Taubman Centers, Inc. 2013 Annual Report
ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMEN T
ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMEN T
ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFF ICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPEC IALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIA L
ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFF ICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPEC IALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIA L
SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIR ECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONA L
SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIR ECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONA L
DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIREC TOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE
DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIREC TOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE
ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMIN -
ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMIN -
ISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERA-
ISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERA-
TIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURC ES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT.
TIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURC ES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT.
MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPER -
MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPER -
ATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAU BMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANA-
ATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAU BMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANA-
LYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORD INATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLO YEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIO R
LYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORD INATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLO YEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIO R
LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENI OR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR.
LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENI OR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR.
SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, COR -
SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, COR -
PORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COU NSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPEC IALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT
PORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COU NSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPEC IALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT
GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR.
GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR.
CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIREC -
CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIREC -
TOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIR ECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIREC -
TOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIR ECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIREC -
TOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. F ACILITIES ADM INISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES M ANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE.
TOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. F ACILITIES ADM INISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES M ANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE.
GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MAN-
GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MAN-
AGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINAN-
AGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINAN-
CIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. M ANAGER, MALL M EDIA IMPACT. M ANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. M ANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS.
CIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. M ANAGER, MALL M EDIA IMPACT. M ANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. M ANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS.
MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORD INATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR.
MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORD INATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR.
PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL E STATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING
PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL E STATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING
ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH
ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH
ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. S VP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING.
ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. S VP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING.
SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP,
SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP,
REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIO NS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRAC T
REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIO NS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRAC T
ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. C HIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIS T. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING.
ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. C HIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIS T. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING.
DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES . DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMP LOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTO R, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLI -
DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES . DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMP LOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTO R, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLI -
ANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN
ANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN
SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMI NISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN
SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMI NISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN
RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTR ATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CON STRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSU LTANT. MARKETING COORDINATOR. MARKETING
RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTR ATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CON STRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSU LTANT. MARKETING COORDINATOR. MARKETING
MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER , CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINAN CE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATIO N TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER,
MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER , CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINAN CE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATIO N TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER,
LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMEN T. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR.
LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMEN T. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR.
MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST . PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR.
MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST . PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR.
REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SEN IOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIO R
REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SEN IOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIO R
FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER -
FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER -
ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR , DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATE GY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGE -
ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR , DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATE GY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGE -
MENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST.
MENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST.
ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTE R ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGI-
ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTE R ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGI-
NEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIREC TOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR,
NEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIREC TOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR,
DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIREC TOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTO R, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIREC -
DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIREC TOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTO R, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIREC -
TOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIREC TOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TEN ANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES
TOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIREC TOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TEN ANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES
MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING
MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING
SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER,
SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER,
ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SER VICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEG AL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-
ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SER VICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEG AL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-
CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPE-
CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPE-
CIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALY ST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR.
CIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALY ST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR.
SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGIN EER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH
SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGIN EER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH
ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPE R. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERA-
ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPE R. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERA-
TIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING.
TIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING.
VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COOR-
VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COOR-
DINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSIST ANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICE R. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVEL-
DINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSIST ANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICE R. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVEL-
OPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIR ECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTI NG. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL
OPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIR ECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTI NG. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL
AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTO R, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING.
AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTO R, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING.
DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIREC TOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEAS-
DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIREC TOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEAS-
ING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM
ING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM
COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MAN-
COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MAN-
AGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEA SING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER,
AGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEA SING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER,
TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIO NSHIP MANAGER. REAL ESTATE ADMINISTRATOR.
TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIO NSHIP MANAGER. REAL ESTATE ADMINISTRATOR.
REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SEN IOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMIN ISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DIS -
REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SEN IOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMIN ISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DIS -
BURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASIN G AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST
BURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASIN G AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST
- ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF
- ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF
INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNT -
INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNT -
ING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSIN ESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST.
ING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSIN ESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST.
CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES.
CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES.
DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOY EE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIR ECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOP -
DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOY EE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIR ECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOP -
MENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVEN UE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEA SING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINIS -
MENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVEN UE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEA SING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINIS -
TRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN . IT SUPPORT ENGINEER. LEASE ADMINISTRATOR.
TRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN . IT SUPPORT ENGINEER. LEASE ADMINISTRATOR.
LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MAN-
LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MAN-
AGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER,
AGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER,
NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMEN T. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS
NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMEN T. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS
COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SEN -
COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SEN -
IOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELAT IONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING
IOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELAT IONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING
RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR,
RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR,
DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOT AL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE
DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOT AL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE
AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL
AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL
MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILIT IES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPO-
MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILIT IES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPO-
RATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONST RUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR,
RATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONST RUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR,
FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTO R, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR,
FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTO R, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR,
STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSIST ANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL
STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSIST ANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL
MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMEN T
MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMEN T
ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSI STANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERV-
ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSI STANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERV-
ICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYS-
ICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYS-
TEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MAR KETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING C OORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYRO LL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT
TEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MAR KETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING C OORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYRO LL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT
ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALY ST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRA-
ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALY ST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRA-
TOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIO R
TOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIO R
SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER.
SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER.
TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT.
TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT.
VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COM PLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHI P. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSIS-
VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COM PLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHI P. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSIS-
TANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR . DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS.
TANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR . DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS.
DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIR ECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MAR-
DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIR ECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MAR-
KETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS.
KETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS.
DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSIST ANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERIN TENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECH-
DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSIST ANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERIN TENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECH-
NICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST.
NICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST.
MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER,
MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER,
LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MAN AGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENT ER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST.
LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MAN AGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENT ER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST.
NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJE CT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEAS-
NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJE CT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEAS-
ING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADM INISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRA -
ING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADM INISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRA -
STRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIO R
STRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIO R
SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINA TOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP,
SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINA TOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP,
ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEV ELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS
ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEV ELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS
& CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSI STANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINES S SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPER -
& CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSI STANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINES S SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPER -
ATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTO R, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMEN T. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE
ATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTO R, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMEN T. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE
RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FIN ANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE
RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FIN ANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE
PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALE NT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWAR DS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASIN G. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACIL -
PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALE NT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWAR DS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASIN G. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACIL -
ITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MAN AGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MAN-
ITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MAN AGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MAN-
AGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER,
AGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER,
FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFOR MATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PRO-
FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFOR MATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PRO-
A C C O U N T I N G S TA N D A R D S A N D C O M P L I A N C E S P E C I A L I S T. A D M I N I S T R AT I V E S E C R E TA RY. A D M I N I S T R AT O R . A N A LY S T. A C C O U N T S U P E R V I S O R , PA RT N E R R E L AT I O N S & C E N T E R S P O N S O R S H I P. A S S I S TA NT. AS S I S TA N T A C C O U NTA N T. A S S I S TA N T A N A LY S T. A S S I S TA N T G E N E R A L M A N A G E R . A S S I S TA N T T O T H E
C F O . A S S I S TA N T T O T H E C H A I R M A N . A S S I S TA N T T O T H E C O O . A S S I S TA N T B I L L I N G C O O R D I N AT O R . A S S I S TA N T FA C I L I T I E S S U P E R I N T E N D E N T. A S S I STA N T L E A S E A D M I N I S T R AT O R . A S S I S TA N T M A N A G E R , C O N T R A C T A D M I N I S T R AT I O N . A S S I S TA N T P R O J E C T C O N T R O L S P E C I A L I S T. B I L L I N G C O O R D I NAT O R .
B U S I N E S S S Y S T E M S A N A LY S T. C A P ITA L I N V E S T M E N T A N A LY S T. C E N T E R & S P E C I A LT Y L E A S I N G A S S I S TA N T. C E N T E R A S S I S TA NT. C H A I R M A N , P R E S I D E N T & C E O . C H I E F E N G I N E E R . C H I E F I N V E S T M E N T O F F I C E R . C H I E F O P E R AT I N G O F F I C E R . C H I E F T E C H N O L O G Y O F F I C E R . C L E R K . C O M P U T E R S U P P ORT A N A LY ST.
C O O R D I N AT O R . C O R P O R AT E M A R K E T I N G S P E C I A L I S T. C R E D I T A D M I N I S T R AT O R . D ATA B A S E A D M I N I S T R AT O R . D E V E L O P M E N T D I R E C T O R . D E V E L O P M E N T S P E C I A L I S T. D I G I TA L P U B L I C R E L AT I O N S S P E C I A L I S T. D I R E C T O R , C A P ITA L I N V E S T M E N T S & F I N A N C I A L P L A N N I N G . D I R E C T O R , C A P ITA L M A R K E T S . DI R E C T O R ,
C O R E M A N A G E M E N T. D I R E C T O R , C O R E P R O J E C T M A N A G E M E N T. D I R E C T O R , C O R P O R AT E F I N A N C I A L S E R V I C E S . D I R E C T O R , C U S T O M E R I N F O R M AT I O N . D IR E C T O R , D E S I G N & D E V E L OP. D I R E C T O R , D E V E L O P M E N T. D I R E C T O R , D I G I TA L M A R K E T I N G . D I R E C T O R , E M P L O Y E E R E L AT I O N S . D I R E C T O R , E N G I N E E R I N G
& C O N S T R U C T I O N . D I R E C T O R , E N T E R P R I S E A P P L I CAT I O N S . D I R E C T O R , F I N A N C I A L A N A LY S I S . D I R E C T O R , F I N A N C I A L R E P O RT I N G . D I R E C T O R , I N F O R M AT I O N T E C H N O L O GY. D I R E C T O R , I N T E R N A L A U D IT. D I R E C T O R , I T I N F R A S T R U C T U R E & O P E R AT I O N S . D I R E C T O R , L E A S E A D M I N I S T RAT I O N . D I R E C T OR , L E A S E
C O M P L I A N C E . D I R E C T O R , PA RT N E R M A R K E T I N G . D I R E C T O R , P L A N N I N G & D E S I G N . D I R E C T O R , P R E - C O N S T R U C T I O N S E R V I C E S . D I R E C T O R , P R O F E S S I O N A L D E V E L O P M E NT. D I R E C T O R , P R O G R A M M A N A G E M E N T. D I R E C T O R , PA RT N E R R E L AT I O N S & C E N T E R S P O N S O R S H IP. D I R E C T O R , R E A L E S TAT E TA X .
D I R E C T O R , R E V E N U E P R O G R A M S . D I R E C T O R , R I S K M A N A G E M E N T. D I R E C T O R , S H O P P I N G C E N T E R F I N A N C I A L S E R V I C E S . D I R E C T O R , S T R AT E G Y & R E S E A R C H . D I R E C T O R , TA L E N T A C Q U I S I T I O N . D I R E C T O R , TA X C O M P L I A N C E . D I R E C T O R , TA X , R E I T & P L A N N I N G . D I R E C T O R , T E N A N T C O O R D I NAT I O N . D IR E C T O R ,
T O TA L R E WA R D S . D I R E C T O R , T R E A S URY . D I R E C T O R , TA U B M A N S M A RT B U I L D I N G S O P E R AT I O N S . D I R E C T O R , U T I L I T I E S & E N E R G Y M A N A G E M E N T. D I R E C T O R , L E A S I N G . D I S B U R S E M E N T C O O R D I NAT O R . E X E C U T I V E A D M I N I S T R AT O R . E X E C U T I V E A S S I S TA NT. FA C I L I T I E S A D M I N I S T RAT I O N CO O R D I NAT O R .
FA C I L I T I E S D I R E C T O R . FA C I L I T I E S M A I N T E N A N C E . FA C I L I T I E S M A N A G E R . FA C I L I T I E S S U P E R I N T E N D E NT. F I N A N C I A L A S S I S TA NT. F I N A N C I A L C O N T R O L L E R . G E N E R A L M A I N T E N A N C E . G E N E R A L M A N A G E M E N T A S S I S TA NT. G E N E R A L M A N A G E R . G R O U P D I R E C T O R , T E N A N T C O O R D I NAT I O N . G R O U P V I C E
P R E S I D E N T, L E A S I N G . H U M A N R E S O U R C E S I N F O R M AT I O N T E C H N O L O G Y A N A LY ST. H U M A N R E S O U R C E S A S S O C IAT E . H U M A N R E S O U R C E S D I R E C T O R . H VA C T E C H N I C I A N . I M A G I N G C O O R D I NAT O R . I N F R A S T R U C T U R E E N G I N E E R . I N T E R N . I T S U P P O RT E N G I N E E R . L E A S E A D M I N I S T R AT O R . L E A S I N G A G E N T I .
L E A S I N G A G E N T I I . L E A S I N G A G E N T I I I . L E A S I N G AT T O R N E Y. L E A S I N G M A N A G E R . L E A S I N G S E R V I C E S A S S O C IAT E . L E A S I N G S E R V I C E S M A N A G E R . L E G A L A S S I S TA NT. L E A S I N G S E R V I C E S C O O R D I N AT O R . M A I N T E N A N C E T E C H N I C I A N . M A N A G E M E N T A S S I S TA NT. M A N A G E R , C O N S T R U C T I O N . M A N A G I N G
AT T O R N E Y. M A N A G I N G D I R E C T O R O F C H I N A . M A R K E T I N G & T O U R I S M C O O R D I N AT O R . M A R K E T I N G A S S I S TA NT. M A R K E T I N G C O N S ULT A NT. M A R K E T I N G C O O R D I N AT O R . M A R K E T I N G M A N A G E R . M A R K E T I N G S P E C I A L I S T. M A R K E T I N G S P O N S O R S H I P C O O R D I NAT O R . M A N A G E R , C E N T E R M A R K E T I N G .
M A N A G E R , C E N T E R O P E R AT I O N S . M A N A G E R , C E N T R A L O P E R AT I O N S . M A N A G E R , C O N S T R U C T I O N . M A N A G E R , E C O M M E R C E & M O B I L I T Y. M A N A G E R , E N G I N E E R I N G & C O N S T R U C T I O N . M A N A G E R , F I N A N C E . M A N A G E R , F I N A N C I A L A N A LY S I S . M A N A G E R , F I N A N C I A L R E P O RT I N G . M A N A G E R , F I N A N C I A L
S E R V I C E S . M A N A G E R , H U M A N R E S O U R C E S I N F O R MAT I O N T E C H N O L O G Y & C O M P E N S AT I O N . M A N A G E R , I N F R A S T R U C T U R E . M A N A G E R , I N T E R A C T I V E M A R K E TI N G . M A N A G E R , I N T E R N A L A U D IT. M A N A G E R , I T S E R V I C E & S U P P O RT. M A N A G E R , L E A S E A D M I N I S T RAT I O N . M A N A G E R , L E A S I N G S E R V I C E S .
M A N A G E R , L E G A L C O N T R A C T S A D M I N I S T R AT I O N . M A N A G E R , M A L L M E D I A I M PA C T. M A N A G E R , N AT I O N A L S P E C I A LT Y L E A S I N G . M A N A G E R , O F F I C E S E R V IC E S . M A N A G E R , P L A N N I N G & D E S I G N . M A N A G E R , P R E - C O N S T R U C T I O N S E R V I C E S . M A N A G E R , P R O G R A M S . M A N A G E R , S H O P P I N G C E N T E R F I N A N C I A L
S E R V I C E S . M A N A G E R , S P E C I A L P R O J E C T S . M A N A G E R , S Y S T E M S . M A N A G E R , S Y S T E M S D E V E L O P M E N T. M A N A G E R , TA X . M A N A G E R , T E N A N T C O O R D I N AT I O N A D M I N I S T RAT I O N . M A N A G E R , T E N A N T C O O R D I NAT I O N . M A R K E T I N G & S P O N S O R S H I P S P E C I A L I S T. M A R K E T I N G & S P O N S O R S H I P D I R E C T O R .
M A R K E T I N G & T O U R I S M S P E C I A L I S T. N AT I O N A L S P O N S O R S H I P L E A S I N G C O O R D I N AT I O N . O F F I C E M A N A G E R . O P E R AT I O N S A S S I S TA NT. O P E R AT I O N S C OO R D I N AT O R . O P E R AT I O N S D I R E C T O R . O W N E R ' S R E P R E S E N TAT I V E . PAY R O L L S U P E R V I S O R . P U B L I C R E L AT I O N S S P E C I A L I S T. P R E S I D E N T, TA U B M A N A S I A .
P R O C U R E M E N T C O O R D I N AT O R . P R O J E C T M A N A G E M E N T - E N T E R P R I S E . P R O J E C T A D M I N I S T R AT O R . P R O J E C T A N A LY S T I . P R O J E C T C O N T R O L S P E C I A L I ST. P R O J E C T M A N A G E R - B U S I N E S S R E L AT I O N S H I P M A N A G E R . R E A L E S TAT E A D M I N I S T RAT O R . R E A L E S TAT E TA X A N A LY ST. R E C E P T I O N I S T. R E C O R D S
C O O R D I N AT O R . R E C O R D S M A N A G E M E N T C O O R D I N AT O R . R E G I O N A L D I R E C T O R , S P E C I A LT Y L E A S I N G . R E G I O N A L M A R K E T S P E C I A L I S T. R E TA I L D E S I G N M A N A G E R . S E N I O R A C C O U NTA N T. S E N I O R A N A LY S T. S E N I O R A S S I S TA NT. S E N I O R AT T O R N E Y. S E N I O R TA X A N A LY S T. S E R V I C E S U P P O RT A N A LY S T.
S E R V I C E S C O O R D I N AT O R . S P E C I A LT Y L E A S I N G A G E N T. S P E C I A LT Y L E A S I N G A D M I N I S T R AT O R . S P E C I A LT Y L E A S I N G A G E NT. S P O N S O R S H I P & C E N T E R M A R K E T I N G A D M I N I S T R AT O R . S P O N S O R S H I P C O O R D I NAT O R . S P O N S O R S H I P S P E C I A L I S T. S E N I O R A D M I N I S T RAT O R . S E N I O R B E N E F I T S S P E C I A L I S T. S E N I O R
D I S B U R S E M E N T C O O R D I NAT O R . S E N I O R E M P L O Y E E R E L AT I O N S S P E C I A L I S T. S E N I O R FA C I L I T I E S D I R E C T O R . S E N I O R F I N A N C I A L A S S I S TA N T. S E N I O R I N F R A S T R U C T U R E E N G I N E E R . S E N I O R I N V E S T O R R E L AT I O N S A N A LY ST. S E N I O R L E A S I N G M A N A G E R . S E N I O R L E A S I N G R E S E A R C H A N A LY S T. S E N I O R L E G A L
A S S I S TA N T. S E N I O R L E A S I N G S E R V I C E S C O O R D I N AT O R . S E N I O R M A R K E T R E S E A R C H A N A LY S T. S E N I O R PAY R O L L C O O R D I N AT O R . S E N I O R P R O J E C T A N A LY S T. S E N I O R R E A L E S TAT E TAX A N A LY ST. S E N I O R R E S E A R C H A N A LY ST. S E N I O R S P E C I ALT Y L E A S I N G A G E N T A S S I S TA NT. S E N I O R S P E C I ALT Y L E A S I N G
A G E NT. S E N I O R S Y S T E M A N ALY S T. S E N I O R S Y S T E M A N A LY S T - E N T E R P R I S E D ATA M A N A G E M E NT. S E N I O R S Y S T E M A N A LY S T - J D E DWA R D S . S E N I O R S Y ST E M D E V E L O P E R - E N T E R P R I S E R E S O U R C E P L A N N I N G . S E N I O R S Y S T E M S D E V E L O P E R . S E N I O R TA L E N T A C Q U I S I T I O N S P E C I A L I S T. S E N I O R T E N A N T
C O O R D I N AT O R . S E N I O R , D E V E L O P M E N T M A N A G E R . S T R AT E G Y & R E S E A R C H A N A LY S T I . S VP, C A P ITA L M A R K E T S & T R E A S URY . S VP, C E N T E R O P E R AT I O N S. S V P, C H I E F S T R AT E G Y O F F I C E R . S VP, C O N T R O L L E R & C A O . S VP, D E V E L O P M E N T. S VP, G E N E R A L C O U N S E L . S VP, L E A S I N G . S Y S T E M D E V E L O P E R . TA L E N T
A C Q U I S I T I O N S P E C I A L I ST. TA X A N ALY S T. T E N A N T C O O R D I N AT O R . T E A M L E A D , C E N T E R M A R K E T I N G . T E A M L E A D , S TA F F I N T E G R AT I O N & T R A I N I N G C O O R D I N AT O R . T O TA L R E WA R D S A N A LY S T. U T I L I T I E S A N D E N G I N E E R I N G M A N A G E M E N T A N A LY ST. V I C E C H A I R M A N , C F O . V P, A S S I S TA N T C O N T R O L L E R .
V P, A S S I S TA N T G E N E R A L C O U N S E L . V P, C E N T R A L O P E R AT I O N S . V P, C O R P O RAT E A FFA I R S & I N V E S T O R R E L AT I O N S . V P, D E V E L O P M E N T. V P, E N G I N E ER I N G & C O N S T R U C T I O N . V P, F I N A N C I A L R E P O RT I N G . V P, H U M A N R E S O U R C E S . V P, L E A S E C O M P L I A N C E . V P, L E A S I N G . V P, L E G A L C O U N S E L - A S I A . V P,
P L A N N I N G & D E S I G N . V P, R E G I O N A L M A N A G E M E N T. V P, S E N I O R C O U N S E L . V P, S P O N S O R S H I P & C E N T E R M A R K E T I N G . V P, TA X . V P, T R E A S URY & F IN A N C I A L A N A LY S I S . A C C O U N T I N G S TA N D A R D S A N D C O M P L I A N C E S P E C I A L I S T. A D M I N I S T R AT I V E S E C R ETA RY. A D M I N I S T RAT O R . A N A LY ST. A C C O U N T
S U P E R V I S O R , PA RT N E R R E L AT I O N S & C E N T E R S P O N S O R S H IP. A S S I S TA N T. A S S I S TA N T A C C O U N TA NT. A S S I S TA N T A N A LY ST. A S S I S TA N T G E N E R A L M A N AG E R . A S S I S TA N T T O T H E C F O . A S S I S TA N T T O T H E C H A I R M A N . AS S I S TA N T T O T H E C O O . A S S I S TA N T B I L L I N G C O O R D I N AT O R . A S S I S TA N T FA C I L I T I E S
S U P E R I N T E N D E N T. A S S I S TA N T L E A S E A D M I N I S T R AT O R . A S S I S TA N T M A N A G E R , C O N T R A C T A D M I N I S T R AT I O N . A S S I S TA N T P R O J E C T C O N T R O L S P E C I A L I ST. B I L L I N G C O O R D I N AT O R . B U S I N E S S S Y S T E M S A N A LY ST. C A P I TA L I N V E S T M E N T A N A LY ST. C E N T E R & S P E C I ALT Y L E A S I N G A S S I S TA NT. C E N T E R A S S I S TA N T.
C H A I R M A N , P R E S I D E N T & C E O . C H I E F E N G I N E E R . C H I E F I N V E S T M E N T O F F I C E R . C H I E F O P E R AT I N G O F F I C E R . C H I E F T E C H N O L O G Y O F F I C E R . C L E R K . C O M P U T E R S U P P O RT A N A LY ST. C O O R D I N AT O R . C O R P O R AT E M A R K E T I N G S P E C I A L I S T. C R E D I T A D M I N I S T RAT O R . D ATA B A S E A D M I N I S T RAT O R . D E V E L O P M E NT
D I R E C T O R . D E V E L O P M E N T S P E C I A L I S T. D I G I TA L P U B L I C R E L AT I O N S S P E C I A L I ST. D I R E C T O R , C A P ITA L I N V E S T M E N T S & F I N A N C I A L P L A N N I N G . D I R E C T O R , C A P ITA L M A R K E T S . D I R E C T O R , C O R E M A N A G E M E N T. D I R E C T O R , C O R E P R O J E C T M A N A G E M E N T. D I R E C T O R , C O R P O R AT E F I N A N C I A L S E R V I C E S . D IR E C T O R ,
C U S T O M E R I N F O R M AT I O N . D I R E C T O R , D E S I G N & D E V E L O P. D I R E C T O R , D E V E L O P M E N T. D I R E C T O R , D I G I TA L M A R K E T I N G . D I R E C T O R , E M P L O Y E E R E LAT I O N S . D I R E C T O R , E N G I N E E R I N G & C O N S T R U C T I O N . D I R E C T O R , E N T E R P R I S E A P P L I C AT I O N S . D I R E C T O R , F I N A N C I A L A N A LY S I S . D I R E C T O R , F I N A N C I AL
R E P ORT I N G . D I R E C T O R , I N F O R M AT I O N T E C H N O L O G Y. D I R E C T O R , I N T E R N A L A U D IT. D I R E C T O R , I T I N F R A S T R U C T U R E & O P E R AT I O N S . D I R E C T O R , L E A S E A D M I N I S T R AT I O N . D I R E C T O R , L E A S E C O M P L I A N C E . D I R E C T O R , PA RT N E R M A R K E T I N G . D I R E C T O R , P L A N N I N G & D E S I G N . D I R E C T O R , P R E - C O N S T R U C T I O N
S E R V I C E S . D I R E C T O R , P R O F E S S I O N A L D E V E L O P M E NT. D I R E C T O R , P R O G R A M M A N A G E M E N T. D I R E C T O R , PA RT N E R R E L AT I O N S & C E N T E R S P O N S O R S H IP. D I R E C T O R , R E A L E S TAT E TA X . D I R E C T O R , R E V E N U E P R O G R A M S . D I R E C T O R , R I S K M A N A G E M E N T. D I R E C T O R , S H O P P I N G C E N T E R F I N A N C I A L S E R V I C E S .
D I R E C T O R , S T R AT E G Y & R E S E A R C H . D I R E C T O R , TA L E N T A C Q U I S I T I O N . D I R E C T O R , TA X C O M P L I A N C E . D I R E C T O R , TA X , R E I T & P L A N N I N G . D I R E C T O R, T E N A N T C O O R D I NAT I O N . D I R E C T O R , T OTA L R E WA R D S . D I R E C T O R , T R E A S URY. D I R E C T O R , TA U B M A N S M ART B U I L D I N G S O P E R AT I O N S . D I R E C T O R , U T IL I T I E S
& E N E R G Y M A N A G E M E NT. D I R E C T O R , L E A S I N G . D I S B U R S E M E N T C O O R D I NAT O R . E X E C U T I V E A D M I N I S T R AT O R . E X E C U T I V E A S S I S TA N T. FA C I L I T I E S A D M I N I S T R AT I O N C O O R D I NAT O R . FA C I L I T I E S D I R E C T O R . FA C I L I T I E S M A I N T E N A N C E . FA C I L I T I E S M A N A G E R . FA C I L I T I E S S U P E R I N T E N D E N T. F I N A N C I A L
A S S I S TA N T. F I N A N C I A L C O N T R O L L E R . G E N E R A L M A I N T E N A N C E . G E N E R A L M A N A G E M E N T A S S I S TA N T. G E N E R A L M A N A G E R . G R O U P D I R E C T O R , T E N A N T C O O R D I N AT I O N . G R O U P V I C E P R E S I D E N T, L E A S I N G . H U M A N R E S O U R C E S I N F O R M AT I O N T E C H N O L O G Y A N A LY S T. H U M A N R E S O U R C E S A S S O C I AT E .
H U M A N R E S O U R C E S D I R E C T O R . H VA C T E C H N I C I A N . I M A G I N G C O O R D I N AT O R . I N F R A S T R U C T U R E E N G I N E E R . I N T E R N . I T S U P P ORT E N G I N E E R . L E A S E A DM I N I S T RAT O R . L E A S I N G A G E N T I . L E A S I N G A G E N T I I . L E A S I N G A G E N T I I I . L E A S I N G AT T O R N E Y. L E A S I N G M A N A G E R . L E A S I N G S E R V I C E S A S S O C I AT E .
L E A S I N G S E R V I C E S M A N A G E R . L E G A L A S S I S TA N T. L E A S I N G S E R V I C E S C O O R D I NAT O R . M A I N T E N A N C E T E C H N I C I A N . M A N A G E M E N T A S S I S TA NT. M A N A G E R , C O N S T R U C T I O N . M A N A G I N G AT T O R N E Y. M A N A G I N G D I R E C T O R O F C H I N A . M A R K E T I N G & T O U R I S M C O O R D I NAT O R . M A R K E T I N G A S S I S TA NT.
