Gadsden Growth Properties Acquires $240 Million Mixed-Use Asset in San Francisco Bay Area

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Gadsden Growth Properties, Inc., a privately-held real estate
corporation, (“Gadsden”), which signed an agreement in November 2018 to
merge with FC Global Realty Incorporated (OTC Pink: FCRE; TASE: FCRE “FC
Global”), today announced that it has acquired Mission Hills Square, a
mixed-use ground up development that includes 158 residential apartment
units and 53,900 square feet of retail space for approximately $240
million in a combination of cash and stock.

“This acquisition is indicative of our core strategy of buying strong
retail and mixed-use assets in secondary markets with robust economic
and socioeconomic tailwinds,” stated John E. Hartman, Chief Executive
Officer of Gadsden Growth Properties, Inc.
“Fremont is a secondary
city to both San Jose and San Francisco and is more affordable by Bay
Area standards. We believe this asset significantly increases the
Company’s NAV and enhances the overall quality of our portfolio.”

Mission Hills Square is a new mixed-use development located in Fremont,
California and slated for completion in October 2019. Situated in the
foothills of the San Francisco Bay Area along Highway 680, Mission Hills
Square will offer 158 residential apartment units above 53,900 square
feet of commercial retail space. Mission Hills future commercial tenants
are anticipated to include retail stores, sit-down restaurants, and
casual eateries that will serve not only the residents of Mission Hills
but also the populations that live in the surrounding areas, as Mission
Hills Square will be an easily accessible shopping and dining
destination.

As a suburb of the San Francisco Bay Area, Mission Hills Square benefits
from a high quality of life, and a well-educated work force boasting
median incomes that exceed $100,000 within a 5-mile radius. The project
is in proximity to major employers, such as Facebook, Apple and other
high-tech companies. In addition, demand for housing, coupled with low
supply and high occupancy in the area, supports an inherent demand for
both apartments and retail.

About Gadsden

Gadsden Growth Properties, Inc. is a Maryland corporation that was
formed on August 11, 2016. Gadsden’s business strategy will focus on the
acquisition, development and management of property across retail,
medical office and mixed-use investment segments in secondary and
tertiary cities in the United States. Gadsden is a privately-held
corporation and its securities do not trade on any marketplace.
Additional information about Gadsden Growth Properties, Inc. may be
found online at www.gadsdenreit.com.

More information regarding the merger and related transactions between
FC Global and Gadsden are available in the registration statement that
was filed by FC Global on November 9, 2018 and thereafter amended with
the latest amendment having been filed on January 30, 2019 (the
“Registration Statement”).

Forward-Looking Statements

DISCLOSURE NOTICE: This document contains “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, related to Gadsden and its acquisition of the Mission Hills
property. All statements other than statements of historical fact are
forward-looking statements for purposes of federal and state securities
laws. The forward looking statements in this press release include
statements regarding the successful completion of the development of
Mission Hills Square, the ability of Gadsden to successfully lease up
the property and achieve occupancy levels that allow for the property to
become profitable, and statements regarding Freemont California being a
robust economic city with socioeconomic tailwinds. These forward-looking
statements involve uncertainties and risks that could significantly
affect the financial or operating results of Gadsden and its newly
acquired Mission Hills Square property, including the types of risks
described in the Registration Statement.

Gadsden does not assume any obligation to update the forward-looking
statements contained in this document as the result of new information
or future events or developments.

Contacts

Investor Inquiries
Gadsden Growth
Properties:

Mary Jensen
IRRealized, LLC
(310)
526-1707