EX-99.2 3 brx8k10262015ex992.htm EX 99.2

Exhibit

Exhibit 99.2

SUPPLEMENTAL DISCLOSURE

Three Months Ended September 30, 2015

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 to EBITDA	8
			Reconciliation of Net Income 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 Attributable to Common Stockholders	12
			Capital Expenditures	13
			Capitalization, Liquidity & Debt Ratios	14
			Debt Overview	15
			Summary of Outstanding Debt	16
			Unsecured OP Notes Covenant Disclosure	18
			Unsecured Credit Facility Covenant Disclosure	19
			Reconciliation of GAAP Statements of Operations to Pro Forma Statements of Operations	20
		Transaction Summary
			Acquisitions	22
			Dispositions	23
		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
			Redevelopment & Outparcel Development Summary	31
			Lease Expiration Schedule	32
			Properties by Largest US MSAs	33
			Largest MSAs by ABR	35
			Properties by State	38
			Property List	39
		Guidance
			Guidance & Additional Disclosures	51
	This presentation includes financial information for the Company’s actual results and pro forma results reflecting the impact associated with the distribution of the Excluded Properties in connection with the IPO completed on November 4, 2013.
	Note: Financial information is unaudited.
	For additional information, please visit www.brixmor.com, follow Brixmor on Twitter at www.twitter.com/Brixmor or find Brixmor on LinkedIn at www.linkedin.com/company/brixmor.
	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, 2014 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.

Supplemental Disclosure - Three Months Ended September 30, 2015

GLOSSARY OF TERMS
	Term	Definition
	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, (vi) other items that are not indicative of the Company's operating performance
		and (vii) 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.
	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.
	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, 2015 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 the portion of Brixmor Operating Partnership LP ("OP”), a consolidated subsidiary, held by the non-controlling
		interest holders. As of September 30, 2015, the Company, through its 100% ownership of BPG Subsidiary, Inc., owns 98.09% of the OP. The remaining 1.91%
		is held by certain investment funds affiliated with the Blackstone Group L.P. and management of the Company.
	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 associated with the distribution of 36 of the Excluded Properties during the first quarter of 2014. The pro forma adjustments
		assume that the distribution of the properties was completed as of January 1, 2014.
	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 includes an
		unconsolidated joint venture at pro rata share. 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 anchor space repositioning / redevelopment has occurred.

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 2

RESULTS OVERVIEW
Unaudited, dollars in thousands except per share and per square foot amounts
					Actual Results								Actual Results				Pro Forma					Actual Results
					Three Months Ended								Nine Months Ended									Nine Months
	Summary Financial Results				9/30/15				9/30/14				9/30/15				9/30/14					Ended 9/30/14
		Total revenues (page 6)			$	313,025			$	306,469			$	940,429			$	921,995				$	921,995
		Net income attributable to common stockholders (page 6)			53,773				27,030				138,308				65,954					65,904
		Net income attributable to common stockholders - per diluted share (page 6)			0.18				0.11				0.46				0.28					0.28
		Adjusted EBITDA (page 8)			215,596				210,870				644,567				625,029					625,033
		FFO (page 9)			156,195				144,515				444,401				417,909					423,141
		FFO attributable to stockholders and non-controlling interests convertible into			156,195				144,193				444,401				416,943					416,941
			common stock (page 9)
		FFO per share/OP Unit - diluted (page 9)			0.51				0.47				1.46				1.37					1.37
			Items that impact FFO comparability, net per share (page 9)		0.01				0.00				(0.02		)		(0.01		)			0.01
		Dividends declared per share/OP Unit (page 9)			0.225				0.200				0.675				0.600					0.600
		Share/OP Unit dividend payout ratio (as % of FFO) (page 9)			43.8		%		42.2		%		46.2		%		43.8		%			43.8		%
		NOI (page 11)			237,289				229,961				704,663				683,561					683,561
					Three Months Ended
	Summary Operating and Financial Ratios				9/30/15				6/30/15				3/31/15				12/31/14					9/30/2014
		NOI margin (page 11)			75.9		%		75.2		%		74.0		%		73.5		%			75.2		%
		Same property NOI (page 12) (1)			3.6		%		3.6		%		3.4		%		3.9		%			3.9		%
		Fixed charge coverage (page 14)			3.1x				3.1x				3.1x				3.0x					2.9x
		Net principal debt to adjusted EBITDA (GAAP) (page 14)			6.8x				6.8x				6.9x				6.9x					6.9x
		Net principal debt to adjusted EBITDA (cash) (page 14)			7.3x				7.4x				7.5x				7.5x					7.5x
	Outstanding Classes of Stock and Partnership Units				At 9/30/15				At 6/30/15				At 3/31/15				At 12/31/14					At 9/30/14
		Common shares outstanding (page 14)			298,489				298,489				298,484				296,552					245,086
		Exchangeable BPG Sub shares held by non-controlling interests (page 14)			—				—				—				—					50,182
		Exchangeable OP Units held by non-controlling interests (page 14)			5,798				5,814				5,821				7,695					8,953
		Total			304,287				304,303				304,305				304,247					304,221
	Summary Portfolio Statistics				At 9/30/15				At 6/30/15				At 3/31/15				At 12/31/14					At 9/30/14
		Number of properties (page 25)			519				519				520				521					522
		Percent leased (page 25)			92.6		%		92.5		%		92.4		%		92.8		%			92.7		%
		Percent billed (page 25)			90.9		%		90.3		%		90.3		%		91.3		%			90.8		%
		ABR / SF (page 25)			$	12.68			$	12.31			$	12.19			$	12.14				$	12.10
		Total rent spread (page 27)			15.2		%		16.1		%		13.7		%		13.9		%			13.9		%
		New lease rent spread (page 27)			49.0		%		50.4		%		39.4		%		41.6		%			32.5		%
		Renewal lease rent spread (page 27)			11.5		%		9.1		%		8.6		%		7.8		%			9.6		%
(1) Excludes Excluded Properties. Includes joint venture, Montecito Marketplace, at pro rata share.

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 3

FINANCIAL SUMMARY

Supplemental Disclosure

Three Months Ended September 30, 2015

CONSOLIDATED BALANCE SHEETS
Unaudited, dollars in thousands, except share information
					9/30/15				12/31/14
	Assets
		Real estate
			Land		$	2,015,176			$	2,000,415
			Buildings and improvements		8,895,181				8,801,834
					10,910,357				10,802,249
			Accumulated depreciation and amortization		(1,798,676		)		(1,549,234		)
		Real estate, net			9,111,681				9,253,015
		Investments in and advances to unconsolidated joint ventures			5,047				5,072
		Cash and cash equivalents			37,983				60,595
		Restricted cash			52,763				53,164
		Marketable securities			24,589				20,315
		Receivables, net of allowance for doubtful accounts of $14,500 and $14,070			171,914				182,424
		Deferred charges and prepaid expenses, net			106,512				94,269
		Other assets			17,134				13,059
	Total assets				$	9,527,623			$	9,681,913
	Liabilities
		Debt obligations, net			$	5,969,336			$	6,022,508
		Accounts payable, accrued expenses and other liabilities			626,600				679,102
	Total liabilities				6,595,936				6,701,610
	Equity
		Common stock, $0.01 par value; authorized 3,000,000,000 shares;
			298,488,602 and 296,552,142 shares outstanding		2,985				2,966
		Additional paid in capital			3,260,930				3,223,941
		Accumulated other comprehensive loss			(6,227		)		(4,435		)
		Distributions in excess of net income/loss			(382,797		)		(318,762		)
	Total stockholders' equity				2,874,891				2,903,710
		Non-controlling interests			56,796				76,593
	Total equity				2,931,687				2,980,303
	Total liabilities and equity				$	9,527,623			$	9,681,913

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 5

CONSOLIDATED STATEMENTS OF OPERATIONS
Unaudited, dollars in thousands, except per share amounts
					Actual Results									Actual Results				Pro Forma					Actual Results
					Three Months Ended									Nine Months Ended									Nine Months
					9/30/15					9/30/14				9/30/15				9/30/14					Ended 9/30/14
	Revenues
		Rental income			$	245,829				$	240,820			$	733,429			$	717,975				$	717,975
		Expense reimbursements			65,304					63,479				200,570				197,730					197,730
		Other revenues			1,892					2,170				6,430				6,290					6,290
	Total revenues				313,025			—		306,469				940,429				921,995					921,995
	Operating expenses
		Operating costs			27,952					28,792				93,779				95,556					95,556
		Real estate taxes			45,472					44,346				133,635				132,592					132,592
		Depreciation and amortization			102,439					111,104				315,424				333,924					333,924
		Provision for doubtful accounts			1,953					2,771				6,973				8,617					8,617
		Impairment of real estate assets			—					—				807				—					—
		General and administrative			22,030					19,624				73,030				59,221					59,221
	Total operating expenses				199,846			—		206,637				623,648				629,910					629,910
	Other income (expense)
		Dividends and interest			57					169				241				436					436
		Interest expense			(61,567		)			(65,545		)		(186,289		)		(199,464		)			(199,464		)
		Gain on sale of real estate assets			—					—				9,224				378					378
		Gain (loss) on extinguishment of debt, net			137					460				922				(2,573		)			(2,573		)
		Other			2,880					(1,205		)		(115		)		(5,335		)			(5,335		)
	Total other expense				(58,493		)	—		(66,121		)		(176,017		)		(206,558		)			(206,558		)
	Income before equity in income of unconsolidated joint ventures				54,686					33,711				140,764				85,527					85,527
	Equity in income of unconsolidated joint ventures				133					112				358				316					248
	Gain on disposition of investments in unconsolidated joint ventures				—					—				—				—					1,820
	Income from continuing operations				54,819			—		33,823				141,122				85,843					87,595
	Discontinued operations
		Income from discontinued operations			—					41				—				94					4,881
		Gain on disposition of operating properties			—					—				—				—					14,426
	Income from discontinued operations				—					41				—				94					19,307
	Net income				54,819			—		33,864				141,122				85,937					106,902
	Net income attributable to non-controlling interests				(1,046		)			(6,834		)		(2,814		)		(19,983		)			(40,998		)
	Net income attributable to common stockholders				$	53,773				$	27,030			$	138,308			$	65,954				$	65,904
	Per common share:
		Income from continuing operations:
			Basic		$	0.18				$	0.11			$	0.46			$	0.28				$	0.28
			Diluted		$	0.18				$	0.11			$	0.46			$	0.28				$	0.28
		Net income attributable to common stockholders:
			Basic		$	0.18				$	0.11			$	0.46			$	0.28				$	0.28
			Diluted		$	0.18				$	0.11			$	0.46			$	0.28				$	0.28
		Weighted average shares:
			Basic		298,464					244,078				297,714				233,781					233,781
			Diluted		298,936					244,835				304,706				234,920					234,920

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 6

CONSOLIDATED STATEMENTS OF CASH FLOWS
Unaudited, dollars in thousands
					Nine Months Ended
					9/30/15				9/30/14
	Operating activities:
	Net income				$	141,122			$	106,902
	Adjustments to reconcile net income to net cash provided by operating activities:
		Depreciation and amortization			315,424				334,515
		Debt premium and discount amortization			(13,972		)		(15,524		)
		Deferred financing cost amortization			6,236				6,708
		Above- and below-market lease intangible amortization			(34,367		)		(35,090		)
		Provisions for impairment			807				—
		Gain on disposition of operating properties and disposition of investments in unconsolidated joint ventures			(9,224		)		(16,624		)
		Equity based compensation			19,359				7,019
		Other			106				(214		)
		Gain on extinguishment of debt, net			(4,502		)		(4,245		)
	Changes in operating assets and liabilities:
		Restricted cash			(1,782		)		11,007
		Receivables			10,502				6,513
		Deferred charges and prepaid expenses			(23,932		)		(29,787		)
		Other assets			(295		)		357
		Accounts payable, accrued expenses and other liabilities			6,442				753
	Net cash provided by operating activities				411,924				372,290
	Investing activities:
		Improvements to and investments in real estate assets			(147,393		)		(146,499		)
		Acquisitions of real estate assets			(52,278		)		—
		Proceeds from sales of real estate assets			41,795				2,778
		Distributions from unconsolidated joint venture			—				187
		Change in restricted cash attributable to investing activities			2,182				7,321
		Purchase of marketable securities			(19,320		)		(20,250		)
		Proceeds from sale of marketable securities			15,014				21,414
	Net cash used in investing activities				(160,000		)		(135,049		)
	Financing activities:
		Repayment of debt obligations and financing liabilities			(733,815		)		(827,460		)
		Repayment of borrowings under unsecured revolving credit facility			(1,118,475		)		(675,047		)
		Proceeds from borrowings under unsecured revolving credit facility			619,000				826,343
		Proceeds from unsecured term loan and notes			1,188,146				600,000
		Deferred financing costs			(3,153		)		(2,995		)
		Distributions to common stockholders			(201,398		)		(124,128		)
		Distributions to non-controlling interests			(24,841		)		(55,111		)
	Net cash used in financing activities				(274,536		)		(258,398		)
	Change in cash and cash equivalents				(22,612		)		(21,157		)
	Cash and cash equivalents at beginning of period				60,595				113,915
	Cash and cash equivalents at end of period				$	37,983			$	92,758
	Supplemental disclosure of cash flow information:
		Cash paid for interest, net of amount capitalized of $2,131 and $2,776			$	191,125			$	216,720
	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, 2015 Page 7

RECONCILIATION OF NET INCOME TO EBITDA
Unaudited, dollars in thousands
					Actual Results									Actual Results				Pro Forma					Actual Results
					Three Months Ended									Nine Months Ended									Nine Months
					9/30/15					9/30/14				9/30/15				9/30/14					Ended 9/30/14
	Net income				$	54,819				$	33,864			$	141,122			$	85,937				$	106,902
		Interest expense - continuing operations			61,567					65,545				186,289				199,464					199,464
		Interest expense - discontinued operations			—					—				—				—					259
		Interest expense - unconsolidated joint ventures			43					44				129				128					130
		Federal and state taxes			(3,151		)			1,026				(1,085		)		2,950					2,950
		Depreciation and amortization - continuing operations			102,439					111,104				315,424				333,924					333,924
		Depreciation and amortization - discontinued operations			—					46				—				160					591
		Depreciation and amortization - unconsolidated joint ventures			16					23				59				64					146
	EBITDA				$	215,733				$	211,652			$	641,938			$	622,627				$	644,366
	EBITDA				$	215,733				$	211,652			$	641,938			$	622,627				$	644,366
		Gain on disposition of operating properties			—					—				(9,224		)		(378		)			(14,804		)
		Gain on disposition of unconsolidated joint ventures			—					—				—				—					(1,820		)
		(Gain) loss on extinguishment of debt, net			(137		)			(460		)		(922		)		2,573					(3,501		)
		Impairment of real estate assets			—					—				807				—					—
		Non-operating items (1)			—					—				11,968				1,173					1,173
		Adjustments to non-controlling interests not convertible into common     stock			—					(322		)		—				(966		)			(381		)
		Total adjustments			(137		)			(782		)		2,629				2,402					(19,333		)
	Adjusted EBITDA				215,596			—		210,870				644,567				625,029					625,033
		Straight-line rent			(4,513		)			(4,857		)		(13,822		)		(14,625		)			(14,570		)
		Above- and below-market rent amortization			(9,930		)			(11,909		)		(34,367		)		(35,079		)			(35,090		)
		Adjustments to non-controlling interests not convertible into common     stock			—					—				—				—					(46		)
		Total adjustments			(14,443		)			(16,766		)		(48,189		)		(49,704		)			(49,706		)
	Cash adjusted EBITDA				$	201,153				$	194,104			$	596,378			$	575,325				$	575,327
(1) Non-operating items consist of the following: (i) non-recurring charge related to pre-IPO compensation programs of $9,875 for the nine months ended September 30, 2015; (ii) shareholder equity offering expenses of $606 and $1,173 for the nine months ended September 30, 2015 and 2014, respectively; and (iii) property acquisition related expenses of $1,487 for the nine months ended September 30, 2015.

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 8

RECONCILIATION OF NET INCOME TO FFO
Unaudited, dollars in thousands, except per share amounts
					Actual Results								Actual Results				Pro Forma					Actual Results
					Three Months Ended								Nine Months Ended									Nine Months
					9/30/15				9/30/14				9/30/15				9/30/14					Ended 9/30/14
	Net income				$	54,819			$	33,864			$	141,122			$	85,937				$	106,902
		Gain on disposition of operating properties			—				—				(9,224		)		(378		)			(14,804		)
		Gain on disposition of unconsolidated joint ventures			—				—				—				—					(1,820		)
		Depreciation and amortization- real estate related- continuing     operations			101,360				110,582				311,637				332,126					332,126
		Depreciation and amortization- real estate related- discontinued     operations			—				46				—				160					591
		Depreciation and amortization- real estate related- unconsolidated     joint ventures			16				23				59				64					146
		Impairment of real estate assets			—				—				807				—					—
	FFO				156,195				144,515				444,401				417,909					423,141
		Adjustments attributable to non-controlling interests not convertible     into common stock			—				(322		)		—				(966		)			(6,200		)
	FFO attributable to stockholders and non-controlling interests convertible     into common stock				$	156,195			$	144,193			$	444,401			$	416,943				$	416,941
	FFO per share/OP Unit - diluted				$	0.51			$	0.47			$	1.46			$	1.37				$	1.37
	Weighted average shares/OP Units outstanding - basic and diluted (1)				304,752				304,318				304,716				304,272					304,272
	Items that impact FFO comparability
			Non-recurring charge related to pre-IPO compensation programs		$	—			$	—			$	(9,875	)		$	—				$	—
			Adjustment of tax reserves for pre-IPO transactions		3,949				—				3,949				—					—
			Property acquisition expenses		—				—				(1,487		)		—					—
			Gain (loss) on extinguishment of debt, net		137				460				922				(2,573		)			3,501
		Total items that impact FFO comparability			$	4,086			$	460			$	(6,491	)		$	(2,573	)			$	3,501
		Items that impact FFO comparability, net per share			$	0.01			$	0.00			$	(0.02	)		$	(0.01	)			$	0.01
	Dividends declared per share/OP Unit				$	0.225			$	0.200			$	0.675			$	0.600				$	0.600
	Shares/OP Unit dividends declared				$	68,464			$	60,846			$	205,398			$	182,538				$	182,538
	Share/OP Unit dividend payout ratio (as % of FFO)				43.8		%		42.2		%		46.2		%		43.8		%			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, 2015 Page 9

SUPPLEMENTAL BALANCE SHEET DETAIL
Unaudited, dollars in thousands
					9/30/15				12/31/14
	Real estate, net
		Land			$	2,015,176			$	2,000,415
		Buildings and improvements
			Building		7,355,922				7,332,073
			Building and tenant improvements		602,765				522,601
			Construction in process (anchor space repositioning and redevelopment only)		49,765				29,750
			Lease intangibles		886,729				917,410
					10,910,357				10,802,249
		Accumulated depreciation and amortization			(1,798,676		)		(1,549,234		)
			Total real estate, net		$	9,111,681			$	9,253,015
	Receivables, net
		Straight-line rent receivable			$	82,624			$	67,771
		Tenant receivables			95,718				115,802
		Allowance for doubtful accounts			(14,500		)		(14,070		)
		Other			8,072				12,921
		Total receivables, net			$	171,914			$	182,424
	Deferred charges and prepaid expenses, net
		Deferred charges, net			$	76,190			$	67,539
		Prepaid expenses, net			30,322				26,730
		Total deferred charges and prepaid expenses, net			$	106,512			$	94,269
	Other assets
		Furniture, fixtures and leasehold improvements, net			$	7,769			$	10,921
		Other			9,365				2,138
		Total other assets			$	17,134			$	13,059
	Accounts payable, accrued expenses and other liabilities
		Accounts payable and accrued expenses			$	220,342			$	239,287
		Dividends payable			69,657				68,821
		Below market leases, net			284,339				325,935
		Other			52,262				45,059
		Total accounts payable, accrued expenses and other liabilities			$	626,600			$	679,102

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 10

NOI DETAIL, SUPPLEMENTAL STATEMENT OF OPERATIONS DETAIL, OPERATING RATIOS & ADDITIONAL DISCLOSURES
Unaudited, dollars in thousands
					Actual Results								Actual Results				Pro Forma					Actual Results
					Three Months Ended								Nine Months Ended									Nine Months
					9/30/15				9/30/14				9/30/15				9/30/14					Ended 9/30/14
	Net Operating Income Detail
		Rental income			$	245,829			$	240,820			$	733,429			$	717,975				$	717,975
		Expense reimbursements			65,304				63,479				200,570				197,730					197,730
		Percentage rents			1,533				1,571				5,051				4,621					4,621
		Operating costs			(27,952		)		(28,792		)		(93,779		)		(95,556		)			(95,556		)
		Real estate taxes			(45,472		)		(44,346		)		(133,635		)		(132,592		)			(132,592		)
		Provision for doubtful accounts			(1,953		)		(2,771		)		(6,973		)		(8,617		)			(8,617		)
	Net operating income				237,289				229,961				704,663				683,561					683,561
	Reconciliation of net operating income to net income attributable to common stockholders
		Fee income			$	359			$	599			$	1,379			$	1,669				$	1,669
		Depreciation and amortization			(102,439		)		(111,104		)		(315,424		)		(333,924		)			(333,924		)
		Impairment of real estate assets			—				—				(807		)		—					—
		General and administrative			(22,030		)		(19,624		)		(73,030		)		(59,221		)			(59,221		)
		Total other expense			(58,493		)		(66,121		)		(176,017		)		(206,558		)			(206,558		)
		Equity in income of unconsolidated joint ventures			133				112				358				316					248
		Gain on disposition of investments in unconsolidated joint ventures			—				—				—				—					1,820
		Income from discontinued operations			—				41				—				94					19,307
		Net income attributable to non-controlling interests			(1,046		)		(6,834		)		(2,814		)		(19,983		)			(40,998		)
	Net income attributable to common stockholders				$	53,773			$	27,030			$	138,308			$	65,954				$	65,904
	Supplemental Statement of Operations Detail
	Rental income
		Base rent			$	224,902			$	220,163			$	670,548			$	656,787				$	656,787
		Lease termination fees			1,548				208				2,266				1,781					1,781
		Straight-line rent			4,513				4,857				13,822				14,625					14,625
		Above- and below-market rent amortization, net			9,930				11,906				34,367				35,072					35,072
		Ancillary and other			4,936				3,686				12,426				9,710					9,710
		Total rental income			$	245,829			$	240,820			$	733,429			$	717,975				$	717,975
	Other revenues
		Percentage rents			$	1,533			$	1,571			$	5,051			$	4,621				$	4,621
		Fee income			359				599				1,379				1,669					1,669
		Total other revenues			$	1,892			$	2,170			$	6,430			$	6,290				$	6,290
	Interest expense
		Mortgage and note interest			$	50,933			$	55,183			$	156,499			$	169,933				$	169,933
		Unsecured credit facility and term loan interest			12,600				13,287				37,526				38,441					38,441
		Deferred financing cost amortization			2,146				2,052				6,237				6,708					6,708
		Debt premium and discount amortization, net			(4,112		)		(4,977		)		(13,973		)		(15,618		)			(15,618		)
		Total interest expense			$	61,567			$	65,545			$	186,289			$	199,464				$	199,464
	Other
		Federal and state taxes			$	(3,151	)		$	1,026			$	(1,085	)		$	2,950				$	2,950
		Other (1)			271				179				1,200				2,385					2,385
		Total other			$	(2,880	)		$	1,205			$	115			$	5,335				$	5,335
	Operating Ratios
		NOI margin (NOI / total rental revenues) (2)(3)			75.9		%		75.2		%		75.0		%		74.3		%			74.3		%
		Expense recovery ratio (expense reimbursements / (operating costs + real estate     taxes))			88.9		%		86.8		%		88.2		%		86.7		%			86.7		%
	Additional Disclosures
		Capitalized interest			$	656			$	1,149			$	2,131			$	2,775				$	2,775
		Equity based compensation (4)			3,811				1,896				19,359				7,019					7,019
		Capitalized direct leasing compensation costs			3,666				3,974				11,231				11,505					11,505
		Capitalized direct construction compensation costs			1,552				1,451				4,603				4,363					4,363
(1) Includes property acquisition related expenses of $1,487 for the nine months ended September 30, 2015.
(2) NOI excludes unconsolidated joint venture Montecito Marketplace NOI of $201 and $567 at pro rata share for the three and nine months ended September 30, 2015, respectively.
(3) NOI includes straight-line rents and above- and below-market rent amortization, net.
(4) Includes a non-recurring charge related to pre-IPO compensation programs of $9,875 for the nine months ended September 30, 2015.

