January 2019
JANUARY 2019 RETAIL Brookfield Properties’ retail group Overview Our mission is to own and operate best-in-class retail properties that provide an outstanding environment and experience for our Communities, Retailers, Employees, Consumers and Stakeholders. Headquarters Chicago Retail Properties 161 States 42 Inline & Freestanding GLA 68 Million Total Retail GLA 145 Million Pro Forma Equity Market Cap Approximately $20B Pro Forma Enterprise Value Value Approximately $40B 2 3 Featured Retailers 4 A Glimpse into Louisville, Kentucky Major Area Employers Local Employment Top Area Attractions United Parcel Service 21,233 Louisville Mega Cavern Louisville Slugger Museum & Factory Jefferson County Public Schools 14,476 Churchill Downs Ford Motor Company 12,600 Kentucky Derby Museum Norton Healthcare 12,247 Urban Bourbon Experience Humana, Inc. 12,000 Louisville hosts more than 24 million Bon Appetit Magazine has called Louisville visits annually for an estimated economic “One of the best foodie small towns in impact of $1.6 billion which supports America.” 26,000 local tourism-related jobs. Zagat says, “Louisville is one of the 7 up Louisville had 19,150 hotel rooms. and coming foodie towns in America.” 1,202 new rooms have opened in the last 2 years. According to Southern Living, Louisville is, “One of the top 10 tastiest towns.” Approximately 1,044 more rooms confirmed in the Louisville area pipeline over the next 24 months. Source: www.greaterlouisville.com; www.gotolouisville.com 5 Trade Area Demographics Trade Area Demographics Population 694,671 Households 283,356 Average Household Income $85,322 Households Earning $75,000+ 114,236 % of Households Earning $75,000+ 40.3% % with Bachelor’s Degree 38.5% Source: ESRI 6 Market Comparison Louisville demographics are comparable to those of the Nashville market, while offering greater population and depth of affluence than Birmingham, Oklahoma City or Lexington.
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