M A R K E T I N G C O N S ULT A N T. M A R K E T I N G C O O R D I NAT O R . M A R K E T I N G M A N A G E R . M A R K E T I N G S P E C I A L I S T. M A R K E T I N G S P O N S O R S H I P C O O R D I N AT O R . M A N A G E R , C E N T E R M A R K E T I N G . M A N A G E R , C E N T E R O P E R AT I O N S . M A N A G E R , C E N T R A L O P E R AT I O N S . M A N A G E R , C O N S T R U C T I O N . M A N A G E R ,
E C O M M E R C E & M O B I L I T Y. M A N A G E R , E N G I N E E R I N G & C O N S T R U C T I O N . M A N A G E R , F I N A N C E . M A N A G E R , F I N A N C I A L A N A LY S I S . M A N A G E R , F I N A N C I A L R E P ORT I N G . M A N A G E R , F I N A N C I A L S E R V I C E S . M A N A G E R , H U M A N R E S O U R C E S I N F O R M AT I O N T E C H N O L O G Y & C O M P E N S AT I O N . M A N A G E R ,
I N F R A S T R U C T U R E . M A N A G E R , I N T E R A C T I V E M A R K E T I N G . M A N A G E R , I N T E R N A L A U D IT. M A N A G E R , I T S E R V I C E & S U P P O RT. M A N A G E R , L E A S E A D M I N I S T R AT I O N . M A N A G E R , L E A S I N G S E R V I C E S . M A N A G E R , L E G A L C O N T R A C T S A D M I N I S T RAT I O N . M A N A G E R , M A L L M E D I A I MPA C T. M A N A G E R , N AT I O N A L
S P E C I A LT Y L E A S I N G . M A N A G E R , O F F I C E S E R V I C E S . M A N A G E R , P L A N N I N G & D E S I G N . M A N A G E R , P R E - C O N S T R U C T I O N S E R V I C E S . M A N A G E R , P R O G R A M S . M A N A G E R , S H O P P I N G C E N T E R F I N A N C I A L S E R V I C E S . M A N A G E R , S P E C I A L P R O J E C T S . M A N A G E R , S Y S T E M S . M A N A G E R , S Y S T E M S D E V E L O P M E N T.
M A N A G E R , TA X . M A N A G E R , T E N A N T C O O R D I N AT I O N A D M I N I S T R AT I O N . M A N A G E R , T E N A N T C O O R D I N AT I O N . M A R K E T I N G & S P O N S O R S H I P S P E C I A L I ST. M AR K E T I N G & S P O N S O R S H I P D I R E C T O R . M A R K E T I N G & T O U R I S M S P E C I A L I S T. N AT I O N A L S P O N S O R S H I P L E A S I N G C O O R D I NAT I O N . O F F I C E M A N A G E R .
O P E R AT I O N S A S S I S TA NT. O P E R AT I O N S C O O R D I N AT O R . O P E R AT I O N S D I R E C T O R . O W N E R ' S R E P R E S E NTAT I V E . PAY R O L L S U P E R V I S O R . P U B L I C R E L AT I O N S S P E C I A L I S T. P R E S I D E N T, TA U B M A N A S I A . P R O C U R E M E N T C O O R D I N AT O R . P R O J E C T M A N A G E M E N T - E N T E R P R I S E . P R O J E C T A D M I N I S T RAT O R . P R O J E C T
A N A LY S T I . P R O J E C T C O N T R O L S P E C I A L I ST. P R O J E C T M A N A G E R - B U S I N E S S R E L AT I O N S H I P M A N A G E R . R E A L E STAT E A D M I N I S T R AT O R . R E A L E S T AT E TA X A N A LY ST. R E C E P T I O N I S T. R E C O R D S C O O R D I NAT O R . R E C O R D S M A N A G E M E N T C O O R D I NAT O R . R E G I O N A L D I R E C T O R , S P E C I ALT Y L E A S I N G . R E G I O N A L
M A R K E T S P E C I A L I S T. R ETA I L D E S I G N M A N A G E R . S E N I O R A C C O U N TA NT. S E N I O R A N A LY ST. S E N I O R A S S I S TA NT. S E N I O R AT T O R N E Y. S E N I O R TA X A N A LY ST. S E R V I C E S U P P O RT A N A LY ST. S E R V I C E S C O O R D I N AT O R . S P E C I A LT Y L E A S I N G A G E N T. S P E C I ALT Y L E A S I N G A D M I N I S T RAT O R . S P E C I ALT Y L E A S I N G A G E N T.
S P O N S O R S H I P & C E N T E R M A R K E T I N G A D M I N I S T R AT O R . S P O N S O R S H I P C O O R D I N AT O R . S P O N S O R S H I P S P E C I A L I S T. S E N I O R A D M I N I S T R AT O R . S E N I O R B EN E F I T S S P E C I A L I S T. S E N I O R D I S B U R S E M E N T C O O R D I N AT O R . S E N I O R E M P L O Y E E R E LAT I O N S S P E C I A L I S T. S E N I O R FA C I L I T I E S D I R E C T O R . S E N I O R
F I N A N C I A L A S S I S TA N T. S E N I O R I N F R A S T R U C T U R E E N G I N E E R . S E N I O R I N V E S T O R R E L AT I O N S A N A LY S T. S E N I O R L E A S I N G M A N A G E R . S E N I O R L E A S I N G R E S E A R C H A N A LY S T. S E N I O R L E G A L A S S I S TA NT. S E N I O R L E A S I N G S E R V I C E S C O O R D I N AT O R . S E N I O R M A R K E T R E S E A R C H A N A LY S T. S E N I O R PAY R O L L
C O O R D I N AT O R . S E N I O R P R O J E C T A N A LY S T. S E N I O R R E A L E STAT E TA X A N ALY S T. S E N I O R R E S E A R C H A N A LY ST. S E N I O R S P E C I ALT Y L E A S I N G A G E N T A SS I S TA NT. S E N I O R S P E C I ALT Y L E A S I N G A G E N T. S E N I O R S Y S T E M A N A LY ST. S E N I O R S Y S T E M A N A LY S T - E N T E R P R I S E DATA M A N A G E M E N T. S E N I O R S Y S TE M
A N A LY S T - J D E D WA R D S . S E N I O R S Y S T E M D E V E L O P E R - E N T E R P R I S E R E S O U R C E P L A N N I N G . S E N I O R S Y S T E M S D E V E L O P E R . S E N I O R TA L E N T A C Q U I S I T I O N S P E C I A L I S T. S E N I O R T E N A N T C O O R D I N AT O R . S E N I O R , D E V E L O P M E N T M A N A G E R . S T R AT E G Y & R E S E A R C H A N A LY S T I . S VP, C A P ITA L M A R K E T S
& T R E A S U RY. S VP, C E N T E R O P E R AT I O N S . S V P, C H I E F S T R AT E G Y O F F I C E R . S VP, C O N T R O L L E R & C A O . S VP, D E V E L O P M E N T. S V P, G E N E R A L C O U N S E L . S V P, L E A S I N G . S Y S T E M D E V E L O P E R . TA L E N T A C Q U I S I T I O N S P E C I A L I S T. TA X A N A LY S T. T E N A N T C O O R D I N AT O R . T E A M L E A D , C E N T E R M A R K E T I N G . T EA M L E A D ,
S TA F F I N T E G R AT I O N & T R A I N I N G C O O R D I N AT O R . T O TA L R E WA R D S A N A LY S T. U T I L I T I E S A N D E N G I N E E R I N G M A N A G E M E N T A N A LY S T. V I C E C H A I R M A N , C F O . V P, A S S I S TA N T C O N T R O L L E R . V P, A S S I S TA N T G E N E R A L C O U N S E L . V P, C E N T R A L O P E R AT I O N S . V P, C O R P O R AT E A F FA I R S & I N V E S T O R R E L AT I O N S .
V P, D E V E L O P M E N T. V P, E N G I N E E R I N G & C O N S T R U C T I O N . V P, F I N A N C I A L R E P O RT I N G . V P, H U M A N R E S O U R C E S . V P, L E A S E C O M P L I A N C E . V P, L E A S I N G . V P, L E G A L C O U N S E L - A S I A . V P, P L A N N I N G & D E S I G N . V P, R E G I O N A L M A N A G E M E N T. V P, S E N I O R C O U N S E L . V P, S P O N S O R S H I P & C E N T E R M A R K ET I N G .
V P, TA X . V P, T R E A S U RY & F I N A N C I A L A N A LY S I S . A C C O U N T I N G S TA N D A R D S A N D C O M P L I A N C E S P E C I A L I S T. A D M I N I S T R AT I V E S E C R E TA RY. A D M I N I S T RA T O R . A N A LY S T. A C C O U N T S U P E R V I S O R , PA RT N E R R E L AT I O N S & C E N T E R S P O N S O R S H IP. A S S I S TA NT. A S S I S TA N T A C C O U NTA N T. A S S I S TA N T A N A LY ST.
A S S I S TA N T G E N E R A L M A N A G E R . A S S I S TA N T T O T H E C F O . A S S I S TA N T T O T H E C H A I R M A N . A S S I S TA N T T O T H E C O O . A S S I S TA N T B I L L I N G C O O R D I N AT O R . A S S I S TA N T FA C I L I T I E S S U P E R I N T E N D E N T. A S S I S TA N T L E A S E A D M I N I S T RAT O R . A S S I S TA N T M A N A G E R , C O N T R A C T A D M I N I S T RAT I O N . A S S I S TA N T P R O J E C T
C O N T R O L S P E C I A L I S T. B I L L I N G C O O R D I N AT O R . B U S I N E S S S Y S T E M S A N A LY ST. C A P I TA L I N V E S T M E N T A N A LY S T. C E N T E R & S P E C I A LT Y L E A S I N G A S S I ST A N T. C E N T E R A S S I S TA NT. C H A I R M A N , P R E S I D E N T & C E O . C H I E F E N G I N E E R . C H I E F I N V E S T M E N T O F F I C E R . C H I E F O P E R AT I N G O F F I C E R . C H I E F T EC H N O L O G Y
O F F I C E R . C L E R K . C O M P U T E R S U P P ORT A N A LY ST. C O O R D I NAT O R . C O R P O R AT E M A R K E T I N G S P E C I A L I S T. C R E D I T A D M I N I S T R AT O R . D ATA B A S E A D M I N I S T RAT O R . D E V E L O P M E N T D I R E C T O R . D E V E L O P M E N T S P E C I A L I S T. D I G I TA L P U B L I C R E L AT I O N S S P E C I A L I S T. D I R E C T O R , C A P ITA L I N V E S T M E N T S & F I N A NC I A L
P L A N N I N G . D I R E C T O R , C A P ITA L M A R K E T S . D I R E C T O R , C O R E M A N A G E M E N T. D I R E C T O R , C O R E P R O J E C T M A N A G E M E N T. D I R E C T O R , C O R P O RAT E F I N A N C I A L S E R V I C E S . D I R E C T O R , C U S T O M E R I N F O R M AT I O N . D I R E C T O R , D E S I G N & D E V E L O P. D I R E C T O R , D E V E L O P M E N T. D I R E C T O R , D I G I TA L M A R K E T I N G .
D I R E C T O R , E M P L O Y E E R E L AT I O N S . D I R E C T O R , E N G I N E E R I N G & C O N S T R U C T I O N . D I R E C T O R , E N T E R P R I S E A P P L I C AT I O N S . D I R E C T O R , F I N A N C I A L A N A LY S I S . D I R E C T O R , F I N A N C I A L R E P O RT I N G . D I R E C T O R , I N F O R M AT I O N T E C H N O L O GY. D I R E C T O R , I N T E R N A L A U D IT. D I R E C T O R , I T I N F R A S T R U C T U R E &
O P E R AT I O N S . D I R E C T O R , L E A S E A D M I N I S T R AT I O N . D I R E C T O R , L E A S E C O M P L I A N C E . D I R E C T O R , PA RT N E R M A R K E T I N G . D I R E C T O R , P L A N N I N G & D E S IG N . D I R E C T O R , P R E - C O N S T R U C T I O N S E R V I C E S . D I R E C T O R , P R O F E S S I O N A L D E V E L O P M E N T. D I R E C T O R , P R O G R A M M A N A G E M E N T. D I R E C T O R , PART N E R
R E L AT I O N S & C E N T E R S P O N S O R S H IP. D I R E C T O R , R E A L E STAT E TA X . D I R E C T O R , R E V E N U E P R O G R A M S . D I R E C T O R , R I S K M A N A G E M E N T. D I R E C T O R , S H O P P I N G C E N T E R F I N A N C I A L S E R V I C E S . D I R E C T O R , S T R AT E G Y & R E S E A R C H . D I R E C T O R , TA L E N T A C Q U I S I T I O N . D I R E C T O R , TA X C O M P L I A N C E . D I R E C T O R ,
TA X , R E I T & P L A N N I N G . D I R E C T O R , T E N A N T C O O R D I N AT I O N . D I R E C T O R , T O TA L R E WA R D S . D I R E C T O R , T R E A S URY . D I R E C T O R , TA U B M A N S M A RT B U I L D I N G S O P E R AT I O N S . D I R E C T O R , U T I L I T I E S & E N E R G Y M A N A G E M E N T. D I R E C T O R , L E A S I N G . D I S B U R S E M E N T C O O R D I N AT O R . E X E C U T I V E A D M I N I S T RAT O R .
E X E C U T I V E A S S I S TA NT. FA C I L I T I E S A D M I N I S T R AT I O N C O O R D I N AT O R . FA C I L I T I E S D I R E C T O R . FA C I L I T I E S M A I N T E N A N C E . FA C I L I T I E S M A N A G E R . FA C I L I T I E S S U P E R I N T E N D E N T. F I N A N C I A L A S S I S TA NT. F I N A N C I A L C O N T R O L L E R . G E N E R A L M A I N T E N A N C E . G E N E R A L M A N A G E M E N T A S S I S TA NT. G E N E R A L
M A N A G E R . G R O U P D I R E C T O R , T E N A N T C O O R D I N AT I O N . G R O U P V I C E P R E S I D E N T, L E A S I N G . H U M A N R E S O U R C E S I N F O R M AT I O N T E C H N O L O G Y A N A LY ST. H U M A N R E S O U R C E S A S S O C I AT E . H U M A N R E S O U R C E S D I R E C T O R . H VA C T E C H N I C I A N . I M A G I N G C O O R D I N AT O R . I N F R A S T R U C T U R E E N G I N E E R . I N T E R N .
I T S U P P O RT E N G I N E E R . L E A S E A D M I N I S T R AT O R . L E A S I N G A G E N T I . L E A S I N G A G E N T I I . L E A S I N G A G E N T I I I . L E A S I N G AT T O R N E Y. L E A S I N G M A N AG E R . L E A S I N G S E R V I C E S A S S O C I AT E . L E A S I N G S E R V I C E S M A N A G E R . L E G A L A S S I S TA NT. L E A S I N G S E R V I C E S C O O R D I NAT O R . M A I N T E N A N C E T E C H N I C I AN .
M A N A G E M E N T A S S I S TA NT. M A N A G E R , C O N S T R U C T I O N . M A N A G I N G AT T O R N EY. M A N A G I N G D I R E C T O R O F C H I N A . M A R K E T I N G & T O U R I S M C O O R D I N AT O R . M A R K E T I N G A S S I S TA NT. M A R K E T I N G C O N S ULT A NT. M A R K E T I N G C O O R D I NAT O R . M A R K E T I N G M A N A G E R . M A R K E T I N G S P E C I A L I S T. M A R K E T I N G
S P O N S O R S H I P C O O R D I N AT O R . M A N A G E R , C E N T E R M A R K E T I N G . M A N A G E R , C E N T E R O P E R AT I O N S . M A N A G E R , C E N T R A L O P E R AT I O N S . M A N A G E R , C O N S T R U C TI O N . M A N A G E R , E C O M M E R C E & M O B I L I TY. M A N A G E R , E N G I N E E R I N G & C O N S T R U C T I O N . M A N A G E R , F I N A N C E . M A N A G E R , F I N A N C I A L
A N A LY S I S . M A N A G E R , F I N A N C I A L R E P O RT I N G . M A N A G E R , F I N A N C I A L S E R V I C E S . M A N A G E R , H U M A N R E S O U R C E S I N F O R M AT I O N T E C H N O L O G Y & C O M P E N S AT I O N . M A N A G E R , I N F R A S T R U C T U R E . M A N A G E R , I N T E R A C T I V E M A R K E T I N G . M A N A G E R , I N T E R N A L A U D IT. M A N A G E R , I T S E R V I C E & S U P P O RT.
M A N A G E R , L E A S E A D M I N I S T R AT I O N . M A N A G E R , L E A S I N G S E R V I C E S . M A N A G E R , L E G A L C O N T R A C T S A D M I N I S T R AT I O N . M A N A G E R , M A L L M E D I A I MPA C T. M A N A G E R , N AT I O N A L S P E C I ALT Y L E A S I N G . M A N A G E R , O F F I C E S E R V I C E S . M A N A G E R , P L A N N I N G & D E S I G N . M A N A G E R , P R E - C O N S T R U C T I O N
S E R V I C E S . M A N A G E R , P R O G R A M S . M A N A G E R , S H O P P I N G C E N T E R F I N A N C I A L S E R V I C E S . M A N A G E R , S P E C I A L P R O J E C T S . M A N A G E R , S Y S T E M S . M A N A G E R, S Y S T E M S D E V E L O P M E N T. M A N A G E R , TA X . M A N A G E R , T E N A N T C O O R D I NAT I O N A D M I N I S T RAT I O N . M A N A G E R , T E N A N T C O O R D I NAT I O N . M A R K E T I N G
& S P O N S O R S H I P S P E C I A L I ST. M A R K E T I N G & S P O N S O R S H I P D I R E C T O R . M A R K E T I N G & T O U R I S M S P E C I A L I ST. N AT I O N A L S P O N S O R S H I P L E A S I N G C O O R D I N AT I O N . O F F I C E M A N A G E R . O P E R AT I O N S A S S I S TA NT. O P E R AT I O N S C O O R D I NAT O R . O P E R AT I O N S D I R E C T O R . O W N E R ' S R E P R E S E N TAT I V E . PAY R O L L
S U P E R V I S O R . P U B L I C R E L AT I O N S S P E C I A L I S T. P R E S I D E N T, TA U B M A N A S I A . P R O C U R E M E N T C O O R D I N AT O R . P R O J E C T M A N A G E M E N T - E N T E R P R I S E . P R O J E C T A D M I N I S T R AT O R . P R O J E C T A N A LY S T I . P R O J E C T C O N T R O L S P E C I A L I S T. P R O J E C T M A N A G E R - B U S I N E S S R E L AT I O N S H I P M A N A G E R . R E A L E S TAT E
A D M I N I S T R AT O R . R E A L E S TAT E TA X A N A LY S T. R E C E P T I O N I ST. R E C O R D S C O O R D I N AT O R . R E C O R D S M A N A G E M E N T C O O R D I N AT O R . R E G I O N A L D I R E C T O R , S PE C I ALT Y L E A S I N G . R E G I O N A L M A R K E T S P E C I A L I S T. R E TA I L D E S I G N M A N A G E R . S E N I O R A C C O U NTA N T. S E N I O R A N A LY S T. S E N I O R A S S I S TA NT. S E N I O R
AT T O R N E Y. S E N I O R TA X A N A LY S T. S E R V I C E S U P P ORT A N A LY S T. S E R V I C E S C O O R D I N AT O R . S P E C I A LT Y L E A S I N G A G E N T. S P E C I A LT Y L E A S I N G A D M I N I S T R AT O R . S P E C I A LT Y L E A S I N G A G E N T. S P O N S O R S H I P & C E N T E R M A R K E T I N G A D M I N I S T RAT O R . S P O N S O R S H I P C O O R D I NAT O R . S P O N S O R S H I P S P E C I A L I S T.
S E N I O R A D M I N I S T R AT O R . S E N I O R B E N E F I T S S P E C I A L I ST. S E N I O R D I S B U R S E M E N T C O O R D I NAT O R . S E N I O R E M P L O Y E E R E L AT I O N S S P E C I A L I ST. S E N I O R FA C I L I T I E S D I R E C T O R . S E N I O R F I N A N C I A L A S S I S TA NT. S E N I O R I N F R A S T R U C T U R E E N G I N E E R . S E N I O R I N V E S T O R R E L AT I O N S A N A LY ST. S E N I O R L E A S I N G
M A N A G E R . S E N I O R L E A S I N G R E S E A R C H A N A LY S T. S E N I O R L E G A L A S S I S TA NT. S E N I O R L E A S I N G S E R V I C E S C O O R D I N AT O R . S E N I O R M A R K E T R E S E A R C H A N ALY S T. S E N I O R PAY R O L L C O O R D I N AT O R . S E N I O R P R O J E C T A N A LY ST. S E N I O R R E A L E S TAT E TA X A N A LY ST. S E N I O R R E S E A R C H A N A LY ST. S E N I O R
S P E C I A LT Y L E A S I N G A G E N T A S S I S TA N T. S E N I O R S P E C I A LT Y L E A S I N G A G E N T. S E N I O R S Y S T E M A N A LY ST. S E N I O R S Y S T E M A N ALY S T - E N T E R P R I S E D ATA M A N A G E M E N T. S E N I O R S Y S T E M A N A LY S T - J D E DWA R D S . S E N I O R S Y S T E M D E V E L O P E R - E N T E R P R I S E R E S O U R C E P L A N N I N G . S E N I O R S Y S T E M S D E V EL O P E R .
S E N I O R TA L E N T A C Q U I S I T I O N S P E C I A L I S T. S E N I O R T E N A N T C O O R D I NAT O R . S E N I O R , D E V E L O P M E N T M A N A G E R . S T R AT E G Y & R E S E A R C H A N A LY S T I . S VP, C A P ITA L M A R K E T S & T R E A S URY . S VP, C E N T E R O P E R AT I O N S . S VP, C H I E F S T R AT E G Y O F F I C E R . S VP, C O N T R O L L E R & C A O . S VP, D E V E L O P M E N T. S VP,
G E N E R A L C O U N S E L . S V P, L E A S I N G . S Y S T E M D E V E L O P E R . TA L E N T A C Q U I S I T I O N S P E C I A L I S T. TA X A N A LY ST. T E N A N T C O O R D I N AT O R . T E A M L E A D , C E N T E R M A R K E T I N G . T E A M L E A D , S TA F F I N T E G R AT I O N & T R A I N I N G C O O R D I N AT O R . T O TA L R E WA R D S A N A LY S T. U T I L I T I E S A N D E N G I N E E R I N G M A N A G E M E N T
A N A LY S T. V I C E C H A I R M A N , C F O . V P, A S S I S TA N T C O N T R O L L E R . V P, A S S I S TA N T G E N E R A L C O U N S E L . V P, C E N T R A L O P E R AT I O N S . V P, C O R P O R AT E A FFA I R S & I N V E S T O R R E L AT I O N S . V P, D E V E L O P M E N T. V P, E N G I N E E R I N G & C O N S T R U C T I O N . V P, F I N A N C I A L R E P O RT I N G . V P, H U M A N R E S O U R C E S . V P, L EA S E
C O M P L I A N C E . V P, L E A S I N G . V P, L E G A L C O U N S E L - A S I A . V P, P L A N N I N G & D E S I G N . V P, R E G I O N A L M A N A G E M E N T. V P, S E N I O R C O U N S E L . V P, S P O N S O R S H I P & C E N T E R M A R K E T I N G . V P, TA X . V P, T R E A S URY & F I N A N C I A L A N A LY S I S . A C C O U N T I N G S TA N D A R D S A N D C O M P L I A N C E S P E C I A L I S T. A D M I N I ST RAT I V E
S E C R E TA RY. A D M I N I S T R AT O R . A N A LY S T. A C C O U N T S U P E R V I S O R , PA RT N E R R E LAT I O N S & C E N T E R S P O N S O R S H IP. A S S I S TA N T. A S S I S TA N T A C C O U N TA N T. A S S I S TA N T A N A LY ST. A S S I S TA N T G E N E R A L M A N A G E R . A S S I S TA N T T O T H E C F O . A S S I S TA N T T O T H E C H A I R M A N . A S S I S TA N T T O T H E C O O . A S S I S TA NT
B I L L I N G C O O R D I NAT O R . A S S I S TA N T FA C I L I T I E S S U P E R I N T E N D E N T. A S S I S TA N T L E A S E A D M I N I S T R AT O R . A S S I S TA N T M A N A G E R , C O N T R A C T A D M I N I S T R AT I O N . A S S I S TA N T P R O J E C T C O N T R O L S P E C I A L I S T. B I L L I N G C O O R D I NAT O R . B U S I N E S S S Y S T E M S A N A LY ST. C A P ITA L I N V E S T M E N T A N A LY S T. C E N T E R &
S P E C I A LT Y L E A S I N G A S S I S TA N T. C E N T E R A S S I S TA NT. C H A I R M A N , P R E S I D E N T & C E O . C H I E F E N G I N E E R . C H I E F I N V E S T M E N T O F F I C E R . C H I E F O P E R AT I N G O F F I C E R . C H I E F T E C H N O L O G Y O F F I C E R . C L E R K . C O M P U T E R S U P P O RT A N A LY ST. C O O R D I NAT O R . C O R P O R AT E M A R K E T I N G S P E C I A L I S T. C R E D I T
A D M I N I S T R AT O R . D ATA B A S E A D M I N I S T R AT O R . D E V E L O P M E N T D I R E C T O R . D E V E L O P M E N T S P E C I A L I ST. D I G ITA L P U B L I C R E L AT I O N S S P E C I A L I S T. D I R E CT O R , C A P I TA L I N V E S T M E N T S & F I N A N C I A L P L A N N I N G . D I R E C T O R , C A P I TA L M A R K E T S . D I R E C T O R , C O R E M A N A G E M E N T. D I R E C T O R , C O R E P R O J E C T
M A N A G E M E N T. D I R E C T O R , C O R P O R AT E F I N A N C I A L S E R V I C E S . D I R E C T O R , C U S T O M E R I N F O R MAT I O N . D I R E C T O R , D E S I G N & D E V E L O P. D I R E C T O R , D E V E LO P M E N T. D I R E C T O R , D I G I TA L M A R K E T I N G . D I R E C T O R , E M P L O Y E E R E L AT I O N S . D I R E C T O R , E N G I N E E R I N G & C O N S T R U C T I O N . D I R E C T O R , E N T E R P R I S E
A P P L I C AT I O N S . D I R E C T O R , F I N A N C I A L A N A LY S I S . D I R E C T O R , F I N A N C I A L R E P O RT I N G . D I R E C T O R , I N F O R M AT I O N T E C H N O L O G Y. D I R E C T O R , I N T E R N A L A U D IT. D I R E C T O R , I T I N F R A S T R U C T U R E & O P E R AT I O N S . D I R E C T O R , L E A S E A D M I N I S T R AT I O N . D I R E C T O R , L E A S E C O M P L I A N C E . D I R E C T O R , PART N E R
M A R K E T I N G . D I R E C T O R , P L A N N I N G & D E S I G N . D I R E C T O R , P R E - C O N S T R U C T I O N S E R V I C E S . D I R E C T O R , P R O F E S S I O N A L D E V E L O P M E N T. D I R E C T O R , P R O G R A M M A N A G E M E N T. D I R E C T O R , PA RT N E R R E L AT I O N S & C E N T E R S P O N S O R S H IP. D I R E C T O R , R E A L E S TAT E TA X . D I R E C T O R , R E V E N U E P R O G R A M S . D I R E CT O R ,
R I S K M A N A G E M E NT. D I R E C T O R , S H O P P I N G C E N T E R F I N A N C I A L S E R V I C E S . D I R E C T O R , S T R AT E G Y & R E S E A R C H . D I R E C T O R , TA L E N T A C Q U I S I T I O N . D IR E C T O R , TA X C O M P L I A N C E . D I R E C T O R , TA X , R E I T & P L A N N I N G . D I R E C T O R , T E N A N T C O O R D I N AT I O N . D I R E C T O R , T OTA L R E WA R D S . D I R E C T O R , T R E A S URY .
D I R E C T O R , TA U B M A N S M A RT B U I L D I N G S O P E R AT I O N S . D I R E C T O R , U T I L I T I E S & E N E R G Y M A N A G E M E N T. D I R E C T O R , L E A S I N G . D I S B U R S E M E N T C O O R D I N AT O R . E X E C U T I V E A D M I N I S T R AT O R . E X E C U T I V E A S S I S TA NT. FA C I L I T I E S A D M I N I S T R AT I O N C O O R D I NAT O R . FA C I L I T I E S D I R E C T O R . FA C I L I T I E S M A I NT E N A N C E .