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 11

SAME PROPERTY NOI ANALYSIS & RECONCILIATION OF NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS
Unaudited, dollars in thousands
					Three Months Ended										Nine Months Ended
					9/30/15				9/30/14				Change		9/30/15				9/30/14				Change
	Same Property NOI Analysis
	Number of properties				516				516				—		516				516				—
	Percent billed				90.8		%		90.8		%		0.0%		90.8		%		90.8		%		0.0%
	Percent leased				92.5		%		92.7		%		(0.2%)		92.5		%		92.7		%		(0.2%)
	Revenues
		Rental income			$	229,401			$	222,984					$	682,262			$	664,374
		Expense reimbursements			64,931				63,268						200,030				197,074
		Percentage rents			1,533				1,570						5,075				4,611
					295,865				287,822				2.8%		887,367				866,059				2.5%
	Operating expenses
		Operating costs			(29,179		)		(29,001		)				(94,952		)		(95,435		)
		Real estate taxes			(45,205		)		(44,160		)				(133,195		)		(131,881		)
		Provision for doubtful accounts			(1,927		)		(2,775		)				(6,845		)		(8,628		)
					(76,311		)		(75,936		)		0.5%		(234,992		)		(235,944		)		(0.4%)
	Same property NOI				$	219,554			$	211,886			3.6%		$	652,375			$	630,115			3.5%
	Same property NOI excluding redevelopments (1)				$	217,858			$	210,297			3.6%		$	641,721			$	620,310			3.5%
	NOI margin (2)				74.2		%		73.6		%		0.8%		73.5		%		72.8		%		1.0%
	Expense recovery ratio				87.3		%		86.5		%		0.9%		87.7		%		86.7		%		1.1%
	Percent contribution to same property NOI growth:
					Change				Percent Change						Change				Percent Change
		Rent growth			$	6,417			3.0%						$	17,888			2.8%
		Net recoveries			440				0.2%						2,125				0.3%
		Other revenues			(37		)		0.0%						464				0.1%
		Provision for doubtful accounts			848				0.4%						1,783				0.3%
									3.6%										3.5%
	Reconciliation of Net Income Attributable to Common Stockholders to Same Property NOI
	Net income attributable to common stockholders				$	53,773			$	27,030					$	138,308			$	65,904
	Adjustments:
		Revenue adjustments (3)			(17,050		)		(18,277		)				(52,044		)		(54,206		)
		Depreciation and amortization			102,439				111,104						315,424				333,924
		Impairment of real estate assets			—				—						807				—
		General and administrative			22,030				19,624						73,030				59,221
		Total other expense			58,493				66,121						176,017				206,558
		Equity in income of unconsolidated joint ventures			(133		)		(112		)				(358		)		(248		)
		Gain on disposition of investments in unconsolidated joint ventures			—				—						—				(1,820		)
		Pro rata share of same property NOI of unconsolidated joint ventures			201				185						567				547
		Income from discontinued operations			—				(41		)				—				(19,307		)
		Net income attributable to non-controlling interests			1,046				6,834						2,814				40,998
		Non-same property NOI			(1,245		)		(582		)				(2,190		)		(1,456		)
	Same property NOI				$	219,554			$	211,886					$	652,375			$	630,115
	Impact of redevelopments				(1,696		)		(1,589		)				(10,654		)		(9,805		)
	Same property NOI excluding redevelopments (1)				$	217,858			$	210,297					$	641,721			$	620,310
(1) Excludes one redevelopment property for the three months ended September 30, 2015 and September 30, 2014 and three redevelopment properties for the nine months ended September 30,
2015 and September 30, 2014.
(2) NOI excludes straight-line rents and above- and below-market rent amortization, net.
(3) 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, 2015 Page 12

CAPITAL EXPENDITURES
Unaudited, dollars in thousands
					Three Months				Nine Months
					Ended 9/30/15				Ended 9/30/15
	Leasing related:
		Anchor space repositioning and redevelopment			$	32,931			$	77,815
		Tenant improvements			5,054				41,982
		External leasing commissions			1,047				5,521
					39,032				125,318
	Maintenance capital expenditures				6,309				15,331
					$	45,341			$	140,649

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 13

CAPITALIZATION, LIQUIDITY & DEBT RATIOS
Unaudited, dollars in thousands
								9/30/15				12/31/14
	Debt:
		Revolving credit facility						$	20,000			$	519,475
		Term loans						2,100,000				2,100,000
		Unsecured notes						1,218,453				243,453
		Secured mortgages						2,615,067				3,116,882
	Total principal debt							5,953,520				5,979,810
	Add: Net unamortized premium							40,911				63,187
	Less: Deferred financing fees							(25,095		)		(20,489		)
	Total debt							5,969,336				6,022,508
	Less: cash, cash equivalents and restricted cash							(90,746		)		(113,759		)
	Net debt							5,878,590				5,908,749
	Equity:
		Stockholders' equity						2,874,891				2,903,710
		Non-controlling interests						56,796				76,593
	Total equity							2,931,687				2,980,303
	Total capitalization							$	8,810,277			$	8,889,052
	Outstanding classes of stock and partnership units:
		Common shares outstanding						298,489				296,552
		Exchangeable OP Units held by non-controlling interests						5,798				7,695
								304,287				304,247
	Liquidity:
		Cash and cash equivalents and restricted cash						$	90,746			$	113,759
		Available under unsecured credit facility						1,230,000				730,525
								$	1,320,746			$	844,284
	Ratios:
		Principal debt to total market capitalization (1)						45.5		%		44.2		%
		Principal debt to total assets, before depreciation (consolidated portfolio only)						52.6		%		53.1		%
		Secured principal debt to total assets, before depreciation						23.1		%		27.7		%
		Net principal debt to adjusted EBITDA (GAAP)						6.8x				6.9x
		Net principal debt to adjusted EBITDA (cash)						7.3x				7.5x
		Unencumbered assets to unsecured debt						1.9x				2.0x
		Interest coverage (adjusted EBITDA / interest expense)						3.5x				3.3x
		Debt service coverage (adjusted EBITDA / (interest expense + scheduled principal payments))						3.1x				3.0x
		Fixed charge coverage (adjusted EBITDA / (interest expense + scheduled principal payments +     preferred dividends))						3.1x				3.0x
								9/30/15
		Percentage of total debt:
			Fixed					89.6		%
			Floating					10.4		%
		Unencumbered summary:
			Percent of properties					55.6		%
			Percent of NOI					56.0		%
		Weighted average maturity (years):
			Fixed					4.02
			Floating					3.41
			Total					3.95
	Credit Ratings:
		Fitch Ratings			BBB-
		Moody's Investors Service			Baa3
		Standard & Poor's Ratings Services			BBB-
(1) Market capitalization based on the September 30, 2015 closing stock price of $23.48.

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 14

DEBT OVERVIEW
Unaudited, dollars in thousands
	Maturity Schedule - Debt obligations
				Year								Scheduled Amortization				Scheduled Maturities				Total				Weighted Avg Interest Rate on Scheduled Maturities
				2015								$	8,142			$	—			$	8,142			—
				2016								22,458				1,235,404				1,257,862				5.58		%
				2017								21,842				347,817				369,659				6.15		%
				2018								19,476				1,500,000				1,519,476				2.24		%
				2019								20,126				600,000				620,126				1.65		%
				2020								15,212				751,365				766,577				6.17		%
				2021								—				186,225				186,225				6.24		%
				2022								—				500,000				500,000				3.88		%
				2023+								—				725,453				725,453				3.94		%
				Total Debt Maturities (1)								$	107,256			$	5,846,264			$	5,953,520			4.10		%
												Net unamortized discount on notes								(4,834		)
												Net unamortized premiums on mortgages								45,745
												Deferred financing costs								(25,095		)
												Debt obligations, net								$	5,969,336
	Detailed Maturity Schedule - Debt obligations
				Fixed Rate Secured Mortgages												Fixed Rate Unsecured Notes (2)								Variable Rate Unsecured Credit Facility / Fixed Rate Unsecured Credit Facility (2)
		Year		Scheduled Amortization				Scheduled Maturities				Weighted Avg Interest Rate on Scheduled Maturities				Scheduled Maturities				Weighted Avg Interest Rate on Scheduled Maturities				Scheduled Maturities				Weighted Avg Interest Rate on Scheduled Maturities
		2015		$	8,142			$	—			—				$	—			—				$	—			—
		2016		22,458				1,235,404				5.48%				—				—				—				—
		2017		21,842				327,817				6.02%				—				—				20,000				1.65	%
		2018		19,476				—				—				—				—				1,500,000				2.24	%
		2019		20,126				—				—				—				—				600,000				1.65	%
		2020		15,212				751,365				6.04%				—				—				—				—
		2021		—				186,225				6.24%				—				—				—				—
		2022		—				—				—				500,000				3.88		%		—				—
		2023+		—				7,000				4.40		%		718,453				3.94		%		—				—
		Total Debt Maturities		$	107,256			$	2,507,811			5.67%				$	1,218,453			3.91		%		$	2,120,000			2.07	%
(1) Excludes unconsolidated joint venture debt obligations of $2,894 at pro rata share.
(2) No scheduled amortization until maturity dates.

Supplemental Disclosure - Three Months Ended September 30, 2015 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
		REIT 4 LP 169		—				22			$	150,236			5.62	%		1/1/16		2.52	%
		South Plaza Shopping Center		California-Lexington Park, MD				1			14,927				5.42	%		1/11/16		0.25	%
		REIT 5 LP 240		—				12			216,961				5.63	%		2/1/16		3.64	%
		Chicopee Marketplace		Springfield, MA				1			17,415				5.97	%		6/1/16		0.29	%
		Cobblestone Village		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		0.62	%
		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		1.45	%
		REIT 16 LP 220		—				14			220,936				5.39	%		11/1/16		3.71	%
		REIT 14 LP 226		—				15			226,109				5.44	%		12/1/16		3.80	%
		REIT 15 LP 233		—				15			233,977				5.44	%		12/9/16		3.93	%
		Dublin Village		Dublin, GA				1			6,243				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			17,765				8.00	%		2/1/17		0.30	%
		Greensboro Village		Nashville-Davidson--Murfreesboro--Franklin, TN				1			8,805				5.52	%		2/11/17		0.15	%
		LP - JPM 300		—				18			289,883				6.38	%		9/1/17		4.87	%
		Whitaker Square		Winston-Salem, NC				1			9,053				6.32	%		12/1/17		0.15	%
		Christmas Tree Plaza		New Haven-Milford, CT				1			3,010				7.89	%		5/11/18		0.05	%
		LP - JPM CMBS		—				72			454,763				6.27	%		8/1/20		7.64	%
		Monroe ShopRite Plaza		New York-Newark-Jersey City, NY-NJ-PA				1			8,361				6.50	%		8/1/20		0.14	%
		Bethel Park Shopping Center		Pittsburgh, PA				1			9,716				6.50	%		8/1/20		0.16	%
		Ivyridge		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD				1			13,553				6.50	%		8/1/20		0.23	%
		Roosevelt Mall		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD				1			48,316				6.50	%		8/1/20		0.81	%
		Inland (Brixmor/IA, LLC) - Pool A		—				9			100,379				5.91	%		12/6/20		1.69	%
		Inland (Brixmor/IA, LLC) - Pool B		—				8			91,936				5.91	%		12/6/20		1.54	%
		Inland (Brixmor/IA, LLC) - Pool C		—				7			98,621				5.91	%		12/31/20		1.66	%
		REIT 20 LP 51 A		—				4			47,633				6.24	%		1/6/21		0.80	%
		REIT 20 LP 45 B		—				4			42,826				6.24	%		1/6/21		0.72	%
		REIT 20 LP 42 C		—				5			40,036				6.24	%		1/6/21		0.67	%
		REIT 20 LP 37 D		—				3			34,573				6.24	%		1/6/21		0.58	%
		REIT 20 LP 43 E		—				4			40,203				6.24	%		1/6/21		0.68	%
		Larchmont Centre		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD				1			7,000				4.40	%		3/1/24		0.12	%
		TOTAL FIXED RATE SECURED MORTGAGES									2,615,067									43.92	%
		Unsecured Credit Facility
		Term Loan Facility (1)		—				—			$	1,500,000			2.24	%		7/31/18		25.20	%
		TOTAL FIXED RATE UNSECURED CREDIT FACILITY									1,500,000									25.20	%
		Unsecured Notes
		3.88%, 2022 Brixmor OP Notes		—				—			$	500,000			3.88	%		8/15/22		8.40	%
		3.85%, 2025 Brixmor OP Notes		—				—			700,000				3.85	%		2/28/25		11.76	%
		7.97%, 2026 Brixmor LLC Notes		—				—			694				7.97	%		8/14/26		0.01	%
		7.65%, 2026 Brixmor LLC Notes		—				—			6,100				7.65	%		11/2/26		0.10	%
		7.68%, 2026 Brixmor LLC Notes I		—				—			748				7.68	%		11/2/26		0.01	%
		6.90%, 2028 Brixmor LLC Notes I		—				—			2,222				6.90	%		2/15/28		0.04	%

Supplemental Disclosure - Three Months Ended September 30, 2015 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
		6.90%, 2028 Brixmor LLC Notes II		—				—			5,486				6.90	%		2/15/28		0.09	%
		7.50%, 2029 Brixmor LLC Notes		—				—			3,203				7.50	%		7/30/29		0.05	%
		TOTAL FIXED RATE UNSECURED NOTES									1,218,453									20.47	%
		TOTAL FIXED RATE DEBT									$	5,333,520								89.59	%
	VARIABLE RATE DEBT:
		Unsecured Credit Facility
		Revolving Credit Facility - L+140bps		—				—			$	20,000			1.65	%		7/31/17		0.34	%
		Term Loan Facility - L+140bps		—				—			600,000				1.65	%		3/18/19		10.08	%
		TOTAL VARIABLE RATE UNSECURED CREDIT FACILITY									620,000									10.41	%
		TOTAL VARIABLE RATE DEBT									$	620,000								10.41	%
		TOTAL DEBT OBLIGATIONS									$	5,953,520								100.00	%
						Net unamortized discount on notes					(4,834		)
						Net unamortized premiums on mortgages					45,745
						Deferred financing costs					(25,095		)
						DEBT OBLIGATIONS, NET					$	5,969,336
* Indicates property is part of a larger shopping center.
(1) Term loan facility has been swapped from 1 month Libor to fixed at a combined rate of 0.844% (spread of 140bps).

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 17

UNSECURED OP NOTES COVENANT DISCLOSURE

Unaudited, dollars in thousands

Covenants

As of 9/30/15

I. Aggregate debt test

< 65%

53.5

%

Total Debt

5,969,336

Total Assets

11,154,135

II. Secured debt test

< 40%

23.8

%

Total Secured Debt

2,658,376

Total Assets

11,154,135

III. Unencumbered asset ratio

> 150%

190.1

%

Total Unencumbered Assets

6,294,386

Unsecured Debt

3,310,960

IV. Debt service test

> 1.5x

3.6x

Consolidated EBITDA

861,694

Annual Debt Service Charge

241,962

Definitions for unsecured notes covenants:

Debt:

Debt means, with respect to any person, any:

• indebtedness of such person in respect of borrowed money or evidenced by bonds, notes, debentures or similar instruments,

• indebtedness secured by any Lien on any property or asset owned by such person, but only to the extent of the lesser of (a) the amount of indebtedness

so secured and (b) the fair market value (determined in good faith by the Operating Partnership) of the property subject to such Lien,

• reimbursement obligations, contingent or otherwise, in connection with any letters of credit actually issued or amounts representing the balance deferred

and unpaid of the purchase price of any property except any such balance that constitutes an accrued expense or trade payable, or

• any lease of property by such person as lessee which is required to be reflected on such person’s balance sheet as a capitalized lease in accordance

with GAAP;

in the case of items of indebtedness under (i) through (iii) above to the extent that any such items (other than letters of credit) would appear as liabilities

on such person’s balance sheet in accordance with GAAP; provided, however, that the term “Debt” will (1) include, to the extent not otherwise included,

any non-contingent obligation of such person to be liable for, or to pay, as obligor, guarantor or otherwise (other than for purposes of collection in the

ordinary course of business), Debt of the types referred to above of another person, other than obligations to be liable for the Debt of another person solely

as a result of non-recourse carveouts (it being understood that Debt shall be deemed to be incurred by such person whenever such person shall create,

assume, guarantee or otherwise become liable in respect thereof) and (2) exclude any such indebtedness (or obligation referenced in clause (1) above)

that has been the subject of an “in substance” defeasance in accordance with GAAP and Intercompany Indebtedness that is subordinate in right of

payment to the notes (or an obligation to be liable for, or to pay, Intercompany Indebtedness that is subordinate in right of payment to the notes).

Total Assets:

The sum of, without duplication: (i) Undepreciated Real Estate Assets and (ii) all other assets (excluding accounts receivable and non-real estate intangibles)

of Brixmor OP and its Subsidiaries, all determined on a consolidated basis in accordance with GAAP.

Total Unencumbered Assets:

The sum of, without duplication: (i) those Undepreciated Real Estate Assets which are not subject to a Lien securing Debt; and (ii) all other assets (excluding

accounts receivable and non-real estate intangibles) of us and our Subsidiaries not subject to a Lien securing Debt, all determined on a consolidated basis

in accordance with GAAP; provided, however, that, in determining Total Unencumbered Assets as a percentage of outstanding Unsecured Debt for

purposes of the covenant set forth above in “Certain Covenants—Maintenance of Total Unencumbered Assets,” all investments in unconsolidated limited

partnerships, unconsolidated limited liability companies and other unconsolidated entities shall be excluded from Total Unencumbered Assets.

Unsecured Debt:

Debt of Brixmor OP or any of its Subsidiaries which is not secured by a Lien on any property or assets of Brixmor OP or any of its Subsidiaries.

Consolidated EBITDA:

For any period means Consolidated Net Income of Brixmor OP and its Subsidiaries for such period, plus amounts which have been deducted and minus

amounts which have been added for, without duplication: (i) interest expense on Debt; (ii) provision for taxes based on income; (iii) amortization of debt

discount, premium and deferred financing costs; (iv) the income or expense attributable to transactions involving derivative instruments that do not qualify

for hedge accounting in accordance with GAAP; (v) impairment losses and gains on sales or other dispositions of properties and other investments;

(vi) depreciation and amortization; (vii) net amount of extraordinary items or non-recurring items, as may be determined by us in good faith;

(viii) amortization of deferred charges; (ix) gains or losses on early extinguishment of debt; and (x) noncontrolling interests; all determined on a

consolidated basis in accordance with GAAP.

Annual Debt Service Charge:

For any period, the interest expense of Brixmor OP and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

Note: For full detailed descriptions of the OP Unsecured Notes Covenant calculations and definitions of capitalized terms please refer to the Prospectus Supplement filed by the OP with the

Securities and Exchange Commission on January 15, 2015.

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 18

UNSECURED CREDIT FACILITY COVENANT DISCLOSURE

Unaudited, dollars in thousands

Covenants

As of 9/30/15

I. Leverage ratio

< 60%

44.6

%

Total Outstanding Indebtedness

5,956,413

Balance Sheet Cash

93,918

Total Asset Value

13,147,857

II. Secured leverage ratio

< 40%

19.2

%

Total Secured Indebtedness

2,617,960

Balance Sheet Cash

93,918

Total Asset Value

13,147,857

III. Unsecured leverage ratio

< 60%

44.7

%

Total Unsecured Indebtedness

3,338,453

Unrestricted Cash

41,154

Unencumbered Asset Value

7,376,574

IV. Fixed charge coverage ratio

> 1.5x

3.2x

Total Net Operating Income

916,662

Capital Expenditure Reserve

13,046

Fixed Charges

284,540

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, 2015 Page 19

RECONCILIATION OF GAAP STATEMENTS OF OPERATIONS TO PRO FORMA
STATEMENTS OF OPERATIONS
Unaudited, dollars in thousands, except per share amounts
					Nine Months Ended 9/30/14
					Actual Results				Adjustments (1)				Pro Forma
	Revenues
		Rental income			$	717,975			$	—			$	717,975
		Expense reimbursements			197,730				—				197,730
		Other revenues			6,290				—				6,290
	Total revenues				921,995				—				921,995
	Operating expenses
		Operating costs			95,556				—				95,556
		Real estate taxes			132,592				—				132,592
		Depreciation and amortization			333,924				—				333,924
		Provision for doubtful accounts			8,617				—				8,617
		General and administrative			59,221				—				59,221
	Total operating expenses				629,910				—				629,910
	Other income (expense)
		Dividends and interest			436				—				436
		Interest expense			(199,464		)		—				(199,464		)
		Gain on sale of real estate assets			378				—				378
		Loss on extinguishment of debt, net			(2,573		)		—				(2,573		)
		Other			(5,335		)		—				(5,335		)
	Total other expense				(206,558		)		—				(206,558		)
	Income before equity in income of unconsolidated joint ventures				85,527				—				85,527
	Equity in income of unconsolidated joint ventures				248				68				316
	Gain on disposition of investments in unconsolidated joint ventures				1,820				(1,820		)		—
	Income from continuing operations				87,595				(1,752		)		85,843
	Discontinued operations
		Income from discontinued operations			4,881				(4,787		)		94
		Gain on disposition of operating properties			14,426				(14,426		)		—
	Income from discontinued operations				19,307				(19,213		)		94
	Net income				106,902				(20,965		)		85,937
		Net income attributable to non-controlling interests			(40,998		)		21,015				(19,983		)
	Net income attributable to common stockholders				$	65,904			$	50			$	65,954
	Per common share:
		Income from continuing operations:
			Basic		$	0.28			$	—			$	0.28
			Diluted		$	0.28			$	—			$	0.28
		Net income attributable to common stockholders:
			Basic		$	0.28			$	—			$	0.28
			Diluted		$	0.28			$	—			$	0.28
		Weighted average number of vested common shares:
			Basic		233,781				—				233,781
			Diluted		234,920				—				234,920
(1) Reflects the impact associated with the distribution of 36 of the Excluded Properties during the first quarter of 2014. The pro forma adjustments assume that the distribution of the properties
was completed as of January 1, 2014.

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 20

TRANSACTION SUMMARY

Supplemental Disclosure

Three Months Ended September 30, 2015

ACQUISITIONS
Dollars in thousands
	Property Name		Property Type (1)		MSA		Purchase Date		Purchase Amount				Cap- Rate			GLA			Percent Leased			ABR/ SF				Major Tenants
	Three Months Ended June 30, 2015
	Retail Building at Bardin Place Center		B		Dallas-Fort Worth-Arlington, TX		6/10/15		$	9,258			6.8	%		96,127			100.0	%		$	6.75			Hobby Lobby
	Webster Square Shopping Center		S		Boston-Cambridge-Newton, MA-NH		6/30/15		31,950				6.6	%		182,756			97.9	%		29.55				Marshalls, Star Market
	Larchmont Centre		S		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		6/30/15		18,000				6.8	%		103,787			92.3	%		12.47				ShopRite
									$	59,208			6.7	%		382,670
					TOTAL - NINE MONTHS ENDED 9/30/15				$	59,208			6.7	%		382,670
(1) B - Building, S - Shopping Center.

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 22

DISPOSITIONS
Dollars in thousands
	Property Name		Property Type (1)		MSA				Sale Date		Sale Amount				Gain / (loss)					Cap- Rate			GLA / Acres			Percent Leased			ABR/ SF
	Three Months Ended March 31, 2015
	Parkwest Crossing		S		Durham-Chapel Hill, NC				1/30/15		$	10,250			$	(807	)			7.2	%		85,602			94.9	%		$	10.03
											10,250				(807		)			7.2	%		85,602
	Three Months Ended June 30, 2015
	Portfolio Sale										$	32,349			$	9,224				7.3	%
	Brenham Four Corners		S		Brenham, TX				4/27/15		—				—			—		—			114,571			100.0	%		$	8.27
	Davenport Retail Center		S		Davenport-Moline-Rock Island, IA-IL				6/16/15		—				—			—		—			62,588			100.0	%		11.50
	BJ's Plaza		S		Portland-South Portland, ME				6/16/15		—				—			—		—			104,233			100.0	%		7.70
	Outparcels at Midway Market Square		O		Cleveland-Elyria, OH				6/16/15		—				—			—		—			7,922			100.0	%		—
											32,349				9,224					7.3	%		289,314
					TOTAL - NINE MONTHS ENDED 9/30/15						$	42,599			$	8,417				7.2	%		374,916
(1) S - Shopping Center, O - Outparcels.

