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FUTURE REDEVELOPMENT OPPORTUNITIES |
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| | Property Name | | MSA | | Project Description | |
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| MAJOR REDEVELOPMENTS | | |
| 1 |
| Springdale | | Mobile, AL | | Redevelopment of existing anchor space for multiple retailers, potential outparcel development | |
| 2 |
| University Mall | | Sacramento--Roseville--Arden-Arcade, CA | | Extensive repositioning and reconfiguration with experiential retailers, densification of site, potential residential component | |
| 3 |
| Mira Mesa Mall - Phase II (1) | | San Diego-Carlsbad, CA | | Redevelopment of outparcels for multiple retailers and/or restaurants, potential construction of residential rental component and enhancement of common areas | |
| 4 |
| Mall at 163rd Street | | Miami-Fort Lauderdale-West Palm Beach, FL | | Extensive redevelopment and repositioning of shopping center, densification of site, reconfiguration of existing retail space | |
| 5 |
| Miami Gardens | | Miami-Fort Lauderdale-West Palm Beach, FL | | Redevelopment of existing anchor space for multiple retailers and/or entertainment users, potential outparcel development | |
| 6 |
| Dolphin Village | | Tampa-St. Petersburg-Clearwater, FL | | Remerchandise with experiential retailers, addition of a new anchor prototype, reconfiguration of space for new junior anchors and outparcel development | |
| 7 |
| Roosevelt Mall | | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | | Extensive repositioning and reconfiguration, including vertical component, multiple densification opportunities, including potential residential component | |
| 8 |
| Village at Newtown | | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | | Redevelopment and repositioning of shopping center, densification of site | |
| 9 |
| Market Plaza | | Dallas-Fort Worth-Arlington, TX | | Extensive redevelopment and repositioning of shopping center, remerchandise with multiple retailers | |
| 10 |
| Wynnewood Village | | Dallas-Fort Worth-Arlington, TX | | Redevelopment and reconfiguration of existing anchor and inline space, densification of site | |
| 11 |
| Spring Mall | | Milwaukee-Waukesha-West Allis, WI | | Extensive redevelopment to reorient the center, with potential outparcel development | |
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| MINOR REDEVELOPMENTS | | |
| 1 |
| Carmen Plaza (1) | | Oxnard-Thousand Oaks-Ventura, CA | | Reconfigure and repurpose obsolete space for national tenant merchandise mix, enhancement of common areas and sustainability upgrades | |
| 2 |
| Arapahoe Crossings | | Denver-Aurora-Lakewood, CO | | Repurpose, assemble and reposition to create footprint for national tenant merchandise mix | |
| 3 |
| Northgate Shopping Center | | Deltona-Daytona Beach-Ormond Beach, FL | | Redevelopment of existing anchor space for multiple retailers, potential outparcel development | |
| 4 |
| Venetian Isle Shopping Ctr | | Miami-Fort Lauderdale-West Palm Beach, FL | | Redevelopment of existing anchor space for new anchor prototype, potential outparcel development | |
| 5 |
| Freedom Square | | Naples-Immokalee-Marco Island, FL | | Redevelopment of existing anchor space for multiple retailers and/or entertainment users, potential outparcel development | |
| 6 |
| Marco Town Center | | Naples-Immokalee-Marco Island, FL | | Remerchandise with experiential retailers, reconfiguration of common areas for community space | |
| 7 |
| Beneva Village Shoppes | | North Port-Sarasota-Bradenton, FL | | Addition of new anchor prototype, address obsolete space and outparcel development, enhancement of common areas | |
| 8 |
| Hunter's Creek Plaza | | Orlando-Kissimmee-Sanford, FL | | Reconfiguration of existing footprint to accommodate multiple new retailers, potential outparcel development | |
| 9 |
| Pointe Orlando | | Orlando-Kissimmee-Sanford, FL | | Redevelopment, densification and rebranding for multiple new retailers and/or entertainment users | |
| 10 |
| High Point Centre | | Chicago-Naperville-Elgin, IL-IN-WI | | Reconfigure and repurpose obsolete space for national tenant merchandise mix, enhancement of common areas | |
