AURORA FARMS 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

AURORA FARMS PREMIUM OUTLETS® AURORA, OH

Erie Cleveland MAJOR METROPOLITAN AREAS SELECT TENANTS

Toledo Akron: 45 min. southwest Saks Fifth Avenue OFF 5TH, adidas, Aéropostale Outlet, Ann Taylor Cleveland: 45 min. northwest Factory Store, Banana Republic Factory Store, Brooks Brothers Factory Store, Calvin Klein Company Store, Coach, Eddie Bauer Outlet, Gap Outlet, LOFT Outlet, Michael Kors Outlet, Nautica Outlet, Geauga RETAIL Lake NikeFactoryStore, The North Face, OshKosh B’gosh, Polo Ralph Aurora GLA (sq. ft.) 285,000; 70 stores Lauren Factory Store, Tommy Hilfiger Company Store, Under Armour Factory House OPENING DATES TOURISM / TRAFFIC Youngstown Opened 1987 Pittsburgh Columbus Akron AURORA FARMS Expanded 1990, 1993, 1995, 2003 The area welcomes three million visitors annually. Wildwater Kingdom, a PREMIUM OUTLETS 17-acre water park, is four miles from the center. ThornCreek Winery, an AURORA, OH award-winning winery, is two miles from the center. PARKING RATIO

6.1:1 LOCATION / DIRECTIONS

Approximately 45 minutes southeast of Cleveland on SR 43, near RADIUS POPULATION Shaker Heights and Chagrin Falls. Within four miles of Geauga Lake 15 mile population: 505,013 Family Amusement Park. 30 mile population: 2,511,912 45 mile population: 3,711,955 ­­— From Cleveland Hopkins Airport: Rte. 71N to Rte. 480E (Youngstown) to 422 Alt. (Warren) to Rte. 306. Turn right onto Rte. 306 and follow through center of Aurora (where 306 becomes 43). Follow SR 43 for AVERAGE HH INCOME 3/4 mile to Aurora Farms Premium Outlets on the left. 30 mile average: $67,384

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

From I-80 (Ohio Trnpke.)