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 23

PORTFOLIO SUMMARY

Supplemental Disclosure

Three Months Ended September 30, 2015

Joint venture, Montecito Marketplace is included at 100%

PORTFOLIO OVERVIEW
						As of:
						9/30/15				6/30/15				3/31/15				12/31/14				9/30/14
	Number of properties					519				519				520				521				522
	GLA					86,696,827				86,602,682				86,547,975				86,828,506				86,769,179
	Percent leased					92.6		%		92.5		%		92.4		%		92.8		%		92.7		%
		TOTAL ≥ 10,000 SF				96.2		%		96.2		%		96.3		%		97.1		%		97.0		%
		TOTAL < 10,000 SF				84.0		%		83.6		%		83.2		%		82.6		%		82.6		%
	Percent billed					90.9		%		90.3		%		90.3		%		91.3		%		90.8		%
	ABR					$	939,293,390			$	929,956,921			$	919,517,500			$	915,619,305			$	910,849,214
	ABR/SF					$	12.68			$	12.31			$	12.19			$	12.14			$	12.10
	Percent grocery anchored					72		%		71		%		70		%		71		%		70		%
	Percent community shopping centers					63		%		63		%		63		%		63		%		63		%
	Percent neighborhood shopping centers					37		%		37		%		37		%		37		%		37		%
	PORTFOLIO BY UNIT SIZE AS OF 9/30/15
			Number of Units			GLA				Percent Leased				Percent Billed				Percent of Vacant GLA				ABR				ABR/SF
		≥ 35,000 SF	583			36,225,091				98.3		%		97.2		%		9.3		%		$	278,260,922			$	9.12
		20,000 – 34,999 SF	552			14,506,241				95.1		%		93.2		%		11.1		%		131,487,134				9.64
		10,000 - 19,999 SF	757			10,268,606				90.0		%		87.9		%		16.0		%		112,957,782				12.57
		5,000 - 9,999 SF	1,374			9,437,944				86.2		%		84.5		%		20.2		%		123,355,347				15.76
		< 5,000 SF	8,532			16,258,945				82.8		%		80.3		%		43.4		%		293,232,204				22.37
		TOTAL	11,798			86,696,827				92.6		%		90.9		%		100.0		%		$	939,293,390			$	12.68
		TOTAL ≥ 10,000 SF	1,892			60,999,938				96.2		%		94.7		%		36.4		%		$	522,705,838			$	9.84
		TOTAL < 10,000 SF	9,906			25,696,889				84.0		%		81.9		%		63.6		%		416,587,552				19.90

Supplemental Disclosure - Three Months Ended September 30, 2015 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			4,366,884			5.0	%		$	30,241,684			3.2	%
		2	The TJX Companies, Inc. (2)				91			2,907,531			3.4	%		29,591,058				3.2	%
		3	Dollar Tree Stores, Inc. (3)				169			1,875,513			2.2	%		18,145,037				1.9	%
		4	Wal-Mart Stores, Inc. (4)				29			3,548,000			4.1	%		16,910,532				1.8	%
		5	Publix Super Markets, Inc. (5)				39			1,801,416			2.1	%		16,658,007				1.8	%
		6	Ahold USA, Inc. (6)				22			1,314,212			1.5	%		14,663,586				1.6	%
		7	Albertsons Companies, Inc. (7)				23			1,278,405			1.5	%		14,208,376				1.5	%
		8	Burlington Stores, Inc.				19			1,389,971			1.6	%		10,560,978				1.1	%
		9	Sears Holdings Corporation (8)				23			2,135,926			2.5	%		9,326,212				1.0	%
		10	PetSmart, Inc.				30			652,714			0.8	%		9,302,581				1.0	%
			TOP 10 RETAILERS				513			21,270,572			24.5	%		169,608,050				18.1	%
		11	Bed Bath & Beyond Inc. (9)				30			737,711			0.9	%		9,248,103				1.0	%
		12	Ross Stores, Inc. (10)				30			844,474			1.0	%		9,103,541				1.0	%
		13	Office Depot, Inc. (11)				36			806,743			0.9	%		8,885,025				0.9	%
		14	Best Buy Co., Inc.				16			660,392			0.8	%		8,832,072				0.9	%
		15	Big Lots, Inc.				45			1,448,043			1.7	%		8,688,768				0.9	%
		16	Kohl's Corporation				12			1,002,715			1.2	%		7,330,353				0.8	%
		17	PETCO Animal Supplies, Inc. (12)				34			453,435			0.5	%		7,058,746				0.8	%
		18	Staples, Inc.				28			600,331			0.7	%		6,956,075				0.7	%
		19	DICK'S Sporting Goods, Inc. (13)				13			542,121			0.6	%		6,948,044				0.7	%
		20	Hobby Lobby Stores, Inc.				17			1,039,742			1.2	%		6,711,166				0.7	%
			TOP 20 RETAILERS				774			29,406,279			33.9	%		249,369,945				26.5	%
		21	Party City Corporation				34			464,341			0.5	%		6,535,104				0.7	%
		22	L.A. Fitness International, LLC				10			427,095			0.5	%		6,385,224				0.7	%
		23	Ascena Retail Group, Inc. (14)				55			339,597			0.4	%		6,055,851				0.6	%
		24	Michaels Stores, Inc.				26			570,345			0.7	%		5,961,789				0.6	%
		25	Southeastern Grocers (15)				16			746,898			0.9	%		5,759,219				0.6	%
		26	The Home Depot, Inc.				8			799,388			0.9	%		5,755,311				0.6	%
		27	Giant Eagle, Inc.				7			555,560			0.6	%		5,155,366				0.5	%
		28	CVS Health				25			329,568			0.4	%		5,142,613				0.5	%
		29	Walgreen Co.				21			300,253			0.3	%		4,890,391				0.5	%
		30	H.E. Butt Grocery Company (16)				8			401,380			0.5	%		4,671,167				0.5	%
		31	Gap, Inc. (17)				16			257,085			0.3	%		4,204,363				0.4	%
		32	Barnes & Noble, Inc.				11			248,673			0.3	%		4,196,769				0.4	%
		33	Payless ShoeSource				68			209,847			0.2	%		4,163,193				0.4	%
		34	Jo-Ann Stores, Inc.				22			422,528			0.5	%		4,131,846				0.4	%
		35	Sally Beauty Holdings, Inc.				116			194,975			0.2	%		4,109,304				0.4	%
		36	Wakefern Food Corporation (18)				7			354,575			0.4	%		4,064,206				0.4	%
		37	Beall's, Inc. (19)				27			586,945			0.7	%		4,048,458				0.4	%
		38	JPMorgan Chase & Co.				30			108,604			0.1	%		4,041,502				0.4	%
		39	ULTA Beauty				17			194,478			0.2	%		3,888,876				0.4	%
		40	Toys"R"Us, Inc. (20)				11			410,868			0.5	%		3,875,599				0.4	%
			TOTAL TOP 40 RETAILERS				1,309			37,329,282			43.1	%		$	346,406,097			36.9	%
(1) Includes Kroger (54), Harris Teeter (3), King Soopers (3), Ralphs (3), Smith's (2),						(7) Includes Vons (4), Albertsons (4), Acme (3), Randalls (3), Tom Thumb (3),										(14) Includes dressbarn (23), Catherines (11), Lane Bryant (8), Justice (7),
Dillons (1), Food 4 Less (1) and Pay Less (1).						Dominick's (2), Shaw's (2), Jewel-Osco (1) and $.99 Only Store (1).										maurices (5) and Ann Taylor (1).
(2) Includes T.J. Maxx (49), Marshalls (34) and HomeGoods (8).						(8) Includes Kmart (20), Sears (2) and Sears Outlet (1).										(15) Includes Winn-Dixie (9), BI-LO (4) and Harveys (3).
(3) Includes Dollar Tree (128), Family Dollar (37), Deals (3) and Dollar Stop (1).						(9) Includes Bed Bath & Beyond (17), Harmon Face Values (6), Christmas Tree										(16) Includes H-E-B (7) and Central Market (1).
(4) Includes Supercenters (14), Discount Stores (9), Walmart Neighborhood						Shops (4), World Market (2) and buybuy BABY (1).										(17) Includes Old Navy (12), GAP Factory (2), GAP (1) and Banana
Market (5) and Sam's Club (1).						(10) Includes Ross Dress for Less (29) and dd's Discounts (1).										Republic Factory (1).
(5) Includes Publix (38) and Publix Sabor (1).						(11) Includes Office Depot (20) and OfficeMax (16).										(18) Includes ShopRite (4) and PriceRite (3).
(6) Includes Giant Food (9), Super Stop & Shop (7), Martin's Food Markets (2),						(12) Includes PETCO (33) and Unleashed (1).										(19) Includes Beall's Outlet (14), Burke's Outlet (9), Burke's (2),
ShopRite (1), Stop & Shop (1), McCaffrey's (1) and Tops (1).						(13) Includes DICK'S Sporting Goods (10) and Golf Galaxy (3).										and Beall's Department Store (2).
																(20) Includes Babies"R"Us (7) and Toys"R"Us (4)

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 26

NEW & RENEWAL LEASE SUMMARY
Dollars in thousands except per square foot amounts
																		Tenant Improvements PSF (1)				Leasing Commissions PSF				Weighted Average Lease Term (years)			Comparable Only
				Leases			GLA			New ABR				New ABR/SF															Leases			GLA			New ABR/SF				Old ABR/SF				Rent Growth (2)
		TOTAL - ALL LEASES
		Three months ended 9/30/15		474			3,333,715			$	42,937			$	12.88			$	5.82			$	0.76			6.0			401			3,037,387			$	12.49			$	10.84			15.2		%
		Three months ended 6/30/15		505			3,355,591			41,924				12.49				5.05				0.93				5.5			389			2,995,769			12.12				10.44				16.1		%
		Three months ended 3/31/15		485			2,790,404			38,137				13.67				5.47				0.71				5.8			385			2,391,199			13.53				11.90				13.7		%
		Three months ended 12/31/14		466			3,107,911			40,064				12.89				5.57				1.09				6.3			365			2,635,743			13.05				11.46				13.9		%
		TOTAL - TTM		1,930			12,587,621			$	163,063			$	12.95			$	5.48			$	0.88			5.9			1,540			11,060,098			$	12.75			$	11.11			14.8		%
		NEW LEASES
		Three months ended 9/30/15		126			600,829			$	9,821			$	16.35			$	24.71			$	4.14			8.5			53			304,501			$	15.81			$	10.61			49.0		%
		Three months ended 6/30/15		206			856,542			13,614				15.89				18.54				3.59				7.4			90			496,720			16.08				10.69				50.4		%
		Three months ended 3/31/15		169			801,983			12,388				15.45				17.40				2.42				9.2			69			402,778			16.37				11.74				39.4		%
		Three months ended 12/31/14		177			995,012			13,381				13.45				16.31				3.26				8.1			76			522,844			14.77				10.43				41.6		%
		TOTAL - TTM		678			3,254,366			$	49,204			$	15.12			$	18.72			$	3.30			8.3			288			1,726,843			$	15.70			$	10.84			44.8		%
		RENEWAL & OPTION LEASES
		Three months ended 9/30/15		348			2,732,886			$	33,116			$	12.12			$	1.67			$	0.02			5.4			348			2,732,886			$	12.12			$	10.87			11.5		%
		Three months ended 6/30/15		299			2,499,049			28,310				11.33				0.42				0.02				4.9			299			2,499,049			11.33				10.39				9.1		%
		Three months ended 3/31/15		316			1,988,421			25,749				12.95				0.66				0.02				4.5			316			1,988,421			12.95				11.93				8.6		%
		Three months ended 12/31/14		289			2,112,899			26,684				12.63				0.52				0.07				5.4			289			2,112,899			12.63				11.71				7.8		%
		TOTAL - TTM		1,252			9,333,255			$	113,858			$	12.20			$	0.86			$	0.03			5.1			1,252			9,333,255			$	12.20			$	11.16			9.3		%
	RENT GROWTH BY TENANT SIZE																											LEASES BY ANCHOR AND SMALL SHOP - THREE MONTHS ENDED 9/30/15
				Three Months Ended																												% of Leases			% of GLA				% of ABR				New ABR/SF
		TOTAL - ALL LEASES		9/30/15			6/30/15			3/31/15				12/31/14														Anchor Leases (≥ 10,000 SF)
		≥ 35,000 SF		15.5	%		22.9	%		10.9		%		16.3		%												Total - All leases				15	%		67		%		49		%		$	9.35
		20,000 – 34,999 SF		17.0	%		4.2	%		8.9		%		16.1		%												New leases				9	%		46		%		37		%		13.07
		10,000 - 19,999 SF		13.0	%		20.8	%		17.5		%		14.6		%												Renewal leases				17	%		72		%		52		%		8.82
		5,000 - 9,999 SF		13.1	%		14.8	%		17.9		%		12.7		%
		< 5,000 SF		15.2	%		16.8	%		14.4		%		11.2		%												Small Shop Leases (< 10,000 SF)
		TOTAL		15.2	%		16.1	%		13.7		%		13.9		%												Total - All leases				85	%		33		%		51		%		$	20.18
		TOTAL ≥ 10,000 SF		15.7	%		15.8	%		12.0		%		15.9		%												New leases				91	%		54		%		63		%		19.14
		TOTAL < 10,000 SF		14.6	%		16.3	%		15.3		%		11.5		%												Renewal leases				83	%		28		%		48		%		20.63
(1) Excludes Landlord Costs.
(2) Cash.

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 27

NEW LEASE NET EFFECTIVE RENT
				Twelve Months Ended				Three Months Ended
				9/30/15				9/30/15				6/30/15				3/31/15				12/31/14
	NEW LEASES
	Weighted average over lease term:
		Base rent		$	15.90			$	17.42			$	16.84			$	15.97			$	14.12
		TI/TA allowance		(2.32		)		(2.83		)		(2.33		)		(2.09		)		(2.20		)
		Landlord work		(0.37		)		(0.26		)		(0.28		)		(0.43		)		(0.45		)
		Third party leasing commissions		(0.39		)		(0.46		)		(0.43		)		(0.29		)		(0.40		)
		Rent concessions		—				—				—				—				—
	EQUIVALENT NET EFFECTIVE RENT			$	12.82			$	13.87			$	13.80			$	13.16			$	11.07
	Net effective rent / base rent			81		%		80		%		82		%		82		%		78		%
	Weighted average term (years)			8.3				8.5				7.4				9.2				8.1
	PERCENT OF TOTAL EQUIVALENT NET EFFECTIVE RENT BY ANCHOR AND SMALL SHOP
		≥ 10,000 SF		37		%		36		%		31		%		37		%		45		%
		< 10,000 SF		63		%		64		%		69		%		63		%		55		%

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 28

ANCHOR SPACE REPOSITIONING SUMMARY

Dollars in thousands

Property Name

MSA

Description

IN PROCESS ANCHOR SPACE REPOSITIONINGS

1

Glendale Galleria

Phoenix-Mesa-Scottsdale, AZ

Remerchandise former Smashing Buys with a 37K SF LA Fitness

2

California Oaks Center

Riverside-San Bernardino-Ontario, CA

Remerchandise former Ralphs with a 19K SF Barons Market

3

Metro 580

San Francisco-Oakland-Hayward, CA

Remerchandise former Borders with a 23K SF Party City

4

Arapahoe Crossings

Denver-Aurora-Lakewood, CO

Remerchandise former Marshalls and former OfficeMax with a 31K SF Stein Mart and a 24K SF buybuy BABY

5

Stratford Square

Bridgeport-Stamford-Norwalk, CT

Reconfigure former movie theatre with a 49K SF LA Fitness

6

The Manchester Collection

Hartford-West Hartford-East Hartford, CT

Combination of former Office Depot and adjacent anchor vacancy for a 39K SF The Edge Fitness Clubs

7

North Haven Crossing

New Haven-Milford, CT

Remerchandise former Staples with an 8K SF Five Below and a 6K SF Lumber Liquidators

8

Cobblestone Village

Jacksonville, FL

Remerchandise former vacancy with a 15K SF Party City

9

Park Shore Plaza

Naples-Immokalee-Marco Island, FL

Remerchandise former Kmart with a 60K SF Burlington Stores, a 19K SF Party City and an additional 16K SF junior anchor and a 5K SF small shop space

10

Wilmington Island

Savannah, GA

Reconfigure junior anchor and small shop space to accommodate expansion of existing Kroger to 75K SF prototype store and addition of Kroger fuel center

11

Annex of Arlington

Chicago-Naperville-Elgin, IL-IN-WI

Downsize existing 27K SF Petco to 14K SF to accommodate a 13K SF Chuck E. Cheese’s

12

Rivercrest Shopping Center

Chicago-Naperville-Elgin, IL-IN-WI

Addition of a 9K SF Five Below in former Kmart, in conjuntion with previous remerchandising with Ross Dress for Less and Party City

13

The Commons of Crystal Lake

Chicago-Naperville-Elgin, IL-IN-WI

Remerchandise former Marshalls and Toys R Us with a 58K SF Burlington Stores

14

Westridge Court

Chicago-Naperville-Elgin, IL-IN-WI

Remerchandise former Hollywood Palms Cinema with a 50K SF Star Cinema Grill

15

Speedway Super Center

Indianapolis-Carmel-Anderson, IN

Remerchandise former Party City with a 17K SF Oak Street Health center

16

Westlane Shopping Center

Indianapolis-Carmel-Anderson, IN

Remerchandise former Marsh Supermarket with a 17K SF Save-A-Lot and a 12K SF Citi Trends

17

Points West Plaza

Boston-Cambridge-Newton, MA-NH

Combination of two adjacent small shop vacancies for a 15K SF Citi Trends and remerchandise former Pay/Half with an 11K SF L&M Bargain

18

Perkins Farm Marketplace

Worcester, MA-CT

Remerchandise anchor vacancy with a 13K SF Citi Trends and an additional anchor

19

Southfield Plaza

Detroit-Warren-Dearborn, MI

Addition of a 22K SF Party City in addition to existing Planet Fitness to complete remerchandise of former Farmer Jack

20

Delta Center

Lansing-East Lansing, MI

Remerchandise former Party City USA with expansion of existing Men's Wearhouse to a new 10K SF DXL Destination XL

21

Marketplace @ 42

Minneapolis-St. Paul-Bloomington, MN-WI

Remerchandise former Rainbow Foods with a 32K SF Fresh Thyme Farmers Market and a 21K SF junior anchor

22

Richfield Hub

Minneapolis-St. Paul-Bloomington, MN-WI

Remerchandise former Bally's Total Fitness with a 26K SF FLEX Academy

23

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

24

Galleria Commons

Las Vegas-Henderson-Paradise, NV

Remerchandise former Pacific Sales with a 13K SF Tuesday Morning and a 10K SF Kirkland's

25

Willow Springs Plaza

Manchester-Nashua, NH

Remerchandise former Namco Pools with a 33K SF New Hampshire Liquor and Wine Outlet

26

Hamilton Plaza-Kmart Plaza

Trenton, NJ

Reconfigure former Acme with a 19K SF Planet Fitness and a 13K SF Hibachi Grill

27

College Plaza

New York-Newark-Jersey City, NY-NJ-PA

Remerchandise former Rite Aid with an 18K SF A.C. Moore

28

Erie Canal Centre

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

29

Franklin Square

Charlotte-Concord-Gastonia, NC-SC

Remerchandise former OfficeMax with relocation and expansion of existing Michaels to 20K SF

30

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

31

Crown Point

Columbus, OH

Remerchandise former Lombard's Furniture and adjacent small shop vacancy with a 21K SF Planet Fitness

32

Bethel Park Shopping Center

Pittsburgh, PA

Utilize three small shop spaces to accomodate Giant Eagle expansion

33

The Commons at Wolfcreek

Memphis, TN-MS-AR

Remerchandise former OfficeMax with a 15K SF DSW and a 9K SF Five Below

34

Oakwood Commons

Nashville-Davidson--Murfreesboro--Franklin, TN

Rightsize existing Goody's to 24K SF and remerchandise remaining space with a 10K SF Dollar Tree

35

Parmer Crossing

Austin-Round Rock, TX

Remerchandise former RoomStore with a 29K SF Mega Furniture and a 27K SF junior anchor

36

Bardin Place Center

Dallas-Fort Worth-Arlington, TX

Reconfigure former Sports Authority and adjacent small shop space with an 86K SF WinCo Foods

37

Preston Ridge

Dallas-Fort Worth-Arlington, TX

Remerchandise former Gatti-Town Pizza with a 29K SF Saks OFF Fifth

38

Webb Royal Plaza

Dallas-Fort Worth-Arlington, TX

Remerchandise former grocer with a 35K SF El Rio Grande Latin Market

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 29

ANCHOR SPACE REPOSITIONING SUMMARY

Dollars in thousands

Property Name

MSA

Description

COMPLETED ANCHOR SPACE REPOSITIONINGS - NINE MONTHS ENDED 9/30/15

1

Marketplace at Wycliffe

Miami-Fort Lauderdale-West Palm Beach, FL

Remerchandise former Winn-Dixie with a 45K SF Walmart Neighborhood Market

2

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

3

Panama City Square

Panama City, FL

Remerchandise former Michaels with a 28K SF Harbor Freight Tools

4

Mansell Crossing

Atlanta-Sandy Springs-Roswell, GA

Remerchandise former OfficeMax with a 24K SF REI

5

Northeast Plaza

Atlanta-Sandy Springs-Roswell, GA

Remerchandise former G-Mart International Foods with a 56K SF City Farmers Market grocer

6

The Village at Mableton

Atlanta-Sandy Springs-Roswell, GA

Remerchandise former Shoppes at Mableton with a 30K SF Ollie's Bargain Outlet

7

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

8

Karam Shopping Center

Lafayette, LA

Remerchandise former Conn's with a 21K SF dd's Discount (Ross Dress for Less)

9

West Ridge

Detroit-Warren-Dearborn, MI

Remerchandise former Tile Shop with a 25K SF Bed Bath & Beyond and relocation of existing Party City to 25K SF prototype

10

The Commons at Chancellor Park

Charlotte-Concord-Gastonia, NC-SC

Remerchandise former Hobby Lobby with a 61K SF Gabe's

11

Florence Plaza - Florence Square

Cincinnati, OH-KY-IN

Remerchandise former Kroger (Kroger previously relocated within center) with a 44K SF Burlington Stores

12

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

13

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

14

Town Plaza

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

Addition of a 20K SF Tractor Supply Co. in remainder of former Ames space

15

Festival Centre

Charleston-North Charleston, SC

Remerchandise former Hamrick's with a 40K SF Sears Outlet

16

Kingston Overlook

Knoxville, TN

Remerchandise former American Signature Home with a 53K SF Sears Home Outlet

17

Watson Glen Shopping Center

Nashville-Davidson--Murfreesboro--Franklin, TN

Remerchandise former Kmart with an 86K SF At Home (Garden Ridge)

18

Williamson Square

Nashville-Davidson--Murfreesboro--Franklin, TN

Remerchandise former grocer with a 29K SF SkyZone and a 17K SF Planet Fitness

19

Ridgeview Centre

Wise, VA

Remerchandise former Kmart with a 29K SF Ollie's Bargain Outlet

20

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

2015 Anchor Space Repositionings:

Number of Projects

Expected Total Project Costs

Costs to Date

NOI Yield

In Process

38

$

96,536

$

46,976

13.8

%

Completed

20

53,035

53,035

15.3

%

TOTAL

58

$

149,571

$

100,011

14.3

%

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 30

REDEVELOPMENT & OUTPARCEL DEVELOPMENT SUMMARY
Dollars in thousands
													Construction					Expected
										Percent			Stabilization		Percent			Total				Costs				NOI
				Property Name		MSA		Project Description		Leased			Quarter		Complete			Project Cost				to Date				Yield
	OUTPARCEL DEVELOPMENTS:
		IN PROCESS OUTPARCEL DEVELOPMENTS
		1		Puente Hills Town Center		Los Angeles-Long Beach-Anaheim, CA		Reconfigure former freestanding Barnes & Noble with a 3K SF Habit Burger Grill, a 3K SF Pacific Fish Grill and two additional small shop retailers		97.6	%		Dec-15		17	%		$	2,561			$	440			11.1	%
		2		Applegate Ranch Shopping Center		Merced, CA		Construction of a 5K SF Applebee's Neighborhood Grill & Bar outparcel		96.7	%		Dec-15		19	%		702				134				10.6	%
		3		Wadsworth Crossings		Cleveland-Elyria, OH		Construction of a 4K SF Mattress Firm outparcel		99.3	%		Dec-15		64	%		1,664				1,060				11.5	%
		4		Park Hills Plaza		Altoona, PA		Construction of a 4K SF Red Robin outparcel		84.4	%		Dec-15		89	%		253				225				23.7	%
		5		Mira Mesa Mall		San Diego-Carlsbad, CA		Construction of a 3K SF Habit Burger Grill outparcel		97.0	%		Mar-16		10	%		1,038				105				20.7	%
		6		Wynnewood Village		Dallas-Fort Worth-Arlington, TX		Construction of a 3K SF Popeyes Louisiana Kitchen outparcel		88.2	%		Mar-16		0	%		560				0				14.9	%
		7		Arbor - Broadway Faire		Fresno, CA		Reconfigure former outparcel building for a 6K SF Buffalo Wild Wings		98.3	%		Jun-16		13	%		282				37				61.3	%
		8		Westgate		Dublin, GA		Construction of a 2K SF Dunkin' Donuts / Baskin-Robbins		94.0	%		Jun-16		10	%		329				32				16.8	%
		9		Tinley Park Plaza		Chicago-Naperville-Elgin, IL-IN-WI		Reconfigure 8K SF space with a 3K SF Blaze Pizza, a 3K SF Noodles & Company and 2K SF of additional retail space		70.2	%		Sep-16		6	%		2,882				168				13.5	%
		10		Century Plaza Shopping Center		Miami-Fort Lauderdale-West Palm Beach, FL		Construction of a 13K SF CVS drive-thru pharmacy outparcel		100.0	%		Dec-16		15	%		3,831				588				11.8	%
				TOTAL IN PROCESS OUTPARCEL DEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE														$	14,102			$	2,789			14.0	%

