Item 2. Properties

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Item 2. Properties

The following table is a list of the shopping centers, summarized by state and in order of largest holdings, presented for Consolidated Properties (excludes properties owned by unconsolidated co-investment partnerships):



	December 31, 2016						December 31, 2015
Location	Number of Properties	GLA (in thousands)	Percent of Total GLA		Percent Leased		Number of Properties	GLA (in thousands)	Percent of Total GLA		Percent Leased
California	43	5,734	24.0	%	97.7	%	42	5,619	24.1	%	95.6	%
Florida	37	4,167	17.4	%	93.6	%	39	4,214	18.1	%	94.7	%
Texas	23	3,014	12.6	%	96.0	%	22	2,716	11.7	%	97.6	%
Georgia	15	1,395	5.8	%	93.8	%	15	1,392	6.0	%	92.9	%
Colorado	14	1,146	4.8	%	93.8	%	15	1,266	5.4	%	91.3	%
North Carolina	10	895	3.8	%	96.2	%	10	895	3.8	%	95.8	%
Ohio	8	1,184	4.9	%	98.4	%	8	1,164	5.0	%	98.6	%
Virginia	7	1,233	5.2	%	87.5	%	6	841	3.6	%	96.2	%
Oregon	7	741	3.1	%	93.3	%	7	742	3.2	%	87.9	%
Washington	6	672	2.8	%	99.3	%	5	606	2.6	%	98.7	%
Illinois	5	817	3.4	%	98.7	%	5	817	3.5	%	98.2	%
Missouri	4	408	1.7	%	99.5	%	4	408	1.8	%	100.0	%
Massachusetts	3	516	2.2	%	95.5	%	3	516	2.2	%	96.1	%
Tennessee	3	317	1.3	%	96.3	%	3	317	1.4	%	96.1	%
Connecticut	3	316	1.3	%	94.7	%	3	315	1.4	%	96.3	%
Pennsylvania	3	317	1.3	%	94.7	%	3	311	1.3	%	98.4	%
Indiana	1	254	1.1	%	97.9	%	3	281	1.2	%	93.8	%
Arizona	1	36	0.1	%	60.4	%	2	274	1.2	%	92.7	%
Delaware	1	232	1.0	%	93.6	%	1	232	1.0	%	90.1	%
Maryland	1	117	0.5	%	97.9	%	1	113	0.5	%	96.1	%
Michigan	1	97	0.4	%	97.1	%	1	97	0.4	%	95.7	%
New York	1	105	0.4	%	—%		—	—	—%		—%
New Jersey	1	218	0.9	%	65.9	%	—	—	—%		—%
Alabama	—	—	—%		—%		1	85	0.4	%	95.0	%
South Carolina	—	—	—%		—%		1	59	0.2	%	100.0	%
Total	198	23,931	100.0%		94.8%		200	23,280	100.0%		95.4%

Certain Consolidated Properties are encumbered by mortgage loans of $467.1 million, excluding debt premiums and discounts, as of December 31, 2016.

The weighted average annual effective rent for the consolidated portfolio of properties, net of tenant concessions, is $19.70 and $18.95 per square foot ("PSF") as of December 31, 2016 and 2015, respectively.

The following table is a list of the shopping centers, summarized by state and in order of largest holdings, presented for Unconsolidated Properties (includes properties owned by unconsolidated co-investment partnerships):



	December 31, 2016				December 31, 2015
Location	Number of Properties	GLA (in thousands)	Percent of Total GLA	Percent Leased	Number of Properties	GLA (in thousands)	Percent of Total GLA	Percent Leased
California	20	2,652	19.1%	97.5%	20	2,652	18.0%	98.7%
Virginia	18	2,551	18.3%	95.1%	19	2,645	17.9%	96.9%
Maryland	11	1,182	8.5%	96.1%	13	1,491	10.1%	92.5%
North Carolina	8	1,275	9.2%	95.3%	8	1,275	8.6%	97.6%
Florida	7	729	5.2%	98.4%	8	682	4.6%	97.4%
Texas	7	932	6.7%	98.4%	7	932	6.3%	99.3%
Pennsylvania	6	664	4.8%	91.7%	6	664	4.5%	88.7%
Colorado	5	853	6.1%	95.1%	5	862	5.8%	92.9%
Minnesota	5	674	4.8%	98.6%	5	674	4.6%	98.3%
Washington	5	621	4.6%	95.2%	5	621	4.2%	97.0%
Illinois	4	671	4.8%	95.7%	7	944	6.4%	94.6%
New Jersey	2	158	1.1%	100.0%	2	158	1.1%	95.7%
Indiana	2	139	1.0%	100.0%	2	139	0.9%	100.0%
District of Columbia	2	40	0.3%	100.0%	2	40	0.3%	100.0%
Connecticut	1	186	1.3%	94.8%	1	186	1.3%	98.8%
South Carolina	1	80	0.6%	100.0%	2	162	1.1%	100.0%
New York	1	141	1.0%	100.0%	1	141	1.0%	100.0%
Arizona	1	108	0.8%	89.7%	1	108	0.7%	87.4%
Oregon	1	93	0.7%	94.7%	1	93	0.6%	98.1%
Georgia	1	86	0.6%	98.5%	1	86	0.6%	100.0%
Delaware	1	64	0.5%	92.6%	1	67	0.5%	91.0%
Wisconsin	—	—	—%	—%	1	133	0.9%	92.8%
Total	109	13,899	100.0%	96.3%	118	14,755	100.0%	96.3%

Certain Unconsolidated Properties are encumbered by mortgage loans of $1.3 billion, excluding debt premiums and discounts, as of December 31, 2016.

The weighted average annual effective rent for the unconsolidated portfolio of properties, net of tenant concessions, is $19.25 and $18.81 PSF as of December 31, 2016 and 2015, respectively.

The following table summarizes the largest tenants occupying our shopping centers for Consolidated Properties plus our pro-rata share of Unconsolidated Properties, as of December 31, 2016, based upon a percentage of total annualized base rent (GLA and dollars in thousands):



Tenant	GLA	Percent of Company Owned GLA		Annualized Base Rent	Percent of Annualized Base Rent	Number of Leased Stores	Anchor Owned Stores (1)
Kroger	2,686	9.3%	$	26,288	4.7%	54	5
Publix	1,641	5.7%		17,617	3.1%	40	1
Albertsons/Safeway	1,361	4.7%		15,178	2.7%	41	7
Whole Foods	713	2.5%		13,895	2.5%	21	—
TJX Companies	807	2.8%		10,895	1.9%	38	—
CVS	498	1.7%		8,644	1.5%	45	—
PETCO	324	1.1%		7,218	1.3%	41	—
Ahold/Delhaize	460	1.6%		6,301	1.1%	14	—
H.E.B.	344	1.2%		5,762	1.0%	5	—
Trader Joe's	179	0.6%		4,995	0.9%	19	—
Ross Dress For Less	306	1.1%		4,982	0.9%	16	—
Nordstrom Rack	174	0.6%		4,937	0.9%	5	—
Bank of America	88	0.3%		4,580	0.8%	31	—
Target	410	1.4%		4,441	0.8%	5	13
Starbucks	106	0.4%		4,424	0.8%	81	—
Wells Fargo Bank	85	0.3%		4,416	0.8%	41	—
JPMorgan Chase Bank	64	0.2%		3,995	0.7%	25	—
Kohl's	289	1.0%		3,950	0.7%	4	—
Dick's Sporting Goods	267	0.9%		3,441	0.6%	5	—
Panera Bread	97	0.3%		3,359	0.6%	27	—
Sears Holdings	376	1.3%		3,090	0.6%	5	1
Bed Bath & Beyond	175	0.6%		2,940	0.5%	6	—
Subway	85	0.3%		2,927	0.5%	91	—
Massage Envy	89	0.3%		2,808	0.5%	33	—
Rite Aid	171	0.6%		2,807	0.5%	19	—

(1) Stores owned by anchor tenant that are attached to our centers.

