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ILI7N-r les nrd just an Wane. les brut GATE COPY allitcLmNror Fly Cathay Pacific Airways to Hong Kong Cathay Pacific Airways offers service from North America (Los Angeles, San Francisco, New York, Vancouver and Toronto) to Hong Kong, with convenient connections to over 80 destinations worldwide on one o

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rd Largest Hotel |} 4th Largest Hotel The Largest Hotel 4752 Rooms } 4408 Rooms 4,008 Rooms _——a a Located atjacent to 4 of the 5 largest hotels in North America rectfrontage = T50' afb; a ~ TEs. a = HOUSE_OVERSIGHT_018746 --- PAGE BREAK --- Executive Summary The Offering , Cushman & Wakefield, Inc.,

own Square Las Vegas contains a world-class 902,000 square-foot regional lifestyle center anchored by Apple, AMC Cinemas, Whole Foods, H&M, Old Navy, Staples, Guitar Center and a recently opened Saks Off Fifth Avenue. Fashion Show Mall, a +1.9 million square-foot regional mall, is located at the northwest

ons Tactical (6 months) e¢ We have adopted a neutral allocation between defensive and cyclical sectors. e Among defensives, we still like Consumer Staples, while IT is a preferred cyclical sectors. We also like Energy. e We are cautious on Materials, where we expect margin pressure to continue, as well

out ratios in the US and Asia, while Europe has to consolidate balance sheets. Preference (6 months) Our market preferences for listed real estate* North America = Continental Europe | | = =i ues Japan| | OT =U HongKong — Sngpore | | tt (‘<‘é édT;S*é‘( C‘i‘Cédr:C*S Avswaia [| | |S = Old m New * This is our rel