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 31

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		697			1,950,368			2.4	%		$	12.31			2.6	%		25			740,475			1.3	%		$	7.28			1.0	%		672			1,209,893			5.6	%		$	15.39			4.5	%
		2015		223			976,621			1.2	%		12.13				1.3	%		23			469,523			0.8	%		6.30				0.6	%		200			507,098			2.3	%		17.52				2.1	%
		2016		1,754			9,900,100			12.3	%		11.67				12.3	%		191			6,441,991			11.0	%		8.01				9.9	%		1,563			3,458,109			16.0	%		18.49				15.3	%
		2017		1,675			10,673,916			13.3	%		12.25				13.9	%		234			7,101,312			12.1	%		8.78				11.9	%		1,441			3,572,604			16.5	%		19.14				16.4	%
		2018		1,608			10,017,349			12.5	%		12.47				13.3	%		213			6,612,888			11.3	%		8.93				11.3	%		1,395			3,404,461			15.8	%		19.33				15.8	%
		2019		1,304			10,215,431			12.7	%		11.56				12.6	%		217			7,259,800			12.4	%		8.55				11.9	%		1,087			2,955,631			13.7	%		18.96				13.4	%
		2020		1,087			10,314,144			12.9	%		11.07				12.2	%		228			7,970,055			13.6	%		8.51				13.0	%		859			2,344,089			10.9	%		19.78				11.1	%
		2021		405			5,301,614			6.6	%		11.12				6.3	%		139			4,372,675			7.5	%		9.42				7.9	%		266			928,939			4.3	%		19.10				4.3	%
		2022		271			3,718,049			4.6	%		10.89				4.3	%		87			3,054,450			5.2	%		8.57				5.0	%		184			663,599			3.1	%		21.57				3.4	%
		2023		273			3,671,105			4.6	%		10.23				4.0	%		94			2,992,153			5.1	%		8.07				4.6	%		179			678,952			3.1	%		19.75				3.2	%
		2024+		860			13,508,575			16.8	%		12.07				17.4	%		321			11,637,584			19.8	%		10.31				22.9	%		539			1,870,991			8.7	%		23.04				10.3	%
	ASSUMES EXERCISE OF ALL RENEWAL OPTIONS AND ANY BASE RENT ESCALATIONS OVER LEASE TERM (1)
		Month to Month		697			1,950,368			2.4	%		$	12.98			2.1	%		25			740,475			1.3	%		$	8.46			0.8	%		672			1,209,893			5.6	%		$	15.75			4.1	%
		2015		166			579,675			0.7	%		14.03				0.7	%		14			207,808			0.4	%		7.59				0.2	%		152			371,867			1.7	%		17.63				1.4	%
		2016		1,228			3,615,470			4.5	%		14.40				4.3	%		61			1,440,006			2.5	%		7.43				1.4	%		1,167			2,175,464			10.1	%		19.02				8.9	%
		2017		1,062			3,457,473			4.3	%		15.21				4.3	%		55			1,193,411			2.0	%		8.80				1.4	%		1,007			2,264,062			10.5	%		18.60				9.1	%
		2018		981			2,832,232			3.5	%		16.28				3.8	%		49			1,019,380			1.7	%		10.27				1.4	%		932			1,812,852			8.4	%		19.65				7.7	%
		2019		753			2,848,570			3.5	%		14.55				3.4	%		52			1,202,558			2.1	%		8.88				1.4	%		701			1,646,012			7.6	%		18.70				6.6	%
		2020		652			2,833,076			3.5	%		14.18				3.3	%		50			1,380,969			2.4	%		8.83				1.6	%		602			1,452,107			6.7	%		19.27				6.0	%
		2021		409			1,879,541			2.3	%		15.37				2.4	%		38			815,750			1.4	%		10.33				1.1	%		371			1,063,791			4.9	%		19.23				4.4	%
		2022		402			1,953,482			2.4	%		16.15				2.6	%		45			930,983			1.6	%		9.86				1.2	%		357			1,022,499			4.7	%		21.88				4.8	%
		2023		437			2,229,076			2.8	%		15.83				2.9	%		47			1,033,173			1.8	%		9.77				1.3	%		390			1,195,903			5.5	%		21.06				5.4	%
		2024+		3,370			56,068,309			69.9	%		15.20				70.2	%		1,336			48,688,393			83.0	%		13.57				88.0	%		2,034			7,379,916			34.2	%		25.94				41.4	%
	LEASE RETENTION RATE
										By Count			By GLA
		Twelve Months Ended 9/30/15								78.1%			83.5%
(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, 2015 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 2013 Population				Properties			GLA			Leased			Billed			ABR				ABR / SF				Properties			of GLA			of ABR
	1		New York-Newark-Jersey City, NY-NJ-PA				30			3,631,566			94.7	%		92.6	%		$	63,206			$	19.28			5.8	%		4.2	%		6.7	%
	2		Los Angeles-Long Beach-Anaheim, CA				9			1,685,121			98.8	%		97.4	%		28,621				18.98				1.7	%		1.9	%		3.0	%
	3		Chicago-Naperville-Elgin, IL-IN-WI				16			4,026,608			91.3	%		90.1	%		45,030				13.49				3.1	%		4.6	%		4.8	%
	4		Dallas-Fort Worth-Arlington, TX				16			3,076,010			93.2	%		92.8	%		41,170				14.60				3.1	%		3.5	%		4.4	%
	5		Houston-The Woodlands-Sugar Land, TX				37			4,625,996			93.6	%		93.4	%		47,715				11.47				7.1	%		5.3	%		5.1	%
	6		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD				29			4,391,759			94.5	%		93.9	%		56,789				15.33				5.6	%		5.1	%		6.0	%
	7		Washington-Arlington-Alexandria, DC-VA-MD-WV				3			451,260			96.0	%		95.6	%		4,691				10.83				0.6	%		0.5	%		0.5	%
	8		Miami-Fort Lauderdale-West Palm Beach, FL				10			1,681,268			90.5	%		88.8	%		20,132				13.78				1.9	%		1.9	%		2.1	%
	9		Atlanta-Sandy Springs-Roswell, GA				25			3,663,047			91.2	%		90.7	%		34,656				10.68				4.8	%		4.2	%		3.7	%
	10		Boston-Cambridge-Newton, MA-NH				6			719,035			87.3	%		86.9	%		7,553				12.32				1.2	%		0.8	%		0.8	%
			Top 10 Largest US MSAs by Population				181			27,951,670			93.2	%		92.3	%		349,563				14.23				34.9	%		32.2	%		37.2	%
	11		San Francisco-Oakland-Hayward, CA				2			476,983			99.5	%		94.4	%		9,322				24.63				0.4	%		0.6	%		1.0	%
	12		Phoenix-Mesa-Scottsdale, AZ				1			119,525			70.1	%		33.7	%		1,011				12.07				0.2	%		0.1	%		0.1	%
	13		Riverside-San Bernardino-Ontario, CA				4			537,795			95.7	%		95.1	%		6,707				13.12				0.8	%		0.6	%		0.7	%
	14		Detroit-Warren-Dearborn, MI				9			1,599,938			93.3	%		91.3	%		16,657				12.02				1.7	%		1.8	%		1.8	%
	15		Seattle-Tacoma-Bellevue, WA				0			—			—			—			—				—				—			—			—
	16		Minneapolis-St. Paul-Bloomington, MN-WI				8			1,182,982			92.7	%		91.6	%		12,925				12.55				1.5	%		1.4	%		1.4	%
	17		San Diego-Carlsbad, CA				2			507,514			97.6	%		96.6	%		9,241				19.26				0.4	%		0.6	%		1.0	%
	18		Tampa-St. Petersburg-Clearwater, FL				15			2,386,787			94.6	%		92.9	%		27,272				13.09				2.9	%		2.8	%		2.9	%
	19		St. Louis, MO-IL				4			658,025			84.2	%		81.4	%		5,019				9.82				0.8	%		0.8	%		0.5	%
	20		Baltimore-Columbia-Towson, MD				1			218,862			100.0	%		100.0	%		2,654				12.13				0.2	%		0.3	%		0.3	%
			Top 20 Largest US MSAs by Population				227			35,640,081			93.3	%		92.1	%		440,370				14.09				43.7	%		41.1	%		46.9	%
	21		Denver-Aurora-Lakewood, CO				5			1,199,699			94.2	%		91.3	%		14,175				12.61				1.0	%		1.4	%		1.5	%
	22		Charlotte-Concord-Gastonia, NC-SC				6			1,707,550			89.6	%		87.2	%		13,933				9.99				1.2	%		2.0	%		1.5	%
	23		Pittsburgh, PA				1			199,079			100.0	%		100.0	%		1,475				8.21				0.2	%		0.2	%		0.2	%
	24		Portland-Vancouver-Hillsboro, OR-WA				0			—			—			—			—				—				—			—			—
	25		San Antonio-New Braunfels, TX				0			—			—			—			—				—				—			—			—
	26		Orlando-Kissimmee-Sanford, FL				7			1,016,285			93.9	%		89.0	%		15,854				16.97				1.3	%		1.2	%		1.7	%
	27		Sacramento--Roseville--Arden-Arcade, CA				1			103,695			95.6	%		95.6	%		1,957				19.75				0.2	%		0.1	%		0.2	%
	28		Cincinnati, OH-KY-IN				7			1,924,332			97.2	%		93.7	%		20,845				14.06				1.3	%		2.2	%		2.2	%
	29		Kansas City, MO-KS				4			602,466			91.5	%		91.2	%		4,254				7.85				0.8	%		0.7	%		0.5	%
	30		Las Vegas-Henderson-Paradise, NV				3			609,661			91.7	%		90.1	%		7,938				14.20				0.6	%		0.7	%		0.8	%
	31		Cleveland-Elyria, OH				7			1,446,201			93.6	%		92.8	%		14,757				11.68				1.3	%		1.7	%		1.6	%
	32		Columbus, OH				4			449,488			88.1	%		88.1	%		3,870				10.36				0.8	%		0.5	%		0.4	%
	33		Indianapolis-Carmel-Anderson, IN				4			881,418			82.6	%		78.1	%		6,302				8.69				0.8	%		1.0	%		0.7	%
	34		San Jose-Sunnyvale-Santa Clara, CA				0			—			—			—			—				—				—			—			—
	35		Austin-Round Rock, TX				1			168,112			83.7	%		62.9	%		1,553				11.04				0.2	%		0.2	%		0.2	%
	36		Nashville-Davidson--Murfreesboro--Franklin, TN				7			1,279,678			93.8	%		90.9	%		12,632				10.62				1.3	%		1.5	%		1.3	%
	37		Virginia Beach-Norfolk-Newport News, VA-NC				2			205,245			93.4	%		91.9	%		3,443				18.10				0.4	%		0.2	%		0.4	%
	38		Providence-Warwick, RI-MA				1			148,126			100.0	%		100.0	%		1,584				10.69				0.2	%		0.2	%		0.2	%
	39		Milwaukee-Waukesha-West Allis, WI				4			710,335			91.1	%		90.9	%		6,565				10.15				0.8	%		0.8	%		0.7	%
	40		Jacksonville, FL				5			827,528			82.0	%		78.3	%		8,264				12.27				1.0	%		1.0	%		0.9	%
	41		Memphis, TN-MS-AR				1			658,778			90.1	%		86.1	%		7,412				12.71				0.2	%		0.8	%		0.8	%
	42		Oklahoma City, OK				0			—			—			—			—				—				—			—			—

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 33

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 2013 Population				Properties			GLA			Leased			Billed			ABR				ABR / SF				Properties			of GLA			of ABR
	43		Louisville/Jefferson County, KY-IN				4			685,704			89.7	%		89.3	%		6,424				10.77				0.8	%		0.8	%		0.7	%
	44		Richmond, VA				2			215,897			77.0	%		77.0	%		2,460				14.80				0.4	%		0.2	%		0.3	%
	45		New Orleans-Metairie, LA				0			—			—			—			—				—				—			—			—
	46		Raleigh, NC				2			291,027			94.1	%		94.1	%		3,466				12.76				0.4	%		0.3	%		0.4	%
	47		Hartford-West Hartford-East Hartford, CT				4			890,443			95.1	%		89.5	%		11,775				16.58				0.8	%		1.0	%		1.3	%
	48		Salt Lake City, UT				0			—			—			—			—				—				—			—			—
	49		Birmingham-Hoover, AL				0			—			—			—			—				—				—			—			—
	50		Buffalo-Cheektowaga-Niagara Falls, NY				1			95,544			97.1	%		94.6	%		1,348				14.92				0.2	%		0.1	%		0.1	%
			Top 50 Largest US MSAs by Population				310			51,956,372			92.8	%		91.1	%		612,658				13.52				59.7	%		59.9	%		65.2	%
			MSAs Ranked 51 - 100 by Population				68			11,809,779			91.4	%		88.9	%		117,677				12.13				13.1	%		13.6	%		12.5	%
			Other MSAs				141			22,930,676			92.7	%		91.5	%		208,958				10.98				27.2	%		26.4	%		22.2	%
	TOTAL						519			86,696,827			92.6	%		90.9	%		$	939,293			$	12.68			100.0	%		100.0	%		100.0	%

Supplemental Disclosure - Three Months Ended September 30, 2015 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
	1		New York-Newark-Jersey City, NY-NJ-PA		1		30			3,631,566			94.7	%		92.6	%		$	63,206			$	19.28			5.8	%		4.2	%		6.7	%
	2		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		6		29			4,391,759			94.5	%		93.9	%		56,789				15.33				5.6	%		5.1	%		6.0	%
	3		Houston-The Woodlands-Sugar Land, TX		5		37			4,625,996			93.6	%		93.4	%		47,715				11.47				7.1	%		5.3	%		5.1	%
	4		Chicago-Naperville-Elgin, IL-IN-WI		3		16			4,026,608			91.3	%		90.1	%		45,030				13.49				3.1	%		4.6	%		4.8	%
	5		Dallas-Fort Worth-Arlington, TX		4		16			3,076,010			93.2	%		92.8	%		41,170				14.60				3.1	%		3.5	%		4.4	%
	6		Atlanta-Sandy Springs-Roswell, GA		9		25			3,663,047			91.2	%		90.7	%		34,656				10.68				4.8	%		4.2	%		3.7	%
	7		Los Angeles-Long Beach-Anaheim, CA		2		9			1,685,121			98.8	%		97.4	%		28,621				18.98				1.7	%		1.9	%		3.0	%
	8		Tampa-St. Petersburg-Clearwater, FL		18		15			2,386,787			94.6	%		92.9	%		27,272				13.09				2.9	%		2.8	%		2.9	%
	9		Cincinnati, OH-KY-IN		28		7			1,924,332			97.2	%		93.7	%		20,845				14.06				1.3	%		2.2	%		2.2	%
	10		Miami-Fort Lauderdale-West Palm Beach, FL		8		10			1,681,268			90.5	%		88.8	%		20,132				13.78				1.9	%		1.9	%		2.1	%
			10 Largest MSAs by ABR		—		194			31,092,494			93.6	%		92.5	%		385,436				14.23				37.4	%		35.9	%		41.0	%
	11		Detroit-Warren-Dearborn, MI		14		9			1,599,938			93.3	%		91.3	%		16,657				12.02				1.7	%		1.8	%		1.8	%
	12		Orlando-Kissimmee-Sanford, FL		26		7			1,016,285			93.9	%		89.0	%		15,854				16.97				1.3	%		1.2	%		1.7	%
	13		Cleveland-Elyria, OH		31		7			1,446,201			93.6	%		92.8	%		14,757				11.68				1.3	%		1.7	%		1.6	%
	14		Denver-Aurora-Lakewood, CO		21		5			1,199,699			94.2	%		91.3	%		14,175				12.61				1.0	%		1.4	%		1.5	%
	15		Charlotte-Concord-Gastonia, NC-SC		22		6			1,707,550			89.6	%		87.2	%		13,933				9.99				1.2	%		2.0	%		1.5	%
	16		Allentown-Bethlehem-Easton, PA-NJ		69		5			1,298,479			98.4	%		98.1	%		13,828				13.74				1.0	%		1.5	%		1.5	%
	17		Minneapolis-St. Paul-Bloomington, MN-WI		16		8			1,182,982			92.7	%		91.6	%		12,925				12.55				1.5	%		1.4	%		1.4	%
	18		Nashville-Davidson--Murfreesboro--Franklin, TN		36		7			1,279,678			93.8	%		90.9	%		12,632				10.62				1.3	%		1.5	%		1.3	%
	19		Hartford-West Hartford-East Hartford, CT		47		4			890,443			95.1	%		89.5	%		11,775				16.58				0.8	%		1.0	%		1.3	%
	20		Oxnard-Thousand Oaks-Ventura, CA		66		3			677,512			97.9	%		97.9	%		10,631				16.26				0.6	%		0.8	%		1.1	%
			20 Largest MSAs by ABR		—		255			43,391,261			93.7	%		92.3	%		522,603				13.84				49.1	%		50.0	%		55.6	%
	21		Naples-Immokalee-Marco Island, FL		148		4			761,709			95.8	%		87.4	%		10,441				14.51				0.8	%		0.9	%		1.1	%
	22		Binghamton, NY		188		4			751,207			99.1	%		99.1	%		9,852				13.24				0.8	%		0.9	%		1.0	%
	23		San Francisco-Oakland-Hayward, CA		11		2			476,983			99.5	%		94.4	%		9,322				24.63				0.4	%		0.6	%		1.0	%
	24		San Diego-Carlsbad, CA		17		2			507,514			97.6	%		96.6	%		9,241				19.26				0.4	%		0.6	%		1.0	%
	25		Jacksonville, FL		40		5			827,528			82.0	%		78.3	%		8,264				12.27				1.0	%		1.0	%		0.9	%
	26		Las Vegas-Henderson-Paradise, NV		30		3			609,661			91.7	%		90.1	%		7,938				14.20				0.6	%		0.7	%		0.8	%
	27		Vallejo-Fairfield, CA		122		1			495,239			96.7	%		95.2	%		7,812				16.38				0.2	%		0.6	%		0.8	%
	28		Boston-Cambridge-Newton, MA-NH		10		6			719,035			87.3	%		86.9	%		7,553				12.32				1.2	%		0.8	%		0.8	%
	29		New Haven-Milford, CT		64		6			572,225			92.1	%		91.4	%		7,546				14.34				1.2	%		0.7	%		0.8	%
	30		Fresno, CA		56		2			436,334			98.4	%		96.5	%		7,419				17.29				0.4	%		0.5	%		0.8	%
	31		Memphis, TN-MS-AR		41		1			658,778			90.1	%		86.1	%		7,412				12.71				0.2	%		0.8	%		0.8	%
	32		Norwich-New London, CT		172		2			433,532			98.9	%		98.6	%		7,173				16.73				0.4	%		0.5	%		0.8	%
	33		Port St. Lucie, FL		115		5			628,830			78.8	%		78.0	%		6,935				13.99				1.0	%		0.7	%		0.7	%
	34		Riverside-San Bernardino-Ontario, CA		13		4			537,795			95.7	%		95.1	%		6,707				13.12				0.8	%		0.6	%		0.7	%
	35		Milwaukee-Waukesha-West Allis, WI		39		4			710,335			91.1	%		90.9	%		6,565				10.15				0.8	%		0.8	%		0.7	%
	36		Louisville/Jefferson County, KY-IN		43		4			685,704			89.7	%		89.3	%		6,424				10.77				0.8	%		0.8	%		0.7	%
	37		Indianapolis-Carmel-Anderson, IN		33		4			881,418			82.6	%		78.1	%		6,302				8.69				0.8	%		1.0	%		0.7	%
	38		Worcester, MA-CT		58		4			589,104			82.5	%		79.8	%		6,258				14.94				0.8	%		0.7	%		0.7	%
	39		Scranton--Wilkes-Barre--Hazleton, PA		96		2			610,539			98.9	%		98.9	%		5,352				19.85				0.4	%		0.7	%		0.6	%
	40		Springfield, MA		88		3			450,657			96.9	%		96.9	%		5,166				13.96				0.6	%		0.5	%		0.5	%

Supplemental Disclosure - Three Months Ended September 30, 2015 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
	41		Dayton, OH		71		3			532,562			96.7	%		96.2	%		5,026				12.00				0.6	%		0.6	%		0.5	%
	42		St. Louis, MO-IL		19		4			658,025			84.2	%		81.4	%		5,019				9.82				0.8	%		0.8	%		0.5	%
	43		Winston-Salem, NC		83		3			438,898			92.1	%		91.9	%		4,923				12.58				0.6	%		0.5	%		0.5	%
	44		Wilmington, NC		174		2			379,107			89.8	%		89.8	%		4,917				14.60				0.4	%		0.4	%		0.5	%
	45		Greensboro-High Point, NC		74		1			406,768			100.0	%		98.1	%		4,900				14.08				0.2	%		0.5	%		0.5	%
	46		College Station-Bryan, TX		189		4			491,763			91.8	%		90.2	%		4,850				15.67				0.8	%		0.6	%		0.5	%
	47		Corpus Christi, TX		113		4			565,070			86.7	%		84.3	%		4,785				11.87				0.8	%		0.7	%		0.5	%
	48		Washington-Arlington-Alexandria, DC-VA-MD-WV		7		3			451,260			96.0	%		95.6	%		4,691				10.83				0.6	%		0.5	%		0.5	%
	49		North Port-Sarasota-Bradenton, FL		73		4			556,862			91.3	%		91.3	%		4,678				9.28				0.8	%		0.6	%		0.5	%
	50		Ann Arbor, MI		147		3			663,535			97.3	%		97.3	%		4,580				9.29				0.6	%		0.8	%		0.5	%
			50 Largest MSAs by ABR		—		354			60,879,238			93.1	%		91.6	%		720,653				13.71				68.2	%		70.2	%		76.7	%
	51		Manchester-Nashua, NH		131		2			348,189			98.0	%		88.5	%		4,268				20.20				0.4	%		0.4	%		0.5	%
	52		Kansas City, MO-KS		29		4			602,466			91.5	%		91.2	%		4,254				7.85				0.8	%		0.7	%		0.5	%
	53		Pittsfield, MA		315		1			442,354			100.0	%		100.0	%		3,907				20.08				0.2	%		0.5	%		0.4	%
	54		Jackson, MS		93		3			406,316			95.0	%		73.7	%		3,872				10.43				0.6	%		0.5	%		0.4	%
	55		Columbus, OH		32		4			449,488			88.1	%		88.1	%		3,870				10.36				0.8	%		0.5	%		0.4	%
	56		Mobile, AL		127		1			606,731			90.2	%		90.2	%		3,654				9.85				0.2	%		0.7	%		0.4	%
	57		Roanoke, VA		159		4			522,010			88.5	%		88.5	%		3,572				8.86				0.8	%		0.6	%		0.4	%
	58		Boulder, CO		160		1			278,730			74.7	%		74.7	%		3,523				16.92				0.2	%		0.3	%		0.4	%
	59		Charleston-North Charleston, SC		76		3			556,809			78.7	%		78.3	%		3,521				8.22				0.6	%		0.6	%		0.4	%
	60		Panama City, FL		223		2			397,512			97.8	%		97.8	%		3,485				8.96				0.4	%		0.5	%		0.4	%
	61		Raleigh, NC		46		2			291,027			94.1	%		94.1	%		3,466				12.76				0.4	%		0.3	%		0.4	%
	62		Virginia Beach-Norfolk-Newport News, VA-NC		37		2			205,245			93.4	%		91.9	%		3,443				18.10				0.4	%		0.2	%		0.4	%
	63		Greenville-Anderson-Mauldin, SC		63		2			220,723			98.9	%		96.9	%		3,338				15.29				0.4	%		0.3	%		0.4	%
	64		Bakersfield, CA		62		1			240,328			99.9	%		97.4	%		3,279				13.90				0.2	%		0.3	%		0.3	%
	65		Spartanburg, SC		152		1			357,051			85.1	%		85.1	%		3,258				11.31				0.2	%		0.4	%		0.3	%
	66		Atlantic City-Hammonton, NJ		170		1			179,199			97.9	%		94.7	%		3,219				18.36				0.2	%		0.2	%		0.3	%
	67		Saginaw, MI		222		2			466,381			79.9	%		79.1	%		3,109				10.87				0.4	%		0.5	%		0.3	%
	68		Lexington-Fayette, KY		107		2			414,960			97.5	%		97.5	%		2,939				7.27				0.4	%		0.5	%		0.3	%
	69		Greenville, NC		237		1			233,153			96.8	%		96.8	%		2,938				13.02				0.2	%		0.3	%		0.3	%
	70		Elkhart-Goshen, IN		217		2			445,534			97.1	%		97.1	%		2,887				8.93				0.4	%		0.5	%		0.3	%
	71		Hilton Head Island-Bluffton-Beaufort, SC		216		2			227,761			93.3	%		92.6	%		2,857				13.44				0.4	%		0.3	%		0.3	%
	72		Toledo, OH		91		2			609,066			74.8	%		74.5	%		2,835				8.11				0.4	%		0.7	%		0.3	%
	73		Odessa, TX		268		1			365,559			100.0	%		100.0	%		2,765				12.10				0.2	%		0.4	%		0.3	%
	74		Savannah, GA		142		2			224,201			94.2	%		78.9	%		2,763				13.26				0.4	%		0.3	%		0.3	%
	75		Traverse City, MI		286		1			412,755			97.6	%		96.9	%		2,706				27.35				0.2	%		0.5	%		0.3	%
	76		Tullahoma-Manchester, TN		378		3			433,744			94.2	%		94.2	%		2,706				6.62				0.6	%		0.5	%		0.3	%
	77		Des Moines-West Des Moines, IA		89		2			507,008			89.5	%		82.1	%		2,657				5.86				0.4	%		0.6	%		0.3	%
	78		Baltimore-Columbia-Towson, MD		20		1			218,862			100.0	%		100.0	%		2,654				12.13				0.2	%		0.3	%		0.3	%
	79		Lafayette, LA		108		3			433,329			94.5	%		93.9	%		2,569				6.27				0.6	%		0.5	%		0.3	%
	80		Blacksburg-Christiansburg-Radford, VA		231		1			180,220			99.4	%		99.4	%		2,561				14.54				0.2	%		0.2	%		0.3	%
	81		Lancaster, PA		102		3			236,006			98.3	%		98.3	%		2,539				10.94				0.6	%		0.3	%		0.3	%

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 36

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
	82		Fort Wayne, IN		123		2			254,102			81.9	%		79.9	%		2,461				13.80				0.4	%		0.3	%		0.3	%
	83		Richmond, VA		44		2			215,897			77.0	%		77.0	%		2,460				14.80				0.4	%		0.2	%		0.3	%
	84		Bridgeport-Stamford-Norwalk, CT		57		1			160,536			87.9	%		57.9	%		2,449				17.35				0.2	%		0.2	%		0.3	%
	85		Chattanooga, TN-GA		99		2			339,426			95.4	%		94.4	%		2,408				8.07				0.4	%		0.4	%		0.3	%
	86		Dover, DE		240		1			191,974			100.0	%		100.0	%		2,320				12.08				0.2	%		0.2	%		0.2	%
	87		Altoona, PA		326		1			278,586			96.4	%		94.9	%		2,276				8.47				0.2	%		0.3	%		0.2	%
	88		Merced, CA		177		1			146,364			96.7	%		90.1	%		2,238				15.81				0.2	%		0.2	%		0.2	%
	89		Corning, NY		386		1			253,335			100.0	%		99.0	%		2,085				8.23				0.2	%		0.3	%		0.2	%
	90		Duluth, MN-WI		164		1			182,969			99.3	%		99.3	%		2,028				11.15				0.2	%		0.2	%		0.2	%
	91		Concord, NH		288		1			182,887			100.0	%		100.0	%		2,023				11.32				0.2	%		0.2	%		0.2	%
	92		York-Hanover, PA		119		1			153,088			100.0	%		100.0	%		1,977				13.15				0.2	%		0.2	%		0.2	%
	93		Sacramento--Roseville--Arden-Arcade, CA		27		1			103,695			95.6	%		95.6	%		1,957				19.75				0.2	%		0.1	%		0.2	%
	94		Portland-South Portland, ME		104		1			287,513			91.8	%		89.4	%		1,913				20.04				0.2	%		0.3	%		0.2	%
	95		Rutland, VT		529		1			224,514			98.2	%		98.2	%		1,912				8.67				0.2	%		0.3	%		0.2	%
	96		Santa Maria-Santa Barbara, CA		120		1			179,495			96.4	%		96.4	%		1,906				11.91				0.2	%		0.2	%		0.2	%
	97		Springfield, IL		208		2			178,644			93.0	%		93.0	%		1,872				11.28				0.4	%		0.2	%		0.2	%
	98		Trenton, NJ		143		2			205,670			94.4	%		87.2	%		1,828				9.42				0.4	%		0.2	%		0.2	%
	99		Cape Coral-Fort Myers, FL		80		2			130,312			98.9	%		97.4	%		1,793				13.92				0.4	%		0.2	%		0.2	%
	100		Harrisburg-Carlisle, PA		95		1			214,628			89.0	%		89.0	%		1,774				9.29				0.2	%		0.2	%		0.2	%
			100 Largest MSAs by ABR		—		441			76,275,590			93.0	%		91.3	%		859,750				13.21				85.0	%		88.0	%		91.5	%
			Other MSAs		—		78			10,421,237			89.6	%		87.8	%		79,543				8.86				15.0	%		12.0	%		8.5	%
	TOTAL				—		519			86,696,827			92.6	%		90.9	%		$	939,293			$	12.68			100.0	%		100.0	%		100.0	%