FA C I L I T I E S M A N A G E R . FA C I L I T I E S S U P E R I N T E N D E N T. F I N A N C I A L A S S I S TA N T. F I N A N C I A L C O N T R O L L E R . G E N E R A L M A I N T E N A N C E . G E N E R A L M A N A G E M E N T A S S I S TA NT. G E N E R A L M A N A G E R . G R O U P D I R E C T O R , T E N A N T C O O R D I NAT I O N . G R O U P V I C E P R E S I D E N T, L E A S I N G . H U M A N R E S O U R C E S I N F O R M AT I O N
T E C H N O L O G Y A N A LY S T. H U M A N R E S O U R C E S A S S O C IAT E . H U M A N R E S O U R C E S D I R E C T O R . H VA C T E C H N I C I A N . I M A G I N G C O O R D I N AT O R . I N F R A S T R U C T U R E E N G I N E E R . I N T E R N . I T S U P P O RT E N G I N E E R . L E A S E A D M I N I S T R AT O R . L E A S I N G A G E N T I . L E A S I N G A G E N T I I . L E A S I N G A G E N T I I I . L E A S I N G ATT O R NE Y.
L E A S I N G M A N A G E R . L E A S I N G S E R V I C E S A S S O C I AT E . L E A S I N G S E R V I C E S M A N A G E R . L E G A L A S S I S TA N T. L E A S I N G S E R V I C E S C O O R D I N AT O R . M A I N T E N A N C E T E C H N I C I A N . M A N A G E M E N T A S S I S TA NT. M A N A G E R , C O N S T R U C T I O N . M A N A G I N G AT T O R N E Y. M A N A G I N G D I R E C T O R O F C H I N A . M A R K E T I N G &
T O U R I S M C O O R D I N AT O R . M A R K E T I N G A S S I S TA N T. M A R K E T I N G C O N S ULT A N T. M A R K E T I N G C O O R D I N AT O R . M A R K E T I N G M A N A G E R . M A R K E T I N G S P E C I A L I S T. M A R K E T I N G S P O N S O R S H I P C O O R D I NAT O R . M A N A G E R , C E N T E R M A R K E T I N G . M A N A G E R , C E N T E R O P E R AT I O N S . M A N A G E R , C E N T R A L
O P E R AT I O N S . M A N A G E R , C O N S T R U C T I O N . M A N A G E R , E C O M M E R C E & M O B I L I T Y. M A N A G E R , E N G I N E E R I N G & C O N S T R U C T I O N . M A N A G E R , F I N A N C E . M A N A G E R , F I N A N C I A L A N A LY S I S . M A N A G E R , F I N A N C I A L R E P O RT I N G . M A N A G E R , F I N A N C I A L S E R V I C E S . M A N A G E R , H U M A N R E S O U R C E S I N F O R M AT I O N
T E C H N O L O G Y & C O M P E N S AT I O N . M A N A G E R , I N F R A S T R U C T U R E . M A N A G E R , I N T E R A C T I V E M A R K E T I N G . M A N A G E R , I N T E R N A L A U D I T. M A N A G E R , I T S E R V I C E & S U P P O RT. M A N A G E R , L E A S E A D M I N I S T R AT I O N . M A N A G E R , L E A S I N G S E R V I C E S . M A N A G E R , L E G A L C O N T R A C T S A D M I N I S T R AT I O N . M A N A G E R ,
M A L L M E D I A I M PA C T. M A N A G E R , N AT I O N A L S P E C I A LT Y L E A S I N G . M A N A G E R , O F F I C E S E R V I C E S . M A N A G E R , P L A N N I N G & D E S I G N . M A N A G E R , P R E - C O N S T R U C T I O N S E R V I C E S . M A N A G E R , P R O G R A M S . M A N A G E R , S H O P P I N G C E N T E R F I N A N C I A L S E R V I C E S . M A N A G E R , S P E C I A L P R O J E C T S . M A N A G E R ,
S Y S T E M S . M A N A G E R , S Y S T E M S D E V E L O P M E N T. M A N A G E R , TA X . M A N A G E R , T E N A N T C O O R D I N AT I O N A D M I N I S T R AT I O N . M A N A G E R , T E N A N T C O O R D I NAT I O N . M A R K E T I N G & S P O N S O R S H I P S P E C I A L I S T. M A R K E T I N G & S P O N S O R S H I P D I R E C T O R . M A R K E T I N G & T O U R I S M S P E C I A L I S T. N AT I O N A L
S P O N S O R S H I P L E A S I N G C O O R D I N AT I O N . O F F I C E M A N A G E R . O P E R AT I O N S A S S I S TA N T. O P E R AT I O N S C O O R D I NAT O R . O P E R AT I O N S D I R E C T O R . O W N E R ' S R E P R E S E N TAT I V E . PAY R O L L S U P E R V I S O R . P U B L I C R E L AT I O N S S P E C I A L I S T. P R E S I D E N T, TA U B M A N A S I A . P R O C U R E M E N T C O O R D I NAT O R . P R O J E C T
M A N A G E M E N T - E N T E R P R I S E . P R O J E C T A D M I N I S T R AT O R . P R O J E C T A N A LY S T I . P R O J E C T C O N T R O L S P E C I A L I S T. P R O J E C T M A N A G E R - B U S I N E S S R E L AT I O N S H I P M A N A G E R . R E A L E S TAT E A D M I N I S T R AT O R . R E A L E STAT E TA X A N A LY S T. R E C E P T I O N I S T. R E C O R D S C O O R D I NAT O R . R E C O R D S M A N A G E M E N T
C O O R D I N AT O R . R E G I O N A L D I R E C T O R , S P E C I A LT Y L E A S I N G . R E G I O N A L M A R K E T S P E C I A L I S T. R E TA I L D E S I G N M A N A G E R . S E N I O R A C C O U N TA N T. S E N I O R A N A LY S T. S E N I O R A S S I S TA NT. S E N I O R AT T O R N E Y. S E N I O R TA X A N A LY ST. S E R V I C E S U P P O RT A N A LY ST. S E R V I C E S C O O R D I N AT O R . S P E C I A LT Y L E A S I N G
A G E NT. S P E C I ALT Y L E A S I N G A D M I N I S T R AT O R . S P E C I ALT Y L E A S I N G A G E N T. S P O N S O R S H I P & C E N T E R M A R K E T I N G A D M I N I S T RAT O R . S P O N S O R S H I P C O O R D I NAT O R . S P O N S O R S H I P S P E C I A L I S T. S E N I O R A D M I N I S T R AT O R . S E N I O R B E N E F I T S S P E C I A L I S T. S E N I O R D I S B U R S E M E N T C O O R D I NAT O R . S E N I O R
E M P L O Y E E R E L AT I O N S S P E C I A L I S T. S E N I O R FA C I L I T I E S D I R E C T O R . S E N I O R F I N A N C I A L A S S I S TA N T. S E N I O R I N F R A S T R U C T U R E E N G I N E E R . S E N I O R I N V E S T O R R E L AT I O N S A N A LY S T. S E N I O R L E A S I N G M A N A G E R . S E N I O R L E A S I N G R E S E A R C H A N A LY S T. S E N I O R L E G A L A S S I S TA NT. S E N I O R L E A S I N G S E R V I C E S
C O O R D I N AT O R . S E N I O R M A R K E T R E S E A R C H A N A LY ST. S E N I O R PAY R O L L C O O R D I N AT O R . S E N I O R P R O J E C T A N A LY ST. S E N I O R R E A L E S TAT E TA X A N A LY S T. S E N I O R R E S E A R C H A N A LY ST. S E N I O R S P E C I ALT Y L E A S I N G A G E N T A S S I S TA NT. S E N I O R S P E C I ALT Y L E A S I N G A G E N T. S E N I O R S Y S T E M A N A LY ST. S E NI O R
S Y S T E M A N A LY S T - E N T E R P R I S E D ATA M A N A G E M E N T. S E N I O R S Y S T E M A N A LY S T - J D E D WA R D S . S E N I O R S Y S T E M D E V E L O P E R - E N T E R P R I S E R E S O U R C E P L A N N I N G . S E N I O R S Y S T E M S D E V E L O P E R . S E N I O R TA L E N T A C Q U I S I T I O N S P E C I A L I S T. S E N I O R T E N A N T C O O R D I NAT O R . S E N I O R , D E V E L O P M E N T M A N A G E R .
S T R AT E G Y & R E S E A R C H A N A LY S T I . S V P, C A P ITA L M A R K E T S & T R E A S URY . S VP, C E N T E R O P E R AT I O N S . S V P, C H I E F S T R AT E G Y O F F I C E R . S V P, C O N T R O L L E R & C A O . S VP, D E V E L O P M E N T. S VP, G E N E R A L C O U N S E L . S VP, L E A S I N G . S Y S T E M D E V E L O P E R . TA L E N T A C Q U I S I T I O N S P E C I A L I S T. TA X A N A LY ST. T E N A N T
C O O R D I N AT O R . T E A M L E A D , C E N T E R M A R K E T I N G . T E A M L E A D , S TA F F I N T E G R AT I O N & T R A I N I N G C O O R D I NAT O R . T O TA L R E WA R D S A N A LY ST. U T I L I T I ES A N D E N G I N E E R I N G M A N A G E M E N T A N A LY S T. V I C E C H A I R M A N , C F O . V P, A S S I S TA N T C O N T R O L L E R . V P, A S S I S TA N T G E N E R A L C O U N S E L . V P, C E N T R A L
O P E R AT I O N S . V P, C O R P O R AT E A FFA I R S & I N V E S T O R R E L AT I O N S . V P, D E V E L O P M E N T. V P, E N G I N E E R I N G & C O N S T R U C T I O N . V P, F I N A N C I A L R E P O RT IN G . V P, H U M A N R E S O U R C E S . V P, L E A S E C O M P L I A N C E . V P, L E A S I N G . V P, L E G A L C O U N S E L - A S I A . V P, P L A N N I N G & D E S I G N . V P, R E G I O N A L M A N A G E M E N T.
V P, S E N I O R C O U N S E L . V P, S P O N S O R S H I P & C E N T E R M A R K E T I N G . V P, TA X . V P, T R E A S U RY & F I N A N C I A L A N A LY S I S . A C C O U N T I N G S TA N D A R D S A N D C OM P L I A N C E S P E C I A L I S T. A D M I N I S T R AT I V E S E C R ETA RY. A D M I N I S T R AT O R . A N A LY S T. A C C O U N T S U P E R V I S O R , PA RT N E R R E LAT I O N S & C E N T E R S P O N S O R S H IP.
A S S I S TA N T. A S S I S TA N T A C C O U N TA N T. A S S I S TA N T A N A LY S T. A S S I S TA N T G E N E R A L M A N A G E R . A S S I S TA N T T O T H E C F O . A S S I S TA N T T O T H E C H A I R M A N . A S S I S TA N T T O T H E C O O . A S S I S TA N T B I L L I N G C O O R D I NAT O R . A S S I S TA N T FA C I L I T I E S S U P E R I N T E N D E N T. A S S I S TA N T L E A S E A D M I N I S T R AT O R . A S S I S TA N T
M A N A G E R , C O N T R A C T A D M I N I S T R AT I O N . A S S I S TA N T P R O J E C T C O N T R O L S P E C I A L I S T. B I L L I N G C O O R D I N AT O R . B U S I N E S S S Y S T E M S A N A LY ST. C A P I TA L I N V E S T M E N T A N A LY ST. C E N T E R & S P E C I ALT Y L E A S I N G A S S I S TA NT. C E N T E R A S S I S TA NT. C H A I R M A N , P R E S I D E N T & C E O . C H I E F E N G I N E E R . C H I E F
I N V E S T M E N T O F F I C E R . C H I E F O P E R AT I N G O F F I C E R . C H I E F T E C H N O L O G Y O F F I C E R . C L E R K . C O M P U T E R S U P P O RT A N A LY S T. C O O R D I N AT O R . C O R P O RAT E M A R K E T I N G S P E C I A L I S T. C R E D I T A D M I N I S T R AT O R . D ATA B A S E A D M I N I S T R AT O R . D E V E L O P M E N T D I R E C T O R . D E V E L O P M E N T S P E C I A L I S T. D I G I TA L P U B LI C
R E L AT I O N S S P E C I A L I S T. D I R E C T O R , C A P I TA L I N V E S T M E N T S & F I N A N C I A L P L A N N I N G . D I R E C T O R , C A P ITA L M A R K E T S . D I R E C T O R , C O R E M A N A G E M E N T. D I R E C T O R , C O R E P R O J E C T M A N A G E M E N T. D I R E C T O R , C O R P O R AT E F I N A N C I A L S E R V I C E S . D I R E C T O R , C U S T O M E R I N F O R M AT I O N . D I R E C T O R , D E S I G N &
D E V E L O P. D I R E C T O R , D E V E L O P M E N T. D I R E C T O R , D I G I TA L M A R K E T I N G . D I R E C T O R , E M P L O Y E E R E L AT I O N S . D I R E C T O R , E N G I N E E R I N G & C O N S T R U C T I O N . D I R E C T O R , E N T E R P R I S E A P P L I C AT I O N S . D I R E C T O R , F I N A N C I A L A N A LY S I S . D I R E C T O R , F I N A N C I A L R E P O RT I N G . D I R E C T O R , I N F O R M AT I O N T E C H N O L O GY.
D I R E C T O R , I N T E R N A L A U D IT. D I R E C T O R , I T I N F R A S T R U C T U R E & O P E R AT I O N S . D I R E C T O R , L E A S E A D M I N I S T R AT I O N . D I R E C T O R , L E A S E C O M P L I A N C E. D I R E C T O R , PA RT N E R M A R K E T I N G . D I R E C T O R , P L A N N I N G & D E S I G N . D I R E C T O R , P R E - C O N S T R U C T I O N S E R V I C E S . D I R E C T O R , P R O F E S S I O N A L D E V E L O P ME NT.
D I R E C T O R , P R O G R A M M A N A G E M E N T. D I R E C T O R , PA RT N E R R E L AT I O N S & C E N T E R S P O N S O R S H I P. D I R E C T O R , R E A L E S TAT E TA X . D I R E C T O R , R E V E N U E P R O G R A M S . D I R E C T O R , R I S K M A N A G E M E N T. D I R E C T O R , S H O P P I N G C E N T E R F I N A N C I A L S E R V I C E S . D I R E C T O R , S T R AT E G Y & R E S E A R C H . D I R E C T O R , TA L E N T
A C Q U I S I T I O N . D I R E C T O R , TA X C O M P L I A N C E . D I R E C T O R , TA X , R E I T & P L A N N I N G . D I R E C T O R , T E N A N T C O O R D I N AT I O N . D I R E C T O R , T OTA L R E WA R D S . D I R E C T O R , T R E A S URY . D I R E C T O R , TA U B M A N S M ART B U I L D I N G S O P E R AT I O N S . D I R E C T O R , U T I L I T I E S & E N E R G Y M A N A G E M E N T. D I R E C T O R , L E A S I N G .
D I S B U R S E M E N T C O O R D I N AT O R . E X E C U T I V E A D M I N I S T R AT O R . E X E C U T I V E A S S I S TA N T. FA C I L I T I E S A D M I N I S T R AT I O N C O O R D I N AT O R . FA C I L I T I E S D I R E C T O R . FA C I L I T I E S M A I N T E N A N C E . FA C I L I T I E S M A N A G E R . FA C I L I T I E S S U P E R I N T E N D E NT. F I N A N C I A L A S S I S TA NT. F I N A N C I A L C O N T R O L L E R . G E N E R A L
M A I N T E N A N C E . G E N E R A L M A N A G E M E N T A S S I S TA NT. G E N E R A L M A N A G E R . G R O U P D I R E C T O R , T E N A N T C O O R D I NAT I O N . G R O U P V I C E P R E S I D E NT, L E A S I N G . H U M A N R E S O U R C E S I N F O R M AT I O N T E C H N O L O G Y A N A LY ST. H U M A N R E S O U R C E S A S S O C I AT E . H U M A N R E S O U R C E S D I R E C T O R . H VA C T E C H N I C I A N .
I M A G I N G C O O R D I NAT O R . I N F R A S T R U C T U R E E N G I N E E R . I N T E R N . I T S U P P O RT E N G I N E E R . L E A S E A D M I N I S T R AT O R . L E A S I N G A G E N T I . L E A S I N G A G E N T I I . L E A S I N G A G E N T I I I . L E A S I N G AT T O R N E Y. L E A S I N G M A N A G E R . L E A S I N G S E R V I C E S A S S O C I AT E . L E A S I N G S E R V I C E S M A N A G E R . L E G A L A S S I S TA NT.
L E A S I N G S E R V I C E S C O O R D I N AT O R . M A I N T E N A N C E T E C H N I C I A N . M A N A G E M E N T A S S I S TA N T. M A N A G E R , C O N S T R U C T I O N . M A N A G I N G AT T O R N E Y. M A N A G I N G D I R E C T O R O F C H I N A . M A R K E T I N G & T O U R I S M C O O R D I NAT O R . M A R K E T I N G A S S I S TA NT. M A R K E T I N G C O N S ULT A NT. M A R K E T I N G C O O R D I NAT O R .
M A R K E T I N G M A N A G E R . M A R K E T I N G S P E C I A L I ST. M A R K E T I N G S P O N S O R S H I P C O O R D I N AT O R . M A N A G E R , C E N T E R M A R K E T I N G . M A N A G E R , C E N T E R O P E RAT I O N S . M A N A G E R , C E N T R A L O P E R AT I O N S . M A N A G E R , C O N S T R U C T I O N . M A N A G E R , E C O M M E R C E & M O B I L I TY. M A N A G E R , E N G I N E E R I N G &
C O N S T R U C T I O N . M A N A G E R , F I N A N C E . M A N A G E R , F I N A N C I A L A N A LY S I S . M A N A G E R , F I N A N C I A L R E P O RT I N G . M A N A G E R , F I N A N C I A L S E R V I C E S . M A N A G ER , H U M A N R E S O U R C E S I N F O R M AT I O N T E C H N O L O G Y & C O M P E N S AT I O N . M A N A G E R , I N F R A S T R U C T U R E . M A N A G E R , I N T E R A C T I V E M A R K E T I N G .
M A N A G E R , I N T E R N A L A U D IT. M A N A G E R , I T S E R V I C E & S U P P O RT. M A N A G E R , L E A S E A D M I N I S T R AT I O N . M A N A G E R , L E A S I N G S E R V I C E S . M A N A G E R , L E G A L C O N T R A C T S A D M I N I S T R AT I O N . M A N A G E R , M A L L M E D I A I MPA C T. M A N A G E R , N AT I O N A L S P E C I ALT Y L E A S I N G . M A N A G E R , O F F I C E S E R V I C E S . M A N A G E R ,
P L A N N I N G & D E S I G N . M A N A G E R , P R E - C O N S T R U C T I O N S E R V I C E S . M A N A G E R , P R O G R A M S . M A N A G E R , S H O P P I N G C E N T E R F I N A N C I A L S E R V I C E S . M A N A G E R , S P E C I A L P R O J E C T S . M A N A G E R , S Y S T E M S . M A N A G E R , S Y S T E M S D E V E L O P M E N T. M A N A G E R , TA X . M A N A G E R , T E N A N T C O O R D I NAT I O N A D M I N I S T R A-
T I O N . M A N A G E R , T E N A N T C O O R D I N AT I O N . M A R K E T I N G & S P O N S O R S H I P S P E C I A L I S T. M A R K E T I N G & S P O N S O R S H I P D I R E C T O R . M A R K E T I N G & T O U R I S M S PE C I A L I S T. N AT I O N A L S P O N S O R S H I P L E A S I N G C O O R D I NAT I O N . O F F I C E M A N A G E R . O P E R AT I O N S A S S I S TA NT. O P E R AT I O N S C O O R D I N AT O R .
O P E R AT I O N S D I R E C T O R . O W N E R ' S R E P R E S E N TAT I V E . PAY R O L L S U P E R V I S O R . P U B L I C R E L AT I O N S S P E C I A L I S T. P R E S I D E N T, TA U B M A N A S I A . P R O C U R E M E N T C O O R D I N AT O R . P R O J E C T M A N A G E M E N T - E N T E R P R I S E . P R O J E C T A D M I N I S T R AT O R . P R O J E C T A N A LY S T I . P R O J E C T C O N T R O L S P E C I A L I S T. P R O J E C T
M A N A G E R - B U S I N E S S R E LAT I O N S H I P M A N A G E R . R E A L E STAT E A D M I N I S T RAT O R . R E A L E S TAT E TA X A N A LY ST. R E C E P T I O N I S T. R E C O R D S C O O R D I N AT O R . R E C O R D S M A N A G E M E N T C O O R D I N AT O R . R E G I O N A L D I R E C T O R , S P E C I A LT Y L E A S I N G . R E G I O N A L M A R K E T S P E C I A L I S T. R E TA I L D E S I G N M A N A G E R . S E N IO R
A C C O U N TA N T. S E N I O R A N A LY ST. S E N I O R A S S I S TA N T. S E N I O R AT T O R N E Y. S E N I O R TA X A N ALY S T. S E R V I C E S U P P O RT A N A LY S T. S E R V I C E S C O O R D I NAT O R . S P E C I ALT Y L E A S I N G A G E N T. S P E C I ALT Y L E A S I N G A D M I N I S T R AT O R . S P E C I ALT Y L E A S I N G A G E N T. S P O N S O R S H I P & C E N T E R M A R K E T I N G A D M I N I S T R AT O R .
S P O N S O R S H I P C O O R D I N AT O R . S P O N S O R S H I P S P E C I A L I S T. S E N I O R A D M I N I S T R AT O R . S E N I O R B E N E F I T S S P E C I A L I ST. S E N I O R D I S B U R S E M E N T C O O R D I NA T O R . S E N I O R E M P L O Y E E R E LAT I O N S S P E C I A L I S T. S E N I O R FA C I L I T I E S D I R E C T O R . S E N I O R F I N A N C I A L A S S I S TA NT. S E N I O R I N F R A S T R U C T U R E E N G I NE E R .
S E N I O R I N V E S T O R R E L AT I O N S A N A LY S T. S E N I O R L E A S I N G M A N A G E R . S E N I O R L E A S I N G R E S E A R C H A N A LY ST. S E N I O R L E G A L A S S I S TA NT. S E N I O R L E A S I N G S E R V I C E S C O O R D I N AT O R . S E N I O R M A R K E T R E S E A R C H A N A LY ST. S E N I O R PAY R O L L C O O R D I NAT O R . S E N I O R P R O J E C T A N A LY S T. S E N I O R R E A L E STAT E
TA X A N A LY ST. S E N I O R R E S E A R C H A N A LY S T. S E N I O R S P E C I A LT Y L E A S I N G A G E N T A S S I S TA NT. S E N I O R S P E C I A LT Y L E A S I N G A G E NT. S E N I O R S Y S T E M A N A LY ST. S E N I O R S Y S T E M A N A LY S T - E N T E R P R I S E D ATA M A N A G E M E N T. S E N I O R S Y S T E M A N A LY S T - J D E DWA R D S . S E N I O R S Y S T E M D E V E L O P E R - E N T E RP R I S E
R E S O U R C E P L A N N I N G . S E N I O R S Y S T E M S D E V E L O P E R . S E N I O R TA L E N T A C Q U I S I T I O N S P E C I A L I S T. S E N I O R T E N A N T C O O R D I N AT O R . S E N I O R , D E V E L O P M E N T M A N A G E R . S T R AT E G Y & R E S E A R C H A N A LY S T I . S VP, C A P ITA L M A R K E T S & T R E A S URY . S VP, C E N T E R O P E R AT I O N S . S VP, C H I E F S T R AT E G Y O F F I C E R . S VP,
C O N T R O L L E R & C A O . S V P, D E V E L O P M E N T. S V P, G E N E R A L C O U N S E L . S V P, L E A S I N G . S Y S T E M D E V E L O P E R . TA L E N T A C Q U I S I T I O N S P E C I A L I S T. TA X A N A LY ST. T E N A N T C O O R D I N AT O R . T E A M L E A D , C E N T E R M A R K E T I N G . T E A M L E A D , S TA F F I N T E G R AT I O N & T R A I N I N G C O O R D I N AT O R . T OTA L R E WA R D S A N A LY ST.
U T I L I T I E S A N D E N G I N E E R I N G M A N A G E M E N T A N A LY S T. V I C E C H A I R M A N , C F O . V P, A S S I S TA N T C O N T R O L L E R . V P, A S S I S TA N T G E N E R A L C O U N S E L . V P, C E N T R A L O P E R AT I O N S . V P, C O R P O R AT E A FFA I R S & I N V E S T O R R E L AT I O N S . V P, D E V E L O P M E N T. V P, E N G I N E E R I N G & C O N S T R U C T I O N . V P, F I N A N C I A L
R E P ORT I N G . V P, H U M A N R E S O U R C E S . V P, L E A S E C O M P L I A N C E . V P, L E A S I N G . V P, L E G A L C O U N S E L - A S I A . V P, P L A N N I N G & D E S I G N . V P, R E G I O NA L M A N A G E M E N T. V P, S E N I O R C O U N S E L . V P, S P O N S O R S H I P & C E N T E R M A R K E T I N G . V P, TA X . V P, T R E A S URY & F I N A N C I A L A N A LY S I S . A C C O U N T I N G S TA N D A R D S
A N D C O M P L I A N C E S P E C I A L I S T. A D M I N I S T R AT I V E S E C R ETA RY. A D M I N I S T R AT O R . A N A LY S T. A C C O U N T S U P E R V I S O R , PA RT N E R R E L AT I O N S & C E N T E R S P O N S O R S H IP. A S S I S TA NT. A S S I S TA N T A C C O U NTA N T. A S S I S TA N T A N A LY ST. A S S I S TA N T G E N E R A L M A N A G E R . A S S I S TA N T T O T H E C F O . A S S I S TA N T T O T H E
C H A I R M A N . A S S I S TA N T T O T H E C O O . A S S I S TA N T B I L L I N G C O O R D I N AT O R . A S S I S TA N T FA C I L I T I E S S U P E R I N T E N D E NT. A S S I S TA N T L E A S E A D M I N I S T R AT O R . A S S I S TA N T M A N A G E R , C O N T R A C T A D M I N I S T RAT I O N . A S S I S TA N T P R O J E C T C O N T R O L S P E C I A L I S T. B I L L I N G C O O R D I NAT O R . B U S I N E S S S Y S T E M S A NA LY S T.
C A P I TA L I N V E S T M E N T A N A LY ST. C E N T E R & S P E C I A LT Y L E A S I N G A S S I S TA NT. C E N T E R A S S I S TA NT. C H A I R M A N , P R E S I D E N T & C E O . C H I E F E N G I N E E R . C H I E F I N V E S T M E N T O F F I C E R . C H I E F O P E R AT I N G O F F I C E R . C H I E F T E C H N O L O G Y O F F I C E R . C L E R K . C O M P U T E R S U P P O RT A N A LY S T. C O O R D I N AT O R . C O R P O R AT E
M A R K E T I N G S P E C I A L I S T. C R E D I T A D M I N I S T R AT O R . D ATA B A S E A D M I N I S T R AT O R . D E V E L O P M E N T D I R E C T O R . D E V E L O P M E N T S P E C I A L I ST. D I G ITA L P U B LI C R E L AT I O N S S P E C I A L I S T. D I R E C T O R , C A P ITA L I N V E S T M E N T S & F I N A N C I A L P L A N N I N G . D I R E C T O R , C A P ITA L M A R K E T S . D I R E C T O R , C O R E M A N A G E M E NT.
D I R E C T O R , C O R E P R O J E C T M A N A G E M E N T. D I R E C T O R , C O R P O R AT E F I N A N C I A L S E R V I C E S . D I R E C T O R , C U S T O M E R I N F O R M AT I O N . D I R E C T O R , D E S I G N & D E V E L O P. D I R E C T O R , D E V E L O P M E N T. D I R E C T O R , D I G I TA L M A R K E T I N G . D I R E C T O R , E M P L O Y E E R E L AT I O N S . D I R E C T O R , E N G I N E E R I N G & C O N S T R U C T I O N .