Our leases for tenant space under 10,000 square feet generally have terms ranging from three to seven years. Leases greater than 10,000 square feet generally have lease terms in excess of five years, mostly comprised of anchor tenants. Many of the anchor leases contain provisions allowing the tenant the option of extending the term of the lease at expiration. Our leases provide for the monthly payment in advance of fixed minimum rent, the tenant's pro-rata share of real estate taxes, insurance, and common area maintenance (“CAM”) expenses, and reimbursement for utility costs if not directly metered.

The following table summarizes pro-rata lease expirations for the next ten years and thereafter, for our Consolidated and Unconsolidated Properties, assuming no tenants renew their leases (GLA and dollars in thousands):



Lease Expiration Year	Number of Tenants with Expiring Leases	Pro-rata Expiring GLA	Percent of Total Company GLA		In Place Minimum Rent Expiring Under Leases (2)		Percent of Minimum Rent (2)		Pro-rata Expiring ABR
(1)	200	158	0.6	%	$	3,699	0.7	%	$	23.41
2017	887	2,219	8.2	%	48,215		8.9	%	21.73
2018	975	2,783	10.3	%	59,549		11.0	%	21.40
2019	911	3,229	12.0	%	64,178		11.9	%	19.88
2020	934	3,094	11.5	%	65,686		12.1	%	21.23
2021	911	3,324	12.3	%	68,210		12.6	%	20.52
2022	494	2,645	9.8	%	50,047		9.3	%	18.92
2023	240	1,153	4.3	%	25,352		4.7	%	21.99
2024	253	1,513	5.6	%	30,311		5.6	%	20.03
2025	236	1,191	4.4	%	28,304		5.2	%	23.76
2026	216	1,176	4.4	%	28,639		5.3	%	24.35
Thereafter	441	4,466	16.6	%	68,781		12.7	%	15.40
Total	6,698	26,951	100.0	%	$	540,971	100.0	%

(1) Leases currently under month-to-month rent or in process of renewal.

(2) Minimum rent includes current minimum rent and future contractual rent steps, but excludes additional rent such as percentage rent, common area maintenance, real estate taxes and insurance reimbursements.

During 2017, we have a total of 887 leases expiring, representing 2.2 million square feet of GLA. These expiring leases have an average base rent of $21.73 PSF. The average base rent of new leases signed during 2016 was $23.98 PSF. During periods of recession or when occupancy is low, tenants have more bargaining power, which may result in rental rate declines on new or renewal leases. In periods of recovery and/or when occupancy levels are high, landlords have more bargaining power, which generally results in rental rate growth on new and renewal leases. Based on current economic trends and expectations, and pro-rata percent leased of 95.4%, we expect average base rent on new and renewal leases during 2017 to meet or exceed average rental rates on leases expiring in 2017. Exceptions may arise in certain geographic areas or at specific shopping centers based on the local economic situation, competition, location, and size of the space being leased, among other factors. Additionally, significant changes or uncertainties affecting micro- or macroeconomic climates may cause significant changes to our current expectations.

See the following property table and also see Item 7, Management's Discussion and Analysis, for further information about our Consolidated and Unconsolidated Properties.



Property Name	(1) CBSA	State	(2) Owner-ship Interest	Year Acquired	Year Constructed or Last Major Renovation	Mortgages or Encumbrances (in 000's)	Gross Leasable Area (GLA) (in 000's)	(3) Percent Leased	(4) Average Base Rent (Per Sq Ft)	(5) Grocer(s) & Major Tenant(s) >35,000 SFT
Palm Valley Marketplace	Phoenix-Mesa-Scottsdale	AZ	20%	2001	1999	$—	108	89.7%	$14.51	Safeway
Shops at Arizona	Phoenix-Mesa-Scottsdale	AZ		2003	2000	—	36	60.4%	9.91	--
4S Commons Town Center	San Diego-Carlsbad-San Marcos	CA	85%	2004	2004	62,500	240	100.0%	31.93	Ralphs, Jimbo's...Naturally!
Amerige Heights Town Center	Los Angeles-Long Beach-Santa Ana	CA		2000	2000	16,106	89	100.0%	28.79	Albertsons, (Target)
Balboa Mesa Shopping Center	San Diego-Carlsbad-San Marcos	CA		2012	1969	—	207	100.0%	25.07	Von's Food & Drug, Kohl's
Bayhill Shopping Center	San Francisco-Oakland-Fremont	CA	40%	2005	1990	20,838	122	97.3%	23.67	Mollie Stone's Market
Blossom Valley	San Jose-Sunnyvale-Santa Clara	CA	20%	1999	1990	—	93	98.9%	25.32	Safeway
Brea Marketplace (6)	Los Angeles-Long Beach-Santa Ana	CA	40%	2005	1987	47,167	352	99.0%	17.83	Sprout's Markets, Target
Clayton Valley Shopping Center	San Francisco-Oakland-Fremont	CA		2003	2004	—	260	94.7%	22.03	Grocery Outlet, Orchard Supply Hardware
Corral Hollow	Stockton	CA	25%	2000	2000	—	167	100.0%	16.74	Safeway, Orchard Supply & Hardware
Costa Verde Center	San Diego-Carlsbad-San Marcos	CA		1999	1988	—	179	90.1%	35.41	Bristol Farms
Diablo Plaza	San Francisco-Oakland-Fremont	CA		1999	1982	—	63	100.0%	38.08	(Safeway)
East Washington Place	Santa Rosa-Petaluma	CA		2011	2011	—	203	100.0%	24.04	(Target), Dick's Sporting Goods, TJ Maxx
El Camino Shopping Center	Los Angeles-Long Beach-Santa Ana	CA		1999	1995	—	136	98.4%	35.14	Bristol Farms
El Cerrito Plaza	San Francisco-Oakland-Fremont	CA		2000	2000	37,237	256	97.2%	28.01	(Lucky's), Trader Joe's
El Norte Pkwy Plaza	San Diego-Carlsbad-San Marcos	CA		1999	1984	—	91	94.5%	17.81	Von's Food & Drug
Encina Grande	San Francisco-Oakland-Fremont	CA		1999	1965	—	106	100.0%	30.42	Whole Foods
Five Points Shopping Center	Santa Barbara-Santa Maria-Goleta	CA	40%	2005	1960	26,604	145	98.7%	27.70	Smart & Final
Folsom Prairie City Crossing	Sacramento--Arden-Arcade--Roseville	CA		1999	1999	—	90	98.7%	20.49	Safeway
French Valley Village Center	Riverside-San Bernardino-Ontario	CA		2004	2004	—	99	100.0%	25.49	Stater Bros.
Friars Mission Center	San Diego-Carlsbad-San Marcos	CA		1999	1989	—	147	100.0%	32.87	Ralphs
Gateway 101	San Francisco-Oakland-Fremont	CA		2008	2008	—	92	100.0%	32.05	(Home Depot), (Best Buy), Target, Nordstrom Rack
Gelson's Westlake Market Plaza	Oxnard-Thousand Oaks-Ventura	CA		2002	2002	—	85	100.0%	23.77	Gelson's Markets
Golden Hills Promenade	San Luis Obispo-Paso Robles	CA		2006	2006	—	244	98.9%	7.56	Lowe's
Granada Village	Los Angeles-Long Beach-Santa Ana	CA	40%	2005	1965	50,000	226	100.0%	22.57	Sprout's Markets
Hasley Canyon Village	Los Angeles-Long Beach-Santa Ana	CA	20%	2003	2003	—	66	100.0%	25.03	Ralphs
Heritage Plaza (6)	Los Angeles-Long Beach-Santa Ana	CA		1999	1981	—	230	98.6%	34.76	Ralphs
Indio Towne Center	Riverside-San Bernardino-Ontario	CA		2006	2010	—	180	92.4%	17.94	(Home Depot), (WinCo), Toys R Us
Jefferson Square	Riverside-San Bernardino-Ontario	CA		2007	2007	—	38	49.3%	15.80	--
Laguna Niguel Plaza	Los Angeles-Long Beach-Santa Ana	CA	40%	2005	1985	—	42	100.0%	27.35	(Albertsons)
Marina Shores	Los Angeles-Long Beach-Santa Ana	CA	20%	2008	2001	10,897	68	100.0%	34.82	Whole Foods
Mariposa Shopping Center	San Jose-Sunnyvale-Santa Clara	CA	40%	2005	1957	20,140	127	100.0%	19.33	Safeway
Morningside Plaza	Los Angeles-Long Beach-Santa Ana	CA		1999	1996	—	91	98.8%	22.31	Stater Bros.
Navajo Shopping Center	San Diego-Carlsbad-San Marcos	CA	40%	2005	1964	8,215	102	98.0%	13.76	Albertsons
Newland Center	Los Angeles-Long Beach-Santa Ana	CA		1999	1985	—	152	99.1%	22.93	Albertsons



