LEASE. Retail Division PAD OPPORTUNITIES FOR LEASE ESTIMATED DELIVERY: Q FOR KRIKORIAN CINEMAS PLAZA AT MENIFEE TOWN CENTER

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1 P OPPORTUTS ESTITED DELIVERY: Q Property Highlights This proposed entertainment and destination shopping center development will be the cornerstone of the Menifee Town Center Specific Plan. The Specific Plan is designed to create a landmark activity center featuring retail, commercial, residential and civic uses in the heart of Menifee, which is one of the fastest growing communities in California. At full build out, the Trade Area is projected to have over 500,000 people. Some of the key employment generators who have already committed to the Town Center Development, will be Menifee City Hall, the Riverside County Courthouse and the Santa Rosa Academy. This site is strategically located just west of the 215 Freeway on Newport Road and offers excellent accessibility to the surrounding residential communities of Menifee Valley, Sun City, Quail Valley, Canyon Lake and portions of Romoland. Menifee Lakes Plaza 16 Acre Retail 150,000 SF 94,400 T 215 NEWPORT RD - 32,663 T RD RD - 8,487 T P OPPORTUTS Traffic Counts Interstate 215: Newport Road: Demographics 84,000 T 48,500 T 1 MILE 3 MILES 5 MILES Pop (2016) 9,940 62, ,305 AHH Income $72,127 $72,807 $78,150 Daytime Pop. 3,383 9,404 15,734 Nearby Tenants Coming Q4 2017! 110,000 SF Krikorian Theatre 12 screen cinema, 16 lane bowling alley and Sports Bar & Grill!

2 ASH P 4 : NCEPTUAL FLOOR AN FP-4 THIS AWING IS THE EXCLUSIVE PPERTY OF BVA INC. THE INTION SHOWN Y NOT BE USED NOR THE AWINGS REPDUCED WITHOUT PERMISSION OF BVA INC. AWING TITLE BVA JOB #: P 3 P A T I O S E A T I N G 3'-0" 12'-0" 60'-9" P 2 45'-11" 21'-9" 64'-0" DEMISING WALL FUTURE 15'-6" 46'-6" 37'-3" 2,604 SF 2,013 SF 1,218 SF 2,550 SF 125 sf PPERTY LINE 127'-9" P 1 TOTAL = 7,000 SF 2,000 SF 2,000 SF 2,000 SF 1,000 SF 32'-0" 32'-0" 37'-0" 26'-9" SHOWPP E LLC ASH 63'-0" DATE: ENY DOUBLE DATE: 63'-9" LINE OF ELLIS ABOVE 12'-6" AWING TITLE BVA JOB #: DATE: Aug 22, 2016 THIS AWING IS THE EXCLUSIVE PPERTY OF BVA INC. THE INTION SHOWN Y NOT BE USED NOR THE AWINGS REPDUCED WITHOUT PERMISSION OF BVA INC. Proposed Site Plan 114'-2" N 112'-3" LL UP LDING PPERTY LINE P 3 TOTAL = 8,600 SF KRIKORIAN PREMRE THEAES L O I N G A R E A Aug 22, 2016 P 2 TOTAL = 7,000 SF P 4 DATE: 56'-0" 59'-0" FUTURE LINE OF TOWER ABOVE 2,500 SF 2,000 SF 2,500 SF 20'-0" 20'-0" 33'-0" 39'-3" FUTURE ENY DOUBLE ENY DOUBLE P 1 AWING TITLE BVA JOB #: Aug 22, 2016 P 3 : NCEPTUAL FLOOR AN FP-3 THIS AWING IS THE EXCLUSIVE PPERTY OF BVA INC. THE INTION SHOWN Y NOT BE USED NOR THE AWINGS REPDUCED WITHOUT PERMISSION OF BVA INC. KRIKORIAN PREMRE THEAES SHOWPP E LLC KRIKORIAN PREMRE THEAES SHOWPP E LLC 4,018 SF 72'-8" P 4 TOTAL = 12,500 SF AWING TITLE BVA JOB #: Aug 22, 2016 P 2 : NCEPTUAL FLOOR AN FP-2 THIS AWING IS THE EXCLUSIVE PPERTY OF BVA INC. THE INTION SHOWN Y NOT BE USED NOR THE AWINGS REPDUCED WITHOUT PERMISSION OF BVA INC. KRIKORIAN PREMRE THEAES SHOWPP E LLC P 1 : NCEPTUAL FLOOR AN date drawing no. 36'-7" -2" FP-1 PPOSED SITE AN 229'-0" 2'-0" 225'-0" 2'-0" drawing Jtle E, CALIA NEWPORT RD AND TOWN CENTER IVE project 200 N. Maryland Avenue, Suite 201 Glendale, California (818) Chris Bergren NORTH client 1" = 50' ' 50' 100' PVED 483 SPES 29,536 SF - GCERY 24,000 SF ,000 SF - 2 4,860 SF ,000 SF - 4 4,500 SF - 5 2,675 SF - 6 3,850 SF - 7 2,500 SF SF - TOTAL 1 ±448,145 SF, Krikorian Premiere Theatres ±110,000 SF 12 screen cinema, 16 lane bowling alley and Sports Bar & Grill! PAING BUILDING SITE AREA SITE DATA 19 9 LDING LDING 4 10,000 SF 8 2,500 SF ' 41' 22' 29' ' GCERY 29,536 SF ' 7 3,850 SF ,860 SF 39 38' 36' 38 38' 26' 2 10,000 SF N.A.P. 6 2,675 SF ' ,000 SF ' ' 40 27' 5 4,500 SF ' Layout is schemajc only and is subject to review & approval by governing agencies. Property line and exisjng condijons are from GIS informajon and has not been confirmed. NEWPORT RD NEWPORT RD FULL CESS

