SAN MARCOS PREMIUM OUTLETS

SAN MARCOS 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 SAN MARCOS PREMIUM OUTLETS SAN MARCOS, TX MAJOR METROPOLITAN AREAS SELECT TENANTS Austin San Antonio Houston Dallas Mexico RETAIL 30 miles 40 miles 150 miles 226 miles 197 miles Neiman Marcus Last Call, Saks Fifth Avenue OFF 5TH, Armani Outlet, Banana Republic Factory Store, Clarins, Cole Haan Outlet, Diane von Furstenberg, Elie Tahari Outlet, Gucci, James Perse, kate spade new york, lululemon athletica, Michael Kors Outlet, NikeFactoryStore, The North Face, Polo Ralph Lauren Factory Store, Pottery Barn, Prada, Salvatore Ferragamo Company Store, Tory Burch, Under Armour Factory House, Victoria s Secret, Williams-Sonoma SAN MARCOS PREMIUM OUTLETS SAN MARCOS, TX Austin 35 To Dallas/Ft. Worth GLA (sq. ft.) 732,000; 145 Stores TOURISM / TRAFFIC San Marcos OPENING DATES Opened August 1990 Renovated November 2005 PARKING RATIO 5:1 RADIUS POPULATION San Marcos Premium Outlets offers an impressive collection of luxury and name-brand stores. Ideally situated on Exit 200 off I-35, the center draws from the 3.5 million people who live within a 60-mile radius and takes full advantage of the 117,000 vehicles that pass by daily along I-35. The center consistently ranks within the top 10 visitor attractions in the state of Texas and draws nearly 11 million visitors annually with a strong international shopping base comprised of guests from Latin America (more than three million affluent Mexican nationals annually), Europe, and Asia. The Austin MSA (includes San Marcos) ranked #1 fastest growing city in the US by Forbes for the fourth consecutive year. San Antonio To Mexico 10 80 To Houston 15 mile population: 208,651 30 mile population: 871,227 45 mile population: 2,915,836 AVERAGE HH INCOME MAJOR ATTRACTIONS Tourist attractions include: Fiesta Texas, Sea World, The River Walk, The Alamo, Texas State Capitol, Schlitterbahn, Historic Village of Gruene and river tubing. 30 mile average: $79,094 LOCATION / DIRECTIONS San Marcos Premium Outlets is ideally situated on Exit 200 off I-35. From Austin: I-35S to Exit 200 toward Centerpoint Rd. in San Marcos From Dallas: I-35S to Exit 200 toward Centerpoint Rd. in San Marcos From Houston: US 290W to TX Hwy. 21W to I-35, Exit 200 Information accurate as of 5/1/15. Sources: SPG Research; trade area demographic information per Pitney Bowes MapInfo (2014). From San Antonio: I-35N to Exit 200 toward Centerpoint Rd. in San Marcos

SITE AND PLAN AUSTIN I-35 SAN ANTONIO NORTH

15 RISERS @ 7" 14 TREADS @ 11" 15 RISERS @ 7" 14 TREADS @ 11" WATER 650.5' WATER 650.5' 12 RISERS @ 7" 11 TREADS @ 11" 12 RISERS @ 7" 11 TREADS @ 11" AUSTIN I-35 SAN ANTONIO

SURROUNDING AREA CENTERS Thorndale Highland Haven Taylor Meadowlakes Horseshoe Bay Thrall Hutto Round Rock Cedar Park Brushy Creek Jonestown Lago Vista Windemere Volente Jollyville Wells Branch Hudson Bend 5 3 Point Venture Leander 14 SURROUNDING AREA CENTERS Simon Centers Competition 9 Round Mountain 3 Lexingto 5 6 Bee Cave 6 Johnson City Fredericksburg Lost Creek McDade Rollingwood 4 Barton Creek Stonewall 4 Hornsby Bend Sunset Valley Dripping Springs Webberville Camp Swift Circle D-KC Estates Bear Creek Shady Hollow Austin San Leanna Hays Manchaca Driftwood Blanco San Marcos 1 Redwood Staples Bulverde Timberwood Park 13 16 Cross Mountain 911 Niederwald Uhland Boerne Scenic Oaks Smithville Kyle Lockhart Canyon Lake Fair Oaks Ranch New Braunfels Geronimo Lake Dunlap 15 MILES Kingsbury San Antonio Schertz Hollywood Park 11 Selma Santa ClaraMcQueeneySeguin 12 Hill Country Village Marion Helotes Live Oak Cibolo 7 Castle Hills 8 Windcrest Zuehl Alamo Heights 2 Balcones Heights Olmos Park Kirby New Berlin hores Grey Forest 15 7 8 Lackland AFB 10 12 Moulton Gonzales Shiner St Hedwig China Grove 45 MILES La Vernia Macdona Nixon Elmendorf Yoakum Smiley Stockdale Somerset Natalia Devine Flatonia 30 MILES 10 2 Von Ormy Lytle Waelder Luling 13 Castroville LaCoste Bastrop Mustang Ridge Mountain City Wimberley Comfort Wyldwood Creedmoor Buda Woodcreek 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Manor Elgin The Hills Floresville Cuero Ha San Marcos Premium Outlets The Alamo Quarry Marketplace The Arboretum at Great Hills Barton Creek Square The Domain Hill Country Galleria Huebner Oaks Center Ingram Park Mall Lakeline Mall North Star Mall The Rim RiverCenter Rolling Oaks Mall Round Rock Premium Outlets The Shops at La Cantera Village at Stone Oak

OTHER RETAIL SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Rolling Oaks Mall San Antonio, TX 882,000 sf Dillard s, Macy s, JCPenney, Sears 27 miles / 34 minutes Barton Creek Square Austin, TX 1,430,000 sf Nordstrom, Dillard s, Macy s, JCPenney, Sears 32 miles / 40 minutes Hill Country Galleria Bee Cave, TX 524,000 sf Barnes & Noble, Dick s Sporting Goods, Dillard s 33 miles / 42 minutes North Star Mall San Antonio, TX 1,257,000 sf Dillard s, JCPenney, Macy s, Saks Fifth Avenue 37 miles / 48 minutes The Domain Austin, TX 1,233,000 sf Neiman Marcus, Macy s, Dillard s, Dick s Sporting Goods 46 miles / 49 minutes The Shops at La Cantera San Antonio, TX 1,311,000 sf Neiman Marcus, Nordstrom, Dillard s, Macy s 48 miles / 44 minutes OUTLET SHOPPING GROSS LEASABLE AREA DISTANCE / DRIVE-TIME Tanger Outlets - San Marcos San Marcos, TX Round Rock Premium Outlets Round Rock, TX 442,000 sf 1 mile / 3 minutes 489,000 sf 50 miles / 58 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).