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

Exhibit 99.3

Capital Availability

Assumes no property sales, new investments or additional cash flow

(as of January 31, 2012)

($ thousands)
	2012			2013			2014
Capital Sources:
Unsecured line of credit commitments	$	600,000		$	—		$	—
Term loan capacity		250,000		$	—		$	—
Outstanding line balance—1/31/12		(95,000	)		—			—
Outstanding term loan balance—1/31/12		(150,000	)		—			—
Line and term loan availability		605,000			512,266			459,692
Cash balance—1/31/12 (1)		21,595			—			—
Funding Availability before Capital Requirements		626,595			512,266			459,692
Capital Requirements:
Financing requirements—maturing consolidated debt		—			(16,330	)		(178,519	)
Assumed equity requirement to refinance maturing JV mortgage debt		(44,585	)		—			—
Costs to complete in-process developments and redevelopments(2)		(65,276	)		(31,776	)		(3,086	)
Other required capital expenditures(3)		(4,468	)		(4,468	)		(4,468	)
Total Capital Requirements		(114,329	)		(52,574	)		(186,073	)
Total Capital Availability	$	512,266		$	459,692		$	273,618

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

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

(3) $0.15 psf on portfolio GLA, including our pro rata share of co-investment partnerships