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 37

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			984,573			93.0	%		92.8	%		$	6,986			$	9.45			0.8	%		1.1	%		0.7	%
	2		Arizona		2			288,110			77.3	%		60.1	%		2,623				11.78				0.4	%		0.3	%		0.3	%
	3		California		29			5,784,018			97.9	%		96.2	%		91,159				17.13				5.6	%		6.7	%		9.7	%
	4		Colorado		6			1,478,429			90.5	%		88.2	%		17,698				13.28				1.2	%		1.7	%		1.9	%
	5		Connecticut		15			2,259,192			94.4	%		89.9	%		30,719				15.46				2.9	%		2.6	%		3.3	%
	6		Delaware		1			191,974			100.0	%		100.0	%		2,320				12.08				0.2	%		0.2	%		0.2	%
	7		Florida		58			9,005,219			91.2	%		88.8	%		104,063				13.12				11.2	%		10.4	%		11.1	%
	8		Georgia		37			5,264,565			89.3	%		88.3	%		45,168				9.82				7.1	%		6.1	%		4.8	%
	9		Illinois		24			4,862,471			91.6	%		90.6	%		51,664				12.58				4.6	%		5.6	%		5.5	%
	10		Indiana		12			1,963,426			87.9	%		85.6	%		15,315				9.67				2.3	%		2.3	%		1.6	%
	11		Iowa		4			717,060			89.7	%		84.5	%		3,990				6.21				0.8	%		0.8	%		0.4	%
	12		Kansas		2			367,779			91.4	%		90.3	%		2,865				11.07				0.4	%		0.4	%		0.3	%
	13		Kentucky		12			2,583,516			96.1	%		93.9	%		21,592				9.27				2.3	%		3.0	%		2.3	%
	14		Louisiana		4			612,368			95.5	%		95.1	%		3,652				6.25				0.8	%		0.7	%		0.4	%
	15		Maine		1			287,513			91.8	%		89.4	%		1,913				20.04				0.2	%		0.3	%		0.2	%
	16		Maryland		5			776,424			98.2	%		97.9	%		9,720				12.81				1.0	%		0.9	%		1.0	%
	17		Massachusetts		11			1,885,703			93.5	%		92.5	%		21,023				15.22				2.1	%		2.2	%		2.2	%
	18		Michigan		19			3,700,324			92.2	%		90.7	%		32,240				11.72				3.7	%		4.3	%		3.4	%
	19		Minnesota		10			1,474,437			92.1	%		91.3	%		15,412				12.07				1.9	%		1.7	%		1.6	%
	20		Mississippi		3			406,316			95.0	%		73.7	%		3,872				10.43				0.6	%		0.5	%		0.4	%
	21		Missouri		6			862,775			87.1	%		84.9	%		6,103				8.73				1.2	%		1.0	%		0.6	%
	22		Nevada		3			609,661			91.7	%		90.1	%		7,938				14.20				0.6	%		0.7	%		0.8	%
	23		New Hampshire		5			769,563			88.6	%		84.1	%		7,605				14.28				1.0	%		0.9	%		0.8	%
	24		New Jersey		18			3,083,621			94.5	%		92.0	%		42,200				15.39				3.5	%		3.6	%		4.5	%
	25		New Mexico		2			83,800			100.0	%		100.0	%		919				10.97				0.4	%		0.1	%		0.1	%
	26		New York		33			4,340,537			93.8	%		91.7	%		64,026				16.37				6.4	%		5.0	%		6.8	%
	27		North Carolina		21			4,325,419			90.2	%		89.0	%		40,032				10.85				4.0	%		5.0	%		4.3	%
	28		Ohio		24			4,521,652			91.7	%		91.1	%		42,675				11.92				4.6	%		5.2	%		4.5	%
	29		Oklahoma		1			186,851			100.0	%		100.0	%		1,765				9.44				0.2	%		0.2	%		0.2	%
	30		Pennsylvania		37			6,035,617			95.9	%		95.5	%		68,333				14.19				7.1	%		7.0	%		7.3	%
	31		Rhode Island		1			148,126			100.0	%		100.0	%		1,584				10.69				0.2	%		0.2	%		0.2	%
	32		South Carolina		8			1,362,344			86.1	%		85.5	%		12,975				11.31				1.5	%		1.6	%		1.4	%
	33		Tennessee		16			3,243,085			93.9	%		91.8	%		29,374				10.11				3.1	%		3.7	%		3.1	%
	34		Texas		66			9,546,959			92.8	%		92.0	%		104,914				12.68				12.7	%		11.0	%		11.2	%
	35		Vermont		1			224,514			98.2	%		98.2	%		1,912				8.67				0.2	%		0.3	%		0.2	%
	36		Virginia		11			1,446,496			85.1	%		84.9	%		13,918				11.92				2.1	%		1.7	%		1.5	%
	37		West Virginia		2			251,500			96.9	%		96.9	%		2,003				8.22				0.4	%		0.3	%		0.2	%
	38		Wisconsin		5			760,890			90.2	%		90.0	%		7,024				10.24				1.0	%		0.9	%		0.7	%
	TOTAL				519			86,696,827			92.6	%		90.9	%		$	939,293			$	12.68			100.0	%		100.0	%		100.0	%

Supplemental Disclosure - Three Months Ended September 30, 2015 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
1			Winchester Plaza		Huntsville		AL		Huntsville, AL		2006		75,780			96.5	%		$	911			$	12.46			Publix		—
2			Springdale		Mobile		AL		Mobile, AL		2004		606,731			90.2	%		3,654				9.85				Sam's Club*		Belk, Best Buy, Big Lots, Burlington Stores, Marshalls, Michaels, Staples
3			Payton Park		Sylacauga		AL		Talladega-Sylacauga, AL		1995		231,820			100.0	%		1,598				6.89				Walmart Supercenter		Burke's Outlet
4			Shops of Tuscaloosa		Tuscaloosa		AL		Tuscaloosa, AL		2005		70,242			90.7	%		824				12.93				Publix		—
5			Glendale Galleria		Glendale		AZ		Phoenix-Mesa-Scottsdale, AZ		2015		119,525			70.1	%		1,011				12.07				—		LA Fitness, Sears Outlet
6			Northmall Centre		Tucson		AZ		Tucson, AZ		1996		168,585			82.4	%		1,612				11.61				Sam's Club*		CareMore, JC Penney Home Store, Stein Mart
7			Applegate Ranch Shopping Center		Atwater		CA		Merced, CA		2006		146,364			96.7	%		2,238				15.81				SuperTarget*, Walmart Supercenter*		Marshalls, Petco
8			Bakersfield Plaza		Bakersfield		CA		Bakersfield, CA		2014		240,328			99.9	%		3,279				13.90				Lassens Natural Foods & Vitamins		Burlington Stores, Ross Dress for Less
9			Carmen Plaza		Camarillo		CA		Oxnard-Thousand Oaks-Ventura, CA		2000		129,173			94.4	%		1,972				17.09				Trader Joe's*		24 Hour Fitness, CVS, Michaels
10			Plaza Rio Vista		Cathedral		CA		Riverside-San Bernardino-Ontario, CA		2005		67,622			87.1	%		1,054				17.90				Stater Bros.		—
11			Clovis Commons		Clovis		CA		Fresno, CA		2004		174,990			98.5	%		3,727				21.63				—		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	%		1,369				9.26				—		Big Lots, Kmart
13			University Mall		Davis		CA		Sacramento--Roseville--Arden-Arcade, CA		2011		103,695			95.6	%		1,957				19.75				Trader Joe's		Forever 21, World Market
14			Felicita Plaza		Escondido		CA		San Diego-Carlsbad, CA		2001		98,714			100.0	%		1,439				14.58				Vons (Safeway)		Chuze Fitness
15			Arbor - Broadway Faire		Fresno		CA		Fresno, CA		1995		261,344			98.3	%		3,692				14.37				Smart & Final Extra!		PetSmart, The Home Depot, United Artists Theatres
16			Lompoc Center		Lompoc		CA		Santa Maria-Santa Barbara, CA		2012		179,495			96.4	%		1,906				11.91				Vons (Safeway)		Marshalls, Michaels, Staples
17			Briggsmore Plaza		Modesto		CA		Modesto, CA		1998		99,315			100.0	%		1,140				12.10				Grocery Outlet		Fallas Paredes, Sears Outlet
18			Montebello Plaza		Montebello		CA		Los Angeles-Long Beach-Anaheim, CA		2012		283,631			96.0	%		4,467				16.73				Albertsons		99¢ Only, Best Buy, CVS, Ross Dress for Less
19			California Oaks Center		Murrieta		CA		Riverside-San Bernardino-Ontario, CA		2015		125,187			95.7	%		1,734				14.95				Baron's Market		—
20			Esplanade Shopping Center		Oxnard		CA		Oxnard-Thousand Oaks-Ventura, CA		2012		356,864			98.3	%		6,707				19.29				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	%		2,107				10.39				Food 4 Less (Kroger)		Ross Dress for Less, Target
22			Paradise Plaza		Paradise		CA		Chico, CA		1997		198,323			95.5	%		887				5.81				Save Mart		Kmart
23			Metro 580		Pleasanton		CA		San Francisco-Oakland-Hayward, CA		2015		176,510			100.0	%		2,637				32.56				—		Kohl's, Party City, Sport Chalet		Walmart
24			Rose Pavilion		Pleasanton		CA		San Francisco-Oakland-Hayward, CA		2014		300,473			99.2	%		6,685				22.47				99 Ranch Market		Golfsmith, Macy's Home Store
25			Puente Hills Town Center		Rowland Heights		CA		Los Angeles-Long Beach-Anaheim, CA		1984		258,772			97.6	%		5,261				20.83				—		Marshalls, Michaels
26			San Bernardino Center		San Bernardino		CA		Riverside-San Bernardino-Ontario, CA		2003		143,082			100.0	%		1,044				7.30				—		Big Lots, Target
27			Ocean View Plaza		San Clemente		CA		Los Angeles-Long Beach-Anaheim, CA		1997		169,963			100.0	%		4,585				26.98				Ralphs (Kroger), Trader Joe's		CVS, Fitness Elite for Women
28			Mira Mesa Mall		San Diego		CA		San Diego-Carlsbad, CA		2003		408,800			97.0	%		7,802				20.47				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			98.5	%		3,487				21.49				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	%		2,771				26.67				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	%		3,555				23.90				El Super, Walmart Supercenter		LA Fitness, Marshalls		Target
32			Santa Paula Center		Santa Paula		CA		Oxnard-Thousand Oaks-Ventura, CA		1995		191,475			99.5	%		1,952				10.24				Vons (Safeway)		Big Lots, Heritage Hardware
33			Vail Ranch Center		Temecula		CA		Riverside-San Bernardino-Ontario, CA		2003		201,904			95.7	%		2,874				14.88				Stater Bros.		Rite Aid, Stein Mart
34			Country Hills Shopping Center		Torrance		CA		Los Angeles-Long Beach-Anaheim, CA		1977		56,750			100.0	%		1,020				19.17				Ralphs (Kroger)		—
35			Gateway Plaza - Vallejo		Vallejo		CA		Vallejo-Fairfield, CA		1991		495,239			96.7	%		7,812				16.38				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	%		710				7.46				King Soopers (Kroger)		Arc
37			Arapahoe Crossings		Aurora		CO		Denver-Aurora-Lakewood, CO		2015		466,363			94.4	%		6,053				13.76				King Soopers (Kroger)		2nd & Charles, AMC Theatres, Big Lots, buybuy BABY, Gordmans, Kohl's, Stein Mart
38			Aurora Plaza		Aurora		CO		Denver-Aurora-Lakewood, CO		1996		178,491			97.2	%		1,318				7.87				King Soopers (Kroger)		Cinema Latino, Gen-X
39			Villa Monaco		Denver		CO		Denver-Aurora-Lakewood, CO		2013		122,139			85.7	%		1,410				13.47				Walmart Neighborhood Market		—
40			Superior Marketplace		Superior		CO		Boulder, CO		2004		278,730			74.7	%		3,523				16.92				Whole Foods Market, Costco*, SuperTarget*		T.J.Maxx
41			Westminster City Center		Westminster		CO		Denver-Aurora-Lakewood, CO		2014		337,470			93.9	%		4,684				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			95.9	%		2,445				16.66				Costco		Dick's Sporting Goods, Jo-Ann Fabric & Craft Stores, P.C. Richard & Son		The Home Depot
43			The Shoppes at Fox Run		Glastonbury		CT		Hartford-West Hartford-East Hartford, CT		2012		105,127			98.4	%		2,472				23.89				Whole Foods Market		Petco
44			Groton Square		Groton		CT		Norwich-New London, CT		1987		196,802			100.0	%		2,735				13.90				Super Stop & Shop (Ahold)		Kohl's		Walmart
45			Parkway Plaza		Hamden		CT		New Haven-Milford, CT		2006		72,353			89.8	%		932				14.35				PriceRite (ShopRite)		—
46			Killingly Plaza		Killingly		CT		Worcester, MA-CT		1990		76,960			94.5	%		547				7.51				—		Kohl's
47			The Manchester Collection		Manchester		CT		Hartford-West Hartford-East Hartford, CT		2015		339,775			91.2	%		4,324				13.95				Sam's Club*, Walmart Supercenter*		A.C. Moore, Ashley Furniture, Babies"R"Us, Bed Bath & Beyond, DSW, Hobby Lobby, The Edge Fitness Clubs		Walmart
48			Chamberlain Plaza		Meriden		CT		New Haven-Milford, CT		2004		54,302			100.0	%		623				11.47				—		Dollar Tree, Savers

Supplemental Disclosure - Three Months Ended September 30, 2015 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
49			Milford Center		Milford		CT		New Haven-Milford, CT		1966		25,056			100.0	%		341				13.61				Xpect Discounts		—
50			Turnpike Plaza		Newington		CT		Hartford-West Hartford-East Hartford, CT		2004		149,894			100.0	%		2,534				16.90				Price Chopper		Dick's Sporting Goods
51			North Haven Crossing		North Haven		CT		New Haven-Milford, CT		2015		104,017			88.4	%		1,660				18.05				—		Barnes & Noble, Dollar Tree, DSW, PetSmart
52			Christmas Tree Plaza		Orange		CT		New Haven-Milford, CT		1996		132,791			98.6	%		1,904				14.55				—		A.C. Moore, Christmas Tree Shops
53			Stratford Square		Stratford		CT		Bridgeport-Stamford-Norwalk, CT		2015		160,536			87.9	%		2,449				17.35				—		LA Fitness, Marshalls
54			Torrington Plaza		Torrington		CT		Torrington, CT		1994		125,496			93.5	%		1,229				11.46				—		Jo-Ann Fabric & Craft Stores, Staples, T.J.Maxx
55			Waterbury Plaza		Waterbury		CT		New Haven-Milford, CT		2000		183,706			87.0	%		2,087				13.11				Super Stop & Shop (Ahold)		Dollar Tree, Pretty Woman		Target
56			Waterford Commons		Waterford		CT		Norwich-New London, CT		2004		236,730			98.0	%		4,437				19.13				—		Babies"R"Us, Dick’s Sporting Goods, DSW, Michaels, Party City, Ulta		Best Buy
57			North Dover Center		Dover		DE		Dover, DE		2013		191,974			100.0	%		2,320				12.09				Acme (Albertsons)		Party City, Staples, T.J.Maxx, Toys"R"Us
58			Apopka Commons		Apopka		FL		Orlando-Kissimmee-Sanford, FL		2010		42,507			81.3	%		459				13.29				—		Dollar Tree, Staples		The Home Depot
59			Brooksville Square		Brooksville		FL		Tampa-St. Petersburg-Clearwater, FL		2013		156,361			96.0	%		1,613				10.75				Publix		Sears Outlet
60			Coastal Way - Coastal Landing		Brooksville		FL		Tampa-St. Petersburg-Clearwater, FL		2008		370,898			97.4	%		3,364				15.86				—		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	%		1,003				13.31				Publix		—		Target
62			Clearwater Mall		Clearwater		FL		Tampa-St. Petersburg-Clearwater, FL		2012		300,929			98.7	%		6,315				22.39				Costco*, SuperTarget*		hhgregg, Michaels, PetSmart, Ross Dress for Less		Lowe's
63			Coconut Creek Plaza		Coconut Creek		FL		Miami-Fort Lauderdale-West Palm Beach, FL		2005		265,671			80.7	%		2,754				12.85				Publix		Bealls Outlet, Big Lots, Off the Wall Trampoline, Planet Fitness, Rainbow
64			Century Plaza Shopping Center		Deerfield Beach		FL		Miami-Fort Lauderdale-West Palm Beach, FL		2006		71,869			100.0	%		1,615				22.47				—		Broward County Library
65			Northgate Shopping Center		DeLand		FL		Deltona-Daytona Beach-Ormond Beach, FL		1993		186,396			97.2	%		1,268				7.00				Publix		—
66			Eustis Village		Eustis		FL		Orlando-Kissimmee-Sanford, FL		2002		156,927			96.1	%		1,707				11.33				Publix		Bealls Outlet
67			First Street Village		Fort Meyers		FL		Cape Coral-Fort Myers, FL		2006		54,926			97.3	%		789				14.77				Publix		—
68			Sun Plaza		Ft. Walton Beach		FL		Crestview-Fort Walton Beach-Destin, FL		2004		158,118			99.1	%		1,616				10.31				Publix		Bealls Outlet, Books-A-Million, Office Depot, T.J.Maxx
69			Normandy Square		Jacksonville		FL		Jacksonville, FL		1996		87,240			100.0	%		754				8.64				Winn-Dixie (Southeastern Grocers)		CVS, Family Dollar
70			Regency Park Shopping Center		Jacksonville		FL		Jacksonville, FL		2006		334,065			78.6	%		2,242				8.54				—		American Signature Furniture, Bealls Outlet, Books-A-Million, Hard Knocks
71			The Shoppes at Southside		Jacksonville		FL		Jacksonville, FL		2004		109,113			63.3	%		1,765				25.54				—		Best Buy, David's Bridal
72			Ventura Downs		Kissimmee		FL		Orlando-Kissimmee-Sanford, FL		2005		98,191			98.6	%		1,256				12.97				Publix Sabor		—
73			Marketplace at Wycliffe		Lake Worth		FL		Miami-Fort Lauderdale-West Palm Beach, FL		2015		133,520			95.0	%		2,079				16.40				Walmart Neighborhood Market		Walgreens
74			Venetian Isle Shopping Ctr		Lighthouse Point		FL		Miami-Fort Lauderdale-West Palm Beach, FL		1992		181,401			94.8	%		1,760				10.54				Publix		Dollar Tree, Petco, Staples, Tuesday Morning, T.J.Maxx
75			Marco Town Center		Marco Island		FL		Naples-Immokalee-Marco Island, FL		2001		109,830			94.5	%		2,107				20.30				Publix		—
76			Mall at 163rd Street		Miami		FL		Miami-Fort Lauderdale-West Palm Beach, FL		2007		339,478			85.8	%		4,285				17.75				Walmart Supercenter*		Citi Trends, Marshalls, Ross Dress for Less
77			Miami Gardens		Miami		FL		Miami-Fort Lauderdale-West Palm Beach, FL		1996		244,719			96.3	%		2,419				10.26				Winn-Dixie (Southeastern Grocers)		Ross Dress for Less
78			Freedom Square		Naples		FL		Naples-Immokalee-Marco Island, FL		1995		211,839			100.0	%		1,923				9.08				Publix		—
79			Naples Plaza		Naples		FL		Naples-Immokalee-Marco Island, FL		2013		200,820			100.0	%		3,388				17.16				Publix		Marshalls, Office Depot, PGA TOUR Superstore
80			Park Shore Plaza		Naples		FL		Naples-Immokalee-Marco Island, FL		2015		239,220			89.0	%		3,024				14.64				The Fresh Market		Big Lots, Burlington Stores, HomeGoods, Party City
81			Chelsea Place		New Port Richey		FL		Tampa-St. Petersburg-Clearwater, FL		1992		81,144			95.1	%		889				11.52				Publix		Zone Fitness Club
82			Southgate Center		New Port Richey		FL		Tampa-St. Petersburg-Clearwater, FL		2012		238,838			97.9	%		2,316				10.35				Publix		Bealls Outlet, Big Lots, Lumber Liquidators, Old Time Pottery, YouFit Health Club
83			Presidential Plaza West		North Lauderdale		FL		Miami-Fort Lauderdale-West Palm Beach, FL		2006		88,306			79.7	%		684				9.72				Sedano's		Family Dollar
84			Fashion Square		Orange Park		FL		Jacksonville, FL		1996		36,029			50.4	%		393				30.45				—		Miller's Orange Park Ale House, Ruby Tuesday, Samurai Japanese Steakhouse
85			Colonial Marketplace		Orlando		FL		Orlando-Kissimmee-Sanford, FL		2014		141,069			99.1	%		2,296				16.42				—		Burlington Stores, LA Fitness		Target
86			Conway Crossing		Orlando		FL		Orlando-Kissimmee-Sanford, FL		2002		76,321			98.7	%		958				12.71				Publix		—
87			Hunter's Creek Plaza		Orlando		FL		Orlando-Kissimmee-Sanford, FL		1998		73,204			98.2	%		1,123				15.61				—		Office Depot
88			Pointe Orlando		Orlando		FL		Orlando-Kissimmee-Sanford, FL		2015		428,066			90.0	%		8,056				22.05				—		Main Event, Regal Cinemas
89			Martin Downs Town Center		Palm City		FL		Port St. Lucie, FL		1996		64,546			95.7	%		722				11.70				Publix		—
90			Martin Downs Village Center		Palm City		FL		Port St. Lucie, FL		1987		154,964			85.7	%		2,394				18.02				—		Goodwill, Martin Memorial, Walgreens
91			23rd Street Station		Panama City		FL		Panama City, FL		1995		98,827			91.2	%		1,087				12.06				Publix		—
92			Panama City Square		Panama City		FL		Panama City, FL		2015		298,685			100.0	%		2,398				8.03				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	%		1,091				9.82				—		Bealls Outlet, Big Lots, Petland, 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			97.5	%		2,655				13.58				Winn-Dixie (Southeastern Grocers)		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			82.7	%		1,802				13.37				Publix		Fortis Institute, Walgreens
96			Shoppes of Victoria Square		Port St. Lucie		FL		Port St. Lucie, FL		1990		95,243			81.4	%		925				11.92				Winn-Dixie (Southeastern Grocers)		Dollar Tree

Supplemental Disclosure - Three Months Ended September 30, 2015 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
97			Lake St. Charles		Riverview		FL		Tampa-St. Petersburg-Clearwater, FL		1999		57,015			95.4	%		554				10.19				Winn-Dixie (Southeastern Grocers)		—
98			Cobblestone Village		Royal Palm Beach		FL		Miami-Fort Lauderdale-West Palm Beach, FL		2005		39,404			87.4	%		609				17.69				SuperTarget*		The Zoo Health Club
99			Beneva Village Shoppes		Sarasota		FL		North Port-Sarasota-Bradenton, FL		1987		141,532			82.4	%		1,295				11.10				Publix		Harbor Freight Tools, Walgreens, YouFit Health Club
100			Sarasota Village		Sarasota		FL		North Port-Sarasota-Bradenton, FL		2011		173,184			100.0	%		1,945				11.51				Publix		Big Lots, Crunch Fitness, HomeGoods
101			Atlantic Plaza		Satellite Beach		FL		Palm Bay-Melbourne-Titusville, FL		2008		130,845			73.0	%		1,235				12.93				Publix		—
102			Seminole Plaza		Seminole		FL		Tampa-St. Petersburg-Clearwater, FL		1995		146,579			95.1	%		1,094				7.85				—		Burlington Stores, T.J.Maxx
103			Cobblestone Village		St. Augustine		FL		Jacksonville, FL		2015		261,081			92.5	%		3,111				12.88				Publix		Bealls, Bed Bath & Beyond, Michaels, Party City, Petco
104			Dolphin Village		St. Pete Beach		FL		Tampa-St. Petersburg-Clearwater, FL		1990		134,324			85.9	%		1,646				14.26				Publix		CVS, Dollar Tree
105			Bay Pointe Plaza		St. Petersburg		FL		Tampa-St. Petersburg-Clearwater, FL		2002		103,986			82.4	%		899				10.49				Publix		Bealls Outlet
106			Rutland Plaza		St. Petersburg		FL		Tampa-St. Petersburg-Clearwater, FL		2002		149,562			98.4	%		1,334				9.06				Winn-Dixie (Southeastern Grocers)		Bealls Outlet, Big Lots
107			Skyway Plaza		St. Petersburg		FL		Tampa-St. Petersburg-Clearwater, FL		2002		110,799			90.7	%		957				9.52				Winn-Dixie (Southeastern Grocers)**		Dollar Tree
108			Tyrone Gardens		St. Petersburg		FL		Tampa-St. Petersburg-Clearwater, FL		1998		209,337			85.6	%		1,593				8.89				Winn-Dixie (Southeastern Grocers)		Bealls Outlet, Big Lots, Chuck E. Cheese’s
109			Downtown Publix		Stuart		FL		Port St. Lucie, FL		2000		151,246			58.7	%		1,093				12.31				Publix		Family Dollar
110			Sunrise Town Center		Sunrise		FL		Miami-Fort Lauderdale-West Palm Beach, FL		1989		110,109			94.2	%		1,270				12.25				Patel Brothers		Dollar Tree, LA Fitness		Walmart
111			Carrollwood Center		Tampa		FL		Tampa-St. Petersburg-Clearwater, FL		2002		90,558			96.9	%		1,380				15.72				Publix		Rarehues
112			Ross Plaza		Tampa		FL		Tampa-St. Petersburg-Clearwater, FL		1996		90,625			91.4	%		1,115				13.46				—		Deal$, Ross Dress for Less
113			Tarpon Mall		Tarpon Springs		FL		Tampa-St. Petersburg-Clearwater, FL		2003		145,832			100.0	%		2,203				15.11				Publix		Petco, T.J.Maxx, Ulta
114			Venice Plaza		Venice		FL		North Port-Sarasota-Bradenton, FL		1999		132,345			98.3	%		908				6.98				Winn-Dixie (Southeastern Grocers)		Lumber Liquidators, Pet Supermarket, T.J.Maxx
115			Venice Shopping Center		Venice		FL		North Port-Sarasota-Bradenton, FL		2000		109,801			80.3	%		531				6.02				Publix		Bealls Outlet
116			Governors Town Square		Acworth		GA		Atlanta-Sandy Springs-Roswell, GA		2005		68,658			95.9	%		1,125				17.09				Publix		—
117			Albany Plaza		Albany		GA		Albany, GA		1995		114,169			75.1	%		542				6.32				Harveys (Southeastern Grocers)		Big Lots, OK Beauty & Fashions Outlet
118			Mansell Crossing		Alpharetta		GA		Atlanta-Sandy Springs-Roswell, GA		2015		332,364			98.2	%		5,008				19.17				—		AMC Theatres, Barnes & Noble, DSW, Macy's Furniture Gallery, REI, Sports Authority, T.J.Maxx, Ulta		Toys"R"Us
119			Perlis Plaza		Americus		GA		Americus, GA		1972		165,315			83.5	%		768				5.56				—		Belk, Roses
120			Northeast Plaza		Atlanta		GA		Atlanta-Sandy Springs-Roswell, GA		2015		442,200			95.5	%		4,320				10.36				City Farmers Market		Atlanta Ballroom Dance Club, dd's Discounts, Goodwill
121			Augusta West Plaza		Augusta		GA		Augusta-Richmond County, GA-SC		2006		207,823			69.5	%		1,092				7.56				—		Burlington Stores, Dollar Tree
122			Sweetwater Village		Austell		GA		Atlanta-Sandy Springs-Roswell, GA		1985		66,197			100.0	%		486				7.35				Food Depot		Family Dollar
123			Vineyards at Chateau Elan		Braselton		GA		Atlanta-Sandy Springs-Roswell, GA		2002		79,047			87.7	%		959				13.84				Publix		—
124			Cedar Plaza		Cedartown		GA		Cedartown, GA		1994		83,300			76.5	%		544				8.55				Kroger		—
125			Conyers Plaza		Conyers		GA		Atlanta-Sandy Springs-Roswell, GA		2001		171,374			96.5	%		1,942				11.75				Walmart Supercenter*		Jo-Ann Fabric & Craft Stores, Mattress Firm, PetSmart, Value Village		The Home Depot
126			Cordele Square		Cordele		GA		Cordele, GA		2002		127,953			82.6	%		665				6.29				Harveys (Southeastern Grocers)		Belk, Citi Trends, Cordele Theatres
127			Covington Gallery		Covington		GA		Atlanta-Sandy Springs-Roswell, GA		1991		174,857			88.2	%		952				6.17				Ingles		Kmart
128			Salem Road Station		Covington		GA		Atlanta-Sandy Springs-Roswell, GA		2000		67,270			90.9	%		671				10.98				Publix		—
129			Keith Bridge Commons		Cumming		GA		Atlanta-Sandy Springs-Roswell, GA		2002		94,886			91.8	%		1,131				12.99				Kroger		Anytime Fitness
130			Northside		Dalton		GA		Dalton, GA		2001		73,931			85.2	%		501				7.96				Food City		Family Dollar
131			Cosby Station		Douglasville		GA		Atlanta-Sandy Springs-Roswell, GA		1994		77,811			94.0	%		806				11.02				Publix		—
132			Park Plaza		Douglasville		GA		Atlanta-Sandy Springs-Roswell, GA		1986		46,494			77.1	%		565				15.76				Kroger*		—
133			Dublin Village		Dublin		GA		Dublin, GA		2005		94,920			97.3	%		669				7.25				Kroger		—
134			Westgate		Dublin		GA		Dublin, GA		2004		113,138			94.0	%		676				6.59				Harveys (Southeastern Grocers)		Bealls Outlet, Big Lots		The Home Depot
135			Venture Pointe		Duluth		GA		Atlanta-Sandy Springs-Roswell, GA		2012		155,172			89.0	%		1,431				10.36				—		American Signature Furniture, Ollie's Bargain Outlet, Studio Movie Grill
136			Banks Station		Fayetteville		GA		Atlanta-Sandy Springs-Roswell, GA		2006		176,451			85.3	%		1,170				8.99				Food Depot		Cinemark, Staples
137			Barrett Place		Kennesaw		GA		Atlanta-Sandy Springs-Roswell, GA		1994		218,818			100.0	%		2,137				9.77				—		Best Buy, Michaels, OfficeMax, PetSmart, Sports Authority, The Furniture Mall
138			Shops of Huntcrest		Lawrenceville		GA		Atlanta-Sandy Springs-Roswell, GA		2003		97,040			95.6	%		1,222				13.16				Publix		—
139			Mableton Walk		Mableton		GA		Atlanta-Sandy Springs-Roswell, GA		1994		105,884			80.9	%		1,083				12.64				Publix		—
140			The Village at Mableton		Mableton		GA		Atlanta-Sandy Springs-Roswell, GA		2015		239,013			81.3	%		761				4.05				—		Dollar Tree, Kmart, Ollie's Bargain Outlet
141			North Park		Macon		GA		Macon, GA		2013		216,795			99.0	%		1,356				6.32				Kroger		Kmart
142			Marshalls at Eastlake		Marietta		GA		Atlanta-Sandy Springs-Roswell, GA		1982		54,976			97.8	%		516				9.59				—		Marshalls
143			New Chastain Corners		Marietta		GA		Atlanta-Sandy Springs-Roswell, GA		2004		113,079			77.0	%		865				9.94				Kroger		—
144			Pavilions at Eastlake		Marietta		GA		Atlanta-Sandy Springs-Roswell, GA		1996		154,224			87.9	%		1,647				12.15				Kroger		J. Christopher's
145			Perry Marketplace		Perry		GA		Warner Robins, GA		2004		179,973			76.5	%		935				6.80				Kroger		Ace Hardware, Bealls Outlet, Goody's
146			Creekwood Village		Rex		GA		Atlanta-Sandy Springs-Roswell, GA		1990		69,778			85.9	%		501				8.37				Food Depot		—
147			Shops of Riverdale		Riverdale		GA		Atlanta-Sandy Springs-Roswell, GA		1995		16,808			82.2	%		274				19.83				Walmart Supercenter*		—

