BIG USA, RED Development add Kansas City-Area Summit Fair Property to Successful Joint Venture

PHOENIX, AZ (September 2016) – BIG Shopping Centers USA and RED Development today
announced the addition of the 516,268 square-foot Summit Fair property in suburban Kansas City, Mo.,
to their successful joint venture, BIG RED Portfolio, LLC.

Summit Fair is an open-air lifestyle center anchored by Macy’s and JCPenney, with key national retailers
including Victoria’s Secret, Chico’s, Francesca’s and LOFT among a wide range of popular specialty
stores, restaurants and high-profile pop-ups, such as Google Fiber. The BIG RED partnership, first
announced just over a year ago, seeks to maximize market presence and performance of select U.S.
retail properties in the Midwest and West.