Independent Director Nominee Age: 61 Director Since: 2013 Board Committees: Audit Capital Allocation Nominating and Corporate Governance Executive Key Qualifications, Experience and Attributes: With over 25 years in the real estate industry and extensive transactional and management experience, Ms. Stephen has a broad understanding of the operational, financial and strategic issues facing real estate companies, including shopping center and mall companies. She brings management expertise, leadership capabilities, financial knowledge and business acumen to our Board. Her significant international investment experience also provides a global perspective as well as international relationships. In addition, her service on various boards provides valuable insight and makes her an important contributor to our Board. Principal Occupation and Business Experience: Ms. Stephen served as Executive Vice President, Investments for The Cadillac Fairview Corporation Limited ( Cadillac Fairview ), one of North America s largest real estate companies, from October 2002 to December 2011 and as Senior Vice President, Investments for Cadillac Fairview from May 2000 to October 2002, where she was responsible for developing and executing Cadillac Fairview s investment strategy. Prior to joining Cadillac Fairview, Ms. Stephen held the position of Director, Real Estate with the Ontario Teachers Pension Plan Board, the largest single profession pension plan in Canada, from December 1999 to May 2000, as well as various portfolio manager positions from September 1995 to December 1999. Other Public Company Boards: Slate Grocery REIT Former Public Company Directorships Within the Last Five Years: First Capital Real Estate Investment Trust Selected Directorships and Memberships: Enwave Energy Corporation Willow Bridge Property Company