Examples of Special Consideration Properties in a sentence
The portfolio of U.S. regional malls can be considered in the following four categories which reflect the tenant sales performance, current retail tenant positioning, consumer preference characteristics, market size and competitive position of the regional malls: Tier I Malls, Tier II Malls, Other Malls, and Special Consideration Properties.
For purpose of preparing the Reorganized General Growth projections, the Plan Debtors have assumed that the Special Consideration Properties will be given back to the applicable lenders at or prior to emergence.
Upon consummation of the Plan, Reorganized General Growth expects to have reduced its overall leverage and extended its secured debt maturity schedule so that only 6.17% (excluding the Special Consideration Properties) of its consolidated debt will mature prior to 2013, and developed a liquidity and operating plan intended to protect its leading position in the regional mall sector.
Category Tier I Malls 47 20.1 583 982.8 95.5 Tier II Malls 67 25.3 369 854.9 93.2 Other Malls 56 19.3 270 315.1 86.1 Special Consideration Properties 13 4.2 267 63.4 85.8 Total Regional Malls 183 68.9 410 2,216.2 91.7 Other Rental Properties 65 8.2 N/A 118.8 86.9 Total 248 77.1 410 2,335.0 91.2 Reorganized General Growth’s regional malls are located in major and middle markets throughout the United States.
As of the Effective Date, Reorganized General Growth expects approximately $1.5 billion (excluding the Special Consideration Properties), or approximately 6.17% of consolidated debt, to be due prior to 2013.
As of the Effective Date, Reorganized General Growth expects approximately $1.1 billion (excluding the Special Consideration Properties), or approximately 6.1% of consolidated debt, to be due prior to 2013.
Refinancings combined with cash-on-hand increases GGP’s liquidity position to more than $2 Billion.· Also in the first quarter, GGP transferred four Special Consideration Properties to their respective lenders pursuant to agreements negotiated in conjunction with our secured property debt restructuring.
The table below summarizes these four categories as well as the other rental properties, and excludes the properties that Reorganized General Growth expects to transfer to Spinco as well as certain de minimis properties, including international operations, and other corporate non-property interests:(24) This number includes the 13 Special Consideration Properties described more fully in section VI.A.1.b, “Description of Business and Markets” under the heading titled “Special Consideration Properties”.
Upon consummation of the Plan, Reorganized General Growth expects to have reduced its overall leverage and extended its secured debt maturity schedule so that only 6.1% (excluding the Special Consideration Properties) of its consolidated debt will mature prior to 2013, and developed a liquidity and operating plan intended to protect its leading position in the regional mall sector.
The table below summarizes these four categories as well as the other rental properties, and excludes the properties that Reorganized General Growth expects to transfer to Spinco as well as certain de minimis properties, including international operations, and other corporate non-property interests:(23) This number includes the 13 Special Consideration Properties described more fully in section VI.A.1.b, “Description of Business and Markets” under the heading titled “Special Consideration Properties”.