| Exhibit 99 (a) | ||||||||||||||||||||
| MORTGAGE AND OTHER NOTES PAYABLE (a) | ||||||||||||||||||||
| INCLUDING WEIGHTED AVERAGE INTEREST RATES AT DECEMBER 31, 2008 | ||||||||||||||||||||
| (in millions of dollars, amounts may not add due to rounding) | ||||||||||||||||||||
| Beneficial | Effective | LIBOR | ||||||||||||||||||
| 100% | Interest | Rate | Rate | Principal Amortization and Debt Maturities | ||||||||||||||||
| 12/31/08 | 12/31/08 | 12/31/08 | (b) | Spread | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | Total | ||||||
| Consolidated Fixed Rate Debt: | ||||||||||||||||||||
| Beverly Center | 333.7 | 333.7 | 5.28% | 5.4 | 5.7 | 6.0 | 6.3 | 6.6 | 303.8 | 333.7 | ||||||||||
| Cherry Creek Shopping Center | 50.00% | 280.0 | 140.0 | 5.24% | 140.0 | 140.0 | ||||||||||||||
| Great Lakes Crossing | 137.9 | 137.9 | 5.25% | 2.7 | 2.9 | 3.0 | 3.2 | 126.0 | 137.9 | |||||||||||
| MacArthur Center | 95.00% | 132.5 | 125.9 | 6.93% | (c) | 3.0 | 122.9 | 125.9 | ||||||||||||
| Northlake Mall | 215.5 | 215.5 | 5.41% | 215.5 | 215.5 | |||||||||||||||
| Regency Square | 75.4 | 75.4 | 6.75% | 1.3 | 1.4 | 72.7 | 75.4 | |||||||||||||
| Stony Point Fashion Park | 108.9 | 108.9 | 6.24% | 1.6 | 1.8 | 1.9 | 2.0 | 2.1 | 99.5 | 108.9 | ||||||||||
| The Mall at Short Hills | 540.0 | 540.0 | 5.47% | 540.0 | 540.0 | |||||||||||||||
| The Mall at Wellington Green | 90.00% | 200.0 | 180.0 | 5.44% | 180.0 | 180.0 | ||||||||||||||
| The Pier Shops at Caesars | 77.50% | 135.0 | 104.6 | 6.01% | 104.6 | 104.6 | ||||||||||||||
| Total Consolidated Fixed | 2,158.9 | 1,962.0 | 14.1 | 134.6 | 83.6 | 11.4 | 134.8 | 403.3 | 720.0 | 355.5 | 104.6 | 1,962.0 | ||||||||
| Weighted Rate | 5.59% | 5.61% | 5.88% | 6.81% | 6.58% | 5.44% | 5.27% | 5.52% | 5.46% | 5.34% | 6.01% | |||||||||
| Consolidated Floating Rate Debt: | ||||||||||||||||||||
| International Plaza | 50.10% | 325.0 | 162.8 | 5.01% | (d) | 162.8 | (e) | 162.8 | ||||||||||||
| The Mall at Partridge Creek (f) | 72.8 | 72.8 | 2.27% | (g) | 1.15% | 72.8 | 72.8 | |||||||||||||
| Other (h) | 0.2 | 0.1 | 3.25% | 0.1 | 0.1 | |||||||||||||||
| TRG Revolving Credit | 10.9 | 10.9 | 1.13% | (i) | 10.9 | 10.9 | ||||||||||||||
| TRG $550M Revolving Credit Facility: | ||||||||||||||||||||
| Dolphin Mall (j) | 139.0 | 139.0 | 2.60% | (g) | 0.70% | 139.0 | (k) | 139.0 | ||||||||||||
| Fairlane Town Center (j) | 80.0 | 80.0 | 2.60% | (g) | 0.70% | 80.0 | (k) | 80.0 | ||||||||||||
| Twelve Oaks Mall (j) | 10.0 | 10.0 | 2.60% | (g) | 0.70% | 10.0 | (k) | 10.0 | ||||||||||||
| Total Consolidated Floating | 637.9 | 475.6 | 0.1 | 72.8 | 402.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 475.6 | ||||||||
| Weighted Rate | 3.76% | 3.34% | 3.25% | 2.27% | 3.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||
| Total Consolidated | 2,796.8 | 2,437.6 | 14.2 | 207.4 | 486.3 | 11.4 | 134.8 | 403.3 | 720.0 | 355.5 | 104.6 | 2,437.6 | ||||||||
| Weighted Rate | 5.18% | 5.17% | 5.85% | 5.22% | 4.06% | 5.44% | 5.27% | 5.52% | 5.46% | 5.34% | 6.01% | |||||||||
| Joint Ventures Fixed Rate Debt: | ||||||||||||||||||||
| Arizona Mills | 50.00% | 134.1 | 67.1 | 7.90% | 1.0 | 66.0 | 67.1 | |||||||||||||
| The Mall at Millenia | 50.00% | 208.2 | 104.1 | 5.46% | 1.4 | 1.5 | 1.6 | 1.6 | 98.1 | 104.1 | ||||||||||
| Sunvalley | 50.00% | 123.7 | 61.9 | 5.67% | 1.2 | 1.2 | 1.3 | 58.2 | 61.9 | |||||||||||
