THE ESPLANADE®

CONTENTS

Information accurate as of 5/1/15. Sources: SPG Research; trade area demographic information per Pitney Bowes MapInfo (2014).

The Simon Experience 1Property Overview 3Market Overview 4Trade Area 5Trade Area Map 6Location and Access 7Aerial View 8Site Plan 9Merchandising Mix at a Glance 10Simon Marketing 12Property Contacts 14

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:

SCALELargest global owner of retail real estate including Malls, Simon Premium Outlets® and The Mills®

QUALITY Iconic, irreplaceable properties in great locations

INVESTMENTActive 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.

THE SIMON EXPERIENCE — WHERE BRANDS & COMMUNITIES COME TOGETHER

PROPERTY OVERVIEW

The Esplanade®, located only 15 minutes from downtown New Orleans, is a premier shopping destination for the greater New Orleans community.

— Anchors include Macy’s, Dillard’s, and Target, plus The Grand 14 Esplanade, a 49,000-square-foot movie theatre with 14 screens and stadium seating.

— Offers shoppers an extraordinary collection of department stores, shops, and boutiques designed to meet their diverse needs.

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4

MARKET OVERVIEW

The Esplanade’s location on the west side of New Orleans is prime for locals and the nine million tourists who visit annually.

— Located in Kenner, Louisiana—a dense, upper-income suburb of 70,000 people.

— The mall is adjacent to the affluent area of Chateau Estates, Chateau Village Shopping Center, Fountain Square Shopping Center, and Kenner Plaza Shopping Center.

— Substantial daytime population of more than 224,000 people.

— Five miles from the New Orleans’ Louis Armstrong International Airport.

— Just over one mile to the Pontchartrain Center Convention Hall and Treasure Chest Casino on Lake Pontchartrain.

— Bloomberg ranked the New Orleans metro area as #2 on its list of top 12 American Boomtowns in 2013.

— Forbes reported the New Orleans metro area #1 between 2007-2012 in attracting new residents who are in the prime of their careers – age 35-49.

— Forbes also ranked New Orleans #1 on the list of “America’s Biggest Brain Magnets” for attracting new college educated residents under age 25 and third best for IT jobs after Silicon Valley and San Francisco.

— National Geographic Travelers listed New Orleans as one of the top 20 travel destinations in the world for 2014.

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TRADE AREA

20192014

373,219

154,890

$79,757

361,470

419,757

149,765

$72,894

Trade Area Population

Total Daytime Population

Trade Area Households

Average Annual HH Income

The Esplanade serves a dense trade area of over 300,000 people within close proximity to the mall.

— The trade area covers the New Orleans suburbs of Kenner and Metairie, between the Mississippi River and Lake Pontchartrain.

— It extends from Lake Pontchartrain to the north, the Mississippi River to the south, the unincorporated areas of Metairie and River Ridge to the east, and St. Charles Parish to the west.

— Projected 11% population growth over the next five years.

5

Ama

Avondale

Boutte

Bridge City

Destrehan

Elmwood

Gretna

Hahnville

H

Je�erson

Kenner

Killona

Laplace

Luling

Metairie

Montz

New Sarpy

Norco

River RidgeSt. Rose

Taft

Ter

Waggaman

Westwego

Simon CenterCompetition

N

2

5

3

6

1

0 1.5 3

miles

48

18

Lake Ponchartrain

7

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in C

swy.

Trade Area = 74.5% of customers

90

61

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90

10

10

31

TRADE AREA BOUNDARY

5 MI10 MI15 MI

CENTER INFORMATION TRADE AREA

1. The Esplanade Dillard's, Macy's, Target, The Grand 14 Esplanade2. Clearview Mall Sears, Target, Bed Bath & Beyond, AMC Theatres3. Elmwood Village Center4. Lakeside Shopping Center Dillard's, Macy’s, JCPenney, Dick’s Sporting Goods5. Oakwood Center Dillard's, JCPenney, Sears, Dick’s Sporting Goods6. The Outlet Collection at Riverwalk Neiman Marcus Last Call7. The Shops at Canal Place Saks Fifth Avenue

TRADE AREA

LOCATION & ACCESS

The Esplanade property is irreplaceable real estate located just off I-10 at the Williams Boulevard intersection via a new direct access ramp.

— The mall sits along West Esplanade Avenue, the heavily traveled east-west corridor through Kenner.

— Ample surface-level parking surrounds the property on all sides for easy access.

