MORTGAGE AND OTHER NOTES PAYABLE
INCLUDING WEIGHTED INTEREST RATES AT JUNE 30, 2003

Exhibit 99

		100% 06/30/03	Beneficial Interest 06/30/03	Effective Rate 06/30/03	(a)	LIBOR Rate Spread	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	Total
Consolidated Fixed Rate Debt: Beverly Center Biltmore Fashion Park Great Lakes Crossing MacArthur Center Regency Square The Mall at Short Hills Other Total Consolidated Fixed Weighted Rate Consolidated Floating Rate Debt: Dolphin Mall Stony Point Fashion Park The Mall at Wellington Green The Shops at Willow Bend The Shops at Willow Bend Taubman Realty Group Taubman Realty Group Total Consolidated Floating Weighted Rate Total Consolidated Weighted Rate Joint Ventures Fixed Rate Debt: Arizona Mills Cherry Creek Fair Oaks International Plaza Mall at Millenia Sunvalley Sunvalley Bonds Westfarms Mall Woodland Total Joint Venture Fixed Weighted Rate Joint Ventures Floating Rate Debt: Stamford Town Center Other Total Joint Venture Floating Weighted Rate Total Joint Venture Weighted Rate TRG Beneficial Interest Totals Fixed Rate Debt Floating Rate Debt Total	50.00% 50.00% 50.00% 26.49% 50.00% 50.00% 50.00% 78.94% 50.00% 50.00%	146.0 77.8 150.5 141.4 81.2 266.6 21.8 885.3 7.10% 163.5 59.6 149.2 100.0 50.0 10.3 175.0 707.7 3.33% 1,593.0 5.43% 142.9 177.0 140.0 190.7 210.0 134.3 0.4 207.9 66.0 1,269.2 6.25% 76.0 5.5 81.5 2.09% 1,350.7 6.00% 2,154.5 6.60% 789.2 3.20% 2,943.7 5.69% Average	146.0 77.8 150.5 99.0 81.2 266.6 21.8 842.9 7.08% 163.5 59.6 134.3 100.0 50.0 10.3 175.0 692.7 4.31% 1,535.6 5.83% 71.5 88.5 70.0 50.5 105.0 67.1 0.2 164.1 33.0 649.9 6.38% 38.0 3.0 41.0 2.10% 690.9 6.12% 1,492.8 6.77% 733.7 4.18% 2,226.5 5.92% Maturity	8.36% 7.68% 5.25% 7.59% 6.75% 6.70% 12.45% 4.19% 3.03% 4.67% 3.46% 4.81% 2.06% 5.04% 7.90% 7.68% 6.60% 4.21% 5.46% 5.67% 7.20% 6.10% 8.20% 1.98% 3.64%	(b) (c) (d) (e) (f) (g) (h) (i)	2.25% 1.85% 1.85% 2.40% 3.75% 0.90% 0.80%	0.4 1.0 0.5 0.5 1.5 0.3 4.4 6.55% 1.1 0.6 0.3 2.0 4.07% 6.3 5.82% 0.3 0.4 0.4 0.1 1.0 2.2 5.98% 0.3 0.3 3.64% 2.5 5.69% 6.6 6.36% 2.3 4.01% 8.9 5.75% 5.65 ======	146.0 0.9 2.1 1.1 0.9 3.2 0.3 154.6 8.26% 162.3 134.3 1.5 0.7 10.3 175.0 484.1 4.59% 638.7 5.48% 0.7 0.5 0.9 0.9 0.1 2.0 33.0 38.0 7.93% 38.0 0.8 38.8 2.01% 76.8 4.94% 192.6 8.19% 522.9 4.40% 715.5 5.42%	1.0 2.2 1.2 1.0 3.5 0.3 9.2 6.57% 59.6 1.6 0.8 62.0 3.07% 71.2 3.52% 0.8 1.3 0.9 0.9 2.1 6.0 6.30% 0.6 0.6 3.64% 6.6 6.05% 15.2 6.46% 62.6 3.07% 77.8 3.73%	1.1 2.3 1.3 1.1 3.7 0.4 9.8 6.57% 96.4 48.2 144.6 3.91% 154.5 4.08% 0.8 86.7 0.9 1.0 2.3 91.8 7.59% 0.6 0.6 3.64% 92.4 7.56% 101.6 7.49% 145.2 3.91% 246.8 5.38%	1.2 2.5 1.4 1.1 4.0 0.4 10.5 6.58% 10.5 6.58% 0.9 1.0 1.0 2.4 5.3 5.96% 0.6 0.6 3.64% 5.9 5.73% 15.9 6.37% 0.6 3.64% 16.4 6.28%	1.2 2.6 1.5 1.2 4.2 0.1 10.8 6.60% 10.8 6.60% 0.9 70.0 46.4 0.9 1.1 2.6 121.9 5.67% 3.64% 121.9 5.67% 132.7 5.75% 3.64% 132.7 5.75%	72.1 2.7 1.7 1.3 246.4 20.0 344.2 7.26% 344.2 7.26% 1.0 1.4 1.2 2.7 6.3 6.17% 6.3 6.17% 350.5 7.24% 350.5 7.24%	2.9 90.2 1.4 94.4 7.51% 94.4 7.51% 66.0 1.5 1.2 2.9 71.7 7.73% 71.7 7.73% 166.1 7.60% 166.1 7.60%	3.0 72.7 75.7 6.69% 75.7 6.69% 1.6 1.3 3.1 6.0 5.84% 6.0 5.84% 81.7 6.63% 81.7 6.63%	3.2 3.2 5.25% 3.2 5.25% 1.6 58.2 142.9 202.7 5.97% 202.7 5.97% 205.9 5.96% 205.9 5.96%	126.0 126.0 5.25% 126.0 5.25% 98.1 98.1 5.46% 98.1 5.46% 224.1 5.34% 224.1 5.34%	146.0 77.8 150.5 99.0 81.2 266.6 21.8 842.9 163.5 59.6 134.3 100.0 50.0 10.3 175.0 692.7 1,535.6 71.5 88.5 70.0 50.5 105.0 67.1 0.2 164.1 33.0 649.9 38.0 3.0 41.0 690.9 1,492.8 733.7 2,226.5

(a)      Includes the impact of interest rate swaps but does not include effect of amortization of debt issuance costs or interest rate cap costs.

(b)      $140 million of this debt (decreasing to $120 million in December 2003) is swapped to 2.05% plus spread to October 2004. The remaining debt is floating month to month at LIBOR plus spread.

(c)      LIBOR rate is floating month to month.

(d)      $100 million of this debt is swapped to 2.5% plus spread from October 2002 to October 2003, to 4.35% plus spread from October 2003 to October 2004 and to 5.25% plus spread from October 2004 to May 2005.
      An additional $30 million is swapped to 4.13% plus spread to July 2004. The remainder is floating month to month at LIBOR plus spread.

(e)      This debt is capped at 4.6% plus spread to July 2006. Effective August 2003, the LIBOR spread was reduced 90bps to 1.50% in exchange for a payment of $2.25M which will be amortized over 5 years.

(f)      This debt is capped at 5.75% plus spread to July 2006.

(g)      Rate floats daily.

(h)      $100 million of this debt is swapped to 4.3% plus spread to November 2003. An additional $70 million is swapped to 4.13% plus spread to July 2004. The remainder is floating month to month at LIBOR plus spread.

(i)      LIBOR rate is floating month to month. This debt is capped at 8.2% plus spread to August 2004.