LAS VEGAS SOUTH PREMIUM OUTLETS

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1 LAS VEGAS SOUTH PREMIUM OUTLETS

2 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.

3 Eastern Ave. PROPERTY OVERVIEW LAS VEGAS SOUTH PREMIUM OUTLETS LAS VEGAS, NV MAJOR METROPOLITAN AREA Las Vegas RETAIL GLA (sq. ft.) 536,000; 140 stores OPENING DATES Opened 1993 Expanded 1996, 2011 RADIUS POPULATION 15 mile population: 1,726, mile population: 1,998, mile population: 2,006,029 AVERAGE HH INCOME 30 mile average: $75,524 SELECT TENANTS adidas, Aéropostale Outlet, Ann Taylor Factory Store, BCBGMAXAZRIA, BOSE Factory Store, Brooks Brothers Factory Store, Calvin Klein Company Store, Coach Factory Store, The Converse Outlet Store, DKNY Company Store, Fossil Outlet, GUESS Factory Store, HUGO BOSS Factory Store, Hurley, Kenneth Cole Company Store, Michael Kors Outlet, NikeFactoryStore, Polo Ralph Lauren Factory Store, Puma, Reebok Factory Direct Store, Timberland Outlet, Tommy Hilfiger Company Store, True Religion, Under Armour Factory House TOURISM / TRAFFIC Las Vegas is one of the world s premier travel destinations. Close to 40 million tourists visit the market each year. Approximately 87% of these travelers are from North America, the remaining 13% are from international destinations primarily Japan, Germany and the United Kingdom, followed by Latin America. Over 6.3 million visitors are convention attendees. McCarran International Airport is the fifth busiest airport in the U.S. and the 11th busiest in the world. Less than half of the area visitors arrive by air with the balance arriving by car, bus or RV, primarily via I-15. There are currently over 150,000 hotel rooms in the Las Vegas market. The ADT on I-15 is 218,000. Sahara Ave. Tropicana Ave. Sunset Ave. Charleston Blvd. 215 Blue Diamond 15 Paradise Rd. Las Vegas Blvd. (The Strip) Downtown 15 Las Vegas Desert Inn Rd. McCarran Airport Warm Springs Rd LAS VEGAS SOUTH PREMIUM OUTLETS LAS VEGAS, NV Information accurate as of 5/1/15. Sources: SPG Research; trade area demographic information per Pitney Bowes MapInfo (2014). LOCATION / DIRECTIONS At the intersection of Las Vegas Blvd. South and Warm Springs Rd., Las Vegas, NV. From the Airport (3.5 miles): 1 Exit airport using the Airport Connector to I-215. Take I-215W to Las Vegas Blvd. South 2 Take the Las Vegas Blvd. Exit (Exit 9) 3 Turn left onto South Las Vegas Blvd. 4 Las Vegas South Premium Outlets is at the intersection of Las Vegas Blvd. and Warm Springs Rd. From the Strip: Follow Las Vegas Blvd. (the Strip) South to Warm Springs Rd. (3.9 miles/5 minutes)

4 SITE AND PLAN McCarran International Airport I-215 E. WARM SPRINGS RD. E. ROBINDALE RD. HAVEN ST. NORTH S. LAS VEGAS BLVD.

5 E. WARM SPRINGS RD. E. ROBINDALE RD. S. LAS VEGAS BLVD.

6 SURROUNDING AREA CENTERS 15 MILES SURROUNDING AREA CENTERS Simon Centers Competition 4 Las Vegas 11 9 Nellis AFB Sunrise Manor North Las Vegas 1 Las Vegas South Premium Outlets 2 Boulevard Mall 3 The District at Green Valley Ranch 4 Downtown Summerlin 5 The Fashion Show Mall 6 The Forum Shops at Caesars 7 Galleria At Sunset 8 Grand Canal Shoppes 9 Las Vegas North Premium Outlets 10 The Linq 11 Meadows Mall 12 Miracle Mile Shops 13 The Shoppes at the Palazzo 14 The Shops at Crystals 15 Town Square Las Vegas Summerlin South Winchester 2 Whitney Spring Valley Paradise 7 Blue Diamond Enterprise 3 Henderson

7 OTHER RETAIL SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Via Bellagio Shops Bellagio Miracle Mile Shops Planet Hollywood Resort 50,000 sf Boutiques 4 miles / 5 minutes 474,000 sf Boutiques 4 miles / 5 minutes The Forum Shops at Caesars Caesars Palace 675,000 sf Boutiques 4 miles / 6 minutes Grand Canal Shoppes Venetian 500,000 sf Boutiques 5 miles / 6 minutes The Fashion Show Mall The Strip 1,700,000 sf Dillard s, Macy s, Neiman Marcus, Nordstrom, Saks Fifth Avenue 5 miles / 7 minutes Crystals at City Center Las Vegas, NV 500,000 sf Boutiques 5 miles / 8 minutes Boulevard Mall Maryland Pkwy. 1,250,000 sf JCPenney, Macy s, Sears 7 miles / 10 minutes Galleria at Sunset US 95/Sunset Meadows Mall US 95/Valley View 973,000 sf Dillard s, JCPenney, Kohl s, Macy s 8 miles / 13 minutes 950,000 sf Dillard s, JCPenney, Macy s, Sears 12 miles / 16 minutes OUTLET SHOPPING GROSS LEASABLE AREA DISTANCE / DRIVE-TIME Las Vegas North Premium Outlets Phase 3 Now Open Las Vegas, NV 528,000 sf 140,000 sf 9 miles / 13 minutes Fashion Outlets of Las Vegas Primm, NV 360,000 sf 35 miles / 40 minutes

8 60 Columbia Road Building B 3rd Floor Morristown, NJ (973) 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).

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