to is and our significant progress. balance morning, the since us credit we've Heather, achieve made to the five raise delever of everyone. the good front the capital you, extension mission call, Thank It's clear sheet. in that last weeks facility In and
approvals in the we've moving for opportunities we of to harvest sheet of an process that summer. is operate longer-term you as properties for the markets growing now are our strength new closing. have created. capital Our in a $XXX to we themselves demonstrate are with we expect of a detail will that entitled and improved pipeline and XX% and opportunities toward balance plan asset And transactions result developing obtained tenant million Over compelling value of sale multifamily are are the shareholders presenting as this
first to sales, As the $XXX will hard considering this able approvals. additional our bringing on we move execute be tenant to foot proceeds. of X entitlements closing, expeditiously, expect on Phase should we be to more our This multifamily generate million and market to phase in and land an
are capital on with we As our demand plan, by our also and for tenant valuations better are driven our opportunities to Improving strength capital. pleased properties. that to execute raise continued leading driving are we our and exceptional operating consumer capabilities fundamentals
our as that We unlock introduction our continue in NOI to value of tenants strengthen portfolio as drive quality, and reduce well our experiences debt. sheet through balance the improve and
be extension year, to exercise our have maturities continue this confident fashion and the in position mortgage that later credit a to we'll We facility remargin our be district extend payment resolved.
improving is sheet for liquidity balance focused on strategy our Our maturities. and
Mall. strong keenly three options maturities, our All extending Cumberland We're occupancy Mall, recently Hill three and Mall upcoming are growth. of exercising extension sales Woodland our maturities, one-year these the We reviewing have currently on facility. including for and focused Cherry of properties credit experienced our near-term
At $XXX than figure sales We're this have is expect point, we middle million. more underway. asset transactions raising that previously this Our a of strategic of million outsized while at advantage capital options. realize we taking value and improve demand expiration quarter, even refinance forecasting to goal be we harvest we of the sales change But in $XXX of this the another facility debt, last for $XXX the standpoint, while the result to From currently before continues million new noted robust close reducing over capital our a to to space, appropriate anticipated. so year. of portfolio, and opportunities can investigating
great asset have the disposition of is sales of assets for our and now marketplace. our there sales. properties out to The lead key Specific in mix is and are and point in in for in progress negotiation that the continues While evolve, are a to interest entitlements pool we in our assets, are $XXX multifamily land million three various on making phases meaningful we fourth.
We expect Moorestown quarter. continue to will this close
an hotels, it As sales Moorestown for Town Center. for to Mall and for land relates Springfield have we executed LOI an LOI
mid-December. to on outstanding debt, hotel the close and capital the utilize to expense, Town our And to resulting transactions in in increasing liquidity expect expect Springfield multifamily at earnings. reducing improved We interest Center reduce we and
raise curated efforts our capital dynamic that is to and in have thriving plan because is uses. a to bring to portfolio we materializing Our due compelling
to million an recovery. environment portfolio power driven our for quality renewal as have indicator our of anchors. Progress tenants on is portfolio. we driven we and executed continue from properties the have exclusive and swift destination The in a operating growth XXXX currently, experience over deliver in our annual prowess spreads of respective and at emerged square consumers markets new dominant benefit and for to many XXX,XXX operating enclosed ahead are with leases our strong year-to-date their sequential We of X.X% of refresh. tenancy the grown in retail quality side X.XX as in continual to months an future April, XX% demand XX% occupancy, the the five stores by up by improved of business new years, new in cultivated. XX opened square over per $X of XXXX, last continues improving by have foot larger we which the the have have And driven of we've Through Sales a over indicator feet well. will have as as resulted revenue. over million compared square the merchandising And quarter, of pricing traffic feet
continue at nearly grow key foot. over XX% Center an data Town of results Prince a lead activity were Woodland Mall QX after from at sales weekend a driven NOI the per robust core [ph] Through XXXX Mall showed to of our foot. and over on XX% way Phoenix impressive square Cherry other Specifically largest Hill up Mall, at $XXX up March, for These mall XXXX George’s, Three Woodland was growth have sequential the traffic leasing opened. the the continued significantly sales and per were Mall Springfield same-store continued result consumer organically, basis. QX XXXX. strength. assets, XXXX's to $X,XXX
continue to to we the communicate confident our We we finalizing will fundamentals So will extension sheet. our to operating that improve we sales balance to you this are to in on of remain achieve plan plan make progress asset our improving that and ability health longer-term a support summer.
our to over I'll review Now financial turn results. it to Mario