SR 43 / S. CHILICOTHE RD. NORT H SR 43 / CHILICOTHE RD. SURROUNDING AREA CENTERS

Platea Conneaut North Kingsville Cranesvil Edgewood2 Geneva-on-the-Lake SURROUNDING AREA CENTERS North Madison ■ Simon Center North Perry Springboro 20 Geneva ■ Competition Madison Austinburg Perry 90 Conneautville Grand River JeŽerson 1 Aurora Farms Premium Outlets Mentor-on-the-Lake Mentor 2 Ashtabula Towne Square 3 Avenue at Tower City Center Lakeline Rock Creek Harmon 11 Linesville 4 Beachwood Place Willowick Kirtland Roaming Shores Conneaut L Waite Hill 5 Belden Village WickliŽe Andover 6 Connea 6 Carnation Mall Euclid Chardon Pymatuning Central Bratenahl 271 7 Chapel Hill Mall 90 Mayeld Aquilla Hartstown 16 East Cleveland 322 Orwell 8 Crocker Park Shopping Center Chesterland Cleveland Heights 3 Pymatuning South Atlantic 23 1313 9 Eastwood Mall SheŒeld Lake Bay Village Cleveland223 University23 Heights4 6 4Hunting Valley Middleeld Jamestown 22 Beachwood 90 Rocky River Burton 10 Eton Chagrin Boulevard SheŒeld 8 Shaker Heights1010 Kinsman Center Lorain Avon Westlake Linndale 11 Great Lakes Mall North Randall Chagrin Falls milion 12 480Brooklyn Heights Bentleyville 12 Great Northern Amherst Brook Park Greenville 15 Bainbridge 15 Parma Heights Solon West Farmington 13 Legacy Village Bedford Elyria Olmsted Falls Glenwillow 14 Lodi Station Outlets South Amherst Reynolds Heights Northeld Aurora Orangeville Reminderville Cortland 15 Midway Mall Strongsville Broadview Heights 480 Hiram Eaton Estates 2020 80 Twinsburg Heights 1 422 Champion Heights 16 Richmond Town Square Oberlin Grafton Mantua Garrettsville Clark 17 Rolling Acres Mall Kipton Morgandale Yankee Lake n Boston Heights Brunswick Leavittsburg 18 Shenango Valley Mall LaGrange Richeld Peninsula Streetsboro Windham Vienna Center West Hill 18 19 Southern Park Mall Pheasant Run Bolindale99 Masury 271 Sugar Bush Knolls 80 McKinley Heights 20 SouthPark Mall South Canal West Middlesex 15 MILES Lordstown Churchill Wellington Silver Lake Brady Lake Hilltop Hubbard 21 Summit Mall Montrose-Ghent Kent Medina Munroe Falls Youngstown 22 Tower City Center Rochester Fairlawn21 Craig Beach New Wilmin Pigeon Creek 77 Tallmadge 23 University Square Mall Spencer Austintown New Bedford Akron n 42 Campbell Frizzleburg Gloria Glens Park 17 Mogadore Lowellville Wadsworth Sawyerwood Caneld Westeld Center Atwater 224 30 MILES 19 Poland New Castle North Portage Lakes Creston Rittman Oakland Burbank Norton Limaville Uniontown South New Ca annah West Salem 1414 Sterling Doylestown New Middletown ey Lakes Polk New Franklin Congress Clinton S.N.P.J. West Pittsbur Green Beloit Alliance Salem Columbiana 71 Marshallville 6 Damascus Canal Fulton 6 Wampum North Canton Leetonia Ashland Smithville 5 Enon Valley Orrville 5 45 MILES New Waterford New Pittsburg North Lawrence Louisville Hills and Dales Homeworth New Galilee Wooster Darlington Homewo Jeromesville Dalton Perry Heights 30 East Canton Rogers Negley in Hayesville Massillon Lisbon Robertsville Lake Tomahawk Eastv Apple Creek Richville 77 Hanoverton Kidron Minerva Patterson H Navarre Falls Brewster Bridg Mount Eaton Malvern Calcutta Ohioville Shreve Fredericksburg Summitville East Sparta Waynesburg Glenmoor Perrysville Wilmot Industry Bolivar Magnolia La Croft Glasgow Loudonville Holmesville Shippingport Winesburg Zoar Salineville NewellChester OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

First & Main Heinen’s, Talbots, LOFT, 200,000 sf 8 miles / 15 minutes Hudson, OH White House | Black Market

Beachwood Place 955,000 sf Dillard’s, Nordstrom, Saks Fifth Avenue 20 miles / 30 minutes Cleveland, OH

Legacy Village Crate & Barrel, Dick’s Sporting Goods, 600,000 sf 20 miles / 30 minutes Cleveland, OH Nordstrom Rack, LA Fitness, Giant Eagle

Chapel Hill Mall 885,000 sf JCPenney, Sears 22 miles / 35 minutes Akron, OH

Richmond Town Square 1,012,000 sf Macy’s, JCPenney, Sears 25 miles / 50 minutes Richmond Heights, OH

Great Lakes Mall Dillard’s, Macy’s, JCPenney, Sears, 1,287,000 sf 30 miles / 35 minutes Mentor, OH Dick’s Sporting Goods

The Shoppes at Parma JCPenney, Walmart, 992,000 sf 30 miles / 40 minutes Parma, OH Dick’s Sporting Goods

Summit Mall 769,000 sf Dillard’s, Macy’s 30 miles / 60 minutes Akron, OH

SouthPark Mall 1,300,000 sf Dillard’s, JCPenney, Macy’s, Sears 35 miles / 40 minutes Strongsville, OH

Great Northern Mall Macy’s, Sears, Dick’s Sporting Goods, 891,000 sf 35 miles / 45 minutes North Olmstead, OH Ultimate Athletics Gym

OUTLET SHOPPING GROSS LEASABLE AREA DISTANCE / DRIVE-TIME

Lodi Station Outlets 313,000 sf 52 miles / 1 hour Lodi, OH

Grove City Premium Outlets® 531,000 sf 79 miles / 1 hour 24 minutes Grove City, PA 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).