EX-99.2 3 brx8k10272014ex992.htm EX 99.2
Exhibit 99.2

| SUPPLEMENTAL DISCLOSURE
|  | Three Months Ended September 30, 2014 |  |  |  |  |  |

TABLE OF CONTENTS |  |
|  |  |  | Page |
|  | Glossary of Terms | 1 |
|  | Results Overview | 3 |
|  | Financial Summary |  |
|  |  | Consolidated Balance Sheets | 5 |
|  |  | Consolidated Statements of Operations | 6 |
|  |  | Consolidated Statements of Cash Flows | 7 |
|  |  | Reconciliation of Net Income (Loss) to EBITDA | 8 |
|  |  | Reconciliation of Net Income (Loss) to FFO | 9 |
|  |  | Supplemental Balance Sheet Detail | 10 |
|  |  | NOI Detail, Supplemental Statement of Operations Detail, Operating Ratios & Additional Disclosures | 11 |
|  |  | Same Property NOI Analysis & Reconciliation of Net Income (Loss) Attributable to Common Stockholders | 12 |
|  |  | Capital Expenditures | 13 |
|  |  | Capitalization, Liquidity & Debt Ratios | 14 |
|  |  | Debt Overview | 15 |
|  |  | Summary of Outstanding Debt | 16 |
|  |  | Unsecured Credit Facility Covenant Disclosure | 18 |
|  |  | Reconciliation of GAAP Balance Sheet to Pro Forma Balance Sheet | 19 |
|  |  | Reconciliation of GAAP Statements of Operations to Pro Forma Statements of Operations | 20 |
|  | Transaction Summary |  |
|  |  | Acquisitions | 22 |
|  |  | Dispositions | 23 |
|  | IPO Portfolio Summary |  |
|  |  | Portfolio Overview | 25 |
|  |  | Top Forty Retailers Ranked by ABR | 26 |
|  |  | New & Renewal Lease Summary | 27 |
|  |  | New Lease Net Effective Rent | 28 |
|  |  | Anchor Space Repositioning Summary | 29 |
|  |  | Lease Expiration Schedule | 30 |
|  |  | Redevelopment Summary | 31 |
|  |  | Properties by Largest US MSAs | 32 |
|  |  | Largest MSAs by ABR | 34 |
|  |  | Properties by State | 37 |
|  |  | Property List | 38 |
|  | Guidance |  |
|  |  | Guidance & Additional Disclosures | 50 |
| This presentation includes financial information for the Company’s actual results and the IPO portfolio on a pro forma basis giving effect to the Company’s initial public offering completed on November 4, 2013.
| Note: Financial information is unaudited. |  |
| For additional information visit: www.brixmor.com. |  |
| This Supplemental Disclosure may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to the Company’s expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this document and in the Company’s filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

GLOSSARY OF TERMS |
| Term | Definition |
| Acquired Properties | Includes 43 properties contributed to the portfolio by certain investment funds affiliated with The Blackstone Group L.P. in connection with the IPO |
|  | completed on November 4, 2013. The Acquired Properties were acquired in exchange for units in the Operating Partnership ("OP Units"). |
| Anchor Spaces | Means space equal to or more than 10,000 sq. ft. of GLA. |
| Anchor Space Repositioning | Anchor leasing that is primarily focused on reconfiguring or remerchandising existing space with minimal work required outside of normal tenant |
|  | improvement costs. |
| Annualized Base Rent or "ABR" | As of a specified date means monthly base rent as of such date, under leases which have been signed or commenced as of the specified date multiplied |
|  | by 12. Annualized base rent (i) excludes tenant reimbursements or expenses borne by the tenants, such as the expenses for real estate taxes and |
|  | insurance and common area and other operating expenses, (ii) does not reflect amounts due per percentage rent lease terms, (iii) is calculated on a cash |
|  | basis and differs from how rent is calculated in accordance with GAAP for purposes of financial statements and (iv) does not include any ancillary |
|  | income at a property. |
| ABR per sq. ft. or "ABR/SF" | Is calculated as ABR divided by leased GLA, excluding ground leases. |
| Billed GLA | Includes leases for spaces where the tenant is currently paying rent. |
| Blended Lease Spreads | Means combined spreads for new and renewal leases (including exercised options) on comparable leases. |
| Capitalization Rate ("Cap Rate") | Net operating income divided by purchase price. |
| Community Shopping Center | Means a shopping center that meets the International Council of Shopping Centers’ (“ICSC”) definition of community center. ICSC generally defines a |
|  | community center as a shopping center with general merchandise or convenience-oriented merchandise. Although similar to a neighborhood center (as |
|  | defined below), a community shopping center offers a wider range of apparel and other soft goods than a neighborhood center. |
|  | Community centers range from 125,000 to 400,000 sq. ft. in GLA and are usually configured in a straight line as a strip and are commonly anchored by |
|  | discount stores, supermarkets, drugstores and large specialty discount stores. |
| Comparable Leases | Include only those spaces that were occupied within the prior 12 months. |
| EBITDA & Adjusted EBITDA | Is calculated as the sum of net income (loss) in accordance with generally accepted accounting principles in the United States of America (“GAAP”) |
|  | before interest expense, income taxes, depreciation and amortization. Adjusted EBITDA represents EBITDA as adjusted for (i) acquisition related costs, |
|  | (ii) gain (loss) on disposition of operating properties, (iii) impairment of real estate assets and real estate equity investments, (iv) gain (loss) on disposition of
|  | unconsolidated joint ventures, (v) gain (loss) on extinguishment of debt, and (vi) after adjustments attributable to non-controlling interests not convertible |
|  | into common stock. |
|  | EBITDA and Adjusted EBITDA are supplemental, non-GAAP measures utilized in various financial ratios and are helpful to securities analysts, investors and |
|  | other interested parties in the evaluation of REITs, as a measure of Brixmor’s operational performance because EBITDA and Adjusted EBITDA exclude |
|  | various items that do not relate to or are not indicative of its operating performance. In addition, it includes the results of operations of real estate |
|  | properties that have been sold or classified as real estate held for sale at the end of the reporting period. Accordingly, the use of EBITDA and Adjusted |
|  | EBITDA in various ratios provides a meaningful performance measure as it relates to its ability to meet various coverage tests for the stated period. |
|  | EBITDA and Adjusted EBITDA should not be considered as alternatives to net income (determined in accordance with GAAP) as indicators of financial |
|  | performance and are not alternatives to cash flow from operating activities (determined in accordance with GAAP) as a measure of liquidity. |
|  | Non-GAAP financial measures have limitations as they do not include all items of income and expense that affect operations, and accordingly, should |
|  | always be considered as supplemental to financial results presented in accordance with GAAP. Computation of EBITDA and Adjusted EBITDA may differ |
|  | in certain respects from the methodology utilized by other REITs and, therefore, may not be comparable to such other REITs. Investors are cautioned that |
|  | items excluded from EBITDA and Adjusted EBITDA are significant components in understanding and addressing financial performance. |
| Excluded Properties | Includes 47 properties either distributed to certain investment funds affiliated with the Blackstone Group L.P. in connection with the IPO completed on |
|  | November 4, 2013 or sold. |
| Financial Liabilities | Represents certain fixed obligations including capital leases. |
| Funds From Operations (“FFO") | Is a supplemental non-GAAP financial measure utilized to evaluate the operating performance of real estate companies. The National Association of Real |
|  | Estate Investment Trusts (“NAREIT”) defines FFO as net income (loss) in accordance with GAAP excluding (i) gain (loss) on disposition of operating properties,
|  | and (ii) extraordinary items, plus (iii) depreciation and amortization of operating properties, (iv) impairment of operating properties and real estate equity |
|  | investments, and (v) after adjustments for joint ventures calculated to reflect funds from operations on the same basis. FFO attributable to stockholders and |
|  | non-controlling interests convertible into common stock is FFO as further adjusted to exclude net income (loss) attributable to non-controlling interests not |
|  | convertible into common stock. The Company believes FFO attributable to stockholders and non-controlling interests convertible into common stock is a |
|  | meaningful supplemental measure that is more reflective of its operating performance by excluding FFO attributable to non-controlling interests not |
|  | convertible into common stock. |
|  | The Company presents FFO and FFO attributable to stockholders and non-controlling interests convertible into common stock as it considers them |
|  | important supplemental measures of its operating performance and the Company believes they are frequently used by securities analysts, investors and |
|  | other interested parties in the evaluation of REITs. FFO and FFO attributable to stockholders and non-controlling interests convertible into common stock |
|  | should not be considered as alternatives to net income (determined in accordance with GAAP) as indicators of financial performance and are not |
|  | alternatives to cash flow from operating activities (determined in accordance with GAAP) as measures of liquidity. Non-GAAP financial measures have |
|  | limitations as they do not include all items of income and expense that affect operations and, accordingly, should always be considered as supplemental |
|  | to financial results presented in accordance with GAAP. Computation of FFO and FFO attributable to stockholders and non-controlling interests |
|  | convertible into common stock may differ in certain respects from the methodology utilized by other REITs and, therefore, may not be comparable to |
|  | similarly titled measures presented by such other REITs. Investors are cautioned that items excluded from FFO and FFO attributable to stockholders and |
|  | non-controlling interests convertible into common stock are significant components in understanding and addressing financial performance. |
| Gross Leasable Area or "GLA" | Represents the total amount of property square footage that can generate income by being leased to tenants. |
| Ground Lease | A long-term lease of land in which the tenant erects improvements at its own expense. At the end of the lease term, the improvements become the |
|  | property of the landowner. |
| IPO Portfolio | Includes all properties owned as of the completion of the IPO on November 4, 2013. This portfolio includes the Acquired Properties and excludes the |
|  | Excluded Properties. |
| Leased GLA | Includes the aggregate GLA of all leases in effect on a given date, including those that are fully executed but as to which the tenant has not yet opened |
|  | for business and/or not yet commenced the payment of rent. |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 1 |

| LIBOR | Means London Interbank Offered Rate. |
| Metropolitan Statistical Area or "MSA" | Is defined by the United States Office of Management and Budget (“OMB”) as a region associated with at least one urbanized area that has a population |
|  | of at least 50,000 and comprises the central county or counties containing the core, plus adjacent outlying counties having a high degree of social and |
|  | economic integration with the central county or counties as measured through commuting. |
| Neighborhood Shopping Center | Means a shopping center that meets ICSC’s definition of neighborhood center. ICSC generally defines a neighborhood center as a shopping center with |
|  | offerings that are convenience-oriented. Neighborhood centers range from 30,000 to 125,000 sq. ft. in GLA and are generally anchored by a supermarket. |
| Net Effective Rent | Adjusts for any tenant incentive / allowance, landlord work, third party leasing commissions and rent concessions at 100% of costs, weighted by GLA over |
|  | the lease term. |
| Net Operating Income or "NOI" | Is calculated as total property revenues (minimum rent, percentage rents, and recoveries from tenants and other income) less direct property operating |
|  | expenses (operating and maintenance and real estate taxes) from the properties owned by Brixmor. NOI excludes corporate level income (including |
|  | management, transaction, and other fees). |
|  | NOI is a supplemental, non-GAAP measure utilized to evaluate the operating performance of real estate companies and is frequently used by securities |
|  | analysts, investors and other interested parties in understanding business and operating results regarding the underlying economics of Brixmor's business |
|  | operations. NOI is not intended to be a performance measure that should be regarded as an alternative to, or more meaningful than, net income |
|  | (determined in accordance with GAAP) or other GAAP financial measures. Non-GAAP financial measures have limitations as they do not include all items |
|  | of income and expense that affect operations, and accordingly, should always be considered as supplemental to financial results presented in |
|  | accordance with GAAP. Computation of NOI may differ in certain respects from the methodology utilized by other REITs and, therefore, may not be |
|  | comparable to such other REITs. |
| NOI Yield | Is calculated as projected NOI over incremental cost of a given anchor space repositioning / redevelopment project. |
| Non-controlling Interests | The non-controlling interests relate to portions of consolidated subsidiaries held by the non-controlling interest holders. The Company's material |
|  | subsidiaries include a corporation, BPG Subsidiary Inc. (“BPG Sub”), and Brixmor Operating Partnership LP ("OP"). As of September 30, 2014, the Company |
|  | owns 83.04% of BPG Sub and is entitled to receive 83.04% of all net income and gains before depreciation. The remaining 16.96% is held by Blackstone |
|  | Retail Transaction II Holdco L.P., an affiliate of BREP VI, (“Holdco II”) and management of the Company. As of September 30, 2014, BPG Sub owns 97.04% |
|  | of the OP. The remaining 2.96% is held by certain investment funds affiliated with the Blackstone Group L.P. and management of the Company. As of |
|  | September 30, 2014, the Company owns 80.58% of BPG Sub and the OP on a combined basis. |
| Non-owned Major Tenant | Also called shadow anchor. Includes tenants that are situated on parcels which are owned by unrelated third parties, but, due to their location within or |
|  | immediately adjacent to shopping center, to the consumer appear as another retail tenant of the shopping center and, as a result, attract additional |
|  | customer traffic to the center. |
| Percent Leased | Refers to the percentage of GLA that is leased, includes lease agreements that have been signed but not yet commenced. |
| Pro Forma | Reflects the impact of the following transactions associated with the IPO including (i) the contribution of the Acquired Properties (ii) the distribution of the |
|  | Excluded Properties (iii) the acquisition of the interest not already held in Arapahoe Crossings L.P. (iv) borrowings under the Unsecured Credit Facility, |
|  | including the use thereof and (v) the net proceeds from the IPO, including the use thereof. The pro forma adjustments associated with these transactions |
|  | assume that each transaction was completed as of December 31, 2013 for the purposes of the unaudited pro forma consolidated balance sheet and as |
|  | of January 1, 2014 and January 1, 2013, respectively, for the purposes of the unaudited pro forma consolidated statement of operations. |
| PSF | Means per square foot ("sq. ft.") of GLA. |
| Redevelopment Properties | Larger scale projects that typically involve substantial demolition of a portion of the shopping center to accommodate new retailers. These projects |
|  | typically are accompanied with new construction and site infrastructure costs. |
| Renewal Leases | Includes expiring leases renewed with the same tenant or the exercise of options by tenants to extend the term of expiring leases. All other leases are |
|  | categorized as new. |
| Rent Growth | Is calculated as ABR in the final year of the lease compared to ABR in the first year of the new lease. New lease spreads include only those spaces that |
|  | were occupied within the prior 12 months. Renewal and option lease spreads include leases rolling over with the same tenant in the same location. Data |
|  | includes all leases in effect, including those that are fully executed, but not yet open. |
| Same Property Net Operating Income | Is calculated (using properties owned as of the end of both reporting periods and for the entirety of both periods excluding properties classified as |
| or Same Property NOI | discontinued operations), as rental income (minimum rent, percentage rents, tenant recoveries and other property income) less rental operating expenses |
|  | (property operating expenses, real estate taxes and bad debt expense) of the properties owned by Brixmor. Same property NOI excludes corporate level |
|  | income (including transaction and other fees), lease termination income, straight-line rent and amortization of above- and below-market leases of the |
|  | same property pool from the prior year reporting period to the current year reporting period. |
|  | Same property NOI is a supplemental, non-GAAP financial measure utilized to evaluate the operating performance of real estate companies and the |
|  | Company believes it is frequently used by securities analysts, investors and other interested parties in understanding business and operating results |
|  | regarding the underlying economics of Brixmor's business operations. It includes only the net operating income of properties owned for the full period |
|  | presented, which eliminates disparities in net income due to the acquisition or disposition of properties during the period presented, and therefore, |
|  | provides a more consistent metric for comparing the performance of properties. Management uses same property NOI to review operating results for |
|  | comparative purposes with respect to previous periods or forecasts, and also to evaluate future prospects. Same property NOI is not intended to be a |
|  | performance measure that should be regarded as an alternative to, or more meaningful than, net income (determined in accordance with GAAP) or |
|  | other GAAP financial measures. Non-GAAP financial measures have limitations as they do not include all items of income and expense that affect |
|  | operations, and accordingly, should always be considered as supplemental to financial results presented in accordance with GAAP. Computation of |
|  | same property NOI may differ in certain respects from the methodology utilized by other REITs and, therefore, may not be comparable to such other REITs. |
| Small Shop Spaces | Means space of less than 10,000 sq. ft. of GLA. |
| Straight-line Rent | GAAP requirement to average the tenant's rent payments over the life of the lease, regardless of actual cash collected in the period. |
| Year Built | Year of most recent anchor space repositioning / redevelopment or year built if no redevelopment has occurred. |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 2 |

RESULTS OVERVIEW |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unaudited, dollars in thousands except per share and per square foot amounts |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Pro Forma |  |  | Actual Results |
|  |  |  |  | Three Months Ended |  | Nine Months Ended |  |  | Three Months |  | Nine Months |
| Summary Financial Results |  | 9/30/14 |  | 9/30/13 |  | 9/30/14 |  | 9/30/13 |  |  | Ended 9/30/14 |  | Ended 9/30/14 |
|  | Total revenues (page 6) |  | $ | 306,592 |  |  | $ | 305,561 |  |  | $ | 922,365 |  |  | $ | 902,087 |  |  |  | $ | 306,592 |  |  | $ | 922,365 |  |
|  | Net income (loss) attributable to common stockholders (page 6) |  | 27,030 |  |  | 8,611 |  |  | 65,954 |  |  | 14,102 |  |  |  | 27,030 |  |  | 65,904 |  |
|  | Net income (loss) attributable to common stockholders - per diluted share (page 6) | 0.11 |  |  | 0.04 |  |  | 0.28 |  |  | 0.06 |  |  |  | 0.11 |  |  | 0.28 |  |
|  | Adjusted EBITDA (page 8) |  | 210,870 |  |  | 205,279 |  |  | 623,856 |  |  | 603,187 |  |  |  | 210,870 |  |  | 623,860 |  |
|  | FFO (page 9) |  | 144,515 |  |  | 130,613 |  |  | 417,909 |  |  | 380,554 |  |  |  | 144,515 |  |  | 423,141 |  |
|  | FFO attributable to stockholders and non-controlling interests convertible into |  | 144,193 |  |  | 130,266 |  |  | 416,943 |  |  | 379,536 |  |  |  | 144,193 |  |  | 416,941 |  |
|  |  | common stock (page 9) |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | FFO per share/OP Unit - diluted (page 9) |  | 0.47 |  |  | 0.43 |  |  | 1.37 |  |  | 1.25 |  |  |  | 0.47 |  |  | 1.37 |  |
|  | Dividends declared per share/OP Unit (page 9) |  | 0.20 |  |  | — |  |  | 0.60 |  |  | — |  |  |  | 0.20 |  |  | 0.60 |  |
|  | Share/OP Unit dividend payout ratio (as % of FFO) (page 9) |  | 42.2 | % |  | — |  |  | 43.8 | % |  | — |  |  |  | 42.2 | % |  | 43.8 | % |
|  | NOI (page 11) |  | 230,048 |  |  | 226,768 |  |  | 683,815 |  |  | 666,561 |  |  |  | 230,048 |  |  | 683,815 |  |
|  |  |  |  | Three Months Ended |  |  |  |  |  |  |  |
| Summary Operating and Financial Ratios |  | 9/30/14 |  | 6/30/14 |  | 3/31/14 |  |  |  |  |  |  |  |
|  | NOI margin (page 11) |  | 75.2 | % |  | 74.4 | % |  | 73.2 | % |  |  |  |  |  |  |  |
|  | Same property NOI (page 12) (1) |  | 3.9 | % |  | 3.8 | % |  | 3.8 | % |  |  |  |  |  |  |  |
|  | Fixed charge coverage (page 14) |  | 2.9x |  |  | 2.8x |  |  | 2.7x |  |  |  |  |  |  |  |  |
|  | Net principal debt to adjusted EBITDA (GAAP) (page 14) |  | 6.9x |  |  | 7.0x |  |  | 7.2x |  |  |  |  |  |  |  |  |
|  | Net principal debt to adjusted EBITDA (cash) (page 14) |  | 7.5x |  |  | 7.6x |  |  | 7.8x |  |  |  |  |  |  |  |  |
| Outstanding Classes of Stock and Partnership Units |  | At 9/30/14 |  | At 6/30/14 |  | At 3/31/14 |  |  |  |  |  |  |  |
|  | Common shares outstanding (page 14) |  | 245,086 |  |  | 245,086 |  |  | 229,680 |  |  |  |  |  |  |  |  |
|  | Exchangeable BPG Sub shares held by non-controlling interests (page 14) |  | 50,182 |  |  | 50,182 |  |  | 58,663 |  |  |  |  |  |  |  |  |
|  | Exchangeable OP Units held by non-controlling interests (page 14) |  | 8,953 |  |  | 8,953 |  |  | 15,878 |  |  |  |  |  |  |  |  |
|  | Total |  | 304,221 |  |  | 304,221 |  |  | 304,221 |  |  |  |  |  |  |  |  |
| Summary IPO Portfolio Statistics |  | At 9/30/14 |  | At 6/30/14 |  | At 3/31/14 |  | At 12/31/13 |  |  |  |  |  |
|  | Number of properties (page 25) |  | 522 |  |  | 522 |  |  | 522 |  |  | 522 |  |  |  |  |  |  |
|  | GLA (page 25) |  | 86,769,179 |  |  | 86,764,493 |  |  | 86,718,016 |  |  | 86,806,352 |  |  |  |  |  |  |
|  | Percent leased (page 25) |  | 92.7 | % |  | 92.5 | % |  | 92.3 | % |  | 92.4 | % |  |  |  |  |  |
|  | Percent billed (page 25) |  | 90.8 | % |  | 90.5 | % |  | 90.5 | % |  | 90.7 | % |  |  |  |  |  |
|  | ABR / SF (page 25) |  | $ | 12.10 |  |  | $ | 12.04 |  |  | $ | 12.01 |  |  | $ | 11.93 |  |  |  |  |  |  |
|  | Total rent spread (page 27) |  | 13.9 | % |  | 11.2 | % |  | 11.3 | % |  | 11.0 | % |  |  |  |  |  |
|  | New lease rent spread (page 27) |  | 32.5 | % |  | 27.3 | % |  | 21.0 | % |  | 24.8 | % |  |  |  |  |  |
|  | Renewal lease rent spread (page 27) |  | 9.5 | % |  | 8.2 | % |  | 9.5 | % |  | 8.5 | % |  |  |  |  |  |
(1) Excludes Acquired Properties and Excluded Properties. Includes joint venture, Montecito Marketplace, at pro rata share. |  |  |  |  |  |  |  |  |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 3 |

| FINANCIAL SUMMARY
|  | Supplemental Disclosure Three Months Ended September 30, 2014 |

CONSOLIDATED BALANCE SHEETS |  |  |  |  |  |
Unaudited, dollars in thousands, except share information |  |  |  |  |  |
|  |  |  |  | Actual Results |  | Pro Forma |
|  |  |  |  | 9/30/14 |  | 12/31/13 |  | 12/31/13 |
| Assets |  |  |  |  |  |
|  | Real estate |  |  |  |  |  |
|  |  | Land | $ | 1,998,837 |  |  | $ | 2,055,802 |  |  | $ | 1,989,160 |  |
|  |  | Buildings and improvements | 8,751,020 |  |  | 8,781,926 |  |  | 8,654,899 |  |
|  |  |  |  | 10,749,857 |  |  | 10,837,728 |  |  | 10,644,059 |  |
|  |  | Accumulated depreciation and amortization | (1,452,732 | ) |  | (1,190,170 | ) |  | (1,160,478 | ) |
|  | Real estate, net | 9,297,125 |  |  | 9,647,558 |  |  | 9,483,581 |  |
|  | Investments in and advances to unconsolidated joint ventures | 5,216 |  |  | 9,205 |  |  | 5,171 |  |
|  | Cash and cash equivalents | 92,758 |  |  | 113,915 |  |  | 95,332 |  |
|  | Restricted cash | 56,240 |  |  | 75,457 |  |  | 74,847 |  |
|  | Marketable securities | 21,225 |  |  | 22,104 |  |  | 22,104 |  |
|  | Receivables, net | 170,615 |  |  | 178,505 |  |  | 175,584 |  |
|  | Deferred charges and prepaid expenses, net | 118,933 |  |  | 105,522 |  |  | 103,237 |  |
|  | Other assets | 13,298 |  |  | 19,650 |  |  | 14,043 |  |
| Total assets | $ | 9,775,410 |  |  | $ | 10,171,916 |  |  | $ | 9,973,899 |  |
| Liabilities |  |  |  |  |  |
|  | Debt obligations, net | $ | 5,933,358 |  |  | $ | 5,981,289 |  |  | $ | 5,965,307 |  |
|  | Financing liabilities, net | 121,470 |  |  | 175,111 |  |  | 175,111 |  |
|  | Accounts payable, accrued expenses and other liabilities | 677,701 |  |  | 709,529 |  |  | 701,495 |  |
| Total liabilities | 6,732,529 |  |  | 6,865,929 |  |  | 6,841,913 |  |
| Redeemable non-controlling interests | 21,467 |  |  | 21,467 |  |  | 21,467 |  |
| Commitments and contingencies | — |  |  | — |  |  | — |  |
| Equity |  |  |  |  |  |
|  | Common stock, $0.01 par value; authorized 3,000,000,000 shares; |  |  |  |  |  |
|  |  | 245,095,327 and 229,689,960 shares outstanding | 2,451 |  |  | 2,297 |  |  | 2,297 |  |
|  | Additional paid in capital | 2,710,839 |  |  | 2,543,690 |  |  | 2,543,690 |  |
|  | Accumulated other comprehensive loss | (3,866 | ) |  | (6,812 | ) |  | (6,812 | ) |
|  | Distributions and accumulated losses | (275,043 | ) |  | (196,707 | ) |  | (196,707 | ) |
| Total stockholders' equity | 2,434,381 |  |  | 2,342,468 |  |  | 2,342,468 |  |
|  | Non-controlling interests | 587,033 |  |  | 942,052 |  |  | 768,051 |  |
| Total equity | 3,021,414 |  |  | 3,284,520 |  |  | 3,110,519 |  |
| Total liabilities and equity | $ | 9,775,410 |  |  | $ | 10,171,916 |  |  | $ | 9,973,899 |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 5 |

CONSOLIDATED STATEMENTS OF OPERATIONS |  |  |  |  |  |  |
Unaudited, dollars in thousands, except per share amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | Pro Forma |  |  | Actual Results |
|  |  |  |  | Three Months Ended |  | Nine Months Ended |  |  | Three Months Ended |  | Nine Months Ended |
|  |  |  |  | 9/30/14 |  | 9/30/13 |  | 9/30/14 |  | 9/30/13 |  |  | 9/30/14 |  | 9/30/13 |  | 9/30/14 |  | 9/30/13 |
| Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Rental income | $ | 240,904 |  |  | $ | 238,446 |  |  | $ | 718,240 |  |  | $ | 702,170 |  |  |  | $ | 240,904 |  |  | $ | 223,225 |  |  | $ | 718,240 |  |  | $ | 654,079 |  |
|  | Expense reimbursements | 63,518 |  |  | 64,803 |  |  | 197,835 |  |  | 191,772 |  |  |  | 63,518 |  |  | 60,619 |  |  | 197,835 |  |  | 179,534 |  |
|  | Other revenues | 2,170 |  |  | 2,312 |  |  | 6,290 |  |  | 8,145 |  |  |  | 2,170 |  |  | 2,246 |  |  | 6,290 |  |  | 8,006 |  |
| Total revenues | 306,592 |  |  | 305,561 |  |  | 922,365 |  |  | 902,087 |  |  |  | 306,592 |  |  | 286,090 |  |  | 922,365 |  |  | 841,619 |  |
| Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Operating costs | 28,805 |  |  | 30,675 |  |  | 95,595 |  |  | 92,774 |  |  |  | 28,805 |  |  | 28,036 |  |  | 95,595 |  |  | 85,542 |  |
|  | Real estate taxes | 44,369 |  |  | 44,057 |  |  | 132,650 |  |  | 131,491 |  |  |  | 44,369 |  |  | 42,015 |  |  | 132,650 |  |  | 124,711 |  |
|  | Depreciation and amortization | 111,150 |  |  | 119,328 |  |  | 334,084 |  |  | 362,283 |  |  |  | 111,150 |  |  | 108,479 |  |  | 334,084 |  |  | 328,878 |  |
|  | Provision for doubtful accounts | 2,771 |  |  | 3,113 |  |  | 8,636 |  |  | 8,273 |  |  |  | 2,771 |  |  | 3,071 |  |  | 8,636 |  |  | 7,956 |  |
|  | Impairment of real estate assets | — |  |  | — |  |  | — |  |  | 1,531 |  |  |  | — |  |  | — |  |  | — |  |  | 1,531 |  |
|  | General and administrative | 19,624 |  |  | 22,013 |  |  | 59,221 |  |  | 64,343 |  |  |  | 19,624 |  |  | 23,605 |  |  | 59,221 |  |  | 65,386 |  |
| Total operating expenses | 206,719 |  |  | 219,186 |  |  | 630,186 |  |  | 660,695 |  |  |  | 206,719 |  |  | 205,206 |  |  | 630,186 |  |  | 614,004 |  |
| Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Dividends and interest | 169 |  |  | 210 |  |  | 436 |  |  | 636 |  |  |  | 169 |  |  | 206 |  |  | 436 |  |  | 626 |  |
|  | Interest expense | (65,545 | ) |  | (74,022 | ) |  | (199,464 | ) |  | (218,960 | ) |  |  | (65,545 | ) |  | (84,601 | ) |  | (199,464 | ) |  | (270,845 | ) |
|  | Gain (loss) on sale of real estate assets and acquisition of joint venture interest | — |  |  | 359 |  |  | 378 |  |  | 920 |  |  |  | — |  |  | 1,502 |  |  | 378 |  |  | 2,223 |  |
|  | Gain (loss) on extinguishment of debt, net | 460 |  |  | 247 |  |  | (2,573 | ) |  | 729 |  |  |  | 460 |  |  | (18,265 | ) |  | (2,573 | ) |  | (17,783 | ) |
|  | Other | (1,205 | ) |  | (1,531 | ) |  | (5,335 | ) |  | (5,539 | ) |  |  | (1,205 | ) |  | (3,429 | ) |  | (5,335 | ) |  | (8,098 | ) |
| Total other income (expense) | (66,121 | ) |  | (74,737 | ) |  | (206,558 | ) |  | (222,214 | ) |  |  | (66,121 | ) |  | (104,587 | ) |  | (206,558 | ) |  | (293,877 | ) |
| Income (loss) before equity in income of unconsolidated joint ventures | 33,752 |  |  | 11,638 |  |  | 85,621 |  |  | 19,178 |  |  |  | 33,752 |  |  | (23,703 | ) |  | 85,621 |  |  | (66,262 | ) |
| Equity in income of unconsolidated joint ventures | 112 |  |  | 114 |  |  | 316 |  |  | 518 |  |  |  | 112 |  |  | 247 |  |  | 248 |  |  | 1,001 |  |
| Gain on disposition of investments in unconsolidated joint ventures | — |  |  | — |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  | 1,820 |  |  | — |  |
| Income (loss) from continuing operations | 33,864 |  |  | 11,752 |  |  | 85,937 |  |  | 19,696 |  |  |  | 33,864 |  |  | (23,456 | ) |  | 87,689 |  |  | (65,261 | ) |
| Discontinued operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Income (loss) from discontinued operations | — |  |  | — |  |  | — |  |  | — |  |  |  | — |  |  | 184 |  |  | 4,787 |  |  | (892 | ) |
|  | Gain on disposition of operating properties | — |  |  | — |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  | 14,426 |  |  | 2,631 |  |
|  | Impairment of real estate held for sale | — |  |  | — |  |  | — |  |  | — |  |  |  | — |  |  | (1,283 | ) |  | — |  |  | (43,323 | ) |
| Income (loss) from discontinued operations | — |  |  | — |  |  | — |  |  | — |  |  |  | — |  |  | (1,099 | ) |  | 19,213 |  |  | (41,584 | ) |
| Net income (loss) | 33,864 |  |  | 11,752 |  |  | 85,937 |  |  | 19,696 |  |  |  | 33,864 |  |  | (24,555 | ) |  | 106,902 |  |  | (106,845 | ) |
| Non-controlling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net (income) loss attributable to non-controlling interests | (6,834 | ) |  | (3,141 | ) |  | (19,983 | ) |  | (5,594 | ) |  |  | (6,834 | ) |  | 5,716 |  |  | (40,998 | ) |  | 25,248 |  |
| Net income (loss) attributable to common stockholders | $ | 27,030 |  |  | $ | 8,611 |  |  | $ | 65,954 |  |  | $ | 14,102 |  |  |  | $ | 27,030 |  |  | $ | (18,839 | ) |  | $ | 65,904 |  |  | $ | (81,597 | ) |
| Per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Income (loss) from continuing operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Basic | $ | 0.11 |  |  | $ | 0.04 |  |  | $ | 0.28 |  |  | $ | 0.06 |  |  |  | $ | 0.11 |  |  | $ | (0.10 | ) |  | $ | 0.28 |  |  | $ | (0.28 | ) |
|  |  | Diluted | $ | 0.11 |  |  | $ | 0.04 |  |  | $ | 0.28 |  |  | $ | 0.06 |  |  |  | $ | 0.11 |  |  | $ | (0.10 | ) |  | $ | 0.28 |  |  | $ | (0.28 | ) |
|  | Net income (loss) attributable to common stockholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Basic | $ | 0.11 |  |  | $ | 0.04 |  |  | $ | 0.28 |  |  | $ | 0.06 |  |  |  | $ | 0.11 |  |  | $ | (0.10 | ) |  | $ | 0.28 |  |  | $ | (0.45 | ) |
|  |  | Diluted | $ | 0.11 |  |  | $ | 0.04 |  |  | $ | 0.28 |  |  | $ | 0.06 |  |  |  | $ | 0.11 |  |  | $ | (0.10 | ) |  | $ | 0.28 |  |  | $ | (0.45 | ) |
|  | Weighted average number of vested common shares: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Basic | 244,078 |  |  | 228,113 |  |  | 233,781 |  |  | 228,113 |  |  |  | 244,078 |  |  | 180,675 |  |  | 233,781 |  |  | 180,675 |  |
|  |  | Diluted | 244,835 |  |  | 230,194 |  |  | 234,920 |  |  | 230,194 |  |  |  | 244,835 |  |  | 180,675 |  |  | 234,920 |  |  | 180,675 |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 6 |

CONSOLIDATED STATEMENTS OF CASH FLOWS |  |  |
Unaudited, dollars in thousands |  |  |  |
|  |  |  |  | Actual Results |
|  |  |  |  | Nine Months Ended |
|  |  |  |  | 9/30/14 |  | 9/30/13 |
| Operating activities: |  |  |  |
| Net income (loss) | $ | 106,902 |  |  | $ | (106,845 | ) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |  |  |  |
|  | Depreciation and amortization | 334,515 |  |  | 338,379 |  |
|  | Debt premium and discount amortization | (15,524 | ) |  | (16,619 | ) |
|  | Deferred financing cost amortization | 6,708 |  |  | 8,703 |  |
|  | Above- and below-market lease intangible amortization | (35,090 | ) |  | (39,051 | ) |
|  | Provisions of impairment | — |  |  | 44,854 |  |
|  | Gain on disposition of operating properties, disposition of investments in unconsolidated joint ventures and acquisition of joint venture interest | (16,624 | ) |  | (4,854 | ) |
|  | Equity based compensation | 7,019 |  |  | 3,661 |  |
|  | Other |  | (214 | ) |  | (1,002 | ) |
|  | (Gain) loss on extinguishment of debt, net | (4,245 | ) |  | 17,788 |  |
| Changes in operating assets and liabilities: |  |  |  |
|  | Restricted cash | 11,007 |  |  | 5,244 |  |
|  | Receivables | 6,513 |  |  | (21,495 | ) |
|  | Deferred charges and prepaid expenses | (29,787 | ) |  | (25,288 | ) |
|  | Other assets | 357 |  |  | (1,820 | ) |
|  | Accounts payable, accrued expenses and other liabilities | 753 |  |  | 12,988 |  |
| Net cash provided by operating activities | 372,290 |  |  | 214,643 |  |
| Investing activities: |  |  |  |
|  | Improvements to and investments in real estate assets | (146,499 | ) |  | (104,627 | ) |
|  | Acquisitions of real estate assets | — |  |  | (23,792 | ) |
|  | Proceeds from sales of real estate assets | 2,778 |  |  | 44,866 |  |
|  | Distributions from unconsolidated joint ventures | 187 |  |  | 455 |  |
|  | Contributions to unconsolidated joint ventures | — |  |  | (3 | ) |
|  | Change in restricted cash attributable to investing activities | 7,321 |  |  | 4,238 |  |
|  | Purchase of marketable securities | (20,250 | ) |  | (10,662 | ) |
|  | Proceeds from sale of marketable securities | 21,414 |  |  | 12,609 |  |
| Net cash used in investing activities | (135,049 | ) |  | (76,916 | ) |
| Financing activities: |  |  |  |
|  | Repayment of debt obligations and financing liabilities | (827,460 | ) |  | (2,479,830 | ) |
|  | Proceeds from debt obligations | — |  |  | 57,000 |  |
|  | Repayment of borrowings under unsecured revolving credit facility | (675,047 | ) |  | — |  |
|  | Proceeds from borrowings under unsecured credit facility | 826,343 |  |  | 2,379,108 |  |
|  | Proceeds from unsecured term loan | 600,000 |  |  | — |  |
|  | Deferred financing costs | (2,995 | ) |  | (21,223 | ) |
|  | Distributions to common stockholders | (124,128 | ) |  | (28,368 | ) |
|  | Distributions to non-controlling interests and other | (55,111 | ) |  | (10,136 | ) |
| Net cash used in financing activities | (258,398 | ) |  | (103,449 | ) |
| Change in cash and cash equivalents | (21,157 | ) |  | 34,278 |  |
| Cash and cash equivalents at beginning of period | 113,915 |  |  | 103,098 |  |
| Cash and cash equivalents at end of period | $ | 92,758 |  |  | $ | 137,376 |  |
| Supplemental non-cash investing and/or financing activities: |  |  |  |
|  | Net carrying value of properties distributed to non-controlling owners | $ | 178,969 |  |  | $ | — |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 7 |

RECONCILIATION OF NET INCOME (LOSS) TO EBITDA |  |  |  |  |
Unaudited, dollars in thousands |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Pro Forma |  |  | Actual Results |
|  |  |  |  | Three Months Ended |  | Nine Months Ended |  |  | Three Months Ended |  | Nine Months Ended |
|  |  |  |  | 9/30/14 |  | 9/30/13 |  | 9/30/14 |  | 9/30/13 |  |  | 9/30/14 |  | 9/30/13 |  | 9/30/14 |  | 9/30/13 |
| Net income (loss) | $ | 33,864 |  |  | $ | 11,752 |  |  | $ | 85,937 |  |  | $ | 19,696 |  |  |  | $ | 33,864 |  |  | $ | (24,555 | ) |  | $ | 106,902 |  |  | $ | (106,845 | ) |
|  | Interest expense - continuing operations | 65,545 |  |  | 74,022 |  |  | 199,464 |  |  | 218,960 |  |  |  | 65,545 |  |  | 84,601 |  |  | 199,464 |  |  | 270,845 |  |
|  | Interest expense - discontinued operations | — |  |  | — |  |  | — |  |  | — |  |  |  | — |  |  | 1,663 |  |  | 259 |  |  | 6,160 |  |
|  | Interest expense - unconsolidated joint ventures | 44 |  |  | 45 |  |  | 128 |  |  | 134 |  |  |  | 44 |  |  | 139 |  |  | 130 |  |  | 589 |  |
|  | Federal and state taxes | 1,026 |  |  | 1,053 |  |  | 2,950 |  |  | 3,167 |  |  |  | 1,026 |  |  | 955 |  |  | 2,950 |  |  | 2,850 |  |
|  | Depreciation and amortization - continuing operations | 111,150 |  |  | 119,328 |  |  | 334,084 |  |  | 362,283 |  |  |  | 111,150 |  |  | 108,479 |  |  | 334,084 |  |  | 328,878 |  |
|  | Depreciation and amortization - discontinued operations | — |  |  | — |  |  | — |  |  | — |  |  |  | — |  |  | 2,483 |  |  | 431 |  |  | 9,467 |  |
|  | Depreciation and amortization - unconsolidated joint ventures | 23 |  |  | 32 |  |  | 64 |  |  | 83 |  |  |  | 23 |  |  | 7 |  |  | 146 |  |  | 167 |  |
| EBITDA | 211,652 |  |  | 206,232 |  |  | 622,627 |  |  | 604,323 |  |  |  | 211,652 |  |  | 173,772 |  |  | 644,366 |  |  | 512,111 |  |
|  | Straight-line rent | (4,857 | ) |  | (5,908 | ) |  | (14,625 | ) |  | (14,660 | ) |  |  | (4,857 | ) |  | (5,109 | ) |  | (14,570 | ) |  | (11,885 | ) |
|  | Above- and below-market rent amortization | (11,909 | ) |  | (14,496 | ) |  | (35,079 | ) |  | (39,393 | ) |  |  | (11,909 | ) |  | (14,392 | ) |  | (35,090 | ) |  | (39,051 | ) |
|  | Total adjustments | (16,766 | ) |  | (20,404 | ) |  | (49,704 | ) |  | (54,053 | ) |  |  | (16,766 | ) |  | (19,501 | ) |  | (49,660 | ) |  | (50,936 | ) |
| Cash EBITDA | $ | 194,886 |  |  | $ | 185,828 |  |  | $ | 572,923 |  |  | $ | 550,270 |  |  |  | $ | 194,886 |  |  | $ | 154,271 |  |  | $ | 594,706 |  |  | $ | 461,175 |  |
| EBITDA | $ | 211,652 |  |  | $ | 206,232 |  |  | $ | 622,627 |  |  | $ | 604,323 |  |  |  | $ | 211,652 |  |  | $ | 173,772 |  |  | $ | 644,366 |  |  | $ | 512,111 |  |
|  | Gain on disposition of operating properties | — |  |  | — |  |  | (378 | ) |  | — |  |  |  | — |  |  | — |  |  | (14,804 | ) |  | (2,631 | ) |
|  | Gain from development/land sales and acquisition of joint venture interests | — |  |  | (359 | ) |  | — |  |  | (920 | ) |  |  | — |  |  | (1,502 | ) |  | — |  |  | (2,223 | ) |
|  | Gain on disposition of unconsolidated joint ventures | — |  |  | — |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  | (1,820 | ) |  | — |  |
|  | Loss (gain) on extinguishment of debt, net | (460 | ) |  | (247 | ) |  | 2,573 |  |  | (729 | ) |  |  | (460 | ) |  | 18,265 |  |  | (3,501 | ) |  | 18,509 |  |
|  | Impairment of operating properties and land sales | — |  |  | — |  |  | — |  |  | 1,531 |  |  |  | — |  |  | — |  |  | — |  |  | 1,531 |  |
|  | Impairment of real estate held for sale | — |  |  | — |  |  | — |  |  | — |  |  |  | — |  |  | 1,283 |  |  | — |  |  | 43,323 |  |
|  | Adjustments to non-controlling interests not convertible into common stock | (322 | ) |  | (347 | ) |  | (966 | ) |  | (1,018 | ) |  |  | (322 | ) |  | (347 | ) |  | (381 | ) |  | (1,018 | ) |
|  | Total adjustments | (782 | ) |  | (953 | ) |  | 1,229 |  |  | (1,136 | ) |  |  | (782 | ) |  | 17,699 |  |  | (20,506 | ) |  | 57,491 |  |
| Adjusted EBITDA | 210,870 |  |  | 205,279 |  |  | 623,856 |  |  | 603,187 |  |  |  | 210,870 |  |  | 191,471 |  |  | 623,860 |  |  | 569,602 |  |
|  | Straight-line rent | (4,857 | ) |  | (5,908 | ) |  | (14,625 | ) |  | (14,660 | ) |  |  | (4,857 | ) |  | (5,109 | ) |  | (14,570 | ) |  | (11,885 | ) |
|  | Above- and below-market rent amortization | (11,909 | ) |  | (14,496 | ) |  | (35,079 | ) |  | (39,393 | ) |  |  | (11,909 | ) |  | (14,392 | ) |  | (35,090 | ) |  | (39,051 | ) |
|  | Adjustments to non-controlling interests not convertible into common stock | — |  |  | — |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  | (46 | ) |  | — |  |
|  | Total adjustments | (16,766 | ) |  | (20,404 | ) |  | (49,704 | ) |  | (54,053 | ) |  |  | (16,766 | ) |  | (19,501 | ) |  | (49,706 | ) |  | (50,936 | ) |
| Cash adjusted EBITDA | $ | 194,104 |  |  | $ | 184,875 |  |  | $ | 574,152 |  |  | $ | 549,134 |  |  |  | $ | 194,104 |  |  | $ | 171,970 |  |  | $ | 574,154 |  |  | $ | 518,666 |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 8 |

