EX-99 7 form10q3q05ex99.htm Mortgage and Other Notes Payable

Exhibit 99

MORTGAGE AND OTHER NOTES PAYABLE
INCLUDING WEIGHTED INTEREST RATES AT SEPTEMBER 30, 2005
(in millions of dollars, amounts may not add due to rounding)


100% 		Beneficial
Interest 		Effective
Rate
(a) 		LIBOR
Rate
9/30/05  9/30/05 9/30/05   Spread 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Total

Consolidated Fixed Rate Debt:		                                    
Beverly Center
Great Lakes Crossing
International Plaza
MacArthur Center
Regency Square
Stony Point Fashion Park
The Mall at Short Hills
The Mall at Wellington Green
50.10%
95.00%



90.00%		 347.5
145.8
183.0
141.5
 79.1
113.6
259.2
200.0		 347.5
145.8
 91.5
134.7
 79.1
113.6
259.2
180.0 		 5.28%
 5.25%
 4.38%
 6.83%
 6.75%
 6.24%
 6.70%
 5.44% 		   
   
(b)
(c)
   
   
   
    		   
0.6
0.4
0.6
0.3
0.3
0.9
  		3.9
2.3
1.6
2.6
1.1
1.4
3.7
  		4.8
2.5
1.7
2.7
1.1
1.5
4.0
  		5.0
2.6
87.8
2.8
1.2
1.5
4.2
  		5.4
2.7
 
3.0
1.3
1.6
246.4
 		 5.7
2.9
 
122.9
1.4
1.8

 		 6.0
3.0
 
 
72.8
1.9

 		 6.3
3.2



2.0

 		 6.6
126.0



2.1

 		 303.8
 
 


99.5
 
 
 
 



 

180.0		 347.5
145.8
 91.5
134.7
 79.1
113.6
259.2
180.0
Total Consolidated Fixed
Weighted Rate

Consolidated Floating Rate Debt:
Dolphin Mall
Northlake
Oyster Bay
The Shops at Willow Bend
The Shops at Willow Bend
TRG Revolving Credit
TRG Revolving Credit






1,469.7
5.74%


141.9
 89.4
 54.9
 96.8
 48.4
 20.5
90.0		 1,351.4
5.83%


141.9
 89.4
 54.9
 96.8
 48.4
  20.5
90.0		  
 


5.92%
5.51%
5.69%
5.27%
7.52%
4.88%
4.49% 		   
   

(d)
(e)
(e)
(f)
(g)
(h)
(e) 		      
      

2.15%
1.75%
2.00%
1.50%
3.75%
      
0.80%		 3.1
6.11%


  0.6

 54.9
  0.4
  0.2
           
           		 16.5
5.92%


141.3

(i)           
 96.4
 48.2
     
     		 18.3
5.90%


 (j)             
 89.4
 
 (k)             
 (k)             
 
 		 105.2
4.66%


     
 (k)             
     
             
     
     20.5
    90.0		 260.5
6.65%

     
     
     
     
     
     
     
(l)         		 134.6
6.72%


     
     
     
     
     
     
     		  83.7
6.58%


     
     
     
     
     
     
     		  11.4
5.44%


     
     
     
     
     
     
     		 134.8
5.27%


     
     
     
     
     
     
     		 403.3
5.52%


     
     
     
     
     
     
     		 180.0
5.44%


     
     
     
     
     
     
     		 1,351.4



141.9
 89.4
 54.9
 96.8
 48.4
  20.5
90.0
Total Consolidated Floating
Weighted Rate

Total Consolidated
Weighted Rate 		  541.8
  5.58%

2,011.6
  5.70% 		  541.8
  5.58%

1,893.2
  5.76% 		 56.1
5.70%

59.1
5.23% 		285.9
5.97%

302.5
5.45% 		89.4
5.51%

107.6
5.13% 		110.5
4.56%

215.7
4.33% 		     


260.5
6.65% 		     


134.6
6.70% 		     


 83.7
6.58% 		     


 11.4
5.44% 		     


134.8
5.27% 		     


403.3
5.52% 		     


180.0
5.44% 		  541.8


1,893.2

Joint Ventures Fixed Rate Debt:
Arizona Mills
Cherry Creek Shopping Center
Fair Oaks
Mall at Millenia
Sunvalley
Westfarms		 50.00%
50.00%
50.00%
50.00%
50.00%
78.94% 		139.8
174.6
140.0
210.0
130.4
202.1 		 69.9
 87.3
 70.0
105.0
 65.2
159.6 		7.90%
7.68%
6.60%
5.46%
5.67%
6.10% 		0.2
0.3
   
