MARKET DOMINANT ASSETS

All assets in the Portfolio enjoy expansive trade areas, with the closest enclosed regional mall competition ranging from approximately 30+ to 80+ miles from each Property. Notably, all of the assets rank as the number one regional mall within 50 miles. Lindale Mall and Southern Hills Mall rank 2nd and 3rd in Iowa, respectively, while New Towne Mall and Lima Mall rank 2nd and 6th in Ohio, respectively.

HEALTHY OCCUPANCY COSTS

With an average occupancy cost of approximately 9.9%, this implies a very sustainable health ratio and an ability to further grow in-place rents.

EXCELLENT LOCATIONS / ACCESS

Each asset is prominently located and highly visible at the intersection of highly trafficked roadways, providing ease of access throughout their respective trade areas.

VALUE CREATION OPPORTUNITIES

Each Property is at an attractive stage in its leasing cycle, offering a compelling entry point for a new investor to capitalize on a number of actionable value creation opportunities including in-line lease up ability and anchor box repositioning.

BELOW REPLACEMENT COST BASIS

The Portfolio presents new ownership the opportunity to acquire well located and established regional malls below replacement cost. New ownership’s will have ability to implement a successful redevelopment / repositioning strategy, enhanced by a lower basis.

GEOGRAPHIC CONCENTRATION

Located in Iowa (Southern Hills Mall and Lindale Mall) and Ohio (Lima Mall and New Towne Mall), this offering presents a compelling portfolio opportunity to build a presence in the region and achieve significant potential operational efficiencies.