RECONCILIATION OF NET INCOME (LOSS) TO FFO |  |  |  |  |
Unaudited, dollars in thousands, except per share amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Pro Forma |  |  | Actual Results |
|  |  |  |  | Three Months Ended |  | Nine Months Ended |  |  | Three Months Ended |  | Nine Months Ended |
|  |  |  |  | 9/30/14 |  | 9/30/13 |  | 9/30/14 |  | 9/30/13 |  |  | 9/30/14 |  | 9/30/13 |  | 9/30/14 |  | 9/30/13 |
| Net income (loss) | $ | 33,864 |  |  | $ | 11,752 |  |  | $ | 85,937 |  |  | $ | 19,696 |  |  |  | $ | 33,864 |  |  | $ | (24,555 | ) |  | $ | 106,902 |  |  | $ | (106,845 | ) |
|  | Gain on disposition of operating properties | — |  |  | — |  |  | (378 | ) |  | — |  |  |  | — |  |  | — |  |  | (14,804 | ) |  | (2,631 | ) |
|  | Gain on disposition of unconsolidated joint ventures | — |  |  | — |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  | (1,820 | ) |  | — |  |
|  | Depreciation and amortization- real estate related- continuing operations | 110,628 |  |  | 118,829 |  |  | 332,286 |  |  | 360,775 |  |  |  | 110,628 |  |  | 107,980 |  |  | 332,286 |  |  | 327,370 |  |
|  | Depreciation and amortization- real estate related- discontinued operations | — |  |  | — |  |  | — |  |  | — |  |  |  | — |  |  | 2,483 |  |  | 431 |  |  | 9,467 |  |
|  | Depreciation and amortization- real estate related- unconsolidated joint ventures | 23 |  |  | 32 |  |  | 64 |  |  | 83 |  |  |  | 23 |  |  | 7 |  |  | 146 |  |  | 167 |  |
|  | Impairment of operating properties | — |  |  | — |  |  | — |  |  | — |  |  |  | — |  |  | 1,283 |  |  | — |  |  | 41,783 |  |
| FFO |  |  | 144,515 |  |  | 130,613 |  |  | 417,909 |  |  | 380,554 |  |  |  | 144,515 |  |  | 87,198 |  |  | 423,141 |  |  | 269,311 |  |
|  | Adjustments attributable to non-controlling interests not convertible into common stock | (322 | ) |  | (347 | ) |  | (966 | ) |  | (1,018 | ) |  |  | (322 | ) |  | (347 | ) |  | (6,200 | ) |  | (1,018 | ) |
| FFO attributable to stockholders and non-controlling interests convertible into common stock | $ | 144,193 |  |  | $ | 130,266 |  |  | $ | 416,943 |  |  | $ | 379,536 |  |  |  | $ | 144,193 |  |  | $ | 86,851 |  |  | $ | 416,941 |  |  | $ | 268,293 |  |
| FFO per share/OP Unit - diluted | $ | 0.47 |  |  | $ | 0.43 |  |  | $ | 1.37 |  |  | $ | 1.25 |  |  |  | $ | 0.47 |  |  | $ | 0.36 |  |  | $ | 1.37 |  |  | $ | 1.11 |  |
| Weighted average shares/OP Units outstanding - basic and diluted (1) | 304,318 |  |  | 304,231 |  |  | 304,272 |  |  | 304,231 |  |  |  | 304,318 |  |  | 240,905 |  |  | 304,272 |  |  | 240,905 |  |
| Items that impact FFO comparability |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Gain (loss) on extinguishment of debt, net | $ | 460 |  |  | $ | 247 |  |  | $ | (2,573 | ) |  | $ | 729 |  |  |  | $ | 460 |  |  | $ | (18,265 | ) |  | $ | 3,501 |  |  | $ | (18,509 | ) |
|  | Gain (loss) on extinguishment of debt per share | $ | — |  |  | $ | — |  |  | $ | (0.01 | ) |  | $ | — |  |  |  | $ | — |  |  | $ | (0.08 | ) |  | $ | 0.01 |  |  | $ | (0.08 | ) |
| Dividends declared per share/OP Unit | $ | 0.20 |  |  |  |  | $ | 0.60 |  |  |  |  |  | $ | 0.20 |  |  |  |  | $ | 0.60 |  |  |  |
| Shares/OP Unit dividends declared | $ | 60,846 |  |  |  |  | $ | 182,538 |  |  |  |  |  | $ | 60,846 |  |  |  |  | $ | 182,538 |  |  |  |
| Share/OP Unit dividend payout ratio (as % of FFO) | 42.2 | % |  |  |  | 43.8 | % |  |  |  |  | 42.2 | % |  |  |  | 43.8 | % |  |  |
(1) Basic and diluted shares/OP Units outstanding reflects an assumed conversion of certain BPG Sub shares and OP Units to common stock of the Company and the vesting of certain restricted stock |
awards. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 9 |

SUPPLEMENTAL BALANCE SHEET DETAIL |  |  |  |  |
Unaudited, dollars in thousands |  |  |  |  |  |
|  |  |  |  | Actual Results |  | Pro Forma |
|  |  |  |  | 9/30/14 |  | 12/31/13 |  | 12/31/13 |
| Real estate, net |  |  |  |  |  |
|  | Land | $ | 1,998,837 |  |  | $ | 2,055,802 |  |  | $ | 1,989,160 |  |
|  | Buildings and improvements |  |  |  |  |  |
|  |  | Building | 7,327,482 |  |  | 7,436,072 |  |  | 7,321,799 |  |
|  |  | Building and tenant improvements | 472,301 |  |  | 346,521 |  |  | 357,814 |  |
|  |  | Construction in process (anchor space repositioning and redevelopment only) | 28,411 |  |  | 27,386 |  |  | 27,386 |  |
|  |  | Lease intangibles | 922,826 |  |  | 971,947 |  |  | 947,900 |  |
|  |  |  |  | 10,749,857 |  |  | 10,837,728 |  |  | 10,644,059 |  |
|  | Accumulated depreciation and amortization | (1,452,732 | ) |  | (1,190,170 | ) |  | (1,160,478 | ) |
|  |  | Total real estate, net | $ | 9,297,125 |  |  | $ | 9,647,558 |  |  | $ | 9,483,581 |  |
| Receivables, net |  |  |  |  |  |
|  | Straight-line rent receivable | $ | 61,483 |  |  | $ | 47,669 |  |  | $ | 46,855 |  |
|  | Tenant receivables | 110,923 |  |  | 145,247 |  |  | 141,779 |  |
|  | Allowance for doubtful accounts | (15,745 | ) |  | (30,190 | ) |  | (28,741 | ) |
|  | Other | 13,954 |  |  | 15,779 |  |  | 15,691 |  |
|  | Total receivables, net | $ | 170,615 |  |  | $ | 178,505 |  |  | $ | 175,584 |  |
| Deferred charges and prepaid expenses, net |  |  |  |  |  |
|  | Deferred charges, net | $ | 83,444 |  |  | $ | 73,791 |  |  | $ | 72,538 |  |
|  | Prepaid expenses, net | 35,489 |  |  | 31,731 |  |  | 30,699 |  |
|  | Total deferred charges and prepaid expenses, net | $ | 118,933 |  |  | $ | 105,522 |  |  | $ | 103,237 |  |
| Other assets |  |  |  |  |  |
|  | Furniture, fixtures and leasehold improvements, net | $ | 10,170 |  |  | $ | 10,591 |  |  | $ | 10,591 |  |
|  | Real estate assets held for sale | — |  |  | 5,531 |  |  | — |  |
|  | Other | 3,128 |  |  | 3,528 |  |  | 3,452 |  |
|  | Total other assets | $ | 13,298 |  |  | $ | 19,650 |  |  | $ | 14,043 |  |
| Accounts payable, accrued expenses and other liabilities |  |  |  |  |  |
|  | Accounts payable and accrued expenses | $ | 232,447 |  |  | $ | 230,967 |  |  | $ | 226,848 |  |
|  | Dividends payable | 61,118 |  |  | 38,637 |  |  | 38,637 |  |
|  | Below market leases, net | 339,602 |  |  | 388,176 |  |  | 385,097 |  |
|  | Other | 44,534 |  |  | 51,749 |  |  | 50,913 |  |
|  | Total accounts payable, accrued expenses and other liabilities | $ | 677,701 |  |  | $ | 709,529 |  |  | $ | 701,495 |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 10 |

NOI DETAIL, SUPPLEMENTAL STATEMENT OF OPERATIONS DETAIL, OPERATING RATIOS & ADDITIONAL DISCLOSURES
Unaudited, dollars in thousands |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Pro Forma |  |  | Actual Results |
|  |  |  |  | Three Months Ended |  | Nine Months Ended |  |  | Three Months Ended |  | Nine Months Ended |
|  |  |  |  | 9/30/14 |  | 9/30/13 |  | 9/30/14 |  | 9/30/13 |  |  | 9/30/14 |  | 9/30/13 |  | 9/30/14 |  | 9/30/13 |
| Net Operating Income Detail |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Rental income | $ | 240,904 |  |  | $ | 238,446 |  |  | $ | 718,240 |  |  | $ | 702,170 |  |  |  | $ | 240,904 |  |  | $ | 223,225 |  |  | $ | 718,240 |  |  | $ | 654,079 |  |
|  | Expense reimbursements | 63,518 |  |  | 64,803 |  |  | 197,835 |  |  | 191,772 |  |  |  | 63,518 |  |  | 60,619 |  |  | 197,835 |  |  | 179,534 |  |
|  | Percentage rents | 1,571 |  |  | 1,364 |  |  | 4,621 |  |  | 5,157 |  |  |  | 1,571 |  |  | 1,280 |  |  | 4,621 |  |  | 4,964 |  |
|  | Operating costs | (28,805 | ) |  | (30,675 | ) |  | (95,595 | ) |  | (92,774 | ) |  |  | (28,805 | ) |  | (28,036 | ) |  | (95,595 | ) |  | (85,542 | ) |
|  | Real estate taxes | (44,369 | ) |  | (44,057 | ) |  | (132,650 | ) |  | (131,491 | ) |  |  | (44,369 | ) |  | (42,015 | ) |  | (132,650 | ) |  | (124,711 | ) |
|  | Provision for doubtful accounts | (2,771 | ) |  | (3,113 | ) |  | (8,636 | ) |  | (8,273 | ) |  |  | (2,771 | ) |  | (3,071 | ) |  | (8,636 | ) |  | (7,956 | ) |
| Net operating income | 230,048 |  |  | 226,768 |  |  | 683,815 |  |  | 666,561 |  |  |  | 230,048 |  |  | 212,002 |  |  | 683,815 |  |  | 620,368 |  |
| Reconciliation of net operating income to net income (loss) attributable to common stockholders |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Fee income | 599 |  |  | 948 |  |  | 1,669 |  |  | 2,988 |  |  |  | 599 |  |  | 966 |  |  | 1,669 |  |  | 3,042 |  |
|  | Depreciation and amortization | (111,150 | ) |  | (119,328 | ) |  | (334,084 | ) |  | (362,283 | ) |  |  | (111,150 | ) |  | (108,479 | ) |  | (334,084 | ) |  | (328,878 | ) |
|  | Impairment of real estate assets | — |  |  | — |  |  | — |  |  | (1,531 | ) |  |  | — |  |  | — |  |  | — |  |  | (1,531 | ) |
|  | General and administrative | (19,624 | ) |  | (22,013 | ) |  | (59,221 | ) |  | (64,343 | ) |  |  | (19,624 | ) |  | (23,605 | ) |  | (59,221 | ) |  | (65,386 | ) |
|  | Total other income (expense) | (66,121 | ) |  | (74,737 | ) |  | (206,558 | ) |  | (222,214 | ) |  |  | (66,121 | ) |  | (104,587 | ) |  | (206,558 | ) |  | (293,877 | ) |
|  | Equity in income of unconsolidated joint ventures | 112 |  |  | 114 |  |  | 316 |  |  | 518 |  |  |  | 112 |  |  | 247 |  |  | 248 |  |  | 1,001 |  |
|  | Gain on disposition of investments in unconsolidated joint ventures | — |  |  | — |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  | 1,820 |  |  | — |  |
|  | Income (loss) from discontinued operations | — |  |  | — |  |  | — |  |  | — |  |  |  | — |  |  | (1,099 | ) |  | 19,213 |  |  | (41,584 | ) |
|  | Net (income) loss attributable to non-controlling interests | (6,834 | ) |  | (3,141 | ) |  | (19,983 | ) |  | (5,594 | ) |  |  | (6,834 | ) |  | 5,716 |  |  | (40,998 | ) |  | 25,248 |  |
| Net income (loss) attributable to common stockholders | $ | 27,030 |  |  | $ | 8,611 |  |  | $ | 65,954 |  |  | $ | 14,102 |  |  |  | $ | 27,030 |  |  | $ | (18,839 | ) |  | $ | 65,904 |  |  | $ | (81,597 | ) |
| Supplemental Statement of Operations Detail |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Rental income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Base rent | $ | 220,245 |  |  | $ | 214,180 |  |  | $ | 657,044 |  |  | $ | 639,611 |  |  |  | $ | 220,245 |  |  | $ | 200,132 |  |  | $ | 657,044 |  |  | $ | 595,346 |  |
|  | Lease termination fees | 208 |  |  | 635 |  |  | 1,781 |  |  | 1,739 |  |  |  | 208 |  |  | 598 |  |  | 1,781 |  |  | 1,640 |  |
|  | Straight-line rent | 4,857 |  |  | 5,908 |  |  | 14,625 |  |  | 14,660 |  |  |  | 4,857 |  |  | 5,100 |  |  | 14,625 |  |  | 11,790 |  |
|  | Above- and below-market rent amortization, net | 11,909 |  |  | 14,496 |  |  | 35,079 |  |  | 39,393 |  |  |  | 11,909 |  |  | 14,218 |  |  | 35,079 |  |  | 38,740 |  |
|  | Ancillary and other | 3,685 |  |  | 3,227 |  |  | 9,711 |  |  | 6,767 |  |  |  | 3,685 |  |  | 3,177 |  |  | 9,711 |  |  | 6,563 |  |
|  | Total rental income | $ | 240,904 |  |  | $ | 238,446 |  |  | $ | 718,240 |  |  | $ | 702,170 |  |  |  | $ | 240,904 |  |  | $ | 223,225 |  |  | $ | 718,240 |  |  | $ | 654,079 |  |
| Other revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Percentage rents | $ | 1,571 |  |  | $ | 1,364 |  |  | $ | 4,621 |  |  | $ | 5,157 |  |  |  | $ | 1,571 |  |  | $ | 1,280 |  |  | $ | 4,621 |  |  | $ | 4,964 |  |
|  | Fee income | 599 |  |  | 948 |  |  | 1,669 |  |  | 2,988 |  |  |  | 599 |  |  | 966 |  |  | 1,669 |  |  | 3,042 |  |
|  | Total other revenues | $ | 2,170 |  |  | $ | 2,312 |  |  | $ | 6,290 |  |  | $ | 8,145 |  |  |  | $ | 2,170 |  |  | $ | 2,246 |  |  | $ | 6,290 |  |  | $ | 8,006 |  |
| Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Mortgage and note interest | $ | 55,183 |  |  | $ | 65,177 |  |  | $ | 169,933 |  |  | $ | 196,420 |  |  |  | $ | 55,183 |  |  | $ | 82,629 |  |  | $ | 169,933 |  |  | $ | 274,890 |  |
|  | Unsecured credit facility and term loan interest | 13,287 |  |  | 11,329 |  |  | 38,441 |  |  | 30,931 |  |  |  | 13,287 |  |  | 4,522 |  |  | 38,441 |  |  | 4,522 |  |
|  | Deferred financing cost amortization | 2,052 |  |  | 3,047 |  |  | 6,708 |  |  | 9,748 |  |  |  | 2,052 |  |  | 2,576 |  |  | 6,708 |  |  | 8,315 |  |
|  | Debt premium and discount amortization, net | (4,977 | ) |  | (5,531 | ) |  | (15,618 | ) |  | (18,139 | ) |  |  | (4,977 | ) |  | (5,126 | ) |  | (15,618 | ) |  | (16,882 | ) |
|  | Total interest expense | $ | 65,545 |  |  | $ | 74,022 |  |  | $ | 199,464 |  |  | $ | 218,960 |  |  |  | $ | 65,545 |  |  | $ | 84,601 |  |  | $ | 199,464 |  |  | $ | 270,845 |  |
| Other expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Federal and state taxes | 1,026 |  |  | 1,053 |  |  | 2,950 |  |  | 3,167 |  |  |  | 1,026 |  |  | 955 |  |  | 2,950 |  |  | 2,850 |  |
|  | Other | 179 |  |  | 478 |  |  | 2,385 |  |  | 2,372 |  |  |  | 179 |  |  | 2,474 |  |  | 2,385 |  |  | 5,248 |  |
|  | Total other expense | $ | 1,205 |  |  | $ | 1,531 |  |  | $ | 5,335 |  |  | $ | 5,539 |  |  |  | $ | 1,205 |  |  | $ | 3,429 |  |  | $ | 5,335 |  |  | $ | 8,098 |  |
| Operating Ratios |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | NOI margin (NOI / total rental revenues) (1)(2) | 75.2 | % |  | 74.4 | % |  | 74.3 | % |  | 74.1 | % |  |  | 75.2 | % |  | 74.4 | % |  | 74.3 | % |  | 74.0 | % |
|  | Expense recovery ratio (expense reimbursements / (operating costs + real estate taxes)) | 86.8 | % |  | 86.7 | % |  | 86.7 | % |  | 85.5 | % |  |  | 86.8 | % |  | 86.5 | % |  | 86.7 | % |  | 85.4 | % |
| Additional Disclosures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Capitalized interest | $ | 1,149 |  |  | $ | 1,375 |  |  | $ | 2,775 |  |  | $ | 3,338 |  |  |  | $ | 1,149 |  |  | $ | 1,357 |  |  | $ | 2,775 |  |  | $ | 3,298 |  |
|  | Equity based compensation | 1,896 |  |  | 2,056 |  |  | 7,019 |  |  | 3,661 |  |  |  | 1,896 |  |  | 2,056 |  |  | 7,019 |  |  | 3,661 |  |
|  | Capitalized direct leasing compensation costs | 3,974 |  |  | 3,567 |  |  | 11,505 |  |  | 9,905 |  |  |  | 3,974 |  |  | 3,567 |  |  | 11,505 |  |  | 9,905 |  |
|  | Capitalized direct construction compensation costs | 1,451 |  |  | 1,284 |  |  | 4,363 |  |  | 3,982 |  |  |  | 1,451 |  |  | 1,284 |  |  | 4,363 |  |  | 3,982 |  |
(1) NOI excludes unconsolidated joint venture Montecito Marketplace NOI of $185 and $547 at pro rata share for the three and nine months ended September 30, 2014, respectively. |  |  |
(2) NOI includes straight-line rents and above- and below-market rent amortization, net. |  |  |  |  |  |  |  |  |  |  |  |  |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 11 |

SAME PROPERTY NOI ANALYSIS & RECONCILIATION OF NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS
Unaudited, dollars in thousands |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Actual Results (1) |
|  |  |  |  | Three Months Ended |  |  |  | Nine Months Ended |  |  |
|  |  |  |  | 9/30/14 |  | 9/30/13 |  | Change |  | 9/30/14 |  | 9/30/13 |  | Change |
| Same Property NOI Analysis |  |  |  |  |  |  |  |  |  |  |  |
| Number of properties | 479 |  |  | 479 |  |  | — |  | 479 |  |  | 479 |  |  | — |
| Percent billed | 90.8 | % |  | 90.3 | % |  | 0.5% |  | 90.8 | % |  | 90.3 | % |  | 0.5% |
| Percent leased | 92.7 | % |  | 92.2 | % |  | 0.5% |  | 92.7 | % |  | 92.2 | % |  | 0.5% |
| Revenues |  |  |  |  |  |  |  |  |  |  |  |
|  | Rental income | $ | 210,530 |  |  | $ | 204,549 |  |  |  |  | $ | 626,909 |  |  | $ | 607,368 |  |  |  |
|  | Expense reimbursements | 60,473 |  |  | 60,828 |  |  |  |  | 187,465 |  |  | 180,861 |  |  |  |
|  | Percentage rents | 1,556 |  |  | 1,283 |  |  |  |  | 4,481 |  |  | 4,968 |  |  |  |
|  |  |  |  | 272,559 |  |  | 266,660 |  |  | 2.2% |  | 818,855 |  |  | 793,197 |  |  | 3.2% |
| Operating expenses |  |  |  |  |  |  |  |  |  |  |  |
|  | Operating costs | (27,184 | ) |  | (28,536 | ) |  |  |  | (89,867 | ) |  | (87,114 | ) |  |  |
|  | Real estate taxes | (42,255 | ) |  | (42,098 | ) |  |  |  | (126,177 | ) |  | (125,428 | ) |  |  |
|  | Provision for doubtful accounts | (2,655 | ) |  | (3,062 | ) |  |  |  | (8,174 | ) |  | (7,969 | ) |  |  |
|  |  |  |  | (72,094 | ) |  | (73,696 | ) |  | (2.2%) |  | (224,218 | ) |  | (220,511 | ) |  | 1.7% |
| Same property NOI | $ | 200,465 |  |  | $ | 192,964 |  |  | 3.9% |  | $ | 594,637 |  |  | $ | 572,686 |  |  | 3.8% |
| Same property NOI excluding redevelopments (2) | $ | 196,681 |  |  | $ | 189,541 |  |  | 3.8% |  | $ | 579,029 |  |  | $ | 558,387 |  |  | 3.7% |
| NOI margin (3) | 73.5 | % |  | 72.4 | % |  | 1.6% |  | 72.6 | % |  | 72.2 | % |  | 0.6% |
| Expense recovery ratio | 87.1 | % |  | 86.1 | % |  | 1.1% |  | 86.8 | % |  | 85.1 | % |  | 2.0% |
| Percent contribution to same property NOI growth: |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Change |  | Percent Change |  |  |  | Change |  | Percent Change |  |  |
|  | Rent growth | 5,981 |  |  | 3.1% |  |  |  | 19,541 |  |  | 3.4% |  |  |
|  | Net recoveries | 840 |  |  | 0.4% |  |  |  | 3,102 |  |  | 0.5% |  |  |
|  | Other revenues | 273 |  |  | 0.1% |  |  |  | (487 | ) |  | (0.1%) |  |  |
|  | Provision for doubtful accounts | 407 |  |  | 0.2% |  |  |  | (205 | ) |  | — |  |  |
|  |  |  |  |  |  | 3.9% |  |  |  |  |  | 3.8% |  |  |
| Reconciliation of Net Income (Loss) Attributable to Common Stockholders to Same Property NOI |  |  |  |  |  |  |  |  |
| Net income (loss) attributable to common stockholders | $ | 27,030 |  |  | $ | (18,839 | ) |  |  |  | $ | 65,904 |  |  | $ | (81,597 | ) |  |  |
| Adjustments: |  |  |  |  |  |  |  |  |  |  |  |
|  | Revenue adjustments (4) | (17,132 | ) |  | (20,270 | ) |  |  |  | (51,226 | ) |  | (51,621 | ) |  |  |
|  | Depreciation and amortization | 111,150 |  |  | 108,479 |  |  |  |  | 334,084 |  |  | 328,878 |  |  |  |
|  | Impairment of real estate assets | — |  |  | — |  |  |  |  | — |  |  | 1,531 |  |  |  |
|  | General and administrative | 19,624 |  |  | 23,605 |  |  |  |  | 59,221 |  |  | 65,386 |  |  |  |
|  | Total other (income) expense | 66,121 |  |  | 104,587 |  |  |  |  | 206,558 |  |  | 293,877 |  |  |  |
|  | Equity in income of unconsolidated joint ventures | (112 | ) |  | (247 | ) |  |  |  | (248 | ) |  | (1,001 | ) |  |  |
|  | Gain on disposition of investments in unconsolidated joint ventures | — |  |  | — |  |  |  |  | (1,820 | ) |  | — |  |  |  |
|  | Pro rata share of same property NOI of unconsolidated joint ventures | 185 |  |  | 182 |  |  |  |  | 547 |  |  | 545 |  |  |  |
|  | (Income) loss from discontinued operations | — |  |  | 1,099 |  |  |  |  | (19,213 | ) |  | 41,584 |  |  |  |
|  | Net income (loss) attributable to non-controlling interests | 6,834 |  |  | (5,716 | ) |  |  |  | 40,998 |  |  | (25,248 | ) |  |  |
|  | Non-same property NOI | (13,235 | ) |  | 84 |  |  |  |  | (40,168 | ) |  | 352 |  |  |  |
| Same property NOI | $ | 200,465 |  |  | $ | 192,964 |  |  |  |  | $ | 594,637 |  |  | $ | 572,686 |  |  |  |
| Impact of redevelopments | (3,784 | ) |  | (3,423 | ) |  |  |  | (15,608 | ) |  | (14,299 | ) |  |  |
| Same property NOI excluding redevelopments (2) | $ | 196,681 |  |  | $ | 189,541 |  |  |  |  | $ | 579,029 |  |  | $ | 558,387 |  |  |  |
(1) Represents all properties owned prior to the completion of the IPO. This portfolio excludes the Excluded Properties and the Acquired Properties. Includes unconsolidated joint venture, Montecito Marketplace, at pro rata share.
(2) Excludes four redevelopment properties for the three months ended September 30, 2014 and September 30, 2013. Excludes six redevelopment properties for the nine months ended September 30, 2014 and September 30, 2013.
(3) NOI excludes straight-line rents and above- and below-market rent amortization, net. |  |  |  |  |  |  |  |  |  |  |  |
(4) Includes adjustments for lease settlement income, straight-line rents, above- and below-market rent amortization, net and fee income from managed properties and unconsolidated joint ventures. |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 12 |

CAPITAL EXPENDITURES |  |  |  |  |  |  |  |  |
Unaudited, dollars in thousands |  |  |  |  |  |  |  |  |
|  |  |  |  | Pro Forma |  |  | Actual Results |
|  |  |  |  | Three Months |  | Nine Months |  |  | Three Months |  | Nine Months |
|  |  |  |  | Ended 9/30/14 |  | Ended 9/30/14 |  |  | Ended 9/30/14 |  | Ended 9/30/14 |
| Capital Expenditures (1): |  |  |  |  |  |  |  |  |
|  | Anchor space repositioning and redevelopment (2) | $ | 28,949 |  |  | $ | 67,685 |  |  |  | $ | 28,949 |  |  | $ | 67,685 |  |
|  | Building and site improvements (3) | 12,711 |  |  | 20,002 |  |  |  | 12,711 |  |  | 19,899 |  |
|  | Tenant improvements | 14,622 |  |  | 54,990 |  |  |  | 14,622 |  |  | 54,661 |  |
|  | External leasing commissions | 2,032 |  |  | 8,889 |  |  |  | 2,032 |  |  | 8,901 |  |
| Total Capital Expenditures | $ | 58,314 |  |  | $ | 151,566 |  |  |  | $ | 58,314 |  |  | $ | 151,146 |  |
(1) Includes unconsolidated joint ventures at pro rata share. |  |  |  |  |  |  |  |  |
(2) Revenue-enhancing expenditures. |  |  |  |  |  |  |  |  |
(3) Non revenue-enhancing expenditures such as lighting, painting, parking lots, roofing and signage. |  |  |  |  |  |  |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 13 |

CAPITALIZATION, LIQUIDITY & DEBT RATIOS |  |  |
Unaudited, dollars in thousands |  |  |  |  |  |
|  |  |  | Actual Results |  | Pro Forma |
|  |  |  |  | 9/30/14 |  | 12/31/13 |  | 12/31/13 |
| Debt: |  |  |  |  |  |  |
|  | Revolving credit facility | $ | 271,475 |  |  | $ | 120,179 |  |  | $ | 120,179 |  |
|  | Term loans | 2,100,000 |  |  | 1,500,000 |  |  | 1,500,000 |  |
|  | Unsecured notes | 293,657 |  |  | 353,617 |  |  | 353,617 |  |
|  | Secured mortgages | 3,203,987 |  |  | 3,928,184 |  |  | 3,911,383 |  |
|  | Financial liabilities | 121,470 |  |  | 172,689 |  |  | 172,689 |  |
| Total principal debt | 5,990,589 |  |  | 6,074,669 |  |  | 6,057,868 |  |
| Add: Net unamortized premium | 64,239 |  |  | 81,731 |  |  | 82,550 |  |
| Total debt | 6,054,828 |  |  | 6,156,400 |  |  | 6,140,418 |  |
| Less: cash, cash equivalents and restricted cash | (148,998 | ) |  | (189,372 | ) |  | (170,179 | ) |
| Net debt | 5,905,830 |  |  | 5,967,028 |  |  | 5,970,239 |  |
| Equity: |  |  |  |  |  |  |
|  | Stockholders' equity | 2,434,381 |  |  | 2,342,468 |  |  | 2,342,468 |  |
|  | Non-controlling interests | 587,033 |  |  | 942,052 |  |  | 768,051 |  |
| Total equity | 3,021,414 |  |  | 3,284,520 |  |  | 3,110,519 |  |
| Total capitalization | $ | 8,927,244 |  |  | $ | 9,251,548 |  |  | $ | 9,080,758 |  |
| Outstanding classes of stock and partnership units: |  |  |  |  |  |
|  | Common shares outstanding | 245,086 |  |  | 229,680 |  |  | 229,680 |  |
|  | Exchangeable BPG Sub shares held by non-controlling interests | 50,182 |  |  | 58,663 |  |  | 58,663 |  |
|  | Exchangeable OP Units held by non-controlling interests | 8,953 |  |  | 15,878 |  |  | 15,878 |  |
|  |  |  |  | 304,221 |  |  | 304,221 |  |  | 304,221 |  |
| Liquidity: |  |  |  |  |  |
|  | Cash and cash equivalents and restricted cash | $ | 148,998 |  |  | $ | 189,372 |  |  | $ | 170,179 |  |
|  | Available under unsecured credit facility | 978,525 |  |  | 1,129,821 |  |  | 1,129,821 |  |
|  |  |  |  | $ | 1,127,523 |  |  | $ | 1,319,193 |  |  | $ | 1,300,000 |  |
|  |  |  |  | Actual Results |  | Pro Forma |  |  |
|  |  |  |  | Three Months |  | Three Months |  |  |
|  |  |  |  | Ended 9/30/14 |  | Ended 12/31/13 |  |  |
| Ratios: |  |  |  |  |  |  |
|  | Total debt / total market capitalization (1) | 47.2 | % |  | 50.0 | % |  |  |
|  | Total debt / total assets, before depreciation (consolidated portfolio only) (2) | 52.8 | % |  | 54.0 | % |  |  |
|  | Secured debt to total assets (2) | 33.5 | % |  | 35.5 | % |  |  |
|  | Net principal debt to adjusted EBITDA (GAAP) | 6.9x |  |  | 7.1x |  |  |  |
|  | Net principal debt to adjusted EBITDA (cash) | 7.5x |  |  | 7.7x |  |  |  |
|  | Unencumbered assets to unsecured debt | 2.0x |  |  | 2.1x |  |  |  |
|  | Interest coverage (adjusted EBITDA / interest expense) | 3.2x |  |  | 2.9x |  |  |  |
|  | Debt service coverage (adjusted EBITDA / (interest expense + scheduled principal payments)) | 2.9x |  |  | 2.6x |  |  |  |
|  | Fixed charge coverage (adjusted EBITDA / (interest expense + scheduled principal payments + preferred dividends)) | 2.9x |  |  | 2.6x |  |  |  |
|  |  |  |  | Actual |  |  |  |  |
|  |  |  |  | 9/30/14 |  |  |  |  |
|  | Percentage of total debt: |  |  |  |  |  |
|  |  | Fixed | 85.5 | % |  |  |  |  |
|  |  | Floating | 14.5 | % |  |  |  |  |
|  | Unencumbered summary: |  |  |  |  |  |
|  |  | Percent of properties | 50.2 | % |  |  |  |  |
|  |  | Percent of NOI | 49.1 | % |  |  |  |  |
|  | Weighted average maturity (years): |  |  |  |  |  |
|  |  | Fixed | 3.42 |  |  |  |  |  |
|  |  | Floating | 3.96 |  |  |  |  |  |
|  |  | Total | 3.50 |  |  |  |  |  |
(1) Market capitalization based on the September 30, 2014 closing stock price of $22.26. |  |  |  |  |  |
(2) Excludes Inland Preferred. |  |  |  |  |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 14 |

DEBT OVERVIEW |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unaudited, dollars in thousands |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Maturity Schedule - Debt & Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Year |  |  |  | Scheduled Amortization |  |  | Scheduled Maturities |  |  | Total |  |  | Weighted Avg Interest Rate |  |  |  |  |  |
|  |  |  |  |  | 2014 |  |  |  | $ | 8,392 |  |  | $ | — |  |  | $ | 8,392 |  |  | 6.06 | % |  |  |  |  |
|  |  |  |  |  | 2015 |  |  |  | 30,590 |  |  | 817,184 |  |  | 847,774 |  |  | 6.18 | % |  |  |  |  |
|  |  |  |  |  | 2016 |  |  |  | 23,477 |  |  | 1,235,404 |  |  | 1,258,881 |  |  | 5.60 | % |  |  |  |  |
|  |  |  |  |  | 2017 |  |  |  | 22,941 |  |  | 599,292 |  |  | 622,233 |  |  | 4.36 | % |  |  |  |  |
|  |  |  |  |  | 2018 |  |  |  | 20,491 |  |  | 1,500,169 |  |  | 1,520,660 |  |  | 2.39 | % |  |  |  |  |
|  |  |  |  |  | 2019 |  |  |  | 21,402 |  |  | 600,000 |  |  | 621,402 |  |  | 1.75 | % |  |  |  |  |
|  |  |  |  |  | 2020 |  |  |  | 15,886 |  |  | 840,479 |  |  | 856,365 |  |  | 6.50 | % |  |  |  |  |
|  |  |  |  |  | 2021 |  |  |  | — |  |  | 186,225 |  |  | 186,225 |  |  | 6.24 | % |  |  |  |  |
|  |  |  |  |  | 2022+ |  |  |  | — |  |  | 68,657 |  |  | 68,657 |  |  | 7.30 | % |  |  |  |  |
|  |  |  |  |  | Total Debt Maturities (1) |  | $ | 143,179 |  |  | $ | 5,847,410 |  |  | $ | 5,990,589 |  |  | 4.51 | % |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Net unamortized premiums on mortgages |  | 73,333 |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Net unamortized discount on notes |  | (9,094 | ) |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Debt & financial liabilities, net |  | $ | 6,054,828 |  |  |  |  |  |  |  |
| Detailed Maturity Schedule - Debt & Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | Fixed Rate Secured Mortgages |  | Fixed Rate Unsecured Notes (2) |  | Financial Liabilities (2) |  | Variable Rate Unsecured Credit Facility / Fixed Rate Unsecured Credit Facility (2) |
|  | Year |  | Scheduled Amortization |  |  | Scheduled Maturities |  |  | Weighted Avg Interest Rate |  |  | Scheduled Maturities |  |  | Weighted Avg Interest Rate |  |  | Scheduled Maturities |  |  | Weighted Avg Interest Rate |  |  | Scheduled Maturities |  |  | Weighted Avg Interest Rate |  |
|  | 2014 |  | $ | 8,392 |  |  | $ | — |  |  | 6.06 | % |  | $ | — |  |  | — |  |  | $ | — |  |  | — |  |  | $ | — |  |  | — |  |
|  | 2015 |  | 30,590 |  |  | 470,714 |  |  | 5.41 | % |  | 225,000 |  |  | 5.27 | % |  | 121,470 |  |  | 11.00 | % |  | — |  |  | — |  |
|  | 2016 |  | 23,477 |  |  | 1,235,404 |  |  | 5.60 | % |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |
|  | 2017 |  | 22,941 |  |  | 327,817 |  |  | 6.42 | % |  | — |  |  | — |  |  | — |  |  | — |  |  | 271,475 |  |  | 1.69 | % |
|  | 2018 |  | 20,491 |  |  | 169 |  |  | 6.30 | % |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,500,000 |  |  | 2.34 | % |
|  | 2019 |  | 21,402 |  |  | — |  |  | 6.26 | % |  | — |  |  | — |  |  | — |  |  | — |  |  | 600,000 |  |  | 1.59 | % |
|  | 2020 |  | 15,886 |  |  | 840,479 |  |  | 6.50 | % |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |
|  | 2021 |  | — |  |  | 186,225 |  |  | 6.24 | % |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |
|  | 2022+ |  | — |  |  | — |  |  | — |  |  | 68,657 |  |  | 7.30 | % |  | — |  |  | — |  |  | — |  |  | — |  |
|  | Total Debt Maturities |  | $ | 143,179 |  |  | $ | 3,060,808 |  |  | 5.95 | % |  | $ | 293,657 |  |  | 5.75 | % |  | $ | 121,470 |  |  | 11.00 | % |  | $ | 2,371,475 |  |  | 2.07 | % |
(1) Excludes unconsolidated joint venture debt of $2,948 at pro rata share. |  |  |  |  |  |  |  |  |  |  |  |  |
(2) No scheduled amortization until maturity dates. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 15 |

SUMMARY OF OUTSTANDING DEBT |  |  |  |  |  |  |  |  |
Unaudited, dollars in thousands |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Number of |  | Outstanding |  | Actual |  | Maturity |  | Percent of |
| Loan / Property Name |  | MSA |  |  |  | Properties |  | Balance |  | Interest Rate |  | Date |  | Total Indebtedness |
| FIXED RATE DEBT: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Secured Mortgages |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Shops of Tuscaloosa(1) |  | Tuscaloosa, AL |  |  |  | 1 |  |  | $ | 6,459 |  |  | 5.45 | % |  | 1/11/15 |  | 0.11 | % |
|  | REIT 2 LP 66 |  | — |  |  |  | 3 |  |  | 66,000 |  |  | 5.29 | % |  | 4/1/15 |  | 1.13 | % |
|  | Eustis Village |  | Orlando-Kissimmee-Sanford, FL |  |  | 1 |  |  | 12,162 |  |  | 5.45 | % |  | 5/11/15 |  | 0.21 | % |
|  | Governors Town Square |  | Atlanta-Sandy Springs-Roswell, GA |  | 1 |  |  | 9,404 |  |  | 5.20 | % |  | 6/1/15 |  | 0.16 | % |
|  | Turnpike Plaza |  | Hartford-West Hartford-East Hartford, CT |  | 1 |  |  | 20,500 |  |  | 4.90 | % |  | 6/1/15 |  | 0.35 | % |
|  | Sarasota Village |  | North Port-Sarasota-Bradenton, FL |  | 1 |  |  | 9,763 |  |  | 5.02 | % |  | 6/1/15 |  | 0.17 | % |
|  | Sunshine Square |  | New York-Newark-Jersey City, NY-NJ-PA |  | 1 |  |  | 16,749 |  |  | 6.85 | % |  | 8/5/15 |  | 0.29 | % |
|  | Village West |  | Los Angeles-Long Beach-Anaheim, CA |  | 1 |  |  | 12,703 |  |  | 5.25 | % |  | 8/5/15 |  | 0.22 | % |
|  | REIT 20 LP 208 |  | — |  |  |  | 18 |  |  | 208,000 |  |  | 5.17 | % |  | 9/1/15 |  | 3.54 | % |
|  | Westminster City Center |  | Denver-Aurora-Lakewood, CO |  |  | 1 |  |  | 47,000 |  |  | 5.17 | % |  | 9/1/15 |  | 0.80 | % |
|  | Hillcrest |  | Spartanburg, SC |  |  |  | 1 |  |  | 18,500 |  |  | 7.50 | % |  | 9/1/15 |  | 0.32 | % |
|  | Hampton Village Centre |  | Detroit-Warren-Dearborn, MI |  |  | 1 |  |  | 27,446 |  |  | 5.65 | % |  | 9/5/15 |  | 0.47 | % |
|  | Wilmington Island |  | Savannah, GA |  |  |  | 1 |  |  | 8,642 |  |  | 5.05 | % |  | 11/11/15 |  | 0.15 | % |
|  | Streetsboro Crossing |  | Akron, OH |  |  |  | 1 |  |  | 8,925 |  |  | 5.37 | % |  | 12/1/15 |  | 0.15 | % |
|  | REIT 4 LP 169 |  | — |  |  |  | 22 |  |  | 153,305 |  |  | 5.62 | % |  | 1/1/16 |  | 2.61 | % |
|  | South Plaza Shopping Center |  | California-Lexington Park, MD |  |  | 1 |  |  | 15,298 |  |  | 5.42 | % |  | 1/11/16 |  | 0.26 | % |
|  | REIT 5 LP 240 |  | — |  |  |  | 12 |  |  | 221,039 |  |  | 5.63 | % |  | 2/1/16 |  | 3.77 | % |
|  | Chicopee Marketplace |  | Springfield, MA |  |  |  | 1 |  |  | 17,415 |  |  | 5.97 | % |  | 6/1/16 |  | 0.30 | % |
|  | Cobblestone Village I and II |  | Miami-Fort Lauderdale-West Palm Beach, FL |  | 1 |  |  | 9,994 |  |  | 5.97 | % |  | 6/1/16 |  | 0.17 | % |
|  | Springdale |  | Mobile, AL |  |  |  | 1 |  |  | 36,907 |  |  | 5.97 | % |  | 6/1/16 |  | 0.63 | % |
|  | Wilkes-Barre Township Marketplace |  | Scranton--Wilkes-Barre--Hazleton, PA |  | 1 |  |  | 10,613 |  |  | 5.97 | % |  | 6/1/16 |  | 0.18 | % |
|  | Fashion Square |  | Jacksonville, FL |  |  |  | 1 |  |  | 7,517 |  |  | 5.97 | % |  | 6/1/16 |  | 0.13 | % |
|  | REIT 7 LP 86 |  | — |  |  |  | 7 |  |  | 86,000 |  |  | 6.32 | % |  | 8/1/16 |  | 1.47 | % |
|  | REIT 16 LP 220 |  | — |  |  |  | 14 |  |  | 220,936 |  |  | 5.39 | % |  | 11/1/16 |  | 3.76 | % |
|  | REIT 14 LP 226 |  | — |  |  |  | 15 |  |  | 226,109 |  |  | 5.44 | % |  | 12/1/16 |  | 3.85 | % |
|  | REIT 15 LP 233 |  | — |  |  |  | 15 |  |  | 233,977 |  |  | 5.44 | % |  | 12/9/16 |  | 3.99 | % |
|  | Dublin Village |  | Dublin, GA |  |  |  | 1 |  |  | 6,351 |  |  | 5.78 | % |  | 12/11/16 |  | 0.11 | % |
|  | Conyers Plaza I * |  | Atlanta-Sandy Springs-Roswell, GA |  | 1 |  |  | 10,800 |  |  | 5.77 | % |  | 1/1/17 |  | 0.18 | % |
|  | Freshwater - Stateline Plaza |  | Hartford-West Hartford-East Hartford, CT |  | 1 |  |  | 17,991 |  |  | 8.00 | % |  | 2/1/17 |  | 0.31 | % |
|  | Greensboro Village |  | Nashville-Davidson--Murfreesboro--Franklin, TN |  | 1 |  |  | 9,003 |  |  | 5.52 | % |  | 2/11/17 |  | 0.15 | % |
|  | LP - JPM 300 |  | — |  |  |  | 18 |  |  | 293,475 |  |  | 6.38 | % |  | 9/1/17 |  | 5.00 | % |
|  | Whitaker Square |  | Winston-Salem, NC |  |  |  | 1 |  |  | 9,193 |  |  | 6.32 | % |  | 12/1/17 |  | 0.16 | % |
|  | Christmas Tree Plaza |  | New Haven-Milford, CT |  |  |  | 1 |  |  | 3,962 |  |  | 7.89 | % |  | 5/11/18 |  | 0.07 | % |
|  | Elkhart Market Centre (2) |  | Elkhart-Goshen, IN |  |  |  | 1 |  |  | 6,539 |  |  | 7.50 | % |  | 7/1/20 |  | 0.11 | % |
|  | LP - JPM CMBS |  | — |  |  |  | 72 |  |  | 550,532 |  |  | 6.77 | % |  | 8/1/20 |  | 9.38 | % |
|  | Monroe ShopRite Plaza |  | New York-Newark-Jersey City, NY-NJ-PA |  | 1 |  |  | 8,480 |  |  | 6.50 | % |  | 8/1/20 |  | 0.14 | % |
|  | Bethel Park |  | Pittsburgh, PA |  |  |  | 1 |  |  | 9,854 |  |  | 6.50 | % |  | 8/1/20 |  | 0.17 | % |
|  | Ivyridge |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 1 |  |  | 13,746 |  |  | 6.50 | % |  | 8/1/20 |  | 0.23 | % |
|  | Roosevelt Mall |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 1 |  |  | 49,003 |  |  | 6.50 | % |  | 8/1/20 |  | 0.84 | % |
|  | Inland (Brixmor/IA, LLC) - Pool A |  | — |  |  |  | 9 |  |  | 101,938 |  |  | 5.91 | % |  | 12/6/20 |  | 1.74 | % |
|  | Inland (Brixmor/IA, LLC) - Pool B |  | — |  |  |  | 8 |  |  | 93,364 |  |  | 5.91 | % |  | 12/6/20 |  | 1.59 | % |
|  | Inland (Brixmor/IA, LLC) - Pool C |  | — |  |  |  | 7 |  |  | 100,144 |  |  | 5.91 | % |  | 12/31/20 |  | 1.71 | % |
|  | REIT 20 LP 51 A |  | — |  |  |  | 4 |  |  | 48,323 |  |  | 6.24 | % |  | 1/6/21 |  | 0.82 | % |
|  | REIT 20 LP 45 B |  | — |  |  |  | 4 |  |  | 43,447 |  |  | 6.24 | % |  | 1/6/21 |  | 0.74 | % |
|  | REIT 20 LP 42 C |  | — |  |  |  | 5 |  |  | 40,616 |  |  | 6.24 | % |  | 1/6/21 |  | 0.69 | % |
|  | REIT 20 LP 37 D |  | — |  |  |  | 3 |  |  | 35,075 |  |  | 6.24 | % |  | 1/6/21 |  | 0.60 | % |
|  | REIT 20 LP 43 E |  | — |  |  |  | 4 |  |  | 40,788 |  |  | 6.24 | % |  | 1/6/21 |  | 0.70 | % |
|  | TOTAL FIXED RATE SECURED MORTGAGES |  |  |  |  |  |  |  | 3,203,987 |  |  | 5.95 | % |  |  |  | 54.59 | % |
|  | Unsecured Credit Facility |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Term Loan Facility (3) |  | — |  |  |  | — |  |  | $ | 1,500,000 |  |  | 2.34 | % |  | 7/31/18 |  | 25.56 | % |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 16 |

