Developing a Treasure Trove of Retail Real Estate Data A Presentation for NCREIF Research Leadership Summit Fairmont Hotel, Chicago, Illinois September 19, 2013 Michael P. Niemira Michael P. Niemira Vice President, Chief Economist & Director of Research International Council of Shopping Centers 1221 Avenue of the Americas, 41st Floor New York, New York

International Council of Shopping Centers Founded in 1957, the International Council of Shopping Centers (ICSC) is the global trade association of the shopping-center industry. With over 60,000 members in the U.S., Canada and more than 80 other countries, its members include shopping-center owners, developers, managers, marketing specialists, investors, lenders, retailers and other professionals as well as academics and public officials. As the global industry trade association, ICSC links with more than 25 national and regional shopping center councils throughout the world.

Retail Real Estate Data Retail Real Estate Data ICSC’s Mission Statement Member Database Performance Benchmarking Mall Sales Department Store Sales (Metro Markets) Factory Outlet Sales Chain Store Sales SCORE and Dollars and Cents/SCORE ICSC-Trepp Initiative Global Shopping-Center Directory (ICSC-Real Capital Analytics)

ICSC’s By-Laws Committed to Industry Statistics … One of ICSC’s Missions is “Collecting and disseminating information pertaining to the shopping-center industry, including statistical data and other statistical research.” 1

Members have access to ICSC’s statistical database of over 12,000 industry statistics and about 400 tables and charts eData transitioning to QuickStats Location “A”“B” Open Access to Sections Denoted as “A” and “B” – View What is Available 2

Entering the Data Facility… “A” “B” 3

Typical Table Output… 4

Selecting Series… 5

Typical Series Output… Full documentation followed by the data. Different data frequencies are put into different tabs. 6

Range of Statistics Currently in the Database 7

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Regions Covered in the ICSC Database United States CanadaEuropeAsia-Pacific All Other Global 10

ICSC Benchmarking Mall Sales – Collected for U.S. and Canada Department Store Sales (Metro Markets) – No Longer Collected Factory Outlet Sales – No Longer Collected Chain Store Sales SCORE then Dollars and Cents/SCORE – Superceded Trepp 11

ICSC-Trepp Project 12

ICSC-RCA GSCD Project 13

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Converging Projects Converging Projects Classification of Centers (Software Being Redeveloped) ICSC-Trepp Performance Benchmarking ICSC-RCA GSCD Stock Benchmarking 15