plaza A VALUE-ADD GROCERY-ANCHORED SHOPPING CENTER IN SIMI VALLEY, CA

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1 A VALUE-ADD GROCERY-ANCHORED SHOPPING CENTER IN SIMI VALLEY, CA Holliday GP Corp. ( HFF ), a California licensed real estate broker, California License #

2 BARD LAKE WOOD RANCH GOLF CLUB THE OPPORT UNITY HFF, as exclusive advisor, is pleased to present the exceptional opportunity to acquire Mountaingate Plaza (the Property ), a 281,240 SF value-add Grocery and Drug-anchored community shopping center prominently located at the heavily travelled intersection of SINALOA LAKE 1st Street and East Los Angeles Avenue in Simi Valley, California. The Property s current occupancy allows potential investors to capitalize on the existing leasing momentum SINALOA MIDDLE SCHOOL and achieve strong value-add returns. Mountaingate Plaza is located in the most infill location within the trade area, with over 66,000 average daily traffic (ADT) count between both First Street and E. Los Angeles Avenue. P RO P E RT Y S U M M A RY ADDRESS: E. Los Angeles Avenue and First Street Simi Valley, CA RENTABLE BUILDING AREA: 281,240 IN-PLACE OCCUPANCY: ±80% YEAR BUILT: 1963 / Renov / 2002 / 2011 ACRES: AC PARKING: 1,359 Spaces (4.83 : 1,000 SF) 2 ROYAL HIGH SCHOOL (2,000+ STUDENTS)

3 RONALD REAGAN PRESIDENTIAL LIBRARY RONALD REAGAN FWY (105,010 ADT) FIRST STREET (37,000 ADT) E. LOS ANGELES AVENUE (29,000 ADT) DEMOGRAPHICS POPULATION 1-MILE 3-MILE 5-MILE 10-MILE 2023 Projection 11,616 79, , , Estimate 11,258 77, , ,687 Growth % 2.71% 3.06% 2.86% HOUSEHOLD 1-MILE 3-MILE 5-MILE 10-MILE 2023 Projection 3,665 25,389 40, , Estimate 3,556 24,705 39, ,651 Growth % 2.77% 3.00% 2.87% HOUSEHOLD INCOME 1-MILE 3-MILE 5-MILE 10-MILE 2018 Est. Average $117,517 $125,000 $130,388 $146,244

4 INVESTMENT HIGHLIGHTS AFFLUENT COMMUNITY WITH A STRONG POPULATION BASE Average household incomes exceed $125,000 with over 79,000 residents within a 3-mile radius of Mountaingate Plaza, demonstrating the strength of the immediate retail trade area. HIGHLY TRAFFICKED INTERSECTION WITH STRONG FREEWAY ACCESS Mountaingate Plaza is located at one of the top intersections in Simi Valley with over 66,000 cars passing the intersection of Los Angeles Avenue and First Street daily. The Property is also the first retail project at 118 Freeway (over 105,000 cars per day) off ramp at First Street when traveling west in the population center of Simi Valley. GROCERY/DRUG ANCHORED SHOPPING CENTER Mountaingate Plaza is anchored by Valley Marketplace and Rite Aid, enhancing the recession resistant daily needs draw at the Property. 4

5 DRIVE TIMES DESTINATION Downtown Los Angeles Burbank Airport Port Hueneme Los Angeles Int l Airport DRIVE TIME 30 Minutes 30 Minutes 30 Minutes 45 Minutes 5

6 INVESTMENT HIGHLIGHTS (CONTINUED) TRUE VALUE-ADD OPPORTUNITY WITH SIGNIFICANT UPSIDE Mountaingate Plaza is being sold on in-place income, offering investors the opportunity to add significant value via the lease-up of available space. Ownership is currently in final lease discussions with several tenants, which will immediately grow NOI and increase occupancy during the first year of the hold period. Fully stabilizing the Property will continue to enhance income during a typical hold period with conservative underwriting. RITE AID MARK TO MARKET OPPORTUNITY Rite Aid (19,170 SF) is currently paying a NNN equivalent rent of $0.60/SF/ Month due to a legacy lease dating back to Rite Aid s lease expires in May 2019 with one 5-year option remaining, allowing investors to mark Rite Aid s rent to market in 2024 or replace Rite Aid with a superior tenant at a higher rent. LOW ANCHOR RENTS Existing Anchor rents property-wide average $0.76 PSF/Month, offering investors embedded value & downside protection as well as potential upside as leases roll to market. 6