Supplemental Disclosure - Three Months Ended September 30, 2015 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
148			Holcomb Bridge Crossing		Roswell		GA		Atlanta-Sandy Springs-Roswell, GA		1988		105,420			94.0	%		968				9.76				—		PGA TOUR Superstore
149			Victory Square		Savannah		GA		Savannah, GA		2007		122,739			95.4	%		1,698				14.85				SuperTarget*		Citi Trends, Dollar Tree, Frank Theatres, Staples		The Home Depot
150			Stockbridge Village		Stockbridge		GA		Atlanta-Sandy Springs-Roswell, GA		2008		188,135			86.7	%		2,474				15.16				Kroger		—
151			Stone Mountain Festival		Stone Mountain		GA		Atlanta-Sandy Springs-Roswell, GA		2006		347,091			92.5	%		1,642				5.11				Walmart Supercenter		Hobby Lobby, NCG Cinemas
152			Wilmington Island		Wilmington Island		GA		Savannah, GA		2015		101,462			92.7	%		1,065				11.32				Kroger		—
153			Kimberly West Shopping Center		Davenport		IA		Davenport-Moline-Rock Island, IA-IL		1987		113,713			87.3	%		605				6.10				Hy-Vee		—
154			Haymarket Mall		Des Moines		IA		Des Moines-West Des Moines, IA		2002		238,803			97.9	%		1,294				5.53				—		Burlington Stores, Hobby Lobby
155			Haymarket Square		Des Moines		IA		Des Moines-West Des Moines, IA		2002		268,205			82.0	%		1,363				6.20				Price Chopper		Big Lots, Northern Tool + Equipment, Office Depot
156			Warren Plaza		Dubuque		IA		Dubuque, IA		1993		96,339			93.4	%		728				8.09				Hy-Vee		Target		Target
157			Annex of Arlington		Arlington Heights		IL		Chicago-Naperville-Elgin, IL-IN-WI		2015		192,904			100.0	%		2,911				15.09				Trader Joe's		Barnes & Noble, Binny's Beverage Depot, hhgregg, Petco
158			Ridge Plaza		Arlington Heights		IL		Chicago-Naperville-Elgin, IL-IN-WI		2000		151,643			90.5	%		1,958				14.27				—		Savers, XSport Fitness		Kohl's
159			Bartonville Square		Bartonville		IL		Peoria, IL		2001		61,678			100.0	%		355				6.09				Kroger		—
160			Festival Center		Bradley		IL		Kankakee, IL		2006		63,796			76.7	%		294				6.02				—		Big Lots, Dollar General
161			Southfield Plaza		Bridgeview		IL		Chicago-Naperville-Elgin, IL-IN-WI		2006		198,331			94.7	%		2,065				11.00				Shop 'n Save		Hobby Lobby, Walgreens
162			Commons of Chicago Ridge		Chicago Ridge		IL		Chicago-Naperville-Elgin, IL-IN-WI		1998		324,977			94.8	%		4,029				23.44				—		Marshalls, Office Depot, The Home Depot, XSport Fitness
163			Rivercrest Shopping Center		Crestwood		IL		Chicago-Naperville-Elgin, IL-IN-WI		2015		558,680			91.6	%		5,637				14.08				Ultra Foods		AMC, Best Buy, Party City, PetSmart, Ross Dress for Less, T.J.Maxx
164			The Commons of Crystal Lake		Crystal Lake		IL		Chicago-Naperville-Elgin, IL-IN-WI		2015		273,060			86.3	%		2,342				9.94				Jewel-Osco (Albertsons)		Burlington Stores		Hobby Lobby
165			Elk Grove Town Center		Elk Grove Village		IL		Chicago-Naperville-Elgin, IL-IN-WI		1998		131,794			99.5	%		2,172				16.57				Joe Caputo & Sons Fruit Market		Walgreens
166			Crossroads Centre		Fairview Heights		IL		St. Louis, MO-IL		1975		242,198			90.3	%		2,012				9.20				—		Big Lots, Hobby Lobby, T.J.Maxx
167			Frankfort Crossing Shopping Center		Frankfort		IL		Chicago-Naperville-Elgin, IL-IN-WI		1992		114,534			95.8	%		1,393				12.69				Jewel-Osco (Albertsons)		Ace Hardware
168			Freeport Plaza		Freeport		IL		Freeport, IL		2000		87,846			100.0	%		577				6.56				Cub Foods (Supervalu)		Stone's Hallmark
169			Westview Center		Hanover Park		IL		Chicago-Naperville-Elgin, IL-IN-WI		2015		326,422			92.8	%		2,593				8.86				Tony's Finer Foods		Big Lots, LA Fitness, Sears Outlet		Value City
170			The Quentin Collection		Kildeer		IL		Chicago-Naperville-Elgin, IL-IN-WI		2006		171,530			100.0	%		2,892				16.86				The Fresh Market		Best Buy, DSW, PetSmart, Stein Mart
171			Butterfield Square		Libertyville		IL		Chicago-Naperville-Elgin, IL-IN-WI		2013		106,755			98.8	%		1,587				15.06				Sunset Foods		—
172			High Point Centre		Lombard		IL		Chicago-Naperville-Elgin, IL-IN-WI		1992		240,046			66.7	%		1,751				10.94				Ultra Foods		Jo-Ann Fabric & Craft Stores, Office Depot
173			Long Meadow Commons		Mundelein		IL		Chicago-Naperville-Elgin, IL-IN-WI		1997		118,470			87.1	%		1,532				15.73				Dominick's**		—
174			Westridge Court		Naperville		IL		Chicago-Naperville-Elgin, IL-IN-WI		2015		680,553			97.0	%		8,043				12.19				—		Art Van Furniture, Big Lots, buybuy BABY, Gordmans, hhgregg, Marshalls, Old Navy, Savers, Star Cinema Grill, Ulta
175			Sterling Bazaar		Peoria		IL		Peoria, IL		1992		87,359			96.7	%		808				10.12				Kroger		—
176			Rollins Crossing		Round Lake Beach		IL		Chicago-Naperville-Elgin, IL-IN-WI		1998		192,849			96.3	%		1,985				17.56				—		LA Fitness, Regal Cinemas
177			Twin Oaks Shopping Center		Silvis		IL		Davenport-Moline-Rock Island, IA-IL		1991		114,342			96.4	%		717				6.51				Hy-Vee		Eye Surgeons Associates
178			Parkway Pointe		Springfield		IL		Springfield, IL		1994		38,737			85.9	%		597				17.93				ALDI*		dressbarn, Family Christian Stores, Shoe Carnival		Target, Walmart
179			Sangamon Center North		Springfield		IL		Springfield, IL		1996		139,907			94.9	%		1,275				9.61				Schnucks		U.S. Post Office
180			Tinley Park Plaza		Tinley Park		IL		Chicago-Naperville-Elgin, IL-IN-WI		2005		244,060			70.2	%		2,140				12.50				Walt's Fine Foods		Tile Shop
181			Meridian Village		Carmel		IN		Indianapolis-Carmel-Anderson, IN		1990		130,769			89.2	%		997				8.55				—		Dollar Tree, Godby Home Furnishings, Ollie's Bargain Outlet
182			Columbus Center		Columbus		IN		Columbus, IN		2005		143,050			100.0	%		1,522				10.64				—		Big Lots, MC Sports, OfficeMax, T.J.Maxx		Target
183			Elkhart Plaza West		Elkhart		IN		Elkhart-Goshen, IN		1997		81,651			91.2	%		585				7.86				Martin's Super Market		CVS
184			Apple Glen Crossing		Fort Wayne		IN		Fort Wayne, IN		2002		150,164			96.5	%		1,933				16.77				Walmart Supercenter*		Best Buy, Dick's Sporting Goods, PetSmart		Kohl's
185			Market Centre		Goshen		IN		Elkhart-Goshen, IN		1994		363,883			98.4	%		2,302				9.26				Sam's Club		Walmart
186			Marwood Plaza		Indianapolis		IN		Indianapolis-Carmel-Anderson, IN		1992		107,080			72.3	%		624				8.05				Kroger		—
187			Westlane Shopping Center		Indianapolis		IN		Indianapolis-Carmel-Anderson, IN		2015		71,602			100.0	%		654				9.14				Save-A-Lot		Citi Trends
188			Valley View Plaza		Marion		IN		Marion, IN		1997		29,974			83.0	%		338				13.57				Walmart Supercenter*		Aaron's
189			Bittersweet Plaza		Mishawaka		IN		South Bend-Mishawaka, IN-MI		2000		91,798			91.3	%		741				8.85				Martin's Super Market		—
190			Lincoln Plaza		New Haven		IN		Fort Wayne, IN		1968		103,938			60.7	%		528				8.36				Kroger		—
191			Speedway Super Center		Speedway		IN		Indianapolis-Carmel-Anderson, IN		2015		571,967			80.9	%		4,027				8.76				Kroger		Kohl's, Petco, Sears Outlet, T.J.Maxx
192			Sagamore Park Centre		West Lafayette		IN		Lafayette-West Lafayette, IN		2003		117,550			89.3	%		1,064				10.13				Pay Less (Kroger)		—
193			Westchester Square		Lenexa		KS		Kansas City, MO-KS		1987		155,518			87.4	%		1,159				8.52				Hy-Vee		—
194			West Loop Shopping Center		Manhattan		KS		Manhattan, KS		2013		212,261			94.2	%		1,707				13.88				Dillons (Kroger)		Bellus Academy, Jo-Ann Fabric & Craft Stores, Marshalls
195			Green River Plaza		Campbellsville		KY		Campbellsville, KY		1989		203,239			99.0	%		1,380				6.86				Kroger		Burke's Outlet, Goody’s, JC Penney, Jo-Ann Fabric & Craft Stores, Tractor Supply Co.
196			Kmart Plaza		Elizabethtown		KY		Elizabethtown-Fort Knox, KY		1992		130,466			100.0	%		880				6.75				—		Kmart, Staples
197			Florence Plaza - Florence Square		Florence		KY		Cincinnati, OH-KY-IN		2015		686,488			97.8	%		6,841				12.81				Kroger		Barnes & Noble, Burlington Stores, hhgregg, Hobby Lobby, Old Navy, Staples, T.J.Maxx
198			Highland Commons		Glasgow		KY		Glasgow, KY		1992		130,466			98.9	%		755				5.85				Food Lion		Kmart

Supplemental Disclosure - Three Months Ended September 30, 2015 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
199			Jeffersontown Commons		Jeffersontown		KY		Louisville/Jefferson County, KY-IN		2005		208,374			85.4	%		1,588				9.46				—		King Pin Lanes, Louisville Athletic Club
200			Mist Lake Plaza		Lexington		KY		Lexington-Fayette, KY		1993		217,292			96.5	%		1,508				7.19				—		Gabriel Brothers, Walmart
201			London Marketplace		London		KY		London, KY		1994		169,032			100.0	%		1,122				6.64				Kroger		Goody's, Kmart
202			Eastgate Shopping Center		Louisville		KY		Louisville/Jefferson County, KY-IN		2002		174,947			97.1	%		1,755				10.33				Kroger		—
203			Plainview Village		Louisville		KY		Louisville/Jefferson County, KY-IN		1997		165,467			84.5	%		1,375				10.43				Kroger		—
204			Stony Brook I & II		Louisville		KY		Louisville/Jefferson County, KY-IN		1988		136,916			92.8	%		1,707				13.43				Kroger		—
205			Towne Square North		Owensboro		KY		Owensboro, KY		1988		163,161			100.0	%		1,251				7.67				—		Books-A-Million, Hobby Lobby, Office Depot
206			Lexington Road Plaza		Versailles		KY		Lexington-Fayette, KY		2007		197,668			98.6	%		1,432				7.35				Kroger		Kmart
207			Karam Shopping Center		Lafayette		LA		Lafayette, LA		2015		100,238			83.8	%		277				3.29				Super 1 Foods		dd's Discounts (Ross)
208			Iberia Plaza		New Iberia		LA		Lafayette, LA		1992		131,731			96.5	%		742				5.84				Super 1 Foods		—
209			Lagniappe Village		New Iberia		LA		Lafayette, LA		2010		201,360			98.5	%		1,551				7.82				—		Big Lots, Citi Trends, Stage, T.J.Maxx
210			The Pines Shopping Center		Pineville		LA		Alexandria, LA		1991		179,039			97.8	%		1,082				6.18				Super 1 Foods		Kmart
211			Points West Plaza		Brockton		MA		Boston-Cambridge-Newton, MA-NH		2015		133,432			98.5	%		1,066				8.11				PriceRite (ShopRite)		Citi Trends, Ocean State Job Lot
212			Burlington Square I, II & III		Burlington		MA		Boston-Cambridge-Newton, MA-NH		1992		86,290			93.1	%		1,814				22.58				—		Golf Galaxy, Pyara Aveda Spa & Salon, Staples
213			Chicopee Marketplace		Chicopee		MA		Springfield, MA		2005		150,959			100.0	%		2,547				17.48				Walmart Supercenter*		Marshalls, Party City, Staples
214			Holyoke Shopping Center		Holyoke		MA		Springfield, MA		2000		195,795			94.7	%		1,475				11.62				Super Stop & Shop (Ahold)		Jo-Ann Fabric & Craft Stores, Ocean State Job Lot
215			WaterTower Plaza		Leominster		MA		Worcester, MA-CT		2000		282,591			89.7	%		3,659				14.43				Shaw's (Albertsons)		Barnes & Noble, Michaels, Ocean State Job Lot, Petco, Staples, T.J.Maxx
216			Lunenberg Crossing		Lunenburg		MA		Worcester, MA-CT		1994		25,515			29.4	%		187				24.97				Hannaford Bros. (Delhaize)*		—		Walmart
217			Lynn Marketplace		Lynn		MA		Boston-Cambridge-Newton, MA-NH		1968		78,092			100.0	%		1,141				14.61				Shaw's (Albertsons)		Rainbow
218			Webster Square Shopping Center		Marshfield		MA		Boston-Cambridge-Newton, MA-NH		2005		182,734			98.7	%		2,218				12.30				Star Market		Marshalls
219			Berkshire Crossing		Pittsfield		MA		Pittsfield, MA		1994		442,354			100.0	%		3,907				20.08				Market 32		Barnes & Noble, Michaels, Staples, The Home Depot, Ulta, Walmart
220			Westgate Plaza		Westfield		MA		Springfield, MA		1996		103,903			96.6	%		1,144				11.74				—		Ocean State Job Lot, Staples, T.J.Maxx
221			Perkins Farm Marketplace		Worcester		MA		Worcester, MA-CT		2015		204,038			74.7	%		1,865				21.88				Super Stop & Shop (Ahold)		Citi Trends, CW Price
222			South Plaza Shopping Center		California		MD		California-Lexington Park, MD		2005		92,335			100.0	%		1,678				18.17				—		Best Buy, Old Navy, Petco, Ross Dress for Less
223			Campus Village Shoppes		College Park		MD		Washington-Arlington-Alexandria, DC-VA-MD-WV		1986		25,529			93.5	%		672				28.14				—		—
224			Fox Run		Prince Frederick		MD		Washington-Arlington-Alexandria, DC-VA-MD-WV		1997		292,849			97.1	%		2,953				10.39				Giant Food (Ahold)		Jo-Ann Fabric & Craft Stores, Kmart, Peebles
225			Liberty Plaza		Randallstown		MD		Baltimore-Columbia-Towson, MD		2012		218,862			100.0	%		2,654				12.13				Walmart Supercenter		Marshalls
226			Rising Sun Towne Centre		Rising Sun		MD		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		2013		146,849			97.3	%		1,764				12.65				Martin's Food (Ahold)		—
227			Pine Tree Shopping Center		Portland		ME		Portland-South Portland, ME		1958		287,513			91.8	%		1,913				20.04				—		Big Lots, Dollar Tree, Jo-Ann Fabric & Craft Stores, Lowe's
228			Maple Village		Ann Arbor		MI		Ann Arbor, MI		2000		293,525			98.3	%		2,622				9.09				Plum Market		Dunham's Sports
229			Grand Crossing		Brighton		MI		Detroit-Warren-Dearborn, MI		2005		85,389			98.6	%		888				10.54				VG's Food (SpartanNash)		ACE Hardware
230			Farmington Crossroads		Farmington		MI		Detroit-Warren-Dearborn, MI		2013		87,391			93.6	%		786				9.61				—		Dollar Tree, Ollie's Bargain Outlet, True Value
231			Silver Pointe Shopping Center		Fenton		MI		Flint, MI		1996		160,943			83.8	%		1,705				12.64				VG's Food (SpartanNash)		Dunham's Sports
232			Cascade East		Grand Rapids		MI		Grand Rapids-Wyoming, MI		1983		99,529			84.4	%		669				7.97				D&W Fresh Market (SpartanNash)		—
233			Delta Center		Lansing		MI		Lansing-East Lansing, MI		2015		186,246			97.9	%		1,520				8.34				—		Bed Bath & Beyond, DXL Destination XL, Hobby Lobby, Planet Fitness
234			Lakes Crossing		Muskegon		MI		Muskegon, MI		2011		110,997			85.5	%		1,292				14.89				—		Jo-Ann Fabric & Craft Stores, Party City, Shoe Carnival, Ulta		Kohl's
235			Redford Plaza		Redford		MI		Detroit-Warren-Dearborn, MI		1992		276,175			95.3	%		2,381				9.05				Kroger		Ace Hardware, Burlington Stores, CW Price, Dollar Tree
236			Hampton Village Centre		Rochester Hills		MI		Detroit-Warren-Dearborn, MI		2004		454,377			95.6	%		5,893				18.01				—		Best Buy, DSW, Emagine Theatre, Kohl's, Old Navy, T.J.Maxx, Ulta		Target
237			Fashion Corners		Saginaw		MI		Saginaw, MI		2004		184,735			100.0	%		1,774				9.60				—		Bed Bath & Beyond, Best Buy, Dunham's Sports, Guitar Center, Harbor Freight Tools
238			Green Acres		Saginaw		MI		Saginaw, MI		2011		281,646			66.7	%		1,335				13.20				Kroger		Planet Fitness, Rite Aid
239			Hall Road Crossing		Shelby Township		MI		Detroit-Warren-Dearborn, MI		1999		175,503			100.0	%		2,397				13.66				—		Gander Mountain, Michaels, Old Navy, T.J.Maxx, Ulta
240			Southfield Plaza		Southfield		MI		Detroit-Warren-Dearborn, MI		2015		101,724			100.0	%		1,118				10.99				—		Dollar Castle, Party City, Planet Fitness		Burlington Stores
241			18 Ryan		Sterling Heights		MI		Detroit-Warren-Dearborn, MI		1997		101,709			98.8	%		1,419				14.12				VG's Food (SpartanNash)		O'Reilly Auto Parts, Planet Fitness
242			Delco Plaza		Sterling Heights		MI		Detroit-Warren-Dearborn, MI		1996		154,853			100.0	%		950				6.14				—		Babies"R"Us, Bed Bath & Beyond, Dunham's Mega Sports
243			Grand Traverse Crossing		Traverse City		MI		Traverse City, MI		1996		412,755			97.6	%		2,706				27.35				Walmart Supercenter		Books-A-Million, PetSmart, Staples, The Home Depot, Toys"R"Us, Ulta
244			West Ridge		Westland		MI		Detroit-Warren-Dearborn, MI		2015		162,817			59.6	%		825				8.51				—		Bed Bath & Beyond, Party City, Petco		Burlington Stores, Target
245			Roundtree Place		Ypsilanti		MI		Ann Arbor, MI		1992		246,620			97.1	%		1,133				13.04				Walmart Supercenter		Harbor Freight Tools, Ollie's Bargain Outlet
246			Washtenaw Fountain Plaza		Ypsilanti		MI		Ann Arbor, MI		2005		123,390			95.5	%		826				7.01				Save-A-Lot		Dollar Tree, Dunham's Sports, Planet Fitness
247			Southport Centre I - VI		Apple Valley		MN		Minneapolis-St. Paul-Bloomington, MN-WI		1985		124,937			99.0	%		2,030				16.41				SuperTarget*		Best Buy, Dollar Tree, Walgreens
248			Austin Town Center		Austin		MN		Austin, MN		1999		108,486			73.7	%		460				7.08				ALDI		Jo-Ann Fabric & Craft Stores		Target

