R E T A I L I N V E S T M E N T O P P O R T U N I T Y

A C O R E , T R O P H Y S H O P P I N G C E N T E R I N W O R L D F A M O U S L A G U N A B E A C H , C A

Holliday GP Corp. (“HFF”), California Department of Real Estate License #01385740

L A G U N A B E A C H

A L I S O C R E E KS H O P P I N G C E N T E R

HFF, as an exclusive advisor is pleased to present the opportunity to acquire Aliso Creek Shopping Center (the “Property”), a 49,149 SF core drug anchored / grocery shadow anchored community shopping center located on Pacific Coast Highway in Laguna Beach, California. The Property’s 100% occupancy offers potential investors the rare opportunity to acquire a trophy shopping center with strong in-place cash flow. Aliso Creek Shopping Center offers an internet resistant mix of uses including a drug store, entertainment, as well as food & beverage within a highly sought after coastal submarket.

THE OPPORTUNITY

2

PROPERTY OVERVIEW

ADDRESS:30814 - 30936 Pacific Coast Highway, Laguna Beach, CA 92651

RENTABLE BUILDING AREA: 49,149 SF

PERCENT LEASED: 100%

YEAR BUILT / RENOVATED: 1985

ACRES: 4.20

YEAR 1 NOI: $2,492,842

PARKING: 243 Spaces (4.0 : 1,000 SF)

2

TOP-TIER ANCHOR TENANTS WITH INTERNET-RESISTANT TENANT MIX

Aliso Creek Shopping Center is anchored by CVS Pharmacy and shadow-achored by Gelson’s (NAP). These two top-tier operators, provide an internet and recession resistant “daily needs” draw to the Property, complemented by strong performing shop tenants.

CVS PHARMACY RECENTLY EXECUTED A 20-YEAR LEASE EXTENSION

An original tenant of Aliso Creek Shopping Center, CVS Pharmacy, who recently executed a 20-year lease extension, solidifies over 46% of the rental income stream with a top-tier tenant and a strong credit rating of BAA2 via Moody’s.

EXCEPTIONAL TENANT SALES

The Property has strong tenant demand due to its exceptional tenant sales highlighted by CVS and several restaurants generating sales in excess of $1,000 PSF.

3

ATTRACTIVE IN-PLACE CASH FLOW

Aliso Creek Shopping Center is 100% leased with and has maintained occupancy of 94% or better over the last 10 years, offering potential investors a predictable and reliable income stream.

GENERATIONAL OPPORTUNITY TO OWN A CORE RETAIL ASSET

Aliso Creek Shopping Center has been owned by an institutional investor for over 20 years and has never been offered for sale during their ownership. With investment properties rarely trading in Laguna Beach, Aliso Creek Shopping Center presents a unique opportunity to acquire an irreplaceable core shopping center in one of the most desirable cities in the country.

NO RECENT COMPARABLE TRADES

In the last 10 years, there have only been 3 grocery related trades along the Pacific Coast Highway corridor in the Newport and Laguna Beach submarkets providing investors with an extremely rare opportunity.

$198,900 AVERAGE

HOUSEHOLD INCOME

$2,200,000 AVERAGE

HOUSING VALUE

6 MILLIONANNUAL VISITORS TO

LAGUNA BEACH

4

HIGHLY AFFLUENT TRADE AREA

Laguna Beach is one of the most affluent communities in Southern California with average household incomes exceeding $198,900 within a 1-mile radius of the Property and an average housing value of $2,200,000.

EXTREMELY HIGH BARRIERS TO ENTRY

A stringent approval process, high construction costs in the trade area, and virtually no sites available for future development creates extremely high barriers to entry, securing the Center’s long-term growth and success. The last neighborhood shopping center built in Laguna Beach was in 1983.

DIRECTLY ACROSS THE STREET FROM THE MONTAGE LAGUNA BEACH

Aliso Creek Shopping Center shares a signalized intersection and crosswalk with the Montage Laguna Beach, a 250-room, 5-star resort regularly regarded as the best in Southern California with room rates starting at ±$600 per night. The Montage’s surrounding coves and beaches are open to the public, and in conjunction to the nearby Aliso Beach Park, drive a significant amount of both local and tourist traffic to Aliso Creek Shopping Center.

5

HIGHLY VISIBLE LOCATION WITH EXCELLENT ACCESSIBILITY

Aliso Creek Shopping Center is located along one of the most prominent and well-traveled roads in the county, Pacific Coast Highway, one of two pathways providing access to Laguna Beach with traffic counts exceeding 36,000 vehicles day. The Property also has a rare signalized left turn off of Pacific Coast Highway, providing direct access to passing traffic.

STRONG TOURISM DRAW

Aliso Creek Shopping Center benefits from not only the local population, but also the 6 million tourists that visit Laguna Beach annually.

