TUCSON 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

TUCSON PREMIUM OUTLETS® MARANA, AZ

Catalina MAJOR METROPOLITAN AREAS SELECT TENANTS 10 Avra Valley Marana 989

Tucson: 14 Miles adidas, Banana Republic Factory Store, Brooks Brothers Factory Tortolita Phoenix: 100 Miles Store, Calvin Klein Company Store, Michael Kors Outlet, Oro Valley

NikeFactoryStore, Tommy Hilfiger Company Store, Under Armour 10 Picture Rocks 77 RETAIL Factory House, Saks Fifth Avenue OFF 5TH (Opening 2016)

Catalina Phase I: GLA (sq. ft.) 368,000; TOURISM / TRAFFIC 90 stores Tourism generates $2.4 billion and nearly four million visitors annually 210 Tucson OPENING DATES for Tucson. Mexican travelers account for over 2.7 million of these annual 89 visitors and nearly $1 billion in visitor spending. Many of these Mexican 19 shoppers are from the Mexican states of Sonora and Sinaloa. Tucson October 2015 Valencia West attractions include the Reid Park Zoo, Old Tucson Studios, - Sonora Desert Museum, and casinos. Tucson is home to the University RADIUS POPULATION of Arizona (40,000 students), as well as many corporate campuses, TUCSON PREMIUM OUTLETS 15 mile population: 321,073 second homes, and high-end golf and spa resorts. The site is located in MARANA, AZ 30 mile population: 939,420 northern Tucson where wealthy suburban communities such as Catalina 45 mile population: 1,064,220 Foothills have some of the area’s most expensive homes including many multimillion dollar estates. This area is also home to some of Tucson’s major upscale resorts including Hacienda Del Sol, Westin La Paloma AVERAGE HH INCOME Resort & Spa, Loews Ventana Canyon Resort, Canyon Ranch Resort 30 mile average: $65,264 and The Ritz-Carlton, Dove Mountain. Numerous advanced technology corporations are in Tucson, including: Raytheon Missile Systems, Instruments, IBM, Intuit Inc., Universal Avionics, Sunquest Information Systems, Sanofi-Aventis, Ventana Medical Systems, Inc., and Bombardier Aerospace. Roughly 150 Tucson companies are involved in the design and manufacturing of optics and optoelectronics systems, earning Tucson the nickname “Optics Valley”.

LOCATION / DIRECTIONS

SE Quadrant of I-10 and Twin Peaks Road in Marana, Arizona

Information accurate as of 12/1/15. Sources: SPG Research; trade area demographic information per Pitney Bowes MapInfo (2014). SITE AND PLAN

W. Linda Vista Blvd. W.Twin Peaks Rd.

Marana Center Blvd.

TUCSON PREMIUM OUTLETS

I-10

NORT

H To W. Twin Peaks Rd.

Mar To W. Linda Vista Blvd. ana Ce nter Blvd.

I-10

N SURROUNDING AREA CENTERS

Dripping Springs Sacaton Sacaton Flats Village Florence Kearny Maricopa Blackwater llage SURROUNDING AREA CENTERS Hayden Simon Centers Coolidge Cactus Forest Competition Dudleyville Casa Grande Staneld 5 1 Tucson Premium Outlets® 2 El Con Mall 3 La Encantada 4 Park Place Eloy Arizona City Chuichu 5 Promenade Casa Grande Mammoth Vaiva Vo Picacho 6

San Manuel Tat Momoli Oracle Kohatk Campo Bonito Red Rock Saddlebrooke

Marana Catalina

Summerhaven Nelson Avra Valley Oro Valley 1 Willow Canyon Anegam

Casas Adobes ta Rosa Picture Rocks 3 Catalina Foothills 15 MILES Flowing Wells Ak Chin 6 Tanque Verde Tucson

2 4 South Tucson Tucson Estates 30 MILES Drexel Heights Littletown Rincon Valley Ko Vaya Summit Comobabi Three Points Nolic 45 MILES Vail Haivana Nakya

Mescal Chiawuli Tak Corona de Tucson Gu Oidak Sells Sahuarita Ali Chukson Benson St Da

Green Valley Cowlic Topawa

Elephant Head Arivaca Junction South Komelik Whetstone OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Foothills Mall 620,000 sf Saks Fifth Avenue OFF 5TH 8 miles / 17 minutes Tucson, AZ

Tucson Mall Dillard’s, Forever 21, H&M, JCPenney, 1,306,000 sf 12 miles / 22 minutes Tucson, AZ Macy’s,

La Encantada Anthropologie, The Apple Store, Coach, 258,000 sf 14 miles / 28 minutes Tucson, AZ Louis Vuitton

El Con Center 1,200,000 sf Burlington, JCPenney, Target, 18 miles / 26 minutes Tucson, AZ

Park Place 1,200,000 sf Dillard’s, Macy’s, H&M 22 miles / 36 minutes Tucson, AZ

OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Phoenix Premium Outlets® 356,000 sf Saks Fifth Avenue OFF 5TH 84 miles / 1 hour 12 minutes Chandler, AZ

Arizona Mills® 1,240,000 sf Neiman Marcus Last Call 86 miles / 1 hour 19 minutes Tempe, AZ 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).