Property Name	(1) CBSA	State	(2) Owner-ship Interest	Year Acquired	Year Constructed or Last Major Renovation	Mortgages or Encumbrances (in 000's)	Gross Leasable Area (GLA) (in 000's)	(3) Percent Leased	(4) Average Base Rent (Per Sq Ft)	(5) Grocer(s) & Major Tenant(s) >35,000 SFT
Oak Shade Town Center	Sacramento--Arden-Arcade--Roseville	CA		2011	1998	8,695	104	99.4%	20.03	Safeway
Oakbrook Plaza	Oxnard-Thousand Oaks-Ventura	CA		1999	1982	—	83	95.4%	18.21	Gelson's Markets
Persimmon Place	San Francisco-Oakland-Fremont	CA		2014	2014	—	153	100.0%	34.28	Whole Foods, Nordstrom Rack
Plaza Hermosa	Los Angeles-Long Beach-Santa Ana	CA		1999	1984	13,800	95	100.0%	25.62	Von's Food & Drug
Pleasant Hill Shopping Center	San Francisco-Oakland-Fremont	CA	40%	2005	1970	50,000	232	100.0%	24.57	Target, Toys "R" Us
Point Loma Plaza	San Diego-Carlsbad-San Marcos	CA	40%	2005	1987	25,984	213	82.9%	21.40	Von's Food & Drug
Powell Street Plaza	San Francisco-Oakland-Fremont	CA		2001	1987	—	166	100.0%	32.87	Trader Joe's
Raley's Supermarket	Sacramento--Arden-Arcade--Roseville	CA	20%	2007	1964	—	63	100.0%	12.50	Raley's
Rancho San Diego Village	San Diego-Carlsbad-San Marcos	CA	40%	2005	1981	22,393	153	93.1%	21.02	Smart & Final
Rona Plaza	Los Angeles-Long Beach-Santa Ana	CA		1999	1989	—	52	100.0%	20.31	Superior Super Warehouse
San Leandro Plaza	San Francisco-Oakland-Fremont	CA		1999	1982	—	50	100.0%	34.45	(Safeway)
Seal Beach	Los Angeles-Long Beach-Santa Ana	CA	20%	2002	1966	2,200	97	97.8%	23.47	Von's Food & Drug
Sequoia Station	San Francisco-Oakland-Fremont	CA		1999	1996	21,100	103	100.0%	39.17	(Safeway)
Shoppes at Homestead (fka Loehmanns Plaza California)	San Jose-Sunnyvale-Santa Clara	CA		1999	1983	—	113	100.0%	22.28	(Safeway)
Silverado Plaza	Napa	CA	40%	2005	1974	10,058	85	98.4%	16.60	Nob Hill
Snell & Branham Plaza	San Jose-Sunnyvale-Santa Clara	CA	40%	2005	1988	13,427	92	100.0%	18.26	Safeway
South Bay Village	Los Angeles-Long Beach-Santa Ana	CA		2012	2012	—	108	100.0%	19.11	Wal-Mart, Orchard Supply Hardware
Strawflower Village	San Francisco-Oakland-Fremont	CA		1999	1985	—	79	94.6%	19.76	Safeway
Tassajara Crossing	San Francisco-Oakland-Fremont	CA		1999	1990	19,800	146	95.9%	23.63	Safeway
The Hub Hillcrest Market (fka Uptown District)	San Diego-Carlsbad-San Marcos	CA		2012	1990	—	149	97.6%	37.72	Ralphs, Trader Joe's
Tustin Legacy (7)	Los Angeles-Long Beach-Santa Ana	CA		2016	2016	—	112	82.3%	28.57	Stater Bros.
Twin Oaks Shopping Center	Los Angeles-Long Beach-Santa Ana	CA	40%	2005	1978	9,924	98	96.9%	18.26	Ralphs
Twin Peaks	San Diego-Carlsbad-San Marcos	CA		1999	1988	—	208	96.9%	19.74	Target
Valencia Crossroads	Los Angeles-Long Beach-Santa Ana	CA		2002	2003	—	173	100.0%	26.03	Whole Foods, Kohl's
Village at La Floresta	Los Angeles-Long Beach-Santa Ana	CA		2014	2014	—	87	100.0%	32.70	Whole Foods
West Park Plaza	San Jose-Sunnyvale-Santa Clara	CA		1999	1996	—	88	100.0%	17.71	Safeway
Westlake Village Plaza and Center	Oxnard-Thousand Oaks-Ventura	CA		1999	1975	—	197	100.0%	36.97	Von's Food & Drug and Sprouts
Woodman Van Nuys	Los Angeles-Long Beach-Santa Ana	CA		1999	1992	—	108	100.0%	15.33	El Super
Woodside Central	San Francisco-Oakland-Fremont	CA		1999	1993	—	81	100.0%	23.98	(Target)
Ygnacio Plaza	San Francisco-Oakland-Fremont	CA	40%	2005	1968	27,326	110	100.0%	35.45	Sports Basement
Applewood Shopping Center	Denver-Aurora	CO	40%	2005	1956	—	372	91.5%	12.02	King Soopers, Wal-Mart
Arapahoe Village	Boulder	CO	40%	2005	1957	13,936	159	95.2%	17.48	Safeway
Belleview Square	Denver-Aurora	CO		2004	1978	—	117	100.0%	18.02	King Soopers
Boulevard Center	Denver-Aurora	CO		1999	1986	—	79	94.1%	28.32	(Safeway)
Buckley Square	Denver-Aurora	CO		1999	1978	—	116	100.0%	11.05	King Soopers
Centerplace of Greeley III Phase I	Greeley	CO		2007	2007	—	119	64.7%	13.70	--



