TAUBMAN CENTERS, INC.
MORTGAGE AND OTHER NOTES PAYABLE
INCLUDING WEIGHTED INTEREST RATES AT DECEMBER 31, 2000
BENEFICIAL EFFECTIVE
100% INTEREST RATE (a) MATURITIES AT BENEFICIAL INTEREST
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12/31/00 12/31/00 12/31/00 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 TOTAL
-------- -------- -------- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- -----
CONSOLIDATED FIXED RATE DEBT:
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BEVERLY CENTER 146.0 146.0 8.36% 146.0 146.0
BILTMORE 79.7 79.7 7.68% 0.7 0.8 0.8 0.9 1.0 1.1 1.2 1.2 72.0 79.7
MACARTHUR CENTER 144.9 101.4 7.59% 0.9 1.0 1.1 1.1 1.2 1.3 1.4 1.5 1.7 90.2 101.4
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 665.0 621.5 7.57% 2.5 5.4 5.3 151.6 6.0 6.5 6.9 7.1 340.1 90.2 621.5
WEIGHTED RATE 7.58% 7.20% 7.02% 8.31% 7.02% 7.02% 7.03% 7.06% 7.28% 7.59%
CONSOLIDATED FLOATING RATE DEBT:
GREAT LAKES CROSSING 170.0 144.5 8.33% 1.6 142.9 144.5
THE SHOPS AT WILLOW BEND 99.7 99.7 8.63% 99.7 99.7
TWELVE OAKS 50.0 50.0 7.16% 50.0 50.0
OTHER 100.0 100.0 7.81% 100.0 100.0
TRG CREDIT FACILITY 26.3 26.3 7.63% 26.3 26.3
TRG CREDIT FACILITY 63.0 63.0 7.61% 63.0 63.0
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TOTAL CONSOLIDATED FLOATING 509.0 483.5 8.03% 240.9 142.9 99.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 483.5
WEIGHTED RATE 7.61% 8.33% 8.63% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
TOTAL CONSOLIDATED 1,174.0 1,105.0 7.77% 243.4 148.3 104.9 151.6 6.0 6.5 6.9 7.1 340.1 90.2 1,105.0
WEIGHTED RATE 7.61% 8.29% 8.55% 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% 145.8 53.8 7.90% 0.4 0.4 0.5 0.5 0.6 0.6 0.6 0.7 0.8 48.8 53.8
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 628.8 324.2 7.58% 0.4 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:
DOLPHIN MALL 50.00% 116.9 58.4 8.14% 58.4 58.4
STAMFORD TOWN CENTER 50.00% 76.0 38.0 7.51% 38.0 38.0
INTERNATIONAL PLAZA 50.00% 67.5 17.9 8.66% 17.9 17.9
WESTFARMS 78.94% 55.0 43.4 7.64% 43.4 43.4
OTHER 2.9 1.8 9.50% 0.4 0.4 0.4 0.4 0.1 1.8
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TOTAL JOINT VENTURE FLOATING 318.3 159.5 7.93% 0.4 158.2 0.4 0.4 0.1 0.0 0.0 0.0 0.0 0.0 159.5
WEIGHTED RATE 9.50% 7.91% 9.50% 9.50% 9.50% 0.00% 0.00% 0.00% 0.00% 0.00%
TOTAL JOINT VENTURE 947.1 483.7 7.69% 0.8 237.5 0.9 34.4 1.9 87.3 0.6 70.7 0.8 48.8 483.7
WEIGHTED RATE 8.75% 7.89% 8.64% 8.20% 7.86% 7.68% 7.90% 6.61% 7.90% 7.90%
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TRG BENEFICIAL INTEREST TOTALS
FIXED RATE DEBT 945.7 7.57% 2.8 84.8 5.7 185.6 7.8 93.8 7.6 77.8 340.9 138.9 945.7
7.62% 7.81% 7.09% 8.29% 7.19% 7.64% 7.10% 6.65% 7.28% 7.70%
FLOATING RATE DEBT 643.0 8.01% 241.4 301.0 100.1 0.4 0.1 0.0 0.0 0.0 0.0 0.0 643.0
7.61% 8.11% 8.63% 9.50% 9.50% 0.00% 0.00% 0.00% 0.00% 0.00%
TOTAL 1,588.7 7.75% 244.2 385.8 105.8 186.0 7.9 93.8 7.6 77.8 340.9 138.9 1,588.7
7.61% 8.05% 8.55% 8.29% 7.32% 7.64% 7.10% 6.65% 7.28% 7.70%
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Average Maturity 4.92
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<FN>
(a) Rate includes effect of caps and swaps which are in the money at December
31, 2000. Rates do not include amortization of debt issuance costs and
interest rate hedging costs. In the aggregate, these costs added 0.45% to
the effective rate of interest on beneficial interest in debt at December
31, 2000.
(b) Schedule excludes a $3.8 related party note payable.
</FN>