JERSEY SHORE PREMIUM OUTLETS

JERSEY SHORE 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 JERSEY SHORE PREMIUM OUTLETS TINTON FALLS, NJ MAJOR METROPOLITAN AREAS New York, NY: Philadelphia, PA: RETAIL 60 miles north 75 miles southwest GLA (sq. ft.) 434,000; 120 stores OPENING DATE Opened 2008 RADIUS POPULATION 15 mile population: 834,030 30 mile population: 3,692,468 45 mile population: 14,223,341 AVERAGE HH INCOME 30 mile average: $87,486 SELECT TENANTS Ann Taylor Factory Store, Banana Republic Factory Store, BCBGMAXAZRIA, Brooks Brothers Factory Store, Burberry, Calvin Klein Company Store, Coach, Cole Haan Outlet, DKNY, Elie Tahari Outlet, Gap Factory Store, J.Crew Factory, kate spade new york, Kenneth Cole Company Store, LACOSTE Outlet, Michael Kors Outlet, NikeFactoryStore, Puma, Talbots, Theory, Tommy Hilfiger Company Store, Under Armour Factory House TOURISM / TRAFFIC The New Jersey Shore region (Monmouth and Ocean Counties) is part of the country s largest metropolitan market, less than an hour from New York City and about 1 1/2 hours from Philadelphia. Over 20 million people live within 60 miles of the site. Monmouth County was recently named as one of Money Magazine s Best Places to Live in America. The New Jersey Shore offers more than 65 miles of sparkling ocean beaches plus an abundance of bay, river, and lake beaches. The area hosts Gateway National Park, Jenkinson s Boardwalk, Monmouth Park Racetrack, the PNC Bank Arts Center, the historic Tuckerton Seaport, the Lakewood Blue Claws baseball team, Six Flags Great Adventure and Wild Safari, and much more. The center is located just 2.5 miles from Asbury Park, the birthplace of New Jersey rock and roll, including the Stone Pony and Paramount Theatre. 36 Tinton Falls 66 34 Philadelphia 195 Garden State Pkwy. New York Exit 100A 33 138 JERSEY SHORE PREMIUM OUTLETS TINTON FALLS, NJ 18 35 Neptune Belmar LOCATION / DIRECTIONS Off the Garden State Parkway at Rte. 66 (Exit 100A), Tinton Falls, New Jersey. Garden State Parkway, Exit 100A to Rte. 66E, access to property via new overpass Information accurate as of 5/1/15. Sources: SPG Research; trade area demographic information per Pitney Bowes MapInfo (2014).