D I R E C T O R , E N T E R P R I S E A P P L I CAT I O N S . D I R E C T O R , F I N A N C I A L A N A LY S I S . D I R E C T O R , F I N A N C I A L R E P O RT I N G . D I R E C T O R , I N F O R M AT I O N T E C H N O L O GY. D I R E C T O R , I N T E R N A L A U D I T. D I R E C T O R , I T I N F R A S T R U C T U R E & O P E R AT I O N S . D I R E C T O R , L E A S E A D M I N I S T RAT I O N . D I R E C T O R , L E A S E C O M P L I A N C E .
D I R E C T O R , PA RT N E R M A R K E T I N G . D I R E C T O R , P L A N N I N G & D E S I G N . D I R E C T O R , P R E - C O N S T R U C T I O N S E R V I C E S . D I R E C T O R , P R O F E S S I O N A L D E V E L O P M E N T. D I R E C T O R , P R O G R A M M A N A G E M E NT. D I R E C T O R , PA RT N E R R E L AT I O N S & C E N T E R S P O N S O R S H IP. D I R E C T O R , R E A L E STAT E TA X . D I R E C T O R , R E V E N U E
P R O G R A M S . D I R E C T O R , R I S K M A N A G E M E NT. D I R E C T O R , S H O P P I N G C E N T E R F I N A N C I A L S E R V I C E S . D I R E C T O R , S T RAT E G Y & R E S E A R C H . D I R E C T O R , TA L E N T A C Q U I S I T I O N . D I R E C T O R , TA X C O M P L I A N C E . D I R E C T O R , TA X , R E I T & P L A N N I N G . D I R E C T O R , T E N A N T C O O R D I NAT I O N . D I R E C T O R , T OTA L R E WA R D S .
D I R E C T O R , T R E A S URY . D I R E C T O R , TA U B M A N S M A RT B U I L D I N G S O P E R AT I O N S . D I R E C T O R , U T I L I T I E S & E N E R G Y M A N A G E M E NT. D I R E C T O R , L E A S I N G . D I S B U R S E M E N T C O O R D I N AT O R . E X E C U T I V E A D M I N I S T R AT O R . E X E C U T I V E A S S I S TA NT. FA C I L I T I E S A D M I N I S T RAT I O N C O O R D I N AT O R . FA C I L I T I E S D I R E C T O R .
FA C I L I T I E S M A I N T E N A N C E . FA C I L I T I E S M A N A G E R . FA C I L I T I E S S U P E R I N T E N D E N T. F I N A N C I A L A S S I S TA NT. F I N A N C I A L C O N T R O L L E R . G E N E R A L M A I N T E N A N C E . G E N E R A L M A N A G E M E N T A S S I S TA NT. G E N E R A L M A N A G E R . G R O U P D I R E C T O R , T E N A N T C O O R D I NAT I O N . G R O U P V I C E P R E S I D E N T, L E A S I N G . H U M A N
R E S O U R C E S I N F O R M AT I O N T E C H N O L O G Y A N A LY S T. H U M A N R E S O U R C E S A S S O C IAT E . H U M A N R E S O U R C E S D I R E C T O R . H VA C T E C H N I C I A N . I M A G I N G C O O R D I NA T O R . I N F R A S T R U C T U R E E N G I N E E R . I N T E R N . I T S U P P O RT E N G I N E E R . L E A S E A D M I N I S T RAT O R . L E A S I N G A G E N T I . L E A S I N G A G E N T I I . L E A S I N G
A G E N T I I I . L E A S I N G AT T O R N E Y. L E A S I N G M A N A G E R . L E A S I N G S E R V I C E S A S S O C IAT E . L E A S I N G S E R V I C E S M A N A G E R . L E G A L A S S I S TA N T. L E A S I N G S ER V I C E S C O O R D I N AT O R . M A I N T E N A N C E T E C H N I C I A N . M A N A G E M E N T A S S I S TA NT. M A N A G E R , C O N S T R U C T I O N . M A N A G I N G AT T O R N E Y. M A N A G I N G
D I R E C T O R O F C H I N A . M A R K E T I N G & T O U R I S M C O O R D I NAT O R . M A R K E T I N G A S S I S TA N T. M A R K E T I N G C O N S ULT A N T. M A R K E T I N G C O O R D I NAT O R . M A R K E T I N G M A N A G E R . M A R K E T I N G S P E C I A L I S T. M A R K E T I N G S P O N S O R S H I P C O O R D I N AT O R . M A N A G E R , C E N T E R M A R K E T I N G . M A N A G E R , C E N T E R
O P E R AT I O N S . M A N A G E R , C E N T R A L O P E R AT I O N S . M A N A G E R , C O N S T R U C T I O N . M A N A G E R , E C O M M E R C E & M O B I L I T Y. M A N A G E R , E N G I N E E R I N G & C O N S T R U C TI O N . M A N A G E R , F I N A N C E . M A N A G E R , F I N A N C I A L A N A LY S I S . M A N A G E R , F I N A N C I A L R E P O RT I N G . M A N A G E R , F I N A N C I A L S E R V I C E S . M A N A G E R ,
H U M A N R E S O U R C E S I N F O R M AT I O N T E C H N O L O G Y & C O M P E N S AT I O N . M A N A G E R , I N F R A S T R U C T U R E . M A N A G E R , I N T E R A C T I V E M A R K E T I N G . M A N A G E R , I N T E R N A L A U D IT. M A N A G E R , I T S E R V I C E & S U P P O RT. M A N A G E R , L E A S E A D M I N I S T RAT I O N . M A N A G E R , L E A S I N G S E R V I C E S . M A N A G E R , L E G A L
C O N T R A C T S A D M I N I S T R AT I O N . M A N A G E R , M A L L M E D I A I MPA C T. M A N A G E R , N AT I O N A L S P E C I ALT Y L E A S I N G . M A N A G E R , O F F I C E S E R V I C E S . M A N A G E R , P L A N N I N G & D E S I G N . M A N A G E R , P R E - C O N S T R U C T I O N S E R V I C E S . M A N A G E R , P R O G R A M S . M A N A G E R , S H O P P I N G C E N T E R F I N A N C I A L S E R V I C E S .
M A N A G E R , S P E C I A L P R O J E C T S . M A N A G E R , S Y S T E M S . M A N A G E R , S Y S T E M S D E V E L O P M E N T. M A N A G E R , TA X . M A N A G E R , T E N A N T C O O R D I N AT I O N A D M I N I S T R AT I O N . M A N A G E R , T E N A N T C O O R D I N AT I O N . M A R K E T I N G & S P O N S O R S H I P S P E C I A L I S T. M A R K E T I N G & S P O N S O R S H I P D I R E C T O R . M A R K E T I N G &
T O U R I S M S P E C I A L I S T. N AT I O N A L S P O N S O R S H I P L E A S I N G C O O R D I N AT I O N . O F F I C E M A N A G E R . O P E R AT I O N S A S S I S TA NT. O P E R AT I O N S C O O R D I N AT O R . O PE R AT I O N S D I R E C T O R . O W N E R ' S R E P R E S E N TAT I V E . PAY R O L L S U P E R V I S O R . P U B L I C R E L AT I O N S S P E C I A L I S T. P R E S I D E N T, TA U B M A N A S I A . P R O C U R E M E N T
C O O R D I N AT O R . P R O J E C T M A N A G E M E N T - E N T E R P R I S E . P R O J E C T A D M I N I S T R AT O R . P R O J E C T A N A LY S T I . P R O J E C T C O N T R O L S P E C I A L I S T. P R O J E C T M A N A G E R - B U S I N E S S R E L AT I O N S H I P M A N A G E R . R E A L E S TAT E A D M I N I S T RAT O R . R E A L E STAT E TA X A N A LY S T. R E C E P T I O N I S T. R E C O R D S C O O R D I NAT O R .
R E C O R D S M A N A G E M E N T C O O R D I N AT O R . R E G I O N A L D I R E C T O R , S P E C I A LT Y L E A S I N G . R E G I O N A L M A R K E T S P E C I A L I S T. R E TA I L D E S I G N M A N A G E R . S E N I O R A C C O U NTA N T. S E N I O R A N A LY S T. S E N I O R A S S I S TA NT. S E N I O R AT T O R N E Y. S E N I O R TA X A N A LY ST. S E R V I C E S U P P O RT A N A LY S T. S E R V I C E S C O O R D I N A-
T O R . S P E C I A LT Y L E A S I N G A G E N T. S P E C I ALT Y L E A S I N G A D M I N I S T R AT O R . S P E C I A LT Y L E A S I N G A G E NT. S P O N S O R S H I P & C E N T E R M A R K E T I N G A D M I N I S T RAT O R . S P O N S O R S H I P C O O R D I N AT O R . S P O N S O R S H I P S P E C I A L I S T. S E N I O R A D M I N I S T R AT O R . S E N I O R B E N E F I T S S P E C I A L I S T. S E N I O R D I S B U R S E M E N T
C O O R D I N AT O R . S E N I O R E M P L O Y E E R E L AT I O N S S P E C I A L I S T. S E N I O R FA C I L I T I E S D I R E C T O R . S E N I O R F I N A N C I A L A S S I S TA NT. S E N I O R I N F R A S T R U C T U R E E N G I N E E R . S E N I O R I N V E S T O R R E L AT I O N S A N A LY S T. S E N I O R L E A S I N G M A N A G E R . S E N I O R L E A S I N G R E S E A R C H A N A LY S T. S E N I O R L E G A L A S S I S TA NT. S E N I O R
L E A S I N G S E R V I C E S C O O R D I N AT O R . S E N I O R M A R K E T R E S E A R C H A N A LY ST. S E N I O R PAY R O L L C O O R D I N AT O R . S E N I O R P R O J E C T A N A LY ST. S E N I O R R E A L E S TAT E TA X A N A LY ST. S E N I O R R E S E A R C H A N A LY ST. S E N I O R S P E C I A LT Y L E A S I N G A G E N T A S S I S TA NT. S E N I O R S P E C I ALT Y L E A S I N G A G E N T. S E N I O R S Y S T E M
A N A LY S T. S E N I O R S Y S T E M A N A LY S T - E N T E R P R I S E D ATA M A N A G E M E N T. S E N I O R S Y S T E M A N A LY S T - J D E D WA R D S . S E N I O R S Y S T E M D E V E L O P E R - E N T E R P R I S E R E S O U R C E P L A N N I N G . S E N I O R S Y S T E M S D E V E L O P E R . S E N I O R TA L E N T A C Q U I S I T I O N S P E C I A L I S T. S E N I O R T E N A N T C O O R D I NAT O R . S E N I O R ,
D E V E L O P M E N T M A N A G E R . S T R AT E G Y & R E S E A R C H A N A LY S T I . S V P, C A P ITA L M A R K E T S & T R E A S U RY. S VP, C E N T E R O P E R AT I O N S . S VP, C H I E F S T R AT E G Y O F F I C E R . S VP, C O N T R O L L E R & C A O . S VP, D E V E L O P M E NT. S VP, G E N E R A L C O U N S E L . S VP, L E A S I N G . S Y S T E M D E V E L O P E R . TA L E N T A C Q U I S I T I O N S P E C I A L I S T.
Our commitment to increasing asset value is
advanced day by day through the insights
and actions of hundreds of professionals in the
U.S. and Asia working in such critical areas
as leasing, center management, development,
engineering, human resources, finance,
information technology, marketing, architecture,
planning and design. Their daily attention to
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PAGE 3
A C C O U N T I N G S TA N D A R D S A N D C O M P L I A N C E S P E C I A L I S T. A D M I N I S T R AT I V E S E C R E TA RY. A D M I N I S T R AT O R . A N A LY S T. A C C O U N T S U P E R V I S O R , PA RT N E R R E L AT I O N S & C E N T E R S P O N S O R S H I P. A S S I S TA NT. AS S I S TA N T A C C O U NTA N T. A S S I S TA N T A N A LY S T. A S S I S TA N T G E N E R A L M A N A G E R . A S S I S TA N T T O T H E
C F O . A S S I S TA N T T O T H E C H A I R M A N . A S S I S TA N T T O T H E C O O . A S S I S TA N T B I L L I N G C O O R D I N AT O R . A S S I S TA N T FA C I L I T I E S S U P E R I N T E N D E N T. A S S I STA N T L E A S E A D M I N I S T R AT O R . A S S I S TA N T M A N A G E R , C O N T R A C T A D M I N I S T R AT I O N . A S S I S TA N T P R O J E C T C O N T R O L S P E C I A L I S T. B I L L I N G C O O R D I NAT O R .
B U S I N E S S S Y S T E M S A N A LY S T. C A P ITA L I N V E S T M E N T A N A LY S T. C E N T E R & S P E C I A LT Y L E A S I N G A S S I S TA N T. C E N T E R A S S I S TA NT. C H A I R M A N , P R E S I D E N T & C E O . C H I E F E N G I N E E R . C H I E F I N V E S T M E N T O F F I C E R . C H I E F O P E R AT I N G O F F I C E R . C H I E F T E C H N O L O G Y O F F I C E R . C L E R K . C O M P U T E R S U P P ORT A N A LY ST.
C O O R D I N AT O R . C O R P O R AT E M A R K E T I N G S P E C I A L I S T. C R E D I T A D M I N I S T R AT O R . D ATA B A S E A D M I N I S T R AT O R . D E V E L O P M E N T D I R E C T O R . D E V E L O P M E N T S P E C I A L I S T. D I G I TA L P U B L I C R E L AT I O N S S P E C I A L I S T. D I R E C T O R , C A P ITA L I N V E S T M E N T S & F I N A N C I A L P L A N N I N G . D I R E C T O R , C A P ITA L M A R K E T S . D I R E C T O R ,
C O R E M A N A G E M E N T. D I R E C T O R , C O R E P R O J E C T M A N A G E M E N T. D I R E C T O R , C O R P O R AT E F I N A N C I A L S E R V I C E S . D I R E C T O R , C U S T O M E R I N F O R M AT I O N . D IR E C T O R , D E S I G N & D E V E L OP. D I R E C T O R , D E V E L O P M E N T. D I R E C T O R , D I G I TA L M A R K E T I N G . D I R E C T O R , E M P L O Y E E R E L AT I O N S . D I R E C T O R , E N G I N E E R I N G
& C O N S T R U C T I O N . D I R E C T O R , E N T E R P R I S E A P P L I CAT I O N S . D I R E C T O R , F I N A N C I A L A N A LY S I S . D I R E C T O R , F I N A N C I A L R E P O RT I N G . D I R E C T O R , I N F O R M AT I O N T E C H N O L O GY. D I R E C T O R , I N T E R N A L A U D IT. D I R E C T O R , I T I N F R A S T R U C T U R E & O P E R AT I O N S . D I R E C T O R , L E A S E A D M I N I S T RAT I O N . D I R E C T OR , L E A S E
C O M P L I A N C E . D I R E C T O R , PA RT N E R M A R K E T I N G . D I R E C T O R , P L A N N I N G & D E S I G N . D I R E C T O R , P R E - C O N S T R U C T I O N S E R V I C E S . D I R E C T O R , P R O F E S S I O N A L D E V E L O P M E NT. D I R E C T O R , P R O G R A M M A N A G E M E N T. D I R E C T O R , PA RT N E R R E L AT I O N S & C E N T E R S P O N S O R S H IP. D I R E C T O R , R E A L E S TAT E TA X .
D I R E C T O R , R E V E N U E P R O G R A M S . D I R E C T O R , R I S K M A N A G E M E N T. D I R E C T O R , S H O P P I N G C E N T E R F I N A N C I A L S E R V I C E S . D I R E C T O R , S T R AT E G Y & R E S E A R C H . D I R E C T O R , TA L E N T A C Q U I S I T I O N . D I R E C T O R , TA X C O M P L I A N C E . D I R E C T O R , TA X , R E I T & P L A N N I N G . D I R E C T O R , T E N A N T C O O R D I NAT I O N . D I R E C T O R ,
T O TA L R E WA R D S . D I R E C T O R , T R E A S URY . D I R E C T O R , TA U B M A N S M A RT B U I L D I N G S O P E R AT I O N S . D I R E C T O R , U T I L I T I E S & E N E R G Y M A N A G E M E N T. D I R E C T O R , L E A S I N G . D I S B U R S E M E N T C O O R D I NAT O R . E X E C U T I V E A D M I N I S T R AT O R . E X E C U T I V E A S S I S TA NT. FA C I L I T I E S A D M I N I S T RAT I O N C O O R D I NAT O R .
FA C I L I T I E S D I R E C T O R . FA C I L I T I E S M A I N T E N A N C E . FA C I L I T I E S M A N A G E R . FA C I L I T I E S S U P E R I N T E N D E NT. F I N A N C I A L A S S I S TA NT. F I N A N C I A L C O N T R O L L E R . G E N E R A L M A I N T E N A N C E . G E N E R A L M A N A G E M E N T A S S I S TA NT. G E N E R A L M A N A G E R . G R O U P D I R E C T O R , T E N A N T C O O R D I NAT I O N . G R O U P V I C E
P R E S I D E N T, L E A S I N G . H U M A N R E S O U R C E S I N F O R M AT I O N T E C H N O L O G Y A N A LY ST. H U M A N R E S O U R C E S A S S O C IAT E . H U M A N R E S O U R C E S D I R E C T O R . H VA C T E C H N I C I A N . I M A G I N G C O O R D I NAT O R . I N F R A S T R U C T U R E E N G I N E E R . I N T E R N . I T S U P P O RT E N G I N E E R . L E A S E A D M I N I S T R AT O R . L E A S I N G A G E N T I .
L E A S I N G A G E N T I I . L E A S I N G A G E N T I I I . L E A S I N G AT T O R N E Y. L E A S I N G M A N A G E R . L E A S I N G S E R V I C E S A S S O C IAT E . L E A S I N G S E R V I C E S M A N A G E R . L E G A L A S S I S TA NT. L E A S I N G S E R V I C E S C O O R D I N AT O R . M A I N T E N A N C E T E C H N I C I A N . M A N A G E M E N T A S S I S TA NT. M A N A G E R , C O N S T R U C T I O N . M A N A G I N G
AT T O R N E Y. M A N A G I N G D I R E C T O R O F C H I N A . M A R K E T I N G & T O U R I S M C O O R D I N AT O R . M A R K E T I N G A S S I S TA NT. M A R K E T I N G C O N S ULT A NT. M A R K E T I N G C O O R D I N AT O R . M A R K E T I N G M A N A G E R . M A R K E T I N G S P E C I A L I S T. M A R K E T I N G S P O N S O R S H I P C O O R D I NAT O R . M A N A G E R , C E N T E R M A R K E T I N G .
M A N A G E R , C E N T E R O P E R AT I O N S . M A N A G E R , C E N T R A L O P E R AT I O N S . M A N A G E R , C O N S T R U C T I O N . M A N A G E R , E C O M M E R C E & M O B I L I T Y. M A N A G E R , E N G I N E E R I N G & C O N S T R U C T I O N . M A N A G E R , F I N A N C E . M A N A G E R , F I N A N C I A L A N A LY S I S . M A N A G E R , F I N A N C I A L R E P O RT I N G . M A N A G E R , F I N A N C I A L
S E R V I C E S . M A N A G E R , H U M A N R E S O U R C E S I N F O R MAT I O N T E C H N O L O G Y & C O M P E N S AT I O N . M A N A G E R , I N F R A S T R U C T U R E . M A N A G E R , I N T E R A C T I V E M A R K E TI N G . M A N A G E R , I N T E R N A L A U D IT. M A N A G E R , I T S E R V I C E & S U P P O RT. M A N A G E R , L E A S E A D M I N I S T RAT I O N . M A N A G E R , L E A S I N G S E R V I C E S .
M A N A G E R , L E G A L C O N T R A C T S A D M I N I S T R AT I O N . M A N A G E R , M A L L M E D I A I M PA C T. M A N A G E R , N AT I O N A L S P E C I A LT Y L E A S I N G . M A N A G E R , O F F I C E S E R V IC E S . M A N A G E R , P L A N N I N G & D E S I G N . M A N A G E R , P R E - C O N S T R U C T I O N S E R V I C E S . M A N A G E R , P R O G R A M S . M A N A G E R , S H O P P I N G C E N T E R F I N A N C I A L
S E R V I C E S . M A N A G E R , S P E C I A L P R O J E C T S . M A N A G E R , S Y S T E M S . M A N A G E R , S Y S T E M S D E V E L O P M E N T. M A N A G E R , TA X . M A N A G E R , T E N A N T C O O R D I N AT I O N A D M I N I S T RAT I O N . M A N A G E R , T E N A N T C O O R D I NAT I O N . M A R K E T I N G & S P O N S O R S H I P S P E C I A L I S T. M A R K E T I N G & S P O N S O R S H I P D I R E C T O R .
M A R K E T I N G & T O U R I S M S P E C I A L I S T. N AT I O N A L S P O N S O R S H I P L E A S I N G C O O R D I N AT I O N . O F F I C E M A N A G E R . O P E R AT I O N S A S S I S TA NT. O P E R AT I O N S C OO R D I N AT O R . O P E R AT I O N S D I R E C T O R . O W N E R ' S R E P R E S E N TAT I V E . PAY R O L L S U P E R V I S O R . P U B L I C R E L AT I O N S S P E C I A L I S T. P R E S I D E N T, TA U B M A N A S I A .
P R O C U R E M E N T C O O R D I N AT O R . P R O J E C T M A N A G E M E N T - E N T E R P R I S E . P R O J E C T A D M I N I S T R AT O R . P R O J E C T A N A LY S T I . P R O J E C T C O N T R O L S P E C I A L I ST. P R O J E C T M A N A G E R - B U S I N E S S R E L AT I O N S H I P M A N A G E R . R E A L E S TAT E A D M I N I S T RAT O R . R E A L E S TAT E TA X A N A LY ST. R E C E P T I O N I S T. R E C O R D S
C O O R D I N AT O R . R E C O R D S M A N A G E M E N T C O O R D I N AT O R . R E G I O N A L D I R E C T O R , S P E C I A LT Y L E A S I N G . R E G I O N A L M A R K E T S P E C I A L I S T. R E TA I L D E S I G N M A N A G E R . S E N I O R A C C O U NTA N T. S E N I O R A N A LY S T. S E N I O R A S S I S TA NT. S E N I O R AT T O R N E Y. S E N I O R TA X A N A LY S T. S E R V I C E S U P P O RT A N A LY S T.
S E R V I C E S C O O R D I N AT O R . S P E C I A LT Y L E A S I N G A G E N T. S P E C I A LT Y L E A S I N G A D M I N I S T R AT O R . S P E C I A LT Y L E A S I N G A G E NT. S P O N S O R S H I P & C E N T E R M A R K E T I N G A D M I N I S T R AT O R . S P O N S O R S H I P C O O R D I NAT O R . S P O N S O R S H I P S P E C I A L I S T. S E N I O R A D M I N I S T RAT O R . S E N I O R B E N E F I T S S P E C I A L I S T. S E N I O R
D I S B U R S E M E N T C O O R D I NAT O R . S E N I O R E M P L O Y E E R E L AT I O N S S P E C I A L I S T. S E N I O R FA C I L I T I E S D I R E C T O R . S E N I O R F I N A N C I A L A S S I S TA N T. S E N I O R I N F R A S T R U C T U R E E N G I N E E R . S E N I O R I N V E S T O R R E L AT I O N S A N A LY ST. S E N I O R L E A S I N G M A N A G E R . S E N I O R L E A S I N G R E S E A R C H A N A LY S T. S E N I O R L E G A L
A S S I S TA N T. S E N I O R L E A S I N G S E R V I C E S C O O R D I N AT O R . S E N I O R M A R K E T R E S E A R C H A N A LY S T. S E N I O R PAY R O L L C O O R D I N AT O R . S E N I O R P R O J E C T A N A LY S T. S E N I O R R E A L E S TAT E TAX A N A LY ST. S E N I O R R E S E A R C H A N A LY ST. S E N I O R S P E C I ALT Y L E A S I N G A G E N T A S S I S TA NT. S E N I O R S P E C I ALT Y L E A S I N G
A G E NT. S E N I O R S Y S T E M A N ALY S T. S E N I O R S Y S T E M A N A LY S T - E N T E R P R I S E D ATA M A N A G E M E NT. S E N I O R S Y S T E M A N A LY S T - J D E DWA R D S . S E N I O R S Y ST E M D E V E L O P E R - E N T E R P R I S E R E S O U R C E P L A N N I N G . S E N I O R S Y S T E M S D E V E L O P E R . S E N I O R TA L E N T A C Q U I S I T I O N S P E C I A L I S T. S E N I O R T E N A N T
C O O R D I N AT O R . S E N I O R , D E V E L O P M E N T M A N A G E R . S T R AT E G Y & R E S E A R C H A N A LY S T I . S VP, C A P ITA L M A R K E T S & T R E A S URY . S VP, C E N T E R O P E R AT I O N S. S V P, C H I E F S T R AT E G Y O F F I C E R . S VP, C O N T R O L L E R & C A O . S VP, D E V E L O P M E N T. S VP, G E N E R A L C O U N S E L . S VP, L E A S I N G . S Y S T E M D E V E L O P E R . TA L E N T
A C Q U I S I T I O N S P E C I A L I ST. TA X A N ALY S T. T E N A N T C O O R D I N AT O R . T E A M L E A D , C E N T E R M A R K E T I N G . T E A M L E A D , S TA F F I N T E G R AT I O N & T R A I N I N G C O O R D I N AT O R . T O TA L R E WA R D S A N A LY S T. U T I L I T I E S A N D E N G I N E E R I N G M A N A G E M E N T A N A LY ST. V I C E C H A I R M A N , C F O . V P, A S S I S TA N T C O N T R O L L E R .
V P, A S S I S TA N T G E N E R A L C O U N S E L . V P, C E N T R A L O P E R AT I O N S . V P, C O R P O RAT E A FFA I R S & I N V E S T O R R E L AT I O N S . V P, D E V E L O P M E N T. V P, E N G I N E ER I N G & C O N S T R U C T I O N . V P, F I N A N C I A L R E P O RT I N G . V P, H U M A N R E S O U R C E S . V P, L E A S E C O M P L I A N C E . V P, L E A S I N G . V P, L E G A L C O U N S E L - A S I A . V P,
P L A N N I N G & D E S I G N . V P, R E G I O N A L M A N A G E M E N T. V P, S E N I O R C O U N S E L . V P, S P O N S O R S H I P & C E N T E R M A R K E T I N G . V P, TA X . V P, T R E A S URY & F IN A N C I A L A N A LY S I S . A C C O U N T I N G S TA N D A R D S A N D C O M P L I A N C E S P E C I A L I S T. A D M I N I S T R AT I V E S E C R ETA RY. A D M I N I S T RAT O R . A N A LY ST. A C C O U N T
S U P E R V I S O R , PA RT N E R R E L AT I O N S & C E N T E R S P O N S O R S H IP. A S S I S TA N T. A S S I S TA N T A C C O U N TA NT. A S S I S TA N T A N A LY ST. A S S I S TA N T G E N E R A L M A N AG E R . A S S I S TA N T T O T H E C F O . A S S I S TA N T T O T H E C H A I R M A N . AS S I S TA N T T O T H E C O O . A S S I S TA N T B I L L I N G C O O R D I N AT O R . A S S I S TA N T FA C I L I T I E S
S U P E R I N T E N D E N T. A S S I S TA N T L E A S E A D M I N I S T R AT O R . A S S I S TA N T M A N A G E R , C O N T R A C T A D M I N I S T R AT I O N . A S S I S TA N T P R O J E C T C O N T R O L S P E C I A L I ST. B I L L I N G C O O R D I N AT O R . B U S I N E S S S Y S T E M S A N A LY ST. C A P I TA L I N V E S T M E N T A N A LY ST. C E N T E R & S P E C I ALT Y L E A S I N G A S S I S TA NT. C E N T E R A S S IS TA N T.