Property Name	(1) CBSA	State	(2) Owner-ship Interest	Year Acquired	Year Constructed or Last Major Renovation	Mortgages or Encumbrances (in 000's)	Gross Leasable Area (GLA) (in 000's)	(3) Percent Leased	(4) Average Base Rent (Per Sq Ft)	(5) Grocer(s) & Major Tenant(s) >35,000 SFT
Cherrywood Square	Denver-Aurora	CO	40%	2005	1978	4,302	97	97.8%	9.88	King Soopers
Crossroads Commons	Boulder	CO	20%	2001	1986	16,501	143	100.0%	26.95	Whole Foods
Falcon Marketplace	Colorado Springs	CO		2005	2005	—	22	93.8%	21.83	(Wal-Mart)
Hilltop Village	Denver-Aurora	CO		2002	2003	—	100	91.1%	9.38	King Soopers
Kent Place	Denver-Aurora	CO	50%	2011	2011	8,250	48	100.0%	19.49	King Soopers
Littleton Square	Denver-Aurora	CO		1999	1997	—	99	100.0%	10.46	King Soopers
Lloyd King Center	Denver-Aurora	CO		1998	1998	—	83	96.9%	11.83	King Soopers
Marketplace at Briargate	Colorado Springs	CO		2006	2006	—	29	91.8%	30.11	(King Soopers)
Monument Jackson Creek	Colorado Springs	CO		1998	1999	—	85	100.0%	11.73	King Soopers
Ralston Square Shopping Center	Denver-Aurora	CO	40%	2005	1977	4,302	83	100.0%	11.01	King Soopers
Shops at Quail Creek	Denver-Aurora	CO		2008	2008	—	38	96.5%	28.01	(King Soopers)
Stroh Ranch	Denver-Aurora	CO		1998	1998	—	93	98.5%	12.71	King Soopers
Woodmen Plaza	Colorado Springs	CO		1998	1998	—	116	94.1%	13.05	King Soopers
Black Rock	Bridgeport-Stamford-Norwalk	CT	80%	2014	1996	20,000	98	97.8%	32.14	--
Brick Walk (6)	Bridgeport-Stamford-Norwalk	CT	80%	2014	2007	33,000	124	90.5%	44.57	--
Corbin's Corner	Hartford-West Hartford-East Hartford	CT	40%	2005	1962	39,532	186	94.8%	26.39	Trader Joe's, Toys "R" Us, Best Buy
Fairfield Center (6)	Bridgeport-Stamford-Norwalk	CT	80%	2014	2000	—	94	97.0%	33.94	--
Shops at The Columbia	Washington-Arlington-Alexandria	DC	25%	2006	2006	—	23	100.0%	40.51	Trader Joe's
Spring Valley Shopping Center	Washington-Arlington-Alexandria	DC	40%	2005	1930	12,530	17	100.0%	91.76	--
Pike Creek	Philadelphia-Camden-Wilmington	DE		1998	1981	—	232	93.6%	14.20	Acme Markets, K-Mart
Shoppes of Graylyn	Philadelphia-Camden-Wilmington	DE	40%	2005	1971	—	64	92.6%	23.46	--
Anastasia Plaza	Jacksonville	FL		1993	1988	—	102	98.4%	13.06	Publix
Aventura Shopping Center	Miami-Fort Lauderdale-Miami Beach	FL		1994	1974	—	95	84.8%	32.49	Publix
Berkshire Commons	Naples-Marco Island	FL		1994	1992	7,500	110	96.9%	13.76	Publix
Bloomingdale Square	Tampa-St. Petersburg-Clearwater	FL		1998	1987	—	268	64.5%	12.78	Publix, Bealls
Boynton Lakes Plaza	Miami-Fort Lauderdale-Miami Beach	FL		1997	1993	—	110	94.9%	15.89	Publix
Brooklyn Station on Riverside (fka Shoppes on Riverside)	Jacksonville	FL		2013	2013	—	50	97.2%	25.52	The Fresh Market
Caligo Crossing	Miami-Fort Lauderdale-Miami Beach	FL		2007	2007	—	11	100.0%	46.84	(Kohl's)
Carriage Gate	Tallahassee	FL		1994	1978	—	74	86.6%	21.40	Trader Joe's
Chasewood Plaza	Miami-Fort Lauderdale-Miami Beach	FL		1993	1986	—	151	100.0%	24.76	Publix
Corkscrew Village	Cape Coral-Fort Myers	FL		2007	1997	7,343	82	97.0%	13.55	Publix
Courtyard Shopping Center	Jacksonville	FL		1993	1987	—	137	100.0%	3.50	(Publix), Target
Fleming Island	Jacksonville	FL		1998	2000	—	132	99.3%	15.09	Publix, (Target)
Fountain Square	Miami-Fort Lauderdale-Miami Beach	FL		2013	2013	—	177	96.4%	25.55	Publix, (Target)
Garden Square	Miami-Fort Lauderdale-Miami Beach	FL		1997	1991	—	90	100.0%	16.72	Publix
Grande Oak	Cape Coral-Fort Myers	FL		2000	2000	—	79	98.2%	15.29	Publix
Hibernia Pavilion	Jacksonville	FL		2006	2006	—	51	89.6%	15.81	Publix