SITE AND PLAN SR 66 PREMIUM OUTLET BLVD.HOVCHILD BLVD. ESSEX RD. GARDEN STATE PKWY. NORTH

ESSEX RD. GARDEN STATE PKWY. NEW YORK

SURROUNDING AREA CENTERS Byram Center Oradell Prospect Park Miller Plac Pelham Lloyd Harbor Eatons Neck Setauket-East Setauket Larchmont Lincoln Park Elmwood Park Mount Arlington Stony Brook University Centerport Lattingtown Centre Island Totowa Maywood Netcong Rockaway Boonton pe Halesite Kings Park Singac Selden Coram St James Locust Valley Great Meadows Clifton Victory Gardens Bogota Leonia North Caldwell Gordon He 15 Lake Kenvil Greenlawn Village of the Branch Hackettstown Manorhaven WallingtonPalisades Park East Norwich Commack Caldwell Brookdale Succasunna Morris Plains 25 Baxter Estates Glen Head Y Lake Ronkonkoma Edgewater South Huntington Essex Fells tzville Beattystown Munsey Park Greenvale Brookville Holtsville Med Glen Ridge Islandia 7 Dix Hills Morristown Saddle Rock Estates Guttenberg 2 Port Murray Chester North Patchogue Central Islip Silver Lake Roslyn Heights 5 Plainview 3 Florham Harbor Hills 14 Park Mendham Colden Long Valley Union 33 City Madison Herricks 34 Baywood Islip Terrace Lake Success Blue Point Be Short Hills East Newark Hoboken Old Bethpage Anderson 17 Salisbury Chatham 16 Floral Park 28 9 27 North Babylon Harrison West Sayville 22 Hampton Califon 12 Jersey City Peapack and Gladstone South Floral Park Levittown East Farmingdale Fire I 32 Brightwaters 35 ury Glen Gardner New Providence Far Hills Malverne Park Oaks Kenilworth Babylon North Merrick West Babylon 37 Valley Stream Amityville Bayonne High Bridge Seaford Roselle Park Watchung Baldwin 10 20 New York Elizabeth Woodmere Ocean Beach Fanwood Garwood Clinton Lebanon Baldwin Harbor Gilgo Saltaire Hewlett Neck Martinsville White House Station Rahway Lawrence Green Knoll Carteret Point Lookout Harbor Isle Middlesex Iselin Avenel 4 36 Raritan Fords38Sewaren South Bound Brook 19 Society Hill Weston Perth Amboy Somerset Flemington Millstone East Franklin South Amboy Belle Mead Six Mile Run Union Beach 31 Milltown Harlingen Madison Park North Middletown Skillman Matawan Ten Mile RunGriggstown Keyport Leonardo Highlands 6 Spotswood kton Hopewell Blawenburg Brownville Strathmore Navesink Dayton Helmetta Morganville Fair Haven Sea Bright Kingston mbertville Princeton 30 Jamesburg Fairview w Hope 24 Robertsville Red Bank11Monmouth Beach Plainsboro Center Pennington Rossmoor Yorketown 18 Cranbury Eatontown Shrewsbury Lawrenceville Englishtown West 26 East Freehold 21 Long Branch Hightstown Oakhurst Freehold own Grant Twin Rivers 8 Mercerville Tinton Falls Allenhurst West Freehold Newtown Yardley Roosevelt Robbinsville Trenton Ocean Grove e Shires Farmingdale Avon-By-the-Sea Morrisville Allentown 29 Yardville Langhorne Lake Como 13 Bordentown Vista Center Groveville Spring Lake Heights Hulmeville 15 MILES Fieldsboro Allenwood Roebling Lakewood Ramtown tsburlington Bristol Point Pleasant Beach rmon Allamuchy 15 25 14 7 33 17 22 12 35 16 20 4 19 27 34 32 2 3 28 10 9 37 31 6 30 24 18 26 11 21 8 29 Bay Head New Egypt McGuire AFB Fort Dix Juliustown ra Pemberton Pemberton Heights Cedar Glen Lakes Country Lake Estates Presidential Lakes Estates Leisuretowne Marlton Greentree on 1 13 Beverly Mantoloking Cedar Glen West Leisure Village East Leisure Knoll Lakehurst Dover Beaches North 23 Lavallette Silver Ridge Island Heights Seaside Heights South Toms River Ocean Gate Seaside Park 23 Medford Lakes Forked River Berlin Waretown Pine Valley Barnegat Barnegat Light Ocean Acres Chesilhurst Manahawkin mstown Hammonton Ship Bottom y Lakes Tuckerton Collings Lakes Elwood Buena Beach Haven West Harvey Cedars Surf City Mystic Island Egg Harbor City North Beach Haven Beach Haven Simon Centers Competition 5 36 38 SURROUNDING AREA CENTERS 30 MILES 45 MILES 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 Jersey Shore Premium Outlets Americana Manhasset The Bay Terrace Bridgewater Commons Broadway Mall Brunswick Square City Place at the Promenade Freehold Raceway Mall The Gallery at Westbury Plaza Green Acres Mall The Grove at Shrewsbury Hudson Mall Jackson Premium Outlets Livingston Mall The Mall at Bay Plaza The Mall at Short Hills Manhattan Mall Market Fair Mall Menlo Park Mall The Mills at Jersey Gardens Monmouth Mall Newport Centre Ocean County Mall Palmer Square Princeton The Promenade Shops at Clifton Quaker Bridge Mall Queens Center Roosevelt Field Mall Shoppes at Hamilton Shoppes at Old Bridge The Shoppes of North Brunswick The Shops at Atlas Park Shops at Columbus Circle The Shops at Skyview Center South Street Seaport Staten Island Mall Westfield Sunrise Woodbridge Center

OTHER RETAIL SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Monmouth Mall Eatontown, NJ 1,500,000 sf Boscov s, JCPenney, Lord & Taylor, Macy s 7 miles / 12 minutes Freehold Raceway Mall Freehold, NJ 1,600,000 sf JCPenney, Lord & Taylor, Macy s, Nordstrom, Sears 12 miles / 25 minutes Shoppes at Old Bridge Old Bridge, NJ 106,000 sf Banana Republic, Gap, LOFT 22 miles / 24 minutes Ocean County Mall Toms River, NJ 898,000 sf Macy s, Boscov s, JCPenney, Sears 23 miles / 30 minutes Menlo Park Mall Edison, NJ 1,332,000 sf Nordstrom, Macy s, Fortunoff Backyard Store 31 miles / 40 minutes Woodbridge Center Woodbridge, NJ 1,500,000 sf Boscov s, Dick s Sporting Goods, JCPenney, Lord & Taylor, Macy s, Sears 32 miles / 40 minutes OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Jackson Premium Outlets Jackson, NJ 286,000 sf 26 miles / 38 minutes The Mills at Jersey Gardens Elizabeth, NJ 1,296,000 sf Neiman Marcus Last Call, Saks Fifth Avenue OFF 5TH 40 miles / 45 minutes Liberty Village Premium Outlets Flemington, NJ 162,000 sf 60 miles / 1 hour

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).