| 11 |
| Tinley Park Plaza | | Chicago-Naperville-Elgin, IL-IN-WI | | Reconfiguration of existing footprint to accommodate multiple retailers, potential entertainment uses and outparcel development | |
| 12 |
| Speedway Super Center | | Indianapolis-Carmel-Anderson, IN | | Reconfiguration of existing footprint to accommodate multiple new anchors, rebranding of center, potential outparcel development | |
| 13 |
| Webster Square Shopping Center | | Boston-Cambridge-Newton, MA-NH | | Redevelopment of existing pad building to accommodate multiple new retailers | |
| 14 |
| Roseville Center | | Minneapolis-St. Paul-Bloomington, MN-WI | | Reconfigure and repurpose obsolete space with new merchandise mix | |
| 15 |
| Ellisville Square | | St. Louis, MO-IL | | Redevelopment of existing anchor space for multiple retailers, potential outparcel development | |
| 16 |
| Bedford Grove | | Manchester-Nashua, NH | | Redevelopment of existing anchor space for multiple retailers, potential outparcel development, enhancement of common areas | |
| 17 |
| Hamilton Plaza | | Trenton, NJ | | Redevelopment of existing anchor space for multiple retailers, potential outparcel development | |
| 18 |
| Dalewood I, II & III Shopping Center | New York-Newark-Jersey City, NY-NJ-PA | | Remerchandise with national tenant merchandise mix, potential outparcel development, enhancement of common areas | |
| 19 |
| Falcaro's Plaza | | New York-Newark-Jersey City, NY-NJ-PA | | Reorient and repurpose anchor space and additional building to leverage power corner location, densification of site | |
| 20 |
| Mamaroneck Centre | | New York-Newark-Jersey City, NY-NJ-PA | | Redevelopment of existing pad building to accommodate multiple new retailers | |
| 21 |
| Franklin Square | | Charlotte-Concord-Gastonia, NC-SC | | Redevelopment of existing anchor space for new anchor and in-line tenancy | |
| 22 |
| Park Hills Plaza | | Altoona, PA | | Reconfigure and remerchandise obsolete space and potential outparcel development | |
| 23 |
| Marlton Crossing | | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | | Redevelopment of oversized anchor, remerchandise with experiential retailers, densification of site | |
| 24 |
| The Commons at Wolfcreek | | Memphis, TN-MS-AR | | Redevelopment of existing anchor space for multiple anchor retailers, potential outparcel development | |
| 25 |
| Preston Park Village | | Dallas-Fort Worth-Arlington, TX | | Repurpose, assemble and reposition for national tenant merchandise mix, densification of site, enhancement of common areas | |
| 26 |
| Jester Village (1) | | Houston-The Woodlands-Sugar Land, TX | | Redevelopment of existing anchor space for multiple retailers, densification of site, enhancement of common areas | |
| 27 |
| Texas City Bay | | Houston-The Woodlands-Sugar Land, TX | | Redevelopment of vacant anchor space with combination of anchor and small shop space, densification of site | |
| 28 |
| The Centre at Navarro (1) | | Victoria, TX | | Redevelopment of existing anchor space for multiple retailers, densification of site, enhancement of common areas | |
| 29 |
| Hanover Square | | Richmond, VA | | Redevelopment of anchor space, addition of multi-tenant retail outparcel building | |
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(1) Indicates project added to pipeline during the three months ended March 31, 2017. | | |
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The Company has identified potential future reinvestment opportunities at the properties listed above. Many of these opportunities are, or will soon be, in preliminary planning phases and as such, may not ultimately become active reinvestments. Proceeding |
with these reinvestments could be subject to factors outside of the Company’s control which could delay, suspend or defer the expected opportunity or timing of execution. While the Company expects that these projects are likely to become active |
in the near-term, it should be noted that this list will fluctuate as projects become active, suspended or otherwise rescheduled. For more information, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K |
for the year ended December 31, 2016. |