North Hanover Mall
15,780
12,586
28,366
Orlando Fashion Square
128
172
300
Patrick Henry Mall
8
1,164
1,173
Paxton
1,342
1,579
2,921
Phillipsburg Mall
64
18,958
19,022
Plaza at Magnolia
1,353
397
1,750
Plymouth Meeting Mall
62,039
28,880
90,919
Sunrise Plaza Phase II
11,998
4,722
16,720
Valley Mall
121
870
991
Viewmont Mall
0
143
143
Voorhees Town Center Phases I & II
20,401
35,456
55,857
Willow Grove Park
27,793
5,385
33,179
Wiregrass Commons
7,565
4,539
12,103
Woodland Mall
271
10,068
10,339
Wyoming Valley Mall
360
307
668
Joint Venture1
Lehigh Valley Mall
374
2,974
3,347
Springfield Mall
799
19,188
19,987
Sub-total Construction in Progress
303,567
353,660
657,227
Total Projects Under Development
390,671
353,660
744,331
1 PREIT's share represents the greater of the ownership interest or PREIT's
recourse amount.
2 Includes the cost of land
Schedule 6.1(g) - Indebtedness
Part I
Indebtedness
Loan Party
Indebtedness
Description of
property subject to
Lien
PREIT, PREIT Associates, L.P., PREIT-RUBIN, Inc.
$500,000,000 Credit
Agreement by and among PREIT Associates, L.P. and PREIT-RUBIN, Inc., as
Borrowers and PREIT, as Parent, the Financial Institutions party thereto and
Wells Fargo Bank, National Association as Administrative Agent (as amended,
"Existing Credit Facility")
PREIT, PREIT-RUBIN, Inc.
Guaranty of Existing
Credit Facility ("Existing Guaranty")
PREIT
Mortgage in favor of
Northwestern Mutual Life Insurance Company with a balance of $6,224,000 as of
6/30/08
Whitehall Mall PREIT
Guaranty of Nonrecourse Carveouts by PREIT
(50%) and Kravco, Inc. (50%) in favor of The Northwestern Mutual Life Insurance
Company (Whitehall Mall)
PREIT
Guaranty of Non-Recourse Carveouts from
Kenneth N. Goldenberg and PREIT in favor of GMAC Commercial Mortgage
Corporation. PREIT's liability is limited to 50% of losses. (Red Rose Commons)
PREIT
Guaranty of Nonrecourse Carveouts in favor of General Electric
Capital Corporation ($465 Million GECC Loan)
PREIT
Guaranty of Nonrecourse
Carveouts in favor of Morgan Stanley Bank (Capital City)
PREIT
Guaranty of
Nonrecourse Carveouts in favor of Morgan Stanley Bank (Valley View)
PREIT
Guaranty of loan in the amount of $20,000,000 from Wilmington Trust of
Pennsylvania to PR Warrington Limited Partnership and PR Titus Limited
Partnership (guaranty limited to $5,000,000 of principal amount)
PREIT
Guaranty of $287,500,000 4.00% Exchangeable Senior Notes due 2012 issued
pursuant to an Indenture among PREIT Associates, L.P., Pennsylvania Real Estate
Investment Trust and U.S. Bank National Association
Loan Party
Indebtedness
Description of
property subject to
Lien
PREIT
Guaranty of Non-Recourse Carveouts in favor of Sun Life Assurance
Company of Canada (Springfield East)
Borrower
PREIT Associates, L.P.
Guaranty of loan in the amount of $55,000,000
from Prudential Insurance Company of America and Northwestern Mutual Life
Insurance Company to PR Cherry Hill STW LLC and Cherry Hill Center LLC (Cherry
Hill Mall)
PREIT Associates, L.P.
Guaranty of loan in the amount of
$45,000,000 from Citizens Bank of Pennsylvania to PR Christiana LLC (guaranty of
principal limited to 25% of outstanding principal) (Christiana)
PREIT
Associates, L.P.
Guaranty of Nonrecourse Carveouts by PREIT Associates, L.P.
and Kenneth N. Goldenberg in favor of Column Financial, Inc. (Note: So long as
PREIT Associates,