Epstein Secrets

• 5 00% Update on refinancings at Fresno (CMBS deal expected in -S350M range), Corte Madera and Eastland. Update on potential outlet development in Carson, CA (entered into negotiating agreement with city for -500ksf outlet mall) Update on department store health and potential for taking back more spa

stimates we based on SOL compiled data as of 10/14/16 2016 Pre 30 Guide Pod 30 Guide D6o Cons S4 06 S4 05 - S4 15 $4 10 S4 It Pts200 Ould• Post XI &Qs Be. 95 75% -3560 t 5 4% -64 50% • 5 00% Update on refinancings at Fresno (CMBS deal expected in -S350M range), Corte Madera and Eastland. Upda

• 5 00% Update on refinancings at Fresno (CMBS deal expected in -S350M range), Corte Madera and Eastland. Update on potential outlet development in Carson, CA (entered into negotiating agreement with city for -500ksf outlet mall) Update on department store health and potential for taking back more spa

stimates we based on SOL compiled data as of 10/14/16 2016 Pre 30 Guide Pod 30 Guide D6o Cons S4 06 S4 05 - S4 15 $4 10 S4 It Pts200 Ould• Post XI &Qs Be. 95 75% -3560 t 5 4% -64 50% • 5 00% Update on refinancings at Fresno (CMBS deal expected in -S350M range), Corte Madera and Eastland. Upda

• 5 00% Update on refinancings at Fresno (CMBS deal expected in -S350M range), Corte Madera and Eastland. Update on potential outlet development in Carson, CA (entered into negotiating agreement with city for -500ksf outlet mall) Update on department store health and potential for taking back more spa

stimates we based on SOL compiled data as of 10/14/16 2016 Pre 30 Guide Pod 30 Guide D6o Cons S4 06 S4 05 - S4 15 $4 10 S4 It Pts200 Ould• Post XI &Qs Be. 95 75% -3560 t 5 4% -64 50% • 5 00% Update on refinancings at Fresno (CMBS deal expected in -S350M range), Corte Madera and Eastland. Upda