Property Name	(1) CBSA	State	(2) Owner-ship Interest	Year Acquired	Year Constructed or Last Major Renovation	Mortgages or Encumbrances (in 000's)	Gross Leasable Area (GLA) (in 000's)	(3) Percent Leased	(4) Average Base Rent (Per Sq Ft)	(5) Grocer(s) & Major Tenant(s) >35,000 SFT
John's Creek Center	Jacksonville	FL	20%	2003	2004	9,000	75	100.0%	14.63	Publix
Julington Village	Jacksonville	FL	20%	1999	1999	9,500	82	98.0%	15.35	Publix
Marketplace Shopping Center	Tampa-St. Petersburg-Clearwater	FL		1995	1983	—	90	88.8%	19.53	LA Fitness
Millhopper Shopping Center	Gainesville	FL		1993	1974	—	76	100.0%	16.47	Publix
Naples Walk Shopping Center	Naples-Marco Island	FL		2007	1999	—	125	93.9%	15.90	Publix
Newberry Square	Gainesville	FL		1994	1986	—	181	83.3%	7.12	Publix, K-Mart
Nocatee Town Center	Jacksonville	FL		2007	2007	—	107	89.6%	17.80	Publix
Northgate Square	Tampa-St. Petersburg-Clearwater	FL		2007	1995	—	75	98.2%	14.14	Publix
Oakleaf Commons	Jacksonville	FL		2006	2006	—	74	90.5%	14.14	Publix
Ocala Corners (6)	Tallahassee	FL		2000	2000	4,615	87	100.0%	13.74	Publix
Old St Augustine Plaza	Jacksonville	FL		1996	1990	—	256	100.0%	9.77	Publix, Burlington Coat Factory, Hobby Lobby
Pebblebrook Plaza	Naples-Marco Island	FL	50%	2000	2000	—	77	100.0%	14.58	Publix
Pine Tree Plaza	Jacksonville	FL		1997	1999	—	63	90.7%	13.58	Publix
Plaza Venezia	Orlando	FL	20%	2016	2000	36,500	202	95.1%	25.61	Publix
Regency Square	Tampa-St. Petersburg-Clearwater	FL		1993	1986	—	352	95.9%	16.74	AMC Theater, Michaels, (Best Buy), (Macdill)
Seminole Shoppes	Jacksonville	FL	50%	2009	2009	9,430	77	100.0%	22.04	Publix
Shoppes @ 104	Miami-Fort Lauderdale-Miami Beach	FL		1998	1990	—	108	97.4%	16.98	Winn-Dixie
Shoppes at Bartram Park	Jacksonville	FL	50%	2005	2004	—	126	100.0%	19.13	Publix, (Kohl's)
Shops at John's Creek	Jacksonville	FL		2003	2004	—	15	100.0%	20.78	--
Starke (6)	Other	FL		2000	2000	—	13	100.0%	25.56	--
Suncoast Crossing (6)	Tampa-St. Petersburg-Clearwater	FL		2007	2007	—	118	92.0%	6.14	Kohl's, (Target)
Town Square	Tampa-St. Petersburg-Clearwater	FL		1997	1999	—	44	100.0%	29.32	--
University Commons (6)	Miami-Fort Lauderdale-Miami Beach	FL		2015	2001	37,532	180	100.0%	31.11	Whole Foods, Nordstrom Rack
Village Center	Tampa-St. Petersburg-Clearwater	FL		1995	1993	—	187	99.9%	19.24	Publix
Welleby Plaza	Miami-Fort Lauderdale-Miami Beach	FL		1996	1982	—	110	91.0%	12.54	Publix
Wellington Town Square	Miami-Fort Lauderdale-Miami Beach	FL		1996	1982	12,800	107	94.0%	21.84	Publix
Westchase	Tampa-St. Petersburg-Clearwater	FL		2007	1998	6,623	79	98.5%	15.49	Publix
Willa Springs	Orlando	FL	20%	2000	2000	—	90	100.0%	19.99	Publix
Ashford Place	Atlanta-Sandy Springs-Marietta	GA		1997	1993	—	53	100.0%	20.87	--
Briarcliff La Vista	Atlanta-Sandy Springs-Marietta	GA		1997	1962	—	39	100.0%	20.17	--
Briarcliff Village (6)	Atlanta-Sandy Springs-Marietta	GA		1997	1990	—	190	98.4%	16.01	Publix
Brighten Park (fka Loehmanns Plaza Georgia)	Atlanta-Sandy Springs-Marietta	GA		1997	1986	—	138	97.8%	24.54	The Fresh Market
Buckhead Court	Atlanta-Sandy Springs-Marietta	GA		1997	1984	—	48	100.0%	21.67	--
Cambridge Square	Atlanta-Sandy Springs-Marietta	GA		1996	1979	—	71	100.0%	14.97	Kroger
Cornerstone Square	Atlanta-Sandy Springs-Marietta	GA		1997	1990	—	80	87.6%	16.56	Aldi
Delk Spectrum	Atlanta-Sandy Springs-Marietta	GA		1998	1991	—	99	93.8%	14.89	Publix



Property Name	(1) CBSA	State	(2) Owner-ship Interest	Year Acquired	Year Constructed or Last Major Renovation	Mortgages or Encumbrances (in 000's)	Gross Leasable Area (GLA) (in 000's)	(3) Percent Leased	(4) Average Base Rent (Per Sq Ft)	(5) Grocer(s) & Major Tenant(s) >35,000 SFT
Dunwoody Hall	Atlanta-Sandy Springs-Marietta	GA	20%	1997	1986	—	86	98.5%	17.60	Publix
Dunwoody Village	Atlanta-Sandy Springs-Marietta	GA		1997	1975	—	121	94.4%	18.78	The Fresh Market
Howell Mill Village (6)	Atlanta-Sandy Springs-Marietta	GA		2004	1984	—	92	98.6%	21.69	Publix
Paces Ferry Plaza (6)	Atlanta-Sandy Springs-Marietta	GA		1997	1987	—	65	75.7%	31.82	--
Powers Ferry Square	Atlanta-Sandy Springs-Marietta	GA		1997	1987	—	101	74.3%	32.97	--
Powers Ferry Village	Atlanta-Sandy Springs-Marietta	GA		1997	1994	—	79	100.0%	13.58	Publix
Russell Ridge	Atlanta-Sandy Springs-Marietta	GA		1994	1995	—	101	98.6%	12.82	Kroger
Sandy Springs	Atlanta-Sandy Springs-Marietta	GA		2012	2006	—	116	88.6%	21.56	Trader Joe's
Civic Center Plaza	Chicago-Naperville-Joliet	IL	40%	2005	1989	22,000	265	98.1%	11.25	Super H Mart, Home Depot
Clybourn Commons	Chicago-Naperville-Joliet	IL		2014	1999	—	32	100.0%	36.95	--
Glen Oak Plaza	Chicago-Naperville-Joliet	IL		2010	1967	—	63	95.2%	23.19	Trader Joe's
Hinsdale	Chicago-Naperville-Joliet	IL		1998	1986	—	179	97.8%	15.10	Whole Foods
Riverside Sq & River's Edge	Chicago-Naperville-Joliet	IL	40%	2005	1986	14,998	169	91.1%	16.04	Mariano's Fresh Market
Roscoe Square	Chicago-Naperville-Joliet	IL	40%	2005	1981	11,322	140	100.0%	20.49	Mariano's Fresh Market
Stonebrook Plaza Shopping Center	Chicago-Naperville-Joliet	IL	40%	2005	1984	8,006	96	90.8%	12.09	Jewel-Osco
Westchester Commons (fka Westbrook Commons)	Chicago-Naperville-Joliet	IL		2001	1984	—	139	97.6%	17.73	Mariano's Fresh Market
Willow Festival (6)	Chicago-Naperville-Joliet	IL		2010	2007	39,505	404	100.0%	16.94	Whole Foods, Lowe's
Shops on Main	Chicago-Naperville-Joliet	IN	92%	2013	2013	—	254	97.9%	15.33	Whole Foods, Gordmans
Willow Lake Shopping Center	Indianapolis	IN	40%	2005	1987	—	86	100.0%	16.72	(Kroger)
Willow Lake West Shopping Center	Indianapolis	IN	40%	2005	2001	10,000	53	100.0%	24.94	Trader Joe's
Fellsway Plaza (6)	Boston-Cambridge-Quincy	MA	75%	2013	1959	34,600	155	100.0%	22.69	Stop & Shop
Shops at Saugus	Boston-Cambridge-Quincy	MA		2006	2006	—	87	94.4%	28.86	Trader Joe's
Twin City Plaza	Boston-Cambridge-Quincy	MA		2006	2004	—	274	93.2%	18.16	Shaw's, Marshall's
Burnt Mills (6)	Washington-Arlington-Alexandria	MD	20%	2013	2004	7,000	31	100.0%	38.25	Trader Joe's
Cloppers Mill Village	Washington-Arlington-Alexandria	MD	40%	2005	1995	—	137	92.5%	17.34	Shoppers Food Warehouse
Festival at Woodholme	Baltimore-Towson	MD	40%	2005	1986	20,838	81	95.4%	38.09	Trader Joe's
Firstfield Shopping Center	Washington-Arlington-Alexandria	MD	40%	2005	1978	—	22	95.5%	37.89	--
King Farm Village Center	Washington-Arlington-Alexandria	MD	25%	2004	2001	27,500	118	95.3%	26.04	Safeway
Parkville Shopping Center	Baltimore-Towson	MD	40%	2005	1961	11,559	163	92.5%	15.88	Giant Food
Southside Marketplace	Baltimore-Towson	MD	40%	2005	1990	14,366	125	96.0%	19.34	Shoppers Food Warehouse
Takoma Park	Washington-Arlington-Alexandria	MD	40%	2005	1960	—	104	100.0%	13.02	Shoppers Food Warehouse
Valley Centre	Baltimore-Towson	MD	40%	2005	1987	18,706	220	97.0%	15.77	Aldi, TJ Maxx
Village at Lee Airpark (6)	Baltimore-Towson	MD		2005	2005	—	117	97.9%	28.13	Giant Food, (Sunrise)
Watkins Park Plaza	Washington-Arlington-Alexandria	MD	40%	2005	1985	—	111	100.0%	25.45	LA Fitness
Woodmoor Shopping Center	Washington-Arlington-Alexandria	MD	40%	2005	1954	6,391	69	98.1%	29.71	--
Fenton Marketplace	Flint	MI		1999	1999	—	97	97.1%	7.88	Family Farm & Home