DELIVERED FREE AND CLEAR

The Property will be delivered free and clear of any existing financing allowing investors to take advantage of the low interest rate environment and optimize their leverage level.

LAGUNA BEACH RANKS

NUMBER ONEIN THE NATION FOR

ECONOMIC IMPACT OF THE ARTS PER CAPITA

ONE OF THE MOST INSTAGRAMMABLELOCATIONS IN THE U.S.

TOP DESTINATIONTO VISIT DURING THE

WINTER MONTHS

- VISITLAGUNABEACH.COM- PLAYPICKS, 2018

- USA TODAY, 2018

6

7

PACIFIC COAST HIGHWAY (36,000 VPD)

DESTINATION DISTANCE DRIVE TIME

JOHN WAYNE AIRPORT 16 mi. 25 min.

ANGEL STADIUM 25 mi. 40 min.

HONDA CENTER 26 mi. 40 min.

DISNEYLAND 28 mi. 40 min.

LONG BEACH AIRPORT 36 mi. 45 min.

LOS ANGELES 56 mi. 60 min.

SAN DIEGO 70 mi. 75 min.

D R I V E T I M E S

8

• 250 guestrooms, including 60 suites• 20,000 sq ft ocean front Spa Montage• Over 16,000 SF of event space• Condé Nast Traveler Readers’ Choice Award

“Top Hotels in Southern California” (2016)• Orange County Register Best of Orange

County “Best O.C. Resort” (2017)• AAA Five Diamond Award (2013-2018)

• The newest Laguna Beach private resort and luxury hotel

• 97 guest rooms and suites• 9-hole golf course• 50,000 SF of outdoor meeting space• 3,000 SF bungalow spa• 6,000 SF of indoor meeting space for

10-250 people• Member of National Geographic

Unique Lodges of the World

PACIFIC COAST HIGHWAY (36,000 VPD)

1-MILE 3-MILE 5-MILE

AVERAGE HOUSEHOLD INCOME $198,900 $179,093 $155,860

TOTAL POPULATION 2018 EST. 4,579 42,402 154,115

TOTAL POPULATION 2023 PROJ. 4,800 43,999 160,420

PROJECTED POPULATION GROWTH 4.83% 3.77% 4.09%

D E M O G R A P H I C S

9

S I T E P L A N

PACIFIC COAST HIGHWAY

STARFISH

La Sirena Grill

10

SUITE TENANT SF LEASE EXP.

30814 Michael C. Lin 1,125 Dec-23

30816 Aliso Beach Animal Clinic 1,125 Oct-20

30818 Yoga Works 2,854 May-21

30822 Z-Pizza 1,625 Aug-23

30824A United Studios Self Defense 975 Dec-19

30824B Lovely Nails 975 May-21

30832 Starfish Laguna 2,750 Jun-21

30836 Hand & Stone Spa 2,750 Dec-21

30842 CVS 23,455 Apr-39

30862 La Sirena Cafe 2,500 Sep-21

30872 O Fine Japanese Cuisine 1,783 Nov-29

30882 Pure Pilates 1,286 Sep-25

30886 Fantastic Sam's 1,133 May-21

30892 Sunny Fresh Cleaners 1,413 Aug-19

30912 Chase Bank 3,400 Feb-23

30922 Gelson's (NAP) 33,918 N/A

Total SF 49,149 SF

T E N A N T R O S T E R

*Total SF excludes Gelson’s

11

©2019 Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF. HFF has been engaged by the owner of the Property to market it for sale. Information concerning the Property described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other Property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.

INVESTMENT ADVISORS

GLEB LVOVICHManaging Director949.798.4115glvovich@hfflp.comCA Lic. #01496699

BRYAN LEYManaging Director310.407.2120bley@hfflp.comCA Lic. #01458927

DANIEL TYNERDirector949.798.4125dtyner@hfflp.comCA Lic. #01959818

REAL ESTATE ANALYST

MARK DEGIORGIOAssociate949.798.4138mdegiorgio@hfflp.comCA Lic. # 02026853

TANNER TREMAINEReal Estate Analyst949.798.4137ttremaine@hfflp.comCA Lic. #02060611

DEBT ADVISOR

BRIAN TORPSenior Director949.798.4118btorp@hfflp.comCA Lic. #01886645

ATLANTA

AUSTIN

BOSTON

CAROLINAS

CHICAGO

DALLAS

DENVER

HOUSTON

INDIANAPOLIS

LAS VEGAS

LOS ANGELES

MIAMI

NEW JERSEY

NEW YORK CITY

ORANGE COUNTY

ORLANDO

PHILADELPHIA

PHOENIX

PITTSBURGH

PORTLAND

SAN DIEGO

SAN FRANCISCO

SEATTLE

TAMPA

WASHINGTON, D.C.

LONDON