C H A I R M A N , P R E S I D E N T & C E O . C H I E F E N G I N E E R . C H I E F I N V E S T M E N T O F F I C E R . C H I E F O P E R AT I N G O F F I C E R . C H I E F T E C H N O L O G Y O F F I C E R . C L E R K . C O M P U T E R S U P P O RT A N A LY ST. C O O R D I N AT O R . C O R P O R AT E M A R K E T I N G S P E C I A L I S T. C R E D I T A D M I N I S T RAT O R . D ATA B A S E A D M I N I S T RAT O R . D E V E L O P M E NT
D I R E C T O R . D E V E L O P M E N T S P E C I A L I S T. D I G I TA L P U B L I C R E L AT I O N S S P E C I A L I ST. D I R E C T O R , C A P ITA L I N V E S T M E N T S & F I N A N C I A L P L A N N I N G . D I R E C T O R , C A P ITA L M A R K E T S . D I R E C T O R , C O R E M A N A G E M E N T. D I R E C T O R , C O R E P R O J E C T M A N A G E M E N T. D I R E C T O R , C O R P O R AT E F I N A N C I A L S E R V I C E S . D I R E C T O R ,
C U S T O M E R I N F O R M AT I O N . D I R E C T O R , D E S I G N & D E V E L O P. D I R E C T O R , D E V E L O P M E N T. D I R E C T O R , D I G I TA L M A R K E T I N G . D I R E C T O R , E M P L O Y E E R E LAT I O N S . D I R E C T O R , E N G I N E E R I N G & C O N S T R U C T I O N . D I R E C T O R , E N T E R P R I S E A P P L I C AT I O N S . D I R E C T O R , F I N A N C I A L A N A LY S I S . D I R E C T O R , F I N A N C I AL
R E P ORT I N G . D I R E C T O R , I N F O R M AT I O N T E C H N O L O G Y. D I R E C T O R , I N T E R N A L A U D IT. D I R E C T O R , I T I N F R A S T R U C T U R E & O P E R AT I O N S . D I R E C T O R , L E A S E A D M I N I S T R AT I O N . D I R E C T O R , L E A S E C O M P L I A N C E . D I R E C T O R , PA RT N E R M A R K E T I N G . D I R E C T O R , P L A N N I N G & D E S I G N . D I R E C T O R , P R E - C O N S T R U C T I O N
S E R V I C E S . D I R E C T O R , P R O F E S S I O N A L D E V E L O P M E NT. D I R E C T O R , P R O G R A M M A N A G E M E N T. D I R E C T O R , PA RT N E R R E L AT I O N S & C E N T E R S P O N S O R S H I P. D I R E C T O R , R E A L E S TAT E TA X . D I R E C T O R , R E V E N U E P R O G R A M S . D I R E C T O R , R I S K M A N A G E M E N T. D I R E C T O R , S H O P P I N G C E N T E R F I N A N C I A L S E R V I C E S .
D I R E C T O R , S T R AT E G Y & R E S E A R C H . D I R E C T O R , TA L E N T A C Q U I S I T I O N . D I R E C T O R , TA X C O M P L I A N C E . D I R E C T O R , TA X , R E I T & P L A N N I N G . D I R E C T O R, T E N A N T C O O R D I NAT I O N . D I R E C T O R , T OTA L R E WA R D S . D I R E C T O R , T R E A S URY. D I R E C T O R , TA U B M A N S M ART B U I L D I N G S O P E R AT I O N S . D I R E C T O R , U T IL I T I E S
& E N E R G Y M A N A G E M E NT. D I R E C T O R , L E A S I N G . D I S B U R S E M E N T C O O R D I NAT O R . E X E C U T I V E A D M I N I S T R AT O R . E X E C U T I V E A S S I S TA N T. FA C I L I T I E S A D M I N I S T R AT I O N C O O R D I NAT O R . FA C I L I T I E S D I R E C T O R . FA C I L I T I E S M A I N T E N A N C E . FA C I L I T I E S M A N A G E R . FA C I L I T I E S S U P E R I N T E N D E N T. F I N A N C I A L
A S S I S TA N T. F I N A N C I A L C O N T R O L L E R . G E N E R A L M A I N T E N A N C E . G E N E R A L M A N A G E M E N T A S S I S TA N T. G E N E R A L M A N A G E R . G R O U P D I R E C T O R , T E N A N T C O O R D I N AT I O N . G R O U P V I C E P R E S I D E N T, L E A S I N G . H U M A N R E S O U R C E S I N F O R M AT I O N T E C H N O L O G Y A N A LY S T. H U M A N R E S O U R C E S A S S O C I AT E .
H U M A N R E S O U R C E S D I R E C T O R . H VA C T E C H N I C I A N . I M A G I N G C O O R D I N AT O R . I N F R A S T R U C T U R E E N G I N E E R . I N T E R N . I T S U P P ORT E N G I N E E R . L E A S E A DM I N I S T RAT O R . L E A S I N G A G E N T I . L E A S I N G A G E N T I I . L E A S I N G A G E N T I I I . L E A S I N G AT T O R N E Y. L E A S I N G M A N A G E R . L E A S I N G S E R V I C E S A S S O C I AT E .
L E A S I N G S E R V I C E S M A N A G E R . L E G A L A S S I S TA N T. L E A S I N G S E R V I C E S C O O R D I NAT O R . M A I N T E N A N C E T E C H N I C I A N . M A N A G E M E N T A S S I S TA NT. M A N A G E R , C O N S T R U C T I O N . M A N A G I N G AT T O R N E Y. M A N A G I N G D I R E C T O R O F C H I N A . M A R K E T I N G & T O U R I S M C O O R D I NAT O R . M A R K E T I N G A S S I S TA NT.
M A R K E T I N G C O N S ULT A N T. M A R K E T I N G C O O R D I NAT O R . M A R K E T I N G M A N A G E R . M A R K E T I N G S P E C I A L I S T. M A R K E T I N G S P O N S O R S H I P C O O R D I N AT O R . M A N A G E R , C E N T E R M A R K E T I N G . M A N A G E R , C E N T E R O P E R AT I O N S . M A N A G E R , C E N T R A L O P E R AT I O N S . M A N A G E R , C O N S T R U C T I O N . M A N A G E R ,
E C O M M E R C E & M O B I L I T Y. M A N A G E R , E N G I N E E R I N G & C O N S T R U C T I O N . M A N A G E R , F I N A N C E . M A N A G E R , F I N A N C I A L A N A LY S I S . M A N A G E R , F I N A N C I A L R E P ORT I N G . M A N A G E R , F I N A N C I A L S E R V I C E S . M A N A G E R , H U M A N R E S O U R C E S I N F O R M AT I O N T E C H N O L O G Y & C O M P E N S AT I O N . M A N A G E R ,
I N F R A S T R U C T U R E . M A N A G E R , I N T E R A C T I V E M A R K E T I N G . M A N A G E R , I N T E R N A L A U D IT. M A N A G E R , I T S E R V I C E & S U P P O RT. M A N A G E R , L E A S E A D M I N I S T R AT I O N . M A N A G E R , L E A S I N G S E R V I C E S . M A N A G E R , L E G A L C O N T R A C T S A D M I N I S T RAT I O N . M A N A G E R , M A L L M E D I A I MPA C T. M A N A G E R , N AT I O N A L
S P E C I A LT Y L E A S I N G . M A N A G E R , O F F I C E S E R V I C E S . M A N A G E R , P L A N N I N G & D E S I G N . M A N A G E R , P R E - C O N S T R U C T I O N S E R V I C E S . M A N A G E R , P R O G R A M S . M A N A G E R , S H O P P I N G C E N T E R F I N A N C I A L S E R V I C E S . M A N A G E R , S P E C I A L P R O J E C T S . M A N A G E R , S Y S T E M S . M A N A G E R , S Y S T E M S D E V E L O P M E N T.
M A N A G E R , TA X . M A N A G E R , T E N A N T C O O R D I N AT I O N A D M I N I S T R AT I O N . M A N A G E R , T E N A N T C O O R D I N AT I O N . M A R K E T I N G & S P O N S O R S H I P S P E C I A L I ST. M AR K E T I N G & S P O N S O R S H I P D I R E C T O R . M A R K E T I N G & T O U R I S M S P E C I A L I S T. N AT I O N A L S P O N S O R S H I P L E A S I N G C O O R D I NAT I O N . O F F I C E M A N A G E R .
O P E R AT I O N S A S S I S TA NT. O P E R AT I O N S C O O R D I N AT O R . O P E R AT I O N S D I R E C T O R . O W N E R ' S R E P R E S E NTAT I V E . PAY R O L L S U P E R V I S O R . P U B L I C R E L AT I O N S S P E C I A L I S T. P R E S I D E N T, TA U B M A N A S I A . P R O C U R E M E N T C O O R D I N AT O R . P R O J E C T M A N A G E M E N T - E N T E R P R I S E . P R O J E C T A D M I N I S T RAT O R . P R O J E C T
A N A LY S T I . P R O J E C T C O N T R O L S P E C I A L I ST. P R O J E C T M A N A G E R - B U S I N E S S R E L AT I O N S H I P M A N A G E R . R E A L E STAT E A D M I N I S T R AT O R . R E A L E S T AT E TA X A N A LY ST. R E C E P T I O N I S T. R E C O R D S C O O R D I NAT O R . R E C O R D S M A N A G E M E N T C O O R D I NAT O R . R E G I O N A L D I R E C T O R , S P E C I ALT Y L E A S I N G . R E G I O N A L
M A R K E T S P E C I A L I S T. R ETA I L D E S I G N M A N A G E R . S E N I O R A C C O U N TA NT. S E N I O R A N A LY ST. S E N I O R A S S I S TA NT. S E N I O R AT T O R N E Y. S E N I O R TA X A N A LY ST. S E R V I C E S U P P O RT A N A LY ST. S E R V I C E S C O O R D I N AT O R . S P E C I A LT Y L E A S I N G A G E N T. S P E C I ALT Y L E A S I N G A D M I N I S T RAT O R . S P E C I ALT Y L E A S I N G A G E N T.
S P O N S O R S H I P & C E N T E R M A R K E T I N G A D M I N I S T R AT O R . S P O N S O R S H I P C O O R D I N AT O R . S P O N S O R S H I P S P E C I A L I S T. S E N I O R A D M I N I S T R AT O R . S E N I O R B EN E F I T S S P E C I A L I S T. S E N I O R D I S B U R S E M E N T C O O R D I N AT O R . S E N I O R E M P L O Y E E R E LAT I O N S S P E C I A L I S T. S E N I O R FA C I L I T I E S D I R E C T O R . S E N I O R
F I N A N C I A L A S S I S TA N T. S E N I O R I N F R A S T R U C T U R E E N G I N E E R . S E N I O R I N V E S T O R R E L AT I O N S A N A LY S T. S E N I O R L E A S I N G M A N A G E R . S E N I O R L E A S I N G R E S E A R C H A N A LY S T. S E N I O R L E G A L A S S I S TA NT. S E N I O R L E A S I N G S E R V I C E S C O O R D I N AT O R . S E N I O R M A R K E T R E S E A R C H A N A LY S T. S E N I O R PAY R O L L
C O O R D I N AT O R . S E N I O R P R O J E C T A N A LY S T. S E N I O R R E A L E STAT E TA X A N ALY S T. S E N I O R R E S E A R C H A N A LY ST. S E N I O R S P E C I ALT Y L E A S I N G A G E N T A SS I S TA NT. S E N I O R S P E C I ALT Y L E A S I N G A G E N T. S E N I O R S Y S T E M A N A LY ST. S E N I O R S Y S T E M A N A LY S T - E N T E R P R I S E DATA M A N A G E M E N T. S E N I O R S Y S TE M
A N A LY S T - J D E D WA R D S . S E N I O R S Y S T E M D E V E L O P E R - E N T E R P R I S E R E S O U R C E P L A N N I N G . S E N I O R S Y S T E M S D E V E L O P E R . S E N I O R TA L E N T A C Q U I S I T I O N S P E C I A L I S T. S E N I O R T E N A N T C O O R D I N AT O R . S E N I O R , D E V E L O P M E N T M A N A G E R . S T R AT E G Y & R E S E A R C H A N A LY S T I . S VP, C A P ITA L M A R K E T S
& T R E A S URY . S VP, C E N T E R O P E R AT I O N S . S V P, C H I E F S T R AT E G Y O F F I C E R . S VP, C O N T R O L L E R & C A O . S VP, D E V E L O P M E N T. S V P, G E N E R A L C O U N S E L . S V P, L E A S I N G . S Y S T E M D E V E L O P E R . TA L E N T A C Q U I S I T I O N S P E C I A L I S T. TA X A N A LY S T. T E N A N T C O O R D I N AT O R . T E A M L E A D , C E N T E R M A R K E T I N G . T E A M L E A D ,
S TA F F I N T E G R AT I O N & T R A I N I N G C O O R D I N AT O R . T O TA L R E WA R D S A N A LY S T. U T I L I T I E S A N D E N G I N E E R I N G M A N A G E M E N T A N A LY S T. V I C E C H A I R M A N , C F O . V P, A S S I S TA N T C O N T R O L L E R . V P, A S S I S TA N T G E N E R A L C O U N S E L . V P, C E N T R A L O P E R AT I O N S . V P, C O R P O R AT E A F FA I R S & I N V E S T O R R E L AT I O N S .
V P, D E V E L O P M E NT. V P, E N G I N E E R I N G & C O N S T R U C T I O N . V P, F I N A N C I A L R E P O RT I N G . V P, H U M A N R E S O U R C E S . V P, L E A S E C O M P L I A N C E . V P, L E A S I N G . V P, L E G A L C O U N S E L - A S I A . V P, P L A N N I N G & D E S I G N . V P, R E G I O N A L M A N A G E M E N T. V P, S E N I O R C O U N S E L . V P, S P O N S O R S H I P & C E N T E R M A R K ET I N G .
V P, TA X . V P, T R E A S U RY & F I N A N C I A L A N A LY S I S . A C C O U N T I N G S TA N D A R D S A N D C O M P L I A N C E S P E C I A L I S T. A D M I N I S T R AT I V E S E C R E TA RY. A D M I N I S T RA T O R . A N A LY S T. A C C O U N T S U P E R V I S O R , PA RT N E R R E L AT I O N S & C E N T E R S P O N S O R S H IP. A S S I S TA NT. A S S I S TA N T A C C O U NTA N T. A S S I S TA N T A N A LY ST.
A S S I S TA N T G E N E R A L M A N A G E R . A S S I S TA N T T O T H E C F O . A S S I S TA N T T O T H E C H A I R M A N . A S S I S TA N T T O T H E C O O . A S S I S TA N T B I L L I N G C O O R D I N AT O R . A S S I S TA N T FA C I L I T I E S S U P E R I N T E N D E N T. A S S I S TA N T L E A S E A D M I N I S T RAT O R . A S S I S TA N T M A N A G E R , C O N T R A C T A D M I N I S T RAT I O N . A S S I S TA N T P R O J E C T
C O N T R O L S P E C I A L I S T. B I L L I N G C O O R D I N AT O R . B U S I N E S S S Y S T E M S A N A LY ST. C A P I TA L I N V E S T M E N T A N A LY S T. C E N T E R & S P E C I A LT Y L E A S I N G A S S I ST A N T. C E N T E R A S S I S TA NT. C H A I R M A N , P R E S I D E N T & C E O . C H I E F E N G I N E E R . C H I E F I N V E S T M E N T O F F I C E R . C H I E F O P E R AT I N G O F F I C E R . C H I E F T EC H N O L O G Y
O F F I C E R . C L E R K . C O M P U T E R S U P P ORT A N A LY ST. C O O R D I NAT O R . C O R P O R AT E M A R K E T I N G S P E C I A L I S T. C R E D I T A D M I N I S T R AT O R . D ATA B A S E A D M I N I S T RAT O R . D E V E L O P M E N T D I R E C T O R . D E V E L O P M E N T S P E C I A L I S T. D I G I TA L P U B L I C R E L AT I O N S S P E C I A L I S T. D I R E C T O R , C A P ITA L I N V E S T M E N T S & F I N A NC I A L
P L A N N I N G . D I R E C T O R , C A P ITA L M A R K E T S . D I R E C T O R , C O R E M A N A G E M E N T. D I R E C T O R , C O R E P R O J E C T M A N A G E M E N T. D I R E C T O R , C O R P O RAT E F I N A N C I A L S E R V I C E S . D I R E C T O R , C U S T O M E R I N F O R M AT I O N . D I R E C T O R , D E S I G N & D E V E L O P. D I R E C T O R , D E V E L O P M E N T. D I R E C T O R , D I G I TA L M A R K E T I N G .
D I R E C T O R , E M P L O Y E E R E L AT I O N S . D I R E C T O R , E N G I N E E R I N G & C O N S T R U C T I O N . D I R E C T O R , E N T E R P R I S E A P P L I C AT I O N S . D I R E C T O R , F I N A N C I A L A N A LY S I S . D I R E C T O R , F I N A N C I A L R E P O RT I N G . D I R E C T O R , I N F O R M AT I O N T E C H N O L O GY. D I R E C T O R , I N T E R N A L A U D IT. D I R E C T O R , I T I N F R A S T R U C T U R E &
O P E R AT I O N S . D I R E C T O R , L E A S E A D M I N I S T R AT I O N . D I R E C T O R , L E A S E C O M P L I A N C E . D I R E C T O R , PA RT N E R M A R K E T I N G . D I R E C T O R , P L A N N I N G & D E S IG N . D I R E C T O R , P R E - C O N S T R U C T I O N S E R V I C E S . D I R E C T O R , P R O F E S S I O N A L D E V E L O P M E N T. D I R E C T O R , P R O G R A M M A N A G E M E N T. D I R E C T O R , PA RT N E R
R E L AT I O N S & C E N T E R S P O N S O R S H IP. D I R E C T O R , R E A L E STAT E TA X . D I R E C T O R , R E V E N U E P R O G R A M S . D I R E C T O R , R I S K M A N A G E M E N T. D I R E C T O R , S H O P P I N G C E N T E R F I N A N C I A L S E R V I C E S . D I R E C T O R , S T R AT E G Y & R E S E A R C H . D I R E C T O R , TA L E N T A C Q U I S I T I O N . D I R E C T O R , TA X C O M P L I A N C E . D I R E C T O R ,
TA X , R E I T & P L A N N I N G . D I R E C T O R , T E N A N T C O O R D I N AT I O N . D I R E C T O R , T O TA L R E WA R D S . D I R E C T O R , T R E A S URY . D I R E C T O R , TA U B M A N S M A RT B U I L D I N G S O P E R AT I O N S . D I R E C T O R , U T I L I T I E S & E N E R G Y M A N A G E M E N T. D I R E C T O R , L E A S I N G . D I S B U R S E M E N T C O O R D I N AT O R . E X E C U T I V E A D M I N I S T RAT O R .
E X E C U T I V E A S S I S TA NT. FA C I L I T I E S A D M I N I S T R AT I O N C O O R D I N AT O R . FA C I L I T I E S D I R E C T O R . FA C I L I T I E S M A I N T E N A N C E . FA C I L I T I E S M A N A G E R . FA C I L I T I E S S U P E R I N T E N D E N T. F I N A N C I A L A S S I S TA NT. F I N A N C I A L C O N T R O L L E R . G E N E R A L M A I N T E N A N C E . G E N E R A L M A N A G E M E N T A S S I S TA NT. G E N E R A L
M A N A G E R . G R O U P D I R E C T O R , T E N A N T C O O R D I N AT I O N . G R O U P V I C E P R E S I D E N T, L E A S I N G . H U M A N R E S O U R C E S I N F O R M AT I O N T E C H N O L O G Y A N A LY ST. H U M A N R E S O U R C E S A S S O C I AT E . H U M A N R E S O U R C E S D I R E C T O R . H VA C T E C H N I C I A N . I M A G I N G C O O R D I N AT O R . I N F R A S T R U C T U R E E N G I N E E R . I N T E R N .
I T S U P P ORT E N G I N E E R . L E A S E A D M I N I S T R AT O R . L E A S I N G A G E N T I . L E A S I N G A G E N T I I . L E A S I N G A G E N T I I I . L E A S I N G AT T O R N E Y. L E A S I N G M A N AG E R . L E A S I N G S E R V I C E S A S S O C I AT E . L E A S I N G S E R V I C E S M A N A G E R . L E G A L A S S I S TA NT. L E A S I N G S E R V I C E S C O O R D I NAT O R . M A I N T E N A N C E T E C H N I C I AN .
M A N A G E M E N T A S S I S TA NT. M A N A G E R , C O N S T R U C T I O N . M A N A G I N G AT T O R N EY. M A N A G I N G D I R E C T O R O F C H I N A . M A R K E T I N G & T O U R I S M C O O R D I N AT O R . M A R K E T I N G A S S I S TA NT. M A R K E T I N G C O N S ULT A NT. M A R K E T I N G C O O R D I NAT O R . M A R K E T I N G M A N A G E R . M A R K E T I N G S P E C I A L I S T. M A R K E T I N G
S P O N S O R S H I P C O O R D I N AT O R . M A N A G E R , C E N T E R M A R K E T I N G . M A N A G E R , C E N T E R O P E R AT I O N S . M A N A G E R , C E N T R A L O P E R AT I O N S . M A N A G E R , C O N S T R U C TI O N . M A N A G E R , E C O M M E R C E & M O B I L I TY. M A N A G E R , E N G I N E E R I N G & C O N S T R U C T I O N . M A N A G E R , F I N A N C E . M A N A G E R , F I N A N C I A L
A N A LY S I S . M A N A G E R , F I N A N C I A L R E P O RT I N G . M A N A G E R , F I N A N C I A L S E R V I C E S . M A N A G E R , H U M A N R E S O U R C E S I N F O R M AT I O N T E C H N O L O G Y & C O M P E N S AT I O N . M A N A G E R , I N F R A S T R U C T U R E . M A N A G E R , I N T E R A C T I V E M A R K E T I N G . M A N A G E R , I N T E R N A L A U D IT. M A N A G E R , I T S E R V I C E & S U P P O RT.
M A N A G E R , L E A S E A D M I N I S T R AT I O N . M A N A G E R , L E A S I N G S E R V I C E S . M A N A G E R , L E G A L C O N T R A C T S A D M I N I S T R AT I O N . M A N A G E R , M A L L M E D I A I MPA C T. M A N A G E R , N AT I O N A L S P E C I ALT Y L E A S I N G . M A N A G E R , O F F I C E S E R V I C E S . M A N A G E R , P L A N N I N G & D E S I G N . M A N A G E R , P R E - C O N S T R U C T I O N
S E R V I C E S . M A N A G E R , P R O G R A M S . M A N A G E R , S H O P P I N G C E N T E R F I N A N C I A L S E R V I C E S . M A N A G E R , S P E C I A L P R O J E C T S . M A N A G E R , S Y S T E M S . M A N A G E R, S Y S T E M S D E V E L O P M E N T. M A N A G E R , TA X . M A N A G E R , T E N A N T C O O R D I NAT I O N A D M I N I S T RAT I O N . M A N A G E R , T E N A N T C O O R D I NAT I O N . M A R K E T I N G
& S P O N S O R S H I P S P E C I A L I ST. M A R K E T I N G & S P O N S O R S H I P D I R E C T O R . M A R K E T I N G & T O U R I S M S P E C I A L I ST. N AT I O N A L S P O N S O R S H I P L E A S I N G C O O R D I N AT I O N . O F F I C E M A N A G E R . O P E R AT I O N S A S S I S TA NT. O P E R AT I O N S C O O R D I NAT O R . O P E R AT I O N S D I R E C T O R . O W N E R ' S R E P R E S E N TAT I V E . PAY R O L L
S U P E R V I S O R . P U B L I C R E L AT I O N S S P E C I A L I S T. P R E S I D E N T, TA U B M A N A S I A . P R O C U R E M E N T C O O R D I N AT O R . P R O J E C T M A N A G E M E N T - E N T E R P R I S E . P R O J E C T A D M I N I S T R AT O R . P R O J E C T A N A LY S T I . P R O J E C T C O N T R O L S P E C I A L I S T. P R O J E C T M A N A G E R - B U S I N E S S R E L AT I O N S H I P M A N A G E R . R E A L E S TAT E
A D M I N I S T R AT O R . R E A L E S TAT E TA X A N A LY S T. R E C E P T I O N I ST. R E C O R D S C O O R D I N AT O R . R E C O R D S M A N A G E M E N T C O O R D I N AT O R . R E G I O N A L D I R E C T O R , S PE C I ALT Y L E A S I N G . R E G I O N A L M A R K E T S P E C I A L I S T. R E TA I L D E S I G N M A N A G E R . S E N I O R A C C O U NTA N T. S E N I O R A N A LY S T. S E N I O R A S S I S TA NT. S E N I O R
AT T O R N E Y. S E N I O R TA X A N A LY S T. S E R V I C E S U P P ORT A N A LY S T. S E R V I C E S C O O R D I N AT O R . S P E C I A LT Y L E A S I N G A G E N T. S P E C I A LT Y L E A S I N G A D M I N I S T R AT O R . S P E C I A LT Y L E A S I N G A G E N T. S P O N S O R S H I P & C E N T E R M A R K E T I N G A D M I N I S T RAT O R . S P O N S O R S H I P C O O R D I NAT O R . S P O N S O R S H I P S P E C I A L I S T.
S E N I O R A D M I N I S T R AT O R . S E N I O R B E N E F I T S S P E C I A L I ST. S E N I O R D I S B U R S E M E N T C O O R D I NAT O R . S E N I O R E M P L O Y E E R E L AT I O N S S P E C I A L I ST. S E N I O R FA C I L I T I E S D I R E C T O R . S E N I O R F I N A N C I A L A S S I S TA NT. S E N I O R I N F R A S T R U C T U R E E N G I N E E R . S E N I O R I N V E S T O R R E L AT I O N S A N A LY ST. S E N I O R L E A S I N G
M A N A G E R . S E N I O R L E A S I N G R E S E A R C H A N A LY S T. S E N I O R L E G A L A S S I S TA NT. S E N I O R L E A S I N G S E R V I C E S C O O R D I N AT O R . S E N I O R M A R K E T R E S E A R C H A N ALY S T. S E N I O R PAY R O L L C O O R D I N AT O R . S E N I O R P R O J E C T A N A LY ST. S E N I O R R E A L E S TAT E TA X A N A LY ST. S E N I O R R E S E A R C H A N A LY ST. S E N I O R
S P E C I A LT Y L E A S I N G A G E N T A S S I S TA N T. S E N I O R S P E C I A LT Y L E A S I N G A G E N T. S E N I O R S Y S T E M A N A LY ST. S E N I O R S Y S T E M A N ALY S T - E N T E R P R I S E D ATA M A N A G E M E N T. S E N I O R S Y S T E M A N A LY S T - J D E DWA R D S . S E N I O R S Y S T E M D E V E L O P E R - E N T E R P R I S E R E S O U R C E P L A N N I N G . S E N I O R S Y S T E M S D E V EL O P E R .
