HOUSTON 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).

HOUSTON PREMIUM OUTLETS®

CYPRESS, TX

MAJOR METROPOLITAN AREAS

Houston: 30 miles Austin: 130 miles San Antonio: 200 miles New Orleans, LA: 375 miles

RETAIL

GLA (sq. ft.) 542,000; 145 stores

OPENING DATE

Opened March 2008Expanded 2010

PARKING RATIO

5.22:1

RADIUS POPULATION

15 mile population: 844,330 30 mile population: 3,806,290 45 mile population: 5,600,888

AVERAGE HH INCOME

30 mile average: $85,763

SELECT TENANTS

Saks Fifth Avenue OFF 5TH, Ann Taylor Factory Store, Armani Outlet, Banana Republic Factory Store, Burberry, Calvin Klein Company Store, Coach, Cole Haan Outlet, David Yurman, DKNY Company Store, Elie Tahari Outlet, Elizabeth Arden, Escada, Forever 21, kate spade new york, Kenneth Cole Company Store, LACOSTE Outlet, Michael Kors Outlet, NikeFactoryStore, Robert Graham, St. John, TAG Heuer, Talbots, Theory, Tory Burch, True Religion

TOURISM / TRAFFIC

Houston, also known as the Bayou City or Space City, is the fourth largest U.S. city and the largest city in Texas. The metro area’s population is over 4.8 million, ranking it tenth among U.S. MSAs. It is also home to 18 Fortune 500 companies and is the U.S. energy capital. Houston’s three airports form the sixth largest system in the world and serve over 44.8 million passengers annually. Leisure activities include all major sporting teams, a Museum District with over 16 major institutions and a Theater District second only to Broadway. Houston’s Texas Medical Center is the largest in the world, with over 4.8 million patient visits annually.

LOCATION / DIRECTIONS

US 290 at Fairfield Place Road, Cypress, Texas.

— US 290W to Fairfield Place Drive

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HOUSTON PREMIUM OUTLETS CYPRESS, TX

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Navasota

Alvin

Tomball

Old River-Winfree

Shoreacres

Woodloch

Southside Place

Hilshire Village

Orchard

Hillcrest

Bayou Vista

Cinco Ranch

Anderson

Fayetteville

Cleveland

Goodrich

El Lago

JamaicaBeach

Clear Lake Shores

Fifth Street

Big Thicket Lake Es

Holiday LakesDanbury

Meadows Place

Round Top

Beasley

Dayton Lakes

Waller

Glidden

Iola

Industry

Kendleton

Bedias

Panorama Village

Oa

Stagecoach

Liverpool

Cove

Burton

Tiki Island

Oak Ridge North

Damon

Pearland

Bunker Hill Village

Wallis

Roman Forest

Bonney

Oakhurst

Carmine

Pleak

Mission Bend

Needville

Indian Spri

Morgan's Point

Wixon Valley

Jacinto City

Hungerford

Shenandoah

Cedar Point

Coldspring

North Cleveland

Iago

West University Place

Arcola

Patton Village

Snook

Simonton

League City

Brookside Village

Fairchilds

Todd Mission

ABrazos Country

Crosby

Katy

New Waverly

Weimar

H

Sheldon

Four Corners

Cut and Shoot

Weston Lakes

Greatwood

Bellville

Eagle Lake

Magnolia

Columbus

Somerville

Cumings

South Houston

Splendora

Rosharon

Porter Heights

Pattison

Ames

Cloverleaf

Jersey Village

Willis

Cape Royale

Brookshire

East Bernard

Plum Grove

Caldwell

Millican

Baytown

Houston

Friendswood

Kurten

Beach City

New Territory

Boling

Galena Park

San Leon

Montgomery

Hempstead

Shepherd

Highlands

Barrett

Prairie View

The Woodlands

Iowa Colony

Wharton

Aldine

Pinehurst

Fulshear

Thompsons

El Campo

Livingston

San Felipe

Pecan Grove

Pine Island

Humble

Lake Bryan

Dickinson

Deer Park

Sealy

Brenham

Sienna Plantation

La Marque

Seabrook

Mont Belvieu

Santa Fe

Channelview

La Porte

Dayton

Rosenberg

Spring

Manvel

Atascocita

Texas CityMissouri City

West LivingstonHuntsville

Liberty

Bryan

Pasadena

Boliv

College Station

Conroe

HitchcockGalveston

8

5

2

3

4

6

79

10

1112

14

15

17

20

16

18

19

13

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2

1215

187

5

1117

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3

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15 MILES

30 MILES

45 MILES

SURROUNDING AREA CENTERS

1 Houston Premium Outlets®2 Almeda Mall3 Deerbrook Mall4 First Colony Mall5 The Galleria6 Greenspoint Mall7 Highland Village Shopping Center8 Katy Mills9 La Centerra at Cinco Ranch10 Market Street at The Woodlands11 Memorial City Mall12 Northwest Mall13 Outlets at Conroe14 Pearland Town Center15 River Oaks Shopping Center16 Tanger Outlets―

Galveston/Houston17 Town & Country Village18 The Village Arcade19 West Oaks Mall20 Willowbrook Mall21 The Woodlands Mall

Simon CentersCompetition

SURROUNDING AREA CENTERS

OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Willowbrook Mall Houston, TX 1,511,000 sf Dillard’s, JCPenney, Macy’s 15 miles / 22 minutes

Memorial City MallHouston, TX 1,700,000 sf Dillard’s, JCPenney, Macy’s, Target 25 miles / 30 minutes

The Galleria®Houston, TX 1,902,000 sf Neiman Marcus, Nordstrom,

Saks Fifth Avenue, Macy’s 27 miles / 40 minutes

First Colony Mall Houston, TX 1,005,000 sf Dillard’s, Macy’s, JCPenney 37 miles / 40 minutes

The Woodlands Mall Houston, TX 1,166,000 sf Dillard’s, JCPenney, Macy’s 43 miles / 45 minutes

Pearland Town Center Houston, TX 718,000 sf Barnes & Noble, Dillard’s, Macy’s,

Sports Authority 45 miles / 50 minutes

OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Katy Mills® Katy, TX 1,747,000 sf Neiman Marcus Last Call,

Saks Fifth Avenue OFF 5TH 17 miles / 20 minutes

Outlets at Conroe Conroe, TX 280,000 sf 57 miles / 1 hour

Tanger Outlets - Galveston/Houston Texas City, TXPhase 2 ExpansionOpening in 2016

353,000 sf50,000 sf 75 miles / 1 hour 18 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).