LIGHTHOUSE PLACE PREMIUM OUTLETS®

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

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

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

LIGHTHOUSE PLACE PREMIUM OUTLETS®

MICHIGAN CITY, IN

MAJOR METROPOLITAN AREAS

South Bend: 50 milesChicago, IL: 60 milesGrand Rapids, MI: 120 miles

RETAIL

GLA (sq. ft.) 455,000; 120 stores

OPENING DATES

Opened 1987Expanded 1988, 1991, 1994, 1995, 1997

RADIUS POPULATION

15 mile population: 133,885 30 mile population: 573,776 45 mile population: 4,080,430

AVERAGE HH INCOME

30 mile average: $63,974

SELECT TENANTS

adidas, American Eagle Outfitters, Ann Taylor Factory Store, Banana Republic Factory Store, BCBGMAXAZRIA, Calvin Klein Company Store, Coach, DKNY Company Store, Eddie Bauer Outlet, Gap Factory Store, GUESS Factory Store, Gymboree Outlet, Hollister Co. Outlet, J.Crew Factory, Kenneth Cole Company Store, LOFT Outlet, Michael Kors Outlet, Movado Company Store, NikeFactoryStore, The North Face, Polo Ralph Lauren Factory Store, Puma, Tommy Hilfiger Company Store, Under Armour Factory House, Vera Bradley

TOURISM / MAJOR ATTRACTIONS

Local and nearby attractions include the Blue Chip Casino, Hotel & Spa; Lake Michigan beaches and marinas; the Indiana Dunes National Lakeshore; zoo and museums; orchards; antique shops; and more. Nearly seven million people reside within a 60-mile radius of the center. Over five million tourists visit the Michigan City area each year.

MARKET OVERVIEW

Lighthouse Place Premium Outlets is perfectly situated to capture the high volume of traffic flowing from Chicago en route to Lake Michigan resorts. The center is a popular destination for day trips from Chicago, Grand Rapids, and South Bend.

LOCATION / DIRECTIONS

Intersection of 6th & Wabash Streets, Michigan City, Indiana

— From Chicago: Take I-94 to Exit 34B

— From Michigan: Take I-94 to Exit 40B

— From South Bend: Take I-80/90 to Exit 39

294

90

94

65

9080

Illin

ois

Indi

ana

Chicago

94

Michigan Blvd.6th Street

Fran

klen

St.

Wab

ash

Michigan City

MichiganMichiganIndianaIndiana

421

LAKE MICHIGAN

94

9080

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35

20

421

L A K E M I C H I G A N

LIGHTHOUSE PLACE PREMIUM OUTLETSMICHIGAN CITY, IN

W. 8

th S

T.

WABASH ST.

LIGHTHOUSE PREMIUM OUTLETS

NORTH W. 6

th S

T.

W. 4th ST.

SITE AND PLAN

W.