Property Name	(1) CBSA	State	(2) Owner-ship Interest	Year Acquired	Year Constructed or Last Major Renovation	Mortgages or Encumbrances (in 000's)	Gross Leasable Area (GLA) (in 000's)	(3) Percent Leased	(4) Average Base Rent (Per Sq Ft)	(5) Grocer(s) & Major Tenant(s) >35,000 SFT
Apple Valley Square	Minneapolis-St. Paul-Bloomington	MN	25%	2006	1998	—	185	99.0%	12.63	Rainbow Foods, Jo-Ann Fabrics, (Burlington Coat Factory)
Calhoun Commons	Minneapolis-St. Paul-Bloomington	MN	25%	2011	1999	2,282	66	100.0%	24.34	Whole Foods
Colonial Square	Minneapolis-St. Paul-Bloomington	MN	40%	2005	1959	9,633	93	97.4%	22.38	Lund's
Rockford Road Plaza	Minneapolis-St. Paul-Bloomington	MN	40%	2005	1991	20,000	204	100.0%	12.38	Kohl's
Rockridge Center	Minneapolis-St. Paul-Bloomington	MN	20%	2011	2006	14,500	125	96.0%	13.15	Cub Foods
Brentwood Plaza	St. Louis	MO		2007	2002	—	60	100.0%	10.48	Schnucks
Bridgeton	St. Louis	MO		2007	2005	—	71	97.3%	11.93	Schnucks, (Home Depot)
Dardenne Crossing	St. Louis	MO		2007	1996	—	67	100.0%	10.85	Schnucks
Kirkwood Commons	St. Louis	MO		2007	2000	9,978	210	100.0%	9.97	Wal-Mart, (Target), (Lowe's)
Cameron Village	Raleigh-Cary	NC	30%	2004	1949	60,000	558	91.6%	21.75	Harris Teeter, The Fresh Market
Carmel Commons	Charlotte-Gastonia-Concord	NC		1997	1979	—	133	99.2%	19.72	The Fresh Market
Cochran Commons	Charlotte-Gastonia-Concord	NC	20%	2007	2003	5,250	66	98.2%	16.26	Harris Teeter
Colonnade Center	Raleigh-Cary	NC		2009	2009	—	58	100.0%	27.19	Whole Foods
Glenwood Village	Raleigh-Cary	NC		1997	1983	—	43	100.0%	15.34	Harris Teeter
Harris Crossing	Raleigh-Cary	NC		2007	2007	—	65	92.9%	8.54	Harris Teeter
Holly Park	Raleigh-Cary	NC	99%	2013	1969	—	160	93.3%	15.32	Trader Joe's
Lake Pine Plaza	Raleigh-Cary	NC		1998	1997	—	88	100.0%	12.35	Kroger
Maynard Crossing	Raleigh-Cary	NC	20%	1998	1997	—	123	98.9%	15.32	Kroger
Phillips Place	Charlotte-Gastonia-Concord	NC	50%	2012	2005	40,000	133	96.9%	32.29	Dean & Deluca
Providence Commons	Charlotte-Gastonia-Concord	NC	25%	2010	1994	—	74	100.0%	18.20	Harris Teeter
Shoppes of Kildaire	Raleigh-Cary	NC	40%	2005	1986	20,000	145	98.6%	17.91	Trader Joe's
Shops at Erwin Mill (fka Erwin Square)	Durham-Chapel Hill	NC	55%	2012	2012	10,000	87	97.2%	16.97	Harris Teeter
Southpoint Crossing	Durham-Chapel Hill	NC		1998	1998	—	103	93.9%	15.52	Kroger
Sutton Square	Raleigh-Cary	NC	20%	2006	1985	—	101	98.7%	18.79	The Fresh Market
Village Plaza	Durham-Chapel Hill	NC	20%	2012	1975	8,000	75	96.8%	16.89	Whole Foods
Willow Oaks (7)	Charlotte-Gastonia-Concord	NC		2014	2014	—	69	92.9%	16.68	Publix
Woodcroft Shopping Center	Durham-Chapel Hill	NC		1996	1984	—	90	95.7%	12.67	Food Lion
Chimney Rock Crossing (7)	New York-Northern New Jersey-Long Island	NJ		2016	2016	—	218	65.9%	29.73	Whole Foods, Nordstrom Rack
Haddon Commons	Philadelphia-Camden-Wilmington	NJ	40%	2005	1985	—	54	100.0%	13.67	Acme Markets
Plaza Square	New York-Northern New Jersey-Long Island	NJ	40%	2005	1990	13,375	104	100.0%	22.45	Shop Rite
Garden City Park	New York-Northern New Jersey-Long Island	NY		2016	1965	—	105	96.4%	19.55	King Kullen
Lake Grove Commons	New York-Northern New Jersey-Long Island	NY	40%	2012	2008	31,294	141	100.0%	32.78	Whole Foods, LA Fitness
Cherry Grove	Cincinnati-Middletown	OH		1998	1997	—	196	92.3%	11.88	Kroger
East Pointe	Columbus	OH		1998	1993	—	107	98.7%	9.82	Kroger