Supplemental Disclosure - Three Months Ended September 30, 2015 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
249			Burning Tree Plaza		Duluth		MN		Duluth, MN-WI		1987		182,969			99.3	%		2,028				11.16				—		Best Buy, Dunham's Sports, T.J.Maxx
250			Elk Park Center		Elk River		MN		Minneapolis-St. Paul-Bloomington, MN-WI		1999		204,992			91.0	%		1,929				10.34				Cub Foods (Jerry's Foods)		OfficeMax
251			Westwind Plaza		Minnetonka		MN		Minneapolis-St. Paul-Bloomington, MN-WI		2007		87,942			96.1	%		1,246				14.75				Cub Foods (Supervalu)*		—
252			Richfield Hub		Richfield		MN		Minneapolis-St. Paul-Bloomington, MN-WI		2015		213,595			93.0	%		2,333				11.75				Rainbow Foods (Jerry's Foods)		Marshalls, Michaels
253			Roseville Center		Roseville		MN		Minneapolis-St. Paul-Bloomington, MN-WI		2000		69,537			74.8	%		745				14.42				Cub Foods (Supervalu)*		Dollar Tree, Hancock Fabrics
254			Marketplace @ 42		Savage		MN		Minneapolis-St. Paul-Bloomington, MN-WI		2015		117,873			91.0	%		1,480				13.79				Fresh Thyme Farmers Market		—
255			Sun Ray Shopping Center		St. Paul		MN		Minneapolis-St. Paul-Bloomington, MN-WI		2013		291,011			93.2	%		2,467				12.00				Cub Foods (Supervalu)		T.J.Maxx, Valu Thrift Store
256			White Bear Hills Shopping Center		White Bear Lake		MN		Minneapolis-St. Paul-Bloomington, MN-WI		1996		73,095			98.4	%		695				9.66				Festival Foods		Dollar Tree
257			Ellisville Square		Ellisville		MO		St. Louis, MO-IL		2015		136,920			73.9	%		1,281				20.96				—		Michaels, Party City, The Sports Authority
258			Clocktower Place		Florissant		MO		St. Louis, MO-IL		2013		207,317			81.5	%		1,277				7.70				ALDI		Florissant Furniture & Rug Gallery, Ross Dress for Less
259			Hub Shopping Center		Independence		MO		Kansas City, MO-KS		1995		160,423			92.9	%		807				5.78				Price Chopper		—
260			Watts Mill Plaza		Kansas City		MO		Kansas City, MO-KS		1997		161,717			97.8	%		1,443				9.13				Price Chopper		Ace Hardware
261			Liberty Corners		Liberty		MO		Kansas City, MO-KS		1987		124,808			86.9	%		846				7.80				Price Chopper		—
262			Maplewood Square		Maplewood		MO		St. Louis, MO-IL		1998		71,590			91.5	%		449				6.85				Shop 'n Save (Supervalu)		—
263			Clinton Crossing		Clinton		MS		Jackson, MS		1990		112,148			100.0	%		1,120				10.28				Kroger		—
264			County Line Plaza		Jackson		MS		Jackson, MS		2014		221,127			90.7	%		2,214				11.61				—		Burke's Outlet, Conn's, Kirkland's, Tuesday Morning
265			Jacksonian Plaza		Jackson		MS		Jackson, MS		1990		73,041			100.0	%		538				7.53				Kroger*		Books-A-Million, Office Depot
266			Devonshire Place		Cary		NC		Raleigh, NC		2012		106,680			100.0	%		1,425				13.65				—		Dollar Tree, Golf Galaxy, REI
267			McMullen Creek Market		Charlotte		NC		Charlotte-Concord-Gastonia, NC-SC		2015		271,895			85.4	%		2,878				12.40				Walmart Neighborhood Market		Burlington Stores, Dollar Tree, Rugged Warehouse, Staples
268			The Commons at Chancellor Park		Charlotte		NC		Charlotte-Concord-Gastonia, NC-SC		2015		348,604			82.6	%		1,610				8.83				—		Big Lots, Gabes, The Home Depot, Value City Furniture
269			Macon Plaza		Franklin		NC		—		2001		92,787			84.4	%		407				5.20				BI-LO (Southeastern Grocers)		Peebles
270			Garner Towne Square		Garner		NC		Raleigh, NC		1997		184,347			90.7	%		2,041				12.21				Kroger		OfficeMax, PetSmart		Target, The Home Depot
271			Franklin Square		Gastonia		NC		Charlotte-Concord-Gastonia, NC-SC		2015		317,705			87.2	%		3,111				12.61				Walmart Supercenter*		Bed Bath & Beyond, Best Buy, Dollar Tree, Michaels, Ross Dress for Less
272			Wendover Place		Greensboro		NC		Greensboro-High Point, NC		2000		406,768			100.0	%		4,900				14.09				—		Babies"R"Us, Christmas Tree Shops, Dick's Sporting Goods, Kohl's, Michaels, Old Navy, PetSmart		Ross Dress for Less, Target
273			University Commons		Greenville		NC		Greenville, NC		2014		233,153			96.8	%		2,938				13.02				Harris Teeter (Kroger)		A.C. Moore, Barnes & Noble, Petco, T.J.Maxx		Target
274			Valley Crossing		Hickory		NC		Hickory-Lenoir-Morganton, NC		2014		191,431			91.1	%		1,554				8.91				—		Academy Sports + Outdoors, Dollar Tree, Fallas Paredes, Harbor Freight Tools, Ollie's Bargain Outlet
275			Kinston Pointe		Kinston		NC		Kinston, NC		2001		250,580			98.5	%		872				3.53				Walmart Supercenter		Dollar Tree
276			Magnolia Plaza		Morganton		NC		Hickory-Lenoir-Morganton, NC		1990		104,539			36.9	%		198				5.13				Ingles		—
277			Roxboro Square		Roxboro		NC		Durham-Chapel Hill, NC		2005		97,226			97.2	%		1,359				14.39				—		Person County Health & Human Services
278			Innes Street Market		Salisbury		NC		Charlotte-Concord-Gastonia, NC-SC		2002		349,425			98.6	%		3,745				10.87				Food Lion		Lowe's, Marshalls, Old Navy, PetSmart, Staples, Tinseltown
279			Salisbury Marketplace		Salisbury		NC		Charlotte-Concord-Gastonia, NC-SC		1987		79,732			70.3	%		601				10.73				Food Lion		Family Dollar
280			Crossroads		Statesville		NC		Charlotte-Concord-Gastonia, NC-SC		1997		340,189			97.7	%		1,988				5.98				Walmart Supercenter		Big Lots, Burkes Outlet, Tractor Supply
281			Anson Station		Wadesboro		NC		—		1988		132,353			67.6	%		564				6.31				Food Lion		Peebles, Tractor Supply Co.
282			New Centre Market		Wilmington		NC		Wilmington, NC		1998		143,762			76.6	%		1,589				14.94				—		OfficeMax, PetSmart		Target
283			University Commons		Wilmington		NC		Wilmington, NC		2007		235,345			97.9	%		3,328				14.45				Lowes Foods		A.C. Moore, HomeGoods, T.J.Maxx
284			Whitaker Square		Winston Salem		NC		Winston-Salem, NC		1996		82,760			100.0	%		1,119				13.52				Harris Teeter (Kroger)		Rugged Wearhouse
285			Parkway Plaza		Winston-Salem		NC		Winston-Salem, NC		2005		283,830			89.1	%		2,810				11.70				Super Compare Foods		Big Lots, Citi Trends, Office Depot
286			Stratford Commons		Winston-Salem		NC		Winston-Salem, NC		1995		72,308			94.8	%		994				14.50				—		Golf Galaxy, Mattress Firm, OfficeMax
287			Bedford Grove		Bedford		NH		Manchester-Nashua, NH		1989		216,941			96.8	%		1,981				21.81				Hannaford Bros. (Delhaize)		Walmart
288			Capitol Shopping Center		Concord		NH		Concord, NH		2001		182,887			100.0	%		2,023				11.32				DeMoulas Supermarkets		Burlington Stores, Jo-Ann Fabric & Craft Stores, Marshalls
289			Willow Springs Plaza		Nashua		NH		Manchester-Nashua, NH		2015		131,248			100.0	%		2,287				19.00				—		JC Penney, New Hampshire Liquor and Wine Outlet, Petco		The Home Depot
290			Seacoast Shopping Center		Seabrook		NH		Boston-Cambridge-Newton, MA-NH		1991		91,690			27.3	%		184				18.46				—		Jo-Ann Fabric & Craft Stores
291			Tri-City Plaza		Somersworth		NH		Boston-Cambridge-Newton, MA-NH		1990		146,797			90.5	%		1,129				8.50				DeMoulas Supermarkets		T.J.Maxx
292			Laurel Square		Brick		NJ		New York-Newark-Jersey City, NY-NJ-PA		2015		246,235			90.2	%		1,578				7.54				Pathmark (A&P)		Kmart, Planet Fitness
293			the Shoppes at Cinnaminson		Cinnaminson		NJ		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		2010		296,109			95.5	%		4,090				21.48				ShopRite		Burlington Stores, Ross Dress For Less
294			A&P Fresh Market		Clark		NJ		New York-Newark-Jersey City, NY-NJ-PA		2007		52,812			100.0	%		1,357				25.70				Acme		—
295			Collegetown Shopping Center		Glassboro		NJ		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		2015		250,515			97.5	%		2,175				8.91				—		Kmart, LA Fitness, Staples
296			Hamilton Plaza-Kmart Plaza		Hamilton		NJ		Trenton, NJ		2015		148,919			98.0	%		1,073				7.35				—		Kmart, Planet Fitness
297			Bennetts Mills Plaza		Jackson		NJ		New York-Newark-Jersey City, NY-NJ-PA		2002		127,230			87.8	%		1,461				32.77				Super Stop & Shop (Ahold)		—
298			Lakewood Plaza		Lakewood		NJ		New York-Newark-Jersey City, NY-NJ-PA		1966		202,210			100.0	%		2,905				14.45				Gourmet Glatt Express		Dollar Tree
299			Marlton Crossing		Marlton		NJ		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		2013		332,664			97.1	%		5,231				16.20				—		Burlington Stores, DSW, HomeGoods, Michaels, T.J.Maxx

Supplemental Disclosure - Three Months Ended September 30, 2015 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
300			Middletown Plaza		Middletown		NJ		New York-Newark-Jersey City, NY-NJ-PA		2001		197,466			100.0	%		3,804				19.26				ShopRite		Petco, Rite Aid
301			Larchmont Centre		Mount Laurel		NJ		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		1985		103,787			92.3	%		1,217				12.71				ShopRite		—
302			Old Bridge Gateway		Old Bridge		NJ		New York-Newark-Jersey City, NY-NJ-PA		1995		242,991			91.3	%		3,910				17.63				Bhavani Food Market		Marshalls, Modell's Sporting Goods, Pep Boys, Petco, Robert Wood Johnson Fitness
303			Morris Hills Shopping Center		Parsippany		NJ		New York-Newark-Jersey City, NY-NJ-PA		1994		159,561			97.6	%		2,939				18.88				—		Blink Fitness (Equinox), Clearview Cinema Group, HomeGoods, Marshalls
304			Rio Grande Plaza		Rio Grande		NJ		Ocean City, NJ		1997		139,930			91.1	%		1,530				12.00				ShopRite*		JC Penney, Peebles, PetSmart
305			Ocean Heights Plaza		Somers Point		NJ		Atlantic City-Hammonton, NJ		2006		179,199			97.9	%		3,219				18.36				ShopRite		Pier 1 Imports, Staples
306			ShopRite Supermarket		Springfield		NJ		New York-Newark-Jersey City, NY-NJ-PA		1965		32,209			100.0	%		389				12.09				ShopRite		—
307			Tinton Falls Plaza		Tinton Falls		NJ		New York-Newark-Jersey City, NY-NJ-PA		2006		98,410			83.1	%		1,366				16.69				A&P*		Dollar Tree, WOW! Fitness
308			Cross Keys Commons		Turnersville		NJ		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		1996		216,623			90.0	%		3,201				16.42				Walmart Supercenter*		Marshalls, Party City, Ross Dress for Less, Staples
309			Dover Park Plaza		Yardville		NJ		Trenton, NJ		2005		56,751			84.9	%		755				15.68				—		CVS, Dollar Tree
310			St Francis Plaza		Santa Fe		NM		Santa Fe, NM		1993		35,800			100.0	%		413				11.54				Whole Foods Market		Walgreens
311			Smith's		Socorro		NM		—		1976		48,000			100.0	%		506				10.54				Smith's (Kroger)		—
312			Galleria Commons		Henderson		NV		Las Vegas-Henderson-Paradise, NV		2015		275,011			94.7	%		2,881				11.06				—		Babies"R"Us, Burlington Stores, Kirkland’s, Stein Mart, T.J.Maxx, Tuesday Morning
313			Montecito Marketplace		Las Vegas		NV		Las Vegas-Henderson-Paradise, NV		2006		190,434			100.0	%		3,789				19.90				Smith's (Kroger)		T.J.Maxx
314			Renaissance Center East		Las Vegas		NV		Las Vegas-Henderson-Paradise, NV		2012		144,216			74.9	%		1,268				11.73				—		Savers
315			Parkway Plaza		Carle Place		NY		New York-Newark-Jersey City, NY-NJ-PA		1993		89,704			100.0	%		2,511				27.99				—		Minado, Stew Leonard's Wines, T.J.Maxx
316			Erie Canal Centre		Dewitt		NY		Syracuse, NY		2015		115,500			65.4	%		981				13.00				—		Dick's Sporting Goods, OfficeMax
317			Unity Plaza		East Fishkill		NY		New York-Newark-Jersey City, NY-NJ-PA		2005		67,462			90.5	%		1,292				21.16				Acme		—
318			Suffolk Plaza		East Setauket		NY		New York-Newark-Jersey City, NY-NJ-PA		1998		84,480			98.1	%		1,099				13.26				BJ's Wholesale*, Waldbaum's (A&P), Walmart Supercenter*		—		Kohl's
319			Three Village Shopping Center		East Setauket		NY		New York-Newark-Jersey City, NY-NJ-PA		1991		77,458			94.7	%		1,859				25.34				King Kullen**		Ace Hardware
320			Stewart Plaza		Garden City		NY		New York-Newark-Jersey City, NY-NJ-PA		1990		193,622			90.2	%		2,861				16.38				—		Burlington Stores, K&G Men's Center
321			Genesee Valley Shopping Center		Geneseo		NY		Rochester, NY		2007		191,314			90.9	%		1,648				9.78				Wegmans		Peebles, Tractor Supply Co.
322			McKinley Plaza		Hamburg		NY		Buffalo-Cheektowaga-Niagara Falls, NY		1991		95,544			97.1	%		1,348				14.92				Wegmans*		A.C. Moore, T.J.Maxx
323			Dalewood I, II & III Shopping Center		Hartsdale		NY		New York-Newark-Jersey City, NY-NJ-PA		2012		191,441			98.1	%		6,100				33.19				H-Mart, Mrs. Green's Natural Market		Christmas Tree Shops, Rite Aid, T.J.Maxx
324			Hornell Plaza		Hornell		NY		Corning, NY		2005		253,335			100.0	%		2,085				8.23				Wegmans		Walmart
325			Cayuga Mall		Ithaca		NY		Ithaca, NY		2013		204,830			100.0	%		1,768				8.63				—		Jo-Ann Fabric & Craft Stores, Party City, Rite Aid, True Value
326			Kings Park Plaza		Kings Park		NY		New York-Newark-Jersey City, NY-NJ-PA		1985		71,942			100.0	%		1,519				21.11				Key Food Marketplace		T.J.Maxx
327			Village Square Shopping Center		Larchmont		NY		New York-Newark-Jersey City, NY-NJ-PA		1981		17,000			100.0	%		586				34.45				Trader Joe's		—
328			Falcaro's Plaza		Lawrence		NY		New York-Newark-Jersey City, NY-NJ-PA		1972		61,118			98.1	%		1,273				21.23				—		Advance Auto Parts
329			Shops at Seneca Mall		Liverpool		NY		Syracuse, NY		2005		230,924			66.7	%		684				4.44				—		Big Lots, Kmart		Raymour & Flanigan
330			A & P Mamaroneck		Mamaroneck		NY		New York-Newark-Jersey City, NY-NJ-PA		1976		24,978			100.0	%		177				7.09				A&P		—
331			Sunshine Square		Medford		NY		New York-Newark-Jersey City, NY-NJ-PA		2007		223,322			88.4	%		2,726				20.61				Super Stop & Shop (Ahold)		Planet Fitness
332			Wallkill Plaza		Middletown		NY		New York-Newark-Jersey City, NY-NJ-PA		2012		209,960			87.6	%		1,896				10.66				—		Ashley Furniture, Big Lots, Hobby Lobby
333			Monroe ShopRite Plaza		Monroe		NY		New York-Newark-Jersey City, NY-NJ-PA		1985		122,007			100.0	%		1,874				15.36				ShopRite		Retro Fitness, Rite Aid, U.S. Post Office
334			Rockland Plaza		Nanuet		NY		New York-Newark-Jersey City, NY-NJ-PA		2006		251,537			96.3	%		6,382				26.36				A Matter of Health		Barnes & Noble, Lemon Pop, Marshalls, Modell's Sporting Goods, Petco
335			North Ridge Shopping Center		New Rochelle		NY		New York-Newark-Jersey City, NY-NJ-PA		1971		31,870			100.0	%		1,194				37.46				—		Harmon Discount
336			Nesconset Shopping Center		Port Jefferson Station		NY		New York-Newark-Jersey City, NY-NJ-PA		2012		122,996			97.9	%		2,466				20.48				—		Dollar Tree, HomeGoods
337			Port Washington		Port Washington		NY		New York-Newark-Jersey City, NY-NJ-PA		1968		19,600			100.0	%		112				5.69				North Shore Farms		—
338			Roanoke Plaza		Riverhead		NY		New York-Newark-Jersey City, NY-NJ-PA		2002		99,131			100.0	%		1,773				17.88				Best Yet Market		CVS, T.J.Maxx
339			Rockville Centre		Rockville Centre		NY		New York-Newark-Jersey City, NY-NJ-PA		1975		44,131			94.3	%		1,088				26.14				—		HomeGoods, Rite Aid
340			Mohawk Acres Plaza		Rome		NY		Utica-Rome, NY		2005		156,680			89.2	%		1,472				21.11				Price Chopper		—
341			College Plaza		Selden		NY		New York-Newark-Jersey City, NY-NJ-PA		2015		180,182			97.8	%		2,900				16.89				ShopRite		A.C. Moore, Blink Fitness (Equinox), Bob's Stores
342			Campus Plaza		Vestal		NY		Binghamton, NY		2003		160,744			96.8	%		1,696				10.89				—		Olum's Furniture & Appliances, Rite Aid, Staples
343			Parkway Plaza		Vestal		NY		Binghamton, NY		2012		204,954			100.0	%		2,119				10.34				PriceRite (ShopRite)		Bed Bath & Beyond, Kohl's, PetSmart		Target
344			Shoppes at Vestal		Vestal		NY		Binghamton, NY		2000		92,328			100.0	%		1,392				15.07				—		HomeGoods, Michaels, Old Navy
345			Town Square Mall		Vestal		NY		Binghamton, NY		2012		293,181			99.4	%		4,646				15.95				Sam's Club*, Walmart Supercenter*		A.C. Moore, Barnes & Noble, Dick's Sporting Goods, DSW, Lowes Cinemas, T.J.Maxx, Ulta
346			The Plaza at Salmon Run		Watertown		NY		Watertown-Fort Drum, NY		1993		68,761			100.0	%		690				10.03				Hannaford Bros. (Delhaize)		Lowes, Pier 1 Imports
347			Highridge Plaza		Yonkers		NY		New York-Newark-Jersey City, NY-NJ-PA		1977		88,501			95.6	%		1,812				21.42				Pathmark (A&P)		—
348			Brunswick Town Center		Brunswick		OH		Cleveland-Elyria, OH		2004		138,407			96.3	%		1,860				42.76				Giant Eagle		—		The Home Depot

Supplemental Disclosure - Three Months Ended September 30, 2015 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
349			30th Street Plaza		Canton		OH		Canton-Massillon, OH		1999		157,055			87.6	%		1,475				10.72				Giant Eagle, Marc's		—
350			Brentwood Plaza		Cincinnati		OH		Cincinnati, OH-KY-IN		2004		225,774			87.9	%		2,151				17.69				Kroger		Petco, Planet Fitness
351			Delhi Shopping Center		Cincinnati		OH		Cincinnati, OH-KY-IN		2012		164,750			98.7	%		1,445				9.08				Kroger		Pet Supplies Plus
352			Harpers Station		Cincinnati		OH		Cincinnati, OH-KY-IN		2015		244,208			99.5	%		3,416				14.06				Fresh Thyme Farmers Market		HomeGoods, LA Fitness, Pet Supplies Plus, Stein Mart, T.J.Maxx
353			Western Hills Plaza		Cincinnati		OH		Cincinnati, OH-KY-IN		2011		314,754			99.6	%		3,803				12.47				—		Bed Bath & Beyond, Michaels, Sears, Staples, T.J.Maxx		Target
354			Western Village		Cincinnati		OH		Cincinnati, OH-KY-IN		2005		115,116			100.0	%		1,137				29.55				Kroger		—
355			Crown Point		Columbus		OH		Columbus, OH		2015		144,931			95.9	%		1,365				10.04				Kroger		Dollar Tree, Planet Fitness
356			Greentree Shopping Center		Columbus		OH		Columbus, OH		2005		130,773			84.8	%		1,104				10.73				Kroger		—
357			Brandt Pike Place		Dayton		OH		Dayton, OH		2008		17,900			100.0	%		178				9.93				Kroger*		—
358			South Towne Centre		Dayton		OH		Dayton, OH		2013		331,838			98.6	%		4,165				13.65				Health Foods Unlimited		Burlington Stores, Christmas Tree Shops, Jo-Ann Fabric & Craft Stores, Party City, Petsmart, Value City Furniture
359			The Vineyards		Eastlake		OH		Cleveland-Elyria, OH		1989		144,820			90.2	%		749				5.74				Valu King**		Dollar Tree, Harbor Freight Tools		Walmart
360			Midway Market Square		Elyria		OH		Cleveland-Elyria, OH		2014		224,329			88.8	%		2,035				10.21				Giant Eagle		Dick's Sporting Goods, Jo-Ann Fabric & Craft Stores		Target, The Home Depot
361			Southland Shopping Center		Middleburg Heights		OH		Cleveland-Elyria, OH		2013		695,719			94.5	%		6,432				9.80				BJ's Wholesale Club, Giant Eagle, Marc's		Burlington Stores, Cleveland Furniture Bank, Jo-Ann Fabric & Craft Stores, Marshalls, Party City, Petco
362			Tops Plaza		North Olmsted		OH		Cleveland-Elyria, OH		2002		70,003			98.2	%		1,035				15.07				—		Ollie's Bargain Outlet, Sears Outlet
363			Tops Plaza		North Ridgeville		OH		Cleveland-Elyria, OH		2002		57,857			97.9	%		845				14.92				—		Pat Catan's Craft Centers
364			Surrey Square Mall		Norwood		OH		Cincinnati, OH-KY-IN		2010		173,242			95.5	%		2,052				25.28				Kroger		Marshalls
365			Market Place		Piqua		OH		Dayton, OH		2012		182,824			93.0	%		683				7.12				Kroger		Roses
366			Brice Park		Reynoldsburg		OH		Columbus, OH		1989		158,565			82.6	%		1,155				9.67				—		Ashley Furniture, Citi Trends, Michaels
367			Streetsboro Crossing		Streetsboro		OH		Akron, OH		2002		89,436			100.0	%		708				7.91				Giant Eagle		—		Lowe's
368			Miracle Mile Shopping Plaza		Toledo		OH		Toledo, OH		1955		318,174			66.3	%		1,339				12.77				Kroger		Big Lots, Harbor Freight Tools
369			Southland Shopping Plaza		Toledo		OH		Toledo, OH		1988		290,892			84.1	%		1,496				6.11				Kroger		Big Lots, Planet Fitness, Shopper's World
370			Wadsworth Crossings		Wadsworth		OH		Cleveland-Elyria, OH		2005		115,066			94.0	%		1,800				16.65				—		Bed Bath & Beyond, MC Sports, OfficeMax, Petco		Kohl's, Lowe's, Target
371			Northgate Plaza		Westerville		OH		Columbus, OH		2008		15,219			100.0	%		246				16.16				Kroger*		—		The Home Depot
372			Marketplace		Tulsa		OK		Tulsa, OK		1992		186,851			100.0	%		1,765				9.45				—		Conn's, Drysdales, PetSmart		Best Buy, JC Penney Home Store
373			Village West		Allentown		PA		Allentown-Bethlehem-Easton, PA-NJ		1999		140,474			97.8	%		2,499				34.60				Giant Food (Ahold)		CVS
374			Park Hills Plaza		Altoona		PA		Altoona, PA		1985		278,586			96.4	%		2,276				8.47				Weis Markets		A.C. Moore, Dunham's Sports, Petco, Shoe Carnival, Toys"R"Us
375			Bensalem Square		Bensalem		PA		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		1986		70,378			100.0	%		786				11.17				Redner's Warehouse Market		—
376			Bethel Park Shopping Center		Bethel Park		PA		Pittsburgh, PA		2015		199,079			100.0	%		1,475				8.21				Giant Eagle		Walmart
377			Bethlehem Square		Bethlehem		PA		Allentown-Bethlehem-Easton, PA-NJ		1994		389,450			100.0	%		3,843				14.87				Giant Food (Ahold)		T.J.Maxx, The Home Depot, Walmart
378			Lehigh Shopping Center		Bethlehem		PA		Allentown-Bethlehem-Easton, PA-NJ		2013		378,358			99.1	%		3,414				11.36				Giant Food (Ahold)		Big Lots, Mega Marshalls, PetSmart, Rite Aid, Staples, Wells Fargo
379			Town Plaza		Boyertown		PA		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		2015		83,229			97.1	%		781				9.67				—		Advance Auto Parts, Big Lots, CVS, Tractor Supply
380			Bristol Park		Bristol		PA		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		2013		283,153			98.0	%		2,392				8.62				Walmart Supercenter		—
381			Chalfont Village Shopping Center		Chalfont		PA		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		1989		46,051			82.4	%		453				11.94				Bottom Dollar**		—
382			New Britain Village Square		Chalfont		PA		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		1989		143,716			95.4	%		2,359				17.20				Giant Food (Ahold)		Tuesday Morning
383			Collegeville Shopping Center		Collegeville		PA		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		2004		110,696			49.9	%		821				14.86				—		Pep Boys, Rascal Fitness
384			Whitemarsh Shopping Center		Conshohocken		PA		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		2002		67,476			100.0	%		1,410				20.90				Giant Food (Ahold)		Wine & Spirits Shoppe
385			Valley Fair		Devon		PA		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		2001		105,086			100.0	%		1,090				10.37				—		Chuck E. Cheese's, Mealey's Furniture
386			Dickson City Crossings		Dickson City		PA		Scranton--Wilkes-Barre--Hazleton, PA		1997		302,929			100.0	%		3,187				16.00				—		Dick's Sporting Goods, hhgregg, Party City, PetSmart, T.J.Maxx, The Home Depot
387			Dillsburg Shopping Center		Dillsburg		PA		York-Hanover, PA		2014		153,088			100.0	%		1,977				13.16				Giant Food (Ahold)		Rite Aid, Tractor Supply Co.
388			Barn Plaza		Doylestown		PA		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		2002		237,681			100.0	%		3,361				14.14				—		Kohl's, Marshalls, Regal Cinemas
389			Pilgrim Gardens		Drexel Hill		PA		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		2014		75,223			97.1	%		1,184				16.21				—		Dollar Tree, Ross Dress for Less
390			Gilbertsville Shopping Center		Gilbertsville		PA		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		2002		85,576			91.9	%		699				8.89				Weis Markets		—
391			Mount Carmel Plaza		Glenside		PA		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		1975		14,504			94.1	%		183				13.40				—		SGS Paper
392			Kline Plaza		Harrisburg		PA		Harrisburg-Carlisle, PA		1952		214,628			89.0	%		1,774				9.29				Giant Food (Ahold)		Citi Trends, The Dept. of Health
393			New Garden Center		Kennett Square		PA		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		2012		145,170			95.7	%		977				7.19				—		Big Lots, Ollie's Bargain Outlet
394			Stone Mill Plaza		Lancaster		PA		Lancaster, PA		2008		106,736			99.3	%		1,304				12.30				Giant Food (Ahold)		—
395			Woodbourne Square		Langhorne		PA		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		1984		29,821			100.0	%		639				21.43				—		—
396			North Penn Market Place		Lansdale		PA		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		1977		58,358			80.2	%		911				21.08				Weis Markets*		—
397			New Holland Shopping Center		New Holland		PA		Lancaster, PA		1995		65,878			95.2	%		499				7.96				Grocery Outlet		Family Dollar
398			Village at Newtown		Newtown		PA		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		1989		177,185			86.9	%		3,919				25.46				McCaffrey's		Pier 1 Imports

