CARLSBAD 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 CARLSBAD PREMIUM OUTLETS® CARLSBAD, CA MAJOR METROPOLITAN AREAS SELECT TENANTS San Diego: 30 min. south adidas, Banana Republic Factory Store, Barneys New York Warehouse, Southern Orange County: 45 min. north BCBGMAXAZRIA, Brooks Brothers Factory Store, Calvin Klein Company Store, Coach, Coach Men’s, Cole Haan Outlet, DKNY RETAIL Company Store, Elie Tahari Outlet, Gap Outlet, GUESS Factory Store, JOE’s Jeans, kate spade new york, LACOSTE Outlet, Michael Kors CARLSBAD GLA (sq. ft.) 289,000; 90 stores Outlet, NikeFactoryStore, Polo Ralph Lauren Factory Store, Theory, PREMIUM OUTLETS Tommy Hilfiger Company Store, True Religion, Tumi, Vince. CARLSBAD, CA OPENING DATES Opened 1997 TOURISM / TRAFFIC Expanded 1999, 2001 San Diego is one of the top vacation destinations in the United States with 70 miles of beaches, mountains and desert, exciting attractions, PARKING RATIO a rich heritage and a year-round temperate climate. Annually, there are 5.0:1 over 32 million visitors to San Diego, of which over 16 million are overnight visitors. RADIUS POPULATION Carlsbad, CA is home to Legoland California which attracts two 15 mile population: 823,592 million visitors each year and The Flower Fields. Other attractions in 30 mile population: 2,263,682 the Southern California region include the San Diego Zoo, Disneyland, 45 mile population: 4,391,338 Universal Studios, SeaWorld and Knott’s Berry Farm. Vehicle travel on I-5 is nearly 200,000 daily. Traffic counts on Palomar AVERAGE HH INCOME Airport Road at Paseo del Norte are in excess of 55,000 daily and just over 20,000 at Cannon Road and Paseo del Norte. 30 mile average: $91,528 LOCATION / DIRECTIONS Located in the north coastal region of San Diego County, immediately off I-5, the primary north-south transportation corridor between Los Angeles and San Diego, and 75 miles south of Los Angeles, California. ­­— From Interstate 5: Exit Palomar Airport Rd. and head east (northbound turn right, southbound turn left). One-half block east of I-5, turn left at Information accurate as of 5/1/15. Sources: SPG Research; trade area the first stop light onto Paseo del Norte. demographic information per Pitney Bowes MapInfo (2014). SITE AND PLAN SAN DIEGO I-5 LOS ANGELES PASEO DEL NORTE CAR COUNTRY DRIVE NORTH SAN DIEGO I-5 LOS ANGELES PASEO DEL NORTE SURROUNDING AREA CENTERS Villa Park Signal Hill Nuevo Rossmoor Stanton Perris San Jacinto 14 1422 Good Hope Garden Grove Romoland Rancho Mirage Seal Beach 22North Tustin Temescal Valley Midway City Valle Vista 28 Santa Ana Idyllwild-Pine Cove Palm 2 Tustin Green Acres East Hemet Sunset Beach Meadowbrook Fountain2 Valley Mountain Center Warm11 Springs SURROUNDING AREA CENTERS Huntington Beach 19 Irvine Menifee 405 Costa Mesa Lake Forest 215 ■ Simon Centers 99 Lakeland Village 15 Rancho Santa Margarita ■ Competition Newport Beach Wildomar 5 Laguna Woods10 10 French Valley Las Flores Aliso Viejo Murrieta Anza 1 Carlsbad Premium Outlets 18 Laguna Beach Ladera Ranch 2 Bella Terra Laguna Niguel 17 Lake Riverside 3 Chula Vista Center San Juan Capistrano Temecula 4 Del Mar Plaza Dana Point Aguanga 5 Fashion Island San Clemente 6 Fashion Valley Mall Rainbow 7 The Forum at Carlsbad S/C Fallbrook 8 Grossmont Center 5 9 Irvine Spectrum Center Camp Pendleton North 10 Laguna Hills Mall Bonsall 11 Lake Elsinore Outlets Borre 12 Las Americas Premium Outlets Camp Pendleton South Hidden Meadows 13 Otay Ranch Town Center 14 The Outlets at Orange Vista 2626 15 Outlets at the Border 16 Parkway Plaza 1 Escondido Carlsbad 17 The Promenade in Temecula 18 The Shops at Mission Viejo 7 2424 Julian 15 MILES Encinitas Ramona 19 South Coast Plaza Rancho Santa Fe 20 Viejas Outlet Center San Diego Country Estates Solana Beach Poway 21 Westeld Horton Plaza 22 Westeld Mainplace Del44 Mar 15 30 MILES 23 Westeld Mission Valley 24 Westeld North County San Diego Eucalyptus Hills 25 Westeld Plaza Bonita 45 MILES 2727 Descanso Mount Lagun Santee 8 26 Westeld Plaza Camino Real Winter Gardens Alpine 2020 Pine Valley Bostonia 27 Westeld UTC El1616 Cajon Crest 8 66 2323 Casa de Oro-Mount Helix Lemon Grove Jamul 21 La Presa National City Bonita Coronado 25 Campo 3 Chula Vista 13 3 13 Potrero 805 Imperial Beach 15 121512 MEXICO OTHER RETAIL SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Westfield Carlsbad JCPenney, Macy’s Home, Macy’s Women, 1,149,000 sf 8 miles / 10 minutes Carlsbad, CA Sears Westfield North County 1,255,000 sf Macy’s, Nordstrom, JCPenney 18 miles / 30 minutes Escondido, CA Westfield UTC 1,037,000 sf Macy’s, Nordstrom, Sears 25 miles / 30 minutes San Diego, CA Fashion Valley Neiman Marcus, Nordstrom, 1,721,000 sf 30 miles / 40 minutes San Diego, CA Bloomingdale’s, Macy’s, JCPenney Westfield Horton Plaza 891,000 sf Macy’s, Nordstrom 35 miles / 40 minutes San Diego, CA The Shops at Mission Viejo 1,151,000 sf Nordstrom, Macy’s 43 miles / 55 minutes Mission Viejo, CA Laguna Hills Mall 792,000 sf JCPenney, Macy’s, Sears 48 miles / 55 minutes Laguna Hills, CA Fashion Island Bloomingdale’s, Bloomingdale’s Home Store, 1,200,000 sf 53 miles / 1 hour Newport Beach, CA Macy’s, Neiman Marcus South Coast Plaza Macy’s, Nordstrom, Saks Fifth Avenue, 2,700,000 sf 56 miles / 1 hour 15 minutes Costa Mesa, CA Sears OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Las Americas Premium Outlets® 555,000 sf 50 miles / 55 minutes San Diego, CA Lake Elsinore Outlets 369,000 sf 55 miles / 1 hour 10 minutes Lake Elsinore, CA Viejas Outlet Center 255,000 sf 60 miles / 1 hour 10 minutes Alpine, CA Desert Hills Premium Outlets® 651,000 sf Neiman Marcus Last Call, Cabazon, CA 85 miles / 1 hour 36 minutes Saks Fifth Avenue OFF 5TH 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)..