DESERT HILLS PREMIUM OUTLETS

DESERT HILLS 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 DESERT HILLS PREMIUM OUTLETS CABAZON, CA MAJOR METROPOLITAN AREAS SELECT TENANTS Palm Springs: Los Angeles: RETAIL 18 miles east 75 miles west GLA (sq. ft.) 651,000; 180 stores OPENING DATES Opened July 1990 Expanded May 1995, 1997, 2002, 2014 Multi-level parking structure Neiman Marcus Last Call, Saks Fifth Avenue OFF 5TH, Armani Outlet, Barneys New York Warehouse, Bottega Venetta, Brunello Cucinelli, Burberry, Coach, Diane von Furstenberg, Diesel, Dolce & Gabbana, Elie Tahari Outlet, Ermenegildo Zegna Outlet Store, Furla, Gucci, Helmut Lang, HUGO BOSS Factory Store, James Perse, Jimmy Choo, kate spade new york, Kenneth Cole Company Store, LACOSTE Outlet, Loro Piana, Marni, Michael Kors Outlet, Mulberry, NikeFactoryStore, Polo Ralph Lauren Factory Store, Prada, Saint Laurent Paris, Salvatore Ferragamo Company Store, Theory Outlet, Tod s, Tory Burch, Tourneau, True Religion, Versace TOURISM / TRAFFIC More than 77,000 vehicles travel daily on I-10 past the center. 15 Los Angeles San Bernardino Riverside 60 Cabazon 15 215 San Diego Malki Rd. DESERT HILLS PREMIUM OUTLETS CABAZON, CA 10 Morongo Indian Casino 111 Palm Springs PARKING RATIO MAJOR ATTRACTIONS 5.42:1 RADIUS POPULATION 15 miles 216,438 30 miles 1,418,136 45 miles 3,462,232 3.5 million travelers visit Palm Springs, Palm Desert, Indio and Rancho Mirage resorts and hotels annually. LOCATION / DIRECTIONS On I-10, 18 miles west of Palm Springs and 75 miles east of Los Angeles, California. AVERAGE HH INCOME 30 mile radius $72,183 From Los Angeles: I-10E to Malki Road Exit, turn left at the end of the ramp and right onto Seminole, 1/4 mile to entrance on left From Palm Springs: Highway 111N to I-10 to Malki Road, follow billboards to entrance Information accurate as of 5/1/15. Sources: SPG Research; trade area demographic information per Pitney Bowes MapInfo (2014).

NORTH SITE AND PLAN SEMINOLE DRIVE LOS ANGELES INTERSTATE 10 PALM SPRINGS

LOS ANGELES INTERSTATE 10 PALM SPRINGS FOUR-LEVEL PARKING DECK

SURROUNDING AREA CENTERS SURROUNDING AREA CENTERS os Angeles Simon Centers Competition Adelanto Victorville Apple Valley 1 2 3 4 5 6 7 8 9 10 11 Desert Hills Premium Outlets Cabazon Oulets Galleria at Tyler The Gardens on El Paseo Inland Center Mall Lake Elsinore Outlets The Mall of Victor Valley Moreno Valley Mall Ontario Mills The Promenade in Temecula The Promenade Shops at Dos Lagos 12 Victoria Gardens 13 Westfield Palm Desert Mountain View Acres 7 7 Phelan Piñon Hills 45 MILES Lucerne Valley Hesperia Oak Hills Wrightwood 30 MILES Lake Arrowhead Crestline Lytle Creek Big Bear City Big Bear Lake Homestead Valley Running Springs San Antonio Heights La Verne Upland San Dimas Montclair Walnut Pomona ills ea Anaheim Fontana Eastvale Pedley Norco Riverside 3 3 Woodcrest Home Gardens Coronita El Sobrante Corona El Cerrito 11 11 Villa Park Orange North Tustin a Tustin Rancho Santa Margarita Laguna Woods Las Flores Laguna Hills 1 2 Desert Hot Springs Whitewater Desert Edge Garnet Sky Valley Cabazon 2 Lakeview Nuevo San Jacinto Idyllwild-Pine Cove Green Acres East Hemet Menifee Mountain Center Winchester Lakeland Village Wildomar Murrieta 10 10 San Juan Capistrano Temecula Dana Point Rancho MirageDesert Palms Bermuda Dunes Indio 13 4 Indian Wells Coachella La Quinta 13 4 Vista Santa Rosa French Valley Laguna BeachLadera Ranch Indio Hills Thousand Palms Cathedral City Romoland Meadowbrook 6 Lake Forest Beaumont March ARB 6 Springs Warm Canyon Lake Irvine Cherry Valley Banning 8 Moreno Valley Good Hope Temescal Valley Morongo Valley Oak Glen 8 Mead Valley Lake Mathews Joshua Tree 15 MILES Highland 5 Twentynine Palms Yucca Valley 5 Bloomington Loma Linda Mentone Redlands Crestmore Heights Yucaipa Rubidoux Calimesa Highgrove 9 9 Chino Hills entia Rancho Cucamonga 12 12 Rialto Ontario Chino San Bernardino Muscoy Thermal Mecca Anza Lake Riverside Oasis North Shore Aguanga San Clemente Desert Shores Salton Sea Beach Rainbow Fallbrook Camp Pendleton North Bonsall Camp Pendleton South Vista Valley Center Hidden Meadows Salton City Borrego Springs Bombay

OTHER RETAIL SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Moreno Valley Mall at Towngate Moreno Valley, CA The Gardens on El Paseo El Paseo, CA 1,035,000 sf JCPenney, Macy s, Sears 22 miles / 25 minutes 200,000 sf Saks Fifth Avenue 35 miles / 40 minutes Westfield Palm Desert Palm Desert, CA 1,000,000 sf JCPenney, Macy s, Sears 35 miles / 40 minutes Inland Center Mall San Bernardino, CA 1,000,000 sf Macy s, Sears 35 miles / 50 minutes Galleria at Tyler Riverside, CA 1,104,000 sf JCPenney, Macy s, Nordstrom 40 miles / 45 minutes Ontario Mills Ontario, CA 1,471,000 sf Neiman Marcus Last Call, Nordstrom Rack, Saks Fifth Avenue OFF 5TH 50 miles / 50 minutes The Promenade in Temecula Temecula, CA 1,050,000 sf JCPenney, Macy s, Sears 50 miles / 50 minutes Montclair Plaza Montclair, CA 1,200,000 sf JCPenney, Macy s, Nordstrom, Sears 55 miles / 55 minutes Victoria Gardens Rancho Cucamonga, CA 1,160,000 sf JCPenney, Macy s 55 miles / 55 minutes OUTLET SHOPPING GROSS LEASABLE AREA DISTANCE / DRIVE-TIME Cabazon Outlets Cabazon, CA Lake Elsinore Outlets Lake Elsinore, CA 65,000 sf 1/2 mile / 1 minute 318,000 sf 65 miles / 1 hour Carlsbad Premium Outlets Carlsbad, CA 289,000 sf 85 miles / 1 hour 36 minutes Tanger Outlet Center Barstow, CA 109,000 sf 90 miles / 1 hour 40 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).