S E N I O R TA L E N T A C Q U I S I T I O N S P E C I A L I S T. S E N I O R T E N A N T C O O R D I NAT O R . S E N I O R , D E V E L O P M E N T M A N A G E R . S T R AT E G Y & R E S E A R C H A N A LY S T I . S VP, C A P ITA L M A R K E T S & T R E A S URY . S VP, C E N T E R O P E R AT I O N S . S VP, C H I E F S T R AT E G Y O F F I C E R . S VP, C O N T R O L L E R & C A O . S VP, D E V E L O P M E N T. S VP,
G E N E R A L C O U N S E L . S V P, L E A S I N G . S Y S T E M D E V E L O P E R . TA L E N T A C Q U I S I T I O N S P E C I A L I S T. TA X A N A LY ST. T E N A N T C O O R D I N AT O R . T E A M L E A D , C E N T E R M A R K E T I N G . T E A M L E A D , S TA F F I N T E G R AT I O N & T R A I N I N G C O O R D I N AT O R . T O TA L R E WA R D S A N A LY S T. U T I L I T I E S A N D E N G I N E E R I N G M A N A G E M E N T
A N A LY S T. V I C E C H A I R M A N , C F O . V P, A S S I S TA N T C O N T R O L L E R . V P, A S S I S TA N T G E N E R A L C O U N S E L . V P, C E N T R A L O P E R AT I O N S . V P, C O R P O R AT E A FFA I R S & I N V E S T O R R E L AT I O N S . V P, D E V E L O P M E N T. V P, E N G I N E E R I N G & C O N S T R U C T I O N . V P, F I N A N C I A L R E P O RT I N G . V P, H U M A N R E S O U R C E S . V P, L EA S E
C O M P L I A N C E . V P, L E A S I N G . V P, L E G A L C O U N S E L - A S I A . V P, P L A N N I N G & D E S I G N . V P, R E G I O N A L M A N A G E M E N T. V P, S E N I O R C O U N S E L . V P, S P O N S O R S H I P & C E N T E R M A R K E T I N G . V P, TA X . V P, T R E A S URY & F I N A N C I A L A N A LY S I S . A C C O U N T I N G S TA N D A R D S A N D C O M P L I A N C E S P E C I A L I S T. A D M I N I S T RAT I V E
S E C R E TA RY. A D M I N I S T R AT O R . A N A LY S T. A C C O U N T S U P E R V I S O R , PA RT N E R R E LAT I O N S & C E N T E R S P O N S O R S H IP. A S S I S TA N T. A S S I S TA N T A C C O U N TA N T. A S S I S TA N T A N A LY ST. A S S I S TA N T G E N E R A L M A N A G E R . A S S I S TA N T T O T H E C F O . A S S I S TA N T T O T H E C H A I R M A N . A S S I S TA N T T O T H E C O O . A S S I S TA NT
B I L L I N G C O O R D I NAT O R . A S S I S TA N T FA C I L I T I E S S U P E R I N T E N D E N T. A S S I S TA N T L E A S E A D M I N I S T R AT O R . A S S I S TA N T M A N A G E R , C O N T R A C T A D M I N I S T R AT I O N . A S S I S TA N T P R O J E C T C O N T R O L S P E C I A L I S T. B I L L I N G C O O R D I NAT O R . B U S I N E S S S Y S T E M S A N A LY ST. C A P ITA L I N V E S T M E N T A N A LY S T. C E N T E R &
S P E C I A LT Y L E A S I N G A S S I S TA N T. C E N T E R A S S I S TA NT. C H A I R M A N , P R E S I D E N T & C E O . C H I E F E N G I N E E R . C H I E F I N V E S T M E N T O F F I C E R . C H I E F O P E R AT I N G O F F I C E R . C H I E F T E C H N O L O G Y O F F I C E R . C L E R K . C O M P U T E R S U P P O RT A N A LY ST. C O O R D I NAT O R . C O R P O R AT E M A R K E T I N G S P E C I A L I S T. C R E D I T
A D M I N I S T R AT O R . D ATA B A S E A D M I N I S T R AT O R . D E V E L O P M E N T D I R E C T O R . D E V E L O P M E N T S P E C I A L I ST. D I G ITA L P U B L I C R E L AT I O N S S P E C I A L I S T. D I R E CT O R , C A P I TA L I N V E S T M E N T S & F I N A N C I A L P L A N N I N G . D I R E C T O R , C A P I TA L M A R K E T S . D I R E C T O R , C O R E M A N A G E M E N T. D I R E C T O R , C O R E P R O J E C T
M A N A G E M E N T. D I R E C T O R , C O R P O R AT E F I N A N C I A L S E R V I C E S . D I R E C T O R , C U S T O M E R I N F O R MAT I O N . D I R E C T O R , D E S I G N & D E V E L O P. D I R E C T O R , D E V E LO P M E N T. D I R E C T O R , D I G I TA L M A R K E T I N G . D I R E C T O R , E M P L O Y E E R E L AT I O N S . D I R E C T O R , E N G I N E E R I N G & C O N S T R U C T I O N . D I R E C T O R , E N T E R P R I S E
A P P L I C AT I O N S . D I R E C T O R , F I N A N C I A L A N A LY S I S . D I R E C T O R , F I N A N C I A L R E P O RT I N G . D I R E C T O R , I N F O R M AT I O N T E C H N O L O G Y. D I R E C T O R , I N T E R N A L A U D IT. D I R E C T O R , I T I N F R A S T R U C T U R E & O P E R AT I O N S . D I R E C T O R , L E A S E A D M I N I S T R AT I O N . D I R E C T O R , L E A S E C O M P L I A N C E . D I R E C T O R , PA RT N E R
M A R K E T I N G . D I R E C T O R , P L A N N I N G & D E S I G N . D I R E C T O R , P R E - C O N S T R U C T I O N S E R V I C E S . D I R E C T O R , P R O F E S S I O N A L D E V E L O P M E N T. D I R E C T O R , P R O G R A M M A N A G E M E N T. D I R E C T O R , PA RT N E R R E L AT I O N S & C E N T E R S P O N S O R S H IP. D I R E C T O R , R E A L E S TAT E TA X . D I R E C T O R , R E V E N U E P R O G R A M S . D I R E CT O R ,
R I S K M A N A G E M E NT. D I R E C T O R , S H O P P I N G C E N T E R F I N A N C I A L S E R V I C E S . D I R E C T O R , S T R AT E G Y & R E S E A R C H . D I R E C T O R , TA L E N T A C Q U I S I T I O N . D IR E C T O R , TA X C O M P L I A N C E . D I R E C T O R , TA X , R E I T & P L A N N I N G . D I R E C T O R , T E N A N T C O O R D I N AT I O N . D I R E C T O R , T OTA L R E WA R D S . D I R E C T O R , T R E A S URY .
D I R E C T O R , TA U B M A N S M A RT B U I L D I N G S O P E R AT I O N S . D I R E C T O R , U T I L I T I E S & E N E R G Y M A N A G E M E N T. D I R E C T O R , L E A S I N G . D I S B U R S E M E N T C O O R D I N AT O R . E X E C U T I V E A D M I N I S T R AT O R . E X E C U T I V E A S S I S TA NT. FA C I L I T I E S A D M I N I S T R AT I O N C O O R D I NAT O R . FA C I L I T I E S D I R E C T O R . FA C I L I T I E S M A I NT E N A N C E .
FA C I L I T I E S M A N A G E R . FA C I L I T I E S S U P E R I N T E N D E N T. F I N A N C I A L A S S I S TA N T. F I N A N C I A L C O N T R O L L E R . G E N E R A L M A I N T E N A N C E . G E N E R A L M A N A G E M E N T A S S I S TA NT. G E N E R A L M A N A G E R . G R O U P D I R E C T O R , T E N A N T C O O R D I NAT I O N . G R O U P V I C E P R E S I D E N T, L E A S I N G . H U M A N R E S O U R C E S I N F O R M AT I O N
T E C H N O L O G Y A N A LY S T. H U M A N R E S O U R C E S A S S O C IAT E . H U M A N R E S O U R C E S D I R E C T O R . H VA C T E C H N I C I A N . I M A G I N G C O O R D I N AT O R . I N F R A S T R U C T U R E E N G I N E E R . I N T E R N . I T S U P P O RT E N G I N E E R . L E A S E A D M I N I S T R AT O R . L E A S I N G A G E N T I . L E A S I N G A G E N T I I . L E A S I N G A G E N T I I I . L E A S I N G AT T O R NE Y.
L E A S I N G M A N A G E R . L E A S I N G S E R V I C E S A S S O C I AT E . L E A S I N G S E R V I C E S M A N A G E R . L E G A L A S S I S TA N T. L E A S I N G S E R V I C E S C O O R D I N AT O R . M A I N T E N A N C E T E C H N I C I A N . M A N A G E M E N T A S S I S TA NT. M A N A G E R , C O N S T R U C T I O N . M A N A G I N G AT T O R N E Y. M A N A G I N G D I R E C T O R O F C H I N A . M A R K E T I N G &
T O U R I S M C O O R D I N AT O R . M A R K E T I N G A S S I S TA N T. M A R K E T I N G C O N S ULT A N T. M A R K E T I N G C O O R D I N AT O R . M A R K E T I N G M A N A G E R . M A R K E T I N G S P E C I A L I S T. M A R K E T I N G S P O N S O R S H I P C O O R D I NAT O R . M A N A G E R , C E N T E R M A R K E T I N G . M A N A G E R , C E N T E R O P E R AT I O N S . M A N A G E R , C E N T R A L
O P E R AT I O N S . M A N A G E R , C O N S T R U C T I O N . M A N A G E R , E C O M M E R C E & M O B I L I T Y. M A N A G E R , E N G I N E E R I N G & C O N S T R U C T I O N . M A N A G E R , F I N A N C E . M A N A G E R , F I N A N C I A L A N A LY S I S . M A N A G E R , F I N A N C I A L R E P O RT I N G . M A N A G E R , F I N A N C I A L S E R V I C E S . M A N A G E R , H U M A N R E S O U R C E S I N F O R M AT I O N
T E C H N O L O G Y & C O M P E N S AT I O N . M A N A G E R , I N F R A S T R U C T U R E . M A N A G E R , I N T E R A C T I V E M A R K E T I N G . M A N A G E R , I N T E R N A L A U D I T. M A N A G E R , I T S E R V I C E & S U P P O RT. M A N A G E R , L E A S E A D M I N I S T R AT I O N . M A N A G E R , L E A S I N G S E R V I C E S . M A N A G E R , L E G A L C O N T R A C T S A D M I N I S T R AT I O N . M A N A G E R ,
M A L L M E D I A I M PA C T. M A N A G E R , N AT I O N A L S P E C I A LT Y L E A S I N G . M A N A G E R , O F F I C E S E R V I C E S . M A N A G E R , P L A N N I N G & D E S I G N . M A N A G E R , P R E - C O N S T R U C T I O N S E R V I C E S . M A N A G E R , P R O G R A M S . M A N A G E R , S H O P P I N G C E N T E R F I N A N C I A L S E R V I C E S . M A N A G E R , S P E C I A L P R O J E C T S . M A N A G E R ,
S Y S T E M S . M A N A G E R , S Y S T E M S D E V E L O P M E N T. M A N A G E R , TA X . M A N A G E R , T E N A N T C O O R D I N AT I O N A D M I N I S T R AT I O N . M A N A G E R , T E N A N T C O O R D I NAT I O N . M A R K E T I N G & S P O N S O R S H I P S P E C I A L I S T. M A R K E T I N G & S P O N S O R S H I P D I R E C T O R . M A R K E T I N G & T O U R I S M S P E C I A L I S T. N AT I O N A L
S P O N S O R S H I P L E A S I N G C O O R D I N AT I O N . O F F I C E M A N A G E R . O P E R AT I O N S A S S I S TA N T. O P E R AT I O N S C O O R D I NAT O R . O P E R AT I O N S D I R E C T O R . O W N E R ' S R E P R E S E N TAT I V E . PAY R O L L S U P E R V I S O R . P U B L I C R E L AT I O N S S P E C I A L I S T. P R E S I D E N T, TA U B M A N A S I A . P R O C U R E M E N T C O O R D I NAT O R . P R O J E C T
M A N A G E M E N T - E N T E R P R I S E . P R O J E C T A D M I N I S T R AT O R . P R O J E C T A N A LY S T I . P R O J E C T C O N T R O L S P E C I A L I S T. P R O J E C T M A N A G E R - B U S I N E S S R E L AT I O N S H I P M A N A G E R . R E A L E S TAT E A D M I N I S T R AT O R . R E A L E STAT E TA X A N A LY S T. R E C E P T I O N I S T. R E C O R D S C O O R D I NAT O R . R E C O R D S M A N A G E M E N T
C O O R D I N AT O R . R E G I O N A L D I R E C T O R , S P E C I A LT Y L E A S I N G . R E G I O N A L M A R K E T S P E C I A L I S T. R E TA I L D E S I G N M A N A G E R . S E N I O R A C C O U N TA N T. S E N I O R A N A LY S T. S E N I O R A S S I S TA NT. S E N I O R AT T O R N E Y. S E N I O R TA X A N A LY ST. S E R V I C E S U P P O RT A N A LY ST. S E R V I C E S C O O R D I N AT O R . S P E C I A LT Y L E A S I N G
A G E NT. S P E C I ALT Y L E A S I N G A D M I N I S T R AT O R . S P E C I ALT Y L E A S I N G A G E N T. S P O N S O R S H I P & C E N T E R M A R K E T I N G A D M I N I S T RAT O R . S P O N S O R S H I P C O O R D I NAT O R . S P O N S O R S H I P S P E C I A L I S T. S E N I O R A D M I N I S T R AT O R . S E N I O R B E N E F I T S S P E C I A L I S T. S E N I O R D I S B U R S E M E N T C O O R D I NAT O R . S E N I O R
E M P L O Y E E R E L AT I O N S S P E C I A L I S T. S E N I O R FA C I L I T I E S D I R E C T O R . S E N I O R F I N A N C I A L A S S I S TA N T. S E N I O R I N F R A S T R U C T U R E E N G I N E E R . S E N I O R I N V E S T O R R E L AT I O N S A N A LY S T. S E N I O R L E A S I N G M A N A G E R . S E N I O R L E A S I N G R E S E A R C H A N A LY S T. S E N I O R L E G A L A S S I S TA NT. S E N I O R L E A S I N G S E R V I C E S
C O O R D I N AT O R . S E N I O R M A R K E T R E S E A R C H A N A LY ST. S E N I O R PAY R O L L C O O R D I N AT O R . S E N I O R P R O J E C T A N A LY ST. S E N I O R R E A L E S TAT E TA X A N A LY S T. S E N I O R R E S E A R C H A N A LY ST. S E N I O R S P E C I ALT Y L E A S I N G A G E N T A S S I S TA NT. S E N I O R S P E C I ALT Y L E A S I N G A G E N T. S E N I O R S Y S T E M A N A LY ST. S E NI O R
S Y S T E M A N A LY S T - E N T E R P R I S E D ATA M A N A G E M E N T. S E N I O R S Y S T E M A N A LY S T - J D E D WA R D S . S E N I O R S Y S T E M D E V E L O P E R - E N T E R P R I S E R E S O U R C E P L A N N I N G . S E N I O R S Y S T E M S D E V E L O P E R . S E N I O R TA L E N T A C Q U I S I T I O N S P E C I A L I S T. S E N I O R T E N A N T C O O R D I NAT O R . S E N I O R , D E V E L O P M E N T M A N A G E R .
S T R AT E G Y & R E S E A R C H A N A LY S T I . S V P, C A P ITA L M A R K E T S & T R E A S URY . S VP, C E N T E R O P E R AT I O N S . S V P, C H I E F S T R AT E G Y O F F I C E R . S V P, C O N T R O L L E R & C A O . S VP, D E V E L O P M E N T. S VP, G E N E R A L C O U N S E L . S VP, L E A S I N G . S Y S T E M D E V E L O P E R . TA L E N T A C Q U I S I T I O N S P E C I A L I S T. TA X A N A LY ST. T E N A N T
C O O R D I N AT O R . T E A M L E A D , C E N T E R M A R K E T I N G . T E A M L E A D , S TA F F I N T E G R AT I O N & T R A I N I N G C O O R D I NAT O R . T O TA L R E WA R D S A N A LY ST. U T I L I T I ES A N D E N G I N E E R I N G M A N A G E M E N T A N A LY S T. V I C E C H A I R M A N , C F O . V P, A S S I S TA N T C O N T R O L L E R . V P, A S S I S TA N T G E N E R A L C O U N S E L . V P, C E N T R A L
O P E R AT I O N S . V P, C O R P O R AT E A FFA I R S & I N V E S T O R R E L AT I O N S . V P, D E V E L O P M E N T. V P, E N G I N E E R I N G & C O N S T R U C T I O N . V P, F I N A N C I A L R E P O RT IN G . V P, H U M A N R E S O U R C E S . V P, L E A S E C O M P L I A N C E . V P, L E A S I N G . V P, L E G A L C O U N S E L - A S I A . V P, P L A N N I N G & D E S I G N . V P, R E G I O N A L M A N A G E M E N T.
V P, S E N I O R C O U N S E L . V P, S P O N S O R S H I P & C E N T E R M A R K E T I N G . V P, TA X . V P, T R E A S U RY & F I N A N C I A L A N A LY S I S . A C C O U N T I N G S TA N D A R D S A N D C OM P L I A N C E S P E C I A L I S T. A D M I N I S T R AT I V E S E C R ETA RY. A D M I N I S T R AT O R . A N A LY S T. A C C O U N T S U P E R V I S O R , PA RT N E R R E LAT I O N S & C E N T E R S P O N S O R S H IP.
A S S I S TA N T. A S S I S TA N T A C C O U N TA N T. A S S I S TA N T A N A LY S T. A S S I S TA N T G E N E R A L M A N A G E R . A S S I S TA N T T O T H E C F O . A S S I S TA N T T O T H E C H A I R M A N . A S S I S TA N T T O T H E C O O . A S S I S TA N T B I L L I N G C O O R D I NAT O R . A S S I S TA N T FA C I L I T I E S S U P E R I N T E N D E N T. A S S I S TA N T L E A S E A D M I N I S T R AT O R . A S S I S TA N T
M A N A G E R , C O N T R A C T A D M I N I S T R AT I O N . A S S I S TA N T P R O J E C T C O N T R O L S P E C I A L I S T. B I L L I N G C O O R D I N AT O R . B U S I N E S S S Y S T E M S A N A LY ST. C A P I TA L I N V E S T M E N T A N A LY ST. C E N T E R & S P E C I ALT Y L E A S I N G A S S I S TA NT. C E N T E R A S S I S TA NT. C H A I R M A N , P R E S I D E N T & C E O . C H I E F E N G I N E E R . C H I E F
I N V E S T M E N T O F F I C E R . C H I E F O P E R AT I N G O F F I C E R . C H I E F T E C H N O L O G Y O F F I C E R . C L E R K . C O M P U T E R S U P P O RT A N A LY S T. C O O R D I N AT O R . C O R P O RAT E M A R K E T I N G S P E C I A L I S T. C R E D I T A D M I N I S T R AT O R . D ATA B A S E A D M I N I S T R AT O R . D E V E L O P M E N T D I R E C T O R . D E V E L O P M E N T S P E C I A L I S T. D I G I TA L P U B LI C
R E L AT I O N S S P E C I A L I S T. D I R E C T O R , C A P I TA L I N V E S T M E N T S & F I N A N C I A L P L A N N I N G . D I R E C T O R , C A P ITA L M A R K E T S . D I R E C T O R , C O R E M A N A G E M E N T. D I R E C T O R , C O R E P R O J E C T M A N A G E M E N T. D I R E C T O R , C O R P O R AT E F I N A N C I A L S E R V I C E S . D I R E C T O R , C U S T O M E R I N F O R M AT I O N . D I R E C T O R , D E S I G N &
D E V E L O P. D I R E C T O R , D E V E L O P M E N T. D I R E C T O R , D I G I TA L M A R K E T I N G . D I R E C T O R , E M P L O Y E E R E L AT I O N S . D I R E C T O R , E N G I N E E R I N G & C O N S T R U C T I O N . D I R E C T O R , E N T E R P R I S E A P P L I C AT I O N S . D I R E C T O R , F I N A N C I A L A N A LY S I S . D I R E C T O R , F I N A N C I A L R E P O RT I N G . D I R E C T O R , I N F O R M AT I O N T E C H N O L O GY.
D I R E C T O R , I N T E R N A L A U D IT. D I R E C T O R , I T I N F R A S T R U C T U R E & O P E R AT I O N S . D I R E C T O R , L E A S E A D M I N I S T R AT I O N . D I R E C T O R , L E A S E C O M P L I A N C E. D I R E C T O R , PA RT N E R M A R K E T I N G . D I R E C T O R , P L A N N I N G & D E S I G N . D I R E C T O R , P R E - C O N S T R U C T I O N S E R V I C E S . D I R E C T O R , P R O F E S S I O N A L D E V E L O P ME NT.
D I R E C T O R , P R O G R A M M A N A G E M E N T. D I R E C T O R , PA RT N E R R E L AT I O N S & C E N T E R S P O N S O R S H I P. D I R E C T O R , R E A L E S TAT E TA X . D I R E C T O R , R E V E N U E P R O G R A M S . D I R E C T O R , R I S K M A N A G E M E N T. D I R E C T O R , S H O P P I N G C E N T E R F I N A N C I A L S E R V I C E S . D I R E C T O R , S T R AT E G Y & R E S E A R C H . D I R E C T O R , TA L E N T
A C Q U I S I T I O N . D I R E C T O R , TA X C O M P L I A N C E . D I R E C T O R , TA X , R E I T & P L A N N I N G . D I R E C T O R , T E N A N T C O O R D I N AT I O N . D I R E C T O R , T OTA L R E WA R D S . D I R E C T O R , T R E A S URY . D I R E C T O R , TA U B M A N S M ART B U I L D I N G S O P E R AT I O N S . D I R E C T O R , U T I L I T I E S & E N E R G Y M A N A G E M E N T. D I R E C T O R , L E A S I N G .
D I S B U R S E M E N T C O O R D I N AT O R . E X E C U T I V E A D M I N I S T R AT O R . E X E C U T I V E A S S I S TA N T. FA C I L I T I E S A D M I N I S T R AT I O N C O O R D I N AT O R . FA C I L I T I E S D I R E C T O R . FA C I L I T I E S M A I N T E N A N C E . FA C I L I T I E S M A N A G E R . FA C I L I T I E S S U P E R I N T E N D E NT. F I N A N C I A L A S S I S TA NT. F I N A N C I A L C O N T R O L L E R . G E N E R A L
M A I N T E N A N C E . G E N E R A L M A N A G E M E N T A S S I S TA NT. G E N E R A L M A N A G E R . G R O U P D I R E C T O R , T E N A N T C O O R D I NAT I O N . G R O U P V I C E P R E S I D E NT, L E A S I N G . H U M A N R E S O U R C E S I N F O R M AT I O N T E C H N O L O G Y A N A LY ST. H U M A N R E S O U R C E S A S S O C I AT E . H U M A N R E S O U R C E S D I R E C T O R . H VA C T E C H N I C I A N .
I M A G I N G C O O R D I NAT O R . I N F R A S T R U C T U R E E N G I N E E R . I N T E R N . I T S U P P O RT E N G I N E E R . L E A S E A D M I N I S T R AT O R . L E A S I N G A G E N T I . L E A S I N G A G E N T I I . L E A S I N G A G E N T I I I . L E A S I N G AT T O R N E Y. L E A S I N G M A N A G E R . L E A S I N G S E R V I C E S A S S O C I AT E . L E A S I N G S E R V I C E S M A N A G E R . L E G A L A S S I S TA NT.
L E A S I N G S E R V I C E S C O O R D I N AT O R . M A I N T E N A N C E T E C H N I C I A N . M A N A G E M E N T A S S I S TA N T. M A N A G E R , C O N S T R U C T I O N . M A N A G I N G AT T O R N E Y. M A N A G I N G D I R E C T O R O F C H I N A . M A R K E T I N G & T O U R I S M C O O R D I NAT O R . M A R K E T I N G A S S I S TA NT. M A R K E T I N G C O N S ULT A NT. M A R K E T I N G C O O R D I NAT O R .
M A R K E T I N G M A N A G E R . M A R K E T I N G S P E C I A L I ST. M A R K E T I N G S P O N S O R S H I P C O O R D I N AT O R . M A N A G E R , C E N T E R M A R K E T I N G . M A N A G E R , C E N T E R O P E RAT I O N S . M A N A G E R , C E N T R A L O P E R AT I O N S . M A N A G E R , C O N S T R U C T I O N . M A N A G E R , E C O M M E R C E & M O B I L I TY. M A N A G E R , E N G I N E E R I N G &
C O N S T R U C T I O N . M A N A G E R , F I N A N C E . M A N A G E R , F I N A N C I A L A N A LY S I S . M A N A G E R , F I N A N C I A L R E P O RT I N G . M A N A G E R , F I N A N C I A L S E R V I C E S . M A N A G ER , H U M A N R E S O U R C E S I N F O R M AT I O N T E C H N O L O G Y & C O M P E N S AT I O N . M A N A G E R , I N F R A S T R U C T U R E . M A N A G E R , I N T E R A C T I V E M A R K E T I N G .
M A N A G E R , I N T E R N A L A U D IT. M A N A G E R , I T S E R V I C E & S U P P O RT. M A N A G E R , L E A S E A D M I N I S T R AT I O N . M A N A G E R , L E A S I N G S E R V I C E S . M A N A G E R , L E G A L C O N T R A C T S A D M I N I S T R AT I O N . M A N A G E R , M A L L M E D I A I MPA C T. M A N A G E R , N AT I O N A L S P E C I ALT Y L E A S I N G . M A N A G E R , O F F I C E S E R V I C E S . M A N A G E R ,
P L A N N I N G & D E S I G N . M A N A G E R , P R E - C O N S T R U C T I O N S E R V I C E S . M A N A G E R , P R O G R A M S . M A N A G E R , S H O P P I N G C E N T E R F I N A N C I A L S E R V I C E S . M A N A G E R , S P E C I A L P R O J E C T S . M A N A G E R , S Y S T E M S . M A N A G E R , S Y S T E M S D E V E L O P M E N T. M A N A G E R , TA X . M A N A G E R , T E N A N T C O O R D I NAT I O N A D M I N I S T R A-
T I O N . M A N A G E R , T E N A N T C O O R D I N AT I O N . M A R K E T I N G & S P O N S O R S H I P S P E C I A L I S T. M A R K E T I N G & S P O N S O R S H I P D I R E C T O R . M A R K E T I N G & T O U R I S M S PE C I A L I S T. N AT I O N A L S P O N S O R S H I P L E A S I N G C O O R D I NAT I O N . O F F I C E M A N A G E R . O P E R AT I O N S A S S I S TA NT. O P E R AT I O N S C O O R D I N AT O R .
O P E R AT I O N S D I R E C T O R . O W N E R ' S R E P R E S E N TAT I V E . PAY R O L L S U P E R V I S O R . P U B L I C R E L AT I O N S S P E C I A L I S T. P R E S I D E N T, TA U B M A N A S I A . P R O C U R E M E N T C O O R D I N AT O R . P R O J E C T M A N A G E M E N T - E N T E R P R I S E . P R O J E C T A D M I N I S T R AT O R . P R O J E C T A N A LY S T I . P R O J E C T C O N T R O L S P E C I A L I S T. P R O J E C T
M A N A G E R - B U S I N E S S R E LAT I O N S H I P M A N A G E R . R E A L E STAT E A D M I N I S T RAT O R . R E A L E S TAT E TA X A N A LY ST. R E C E P T I O N I S T. R E C O R D S C O O R D I N AT O R . R E C O R D S M A N A G E M E N T C O O R D I N AT O R . R E G I O N A L D I R E C T O R , S P E C I A LT Y L E A S I N G . R E G I O N A L M A R K E T S P E C I A L I S T. R E TA I L D E S I G N M A N A G E R . S E N IO R
A C C O U N TA N T. S E N I O R A N A LY ST. S E N I O R A S S I S TA N T. S E N I O R AT T O R N E Y. S E N I O R TA X A N ALY S T. S E R V I C E S U P P O RT A N A LY S T. S E R V I C E S C O O R D I NAT O R . S P E C I ALT Y L E A S I N G A G E N T. S P E C I ALT Y L E A S I N G A D M I N I S T R AT O R . S P E C I ALT Y L E A S I N G A G E N T. S P O N S O R S H I P & C E N T E R M A R K E T I N G A D M I N I S T R AT O R .
S P O N S O R S H I P C O O R D I N AT O R . S P O N S O R S H I P S P E C I A L I S T. S E N I O R A D M I N I S T R AT O R . S E N I O R B E N E F I T S S P E C I A L I ST. S E N I O R D I S B U R S E M E N T C O O R D I NA T O R . S E N I O R E M P L O Y E E R E LAT I O N S S P E C I A L I S T. S E N I O R FA C I L I T I E S D I R E C T O R . S E N I O R F I N A N C I A L A S S I S TA NT. S E N I O R I N F R A S T R U C T U R E E N G I NE E R .
S E N I O R I N V E S T O R R E L AT I O N S A N A LY S T. S E N I O R L E A S I N G M A N A G E R . S E N I O R L E A S I N G R E S E A R C H A N A LY ST. S E N I O R L E G A L A S S I S TA NT. S E N I O R L E A S I N G S E R V I C E S C O O R D I N AT O R . S E N I O R M A R K E T R E S E A R C H A N A LY ST. S E N I O R PAY R O L L C O O R D I NAT O R . S E N I O R P R O J E C T A N A LY S T. S E N I O R R E A L E STAT E
TA X A N A LY ST. S E N I O R R E S E A R C H A N A LY S T. S E N I O R S P E C I A LT Y L E A S I N G A G E N T A S S I S TA NT. S E N I O R S P E C I A LT Y L E A S I N G A G E NT. S E N I O R S Y S T E M A N A LY ST. S E N I O R S Y S T E M A N A LY S T - E N T E R P R I S E D ATA M A N A G E M E N T. S E N I O R S Y S T E M A N A LY S T - J D E DWA R D S . S E N I O R S Y S T E M D E V E L O P E R - E N T E RP R I S E
R E S O U R C E P L A N N I N G . S E N I O R S Y S T E M S D E V E L O P E R . S E N I O R TA L E N T A C Q U I S I T I O N S P E C I A L I S T. S E N I O R T E N A N T C O O R D I N AT O R . S E N I O R , D E V E L O P M E N T M A N A G E R . S T R AT E G Y & R E S E A R C H A N A LY S T I . S VP, C A P ITA L M A R K E T S & T R E A S URY . S VP, C E N T E R O P E R AT I O N S . S VP, C H I E F S T R AT E G Y O F F I C E R . S VP,
C O N T R O L L E R & C A O . S V P, D E V E L O P M E N T. S V P, G E N E R A L C O U N S E L . S V P, L E A S I N G . S Y S T E M D E V E L O P E R . TA L E N T A C Q U I S I T I O N S P E C I A L I S T. TA X A N A LY ST. T E N A N T C O O R D I N AT O R . T E A M L E A D , C E N T E R M A R K E T I N G . T E A M L E A D , S TA F F I N T E G R AT I O N & T R A I N I N G C O O R D I N AT O R . T OTA L R E WA R D S A N A LY ST.