Property Name	(1) CBSA	State	(2) Owner-ship Interest	Year Acquired	Year Constructed or Last Major Renovation	Mortgages or Encumbrances (in 000's)	Gross Leasable Area (GLA) (in 000's)	(3) Percent Leased	(4) Average Base Rent (Per Sq Ft)	(5) Grocer(s) & Major Tenant(s) >35,000 SFT
Hyde Park	Cincinnati-Middletown	OH		1997	1995	—	397	99.3%	15.63	Kroger, Remke Markets
Kroger New Albany Center	Columbus	OH	50%	1999	1999	—	93	100.0%	11.98	Kroger
Maxtown Road (Northgate)	Columbus	OH		1998	1996	—	105	100.0%	12.62	Kroger, (Home Depot)
Red Bank Village	Cincinnati-Middletown	OH		2006	2006	—	164	100.0%	6.53	Wal-Mart
Regency Commons	Cincinnati-Middletown	OH		2004	2004	—	34	100.0%	22.83	--
Westchester Plaza	Cincinnati-Middletown	OH		1998	1988	—	88	100.0%	9.68	Kroger
Corvallis Market Center	Corvallis	OR		2006	2006	—	85	100.0%	20.08	Trader Joe's
Greenway Town Center	Portland-Vancouver-Beaverton	OR	40%	2005	1979	—	93	94.7%	13.62	Whole Foods
Murrayhill Marketplace	Portland-Vancouver-Beaverton	OR		1999	1988	—	150	85.9%	16.03	Safeway
Northgate Marketplace	Medford	OR		2011	2011	—	81	100.0%	21.68	Trader Joe's
Northgate Marketplace Ph II (7)	Medford	OR		2015	2015	—	177	90.9%	14.68	Dick's Sporting Goods
Sherwood Crossroads	Portland-Vancouver-Beaverton	OR		1999	1999	—	88	93.8%	10.86	Safeway
Tanasbourne Market (6)	Portland-Vancouver-Beaverton	OR		2006	2006	—	71	100.0%	27.53	Whole Foods
Walker Center	Portland-Vancouver-Beaverton	OR		1999	1987	—	90	92.4%	20.32	Bed Bath and Beyond
Allen Street Shopping Center	Allentown-Bethlehem-Easton	PA	40%	2005	1958	—	46	100.0%	14.44	Ahart's Market
City Avenue Shopping Center	Philadelphia-Camden-Wilmington	PA	40%	2005	1960	—	162	89.6%	19.23	Ross Dress for Less
Gateway Shopping Center	Philadelphia-Camden-Wilmington	PA		2004	1960	—	221	94.8%	29.40	Trader Joe's
Hershey (6)	Harrisburg-Carlisle	PA		2000	2000	—	6	100.0%	28.00	--
Lower Nazareth Commons	Allentown-Bethlehem-Easton	PA		2007	2007	—	90	94.2%	24.31	(Wegmans), (Target)
Mercer Square Shopping Center	Philadelphia-Camden-Wilmington	PA	40%	2005	1988	10,849	91	95.9%	22.60	Weis Markets
Newtown Square Shopping Center	Philadelphia-Camden-Wilmington	PA	40%	2005	1970	10,662	143	84.3%	17.80	Acme Markets
Stefko Boulevard Shopping Center	Allentown-Bethlehem-Easton	PA	40%	2005	1976	—	134	93.9%	7.89	Valley Farm Market
Warwick Square Shopping Center	Philadelphia-Camden-Wilmington	PA	40%	2005	1999	9,540	90	95.1%	20.56	Giant Food
Merchants Village	Charleston-North Charleston	SC	40%	1997	1997	9,000	80	100.0%	15.70	Publix
Harpeth Village Fieldstone	Nashville-Davidson--Murfreesboro	TN		1997	1998	—	70	100.0%	14.65	Publix
Northlake Village	Nashville-Davidson--Murfreesboro	TN		2000	1988	—	138	91.5%	13.23	Kroger
Peartree Village	Nashville-Davidson--Murfreesboro	TN		1997	1997	6,153	110	100.0%	18.32	Harris Teeter
Alden Bridge	Houston-Baytown-Sugar Land	TX	20%	2002	1998	—	139	100.0%	19.70	Kroger
Bethany Park Place	Dallas-Fort Worth-Arlington	TX	20%	1998	1998	—	99	100.0%	11.63	Kroger
CityLine Market	Dallas-Fort Worth-Arlington	TX		2014	2014	—	81	100.0%	26.57	Whole Foods
CityLine Market Phase II	Dallas-Fort Worth-Arlington	TX		2014	2015	—	22	100.0%	25.88	--
Cochran's Crossing	Houston-Baytown-Sugar Land	TX		2002	1994	—	138	94.1%	17.77	Kroger
Hancock	Austin-Round Rock	TX		1999	1998	—	410	98.0%	14.86	H.E.B., Sears
Hickory Creek Plaza	Dallas-Fort Worth-Arlington	TX		2006	2006	—	28	100.0%	25.51	(Kroger)
Hillcrest Village	Dallas-Fort Worth-Arlington	TX		1999	1991	—	15	100.0%	45.81	--
Indian Springs Center	Houston-Baytown-Sugar Land	TX		2002	2003	—	137	100.0%	23.76	H.E.B.
Keller Town Center	Dallas-Fort Worth-Arlington	TX		1999	1999	—	120	96.9%	15.31	Tom Thumb



