Market Overview

CIM Group and The Hollywood Pantages Theatre Sign Agreement to Bring Broadway Programming to Dolby Theatre

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Agreement adds to the array of events and entertainment at the Dolby
that includes live broadcast, concerts, movie premieres and the annual
Academy Awards
®

CIM Group®, owner and operator of the iconic Dolby Theatre at
Hollywood & Highland Center®, and The Hollywood Pantages
Theatre, Los Angeles' foremost presenter of first-class touring Broadway
productions at the prominent location of Hollywood and Vine, today
announced an agreement for The Hollywood Pantages Theatre to bring
Broadway productions to Dolby Theatre beginning in 2020. Both theatres
hold famed locations on Hollywood Boulevard and provide distinct
entertainment options.

The Hollywood Pantages Theatre is a premier venue and an historic gem
known for bringing exceptional Broadway productions to Los Angeles. Many
of these productions have drawn heightened interest in recent years for
long-term engagements in Hollywood, and partnering with Dolby Theatre, a
richly appointed and technically sophisticated theatre, allows for these
complementary venues to further cement Hollywood as the entertainment
capital.

Dolby Theatre will continue to program and host a variety of live
television productions, movie premieres, concerts, cultural, civic and
arts events including the annual Academy Awards®. Recent
programming at Dolby has included several seasons of America's Got
Talent
; the American Film Institute's Lifetime Achievement Award
– George Clooney
; film premieres for Blank Panther and Solo:
A Star Wars Story;
showcases for Trevor Noah, Andrea Bocelli, Carol
Burnett, and Neal deGrasse Tyson; and The Paley Center for Media's
Paleyfest.

"Broadway is creating captivating productions that are enjoying
sold-out runs in New York and on tour. This arrangement benefits Los
Angeles and the region as audiences will be drawn to an expanded array
of acclaimed productions available in Hollywood," said Shaul Kuba,
Co-Founder and Principal of CIM Group. "Dolby Theatre is internationally
recognized and with its advanced technology that provides for
state-of-the-art sound and projection, television production
capabilities and stunning interior, it is a sought-after option for a
host of productions. The Hollywood Pantages Theatre bringing Broadway
shows to Dolby Theatre complements our program lineup."

James L. Nederlander, President of the Nederlander Organization, said,
"My father first began investing in Hollywood in 1977 when he purchased
The Pantages Theatre. Since then we have had one goal, which is to bring
the best of Broadway to all of Los Angeles. That commitment is
strengthened with our agreement to begin presenting shows at Dolby
Theatre in 2020. Audiences from all over Los Angeles and beyond will be
thrilled to have yet another terrific venue in which to enjoy the Best
of Broadway on the West Coast."

About Dolby Theatre

Opened in 2001, the 180,000-square-foot, 3,400-seat Dolby Theatre® with
cutting edge technologies sets the stage for entertainment technology as
a host of the world's biggest movie premieres, events, and performances.
Dolby Theatre is an ongoing showcase for the latest innovations in Dolby
entertainment technology, including Dolby® Atmos™, a breakthrough audio
technology that delivers a natural, life-like sensory experience. Dolby
Theatre also features Dolby 3D, a state-of-the-art imaging solution that
provides audiences with a superior 3D experience. Dolby Theatre is
located within the Hollywood & Highland, which consists of over 640,000
square feet of space featuring national, regional and local retail
tenants, a variety of restaurants, several of Hollywood's hottest
nightclubs, a six screen state-of-the-art cinema adjacent to the
world-famous TCL Chinese Theatre and the 640 room Loews Hollywood Hotel. www.dolbytheatre.com.

About The Hollywood Pantages Theatre

The Hollywood Pantages is part of The Nederlander Organization, which
owns or operates venues on Broadway, Chicago, San Diego, San Jose,
Tucson, Durham, Oklahoma City, N. Charleston, and London. The Hollywood
Pantages is the foremost presenter of first-class touring productions in
Los Angeles, with over 35,000 season ticket holders. Presentations
include Hamilton, Disney's The Lion King, Wicked, The
Book of Mormon, and The Phantom of the Oper
a. www.hollywoodpantages.com.

About CIM Group

CIM is a community-focused real estate and infrastructure owner,
operator and lender. Since 1994, CIM has led more than $56 billion of
projects in communities across the Americas on behalf of its own account
and its partners, co-investors and shareholders. CIM's broad in-house
expertise includes decades of research, acquisition, credit analysis,
development, finance, leasing and asset management experience in urban
real assets, net-lease assets and other associated credit strategies.
Utilizing its disciplined approach and extensive in-house expertise, CIM
seeks to maximize value in projects, which ultimately enhances
communities. For more information, visit www.cimgroup.com.

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