3 Proposed Site Plan - Pad 4 229'-0" 2'-0" 225'-0" 2'-0" PPERTY LINE 125 sf * * * P 4 TOTAL = 12,500 SF 2,604 SF 2,013 SF 4,018 SF 1,218 SF 2,550 SF 56'-0" 59'-0" 46'-6" 37'-3" 72'-8" 21'-9" 45'-11" FUTURE ENY DOUBLE 3'-0" 12'-0" P A T I O S E A T I N G 12'-6" H A R D S C A P E D S I D E W A L K 15'-6" P 3 *Lease Out For Signature KRIKORIAN PREMRE THEAES SHOWPP E LLC AWING TITLE BVA JOB #: DATE: P 4 : NCEPTUAL FLOOR AN Aug 22, 2016 FP-4

4 Proposed Site Plan - Pad 1 127'-9" 64'-0" 63'-9" LINE OF ELLIS ABOVE 60'-9" 2,000 SF Suite A DEMISING WALL 1,000 SF Suite B FUTURE 1,000 SF Suite C P 1 TOTAL = 7,000 SF 1,000 SF Suite D 1,000 SF Suite E 2,000 SF 2,000 SF 2,000 SF 1,000 SF 32'-0" 32'-0" 37'-0" 26'-9" 1,000 SF Suite F 36'-7" -2" ENY DOUBLE H A R D S C A P E D S I D E W A L K P 2 KRIKORIAN PREMRE THEAES SHOWPP E LLC AWING TITLE P 1 : NCEPTUAL FLOOR AN BVA JOB #: DATE: Aug 22, 2016 FP-1

5 Proposed Site Plan - Pad 2 112'-3" PPERTY LINE L O I N G A R E A ASH 63'-0" 1,250 SF Suite A 1,250 SF Suite B FUTURE P 2 TOTAL = 7,000 SF 2,000 SF Suite C 2,500 SF 2,000 SF 2,500 SF 1,250 SF Suite D 20'-0" 20'-0" 33'-0" 39'-3" 1,250 SF Suite E LINE OF TOWER ABOVE ENY DOUBLE H A R D S C A P E D S I D E W A L K P 1 AWING TITLE BVA JOB #:

6 Proposed Site Plan - Pad 3 114'-2" ASH N LL UP LDING 8,600 P 3 SF TOTAL = 8,600 SF Pad A P 4 H A R D S C A P E D S I D E W A L K KRIKORIAN PREMRE THEAES SHOWPP E LLC AWING TITLE BVA JOB #: P 3 : NCEPTUAL FLOOR AN DATE: Aug 22, 2016 FP-3

