EX-99 10 form10q2q06ex99.htm Mortgage and Other Notes Payable

Exhibit 99

MORTGAGE AND OTHER NOTES PAYABLE
INCLUDING WEIGHTED INTEREST RATES AT JUNE 30, 2006
(in millions of dollars, amounts may not add due to rounding)


100% 		Beneficial
Interest 		Effective
Rate
(a) 		LIBOR
Rate
6/30/06  6/30/06 6/30/06   Spread 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Total

Consolidated Fixed Rate Debt:		                                    
Beverly Center
Cherry Creek Shopping Center
Great Lakes Crossing
International Plaza
MacArthur Center
Northlake Mall
Regency Square
Stony Point Fashion Park
The Mall at Short Hills
The Mall at Wellington Green		 50.00%

50.10%
95.00%




90.00%		 345.9
280.0
144.1
180.4
139.6
215.5
 78.3
112.5
540.0
200.0		 345.9
140.0
144.1
 90.3
132.8
215.5
 78.3
112.5
540.0
180.0 		 5.28%
 5.24%
 5.25%
 4.38%
 6.85%
 5.41%
 6.75%
 6.24%
 5.47%
 5.44% 		   
   
(b)
(c)
   
   
   
   
    		2.3
 
1.2
0.8
1.3

0.5
0.7

  		4.8
 
2.5
1.7
2.7

1.1
1.5

  		5.0

2.6
87.8
2.8

1.2
1.5

  		5.4

2.7
 
3.0

1.3
1.6

 		 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
 
 
 
 



 


540.0
180.0		    
140.0



215.5



  		345.9
140.0
144.1
 90.3
132.8
215.5
 78.3
112.5
540.0
180.0
Total Consolidated Fixed
Weighted Rate

Consolidated Floating Rate Debt:
Dolphin Mall
TRG Revolving Credit
TRG Revolving Credit
Other






2,236.4
5.47%


140.1
0.0
 0.0
1.0		 1,979.4
5.53%


140.1
 0.0
  0.0
0.5		  
 


7.35%


8.25%		    
   
(d)
(e)
(f)(i)

       
      

2.15%

0.80%

 6.8
5.68%


140.1


 0.1		 14.3
5.68%


(g)                 


 0.2		 100.9
4.57%



 0.0
 0.0
0.1		 14.1
5.86%



     
(h)                 
     0.1		 134.6
6.74%






 83.7
6.58%


     
     
     
     		  11.4
5.44%


     
     
     
     		 134.8
5.27%


     
     
     
     		 403.3
5.52%


     
     
     
     
 720.0
5.46%


     
     
     
     
 355.5
5.34%


     
     
     
     
 1,979.4



140.1
 0.0
 0.0
 0.5
Total Consolidated Floating
Weighted Rate

Total Consolidated
Weighted Rate 		  141.1
  7.36%

2,377.5
  5.58% 		  140.6
  7.35%

2,120.0
  5.65% 		140.2
7.35%

147.0
7.27% 		0.2
8.25%

14.4
5.71% 		0.1
8.25%

101.1
4.58% 		0.1
8.25%

14.2
5.88% 		     


134.6
6.74% 		     


83.7
6.58% 		     


 11.4
5.44% 		     


134.8
5.27% 		     


403.3
5.52% 		     


720.0
5.46% 		     


355.5
5.34% 		  140.6


2,120.0

Joint Ventures Fixed Rate Debt:
Arizona Mills
Fair Oaks
The Mall at Millenia
Sunvalley
Westfarms		 50.00%
50.00%
50.00%
50.00%
78.94% 		138.6
140.0
210.0
128.9
200.0 		 69.3
 70.0
105.0
 64.5
157.9 		7.90%
6.60%
5.46%
5.67%
6.10% 		0.4
   
   
0.5
1.1 		 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
 58.2
142.9 		     
     
 98.1
     
      		     
     
     
 
     		      
     
     
 
     		  
    

 
  		 69.3
 70.0
105.0
 64.5
157.9
Total Joint Venture Fixed
Weighted Rate

Joint Ventures Floating Rate Debt:
Other 		      
      


       		817.5
  6.26%


    2.9 		466.6
6.24%


  1.8 		     
     


7.99% 		   
   


    		     
     


      		  2.0
6.35%


  0.4 		  4.3
6.36%


  0.6 		75.5
6.57%


  0.3 		  6.3
6.17%


  0.3 		 71.7
7.73%


   0.1 		  6.0
5.84%


      		202.7
5.97%


      		 98.1
5.46%


      		 



      		 



      		 



      		466.6



  1.8
Total Joint Venture Floating
Weighted Rate

Total Joint Venture
Weighted Rate 		   2.9
7.99%

820.4
  6.26% 		    1.8
7.99%

468.4
6.25% 		  0.4
7.99%

  2.5
6.64% 		  0.6
7.99%

  5.0
6.56% 		  0.3
7.99%

 75.8
6.58% 		  0.3
7.99%

  6.6
6.25% 		  0.1
7.99%

 71.8
7.73% 		     


 6.0
5.84% 		     


202.7
5.97% 		     


98.1
5.46% 		     


 
  		     


 
  		     


 
  		  1.8


 468.4

TRG Beneficial Interest Totals
Fixed Rate Debt
                               
Floating Rate Debt
                               
Total
                               

                                		 

 3,053.9
   5.68%
   144.0
   7.37%
 3,197.9
   5.76%

 2,446.0
   5.67%
   142.4
   7.36%
 2,588.5
   5.76%

  









      

 8.8
5.83%
140.7
7.35%
149.5
7.26% 		     

18.6
5.84%
0.8
8.04%
19.4
5.92% 		     

176.4
5.43%
0.5
8.06%
176.8
5.43% 		     

20.4
5.96%
0.4
8.07%
20.8
6.00% 		     

206.3
7.09%
0.1
7.99%
206.4
7.09% 		     

 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% 		     

720.0
5.46%
  

720.0
5.46% 		     

355.5
5.34%
  

355.5
5.34% 		        

2,446.0

 142.4

2,588.5
Average Maturity

   6.92
=======


(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 $0.2 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 $3.2 million of purchase accounting premium from acquisition which reduces the stated rate on the debt of 7.59% to an effective rate of 6.85%.
(d) The debt is floating month to month at LIBOR plus spread and the entire debt balance is capped at 7% plus spread to February 2007.
(e) Rate floats daily.
(f) LIBOR rate floats month to month.
(g) The Company has given notice to pay off the loan when it becomes prepayable without penalty in August 2006.
(h) In August 2006 the maturity date is expected to be extended to 2009 with a 1 year extension option.
(i) LIBOR spread is expected to be reduced in August 2006 to 0.70%.