, UCSD, and the beautiful beaches of Del Mar and Torrey Pines.

Source: www.pardeehomes.com Consumers living within a 10 minute drive time of The Village at Pacific Highlands Ranch spent over $1.8 billion dollars. The Village at Pacific Highlands Ranch provides a unique opportunity for retailers to capture over $719 million that was spent by residents outside the trade area on retail and dining. The dominant consumer profiles in the trade area boast dual incomes, college degrees, are kid obsessed and enjoy an active lifestyle.

Soft good retailers have a significant opportunity to meet the demands of the consumers in the trade area who spent over $79 million just on fashion elsewhere. S an diego economic overview

population

With a total population close to 1.3 million, San Diego is the second largest city in behind Los Angeles and the eighth largest city in the United States. At approximately 3.1 million people, San Diego County is the second largest county in the state and the fifth largest county in the country.

regional accolades

• Bloomberg BusinessWeek’s list of “Best Places to Live” ranked San Diego at #9. • San Diego is the fourth most popular destination for U.S. travelers in 2012 and the eighth most popular destination for international travelers (September 2012). • In the latest “America’s Favorite Cities” survey by Travel + Leisure Magazine, San Diego was voted sixth overall and ranked highly in the following categories: • First for active and athletic people • First for family vacations • First for Fourth of July destinations • First for Valentine’s Day getaway • Second in the weather rankings • Second for pet-friendly vacations • Second for attractive people • Fifth for public parks • Sixth best burger city in the country san diego largest employers U.S. Department of Defense 133,323 Federal Government 45,500 State of California 42,900 UC San Diego 27,391 Sharp Healthcare 15,231 County of San Diego 15,050 San Diego Unified School District 14,603 Scripps Health 14,097 Qualcomm Inc. 11,400 City of San Diego 10,057

Source: San Diego Business Journal Book of Lists 2013 A parking Over 940 parking spaces for P customers, makes the shopping experience easy & convenient.

B live 330 Residential Units are incorporated into the heart of the project

C the village square Enjoy outdoor dining opportunities or just a have a glass of wine

D dog park Dogs are part of the community so we’ve planned a place for them to socialize and run free

E the village green 5-acres of open space for community events including concerts, family picnics, art exhibits or some quiet down time during a busy day F G H

transit center community garden library

* Signed The Village at Pacific Highlands is an innovative mixed-use development that brings ** In Lease *** Proposal the best of the San Diego lifestyle to the community everyday Temp-Parking

Signal

B

Pacif c Highlands Square

*

- *

Westroot Signal Carmel Valley Road C Tavern BLDG F A

4 level parking garage (385)

BLDG B * WONDERLUST Village Square Serenity, Village Way Wokou A a Nail Boutique * Future B Library *** Community Park BLDG C E H * BLDG E FIRST FLOOR

* Building E Second Floor * A B * 4 level parking garage (540)

BLDG E FIRST FLOOR Bocce Ball Court * * Community F Garden G

Orchard B Transit Center Signal Del Mar Heights Road Tot Lot

Residential 141 units D Dog Park Second Level Retail VILLAGE CENTER LOOP

* * * *

Signal without prior notice.

This site plan is not a representation, warranty or guarantee as to size, location or identity of any tenant, and the building, improvements, parking, ingress and egress are subject to such changes, additions and deletions as the architect, Landlord or any governmental agency may direct. Any specified tenant reverenced herein is subject to change, deletion, change of location, etc. at any time ithout prior notice. T he village square

sidewalk dining fireplace seating interactive fountain tables & chairs

Village Square is the heart of The Village. With its cozy outdoor fireplace seating, relaxing fountains, colorful umbrellas and sidewalk dining tables, The Village Square will serve as a community focal point for residents and shoppers. The large interactive fountain will delight and entertain adults and children alike.

• The Village Square and Main Street feature over 24 foot sidewalks and zero curb lines to promote a friendly pedestrian experience and outdoor dining • The Village Square is a public plaza designed to foster personal interaction and surrounded by outdoor cafes and quaint shops • Restaurateurs and their customers will enjoy the benefit of convenient valet parking VALLEY CENTER HIDDEN MEADOWS COMPARISON OF 5-MILE DEMOGRAPHICS FOR SELECTED NORTH COUNTY RETAIL PROJECTS S elected north county retail projects

CARLSBAD

ESCONDIDO

Del Mar Heights Rd & Carmel Valley Rd | San Diego 3 2 Carlsbad Forum (CF) ENCINITAS 1923 Calle Barcelona |Carlsbad RAMONA 5 MILES RANCHO SANTA FE Westfield UTC (UTC) 4545 La Jolla Village Dr | San Diego SOLANA BEACH FAIRBANKS RANCH POWAY Westfield Plaza (NC) 272 Via Rancho Pkwy|Escondido DEL MAR

POPULATION HOUSEHOLDS

2018 2013 2018 2013 Projection Estimate Projection Estimate

SAN DIEGO 212,628 199,320 73,939 69,329 1 UTC 232,740 220,130 88,270 83,443 SANTEE CF 162,244 151,310 62,419 58,575 NC 179,511 169,896 60,677 57,453 CREST EL CAJON 2013 Est. Average 2013 Est. Median Household Income Household Income

LA MESA 54 $136,169 $101,096

LEMON SPRING UTC $102,541 $74,106 GROVE VALLEY $119,895 $85,086 JAMUL CF

CORONADO NC $93,025 $63,967

54 NATIONAL CITY BONITA TOTAL DAYTIME EMPLOYMENT The Village

1 104,332 CHULA VISTA Westfield UTC UTC 236,847 2 Carlsbad Forum CF 89,068 3 NC 89,818 IMPERIAL BEACH SHOP

DINE

RELAX Coast Income Properties, Inc. is a San Diego, California-based real estate development company that specializes in developing, acquiring, and managing premier real estate projects throughout San Diego. Founded in 1979, the Company has been a leader in San Diego’s commercial real estate and development community for nearly 30 years.

Since its inception, Coast has been involved in a variety of projects valued in excess of $1 billion. The Company’s project portfolio reflects a broad range of product types, which include commercial retail centers, office projects, medical office complexes, biomedical laboratories, industrial and R&D properties, and multifamily developments. Throughout its existence, Coast has developed projects of the highest quality in premier locations across San Diego, displaying timeless architecture and enduring value for its investor partners, clients and communities. for leasing information, please contact: Reg Kobzi Carrie Bobb +1 858 546 4604 +1 858 404 7210 [email protected] [email protected] Lic. 00917639 Lic. 01382015 Visit our web site at: www.cbre.com/thevillageatpacifichighlandsranch

A development of Coast Income Properties

© 2016 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the