— Generous skylights and wide corridors create a relaxing and beautiful shopping experience.

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THE ESPLANADE

N

Dillard’s

W. ESPLANADE AVE

Macy’s

32nd ST.

I-10

Target

SR 49 / WILLIAMS BLVD.

Anchor

The Grand 14 Esplanade

Goodyear(June 2015)

AERIAL VIEW

DUNCAN CANAL

38,606.39 SQ. FT. ORPARCEL 5-D0.886 ACRES

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EXPANSION AREA

FUTUREPARKING

4-SCREENFUTURE EXPANSION

4-SCREENFUTURE EXPANSION

Ow

ned

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vels

W. E

spla

nade

Ave

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32

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3

NEW MONUMENT SIGN

TRASH

MACY’S

SHOPS

DILLARD’S

N

TARGET

SHOPS SHOPS

SHOPS

SHOPS

SHOPS

THE GRAND14 ESPLANADE

GOODYEAR(JUNE 2015)

SITE PLAN

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MERCHANDISING MIX AT A GLANCE

Champs Sports

Claire’s

Foot Locker

Justice

Love Culture

rue21

Traffic Shoes

Café Du Monde

The Children’s Place

Express Men

Journeys / Journeys Kidz

Lids

Perfumania

Torrid

Bath & Body Works

Chick-fil-A

Encore

Jimmy Jazz

LensCrafters

Old Navy

Things Remembered

Zales Jewelers

American Eagle Outfitters

Charlotte Russe

Earthbound Trading Company

Gymboree

Kay Jewelers

New York & Company

Smoothie King

Victoria’s Secret

Specialty Retailers, Restaurants, and Entertainment

The Grand 14 EsplanadeTargetMacy’sDillard’s

Major Retailers

Our unique retail mix is integral to the Simon experience. The Esplanade is yet another example of our diverse portfolio with an enviable directory of the world’s top retailers.

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MERCHANDISING MIX AT A GLANCE

SIMON MARKETING

Fashion. Discovery. Community. These are the pillars of our brand and the guiding principles for everything we do at Simon.

Every effort in our marketing program is designed to make the Simon brand experience exciting, relevant and cool in order to reinforce our position as the pre-eminent shopping center destination and build long-term brand loyalty with Millennials and Fashionistas.

ADVERTISING

Featuring high fashion photography and styling, Simon’s advertising campaign builds awareness and elevates perceptions among fashion-forward consumers and influencers. Advertising placements include market leading national and regional fashion/lifestyle magazines, out of home in over seventy markets, geo-targeted digital advertising and local radio.

BRAND COLLABORATIONS

Simon collaborates with highly respected fashion partners to launch fully integrated print, digital and live event programs around key shopping seasons including Spring, Back to School, Fall and Holiday. Partners include Vogue, Glamour, GQ, Teen Vogue, Harper’s Bazaar and Refinery 29.

DIGITAL ENGAGEMENT

Simon’s new website and mobile website launched in May 2014 with a vibrant, dynamic new look and improved functionality. Our must-have apps also give shoppers the real-time information they need to maximize their shopping visits. — 595,700,002 Website page views — 120,818,183 Google+ local impressions — 1,317,729 YouTube views — 4.685,723 Facebook likes — 350,117 Twitter followers — 87,345 Instagram followers

SIMON INNOVATION GROUP

From reinventing the classic loyalty program to bringing the ubiquitous mall directory to life, Simon has collaborated with game-changing partners to innovate the shopping experience and further support our retailers. Initiatives include: Simon Rewards, BagFree Shopping, Interactive Directories and Bluetooth Beacons.

DEDICATED RETAILER SUPPORT

Our dedicated team of Retailer Marketing Specialists provide turnkey support for new store openings, relocations, retailer events, seasonal campaigns, and integration into Simon’s Marketing Programs. Multi-channel marketing efforts are custom designed to build brand awareness and drive store traffic for each retailer initiative. To learn more, visit: http://business.simon.com/retailer-marketing.

SIMON MARKETING

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PROPERTY CONTACTS

Leasing:Grace Vranac(817) 685-3023 grace.vranac@simon.com

Specialty Leasing:Tracey Guillory(504) 617-4027 tguillory@simon.com

Big Box & Theatre Development:Kevin Compton(317) 263-7018 kcompton@simon.com

Peripheral Development/Land:Trent Garrett(317) 263-7104 tgarrett@simon.com