Investor Presentaiton
1st Ring Suburbs of 9 Strategic High-Barrier Markets
PORTFOLIO OVERVIEW
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WASHINGTON, DC
Corporate Headquarters
Regional N. Virginia Office
18 Maryland Properties
18 N. Virginia Properties
1 Washington, DC Property
BOSTON
Regional Office
7 Properties
NEW YORK
15 Properties
PHILADELPHIA
Regional Office
9 Properties
CHICAGO
4 Properties
SILICON VALLEY
Regional Office
102 open-air properties located in 1st ring
suburbs of 9 major high-barrier markets
Drivable markets with public transit
access
102 properties include:
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~3,300 commercial tenants
~26 million commercial square feet on
2,000+ acres of land
-3,100 residential units
Best in class locations (1)
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$152,000 avg household income
178,000 avg population
$10+ billion of average aggregate
income (2)
Highest barriers to entry
8 Properties
SOUTHERN
CALIFORNIA
Regional office
13 Properties
Keys to our Success
PHOENIX
2 Properties
Note: Includes consolidated properties
(1) Source: ESRI as of September 2023. Calculated on a weighted-average basis. 3-mile
radius.
(2) Defined as average household income multiped by number of households. 3-mile
radius.
(3) Physical structures that can be readily modified to highest and best use.
(4) Landlord retains significant control over the properties with minimal tenant
protection. The better the real estate, the more leverage the landlord has.
Dense
Population (1)
178,000 People
Limited Competition
Low Retail GLA per capita
MALLS
Strong Household
Incomes(1)
$152,000 Avg HHI
Flexible Property
Format(3)
MIAMI
4 Properties
High Barriers
to Entry
Strong Landlord
Friendly Leases(4)
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