x eMax, DSW al-Mart rt(4) &P), rmarket, Staples nt Store, Target, Giant t, Wal-Mart oat Factory, are, Wal-Mart(1), ry, Wal-Mart(5) rtment Store Wynn's Sports & y, , Media , Wal-Mart ty Furniture(6), Bed & Noble, Dunham's, gton Coat, Hobby Lobby, am's, Kmart s Sporting Goods(6), Elder-Beerman, Hobby Lobby, TJ Maxx, Toys 'R' Us Marshall's Play, Lowe's, OÇce Depot, DSW Shoe Warehouse Shoe Warehouse, Home Goods, Michael's Bath & Beyond(6), Marshall's, Toys 'R' Us(1), Kids Us(1) Kohl's Department Store(1), Joann etc Market, Wal-Mart Eagle, Michael's, Linens 'n Things Media Play(6), (1), Target(1), TJ Maxx, OÇceMax Kohl's Outdoors OÇceMax, Target(1) Annualized Base Company Owned GLA Rent Total Shopping Center GLA: Anchors: 40 Ì 81,76033 81,760 142,378 Ì 224,138 293,143 293,143 224,138 224,138 69,790 100.0% 362,933 $ 2,908,583 $12.98 362,93371 366,293 361,733 565,876 99.7% 932,169 $ 1,982,99515 $ 264,695 5.48 1,196,864 830,571 Ì 341,453 800,027 341,453 96.3% $ 15,257 6,634,533 $ 8.29 356,710 356,710 320,335 89.8% $ 1,965,613 $ 6.14 470 1,237,690 3,791,934 5,029,624 1,543,527 6,573,151 5,335,461 4,753,992 89.1% $41,173,169 $ 8.66 Year Latest Number Total Non- Renovation of Anchor Company Anchor Anchor Constructed/ Acquired/Year of Center ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Chester, NJ 1970/1996/1999 40 81,760 81,760 142,378 224,138 224,138 224,138 100.0% $ 2,908,583 $12.98 Shop-Rite Supe Livonia Plaza ÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Livonia, MIMadison Center ÏÏÏÏÏÏÏÏÏÏÏÏ Madison Heights, MINew Towne Plaza 1965/1997/2000 ÏÏÏÏÏÏÏÏÏÏ Canton Twp., MIOak Brook Square ÏÏÏÏÏÏÏÏÏÏ Flint, MIRoseville Towne Center 14 ÏÏÏÏÏ Roseville, MISouthÑeld Plaza 1975/1996/1998 1988/2003/NA ÏÏÏÏÏÏÏÏÏÏÏÏ SouthÑeld, MI 18SouthÑeld Plaza Expansion(2) 20 SouthÑeld, MITaylor Plaza ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Taylor, MI 1963/1996/2001 1969/1996/1999Tel-Twelve 1982/1996/NA ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ SouthÑeld, MI 167,830 15 14 1987/1996/NA 167,830 22West Acres Commons(7)ÏÏÏÏ Flint, MI 11 91,122West Oaks I 1968/1996/2003 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 59,258 Novi, MI 80,533 1970/1996/NA 91,122 19 227,088 80,533West Oaks II 1 211,166 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 128,358 Novi, MI 227,088 80,643 42,894 211,166 57,160 128,358 1998/2001/NA 227,088 171,765 123,427 1979/1996/1998 57,160 57,885 100.0% 37,660 14 171,765 $ 555,279 123,427 Ì 1,398,977 7 269,051 83,057Total/Weighted AverageÏÏÏÏÏ $ 166,018 122,374 555,279 171,765 6.16 1986/1996/2000 119,227New Jersey Dunh 269,051 140,217 122,374 166,018 100.0%Chester Springs Shopping 30 40,738 Ì $ 96.6% 1,452,826 228,142 140,217 129,833 $ $ 221,140 1,153,353 8.46 596,017 $Total/Weighted AverageÏÏÏÏÏ 19,410 59,889 Kohl's Depa 122,207 84.8% 9.67 Ì 78.2% 226,839 90,753 $ 596,017 