Supplemental Disclosure - Three Months Ended September 30, 2015 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
399			Cherry Square		Northampton		PA		Allentown-Bethlehem-Easton, PA-NJ		1989		75,005			86.0	%		646				10.02				Redner's Warehouse Market		—
400			Ivyridge		Philadelphia		PA		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		2006		107,318			93.8	%		2,210				21.96				SuperFresh (A&P)		—
401			Roosevelt Mall		Philadelphia		PA		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		2011		561,890			98.0	%		7,768				33.35				—		Macy's, Modell's Sporting Goods, Ross Dress For Less
402			Shoppes at Valley Forge		Phoenixville		PA		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		2003		176,676			99.3	%		1,356				7.73				Redner's Warehouse Market		French Creek Outfitters, Staples
403			Plymouth Plaza		Plymouth Meeting		PA		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		1994		32,404			42.5	%		491				35.64				—		Premier Urgent Care, TD Bank
404			County Line Plaza		Souderton		PA		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		2013		154,758			91.6	%		1,467				10.78				ALDI**		Planet Fitness, Rite Aid, VF Outlet
405			69th Street Plaza		Upper Darby		PA		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		1994		41,711			100.0	%		431				10.33				Pathmark (A&P)*		EZ Bargains, Rent-A-Center, Super Dollar City
406			Warminster Towne Center		Warminster		PA		Philadelphia-Camden-Wilmington, PA-NJ-DE-MD		1997		237,152			100.0	%		3,424				15.66				ShopRite		A.C. Moore, Kohls, Modell's Sporting Goods, Old Navy, Party City, PetSmart, Ross Dress for Less
407			Shops at Prospect		West Hempfield		PA		Lancaster, PA		1994		63,392			100.0	%		736				11.61				Musser's Markets		Hallmark		Kmart
408			Whitehall Square		Whitehall		PA		Allentown-Bethlehem-Easton, PA-NJ		2006		315,192			98.7	%		3,426				11.02				Redner's Warehouse Market		Mealey's Furniture, PetSmart, Ross Dress for Less, Sports Authority, Staples
409			Wilkes-Barre Township Marketplace		Wilkes-Barre		PA		Scranton--Wilkes-Barre--Hazleton, PA		2004		307,610			97.9	%		2,165				30.73				Walmart Supercenter		Party City, Shoe Carnival
410			Hunt River Commons		North Kingstown		RI		Providence-Warwick, RI-MA		1989		148,126			100.0	%		1,584				10.69				Super Stop & Shop (Ahold)		Marshalls, Ocean State Job Lot, Planet Fitness
411			Belfair Towne Village		Bluffton		SC		Hilton Head Island-Bluffton-Beaufort, SC		2006		162,548			91.7	%		2,071				13.89				Kroger		Stein Mart
412			Milestone Plaza		Greenville		SC		Greenville-Anderson-Mauldin, SC		1995		89,721			100.0	%		1,490				16.60				BI-LO (Southeastern Grocers)		—
413			Circle Center		Hilton Head		SC		Hilton Head Island-Bluffton-Beaufort, SC		2000		65,213			97.3	%		786				12.38				BI-LO (Southeastern Grocers)		—
414			Island Plaza		James Island		SC		Charleston-North Charleston, SC		2004		171,224			81.1	%		1,025				7.74				Food Lion		Dollar Tree, Gold's Gym
415			Festival Centre		North Charleston		SC		Charleston-North Charleston, SC		2015		325,347			76.7	%		2,038				8.28				—		Gold's Gym, Intercontinental Hotels Group, New Spring Church, Sears Outlet
416			Remount Village Shopping Center		North Charleston		SC		Charleston-North Charleston, SC		1996		60,238			82.0	%		458				9.28				BI-LO (Southeastern Grocers)		—
417			Fairview Corners I & II		Simpsonville		SC		Greenville-Anderson-Mauldin, SC		2003		131,002			98.2	%		1,849				14.37				—		Ross Dress for Less, T.J.Maxx		Target
418			Hillcrest Market Place		Spartanburg		SC		Spartanburg, SC		2012		357,051			85.1	%		3,258				11.31				Publix		Marshalls, NCG Cinemas, Office Depot, Petco, Ross Dress for Less, Stein Mart
419			Shoppes at Hickory Hollow		Antioch		TN		Nashville-Davidson--Murfreesboro--Franklin, TN		1986		144,469			84.9	%		1,363				11.12				Kroger		Citi Trends
420			Congress Crossing		Athens		TN		Athens, TN		2012		180,305			97.6	%		1,451				8.25				—		Dunham's Sports, Kmart
421			East Ridge Crossing		Chattanooga		TN		Chattanooga, TN-GA		1999		58,950			88.8	%		593				11.33				Food Lion		—
422			Watson Glen Shopping Center		Franklin		TN		Nashville-Davidson--Murfreesboro--Franklin, TN		2015		265,027			97.5	%		2,416				9.44				ALDI		At Home, Big Lots, Franklin Athletic Club, Trees n Trends
423			Williamson Square		Franklin		TN		Nashville-Davidson--Murfreesboro--Franklin, TN		2015		331,386			96.1	%		3,037				9.54				—		Grace Church Nashville, Hard Knocks, Hobby Lobby, Planet Fitness, Skyzone, USA Baby
424			Greensboro Village		Gallatin		TN		Nashville-Davidson--Murfreesboro--Franklin, TN		2005		70,203			97.7	%		980				14.29				Publix		—
425			Greeneville Commons		Greeneville		TN		Greeneville, TN		2002		228,618			95.5	%		1,574				12.17				—		Belk, Burkes Outlet, JC Penney, Kmart
426			Oakwood Commons		Hermitage		TN		Nashville-Davidson--Murfreesboro--Franklin, TN		2015		266,720			92.2	%		2,677				11.29				Publix		Bed Bath & Beyond, Goody’s, PetSmart, Ross Dress for Less
427			Kimball Crossing		Kimball		TN		Chattanooga, TN-GA		2007		280,476			96.8	%		1,815				7.37				Walmart Supercenter		Goody's		Lowe's
428			Kingston Overlook		Knoxville		TN		Knoxville, TN		2015		122,536			100.0	%		1,191				9.98				—		Babies"R"Us, Michaels, Sears Outlet
429			Farrar Place		Manchester		TN		Tullahoma-Manchester, TN		1989		43,220			79.9	%		307				8.89				Food Lion		—
430			The Commons at Wolfcreek		Memphis		TN		Memphis, TN-MS-AR		2015		658,778			90.1	%		7,412				12.71				—		Academy Sports + Outdoors, Best Buy, Big Lots, DSW, hhgregg, Office Depot, PetSmart, Sports Authority, T.J.Maxx, Value City Furniture		Target, The Home Depot, Toys"R"Us
431			Georgetown Square		Murfreesboro		TN		Nashville-Davidson--Murfreesboro--Franklin, TN		2003		115,062			88.2	%		1,158				11.41				Kroger		Aaron's
432			Nashboro Village		Nashville		TN		Nashville-Davidson--Murfreesboro--Franklin, TN		1998		86,811			98.2	%		1,001				11.75				Kroger		—		Walgreens
433			Commerce Central		Tullahoma		TN		Tullahoma-Manchester, TN		1995		182,401			98.3	%		1,241				6.92				Walmart Supercenter		Dollar Tree
434			Merchant's Central		Winchester		TN		Tullahoma-Manchester, TN		1997		208,123			93.6	%		1,157				5.94				Walmart Supercenter		Goody's
435			Palm Plaza		Aransas		TX		Corpus Christi, TX		2002		50,700			82.2	%		275				8.17				—		Bealls (Stage Stores), Family Dollar
436			Bardin Place Center		Arlington		TX		Dallas-Fort Worth-Arlington, TX		2015		420,550			98.8	%		3,932				9.47				WinCo Foods		Hemispheres, Hobby Lobby, Ross Dress for Less
437			Parmer Crossing		Austin		TX		Austin-Round Rock, TX		2015		168,112			83.7	%		1,553				11.04				—		Big Lots, Dollar Tree, Harbor Freight Tools, Mega Furniture		Fry's Electronics
438			Baytown Shopping Center		Baytown		TX		Houston-The Woodlands-Sugar Land, TX		1987		95,941			84.3	%		859				10.62				—		24 Hour Fitness
439			Cedar Bellaire		Bellaire		TX		Houston-The Woodlands-Sugar Land, TX		1994		50,967			100.0	%		701				13.75				H-E-B		—
440			El Camino		Bellaire		TX		Houston-The Woodlands-Sugar Land, TX		2008		71,575			98.4	%		607				8.62				El Ahorro Supermarket		Family Dollar, Hancock Fabrics
441			Bryan Square		Bryan		TX		College Station-Bryan, TX		2008		59,029			100.0	%		340				6.71				—		99 Cents Only, Citi Trends, Dollar Floor Store, Firestone
442			Townshire		Bryan		TX		College Station-Bryan, TX		2002		136,887			91.2	%		960				15.67				Walmart Neighborhood Market		Tops Printing
443			Plantation Plaza		Clute		TX		Houston-The Woodlands-Sugar Land, TX		1997		99,141			99.0	%		823				8.56				Kroger		Walgreens
444			Central Station		College Station		TX		College Station-Bryan, TX		2012		176,847			86.6	%		2,325				15.59				—		OfficeMax, Spec's Liquors		Kohl's
445			Rock Prairie Crossing		College Station		TX		College Station-Bryan, TX		2002		119,000			96.2	%		1,224				25.27				Kroger		CVS
446			Carmel Village		Corpus Christi		TX		Corpus Christi, TX		1993		85,633			76.7	%		626				9.53				—		Bay Area Dialysis, Bealls (Stage Stores), Tuesday Morning

Supplemental Disclosure - Three Months Ended September 30, 2015 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
447			Five Points		Corpus Christi		TX		Corpus Christi, TX		2014		276,593			87.1	%		2,975				12.57				—		Bealls (Stage Stores), Burkes Outlet, Hobby Lobby, Party City, Ross Dress for Less
448			Claremont Village		Dallas		TX		Dallas-Fort Worth-Arlington, TX		1976		67,305			94.6	%		510				8.15				Minyard Food Stores		Family Dollar
449			Jeff Davis		Dallas		TX		Dallas-Fort Worth-Arlington, TX		1975		68,962			79.8	%		549				9.97				Save-A-Lot (Supervalu)		Family Dollar
450			Stevens Park Village		Dallas		TX		Dallas-Fort Worth-Arlington, TX		1974		45,492			100.0	%		436				9.59				—		Big Lots, O'Reilly Auto Parts
451			Webb Royal Plaza		Dallas		TX		Dallas-Fort Worth-Arlington, TX		2015		108,545			91.5	%		822				9.71				El Rio Grande Latin Market		Family Dollar
452			Wynnewood Village		Dallas		TX		Dallas-Fort Worth-Arlington, TX		2006		443,681			88.2	%		4,120				10.66				Kroger		Fallas Paredes, Gen X Clothing, Ross Dress for Less
453			Parktown		Deer Park		TX		Houston-The Woodlands-Sugar Land, TX		1999		121,388			91.2	%		918				8.31				Food Town		Burkes Outlet, Walgreens
454			Kenworthy Crossing		El Paso		TX		El Paso, TX		2003		74,393			96.4	%		712				9.93				Albertsons		—
455			Preston Ridge		Frisco		TX		Dallas-Fort Worth-Arlington, TX		2015		780,595			96.6	%		13,881				18.81				SuperTarget*		Best Buy, Big Lots, DSW, Marshalls, Old Navy, Ross Dress for Less, Saks OFF Fifth, Sheplers, Stein Mart, T.J.Maxx
456			Forest Hills Village		Ft. Worth		TX		Dallas-Fort Worth-Arlington, TX		1968		69,651			100.0	%		386				5.54				Foodland Markets		Family Dollar, Hi Style Fashion
457			Ridglea Plaza		Ft. Worth		TX		Dallas-Fort Worth-Arlington, TX		1990		170,519			100.0	%		1,934				11.68				Tom Thumb (Safeway)		Stein Mart
458			Trinity Commons		Ft. Worth		TX		Dallas-Fort Worth-Arlington, TX		1998		197,423			100.0	%		3,807				19.29				Tom Thumb (Safeway)		DSW
459			Village Plaza		Garland		TX		Dallas-Fort Worth-Arlington, TX		2002		89,241			100.0	%		1,001				11.21				Truong Nguyen Grocer		—
460			North Hills Village		Haltom City		TX		Dallas-Fort Worth-Arlington, TX		1998		43,299			93.2	%		292				7.23				Save-A-Lot		Dollar Tree, Rent-A-Center
461			Highland Village Town Center		Highland Village		TX		Dallas-Fort Worth-Arlington, TX		1996		99,341			91.4	%		979				10.77				Kroger		—
462			Bay Forest		Houston		TX		Houston-The Woodlands-Sugar Land, TX		2004		71,667			98.3	%		744				10.56				Kroger		—
463			Beltway South		Houston		TX		Houston-The Woodlands-Sugar Land, TX		1998		107,174			97.0	%		955				28.21				Kroger		—
464			Braes Heights		Houston		TX		Houston-The Woodlands-Sugar Land, TX		2003		101,002			100.0	%		1,948				19.29				—		CVS, Imagination Toys, I W Marks Jewelers
465			Braes Link		Houston		TX		Houston-The Woodlands-Sugar Land, TX		1999		38,997			100.0	%		662				16.98				—		Walgreens
466			Braes Oaks Center		Houston		TX		Houston-The Woodlands-Sugar Land, TX		1992		45,067			89.1	%		402				10.01				H-E-B		—
467			Braesgate		Houston		TX		Houston-The Woodlands-Sugar Land, TX		1997		91,382			93.7	%		550				6.42				Food Town		—
468			Broadway		Houston		TX		Houston-The Woodlands-Sugar Land, TX		2006		76,142			100.0	%		774				10.59				El Ahorro Supermarket		Fallas Paredes, Melrose Fashions
469			Clear Lake Camino South		Houston		TX		Houston-The Woodlands-Sugar Land, TX		2004		102,643			90.0	%		1,391				16.15				—		24 Hour Fitness, Hancock Fabrics, Mr. Gatti's Pizza, Spec's Liquors
470			Hearthstone Corners		Houston		TX		Houston-The Woodlands-Sugar Land, TX		1998		208,147			98.1	%		1,966				9.63				Kroger		Big Lots, Stein Mart
471			Inwood Forest		Houston		TX		Houston-The Woodlands-Sugar Land, TX		1997		77,553			98.1	%		694				9.16				Foodarama		—
472			Jester Village		Houston		TX		Houston-The Woodlands-Sugar Land, TX		1988		64,285			75.1	%		467				9.67				H-E-B		—
473			Jones Plaza		Houston		TX		Houston-The Woodlands-Sugar Land, TX		2000		111,206			40.0	%		484				11.31				—		Hancock Fabrics
474			Jones Square		Houston		TX		Houston-The Woodlands-Sugar Land, TX		1999		169,003			98.7	%		1,299				7.89				—		Big Lots, Hobby Lobby
475			Maplewood Mall		Houston		TX		Houston-The Woodlands-Sugar Land, TX		2004		94,871			97.8	%		773				8.34				Foodarama		Burke's Outlet
476			Merchants Park		Houston		TX		Houston-The Woodlands-Sugar Land, TX		2009		243,798			100.0	%		3,294				13.51				Kroger		Big Lots, Petco, Ross Dress for Less, Tuesday Morning
477			Northgate		Houston		TX		Houston-The Woodlands-Sugar Land, TX		1972		40,244			100.0	%		315				7.84				—		Affordable Furniture, Firestone, Lumber Liquidators, TitleMax
478			Northshore		Houston		TX		Houston-The Woodlands-Sugar Land, TX		2001		230,779			93.9	%		2,716				12.74				Sellers Bros.		Conn's, Office Depot
479			Northtown Plaza		Houston		TX		Houston-The Woodlands-Sugar Land, TX		1990		190,622			96.6	%		2,135				11.75				—		99 Cents Only, CVS, Fallas Paredes
480			Northwood Plaza		Houston		TX		Houston-The Woodlands-Sugar Land, TX		1972		136,747			96.0	%		1,353				10.47				Food City		—
481			Orange Grove		Houston		TX		Houston-The Woodlands-Sugar Land, TX		2005		189,201			95.0	%		1,772				10.01				—		24 Hour Fitness, FAMSA, Floor & Décor
482			Pinemont Shopping Center		Houston		TX		Houston-The Woodlands-Sugar Land, TX		1999		73,577			92.9	%		880				13.19				—		Family Dollar, Houston Community College
483			Royal Oaks Village		Houston		TX		Houston-The Woodlands-Sugar Land, TX		2001		145,229			95.5	%		3,032				21.86				H-E-B		—
484			Tanglewilde Center		Houston		TX		Houston-The Woodlands-Sugar Land, TX		1998		82,565			100.0	%		1,114				13.61				—		Ace Hardware, Dollar Tree, Party City, Salon In The Park
485			Westheimer Commons		Houston		TX		Houston-The Woodlands-Sugar Land, TX		2012		242,409			91.9	%		2,043				9.17				Fiesta Mart		Marshalls
486			Fry Road Crossing		Katy		TX		Houston-The Woodlands-Sugar Land, TX		2005		237,340			100.0	%		2,367				10.06				Kroger		Hobby Lobby, Palais Royal, Stein Mart
487			Washington Square		Kaufman		TX		Dallas-Fort Worth-Arlington, TX		1978		64,230			82.7	%		304				5.72				—		AutoZone, Bealls (Stage Stores), Family Dollar
488			Jefferson Park		Mount Pleasant		TX		Mount Pleasant, TX		2001		132,096			71.9	%		647				6.96				Super 1 Foods		—
489			Winwood Town Center		Odessa		TX		Odessa, TX		2002		365,559			100.0	%		2,765				12.10				H-E-B		Hastings, Office Depot, Ross Dress for Less, Target
490			Crossroads Centre - Pasadena		Pasadena		TX		Houston-The Woodlands-Sugar Land, TX		1997		134,006			93.2	%		1,466				12.64				Kroger		Sears Hardware
491			Spencer Square		Pasadena		TX		Houston-The Woodlands-Sugar Land, TX		1998		194,470			85.4	%		1,987				11.97				Kroger		Burkes Outlet
492			Pearland Plaza		Pearland		TX		Houston-The Woodlands-Sugar Land, TX		1995		156,491			84.2	%		1,127				8.56				Kroger		Walgreens
493			Market Plaza		Plano		TX		Dallas-Fort Worth-Arlington, TX		2002		168,137			71.0	%		2,730				23.97				Central Market (H-E-B)		—
494			Preston Park		Plano		TX		Dallas-Fort Worth-Arlington, TX		1985		239,039			88.4	%		5,488				25.98				Minyard Sun Fresh Market		—
495			Northshore Plaza		Portland		TX		Corpus Christi, TX		2000		152,144			93.1	%		910				13.56				H-E-B		Bealls (Stage Stores)		Kmart
496			Klein Square		Spring		TX		Houston-The Woodlands-Sugar Land, TX		1999		80,636			98.8	%		860				10.79				Food Town		Family Dollar, Unleashed (Petco)
497			Keegan's Meadow		Stafford		TX		Houston-The Woodlands-Sugar Land, TX		1999		125,491			94.7	%		1,223				10.62				Randalls (Safeway)		Palais Royal

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 48

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
498			Texas City Bay		Texas City		TX		Houston-The Woodlands-Sugar Land, TX		2005		223,152			98.5	%		2,010				9.18				Kroger		BP Engineering Facility
499			Windvale Center		The Woodlands		TX		Houston-The Woodlands-Sugar Land, TX		2002		101,088			91.3	%		1,002				28.28				Randalls (Safeway)		—
500			The Centre at Navarro		Victoria		TX		Victoria, TX		2005		47,960			96.9	%		716				15.42				—		Hastings, Walgreens
501			Spradlin Farm		Christiansburg		VA		Blacksburg-Christiansburg-Radford, VA		2000		180,220			99.4	%		2,561				14.54				—		Barnes & Noble, Big Lots, Michaels, T.J.Maxx		Target, The Home Depot
502			Culpeper Town Square		Culpeper		VA		Washington-Arlington-Alexandria, DC-VA-MD-WV		1999		132,882			94.2	%		1,067				8.52				Food Lion		Mountain Run Bowling, Tractor Supply Co.
503			Hanover Square		Mechanicsville		VA		Richmond, VA		1991		129,887			95.6	%		1,616				13.01				Martin's Food (Ahold)		Gold's Gym		Kohl's
504			Jefferson Green		Newport News		VA		Virginia Beach-Norfolk-Newport News, VA-NC		1988		54,945			98.6	%		874				16.14				—		Destination XL, Once Upon a Child, Tuesday Morning
505			Tuckernuck Square		Richmond		VA		Richmond, VA		1994		86,010			48.9	%		845				20.09				—		Chuck E. Cheese's
506			Cave Spring Corners		Roanoke		VA		Roanoke, VA		2005		147,133			91.4	%		956				12.64				Kroger		Hamrick's
507			Hunting Hills		Roanoke		VA		Roanoke, VA		2014		166,207			94.6	%		1,318				8.39				—		Kohl's, PetSmart
508			Valley Commons		Salem		VA		Roanoke, VA		1988		45,580			20.4	%		89				9.54				—		—
509			Lake Drive Plaza		Vinton		VA		Roanoke, VA		2008		163,090			98.8	%		1,210				7.51				Kroger		Big Lots, Goodwill
510			Hilltop Plaza		Virginia Beach		VA		Virginia Beach-Norfolk-Newport News, VA-NC		2010		150,300			91.5	%		2,569				18.88				Trader Joe's		Jo-Ann Fabric & Craft Stores, Kirkland’s, Office Depot, PetSmart
511			Ridgeview Centre		Wise		VA		Big Stone Gap, VA		2015		190,242			56.1	%		814				7.63				—		Grand Home Furnishings, Ollie's Bargain Outlet		Belk
512			Rutland Plaza		Rutland		VT		Rutland, VT		1997		224,514			98.2	%		1,912				8.67				Price Chopper		Flagship Cinemas, T.J.Maxx, Walmart
513			Fitchburg Ridge Shopping Center		Fitchburg		WI		Madison, WI		2003		50,555			77.7	%		459				11.74				—		Wisconsin Dialysis
514			Spring Mall		Greenfield		WI		Milwaukee-Waukesha-West Allis, WI		2003		188,861			83.5	%		1,179				7.48				Pick 'N Save (Roundy's)**		T.J.Maxx
515			Mequon Pavilions		Mequon		WI		Milwaukee-Waukesha-West Allis, WI		2015		219,541			89.0	%		3,039				15.56				Sendik's Food Market		Bed Bath & Beyond, DSW, Marshalls
516			Moorland Square Shopping Ctr		New Berlin		WI		Milwaukee-Waukesha-West Allis, WI		1990		98,303			95.0	%		878				9.40				Pick 'n Save (Roundy's)		—		Walmart
517			Paradise Pavilion		West Bend		WI		Milwaukee-Waukesha-West Allis, WI		2000		203,630			98.4	%		1,469				7.33				—		Hobby Lobby, Kohl's		ShopKo
518			Moundsville Plaza		Moundsville		WV		Wheeling, WV-OH		2004		176,156			95.6	%		1,202				7.14				Kroger		Big Lots, Dunham's Sports, Peebles
519			Grand Central Plaza		Parkersburg		WV		Parkersburg-Vienna, WV		1986		75,344			100.0	%		801				10.63				—		Office Depot, O'Reilly Auto Parts, T.J.Maxx
			TOTAL PORTFOLIO										86,696,827			92.6	%		$	939,293			$	12.68
(1) * Indicates grocer is not owned. ** Indicates grocer is dark and paying.

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 49

GUIDANCE

Supplemental Disclosure

Three Months Ended September 30, 2015

GUIDANCE & ADDITIONAL DISCLOSURES
	GUIDANCE:					3Q Updated Guidance			2Q Previous Guidance
						2015E			2015E
		FFO per common share - diluted				$1.96 - $1.98			$1.94 - $2.00
		Same property NOI				3.5 - 3.7%			3.0 - 3.7%
		Percent leased (at year-end)				92.3 - 92.5%			93.0 - 93.5%
		New and renewal rent growth (cash)				12.0 - 17.0%			12.0 - 17.0%
		Total leasing related capital expenditures				$155 - $175M			$155 - $175M
			Anchor space repositioning and redevelopment related spending			$90 - $105M			$85 - $100M
		General and administrative expenses (1)				$91 - $93M			$89 - $91M
		Interest expense (2)				$258 - $260M			$256 - $265M
		Straight-line rent and above- and below-market rent amortization, net				$59 - $64M			$59 - $64M
	ADDITIONAL DISCLOSURES - as of 9/30/15 (dollars in millions)
		Estimated market value of expansion land and outparcels available				$55
		ABR from leases signed but not yet commenced				$27
			Leases signed but not yet commenced:			Leases			GLA			ABR				ABR/SF
				≥ 10,000 SF		46			1,046,542			$	13,930,013			$	13.31
				< 10,000 SF		213			604,209			13,270,864				21.96
				TOTAL		259			1,650,751			$	27,200,877			$	16.48
(1) Includes non-cash, non-recurring charge related to pre-IPO compensation programs.
(2) Excludes capitalized interest, deferred financing cost amortization and debt premium and discount amortization, net.

Supplemental Disclosure - Three Months Ended September 30, 2015 Page 51