TANGER OUTLETS - GALVESTON/HOUSTON

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).

MAJOR METROPOLITAN AREAS

Galveston: 20 milesHouston: 30 miles

RETAIL

GLA (sq. ft.) 353,000Expansion GLA (sq. ft.) 50,000

OPENING DATES

Opened 2012Expansion Opening 2016

RADIUS POPULATION

15 mile population: 514,776 30 mile population: 2,091,726 45 mile population: 4,598,362

AVERAGE HH INCOME

30 mile average: $76,123

SELECT TENANTS

Ann Taylor Factory Store, Banana Republic Factory Store, Calvin Klein Company Store, Coach, Michael Kors Outlet, Polo Ralph Lauren Factory Store, Tommy Hilfiger Company Store

TOURISM / TRAFFIC

Houston is the fourth largest U.S. city and the largest city in Texas. The metro area’s population is over six million, ranking it fifth among U.S. MSAs. More than 100,000 vehicles travel daily on I-45 past the site. Galveston sits only 20 miles south of the site and offers 32 miles of beaches, restaurants and top resort hotels. It attracts over five million visitors each year and is a popular getaway destination for Houstonians.

MAJOR ATTRACTIONS

Resort area at Galveston, NASA’s Johnson Space Center

LOCATION / DIRECTIONS

— From Houston: South on I-45 to Exit 17, Holland Road

— From Galveston: North on I-45 to Exit 17, Holland Road

TANGER OUTLETS–GALVESTON/HOUSTONJOINT VENTURE WITH TANGER OUTLETS

TEXAS CITY, TX

Galveston

Pasadena

Texas City

Missouri CitySugar Land

Baytown

45

45

10610

1090

59

Houston

TANGER OUTLETS– GALVESTON/HOUSTON TEXAS CITY, TX

I-45 / GULF FWY.

OUTLETS BLVD.

NORTH

LAGO MAR BLVD.

SITE AND PLAN

ExpansionExisting

Alvin

Tomball

Old River-Winfree

ShoreacresSta�ord

Southside Place

Hilshire Village

chard

Hillcrest

Bayou Vista

Cinco Ranch

El Lago

Jamaica Beach

Clear Lake Shores

Fifth Street

Holiday LakesDanbury

Meadows Place

Beasley

Dayton Lakes

Waller

on

Oak Island

Stagecoach

Liverpool

Taylo

Cove

NomeChina

Tiki IslandDamon

Pearland

Bunker Hill Village

Daisetta

Bonney

Kene�ck

Pleak

Mission Bend

Needville

Morgan's Point

Jacinto City

Devers

Kemah

Iago

Sweeny

Quintana

West University Place

Arcola

on

League City

Sour Lake

Brookside Village

Hull

Fairchilds

Anahuac

Oyster Creek

Crosby

Katy

Hardin

Sheldon

Surfside Beach

West Columbia

Brazoria

Four Corners

Bacli�

Weston Lakes

Jones Creek

Greatwood

Cumings

South Houston

Rosharon

oteegts

Richwood

tison

Ames

Cloverleaf

Jersey Village

ookshire

Winnie

Baytown

Houston

Richmond

Friendswood

Beach City

Boling

Galena Park

San Leon

Clute

Highlands

Barrett

Van Vleck

Prairie View

Iowa Colony

Bailey's Prairie

Aldine

Fulshear

Thompsons

Pecan Grove

Bay City

Fresno

Humble

Fannett

Wild Peach Village

Texas City

Stowell

Deer Park

Angleton

Sienna Plantation

La Marque

Seabrook

Mont Belvieu

Freeport

Santa Fe

Channelview

La Porte

Dayton

Rosenberg

Spring

Manvel

Atascocita

Texas CityMissouri City

Liberty

Pasadena

Bolivar Peninsula

Be

Hitchcock

Galveston

7

2

3

4

5

6

8

9

10

1112

13

14

15

17

16

18

11 17

5

15 MILES

30 MILES

45 MILES

8

20

6

4

3

12

2

15

19

1614

918 13

1

10

7

SURROUNDING AREA CENTERS

1 Tanger Outlets - Galveston/Houston2 Almeda Mall3 Baybrook Mall4 Brazos Mall5 Deerbrook Mall6 First Colony Mall7 The Galleria8 Greenspoint Mall9 Highland Village Shopping Center10 Houston Premium Outlets11 Katy Mills12 Mall of the Mainland13 Memorial City Mall14 Northwest Mall15 Pearland Town Center16 River Oaks Shopping Center17 San Jacinto Mall18 Town & Country Village19 The Village Arcade20 West Oaks Mall

Simon CentersCompetition

SURROUNDING AREA CENTERS

OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Baybrook MallFriendswood, TX 1,240,000 sf Macy’s, Dillard’s, JCPenney,

Sears, Coach, The Apple Store 10 miles / 14 minutes

Pearland Town CenterPearland, TX 718,000 sf Macy’s, Coach 29 miles / 39 minutes

The Galleria®Houston, TX 1,902,000 sf Neiman Marcus, Saks Fifth Avenue,

Nordstrom, Macy’s 38 miles / 45 minutes

OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Gulfway PlazaLa Marque, TX 177,000 sf 5 miles / 8 minutes

Houston Premium Outlets®Cypress, TX 542,000 sf Saks Fifth Avenue OFF 5TH 60 miles / 1 hour 8 minutes

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

Saks Fifth Avenue OFF 5TH 60 miles / 1 hour 8 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).