7 Property Overview Tentative Parcel Map H O H O H O H O L L L L L L L L L L L D H O L L D M E N I F E E T O W N C E N T E R M A S T E R P L AIL STEM PASEO KRIKORIANTERTAINNT CENTER RICH DEVELOPNT RAIL CENTER E E E SANTA SA EMY URBAN PA CLUBHOUSE RECREATIONAL CENTER E CITY LL RIVERSE TY URTHOUSE RAIL NEIGHBORHOOD-IA NEIGHBORHOOD IB NEIGHBORHOOD-2 NEIGHBORHOOD-3 NEIGHBORHOOD-4 NEIGHBORHOOD-5A NEIGHBORHOOD-5B MIXED USE E E E E E E 215 A D RD T T P A RD PA RD NEIGHBORHOOD ONE One A 4600 SF House SF Range: Range of Homes: Lot Width x Depth: Single Family Homes 46 x Total Units One B 3080 SF House SF Range: Range of Homes: Lot Width x Depth: Single Family Homes 44 x Total Units I G H B H O O D T W O Two 20.3± 2590 SF Gross Acres: House SF Range: Range of Homes: Net Acres: Lot Width x Depth: Motorcourt 16.8 ± Varies 151 Total Units I G H B H O O D T H R E E Three 11.9± Gross Acres: Minimum Lot Size: Apts SP allows maximum of 5 stories Apartments 10.3± Range of Homes: Net Acres: Lot Width x Depth: Apts Required Minimum 250 Units I G H B H O O D F O U R Four 11.3± 2,840 SF Gross Acres: House SF Range: Range of Homes: Net Acres: Lot Width x Depth: Motorcourt 10.4 ± Varies 126 Total Units I G H B H O O D F I V E Five A 7019 SF House SF Range: Range of Homes: Lot Width x Depth: Single Family Homes Varies 41 Total Units Five B 4938 SF House SF Range: Range of Homes: Lot Width x Depth: Single Family Homes Varies 108 Total Units I G H B H O O D A L L O C A T I O N T O T A L U N I T S 68 Master Plan Highlights: Over 850 Homes 110,000 SF Krikorian Entertainment Venue Riverside County Court House Menifee City Hall

8 Aerial 350 Units 144 Units 1,100 Units 215 Ashton Hills 168Units Menifee Valley Ranch 4,063 Units 229 Units 175 Units SITE MING SOON Glenhurst 488 Units Echo Ridge 115 Units 630 Units Audie Murphy Ranch Canyon Lake 2,137 Units 5,325 Units Proposed Canyon Cove 460 Units Pacific Palms 856 Units Pechanga Development 350,000 Mixed-Use Development Lakes at Menifee 988 Units Nautical Cove 242 Units 174 Units Units 197 Units Menifee Heights 411 Units 76 Units Cimmaron Valley 537 Units 95 Units 189 Units 126 Units 469 Units 494 Units 30 Units Menifee Valley Town Center 1,147 Units 116 Units The Farm 1,437 Units