SUMMARY OF OUTSTANDING DEBT |  |  |  |  |  |  |  |  |
Unaudited, dollars in thousands |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Number of |  | Outstanding |  | Actual |  | Maturity |  | Percent of |
| Loan / Property Name |  | MSA |  |  |  | Properties |  | Balance |  | Interest Rate |  | Date |  | Total Indebtedness |
|  | TOTAL FIXED RATE UNSECURED CREDIT FACILITY |  |  |  |  |  | 1,500,000 |  |  | 2.34 | % |  |  |  | 25.56 | % |
|  | Unsecured Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 5.30%, 2015 Brixmor LLC Notes |  | — |  |  |  | — |  |  | $ | 100,000 |  |  | 5.30 | % |  | 1/15/15 |  | 1.70 | % |
|  | 5.25%, 2015 Brixmor LLC Notes |  | — |  |  |  | — |  |  | 125,000 |  |  | 5.25 | % |  | 9/15/15 |  | 2.13 | % |
|  | 7.97%, 2026 Brixmor LLC Notes (4) |  | — |  |  |  | — |  |  | 2,862 |  |  | 7.97 | % |  | 8/14/26 |  | 0.05 | % |
|  | 7.65%, 2026 Brixmor LLC Notes (4) |  | — |  |  |  | — |  |  | 9,638 |  |  | 7.65 | % |  | 11/2/26 |  | 0.16 | % |
|  | 7.68%, 2026 Brixmor LLC Notes I (4) |  | — |  |  |  | — |  |  | 5,135 |  |  | 7.68 | % |  | 11/2/26 |  | 0.09 | % |
|  | 6.90%, 2028 Brixmor LLC Notes I (4) |  | — |  |  |  | — |  |  | 10,644 |  |  | 6.90 | % |  | 2/15/28 |  | 0.18 | % |
|  | 6.90%, 2028 Brixmor LLC Notes II (4) |  | — |  |  |  | — |  |  | 18,673 |  |  | 6.90 | % |  | 2/15/28 |  | 0.32 | % |
|  | 7.50%, 2029 Brixmor LLC Notes (4) |  | — |  |  |  | — |  |  | 21,705 |  |  | 7.50 | % |  | 7/30/29 |  | 0.37 | % |
|  | TOTAL FIXED RATE UNSECURED NOTES |  |  |  |  |  |  |  | 293,657 |  |  | 5.75 | % |  |  |  | 5.00 | % |
|  | TOTAL FIXED RATE DEBT |  |  |  |  |  |  |  | $ | 4,997,644 |  |  | 4.85 | % |  |  |  | 85.15 | % |
| VARIABLE RATE DEBT: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Unsecured Credit Facility |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Revolving Credit Facility - L+150bps |  | — |  |  |  | — |  |  | $ | 271,475 |  |  | 1.69 | % |  | 7/31/17 |  | 4.63 | % |
|  | Term Loan Facility - L+140bps |  | — |  |  |  | — |  |  | 600,000 |  |  | 1.59 | % |  | 3/18/19 |  | 10.22 | % |
|  | TOTAL VARIABLE RATE UNSECURED CREDIT FACILITY |  |  |  |  |  | 871,475 |  |  | 1.62 | % |  |  |  | 14.85 | % |
|  | TOTAL VARIABLE RATE DEBT |  |  |  |  |  |  |  | $ | 871,475 |  |  | 1.62 | % |  |  |  | 14.85 | % |
|  | TOTAL DEBT |  |  |  |  |  |  |  | $ | 5,869,119 |  |  | 4.37 | % |  |  |  | 100.00 | % |
|  |  |  |  |  | Net unamortized premiums on mortgages | 73,333 |  |  |  |  |  |  |  |
|  |  |  |  |  | Net unamortized discount on notes |  | (9,094 | ) |  |  |  |  |  |  |
|  |  |  |  |  | DEBT OBLIGATIONS, NET |  | $ | 5,933,358 |  |  |  |  |  |  |  |
|  | Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Inland Preferred (5) |  | — |  |  |  | — |  |  | $ | 121,470 |  |  | 11.00 | % |  | 12/6/15 |  | 100.00 | % |
|  | TOTAL FINANCIAL LIABILITIES |  |  |  |  |  |  |  | $ | 121,470 |  |  | 11.00 | % |  |  |  | 100.00 | % |
|  | TOTAL DEBT & FINANCIAL LIABILITIES, NET |  |  |  |  |  | $ | 6,054,828 |  |  |  |  |  |  |  |
* Indicates property is part of a larger shopping center. |  |  |  |  |  |  |  |  |  |  |  |  |
(1) Loan repaid on October 10, 2014. |  |  |  |  |  |  |  |  |  |  |  |  |
(2) Lender has a call option at any time after November 2014 with a minimum of 120 days notice. |  |  |  |  |  |  |  |  |  |  |
(3) Term loan facility has been swapped from 1 month Libor to fixed at a combined rate of 0.844% (spread of 150bps). |  |  |  |  |  |  |  |  |
(4) In October 2014, $50.2 million principal amount of the Notes were repaid in conjunction with a tender offer by Brixmor LLC, an indirect subsidiary of the Company. |  |  |  |  |
(5) Represents preferred equity of a venture with Inland American Real Estate Trust Inc., which is treated as mortgage debt for GAAP purposes. Brixmor’s ownership in the venture is approximately 30%. In October 2014, the Company exercised its right to call the Inland Preferred debt for an amount of cash equal to the outstanding principle balance plus accrued interest. The transaction is expected to close in December 2014. |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 17 |

UNSECURED CREDIT FACILITY COVENANT DISCLOSURE
Unaudited, dollars in thousands |  |  |  |  |
|  |  |  |  |  |  |  | Covenants |  | As of 9/30/14 |  |
|  | I. Leverage ratio | < 60% |  | 45.5 | % |  |
|  |  | Total Outstanding Indebtedness |  |  | 5,993,538 |  |  |
|  |  | Balance Sheet Cash |  |  | 153,050 |  |  |
|  |  | Total Asset Value |  |  | 12,830,037 |  |  |
|  | II. Secured leverage ratio | < 40% |  | 24.7 | % |  |
|  |  | Total Secured Indebtedness |  |  | 3,328,406 |  |  |
|  |  | Balance Sheet Cash |  |  | 153,050 |  |  |
|  |  | Total Asset Value |  |  | 12,830,037 |  |  |
|  | III. Unsecured leverage ratio | < 60% |  | 40.8 | % |  |
|  |  | Total Unsecured Indebtedness |  |  | 2,665,132 |  |  |
|  |  | Unrestricted Cash |  |  | 96,809 |  |  |
|  |  | Unencumbered Asset Value |  |  | 6,293,680 |  |  |
|  | IV. Fixed charge coverage ratio | > 1.5x |  | 2.9x |  |  |
|  |  | Total Net Operating Income |  |  | 893,782 |  |  |
|  |  | Capital Expenditure Reserve |  |  | 13,015 |  |  |
|  |  | Fixed Charges |  |  | 304,913 |  |  |
| Definitions for line of credit covenants: |  |  |  |  |
| Total Outstanding Indebtedness: |  | Total Indebtedness including capital leases, financing liabilities, redeemable non-controlling interests, letters of credit, guarantee obligations, and the Company's applicable share of joint venture Indebtedness. |
| Balance Sheet Cash: |  |  |  | Cash and cash equivalents, Restricted cash, and certain Marketable securities. |
| Total Asset Value: |  |  |  |  | An amount equal to the sum of the following for the Company and the Company's applicable share of its joint ventures: (i) Net Operating Income from Stabilized Projects for the most recent six months annualized divided by 7.00%, (ii) the amount of Management Fees received by the Company for the most recent six months annualized divided by 7.00%, (iii) Acquisition Assets valued at the higher of their capitalization value (Net Operating Income for the most recent six months annualized divided by 7.00%) or acquisition cost, (iv) undepreciated Book Value of Land, (v) undepreciated Book Value of Assets Under Development, (vi) undepreciated Book Value of Non-Stabilized Projects, (vii) value of Mezzanine Debt Investments, (viii) value of all First Mortgage Receivables. The aggregate contributions to Total Asset Value from items (v), (vi), and (vii) above shall not exceed 35% of Total Asset Value. |
| Total Secured Indebtedness: |  |  | All indebtedness that is secured by a lien on any asset. |
| Total Unsecured Indebtedness: |  | All Indebtedness that is not Secured Indebtedness. |
| Unrestricted Cash: |  |  |  |  | Cash and cash equivalents, and certain marketable securities but excluding restricted cash. |
| Unencumbered Asset Value: |  |  | Total Asset Value from Unencumbered Assets. |
| Unencumbered Assets: |  |  |  | Any acquisition asset, land, operating property and any asset under development located in the Unites States which, as of any date of determination is not subject to any liens, claims, or restrictions on transferability or assignability of any kind other than (i) permitted encumbrances or liens in favor of the administrative agent and (ii) customary restrictions on transferability that result in a change of control or that trigger a right of first offer or right of first refusal. |
| Total Net Operating Income: |  |  | For the Company and the Company's applicable share of its joint ventures, as determined in accordance with GAAP, an amount equal to (i) the aggregate rental income and other revenues from the operation of all real estate assets, including from straight-lined rent and amortization of above- and below-market leases minus (ii) all expenses and other charges incurred in connection with the operation of such real estate assets but excluding the payment of or provision for debt service charges, income taxes, capital expenses, depreciation, amortization and other non-cash expenses. |
| Fixed Charges: |  |  |  |  | For any period, the sum of (i) total interest expense, (ii) all scheduled principal payments due on account of total outstanding indebtedness (excluding balloon payments) and (iii) all dividends payable on account of preferred stock or preferred operating partnership units of the borrower or any other person in the consolidated group. |
| Capital Expenditure Reserve: |  |  | For any Operating Property, an amount equal to (i) $0.15 multiplied by (ii) the number of square feet of such Operating Property. |
| Note: For full detailed descriptions of the Credit Facility Covenant calculations and definitions of capitalized terms please refer to the Revolving Credit and Term Loan Agreement, dated as of July 16, 2013 filed as Exhibit 10.6 to Amendment No. 1 to Form S-11, filed with the Securities and Exchange Commission on August 23, 2013. |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 18 |

RECONCILIATION OF GAAP BALANCE SHEET TO PRO FORMA BALANCE SHEET
Unaudited, dollars in thousands |  |  |  |  |  |
|  |  |  | Actual Results |  |  |  | Pro Forma |
|  |  |  |  | 12/31/13 |  | Adjustments (1) |  | 12/31/13 |
| Assets |  |  |  |  |  |
|  | Real estate |  |  |  |  |  |
|  |  | Land | $ | 2,055,802 |  |  | $ | (66,642 | ) |  | $ | 1,989,160 |  |
|  |  | Buildings and improvements | 8,781,926 |  |  | (127,027 | ) |  | 8,654,899 |  |
|  |  |  |  | 10,837,728 |  |  | (193,669 | ) |  | 10,644,059 |  |
|  |  | Accumulated depreciation and amortization | (1,190,170 | ) |  | 29,692 |  |  | (1,160,478 | ) |
|  | Real estate, net | 9,647,558 |  |  | (163,977 | ) |  | 9,483,581 |  |
|  | Investments in and advances to unconsolidated joint ventures | 9,205 |  |  | (4,034 | ) |  | 5,171 |  |
|  | Cash and cash equivalents | 113,915 |  |  | (18,583 | ) |  | 95,332 |  |
|  | Restricted cash | 75,457 |  |  | (610 | ) |  | 74,847 |  |
|  | Marketable securities | 22,104 |  |  | — |  |  | 22,104 |  |
|  | Receivables, net | 178,505 |  |  | (2,921 | ) |  | 175,584 |  |
|  | Deferred charges and prepaid expenses, net | 105,522 |  |  | (2,285 | ) |  | 103,237 |  |
|  | Other assets | 19,650 |  |  | (5,607 | ) |  | 14,043 |  |
| Total assets | $ | 10,171,916 |  |  | $ | (198,017 | ) |  | $ | 9,973,899 |  |
| Liabilities |  |  |  |  |  |
|  | Debt obligations, net | $ | 5,981,289 |  |  | $ | (15,982 | ) |  | $ | 5,965,307 |  |
|  | Financing liabilities, net | 175,111 |  |  | — |  |  | 175,111 |  |
|  | Accounts payable, accrued expenses and other liabilities | 709,529 |  |  | (8,034 | ) |  | 701,495 |  |
| Total liabilities | 6,865,929 |  |  | (24,016 | ) |  | 6,841,913 |  |
| Redeemable non-controlling interests | 21,467 |  |  | — |  |  | 21,467 |  |
| Commitments and contingencies | — |  |  | — |  |  | — |  |
| Equity |  |  |  |  |  |
|  | Common stock, $0.01 par value; authorized 3,000,000,000 shares; |  |  |  |  |  |
|  |  | 229,689,960 shares outstanding | 2,297 |  |  | — |  |  | 2,297 |  |
|  | Additional paid in capital | 2,543,690 |  |  | — |  |  | 2,543,690 |  |
|  | Accumulated other comprehensive loss | (6,812 | ) |  | — |  |  | (6,812 | ) |
|  | Distributions and accumulated losses | (196,707 | ) |  | — |  |  | (196,707 | ) |
| Total stockholders' equity | 2,342,468 |  |  | — |  |  | 2,342,468 |  |
|  | Non-controlling interests | 942,052 |  |  | (174,001 | ) |  | 768,051 |  |
| Total equity | 3,284,520 |  |  | (174,001 | ) |  | 3,110,519 |  |
| Total liabilities and equity | $ | 10,171,916 |  |  | $ | (198,017 | ) |  | $ | 9,973,899 |  |
(1) Reflects the impact of distributing the Excluded Properties as if the distribution was completed on December 31, 2013. |  |  |  |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 19 |

RECONCILIATION OF GAAP STATEMENTS OF OPERATIONS TO PRO FORMA
STATEMENTS OF OPERATIONS
Unaudited, dollars in thousands, except per share amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | Three Months Ended 9/30/13 |  | Nine Months Ended 9/30/14 |  | Nine Months Ended 9/30/13 |
|  |  |  |  | Actual Results |  | Adjustments (1) |  | Pro Forma |  | Actual Results |  | Adjustments (1) |  | Pro Forma |  | Actual Results |  | Adjustments (1) |  | Pro Forma |
| Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Rental income | $ | 223,225 |  |  | $ | 15,221 |  |  | $ | 238,446 |  |  | $ | 718,240 |  |  | $ | — |  |  | $ | 718,240 |  |  | $ | 654,079 |  |  | $ | 48,091 |  |  | $ | 702,170 |  |
|  | Expense reimbursements | 60,619 |  |  | 4,184 |  |  | 64,803 |  |  | 197,835 |  |  | — |  |  | 197,835 |  |  | 179,534 |  |  | 12,238 |  |  | 191,772 |  |
|  | Other revenues | 2,246 |  |  | 66 |  |  | 2,312 |  |  | 6,290 |  |  | — |  |  | 6,290 |  |  | 8,006 |  |  | 139 |  |  | 8,145 |  |
| Total revenues | 286,090 |  |  | 19,471 |  |  | 305,561 |  |  | 922,365 |  |  | — |  |  | 922,365 |  |  | 841,619 |  |  | 60,468 |  |  | 902,087 |  |
| Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Operating costs | 28,036 |  |  | 2,639 |  |  | 30,675 |  |  | 95,595 |  |  | — |  |  | 95,595 |  |  | 85,542 |  |  | 7,232 |  |  | 92,774 |  |
|  | Real estate taxes | 42,015 |  |  | 2,042 |  |  | 44,057 |  |  | 132,650 |  |  | — |  |  | 132,650 |  |  | 124,711 |  |  | 6,780 |  |  | 131,491 |  |
|  | Depreciation and amortization | 108,479 |  |  | 10,849 |  |  | 119,328 |  |  | 334,084 |  |  | — |  |  | 334,084 |  |  | 328,878 |  |  | 33,405 |  |  | 362,283 |  |
|  | Provision for doubtful accounts | 3,071 |  |  | 42 |  |  | 3,113 |  |  | 8,636 |  |  | — |  |  | 8,636 |  |  | 7,956 |  |  | 317 |  |  | 8,273 |  |
|  | Impairment of real estate assets | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,531 |  |  | — |  |  | 1,531 |  |
|  | General and administrative | 23,605 |  |  | (1,592 | ) |  | 22,013 |  |  | 59,221 |  |  | — |  |  | 59,221 |  |  | 65,386 |  |  | (1,043 | ) |  | 64,343 |  |
| Total operating expenses | 205,206 |  |  | 13,980 |  |  | 219,186 |  |  | 630,186 |  |  | — |  |  | 630,186 |  |  | 614,004 |  |  | 46,691 |  |  | 660,695 |  |
| Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Dividends and interest | 206 |  |  | 4 |  |  | 210 |  |  | 436 |  |  | — |  |  | 436 |  |  | 626 |  |  | 10 |  |  | 636 |  |
|  | Interest expense | (84,601 | ) |  | 10,579 |  |  | (74,022 | ) |  | (199,464 | ) |  | — |  |  | (199,464 | ) |  | (270,845 | ) |  | 51,885 |  |  | (218,960 | ) |
|  | Gain (loss) on sale of real estate assets and acquisition of joint venture interest | 1,502 |  |  | (1,143 | ) |  | 359 |  |  | 378 |  |  | — |  |  | 378 |  |  | 2,223 |  |  | (1,303 | ) |  | 920 |  |
|  | Gain (loss) on extinguishment of debt, net | (18,265 | ) |  | 18,512 |  |  | 247 |  |  | (2,573 | ) |  | — |  |  | (2,573 | ) |  | (17,783 | ) |  | 18,512 |  |  | 729 |  |
|  | Other | (3,429 | ) |  | 1,898 |  |  | (1,531 | ) |  | (5,335 | ) |  | — |  |  | (5,335 | ) |  | (8,098 | ) |  | 2,559 |  |  | (5,539 | ) |
| Total other income (expense) | (104,587 | ) |  | 29,850 |  |  | (74,737 | ) |  | (206,558 | ) |  | — |  |  | (206,558 | ) |  | (293,877 | ) |  | 71,663 |  |  | (222,214 | ) |
| Income (loss) before equity in income of unconsolidated joint ventures | (23,703 | ) |  | 35,341 |  |  | 11,638 |  |  | 85,621 |  |  | — |  |  | 85,621 |  |  | (66,262 | ) |  | 85,440 |  |  | 19,178 |  |
| Equity in income of unconsolidated joint ventures | 247 |  |  | (133 | ) |  | 114 |  |  | 248 |  |  | 68 |  |  | 316 |  |  | 1,001 |  |  | (483 | ) |  | 518 |  |
| Gain on disposition of investments in unconsolidated joint ventures | — |  |  | — |  |  | — |  |  | 1,820 |  |  | (1,820 | ) |  | — |  |  | — |  |  | — |  |  | — |  |
| Income (loss) from continuing operations | (23,456 | ) |  | 35,208 |  |  | 11,752 |  |  | 87,689 |  |  | (1,752 | ) |  | 85,937 |  |  | (65,261 | ) |  | 84,957 |  |  | 19,696 |  |
| Discontinued operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Income from discontinued operations | 184 |  |  | (184 | ) |  | — |  |  | 4,787 |  |  | (4,787 | ) |  | — |  |  | (892 | ) |  | 892 |  |  | — |  |
|  | Gain on disposition of operating properties | — |  |  | — |  |  | — |  |  | 14,426 |  |  | (14,426 | ) |  | — |  |  | 2,631 |  |  | (2,631 | ) |  | — |  |
|  | Impairment of real estate held for sale | (1,283 | ) |  | 1,283 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (43,323 | ) |  | 43,323 |  |  | — |  |
| Income (loss) from discontinued operations | (1,099 | ) |  | 1,099 |  |  | — |  |  | 19,213 |  |  | (19,213 | ) |  | — |  |  | (41,584 | ) |  | 41,584 |  |  | — |  |
| Net income (loss) | (24,555 | ) |  | 36,307 |  |  | 11,752 |  |  | 106,902 |  |  | (20,965 | ) |  | 85,937 |  |  | (106,845 | ) |  | 126,541 |  |  | 19,696 |  |
| Non-controlling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Net (income) loss attributable to non-controlling interests | 5,716 |  |  | (8,857 | ) |  | (3,141 | ) |  | (40,998 | ) |  | 21,015 |  |  | (19,983 | ) |  | 25,248 |  |  | (30,842 | ) |  | (5,594 | ) |
| Net income (loss) attributable to common stockholders | $ | (18,839 | ) |  | $ | 27,450 |  |  | $ | 8,611 |  |  | $ | 65,904 |  |  | $ | 50 |  |  | $ | 65,954 |  |  | $ | (81,597 | ) |  | $ | 95,699 |  |  | $ | 14,102 |  |
| Per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Income (loss) from continuing operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Basic | $ | (0.10 | ) |  | $ | 0.14 |  |  | $ | 0.04 |  |  | $ | 0.28 |  |  | $ | — |  |  | $ | 0.28 |  |  | $ | (0.28 | ) |  | $ | 0.34 |  |  | $ | 0.06 |  |
|  |  | Diluted | $ | (0.10 | ) |  | $ | 0.14 |  |  | $ | 0.04 |  |  | $ | 0.28 |  |  | $ | — |  |  | $ | 0.28 |  |  | $ | (0.28 | ) |  | $ | 0.34 |  |  | $ | 0.06 |  |
|  | Net income (loss) attributable to common stockholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Basic | $ | (0.10 | ) |  | $ | 0.14 |  |  | $ | 0.04 |  |  | $ | 0.28 |  |  | $ | — |  |  | $ | 0.28 |  |  | $ | (0.45 | ) |  | $ | 0.51 |  |  | $ | 0.06 |  |
|  |  | Diluted | $ | (0.10 | ) |  | $ | 0.14 |  |  | $ | 0.04 |  |  | $ | 0.28 |  |  | $ | — |  |  | $ | 0.28 |  |  | $ | (0.45 | ) |  | $ | 0.51 |  |  | $ | 0.06 |  |
|  | Weighted average number of vested common shares: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Basic | 180,675 |  |  | 47,438 |  |  | 228,113 |  |  | 233,781 |  |  | — |  |  | 233,781 |  |  | 180,675 |  |  | 47,438 |  |  | 228,113 |  |
|  |  | Diluted | 180,675 |  |  | 49,519 |  |  | 230,194 |  |  | 234,920 |  |  | — |  |  | 234,920 |  |  | 180,675 |  |  | 49,519 |  |  | 230,194 |  |
(1) Reflects the impact of the following transactions associated with the IPO including (i) the contribution of the Acquired Properties (ii) the distribution of the Excluded Properties (iii) the acquisition of |
the interest not already held in Arapahoe Crossings L.P. (iv) borrowings under the unsecured credit facility, including the use thereof and (v) the net proceeds from the IPO, including the use thereof. |
The pro forma adjustments for the three and nine months ended September 30, 2013 associated with these transactions assume that each transaction was completed as of January 1, 2013. The pro forma |  |
adjustments for the nine months ended September 30, 2014 associated with these transactions assume that each transaction was completed as of January 1, 2014. |  |  |  |  |  |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 20 |

| TRANSACTION SUMMARY
|  | Supplemental Disclosure Three Months Ended September 30, 2014 |

ACQUISITIONS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dollars in thousands |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| There were no acquisitions during the nine months ended September 30, 2014. |  |  |  |  |  |  |  |  |  |  |  |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 22 |

DISPOSITIONS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dollars in thousands |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Property Name |  | Property Type (1) |  | MSA |  |  |  | Sale Date |  | Sale Amount |  | Gain / (loss) |  | Cap- Rate |  | GLA / Acres |  | Percent Leased |
| Building at Sunrise Town Center | B |  | Miami-Fort Lauderdale-West Palm Beach, FL | 2/11/14 |  | $ | 3,000 |  |  | $ | 378 |  |  | — |  |  | 18,000 |  |  | — |  |
|  |  |  |  |  |  |  |  |  |  | 3,000 |  |  | 378 |  |  | — |  |  | 18,000 |  |  |  |
|  |  |  |  | TOTAL - NINE MONTHS ENDED 9/30/14 |  | $ | 3,000 |  |  | $ | 378 |  |  | — |  |  | 18,000 |  |  |  |
(1) B - Building. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 23 |

| IPO PORTFOLIO SUMMARY
|  | Supplemental Disclosure Three Months Ended September 30, 2014

PORTFOLIO OVERVIEW |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | As of: |  |  |  |
|  |  |  |  | 9/30/14 |  | 6/30/14 |  | 3/31/14 |  | 12/31/13 |  | 9/30/13 |  |  |  |
| Number of properties |  |  | 522 |  |  | 522 |  |  | 522 |  |  | 522 |  |  | 522 |  |  |  |  |
| GLA |  |  | 86,769,179 |  |  | 86,764,493 |  |  | 86,718,016 |  |  | 86,806,352 |  |  | 86,796,116 |  |  |  |  |
| Percent leased |  |  | 92.7 | % |  | 92.5 | % |  | 92.3 | % |  | 92.4 | % |  | 92.1 | % |  |  |  |
|  | TOTAL ≥ 10,000 SF |  |  | 97.0 | % |  | 97.0 | % |  | 96.7 | % |  | 97.1 | % |  | 96.9 | % |  |  |  |
|  | TOTAL < 10,000 SF |  |  | 82.6 | % |  | 82.1 | % |  | 81.9 | % |  | 81.6 | % |  | 80.9 | % |  |  |  |
| Percent billed |  |  | 90.8 | % |  | 90.5 | % |  | 90.5 | % |  | 90.7 | % |  | 90.2 | % |  |  |  |
| ABR |  |  |  | $ | 910,849,214 |  |  | $ | 903,423,457 |  |  | $ | 898,961,821 |  |  | $ | 895,080,953 |  |  | $ | 886,800,318 |  |  |  |  |
| ABR/SF |  |  | $ | 12.10 |  |  | $ | 12.04 |  |  | $ | 12.01 |  |  | $ | 11.93 |  |  | $ | 11.87 |  |  |  |  |
| Percent grocery anchored |  |  | 70 | % |  | 70 | % |  | 70 | % |  | 70 | % |  | 71 | % |  |  |  |
| Percent community shopping centers |  | 63 | % |  | 63 | % |  | 63 | % |  | 63 | % |  | 63 | % |  |  |  |
| Percent neighborhood shopping centers |  | 37 | % |  | 37 | % |  | 37 | % |  | 37 | % |  | 37 | % |  |  |  |
| PORTFOLIO BY UNIT SIZE AS OF 9/30/14 |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Number of Units |  | GLA |  | Percent Leased |  | Percent Billed |  | Percent of Vacant GLA |  | ABR |  | ABR/SF |  |
|  | ≥ 35,000 SF | 580 |  |  | 36,181,848 |  |  | 98.6 | % |  | 97.5 | % |  | 8.0 | % |  | $ | 273,034,781 |  |  | $ | 8.61 |  |  |
|  | 20,000 – 34,999 SF | 557 |  |  | 14,690,556 |  |  | 96.0 | % |  | 94.1 | % |  | 9.2 | % |  | 131,162,509 |  |  | 9.45 |  |  |
|  | 10,000 - 19,999 SF | 724 |  |  | 9,815,994 |  |  | 92.6 | % |  | 89.5 | % |  | 11.4 | % |  | 109,058,137 |  |  | 12.32 |  |  |
|  | 5,000 - 9,999 SF | 1,388 |  |  | 9,583,613 |  |  | 84.5 | % |  | 81.4 | % |  | 23.4 | % |  | 119,539,139 |  |  | 15.40 |  |  |
|  | < 5,000 SF | 8,025 |  |  | 16,497,168 |  |  | 81.5 | % |  | 79.4 | % |  | 48.0 | % |  | 278,054,648 |  |  | 21.24 |  |  |
|  | TOTAL | 11,274 |  |  | 86,769,179 |  |  | 92.7 | % |  | 90.8 | % |  | 100.0 | % |  | $ | 910,849,214 |  |  | $ | 12.10 |  |  |
|  | TOTAL ≥ 10,000 SF | 1,861 |  |  | 60,688,398 |  |  | 97.0 | % |  | 95.4 | % |  | 28.6 | % |  | $ | 513,255,427 |  |  | $ | 9.43 |  |  |
|  | TOTAL < 10,000 SF | 9,413 |  |  | 26,080,781 |  |  | 82.6 | % |  | 80.1 | % |  | 71.4 | % |  | 397,593,787 |  |  | 19.07 |  |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 25 |

TOP FORTY RETAILERS RANKED BY ABR |  |  |  |  |  |  |  |  |
|  |  | Retailer |  |  |  | Owned Leases |  | GLA |  | Percent of Portfolio GLA |  | ABR |  | Percent of Portfolio ABR |
|  | 1 | The Kroger Co. (1) |  |  |  | 68 |  |  | 4,376,981 |  |  | 5.0 | % |  | $ | 30,221,345 |  |  | 3.3 | % |
|  | 2 | The TJX Companies, Inc. (2) |  |  | 93 |  |  | 2,966,734 |  |  | 3.4 | % |  | 28,856,840 |  |  | 3.2 | % |
|  | 3 | Wal-Mart Stores, Inc. (3) |  |  |  | 29 |  |  | 3,523,320 |  |  | 4.1 | % |  | 17,190,002 |  |  | 1.9 | % |
|  | 4 | Publix Super Markets, Inc. (4) |  |  | 39 |  |  | 1,801,416 |  |  | 2.1 | % |  | 16,650,017 |  |  | 1.8 | % |
|  | 5 | Dollar Tree Stores, Inc. (5) |  |  |  | 130 |  |  | 1,503,953 |  |  | 1.7 | % |  | 15,249,041 |  |  | 1.7 | % |
|  | 6 | Ahold USA, Inc. (6) |  |  |  | 21 |  |  | 1,259,102 |  |  | 1.5 | % |  | 14,031,030 |  |  | 1.5 | % |
|  | 7 | Sears Holdings Corporation (7) |  |  | 26 |  |  | 2,400,905 |  |  | 2.8 | % |  | 10,770,439 |  |  | 1.2 | % |
|  | 8 | Office Depot, Inc. (8) |  |  |  | 41 |  |  | 940,798 |  |  | 1.1 | % |  | 9,877,718 |  |  | 1.1 | % |
|  | 9 | PetSmart, Inc. |  |  |  | 31 |  |  | 679,010 |  |  | 0.8 | % |  | 9,551,881 |  |  | 1.0 | % |
|  | 10 | Ross Stores, Inc. (9) |  |  |  | 30 |  |  | 844,474 |  |  | 1.0 | % |  | 9,118,572 |  |  | 1.0 | % |
|  |  | TOP 10 RETAILERS |  |  |  | 508 |  |  | 20,296,693 |  |  | 23.4 | % |  | 161,516,885 |  |  | 17.7 | % |
|  | 11 | Bed Bath & Beyond Inc. (10) |  |  | 30 |  |  | 729,787 |  |  | 0.8 | % |  | 9,116,697 |  |  | 1.0 | % |
|  | 12 | Best Buy Co., Inc. |  |  |  | 16 |  |  | 660,392 |  |  | 0.8 | % |  | 8,778,043 |  |  | 1.0 | % |
|  | 13 | Big Lots, Inc. |  |  |  | 45 |  |  | 1,448,043 |  |  | 1.7 | % |  | 8,525,582 |  |  | 0.9 | % |
|  | 14 | Burlington Stores, Inc. |  |  |  | 15 |  |  | 1,191,928 |  |  | 1.4 | % |  | 8,183,526 |  |  | 0.9 | % |
|  | 15 | Safeway Inc. (11) |  |  |  | 15 |  |  | 826,323 |  |  | 1.0 | % |  | 8,164,737 |  |  | 0.9 | % |
|  | 16 | Staples, Inc. |  |  |  | 31 |  |  | 680,559 |  |  | 0.8 | % |  | 7,894,788 |  |  | 0.9 | % |
|  | 17 | Kohl's Corporation |  |  |  | 12 |  |  | 1,002,491 |  |  | 1.2 | % |  | 7,190,141 |  |  | 0.8 | % |
|  | 18 | PETCO Animal Supplies, Inc. (12) |  |  | 33 |  |  | 452,093 |  |  | 0.5 | % |  | 6,943,567 |  |  | 0.8 | % |
|  | 19 | DICK'S Sporting Goods, Inc. (13) |  |  | 12 |  |  | 492,031 |  |  | 0.6 | % |  | 6,400,866 |  |  | 0.7 | % |
|  | 20 | Hobby Lobby Stores, Inc. |  |  |  | 16 |  |  | 943,615 |  |  | 1.1 | % |  | 6,122,108 |  |  | 0.7 | % |
|  |  | TOP 20 RETAILERS |  |  |  | 733 |  |  | 28,723,955 |  |  | 33.1 | % |  | 238,836,940 |  |  | 26.2 | % |
|  | 21 | Bi-Lo Holdings, LLC (14) |  |  |  | 17 |  |  | 791,373 |  |  | 0.9 | % |  | 5,976,067 |  |  | 0.7 | % |
|  | 22 | Ascena Retail Group, Inc. (15) |  |  | 56 |  |  | 344,968 |  |  | 0.4 | % |  | 5,958,510 |  |  | 0.7 | % |
|  | 23 | L.A. Fitness International, LLC |  |  | 9 |  |  | 390,095 |  |  | 0.4 | % |  | 5,811,724 |  |  | 0.6 | % |
|  | 24 | The Home Depot, Inc. |  |  |  | 8 |  |  | 799,388 |  |  | 0.9 | % |  | 5,544,521 |  |  | 0.6 | % |
|  | 25 | Michaels Stores, Inc. |  |  |  | 24 |  |  | 531,226 |  |  | 0.6 | % |  | 5,534,970 |  |  | 0.6 | % |
|  | 26 | H.E. Butt Grocery Company (16) |  |  | 8 |  |  | 510,551 |  |  | 0.6 | % |  | 5,471,054 |  |  | 0.6 | % |
|  | 27 | Party City Corporation |  |  |  | 31 |  |  | 383,495 |  |  | 0.4 | % |  | 5,217,182 |  |  | 0.6 | % |
|  | 28 | Giant Eagle, Inc. (17) |  |  |  | 7 |  |  | 555,560 |  |  | 0.6 | % |  | 5,126,734 |  |  | 0.6 | % |
|  | 29 | Stage Stores, Inc. (18) |  |  |  | 34 |  |  | 827,109 |  |  | 1.0 | % |  | 4,912,790 |  |  | 0.5 | % |
|  | 30 | Walgreen Co. |  |  |  | 21 |  |  | 300,253 |  |  | 0.3 | % |  | 4,835,891 |  |  | 0.5 | % |
|  | 31 | CVS Health |  |  |  | 23 |  |  | 299,440 |  |  | 0.3 | % |  | 4,787,844 |  |  | 0.5 | % |
|  | 32 | Albertsons LLC (19) |  |  |  | 8 |  |  | 456,420 |  |  | 0.5 | % |  | 4,714,445 |  |  | 0.5 | % |
|  | 33 | Barnes & Noble, Inc. |  |  |  | 12 |  |  | 258,663 |  |  | 0.3 | % |  | 4,459,215 |  |  | 0.5 | % |
|  | 34 | The Great Atlantic & Pacific Tea Company (20) |  |  | 7 |  |  | 330,480 |  |  | 0.4 | % |  | 4,396,267 |  |  | 0.5 | % |
|  | 35 | Jo-Ann Stores, Inc. |  |  |  | 22 |  |  | 422,528 |  |  | 0.5 | % |  | 4,280,468 |  |  | 0.5 | % |
|  | 36 | Toys"R"US, Inc. (21) |  |  |  | 13 |  |  | 477,284 |  |  | 0.6 | % |  | 4,244,320 |  |  | 0.5 | % |
|  | 37 | Wakefern Food Corporation (22) |  |  | 7 |  |  | 354,575 |  |  | 0.4 | % |  | 4,064,206 |  |  | 0.4 | % |
|  | 38 | Payless ShoeSource |  |  |  | 68 |  |  | 209,597 |  |  | 0.2 | % |  | 4,057,620 |  |  | 0.4 | % |
|  | 39 | Sally Beauty Holdings, Inc. |  |  |  | 116 |  |  | 194,775 |  |  | 0.2 | % |  | 4,020,276 |  |  | 0.4 | % |
|  | 40 | Delhaize America Inc. (23) |  |  |  | 13 |  |  | 477,158 |  |  | 0.5 | % |  | 4,013,418 |  |  | 0.4 | % |
|  |  | TOTAL TOP 40 RETAILERS |  |  | 1,237 |  |  | 37,638,893 |  |  | 43.4 | % |  | $ | 336,264,462 |  |  | 36.9 | % |
|  |  | Impact of Pending Transactions: |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Safeway Inc. and Albertsons LLC merger |  |  | 23 |  |  | 1,282,743 |  |  | 1.7 | % |  | $ | 12,879,182 |  |  | 1.4 | % |
(1) Includes Kroger (54), Harris Teeter (3), King Soopers (3), Ralphs (3), Smith's (2), |  | (9) Includes Ross Dress for Less (29) and dd's Discounts (1). |  |  | (18) Includes Bealls Outlet (12), Peebles (9), Bealls (6), Palais Royal (3),
Dillons (1), Food 4 Less (1) and Pay Less (1). |  |  | (10) Includes Bed Bath & Beyond (16), Harmon Face Values (6), Christmas Tree |  | Goody's (2), Stage (1) and Steele's and Deals (1).
(2) Includes T.J. Maxx (50), Marshalls (35) and HomeGoods (8). |  | Shops (4), World Market (3) and buybuy BABY (1). |  |  |  | (19) Includes Shaw's (3), Albertsons (2), Jewel-Osco (2) and Acme (1).
(3) Includes Supercenters (14), Discount Stores (9), Walmart Neighborhood |  | (11) Includes Vons (5), Randalls (4), Dominick's (3) and Tom Thumb (3). |  | (20) Includes A&P (3), Pathmark (2), Superfresh (1) and Waldbaum's (1).
Market (5) and Sam's Club (1). |  |  |  | (12) Includes PETCO (32) and Unleashed (1). |  |  |  | (21) Includes Babies"R"Us (8) and Toys"R"Us (5).
(4) Includes Publix (38) and Publix Sabor (1). |  |  | (13) Includes DICK'S Sporting Goods (9) and Golf Galaxy (3). |  |  | (22) Includes ShopRite (4) and PriceRite (3).
(5) Includes Dollar Tree (126), Deals (3) and Dollar Stop (1). |  |  | (14) Includes Winn-Dixie (9), BI-LO (5) and Harveys (3). |  |  |  | (23) Includes Food Lion (10), Hannaford (2) and Bottom Dollar Food (1).
(6) Includes Giant Food (10), Super Stop & Shop (7), Martin's Food Markets (2), |  | (15) Includes dressbarn (25), Catherines (11), Lane Bryant (8), Justice (7) and |  |  |  |  |
Stop & Shop (1) and Tops (1). |  |  |  | maurices (5). |  |  |  |  |  |  |  |  |
(7) Includes Kmart (23), Sears (2) and Sears Outlet (1). |  |  | (16) Includes H-E-B (7) and Central Market (1). |  |  |  |  |  |  |
(8) Includes Office Depot (22) and OfficeMax (19). |  |  | (17) Includes Giant Eagle (6) and Good Cents Grocery + More (1). |  |  |  |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 26 |

NEW & RENEWAL LEASE SUMMARY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  | Comparable Only |  | Renewal Rate (by count) |  | Renewal Rate (by GLA) |  |
|  |  |  |  | Leases |  | GLA |  | New ABR |  | New ABR/SF |  | Leases |  | GLA |  | New ABR/SF |  | Old ABR/SF |  | Rent Growth (1) |  |  |  |
|  | TOTAL - ALL LEASES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three months ended 9/30/14 | 535 |  |  | 3,352,890 |  |  | $ | 43,369,252 |  |  | $ | 12.93 |  |  | 415 |  |  | 3,023,596 |  |  | $ | 12.68 |  |  | $ | 11.14 |  |  | 13.9 | % |  | — |  |  | — |  |  |
|  | Three months ended 6/30/14 | 556 |  |  | 3,700,930 |  |  | 42,653,655 |  |  | 11.53 |  |  | 415 |  |  | 3,069,250 |  |  | 11.54 |  |  | 10.37 |  |  | 11.2 | % |  | — |  |  | — |  |  |
|  | Three months ended 3/31/14 | 525 |  |  | 2,936,680 |  |  | 38,070,170 |  |  | 12.96 |  |  | 392 |  |  | 2,512,983 |  |  | 12.72 |  |  | 11.43 |  |  | 11.3 | % |  | — |  |  | — |  |  |
|  | Three months ended 12/31/13 | 538 |  |  | 3,312,489 |  |  | 39,623,745 |  |  | 11.96 |  |  | 397 |  |  | 2,838,272 |  |  | 11.36 |  |  | 10.23 |  |  | 11.0 | % |  | — |  |  | — |  |  |
|  | TOTAL - TTM |  |  | 2,154 |  |  | 13,302,989 |  |  | $ | 163,716,822 |  |  | $ | 12.31 |  |  | 1,619 |  |  | 11,444,101 |  |  | $ | 12.05 |  |  | $ | 10.77 |  |  | 11.9 | % |  | — |  |  | — |  |  |
|  | NEW LEASES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three months ended 9/30/14 | 194 |  |  | 1,015,260 |  |  | $ | 13,402,637 |  |  | $ | 13.20 |  |  | 74 |  |  | 685,966 |  |  | $ | 12.19 |  |  | $ | 9.20 |  |  | 32.5 | % |  | — |  |  | — |  |  |
|  | Three months ended 6/30/14 | 214 |  |  | 1,094,245 |  |  | 13,698,310 |  |  | 12.52 |  |  | 73 |  |  | 462,565 |  |  | 13.95 |  |  | 10.96 |  |  | 27.3 | % |  | — |  |  | — |  |  |
|  | Three months ended 3/31/14 | 202 |  |  | 744,131 |  |  | 11,295,760 |  |  | 15.18 |  |  | 69 |  |  | 320,434 |  |  | 16.19 |  |  | 13.38 |  |  | 21.0 | % |  | — |  |  | — |  |  |
|  | Three months ended 12/31/13 | 199 |  |  | 859,397 |  |  | 12,926,819 |  |  | 15.04 |  |  | 58 |  |  | 385,180 |  |  | 14.36 |  |  | 11.51 |  |  | 24.8 | % |  | — |  |  | — |  |  |
|  | TOTAL - TTM |  |  | 809 |  |  | 3,713,033 |  |  | $ | 51,323,526 |  |  | $ | 13.82 |  |  | 274 |  |  | 1,854,145 |  |  | $ | 13.77 |  |  | $ | 10.84 |  |  | 27.1 | % |  | — |  |  | — |  |  |
|  | RENEWAL & OPTION LEASES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three months ended 9/30/14 | 341 |  |  | 2,337,630 |  |  | $ | 29,966,615 |  |  | $ | 12.82 |  |  | 341 |  |  | 2,337,630 |  |  | $ | 12.82 |  |  | $ | 11.70 |  |  | 9.5 | % |  | 76.2 | % |  | 82.1 | % |  |
|  | Three months ended 6/30/14 | 342 |  |  | 2,606,685 |  |  | 28,955,345 |  |  | 11.11 |  |  | 342 |  |  | 2,606,685 |  |  | 11.11 |  |  | 10.27 |  |  | 8.2 | % |  | 77.9 | % |  | 74.8 | % |  |
|  | Three months ended 3/31/14 | 323 |  |  | 2,192,549 |  |  | 26,774,410 |  |  | 12.21 |  |  | 323 |  |  | 2,192,549 |  |  | 12.21 |  |  | 11.15 |  |  | 9.5 | % |  | 79.6 | % |  | 84.2 | % |  |
|  | Three months ended 12/31/13 | 339 |  |  | 2,453,092 |  |  | 26,696,927 |  |  | 10.88 |  |  | 339 |  |  | 2,453,092 |  |  | 10.88 |  |  | 10.03 |  |  | 8.5 | % |  | 77.2 | % |  | 90.5 | % |  |
|  | TOTAL - TTM |  |  | 1,345 |  |  | 9,589,956 |  |  | $ | 112,393,297 |  |  | $ | 11.72 |  |  | 1,345 |  |  | 9,589,956 |  |  | $ | 11.72 |  |  | $ | 10.76 |  |  | 8.9 | % |  | 77.7 | % |  | 83.7 | % |  |
| RENT GROWTH BY TENANT SIZE |  |  |  |  |  |  |  |  |  |  | LEASES BY ANCHOR AND SMALL SHOP - THREE MONTHS ENDED 9/30/14 |  |  |  |
|  |  |  |  | Three Months Ended |  |  |  |  |  |  |  | % of Leases |  | % of GLA |  | % of ABR |  | New ABR/SF |  |
|  | TOTAL - ALL LEASES |  |  | 9/30/14 |  | 6/30/14 |  | 3/31/14 |  | 12/31/13 |  |  |  | Anchor Leases (≥ 10,000 SF) |  |  |  |  |  |  |  |  |
|  | ≥ 35,000 SF |  |  | 14.1 | % |  | 15.0 | % |  | 4.1 | % |  | 8.2 | % |  |  |  | Total - All leases |  |  | 13 | % |  | 64 | % |  | 47 | % |  | $ | 9.43 |  |  |
|  | 20,000 – 34,999 SF |  | 15.3 | % |  | 10.2 | % |  | 11.4 | % |  | 19.9 | % |  |  |  | New leases |  |  |  | 12 | % |  | 62 | % |  | 45 | % |  | 9.57 |  |  |
|  | 10,000 - 19,999 SF |  | 32.5 | % |  | 11.3 | % |  | 13.8 | % |  | 7.7 | % |  |  |  | Renewal leases |  |  | 13 | % |  | 65 | % |  | 48 | % |  | 9.38 |  |  |
|  | 5,000 - 9,999 SF |  |  | 9.8 | % |  | 13.8 | % |  | 12.5 | % |  | 15.6 | % |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | < 5,000 SF |  |  | 10.1 | % |  | 8.4 | % |  | 13.5 | % |  | 9.4 | % |  |  |  | Small Shop Leases (< 10,000 SF) |  |  |  |  |  |  |  |
|  | TOTAL |  |  | 13.9 | % |  | 11.2 | % |  | 11.3 | % |  | 11.0 | % |  |  |  | Total - All leases |  |  | 87 | % |  | 36 | % |  | 53 | % |  | $ | 19.23 |  |  |
|  | TOTAL ≥ 10,000 SF |  | 17.8 | % |  | 12.7 | % |  | 8.9 | % |  | 11.1 | % |  |  |  | New leases |  |  |  | 88 | % |  | 38 | % |  | 55 | % |  | 19.13 |  |  |
|  | TOTAL < 10,000 SF |  | 10.0 | % |  | 9.6 | % |  | 13.2 | % |  | 10.9 | % |  |  |  | Renewal leases |  |  | 87 | % |  | 35 | % |  | 52 | % |  | 19.28 |  |  |
(1) Cash. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 27 |

NEW LEASE NET EFFECTIVE RENT |  |  |  |  |  |  |  |  |
|  |  |  | Twelve Months Ended |  | Three Months Ended |
|  |  |  | 9/30/14 |  | 9/30/14 |  | 6/30/14 |  | 3/31/14 |  | 12/31/13 |
| NEW LEASES |  |  |  |  |  |  |  |  |  |  |
| Weighted average over lease term: |  |  |  |  |  |  |  |  |  |  |
|  | Base rent |  | $ | 14.43 |  |  | $ | 13.78 |  |  | $ | 13.00 |  |  | $ | 15.81 |  |  | $ | 15.84 |  |
|  | TI/TA allowance |  | (2.10 | ) |  | (2.18 | ) |  | (2.15 | ) |  | (2.10 | ) |  | (1.94 | ) |
|  | Landlord work |  | (0.45 | ) |  | (0.27 | ) |  | (0.37 | ) |  | (0.50 | ) |  | (0.71 | ) |
|  | Third party leasing commissions |  | (0.36 | ) |  | (0.37 | ) |  | (0.27 | ) |  | (0.38 | ) |  | (0.42 | ) |
|  | Rent concessions |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |
| EQUIVALENT NET EFFECTIVE RENT |  | $ | 11.52 |  |  | $ | 10.96 |  |  | $ | 10.21 |  |  | $ | 12.83 |  |  | $ | 12.77 |  |
| Net effective rent / base rent |  | 80 | % |  | 80 | % |  | 79 | % |  | 81 | % |  | 81 | % |
| Weighted average term (years) |  | 8.5 |  |  | 8.6 |  |  | 8.9 |  |  | 7.2 |  |  | 8.9 |  |
| PERCENT OF TOTAL EQUIVALENT NET EFFECTIVE RENT BY ANCHOR AND SMALL SHOP |  |  |  |  |
|  | ≥ 10,000 SF |  | 34 | % |  | 42 | % |  | 38 | % |  | 20 | % |  | 33 | % |
|  | < 10,000 SF |  | 66 | % |  | 58 | % |  | 62 | % |  | 80 | % |  | 67 | % |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 28 |

