MORTGAGE AND OTHER NOTES PAYABLE
INCLUDING WEIGHTED INTEREST RATES AT MARCH 31, 2001
BENEFICIAL EFFECTIVE
100% INTEREST RATE (a) MATURITIES AT BENEFICIAL INTEREST
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3/31/01 3/31/01 3/31/01 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 TOTAL
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CONSOLIDATED FIXED RATE DEBT:
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BEVERLY CENTER 146.0 146.0 8.36% 146.0 146.0
BILTMORE 79.5 79.5 7.68% 0.5 0.8 0.8 0.9 1.0 1.1 1.2 1.2 72.0 79.5
MACARTHUR CENTER 144.5 101.2 7.59% 0.7 1.0 1.1 1.1 1.2 1.3 1.4 1.5 1.7 90.2 101.2
THE MALL AT SHORT HILLS 270.0 270.0 6.70% 1.9 3.0 3.2 3.5 3.7 4.0 4.2 246.4 270.0
OTHER 24.4 24.4 11.91% 0.8 1.8 0.3 0.3 0.3 0.4 0.4 0.1 20.0 0.0 24.4
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TOTAL CONSOLIDATED FIXED 664.4 621.1 7.57% 2.0 5.4 5.3 151.6 6.0 6.5 6.9 7.1 340.1 90.2 621.0
WEIGHTED RATE 7.56% 7.20% 7.02% 8.31% 7.02% 7.02% 7.03% 7.06% 7.28% 7.59%
CONSOLIDATED FLOATING RATE DEBT:
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GREAT LAKES CROSSING 170.0 144.5 6.79% 1.6 142.9 144.5
THE SHOPS AT WILLOW BEND 123.6 123.6 7.14% 123.6 123.6
TWELVE OAKS 50.0 50.0 5.61% 50.0 50.0
OTHER 100.0 100.0 6.26% 100.0 100.0
TRG CREDIT FACILITY 17.4 17.4 6.00% 17.4 17.4
TRG CREDIT FACILITY 118.0 118.0 6.05% 118.0 118.0
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TOTAL CONSOLIDATED FLOATING 579.0 553.5 6.49% 287.0 142.9 123.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 553.6
WEIGHTED RATE 6.05% 6.79% 7.14% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
TOTAL CONSOLIDATED 1,243.5 1,174.6 7.06% 289.0 148.3 128.9 151.6 6.0 6.5 6.9 7.1 340.1 90.2 1,174.6
WEIGHTED RATE 6.06% 6.80% 7.13% 8.31% 7.02% 7.02% 7.03% 7.06% 7.28% 7.59%
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JOINT VENTURES FIXED RATE DEBT: (b)
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ARIZONA MILLS 36.84% 145.7 53.7 7.90% 0.3 0.4 0.5 0.5 0.6 0.6 0.6 0.7 0.8 48.8 53.7
CHERRY CREEK 50.00% 177.0 88.5 7.68% 0.5 1.3 86.7 88.5
FAIR OAKS 50.00% 140.0 70.0 6.60% 70.0 70.0
WESTFARMS 78.94% 100.0 78.9 7.85% 78.9 78.9
WOODLAND 50.00% 66.0 33.0 8.20% 33.0 33.0
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TOTAL JOINT VENTURE FIXED 628.7 324.1 7.58% 0.3 79.4 0.5 34.0 1.8 87.3 0.6 70.7 0.8 48.8 324.2
WEIGHTED RATE 7.90% 7.85% 7.90% 8.19% 7.75% 7.68% 7.90% 6.61% 7.90% 7.90%
JOINT VENTURES FLOATING RATE DEBT:
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DOLPHIN MALL 50.00% 157.9 (c) 79.0 8.14% 79.0 79.0
THE MALL AT MILLENIA 50.00% 8.7 4.4 7.10% 4.4 4.4
STAMFORD TOWN CENTER 50.00% 76.0 38.0 5.96% 38.0 38.0
INTERNATIONAL PLAZA 26.49% 96.2 25.5 6.95% 25.5 25.5
WESTFARMS 78.94% 55.0 43.4 6.23% 43.4 43.4
OTHER 2.7 1.7 8.00% 0.3 0.4 0.4 0.4 0.1 1.7
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TOTAL JOINT VENTURE FLOATING 396.6 191.9 7.09% 0.3 186.3 4.8 0.4 0.1 0.0 0.0 0.0 0.0 0.0 191.9
WEIGHTED RATE 8.00% 7.09% 7.18% 8.00% 8.00% 0.00% 0.00% 0.00% 0.00% 0.00%
TOTAL JOINT VENTURE 1,025.3 516.0 7.40% 0.6 265.7 5.3 34.4 1.9 87.3 0.6 70.7 0.8 48.8 516.1
WEIGHTED RATE 7.95% 7.31% 7.24% 8.19% 7.76% 7.68% 7.90% 6.61% 7.90% 7.90%
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TRG BENEFICIAL INTEREST TOTALS
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FIXED RATE DEBT 945.2 7.57% 2.3 84.8 5.7 185.6 7.8 93.8 7.6 77.8 340.9 138.9 945.2
7.61% 7.81% 7.09% 8.29% 7.19% 7.64% 7.10% 6.65% 7.28% 7.70%
FLOATING RATE DEBT 745.5 6.64% 287.4 329.2 128.4 0.4 0.1 0.0 0.0 0.0 0.0 0.0 745.5
6.05% 6.96% 7.14% 8.00% 8.00% 0.00% 0.00% 0.00% 0.00% 0.00%
TOTAL 1,690.6 7.18% 289.7 413.9 134.2 186.0 7.9 93.8 7.6 77.8 340.9 138.9 1,690.6
6.07% 7.13% 7.14% 8.29% 7.29% 7.64% 7.10% 6.65% 7.28% 7.70%
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Average Maturity 4.73
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(a) Rate includes effect of swap at Dolphin. No caps are in the money at March 31, 2001.
(b) Schedule excludes a $13.8 million related party note payable.
(c) As of 3/31/01, $200 million is swapped to an all-in rate of 8.14%.