EASTGROUP PROPERTIES INC | 2013 | FY | 3


A summary of Secured Debt follows: 
 
 
Interest Rate
 
Monthly
P&I
Payment
 
Maturity
Date
 
Carrying Amount
of Securing
Real Estate at
December 31, 2013
 
Balance at December 31,
Property
 
 
 
 
 
2013
 
2012
 
 
 
 
 
 
 
 
(In thousands)
35th Avenue, Beltway I, Broadway V,
Lockwood, Northwest Point, Sunbelt, Techway Southwest I and World Houston 10, 11 & 14
 
4.75%
 
$
259,403

 
Repaid
 
$

 

 
34,474

Airport Commerce Center I & II, Interchange
Park, Ridge Creek Distribution Center I, Southridge XII, Waterford Distribution Center and World Houston 24, 25 & 27
 
5.75%
 
414,229

 
Repaid
 

 

 
52,086

Kyrene Distribution Center
 
9.00%
 
11,246

 
07/01/2014
 
4,059

 
76

 
198

Americas Ten I, Kirby, Palm River North I, II
& III, Shady Trail, Westlake I & II and World Houston 17
 
5.68%
 
175,479

 
10/10/2014
 
23,509

 
26,907

 
27,467

Beltway II, III & IV, Commerce Park 1,
Eastlake, Fairgrounds I-IV, Nations Ford I-IV, Techway Southwest III, Wetmore I-IV and World Houston 15 & 22
 
5.50%
 
536,552

 
04/05/2015
 
64,467

 
61,402

 
64,374

Country Club I, Lake Pointe, Techway
Southwest II and World Houston 19 & 20
 
4.98%
 
256,952

 
12/05/2015
 
20,534

 
27,812

 
29,465

Huntwood and Wiegman Distribution Centers
 
5.68%
 
265,275

 
09/05/2016
 
20,631

 
28,833

 
30,332

Alamo Downs, Arion 1-15 & 17, Rampart I, II, III
& IV, Santan 10 and World Houston 16
 
5.97%
 
557,467

 
11/05/2016
 
54,487

 
60,131

 
63,132

Arion 16, Broadway VI, Chino, East
University I & II, Northpark I-IV, Santan 10 II, 55th Avenue and World Houston 1 & 2, 21 & 23
 
5.57%
 
518,885

 
09/05/2017
 
53,298

 
57,368

 
60,310

Dominguez, Industry I & III, Kingsview, Shaw,
Walnut and Washington (1) 
 
7.50%
 
539,747

 
05/05/2019
 
47,169

 
59,087

 
61,052

Blue Heron Distribution Center II 
 
5.39%
 
16,176

 
02/29/2020
 
4,430

 
1,026

 
1,161

40th Avenue, Beltway V, Centennial Park,
Executive Airport, Ocean View, Techway Southwest IV, Wetmore V-VIII and World Houston 26, 28, 29 & 30
 
4.39%
 
463,778

 
01/05/2021
 
72,223

 
66,805

 
69,376

America Plaza, Central Green, Glenmont
I & II, Interstate I, II & III, Rojas, Stemmons Circle, Venture, West Loop I & II and World Houston 3-9
 
4.75%
 
420,045

 
06/05/2021
 
44,770

 
59,827

 
61,970

Arion 18, Beltway VI & VII, Commerce Park
II & III, Concord Distribution Center, Interstate Distribution Center V, VI & VII, Lakeview Business Center, Ridge Creek Distribution Center II, Southridge IV & V and World Houston 32
 
4.09%
 
329,796

 
01/05/2022
 
60,791

 
50,519

 
52,369

 
 
 
 
 

 
 
 
$
470,368

 
499,793

 
607,766


(1)
This mortgage loan has a recourse liability of $5.0 million which will be released based on the secured properties generating certain base rent amounts.

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