ANCHOR SPACE REPOSITIONING SUMMARY
Dollars in thousands |  |  |  |  |  |  |  |  |
|  | Property Name |  |  | MSA |  |  |  |  |  |  | Description |
|  | IN PROCESS ANCHOR SPACE REPOSITIONINGS |  |  |  |  |  |
| 1 |  | Bakersfield Plaza |  | Bakersfield, CA |  |  | Remerchandise former CVS with a 29K SF Ross Dress for Less |
| 2 |  | California Oaks Center |  | Riverside-San Bernardino-Ontario, CA |  |  | Remerchandise former Ralphs with a 19K SF Barons Market |
| 3 |  | Rose Pavilion |  |  | San Francisco-Oakland-Hayward, CA |  |  | Reconfigure former TGI Friday's outparcel with a 14K SF CVS with drive thru |
| 4 |  | Stratford Square |  | Bridgeport-Stamford-Norwalk, CT |  |  | Reconfigure former movie theatre with a 49K SF LA Fitness |
| 5 |  | Marketplace at Wycliffe |  | Miami-Fort Lauderdale-West Palm Beach, FL |  |  | Remerchandise former Winn-Dixie with a 45K SF Walmart Neighborhood Market |
| 6 |  | Park Shore Shopping Center |  | Naples-Immokalee-Marco Island, FL |  |  | Remerchandise former Kmart with a 60K SF Burlington Coat Factory, an additional 35K SF junior anchor and a 5K SF small shop space |
| 7 |  | Pointe Orlando |  |  | Orlando-Kissimmee-Sanford, FL |  |  | Addition of a 7K SF Blue Martini Lounge, a 6K SF RA Sushi and a 3K SF Minus 5 Ice Bar |
| 8 |  | Panama City Square |  | Panama City, FL |  |  | Remerchandise former Michaels with a 28K SF Harbor Freight Tools |
| 9 |  | Mansell Crossing |  | Atlanta-Sandy Springs-Roswell, GA |  |  | Remerchandise former OfficeMax with a 24K SF REI |
| 10 |  | The Village at Mableton |  | Atlanta-Sandy Springs-Roswell, GA |  |  | Remerchandise former Shoppes at Mableton with a 30K SF Ollie's Bargain Outlet |
| 11 |  | Westview Center |  | Chicago-Naperville-Elgin, IL-IN-WI |  |  | Relocation and expansion of existing Dollar Tree to 17K SF and rightsizing of Premiere Furniture to 12K SF to accommodate a 22K SF Sears Home Outlet |
| 12 |  | Karam Shopping Center |  | Lafayette, LA |  |  | Remerchandise former Conn's with a 21K SF dd's Discount (Ross Dress for Less) |
| 13 |  | Ellisville Square |  |  | St. Louis, MO-IL |  |  | Remerchandise former Kmart with a 40K SF Sports Authority, a 19K SF Michaels, a 16K SF Party City and a 4K SF outparcel |
| 14 |  | Hamilton Plaza-Kmart Plaza |  | Trenton, NJ |  |  | Reconfigure former Acme with a 19K SF Planet Fitness and a 13K SF Hibachi Grill |
| 15 |  | Kmart Plaza |  |  | Syracuse, NY |  |  | Remerchandise former Kmart with a 50K SF Dick's Sporting Goods, an additional 34K SF junior anchor, a 7K SF small shop space and a 6K SF outparcel |
| 16 |  | McMullen Creek Market |  | Charlotte-Concord-Gastonia, NC-SC |  |  | Reconfigure 25K SF Staples and adjacent vacant junior anchor with a 45K SF Walmart Neighborhood Market and relocate existing 6K SF Lebo's Footwear to enable rightsizing of Staples to 13K SF |
| 17 |  | Harpers Station |  |  | Cincinnati, OH-KY-IN |  |  | Remerchandise former Bova furniture with a 29K SF Fresh Thyme Farmers Market (Meijer) and combination of adjacent small shop vacancies for an 8K SF Pet Supplies Plus |
| 18 |  | Collegetown Shopping Center |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  |  | Reconfigure former Acme with a 42K SF LA Fitness and an additional 5K SF of retail space |
| 19 |  | Boyertown Shopping Center |  | Reading, PA |  |  | Addition of a 20K SF Tractor Supply Co. in remainder of former Ames space |
| 20 |  | Kingston Overlook |  | Knoxville, TN |  |  | Remerchandise former American Signature Home with a 53K SF Sears Home Outlet |
| 21 |  | Watson Glen Shopping Center |  | Nashville-Davidson--Murfreesboro--Franklin, TN |  |  | Remerchandise former Kmart with an 86K SF At Home (Garden Ridge) |
| 22 |  | Williamson Square |  | Nashville-Davidson--Murfreesboro--Franklin, TN |  |  | Remerchandise former grocer with a 29K SF SkyZone and a 17K SF Planet Fitness |
| 23 |  | Bardin Place Center |  | Dallas-Fort Worth-Arlington, TX |  |  | Reconfigure former Sports Authority and adjacent small shop space with an 86K SF WinCo Foods |
| 24 |  | Ridgeview Centre |  | — |  |  | Remerchandise former Kmart with a 29K SF Ollie's Bargain Outlet |
| 25 |  | Mequon Pavilions |  | Milwaukee-Waukesha-West Allis, WI |  |  | Combination of four adjacent small shop spaces for a 25K SF Marshalls and relocation of existing 5K SF Men's Wearhouse and 3K SF Fitness Together |
|  | COMPLETED ANCHOR SPACE REPOSITIONINGS - NINE MONTHS ENDED 9/30/14 |  |  |  |  |
| 1 |  | San Dimas Plaza |  | Los Angeles-Long Beach-Anaheim, CA |  |  | Addition of a 46K SF Smart & Final Extra! in former Ralphs (Kroger) |
| 2 |  | Westminster City Center |  | Denver-Aurora-Lakewood, CO |  |  | Reconfigure former Circuit City with a 26K SF Ross Dress for Less and a 23K SF Jo-Ann Fabrics and remerchandise vacant junior anchor with an 11K SF Ulta |
| 3 |  | The Manchester Collection |  | Hartford-West Hartford-East Hartford, CT |  |  | Remerchandise former Sports Authority with a 42K SF Hobby Lobby and reconfigure former Petco and adjacent vacancy with a 25K SF Ashley Furniture |
| 4 |  | Colonial Marketplace |  | Orlando-Kissimmee-Sanford, FL |  |  | Reconfigure former AC Moore and OfficeMax with a 60K SF Burlington Coat Factory |
| 5 |  | County Line Plaza |  | Jackson, MS |  |  | Remerchandise former Haverty's Furniture with a 43K SF Conn's |
| 6 |  | University Commons |  | Greenville, NC |  |  | Remerchandise a 29K SF former Circuit City with a 14K SF Petco, a 9K SF Kirkland's and a 6K SF Sleepy's |
| 7 |  | Midway Market Square |  | Cleveland-Elyria, OH |  |  | Remerchandise former furniture store with a 26K SF Jo-Ann Fabric & Craft Store |
| 8 |  | South Towne Centre |  | Dayton, OH |  |  | Combination of five adjacent small shop spaces for a 14K SF OfficeMax |
| 9 |  | County Line Plaza |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  |  | Rightsize existing 67K SF VF Outlet to 35K SF and demise remaining space for a 21K SF Bottom Dollar (Delhaize) and an additional retailer; remerchandise former Payless ShoeSource with a 4K SF Sherwin Williams and an existing outparcel with a 3K SF TD Bank |
| 10 |  | Pilgrim Gardens |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  |  | Remerchandise former Loehmann's with a 22K SF Ross Dress for Less |
| 11 |  | Dillsburg Shopping Center |  | York-Hanover, PA |  |  | Reconfigure former Giant Food (Ahold) to accommodate a 38K SF Tractor Supply and a 7K SF freestanding Advanced Auto Parts |
| 12 |  | Five Points |  |  | Corpus Christi, TX |  |  | Remerchandise shopping center with the addition of a 23K SF Burke's Outlet, a 16K SF Party City, a 13K SF PETCO, a 26K SF Ross Dress for Less and the expansion of Beall's to a 35K SF prototype |
| 13 |  | Hunting Hills |  |  | Roanoke, VA |  |  | Reconfigure former Walmart with a 101K SF Kohl’s and a 17K SF PetSmart and remerchandise small shop space with a 10K SF Dollar Tree and a 7K SF Rack Room Shoes |
| 2014 Anchor Space Repositionings: |  |  |  |  |  |  |
|  |  | Number of Projects |  | Expected Total Project Costs |  | NOI Yield |  |  |  |  |  |
|  | In Process | 25 |  | $ | 87,708 |  |  | 12.4 | % |  |  |  |  |  |
|  | Completed | 13 |  | 49,870 |  |  | 13.8 | % |  |  |  |  |  |
|  | TOTAL | 38 |  | $ | 137,579 |  |  | 12.9 | % |  |  |  |  |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 29 |

LEASE EXPIRATION SCHEDULE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | TOTAL PORTFOLIO |  | SPACES > 10,000 SF |  | SPACES < 10,000 SF |  |
|  |  |  | Number of |  |  |  | Percent of |  |  |  | Percent |  | Number of |  |  |  | Percent of |  |  |  | Percent |  | Number of |  |  |  | Percent of |  |  |  | Percent |  |
|  |  |  | Leases |  | Leased GLA |  | Leased GLA |  | ABR / SF |  | of ABR |  | Leases |  | Leased GLA |  | Leased GLA |  | ABR / SF |  | of ABR |  | Leases |  | Leased GLA |  | Leased GLA |  | ABR / SF |  | of ABR |  |
| ASSUMES NO EXERCISE OF RENEWAL OPTIONS AND NO BASE RENT ESCALATIONS OVER LEASE TERM
|  | Month to Month | 337 |  |  | 850,042 |  |  | 1.1 | % |  | $ | 13.41 |  |  | 1.3 | % |  | 9 |  |  | 134,331 |  |  | 0.2 | % |  | $ | 6.36 |  |  | 0.2 | % |  | 328 |  |  | 715,711 |  |  | 3.3 | % |  | $ | 14.73 |  |  | 2.7 | % |  |
|  | 2014 |  | 397 |  |  | 1,359,112 |  |  | 1.7 | % |  | 13.52 |  |  | 2.0 | % |  | 16 |  |  | 364,379 |  |  | 0.6 | % |  | 7.96 |  |  | 0.6 | % |  | 381 |  |  | 994,733 |  |  | 4.6 | % |  | 15.55 |  |  | 3.9 | % |  |
|  | 2015 |  | 1,510 |  |  | 9,741,456 |  |  | 12.1 | % |  | 10.77 |  |  | 11.5 | % |  | 222 |  |  | 6,566,752 |  |  | 11.2 | % |  | 7.80 |  |  | 10.0 | % |  | 1,288 |  |  | 3,174,704 |  |  | 14.7 | % |  | 16.90 |  |  | 13.5 | % |  |
|  | 2016 |  | 1,589 |  |  | 11,694,215 |  |  | 14.5 | % |  | 11.32 |  |  | 14.5 | % |  | 242 |  |  | 8,051,286 |  |  | 13.7 | % |  | 8.36 |  |  | 13.1 | % |  | 1,347 |  |  | 3,642,929 |  |  | 16.9 | % |  | 17.87 |  |  | 16.4 | % |  |
|  | 2017 |  | 1,558 |  |  | 10,542,532 |  |  | 13.1 | % |  | 12.03 |  |  | 13.9 | % |  | 229 |  |  | 7,096,511 |  |  | 12.1 | % |  | 8.69 |  |  | 12.0 | % |  | 1,329 |  |  | 3,446,021 |  |  | 16.0 | % |  | 18.90 |  |  | 16.4 | % |  |
|  | 2018 |  | 1,284 |  |  | 9,607,466 |  |  | 11.9 | % |  | 12.06 |  |  | 12.7 | % |  | 204 |  |  | 6,562,809 |  |  | 11.1 | % |  | 8.83 |  |  | 11.3 | % |  | 1,080 |  |  | 3,044,657 |  |  | 14.1 | % |  | 19.02 |  |  | 14.6 | % |  |
|  | 2019 |  | 1,139 |  |  | 9,791,672 |  |  | 12.2 | % |  | 11.18 |  |  | 12.0 | % |  | 214 |  |  | 7,187,596 |  |  | 12.2 | % |  | 8.41 |  |  | 11.8 | % |  | 925 |  |  | 2,604,076 |  |  | 12.1 | % |  | 18.83 |  |  | 12.3 | % |  |
|  | 2020 |  | 400 |  |  | 5,624,240 |  |  | 7.0 | % |  | 10.67 |  |  | 6.6 | % |  | 129 |  |  | 4,692,825 |  |  | 8.0 | % |  | 8.83 |  |  | 8.1 | % |  | 271 |  |  | 931,415 |  |  | 4.3 | % |  | 19.95 |  |  | 4.7 | % |  |
|  | 2021 |  | 253 |  |  | 3,390,724 |  |  | 4.2 | % |  | 11.13 |  |  | 4.1 | % |  | 89 |  |  | 2,787,693 |  |  | 4.7 | % |  | 9.45 |  |  | 5.1 | % |  | 164 |  |  | 603,031 |  |  | 2.8 | % |  | 18.86 |  |  | 2.9 | % |  |
|  | 2022 |  | 231 |  |  | 3,501,271 |  |  | 4.4 | % |  | 10.69 |  |  | 4.1 | % |  | 81 |  |  | 2,916,284 |  |  | 5.0 | % |  | 8.56 |  |  | 4.9 | % |  | 150 |  |  | 584,987 |  |  | 2.7 | % |  | 21.27 |  |  | 3.1 | % |  |
|  | 2023+ |  | 801 |  |  | 14,303,213 |  |  | 17.8 | % |  | 10.94 |  |  | 17.2 | % |  | 337 |  |  | 12,510,189 |  |  | 21.3 | % |  | 9.44 |  |  | 23.0 | % |  | 464 |  |  | 1,793,024 |  |  | 8.3 | % |  | 21.37 |  |  | 9.6 | % |  |
| ASSUMES EXERCISE OF ALL RENEWAL OPTIONS AND ANY BASE RENT ESCALATIONS OVER LEASE TERM (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Month to Month | 337 |  |  | 850,042 |  |  | 1.1 | % |  | $ | 13.92 |  |  | 1.0 | % |  | 9 |  |  | 134,331 |  |  | 0.2 | % |  | $ | 6.91 |  |  | 0.1 | % |  | 328 |  |  | 715,711 |  |  | 3.3 | % |  | $ | 15.23 |  |  | 2.5 | % |  |
|  | 2014 |  | 305 |  |  | 955,089 |  |  | 1.2 | % |  | 13.07 |  |  | 1.1 | % |  | 10 |  |  | 254,225 |  |  | 0.4 | % |  | 6.44 |  |  | 0.2 | % |  | 295 |  |  | 700,864 |  |  | 3.3 | % |  | 15.48 |  |  | 2.4 | % |  |
|  | 2015 |  | 1,024 |  |  | 3,645,043 |  |  | 4.5 | % |  | 13.12 |  |  | 4.0 | % |  | 70 |  |  | 1,449,412 |  |  | 2.5 | % |  | 7.68 |  |  | 1.5 | % |  | 954 |  |  | 2,195,631 |  |  | 10.2 | % |  | 16.71 |  |  | 8.3 | % |  |
|  | 2016 |  | 957 |  |  | 3,610,551 |  |  | 4.5 | % |  | 13.80 |  |  | 4.2 | % |  | 65 |  |  | 1,502,258 |  |  | 2.6 | % |  | 7.75 |  |  | 1.6 | % |  | 892 |  |  | 2,108,293 |  |  | 9.8 | % |  | 18.11 |  |  | 8.6 | % |  |
|  | 2017 |  | 971 |  |  | 3,426,594 |  |  | 4.3 | % |  | 14.65 |  |  | 4.2 | % |  | 54 |  |  | 1,265,725 |  |  | 2.2 | % |  | 8.25 |  |  | 1.4 | % |  | 917 |  |  | 2,160,869 |  |  | 10.0 | % |  | 18.40 |  |  | 9.0 | % |  |
|  | 2018 |  | 701 |  |  | 2,417,505 |  |  | 3.0 | % |  | 16.49 |  |  | 3.4 | % |  | 45 |  |  | 872,939 |  |  | 1.5 | % |  | 11.73 |  |  | 1.4 | % |  | 656 |  |  | 1,544,566 |  |  | 7.2 | % |  | 19.17 |  |  | 6.7 | % |  |
|  | 2019 |  | 676 |  |  | 2,924,546 |  |  | 3.6 | % |  | 14.18 |  |  | 3.5 | % |  | 54 |  |  | 1,350,391 |  |  | 2.3 | % |  | 9.46 |  |  | 1.7 | % |  | 622 |  |  | 1,574,155 |  |  | 7.3 | % |  | 18.23 |  |  | 6.5 | % |  |
|  | 2020 |  | 418 |  |  | 2,550,463 |  |  | 3.2 | % |  | 13.09 |  |  | 2.8 | % |  | 56 |  |  | 1,548,907 |  |  | 2.6 | % |  | 9.03 |  |  | 1.9 | % |  | 362 |  |  | 1,001,556 |  |  | 4.7 | % |  | 19.36 |  |  | 4.4 | % |  |
|  | 2021 |  | 379 |  |  | 1,870,993 |  |  | 2.3 | % |  | 15.52 |  |  | 2.5 | % |  | 37 |  |  | 856,346 |  |  | 1.5 | % |  | 10.06 |  |  | 1.2 | % |  | 342 |  |  | 1,014,647 |  |  | 4.7 | % |  | 20.14 |  |  | 4.6 | % |  |
|  | 2022 |  | 388 |  |  | 1,853,887 |  |  | 2.3 | % |  | 16.25 |  |  | 2.5 | % |  | 42 |  |  | 827,137 |  |  | 1.4 | % |  | 9.88 |  |  | 1.1 | % |  | 346 |  |  | 1,026,750 |  |  | 4.8 | % |  | 21.38 |  |  | 4.9 | % |  |
|  | 2023+ |  | 3,343 |  |  | 56,301,230 |  |  | 70.0 | % |  | 14.84 |  |  | 70.7 | % |  | 1,330 |  |  | 48,808,984 |  |  | 82.9 | % |  | 13.28 |  |  | 87.9 | % |  | 2,013 |  |  | 7,492,246 |  |  | 34.8 | % |  | 25.01 |  |  | 42.2 | % |  |
(1) ABR for leases whose future option rent is based on fair market value or CPI is reported as the ABR for the last year of the current lease term. |  |  |  |  |  |  |  |  |  |  |  |  |  |
ABR/SF includes ground leases. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 30 |

REDEVELOPMENT SUMMARY |  |  |  |  |  |  |  |  |  |  |
Dollars in thousands |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Construction |  | Expected |  |
|  |  |  |  |  |  |  | Percent |  | Stabilization |  | Percent |  | Total |  | NOI
|  | Property Name |  | MSA |  | Project Description |  | Leased |  | Quarter |  | Complete |  | Project Cost |  | Yield
| IN PROCESS REDEVELOPMENTS |  |  |  |  |  |  |  |  |  |  |  |  |
| 1 |  | Century Plaza Shopping Center (1) |  | Miami-Fort Lauderdale-West Palm Beach, FL |  | Construction of a new 13K SF CVS drive-thru pharmacy outparcel |  | 79.6 | % |  | Dec-16 |  | 7 | % |  | $ | 3,831 |  |  | 11.8 | %
| 2 |  | The Commons at Wolfcreek |  | Memphis, TN-MS-AR |  | Rightsizing of existing 50K SF Value City Furniture to 38K SF and remerchandise excess space and adjacent retail space with a 74K SF Academy Sports in a newly constructed building |  | 93.9 | % |  | Dec-14 |  | 92 | % |  | 7,862 |  |  | 10.8 | %
|  | TOTAL IN PROCESS REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE |  |  |  |  |  |  |  | 11,693 |  |  | 11.1 | %
| COMPLETED REDEVELOPMENTS - NINE MONTHS ENDED 9/30/14 |  |  |  |  |  |  |  |  |  |  |
| 1 |  | Florence Plaza - Florence Square |  | Cincinnati, OH-KY-IN |  | Redevelopment of former theatre and adjacent small shop space to accommodate a 124K SF Kroger Marketplace |  | 97.0 | % |  | Jun-14 |  | 100 | % |  | 6,604 |  |  | 10.0 | %
| 2 |  | Valley Crossing |  | Hickory-Lenoir-Morganton, NC |  | Redevelopment of north end of shopping center with a 71K SF Academy Sports, a 16K SF Harbor Freight Tools and one new junior anchor, as well as facade improvements |  | 100.0 | % |  | Jun-14 |  | 100 | % |  | 8,130 |  |  | 12.2 | %
|  | TOTAL COMPLETED REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE |  |  |  |  |  |  |  |  |  | 14,734 |  |  | 11.2 | %
|  | TOTAL REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE |  |  |  |  |  |  |  |  |  | $ | 26,427 |  |  | 11.2 | %
(1) Project started October 2014. |  |  |  |  |  |  |  |  |  |  |  |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 31 |

PROPERTIES BY LARGEST US MSAs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dollars in thousands except per square foot amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Percent of |  |  |  |  |
|  |  |  |  |  | Number of |  |  |  | Percent |  | Percent |  |  |  |  |  | Number of |  | Percent |  | Percent |
|  | Largest US MSAs by 2012 Population |  |  |  | Properties |  | GLA |  | Leased |  | Billed |  | ABR |  | ABR / SF |  | Properties |  | of GLA |  | of ABR |
| 1 |  | New York-Newark-Jersey City, NY-NJ-PA |  |  |  | 30 |  |  | 3,642,868 |  |  | 93.6 | % |  | 91.8 | % |  | $ | 59,741 |  |  | $ | 18.25 |  |  | 5.7 | % |  | 4.2 | % |  | 6.6 | % |
| 2 |  | Los Angeles-Long Beach-Anaheim, CA |  |  |  | 9 |  |  | 1,684,935 |  |  | 98.5 | % |  | 97.6 | % |  | 28,050 |  |  | 17.28 |  |  | 1.7 | % |  | 1.9 | % |  | 3.1 | % |
| 3 |  | Chicago-Naperville-Elgin, IL-IN-WI |  |  |  | 16 |  |  | 3,955,369 |  |  | 92.1 | % |  | 90.0 | % |  | 43,345 |  |  | 12.43 |  |  | 3.1 | % |  | 4.6 | % |  | 4.8 | % |
| 4 |  | Dallas-Fort Worth-Arlington, TX |  |  |  | 16 |  |  | 2,977,209 |  |  | 93.3 | % |  | 91.4 | % |  | 39,795 |  |  | 14.59 |  |  | 3.1 | % |  | 3.4 | % |  | 4.4 | % |
| 5 |  | Houston-The Woodlands-Sugar Land, TX |  |  |  | 38 |  |  | 4,655,502 |  |  | 95.4 | % |  | 94.8 | % |  | 47,615 |  |  | 11.05 |  |  | 7.3 | % |  | 5.4 | % |  | 5.2 | % |
| 6 |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  |  | 27 |  |  | 4,204,335 |  |  | 94.7 | % |  | 91.7 | % |  | 53,368 |  |  | 15.08 |  |  | 5.2 | % |  | 4.8 | % |  | 5.9 | % |
| 7 |  | Washington-Arlington-Alexandria, DC-VA-MD-WV |  |  | 3 |  |  | 451,260 |  |  | 97.3 | % |  | 97.3 | % |  | 4,653 |  |  | 10.59 |  |  | 0.6 | % |  | 0.5 | % |  | 0.5 | % |
| 8 |  | Miami-Fort Lauderdale-West Palm Beach, FL |  |  |  | 10 |  |  | 1,729,743 |  |  | 87.6 | % |  | 80.4 | % |  | 19,517 |  |  | 13.42 |  |  | 1.9 | % |  | 2.0 | % |  | 2.1 | % |
| 9 |  | Atlanta-Sandy Springs-Roswell, GA |  |  |  | 24 |  |  | 3,587,684 |  |  | 91.5 | % |  | 90.2 | % |  | 33,633 |  |  | 10.35 |  |  | 4.6 | % |  | 4.1 | % |  | 3.7 | % |
| 10 |  | Boston-Cambridge-Newton, MA-NH |  |  |  | 5 |  |  | 536,315 |  |  | 91.5 | % |  | 90.0 | % |  | 6,152 |  |  | 12.54 |  |  | 1.0 | % |  | 0.6 | % |  | 0.7 | % |
|  | Top 10 Largest US MSAs by Population |  |  |  | 178 |  |  | 27,425,220 |  |  | 93.5 | % |  | 91.5 | % |  | 335,869 |  |  | 13.66 |  |  | 34.1 | % |  | 31.6 | % |  | 36.9 | % |
| 11 |  | San Francisco-Oakland-Hayward, CA |  |  |  | 2 |  |  | 469,869 |  |  | 93.8 | % |  | 93.5 | % |  | 8,435 |  |  | 24.45 |  |  | 0.4 | % |  | 0.5 | % |  | 0.9 | % |
| 12 |  | Riverside-San Bernardino-Ontario, CA |  |  |  | 4 |  |  | 537,795 |  |  | 94.5 | % |  | 92.8 | % |  | 6,368 |  |  | 12.63 |  |  | 0.8 | % |  | 0.6 | % |  | 0.7 | % |
| 13 |  | Phoenix-Mesa-Scottsdale, AZ |  |  |  | 1 |  |  | 119,525 |  |  | 78.5 | % |  | 78.5 | % |  | 590 |  |  | 6.28 |  |  | 0.2 | % |  | 0.1 | % |  | 0.1 | % |
| 14 |  | Detroit-Warren-Dearborn, MI |  |  |  | 9 |  |  | 1,633,818 |  |  | 90.6 | % |  | 89.7 | % |  | 15,623 |  |  | 11.37 |  |  | 1.7 | % |  | 1.9 | % |  | 1.7 | % |
| 15 |  | Seattle-Tacoma-Bellevue, WA |  |  |  | 0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |
| 16 |  | Minneapolis-St. Paul-Bloomington, MN-WI |  |  |  | 8 |  |  | 1,191,459 |  |  | 90.0 | % |  | 89.0 | % |  | 12,559 |  |  | 12.48 |  |  | 1.5 | % |  | 1.4 | % |  | 1.4 | % |
| 17 |  | San Diego-Carlsbad, CA |  |  |  | 2 |  |  | 505,814 |  |  | 98.1 | % |  | 97.7 | % |  | 8,977 |  |  | 18.73 |  |  | 0.4 | % |  | 0.6 | % |  | 1.0 | % |
| 18 |  | Tampa-St. Petersburg-Clearwater, FL |  |  |  | 15 |  |  | 2,389,002 |  |  | 93.6 | % |  | 92.1 | % |  | 25,913 |  |  | 12.22 |  |  | 2.9 | % |  | 2.8 | % |  | 2.8 | % |
| 19 |  | St. Louis, MO-IL |  |  |  | 4 |  |  | 670,045 |  |  | 90.3 | % |  | 90.3 | % |  | 4,905 |  |  | 8.68 |  |  | 0.8 | % |  | 0.8 | % |  | 0.5 | % |
| 20 |  | Baltimore-Columbia-Towson, MD |  |  |  | 1 |  |  | 219,862 |  |  | 99.5 | % |  | 99.5 | % |  | 2,673 |  |  | 12.21 |  |  | 0.2 | % |  | 0.3 | % |  | 0.3 | % |
|  | Top 20 Largest US MSAs by Population |  |  |  | 224 |  |  | 35,162,409 |  |  | 93.3 | % |  | 91.5 | % |  | 421,911 |  |  | 13.48 |  |  | 42.9 | % |  | 40.5 | % |  | 46.3 | % |
| 21 |  | Denver-Aurora-Lakewood, CO |  |  |  | 5 |  |  | 1,199,699 |  |  | 96.2 | % |  | 94.7 | % |  | 13,998 |  |  | 12.19 |  |  | 1.0 | % |  | 1.4 | % |  | 1.5 | % |
| 22 |  | Pittsburgh, PA |  |  |  | 1 |  |  | 218,714 |  |  | 95.7 | % |  | 95.7 | % |  | 1,613 |  |  | 8.50 |  |  | 0.2 | % |  | 0.3 | % |  | 0.2 | % |
| 23 |  | Charlotte-Concord-Gastonia, NC-SC |  |  |  | 7 |  |  | 1,834,156 |  |  | 86.0 | % |  | 83.6 | % |  | 14,003 |  |  | 9.72 |  |  | 1.3 | % |  | 2.1 | % |  | 1.5 | % |
| 24 |  | Portland-Vancouver-Hillsboro, OR-WA |  |  |  | 0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |
| 25 |  | San Antonio-New Braunfels, TX |  |  |  | 0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |
| 26 |  | Orlando-Kissimmee-Sanford, FL |  |  |  | 7 |  |  | 996,317 |  |  | 92.3 | % |  | 84.2 | % |  | 14,888 |  |  | 16.55 |  |  | 1.3 | % |  | 1.1 | % |  | 1.6 | % |
| 27 |  | Sacramento--Roseville--Arden-Arcade, CA |  |  |  | 1 |  |  | 103,695 |  |  | 100.0 | % |  | 95.2 | % |  | 1,961 |  |  | 18.91 |  |  | 0.2 | % |  | 0.1 | % |  | 0.2 | % |
| 28 |  | Cincinnati, OH-KY-IN |  |  |  | 7 |  |  | 1,869,486 |  |  | 97.1 | % |  | 93.7 | % |  | 19,323 |  |  | 12.34 |  |  | 1.3 | % |  | 2.2 | % |  | 2.1 | % |
| 29 |  | Cleveland-Elyria, OH |  |  |  | 7 |  |  | 1,450,837 |  |  | 91.7 | % |  | 91.6 | % |  | 14,387 |  |  | 10.81 |  |  | 1.3 | % |  | 1.7 | % |  | 1.6 | % |
| 30 |  | Kansas City, MO-KS |  |  |  | 4 |  |  | 611,786 |  |  | 89.2 | % |  | 88.1 | % |  | 4,255 |  |  | 7.94 |  |  | 0.8 | % |  | 0.7 | % |  | 0.5 | % |
| 31 |  | Las Vegas-Henderson-Paradise, NV |  |  |  | 3 |  |  | 609,661 |  |  | 92.5 | % |  | 90.4 | % |  | 7,893 |  |  | 14.00 |  |  | 0.6 | % |  | 0.7 | % |  | 0.9 | % |
| 32 |  | Columbus, OH |  |  |  | 4 |  |  | 447,511 |  |  | 89.3 | % |  | 84.4 | % |  | 3,906 |  |  | 10.28 |  |  | 0.8 | % |  | 0.5 | % |  | 0.4 | % |
| 33 |  | Indianapolis-Carmel-Anderson, IN |  |  |  | 4 |  |  | 883,549 |  |  | 85.1 | % |  | 84.3 | % |  | 5,995 |  |  | 8.66 |  |  | 0.8 | % |  | 1.0 | % |  | 0.7 | % |
| 34 |  | San Jose-Sunnyvale-Santa Clara, CA |  |  |  | 0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |
| 35 |  | Austin-Round Rock, TX |  |  |  | 1 |  |  | 168,112 |  |  | 96.4 | % |  | 96.4 | % |  | 1,272 |  |  | 7.85 |  |  | 0.2 | % |  | 0.2 | % |  | 0.1 | % |
| 36 |  | Nashville-Davidson--Murfreesboro--Franklin, TN |  |  |  | 7 |  |  | 1,277,886 |  |  | 93.2 | % |  | 88.8 | % |  | 11,926 |  |  | 10.11 |  |  | 1.3 | % |  | 1.5 | % |  | 1.3 | % |
| 37 |  | Virginia Beach-Norfolk-Newport News, VA-NC |  |  |  | 2 |  |  | 205,245 |  |  | 100.0 | % |  | 100.0 | % |  | 3,365 |  |  | 16.52 |  |  | 0.4 | % |  | 0.2 | % |  | 0.4 | % |
| 38 |  | Providence-Warwick, RI-MA |  |  |  | 1 |  |  | 148,126 |  |  | 99.1 | % |  | 96.4 | % |  | 1,470 |  |  | 10.02 |  |  | 0.2 | % |  | 0.2 | % |  | 0.2 | % |
| 39 |  | Milwaukee-Waukesha-West Allis, WI |  |  |  | 4 |  |  | 715,954 |  |  | 92.9 | % |  | 87.4 | % |  | 6,649 |  |  | 9.99 |  |  | 0.8 | % |  | 0.8 | % |  | 0.7 | % |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 32 |

PROPERTIES BY LARGEST US MSAs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dollars in thousands except per square foot amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Percent of |  |  |  |  |
|  |  |  |  |  | Number of |  |  |  | Percent |  | Percent |  |  |  |  |  | Number of |  | Percent |  | Percent |
|  | Largest US MSAs by 2012 Population |  |  |  | Properties |  | GLA |  | Leased |  | Billed |  | ABR |  | ABR / SF |  | Properties |  | of GLA |  | of ABR |
| 40 |  | Jacksonville, FL |  |  |  | 5 |  |  | 827,528 |  |  | 84.8 | % |  | 81.3 | % |  | 8,491 |  |  | 12.20 |  |  | 1.0 | % |  | 1.0 | % |  | 0.9 | % |
| 41 |  | Memphis, TN-MS-AR |  |  |  | 1 |  |  | 658,121 |  |  | 93.9 | % |  | 82.7 | % |  | 7,486 |  |  | 12.33 |  |  | 0.2 | % |  | 0.8 | % |  | 0.8 | % |
| 42 |  | Oklahoma City, OK |  |  |  | 0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |
| 43 |  | Louisville/Jefferson County, KY-IN |  |  |  | 4 |  |  | 684,607 |  |  | 90.6 | % |  | 90.6 | % |  | 6,187 |  |  | 10.28 |  |  | 0.8 | % |  | 0.8 | % |  | 0.7 | % |
| 44 |  | Richmond, VA |  |  |  | 2 |  |  | 215,897 |  |  | 94.4 | % |  | 92.1 | % |  | 2,591 |  |  | 12.72 |  |  | 0.4 | % |  | 0.2 | % |  | 0.3 | % |
| 45 |  | New Orleans-Metairie, LA |  |  |  | 0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |
| 46 |  | Hartford-West Hartford-East Hartford, CT |  |  |  | 4 |  |  | 896,415 |  |  | 93.6 | % |  | 93.6 | % |  | 11,144 |  |  | 15.88 |  |  | 0.8 | % |  | 1.0 | % |  | 1.2 | % |
| 47 |  | Raleigh, NC |  |  |  | 2 |  |  | 291,027 |  |  | 96.8 | % |  | 96.8 | % |  | 3,581 |  |  | 15.41 |  |  | 0.4 | % |  | 0.3 | % |  | 0.4 | % |
| 48 |  | Birmingham-Hoover, AL |  |  |  | 0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |
| 49 |  | Buffalo-Cheektowaga-Niagara Falls, NY |  |  |  | 1 |  |  | 93,144 |  |  | 97.9 | % |  | 97.9 | % |  | 1,257 |  |  | 13.80 |  |  | 0.2 | % |  | 0.1 | % |  | 0.1 | % |
| 50 |  | Salt Lake City, UT |  |  |  | 0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |
|  | Top 50 Largest US MSAs by Population |  |  |  | 308 |  |  | 51,569,882 |  |  | 92.9 | % |  | 90.7 | % |  | 589,553 |  |  | 12.92 |  |  | 59.0 | % |  | 59.4 | % |  | 64.7 | % |
|  | MSAs Ranked 51 - 100 by Population |  |  |  | 68 |  |  | 11,824,410 |  |  | 90.8 | % |  | 89.4 | % |  | 112,358 |  |  | 11.37 |  |  | 13.0 | % |  | 13.6 | % |  | 12.3 | % |
|  | Other MSAs |  |  |  | 146 |  |  | 23,374,887 |  |  | 93.2 | % |  | 91.7 | % |  | 208,938 |  |  | 10.57 |  |  | 28.0 | % |  | 26.9 | % |  | 22.9 | % |
| TOTAL |  |  |  | 522 |  |  | 86,769,179 |  |  | 92.7 | % |  | 90.8 | % |  | $ | 910,849 |  |  | $ | 12.10 |  |  | 100.0 | % |  | 100.0 | % |  | 100.0 | % |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 33 |

LARGEST MSAs BY ABR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dollars in thousands except per square foot amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Percent of |  |  |  |  |
|  |  |  |  |  | Number of |  |  |  | Percent |  | Percent |  |  |  |  |  | Number of |  | Percent |  | Percent |
|  | Largest MSAs by ABR |  | MSA Rank |  | Properties |  | GLA |  | Leased |  | Billed |  | ABR |  | ABR / SF |  | Properties |  | of GLA |  | of ABR |
| 1 |  | New York-Newark-Jersey City, NY-NJ-PA |  | 1 |  | 30 |  |  | 3,642,868 |  |  | 93.6 | % |  | 91.8 | % |  | $ | 59,741 |  |  | $ | 18.25 |  |  | 5.7 | % |  | 4.2 | % |  | 6.6 | % |
| 2 |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | 6 |  | 27 |  |  | 4,204,335 |  |  | 94.7 | % |  | 91.7 | % |  | 53,368 |  |  | 15.08 |  |  | 5.2 | % |  | 4.8 | % |  | 5.9 | % |
| 3 |  | Houston-The Woodlands-Sugar Land, TX |  | 5 |  | 38 |  |  | 4,655,502 |  |  | 95.4 | % |  | 94.8 | % |  | 47,615 |  |  | 11.05 |  |  | 7.3 | % |  | 5.4 | % |  | 5.2 | % |
| 4 |  | Chicago-Naperville-Elgin, IL-IN-WI |  | 3 |  | 16 |  |  | 3,955,369 |  |  | 92.1 | % |  | 90.0 | % |  | 43,345 |  |  | 12.43 |  |  | 3.1 | % |  | 4.6 | % |  | 4.8 | % |
| 5 |  | Dallas-Fort Worth-Arlington, TX |  | 4 |  | 16 |  |  | 2,977,209 |  |  | 93.3 | % |  | 91.4 | % |  | 39,795 |  |  | 14.59 |  |  | 3.1 | % |  | 3.4 | % |  | 4.4 | % |
| 6 |  | Atlanta-Sandy Springs-Roswell, GA |  | 9 |  | 24 |  |  | 3,587,684 |  |  | 91.5 | % |  | 90.2 | % |  | 33,633 |  |  | 10.35 |  |  | 4.6 | % |  | 4.1 | % |  | 3.7 | % |
| 7 |  | Los Angeles-Long Beach-Anaheim, CA |  | 2 |  | 9 |  |  | 1,684,935 |  |  | 98.5 | % |  | 97.6 | % |  | 28,050 |  |  | 17.28 |  |  | 1.7 | % |  | 1.9 | % |  | 3.1 | % |
| 8 |  | Tampa-St. Petersburg-Clearwater, FL |  | 18 |  | 15 |  |  | 2,389,002 |  |  | 93.6 | % |  | 92.1 | % |  | 25,913 |  |  | 12.22 |  |  | 2.9 | % |  | 2.8 | % |  | 2.8 | % |
| 9 |  | Miami-Fort Lauderdale-West Palm Beach, FL |  | 8 |  | 10 |  |  | 1,729,743 |  |  | 87.6 | % |  | 80.4 | % |  | 19,517 |  |  | 13.42 |  |  | 1.9 | % |  | 2.0 | % |  | 2.1 | % |
| 10 |  | Cincinnati, OH-KY-IN |  | 28 |  | 7 |  |  | 1,869,486 |  |  | 97.1 | % |  | 93.7 | % |  | 19,323 |  |  | 12.34 |  |  | 1.3 | % |  | 2.2 | % |  | 2.1 | % |
|  | 10 Largest MSAs by ABR |  | — |  | 192 |  |  | 30,696,133 |  |  | 93.7 | % |  | 91.6 | % |  | 370,299 |  |  | 13.54 |  |  | 36.8 | % |  | 35.4 | % |  | 40.7 | % |
| 11 |  | Detroit-Warren-Dearborn, MI |  | 14 |  | 9 |  |  | 1,633,818 |  |  | 90.6 | % |  | 89.7 | % |  | 15,623 |  |  | 11.37 |  |  | 1.7 | % |  | 1.9 | % |  | 1.7 | % |
| 12 |  | Orlando-Kissimmee-Sanford, FL |  | 26 |  | 7 |  |  | 996,317 |  |  | 92.3 | % |  | 84.2 | % |  | 14,888 |  |  | 16.55 |  |  | 1.3 | % |  | 1.1 | % |  | 1.6 | % |
| 13 |  | Cleveland-Elyria, OH |  | 29 |  | 7 |  |  | 1,450,837 |  |  | 91.7 | % |  | 91.6 | % |  | 14,387 |  |  | 10.81 |  |  | 1.3 | % |  | 1.7 | % |  | 1.6 | % |
| 14 |  | Charlotte-Concord-Gastonia, NC-SC |  | 23 |  | 7 |  |  | 1,834,156 |  |  | 86.0 | % |  | 83.6 | % |  | 14,003 |  |  | 9.72 |  |  | 1.3 | % |  | 2.1 | % |  | 1.5 | % |
| 15 |  | Denver-Aurora-Lakewood, CO |  | 21 |  | 5 |  |  | 1,199,699 |  |  | 96.2 | % |  | 94.7 | % |  | 13,998 |  |  | 12.19 |  |  | 1.0 | % |  | 1.4 | % |  | 1.5 | % |
| 16 |  | Allentown-Bethlehem-Easton, PA-NJ |  | 68 |  | 5 |  |  | 1,298,479 |  |  | 97.9 | % |  | 96.4 | % |  | 13,308 |  |  | 11.12 |  |  | 1.0 | % |  | 1.5 | % |  | 1.5 | % |
| 17 |  | Minneapolis-St. Paul-Bloomington, MN-WI |  | 16 |  | 8 |  |  | 1,191,459 |  |  | 90.0 | % |  | 89.0 | % |  | 12,559 |  |  | 12.48 |  |  | 1.5 | % |  | 1.4 | % |  | 1.4 | % |
| 18 |  | Nashville-Davidson--Murfreesboro--Franklin, TN |  | 36 |  | 7 |  |  | 1,277,886 |  |  | 93.2 | % |  | 88.8 | % |  | 11,926 |  |  | 10.11 |  |  | 1.3 | % |  | 1.5 | % |  | 1.3 | % |
| 19 |  | Hartford-West Hartford-East Hartford, CT |  | 46 |  | 4 |  |  | 896,415 |  |  | 93.6 | % |  | 93.6 | % |  | 11,144 |  |  | 15.88 |  |  | 0.8 | % |  | 1.0 | % |  | 1.2 | % |
| 20 |  | Oxnard-Thousand Oaks-Ventura, CA |  | 66 |  | 3 |  |  | 677,512 |  |  | 97.4 | % |  | 97.0 | % |  | 10,316 |  |  | 15.87 |  |  | 0.6 | % |  | 0.8 | % |  | 1.1 | % |
|  | 20 Largest MSAs by ABR |  | — |  | 254 |  |  | 43,152,711 |  |  | 93.3 | % |  | 91.2 | % |  | 502,451 |  |  | 13.13 |  |  | 48.7 | % |  | 49.7 | % |  | 55.2 | % |
| 21 |  | Binghamton, NY |  | 185 |  | 4 |  |  | 751,207 |  |  | 98.9 | % |  | 97.6 | % |  | 9,666 |  |  | 13.02 |  |  | 0.8 | % |  | 0.9 | % |  | 1.1 | % |
| 22 |  | Naples-Immokalee-Marco Island, FL |  | 150 |  | 4 |  |  | 755,309 |  |  | 97.9 | % |  | 97.0 | % |  | 9,255 |  |  | 12.58 |  |  | 0.8 | % |  | 0.9 | % |  | 1.0 | % |
| 23 |  | San Diego-Carlsbad, CA |  | 17 |  | 2 |  |  | 505,814 |  |  | 98.1 | % |  | 97.7 | % |  | 8,977 |  |  | 18.73 |  |  | 0.4 | % |  | 0.6 | % |  | 1.0 | % |
| 24 |  | Jacksonville, FL |  | 40 |  | 5 |  |  | 827,528 |  |  | 84.8 | % |  | 81.3 | % |  | 8,491 |  |  | 12.20 |  |  | 1.0 | % |  | 1.0 | % |  | 0.9 | % |
| 25 |  | San Francisco-Oakland-Hayward, CA |  | 11 |  | 2 |  |  | 469,869 |  |  | 93.8 | % |  | 93.5 | % |  | 8,435 |  |  | 24.45 |  |  | 0.4 | % |  | 0.5 | % |  | 0.9 | % |
| 26 |  | Las Vegas-Henderson-Paradise, NV |  | 31 |  | 3 |  |  | 609,661 |  |  | 92.5 | % |  | 90.4 | % |  | 7,893 |  |  | 14.00 |  |  | 0.6 | % |  | 0.7 | % |  | 0.9 | % |
| 27 |  | Vallejo-Fairfield, CA |  | 123 |  | 1 |  |  | 490,407 |  |  | 97.9 | % |  | 97.5 | % |  | 7,650 |  |  | 16.01 |  |  | 0.2 | % |  | 0.6 | % |  | 0.8 | % |
| 28 |  | Memphis, TN-MS-AR |  | 41 |  | 1 |  |  | 658,121 |  |  | 93.9 | % |  | 82.7 | % |  | 7,486 |  |  | 12.33 |  |  | 0.2 | % |  | 0.8 | % |  | 0.8 | % |
| 29 |  | Fresno, CA |  | 56 |  | 2 |  |  | 436,334 |  |  | 97.8 | % |  | 93.3 | % |  | 7,268 |  |  | 17.04 |  |  | 0.4 | % |  | 0.5 | % |  | 0.8 | % |
| 30 |  | New Haven-Milford, CT |  | 62 |  | 6 |  |  | 572,225 |  |  | 89.3 | % |  | 88.3 | % |  | 7,124 |  |  | 13.94 |  |  | 1.1 | % |  | 0.7 | % |  | 0.8 | % |
| 31 |  | Port St. Lucie, FL |  | 117 |  | 5 |  |  | 637,470 |  |  | 81.4 | % |  | 81.0 | % |  | 6,961 |  |  | 13.41 |  |  | 1.0 | % |  | 0.7 | % |  | 0.8 | % |
| 32 |  | Norwich-New London, CT |  | 170 |  | 2 |  |  | 433,602 |  |  | 98.3 | % |  | 96.3 | % |  | 6,923 |  |  | 16.25 |  |  | 0.4 | % |  | 0.5 | % |  | 0.8 | % |
| 33 |  | Milwaukee-Waukesha-West Allis, WI |  | 39 |  | 4 |  |  | 715,954 |  |  | 92.9 | % |  | 87.4 | % |  | 6,649 |  |  | 9.99 |  |  | 0.8 | % |  | 0.8 | % |  | 0.7 | % |
| 34 |  | Riverside-San Bernardino-Ontario, CA |  | 12 |  | 4 |  |  | 537,795 |  |  | 94.5 | % |  | 92.8 | % |  | 6,368 |  |  | 12.63 |  |  | 0.8 | % |  | 0.6 | % |  | 0.7 | % |
| 35 |  | Worcester, MA-CT |  | 58 |  | 4 |  |  | 589,104 |  |  | 84.9 | % |  | 84.2 | % |  | 6,250 |  |  | 12.50 |  |  | 0.8 | % |  | 0.7 | % |  | 0.7 | % |
| 36 |  | Louisville/Jefferson County, KY-IN |  | 43 |  | 4 |  |  | 684,607 |  |  | 90.6 | % |  | 90.6 | % |  | 6,187 |  |  | 10.28 |  |  | 0.8 | % |  | 0.8 | % |  | 0.7 | % |
| 37 |  | Boston-Cambridge-Newton, MA-NH |  | 10 |  | 5 |  |  | 536,315 |  |  | 91.5 | % |  | 90.0 | % |  | 6,152 |  |  | 12.54 |  |  | 1.0 | % |  | 0.6 | % |  | 0.7 | % |
| 38 |  | Indianapolis-Carmel-Anderson, IN |  | 33 |  | 4 |  |  | 883,549 |  |  | 85.1 | % |  | 84.3 | % |  | 5,995 |  |  | 8.66 |  |  | 0.8 | % |  | 1.0 | % |  | 0.7 | % |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 34 |

