Regency Centers (REG) 8-K Regency Centers Reports Third Quarter Results

Exhibit 99.3

Capital Availability

Assumes no property sales, new investments or additional cash flow

(as of November 2, 2011)

($ thousands)
	2011			2012			2013			2014
Capital Sources:
Line commitments(1)	$	850,000		$	—		$	—		$	—
Outstanding line balance - 11/2/11		(50,000	)		—			—			—
Line Availability		800,000			772,322			500,882			461,621
Cash balance - 11/2/11(2)		17,730			—			—			—
Funding Availability before Capital Requirements		817,730			772,322			500,882			461,621
Capital Requirements:
Financing requirements - maturing consolidated debt		(19,997	)		(192,367	)		(17,822	)		(173,520	)
Assumed equity requirement to refinance maturing JV mortgage debt		—			(42,410	)		—			—
Costs to complete in-process developments and redevelopments(3)		(20,919	)		(32,172	)		(16,947	)		(20,952	)
Other required capital expenditures(4)		(4,491	)		(4,491	)		(4,491	)		(4,491	)
Total Capital Requirements		(45,408	)		(271,440	)		(39,261	)		(198,963	)
Total Capital Availability	$	772,322		$	500,882		$	461,621		$	262,658

(1) Includes $250 million Term Loan expected to close in November 2011

(2) Including our pro rata share of co-investment partnerships

(3) Net of tenant reimbursements, but exclusive of out parcel proceeds

(4) $0.15 psf on portfolio GLA, including our pro rata share of co-investment partnerships