THE SUMMIT RENO LAKE TAHOE

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1 THE SUMMIT RENO LAKE TAHOE

2 PROJECT LOCATION The Summit Reno is a key retail component situated in the center of a growing regional hub for commercial, residential and office activity. At 601,491 square feet, The Summit continues to open new, specialty retailers in order to promote growth and maintain its position as the premier retail destination in the market. The Summit, where I-395/580, State Highway 431 and South Virginia Street converge, is uniquely placed to serve the Reno-Sparks, Lake Tahoe and Carson City markets. In fact, residents and visitors alike have to pass The Summit on Mount Rose Highway when traveling from the Reno airport or downtown to the Lake Tahoe area. SITE FACTS ESTIMATED POPULATION , ,351 5-year growth 3.3% ESTIMATED HOUSEHOLDS , ,096 5-year growth 3.7% TRADE AREA TOURISM With a population of more than 495,000, the Reno-Lake Tahoe primary trade area is projected to grow at a rate of 3% over the next five years. There are 256,000 employees within a 20-minute drive of The Summit. This includes several of Reno s largest employers in education, entertainment and healthcare, which are located minutes from The Summit. Reno s unique year-round tourism pattern contributes to an additional 5 million visitors annually, providing $4.3 billion in non-gaming spend. Tourism is distributed evenly throughout the year, with each month averaging 7-10% of the annual visitor population. Reno, a recreation and meeting destination, appeals to visitors with its premier four-season resorts, world-class golf and skiing, and dynamic culture and arts, plus the added value of gaming and entertainment. Of the 5 million visitors, 33% stay for six or more days, 49% shop when they visit Reno and 39% have an income of $100,000+. AVERAGE HOUSEHOLD INCOME 2013 $74, $79,665 5-year growth 7.1% HH INCOME DISTRIBUTION $75, % OCCUPATION White-Collar Workers 59.3% Source: U.S. Census Bureau and Applied Geographic Solutions, 2014; 20-mile radius Source: Reno-Sparks Convention and Visitors Authority, 2011 Visitor Profile Study Reno-Lake Tahoe images courtesy of RSCVA/VisitRenoTahoe.com

3 Cold Springs 395 Lemmon Valley Sun Valley Spanish Springs Sparks 80 Verdi Mogul MEADOWOOD MALL DRIVE TIME: 10 MINS. Reno LEGENDS AT SPARKS MARINA DRIVE TIME: 18 MINS. 80 THE SUMMIT THE SUMMIT 5.00 Miles Population Density Kings Beach Miles One Dot = 100 people Average HH Income By Block Groups Dayton $100,000 or more Point Lake Tahoe Miles Carson City $75,000 to $100,000 $50,000 to $75,000 $30,000 to $50,000 Less than $30,000 Map data 2013 Google

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7 THE SUMMIT RENO LAKE TAHOE Total size: 601,491 sq. ft. ANCHORS: RESTAURANTS: Dillard s* (199,519 sq. ft.) Old Navy (17,145 sq. ft.) Orvis* (14,850 sq. ft.) Century Theatres (50,000 sq. ft.) BJ s Brewhouse* Buffalo Wild Wings* Fatburger Got Pho Starbucks Wasabi* SPECIALTY SHOPS: Aéropostale All-American Sports Fan Ann Taylor* Apple* Banana Republic* Bath & Body Works bebe* Buckle Caché Charming Charlie* Chico s* Coach DeVons Jewelers* Gap Adult/Kids/ Baby/Maternity/Body Gymboree J. Crew* J. Jill* Jared the Galleria of Jewelry Jos. A. Bank* Justice* Lane Bryant LOFT* Lucky Brand Jeans* M A C Cosmetics* PacSun Patrick James* Pottery Barn* Reno Blow Dry Bar* Savvy Boutique* Sephora* Skechers* Soma Intimates* Sunglass Hut Talbots* Tangerine Aveda* Tilly s Vans Victoria s Secret White House Black Market* Williams-Sonoma* Yankee Candle *EXCLUSIVE TO THE MARKET

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9 OUR MANAGEMENT PHILOSOPHY Our commitment is to creating community environments that are crafted for long-term growth. We recognize that the consumer is choice-driven with a desire for quality shopping, dining and entertainment all in one convenient location. Therefore, we specialize in managing multiuse destinations so that retail, recreation and business flow together, maximizing the synergies between lifestyle components to create an enjoyable atmosphere where customers can shop, dine, live, work and play. Central to our philosophy is the desire to shape a destination of substance that s responsive to the needs of both the market and the community. We create true gathering places by crafting an ideal mix of shopping, social and professional venues in a beautifully landscaped, architecturally pleasing and well-maintained environment. The combination of high-demand retail, restaurants and entertainment, which might also include Class A office space, a residential component and service providers, delivers the ideal opportunity for customers and businesses to positively experience all that we have to offer. This is a proven formula for success for the consumer and businesses, helping to fulfill our mission of improving the quality of life in the communities we serve.

10 2222 ARLINGTON AVENUE BIRMINGHAM, AL PHONE BAYER