U T I L I T I E S A N D E N G I N E E R I N G M A N A G E M E N T A N A LY S T. V I C E C H A I R M A N , C F O . V P, A S S I S TA N T C O N T R O L L E R . V P, A S S I S TA N T G E N E R A L C O U N S E L . V P, C E N T R A L O P E R AT I O N S . V P, C O R P O R AT E A FFA I R S & I N V E S T O R R E L AT I O N S . V P, D E V E L O P M E N T. V P, E N G I N E E R I N G & C O N S T R U C T I O N . V P, F I N A N C I A L
R E P ORT I N G . V P, H U M A N R E S O U R C E S . V P, L E A S E C O M P L I A N C E . V P, L E A S I N G . V P, L E G A L C O U N S E L - A S I A . V P, P L A N N I N G & D E S I G N . V P, R E G I O NA L M A N A G E M E N T. V P, S E N I O R C O U N S E L . V P, S P O N S O R S H I P & C E N T E R M A R K E T I N G . V P, TA X . V P, T R E A S URY & F I N A N C I A L A N A LY S I S . A C C O U N T I N G S TA N D A R D S
A N D C O M P L I A N C E S P E C I A L I S T. A D M I N I S T R AT I V E S E C R ETA RY. A D M I N I S T R AT O R . A N A LY S T. A C C O U N T S U P E R V I S O R , PA RT N E R R E L AT I O N S & C E N T E R S P O N S O R S H IP. A S S I S TA NT. A S S I S TA N T A C C O U NTA N T. A S S I S TA N T A N A LY ST. A S S I S TA N T G E N E R A L M A N A G E R . A S S I S TA N T T O T H E C F O . A S S I S TA N T T O T H E
C H A I R M A N . A S S I S TA N T T O T H E C O O . A S S I S TA N T B I L L I N G C O O R D I N AT O R . A S S I S TA N T FA C I L I T I E S S U P E R I N T E N D E NT. A S S I S TA N T L E A S E A D M I N I S T R AT O R . A S S I S TA N T M A N A G E R , C O N T R A C T A D M I N I S T RAT I O N . A S S I S TA N T P R O J E C T C O N T R O L S P E C I A L I S T. B I L L I N G C O O R D I NAT O R . B U S I N E S S S Y S T E M S A NA LY S T.
C A P I TA L I N V E S T M E N T A N A LY ST. C E N T E R & S P E C I A LT Y L E A S I N G A S S I S TA NT. C E N T E R A S S I S TA NT. C H A I R M A N , P R E S I D E N T & C E O . C H I E F E N G I N E E R . C H I E F I N V E S T M E N T O F F I C E R . C H I E F O P E R AT I N G O F F I C E R . C H I E F T E C H N O L O G Y O F F I C E R . C L E R K . C O M P U T E R S U P P O RT A N A LY S T. C O O R D I N AT O R . C O R P O R AT E
M A R K E T I N G S P E C I A L I S T. C R E D I T A D M I N I S T R AT O R . D ATA B A S E A D M I N I S T R AT O R . D E V E L O P M E N T D I R E C T O R . D E V E L O P M E N T S P E C I A L I ST. D I G ITA L P U B LI C R E L AT I O N S S P E C I A L I S T. D I R E C T O R , C A P ITA L I N V E S T M E N T S & F I N A N C I A L P L A N N I N G . D I R E C T O R , C A P ITA L M A R K E T S . D I R E C T O R , C O R E M A N A G E M E NT.
D I R E C T O R , C O R E P R O J E C T M A N A G E M E N T. D I R E C T O R , C O R P O R AT E F I N A N C I A L S E R V I C E S . D I R E C T O R , C U S T O M E R I N F O R M AT I O N . D I R E C T O R , D E S I G N & D E V E L O P. D I R E C T O R , D E V E L O P M E N T. D I R E C T O R , D I G I TA L M A R K E T I N G . D I R E C T O R , E M P L O Y E E R E L AT I O N S . D I R E C T O R , E N G I N E E R I N G & C O N S T R U C T I O N .
D I R E C T O R , E N T E R P R I S E A P P L I CAT I O N S . D I R E C T O R , F I N A N C I A L A N A LY S I S . D I R E C T O R , F I N A N C I A L R E P O RT I N G . D I R E C T O R , I N F O R M AT I O N T E C H N O L O GY. D I R E C T O R , I N T E R N A L A U D I T. D I R E C T O R , I T I N F R A S T R U C T U R E & O P E R AT I O N S . D I R E C T O R , L E A S E A D M I N I S T RAT I O N . D I R E C T O R , L E A S E C O M P L I A N C E .
D I R E C T O R , PA RT N E R M A R K E T I N G . D I R E C T O R , P L A N N I N G & D E S I G N . D I R E C T O R , P R E - C O N S T R U C T I O N S E R V I C E S . D I R E C T O R , P R O F E S S I O N A L D E V E L O P M E N T. D I R E C T O R , P R O G R A M M A N A G E M E NT. D I R E C T O R , PA RT N E R R E L AT I O N S & C E N T E R S P O N S O R S H IP. D I R E C T O R , R E A L E STAT E TA X . D I R E C T O R , R E V E N U E
P R O G R A M S . D I R E C T O R , R I S K M A N A G E M E NT. D I R E C T O R , S H O P P I N G C E N T E R F I N A N C I A L S E R V I C E S . D I R E C T O R , S T RAT E G Y & R E S E A R C H . D I R E C T O R , TA L E N T A C Q U I S I T I O N . D I R E C T O R , TA X C O M P L I A N C E . D I R E C T O R , TA X , R E I T & P L A N N I N G . D I R E C T O R , T E N A N T C O O R D I NAT I O N . D I R E C T O R , T OTA L R E WA R D S .
D I R E C T O R , T R E A S URY . D I R E C T O R , TA U B M A N S M A RT B U I L D I N G S O P E R AT I O N S . D I R E C T O R , U T I L I T I E S & E N E R G Y M A N A G E M E NT. D I R E C T O R , L E A S I N G . D I S B U R S E M E N T C O O R D I N AT O R . E X E C U T I V E A D M I N I S T R AT O R . E X E C U T I V E A S S I S TA NT. FA C I L I T I E S A D M I N I S T RAT I O N C O O R D I N AT O R . FA C I L I T I E S D I R E C T O R .
FA C I L I T I E S M A I N T E N A N C E . FA C I L I T I E S M A N A G E R . FA C I L I T I E S S U P E R I N T E N D E N T. F I N A N C I A L A S S I S TA NT. F I N A N C I A L C O N T R O L L E R . G E N E R A L M A I N T E N A N C E . G E N E R A L M A N A G E M E N T A S S I S TA NT. G E N E R A L M A N A G E R . G R O U P D I R E C T O R , T E N A N T C O O R D I NAT I O N . G R O U P V I C E P R E S I D E N T, L E A S I N G . H U M A N
R E S O U R C E S I N F O R M AT I O N T E C H N O L O G Y A N A LY S T. H U M A N R E S O U R C E S A S S O C IAT E . H U M A N R E S O U R C E S D I R E C T O R . H VA C T E C H N I C I A N . I M A G I N G C O O R D I NA T O R . I N F R A S T R U C T U R E E N G I N E E R . I N T E R N . I T S U P P O RT E N G I N E E R . L E A S E A D M I N I S T RAT O R . L E A S I N G A G E N T I . L E A S I N G A G E N T I I . L E A S I N G
A G E N T I I I . L E A S I N G AT T O R N E Y. L E A S I N G M A N A G E R . L E A S I N G S E R V I C E S A S S O C IAT E . L E A S I N G S E R V I C E S M A N A G E R . L E G A L A S S I S TA N T. L E A S I N G S ER V I C E S C O O R D I N AT O R . M A I N T E N A N C E T E C H N I C I A N . M A N A G E M E N T A S S I S TA NT. M A N A G E R , C O N S T R U C T I O N . M A N A G I N G AT T O R N E Y. M A N A G I N G
D I R E C T O R O F C H I N A . M A R K E T I N G & T O U R I S M C O O R D I NAT O R . M A R K E T I N G A S S I S TA N T. M A R K E T I N G C O N S ULT A N T. M A R K E T I N G C O O R D I NAT O R . M A R K E T I N G M A N A G E R . M A R K E T I N G S P E C I A L I S T. M A R K E T I N G S P O N S O R S H I P C O O R D I N AT O R . M A N A G E R , C E N T E R M A R K E T I N G . M A N A G E R , C E N T E R
O P E R AT I O N S . M A N A G E R , C E N T R A L O P E R AT I O N S . M A N A G E R , C O N S T R U C T I O N . M A N A G E R , E C O M M E R C E & M O B I L I T Y. M A N A G E R , E N G I N E E R I N G & C O N S T R U C TI O N . M A N A G E R , F I N A N C E . M A N A G E R , F I N A N C I A L A N A LY S I S . M A N A G E R , F I N A N C I A L R E P O RT I N G . M A N A G E R , F I N A N C I A L S E R V I C E S . M A N A G E R ,
H U M A N R E S O U R C E S I N F O R M AT I O N T E C H N O L O G Y & C O M P E N S AT I O N . M A N A G E R , I N F R A S T R U C T U R E . M A N A G E R , I N T E R A C T I V E M A R K E T I N G . M A N A G E R , I N T E R N A L A U D IT. M A N A G E R , I T S E R V I C E & S U P P O RT. M A N A G E R , L E A S E A D M I N I S T RAT I O N . M A N A G E R , L E A S I N G S E R V I C E S . M A N A G E R , L E G A L
C O N T R A C T S A D M I N I S T R AT I O N . M A N A G E R , M A L L M E D I A I MPA C T. M A N A G E R , N AT I O N A L S P E C I ALT Y L E A S I N G . M A N A G E R , O F F I C E S E R V I C E S . M A N A G E R , P L A N N I N G & D E S I G N . M A N A G E R , P R E - C O N S T R U C T I O N S E R V I C E S . M A N A G E R , P R O G R A M S . M A N A G E R , S H O P P I N G C E N T E R F I N A N C I A L S E R V I C E S .
M A N A G E R , S P E C I A L P R O J E C T S . M A N A G E R , S Y S T E M S . M A N A G E R , S Y S T E M S D E V E L O P M E N T. M A N A G E R , TA X . M A N A G E R , T E N A N T C O O R D I N AT I O N A D M I N I S T R AT I O N . M A N A G E R , T E N A N T C O O R D I N AT I O N . M A R K E T I N G & S P O N S O R S H I P S P E C I A L I S T. M A R K E T I N G & S P O N S O R S H I P D I R E C T O R . M A R K E T I N G &
T O U R I S M S P E C I A L I S T. N AT I O N A L S P O N S O R S H I P L E A S I N G C O O R D I N AT I O N . O F F I C E M A N A G E R . O P E R AT I O N S A S S I S TA NT. O P E R AT I O N S C O O R D I N AT O R . O PE R AT I O N S D I R E C T O R . O W N E R ' S R E P R E S E N TAT I V E . PAY R O L L S U P E R V I S O R . P U B L I C R E L AT I O N S S P E C I A L I S T. P R E S I D E N T, TA U B M A N A S I A . P R O C U R E M E N T
C O O R D I N AT O R . P R O J E C T M A N A G E M E N T - E N T E R P R I S E . P R O J E C T A D M I N I S T R AT O R . P R O J E C T A N A LY S T I . P R O J E C T C O N T R O L S P E C I A L I S T. P R O J E C T M A N A G E R - B U S I N E S S R E L AT I O N S H I P M A N A G E R . R E A L E S TAT E A D M I N I S T RAT O R . R E A L E STAT E TA X A N A LY S T. R E C E P T I O N I S T. R E C O R D S C O O R D I NAT O R .
R E C O R D S M A N A G E M E N T C O O R D I N AT O R . R E G I O N A L D I R E C T O R , S P E C I A LT Y L E A S I N G . R E G I O N A L M A R K E T S P E C I A L I S T. R E TA I L D E S I G N M A N A G E R . S E N I O R A C C O U NTA N T. S E N I O R A N A LY S T. S E N I O R A S S I S TA NT. S E N I O R AT T O R N E Y. S E N I O R TA X A N A LY ST. S E R V I C E S U P P O RT A N A LY S T. S E R V I C E S C O O R D I N A-
T O R . S P E C I A LT Y L E A S I N G A G E N T. S P E C I ALT Y L E A S I N G A D M I N I S T R AT O R . S P E C I A LT Y L E A S I N G A G E NT. S P O N S O R S H I P & C E N T E R M A R K E T I N G A D M I N I S T RAT O R . S P O N S O R S H I P C O O R D I N AT O R . S P O N S O R S H I P S P E C I A L I S T. S E N I O R A D M I N I S T R AT O R . S E N I O R B E N E F I T S S P E C I A L I S T. S E N I O R D I S B U R S E M E N T
C O O R D I N AT O R . S E N I O R E M P L O Y E E R E L AT I O N S S P E C I A L I S T. S E N I O R FA C I L I T I E S D I R E C T O R . S E N I O R F I N A N C I A L A S S I S TA NT. S E N I O R I N F R A S T R U C T U R E E N G I N E E R . S E N I O R I N V E S T O R R E L AT I O N S A N A LY S T. S E N I O R L E A S I N G M A N A G E R . S E N I O R L E A S I N G R E S E A R C H A N A LY S T. S E N I O R L E G A L A S S I S TA NT. S E N I O R
L E A S I N G S E R V I C E S C O O R D I N AT O R . S E N I O R M A R K E T R E S E A R C H A N A LY ST. S E N I O R PAY R O L L C O O R D I N AT O R . S E N I O R P R O J E C T A N A LY ST. S E N I O R R E A L E S TAT E TA X A N A LY ST. S E N I O R R E S E A R C H A N A LY ST. S E N I O R S P E C I A LT Y L E A S I N G A G E N T A S S I S TA NT. S E N I O R S P E C I ALT Y L E A S I N G A G E N T. S E N I O R S Y S T E M
A N A LY S T. S E N I O R S Y S T E M A N A LY S T - E N T E R P R I S E D ATA M A N A G E M E N T. S E N I O R S Y S T E M A N A LY S T - J D E D WA R D S . S E N I O R S Y S T E M D E V E L O P E R - E N T E R P R I S E R E S O U R C E P L A N N I N G . S E N I O R S Y S T E M S D E V E L O P E R . S E N I O R TA L E N T A C Q U I S I T I O N S P E C I A L I S T. S E N I O R T E N A N T C O O R D I NAT O R . S E N I O R ,
D E V E L O P M E N T M A N A G E R . S T R AT E G Y & R E S E A R C H A N A LY S T I . S V P, C A P ITA L M A R K E T S & T R E A S U RY. S VP, C E N T E R O P E R AT I O N S . S VP, C H I E F S T R AT E G Y O F F I C E R . S VP, C O N T R O L L E R & C A O . S VP, D E V E L O P M E NT. S VP, G E N E R A L C O U N S E L . S VP, L E A S I N G . S Y S T E M D E V E L O P E R . TA L E N T A C Q U I S I T I O N S P E C I A L I S T.
PAGE 4 TAUBMAN CENTERS, INC.
Taubman Centers creates extraordinary retail environments
for communities, shoppers, merchants, and investors. Our
portfolio of regional and super-regional malls, located in
major markets from coast to coast, is the most productive
in the publicly held U.S. regional mall industry. We delight
customers and build shareholder value through the intensive
management of our existing properties, acquisitions, and the
highly selective development of new shopping destinations.
PAGE 5
PAGE 6 TAUBMAN CENTERS, INC.
A LETTER FROM
ROBERT S. TAUBMAN
Chairman of the Board,
President & Chief Executive Officer
With the most productive portfolio of shopping centers in the
U.S. publicly traded regional mall industry, Taubman Centers
is understandably valued for the extraordinary quality of our
properties. But what equally differentiates us is the quality of
our people. Their daily attention to the thousands of details and
decisions that build asset value is what truly defines us. Every day.
Increasing long-term asset value has been at the core of our business strategy since
our founding in 1950, 64 years ago. That commitment continues to be advanced
day by day through the insights and actions of hundreds of professionals in
the U.S. and Asia working in such critical areas as leasing, center management,
development, engineering, human resources, finance, information technology,
marketing, architecture, planning and design.
In this report we introduce Taubman employees representing a number of our core
competencies. They discuss some of the ways, large and small, they and their teams
contribute to our company’s performance.
RECORD-SETTING SALES PER SQUARE FOOT
A shopping center’s tenant sales per square foot is the best indicator of a property’s
strength, and our portfolio has led the industry in this metric every year since we went
public in 1992.
In 2013, comparable mall tenant sales per square foot in our shopping centers reached
$721. This is yet another record for both the company and the publicly held U.S.
regional mall industry.
PAGE 7
PAGE 7
508
480
450
420
390
360
330
300
270
240
210
180
150
120
90
60
30
529
510
480
450
420
390
360
330
300
270
240
210
180
150
120
90
60
30
555
510
480
450
420
390
360
330
300
270
240
210
180
150
120
90
60
30
533
510
480
450
420
390
360
330
300
270
240
210
180
150
120
90
60
30
502
480
450
420
390
360
330
300
270
240
210
180
150
120
90
60
30
564
540
510
480
450
420
390
360
330
300
270
240
210
180
150
120
90
60
30
708
660
630
600
570
540
510
480
450
420
390
360
330
300
270
240
210
180
150
120
90
60
30
721
690
660
630
600
570
540
510
480
450
420
390
360
330
300
270
240
210
180
150
120
90
60
30
641
600
570
540
510
480
450
420
390
360
330
300
270
240
210
180
150
120
90
60
30
2005
2006
2007
2008
2009
2010
2011
2012
2013
466
420
390
360
330
300
270
240
210
180
150
120
90
60
30
2004
TENANT SALES PER SQUARE FOOT(1)
Tenant sales per square foot is the most important measure of
the quality of regional mall assets. In 2013, comparable mall
tenant sales per square foot in Taubman shopping centers
reached $721, representing another record for the company
and for the U.S. publicly held regional mall industry.
(1) See Notes and Reconciliations page at the end of this report for
properties included and excluded.
In this omni-channel world, the best retailers touch their customers seamlessly,
whether on-line, through catalogs, direct mail, or brick and mortar. They don’t
care how or where they sell their products to their customers – only that they’re the
ones making the sale. They also recognize – and covet – brick and mortar as a key
distribution platform and branding tool, integral to serving and connecting with
their customers.
With dominant assets in nearly all our markets, we are extremely well positioned in this
evolving retail environment. Our high quality regional malls enable omni-channel
retailers to holistically present their brands, create experiences that inspire customers,
and continuously foster levels of social interaction. Employees throughout our company,
from customer information and center operations, to leasing and planning and design,
are focused on understanding and responding to changing retailer strategies and the
shifts in shopping behaviors driven by evolving technologies. We also believe that,
over time, these new technologies will create opportunities for new income streams.
STRONG PERFORMANCE METRICS
With increasing sales productivity, demand for space in our centers remained strong
in 2013, with average rent per square increasing 4.5 percent to $48.52. Leased
space in comparable centers for the portfolio was 93.6 percent on December 31,
2013. Ending occupancy at comparable centers, including temporary tenants, was
a strong 96.3 percent. A large part of this success can be attributed to our leasing
professionals, who with a retailer’s mentality, help us merchandise our centers for
optimal performance.
Increasing sales drove stronger rents, which produced steady growth in our portfolio’s
income stream. Net Operating Income (NOI) excluding lease cancellation income
was up 3.4 percent over 2012. Adjusted Funds from Operations (FFO) per share
increased 9.3 percent.
PAGE 8 TAUBMAN CENTERS, INC.
ADJUSTED FUNDS FROM OPERATIONS /
DIVIDENDS PER SHARE ($)
Adjusted FFO per share
Dividends per share
Over the last 10 years, Adjusted Funds from Operations per
share has grown 69% – a compounded annual growth
rate of 6%. This consistent, steady growth in earnings has
allowed Taubman Centers to regularly reward our sharehold-
ers with a growing dividend. In 2013, the dividend was
increased to $2 per share, the sixteenth increase since the
company went public in 1992. Over the last 10 years,
Dividends per share has grown 82% – a compounded
annual growth rate of 6.9%.
(1) Excludes special dividend of $0.1834 per share paid in
December, 2010.
(2) The annualized amount of the first quarter 2014 regular
dividend is $2.16.
2.88
2.60
2.40
2.20
2.00
1.80
1.60
1.54
1.40
1.20
1.00
0.80
0.60
0.40
0.20
2.65
2.40
2.20
2.00
1.80
1.60
1.40
1.29
1.20
1.00
0.80
0.60
0.40
0.20
3.08
2.80
2.60
2.40
2.20
2.00
1.80
1.66
1.60
1.40
1.20
1.00
0.80
0.60
0.40
0.20
3.06
2.80
2.60
2.40
2.20
2.00
1.80
1.66
1.60
1.40
1.20
1.00
0.80
0.60
0.40
0.20
2.86
2.60
2.40
2.20
2.00
1.80
1.68
1.60
(1)
1.40
1.20
1.00
0.80
0.60
0.40
0.20
2.84
2.60
2.40
2.20
2.00
1.80
1.76
1.60
1.40
1.20
1.00
0.80
0.60
0.40
0.20
2.36
2.20
2.00
1.80
1.60
1.40
1.20
1.16
1.00
0.80
0.60
0.40
0.20
2.16
2.00
1.80
1.60
1.40
1.20
1.10
1.00
0.80
0.60
0.40
0.20
3.65
3.40
3.20
3.00
2.80
2.60
2.40
2.20
(2)
2.00
2.00
1.80
1.60
1.40
1.20
1.00
0.80
0.60
0.40
0.20
3.34
3.20
3.00
2.80
2.60
2.40
2.20
2.00
1.85
1.80
1.60
1.40
1.20
1.00
0.80
0.60
0.40
0.20
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
These results reflect the intensive management of our core properties by Taubman
employees operating in our centers and throughout the company. Rising rents from
new tenants and lease rollovers are the most significant elements of our organic
growth, which is further bolstered by income from innovative, non-traditional
sources such as corporate sponsorships, kiosks, and temporary tenants.
We also work to increase revenue from our existing properties through strategic
renovation, expansion, and redevelopment.
INVESTING IN THE CORE
To keep our centers fresh and dominant in their markets, we continually reinvest
in our assets. In fact, driven by the insights of our leasing, development, customer
information and planning and design teams, since 2008 we have renovated, expanded,
or built from scratch more than half of our centers.
Demonstrating this commitment, there are five redevelopment projects representing
a Taubman investment of around $265 million currently under way or scheduled to
begin in 2014.
At The Mall at Green Hills (Nashville, Tenn.) we are relocating the current Dillard’s
store and adding 170,000 square feet of mall tenant space to the center. The project
is expected to be completed in 2018. And at Cherry Creek Shopping Center (Denver,
Colo.), a three-level 53,000 square foot Restoration Hardware store is being added
along with 38,000 square feet of new mall tenant space, opening by late 2015.
A vacant parcel at Dolphin Mall (Miami, Fla.) will be utilized to add 32,000 square
feet of new restaurant space to the center by third quarter 2015. At Beverly Center
(Los Angeles, Calif.) a major renovation project will add a new 30,000 square foot
Uniqlo mini anchor, opening in late 2014, and a contemporary dining court, opening
in 2015. These new offerings will join large format XXI Forever and H&M stores
on the center’s 8th level, creating a focused destination within the center.
PAGE 9
748.0
767.2
750.0
700.0
700.0
639.1
600.0
637.5
600.0
626.4
600.0
644.9
650.0
650.0
600.0
600.0
600.0
596.8
550.0
550.0
550.0
550.0
550.0
550.0
550.0
565.4
550.0
500.0
500.0
500.0
500.0
500.0
500.0
500.0
500.0
464.9
450.0
450.0
450.0
450.0
450.0
450.0
450.0
450.0
450.0
421.7
400.0
400.0
400.0
400.0
400.0
400.0
400.0
400.0
400.0
400.0
350.0
350.0
350.0
350.0
350.0
350.0
350.0
350.0
350.0
350.0
300.0
300.0
300.0
300.0
300.0
300.0
300.0
300.0
300.0
300.0
250.0
250.0
250.0
250.0
250.0
250.0
250.0
250.0
250.0
250.0
200.0
200.0
200.0
200.0
200.0
200.0
200.0
200.0
200.0
200.0
150.0
150.0
150.0
150.0
150.0
150.0
150.0
150.0
150.0
150.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
50.0
50.0
50.0
50.0
50.0
50.0
50.0
50.0
50.0
50.0
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
TOTAL REVENUE ($ MILLIONS)(1)
Over the last decade, total consolidated revenues have
increased 82% – a compounded annual growth rate
of 6.9%.
(1) Excludes revenues from discontinued operations.
And at Sunvalley (Concord, Calif. – near San Francisco), we are creating a new food
court in existing lower-level space, to be completed by mid-2015.
From these core redevelopment projects we expect to receive a weighted average return
of 7.5 to 8 percent.
DEVELOPMENT PROJECTS MOVE FORWARD IN U.S.
Developing new centers has always been a core competency. While most of our peers
have grown through acquisitions, the primary driver of our growth has been through
development. Our development skill set, embedded in our DNA and unique in our
industry, continues to be one of our company’s most valuable strengths.
Currently scheduled to open over the next three years in the U.S. are three new
regional centers, which are under construction, and a fourth anticipated to begin
construction in 2014.
In Sarasota, Florida, we are on time and on budget at The Mall at University Town
Center. Anchored by Saks Fifth Avenue, Dillard’s and Macy’s, the center will open on
October 16, 2014 with a full complement of new-to-market stores and restaurants,
including The Capital Grille, Brio Tuscan Grille, Seasons 52, Kona Grill and The
Cheesecake Factory.
The Mall of San Juan, scheduled to open on March 26, 2015, is located in the heart
of Puerto Rico’s vibrant capital city. The center will be home to the Caribbean’s first
Saks Fifth Avenue and Nordstrom stores, addressing an untapped market in the region
for better merchandise.
The official groundbreaking for International Market Place in Honolulu, Hawaii, took
place in March of this year. Located on the “50-yard line” of Kalakaua Avenue in the
heart of Waikiki’s tourist district, this retail, dining and entertainment destination will
feature luxury-focused merchandise anchored by the only full-line Saks Fifth Avenue
store in Hawaii. The center is scheduled to open in spring 2016.
PAGE 10 TAUBMAN CENTERS, INC.
10.80
10.00
9.77
8.83
9.00
9.00
8.00
8.00
8.00
6.93
7.05
7.18
7.00
7.00
7.00
6.00
6.00
6.01
6.00
6.00
6.00
6.00
5.68
5.12
5.00
5.00
5.00
5.24
5.00
5.00
5.00
5.00
5.00
5.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
3.00
3.00
3.00
3.00
3.00
3.00
3.00
3.00
3.00
3.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
TOTAL MARKET CAPITALIZATION ($ BILLIONS)
Since 2004, the company has nearly doubled its market
capitalization – from $5.1 billion to $9.8 billion – a
compound annual growth rate of 7.4 % over the
10-year period.
In addition to these three development projects, we announced in December our
involvement in The Mall at Miami Worldcenter. One of the largest mixed-use
developments in the U.S., the project is located in Miami’s central business district
with great highway access and adjacent to regional transportation hubs. The mall
will be anchored by Macy’s and Bloomingdales, and is targeted to open in late 2016.
We are delighted to be partnering with the Forbes Company – our partners in two
very successful Florida centers, Waterside Shops in Naples and The Mall at Millenia
in Orlando. They will be taking the lead in development, leasing, and management
of the center.
Throughout our history we have created significant net asset value with development.
