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SEC Filings

8-K
WASHINGTON PRIME GROUP INC. filed this Form 8-K on 07/26/2018
Entire Document
 


PROPERTY INFORMATION
 
 
 
 
 
 
 
 
 
Washington Prime Group Inc.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Debt Information
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Indebtedness
 
Property Name
 
St
 
City (Major Metropolitan Area)
 
Financial
Interest (1)
 
 Total
Center
Square Feet
 
Total
WPG Owned Square Feet
 
Total
Tenant Owned Square Feet
 
Maturity Date (2)
 
Interest Rate
 
Type
 
 Total
 
 WPG
Share
 
Open Air Properties
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
North Ridge Shopping Center

NC

Raleigh

100%

171,570


166,170

5,400

12/01/22

3.41%

Fixed

$11,891

$11,891
 
Northwood Plaza

IN

Fort Wayne

100%

204,956


76,727

128,229










 
Palms Crossing

TX

McAllen

51%

384,544


384,544

0

08/01/21

5.49%

Fixed

$34,459

$17,574
 
Plaza at Buckland Hills, The

CT

Manchester

100%

321,652


210,753

110,899










 
Richardson Square

TX

Richardson (Dallas)

100%

516,100


40,187

475,913










 
Rockaway Commons

NJ

Rockaway (New York)

100%

239,050


229,162

9,888










 
Rockaway Town Plaza

NJ

Rockaway (New York)

100%

306,436


73,154

233,282










 
Royal Eagle Plaza

FL

Coral Springs (Miami)

100%

186,283


175,330

10,953










 
Shops at Arbor Walk, The

TX

Austin

51%

309,064


280,315

28,749

08/01/21

5.49%

Fixed

$38,946

$19,862
 
Shops at North East Mall, The

TX

Hurst (Dallas)

100%

365,039


365,039

0










 
St. Charles Towne Plaza

MD

Waldorf (Wash, D.C.)

100%

391,653


329,811

61,842










 
Tippecanoe Plaza

IN

Lafayette

100%

90,522


85,811

4,711










 
University Center

IN

Mishawaka

100%

150,441


100,441

50,000










 
University Town Plaza

FL

Pensacola

100%

565,538


216,194

349,344










 
Village Park Plaza

IN

Carmel (Indianapolis)

100%

517,948


290,009

227,939










 
Washington Plaza

IN

Indianapolis

100%

50,107


50,107

0










 
West Ridge Plaza

KS

Topeka

100%

253,086


98,593

154,493

03/06/24

4.84%

Fixed

$10,081

$10,081
 
West Town Corners (3)

FL

Altamonte Springs (Orlando)

100%

380,240


231,622

148,618










 
Westland Park Plaza (3)

FL

Orange Park (Jacksonville)

100%

163,259


163,259

0










 
White Oaks Plaza

IL

Springfield

100%

398,077


241,731

156,346

10/10/19

7.50%

Fixed

$12,339

$12,339
 
Whitehall Mall

PA

Whitehall

100%

603,475


588,601

14,874

11/01/18

7.00%

Fixed

$8,477

$8,477
 
Wolf Ranch

TX

Georgetown (Austin)

100%

632,258


420,072

212,186










 
Open Air Properties Total







14,571,608


9,980,002

4,591,606







$309,266

$218,172
 
























 
Total







59,862,400


39,217,555

20,644,845







$2,328,098

$1,689,715
(6)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Footnotes:























 
(1) Direct and indirect interests in some joint venture properties are subject to preferences on distributions and/or capital allocation in favor of other partners.
 
(2) Assumes full exercise of available extension options.
 
(3) WPG receives substantially all economic benefit of property due to performance or advance, although legal ownership is less than 100%. Legal ownership is as follows: Port Charlotte Town Center (80%); Gaitway Plaza (88.2%); West Town Corners (88.2%); and Westland Park Plaza (88.2%).
 
(4) Noncore property.
 
(5) Loan has an A note of $58 million and a B note of $36 million. Interest expense on the Rushmore mortgage is recorded in the financial statements only for the A note.
 
(6) Our share of the joint venture debt excludes the $2.1 million indirect 12.5% ownership interest in another real estate project.
 



SUPPLEMENTAL INFORMATION | 19

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