Our partners and clients

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2 Our mission is to create real estate environments that improve the quality of life in the communities we serve, while enhancing ROI for ownership with a focus on individual asset attention and long-term value creation. Our partners and clients

3 The Bayer Effect in action Our unique approach to driving asset performance, The Bayer Effect, creates the perfect retail mix, property environment and marketing strategies to attract shoppers, drive retail sales and enhance the quality of life in the community. The result: superior financial returns for our owners and tenant partners. STRATEGIES Continue to invest in human capital - Leasing - Management - Acquisitions - Development Grow/maintain excellent and broad retailer relationships Set high standards of operating excellence Utilize B Properties (a division of Bayer Properties) to handle challenged assets RESULTS Reached and maintained an average of 95% occupancy within one year after asset takeover Improved asset-specific financial metrics year-over-year, including revenue generation, expense reduction and NOI enhancement Achieved additional growth from JV partnership acquisitions plus select development opportunities Became the fourth fastest growing Third-Party Manager in the U.S. (Chain Store Age, May 2014) The fundamentals of High Performance Management LEASING HIGH-DEMAND RETAIL Our leasing team proves its strength every day by maintaining occupancy rates above the industry average. We use our extensive national experience, as well as the ability to work within our communities to leverage regional and local leasing opportunities, to create a distinctive mix of tenants that sets our properties apart from the competition. CREATING AN ENJOYABLE ATMOSPHERE Our unmatched attention to detail helps us create enticing places to shop, dine, live, work and play. From landscaping to maintenance, we manage each step of the process to ensure that value is not only retained, but also enhanced. And whether fixed or variable CAM, we can ensure expenses are controlled to maximize NOI and asset value. MARKETING EXCELLENCE Our experienced marketing team excels at understanding economic conditions, consumer demographics, buying attitudes and local market nuances. We take our research findings and apply marketing principles, compelling advertising and signature events to engage with our consumers and communities, resulting in increased sales per square foot.

4 Our history Founded in 1983 as a Property Management and Leasing company Added Development during the mid-90s Specialize in retail and mixed-use commercial assets; national portfolio of approximately 10 million sf Today, we own and manage third-party properties, with a strong third-party client roster Our services Leasing Property Management Marketing Finance and Accounting Acquisitions and JV Partnerships Development and Construction Tenant Coordination Technology Legal Human Resources BAYER PROPERTIES FOOTPRINT

5 PORTFOLIO OWNERSHIP 20% OWNED 80% THIRD PARTY Bayer Properties growth strategy THIRD-PARTY MANAGEMENT Our ownership perspective helped establish some advantageous thirdparty relationships with J.P. Morgan, Heitman and Miller Capital, just to name a few. Asset Management is a core competency growth focus. B PROPERTIES ACQUISITIONS & DEVELOPMENT As the economy improves, we have opportunities to acquire viable assets or develop demand-based projects at a profitable return. If the opportunity makes sense for the portfolio and plays to the core strength of the company, we ll invest. We formed a division with dedicated resources to quickly turn around challenged assets. Whether the property is in a special servicer position or just needs heavy doses of TLC, this division is set up to generate immediate improvements to NOI. PORTFOLIO SF GROWTH

6 Outdoor Fashion Mixed Use APPLE SAKS FIFTH AVENUE CALYPSO ST. BARTH P. F. CHANG S THE NORTH FACE MICHAEL KORS KATE SPADE NEW YORK J. CREW SEPHORA H&M ANTHROPOLOGIE LILLY PULITZER SEASONS 52 LULULEMON ATHLETICA POTTERY BARN SUR LA TABLE

7 Enclosed Malls DILLARD S AÉROPOSTALE FINISH LINE KAY JEWELERS VICTORIA S SECRET SEARS CHARLOTTE RUSSE PACSUN FOREVER 21 HOT TOPIC JCPENNEY VERSONA ACCESSORIES BOOKS-A-MILLION BUCKLE OLIVE GARDEN

8 WHOLE FOODS ULTA BEAUTY SPROUTS FARMERS MARKET COST PLUS WORLD MARKET TOYS R US / BABIES R US PANERA BREAD BJ S BREWHOUSE TARGET PARTY CITY LOWE S DSW SHOES H.H. GREGG SPORTS AUTHORITY CHARMING CHARLIE BED BATH & BEYOND KOHL S Neighborhood & Power Centers

9 TRADER JOE S TODD ENGLISH P.U.B. BEST BUY WESTIN HOTEL TEXAS DE BRAZIL CAROLINAS HEALTHCARE SYSTEM MODERN SALON AND SPA WEST ELM STAPLES MARSHALLS CANTINA LAREDO ZOËS KITCHEN NEW DOMINION BANK WHICH WICH OCTANE COFFEE LOTUS BOUTIQUE Mixed Use Urban Centers

10 Leadership Jeffrey A. Bayer President & CEO David L. Silverstein Principal Jon W. Rotenstreich Principal Libby Lassiter Executive Vice President / Leasing and Development Jeff Pomeroy Executive Vice President / General Counsel Jami Wadkins Executive Vice President / Chief Financial Officer WE CREATE DESTINATIONS OF SUBSTANCE THAT ARE RESPONSIVE TO THE NEEDS OF BOTH THE MARKET AND THE COMMUNITY. Contacts For third-party management, contact: Bradley Bailey bbailey@bayerproperties.com (205) For acquisitions, contact: Jami Wadkins jwadkins@bayerproperties.com (205) Corporate Headquarters Bayer Properties, LLC 2222 Arlington Avenue Birmingham, AL Toll Free: BAYER Phone: (205) Fax: (205) For leasing, contact: Libby Lassiter llassiter@bayerproperties.com (205) Mid-Atlantic Office Bayer Properties, LLC 301 S. State Street Suite S 201 Newtown, PA Phone: (215) Fax: (215)

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