LARGEST MSAs BY ABR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dollars in thousands except per square foot amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Percent of |  |  |  |  |
|  |  |  |  |  | Number of |  |  |  | Percent |  | Percent |  |  |  |  |  | Number of |  | Percent |  | Percent |
|  | Largest MSAs by ABR |  | MSA Rank |  | Properties |  | GLA |  | Leased |  | Billed |  | ABR |  | ABR / SF |  | Properties |  | of GLA |  | of ABR |
| 39 |  | Scranton--Wilkes-Barre--Hazleton, PA |  | 94 |  | 2 |  |  | 610,539 |  |  | 98.9 | % |  | 98.1 | % |  | 5,265 |  |  | 19.53 |  |  | 0.4 | % |  | 0.7 | % |  | 0.6 | % |
| 40 |  | Wilmington, NC |  | 175 |  | 2 |  |  | 379,107 |  |  | 97.7 | % |  | 96.3 | % |  | 5,009 |  |  | 13.67 |  |  | 0.4 | % |  | 0.4 | % |  | 0.5 | % |
| 41 |  | Springfield, MA |  | 85 |  | 3 |  |  | 456,737 |  |  | 95.7 | % |  | 95.7 | % |  | 4,989 |  |  | 13.47 |  |  | 0.6 | % |  | 0.5 | % |  | 0.5 | % |
| 42 |  | Ann Arbor, MI |  | 147 |  | 3 |  |  | 663,535 |  |  | 96.3 | % |  | 90.2 | % |  | 4,932 |  |  | 7.72 |  |  | 0.6 | % |  | 0.8 | % |  | 0.5 | % |
| 43 |  | St. Louis, MO-IL |  | 19 |  | 4 |  |  | 670,045 |  |  | 90.3 | % |  | 90.3 | % |  | 4,905 |  |  | 8.68 |  |  | 0.8 | % |  | 0.8 | % |  | 0.5 | % |
| 44 |  | College Station-Bryan, TX |  | 190 |  | 4 |  |  | 491,763 |  |  | 94.3 | % |  | 94.3 | % |  | 4,896 |  |  | 15.22 |  |  | 0.8 | % |  | 0.6 | % |  | 0.5 | % |
| 45 |  | Dayton, OH |  | 71 |  | 3 |  |  | 532,521 |  |  | 94.1 | % |  | 94.1 | % |  | 4,812 |  |  | 11.88 |  |  | 0.6 | % |  | 0.6 | % |  | 0.5 | % |
| 46 |  | Winston-Salem, NC |  | 81 |  | 3 |  |  | 438,898 |  |  | 93.3 | % |  | 93.3 | % |  | 4,779 |  |  | 12.05 |  |  | 0.6 | % |  | 0.5 | % |  | 0.5 | % |
| 47 |  | Washington-Arlington-Alexandria, DC-VA-MD-WV | 7 |  | 3 |  |  | 451,260 |  |  | 97.3 | % |  | 97.3 | % |  | 4,653 |  |  | 10.59 |  |  | 0.6 | % |  | 0.5 | % |  | 0.5 | % |
| 48 |  | North Port-Sarasota-Bradenton, FL |  | 74 |  | 4 |  |  | 556,862 |  |  | 90.7 | % |  | 90.4 | % |  | 4,629 |  |  | 9.25 |  |  | 0.8 | % |  | 0.6 | % |  | 0.5 | % |
| 49 |  | Greensboro-High Point, NC |  | 73 |  | 1 |  |  | 406,768 |  |  | 97.5 | % |  | 97.5 | % |  | 4,547 |  |  | 11.47 |  |  | 0.2 | % |  | 0.5 | % |  | 0.5 | % |
| 50 |  | Corpus Christi, TX |  | 115 |  | 4 |  |  | 565,070 |  |  | 84.1 | % |  | 83.2 | % |  | 4,434 |  |  | 11.39 |  |  | 0.8 | % |  | 0.7 | % |  | 0.5 | % |
|  | 50 Largest MSAs by ABR |  | — |  | 352 |  |  | 60,470,687 |  |  | 93.1 | % |  | 91.1 | % |  | 694,032 |  |  | 13.02 |  |  | 67.4 | % |  | 69.7 | % |  | 76.2 | % |
| 51 |  | Kansas City, MO-KS |  | 30 |  | 4 |  |  | 611,786 |  |  | 89.2 | % |  | 88.1 | % |  | 4,255 |  |  | 7.94 |  |  | 0.8 | % |  | 0.7 | % |  | 0.5 | % |
| 52 |  | Mobile, AL |  | 127 |  | 1 |  |  | 611,972 |  |  | 90.4 | % |  | 90.2 | % |  | 4,025 |  |  | 7.38 |  |  | 0.2 | % |  | 0.7 | % |  | 0.4 | % |
| 53 |  | Manchester-Nashua, NH |  | 131 |  | 2 |  |  | 348,189 |  |  | 97.3 | % |  | 97.3 | % |  | 3,987 |  |  | 19.09 |  |  | 0.4 | % |  | 0.4 | % |  | 0.4 | % |
| 54 |  | Columbus, OH |  | 32 |  | 4 |  |  | 447,511 |  |  | 89.3 | % |  | 84.4 | % |  | 3,906 |  |  | 10.28 |  |  | 0.8 | % |  | 0.5 | % |  | 0.4 | % |
| 55 |  | Pittsfield, MA |  | 312 |  | 1 |  |  | 442,578 |  |  | 99.9 | % |  | 99.9 | % |  | 3,795 |  |  | 19.50 |  |  | 0.2 | % |  | 0.5 | % |  | 0.4 | % |
| 56 |  | Boulder, CO |  | 161 |  | 1 |  |  | 278,790 |  |  | 85.3 | % |  | 82.8 | % |  | 3,738 |  |  | 15.72 |  |  | 0.2 | % |  | 0.3 | % |  | 0.4 | % |
| 57 |  | Roanoke, VA |  | 159 |  | 4 |  |  | 521,802 |  |  | 95.6 | % |  | 95.6 | % |  | 3,728 |  |  | 8.47 |  |  | 0.8 | % |  | 0.6 | % |  | 0.4 | % |
| 58 |  | Raleigh, NC |  | 47 |  | 2 |  |  | 291,027 |  |  | 96.8 | % |  | 96.8 | % |  | 3,581 |  |  | 15.41 |  |  | 0.4 | % |  | 0.3 | % |  | 0.4 | % |
| 59 |  | Panama City, FL |  | 225 |  | 2 |  |  | 397,512 |  |  | 97.8 | % |  | 97.8 | % |  | 3,419 |  |  | 8.79 |  |  | 0.4 | % |  | 0.5 | % |  | 0.4 | % |
| 60 |  | Charleston-North Charleston, SC |  | 78 |  | 3 |  |  | 556,809 |  |  | 80.2 | % |  | 75.0 | % |  | 3,419 |  |  | 7.71 |  |  | 0.6 | % |  | 0.6 | % |  | 0.4 | % |
| 61 |  | Virginia Beach-Norfolk-Newport News, VA-NC |  | 37 |  | 2 |  |  | 205,245 |  |  | 100.0 | % |  | 100.0 | % |  | 3,365 |  |  | 16.52 |  |  | 0.4 | % |  | 0.2 | % |  | 0.4 | % |
| 62 |  | Spartanburg, SC |  | 153 |  | 1 |  |  | 385,609 |  |  | 79.9 | % |  | 79.9 | % |  | 3,226 |  |  | 11.14 |  |  | 0.2 | % |  | 0.4 | % |  | 0.4 | % |
| 63 |  | Atlantic City-Hammonton, NJ |  | 167 |  | 1 |  |  | 179,199 |  |  | 99.1 | % |  | 94.5 | % |  | 3,155 |  |  | 17.77 |  |  | 0.2 | % |  | 0.2 | % |  | 0.3 | % |
| 64 |  | Jackson, MS |  | 92 |  | 3 |  |  | 406,316 |  |  | 78.5 | % |  | 78.5 | % |  | 3,154 |  |  | 10.04 |  |  | 0.6 | % |  | 0.5 | % |  | 0.3 | % |
| 65 |  | Bakersfield, CA |  | 63 |  | 1 |  |  | 240,328 |  |  | 97.4 | % |  | 97.4 | % |  | 3,152 |  |  | 13.71 |  |  | 0.2 | % |  | 0.3 | % |  | 0.3 | % |
| 66 |  | Saginaw, MI |  | 217 |  | 2 |  |  | 469,478 |  |  | 79.5 | % |  | 79.5 | % |  | 3,086 |  |  | 10.76 |  |  | 0.4 | % |  | 0.5 | % |  | 0.3 | % |
| 67 |  | Greenville, NC |  | 236 |  | 1 |  |  | 233,153 |  |  | 100.0 | % |  | 98.7 | % |  | 3,024 |  |  | 12.97 |  |  | 0.2 | % |  | 0.3 | % |  | 0.3 | % |
| 68 |  | Greenville-Anderson-Mauldin, SC |  | 65 |  | 2 |  |  | 220,723 |  |  | 95.3 | % |  | 95.3 | % |  | 3,022 |  |  | 14.37 |  |  | 0.4 | % |  | 0.3 | % |  | 0.3 | % |
| 69 |  | Lexington-Fayette, KY |  | 106 |  | 2 |  |  | 414,960 |  |  | 97.7 | % |  | 95.1 | % |  | 2,963 |  |  | 7.31 |  |  | 0.4 | % |  | 0.5 | % |  | 0.3 | % |
| 70 |  | Elkhart-Goshen, IN |  | 216 |  | 2 |  |  | 445,534 |  |  | 98.8 | % |  | 95.9 | % |  | 2,909 |  |  | 6.61 |  |  | 0.4 | % |  | 0.5 | % |  | 0.3 | % |
| 71 |  | Toledo, OH |  | 89 |  | 2 |  |  | 609,066 |  |  | 76.3 | % |  | 74.4 | % |  | 2,853 |  |  | 6.14 |  |  | 0.4 | % |  | 0.7 | % |  | 0.3 | % |
| 72 |  | Hilton Head Island-Bluffton-Beaufort, SC |  | 220 |  | 2 |  |  | 231,852 |  |  | 91.7 | % |  | 91.7 | % |  | 2,798 |  |  | 13.16 |  |  | 0.4 | % |  | 0.3 | % |  | 0.3 | % |
| 73 |  | Tullahoma-Manchester, TN |  | 377 |  | 3 |  |  | 433,744 |  |  | 95.8 | % |  | 95.8 | % |  | 2,765 |  |  | 6.66 |  |  | 0.6 | % |  | 0.5 | % |  | 0.3 | % |
| 74 |  | Odessa, TX |  | 288 |  | 1 |  |  | 365,559 |  |  | 100.0 | % |  | 100.0 | % |  | 2,730 |  |  | 11.95 |  |  | 0.2 | % |  | 0.4 | % |  | 0.3 | % |
| 75 |  | Baltimore-Columbia-Towson, MD |  | 20 |  | 1 |  |  | 219,862 |  |  | 99.5 | % |  | 99.5 | % |  | 2,673 |  |  | 12.21 |  |  | 0.2 | % |  | 0.3 | % |  | 0.3 | % |
| 76 |  | Traverse City, MI |  | 285 |  | 1 |  |  | 412,755 |  |  | 96.9 | % |  | 96.9 | % |  | 2,646 |  |  | 27.57 |  |  | 0.2 | % |  | 0.5 | % |  | 0.3 | % |
| 77 |  | Portland-South Portland, ME |  | 104 |  | 2 |  |  | 391,746 |  |  | 92.7 | % |  | 92.7 | % |  | 2,598 |  |  | 13.34 |  |  | 0.4 | % |  | 0.5 | % |  | 0.3 | % |
| 78 |  | Richmond, VA |  | 44 |  | 2 |  |  | 215,897 |  |  | 94.4 | % |  | 92.1 | % |  | 2,591 |  |  | 12.72 |  |  | 0.4 | % |  | 0.2 | % |  | 0.3 | % |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 35 |

LARGEST MSAs BY ABR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dollars in thousands except per square foot amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Percent of |  |  |  |  |
|  |  |  |  |  | Number of |  |  |  | Percent |  | Percent |  |  |  |  |  | Number of |  | Percent |  | Percent |
|  | Largest MSAs by ABR |  | MSA Rank |  | Properties |  | GLA |  | Leased |  | Billed |  | ABR |  | ABR / SF |  | Properties |  | of GLA |  | of ABR |
| 79 |  | Lafayette, LA |  | 108 |  | 3 |  |  | 433,329 |  |  | 94.0 | % |  | 89.2 | % |  | 2,507 |  |  | 6.15 |  |  | 0.6 | % |  | 0.5 | % |  | 0.3 | % |
| 80 |  | Savannah, GA |  | 145 |  | 2 |  |  | 210,557 |  |  | 87.0 | % |  | 86.5 | % |  | 2,502 |  |  | 13.86 |  |  | 0.4 | % |  | 0.2 | % |  | 0.3 | % |
| 81 |  | Des Moines-West Des Moines, IA |  | 91 |  | 2 |  |  | 511,277 |  |  | 83.9 | % |  | 83.9 | % |  | 2,467 |  |  | 6.96 |  |  | 0.4 | % |  | 0.6 | % |  | 0.3 | % |
| 82 |  | Blacksburg-Christiansburg-Radford, VA |  | 231 |  | 1 |  |  | 180,220 |  |  | 98.9 | % |  | 98.3 | % |  | 2,454 |  |  | 14.00 |  |  | 0.2 | % |  | 0.2 | % |  | 0.3 | % |
| 83 |  | Chattanooga, TN-GA |  | 99 |  | 2 |  |  | 339,426 |  |  | 96.2 | % |  | 95.7 | % |  | 2,404 |  |  | 7.99 |  |  | 0.4 | % |  | 0.4 | % |  | 0.3 | % |
| 84 |  | Fort Wayne, IN |  | 122 |  | 2 |  |  | 254,101 |  |  | 80.5 | % |  | 80.5 | % |  | 2,377 |  |  | 13.59 |  |  | 0.4 | % |  | 0.3 | % |  | 0.3 | % |
| 85 |  | Lancaster, PA |  | 101 |  | 3 |  |  | 236,006 |  |  | 94.3 | % |  | 94.3 | % |  | 2,340 |  |  | 10.51 |  |  | 0.6 | % |  | 0.3 | % |  | 0.3 | % |
| 86 |  | Dover, DE |  | 245 |  | 1 |  |  | 191,974 |  |  | 100.0 | % |  | 98.3 | % |  | 2,252 |  |  | 11.73 |  |  | 0.2 | % |  | 0.2 | % |  | 0.2 | % |
| 87 |  | Merced, CA |  | 176 |  | 1 |  |  | 144,444 |  |  | 94.1 | % |  | 86.4 | % |  | 2,128 |  |  | 15.66 |  |  | 0.2 | % |  | 0.2 | % |  | 0.2 | % |
| 88 |  | Altoona, PA |  | 319 |  | 1 |  |  | 279,746 |  |  | 93.9 | % |  | 89.6 | % |  | 2,037 |  |  | 7.75 |  |  | 0.2 | % |  | 0.3 | % |  | 0.2 | % |
| 89 |  | Durham-Chapel Hill, NC |  | 102 |  | 2 |  |  | 182,828 |  |  | 96.1 | % |  | 95.7 | % |  | 2,034 |  |  | 11.99 |  |  | 0.4 | % |  | 0.2 | % |  | 0.2 | % |
| 90 |  | Corning, NY |  | 379 |  | 1 |  |  | 253,335 |  |  | 100.0 | % |  | 100.0 | % |  | 2,025 |  |  | 7.99 |  |  | 0.2 | % |  | 0.3 | % |  | 0.2 | % |
| 91 |  | Davenport-Moline-Rock Island, IA-IL |  | 135 |  | 3 |  |  | 290,643 |  |  | 93.7 | % |  | 92.8 | % |  | 2,021 |  |  | 7.42 |  |  | 0.6 | % |  | 0.3 | % |  | 0.2 | % |
| 92 |  | Sacramento--Roseville--Arden-Arcade, CA |  | 27 |  | 1 |  |  | 103,695 |  |  | 100.0 | % |  | 95.2 | % |  | 1,961 |  |  | 18.91 |  |  | 0.2 | % |  | 0.1 | % |  | 0.2 | % |
| 93 |  | Hickory-Lenoir-Morganton, NC |  | 144 |  | 2 |  |  | 295,970 |  |  | 78.6 | % |  | 68.8 | % |  | 1,932 |  |  | 8.31 |  |  | 0.4 | % |  | 0.3 | % |  | 0.2 | % |
| 94 |  | York-Hanover, PA |  | 114 |  | 1 |  |  | 153,088 |  |  | 100.0 | % |  | 95.5 | % |  | 1,913 |  |  | 12.73 |  |  | 0.2 | % |  | 0.2 | % |  | 0.2 | % |
| 95 |  | Santa Maria-Santa Barbara, CA |  | 119 |  | 1 |  |  | 179,495 |  |  | 96.4 | % |  | 96.4 | % |  | 1,903 |  |  | 11.89 |  |  | 0.2 | % |  | 0.2 | % |  | 0.2 | % |
| 96 |  | Concord, NH |  | 282 |  | 1 |  |  | 182,887 |  |  | 100.0 | % |  | 100.0 | % |  | 1,898 |  |  | 10.62 |  |  | 0.2 | % |  | 0.2 | % |  | 0.2 | % |
| 97 |  | Duluth, MN-WI |  | 166 |  | 1 |  |  | 182,969 |  |  | 99.3 | % |  | 98.6 | % |  | 1,895 |  |  | 10.43 |  |  | 0.2 | % |  | 0.2 | % |  | 0.2 | % |
| 98 |  | Rutland, VT |  | 519 |  | 1 |  |  | 224,514 |  |  | 97.7 | % |  | 97.7 | % |  | 1,879 |  |  | 8.57 |  |  | 0.2 | % |  | 0.3 | % |  | 0.2 | % |
| 99 |  | Springfield, IL |  | 206 |  | 2 |  |  | 178,644 |  |  | 93.0 | % |  | 93.0 | % |  | 1,817 |  |  | 10.94 |  |  | 0.4 | % |  | 0.2 | % |  | 0.2 | % |
| 100 |  | Tulsa, OK |  | 55 |  | 1 |  |  | 186,851 |  |  | 100.0 | % |  | 100.0 | % |  | 1,760 |  |  | 9.42 |  |  | 0.2 | % |  | 0.2 | % |  | 0.2 | % |
|  | 100 Largest MSAs by ABR |  | — |  | 442 |  |  | 76,255,688 |  |  | 92.9 | % |  | 91.0 | % |  | 831,104 |  |  | 12.51 |  |  | 84.7 | % |  | 87.9 | % |  | 91.2 | % |
|  | Other MSAs |  | — |  | 80 |  |  | 10,513,491 |  |  | 91.1 | % |  | 89.1 | % |  | 79,745 |  |  | 9.01 |  |  | 15.3 | % |  | 12.1 | % |  | 8.8 | % |
| TOTAL |  | — |  | 522 |  |  | 86,769,179 |  |  | 92.7 | % |  | 90.8 | % |  | $ | 910,849 |  |  | $ | 12.10 |  |  | 100.0 | % |  | 100.0 | % |  | 100.0 | % |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 36 |

PROPERTIES BY STATE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dollars in thousands except per square foot amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Percent of |  |  |  |  |
|  |  |  | Number of |  |  |  | Percent |  | Percent |  |  |  |  |  | Number of |  | Percent |  | Percent |
|  | State |  | Properties |  | GLA |  | Leased |  | Billed |  | ABR |  | ABR / SF |  | Properties |  | of GLA |  | of ABR |
| 1 |  | Alabama |  | 4 |  |  | 989,814 |  |  | 93.0 | % |  | 92.9 | % |  | $ | 7,274 |  |  | $ | 7.97 |  |  | 0.8 | % |  | 1.1 | % |  | 0.8 | % |
| 2 |  | Arizona |  | 2 |  |  | 288,110 |  |  | 85.7 | % |  | 82.9 | % |  | 2,047 |  |  | 8.29 |  |  | 0.4 | % |  | 0.3 | % |  | 0.2 | % |
| 3 |  | California |  | 29 |  |  | 5,768,266 |  |  | 97.2 | % |  | 96.0 | % |  | 88,169 |  |  | 16.38 |  |  | 5.6 | % |  | 6.6 | % |  | 9.7 | % |
| 4 |  | Colorado |  | 6 |  |  | 1,478,489 |  |  | 94.1 | % |  | 92.5 | % |  | 17,736 |  |  | 12.80 |  |  | 1.1 | % |  | 1.7 | % |  | 1.9 | % |
| 5 |  | Connecticut |  | 15 |  |  | 2,266,237 |  |  | 93.1 | % |  | 92.3 | % |  | 28,633 |  |  | 14.58 |  |  | 2.9 | % |  | 2.6 | % |  | 3.1 | % |
| 6 |  | Delaware |  | 1 |  |  | 191,974 |  |  | 100.0 | % |  | 98.3 | % |  | 2,252 |  |  | 11.73 |  |  | 0.2 | % |  | 0.2 | % |  | 0.2 | % |
| 7 |  | Florida |  | 58 |  |  | 9,035,741 |  |  | 90.8 | % |  | 87.6 | % |  | 100,009 |  |  | 12.60 |  |  | 11.1 | % |  | 10.4 | % |  | 11.0 | % |
| 8 |  | Georgia |  | 37 |  |  | 5,264,025 |  |  | 89.3 | % |  | 88.4 | % |  | 44,601 |  |  | 9.57 |  |  | 7.1 | % |  | 6.1 | % |  | 4.9 | % |
| 9 |  | Illinois |  | 24 |  |  | 4,791,232 |  |  | 92.1 | % |  | 90.2 | % |  | 49,786 |  |  | 11.84 |  |  | 4.6 | % |  | 5.5 | % |  | 5.5 | % |
| 10 |  | Indiana |  | 12 |  |  | 1,966,959 |  |  | 88.7 | % |  | 87.6 | % |  | 14,746 |  |  | 8.90 |  |  | 2.3 | % |  | 2.3 | % |  | 1.6 | % |
| 11 |  | Iowa |  | 5 |  |  | 783,917 |  |  | 87.3 | % |  | 86.9 | % |  | 4,529 |  |  | 7.43 |  |  | 1.0 | % |  | 0.9 | % |  | 0.5 | % |
| 12 |  | Kansas |  | 2 |  |  | 376,292 |  |  | 86.8 | % |  | 86.5 | % |  | 2,827 |  |  | 11.32 |  |  | 0.4 | % |  | 0.4 | % |  | 0.3 | % |
| 13 |  | Kentucky |  | 12 |  |  | 2,520,021 |  |  | 96.2 | % |  | 95.6 | % |  | 20,236 |  |  | 8.95 |  |  | 2.3 | % |  | 2.9 | % |  | 2.2 | % |
| 14 |  | Louisiana |  | 4 |  |  | 612,368 |  |  | 95.1 | % |  | 91.7 | % |  | 3,584 |  |  | 6.15 |  |  | 0.8 | % |  | 0.7 | % |  | 0.4 | % |
| 15 |  | Maine |  | 2 |  |  | 391,746 |  |  | 92.7 | % |  | 92.7 | % |  | 2,598 |  |  | 13.34 |  |  | 0.4 | % |  | 0.5 | % |  | 0.3 | % |
| 16 |  | Maryland |  | 5 |  |  | 777,424 |  |  | 97.4 | % |  | 96.7 | % |  | 9,560 |  |  | 12.68 |  |  | 1.0 | % |  | 0.9 | % |  | 1.0 | % |
| 17 |  | Massachusetts |  | 10 |  |  | 1,709,273 |  |  | 92.8 | % |  | 92.7 | % |  | 18,623 |  |  | 14.64 |  |  | 1.9 | % |  | 2.0 | % |  | 2.0 | % |
| 18 |  | Michigan |  | 19 |  |  | 3,743,903 |  |  | 89.9 | % |  | 88.1 | % |  | 31,014 |  |  | 10.89 |  |  | 3.6 | % |  | 4.3 | % |  | 3.4 | % |
| 19 |  | Minnesota |  | 10 |  |  | 1,485,108 |  |  | 89.9 | % |  | 89.0 | % |  | 15,005 |  |  | 11.82 |  |  | 1.9 | % |  | 1.7 | % |  | 1.6 | % |
| 20 |  | Mississippi |  | 3 |  |  | 406,316 |  |  | 78.5 | % |  | 78.5 | % |  | 3,154 |  |  | 10.04 |  |  | 0.6 | % |  | 0.5 | % |  | 0.3 | % |
| 21 |  | Missouri |  | 6 |  |  | 874,795 |  |  | 93.1 | % |  | 92.4 | % |  | 6,118 |  |  | 7.63 |  |  | 1.1 | % |  | 1.0 | % |  | 0.7 | % |
| 22 |  | Nevada |  | 3 |  |  | 609,661 |  |  | 92.5 | % |  | 90.4 | % |  | 7,893 |  |  | 14.00 |  |  | 0.6 | % |  | 0.7 | % |  | 0.9 | % |
| 23 |  | New Hampshire |  | 5 |  |  | 769,577 |  |  | 95.2 | % |  | 94.1 | % |  | 7,940 |  |  | 13.27 |  |  | 1.0 | % |  | 0.9 | % |  | 0.9 | % |
| 24 |  | New Jersey |  | 17 |  |  | 2,982,933 |  |  | 93.8 | % |  | 88.9 | % |  | 39,489 |  |  | 15.17 |  |  | 3.3 | % |  | 3.4 | % |  | 4.3 | % |
| 25 |  | New Mexico |  | 2 |  |  | 83,800 |  |  | 100.0 | % |  | 100.0 | % |  | 919 |  |  | 10.97 |  |  | 0.4 | % |  | 0.1 | % |  | 0.1 | % |
| 26 |  | New York |  | 33 |  |  | 4,351,377 |  |  | 94.5 | % |  | 93.4 | % |  | 60,862 |  |  | 15.25 |  |  | 6.3 | % |  | 5.0 | % |  | 6.7 | % |
| 27 |  | North Carolina |  | 22 |  |  | 4,405,274 |  |  | 90.9 | % |  | 89.0 | % |  | 40,174 |  |  | 11.13 |  |  | 4.2 | % |  | 5.1 | % |  | 4.4 | % |
| 28 |  | Ohio |  | 24 |  |  | 4,531,822 |  |  | 91.2 | % |  | 89.1 | % |  | 41,516 |  |  | 10.61 |  |  | 4.6 | % |  | 5.2 | % |  | 4.6 | % |
| 29 |  | Oklahoma |  | 1 |  |  | 186,851 |  |  | 100.0 | % |  | 100.0 | % |  | 1,760 |  |  | 9.42 |  |  | 0.2 | % |  | 0.2 | % |  | 0.2 | % |
| 30 |  | Pennsylvania |  | 37 |  |  | 6,061,073 |  |  | 95.5 | % |  | 93.4 | % |  | 66,182 |  |  | 13.21 |  |  | 7.1 | % |  | 7.0 | % |  | 7.3 | % |
| 31 |  | Rhode Island |  | 1 |  |  | 148,126 |  |  | 99.1 | % |  | 96.4 | % |  | 1,470 |  |  | 10.02 |  |  | 0.2 | % |  | 0.2 | % |  | 0.2 | % |
| 32 |  | South Carolina |  | 8 |  |  | 1,394,993 |  |  | 84.4 | % |  | 82.3 | % |  | 12,465 |  |  | 10.79 |  |  | 1.5 | % |  | 1.6 | % |  | 1.4 | % |
| 33 |  | Tennessee |  | 16 |  |  | 3,240,636 |  |  | 94.7 | % |  | 89.0 | % |  | 28,733 |  |  | 9.81 |  |  | 3.1 | % |  | 3.7 | % |  | 3.2 | % |
| 34 |  | Texas |  | 68 |  |  | 9,592,235 |  |  | 94.1 | % |  | 93.2 | % |  | 103,878 |  |  | 12.42 |  |  | 13.0 | % |  | 11.1 | % |  | 11.4 | % |
| 35 |  | Vermont |  | 1 |  |  | 224,514 |  |  | 97.7 | % |  | 97.7 | % |  | 1,879 |  |  | 8.57 |  |  | 0.2 | % |  | 0.3 | % |  | 0.2 | % |
| 36 |  | Virginia |  | 11 |  |  | 1,446,288 |  |  | 91.6 | % |  | 89.2 | % |  | 14,065 |  |  | 11.15 |  |  | 2.1 | % |  | 1.7 | % |  | 1.5 | % |
| 37 |  | West Virginia |  | 2 |  |  | 251,500 |  |  | 95.6 | % |  | 95.6 | % |  | 1,978 |  |  | 8.23 |  |  | 0.4 | % |  | 0.3 | % |  | 0.2 | % |
| 38 |  | Wisconsin |  | 5 |  |  | 766,509 |  |  | 92.6 | % |  | 87.4 | % |  | 7,146 |  |  | 10.07 |  |  | 1.0 | % |  | 0.9 | % |  | 0.8 | % |
| TOTAL |  | 522 |  |  | 86,769,179 |  |  | 92.7 | % |  | 90.8 | % |  | $ | 910,849 |  |  | $ | 12.10 |  |  | 100.0 | % |  | 100.0 | % |  | 100.0 | % |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 37 |

PROPERTY LIST |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dollars in thousands except per square foot amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Year |  |  |  | Percent |  |  |  |  |  |  |  |  |  |
|  | Property Name |  | City |  | State |  | Metropolitan Statistical Area |  | Built |  | GLA |  | Leased |  | ABR |  | ABR / SF |  | Grocer (1) |  | Other Major Tenants |  | Non-Owned Major Tenants
1 |  |  | Winchester Plaza |  | Huntsville |  | AL |  | Huntsville, AL |  | 2006 |  | 75,780 |  |  | 96.5 | % |  | $ | 891 |  |  | $ | 12.19 |  |  | Publix |  | — |  |
2 |  |  | Springdale |  | Mobile |  | AL |  | Mobile, AL |  | 2004 |  | 611,972 |  |  | 90.4 | % |  | 4,025 |  |  | 7.38 |  |  | Sam's Club* |  | Belk, Best Buy, Big Lots, Burlington Coat Factory, Marshalls, Michaels, Staples |  |
3 |  |  | Payton Park |  | Sylacauga |  | AL |  | Talladega-Sylacauga, AL |  | 1995 |  | 231,820 |  |  | 99.0 | % |  | 1,528 |  |  | 6.66 |  |  | Walmart Supercenter |  | Burke's Outlet |  |
4 |  |  | Shops of Tuscaloosa |  | Tuscaloosa |  | AL |  | Tuscaloosa, AL |  | 2005 |  | 70,242 |  |  | 92.6 | % |  | 830 |  |  | 12.76 |  |  | Publix |  | — |  |
5 |  |  | Glendale Galleria |  | Glendale |  | AZ |  | Phoenix-Mesa-Scottsdale, AZ |  | 1991 |  | 119,525 |  |  | 78.5 | % |  | 590 |  |  | 6.28 |  |  | — |  | Sears Outlet |  |
6 |  |  | Northmall Centre |  | Tucson |  | AZ |  | Tucson, AZ |  | 1996 |  | 168,585 |  |  | 90.8 | % |  | 1,457 |  |  | 9.52 |  |  | Sam's Club* |  | CareMore, JC Penney Home Store, Stein Mart |  |
7 |  |  | Applegate Ranch Shopping Center |  | Atwater |  | CA |  | Merced, CA |  | 2006 |  | 144,444 |  |  | 94.1 | % |  | 2,128 |  |  | 15.66 |  |  | SuperTarget* |  | Marshalls |  | Walmart
8 |  |  | Bakersfield Plaza |  | Bakersfield |  | CA |  | Bakersfield, CA |  | 2014 |  | 240,328 |  |  | 97.4 | % |  | 3,152 |  |  | 13.71 |  |  | Lassens Natural Foods & Vitamins |  | Burlington Coat Factory, Ross Dress for Less |  |
9 |  |  | Carmen Plaza |  | Camarillo |  | CA |  | Oxnard-Thousand Oaks-Ventura, CA |  | 2000 |  | 129,173 |  |  | 94.4 | % |  | 1,906 |  |  | 16.52 |  |  | Trader Joe's* |  | 24 Hour Fitness, CVS, Michaels |  |
10 |  |  | Plaza Rio Vista |  | Cathedral |  | CA |  | Riverside-San Bernardino-Ontario, CA |  | 2005 |  | 67,622 |  |  | 90.0 | % |  | 1,062 |  |  | 17.45 |  |  | Stater Bros. |  | — |  |
11 |  |  | Clovis Commons |  | Clovis |  | CA |  | Fresno, CA |  | 2004 |  | 174,990 |  |  | 98.7 | % |  | 3,678 |  |  | 21.29 |  |  | — |  | Best Buy, Office Depot, PetSmart, T.J.Maxx |  | Target
12 |  |  | Cudahy Plaza |  | Cudahy |  | CA |  | Los Angeles-Long Beach-Anaheim, CA |  | 1994 |  | 147,804 |  |  | 100.0 | % |  | 1,349 |  |  | 9.13 |  |  | — |  | Big Lots, Kmart |  |
13 |  |  | University Mall |  | Davis |  | CA |  | Sacramento--Roseville--Arden-Arcade, CA |  | 2011 |  | 103,695 |  |  | 100.0 | % |  | 1,961 |  |  | 18.91 |  |  | Trader Joe's |  | Forever 21, World Market |  |
14 |  |  | Felicita Plaza |  | Escondido |  | CA |  | San Diego-Carlsbad, CA |  | 2001 |  | 98,714 |  |  | 100.0 | % |  | 1,381 |  |  | 13.99 |  |  | Vons (Safeway) |  | Chuze Fitness |  |
15 |  |  | Arbor - Broadway Faire |  | Fresno |  | CA |  | Fresno, CA |  | 1995 |  | 261,344 |  |  | 97.1 | % |  | 3,590 |  |  | 14.14 |  |  | Smart & Final |  | PetSmart, The Home Depot, United Artists Theatres |  |
16 |  |  | Lompoc Shopping Center |  | Lompoc |  | CA |  | Santa Maria-Santa Barbara, CA |  | 2012 |  | 179,495 |  |  | 96.4 | % |  | 1,903 |  |  | 11.89 |  |  | Vons (Safeway) |  | Marshalls, Michaels, Staples |  |
17 |  |  | Briggsmore Plaza |  | Modesto |  | CA |  | Modesto, CA |  | 1998 |  | 99,315 |  |  | 100.0 | % |  | 1,098 |  |  | 11.65 |  |  | Grocery Outlet |  | Dunhill Furniture, Fallas Paradas, Sears Outlet |  |
18 |  |  | Montebello Plaza |  | Montebello |  | CA |  | Los Angeles-Long Beach-Anaheim, CA |  | 2012 |  | 283,631 |  |  | 96.8 | % |  | 4,792 |  |  | 17.79 |  |  | Albertsons |  | 99¢ Only, Best Buy, CVS, Ross Dress for Less |  |
19 |  |  | California Oaks Center |  | Murrieta |  | CA |  | Riverside-San Bernardino-Ontario, CA |  | 1990 |  | 125,187 |  |  | 90.5 | % |  | 1,606 |  |  | 14.66 |  |  | Barons Market |  | — |  |
20 |  |  | Esplanade Shopping Center |  | Oxnard |  | CA |  | Oxnard-Thousand Oaks-Ventura, CA |  | 2012 |  | 356,864 |  |  | 97.1 | % |  | 6,508 |  |  | 18.96 |  |  | Walmart Neighborhood Market |  | Bed Bath & Beyond, Dick's Sporting Goods, LA Fitness, Nordstrom Rack, T.J.Maxx |  | The Home Depot
21 |  |  | Pacoima Center |  | Pacoima |  | CA |  | Los Angeles-Long Beach-Anaheim, CA |  | 1995 |  | 202,773 |  |  | 100.0 | % |  | 2,038 |  |  | 10.05 |  |  | Food 4 Less |  | Ross Dress for Less, Target |  |
22 |  |  | Paradise Plaza |  | Paradise |  | CA |  | Chico, CA |  | 1997 |  | 198,323 |  |  | 95.5 | % |  | 863 |  |  | 5.65 |  |  | Save Mart |  | Kmart |  |
23 |  |  | Metro 580 |  | Pleasanton |  | CA |  | San Francisco-Oakland-Hayward, CA |  | 2004 |  | 176,510 |  |  | 87.2 | % |  | 2,071 |  |  | 35.41 |  |  | — |  | Kohl's, Sport Chalet |  | Walmart
24 |  |  | Rose Pavilion |  | Pleasanton |  | CA |  | San Francisco-Oakland-Hayward, CA |  | 2014 |  | 293,359 |  |  | 97.7 | % |  | 6,364 |  |  | 22.21 |  |  | 99 Ranch Market |  | Golfsmith, Macy's Home Store |  |
25 |  |  | Puente Hills Town Center |  | Rowland Heights |  | CA |  | Los Angeles-Long Beach-Anaheim, CA |  | 1984 |  | 259,162 |  |  | 99.5 | % |  | 5,022 |  |  | 19.47 |  |  | — |  | Marshalls, Michaels |  |
26 |  |  | San Bernardino Center |  | San Bernardino |  | CA |  | Riverside-San Bernardino-Ontario, CA |  | 2003 |  | 143,082 |  |  | 100.0 | % |  | 1,041 |  |  | 7.27 |  |  | — |  | Big Lots, Target |  |
27 |  |  | Ocean View Plaza |  | San Clemente |  | CA |  | Los Angeles-Long Beach-Anaheim, CA |  | 1997 |  | 169,387 |  |  | 99.3 | % |  | 4,442 |  |  | 26.42 |  |  | Ralphs (Kroger), Trader Joe's |  | CVS, Fitness Elite for Women |  |
28 |  |  | Mira Mesa Mall |  | San Diego |  | CA |  | San Diego-Carlsbad, CA |  | 2003 |  | 407,100 |  |  | 97.7 | % |  | 7,596 |  |  | 19.96 |  |  | Vons (Safeway) |  | Bed Bath & Beyond, Kohl's, Marshalls, Mira Mesa Lanes |  |
29 |  |  | San Dimas Plaza |  | San Dimas |  | CA |  | Los Angeles-Long Beach-Anaheim, CA |  | 2013 |  | 164,757 |  |  | 91.9 | % |  | 3,248 |  |  | 21.45 |  |  | Smart & Final Extra! |  | T.J.Maxx |  | Rite Aid
30 |  |  | Bristol Plaza |  | Santa Ana |  | CA |  | Los Angeles-Long Beach-Anaheim, CA |  | 2003 |  | 111,403 |  |  | 100.0 | % |  | 2,715 |  |  | 32.76 |  |  | Trader Joe's |  | Big Lots, Petco, Rite Aid |  |
31 |  |  | Gateway Plaza |  | Santa Fe Springs |  | CA |  | Los Angeles-Long Beach-Anaheim, CA |  | 2002 |  | 289,268 |  |  | 100.0 | % |  | 3,450 |  |  | 11.93 |  |  | El Super, Walmart Supercenter |  | LA Fitness, Marshalls |  | Target
32 |  |  | Santa Paula Shopping Center |  | Santa Paula |  | CA |  | Oxnard-Thousand Oaks-Ventura, CA |  | 1995 |  | 191,475 |  |  | 100.0 | % |  | 1,902 |  |  | 9.94 |  |  | Vons (Safeway) |  | Big Lots, Heritage Hardware |  |
33 |  |  | Vail Ranch Center |  | Temecula |  | CA |  | Riverside-San Bernardino-Ontario, CA |  | 2003 |  | 201,904 |  |  | 94.5 | % |  | 2,659 |  |  | 13.93 |  |  | Stater Bros. |  | Stein Mart |  |
34 |  |  | Country Hills Shopping Center |  | Torrance |  | CA |  | Los Angeles-Long Beach-Anaheim, CA |  | 1977 |  | 56,750 |  |  | 100.0 | % |  | 992 |  |  | 18.64 |  |  | Ralphs (Kroger) |  | — |  |
35 |  |  | Gateway Plaza - Vallejo |  | Vallejo |  | CA |  | Vallejo-Fairfield, CA |  | 1991 |  | 490,407 |  |  | 97.9 | % |  | 7,650 |  |  | 16.01 |  |  | Costco* |  | Bed Bath & Beyond, Century Theatres, Marshalls, Ross Dress for Less, Toys"R"Us |  | Target
36 |  |  | Arvada Plaza |  | Arvada |  | CO |  | Denver-Aurora-Lakewood, CO |  | 1994 |  | 95,236 |  |  | 100.0 | % |  | 678 |  |  | 7.11 |  |  | King Soopers (Kroger) |  | Arc |  |
37 |  |  | Arapahoe Crossings |  | Aurora |  | CO |  | Denver-Aurora-Lakewood, CO |  | 2003 |  | 466,363 |  |  | 96.3 | % |  | 5,739 |  |  | 12.78 |  |  | King Soopers (Kroger) |  | 2nd & Charles, AMC Theatres, Big Lots, Gordmans, Kohl's, Marshalls |  |
38 |  |  | Aurora Plaza |  | Aurora |  | CO |  | Denver-Aurora-Lakewood, CO |  | 1996 |  | 178,491 |  |  | 97.3 | % |  | 1,285 |  |  | 7.67 |  |  | King Soopers (Kroger) |  | Cinema Latino, Gen-X |  |
39 |  |  | Villa Monaco |  | Denver |  | CO |  | Denver-Aurora-Lakewood, CO |  | 2013 |  | 122,139 |  |  | 88.5 | % |  | 1,448 |  |  | 13.40 |  |  | Walmart Neighborhood Market |  | — |  |
40 |  |  | Superior Marketplace |  | Superior |  | CO |  | Boulder, CO |  | 2004 |  | 278,790 |  |  | 85.3 | % |  | 3,738 |  |  | 15.72 |  |  | Whole Foods Market, Costco*, SuperTarget* |  | Sports Authority, T.J.Maxx |  |
41 |  |  | Westminster City Center |  | Westminster |  | CO |  | Denver-Aurora-Lakewood, CO |  | 2014 |  | 337,470 |  |  | 97.2 | % |  | 4,849 |  |  | 14.78 |  |  | — |  | Babies"R"Us, Barnes & Noble, Gordmans, Jo-Ann Fabric & Craft Stores, Ross Dress for Less, Tile Shop, Ulta |  |
42 |  |  | Freshwater - Stateline Plaza |  | Enfield |  | CT |  | Hartford-West Hartford-East Hartford, CT |  | 2004 |  | 295,647 |  |  | 98.6 | % |  | 2,508 |  |  | 16.20 |  |  | Costco |  | Dick's Sporting Goods, P.C. Richard & Son |  | The Home Depot
43 |  |  | The Shoppes at Fox Run |  | Glastonbury |  | CT |  | Hartford-West Hartford-East Hartford, CT |  | 2012 |  | 108,627 |  |  | 95.3 | % |  | 2,417 |  |  | 23.35 |  |  | Whole Foods Market |  | Petco |  |
44 |  |  | Groton Square |  | Groton |  | CT |  | Norwich-New London, CT |  | 1987 |  | 196,802 |  |  | 100.0 | % |  | 2,660 |  |  | 13.51 |  |  | Super Stop & Shop (Ahold) |  | Kohl's |  |
45 |  |  | Parkway Plaza |  | Hamden |  | CT |  | New Haven-Milford, CT |  | 2006 |  | 72,353 |  |  | 89.8 | % |  | 890 |  |  | 13.69 |  |  | PriceRite (ShopRite) |  | — |  |
46 |  |  | Killingly Plaza |  | Killingly |  | CT |  | Worcester, MA-CT |  | 1990 |  | 76,960 |  |  | 94.5 | % |  | 509 |  |  | 7.00 |  |  | — |  | Kohl's |  |
47 |  |  | The Manchester Collection |  | Manchester |  | CT |  | Hartford-West Hartford-East Hartford, CT |  | 2014 |  | 342,247 |  |  | 85.8 | % |  | 3,812 |  |  | 12.98 |  |  | Sam's Club*, Walmart Supercenter* |  | Ashley Furniture, Babies"R"Us, Bed Bath & Beyond, Hobby Lobby, Savers |  | Walmart
48 |  |  | Chamberlain Plaza |  | Meriden |  | CT |  | New Haven-Milford, CT |  | 2004 |  | 54,302 |  |  | 90.8 | % |  | 429 |  |  | 8.70 |  |  | — |  | Dollar Tree, Savers |  |
49 |  |  | Milford Center |  | Milford |  | CT |  | New Haven-Milford, CT |  | 1966 |  | 25,056 |  |  | 100.0 | % |  | 341 |  |  | 13.60 |  |  | Xpect Discounts |  | — |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 38 |

