1st QUARTER ACTIVITY AT COMBINED PROPERTIES

FOR IMMEDIATE RELEASE Washington, DC (April 23, 2014) --- Leasing activity at Combined Properties was robust with the st signing of (2) anchor tenants. During the 1 quarter 94,832 SF of retail space was leased and 10 stores occupying 26,149 SF opened for business. New leases during 1st quarter include: Seton Medical Group New York Mart Sleepy's United Martial Arts Jamra & Jamra, LLP Title Max Martinizing Dry Cleaning Ganpati Foods Jersey Mike's Subs Weight Watchers The Nail Bar & Spa Heery International, Inc. Liberty Tax Service Cattan Group These stores opened 1st quarter: Sleepy's The Meat House The Little Gym Lasky Pediatric Dental China 88 Isola di Pace Milk & Berry Yogurt Liberty Tax Way Z Hair Salon Mathnasium 38,124 SF 26,770 SF 5,800 SF 5,000 SF 4,499 SF 3,000 SF 2,400 SF 2,000 SF 1,653 SF 1,600 SF 1,300 SF 1,240 SF 1,200 SF 246 SF 40 West Plaza (Baltimore, MD) College Plaza (Rockville, MD) Greenway Center (Greenbelt, MD) Manaport Plaza (Manassas, VA) 9320 Wilshire Blvd (Beverly Hills, CA) Chantilly Plaza (Chantilly, VA) Turnpike Shopping Center (Fairfax, VA) College Plaza (Rockville, MD) Mart of Montebello (Montebello, CA) Turnpike Shopping Center (Fairfax, VA) Foothill Ranch (Lake Forest, VA) Kings Road (West Hollywood, CA) Charles County Plaza (Waldorf, MD) Chatsworth Plaza (Chatsworth, CA) Greenway Center (Greenbelt, MD) Turnpike Shopping Center (Fairfax,MD) Rolling Valley Mall (Burke, VA) The Center at Coldwater (Studio City, CA) Chantilly Plaza (Chantilly, VA) Courthouse Plaza (Fairfax, VA) Rolling Valley Mall (Burke, VA) Charles County Plaza (Waldorf, MD) Charles County Plaza (Waldorf, MD) White Flint Plaza (Rockville, MD)

5,800 SF 3,500 SF 3,300 SF 3,234 SF 2,750 SF 2,500 SF 1,500 SF 1,200 SF 1,200 SF 1,165 SF

Firm Background Combined Properties, Incorporated is a full-service real estate firm headquartered in Washington, DC with an office in Beverly Hills, CA. Founded in 1984, Combined Properties has consistently been ranked as one of the top private owners of retail centers in the Washington metropolitan area. With a portfolio comprised of 5 million square feet and a $1 billion development pipeline, the firm is now branching out from its concentration in retail real estate by applying its multidisciplinary expertise in the areas of development, asset management, leasing, and finance, to developing innovative mixed-use properties. For more information visit our website: www.combined.biz

Contact: Linda Dreyer, Director of Marketing 202.736.2813