A LUSH DESTINATION. In the subtropical climate of southern Miami, The Falls

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1 MIAMI, FLORIDA

2 A LUSH DESTINATION In the subtropical climate of southern Miami, The Falls attracts cosmopolitan shoppers from nearby communities and around the world. Southern Miami includes upscale suburbs and oceanfront homes. Coral Gables, Kendall, South Miami, Cutler Bay, Village of Pinecrest, Palmetto Bay, and Coconut Grove are all nearby cities. Within a three-mile radius, the area is dense and affluent. The market has more than 100,000 people, and the average annual household income ranks as one of the highest in the US. Approximately 30% of shoppers are tourists. The Falls attracts mostly international tourists from Brazil, Argentina, Mexico, Canada, France, and the United Kingdom. The Falls is within three miles of Biscayne Bay and the Atlantic Ocean. Surrounding attractions include Zoo Miami, Miami Seaquarium, Jungle Island, the Florida Keys, and Everglades National Park.

3 MIAMI S FAVORITE OUTDOOR SHOPPING At The Falls, visitors shop and dine along the open-air walkways, enjoying the million-gallon waterscape and tropical foliage. The Falls has more than 100 stores offering a wide selection of popular brands and styles. Many stores are unique to the market, including American Girl, Apple, Michael Kors, Brighton Collectibles, Brooks Brothers, Build-A-Bear Workshop, Columbia Sportswear, Hanna Andersson, L Occitane, Vera Bradley, and The Fresh Market. Dining al fresco is a favorite at The Falls with a savory variety of tempting options. In 2015, Miami New Times named The Falls one of Miami s Five Best Shopping Malls.

4 BY THE NUMBERS Anchored by Two Department Stores Bloomingdale s and Macy s Square Footage The Falls spans 838,000 square feet. Single Level An open-air center with more than 100 stores. Restaurants Nine quick-service eateries. Eight sit-down restaurants.

5 IN GOOD COMPANY Trendy. Diverse. Sophisticated. Many fine brands have chosen The Falls as their preferred location in southern Miami, Florida. ALDO ALEX AND ANI American Eagle Outfitters Francesca's Soma Intimates Victoria s Secret

6 INDULGENT DINING & ENTERTAINMENT In The Falls relaxing atmosphere, shoppers can dine at one of several sit-down restaurants and enjoy outstanding entertainment options. Sit-down restaurants include BRIO Tuscan Grille, BJ s Restaurant & Brewhouse, TGI Fridays, Los Ranchos Steakhouse, P.F. Chang s, Red Robin, Sokai Sushi Bar, and ICEBOX Cafe. A flagship 16,000-square-foot American Girl store featuring American Girl Bistro is a destination stop for many visitors. Regal Cinemas has a 12-screen movie theater. The Falls spectacular light show and the Miracle on 136th Street Holiday Parade make the holidays a special time at the center. The parade attracts approximately 30,000 visitors annually.

7 POSITIONED TO SUCCEED The Falls is strategically positioned to serve the affluent suburbs of southern Miami. The Falls is at the corner of US-1 and SW 136th Street. Both US-1 and SW 136th Street are among the busiest corridors in Miami-Dade County. Each year, over 26 million vehicles travel through on US-1 and over six million travel through on Howard Drive which runs directly in front of the property , , , , $82, $87, , $389,671 Information as of 5/1/17. Source: SPG Research; trade area demographic information per STI: PopStats (2016).

8 DESTINATION SHOPPING One of the nation s most cosmopolitan cities, Miami is the ultimate destination for shopping, trendsetting fashions, nightlife, and entertainment. Miami welcomes more than 40 million visitors annually, and tourism contributes more than $23.8 billion to the region s economy. Greater Miami and the Beaches has become one of the most fashion-forward destinations in the world. Miami s nightlife is one of the most diverse and exciting in the nation and the hottest clubs are located in South Beach. Miami International Airport is currently the second most popular gateway in the U.S. for international arrivals. In 2015, the number of international visitors grew 5% (more than 21 million). The number of domestic visitors grew by 11% (more than 23 million). Miami is also home to two unique national parks, Biscayne National Park and Everglades National Park.

9 Miami Lakes Bunche Park Golden Glades North Miami Beach Hialeah Gardens Medley 12 Hialeah Opa-locka Westview 95 Pinewood Biscayne Park Miami Shores West Little River El Portal North Bay Village Gladeview Bal Harbour 2 Indian Creek Doral Miami Springs Virginia Gardens Brownsville 5 Miami Beach TRADE AREA BOUNDARY 6 8 Miami 7 Tamiami Fountainbleau West Miami 3 Fisher Island University Park Westchester Coral Terrace 11 Olympia Heights Kendall WestKendale Lakes Sunset Glenvar Heights 4 9 Coral Gables Key Biscayne The Hammocks The Crossings Kendall Pinecrest 1 Country Walk Richmond Heights 1 Palmetto Estates Cutler Richmond West East Perrine South Miami Heights Goulds 10 Cutler Ridge Princeton Naranja N 0 5 Leisure City Homestead Base MILES TRADE AREA & COMPETITION Simon Centers Competition Homestead 1 The Falls 2 Bal Harbour Shops 3 Brickell City Centre 4 Dadeland Mall 5 Design District 6 Dolphin Mall 7 Lincoln Road 8 Miami International Mall 9 The Shops at Sunset Place 10 Southland Mall 11 The Village of Merrick Park 12 Westland Mall

10 SW 92ND AVE. MACY'S REGAL CINEMAS P.F. CHANG S US 1 / DIXIE HWY. BLOOMINGDALE'S AMERICAN GIRL ICEBOX CAFE SOKAI PERUVIAN SUSHI BAR TGI FRIDAYS BJ S RESTAURANT & BREWHOUSE BRIO COASTAL BAR & KITCHEN LOS RANCHOS STEAKHOUSE THE FALLS SW 136TH ST. / HOWARD DR. RED ROBIN THE FRESH MARKET SHAKE SHACK (COMING SOON) N AERIAL OVERVIEW

11 N KEY PROPOSED/FUTURE RESTAURANTS DEPARTMENT STORES ANCHOR STORE RESTAURANTS RETAIL THEATER GROCERY SW 136TH ST. RED ROBIN SHAKE SHACK (COMING SOON) P.F. CHANG S PARKING DECK BJ S RESTAURANT & BREWHOUSE TGI FRIDAYS LOS RANCHOS STEAKHOUSE BRIO COASTAL SOKAI BAR & PERUVIAN KITCHEN SUSHI BAR THE FRESH MARKET MACY S BLOOMINGDALE S PARKING DECK US 1 / S. DIXIE HWY. REGAL CINEMAS AMERICAN GIRL ICEBOX CAFE SITE PLAN SITE PLAN

12 UNIQUE OPPORTUNITY The Falls presents a unique opportunity for your brand. Please contact the following leasing professional for more information. Jennifer Collada (305) jcollada@simon.com

13 225 West Washington Street Indianapolis, IN (317) simon.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).