   
0.3
0.5 		 0.8
87.0
    
    
 1.0
 2.3 		0.9
   
   
   
1.0
2.4		  0.9
    
70.0
 0.9
 1.1
 2.6 		1.0
   
   
1.4
1.2
2.7 		66.0
    
    
 1.5
 1.2
 2.9 		   
   
   
1.6
1.3
3.1 		     
     
     
  1.6
 58.1
143.0 		     
     
     
 98.1
     
      		     
     
     
     
 
     		      
     
     
     
 
     		  69.9
 87.3
 70.0
105.0
 65.2
159.6
Total Joint Venture Fixed
Weighted Rate

Joint Ventures Floating Rate Debt:
Other 		      
      


       		996.9
  6.51%


    4.5 		556.9
6.46%


  2.4 		     
     


6.39% 		   
   


    		     
     


      		  1.3
6.62%


  0.2 		 91.1
7.62%


  0.9 		  4.3
6.36%


  0.7 		75.5
6.57%


  0.3 		  6.3
6.17%


  0.3 		 71.7
7.73%


      		  6.0
5.84%


      		202.7
5.97%


      		 98.1
5.46%


      		 



      		 



      		556.9



  2.4
Total Joint Venture Floating
Weighted Rate

Total Joint Venture
Weighted Rate 		   4.5
6.39%

1,001.3
  6.51% 		    2.4
6.39%

559.3
6.46% 		  0.2
6.39%

  1.6
6.54% 		  0.9
6.39%

 92.0
7.60% 		  0.7
6.39%

  5.0
6.30% 		  0.3
6.39%

 75.8
6.57% 		  0.3
6.39%

  6.6
6.16% 		     


 71.7
7.73% 		     


  6.0
5.84% 		     


202.7
5.97% 		     


 98.1
5.46% 		     


 
  		     


 
  		  2.4


 559.3

TRG Beneficial Interest Totals
Fixed Rate Debt
                               
Floating Rate Debt
                               
Total
                               

                                		 

 2,466.6
   6.05%
   546.3
   5.59%
 3,012.9
   5.97%

 1,908.3
   6.02%
   544.2
   5.58%
 2,452.5
   5.92%

Average
Maturity 		 









6.27
===== 		     

 4.4
6.27%
 56.3
5.70%
60.7
5.74% 		     

107.6
7.36%
286.8
5.97%
394.4
6.35% 		     

 22.6
5.99%
90.0
5.52%
112.6
5.61% 		     

180.6
5.46%
110.8
4.57%
291.4
5.12% 		     

266.8
6.64%
0.3
6.39%
267.1
6.64% 		     

206.3
7.07%
  

206.3
7.07% 		     

 89.7
6.53%
  

 89.7
6.53% 		     

214.1
5.94%
  

214.1
5.94% 		     

232.9
5.35%
  

232.9
5.35% 		     

403.3
5.52%
  

403.3
5.52% 		     

180.0
5.44%
  

180.0
5.44% 		        

1,908.3

 544.2

2,452.5
(a) Includes the impact of interest rate swaps, if any, but does not include effect of amortization of debt issuance costs, losses on settlement of derivatives used to hedge the refinancing of certain fixed rate debt, or interest rate cap premiums.
(b) Debt is reduced by $0.3 million of purchase accounting discount from acquisition which increases the stated rate on the debt of 4.21% to an effective rate of 4.38%.
(c) Debt includes $3.8 million of purchase accounting premium from acquisition which reduces the stated rate on the debt of 7.59% to an effective rate of 6.83%.
(d) The debt is floating month to month at LIBOR plus spread and the entire debt balance is capped at 7% plus spread. The debt is additionally capped at 7% plus spread for the forecasted extension period of one year.
(e) LIBOR rate floats month to month.
(f) LIBOR rate is floating month to month. $95.2 million of this debt is capped at 4.6% plus spread to July 2006. The debt is additionally capped at 7% plus spread for the forecasted extension period of one year.
(g) LIBOR rate is floating month to month. $47.6 million of this debt is capped at 5.75% plus spread to July 2006.
(h) Rate floats daily.
(i) If construction commences prior to 12/31/05, the maturity date is automatically extended from 12/31/05 to three years from the commencement of construction.
(j) Maturity date may be extended for a total of 3 years.
(k) Maturity date may be extended for a total of 2 years.
(l) Maturity date may be extended for 1 year.