Kroger, TJ Maxx North Carolina $ 1,426,772 59,889 226,839 311,893 $ 87.2% 19,410Holly Springs Plaza 122,374 ÏÏÏÏÏÏÏÏÏ 983,846 6.25 Franklin, NC 522,216 $ $Ridgeview Crossing 1,092,883 Marshall's 7.58 ÏÏÏÏÏÏÏÏÏ Elkin, NC $ 35,200 122,374 19,028 77,201 19,410 8.94 Burlington C 87.6% Kids 'R' Us, TJ Max $Total/Weighted AverageÏÏÏÏÏ 245,867 389,094 4,994,092 95,089 19,410 $ 1988/1997/1992 9.56Ohio 245,867 167,954 Ì Circuit Cit 100.0%Crossroads Centre 95,089 ÏÏÏÏÏÏÏÏÏÏ 16 Rossford, OH $ 1989/1997/1995 156,025 167,954 281,177 0.0% 90,689 $14.49 100.0% 17 $OÇceMax CenterÏÏÏÏÏÏÏÏÏÏÏ 63.5% No Anchor Toledo, OH $ $ 2,597,994Spring Meadows Place 95.4% 1,540,678 ÏÏÏÏÏÏ $15.47 2001/2001/NA Holland, OH $ $ Value Ci 9.87 1,120,901 $12.36 Circuit City, OÇc Ì 124,484 21 $ Farmer Jack (A&P) Troy Towne Center ÏÏÏÏÏÏÏÏÏ 124,484 Troy, OH Ì 1994/1996/NA 168,659 1987/1996/1997Total/Weighted AverageÏÏÏÏÏ 31,100 168,659 1 32South Carolina 155,584Edgewood SquareÏÏÏÏÏÏÏÏÏÏÏ 38,690 North Augusta, SC 275,372 381,291Taylors Square 155,584 ÏÏÏÏÏÏÏÏÏÏÏÏÏ 1990/1996/2002 Taylors, SC 207,349 381,291 1989/1997/1997 54,071Total/Weighted AverageÏÏÏÏÏ 154,384 17 329,443 207,349Tennessee 94,154 8Cumberland GalleryÏÏÏÏÏÏÏÏÏ 99.2% 22,930 133,515 90,921 New Tazewell, TN 207,349 $ 475,445Highland Square 107,584 1989/1997/1995 ÏÏÏÏÏÏÏÏÏÏÏ Crossville, TN 22,930 462,958 100.0% 842,458Northwest Crossing 1988/1997/NA ÏÏÏÏÏÏÏÏÏ Knoxville, TN $ 475,445 198,505 $ 5.46 1,140,537 187,586 7 $ Ingles Marke 5.50 16 475,445 37,026 Belk Departme 207,829 157,042 1988/1997/NA Ì 100.0% 1989/1997/1995 207,829 235,531 $ 3,624,550 83.7% 17 $ 22,930 $ 11 7.62 144,610 1,803,608 Home Depot, $11.48 5,875 133,624 Dick' 144,610 22,930 73,304 133,624 213,704 100.0% 73,304 22,930 $ 213,704 131,126 9,382 951,852 100.0% 273,807 $ 177,329 24,851 6.58 $ 131,126 143,006 273,807 Sears Hardw 254,523 83.0% $11.10 98,155 40,420 143,006 $ OÇceMax 29,933 981,338 171,546 143,006 $ 98,155 303,740 5.53 Bi-Lo Groce 100.0% 171,546 303,740 $ 88,855 159,396 984,275 272,876 $ 90.5% 6.88 $ Wal-Mart 92.9% 89.8% $ 396,122 $ $ 1,522,604 822,879 4.46 $ $ 5.58 Ingles Market, W 5.16 Wal-Mart, Kroger, Wal-Ma Northwest Crossing IIÏÏÏÏÏÏÏ Knoxville, TN 1999/1999/NA 2 23,500 23,500 4,674 28,174 28,174 28,174 100.0% $ 271,064 $ 9.62 OÇceMax Lake Orion Plaza ÏÏÏÏÏÏÏÏÏÏÏ Lake Orion, MILakeshore Marketplace ÏÏÏÏÏÏ Norton Shores, MI 1996/2003/NA 1977/1996/NA 23 9 258,638 114,574 258,638 114,574 102,490 14,878 361,128 129,452 361,128 129,452 358,884 122,132 99.4% $ 94.3% 2,603,634 $ $ 7.25 Barnes 503,629 $ 4.12 Farmer Jack (A Property Location or Expansion(3) Units Owned Owned GLA GLA Total Total Leased Occupancy Total PSF Anchors(9) Kentwood Towne Centre(2)ÏÏ Kentwood, MI 1988/1996//NA 18 101,909 122,390 224,299 61,265 285,564 183,655 175,571 95.6% $ 1,416,860 $ 8.07 Burlin

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