9 Demographics SWC Newport Road & Haun Road, Menifee, CA Prepared by Esri Lat.: Long.: Latitude: Ring: 1 mile radius Longitude: Summary Population 8,624 9,940 10,761 Households 2,944 3,306 3,542 Families 2,257 2,530 2,712 Average Household Size Owner Occupied Housing Units 2,162 2,347 2,512 Renter Occupied Housing Units ,029 Median Age Trends: Annual Rate Area State National Population 1.60% 0.87% 0.84% Households 1.39% 0.79% 0.79% Families 1.40% 0.79% 0.72% Owner HHs 1.37% 0.69% 0.73% Median Household Income 2.87% 2.73% 1.89% Households by Income Number Percent Number Percent <$15, % % $15,000 - $24, % % $25,000 - $34, % % $35,000 - $49, % % $50,000 - $74, % % $75,000 - $99, % % $100,000 - $149, % % $150,000 - $199, % % $200, % % Median Household Income $65,190 $75,085 Average Household Income $72,127 $77,985 Per Capita Income $23,103 $24,740 Population by Age Number Percent Number Percent Number Percent % % % % % % % % % % % % % % % , % 1, % 2, % , % 1, % 1, % , % 1, % 1, % % 1, % 1, % % % % % % % % % % Race and Ethnicity Number Percent Number Percent Number Percent White Alone 6, % 7, % 7, % Black Alone % % % American Indian Alone % % % Asian Alone % % % Pacific Islander Alone % % % Some Other Race Alone % 1, % 1, % Two or More Races % % % Hispanic Origin (Any Race) 2, % 3, % 4, % ta Note: Income is expressed in current dollars. SWC Newport Road & Haun Road, Menifee, CA Prepared by Esri Lat.: Long.: Latitude: Ring: 3 mile radius Longitude: Summary Population 54,535 62,914 69,001 Households 19,788 22,103 23,897 Families 13,965 15,687 17,016 Average Household Size Owner Occupied Housing Units 15,077 16,460 17,741 Renter Occupied Housing Units 4,711 5,643 6,157 Median Age Trends: Annual Rate Area State National Population 1.86% 0.87% 0.84% Households 1.57% 0.79% 0.79% Families 1.64% 0.79% 0.72% Owner HHs 1.51% 0.69% 0.73% Median Household Income 1.99% 2.73% 1.89% Households by Income Number Percent Number Percent <$15,000 1, % 2, % $15,000 - $24,999 2, % 2, % $25,000 - $34,999 2, % 2, % $35,000 - $49,999 3, % 3, % $50,000 - $74,999 4, % 3, % $75,000 - $99,999 3, % 3, % $100,000 - $149,999 3, % 4, % $150,000 - $199,999 1, % 1, % $200, % % Median Household Income $56,737 $62,625 Average Household Income $72,807 $79,978 Per Capita Income $25,478 $27,566 Population by Age Number Percent Number Percent Number Percent 0-4 3, % 4, % 4, % 5-9 3, % 4, % 4, % , % 4, % 4, % , % 3, % 3, % , % 3, % 3, % , % 8, % 10, % , % 7, % 8, % , % 7, % 6, % , % 6, % 7, % , % 6, % 7, % , % 4, % 5, % 85+ 1, % 1, % 2, % Race and Ethnicity Number Percent Number Percent Number Percent White Alone 39, % 43, % 45, % Black Alone 3, % 3, % 4, % American Indian Alone % % % Asian Alone 3, % 4, % 4, % Pacific Islander Alone % % % Some Other Race Alone 5, % 7, % 8, % Two or More Races 2, % 3, % 4, % Hispanic Origin (Any Race) 15, % 20, % 25, % a Note: Income is expressed in current dollars.

10 Demographics SWC Newport Road & Haun Road, Menifee, CA Prepared by Esri Lat.: Long.: Latitude: Ring: 5 mile radius Longitude: Summary Population 104, , ,861 Households 35,841 40,148 43,405 Families 26,188 29,467 31,936 Average Household Size Owner Occupied Housing Units 27,694 30,276 32,550 Renter Occupied Housing Units 8,147 9,872 10,854 Median Age Trends: Annual Rate Area State National Population 1.85% 0.87% 0.84% Households 1.57% 0.79% 0.79% Families 1.62% 0.79% 0.72% Owner HHs 1.46% 0.69% 0.73% Median Household Income 2.76% 2.73% 1.89% Households by Income Number Percent Number Percent <$15,000 3, % 3, % $15,000 - $24,999 3, % 3, % $25,000 - $34,999 3, % 3, % $35,000 - $49,999 5, % 5, % $50,000 - $74,999 7, % 6, % $75,000 - $99,999 5, % 7, % $100,000 - $149,999 6, % 7, % $150,000 - $199,999 2, % 3, % $200,000+ 1, % 1, % Median Household Income $60,454 $69,276 Average Household Income $78,150 $86,175 Per Capita Income $26,192 $28,470 Population by Age Number Percent Number Percent Number Percent 0-4 7, % 8, % 9, % 5-9 7, % 8, % 9, % , % 8, % 9, % , % 7, % 7, % , % 7, % 6, % , % 16, % 20, % , % 15, % 17, % , % 14, % 13, % , % 13, % 13, % , % 11, % 12, % , % 7, % 8, % 85+ 2, % 3, % 3, % Race and Ethnicity Number Percent Number Percent Number Percent White Alone 74, % 82, % 87, % Black Alone 5, % 6, % 7, % American Indian Alone % % 1, % Asian Alone 5, % 7, % 8, % Pacific Islander Alone % % % Some Other Race Alone 12, % 16, % 19, % Two or More Races 5, % 6, % 7, % Hispanic Origin (Any Race) 32, % 42, % 51, % ta Note: Income is expressed in current dollars.