PROPERTY LIST |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dollars in thousands except per square foot amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Year |  |  |  | Percent |  |  |  |  |  |  |  |  |  |
|  | Property Name |  | City |  | State |  | Metropolitan Statistical Area |  | Built |  | GLA |  | Leased |  | ABR |  | ABR / SF |  | Grocer (1) |  | Other Major Tenants |  | Non-Owned Major Tenants
50 |  |  | Turnpike Plaza |  | Newington |  | CT |  | Hartford-West Hartford-East Hartford, CT |  | 2004 |  | 149,894 |  |  | 100.0 | % |  | 2,407 |  |  | 16.06 |  |  | Price Chopper |  | Dick's Sporting Goods |  |
51 |  |  | North Haven Crossing |  | North Haven |  | CT |  | New Haven-Milford, CT |  | 1993 |  | 104,017 |  |  | 88.4 | % |  | 1,602 |  |  | 17.42 |  |  | — |  | Barnes & Noble, Dollar Tree, DSW, PetSmart |  |
52 |  |  | Christmas Tree Plaza |  | Orange |  | CT |  | New Haven-Milford, CT |  | 1996 |  | 132,791 |  |  | 82.6 | % |  | 1,645 |  |  | 15.00 |  |  | — |  | A.C. Moore, Christmas Tree Shops |  |
53 |  |  | Stratford Square |  | Stratford |  | CT |  | Bridgeport-Stamford-Norwalk, CT |  | 2014 |  | 161,539 |  |  | 88.0 | % |  | 1,713 |  |  | 12.05 |  |  | — |  | Marshalls, Regal Cinemas |  |
54 |  |  | Torrington Plaza |  | Torrington |  | CT |  | Torrington, CT |  | 1994 |  | 125,496 |  |  | 95.2 | % |  | 1,219 |  |  | 11.14 |  |  | — |  | Jo-Ann Fabric & Craft Stores, Staples, T.J.Maxx |  |
55 |  |  | Waterbury Plaza |  | Waterbury |  | CT |  | New Haven-Milford, CT |  | 2000 |  | 183,706 |  |  | 92.6 | % |  | 2,218 |  |  | 13.04 |  |  | Super Stop & Shop (Ahold) |  | Pretty Woman |  | Target
56 |  |  | Waterford Commons |  | Waterford |  | CT |  | Norwich-New London, CT |  | 2004 |  | 236,800 |  |  | 96.8 | % |  | 4,263 |  |  | 18.60 |  |  | — |  | Babies"R"Us, Dick’s Sporting Goods |  | Best Buy
57 |  |  | North Dover Shopping Center |  | Dover |  | DE |  | Dover, DE |  | 2013 |  | 191,974 |  |  | 100.0 | % |  | 2,252 |  |  | 11.73 |  |  | Acme (Albertsons) |  | Party City, Staples, T.J.Maxx, Toys"R"Us |  |
58 |  |  | Apopka Commons |  | Apopka |  | FL |  | Orlando-Kissimmee-Sanford, FL |  | 2010 |  | 42,507 |  |  | 100.0 | % |  | 584 |  |  | 13.74 |  |  | — |  | Staples |  | The Home Depot
59 |  |  | Brooksville Square |  | Brooksville |  | FL |  | Tampa-St. Petersburg-Clearwater, FL |  | 2013 |  | 156,361 |  |  | 93.9 | % |  | 1,522 |  |  | 10.37 |  |  | Publix |  | Sears Outlet |  |
60 |  |  | Coastal Way - Coastal Landing |  | Brooksville |  | FL |  | Tampa-St. Petersburg-Clearwater, FL |  | 2008 |  | 368,098 |  |  | 97.8 | % |  | 3,233 |  |  | 12.03 |  |  | — |  | Bed Bath & Beyond, Belk, hhgregg, Marshalls, Michaels, Office Depot, Petco, Sears, Ulta |  |
61 |  |  | Midpoint Center |  | Cape Coral |  | FL |  | Cape Coral-Fort Myers, FL |  | 2002 |  | 75,386 |  |  | 100.0 | % |  | 995 |  |  | 13.20 |  |  | Publix |  | — |  | Target
62 |  |  | Clearwater Mall |  | Clearwater |  | FL |  | Tampa-St. Petersburg-Clearwater, FL |  | 2012 |  | 300,929 |  |  | 97.9 | % |  | 6,028 |  |  | 21.57 |  |  | Costco*, SuperTarget* |  | hhgregg, Michaels, PetSmart, Ross Dress for Less |  | Lowe's
63 |  |  | Coconut Creek |  | Coconut Creek |  | FL |  | Miami-Fort Lauderdale-West Palm Beach, FL |  | 2005 |  | 265,671 |  |  | 79.3 | % |  | 2,643 |  |  | 12.54 |  |  | Publix |  | Bealls Outlet, Big Lots, Off the Wall Trampoline, Planet Fitness |  |
64 |  |  | Century Plaza Shopping Center |  | Deerfield Beach |  | FL |  | Miami-Fort Lauderdale-West Palm Beach, FL |  | 2006 |  | 90,238 |  |  | 79.6 | % |  | 1,408 |  |  | 19.59 |  |  | — |  | Broward County Library |  |
65 |  |  | Northgate S.C. |  | DeLand |  | FL |  | Deltona-Daytona Beach-Ormond Beach, FL |  | 1993 |  | 186,396 |  |  | 98.7 | % |  | 1,302 |  |  | 7.08 |  |  | Publix |  | — |  |
66 |  |  | Eustis Village |  | Eustis |  | FL |  | Orlando-Kissimmee-Sanford, FL |  | 2002 |  | 156,927 |  |  | 94.0 | % |  | 1,641 |  |  | 11.13 |  |  | Publix |  | Beall's |  |
67 |  |  | First Street Village |  | Fort Meyers |  | FL |  | Cape Coral-Fort Myers, FL |  | 2006 |  | 54,926 |  |  | 91.2 | % |  | 765 |  |  | 15.27 |  |  | Publix |  | — |  |
68 |  |  | Sun Plaza |  | Ft. Walton Beach |  | FL |  | Crestview-Fort Walton Beach-Destin, FL |  | 2004 |  | 158,118 |  |  | 100.0 | % |  | 1,629 |  |  | 10.30 |  |  | Publix |  | Beall's, Books-A-Million, Office Depot, T.J.Maxx |  |
69 |  |  | Normandy Square |  | Jacksonville |  | FL |  | Jacksonville, FL |  | 1996 |  | 87,240 |  |  | 100.0 | % |  | 736 |  |  | 8.44 |  |  | Winn-Dixie (BI-LO) |  | CVS, Family Dollar |  |
70 |  |  | Regency Park |  | Jacksonville |  | FL |  | Jacksonville, FL |  | 2006 |  | 334,065 |  |  | 78.6 | % |  | 2,210 |  |  | 8.41 |  |  | — |  | American Signature Furniture, Bealls Outlet, Books-A-Million, Hobby Lobby |  |
71 |  |  | The Shoppes at Southside |  | Jacksonville |  | FL |  | Jacksonville, FL |  | 2004 |  | 109,113 |  |  | 100.0 | % |  | 2,305 |  |  | 21.13 |  |  | — |  | Best Buy, David's Bridal, Sports Authority |  |
72 |  |  | Ventura Downs |  | Kissimmee |  | FL |  | Orlando-Kissimmee-Sanford, FL |  | 2005 |  | 98,191 |  |  | 98.9 | % |  | 1,228 |  |  | 12.64 |  |  | Publix Sabor |  | — |  |
73 |  |  | Marketplace at Wycliffe |  | Lake Worth |  | FL |  | Miami-Fort Lauderdale-West Palm Beach, FL |  | 2014 |  | 133,520 |  |  | 92.6 | % |  | 1,923 |  |  | 15.55 |  |  | Walmart Neighborhood Market |  | Walgreens |  |
74 |  |  | Venetian Isle Shopping Ctr |  | Lighthouse Point |  | FL |  | Miami-Fort Lauderdale-West Palm Beach, FL |  | 1992 |  | 180,853 |  |  | 96.0 | % |  | 1,800 |  |  | 10.67 |  |  | Publix |  | Petco, Staples, Tuesday Morning, T.J.Maxx |  |
75 |  |  | Marco Town Center |  | Marco Island |  | FL |  | Naples-Immokalee-Marco Island, FL |  | 2001 |  | 109,830 |  |  | 94.7 | % |  | 2,043 |  |  | 19.63 |  |  | Publix |  | — |  |
76 |  |  | Mall at 163rd Street |  | Miami |  | FL |  | Miami-Fort Lauderdale-West Palm Beach, FL |  | 2007 |  | 370,132 |  |  | 76.5 | % |  | 4,087 |  |  | 17.52 |  |  | Walmart Supercenter* |  | Marshalls, Office Depot, Ross Dress for Less |  |
77 |  |  | Miami Gardens |  | Miami |  | FL |  | Miami-Fort Lauderdale-West Palm Beach, FL |  | 1996 |  | 244,719 |  |  | 100.0 | % |  | 2,517 |  |  | 10.29 |  |  | Winn-Dixie (BI-LO) |  | Ross Dress for Less |  |
78 |  |  | Freedom Square |  | Naples |  | FL |  | Naples-Immokalee-Marco Island, FL |  | 1995 |  | 211,839 |  |  | 100.0 | % |  | 1,908 |  |  | 9.01 |  |  | Publix |  | — |  |
79 |  |  | Naples Plaza |  | Naples |  | FL |  | Naples-Immokalee-Marco Island, FL |  | 2013 |  | 200,820 |  |  | 100.0 | % |  | 3,356 |  |  | 17.00 |  |  | Publix |  | Marshalls, Office Depot, PGA TOUR Superstore |  |
80 |  |  | Park Shore Shopping Center |  | Naples |  | FL |  | Naples-Immokalee-Marco Island, FL |  | 2014 |  | 232,820 |  |  | 95.5 | % |  | 1,948 |  |  | 8.76 |  |  | The Fresh Market |  | Big Lots, HomeGoods, Kmart, YouFit Health Club |  |
81 |  |  | Chelsea Place |  | New Port Richey |  | FL |  | Tampa-St. Petersburg-Clearwater, FL |  | 1992 |  | 81,144 |  |  | 98.3 | % |  | 908 |  |  | 11.39 |  |  | Publix |  | Zone Fitness Club |  |
82 |  |  | Southgate |  | New Port Richey |  | FL |  | Tampa-St. Petersburg-Clearwater, FL |  | 2012 |  | 238,838 |  |  | 93.4 | % |  | 2,088 |  |  | 9.81 |  |  | Publix |  | Bealls Outlet, Big Lots, Old Time Pottery |  |
83 |  |  | Presidential Plaza |  | North Lauderdale |  | FL |  | Miami-Fort Lauderdale-West Palm Beach, FL |  | 2006 |  | 88,306 |  |  | 83.2 | % |  | 730 |  |  | 9.94 |  |  | Sedano's |  | Family Dollar |  |
84 |  |  | Fashion Square |  | Orange Park |  | FL |  | Jacksonville, FL |  | 1996 |  | 36,029 |  |  | 50.4 | % |  | 377 |  |  | 29.22 |  |  | — |  | Miller's Orange Park Ale House, Ruby Tuesday, Samurai Japanese Steakhouse |  |
85 |  |  | Colonial Marketplace |  | Orlando |  | FL |  | Orlando-Kissimmee-Sanford, FL |  | 2014 |  | 141,069 |  |  | 100.0 | % |  | 2,287 |  |  | 16.21 |  |  | — |  | Burlington Coat Factory, LA Fitness |  | Target
86 |  |  | Conway Crossing |  | Orlando |  | FL |  | Orlando-Kissimmee-Sanford, FL |  | 2002 |  | 76,321 |  |  | 100.0 | % |  | 937 |  |  | 12.28 |  |  | Publix |  | — |  |
87 |  |  | Hunters Creek |  | Orlando |  | FL |  | Orlando-Kissimmee-Sanford, FL |  | 1998 |  | 73,204 |  |  | 98.2 | % |  | 1,093 |  |  | 15.20 |  |  | — |  | Office Depot |  |
88 |  |  | Pointe Orlando |  | Orlando |  | FL |  | Orlando-Kissimmee-Sanford, FL |  | 2014 |  | 408,098 |  |  | 84.1 | % |  | 7,118 |  |  | 22.03 |  |  | — |  | Regal Cinemas |  |
89 |  |  | Martin Downs Town Center |  | Palm City |  | FL |  | Port St. Lucie, FL |  | 1996 |  | 64,546 |  |  | 100.0 | % |  | 822 |  |  | 12.74 |  |  | Publix |  | — |  |
90 |  |  | Martin Downs Village Center |  | Palm City |  | FL |  | Port St. Lucie, FL |  | 1987 |  | 161,604 |  |  | 78.9 | % |  | 2,221 |  |  | 17.43 |  |  | — |  | Goodwill, Martin Memorial, Walgreens |  |
91 |  |  | 23rd Street Station |  | Panama City |  | FL |  | Panama City, FL |  | 1995 |  | 98,827 |  |  | 91.2 | % |  | 1,061 |  |  | 11.77 |  |  | Publix |  | — |  |
92 |  |  | Panama City Square |  | Panama City |  | FL |  | Panama City, FL |  | 2013 |  | 298,685 |  |  | 100.0 | % |  | 2,358 |  |  | 7.89 |  |  | Walmart Supercenter |  | Big Lots, Harbor Freight Tools, Sports Authority, T.J.Maxx |  |
93 |  |  | Pensacola Square |  | Pensacola |  | FL |  | Pensacola-Ferry Pass-Brent, FL |  | 1995 |  | 142,767 |  |  | 83.2 | % |  | 1,076 |  |  | 9.68 |  |  | — |  | Beall's, Big Lots, Sears Home Appliance Showroom |  | Hobby Lobby
94 |  |  | Shopper's Haven Shopping Ctr |  | Pompano Beach |  | FL |  | Miami-Fort Lauderdale-West Palm Beach, FL |  | 1998 |  | 206,791 |  |  | 96.9 | % |  | 2,595 |  |  | 13.36 |  |  | Winn-Dixie (BI-LO) |  | A.C. Moore, Bealls Outlet, Bed Bath & Beyond, Party City, YouFit Health Club |  |
95 |  |  | East Port Plaza |  | Port St. Lucie |  | FL |  | Port St. Lucie, FL |  | 1991 |  | 162,831 |  |  | 83.1 | % |  | 1,799 |  |  | 13.30 |  |  | Publix |  | Fortis Institute, Walgreens |  |
96 |  |  | Shoppes of Victoria Square |  | Port St. Lucie |  | FL |  | Port St. Lucie, FL |  | 1990 |  | 95,243 |  |  | 88.6 | % |  | 998 |  |  | 11.83 |  |  | Winn-Dixie (BI-LO) |  | Dollar Tree |  |
97 |  |  | Lake St. Charles |  | Riverview |  | FL |  | Tampa-St. Petersburg-Clearwater, FL |  | 1999 |  | 57,015 |  |  | 95.4 | % |  | 557 |  |  | 10.24 |  |  | Winn-Dixie (BI-LO) |  | — |  |
98 |  |  | Cobblestone Village I and II |  | Royal Palm Beach | FL |  | Miami-Fort Lauderdale-West Palm Beach, FL |  | 2005 |  | 39,404 |  |  | 88.7 | % |  | 647 |  |  | 18.50 |  |  | SuperTarget* |  | Blue Fish Restaurant, The Zoo Health Club |  |
99 |  |  | Beneva Village Shops |  | Sarasota |  | FL |  | North Port-Sarasota-Bradenton, FL |  | 1987 |  | 141,532 |  |  | 86.5 | % |  | 1,425 |  |  | 11.64 |  |  | Publix |  | Harbor Freight Tools, Walgreens, YouFit Health Club |  |
100 |  |  | Sarasota Village |  | Sarasota |  | FL |  | North Port-Sarasota-Bradenton, FL |  | 2011 |  | 173,184 |  |  | 100.0 | % |  | 1,984 |  |  | 11.75 |  |  | Publix |  | Big Lots, Crunch Fitness, HomeGoods |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 39 |

PROPERTY LIST |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dollars in thousands except per square foot amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Year |  |  |  | Percent |  |  |  |  |  |  |  |  |  |
|  | Property Name |  | City |  | State |  | Metropolitan Statistical Area |  | Built |  | GLA |  | Leased |  | ABR |  | ABR / SF |  | Grocer (1) |  | Other Major Tenants |  | Non-Owned Major Tenants
101 |  |  | Atlantic Plaza |  | Satellite Beach |  | FL |  | Palm Bay-Melbourne-Titusville, FL |  | 2008 |  | 128,405 |  |  | 72.5 | % |  | 1,170 |  |  | 24.64 |  |  | Publix |  | — |  |
102 |  |  | Seminole Plaza |  | Seminole |  | FL |  | Tampa-St. Petersburg-Clearwater, FL |  | 1995 |  | 146,579 |  |  | 96.9 | % |  | 954 |  |  | 6.72 |  |  | — |  | Burlington Coat Factory, T.J.Maxx |  |
103 |  |  | Cobblestone Village |  | St. Augustine |  | FL |  | Jacksonville, FL |  | 2003 |  | 261,081 |  |  | 85.9 | % |  | 2,863 |  |  | 12.76 |  |  | Publix |  | Beall's, Bed Bath & Beyond, Michaels, Petco |  |
104 |  |  | Dolphin Village |  | St. Pete Beach |  | FL |  | Tampa-St. Petersburg-Clearwater, FL |  | 1990 |  | 136,224 |  |  | 83.9 | % |  | 1,561 |  |  | 13.66 |  |  | Publix |  | CVS, Dollar Tree |  |
105 |  |  | Bay Point Plaza |  | St. Petersburg |  | FL |  | Tampa-St. Petersburg-Clearwater, FL |  | 2002 |  | 103,986 |  |  | 82.4 | % |  | 886 |  |  | 10.33 |  |  | Publix |  | Beall's |  |
106 |  |  | Rutland Plaza |  | St. Petersburg |  | FL |  | Tampa-St. Petersburg-Clearwater, FL |  | 2002 |  | 149,562 |  |  | 97.2 | % |  | 1,282 |  |  | 8.82 |  |  | Winn-Dixie (BI-LO) |  | Beall’s, Big Lots |  |
107 |  |  | Skyway Plaza |  | St. Petersburg |  | FL |  | Tampa-St. Petersburg-Clearwater, FL |  | 2002 |  | 110,799 |  |  | 94.1 | % |  | 904 |  |  | 8.67 |  |  | — |  | Dollar Tree |  |
108 |  |  | Tyrone Gardens |  | St. Petersburg |  | FL |  | Tampa-St. Petersburg-Clearwater, FL |  | 1998 |  | 209,337 |  |  | 78.9 | % |  | 1,420 |  |  | 8.59 |  |  | Winn-Dixie (BI-LO) |  | Beall's, Big Lots, Chuck E. Cheese’s |  |
109 |  |  | Downtown Publix |  | Stuart |  | FL |  | Port St. Lucie, FL |  | 2000 |  | 153,246 |  |  | 70.0 | % |  | 1,121 |  |  | 10.45 |  |  | Publix |  | Schumacher Music |  |
110 |  |  | Sunrise Town Center |  | Sunrise |  | FL |  | Miami-Fort Lauderdale-West Palm Beach, FL |  | 1989 |  | 110,109 |  |  | 89.2 | % |  | 1,167 |  |  | 11.88 |  |  | Patel Brothers |  | Dollar Tree, LA Fitness |  | Walmart
111 |  |  | Carrollwood Center |  | Tampa |  | FL |  | Tampa-St. Petersburg-Clearwater, FL |  | 2002 |  | 93,673 |  |  | 96.1 | % |  | 1,319 |  |  | 14.66 |  |  | Publix |  | Rarehues |  |
112 |  |  | Ross Plaza |  | Tampa |  | FL |  | Tampa-St. Petersburg-Clearwater, FL |  | 1996 |  | 90,625 |  |  | 94.7 | % |  | 1,134 |  |  | 13.21 |  |  | — |  | Deal$, Ross Dress for Less |  |
113 |  |  | Tarpon Mall |  | Tarpon Springs |  | FL |  | Tampa-St. Petersburg-Clearwater, FL |  | 2003 |  | 145,832 |  |  | 100.0 | % |  | 2,117 |  |  | 14.52 |  |  | Publix |  | Petco, T.J.Maxx |  |
114 |  |  | Venice Plaza |  | Venice |  | FL |  | North Port-Sarasota-Bradenton, FL |  | 1999 |  | 132,345 |  |  | 91.5 | % |  | 722 |  |  | 5.96 |  |  | Winn-Dixie (BI-LO) |  | T.J.Maxx |  |
115 |  |  | Venice Shopping Center |  | Venice |  | FL |  | North Port-Sarasota-Bradenton, FL |  | 2000 |  | 109,801 |  |  | 80.3 | % |  | 498 |  |  | 5.64 |  |  | Publix |  | Beall's |  |
116 |  |  | Governors Town Square |  | Acworth |  | GA |  | Atlanta-Sandy Springs-Roswell, GA |  | 2005 |  | 68,658 |  |  | 95.9 | % |  | 1,098 |  |  | 16.67 |  |  | Publix |  | — |  |
117 |  |  | Albany Plaza |  | Albany |  | GA |  | Albany, GA |  | 1995 |  | 114,169 |  |  | 75.1 | % |  | 541 |  |  | 6.31 |  |  | Harveys (BI-LO) |  | Big Lots, OK Beauty & Fashions Outlet |  |
118 |  |  | Mansell Crossing |  | Alpharetta |  | GA |  | Atlanta-Sandy Springs-Roswell, GA |  | 2014 |  | 332,364 |  |  | 99.2 | % |  | 4,983 |  |  | 15.12 |  |  | — |  | AMC Theatres, Barnes & Noble, DSW, Macy's Furniture Gallery, REI, Sports Authority, T.J.Maxx |  | Toys"R"Us
119 |  |  | Perlis Plaza |  | Americus |  | GA |  | Americus, GA |  | 1972 |  | 165,315 |  |  | 84.6 | % |  | 769 |  |  | 5.49 |  |  | — |  | Belk, Roses |  |
120 |  |  | Northeast Plaza |  | Atlanta |  | GA |  | Atlanta-Sandy Springs-Roswell, GA |  | 2013 |  | 442,200 |  |  | 92.6 | % |  | 3,953 |  |  | 9.78 |  |  | G-Mart International Foods |  | Atlanta Ballroom Dance Club, dd's Discounts, Goodwill |  |
121 |  |  | Augusta West Plaza |  | Augusta |  | GA |  | Augusta-Richmond County, GA-SC |  | 2006 |  | 207,823 |  |  | 71.2 | % |  | 1,078 |  |  | 7.29 |  |  | — |  | Burlington Coat Factory, Dollar Tree |  |
122 |  |  | Sweetwater Village |  | Austell |  | GA |  | Atlanta-Sandy Springs-Roswell, GA |  | 1985 |  | 66,197 |  |  | 100.0 | % |  | 478 |  |  | 7.22 |  |  | Food Depot |  | Family Dollar |  |
123 |  |  | Vineyards at Chateau Elan |  | Braselton |  | GA |  | — |  | 2002 |  | 79,047 |  |  | 84.1 | % |  | 911 |  |  | 13.70 |  |  | Publix |  | — |  |
124 |  |  | Cedar Plaza |  | Cedartown |  | GA |  | Cedartown, GA |  | 1994 |  | 83,300 |  |  | 100.0 | % |  | 594 |  |  | 7.14 |  |  | Kroger |  | — |  |
125 |  |  | Conyers Plaza |  | Conyers |  | GA |  | Atlanta-Sandy Springs-Roswell, GA |  | 2001 |  | 171,374 |  |  | 95.3 | % |  | 1,833 |  |  | 11.23 |  |  | Walmart Supercenter* |  | Jo-Ann Fabric & Craft Stores, PetSmart, Value Village |  | The Home Depot
126 |  |  | Cordele Square |  | Cordele |  | GA |  | Cordele, GA |  | 2002 |  | 127,953 |  |  | 82.6 | % |  | 653 |  |  | 6.18 |  |  | Harveys (BI-LO) |  | Belk, Citi Trends, Cordele Theatres |  |
127 |  |  | Covington Gallery |  | Covington |  | GA |  | Atlanta-Sandy Springs-Roswell, GA |  | 1991 |  | 174,857 |  |  | 94.5 | % |  | 1,149 |  |  | 6.95 |  |  | Ingles |  | Kmart |  |
128 |  |  | Salem Road Station |  | Covington |  | GA |  | Atlanta-Sandy Springs-Roswell, GA |  | 2000 |  | 67,270 |  |  | 89.0 | % |  | 653 |  |  | 10.90 |  |  | Publix |  | — |  |
129 |  |  | Keith Bridge Commons |  | Cumming |  | GA |  | Atlanta-Sandy Springs-Roswell, GA |  | 2002 |  | 94,886 |  |  | 89.3 | % |  | 1,085 |  |  | 12.81 |  |  | Kroger |  | Anytime Fitness |  |
130 |  |  | Northside |  | Dalton |  | GA |  | Dalton, GA |  | 2001 |  | 73,931 |  |  | 86.3 | % |  | 489 |  |  | 7.66 |  |  | BI-LO |  | Family Dollar |  |
131 |  |  | Cosby Station |  | Douglasville |  | GA |  | Atlanta-Sandy Springs-Roswell, GA |  | 1994 |  | 77,811 |  |  | 91.4 | % |  | 755 |  |  | 10.62 |  |  | Publix |  | — |  |
132 |  |  | Park Plaza |  | Douglasville |  | GA |  | Atlanta-Sandy Springs-Roswell, GA |  | 1986 |  | 46,494 |  |  | 86.4 | % |  | 599 |  |  | 14.92 |  |  | Kroger* |  | — |  |
133 |  |  | Dublin Village |  | Dublin |  | GA |  | Dublin, GA |  | 2005 |  | 98,540 |  |  | 88.7 | % |  | 607 |  |  | 6.94 |  |  | Kroger |  | — |  |
134 |  |  | Westgate |  | Dublin |  | GA |  | Dublin, GA |  | 2004 |  | 118,938 |  |  | 87.6 | % |  | 594 |  |  | 5.92 |  |  | Harveys (BI-LO) |  | Beall's, Big Lots |  | The Home Depot
135 |  |  | Venture Pointe |  | Duluth |  | GA |  | Atlanta-Sandy Springs-Roswell, GA |  | 2012 |  | 155,172 |  |  | 97.1 | % |  | 1,627 |  |  | 10.80 |  |  | — |  | American Signature Furniture, Ollie's Bargain Outlet, Studio Movie Grill |  |
136 |  |  | Banks Station |  | Fayetteville |  | GA |  | Atlanta-Sandy Springs-Roswell, GA |  | 2006 |  | 176,451 |  |  | 84.5 | % |  | 1,148 |  |  | 8.92 |  |  | Food Depot |  | Cinemark, Staples |  |
137 |  |  | Barrett Place |  | Kennesaw |  | GA |  | Atlanta-Sandy Springs-Roswell, GA |  | 1994 |  | 218,818 |  |  | 100.0 | % |  | 2,133 |  |  | 9.75 |  |  | — |  | Best Buy, Michaels, OfficeMax, PetSmart, Sports Authority, The Furniture Mall |  |
138 |  |  | Shops of Huntcrest |  | Lawrenceville |  | GA |  | Atlanta-Sandy Springs-Roswell, GA |  | 2003 |  | 97,040 |  |  | 97.9 | % |  | 1,230 |  |  | 12.94 |  |  | Publix |  | — |  |
139 |  |  | Mableton Walk |  | Mableton |  | GA |  | Atlanta-Sandy Springs-Roswell, GA |  | 1994 |  | 105,884 |  |  | 81.1 | % |  | 1,032 |  |  | 12.01 |  |  | Publix |  | — |  |
140 |  |  | The Village at Mableton |  | Mableton |  | GA |  | Atlanta-Sandy Springs-Roswell, GA |  | 1998 |  | 239,013 |  |  | 78.3 | % |  | 1,095 |  |  | 6.06 |  |  | — |  | Dollar Tree, Kmart, Ollie's Bargain Outlet |  |
141 |  |  | North Park |  | Macon |  | GA |  | Macon, GA |  | 2013 |  | 216,795 |  |  | 98.3 | % |  | 1,303 |  |  | 6.11 |  |  | Kroger |  | Kmart |  |
142 |  |  | Marshalls at Eastlake |  | Marietta |  | GA |  | Atlanta-Sandy Springs-Roswell, GA |  | 1982 |  | 54,976 |  |  | 88.4 | % |  | 425 |  |  | 8.76 |  |  | — |  | Marshalls |  |
143 |  |  | New Chastain Corners |  | Marietta |  | GA |  | Atlanta-Sandy Springs-Roswell, GA |  | 2004 |  | 113,079 |  |  | 80.5 | % |  | 918 |  |  | 10.08 |  |  | Kroger |  | — |  |
144 |  |  | Pavilions at Eastlake |  | Marietta |  | GA |  | Atlanta-Sandy Springs-Roswell, GA |  | 1996 |  | 157,888 |  |  | 87.1 | % |  | 1,648 |  |  | 11.99 |  |  | Kroger |  | J. Christopher's |  |
145 |  |  | Perry Marketplace |  | Perry |  | GA |  | Warner Robins, GA |  | 2004 |  | 179,973 |  |  | 76.5 | % |  | 927 |  |  | 6.73 |  |  | Kroger |  | Ace Hardware, Beall's Outlet, Goody's |  |
146 |  |  | Creekwood Village |  | Rex |  | GA |  | Atlanta-Sandy Springs-Roswell, GA |  | 1990 |  | 69,778 |  |  | 94.1 | % |  | 538 |  |  | 8.19 |  |  | Food Depot |  | — |  |
147 |  |  | Shops of Riverdale |  | Riverdale |  | GA |  | Atlanta-Sandy Springs-Roswell, GA |  | 1995 |  | 16,808 |  |  | 100.0 | % |  | 279 |  |  | 16.60 |  |  | Walmart Supercenter* |  | — |  |
148 |  |  | Holcomb Bridge Crossing |  | Roswell |  | GA |  | Atlanta-Sandy Springs-Roswell, GA |  | 1988 |  | 105,420 |  |  | 95.2 | % |  | 949 |  |  | 9.46 |  |  | — |  | PGA TOUR Superstore |  |
149 |  |  | Victory Square |  | Savannah |  | GA |  | Savannah, GA |  | 2007 |  | 122,739 |  |  | 98.5 | % |  | 1,738 |  |  | 14.71 |  |  | SuperTarget* |  | Citi Trends, Dollar Tree, Frank Theatres, Staples |  | The Home Depot
150 |  |  | Stockbridge Village |  | Stockbridge |  | GA |  | Atlanta-Sandy Springs-Roswell, GA |  | 2008 |  | 188,155 |  |  | 78.3 | % |  | 2,128 |  |  | 14.45 |  |  | Kroger |  | — |  |
151 |  |  | Stone Mountain Festival |  | Stone Mountain |  | GA |  | Atlanta-Sandy Springs-Roswell, GA |  | 2006 |  | 347,091 |  |  | 95.6 | % |  | 1,897 |  |  | 5.71 |  |  | Walmart Supercenter |  | Hobby Lobby, NCG Cinemas |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 40 |

PROPERTY LIST |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dollars in thousands except per square foot amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Year |  |  |  | Percent |  |  |  |  |  |  |  |  |  |
|  | Property Name |  | City |  | State |  | Metropolitan Statistical Area |  | Built |  | GLA |  | Leased |  | ABR |  | ABR / SF |  | Grocer (1) |  | Other Major Tenants |  | Non-Owned Major Tenants
152 |  |  | Wilmington Island |  | Wilmington Island |  | GA |  | Savannah, GA |  | 2003 |  | 87,818 |  |  | 70.9 | % |  | 764 |  |  | 12.26 |  |  | Kroger |  | — |  |
153 |  |  | Davenport Retail Center |  | Davenport |  | IA |  | Davenport-Moline-Rock Island, IA-IL |  | 1996 |  | 62,588 |  |  | 100.0 | % |  | 720 |  |  | 11.50 |  |  | SuperTarget* |  | Party City, PetSmart, Staples |  |
154 |  |  | Kimberly West Shopping Center |  | Davenport |  | IA |  | Davenport-Moline-Rock Island, IA-IL |  | 1987 |  | 113,713 |  |  | 87.5 | % |  | 592 |  |  | 5.96 |  |  | Hy-Vee |  | — |  |
155 |  |  | Haymarket Mall |  | Des Moines |  | IA |  | Des Moines-West Des Moines, IA |  | 2002 |  | 241,572 |  |  | 96.8 | % |  | 1,233 |  |  | 5.56 |  |  | — |  | Burlington Coat Factory, Hobby Lobby |  |
156 |  |  | Haymarket Square |  | Des Moines |  | IA |  | Des Moines-West Des Moines, IA |  | 2002 |  | 269,705 |  |  | 72.3 | % |  | 1,234 |  |  | 9.30 |  |  | Dahl's Foods |  | Big Lots, Northern Tool + Equipment, Office Depot |  |
157 |  |  | Warren Plaza |  | Dubuque |  | IA |  | Dubuque, IA |  | 1993 |  | 96,339 |  |  | 96.7 | % |  | 750 |  |  | 8.05 |  |  | Hy-Vee |  | — |  | Hobby Lobby, Target
158 |  |  | Annex of Arlington |  | Arlington Heights |  | IL |  | Chicago-Naperville-Elgin, IL-IN-WI |  | 2012 |  | 193,175 |  |  | 93.0 | % |  | 2,792 |  |  | 15.54 |  |  | Trader Joe's |  | Barnes & Noble, Binny's Beverage Depot, hhgregg, Petco |  |
159 |  |  | Ridge Plaza |  | Arlington Heights |  | IL |  | Chicago-Naperville-Elgin, IL-IN-WI |  | 2000 |  | 151,643 |  |  | 90.5 | % |  | 1,926 |  |  | 14.04 |  |  | — |  | Savers, XSport Fitness |  | Kohl's
160 |  |  | Bartonville Square |  | Bartonville |  | IL |  | Peoria, IL |  | 2001 |  | 61,678 |  |  | 97.8 | % |  | 339 |  |  | 6.27 |  |  | Kroger |  | — |  |
161 |  |  | Festival Center |  | Bradley |  | IL |  | Kankakee, IL |  | 2006 |  | 63,796 |  |  | 76.7 | % |  | 294 |  |  | 6.02 |  |  | — |  | Big Lots, Dollar General |  |
162 |  |  | Southfield Plaza |  | Bridgeview |  | IL |  | Chicago-Naperville-Elgin, IL-IN-WI |  | 2006 |  | 198,331 |  |  | 94.7 | % |  | 2,056 |  |  | 10.95 |  |  | Shop 'n Save |  | Hobby Lobby, Walgreen's |  |
163 |  |  | Commons of Chicago Ridge |  | Chicago Ridge |  | IL |  | Chicago-Naperville-Elgin, IL-IN-WI |  | 1998 |  | 324,977 |  |  | 96.5 | % |  | 3,872 |  |  | 13.30 |  |  | — |  | Marshalls, Office Depot, The Home Depot, XSport Fitness |  |
164 |  |  | Rivercrest Shopping Center |  | Crestwood |  | IL |  | Chicago-Naperville-Elgin, IL-IN-WI |  | 2013 |  | 488,680 |  |  | 90.9 | % |  | 5,158 |  |  | 12.93 |  |  | Ultra Foods |  | Best Buy, Party City, PetSmart, Ross Dress for Less, T.J.Maxx |  |
165 |  |  | The Commons of Crystal Lake |  | Crystal Lake |  | IL |  | Chicago-Naperville-Elgin, IL-IN-WI |  | 2013 |  | 273,060 |  |  | 79.7 | % |  | 2,376 |  |  | 10.92 |  |  | Jewel-Osco (Albertsons) |  | Toys"R"Us |  | Hobby Lobby
166 |  |  | Elk Grove Town Center |  | Elk Grove Village |  | IL |  | Chicago-Naperville-Elgin, IL-IN-WI |  | 1998 |  | 131,849 |  |  | 93.1 | % |  | 1,959 |  |  | 15.96 |  |  | Joe Caputo & Sons Fruit Market |  | Walgreens |  |
167 |  |  | Crossroads Centre |  | Fairview Heights |  | IL |  | St. Louis, MO-IL |  | 1975 |  | 242,198 |  |  | 86.7 | % |  | 1,925 |  |  | 11.15 |  |  | — |  | Big Lots, Hobby Lobby, T.J.Maxx |  |
168 |  |  | Frankfort Crossing Shopping Center | Frankfort |  | IL |  | Chicago-Naperville-Elgin, IL-IN-WI |  | 1992 |  | 114,534 |  |  | 96.8 | % |  | 1,386 |  |  | 12.50 |  |  | Jewel-Osco (Albertsons) |  | Ace Hardware |  |
169 |  |  | Freeport Plaza |  | Freeport |  | IL |  | Freeport, IL |  | 2000 |  | 87,846 |  |  | 100.0 | % |  | 566 |  |  | 6.44 |  |  | Cub Foods (Supervalu) |  | Stone's Hallmark |  |
170 |  |  | Westview Center |  | Hanover Park |  | IL |  | Chicago-Naperville-Elgin, IL-IN-WI |  | 2014 |  | 326,372 |  |  | 95.8 | % |  | 2,638 |  |  | 8.72 |  |  | Tony's Finer Foods |  | Big Lots, LA Fitness |  | Value City
171 |  |  | The Quentin Collection |  | Kildeer |  | IL |  | Chicago-Naperville-Elgin, IL-IN-WI |  | 2006 |  | 171,530 |  |  | 100.0 | % |  | 2,854 |  |  | 16.64 |  |  | The Fresh Market |  | Best Buy, DSW, PetSmart, Stein Mart |  |
172 |  |  | Butterfield Square |  | Libertyville |  | IL |  | Chicago-Naperville-Elgin, IL-IN-WI |  | 2013 |  | 106,755 |  |  | 98.8 | % |  | 1,558 |  |  | 14.77 |  |  | Sunset Foods |  | — |  |
173 |  |  | High Point Centre |  | Lombard |  | IL |  | Chicago-Naperville-Elgin, IL-IN-WI |  | 1992 |  | 240,046 |  |  | 81.9 | % |  | 1,948 |  |  | 9.91 |  |  | Ultra Foods |  | Babies"R"Us, Jo-Ann Fabric & Craft Stores, Office Depot |  |
174 |  |  | Long Meadow Commons |  | Mundelein |  | IL |  | Chicago-Naperville-Elgin, IL-IN-WI |  | 1997 |  | 118,470 |  |  | 87.1 | % |  | 1,529 |  |  | 16.12 |  |  | — |  | — |  |
175 |  |  | Westridge Court |  | Naperville |  | IL |  | Chicago-Naperville-Elgin, IL-IN-WI |  | 2013 |  | 673,082 |  |  | 94.9 | % |  | 6,970 |  |  | 10.91 |  |  | — |  | Big Lots, buybuy BABY, Carson Pirie Scott Furniture Gallery, Gordmans, hhgregg, Hollywood Palms Cinema, Marshalls, Old Navy, Savers, Ulta |  |
176 |  |  | Sterling Bazaar |  | Peoria |  | IL |  | Peoria, IL |  | 1992 |  | 87,359 |  |  | 95.0 | % |  | 791 |  |  | 10.10 |  |  | Kroger |  | — |  |
177 |  |  | Rollins Crossing |  | Round Lake Beach | IL |  | Chicago-Naperville-Elgin, IL-IN-WI |  | 1998 |  | 192,911 |  |  | 94.1 | % |  | 1,895 |  |  | 17.39 |  |  | — |  | LA Fitness, Regal Cinemas |  |
178 |  |  | Twin Oaks Shopping Center |  | Silvis |  | IL |  | Davenport-Moline-Rock Island, IA-IL |  | 1991 |  | 114,342 |  |  | 96.4 | % |  | 709 |  |  | 6.43 |  |  | Hy-Vee |  | Eye Surgeons Associates |  |
179 |  |  | Parkway Pointe |  | Springfield |  | IL |  | Springfield, IL |  | 1994 |  | 38,737 |  |  | 85.9 | % |  | 575 |  |  | 17.26 |  |  | ALDI* |  | dressbarn, Family Christian Stores, Shoe Carnival |  | Target, Walmart
180 |  |  | Sangamon Center North |  | Springfield |  | IL |  | Springfield, IL |  | 1996 |  | 139,907 |  |  | 94.9 | % |  | 1,243 |  |  | 9.36 |  |  | Schnucks |  | U.S. Post Office |  |
181 |  |  | Tinley Park Plaza |  | Tinley Park |  | IL |  | Chicago-Naperville-Elgin, IL-IN-WI |  | 2005 |  | 249,954 |  |  | 88.5 | % |  | 2,429 |  |  | 10.98 |  |  | Walt's Fine Foods |  | Tile Shop |  |
182 |  |  | Meridian Village Plaza |  | Carmel |  | IN |  | Indianapolis-Carmel-Anderson, IN |  | 1990 |  | 130,769 |  |  | 89.2 | % |  | 710 |  |  | 9.26 |  |  | — |  | Godby Home Furnishings, Ollie's Bargain Outlet |  |
183 |  |  | Columbus Center |  | Columbus |  | IN |  | Columbus, IN |  | 2005 |  | 143,703 |  |  | 94.8 | % |  | 1,395 |  |  | 10.25 |  |  | — |  | Big Lots, MC Sports, OfficeMax, T.J.Maxx |  | Target
184 |  |  | Elkhart Plaza West |  | Elkhart |  | IN |  | Elkhart-Goshen, IN |  | 1997 |  | 81,651 |  |  | 93.2 | % |  | 591 |  |  | 7.76 |  |  | Martin's Super Market |  | CVS |  |
185 |  |  | Apple Glen Crossing |  | Fort Wayne |  | IN |  | Fort Wayne, IN |  | 2002 |  | 150,163 |  |  | 95.8 | % |  | 1,877 |  |  | 16.44 |  |  | Walmart Supercenter* |  | Best Buy, Dick's Sporting Goods, PetSmart |  | Kohl's
186 |  |  | Elkhart Market Centre |  | Goshen |  | IN |  | Elkhart-Goshen, IN |  | 1994 |  | 363,883 |  |  | 100.0 | % |  | 2,318 |  |  | 6.37 |  |  | Sam's Club |  | Walmart |  |
187 |  |  | Marwood Plaza |  | Indianapolis |  | IN |  | Indianapolis-Carmel-Anderson, IN |  | 1992 |  | 107,080 |  |  | 72.3 | % |  | 623 |  |  | 8.04 |  |  | Kroger |  | — |  |
188 |  |  | Westlane Shopping Center |  | Indianapolis |  | IN |  | Indianapolis-Carmel-Anderson, IN |  | 1982 |  | 71,490 |  |  | 97.5 | % |  | 484 |  |  | 6.95 |  |  | Marsh Supermarket |  | Family Dollar |  |
189 |  |  | Valley View Plaza |  | Marion |  | IN |  | Marion, IN |  | 1997 |  | 29,974 |  |  | 79.0 | % |  | 306 |  |  | 12.94 |  |  | Walmart Supercenter* |  | Aaron's |  |
190 |  |  | Bittersweet Plaza |  | Mishawaka |  | IN |  | South Bend-Mishawaka, IN-MI |  | 2000 |  | 91,798 |  |  | 91.3 | % |  | 724 |  |  | 8.64 |  |  | Martin's Super Market |  | — |  |
191 |  |  | Lincoln Plaza |  | New Haven |  | IN |  | Fort Wayne, IN |  | 1968 |  | 103,938 |  |  | 58.4 | % |  | 500 |  |  | 8.23 |  |  | Kroger |  | — |  |
192 |  |  | Speedway Super Center |  | Speedway |  | IN |  | Indianapolis-Carmel-Anderson, IN |  | 2010 |  | 574,210 |  |  | 85.0 | % |  | 4,178 |  |  | 8.91 |  |  | Kroger |  | Kohl's, Sears Outlet, T.J.Maxx |  |
193 |  |  | Sagamore Park Centre |  | West Lafayette |  | IN |  | Lafayette-West Lafayette, IN |  | 2003 |  | 118,300 |  |  | 88.7 | % |  | 1,039 |  |  | 9.90 |  |  | Pay Less (Kroger) |  | — |  |
194 |  |  | Westchester Square |  | Lenexa |  | KS |  | Kansas City, MO-KS |  | 1987 |  | 164,838 |  |  | 76.4 | % |  | 1,118 |  |  | 8.87 |  |  | Hy-Vee |  | — |  |
195 |  |  | West Loop Shopping Center |  | Manhattan |  | KS |  | Manhattan, KS |  | 2013 |  | 211,454 |  |  | 94.9 | % |  | 1,709 |  |  | 13.83 |  |  | Dillons (Kroger) |  | Bellus Academy, Jo-Ann Fabric & Craft Stores, Marshalls |  |
196 |  |  | Green River Plaza |  | Campbellsville |  | KY |  | Campbellsville, KY |  | 1989 |  | 203,239 |  |  | 99.0 | % |  | 1,345 |  |  | 6.68 |  |  | Kroger |  | Burke's Outlet, Goody’s, JC Penney, Jo-Ann Fabric & Craft Stores, Tractor Supply Co. |  |
197 |  |  | Kmart Plaza |  | Elizabethtown |  | KY |  | Elizabethtown-Fort Knox, KY |  | 1992 |  | 130,466 |  |  | 100.0 | % |  | 860 |  |  | 6.59 |  |  | — |  | Kmart, Staples |  |
198 |  |  | Florence Plaza - Florence Square |  | Florence |  | KY |  | Cincinnati, OH-KY-IN |  | 2014 |  | 624,090 |  |  | 97.0 | % |  | 5,855 |  |  | 12.73 |  |  | Kroger |  | Barnes & Noble, Harbor Freight Tools, Hobby Lobby, Old Navy, Ollie's Bargain Outlet, Staples, T.J.Maxx |  |
199 |  |  | Highland Commons |  | Glasgow |  | KY |  | Glasgow, KY |  | 1992 |  | 130,466 |  |  | 98.9 | % |  | 747 |  |  | 5.79 |  |  | Food Lion |  | Kmart |  |
200 |  |  | Jeffersontown Commons |  | Jeffersontown |  | KY |  | Louisville/Jefferson County, KY-IN |  | 2005 |  | 208,374 |  |  | 84.7 | % |  | 1,531 |  |  | 9.19 |  |  | — |  | King Pin Lanes, Louisville Athletic Club |  |
201 |  |  | Mist Lake Plaza |  | Lexington |  | KY |  | Lexington-Fayette, KY |  | 1993 |  | 217,292 |  |  | 95.5 | % |  | 1,522 |  |  | 7.33 |  |  | — |  | Gabriel Brothers, Walmart |  |
202 |  |  | London Marketplace |  | London |  | KY |  | London, KY |  | 1994 |  | 169,032 |  |  | 100.0 | % |  | 1,110 |  |  | 6.57 |  |  | Kroger |  | Burke's Outlet, Kmart |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 41 |

