CALHOUN PREMIUM OUTLETS

CALHOUN 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 CALHOUN PREMIUM OUTLETS CALHOUN, GA CALHOUN PREMIUM OUTLETS MAJOR METROPOLITAN AREAS Chattanooga, TN: Atlanta: RETAIL GLA (sq. ft.) 254,000; 50 stores OPENING DATES Opened October 1992 PARKING RATIO 50 miles 68 miles SELECT TENANTS American Eagle Outfitters, Ann Taylor Factory Store, Carter s Outlet, The Children s Place Outlet, Christopher & Banks, Coach, Gap Factory Store, Gymboree Outlet, Jones New York, LOFT Outlet, NikeFactoryStore, Old Navy Outlet, OshKosh B gosh, Polo Ralph Lauren Factory Store, SKECHERS USA Outlet Store, Tommy Hilfiger Company Store TOURISM / TRAFFIC Calhoun Premium Outlets is located 68 miles north of Atlanta, Georgia, and 50 miles south of Chattanooga, Tennessee, two of the largest southeastern U.S. cities. This location features a strong population base of over 4.4 million people within a 60-mile radius. AL Chattanooga Dalton 53 75 Atlanta 85 285 TN GA From Florida CALHOUN, GA 20 From SC 85 5.5:1 RADIUS POPULATION mile population: 91,763 30 mile population: 564,087 45 mile population: 1,907,579 AVERAGE HH INCOME 30 mile average: $63,103 MAJOR ATTRACTIONS Resaca Civil War Grounds, Fields Ferry Golf Course and Calhoun Gordon Arts Center LOCATION / DIRECTIONS I-75 (Exit 312) to Outlet Center Drive, Calhoun, Georgia. Calhoun Premium Outlets has strong visibility on I-75 and boasts a traffic count of 61,000 vehicles passing the center daily with four million visitors annually. From Chattanooga: Take I-75S to Exit 312 and turn left off of exit ramp. Turn right onto Outlet Center Drive. From Atlanta: Take I-75N to Exit 312 and turn right off of exit ramp. Turn right onto Outlet Center Drive. Information accurate as of 5/1/. Sources: SPG Research; trade area demographic information per Pitney Bowes MapInfo (2014).

SITE AND PLAN BELWOOD RD. I-75 NORTH

I-75 BELWOOD RD.

SURROUNDING AREA CENTERS East Cleveland Signal Mountain Harrison Red Bank South Cleveland Kimball 24 South Pittsburg Murphy Ooltewah Jasper Collegedale 10 10 Ridgeside East Ridge Lookout Mountain Indian Springs Fort Oglethorpe Cohutta Ringgold Epworth Mineral Bluff Varnell 76 Morganton Chickamauga Trenton Blairsville Tunnel Hill 45 MILES Eton Cherry Log Chatsworth 12Dalton 23 23 12 30 MILES LaFayette Ider 59 East Ellijay Henagar dge Simon Centers Competition Copperhill McCaysville Lakeview Bridgeport SURROUNDING AREA CENTERS Ducktown Apison 75 27 MILES Resaca Mentone Valley Head Trion Dahlonega Talking Rock Calhoun Menlo 1 Summerville Fort Payne Ranger 411 19 Dawsonville Plainville Lyerly Nelson Ball Ground Shannon 13 13 White Canton Kingston Lindale Cedar Bluff urg 411 Gain Waleska 41 Rome Gaylesville ock Oak 575 Cumming 6 6 Cartersville Flowery Br Holly Springs Centre Euharlee Emerson Woodstock 17 17 Taylorsville Cedartown Mountain Park Acworth Aragon y Kennesaw Rockmart 22 22 Piedmont 278 4 4 Buchanan Dunwoody 285 7 7 Vinings Hiram Edwardsville Marietta Fair Oaks Dallas Lithia Springs 8 18 18 Norcross Br Sugar Hill 2 2 Alpharetta Roswell Johns Creek Suwanee Duluth Sandy Springs Berkeley Lake 8 33 Braswell Nances Creek Rest Haven Milton Cave Spring ksonville 14 14 Adairsville Broomtown 9 9 985 21 Dac 21 Lawrenceville 85 Chamblee 20 19 20 19 16 Tucker 16 North 11 Atlanta 5 5 11 Clarkston Lilburn Grayson Snellville Loganvi 1 2 3 4 5 6 7 8 9 10 11 12 13 14 16 17 18 19 20 21 22 23 Calhoun Premium Outlets Avalon The Avenue East Cobb The Avenue West Cobb Buckhead Atlanta The Collection at Forsyth Cumberland Mall The Forum at Peachtree Parkway Gwinnett Place Hamilton Place Mall Lenox Square Market Street Shops Dalton Mount Berry Square North Georgia Premium Outlets North Point Mall Northlake Mall The Outlet Shoppes at Atlanta Perimeter Mall Phipps Plaza Plaza Fiesta Sugarloaf Mills Town Center at Cobb Walnut Square Mall

OTHER RETAIL SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Walnut Square Mall Dalton, GA Mount Berry Square Rome, GA 450,000 sf Belk, JCPenney, Sears, 23 miles / 26 minutes 478,000 sf Belk, JCPenney, Sears, Dunham s Sports 24 miles / 26 minutes The Avenue West Cobb Marietta, GA 205,000 sf Barnes & Noble, Gap 44miles / 53 minutes Town Center at Cobb Kennesaw, GA 1,281,000 sf Belk, Macy s, JCPenney, Sears 45miles / 45 minutes Hamilton Place Mall Chattanooga, TN 1,145,000 sf Belk, Dillard s, JCPenney, Sears, Forever 21 50 miles / 48 minutes OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Market Street Shops - Dalton Dalton, GA The Outlet Shoppes at Atlanta Woodstock, GA North Georgia Premium Outlets Dawsonville, GA Tanger Outlets - Commerce Commerce, GA 173,000 sf 23 miles / 24 minutes 370,000 sf Saks Fifth Avenue OFF 5TH 53 miles / 55 minutes 540,000 sf Saks Fifth Avenue OFF 5TH 63 miles / 1 hour 30 minutes 528,000 sf VF Outlet, H&M 108 miles / 2 hours 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).