LAS AMERICAS PREMIUM OUTLETS®

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:

SCALELargest global owner of retail real estate including Malls, Simon Premium Outlets® and The Mills®

QUALITY Iconic, irreplaceable properties in great locations

INVESTMENTActive 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.

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:

SCALELargest global owner of retail real estate including Malls, Simon Premium Outlets® and The Mills®

QUALITY Iconic, irreplaceable properties in great locations

INVESTMENTActive 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.

THE SIMON EXPERIENCE — WHERE BRANDS & COMMUNITIES COME TOGETHER

PROPERTY OVERVIEW

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

LAS AMERICAS PREMIUM OUTLETS®

SAN DIEGO, CA

MAJOR METROPOLITAN AREAS

San Diego: 15 miles north Tijuana, Mexico: 1 mile south

RETAIL

GLA (sq. ft.) 555,000; 125 stores

OPENING DATES

Opened 2001 Expanded 2005

PARKING RATIO

3.6:1

RADIUS POPULATION (U.S. ONLY)

15 mile population: 1,009,477 30 mile population: 2,174,579 45 mile population: 2,809,726

AVERAGE HH INCOME (U.S. ONLY)

30 mile average: $83,180

SELECT TENANTS

adidas, American Eagle Outfitters, Ann Taylor Factory Store, Banana Republic Factory Store, BCBGMAXAZRIA, Brooks Brothers Factory Store, Calvin Klein Company Store, Coach, Gap Factory Store, GUESS Factory Store, HUGO BOSS Factory Store, Hurley, J.Crew Factory, Kenneth Cole Company Store, Kipling, LACOSTE Outlet, Michael Kors Outlet, NikeFactoryHouse, Polo Ralph Lauren Factory Store, Puma, Reebok, Tommy Bahama Outlet, Tommy Hilfiger Company Store, True Religion, Under Armour Factory House

TOURISM / TRAFFIC

San Diego is one of the top destinations in the United States with 70 miles of beaches, mountains and desert, exciting attractions, rich heritage and a year-round temperate climate. The area welcomes more than 33 million visitors annually. The San Diego Blue Line trolley has a stop just a short walk from Las Americas Premium Outlets. Vehicle travel at the intersection of I-5 and I-805 is over 140,000 daily. The traffic count on I-5 at the Dairy Mart Road Exit is approximately 70,000 daily. The center is steps away from the busiest border crossing in the world where over 50 million people enter the U.S. annually. The primary purpose for crossing the border from Mexico to the U.S. is to shop (42%). Twenty-four percent of the crossings are people coming to work in San Diego.

LOCATION / DIRECTIONS

The property is located in the southern region of San Diego County, off I-5, the primary north-south corridor on Camino de la Plaza, the last exit before the international border crossing into Mexico.

— From I-5: Exit right on Dairy Mart Road, go 1/8th mile and turn left onto Camino de la Plaza. The center is one mile on the right.

— From I-805: Exit on Camino de la Plaza, last exit before the international border crossing. Turn right and go 1/8th mile and turn left.

5

805

3

Dairy

Mar

t Rd.

Via

San

Ysid

ro

Camino de la Plaza

Will

ow R

d

Camino de la PlazaEast San Ysidro Blvd.

Mexico

USA

1

International Border

LAS AMERICAS PREMIUM OUTLETSSAN DIEGO, CA

NO

RTH

I-5

CAMINO DE LA PLAZA

USA-----------------MEXICO

SITE AND PLAN

T

I-5

CAMINO DE LA PLAZA

USA

_______

MEXICO

Salton Sea Beac

Mount Laguna

Lake San Marcos

Del Mar

BostoniaGranite Hills

Potrero

Solana Beach

Lemon Grove

Boulevard

Camp Pendleton South

Winter Gardens

Imperial Beach

Eucalyptus Hills

Bonita

Fairbanks Ranch

Jacumba

La Presa

Crest

Hidden Meadows

Casa de Oro-Mount Helix

Rancho Santa Fe

Pine Valley

Julian

Ocotillo

Camp Pendleton North

Rancho San Diego

National City

Bonsall

El Cajon

Jamul

San Diego Country Estates

Fallbrook

Vista

Descanso

Encinitas

Salton

Campo

San Marcos

Alpine

Valley Center

Coronado

Escondido

Ramona

Poway

Borrego Springs

Chula Vista

San Diego

5

3

4

8

9

6

11

12

13

14

15

2

1010

8314

11

5 12

2

6 13

4

15

9

7

1

15 MILES

30 MILES

45 MILES

MEXICO

SURROUNDING AREA CENTERS

1 Las Americas Premium Outlets®2 Carlsbad Premium Outlets3 Chula Vista Center4 Del Mar Plaza5 Fashion Valley6 The Forum at Carlsbad

Shopping Center7 Grossmont Center8 Otay Ranch Town Center9 Parkway10 Viejas Outlet Center11 Westfield Horton Plaza12 Westfield Mission Valley13 Westfield North County14 Westfield Plaza Bonita15 Westfield UTC

Simon CentersCompetition

SURROUNDING AREA CENTERS

OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Chula Vista Center Chula Vista, CA 876,000 sf JCPenney, Macy’s, Sears 8 miles / 10 minutes

Otay Ranch Town CenterChula Vista, CA 850,000 sf Barnes & Noble, Macy’s, REI 10 miles / 17 minutes

Westfield Plaza Bonita National City, CA 822,000 sf JCPenney, Macy’s 11 miles / 13 minutes

Westfield Horton PlazaSan Diego, CA 800,000 sf Macy’s, Nordstrom 16 miles / 20 minutes

Westfield Mission ValleySan Diego, CA 1,372,000 sf Macy’s, Nordstrom Rack, Target 19 miles / 22 minutes

Fashion Valley San Diego, CA 1,721,000 sf Neiman Marcus, Nordstrom,

Bloomingdale’s, Macy’s, JCPenney 20 miles / 23 minutes

OUTLET SHOPPING GROSS LEASABLE AREA DISTANCE / DRIVE-TIME

Outlets at the BorderSan Ysidro, CA 134,000 sf .5 miles

Viejas Outlet CenterAlpine, CA 255,000 sf 40 miles / 46 minutes

Carlsbad Premium Outlets®Carlsbad, CA 289,000 sf 50 miles / 55 minutes

Lake Elsinore OutletsLake Elsinore, CA 369,000 sf 90 miles / 1 hour 26 minutes

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).