Attached files
file | filename |
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EX-32.2 - EXHIBIT 32.2 - TAUBMAN CENTERS INC | a2017q4exhibit322.htm |
EX-32.1 - EXHIBIT 32.1 - TAUBMAN CENTERS INC | a2017q4exhibit321.htm |
EX-31.2 - EXHIBIT 31.2 - TAUBMAN CENTERS INC | a2017q4exhibit312.htm |
EX-31.1 - EXHIBIT 31.1 - TAUBMAN CENTERS INC | a2017q4exhibit311.htm |
EX-23 - EXHIBIT 23 - TAUBMAN CENTERS INC | a2017q4exhibit23.htm |
EX-21 - EXHIBIT 21 - TAUBMAN CENTERS INC | a2017q4exhibit21.htm |
EX-10.15.1 - EXHIBIT 10.15.1 - TAUBMAN CENTERS INC | a2017q4exhibit10151.htm |
EX-12 - EXHIBIT 12 - TAUBMAN CENTERS INC | a2017q4exhibit12.htm |
10-K - 10-K - TAUBMAN CENTERS INC | tco-123117x10k.htm |
Exhibit 99 | ||||||||||||||||||||||||||||||||||||||||||
UNCONSOLIDATED JOINT VENTURES OF THE TAUBMAN REALTY GROUP LIMITED PARTNERSHIP | ||||||||||||||||||||||||||||||||||||||||||
REAL ESTATE AND ACCUMULATED DEPRECIATION | ||||||||||||||||||||||||||||||||||||||||||
December 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||||||||||||
Initial Cost to Company | Gross Amount at Which Carried at Close of Period | |||||||||||||||||||||||||||||||||||||||||
Land | Buildings, Improvements, and Equipment | Cost Capitalized Subsequent to Acquisition | Land | Buildings, Improvements, and Equipment | Total | Accumulated Depreciation (A/D) | Total Cost Net of A/D | Encumbrances | Year Opened / Expanded | Year Acquired | Depreciable Life | |||||||||||||||||||||||||||||||
Shopping Centers: | ||||||||||||||||||||||||||||||||||||||||||
CityOn.Xi'an, Xi'an,China | $ | 40,779 | $ | 249,362 | $ | 40,779 | $ | 249,362 | $ | 290,141 | $ | 17,959 | $ | 272,182 | 2016 | 50 Years | ||||||||||||||||||||||||||
CityOn.Zhengzhou, Zhengzhou,China | 52,889 | 273,422 | 52,889 | 273,422 | 326,311 | 9,418 | 316,893 | $ | 92,537 | 2017 | 50 Years | |||||||||||||||||||||||||||||||
Country Club Plaza, Kansas City, MO | 29,917 | 525,244 | $ | 5,162 | 29,917 | 530,406 | 560,323 | 27,335 | 532,988 | 320,000 | 1922 / 1977 / 2000 / 2015 | 2016 | 50 Years | |||||||||||||||||||||||||||||
Fair Oaks, Fairfax, VA | 7,666 | 33,147 | 109,093 | 7,666 | 142,240 | 149,906 | 81,150 | 68,756 | 260,402 | 1980 / 1987 / 1988 / 2000 | 55 Years | |||||||||||||||||||||||||||||||
International Plaza, Tampa, FL | 281,473 | 37,779 | 319,252 | 319,252 | 138,504 | 180,748 | 475,133 | 2001 / 2015 | 50 Years | |||||||||||||||||||||||||||||||||
The Mall at Millenia, Orlando, FL | 22,517 | 177,322 | 3,464 | 22,517 | 180,786 | 203,303 | 83,163 | 120,140 | 450,000 | 2002 | 50 Years | |||||||||||||||||||||||||||||||
Stamford Town Center, Stamford, CT | 9,537 | 40,044 | 101,302 | 9,537 | 141,346 | 150,883 | 80,701 | 70,182 | 1982 / 2007 | 40 Years | ||||||||||||||||||||||||||||||||
Starfield Hanam, Hanam, South Korea | 261,620 | 655,624 | 261,620 | 655,624 | 917,244 | 40,896 | 876,348 | 344,430 | 2016 | 50 Years | ||||||||||||||||||||||||||||||||
Sunvalley, Concord, CA | 350 | 65,740 | 56,073 | 350 | 121,813 | 122,163 | 71,271 | 50,892 | 172,769 | 1967 / 1981 | 2002 | 40 Years | ||||||||||||||||||||||||||||||
