COMPANY OVERVIEW Location is Everything

[Pages:2]COMPANY OVERVIEW

Location is Everything

Westwood Financial, LLC owns and operates a portfolio of 72 shopping centers primarily concentrated in California, Arizona, Texas, Colorado, North Carolina, and Georgia. Westwood is a fully integrated and self-managed limited liability company providing property management, leasing, and transaction services for its portfolio of shopping centers. Established in 1970, Westwood restructured its operating model in 2016, consolidating its management company, 76 retail properties, 280 limited partnerships and over 500 limited partners to form a single ownership platform - Westwood Financial, LLC. Since 1989 Westwood Financial has completed over 400 acquisitions, dispositions and debt transactions with an aggregate value of over $4B. The company is headquartered in Los Angeles with regional offices in Dallas, Atlanta and Scottsdale. For more information please visit .

Management Mark Bratt Matt Lougee David Malayil Juyuan Wei Doug Howell Dana Rainford

Board of Directors Howard Banchik Steven Fogel Mark Bratt Martin Caverly Arik Prawer Chris Lee

KEY PERSONNEL

30 years (Formerly CBRE; SITE)

CEO

12 years (Formerly SITE)

EVP, Finance

15 years (Formerly Macerich)

EVP, Leasing

12 years (Formerly Irvine Co.)

VP, SP&A

25 years (10 at WFC)

VP, Property Mgmt

13 years (Formerly Citi)

Head of HR

Founder Founder Westwood Financial 2120 Partners Zillow CEL & Associates

Co-Chairman Co-Chairman

Director Director Director Director

PORTFOLIO OVERVIEW - 3Q19

Properties (Owned) Properties (Managed) Tenant Count SF Managed (mil) Occupancy Rent PSF Grocer Sales PSF Population (3 mile) HH Income (3 mile) Fund Leverage Wtd. Avg. Debt Rate Wtd. Avg. Debt Duration (Yrs)

72 39 1,530 9.6 93.6% $19.07 $556 102,000 $97,000 50% 4.2% 5.8 yrs

Dallas Phoenix Atlanta Los Angeles Chicago

TOP MARKETS BY ABR

Centers

SF (000's)

14

809

9

755

5

469

5

321

7

400

% of ABR 17.5% 14.6% 10.0% 9.1% 7.5%

Kroger Albertsons Publix Sprouts Hy-Vee

TOP TENANTS BY ABR

Stores

SF (000's)

14

643

10

443

5

267

4

128

2

130

% of ABR 6.0% 5.1% 3.2% 2.0% 1.3%

Matt Lougee Executive Vice President, Finance & Accounting mlougee@ 323.986.4247

David Malayil Executive Vice President, Leasing dmalayil@ 213.418.9356

Eric Shulman Vice President, Transactions eshulman@ 323.986.4264

Doug Howell Vice President, Property Management dhowell@ 972.284.0935

Adam Chrisakis Senior Investor Relations Associate achrisakis@ 310.820.5443

Tara Anderson Borysiak Regional Leasing Director - GA, FL, NC, SC tborysiak@ 404.904.9058

Nick Page Regional Leasing Director - AZ, CA, CO, NM, UT, WA npage@ 323.986.4305

Mark Wohlstadter Regional Leasing Director - KS, NE, NY, TX, WI mwohlstadter@ 972.284.0925

11440 San Vicente Blvd, 2nd Floor | Los Angeles, CA 90049 | 310.820.5443 |

COMPANY OVERVIEW

Target Sector (1) Target Sector (2) Deal Size Property Size Unlevered IRR Target Markets

ACQUISITION CRITERIA

Grocery-Anchored, Neighborhood, Community In-Fill, Unanchored Strip Centers $5 Million - $75 Million 5,000 SF - 200,000 SF 6.50% - 9.00%

California, Pacific Northwest, Texas Southeast US, Colorado

PORTFOLIO MAP

WA

CA

CO

AZ TX

Focus States/Markets Westwood Office

IL NC

GA FL

Location is Everything

22001198 22001133 22000099

MERCHANDISING COMPOSITION TREND

Experiences & Services

Products

77% 23%

77% 23%

70% 30%

MERCHANDISING COMPOSITION BY SQUARE FEET

Beauty & Health 10%

General Serv ices

14%

Grocery 45%

Specialty 15%

Food & Bev 16%

Specialty includes: pet stores, home furnishing, office, apparel, etc.

11440 San Vicente Blvd, 2nd Floor | Los Angeles, CA 90049 | 310.820.5443 |

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