PROPERTY LIST |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dollars in thousands except per square foot amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Year |  |  |  | Percent |  |  |  |  |  |  |  |  |  |
|  | Property Name |  | City |  | State |  | Metropolitan Statistical Area |  | Built |  | GLA |  | Leased |  | ABR |  | ABR / SF |  | Grocer (1) |  | Other Major Tenants |  | Non-Owned Major Tenants
203 |  |  | Eastgate Shopping Center |  | Louisville |  | KY |  | Louisville/Jefferson County, KY-IN |  | 2002 |  | 174,947 |  |  | 96.5 | % |  | 1,651 |  |  | 9.78 |  |  | Kroger |  | — |  |
204 |  |  | Plainview Village |  | Louisville |  | KY |  | Louisville/Jefferson County, KY-IN |  | 1997 |  | 164,367 |  |  | 91.4 | % |  | 1,388 |  |  | 9.77 |  |  | Kroger |  | — |  |
205 |  |  | Stony Brook I & II |  | Louisville |  | KY |  | Louisville/Jefferson County, KY-IN |  | 1988 |  | 136,919 |  |  | 91.0 | % |  | 1,617 |  |  | 12.97 |  |  | Kroger |  | — |  |
206 |  |  | Towne Square North |  | Owensboro |  | KY |  | Owensboro, KY |  | 1988 |  | 163,161 |  |  | 100.0 | % |  | 1,169 |  |  | 7.17 |  |  | — |  | Books-A-Million, Hobby Lobby, Office Depot |  |
207 |  |  | Lexington Road Plaza |  | Versailles |  | KY |  | Lexington-Fayette, KY |  | 2007 |  | 197,668 |  |  | 100.0 | % |  | 1,441 |  |  | 7.29 |  |  | Kroger |  | Kmart |  |
208 |  |  | Karam Shopping Center |  | Lafayette |  | LA |  | Lafayette, LA |  | 1998 |  | 100,238 |  |  | 83.8 | % |  | 277 |  |  | 3.29 |  |  | Super 1 Foods |  | Conn's |  |
209 |  |  | Iberia Plaza |  | New Iberia |  | LA |  | Lafayette, LA |  | 1992 |  | 131,731 |  |  | 97.5 | % |  | 748 |  |  | 5.82 |  |  | Super 1 Foods |  | — |  |
210 |  |  | Lagniappe Village |  | New Iberia |  | LA |  | Lafayette, LA |  | 2010 |  | 201,360 |  |  | 96.9 | % |  | 1,482 |  |  | 7.60 |  |  | — |  | Big Lots, Citi Trends, Stage, T.J.Maxx |  |
211 |  |  | The Pines |  | Pineville |  | LA |  | Alexandria, LA |  | 1991 |  | 179,039 |  |  | 97.8 | % |  | 1,077 |  |  | 6.15 |  |  | Super 1 Foods |  | Kmart |  |
212 |  |  | Points West |  | Brockton |  | MA |  | Boston-Cambridge-Newton, MA-NH |  | 2007 |  | 133,432 |  |  | 86.4 | % |  | 976 |  |  | 8.46 |  |  | PriceRite (ShopRite) |  | Ocean State Job Lot |  |
213 |  |  | Burlington Square I, II & III |  | Burlington |  | MA |  | Boston-Cambridge-Newton, MA-NH |  | 1992 |  | 86,290 |  |  | 100.0 | % |  | 2,032 |  |  | 23.54 |  |  | — |  | Golf Galaxy, Pyara Aveda Spa & Salon, Staples |  |
214 |  |  | Chicopee Marketplace |  | Chicopee |  | MA |  | Springfield, MA |  | 2005 |  | 150,959 |  |  | 100.0 | % |  | 2,487 |  |  | 17.07 |  |  | Walmart Supercenter* |  | Marshalls, Staples |  |
215 |  |  | Holyoke Shopping Center |  | Holyoke |  | MA |  | Springfield, MA |  | 2000 |  | 201,875 |  |  | 90.9 | % |  | 1,371 |  |  | 10.96 |  |  | Super Stop & Shop (Ahold) |  | Ocean State Job Lot |  |
216 |  |  | WaterTower Plaza |  | Leominster |  | MA |  | Worcester, MA-CT |  | 2000 |  | 282,591 |  |  | 97.9 | % |  | 3,830 |  |  | 13.84 |  |  | Shaw's (Albertsons) |  | Ocean State Job Lot, T.J.Maxx |  |
217 |  |  | Lunenberg Crossing |  | Lunenburg |  | MA |  | Worcester, MA-CT |  | 1994 |  | 25,515 |  |  | 47.1 | % |  | 205 |  |  | 17.05 |  |  | Hannaford Bros. (Delhaize)* |  | — |  | Walmart
218 |  |  | Lynn Marketplace |  | Lynn |  | MA |  | Boston-Cambridge-Newton, MA-NH |  | 1968 |  | 78,092 |  |  | 100.0 | % |  | 1,090 |  |  | 13.96 |  |  | Shaw's (Albertsons) |  | Rainbow |  |
219 |  |  | Berkshire Crossing |  | Pittsfield |  | MA |  | Pittsfield, MA |  | 1994 |  | 442,578 |  |  | 99.9 | % |  | 3,795 |  |  | 19.50 |  |  | Price Chopper |  | Barnes & Noble, Michaels, Staples, The Home Depot, Ulta, Walmart |  |
220 |  |  | Westgate Plaza |  | Westfield |  | MA |  | Springfield, MA |  | 1996 |  | 103,903 |  |  | 98.7 | % |  | 1,131 |  |  | 11.36 |  |  | — |  | Ocean State Job Lot, Staples, T.J.Maxx |  |
221 |  |  | Perkins Farm Marketplace |  | Worcester |  | MA |  | Worcester, MA-CT |  | 1998 |  | 204,038 |  |  | 67.9 | % |  | 1,707 |  |  | 12.32 |  |  | Super Stop & Shop (Ahold) |  | CW Price |  |
222 |  |  | South Plaza Shopping Center |  | California |  | MD |  | California-Lexington Park, MD |  | 2005 |  | 92,335 |  |  | 100.0 | % |  | 1,662 |  |  | 18.00 |  |  | — |  | Best Buy, Old Navy, Petco, Ross Dress for Less |  |
223 |  |  | Campus Village |  | College Park |  | MD |  | Washington-Arlington-Alexandria, DC-VA-MD-WV |  | 1986 |  | 25,529 |  |  | 93.5 | % |  | 636 |  |  | 26.64 |  |  | — |  | — |  |
224 |  |  | Fox Run |  | Prince Frederick |  | MD |  | Washington-Arlington-Alexandria, DC-VA-MD-WV |  | 1997 |  | 292,849 |  |  | 96.5 | % |  | 2,882 |  |  | 10.20 |  |  | Giant Food (Ahold) |  | Jo-Ann Fabric & Craft Stores, Kmart, Peebles |  |
225 |  |  | Liberty Plaza |  | Randallstown |  | MD |  | Baltimore-Columbia-Towson, MD |  | 2012 |  | 219,862 |  |  | 99.5 | % |  | 2,673 |  |  | 12.21 |  |  | Walmart Supercenter |  | Marshalls |  |
226 |  |  | Rising Sun Towne Centre |  | Rising Sun |  | MD |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 2013 |  | 146,849 |  |  | 95.1 | % |  | 1,706 |  |  | 12.52 |  |  | Martin's Food (Ahold) |  | Big Lots |  |
227 |  |  | BJ's Plaza |  | Portland |  | ME |  | Portland-South Portland, ME |  | 1991 |  | 104,233 |  |  | 100.0 | % |  | 803 |  |  | 7.70 |  |  | BJ’s Wholesale Club |  | — |  |
228 |  |  | Pine Tree Shopping Center |  | Portland |  | ME |  | Portland-South Portland, ME |  | 1958 |  | 287,513 |  |  | 90.1 | % |  | 1,796 |  |  | 19.84 |  |  | — |  | Big Lots, Lowe's |  |
229 |  |  | Maple Village |  | Ann Arbor |  | MI |  | Ann Arbor, MI |  | 2000 |  | 293,525 |  |  | 98.3 | % |  | 2,546 |  |  | 8.82 |  |  | Plum Market |  | Dunham's Sports, Kmart |  |
230 |  |  | Grand Crossing |  | Brighton |  | MI |  | Detroit-Warren-Dearborn, MI |  | 2005 |  | 85,389 |  |  | 94.6 | % |  | 805 |  |  | 9.97 |  |  | VG's Food (SpartanNash) |  | ACO Hardware |  |
231 |  |  | Farmington Crossroads |  | Farmington |  | MI |  | Detroit-Warren-Dearborn, MI |  | 2013 |  | 87,391 |  |  | 93.6 | % |  | 779 |  |  | 9.53 |  |  | — |  | Dollar Tree, Ollie's Bargain Outlet, True Value |  |
232 |  |  | Silver Pointe Shopping Center |  | Fenton |  | MI |  | Flint, MI |  | 1996 |  | 163,919 |  |  | 78.2 | % |  | 1,608 |  |  | 12.55 |  |  | VG's Food (SpartanNash) |  | Dunham's Sports |  |
233 |  |  | Cascade East |  | Grand Rapids |  | MI |  | Grand Rapids-Wyoming, MI |  | 1983 |  | 99,529 |  |  | 78.1 | % |  | 569 |  |  | 7.32 |  |  | D&W Fresh Market (SpartanNash) |  | — |  |
234 |  |  | Delta Center |  | Lansing |  | MI |  | Lansing-East Lansing, MI |  | 2005 |  | 186,246 |  |  | 92.5 | % |  | 1,284 |  |  | 7.92 |  |  | — |  | Bed Bath & Beyond, Gift & Bible Center, Hobby Lobby, Planet Fitness |  |
235 |  |  | Lakes Crossing |  | Muskegon |  | MI |  | Muskegon, MI |  | 2011 |  | 114,623 |  |  | 81.4 | % |  | 1,265 |  |  | 14.84 |  |  | — |  | Jo-Ann Fabric & Craft Stores, Party City |  | Kohl's
236 |  |  | Redford Plaza |  | Redford |  | MI |  | Detroit-Warren-Dearborn, MI |  | 1992 |  | 304,175 |  |  | 82.8 | % |  | 2,272 |  |  | 9.02 |  |  | Kroger |  | Burlington Coat Factory, CW Price |  |
237 |  |  | Hampton Village Centre |  | Rochester Hills |  | MI |  | Detroit-Warren-Dearborn, MI |  | 2004 |  | 454,719 |  |  | 99.9 | % |  | 5,633 |  |  | 16.22 |  |  | — |  | Best Buy, Emagine Theatre, Kohl's, T.J.Maxx |  | Target
238 |  |  | Fashion Corners |  | Saginaw |  | MI |  | Saginaw, MI |  | 2004 |  | 187,832 |  |  | 95.5 | % |  | 1,732 |  |  | 9.66 |  |  | — |  | Bed Bath & Beyond, Best Buy, Dunham's Sports |  |
239 |  |  | Green Acres |  | Saginaw |  | MI |  | Saginaw, MI |  | 2011 |  | 281,646 |  |  | 68.9 | % |  | 1,355 |  |  | 12.61 |  |  | Kroger |  | Ollie's Bargain Outlet, Planet Fitness |  |
240 |  |  | Hall Road Crossing |  | Shelby Township |  | MI |  | Detroit-Warren-Dearborn, MI |  | 1999 |  | 175,503 |  |  | 100.0 | % |  | 2,290 |  |  | 13.05 |  |  | — |  | Gander Mountain, Michaels, Old Navy, T.J.Maxx |  |
241 |  |  | Southfield Plaza |  | Southfield |  | MI |  | Detroit-Warren-Dearborn, MI |  | 2002 |  | 106,948 |  |  | 76.6 | % |  | 869 |  |  | 10.61 |  |  | — |  | Dollar Castle, Planet Fitness |  | Burlington Coat Factory
242 |  |  | 18 Ryan |  | Sterling Heights |  | MI |  | Detroit-Warren-Dearborn, MI |  | 1997 |  | 101,709 |  |  | 100.0 | % |  | 1,431 |  |  | 14.07 |  |  | VG's Food (SpartanNash) |  | O'Reilly Auto Parts, Planet Fitness |  |
243 |  |  | Delco Plaza |  | Sterling Heights |  | MI |  | Detroit-Warren-Dearborn, MI |  | 1996 |  | 154,853 |  |  | 100.0 | % |  | 885 |  |  | 5.72 |  |  | — |  | Babies"R"Us, Bed Bath & Beyond, Dunham's Mega Sports |  |
244 |  |  | Grand Traverse Crossing |  | Traverse City |  | MI |  | Traverse City, MI |  | 1996 |  | 412,755 |  |  | 96.9 | % |  | 2,646 |  |  | 27.57 |  |  | Walmart Supercenter |  | Books-A-Million, The Home Depot |  |
245 |  |  | West Ridge |  | Westland |  | MI |  | Detroit-Warren-Dearborn, MI |  | 1989 |  | 163,131 |  |  | 60.0 | % |  | 658 |  |  | 6.73 |  |  | — |  | Bargain Club, Office Solutions |  | Burlington Coat Factory, Target
246 |  |  | Roundtree Place |  | Ypsilanti |  | MI |  | Ann Arbor, MI |  | 1992 |  | 246,620 |  |  | 97.6 | % |  | 1,650 |  |  | 6.86 |  |  | — |  | Ollie's Bargain Outlet, Walmart |  |
247 |  |  | Washtenaw Fountain Plaza |  | Ypsilanti |  | MI |  | Ann Arbor, MI |  | 2005 |  | 123,390 |  |  | 89.2 | % |  | 736 |  |  | 6.68 |  |  | Save-A-Lot |  | Dollar Tree, Dunham's Sports, Planet Fitness |  |
248 |  |  | Southport Centre I - VI |  | Apple Valley |  | MN |  | Minneapolis-St. Paul-Bloomington, MN-WI |  | 1985 |  | 124,937 |  |  | 100.0 | % |  | 2,052 |  |  | 16.43 |  |  | SuperTarget* |  | Best Buy, Dollar Tree, Walgreens |  |
249 |  |  | Austin Town Center |  | Austin |  | MN |  | Austin, MN |  | 1999 |  | 110,680 |  |  | 73.3 | % |  | 550 |  |  | 6.78 |  |  | ALDI |  | Jo-Ann Fabric & Craft Stores, Staples |  | Target
250 |  |  | Burning Tree Plaza |  | Duluth |  | MN |  | Duluth, MN-WI |  | 1987 |  | 182,969 |  |  | 99.3 | % |  | 1,895 |  |  | 10.43 |  |  | — |  | Best Buy, Dunham's Sports, T.J.Maxx |  |
251 |  |  | Elk Park Center |  | Elk River |  | MN |  | Minneapolis-St. Paul-Bloomington, MN-WI |  | 1999 |  | 204,992 |  |  | 93.3 | % |  | 1,917 |  |  | 10.03 |  |  | Cub Foods (Jerry's Foods) |  | OfficeMax |  |
252 |  |  | Westwind Plaza |  | Minnetonka |  | MN |  | Minneapolis-St. Paul-Bloomington, MN-WI |  | 2007 |  | 87,942 |  |  | 98.4 | % |  | 1,253 |  |  | 14.48 |  |  | Cub Foods (Supervalu)* |  | — |  |
253 |  |  | Richfield Hub & West Shopping Ctr |  | Richfield |  | MN |  | Minneapolis-St. Paul-Bloomington, MN-WI |  | 1992 |  | 215,334 |  |  | 82.0 | % |  | 2,135 |  |  | 12.09 |  |  | Rainbow Foods (Jerry's Foods) |  | Marshalls, Michaels |  |
254 |  |  | Roseville Center |  | Roseville |  | MN |  | Minneapolis-St. Paul-Bloomington, MN-WI |  | 2000 |  | 76,894 |  |  | 75.3 | % |  | 830 |  |  | 14.33 |  |  | Cub Foods (Supervalu)* |  | Dollar Tree, Hancock Fabrics |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 42 |

PROPERTY LIST |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dollars in thousands except per square foot amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Year |  |  |  | Percent |  |  |  |  |  |  |  |  |  |
|  | Property Name |  | City |  | State |  | Metropolitan Statistical Area |  | Built |  | GLA |  | Leased |  | ABR |  | ABR / SF |  | Grocer (1) |  | Other Major Tenants |  | Non-Owned Major Tenants
255 |  |  | Marketplace @ 42 |  | Savage |  | MN |  | Minneapolis-St. Paul-Bloomington, MN-WI |  | 1999 |  | 117,873 |  |  | 90.0 | % |  | 1,430 |  |  | 13.48 |  |  | — |  | — |  |
256 |  |  | Sun Ray Shopping Center |  | St. Paul |  | MN |  | Minneapolis-St. Paul-Bloomington, MN-WI |  | 2013 |  | 290,392 |  |  | 88.2 | % |  | 2,250 |  |  | 11.82 |  |  | Cub Foods (Supervalu) |  | Blast Fitness, T.J.Maxx, Valu Thrift Store |  |
257 |  |  | White Bear Hills Shopping Center |  | White Bear Lake |  | MN |  | Minneapolis-St. Paul-Bloomington, MN-WI |  | 1996 |  | 73,095 |  |  | 100.0 | % |  | 691 |  |  | 9.46 |  |  | Festival Foods |  | Dollar Tree |  |
258 |  |  | Ellisville Square |  | Ellisville |  | MO |  | St. Louis, MO-IL |  | 2014 |  | 148,940 |  |  | 89.5 | % |  | 1,119 |  |  | 8.40 |  |  | — |  | Lukas Liquors |  |
259 |  |  | Clocktower Place |  | Florissant |  | MO |  | St. Louis, MO-IL |  | 2013 |  | 207,317 |  |  | 95.8 | % |  | 1,434 |  |  | 7.34 |  |  | ALDI |  | Florissant Furniture & Rug Gallery, Office Depot, Ross Dress for Less |  |
260 |  |  | Hub Shopping Center |  | Independence |  | MO |  | Kansas City, MO-KS |  | 1995 |  | 160,423 |  |  | 92.9 | % |  | 800 |  |  | 5.73 |  |  | Price Chopper |  | — |  |
261 |  |  | Watts Mill Plaza |  | Kansas City |  | MO |  | Kansas City, MO-KS |  | 1997 |  | 161,717 |  |  | 97.8 | % |  | 1,450 |  |  | 9.17 |  |  | Price Chopper |  | Ace Hardware |  |
262 |  |  | Liberty Corners |  | Liberty |  | MO |  | Kansas City, MO-KS |  | 1987 |  | 124,808 |  |  | 90.0 | % |  | 889 |  |  | 7.91 |  |  | Price Chopper |  | — |  |
263 |  |  | Maplewood Square |  | Maplewood |  | MO |  | St. Louis, MO-IL |  | 1998 |  | 71,590 |  |  | 88.6 | % |  | 428 |  |  | 6.75 |  |  | Shop 'n Save (Supervalu) |  | — |  |
264 |  |  | Clinton Crossing |  | Clinton |  | MS |  | Jackson, MS |  | 1990 |  | 112,148 |  |  | 99.0 | % |  | 1,055 |  |  | 9.78 |  |  | Kroger |  | — |  |
265 |  |  | County Line Plaza |  | Jackson |  | MS |  | Jackson, MS |  | 2014 |  | 221,127 |  |  | 66.8 | % |  | 1,758 |  |  | 11.89 |  |  | — |  | Conn's, Office Depot |  |
266 |  |  | Jacksonian Plaza |  | Jackson |  | MS |  | Jackson, MS |  | 1990 |  | 73,041 |  |  | 82.5 | % |  | 341 |  |  | 5.82 |  |  | Kroger* |  | Books-A-Million, Office Depot |  |
267 |  |  | Devonshire Place |  | Cary |  | NC |  | Raleigh, NC |  | 2012 |  | 106,680 |  |  | 100.0 | % |  | 1,425 |  |  | 24.82 |  |  | — |  | Dollar Tree, Golf Galaxy, REI |  |
268 |  |  | McMullen Creek Market |  | Charlotte |  | NC |  | Charlotte-Concord-Gastonia, NC-SC |  | 2014 |  | 265,418 |  |  | 85.3 | % |  | 2,769 |  |  | 12.23 |  |  | Walmart Neighborhood Market |  | Burlington Coat Factory, Dollar Tree, Rugged Warehouse |  |
269 |  |  | The Commons at Chancellor Park |  | Charlotte |  | NC |  | Charlotte-Concord-Gastonia, NC-SC |  | 2005 |  | 348,604 |  |  | 73.0 | % |  | 1,600 |  |  | 10.75 |  |  | — |  | Big Lots, The Home Depot, Value City Furniture |  |
270 |  |  | Parkwest Crossing |  | Durham |  | NC |  | Durham-Chapel Hill, NC |  | 1990 |  | 85,602 |  |  | 94.9 | % |  | 814 |  |  | 10.02 |  |  | Food Lion |  | Dollar Tree |  |
271 |  |  | Macon Plaza |  | Franklin |  | NC |  | — |  | 2001 |  | 92,787 |  |  | 86.9 | % |  | 442 |  |  | 5.48 |  |  | BI-LO |  | Peebles |  |
272 |  |  | Garner Towne Square |  | Garner |  | NC |  | Raleigh, NC |  | 1997 |  | 184,347 |  |  | 94.9 | % |  | 2,156 |  |  | 12.32 |  |  | Kroger |  | OfficeMax, PetSmart |  | Target, The Home Depot
273 |  |  | Franklin Square |  | Gastonia |  | NC |  | Charlotte-Concord-Gastonia, NC-SC |  | 2007 |  | 318,435 |  |  | 88.2 | % |  | 2,949 |  |  | 11.77 |  |  | Walmart Supercenter* |  | Bed Bath & Beyond, Best Buy, Michaels, OfficeMax, Ross Dress for Less |  |
274 |  |  | Wendover Place |  | Greensboro |  | NC |  | Greensboro-High Point, NC |  | 2000 |  | 406,768 |  |  | 97.5 | % |  | 4,547 |  |  | 11.47 |  |  | — |  | Babies"R"Us, Christmas Tree Shops, Dick's Sporting Goods, Kohl's, Michaels, Old Navy, PetSmart |  | Ross Dress for Less, Target
275 |  |  | University Commons |  | Greenville |  | NC |  | Greenville, NC |  | 2014 |  | 233,153 |  |  | 100.0 | % |  | 3,024 |  |  | 12.97 |  |  | Harris Teeter (Kroger) |  | A.C. Moore, Barnes & Noble, Petco, T.J.Maxx |  | Target
276 |  |  | Valley Crossing |  | Hickory |  | NC |  | Hickory-Lenoir-Morganton, NC |  | 2014 |  | 191,431 |  |  | 100.0 | % |  | 1,678 |  |  | 8.76 |  |  | — |  | Academy Sports + Outdoors, Harbor Freight Tools, Ollie's Bargain Outlet |  |
277 |  |  | Kinston Pointe |  | Kinston |  | NC |  | Kinston, NC |  | 2001 |  | 250,580 |  |  | 98.5 | % |  | 824 |  |  | 13.50 |  |  | Walmart Supercenter |  | Dollar Tree |  |
278 |  |  | Magnolia Plaza |  | Morganton |  | NC |  | Hickory-Lenoir-Morganton, NC |  | 1990 |  | 104,539 |  |  | 39.3 | % |  | 254 |  |  | 6.19 |  |  | Ingles |  | — |  | Walmart
279 |  |  | Roxboro Square |  | Roxboro |  | NC |  | Durham-Chapel Hill, NC |  | 2005 |  | 97,226 |  |  | 97.2 | % |  | 1,220 |  |  | 13.79 |  |  | — |  | Person County Health & Human Services |  |
280 |  |  | Innes Street Market |  | Salisbury |  | NC |  | Charlotte-Concord-Gastonia, NC-SC |  | 2002 |  | 349,425 |  |  | 97.7 | % |  | 3,607 |  |  | 10.57 |  |  | Food Lion |  | Lowe's, Marshalls, Old Navy, PetSmart, Staples, Tinseltown |  |
281 |  |  | Salisbury Marketplace |  | Salisbury |  | NC |  | Charlotte-Concord-Gastonia, NC-SC |  | 1987 |  | 79,732 |  |  | 70.3 | % |  | 594 |  |  | 10.60 |  |  | Food Lion |  | Family Dollar |  |
282 |  |  | Crossroads |  | Statesville |  | NC |  | Charlotte-Concord-Gastonia, NC-SC |  | 1997 |  | 340,189 |  |  | 97.8 | % |  | 1,926 |  |  | 5.79 |  |  | Walmart Supercenter |  | Big Lots, Burke's Outlet, Tractor Supply |  |
283 |  |  | Anson Station |  | Wadesboro |  | NC |  | Charlotte-Concord-Gastonia, NC-SC |  | 1988 |  | 132,353 |  |  | 64.6 | % |  | 557 |  |  | 6.51 |  |  | Food Lion |  | Goody's, Tractor Supply Co. |  |
284 |  |  | New Centre Market |  | Wilmington |  | NC |  | Wilmington, NC |  | 1998 |  | 143,762 |  |  | 96.4 | % |  | 1,800 |  |  | 13.36 |  |  | — |  | Marshalls, OfficeMax, PetSmart |  | Target
285 |  |  | University Commons |  | Wilmington |  | NC |  | Wilmington, NC |  | 2007 |  | 235,345 |  |  | 98.5 | % |  | 3,209 |  |  | 13.84 |  |  | Lowes Foods |  | A.C. Moore, HomeGoods, T.J.Maxx |  |
286 |  |  | Whitaker Square |  | Winston Salem |  | NC |  | Winston-Salem, NC |  | 1996 |  | 82,760 |  |  | 98.3 | % |  | 1,071 |  |  | 13.16 |  |  | Harris Teeter (Kroger) |  | Rugged Wearhouse |  |
287 |  |  | Parkway Plaza |  | Winston-Salem |  | NC |  | Winston-Salem, NC |  | 2005 |  | 283,830 |  |  | 91.5 | % |  | 2,745 |  |  | 11.13 |  |  | Super Compare Foods |  | Big Lots, Citi Trends, Office Depot |  |
288 |  |  | Stratford Commons |  | Winston-Salem |  | NC |  | Winston-Salem, NC |  | 1995 |  | 72,308 |  |  | 94.8 | % |  | 963 |  |  | 14.05 |  |  | — |  | Golf Galaxy, Mattress Firm, OfficeMax |  |
289 |  |  | Bedford Grove |  | Bedford |  | NH |  | Manchester-Nashua, NH |  | 1989 |  | 216,941 |  |  | 95.7 | % |  | 1,879 |  |  | 21.24 |  |  | Hannaford Bros. (Delhaize) |  | Walmart |  |
290 |  |  | Capitol Shopping Center |  | Concord |  | NH |  | Concord, NH |  | 2001 |  | 182,887 |  |  | 100.0 | % |  | 1,898 |  |  | 10.62 |  |  | DeMoulas Supermarkets |  | Burlington Coat Factory, Jo-Ann Fabric & Craft Stores, Marshalls |  |
291 |  |  | Willow Springs Plaza |  | Nashua |  | NH |  | Manchester-Nashua, NH |  | 1990 |  | 131,248 |  |  | 100.0 | % |  | 2,109 |  |  | 17.51 |  |  | — |  | JC Penney, Jordan's Warehouse, NAMCO, Petco |  | The Home Depot
292 |  |  | Seacoast Shopping Center |  | Seabrook |  | NH |  | Boston-Cambridge-Newton, MA-NH |  | 1991 |  | 91,690 |  |  | 84.5 | % |  | 945 |  |  | 12.20 |  |  | — |  | Jo-Ann Fabric & Craft Stores |  |
293 |  |  | Tri-City Plaza |  | Somersworth |  | NH |  | Boston-Cambridge-Newton, MA-NH |  | 1990 |  | 146,811 |  |  | 90.8 | % |  | 1,110 |  |  | 8.32 |  |  | DeMoulas Supermarkets |  | T.J.Maxx |  |
294 |  |  | Laurel Square |  | Brick |  | NJ |  | New York-Newark-Jersey City, NY-NJ-PA |  | 2003 |  | 246,235 |  |  | 89.1 | % |  | 1,656 |  |  | 7.55 |  |  | Pathmark (A&P) |  | Kmart |  |
295 |  |  | the Shoppes at Cinnaminson |  | Cinnaminson |  | NJ |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 2010 |  | 296,109 |  |  | 96.6 | % |  | 4,185 |  |  | 21.59 |  |  | ShopRite |  | Burlington Coat Factory, Ross Dress For Less |  |
296 |  |  | A&P Fresh Market |  | Clark |  | NJ |  | New York-Newark-Jersey City, NY-NJ-PA |  | 2007 |  | 52,812 |  |  | 100.0 | % |  | 1,357 |  |  | 25.70 |  |  | A&P Fresh |  | — |  |
297 |  |  | Collegetown Shopping Center |  | Glassboro |  | NJ |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 2014 |  | 250,515 |  |  | 93.6 | % |  | 1,946 |  |  | 8.30 |  |  | — |  | Kmart, LA Fitness, Staples |  |
298 |  |  | Hamilton Plaza-Kmart Plaza |  | Hamilton |  | NJ |  | Trenton, NJ |  | 2014 |  | 148,819 |  |  | 98.0 | % |  | 1,045 |  |  | 7.16 |  |  | — |  | Kmart |  |
299 |  |  | Bennetts Mills Plaza |  | Jackson |  | NJ |  | New York-Newark-Jersey City, NY-NJ-PA |  | 2002 |  | 127,230 |  |  | 89.2 | % |  | 1,449 |  |  | 31.24 |  |  | Super Stop & Shop (Ahold) |  | — |  |
300 |  |  | Lakewood Plaza |  | Lakewood |  | NJ |  | New York-Newark-Jersey City, NY-NJ-PA |  | 1966 |  | 203,547 |  |  | 96.5 | % |  | 2,917 |  |  | 14.85 |  |  | ShopRite |  | — |  |
301 |  |  | Marlton Crossing |  | Marlton |  | NJ |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 2013 |  | 333,255 |  |  | 97.8 | % |  | 5,099 |  |  | 15.65 |  |  | — |  | Burlington Coat Factory, DSW, HomeGoods, T.J.Maxx |  |
302 |  |  | Middletown Plaza |  | Middletown |  | NJ |  | New York-Newark-Jersey City, NY-NJ-PA |  | 2001 |  | 197,466 |  |  | 94.9 | % |  | 3,528 |  |  | 18.82 |  |  | ShopRite |  | — |  |
303 |  |  | Old Bridge Gateway |  | Old Bridge |  | NJ |  | New York-Newark-Jersey City, NY-NJ-PA |  | 1995 |  | 242,995 |  |  | 89.0 | % |  | 3,420 |  |  | 15.81 |  |  | Bhavani Food Market |  | Marshalls, Pep Boys, Robert Wood Johnson Fitness |  |
304 |  |  | Morris Hills Shopping Center |  | Parsippany |  | NJ |  | New York-Newark-Jersey City, NY-NJ-PA |  | 1994 |  | 159,403 |  |  | 92.5 | % |  | 2,620 |  |  | 23.17 |  |  | — |  | Blink Fitness (Equinox), Clearview Cinema Group, HomeGoods, Marshalls |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 43 |

PROPERTY LIST |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dollars in thousands except per square foot amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Year |  |  |  | Percent |  |  |  |  |  |  |  |  |  |
|  | Property Name |  | City |  | State |  | Metropolitan Statistical Area |  | Built |  | GLA |  | Leased |  | ABR |  | ABR / SF |  | Grocer (1) |  | Other Major Tenants |  | Non-Owned Major Tenants
305 |  |  | Rio Grande Plaza |  | Rio Grande |  | NJ |  | Ocean City, NJ |  | 1997 |  | 141,355 |  |  | 94.0 | % |  | 1,542 |  |  | 11.60 |  |  | ShopRite* |  | JC Penney, Peebles, PetSmart |  |
306 |  |  | Ocean Heights Shopping Center |  | Somers Point |  | NJ |  | Atlantic City-Hammonton, NJ |  | 2006 |  | 179,199 |  |  | 99.1 | % |  | 3,155 |  |  | 17.77 |  |  | ShopRite |  | Staples |  |
307 |  |  | ShopRite Supermarket |  | Springfield |  | NJ |  | New York-Newark-Jersey City, NY-NJ-PA |  | 1965 |  | 32,209 |  |  | 100.0 | % |  | 389 |  |  | 12.09 |  |  | ShopRite |  | — |  |
308 |  |  | Tinton Falls Plaza |  | Tinton Falls |  | NJ |  | New York-Newark-Jersey City, NY-NJ-PA |  | 2006 |  | 98,410 |  |  | 83.1 | % |  | 1,294 |  |  | 15.82 |  |  | A&P* |  | Dollar Tree, WOW! Fitness |  |
309 |  |  | Cross Keys Commons |  | Turnersville |  | NJ |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 1996 |  | 216,623 |  |  | 93.0 | % |  | 3,197 |  |  | 15.88 |  |  | Walmart Supercenter* |  | Marshalls, Ross Dress for Less |  |
310 |  |  | Dover Park Plaza |  | Yardville |  | NJ |  | Trenton, NJ |  | 2005 |  | 56,751 |  |  | 80.5 | % |  | 689 |  |  | 15.09 |  |  | — |  | CVS, Dollar Tree |  |
311 |  |  | St Francis Plaza |  | Santa Fe |  | NM |  | Santa Fe, NM |  | 1993 |  | 35,800 |  |  | 100.0 | % |  | 413 |  |  | 11.54 |  |  | Whole Foods Market |  | Walgreens |  |
312 |  |  | Smith's |  | Socorro |  | NM |  | — |  | 1976 |  | 48,000 |  |  | 100.0 | % |  | 506 |  |  | 10.54 |  |  | Smith's (Kroger) |  | — |  |
313 |  |  | Galleria Commons |  | Henderson |  | NV |  | Las Vegas-Henderson-Paradise, NV |  | 2005 |  | 275,011 |  |  | 96.4 | % |  | 2,876 |  |  | 10.84 |  |  | — |  | Babies"R"Us, Burlington Coat Factory, Stein Mart, T.J.Maxx |  |
314 |  |  | Montecito Marketplace |  | Las Vegas |  | NV |  | Las Vegas-Henderson-Paradise, NV |  | 2006 |  | 190,434 |  |  | 100.0 | % |  | 3,704 |  |  | 19.45 |  |  | Smith's (Kroger) |  | T.J.Maxx |  |
315 |  |  | Renaissance Center East |  | Las Vegas |  | NV |  | Las Vegas-Henderson-Paradise, NV |  | 2012 |  | 144,216 |  |  | 75.0 | % |  | 1,313 |  |  | 12.13 |  |  | — |  | Savers |  |
316 |  |  | Parkway Plaza |  | Carle Place |  | NY |  | New York-Newark-Jersey City, NY-NJ-PA |  | 1993 |  | 89,704 |  |  | 96.0 | % |  | 2,267 |  |  | 26.32 |  |  | — |  | Minado, Stew Leonard's Wines, T.J.Maxx |  |
317 |  |  | Kmart Plaza |  | Dewitt |  | NY |  | Syracuse, NY |  | 2014 |  | 115,500 |  |  | 94.7 | % |  | 561 |  |  | 22.09 |  |  | — |  | Kmart, OfficeMax |  |
318 |  |  | Unity Plaza |  | East Fishkill |  | NY |  | New York-Newark-Jersey City, NY-NJ-PA |  | 2005 |  | 67,462 |  |  | 95.3 | % |  | 1,350 |  |  | 21.01 |  |  | A&P Fresh |  | — |  |
319 |  |  | Suffolk Plaza |  | East Setauket |  | NY |  | New York-Newark-Jersey City, NY-NJ-PA |  | 1998 |  | 84,480 |  |  | 98.1 | % |  | 1,049 |  |  | 12.66 |  |  | Waldbaum's (A&P) |  | — |  | Kohl's
320 |  |  | Three Village Shopping Center |  | East Setauket |  | NY |  | New York-Newark-Jersey City, NY-NJ-PA |  | 1991 |  | 77,458 |  |  | 97.1 | % |  | 1,807 |  |  | 24.02 |  |  | King Kullen |  | Ace Hardware |  |
321 |  |  | Stewart Plaza |  | Garden City |  | NY |  | New York-Newark-Jersey City, NY-NJ-PA |  | 1990 |  | 193,622 |  |  | 88.9 | % |  | 2,538 |  |  | 14.74 |  |  | — |  | Burlington Coat Factory, K&G Men's Center |  |
322 |  |  | Genesee Valley Shopping Center |  | Geneseo |  | NY |  | Rochester, NY |  | 2007 |  | 191,314 |  |  | 100.0 | % |  | 1,735 |  |  | 9.33 |  |  | Wegmans |  | Tractor Supply Co. |  |
323 |  |  | McKinley Plaza |  | Hamburg |  | NY |  | Buffalo-Cheektowaga-Niagara Falls, NY |  | 1991 |  | 93,144 |  |  | 97.9 | % |  | 1,257 |  |  | 13.80 |  |  | Wegmans* |  | A.C. Moore, T.J.Maxx |  |
324 |  |  | Dalewood I, II & III Shopping Center |  | Hartsdale |  | NY |  | New York-Newark-Jersey City, NY-NJ-PA |  | 2012 |  | 191,441 |  |  | 100.0 | % |  | 5,893 |  |  | 31.45 |  |  | H-Mart, Mrs. Green's Natural Market |  | Christmas Tree Shops, T.J.Maxx |  |
325 |  |  | Hornell Plaza |  | Hornell |  | NY |  | Corning, NY |  | 2005 |  | 253,335 |  |  | 100.0 | % |  | 2,025 |  |  | 7.99 |  |  | Wegmans |  | Walmart |  |
326 |  |  | Cayuga Mall |  | Ithaca |  | NY |  | Ithaca, NY |  | 2013 |  | 204,830 |  |  | 96.7 | % |  | 1,632 |  |  | 8.24 |  |  | — |  | Jo-Ann Fabric & Craft Stores, Party City, Rite Aid, T.J.Maxx, True Value |  |
327 |  |  | Kings Park Shopping Center |  | Kings Park |  | NY |  | New York-Newark-Jersey City, NY-NJ-PA |  | 1985 |  | 71,940 |  |  | 98.3 | % |  | 1,404 |  |  | 19.85 |  |  | Key Food Marketplace |  | T.J.Maxx |  |
328 |  |  | Village Square |  | Larchmont |  | NY |  | New York-Newark-Jersey City, NY-NJ-PA |  | 1981 |  | 17,000 |  |  | 100.0 | % |  | 563 |  |  | 33.12 |  |  | Trader Joe's |  | — |  |
329 |  |  | Falcaro's Plaza |  | Lawrence |  | NY |  | New York-Newark-Jersey City, NY-NJ-PA |  | 1972 |  | 61,118 |  |  | 91.5 | % |  | 1,095 |  |  | 19.58 |  |  | — |  | Advance Auto Parts, OfficeMax |  |
330 |  |  | Shops at Seneca Mall |  | Liverpool |  | NY |  | Syracuse, NY |  | 2005 |  | 231,024 |  |  | 66.7 | % |  | 710 |  |  | 4.61 |  |  | — |  | Big Lots, Kmart |  |
331 |  |  | A & P Mamaroneck |  | Mamaroneck |  | NY |  | New York-Newark-Jersey City, NY-NJ-PA |  | 1976 |  | 24,978 |  |  | 100.0 | % |  | 177 |  |  | — |  |  | A&P |  | — |  |
332 |  |  | Sunshine Square |  | Medford |  | NY |  | New York-Newark-Jersey City, NY-NJ-PA |  | 2007 |  | 223,322 |  |  | 91.2 | % |  | 2,690 |  |  | 13.21 |  |  | Super Stop & Shop (Ahold) |  | Planet Fitness, Savers |  |
333 |  |  | Wallkill Plaza |  | Middletown |  | NY |  | New York-Newark-Jersey City, NY-NJ-PA |  | 2012 |  | 209,960 |  |  | 87.6 | % |  | 1,852 |  |  | 10.42 |  |  | — |  | Ashley Furniture, Big Lots, Hobby Lobby |  |
334 |  |  | Monroe ShopRite Plaza |  | Monroe |  | NY |  | New York-Newark-Jersey City, NY-NJ-PA |  | 1985 |  | 122,007 |  |  | 100.0 | % |  | 1,856 |  |  | 15.21 |  |  | ShopRite |  | Retro Fitness, Rite Aid, U.S. Post Office |  |
335 |  |  | Rockland Plaza |  | Nanuet |  | NY |  | New York-Newark-Jersey City, NY-NJ-PA |  | 2006 |  | 252,537 |  |  | 93.7 | % |  | 5,807 |  |  | 24.54 |  |  | A Matter of Health |  | Barnes & Noble, Marshalls, Modell's Sporting Goods, Petco |  |
336 |  |  | North Ridge Plaza |  | New Rochelle |  | NY |  | New York-Newark-Jersey City, NY-NJ-PA |  | 1971 |  | 40,991 |  |  | 77.7 | % |  | 1,135 |  |  | 35.63 |  |  | — |  | Harmon Discount |  |
337 |  |  | Nesconset Shopping Center |  | Port Jefferson Station | NY |  | New York-Newark-Jersey City, NY-NJ-PA |  | 2012 |  | 122,996 |  |  | 100.0 | % |  | 2,426 |  |  | 19.72 |  |  | — |  | Dollar Tree, HomeGoods |  |
338 |  |  | Port Washington |  | Port Washington |  | NY |  | New York-Newark-Jersey City, NY-NJ-PA |  | 1968 |  | 19,600 |  |  | 100.0 | % |  | 112 |  |  | 5.69 |  |  | North Shore Farms |  | — |  |
339 |  |  | Roanoke Plaza |  | Riverhead |  | NY |  | New York-Newark-Jersey City, NY-NJ-PA |  | 2002 |  | 99,131 |  |  | 100.0 | % |  | 1,708 |  |  | 17.23 |  |  | Best Yet Market |  | CVS, T.J.Maxx |  |
340 |  |  | Rockville Centre |  | Rockville Centre |  | NY |  | New York-Newark-Jersey City, NY-NJ-PA |  | 1975 |  | 44,131 |  |  | 100.0 | % |  | 831 |  |  | 18.82 |  |  | — |  | HomeGoods, Rite Aid |  |
341 |  |  | Mohawk Acres |  | Rome |  | NY |  | Utica-Rome, NY |  | 2005 |  | 159,701 |  |  | 88.9 | % |  | 1,475 |  |  | 10.38 |  |  | Price Chopper |  | — |  |
342 |  |  | College Plaza |  | Selden |  | NY |  | New York-Newark-Jersey City, NY-NJ-PA |  | 2013 |  | 180,182 |  |  | 96.7 | % |  | 2,809 |  |  | 16.13 |  |  | ShopRite |  | Blink Fitness (Equinox), Bob's Stores, Rite Aid |  |
343 |  |  | Campus Plaza |  | Vestal |  | NY |  | Binghamton, NY |  | 2003 |  | 160,744 |  |  | 95.8 | % |  | 1,660 |  |  | 10.78 |  |  | — |  | Olum's Furniture & Appliances, Staples |  |
344 |  |  | Parkway Plaza |  | Vestal |  | NY |  | Binghamton, NY |  | 2012 |  | 204,954 |  |  | 100.0 | % |  | 2,069 |  |  | 10.10 |  |  | PriceRite (ShopRite) |  | Bed Bath & Beyond, Kohl's, PetSmart |  | Target
345 |  |  | Shoppes at Vestal |  | Vestal |  | NY |  | Binghamton, NY |  | 2000 |  | 92,328 |  |  | 100.0 | % |  | 1,392 |  |  | 15.07 |  |  | — |  | HomeGoods, Michaels, Old Navy |  |
346 |  |  | Town Square Mall |  | Vestal |  | NY |  | Binghamton, NY |  | 2012 |  | 293,181 |  |  | 99.4 | % |  | 4,546 |  |  | 15.60 |  |  | Sam's Club*, Walmart Supercenter* |  | Barnes & Noble, Dick's Sporting Goods, Lowes Cinemas, T.J.Maxx |  |
347 |  |  | The Plaza at Salmon Run |  | Watertown |  | NY |  | Watertown-Fort Drum, NY |  | 1993 |  | 68,761 |  |  | 100.0 | % |  | 690 |  |  | 10.03 |  |  | Hannaford Bros. (Delhaize) |  | Pier 1 Imports |  |
348 |  |  | Highridge Plaza |  | Yonkers |  | NY |  | New York-Newark-Jersey City, NY-NJ-PA |  | 1977 |  | 88,501 |  |  | 95.7 | % |  | 1,742 |  |  | 20.57 |  |  | Pathmark (A&P) |  | — |  |
349 |  |  | Brunswick Town Center |  | Brunswick |  | OH |  | Cleveland-Elyria, OH |  | 2004 |  | 138,407 |  |  | 96.3 | % |  | 1,825 |  |  | 13.69 |  |  | Giant Eagle |  | — |  | The Home Depot
350 |  |  | 30th Street Plaza |  | Canton |  | OH |  | Canton-Massillon, OH |  | 1999 |  | 157,055 |  |  | 87.0 | % |  | 1,408 |  |  | 10.30 |  |  | Giant Eagle, Marc's |  | — |  |
351 |  |  | Brentwood Plaza |  | Cincinnati |  | OH |  | Cincinnati, OH-KY-IN |  | 2004 |  | 227,952 |  |  | 97.2 | % |  | 2,243 |  |  | 10.49 |  |  | Kroger |  | Conway |  |
352 |  |  | Delhi Shopping Center |  | Cincinnati |  | OH |  | Cincinnati, OH-KY-IN |  | 2012 |  | 170,170 |  |  | 95.3 | % |  | 1,428 |  |  | 8.99 |  |  | Kroger |  | Salvation Army |  |
353 |  |  | Harpers Station |  | Cincinnati |  | OH |  | Cincinnati, OH-KY-IN |  | 2014 |  | 244,162 |  |  | 95.0 | % |  | 3,005 |  |  | 12.96 |  |  | Fresh Thyme Farmers Market |  | HomeGoods, LA Fitness, Stein Mart, T.J.Maxx |  |
354 |  |  | Western Hills Plaza |  | Cincinnati |  | OH |  | Cincinnati, OH-KY-IN |  | 2011 |  | 314,754 |  |  | 100.0 | % |  | 3,698 |  |  | 12.08 |  |  | — |  | Bed Bath & Beyond, Michaels, Sears, Staples, T.J.Maxx |  | Target
355 |  |  | Western Village |  | Cincinnati |  | OH |  | Cincinnati, OH-KY-IN |  | 2005 |  | 115,116 |  |  | 100.0 | % |  | 1,086 |  |  | 9.44 |  |  | Kroger |  | — |  |
356 |  |  | Crown Point |  | Columbus |  | OH |  | Columbus, OH |  | 1998 |  | 145,115 |  |  | 98.9 | % |  | 1,409 |  |  | 9.81 |  |  | Kroger |  | Planet Fitness |  |
357 |  |  | Greentree Shopping Center |  | Columbus |  | OH |  | Columbus, OH |  | 2005 |  | 131,012 |  |  | 84.8 | % |  | 1,103 |  |  | 10.69 |  |  | Kroger |  | — |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 44 |