The Mall at University Town Center, Sarasota, FL | 78,008 | 231,592 | 7,392 | 78,008 | 238,984 | 316,992 | 40,925 | 276,067 | 280,000 | 2014 | 50 Years | |||||||||||||||||||||||||||||||
Waterside Shops, Naples, FL | 12,604 | 66,930 | 72,556 | 12,604 | 139,486 | 152,090 | 56,423 | 95,667 | 165,000 | 1992 / 2006 / 2008 | 2003 | 50 Years | ||||||||||||||||||||||||||||||
Westfarms, Farmington, CT | 5,287 | 38,638 | 157,561 | 5,287 | 196,199 | 201,486 | 119,933 | 81,553 | 289,048 | 1974 / 1983 / 1997 | 34 Years | |||||||||||||||||||||||||||||||
Other: | ||||||||||||||||||||||||||||||||||||||||||
Taubman Land Associates (Sunvalley), Concord, CA | 42,693 | 42,693 | 42,693 | 42,693 | 21,677 | 2006 | ||||||||||||||||||||||||||||||||||||
Peripheral Land | 4 | 4 | 4 | 4 | ||||||||||||||||||||||||||||||||||||||
Construction in Process and Development - Pre-construction costs | 4,099 | 4,099 | 4,099 | 4,099 | ||||||||||||||||||||||||||||||||||||||
Total | $ | 563,871 | $ | 2,638,538 | $ | 554,481 | $ | 563,871 | $ | 3,193,019 | $ | 3,756,890 | (1) | $ | 767,678 | $ | 2,989,212 | |||||||||||||||||||||||||
Exhibit 99 | ||||||||||||||||||||||||||||||||||||||||||
UNCONSOLIDATED JOINT VENTURES OF THE TAUBMAN REALTY GROUP LIMITED PARTNERSHIP | ||||||||||||||||||||||||||||||||||||||||||
REAL ESTATE AND ACCUMULATED DEPRECIATION | ||||||||||||||||||||||||||||||||||||||||||
December 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||||||||||||
The changes in total real estate assets and accumulated depreciation for the years ended December 2017, 2016, and 2015 are as follows: | ||||||||||||||||||||||||||||||||||||||||||
Total Real Estate Assets | Accumulated Depreciation | |||||||||||||||||||||||||||||||||||||||||
2017 | 2016 | 2015 | 2017 | 2016 | 2015 | |||||||||||||||||||||||||||||||||||||
Balance, beginning of year | $ | 3,371,216 | $ | 1,628,492 | $ | 1,580,926 | Balance, beginning of year | $ | (661,611 | ) | $ | (589,145 | ) | $ | (548,646 | ) | ||||||||||||||||||||||||||
Acquisitions | 618,515 | Depreciation for year | (119,261 | ) | (80,093 | ) | (49,951 | ) | ||||||||||||||||||||||||||||||||||
New development and improvements | 363,601 | 1,131,952 | 57,344 | Disposals | 14,654 | 7,627 | 9,452 | |||||||||||||||||||||||||||||||||||
Disposals/Write-offs | (78,189 | ) | (2) | (7,743 | ) | (9,778 | ) | Changes in exchange rates | (1,460 | ) | ||||||||||||||||||||||||||||||||
Changes in exchange rates | 100,262 | Balance, end of year | $ | (767,678 | ) | $ | (661,611 | ) | $ | (589,145 | ) | |||||||||||||||||||||||||||||||
Balance, end of year | $ | 3,756,890 | $ | 3,371,216 | $ | 1,628,492 | ||||||||||||||||||||||||||||||||||||
(1) The unaudited aggregate cost for federal income tax purposes as of December 31, 2017 was $3.880 billion. | ||||||||||||||||||||||||||||||||||||||||||
(2) Primarily represents the book balance of the Valencia Place office tower at Country Club Plaza, which was sold in March 2017. |