Property Name	(1) CBSA	State	(2) Owner-ship Interest	Year Acquired	Year Constructed or Last Major Renovation	Mortgages or Encumbrances (in 000's)	Gross Leasable Area (GLA) (in 000's)	(3) Percent Leased	(4) Average Base Rent (Per Sq Ft)	(5) Grocer(s) & Major Tenant(s) >35,000 SFT
Lebanon/Legacy Center	Dallas-Fort Worth-Arlington	TX		2000	2002	—	56	100.0%	24.01	(Wal-Mart)
Market at Preston Forest	Dallas-Fort Worth-Arlington	TX		1999	1990	—	96	100.0%	20.35	Tom Thumb
Market at Round Rock	Austin-Round Rock	TX		1999	1987	—	123	100.0%	17.31	Sprout's Markets
Market at Springwoods Village (7)	Houston-Baytown-Sugar Land	TX	53%	2016	2016	—	167	81.5%	11.81	Kroger
Mockingbird Common	Dallas-Fort Worth-Arlington	TX		1999	1987	10,300	120	95.0%	16.86	Tom Thumb
North Hills	Austin-Round Rock	TX		1999	1995	—	144	98.7%	22.16	H.E.B.
Panther Creek	Houston-Baytown-Sugar Land	TX		2002	1994	—	166	100.0%	19.31	Randall's Food
Preston Oaks (6)	Dallas-Fort Worth-Arlington	TX		2013	1991	—	104	94.8%	31.28	H.E.B. Central Market
Prestonbrook	Dallas-Fort Worth-Arlington	TX		1998	1998	6,800	92	100.0%	14.04	Kroger
Shiloh Springs	Dallas-Fort Worth-Arlington	TX	20%	1998	1998	—	110	92.4%	14.21	Kroger
Shops at Mira Vista	Austin-Round Rock	TX		2014	2002	242	68	100.0%	21.58	Trader Joe's
Southpark at Cinco Ranch	Houston-Baytown-Sugar Land	TX		2012	2012	—	265	99.2%	13.04	Kroger, Academy Sports
Sterling Ridge	Houston-Baytown-Sugar Land	TX		2002	2000	13,900	129	100.0%	20.38	Kroger
Sweetwater Plaza	Houston-Baytown-Sugar Land	TX	20%	2001	2000	10,897	135	97.5%	16.88	Kroger
Tech Ridge Center	Austin-Round Rock	TX		2011	2001	7,784	185	98.8%	23.05	H.E.B.
The Village at Riverstone (7)	Houston-Baytown-Sugar Land	TX		2016	2016	—	165	72.3%	9.97	Kroger
Weslayan Plaza East	Houston-Baytown-Sugar Land	TX	40%	2005	1969	—	168	100.0%	19.44	Berings
Weslayan Plaza West	Houston-Baytown-Sugar Land	TX	40%	2005	1969	37,865	186	98.9%	19.25	Randall's Food
Westwood Village	Houston-Baytown-Sugar Land	TX		2006	2006	—	184	96.7%	18.42	(Target)
Woodway Collection	Houston-Baytown-Sugar Land	TX	40%	2005	1974	8,683	97	98.8%	27.53	Whole Foods
Ashburn Farm Market Center	Washington-Arlington-Alexandria	VA		2000	2000	—	92	98.8%	25.31	Giant Food
Ashburn Farm Village Center	Washington-Arlington-Alexandria	VA	40%	2005	1996	—	89	97.3%	13.99	Shoppers Food Warehouse
Belmont Chase	Washington-Arlington-Alexandria	VA		2014	2014	—	91	100.0%	30.32	Whole Foods
Braemar Shopping Center	Washington-Arlington-Alexandria	VA	25%	2004	2004	11,231	96	97.9%	21.63	Safeway
Centre Ridge Marketplace	Washington-Arlington-Alexandria	VA	40%	2005	1996	13,284	104	95.7%	17.86	Shoppers Food Warehouse
Culpeper Colonnade	Culpeper	VA		2006	2006	—	171	98.8%	15.13	Martin's, Dick's Sporting Goods, (Target)
Fairfax Shopping Center	Washington-Arlington-Alexandria	VA		2007	1955	—	68	58.7%	6.69	--
Festival at Manchester Lakes (6)	Washington-Arlington-Alexandria	VA	40%	2005	1990	22,915	169	100.0%	26.44	Shoppers Food Warehouse
Fox Mill Shopping Center	Washington-Arlington-Alexandria	VA	40%	2005	1977	15,955	103	100.0%	24.04	Giant Food
Gayton Crossing	Richmond	VA	40%	2005	1983	—	158	87.1%	15.11	Martin's, (Kroger)
Greenbriar Town Center	Washington-Arlington-Alexandria	VA	40%	2005	1972	49,664	340	97.7%	24.76	Giant Food
Hanover Village Shopping Center	Richmond	VA	40%	2005	1971	—	90	98.4%	9.00	Aldi
Hollymead Town Center	Charlottesville	VA	20%	2003	2004	25,000	154	93.8%	22.74	Harris Teeter, (Target)
Kamp Washington Shopping Center	Washington-Arlington-Alexandria	VA	40%	2005	1960	—	72	95.0%	38.11	Earth Fare
Kings Park Shopping Center (6)	Washington-Arlington-Alexandria	VA	40%	2005	1966	13,482	93	100.0%	28.03	Giant Food
Lorton Station Marketplace	Washington-Arlington-Alexandria	VA	20%	2006	2005	9,875	132	90.5%	23.00	Shoppers Food Warehouse
Market Common Clarendon	Washington-Arlington-Alexandria	VA		2016	2001	—	393	71.5%	31.09	Whole Foods, Crate & Barrel



Property Name	(1) CBSA	State	(2) Owner-ship Interest	Year Acquired	Year Constructed or Last Major Renovation	Mortgages or Encumbrances (in 000's)	Gross Leasable Area (GLA) (in 000's)	(3) Percent Leased	(4) Average Base Rent (Per Sq Ft)	(5) Grocer(s) & Major Tenant(s) >35,000 SFT
Saratoga Shopping Center	Washington-Arlington-Alexandria	VA	40%	2005	1977	10,943	114	96.5%	19.35	Giant Food
Shops at County Center	Washington-Arlington-Alexandria	VA		2005	2005	—	97	91.6%	20.15	Harris Teeter
Shops at Stonewall	Washington-Arlington-Alexandria	VA		2007	2011	—	321	99.1%	17.12	Wegmans, Dick's Sporting Goods
Town Center at Sterling Shopping Center	Washington-Arlington-Alexandria	VA	40%	2005	1980	—	187	90.2%	19.49	Giant Food
Village Center at Dulles	Washington-Arlington-Alexandria	VA	20%	2002	1991	40,812	298	93.3%	25.72	Shoppers Food Warehouse, Gold's Gym
Village Shopping Center	Richmond	VA	40%	2005	1948	15,713	111	98.2%	23.04	Martin's
Willston Centre I	Washington-Arlington-Alexandria	VA	40%	2005	1952	—	105	89.1%	25.98	--
Willston Centre II	Washington-Arlington-Alexandria	VA	40%	2005	1986	27,000	136	96.1%	24.71	Safeway, (Target)
Aurora Marketplace	Seattle-Tacoma-Bellevue	WA	40%	2005	1991	11,395	107	92.3%	16.06	Safeway
Broadway Market (6)	Seattle-Tacoma-Bellevue	WA	20%	2014	1988	21,500	140	96.0%	24.43	Quality Food Centers
Cascade Plaza	Seattle-Tacoma-Bellevue	WA	20%	1999	1999	14,181	215	92.6%	11.68	Safeway
Eastgate Plaza	Seattle-Tacoma-Bellevue	WA	40%	2005	1956	10,101	78	100.0%	24.24	Albertsons
Grand Ridge	Seattle-Tacoma-Bellevue	WA		2012	2012	10,931	326	100.0%	22.65	Safeway, Regal Cinemas
Inglewood Plaza	Seattle-Tacoma-Bellevue	WA		1999	1985	—	17	100.0%	37.39	--
Klahanie Shopping Center	Seattle-Tacoma-Bellevue	WA		2016	1998	—	67	93.3%	30.52	(QFC)
Overlake Fashion Plaza (6)	Seattle-Tacoma-Bellevue	WA	40%	2005	1987	11,850	81	100.0%	24.93	(Sears)
Pine Lake Village	Seattle-Tacoma-Bellevue	WA		1999	1989	—	103	100.0%	23.29	Quality Food Centers
Sammamish-Highlands	Seattle-Tacoma-Bellevue	WA		1999	1992	—	101	100.0%	31.00	(Safeway)
Southcenter	Seattle-Tacoma-Bellevue	WA		1999	1990	—	58	100.0%	28.66	(Target)
Regency Centers Total	`					$1,787,217	37,831	95.4%

(1) CBSA refers to Core Based Statistical Area.

(2) Represents our ownership interest in the property, if not wholly owned.

(3) Includes properties where we have not yet incurred at least 90% of the expected costs to complete and 95% occupied or the anchor has not yet been open for at least two calendar years ("development properties" or "properties in development"). If development properties are excluded, the total percentage leased would be 96.0% for our Combined Portfolio of shopping centers.

(4) Average base rent PSF is calculated based on annual minimum contractual base rent per the tenant lease, excluding percentage rent and recovery revenue.

(5) A retailer that supports our shopping center and in which we have no ownership is indicated by parentheses.

(6) The ground underlying the building and improvements are not owned by Regency or its unconsolidated real estate partnerships, but is subject to a ground lease.

(7) Property in development.

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