7 PARCELIZATION OPPORTUNITY The Property is situation on eight (8) separate tax parcels, providing investors flexibility to lower their basis or cap arbitrage due to lower cap rates on strip center and net lease investments. STRONG, IN-PLACE LONG-TERM TENANCY Nearly 50% of the in-place NOI is generated by tenants with over 6 years of base lease term remaining, providing stability while potential investors execute the value-add strategy: STRONG SHOP TENANT DEMAND The seven (7) pads as well as inline shops facing 1st Street are virtually all leased with only two (2) of twenty eight (28) spaces available totaling only 2,004 SF within those pads, demonstrating the strong shop tenant SIERRA MEDICAL CENTER (County of Ventura, AAA Credit Rating) 35,004 SF Lease Exp Valley Marketplace 30,331 SF Lease Exp ,687 SF Lease Exp demand at Mountaingate Plaza. ANCHOR RENTS TENANT NAME SUITE SF RENT PSF/MO. PENDING FITNESS ANCHOR 17,000 SF Lease Exp ,089 SF Lease Exp ,175 SF Lease Exp Valley Marketplace 1117A 30,331 $ Cents Only Stores 1293B 24,066 $0.84 dd's Discount ,687 $0.79 Rite Aid ,170 $0.60 Total 93,254 $0.76 2,400 SF Lease Exp ,787 SF Lease Exp ,650 SF Lease Exp

8 TENANT ROSTER SUITE TENANT USE SF LEASE EXP County of Ventura / Sierra Medical Office 35,004 Feb Hai Sushi Restaurant Retail 1,800 Jun Mountain Gate Coin Laundry Retail 1,487 Oct B Dave Janssen's School of Music Retail 2,621 Jun A El Pollo Loco Retail 2,400 Feb B AVAILABLE Retail 1,200 N/A 1117A Valley Marketplace Retail 30,331 Jun AVAILABLE Retail 2,432 N/A 1121 AVAILABLE Retail 3,600 N/A 1123 Lease Pending Retail 10,825 Feb A Lease Pending Retail 6,841 Jul B Ventura County Public Health Dept. Retail 4,896 Jan AVAILABLE Retail 5,270 Feb Rite Aid Retail 19,170 May AVAILABLE Retail 3,231 N/A 1169 Mountaingate Barber Shop Retail 522 Apr Westway Cleaners Retail 1,019 Nov A Ace Cash Express Retail 990 Dec B AVAILABLE Retail 1,380 N/A 1197B Sprint Retail 2,160 Apr C The UPS Store Retail 1,440 Mar D Dr Carrie Kubota & Associate Retail 1,408 Apr E Pacific Dental Services Retail 3,050 Jul Big 5 Retail 10,000 Jan O'Reilly Auto Parts Retail 5,555 Dec-19 SUITE TENANT USE SF LEASE EXP PENDING FITNESS ANCHOR Retail 17,000 Feb A AVAILABLE Retail 19,000 N/A 1293B 99 Cents Only Stores Retail 24,066 Jan A US Armed Forces Recruiting Retail 6,178 Aug Larwin Liquor Retail 1,875 Nov AVAILABLE Retail 904 N/A 1313 dd's Discounts Retail 19,687 Jan One Main Financial Retail 1,875 Jun AVAILABLE Retail 2,088 N/A 197A1 Starbucks Corporation Retail 1,650 Jun A2 Nutri Shop Retail 970 Dec A3 Jersey Mikes Sandwiches Retail 1,787 Jun A Black Bear Diner / SoCal Diners Retail 6,089 Mar B Smashburger Retail 2,175 Nov A Pro Beauty Supply Retail 3,293 Aug C Fred Loya Insurance Agency Retail 1,200 Jun D Pizza Hut Retail 1,332 Mar E Office Depot Retail 6,053 Jan A Donut Cafe Retail 1,100 Jun B Great Central Steak & Hoagie Retail 1,100 Nov C AM Cell Phone Repair Retail 1,430 Dec D Nail Salon Retail 770 Jun E Thai Noodles Retail 986 Sep-19 Total SF 281,240 8

9 SIERRA MEDICAL CENTER Valley Marketplace (County of Ventura, AAA Credit Rating) 2090E 2090D 2090B 2090C 2090A SITE PLAN A 1115B 1111A A 1133B A 1293B B 2050E D 2050C A 2050A & B PENDING FITNESS ANCHOR 2022B 197A3 197A A B 1197E 2022A 1197D 1197C 1305 FIRST STREET A1 E LOS ANGELES AVENUE LEASED AVAILABLE LEASE PENDING 9

10 INVESTMENT ADVISORS GLEB LVOVICH Managing Director CA Lic. # BRYAN LEY Managing Director CA Lic. # DANIEL TYNER Director CA Lic. # DEBT ADVISOR JEFF SAUSE Senior Director CA Lic. # REAL ESTATE ANALYSTS MARK DEGIORGIO Associate CA Lic. # CHRISTIAN TOBER Analyst CA Lic. # Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, HFF ), HFF Securities L.P. and HFF Securities Limited (collectively, HFFS ) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 25 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on hfflp.com