Exhibit 99
MORTGAGE AND OTHER NOTES PAYABLE
INCLUDING WEIGHTED INTEREST RATES AT JUNE 30, 2006
(in millions of dollars, amounts may not add due to rounding)
| | | | | | | | | | | | | | | | | | | |
|---|
| |
100% | Beneficial
Interest | Effective
Rate |
(a) | LIBOR
Rate |
|
| | 6/30/06 | 6/30/06 | 6/30/06 | | Spread | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | Total |
Consolidated Fixed Rate Debt: | | | | | | | | | | | | | | | | | | |
|
Beverly Center
Cherry Creek Shopping Center
Great Lakes Crossing
International Plaza
MacArthur Center
Northlake Mall
Regency Square
Stony Point Fashion Park
The Mall at Short Hills
The Mall at Wellington Green | 50.00%
50.10%
95.00%
90.00% | 345.9
280.0
144.1
180.4
139.6
215.5
78.3
112.5
540.0
200.0 | 345.9
140.0
144.1
90.3
132.8
215.5
78.3
112.5
540.0
180.0 | 5.28%
5.24%
5.25%
4.38%
6.85%
5.41%
6.75%
6.24%
5.47%
5.44% |
(b)
(c)
| | 2.3
1.2
0.8
1.3
0.5
0.7
| 4.8
2.5
1.7
2.7
1.1
1.5
| 5.0
2.6
87.8
2.8
1.2
1.5
| 5.4
2.7
3.0
1.3
1.6
| 5.7
2.9
122.9
1.4
1.8
| 6.0
3.0
72.8
1.9
| 6.3
3.2
2.0
| 6.6
126.0
2.1
| 303.8
99.5
|
540.0
180.0 |
140.0
215.5
| 345.9
140.0
144.1
90.3
132.8
215.5
78.3
112.5
540.0
180.0 |
|
Total Consolidated Fixed
Weighted Rate
Consolidated Floating Rate Debt:
Dolphin Mall
TRG Revolving Credit
TRG Revolving Credit
Other |
| 2,236.4
5.47%
140.1
0.0
0.0
1.0 | 1,979.4
5.53%
140.1
0.0
0.0
0.5 |
7.35%
8.25% |
(d)
(e)
(f)(i)
|
2.15%
0.80%
| 6.8
5.68%
140.1
0.1 | 14.3
5.68%
(g)
0.2 | 100.9
4.57%
0.0
0.0
0.1 | 14.1
5.86%
(h)
0.1 | 134.6
6.74%
| 83.7
6.58%
| 11.4
5.44%
| 134.8
5.27%
| 403.3
5.52%
| 720.0
5.46%
| 355.5
5.34%
| 1,979.4
140.1
0.0
0.0
0.5 |
|
Total Consolidated Floating
Weighted Rate
Total Consolidated
Weighted Rate | | 141.1
7.36%
2,377.5
5.58% | 140.6
7.35%
2,120.0
5.65% | | | | 140.2
7.35%
147.0
7.27% | 0.2
8.25%
14.4
5.71% | 0.1
8.25%
101.1
4.58% | 0.1
8.25%
14.2
5.88% |
134.6
6.74% |
83.7
6.58% |
11.4
5.44% |
134.8
5.27% |
403.3
5.52% |
720.0
5.46% |
355.5
5.34% | 140.6
2,120.0
|
|
| Joint Ventures Fixed Rate Debt: |
|
Arizona Mills
Fair Oaks
The Mall at Millenia
Sunvalley
Westfarms | 50.00%
50.00%
50.00%
50.00%
78.94% | 138.6
140.0
210.0
128.9
200.0 | 69.3
70.0
105.0
64.5
157.9 | 7.90%
6.60%
5.46%
5.67%
6.10% | | | 0.4
0.5
1.1 | 0.9
1.0
2.4 | 0.9
70.0
0.9
1.1
2.6 | 1.0
1.4
1.2
2.7 | 66.0
1.5
1.2
2.9 |
1.6
1.3
3.1 |
1.6
58.2
142.9 |
98.1
|
|
|
| 69.3
70.0
105.0
64.5
157.9 |
|
Total Joint Venture Fixed
Weighted Rate
Joint Ventures Floating Rate Debt:
Other |
| 817.5
6.26%
2.9 | 466.6
6.24%
1.8 |
7.99% |
|
| 2.0
6.35%
0.4 | 4.3
6.36%
0.6 | 75.5
6.57%
0.3 | 6.3
6.17%
0.3 | 71.7
7.73%
0.1 | 6.0
5.84%
| 202.7
5.97%
| 98.1
5.46%
|
|
|
| 466.6
1.8 |
|
Total Joint Venture Floating
Weighted Rate
Total Joint Venture
Weighted Rate | | 2.9
7.99%
820.4
6.26% | 1.8
7.99%
468.4
6.25% | | | | 0.4
7.99%
2.5
6.64% | 0.6
7.99%
5.0
6.56% | 0.3
7.99%
75.8
6.58% | 0.3
7.99%
6.6
6.25% | 0.1
7.99%
71.8
7.73% |
6.0
5.84% |
202.7
5.97% |
98.1
5.46% |
|
|
| 1.8
468.4
|
|
TRG Beneficial Interest Totals
Fixed Rate Debt
Floating Rate Debt
Total
| |
3,053.9
5.68%
144.0
7.37%
3,197.9
5.76%
|
2,446.0
5.67%
142.4
7.36%
2,588.5
5.76%
| |
| |
8.8
5.83%
140.7
7.35%
149.5
7.26% |
18.6
5.84%
0.8
8.04%
19.4
5.92% |
176.4
5.43%
0.5
8.06%
176.8
5.43% |
20.4
5.96%
0.4
8.07%
20.8
6.00% |
206.3
7.09%
0.1
7.99%
206.4
7.09% |
89.7
6.53%
89.7
6.53% |
214.1
5.94%
214.1
5.94% |
232.9
5.35%
232.9
5.35% |
403.3
5.52%
403.3
5.52% |
720.0
5.46%
720.0
5.46% |
355.5
5.34%
355.5
5.34% |
2,446.0
142.4
2,588.5
|
Average Maturity
| | | | | | | 6.92
=======
| | | | | | | | | | | |
| (a) | Includes the impact of interest rate swaps, if any, but does not include effect of amortization of debt issuance costs, losses on settlement of derivatives used to hedge the refinancing of certain fixed rate debt, or interest rate cap premiums. |
| (b) | Debt is reduced by $0.2 million of purchase accounting discount from acquisition which increases the stated rate on the debt of 4.21% to an effective rate of 4.38%. |
| (c) | Debt includes $3.2 million of purchase accounting premium from acquisition which reduces the stated rate on the debt of 7.59% to an effective rate of 6.85%. |
| (d) | The debt is floating month to month at LIBOR plus spread and the entire debt balance is capped at 7% plus spread to February 2007. |
| (f) | LIBOR rate floats month to month. |
| (g) | The Company has given notice to pay off the loan when it becomes prepayable without penalty in August 2006. |
| (h) | In August 2006 the maturity date is expected to be extended to 2009 with a 1 year extension option. |
| (i) | LIBOR spread is expected to be reduced in August 2006 to 0.70%. |