| Waterside Shops | 25.00% | 165.0 | 41.3 | 5.54% | 41.3 | 41.3 | ||||||||||||||
| Westfarms | 78.94% | 192.2 | 151.7 | 6.10% | 2.7 | 2.9 | 3.1 | 142.9 | 151.7 | |||||||||||
| Total Joint Venture Fixed | 823.3 | 426.0 | 6.3 | 71.7 | 6.0 | 202.7 | 98.1 | 0.0 | 0.0 | 41.3 | 0.0 | 426.0 | ||||||||
| Weighted Rate | 6.05% | 6.11% | 6.17% | 7.73% | 5.84% | 5.97% | 5.46% | 0.00% | 0.00% | 5.54% | 0.00% | |||||||||
| Joint Ventures Floating Rate Debt: | ||||||||||||||||||||
| Fair Oaks | 50.00% | 250.0 | 125.0 | 4.22% | (l) | 125.0 | (e) | 125.0 | ||||||||||||
| Taubman Land Associates | 50.00% | 30.0 | 15.0 | 5.95% | (m) | 15.0 | 15.0 | |||||||||||||
| Other (h) | 0.6 | 0.4 | 3.25% | 0.3 | 0.1 | 0.4 | ||||||||||||||
| Total Joint Venture Floating | 280.6 | 140.4 | 0.3 | 0.1 | 125.0 | 15.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 140.4 | ||||||||
| Weighted Rate | 4.40% | 4.40% | 3.25% | 3.25% | 4.22% | 5.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||
| Total Joint Venture | 1,103.9 | 566.4 | 6.6 | 71.8 | 131.0 | 217.7 | 98.1 | 0.0 | 0.0 | 41.3 | 0.0 | 566.4 | ||||||||
| Weighted Rate | 5.63% | 5.69% | 6.05% | 7.73% | 4.29% | 5.97% | 5.46% | 0.00% | 0.00% | 5.54% | 0.00% | |||||||||
| TRG Beneficial Interest Totals | ||||||||||||||||||||
| Fixed Rate Debt | 2,982.2 | 2,388.0 | 20.4 | 206.3 | 89.6 | 214.1 | 232.9 | 403.3 | 720.0 | 396.8 | 104.6 | 2,388.0 | ||||||||
| 5.72% | 5.70% | 5.97% | 7.13% | 6.53% | 5.94% | 5.35% | 5.52% | 5.46% | 5.36% | 6.01% | ||||||||||
| Floating Rate Debt | 918.5 | 616.0 | 0.4 | 72.9 | 527.7 | 15.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 616.1 | ||||||||
| 3.96% | 3.58% | 3.25% | 2.27% | 3.70% | 5.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||
| Total | 3,900.7 | 3,004.0 | 20.8 | 279.2 | 617.3 | 229.1 | 232.9 | 403.3 | 720.0 | 396.8 | 104.6 | 3,004.0 | ||||||||
| 5.31% | 5.26% | 5.91% | 5.86% | 4.11% | 5.94% | 5.35% | 5.52% | 5.46% | 5.36% | 6.01% | ||||||||||
| Average Maturity Fixed Debt | 5 | |||||||||||||||||||
| Average Maturity Total Debt | 5 | |||||||||||||||||||
| (a) All debt is secured and non-recourse to TRG unless otherwise indicated. | ||||||||||||||||||||||||
| (b) 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. | ||||||||||||||||||||||||
| (c) Debt includes $1.3 million of purchase accounting premium from acquisition which reduces the stated rate on the | ||||||||||||||||||||||||
| debt of 7.59% to an effective rate of 6.93%. | ||||||||||||||||||||||||
| (d) Debt is swapped to an effective rate of 5.01% until maturity. | ||||||||||||||||||||||||
| (e) Two one year extension options available. | ||||||||||||||||||||||||
| (f) TRG has guaranteed certain obligations of Partridge Creek. | ||||||||||||||||||||||||
| (g) The debt is floating month to month at LIBOR plus spread. | ||||||||||||||||||||||||
| (h) Debt is unsecured. | ||||||||||||||||||||||||
| (i) $40 million available; rate floats daily. | ||||||||||||||||||||||||
| (j) TRG revolving credit facility of $550 million. Dolphin, Fairlane and Twelve Oaks are the direct | ||||||||||||||||||||||||
| borrowers under this facility. Debt is guaranteed by TRG. | ||||||||||||||||||||||||
| (k) One year extension option available. | ||||||||||||||||||||||||
| (l) Debt is swapped to an effective rate of 4.22% until maturity. | ||||||||||||||||||||||||
| (m) Debt is swapped to an effective rate of 5.95% until maturity. | ||||||||||||||||||||||||