Mortgage and Unsecured Debt As of December 31, 2023 (Dollars in thousands)
Interest
Face
Annual Debt Service (1) $ 10,588 (2)
Maturity
Property Name
Rate
Amount 275,000 68,284 147,735
Date
3.85 % 9.37 % 3.85 %
$
06/01/28 04/01/24 04/01/26
Cherry Creek Shopping Center . . . . . . . . . . . . . . . . . . CityCreekCenter............................ CountryClubPlaza........................... DolphinMall ................................ FairOaksMall............................... GardensMall,The............................ Great Lakes Crossing Outlets . . . . . . . . . . . . . . . . . . . InternationalPlaza ........................... MallatGreenHills,The........................ MallatMillenia,The .......................... MallatShortHills,The ........................ Mall at University Town Center, The . . . . . . . . . . . . . . Sunvalley................................... TwelveOaksMall ............................ WatersideShops............................. Westfarms.................................. CityOn.Xian................................. CityOn.Zhengzhou ........................... StarfieldAnseong ............................ StarfieldHanam ............................. Total TRG Secured Indebtedness at TRG Share of Face Amount ........................... Corporate and Other Indebtedness: TRGU.S.Headquarters ....................... TRG - $650M Revolving Credit Facility . . . . . . . . . . . . TRG - $65M Revolving Credit Facility . . . . . . . . . . . . . Other...................................... Total TRG Corporate and Other Indebtedness at TRG Share of Face Amount .................. Total TRG Indebtedness at TRG Share .......... Our Share of TRG Indebtedness ...............
8,046 7,055
6.87 % (44)
1,000,000
68,700 (2)
05/09/27 (3) 11/10/23 (8)
5.32 % 4.41 % 6.52 %
119,387 98,532 180,000 238,977 150,000 225,000
8,530 7,584
07/15/25 02/01/33
$
$ 11,736 (2) 13,311 (2) 12,090 (2) 8,865 (2) 34,800 (2)
5.57 % (43) 8.06 % (42)
10/09/26 (3) 01/01/27 (3)
3.94 % 3.48 % 3.40 % 4.44 % 4.85 % 3.86 % 7.80 % 5.00 % 4.95 % 2.17 % 2.38 %
10/15/24 10/01/27 11/01/26
1,000,000
137,267 73,200 272,445 78,534 191,035
7,400 6,306
09/01/25 (3)
18,670
03/06/28 04/15/26 09/06/28 03/14/29 03/22/32 02/27/25 10/26/25
4,613
14,901 (2)
31,025 (46) 32,852 (46) 113,817 (45) 79,672 (45)
4,354 4,080
2,470 (2) 1,896 (2)
$ 4,512,762
3.49 %
$
12,000 125,000 30,000 12,000
$
419 (2)
03/01/24
6.65 % (48) 6.84 % (49)
8,313 (2) 2,052 (2)
03/31/27 (3)
04/20/24
7.69 %
923 (2)
11/01/27 (3)
$
179,000
$ 4,691,762 $ 3,941,080
(1) Variable rate loans based on one-month (1M) SOFR plus interest rate spreads ranging from 110 bps to 310 bps. 1M SOFR as of December 31, 2023 was 5.35%. (2) Requires monthly payment of interest only. (3) Includes applicable extension available at the Applicable Borrower's option. (4) Variable rate loan based on 1M SOFR plus an interest rate spread of 299bps. Through an interest rate cap agreement, 1M SOFR is currently fixed at 4.76% on a portion of the balance. (5) Amount shown in USD equivalent. CAD Equivalent is 421.5 million. (6) Requires annual payment of interest only. (7) Variable rate loans based on Cost of Fund plus an interest rate spreads ranging from 125bps to 175 bps. Cost of Fund as of December 31, 2023 was 4.3378%.
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