8T

H S

TR

EET

WABASH STREET

Northlake

ong Grove Northbrook

Woodridge

Crete

Willow Springs

Irwin

Palos Park

Matteson

Elmhurst

merton

Oak Brook

University Park

urg

Bensenville

Papineau

Indian Creek

Mtit

ok

Merrionette Park

Phoenix

Golf

Hometown

Chebanse

e

Orland Park

Sun River Terrace

eights

Kenilworth

Knollwood

Highwood

Lemont

East Hazel Crest

St Anne

Harwood Heights

Clifton

Third Lake

Heights

HinsdaleIndian Head Park

Park Forest

ark

Orland HillsPosen

Forest View

Park City

rmont

North Riverside

Momence

Broadview

Rosemont

Norridge

er

Clarendon Hills

Sammons Point

sville

Peotone

Ford Heights

Elmwood Park

Burnham

Stickney

Aroma Park

ke Park

Limestone

Summit

River Grove

Lincolnwood

Hodgkins

Olympia Fields

Beecher

Glenwood

Evergreen Park

Willowbrook

Grant Park

Hopkins Park

Riverdale

Winnetka

Riverwoods

Burbank

Prospect Heights

Monee

ildeer

illa Park

ndenhurst

Winthrop Harbor

Wood Dale

Manteno

asca

Morton GroveWilmette

Mettawa

Heights

ng Meadows

Oak Forest

anhattan

s

Ellyn

Lansing

e

Beach Park

Bradley

Calumet City

North Chicago

Oak Lawn

Antioch

bertyville

Bourbonnais

Wadsworth

Elk Grove Village

Lockport

Gurnee

e

Kankakee

Frankfort

New Lenox

Lake Forest

lle

Chicago

Burket

Indian Village

Sidney

Macy

San Pierre

Mount Ayr

Monterey

Fulton

Claypool

Koontz Lake

Leesburg

Francesville

Nappanee

Michiana Shores

La Paz

Salt Creek Commons

Akron

Medaryville

Etna Green

La Crosse

Kewanna

MilleKingsbury Lakeville

Silver Lake

Mentone

New Chicago

SchneiderCulver

Kingsford Heights

Hamlet

Hanna

Bourbon

North Liberty

Star City

Rolling Prairie

ArgosNorth Judson

Morocco

Milford

Kouts

Laketon

Michigan City

South Haven

Aberdeen

Shelby

New Paris

Lakes of the Four SeasonsWanatah

Osceola

Winamac

Lake Dalecarlia

Ogden Dunes

Fish Lake

Hebron

Roselawn

Walkerton

New Carlisle

Syracuse

Wakarusa

Hudson Lake

Bremen

Westville

Whiting

Winona Lake

North Manchest

De Motte

Bristol

Middlebury

Rensselaer

Knox

Lake Village

Simonton Lake

Dunlap

Lowell

Rochester

Beverly Shores

Dyer

Porter

Plymouth

Chesterton

Cedar Lake

Bass Lake

St John

La Porte

Warsaw

Valparaiso

East Chicago

Goshen

Mishawaka

Crown Point

Elkhart

Granger

Hobart

Portage

Merrillville

South Bend

Gary

Galien

Shoreham

Marcellus

Niles

Breedsville

Baroda

Eau Claire

Coloma

Three Oaks

Vandalia

Berrien Springs

Gobles

Stevensville

Edwardsburg

Bloomingdale

Watervliet

New Troy

Hartford

Decatur

C

Lawrence

Bangor

Otsego

Cassopolis

Lawton

Buchanan

Paw Paw

Benton Heights

MattawaLake Michigan Beach

Fair Plain

Dowagiac

St Joseph

13

2

34

5

6

7

8

10

12

9

1114

9

34

613

712

10

5

2

1114

8

1

15 MILES

30 MILES

45 MILES

SURROUNDING AREA CENTERS

1 Lighthouse Place Premium Outlets®2 Clybourn Galleria3 Concord Mall4 Erskine Village5 Ford City Mall6 Heritage Square7 Lincoln Mall8 Marquette Mall9 The Orchards Mall10 River Oaks Center11 The Shops at North Bridge12 Southlake Mall13 University Park Mall14 Water Tower Place

Simon CentersCompetition

SURROUNDING AREA CENTERS

OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Marquette Mall Michigan City, IN 515,000 sf Carson’s, Sears 3 miles / 10 minutes

Village Shopping CenterGary, IN 450,000 sf JCPenney 24 miles / 35 minutes

Southlake Mall Merrillville, IN 1,121,000 sf Carson’s, JCPenney, Macy’s, Sears 30 miles / 45 minutes

The Orchards Mall Benton Harbor, MI 625,000 sf Carson’s, JCPenney 35 miles / 50 minutes

River Oaks Center Calumet City, IL 1,193,000 sf Macy’s, JCPenney 35 miles / 50 minutes

University Park Mall Mischawaka, IN 921,000 sf Macy’s, JCPenney, Sears 38 miles / 50 minutes

Concord Mall Elkhart, IN 600,000 sf Carson’s, JCPenney 45 miles / 1 hour

Chicago Ridge Mall Chicago Ridge, IL 854,000 sf Carson’s, Sears 47 miles / 1 hour

Orland Square Orland Park, IL 1,232,000 sf Carson’s, Macy’s, JCPenney, Sears 50 miles / 1 hour 10 minutes

OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Chicago Premium Outlets® Phase 2 Opening August 2015 Aurora, IL

437,000 sf 250,000 sf

Saks Fifth Avenue OFF 5TH 95 miles / 2 hours

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).