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Macquarie DDR Trust

Property portfolio

Riverdale Village

Macquarie DDR Trust - Riverdale Village

Description

Riverdale Village is located on the southeast corner of Highway 10 and Highway 47 at Riverdale Boulevard.  The centre comprises a one storey community shopping centre.  The centre was opened in 1999 with subsequent expansion in 2003.  The expansion, being Riverdale Village Inner Ring, was purchased in May 2004.

 

Address

12921 Riverdale Drive, Minneapolis, MN

Ownership

Freehold

Purchase price (million)

US$61.3  / US$41.5 / US$6.9

Valuation (million)

US$139.7

Implied cap rate

6.25%

Year completed/expanded

1999 / 2003

Total owned GLA (sq ft '000)

778.2

Net passing rent (US$/sq ft)

$12.15

Leased

99.0%

Major tenants

Tenant

Lease expiry

Sears Jul 2017

JC Penney

Jan 2024

Kohl's

Jan 2020

Sportsman’s Warehouse

Dec 2017

Best Buy

Jan 2013

Jo-Ann Fabrics and Crafts

Jan 2010

Information as at 30 June 2008


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Macquarie Group Limited
 
  This information has been prepared by Macquarie DDR Management Limited ABN 16 101 743 926 (Manager, we, our, us), an associate of Macquarie Group Limited ABN 94 122 169 279 (Macquarie Group) and the responsible entity of Macquarie DDR Trust (Macquarie DDR or Trust) for general information purposes only, without taking into account any potential investors' personal objectives, financial situation or needs. Before investing, you should consider your own objectives, financial situation and needs or you should obtain financial, legal and/or taxation advice.

The Manager does not receive fees in respect of the general financial product advice it may provide, however it will receive fees for operating the Trust which, in accordance with the Trust's constitution, are calculated by reference to the value of the assets and the performance of the Trust. Entities within the Macquarie Group may also receive fees for managing the assets of, and providing resources to the Trust. For more detail on fees, see the Trust's latest annual report. To contact us, call 1300 365 585 (local call cost).

Past performance is not a reliable indicator of future performance. Due care and attention has been exercised in the preparation of any forecast information, however, forecasts, by their very nature, are subject to uncertainty and contingencies, many of which are outside the control of the Manager. Actual results may vary from any forecasts and any variation may be materially positive or negative.

Investments in Macquarie DDR Trust are not deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL), the Manager or any other Macquarie Group entity and are subject to investment risk including possible delays in repayment and loss of income and principal invested. None of MBL, the Manager or any other Macquarie Group entity guarantees the performance of the Trust or the repayment of capital from the Trust, or any particular rate of return.