PROPERTY LIST |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dollars in thousands except per square foot amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Year |  |  |  | Percent |  |  |  |  |  |  |  |  |  |
|  | Property Name |  | City |  | State |  | Metropolitan Statistical Area |  | Built |  | GLA |  | Leased |  | ABR |  | ABR / SF |  | Grocer (1) |  | Other Major Tenants |  | Non-Owned Major Tenants
358 |  |  | Brandt Pike Place |  | Dayton |  | OH |  | Dayton, OH |  | 2008 |  | 17,900 |  |  | 100.0 | % |  | 165 |  |  | 9.22 |  |  | Kroger* |  | — |  |
359 |  |  | South Towne Centre |  | Dayton |  | OH |  | Dayton, OH |  | 2013 |  | 331,797 |  |  | 94.8 | % |  | 3,993 |  |  | 13.67 |  |  | Health Foods Unlimited |  | Burlington Coat Factory, Christmas Tree Shops, Jo-Ann Fabric & Craft Stores, Value City Furniture |  |
360 |  |  | The Vineyards |  | Eastlake |  | OH |  | Cleveland-Elyria, OH |  | 1989 |  | 144,820 |  |  | 86.4 | % |  | 717 |  |  | 5.73 |  |  | Good Cents Grocery + More (Giant Eagle) |  | Harbor Freight Tools |  | Walmart
361 |  |  | Midway Market Square |  | Elyria |  | OH |  | Cleveland-Elyria, OH |  | 2014 |  | 232,252 |  |  | 86.0 | % |  | 2,310 |  |  | 11.56 |  |  | Giant Eagle |  | Dick's Sporting Goods, Jo-Ann Fabric & Craft Stores |  | Target, The Home Depot
362 |  |  | Southland Shopping Center |  | Middleburg Heights | OH |  | Cleveland-Elyria, OH |  | 2013 |  | 696,359 |  |  | 92.8 | % |  | 6,101 |  |  | 9.44 |  |  | BJ's Wholesale Club, Giant Eagle, Marc's |  | Burlington Coat Factory, Cleveland Furniture Bank, Jo-Ann Fabric & Craft Stores, Marshalls |  |
363 |  |  | Tops Plaza |  | North Olmsted |  | OH |  | Cleveland-Elyria, OH |  | 2002 |  | 70,003 |  |  | 100.0 | % |  | 1,057 |  |  | 15.10 |  |  | — |  | Ollie's Bargain Outlet, Sears Outlet |  |
364 |  |  | Tops Plaza |  | North Ridgeville |  | OH |  | Cleveland-Elyria, OH |  | 2002 |  | 60,830 |  |  | 90.8 | % |  | 805 |  |  | 14.57 |  |  | — |  | Pat Catan's Craft Centers |  |
365 |  |  | Surrey Square Mall |  | Norwood |  | OH |  | Cincinnati, OH-KY-IN |  | 2010 |  | 173,242 |  |  | 94.7 | % |  | 2,007 |  |  | 25.16 |  |  | Kroger |  | Marshalls |  |
366 |  |  | Market Place |  | Piqua |  | OH |  | Dayton, OH |  | 2012 |  | 182,824 |  |  | 92.5 | % |  | 654 |  |  | 6.88 |  |  | Kroger |  | Roses |  |
367 |  |  | Brice Park |  | Reynoldsburg |  | OH |  | Columbus, OH |  | 1989 |  | 158,565 |  |  | 83.2 | % |  | 1,185 |  |  | 9.83 |  |  | — |  | Ashley Furniture, Michaels |  |
368 |  |  | Streetsboro Crossing |  | Streetsboro |  | OH |  | Akron, OH |  | 2002 |  | 89,436 |  |  | 100.0 | % |  | 682 |  |  | 7.62 |  |  | Giant Eagle |  | — |  | Lowe's
369 |  |  | Miracle Mile Shopping Plaza |  | Toledo |  | OH |  | Toledo, OH |  | 1955 |  | 318,174 |  |  | 68.7 | % |  | 1,358 |  |  | 6.22 |  |  | Kroger |  | Big Lots |  |
370 |  |  | Southland Shopping Plaza |  | Toledo |  | OH |  | Toledo, OH |  | 1988 |  | 290,892 |  |  | 84.6 | % |  | 1,495 |  |  | 6.08 |  |  | Kroger |  | Big Lots, Planet Fitness, Shopper's World |  |
371 |  |  | Wadsworth Crossings |  | Wadsworth |  | OH |  | Cleveland-Elyria, OH |  | 2005 |  | 108,166 |  |  | 94.1 | % |  | 1,573 |  |  | 15.45 |  |  | — |  | Bed Bath & Beyond, MC Sports, OfficeMax, Petco |  | Kohl's, Lowe's, Target
372 |  |  | Northgate Plaza |  | Westerville |  | OH |  | Columbus, OH |  | 2008 |  | 12,819 |  |  | 100.0 | % |  | 210 |  |  | 16.38 |  |  | Kroger* |  | — |  | The Home Depot
373 |  |  | Marketplace |  | Tulsa |  | OK |  | Tulsa, OK |  | 1992 |  | 186,851 |  |  | 100.0 | % |  | 1,760 |  |  | 9.42 |  |  | — |  | Conn's, Drysdales, PetSmart |  | Best Buy, JC Penney Home Store
374 |  |  | Village West |  | Allentown |  | PA |  | Allentown-Bethlehem-Easton, PA-NJ |  | 1999 |  | 140,474 |  |  | 99.4 | % |  | 2,496 |  |  | 17.88 |  |  | Giant Food (Ahold) |  | — |  |
375 |  |  | Park Hills Plaza |  | Altoona |  | PA |  | Altoona, PA |  | 1985 |  | 279,746 |  |  | 93.9 | % |  | 2,037 |  |  | 7.75 |  |  | Weis Markets |  | Dunham's Sports, Petco, Toys"R"Us |  |
376 |  |  | Bensalem Square |  | Bensalem |  | PA |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 1986 |  | 70,378 |  |  | 100.0 | % |  | 684 |  |  | 9.72 |  |  | Redner's Warehouse Market |  | — |  |
377 |  |  | Bethel Park |  | Bethel Park |  | PA |  | Pittsburgh, PA |  | 2004 |  | 218,714 |  |  | 95.7 | % |  | 1,613 |  |  | 8.50 |  |  | Giant Eagle |  | Walmart |  |
378 |  |  | Bethlehem Square |  | Bethlehem |  | PA |  | Allentown-Bethlehem-Easton, PA-NJ |  | 1994 |  | 389,450 |  |  | 100.0 | % |  | 3,639 |  |  | 9.34 |  |  | Giant Food (Ahold) |  | T.J.Maxx, The Home Depot, Walmart |  |
379 |  |  | Lehigh Shopping Center |  | Bethlehem |  | PA |  | Allentown-Bethlehem-Easton, PA-NJ |  | 2013 |  | 378,358 |  |  | 96.9 | % |  | 3,153 |  |  | 10.80 |  |  | Giant Food (Ahold) |  | Big Lots, Mega Marshalls, PetSmart, Staples, Wells Fargo |  |
380 |  |  | Boyertown Shopping Center |  | Boyertown |  | PA |  | Reading, PA |  | 2012 |  | 83,229 |  |  | 97.1 | % |  | 755 |  |  | 9.35 |  |  | — |  | Advance Auto Parts, Big Lots, CVS, Tractor Supply |  |
381 |  |  | Bristol Park |  | Bristol |  | PA |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 2013 |  | 276,653 |  |  | 99.4 | % |  | 2,354 |  |  | 8.56 |  |  | Walmart Supercenter |  | Ollie's Bargain Outlet |  |
382 |  |  | Chalfont Village Shopping Center |  | Chalfont |  | PA |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 1989 |  | 46,051 |  |  | 78.7 | % |  | 427 |  |  | 11.79 |  |  | — |  | — |  |
383 |  |  | New Britain Village Square |  | Chalfont |  | PA |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 1989 |  | 143,716 |  |  | 95.4 | % |  | 2,321 |  |  | 16.92 |  |  | Giant Food (Ahold) |  | — |  |
384 |  |  | Collegeville Shopping Center |  | Collegeville |  | PA |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 2004 |  | 110,696 |  |  | 52.0 | % |  | 813 |  |  | 14.12 |  |  | Bhavani Food Market |  | Pep Boys, Rascal Fitness |  |
385 |  |  | Whitemarsh Shopping Center |  | Conshohocken |  | PA |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 2002 |  | 67,476 |  |  | 100.0 | % |  | 1,366 |  |  | 20.25 |  |  | Giant Food (Ahold) |  | Wine & Spirits Shoppe |  |
386 |  |  | Valley Fair |  | Devon |  | PA |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 2001 |  | 105,086 |  |  | 100.0 | % |  | 1,004 |  |  | 9.56 |  |  | — |  | Chuck E. Cheese's, Mealey's Furniture |  |
387 |  |  | Dickson City Crossings |  | Dickson City |  | PA |  | Scranton--Wilkes-Barre--Hazleton, PA |  | 1997 |  | 302,929 |  |  | 100.0 | % |  | 3,118 |  |  | 15.66 |  |  | — |  | Dick's Sporting Goods, hhgregg, PetSmart, T.J.Maxx, The Home Depot |  |
388 |  |  | Dillsburg Shopping Center |  | Dillsburg |  | PA |  | York-Hanover, PA |  | 2014 |  | 153,088 |  |  | 100.0 | % |  | 1,913 |  |  | 12.73 |  |  | Giant Food (Ahold) |  | Tractor Supply Co. |  |
389 |  |  | Barn Plaza |  | Doylestown |  | PA |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 2002 |  | 237,681 |  |  | 97.9 | % |  | 3,154 |  |  | 13.55 |  |  | — |  | Kohl's, Marshalls, Regal Cinemas |  |
390 |  |  | Pilgrim Gardens |  | Drexel Hill |  | PA |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 2014 |  | 79,252 |  |  | 90.9 | % |  | 1,055 |  |  | 14.65 |  |  | — |  | Dollar Tree, Ross Dress for Less |  |
391 |  |  | Gilbertsville Shopping Center |  | Gilbertsville |  | PA |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 2002 |  | 85,748 |  |  | 91.7 | % |  | 683 |  |  | 8.68 |  |  | Weis Markets |  | — |  |
392 |  |  | Mount Carmel Plaza |  | Glenside |  | PA |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 1975 |  | 14,504 |  |  | 94.1 | % |  | 173 |  |  | 12.66 |  |  | — |  | SGS Paper |  |
393 |  |  | Kline Plaza |  | Harrisburg |  | PA |  | Harrisburg-Carlisle, PA |  | 1952 |  | 220,288 |  |  | 86.7 | % |  | 1,716 |  |  | 8.98 |  |  | Giant Food (Ahold) |  | The Dept. of Health |  |
394 |  |  | New Garden Shopping Center |  | Kennett Square |  | PA |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 2012 |  | 145,170 |  |  | 93.7 | % |  | 932 |  |  | 7.01 |  |  | — |  | Big Lots, Ollie's Bargain Outlet |  |
395 |  |  | Stone Mill Plaza |  | Lancaster |  | PA |  | Lancaster, PA |  | 2008 |  | 106,736 |  |  | 98.4 | % |  | 1,237 |  |  | 11.78 |  |  | Giant Food (Ahold) |  | Majik Rent-To-Own |  |
396 |  |  | Woodbourne Square |  | Langhorne |  | PA |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 1984 |  | 29,821 |  |  | 80.9 | % |  | 505 |  |  | 20.92 |  |  | — |  | — |  |
397 |  |  | North Penn Market Place |  | Lansdale |  | PA |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 1977 |  | 58,358 |  |  | 60.6 | % |  | 686 |  |  | 21.61 |  |  | Weis Markets* |  | — |  |
398 |  |  | New Holland Shopping Center |  | New Holland |  | PA |  | Lancaster, PA |  | 1995 |  | 65,878 |  |  | 88.0 | % |  | 419 |  |  | 7.23 |  |  | Amelia's Grocery Outlet |  | Family Dollar |  |
399 |  |  | Village at Newtown |  | Newtown |  | PA |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 1989 |  | 177,185 |  |  | 92.8 | % |  | 3,984 |  |  | 24.22 |  |  | McCaffrey's |  | Pier 1 Imports |  |
400 |  |  | Cherry Square |  | Northampton |  | PA |  | Allentown-Bethlehem-Easton, PA-NJ |  | 1989 |  | 75,005 |  |  | 86.0 | % |  | 641 |  |  | 9.94 |  |  | Redner's Warehouse Market |  | — |  |
401 |  |  | Ivyridge |  | Philadelphia |  | PA |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 2006 |  | 107,318 |  |  | 100.0 | % |  | 2,277 |  |  | 21.22 |  |  | SuperFresh (A&P) |  | — |  |
402 |  |  | Roosevelt Mall |  | Philadelphia |  | PA |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 2011 |  | 561,781 |  |  | 99.1 | % |  | 7,434 |  |  | 31.13 |  |  | — |  | Macy's, Modell's Sporting Goods, Ross Dress For Less |  |
403 |  |  | Shoppes at Valley Forge |  | Phoenixville |  | PA |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 2003 |  | 176,676 |  |  | 97.6 | % |  | 1,268 |  |  | 7.35 |  |  | Redner's Warehouse Market |  | French Creek Outfitters, Staples |  |
404 |  |  | Plymouth Plaza |  | Plymouth Meeting | PA |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 1994 |  | 33,813 |  |  | 95.8 | % |  | 967 |  |  | 29.83 |  |  | — |  | Clear Wireless, Medical Rehabilitation Centers of Pennsylvania |  |
405 |  |  | County Line Plaza |  | Souderton |  | PA |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 2013 |  | 154,758 |  |  | 91.6 | % |  | 1,433 |  |  | 10.53 |  |  | Bottom Dollar Food (Delhaize) |  | Planet Fitness, VF Outlet |  |
406 |  |  | 69th Street Plaza |  | Upper Darby |  | PA |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 1994 |  | 41,711 |  |  | 100.0 | % |  | 383 |  |  | 9.19 |  |  | Pathmark (A&P)* |  | EZ Bargains, Rent-A-Center, Super Dollar City |  |
407 |  |  | Warminster Towne Center |  | Warminster |  | PA |  | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |  | 1997 |  | 237,152 |  |  | 100.0 | % |  | 3,331 |  |  | 15.24 |  |  | ShopRite |  | A.C. Moore, PetSmart, Ross Dress for Less |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 45 |

PROPERTY LIST |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dollars in thousands except per square foot amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Year |  |  |  | Percent |  |  |  |  |  |  |  |  |  |
|  | Property Name |  | City |  | State |  | Metropolitan Statistical Area |  | Built |  | GLA |  | Leased |  | ABR |  | ABR / SF |  | Grocer (1) |  | Other Major Tenants |  | Non-Owned Major Tenants
408 |  |  | Shops at Prospect |  | West Hempfield |  | PA |  | Lancaster, PA |  | 1994 |  | 63,392 |  |  | 94.1 | % |  | 684 |  |  | 11.47 |  |  | Musser's Markets |  | Hallmark |  | Kmart
409 |  |  | Whitehall Square |  | Whitehall |  | PA |  | Allentown-Bethlehem-Easton, PA-NJ |  | 2006 |  | 315,192 |  |  | 98.7 | % |  | 3,380 |  |  | 10.87 |  |  | Redner's Warehouse Market |  | Mealey's Furniture, Ross Dress for Less, Sports Authority |  |
410 |  |  | Wilkes-Barre Township Marketplace | Wilkes-Barre |  | PA |  | Scranton--Wilkes-Barre--Hazleton, PA |  | 2004 |  | 307,610 |  |  | 97.9 | % |  | 2,147 |  |  | 30.47 |  |  | Walmart Supercenter |  | — |  |
411 |  |  | Hunt River Commons |  | North Kingstown |  | RI |  | Providence-Warwick, RI-MA |  | 1989 |  | 148,126 |  |  | 99.1 | % |  | 1,470 |  |  | 10.02 |  |  | Super Stop & Shop (Ahold) |  | Marshalls, Ocean State Job Lot |  |
412 |  |  | Belfair Towne Village |  | Bluffton |  | SC |  | Hilton Head Island-Bluffton-Beaufort, SC |  | 2006 |  | 166,639 |  |  | 91.3 | % |  | 2,075 |  |  | 13.64 |  |  | Kroger |  | Stein Mart |  |
413 |  |  | Milestone Plaza |  | Greenville |  | SC |  | Greenville-Anderson-Mauldin, SC |  | 1995 |  | 89,721 |  |  | 90.6 | % |  | 1,223 |  |  | 15.05 |  |  | BI-LO |  | — |  |
414 |  |  | Circle Center |  | Hilton Head |  | SC |  | Hilton Head Island-Bluffton-Beaufort, SC |  | 2000 |  | 65,213 |  |  | 92.6 | % |  | 723 |  |  | 11.97 |  |  | BI-LO |  | — |  |
415 |  |  | Island Plaza |  | James Island |  | SC |  | Charleston-North Charleston, SC |  | 2004 |  | 171,224 |  |  | 96.7 | % |  | 1,187 |  |  | 7.17 |  |  | Food Lion |  | Burke's Outlet, Dollar Tree, Gold's Gym |  |
416 |  |  | Festival Centre |  | North Charleston |  | SC |  | Charleston-North Charleston, SC |  | 2004 |  | 325,347 |  |  | 71.8 | % |  | 1,797 |  |  | 7.81 |  |  | — |  | Fred's, Gold's Gym, Intercontinental Hotels Group, New Spring Church |  |
417 |  |  | Remount Village Shopping Center |  | North Charleston |  | SC |  | Charleston-North Charleston, SC |  | 1996 |  | 60,238 |  |  | 79.0 | % |  | 435 |  |  | 9.15 |  |  | BI-LO |  | — |  |
418 |  |  | Fairview Corners I & II |  | Simpsonville |  | SC |  | Greenville-Anderson-Mauldin, SC |  | 2003 |  | 131,002 |  |  | 98.5 | % |  | 1,798 |  |  | 13.94 |  |  | — |  | Ross Dress for Less, T.J.Maxx |  | Target
419 |  |  | Hillcrest |  | Spartanburg |  | SC |  | Spartanburg, SC |  | 2012 |  | 385,609 |  |  | 79.9 | % |  | 3,226 |  |  | 11.14 |  |  | Publix |  | NCG Cinemas, Marshalls, Office Depot, Petco, Ross Dress for Less, Stein Mart |  |
420 |  |  | Shoppes at Hickory Hollow |  | Antioch |  | TN |  | Nashville-Davidson--Murfreesboro--Franklin, TN |  | 1986 |  | 144,469 |  |  | 83.7 | % |  | 1,331 |  |  | 11.00 |  |  | Kroger |  | Citi Trends |  |
421 |  |  | Congress Crossing |  | Athens |  | TN |  | Athens, TN |  | 2012 |  | 180,305 |  |  | 96.7 | % |  | 1,408 |  |  | 8.07 |  |  | — |  | Dunham's Sports, Kmart |  |
422 |  |  | East Ridge Crossing |  | Chattanooga |  | TN |  | Chattanooga, TN-GA |  | 1999 |  | 58,950 |  |  | 88.8 | % |  | 567 |  |  | 10.84 |  |  | Food Lion |  | — |  |
423 |  |  | Watson Glen Shopping Center |  | Franklin |  | TN |  | Nashville-Davidson--Murfreesboro--Franklin, TN |  | 2014 |  | 265,027 |  |  | 100.0 | % |  | 2,431 |  |  | 9.25 |  |  | ALDI |  | At Home, Big Lots, Trees n Trends |  |
424 |  |  | Williamson Square |  | Franklin |  | TN |  | Nashville-Davidson--Murfreesboro--Franklin, TN |  | 1993 |  | 329,242 |  |  | 91.3 | % |  | 2,744 |  |  | 9.13 |  |  | — |  | Grace Church Nashville, Hobby Lobby, Planet Fitness, Skyzone, USA Baby |  |
425 |  |  | Greensboro Village |  | Gallatin |  | TN |  | Nashville-Davidson--Murfreesboro--Franklin, TN |  | 2005 |  | 70,203 |  |  | 97.7 | % |  | 961 |  |  | 14.01 |  |  | Publix |  | — |  |
426 |  |  | Greeneville Commons |  | Greeneville |  | TN |  | Greeneville, TN |  | 2002 |  | 228,618 |  |  | 96.4 | % |  | 1,557 |  |  | 11.86 |  |  | — |  | Belk, Burke's Outlet, JC Penney, Kmart |  |
427 |  |  | Oakwood Commons |  | Hermitage |  | TN |  | Nashville-Davidson--Murfreesboro--Franklin, TN |  | 2005 |  | 278,017 |  |  | 92.8 | % |  | 2,490 |  |  | 9.99 |  |  | Publix |  | Bed Bath & Beyond, Goody’s, PetSmart, Ross Dress for Less |  |
428 |  |  | Kimball Crossing |  | Kimball |  | TN |  | Chattanooga, TN-GA |  | 2007 |  | 280,476 |  |  | 97.7 | % |  | 1,837 |  |  | 7.39 |  |  | Walmart Supercenter |  | Goody's |  | Lowe's
429 |  |  | Kingston Overlook |  | Knoxville |  | TN |  | Knoxville, TN |  | 2014 |  | 122,536 |  |  | 100.0 | % |  | 1,186 |  |  | 9.94 |  |  | — |  | Babies"R"Us, Michaels |  |
430 |  |  | Farrar Place |  | Manchester |  | TN |  | Tullahoma-Manchester, TN |  | 1989 |  | 43,220 |  |  | 79.9 | % |  | 301 |  |  | 8.72 |  |  | Food Lion |  | — |  |
431 |  |  | The Commons at Wolfcreek |  | Memphis |  | TN |  | Memphis, TN-MS-AR |  | 2014 |  | 658,121 |  |  | 93.9 | % |  | 7,486 |  |  | 12.33 |  |  | — |  | Academy Sports + Outdoors, Best Buy, Big Lots, hhgregg, Office Depot, PetSmart, Sports Authority, T.J.Maxx, Value City Furniture |  | Target, The Home Depot, Toys"R"Us
432 |  |  | Georgetown Square |  | Murfreesboro |  | TN |  | Nashville-Davidson--Murfreesboro--Franklin, TN |  | 2003 |  | 104,117 |  |  | 87.0 | % |  | 953 |  |  | 10.53 |  |  | Kroger |  | Aaron's |  |
433 |  |  | Nashboro Village |  | Nashville |  | TN |  | Nashville-Davidson--Murfreesboro--Franklin, TN |  | 1998 |  | 86,811 |  |  | 100.0 | % |  | 1,017 |  |  | 11.71 |  |  | Kroger |  | — |  | Walgreens
434 |  |  | Commerce Central |  | Tullahoma |  | TN |  | Tullahoma-Manchester, TN |  | 1995 |  | 182,401 |  |  | 99.4 | % |  | 1,258 |  |  | 6.94 |  |  | Walmart Supercenter |  | Dollar Tree |  |
435 |  |  | Merchant's Central |  | Winchester |  | TN |  | Tullahoma-Manchester, TN |  | 1997 |  | 208,123 |  |  | 95.8 | % |  | 1,206 |  |  | 6.05 |  |  | Walmart Supercenter |  | Peebles |  |
436 |  |  | Palm Plaza |  | Aransas |  | TX |  | Corpus Christi, TX |  | 2002 |  | 50,700 |  |  | 82.2 | % |  | 273 |  |  | 8.12 |  |  | — |  | Bealls (Stage Stores), Family Dollar |  |
437 |  |  | Bardin Place Center |  | Arlington |  | TX |  | Dallas-Fort Worth-Arlington, TX |  | 2014 |  | 321,163 |  |  | 98.8 | % |  | 3,345 |  |  | 10.55 |  |  | WinCo Foods |  | Hemispheres |  | Hobby Lobby
438 |  |  | Parmer Crossing |  | Austin |  | TX |  | Austin-Round Rock, TX |  | 2004 |  | 168,112 |  |  | 96.4 | % |  | 1,272 |  |  | 7.85 |  |  | — |  | Big Lots, Dollar Tree, Harbor Freight |  | Fry's Electronics
439 |  |  | Baytown Shopping Center |  | Baytown |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 1987 |  | 95,941 |  |  | 80.2 | % |  | 807 |  |  | 10.49 |  |  | — |  | 24 Hour Fitness |  |
440 |  |  | Cedar Bellaire |  | Bellaire |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 1994 |  | 50,967 |  |  | 89.4 | % |  | 534 |  |  | 11.71 |  |  | H-E-B |  | — |  |
441 |  |  | El Camino |  | Bellaire |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 2008 |  | 71,575 |  |  | 98.4 | % |  | 598 |  |  | 8.50 |  |  | El Ahorro Supermarket |  | Family Dollar, Hancock Fabrics |  |
442 |  |  | Brenham Four Corners |  | Brenham |  | TX |  | Brenham, TX |  | 1997 |  | 114,571 |  |  | 100.0 | % |  | 947 |  |  | — |  |  | H-E-B |  | — |  |
443 |  |  | Bryan Square |  | Bryan |  | TX |  | College Station-Bryan, TX |  | 2008 |  | 59,029 |  |  | 100.0 | % |  | 312 |  |  | 6.15 |  |  | — |  | 99 Cents Only, Citi Trends, Dollar Floor Store, Firestone |  |
444 |  |  | Townshire |  | Bryan |  | TX |  | College Station-Bryan, TX |  | 2002 |  | 136,887 |  |  | 91.2 | % |  | 951 |  |  | 15.52 |  |  | Walmart Neighborhood Market |  | Tops Printing |  |
445 |  |  | Plantation Plaza |  | Clute |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 1997 |  | 99,141 |  |  | 92.9 | % |  | 754 |  |  | 8.36 |  |  | Kroger |  | Walgreens |  |
446 |  |  | Central Station |  | College Station |  | TX |  | College Station-Bryan, TX |  | 2012 |  | 176,847 |  |  | 90.9 | % |  | 2,374 |  |  | 15.14 |  |  | — |  | OfficeMax, Spec's Liquors |  | Kohl's
447 |  |  | Rock Prairie Crossing |  | College Station |  | TX |  | College Station-Bryan, TX |  | 2002 |  | 119,000 |  |  | 100.0 | % |  | 1,260 |  |  | 23.80 |  |  | Kroger |  | CVS |  |
448 |  |  | Carmel Village |  | Corpus Christi |  | TX |  | Corpus Christi, TX |  | 1993 |  | 85,633 |  |  | 75.2 | % |  | 601 |  |  | 9.33 |  |  | — |  | Bay Area Dialysis, Bealls (Stage Stores), Tuesday Morning |  |
449 |  |  | Five Points |  | Corpus Christi |  | TX |  | Corpus Christi, TX |  | 2014 |  | 276,593 |  |  | 84.5 | % |  | 2,734 |  |  | 11.85 |  |  | — |  | Burke's, Hobby Lobby, Party City, Ross Dress for Less |  |
450 |  |  | Claremont Village |  | Dallas |  | TX |  | Dallas-Fort Worth-Arlington, TX |  | 1976 |  | 67,305 |  |  | 94.6 | % |  | 481 |  |  | 7.69 |  |  | Minyard Food Stores |  | Family Dollar |  |
451 |  |  | Jeff Davis |  | Dallas |  | TX |  | Dallas-Fort Worth-Arlington, TX |  | 1975 |  | 69,562 |  |  | 75.4 | % |  | 476 |  |  | 9.08 |  |  | Save-A-Lot (Supervalu) |  | Family Dollar, Mama Rosa |  |
452 |  |  | Stevens Park Village |  | Dallas |  | TX |  | Dallas-Fort Worth-Arlington, TX |  | 1974 |  | 45,492 |  |  | 100.0 | % |  | 421 |  |  | 9.25 |  |  | — |  | Big Lots, O'Reilly Auto Parts |  |
453 |  |  | Webb Royal |  | Dallas |  | TX |  | Dallas-Fort Worth-Arlington, TX |  | 1992 |  | 108,545 |  |  | 93.3 | % |  | 831 |  |  | 9.59 |  |  | El Rio Grande Latin Market |  | Family Dollar |  |
454 |  |  | Wynnewood Village |  | Dallas |  | TX |  | Dallas-Fort Worth-Arlington, TX |  | 2006 |  | 443,681 |  |  | 88.4 | % |  | 3,988 |  |  | 10.37 |  |  | Kroger |  | Fallas Paredes, Gen X Clothing, Ross Dress for Less |  |
455 |  |  | Parktown |  | Deer Park |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 1999 |  | 121,388 |  |  | 95.6 | % |  | 953 |  |  | 8.23 |  |  | Food Town |  | Burke's Outlet, Walgreens |  |
456 |  |  | Kenworthy Crossing |  | El Paso |  | TX |  | El Paso, TX |  | 2003 |  | 74,393 |  |  | 96.4 | % |  | 703 |  |  | 9.80 |  |  | Albertsons |  | — |  |
457 |  |  | Preston Ridge |  | Frisco |  | TX |  | Dallas-Fort Worth-Arlington, TX |  | 2013 |  | 780,595 |  |  | 96.7 | % |  | 13,675 |  |  | 18.51 |  |  | SuperTarget* |  | Best Buy, Big Lots, DSW, GattiTown, Marshalls, Old Navy, Ross Dress for Less, Sheplers, Stein Mart, T.J.Maxx |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 46 |

PROPERTY LIST |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dollars in thousands except per square foot amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Year |  |  |  | Percent |  |  |  |  |  |  |  |  |  |
|  | Property Name |  | City |  | State |  | Metropolitan Statistical Area |  | Built |  | GLA |  | Leased |  | ABR |  | ABR / SF |  | Grocer (1) |  | Other Major Tenants |  | Non-Owned Major Tenants
458 |  |  | Forest Hills |  | Ft. Worth |  | TX |  | Dallas-Fort Worth-Arlington, TX |  | 1968 |  | 69,651 |  |  | 100.0 | % |  | 368 |  |  | 5.29 |  |  | Foodland Markets |  | Family Dollar, Hi Style Fashion |  |
459 |  |  | Ridglea Plaza |  | Ft. Worth |  | TX |  | Dallas-Fort Worth-Arlington, TX |  | 1990 |  | 170,519 |  |  | 100.0 | % |  | 1,838 |  |  | 11.10 |  |  | Tom Thumb (Safeway) |  | Stein Mart |  |
460 |  |  | Trinity Commons |  | Ft. Worth |  | TX |  | Dallas-Fort Worth-Arlington, TX |  | 1998 |  | 197,423 |  |  | 100.0 | % |  | 3,708 |  |  | 18.78 |  |  | Tom Thumb (Safeway) |  | DSW |  |
461 |  |  | Village Plaza |  | Garland |  | TX |  | Dallas-Fort Worth-Arlington, TX |  | 2002 |  | 89,241 |  |  | 100.0 | % |  | 995 |  |  | 11.15 |  |  | Truong Nguyen Grocer |  | — |  |
462 |  |  | North Hills Village |  | Haltom City |  | TX |  | Dallas-Fort Worth-Arlington, TX |  | 1998 |  | 43,299 |  |  | 96.1 | % |  | 301 |  |  | 7.23 |  |  | Save-A-Lot |  | Dollar Tree, Rent-A-Center |  |
463 |  |  | Highland Village Town Center |  | Highland Village |  | TX |  | Dallas-Fort Worth-Arlington, TX |  | 1996 |  | 99,341 |  |  | 96.8 | % |  | 1,029 |  |  | 10.70 |  |  | Kroger |  | — |  |
464 |  |  | Bay Forest |  | Houston |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 2004 |  | 71,667 |  |  | 100.0 | % |  | 759 |  |  | 10.59 |  |  | Kroger |  | — |  |
465 |  |  | Beltway South |  | Houston |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 1998 |  | 107,174 |  |  | 97.0 | % |  | 934 |  |  | 27.60 |  |  | Kroger |  | — |  |
466 |  |  | Braes Heights |  | Houston |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 2003 |  | 101,002 |  |  | 100.0 | % |  | 1,907 |  |  | 18.88 |  |  | — |  | CVS, Imagination Toys, I W Marks Jewelers |  |
467 |  |  | Braes Link |  | Houston |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 1999 |  | 38,997 |  |  | 100.0 | % |  | 640 |  |  | 16.40 |  |  | — |  | Walgreens |  |
468 |  |  | Braes Oaks |  | Houston |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 1992 |  | 45,067 |  |  | 89.1 | % |  | 393 |  |  | 9.78 |  |  | H-E-B |  | — |  |
469 |  |  | Braesgate |  | Houston |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 1997 |  | 91,382 |  |  | 98.3 | % |  | 570 |  |  | 6.34 |  |  | Food Town |  | — |  |
470 |  |  | Broadway |  | Houston |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 2006 |  | 74,942 |  |  | 100.0 | % |  | 743 |  |  | 10.33 |  |  | El Ahorro Supermarket |  | Fallas Paredes, Melrose Fashions |  |
471 |  |  | Clear Lake Camino South |  | Houston |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 2004 |  | 102,643 |  |  | 90.0 | % |  | 1,357 |  |  | 15.75 |  |  | — |  | 24 Hour Fitness, Hancock Fabrics, Mr. Gatti's Pizza, Spec's Liquors |  |
472 |  |  | Hearthstone Corners |  | Houston |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 1998 |  | 208,147 |  |  | 97.6 | % |  | 1,872 |  |  | 9.21 |  |  | Kroger |  | Big Lots, Stein Mart |  |
473 |  |  | Inwood Forest |  | Houston |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 1997 |  | 77,553 |  |  | 96.5 | % |  | 770 |  |  | 10.32 |  |  | Foodarama |  | — |  |
474 |  |  | Jester Village |  | Houston |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 1988 |  | 64,285 |  |  | 75.1 | % |  | 448 |  |  | 9.28 |  |  | H-E-B |  | — |  |
475 |  |  | Jones Plaza |  | Houston |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 2000 |  | 111,206 |  |  | 82.0 | % |  | 1,104 |  |  | 12.33 |  |  | — |  | 24 Hour Fitness, Hancock Fabrics |  |
476 |  |  | Jones Square |  | Houston |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 1999 |  | 155,503 |  |  | 98.6 | % |  | 1,209 |  |  | 8.00 |  |  | — |  | Big Lots, Hobby Lobby |  |
477 |  |  | Maplewood Mall |  | Houston |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 2004 |  | 94,871 |  |  | 99.4 | % |  | 767 |  |  | 8.13 |  |  | Foodarama |  | Burke's Outlet |  |
478 |  |  | Merchants Park |  | Houston |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 2009 |  | 244,373 |  |  | 100.0 | % |  | 3,118 |  |  | 12.76 |  |  | Kroger |  | Big Lots, Petco, Ross Dress for Less |  |
479 |  |  | Northgate |  | Houston |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 1972 |  | 40,244 |  |  | 100.0 | % |  | 296 |  |  | 7.34 |  |  | — |  | Firestone, Lumber Liquidators, TitleMax |  |
480 |  |  | Northshore |  | Houston |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 2001 |  | 230,779 |  |  | 93.3 | % |  | 2,562 |  |  | 12.08 |  |  | Sellers Bros. |  | Conn's, Office Depot |  |
481 |  |  | Northtown Plaza |  | Houston |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 1990 |  | 190,622 |  |  | 98.1 | % |  | 2,129 |  |  | 11.54 |  |  | — |  | 99 Cents Only, CVS, Fallas Paredes |  |
482 |  |  | Northwood |  | Houston |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 1972 |  | 136,747 |  |  | 100.0 | % |  | 1,366 |  |  | 10.15 |  |  | Food City |  | — |  |
483 |  |  | Orange Grove |  | Houston |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 2005 |  | 189,201 |  |  | 100.0 | % |  | 1,867 |  |  | 10.54 |  |  | — |  | 24 Hour Fitness, FAMSA, Floor & Décor |  |
484 |  |  | Pinemont Shopping Center |  | Houston |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 1999 |  | 73,577 |  |  | 92.9 | % |  | 861 |  |  | 13.50 |  |  | — |  | Family Dollar, Houston Community College |  |
485 |  |  | Royal Oaks Village |  | Houston |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 2001 |  | 145,229 |  |  | 95.5 | % |  | 2,964 |  |  | 21.37 |  |  | H-E-B |  | — |  |
486 |  |  | Sharpstown Plaza |  | Houston |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 2005 |  | 43,631 |  |  | 91.4 | % |  | 324 |  |  | 8.13 |  |  | — |  | Family Thrift Center |  |
487 |  |  | Tanglewilde |  | Houston |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 1998 |  | 82,565 |  |  | 100.0 | % |  | 1,080 |  |  | 14.25 |  |  | — |  | Ace Hardware, Cavender's, Dollar Tree, Party City, Salon In The Park |  |
488 |  |  | Westheimer Commons |  | Houston |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 2012 |  | 242,409 |  |  | 94.6 | % |  | 2,082 |  |  | 9.08 |  |  | Fiesta Mart |  | Marshalls |  |
489 |  |  | Crossing at Fry Road |  | Katy |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 2005 |  | 237,340 |  |  | 99.1 | % |  | 2,295 |  |  | 9.84 |  |  | Kroger |  | Hobby Lobby, Palais Royal, Stein Mart |  |
490 |  |  | Washington Square |  | Kaufman |  | TX |  | Dallas-Fort Worth-Arlington, TX |  | 1978 |  | 64,230 |  |  | 82.7 | % |  | 298 |  |  | 5.61 |  |  | — |  | AutoZone, Bealls (Stage Stores), Family Dollar |  |
491 |  |  | Jefferson Park |  | Mount Pleasant |  | TX |  | Mount Pleasant, TX |  | 2001 |  | 132,096 |  |  | 82.8 | % |  | 756 |  |  | 7.04 |  |  | Super 1 Foods |  | Steeles |  |
492 |  |  | Winwood Town Center |  | Odessa |  | TX |  | Odessa, TX |  | 2002 |  | 365,559 |  |  | 100.0 | % |  | 2,730 |  |  | 11.95 |  |  | H-E-B |  | Hastings, Office Depot, Ross Dress for Less, Target |  |
493 |  |  | Crossroads Center |  | Pasadena |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 1997 |  | 134,006 |  |  | 93.2 | % |  | 1,442 |  |  | 12.43 |  |  | Kroger |  | Sears Hardware |  |
494 |  |  | Spencer Square |  | Pasadena |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 1998 |  | 194,470 |  |  | 86.1 | % |  | 1,997 |  |  | 11.93 |  |  | Kroger |  | Burke's Outlet |  |
495 |  |  | Pearland Plaza |  | Pearland |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 1995 |  | 156,491 |  |  | 95.7 | % |  | 1,115 |  |  | 7.45 |  |  | Kroger |  | Palais Royal |  |
496 |  |  | Market Plaza |  | Plano |  | TX |  | Dallas-Fort Worth-Arlington, TX |  | 2002 |  | 168,137 |  |  | 72.5 | % |  | 2,665 |  |  | 22.90 |  |  | Central Market (H-E-B) |  | — |  |
497 |  |  | Preston Park |  | Plano |  | TX |  | Dallas-Fort Worth-Arlington, TX |  | 1985 |  | 239,025 |  |  | 88.4 | % |  | 5,375 |  |  | 25.43 |  |  | Tom Thumb (Safeway) |  | — |  |
498 |  |  | Northshore Plaza |  | Portland |  | TX |  | Corpus Christi, TX |  | 2000 |  | 152,144 |  |  | 88.9 | % |  | 826 |  |  | 13.61 |  |  | H-E-B |  | Bealls (Stage Stores) |  | Kmart
499 |  |  | Klein Square |  | Spring |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 1999 |  | 80,636 |  |  | 98.8 | % |  | 829 |  |  | 10.41 |  |  | Food Town |  | Family Dollar, Unleashed (Petco) |  |
500 |  |  | Keegan's Meadow |  | Stafford |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 1999 |  | 125,491 |  |  | 94.7 | % |  | 1,198 |  |  | 10.40 |  |  | Randalls (Safeway) |  | Palais Royal |  |
501 |  |  | Texas City Bay |  | Texas City |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 2005 |  | 223,152 |  |  | 100.0 | % |  | 1,988 |  |  | 8.94 |  |  | Kroger |  | BP Engineering Facility |  |
502 |  |  | Windvale |  | The Woodlands |  | TX |  | Houston-The Woodlands-Sugar Land, TX |  | 2002 |  | 101,088 |  |  | 91.3 | % |  | 985 |  |  | 10.67 |  |  | Randalls (Safeway) |  | — |  |
503 |  |  | The Centre at Navarro |  | Victoria |  | TX |  | Victoria, TX |  | 2005 |  | 47,960 |  |  | 100.0 | % |  | 729 |  |  | 15.20 |  |  | — |  | Hastings, Walgreens |  |
504 |  |  | Spradlin Farm |  | Christiansburg |  | VA |  | Blacksburg-Christiansburg-Radford, VA |  | 2000 |  | 180,220 |  |  | 98.9 | % |  | 2,454 |  |  | 14.00 |  |  | — |  | Barnes & Noble, Big Lots, Michaels, T.J.Maxx |  | Target, The Home Depot
505 |  |  | Culpeper Town Square |  | Culpeper |  | VA |  | Washington-Arlington-Alexandria, DC-VA-MD-WV |  | 1999 |  | 132,882 |  |  | 100.0 | % |  | 1,135 |  |  | 8.54 |  |  | Food Lion |  | Mountain Run Bowling, Tractor Supply Co. |  |
506 |  |  | Hanover Square |  | Mechanicsville |  | VA |  | Richmond, VA |  | 1991 |  | 129,887 |  |  | 94.3 | % |  | 1,527 |  |  | 12.47 |  |  | Martin's Food (Ahold) |  | Gold's Gym |  | Kohl's
507 |  |  | Jefferson Green |  | Newport News |  | VA |  | Virginia Beach-Norfolk-Newport News, VA-NC |  | 1988 |  | 54,945 |  |  | 100.0 | % |  | 849 |  |  | 15.46 |  |  | — |  | Destination XL, Once Upon a Child, Tuesday Morning |  |
508 |  |  | Tuckernuck Square |  | Richmond |  | VA |  | Richmond, VA |  | 1994 |  | 86,010 |  |  | 94.5 | % |  | 1,065 |  |  | 13.10 |  |  | — |  | Chuck E. Cheese's |  |
509 |  |  | Cave Spring Corners |  | Roanoke |  | VA |  | Roanoke, VA |  | 2005 |  | 147,133 |  |  | 95.4 | % |  | 975 |  |  | 11.95 |  |  | Kroger |  | Hamrick's |  |
510 |  |  | Hunting Hills |  | Roanoke |  | VA |  | Roanoke, VA |  | 2014 |  | 165,999 |  |  | 94.6 | % |  | 1,289 |  |  | 8.21 |  |  | — |  | Kohl's, PetSmart |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 47 |

PROPERTY LIST |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dollars in thousands except per square foot amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Year |  |  |  | Percent |  |  |  |  |  |  |  |  |  |
|  | Property Name |  | City |  | State |  | Metropolitan Statistical Area |  | Built |  | GLA |  | Leased |  | ABR |  | ABR / SF |  | Grocer (1) |  | Other Major Tenants |  | Non-Owned Major Tenants
511 |  |  | Valley Commons |  | Salem |  | VA |  | Roanoke, VA |  | 1988 |  | 45,580 |  |  | 84.2 | % |  | 287 |  |  | 7.48 |  |  | — |  | — |  |
512 |  |  | Lake Drive Plaza |  | Vinton |  | VA |  | Roanoke, VA |  | 2008 |  | 163,090 |  |  | 100.0 | % |  | 1,177 |  |  | 7.22 |  |  | Kroger |  | Big Lots, Goodwill |  |
513 |  |  | Hilltop Plaza |  | Virginia Beach |  | VA |  | Virginia Beach-Norfolk-Newport News, VA-NC |  | 2010 |  | 150,300 |  |  | 100.0 | % |  | 2,516 |  |  | 16.91 |  |  | Trader Joe's |  | Jo-Ann Fabric & Craft Stores, Kirkland’s, Office Depot, PetSmart |  |
514 |  |  | Ridgeview Centre |  | Wise |  | VA |  | — |  | 2005 |  | 190,242 |  |  | 55.5 | % |  | 791 |  |  | 7.49 |  |  | — |  | Grand Home Furnishings, Ollie's Bargain Outlet |  | Belk
515 |  |  | Rutland Plaza |  | Rutland |  | VT |  | Rutland, VT |  | 1997 |  | 224,514 |  |  | 97.7 | % |  | 1,879 |  |  | 8.57 |  |  | Price Chopper |  | T.J.Maxx, Walmart |  |
516 |  |  | Fitchburg Ridge Shopping Ctr |  | Fitchburg |  | WI |  | Madison, WI |  | 2003 |  | 50,555 |  |  | 87.6 | % |  | 497 |  |  | 11.27 |  |  | — |  | Wisconsin Dialysis |  |
517 |  |  | Spring Mall |  | Greenfield |  | WI |  | Milwaukee-Waukesha-West Allis, WI |  | 2003 |  | 188,861 |  |  | 86.8 | % |  | 1,242 |  |  | 7.57 |  |  | — |  | T.J.Maxx |  |
518 |  |  | Mequon Pavilions |  | Mequon |  | WI |  | Milwaukee-Waukesha-West Allis, WI |  | 2014 |  | 219,541 |  |  | 95.6 | % |  | 3,066 |  |  | 14.61 |  |  | Sendik's Food Market |  | Bed Bath & Beyond |  |
519 |  |  | Moorland Square Shopping Ctr |  | New Berlin |  | WI |  | Milwaukee-Waukesha-West Allis, WI |  | 1990 |  | 98,303 |  |  | 97.1 | % |  | 904 |  |  | 9.47 |  |  | Pick 'n Save (Roundy's) |  | — |  | Walmart
520 |  |  | Paradise Pavilion |  | West Bend |  | WI |  | Milwaukee-Waukesha-West Allis, WI |  | 2000 |  | 209,249 |  |  | 93.7 | % |  | 1,437 |  |  | 7.33 |  |  | — |  | Hobby Lobby, Kohl's |  | ShopKo
521 |  |  | Moundsville Plaza |  | Moundsville |  | WV |  | Wheeling, WV-OH |  | 2004 |  | 176,156 |  |  | 97.7 | % |  | 1,262 |  |  | 7.33 |  |  | Kroger |  | Big Lots |  |
522 |  |  | Grand Central Plaza |  | Parkersburg |  | WV |  | Parkersburg-Vienna, WV |  | 1986 |  | 75,344 |  |  | 90.7 | % |  | 717 |  |  | 10.48 |  |  | — |  | Office Depot, T.J.Maxx |  |
|  | TOTAL PORTFOLIO |  |  |  |  |  |  |  |  |  | 86,769,179 |  |  | 92.7 | % |  | $ | 910,849 |  |  | $ | 12.10 |  |  |  |  |  |  |
(1) * Indicates grocer is not owned. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 48 |

| GUIDANCE
|  | Supplemental Disclosure Three Months Ended September 30, 2014

GUIDANCE & ADDITIONAL DISCLOSURES |  |  |  |  |  |  |  |
| GUIDANCE: |  |  |  |  |  |  |  |
|  |  |  |  | 2014E |  |  |  |  |  |  |
|  | FFO per common share - diluted | $1.80 - $1.82 |  |  |  |  |  |  |  |
|  |  | Impact of debt prepayments |  | ($0.05 | ) |  |  |  |  |  |  |
|  | Same property NOI | 3.8 - 4.0% |  |  |  |  |  |  |  |
|  | Percent leased (at year-end) | 92.8 - 93.2% |  |  |  |  |  |  |  |
|  | Leasing related capital expenditures, including anchor space repositioning and redevelopment | $140 - $150M |  |  |  |  |  |  |  |
| ADDITIONAL DISCLOSURES - as of 9/30/14 (dollars in millions) |  |  |  |  |  |  |  |
|  | Estimated market value of expansion land and outparcels available |  | $17 |  |  |  |  |  |  |  |
|  | ABR from leases signed but not yet commenced |  | $25 |  |  |  |  |  |  |  |
|  | Leases signed but not yet commenced: | Leases |  | GLA |  | ABR |  | ABR/SF |
|  |  | ≥ 10,000 SF | 48 |  |  | 1,159,552 |  |  | $ | 11,720,600 |  |  | $ | 10.11 |  |
|  |  | < 10,000 SF | 228 |  |  | 718,554 |  |  | 13,389,404 |  |  | 18.63 |  |
|  |  | TOTAL | 276 |  |  | 1,878,106 |  |  | $ | 25,110,004 |  |  | $ | 13.37 |  |

Supplemental Disclosure - Three Months Ended September 30, 2014 | Page 50 |