- The new $135M mortgage for NewPark Mall - a 1M square foot property in Newark, CA - replaces the previous $65M note, demonstrating the meaningful value creation Rouse (NYSE:RSE) has been able to achieve, says the company.
- The non-recourse three-year mortgage has an interest rate of Libor + 2.1% - after a forward swap, the all-in fixed rate is 3.26%.
- Source: Press Release