RUSHMORE MALL OVERVIEW N Maple Avenue, Rapid City, SD 57701

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1 RUSHMORE MALL 2200 N Maple Avenue, Rapid City, SD 57701

2 RVADA GERTON PROPERTY GLA 831,040 ANCHORS Herberger s, JCPenney/ 90 Sephora, At Home, Sears, Toys R Us, Hobby Lobby, and Rushmore Cinema 7 KEY RETAILERS Over 70 small shop retailers including Chico s, Buckle, Eddie Bauer, Francesca s Collection, Champs Sports, Torrid, Famous WRIGHT Footwear, Journeys, American Eagle, and Zumiez HULETT SUNDANCE OSAGE EDGEMONT LANCE CREEK MANVILLE FRUITDALE STURGIS KEYSTONE CUSTER 25 MI HOT SPRINGS 50 MI 75 MI 80 WALL KYLE ALLEN PINE RIDGE RUSHVILLE GREEN GRASS LA PLANT TRADE AREA CENTER EAGLE BUTTE INFORMATION LOCATION TRADE AREA = 74.3% of customers Rushmore Mall Rushmore Mall is located in the heart of the Rapid Black City, Hills of SD South Dakota in Rapid City. The property is strategically situated along X COMPETITION I-90 between the North Haines Avenue and North LaCrosse Street 1. Rushmore Mall intersections. MIDLAND Herberger s JCPenney Sears Carmike Cinemas Hobby Lobby Toys R DRAPER Us VIV BELVIDERE OKATON MURDO BY THE NUMBERS 2. Eastridge Mall (Casper, WY) Macy s JCPenney Sears Target Best Buy WHITE RIVER Bed Bath & Beyond WOOD 3. Monument Mall (Scottsbluff, NE) Herberger s PARMELEE 18 MISSION TWO STRIKE RADIUS DEMOS SPRING CREEK Population 5 Mile 126, Mile 20 CODY 132,428 NENZEL KILGORE CROOKSTON 15 Mile 193,779 VALENTIN Households 5 Mile 51, Mile 54, Mile 81,388 ESTERBROOK HEMINGFORD Avg. Household Income 5 Mile $82, Mile $82, Mile $79,550 FORT LARAMIE YODER 26 ALLIANCE Median Age 5 Mile Mile Mile 39.9 MULLEN THEDFOR

3 MARKET 15 THE MARKET Rushmore Mall is the only regional shopping center within 250 miles. The property serves the Rapid City market, second largest in the state, as well as the whole western half of the state. The center s trade area is expansive, reaching 200 miles into Nebraska and 150 miles into Wyoming. EAT 1. Texas Roadhouse 2. Fuji Japanese Steakhouse & Sushi Bar* 3. Olive Garden 4. Red Lobster PLAY 5. AMC Theater Rushmore 6. AMC Theater Rapid City The Ellsworth Air Force Base is located just 10 miles from Rapid City. The base employs over 5,000 military and civilian personnel and contributes 10% of total sales at Rushmore Mall. The Black Hills Corporation and Regional Health are both located nearby employing 2,000 and 5,000 people respectively SHOP 7. Rushmore Crossing* 8. Lowe s, Best Buy, Ashley Furniture HomeStore* 9. Hainesway Shopping Center* STAY 10. Hilton Garden Inn* 11. Ramada 12. Best Western The region is home to the world-famous Mt. Rushmore National Memorial as well as eight national and state parks. The Crazy Horse Memorial is just minutes from Rushmore Mall and attracts over 1.2 million visitors annually. Rushmore Mall hosts numerous bus tours from May through October with tours stopping at the mall for lunch and an afternoon of shopping. The state of South Dakota is home to 23 colleges and universities. 5 OTHER 13. Ellsworth Air Force Base* 14. Black Hills State University* 15. South Dakota School of Mines & Technology *Not Shown

4 PORTFOLIO EVENTS AND ACTIVATIONS We are focused on the unique experience we create at each of our town centers. By providing a mix of things to do and things to buy, our properties deliver the right combination of tenants, activities and events to keep shoppers engaged and returning often. Our centers serve as incubators for new and growing brands that want to test in new markets. Our exclusive ecommerce platform, Tangible, illustrates that retail is no longer defined by four walls. In addition to traditional bricks and mortar, we allow tenants access to our entire portfolio via kiosks, trunk shows, pop-up shops and digital media installations. We support local and curate accordingly. Between concert series, well-being initiatives, common area activations and dynamic programming, our portfolio-wide event cadence creates and drives traffic to our properties. We engage our shoppers in person and online. In addition to property activations, we have broad national reach via our digital and social platforms. BY THE NUMBERS: 300M Annual Guests 700K Subscribers 6.5M s Sent 71% Mobile Users Property Page Views 6.5M New Visitors 1000 Unique Events 189 Social Media Accounts 36.2M Daily Reach on Facebook 655K Facebook Followers M 76K Reviews WEBSITES 43% 5 Star Reviews Note: 2017 Portfolio-Wide Data

5 CONTACT LEASING Mike Zeurcher DEVELOPMENT Hunter Whitten SPECIALTY LEASING Sandy Brockhouse SPONSORSHIP Gerritt Smith WASHINGTONPRIME.COM