It’s rarely smooth and tends to come in chunky cycles. Given population growth, we
believe there will be demand for, on average, about one new center a year in the U.S.
Our plan is to open, on average, about one every other year, or about half of what gets
built – but only those that meet our standards for high productivity.
THREE PROJECTS PROGRESSING IN ASIA
Given how few new centers will be built in the U.S., a decade ago we began thinking
about new opportunities to augment our growth. After studying a number of markets,
we determined that in Asia we would find partners that value our skill set and
understanding of retail, and that we could expect a significant flow of development
opportunities for us to consider. As we look at the history of U.S. mall development,
Asia is following a similar process but at a hugely accelerated rate. We believe both
China and South Korea – our focused markets – are in the early to mid-cycle of retail
development. This clearly is the time to build our platform.
Taubman Asia is now approximately 100 people strong, mirroring every discipline
in the U.S. – from construction, leasing, and operations, to all the support functions
including human resources, finance, information technology, legal, and market research.
PAGE 11
537.80
520.00
500.00
480.00
460.00
440.00
449.06
440.00
413.96
400.00
420.00
420.00
400.00
400.00
380.00
380.00
380.00
360.00
360.00
360.00
340.00
340.00
340.00
320.00
320.00
320.00
326.18
320.00
300.00
300.00
300.00
300.00
275.30
260.00
274.29
260.00
240.00
240.00
220.00
202.27
200.00
200.40
180.00
160.00
144.65
140.00
134.69
120.00
220.00
200.00
180.00
170.38
166.70
160.00
156.19
142.09
140.00
120.00
100.00
100.00
80.00
60.00
40.00
20.00
80.00
60.00
40.00
20.00
182.61
160.00
156.78
147.44
140.00
131.12
116.32
100.00
80.00
60.00
40.00
20.00
151.71
140.23
140.00
131.49
120.00
116.49
110.88
100.00
80.00
60.00
40.00
20.00
100.00
80.00
60.00
40.00
20.00
280.00
280.00
280.00
260.00
260.00
260.00
240.00
240.00
240.00
222.25
220.00
220.00
200.00
200.00
220.00
218.70
212.26
200.72
200.00
280.00
267.87
260.00
240.00
224.11
220.00
216.21
204.26
200.00
180.00
160.00
140.00
136.83
132.99
120.00
113.21
111.89
100.00
80.00
60.00
40.00
20.00
147.98
140.00
120.00
103.40
100.00
99.60
89.52
87.98
80.00
60.00
40.00
20.00
200.00
185.71
180.00
170.28
167.48
140.00
133.02
120.00
180.00
173.28
170.86
160.00
149.27
140.00
130.27
120.00
180.00
180.00
160.00
154.30
140.00
160.00
140.00
120.00
120.00
100.00
100.00
100.00
100.00
80.00
60.00
40.00
20.00
80.00
60.00
40.00
20.00
80.00
60.00
40.00
20.00
80.00
60.00
40.00
20.00
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
COMPARISON OF CUMULATIVE SHAREHOLDER RETURN
Taubman Centers, Inc.
S&P 400 MidCap Index
S&P 500 Index
MSCI US REIT Index
FTSE NAREIT Equity Retail Index
This graph sets forth the cumulative total returns on a $100 investment in each of our Common Stock, the S&P 400 MidCap Index,
the S&P 500 Index, the MSCI US REIT Index, and the FTSE NAREIT Equity Retail Index for the period December 31, 2003 through
December 31, 2013 (assuming in all cases, the reinvestment of dividends). During 2013, Taubman Centers’ stock experienced a -16.5%
total shareholder return. Over the 10-year period ended December 31, 2013, total compound annual shareholder return was 16.2%.
The company’s 10-year total shareholder return was the fifth highest of the 99 U.S REITs that have operated during this period.
PAGE 12 TAUBMAN CENTERS, INC.
There are clearly many risks in bridging distances and cultures. But we believe we have
taken a systematic approach to our business in Asia, mitigating risks wherever possible.
We are on target to open two projects in China and one in South Korea over the next
three years. In China, CityOn.Xi’an and CityOn.Zhengzhou are both being developed
in partnership with Wangfujing, one of China’s largest department stores. Both centers
are about a million square feet, are anchored by Wangfujing and are scheduled to be
completed in late 2015. In Hanam, South Korea – just outside Seoul – Hanam Union
Square will open in late 2016. The 1.7 million square foot center will be the largest
true western-style mall in Korea. We’re partnering with Shinsegae Group – one of
South Korea’s largest retailers – who will anchor the center.
Our $550 million share of these three Asia projects represents about a third of our
overall development investment.
RECYCLING CAPITAL AND STRENGTHENING THE BALANCE SHEET
During the 13 months ended January 2014, we completed $3 billion of financings
through asset sales, property refinancings, a preferred equity offering, a new term loan,
and the establishment of a new $1.1 billion unsecured line of credit.
In January 2014, asset sales totaling $729 million lowered our debt-to-market cap ratio
by over 400 basis points to less than 35%. We believe maintaining a strong balance
sheet is one of our most significant competitive advantages.
It’s long been our strategy to recycle capital for growth, minimizing our need to raise
equity. Our growth has truly been self-funding, as on a net basis, we have issued just
$300 million of common equity while more than quadrupling the size of our company
over the 21 years that we’ve been public.
PAGE 13
PAGE 13
Notwithstanding this history, and the strong returns
we’ve generated by building new centers, last year the
market voiced their concerns with both the size of our
development pipeline and our activities in Asia. So
in August, believing our share price was significantly
below our net asset value, we announced a $200
million share repurchase program.
In 2013, we purchased 787,000 shares of Taubman
Centers common stock and at December 31, 2013, we
had $148 million remaining under that authorization.
Finally, I want to take this opportunity to thank the
women and men of Taubman Centers for continuing to
set our industry’s standard for excellence and performance, recognize the outstanding
leadership of our Board of Directors, and express gratitude to our shareowners for
the continuing confidence they show in us.
Sincerely,
Robert S. Taubman
Chairman of the Board,
President & Chief Executive Officer
PAGE 14 TAUBMAN CENTERS, INC.
PAGE 14 TAUBMAN CENTERS, INC.
Every day. Across all disciplines, our company’s
talented people intensely focus on increasing the
value of our core properties and the projects
progressing through our development pipeline.
Every job description at Taubman Centers begins
with the same objective: Add value.
PAGE 15
PAGE 15
Sponsorship and
Center Marketing
Lease Administration
Human Resources
Customer Information
IVAN FRANK
Director,
Digital Marketing
“Today everything is digital.
Consumers are always ‘on,’
and our retailers want to
connect with them 24/7.
So do we. Without chasing
every shiny new thing, we’re
embracing digital opportuni-
ties strategically; confident
that new technology and
social media can help us keep
our centers as relevant and
attractive as ever to today’s
and tomorrow’s shoppers.”
MARY STOLL
Lease Administrator
“Collecting the rent certainly is
an important part of what we
do, but it’s not the only thing.
We work very closely with our
retailers and center manage-
ment teams to analyze leases,
clarify lease terms for tenants,
assist with tenant relocations,
provide input for budgeting
common area maintenance
(CAM) programs, and
generally keep the wheels
of revenue-flow turning.”
BETHANY YEAGER
Manager,
Talent Acquisition
“Ours is a performance culture,
and in helping departments fill
open positions, we focus on
recruiting experts in their fields
with a record of achievement
and growth in their careers.
Taubman Centers is a great
place to work, and as
successful as we’ve been in
doing what we do over the
last six decades, we welcome
the best new talent and value
their new ideas and energy.”
SCOTTIE LEE
Vice President,
Strategy and Research
“Our research focuses on
understanding the supply and
demand drivers in markets we
and department stores are
considering for expansion.
We know there will not be
many new shopping centers
developed in the U.S., so we
want to identify and fully vet
the few special opportunities
worthy of our time and
resources. On the strategy side,
we advise senior manage-
ment on the broader issues
facing retailers, consumers and
our company. We want to
continue to be responsive to
retailers choosing our
attractive brick and mortar
venues to be a major part of
their omni-channel marketing
and distribution strategies.”
PAGE 16 TAUBMAN CENTERS, INC.
PAGE 16 TAUBMAN CENTERS, INC.
Leasing
Central Operations
DARNELL LITTLETON
Leasing Manager
“When fine dining formats like Capital Grille, Cheesecake
Factory and Brio Tuscan Grille are present in a center,
shoppers visit more often and stay longer.”
MARLA SOKOL
Leasing Manager
“The presence of better and luxury tenants differentiates our
centers and makes the shopping experience special for
all shoppers.”
DAVID JOSEPH
Senior Vice President,
Leasing
“Our objective with every lease, in addition to negotiating
the best economic terms, is to do what’s right for the
merchandising of a center. That dual focus enhances
long-term value for our shoppers, retailers and investors.”
LEAH BOLD
Leasing Agent
“We’re looking to bring game-changing retailers into our
centers to keep them fresh and dominant in their markets.”
KEN RUONA
Vice President,
Central Operations
“In support of our on-site center
management teams, we
realize significant efficiencies
and heighten effectiveness at
all our centers through central
oversight of such functions as
national vendor management,
emergency preparedness,
facilities management, utilities
and energy management. We
are also responsible for the
training and onboarding of
new staff members at each
center, setting operational
policies and procedures
throughout our portfolio.”
PAGE 17
PAGE 17
Information
Technology
Treasury and
Financial Analysis
Development
LAURA LEFIEF
Business Relationship Manager
“In the simplest terms, our job
is to make things happen
across all departments in
the company through the
intelligent use of technology
and project management.
Working with our customers
in various functional areas,
we help answer the question,
‘Is there a better way to get
things done?’ By understand-
ing the business objective
and focusing on process flow,
we can achieve important
efficiencies of time and
money.”
MIKE CLEARY
Vice President,
Treasury and Financial Analysis
“With everything we do we’re
looking for the best return
possible for our shareowners.
All proposals for capital
spending and financings are
analyzed by our group, and
we approach acquisitions and
business-unit investments with
the same level of discipline.
Only if the projected long-term
returns make sense will we
pursue a development,
redevelopment, acquisition or
other corporate initiative.”
BILL SALLIOTTE
Development Specialist
“Redevelopment, renovation and expansion projects create
great opportunities to enhance the value of existing assets.
Our goal is to turn what may have been underperforming
space into a powerful new draw for a property.”
LEO MENDEZ
Director,
Planning and Design
“We sweat the details because they matter. The right
planning decisions upfront impact a retail property’s
performance and return on investment forever.”
MARK BEDELL
Vice President,
Engineering and Construction
“Once the vision is set for a new center or redevelopment,
our job is to deliver a project everyone can be proud
of – on time, on budget and within our company’s
best-in-industry quality standards.”
PAGE 18 TAUBMAN CENTERS, INC.
PAGE 18 TAUBMAN CENTERS, INC.
Sponsorship and
Center Marketing
Specialty Leasing
Taubman Asia
Finance
Center Management
WINNIE TSE
Financial Controller
“Since joining Taubman Asia
in 2005, I’ve been focusing
on financial analysis and
controls, helping management
make the best investment
decisions. As I’ve watched the
transfer of Taubman culture
to Asia, I strongly believe we
will be successful in China
and South Korea.”
PEGGY GRONEWOLD
Director,
Partner Relations
and Center Marketing
“Our extraordinary retail
environments create outstand-
ing opportunities for national
and local brands to interact
with their customers in unique
ways. Recognizing this appeal,
marketing and sponsorship
directors at each property
nurture and manage these
relationships for mutual
benefit. But our goal is
far more than generating
revenue, as important as that
is. Our partnership programs
enhance the shopper
experience by providing
valued amenities and
experiences consistent with
our centers’ brands.”
LORI MCGHEE
Regional Director,
Specialty Leasing
“We view our centers’ specialty
leasing programs as
incubators of new retailers.
There is great satisfaction in
finding a promising local
retailer and assisting them
from vending formats or
RMUs (retail merchandising
units) to kiosks and TILS
(temporary in-line stores),
ultimately up to permanent
in-line tenants. And with far
shorter and more flexible
lease terms, we can quickly
respond to ever-changing
consumer demand and fill
a void in a center’s merchan-
dise offerings.”
OCTAVIO ORTIZ
General Manager – University
Town Center
“Beyond a property’s location,
design and tenant mix,
shoppers appreciate a center
that is clean, safe and well lit.
They will return for amenities
that enhance the quality of
their visits. And when it comes
to making their stay enjoyable,
we’re after nothing less than
flawless execution. I’m here
in Sarasota a full year before
the grand opening of
University Town Center to
connect with this community,
establish local partnerships
and put our team together.
Getting all that right today
will jump start our success on
opening day and add value
for years to come.”
PAGE 19
PAGE 19
PORTFOLIO OF ASSETS
U.S.
CORPORATE HEADQUARTERS
Bloomfield Hills, MI
CORPORATE OFFICE
New York, NY
BEVERLY CENTER
Los Angeles, CA
beverlycenter.com
SHOPS AT CHARLESTON PLACE
Charleston, SC
(Leasing services)
charlestonplace.com/web/
ocha/shops.jsp
CHERRY CREEK SHOPPING CENTER
Denver, CO
shopcherrycreek.com
CITY CREEK CENTER
Salt Lake City, UT
shopcitycreekcenter.com
THE SHOPS AT CRYSTALS
Las Vegas, NV (Leasing services)
crystalsatcitycenter.com
DOLPHIN MALL
Miami, FL
shopdolphinmall.com
FAIR OAKS
Fairfax, VA
shopfairoaksmall.com
FAIRLANE TOWN CENTER
Dearborn, MI
shopfairlane.com
THE GARDENS ON EL PASEO
AND EL PASEO VILLAGE
Palm Desert, CA
thegardensonelpaseo.com
GREAT LAKES CROSSING OUTLETS
Auburn Hills, MI
greatlakescrossingoutlets.com
THE MALL AT GREEN HILLS
Nashville, TN
shopgreenhills.com
INTERNATIONAL MARKET PLACE
Waikiki, Honolulu, HI
shopinternational
marketplace.com
INTERNATIONAL PLAZA
Tampa, FL
shopinternationalplaza.com
MACARTHUR CENTER
Norfolk,VA
shopmacarthur.com
THE MALL AT MILLENIA
Orlando, FL
mallatmillenia.com
NORTHLAKE MALL
Charlotte, NC
shopnorthlake.com
THE MALL AT PARTRIDGE CREEK
Clinton Township, MI
shoppartridgecreek.com
THE MALL OF SAN JUAN
San Juan, Puerto Rico
themallofsanjuan.com
THE MALL AT SHORT HILLS
Short Hills, NJ
shopshorthills.com
Map Legend
Owned centers
Leasing and/or management services
Projects under construction
Unconsolidated Joint Ventures
Corporate Offices
PAGE 20 TAUBMAN CENTERS, INC.
PAGE 20 TAUBMAN CENTERS, INC.
STAMFORD TOWN CENTER
Stamford, CT
shopstamfordtowncenter.com
STONY POINT FASHION PARK
Richmond, VA
shopstonypoint.com
SUNVALLEY
Concord, CA
shopsunvalley.com
TAUBMAN PRESTIGE OUTLETS
CHESTERFIELD
Chesterfield, MO
taubmanprestigeoutlets.com
TWELVE OAKS MALL
Novi, MI
shoptwelveoaks.com
THE MALL AT UNIVERSITY
TOWN CENTER
Sarasota, FL
themallatuniversitytowncenter.com
Asia
TAUBMAN ASIA REGIONAL
HEADQUARTERS
Hong Kong
CityOn.XI’AN
Xi’an, China
CityOn.ZHENGZHOU
Zhengzhou, China
WATERSIDE SHOPS
Naples, FL
watersideshops.com
THE MALL AT WELLINGTON GREEN
Palm Beach County, FL
shopwellingtongreen.com
WESTFARMS
West Hartford, CT
shopwestfarms.com
THE SHOPS AT WILLOW BEND
Plano, TX
shopwillowbend.com
CORPORATE OFFICES
Beijing, China
Shanghai, China
Seoul, South Korea
HANAM UNION SQUARE
Hanam, South Korea
IFC MALL
Yeouido, Seoul,
South Korea
(Leasing and
management services)
ifcseoul.com
STUDIO CITY
(Retail component)
Macau, China
(Leasing, management, and
development services)
PAGE 21
PAGE 21
2013 Taubman Centers, Inc. Form 10-K
ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE
ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE
CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT
CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT
ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR.
ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR.
DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL
DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL
SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORT-
SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORT-
ING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSION-
ING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSION-
AL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT
AL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT
ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR.
ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR.
EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL
EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL
MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER.
MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER.
LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION.
LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION.
MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER
MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER
OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES
OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES
INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA
INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA
IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOP-
IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOP-
MENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS
MENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS
ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIAL-
ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIAL-
IST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNT-
IST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNT-
ANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR.
ANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR.
SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING
SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING
MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR P AYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT
MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR P AYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT
ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR
ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR
TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPE-
TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPE-
CIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CEN-
CIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CEN-
TRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL.
TRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL.
VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSIS-
VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSIS-
TANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CON-
TANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CON-
TROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER
TROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER
SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR,
SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR,
CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIREC-
CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIREC-
TOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING.
TOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING.
DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR,
DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR,
SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIREC-
SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIREC-
TOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINAN-
TOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINAN-
CIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC
CIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC
TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES
TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES
COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPE-
COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPE-
CIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS.
CIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS.
MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION.
MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION.
MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER
MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER
FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING &
FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING &
TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT
TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT
MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIREC-
MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIREC-
TOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR A CCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. S PECIALTY
TOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR A CCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. S PECIALTY
LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSIS-
LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSIS-
TANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST.
TANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST.
SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING A GENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM A NALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE
SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING A GENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM A NALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE
RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP,
RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP,
DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANA-
DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANA-
LYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP,
LYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP,
LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT
LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT
SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT
SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT
LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF
LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF
INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST.
INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST.
DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGI-
DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGI-
TAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS.
TAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS.
DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIREC-
DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIREC-
TOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR,
TOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR,
TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES
TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES
MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECH-
MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECH-
NOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING
NOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING
SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MAR-
SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MAR-
KETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER,
KETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER,
ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER,
ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER,
INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER,
INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER,
PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING &
PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING &
SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELA-
SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELA-
TIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTION-
TIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTION-
IST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES
IST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES
COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SEN-
COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SEN-
IOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR
IOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR
MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGE-
MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGE-
MENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY.
MENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY.
SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING
SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING
COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP,
COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP,
FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COM-
FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COM-
PLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO.
PLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO.
ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING
ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING
ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOP-
ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOP-
MENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFOR-
MENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFOR-
MATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, F INANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION
MATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, F INANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION
TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR,
TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR,
PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLI-
PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLI-
ANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE
ANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE
ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. F INANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT
ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. F INANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT
COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT
COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT
I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING
I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING
DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL
DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL
OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COM-
OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COM-
PENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPE-
PENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPE-
CIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER,
CIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER,
TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINA-
TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINA-
TOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS
TOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS
RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR
RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR
ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR
ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR
ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING
ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING
RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY
RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY
LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR,
LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR,
DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPE CIALIST. TAX ANALYST. TENANT
DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPE CIALIST. TAX ANALYST. TENANT
COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE
COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE
AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MAR-
AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MAR-
KETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENER-
KETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENER-
AL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING
AL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING
COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDI-
COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDI-
NATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIREC-
NATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIREC-
TOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE
TOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE
PAGE 22 TAUBMAN CENTERS, INC.
APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLAN -
APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLAN -
NING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER
NING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 10-K
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2013
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from _______________ to _______________
Commission File No. 1-11530
TAUBMAN CENTERS, INC.
(Exact name of registrant as specified in its charter)
Michigan
(State or other jurisdiction of
incorporation or organization)
200 East Long Lake Road, Suite 300,
Bloomfield Hills, Michigan
(Address of principal executive offices)
Registrant's telephone number, including area code:
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Common Stock,
$0.01 Par Value
6.5% Series J Cumulative
Redeemable Preferred Stock,
No Par Value
6.25% Series K Cumulative
Redeemable Preferred Stock,
No Par Value
38-2033632
(I.R.S. Employer Identification No.)
48304-2324
(Zip code)
(248) 258-6800
Name of each exchange
on which registered
New York Stock Exchange
New York Stock Exchange
New York Stock Exchange
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
Yes
No
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
Yes
No
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90
days.
Yes
No
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted
and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such
files).
Yes
No
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's
knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions
of "large accelerated filer", “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
Large Accelerated Filer
Smaller reporting company
Non-Accelerated Filer
Accelerated Filer
(Do not check if a smaller
reporting company)
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes
No
The aggregate market value of the 62,220,369 shares of Common Stock held by non-affiliates of the registrant as of June 30, 2013 was $4.7 billion, based upon the
closing price of $75.15 per share on the New York Stock Exchange composite tape on June 28, 2013. (For this computation, the registrant has excluded the market value
of all shares of its Common Stock held by directors of the registrant and certain other shareholders; such exclusion shall not be deemed to constitute an admission that
any such person is an "affiliate" of the registrant.) As of February 25, 2014, there were outstanding 63,127,287 shares of Common Stock.
Portions of the proxy statement for the annual shareholders meeting to be held in 2014 are incorporated by reference into Part III.
DOCUMENTS INCORPORATED BY REFERENCE
ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE
CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT
ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR.
DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL
SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORT-
ING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSION-
AL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT
ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR.
EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL
MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER.
LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION.
MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER
OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES
INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA
IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOP-
MENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS
ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIAL-
IST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNT-
ANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR.
SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING
MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR P AYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT
ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR
TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPE-
CIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CEN-
TRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL.
VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSIS-
TANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CON-
TROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER
SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR,
CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIREC-
TOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING.
DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR,
SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIREC-
TOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINAN-
CIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC
TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES
COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPE-
CIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS.
MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION.
MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER
FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING &
TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT
MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIREC-
TOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR A CCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. S PECIALTY
LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSIS-
TANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST.
SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING A GENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM A NALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE
RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP,
DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANA-
LYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP,
LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT
SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT
LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF
INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST.
DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGI-
TAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS.
DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIREC-
TOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR,
TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES
MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECH-
NOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING
SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MAR-
KETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER,
ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER,
INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER,
PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING &
SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELA-
TIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTION-
IST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES
COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SEN-
IOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR
MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGE-
MENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY.
SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING
COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP,
FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COM-
PLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO.
ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING
ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOP-
MENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFOR-
MATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, F INANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION
TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR,
PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLI-
ANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE
ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. F INANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT
COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT
I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING
DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL
OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COM-
PENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPE-
CIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER,
TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINA-
TOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS
RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR
ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR
ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING
RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY
LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR,
DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPE CIALIST. TAX ANALYST. TENANT
COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE
AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MAR-
KETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENER-
AL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING
COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDI-
NATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIREC-
TOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE
APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLAN -
NING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER
PAGE INTENTIONALLY LEFT BLANK
TAUBMAN CENTERS, INC.
TAUBMAN CENTERS, INC.
CONTENTS
Item 1.
Business
Item 1A. Risk Factors
Item 1B. Unresolved Staff Comments
Item 2.
Properties
Item 3.
Legal Proceedings
Item 4. Mine Safety Disclosures
PART I
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity
Securities
Item 6.
Selected Financial Data
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
Item 8.
Financial Statements and Supplementary Data
Item 9.
Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
Item 9A. Controls and Procedures
Item 9B. Other Information
PART III
Item 10. Directors, Executive Officers, and Corporate Governance
Item 11. Executive Compensation
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Item 13. Certain Relationships and Related Transactions, and Director Independence
Item 14. Principal Accounting Fees and Services
Item 15. Exhibits and Financial Statement Schedules
PART IV
2
11
21
21
26
26
27
30
32
66
66
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66
66
67
67
68
69
69
70
1
Item 1. BUSINESS.
PART I
The following discussion of our business contains various “forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-
looking statements represent our expectations or beliefs concerning future events. We caution that although forward-looking
statements reflect our good faith beliefs and reasonable judgment based upon current information, these statements are qualified
by important factors that could cause actual results to differ materially from those in the forward-looking statements, including
those risks, uncertainties, and factors detailed from time to time in reports filed with the SEC, and in particular those set forth
under “Risk Factors” in this Annual Report on Form 10-K. The forward-looking statements included in this report are made as of
the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements, even if new
information becomes available in the future.
The Company
Taubman Centers, Inc. (TCO) is a Michigan corporation that operates as a self-administered and self-managed real estate
investment trust (REIT). The Taubman Realty Group Limited Partnership (the Operating Partnership or TRG) is a majority-owned
partnership subsidiary of TCO that owns direct or indirect interests in all of our real estate properties. In this report, the terms
"we", "us" and "our" refer to TCO, the Operating Partnership, and/or the Operating Partnership's subsidiaries as the context may
require.
We own, lease, acquire, dispose of, develop, expand, and manage regional and super-regional shopping centers and interests
therein. Our owned portfolio as of December 31, 2013 consisted of 25 urban and suburban shopping centers in 13 states. In January
2014, we disposed of our ownership interest in Arizona Mills, our only shopping center in the state of Arizona, reducing our current
portfolio to 24 centers. The Consolidated Businesses consist of shopping centers and entities that are controlled by ownership or
contractual agreements, The Taubman Company LLC (Manager), and Taubman Properties Asia LLC and its subsidiaries (Taubman
Asia). Shopping centers owned through joint ventures that are not controlled by us but over which we have significant influence
(Unconsolidated Joint Ventures) are accounted for under the equity method. See the table on pages 22 and 23 of this report for
information regarding the centers. In January 2014, we sold a total of 49.9% of our interests in the entity that owns International
Plaza as well as certain governance rights in the center. Following the disposition, this center will be accounted for as an equity
method investment along with our other Unconsolidated Joint Ventures.
Taubman Asia, which is the platform for our expansion into China and South Korea, is headquartered in Hong Kong.
We operate as a REIT under the Internal Revenue Code of 1986, as amended (the Code). In order to satisfy the provisions of
the Code applicable to REITs, we must distribute to our shareowners at least 90% of our REIT taxable income prior to net capital
gains and meet certain other requirements. The Operating Partnership's partnership agreement provides that the Operating
Partnership will distribute, at a minimum, sufficient amounts to its partners such that our pro rata share will enable us to pay
shareowner dividends (including capital gains dividends that may be required upon the Operating Partnership's sale of an asset)
that will satisfy the REIT provisions of the Code.
Recent Developments
For a discussion of business developments that occurred in 2013, see "Management's Discussion and Analysis of Financial
Condition and Results of Operations (MD&A)."
The Shopping Center Business
There are several types of retail shopping centers, varying primarily by size and marketing strategy. Retail shopping centers
range from neighborhood centers of less than 100,000 square feet of gross leasable area (GLA) to regional and super-regional
shopping centers. Retail shopping centers in excess of 400,000 square feet of GLA are generally referred to as "regional" shopping
centers, while those centers having in excess of 800,000 square feet of GLA are generally referred to as "super-regional" shopping
centers. In this Annual Report on Form 10-K, the term "regional shopping centers" refers to both regional and super-regional
shopping centers. The term "GLA" refers to gross retail space, including anchors and mall tenant areas, and the term "Mall GLA"
refers to gross retail space, excluding anchors. The term "anchor" refers to a department store or other large retail store. The term
"mall tenants" refers to stores (other than anchors) that lease space in shopping centers.
2
Business of the Company
We are engaged in the ownership, leasing, acquisition, disposition, development, expansion, and management of regional
shopping centers and interests therein. We owned interests in 25 centers as of December 31, 2013.
The centers:
•
•
•
•
•
•
are strategically located in major metropolitan areas, many in communities that are among the most affluent in the country,
including Charlotte, Dallas, Denver, Detroit, Los Angeles, Miami, Nashville, New York City, Orlando, Salt Lake City,
San Francisco, St. Louis, Tampa, and Washington, D.C.;
range in size between 236,000 and 1.6 million square feet of GLA and between 186,000 and 666,000 square feet of Mall
GLA with an average of 1.0 million and 0.5 million square feet, respectively. The smallest center has approximately
60 stores, and the largest has over 200 stores with an average of 145 stores per center. Of the 25 centers, 18 are super-
regional shopping centers;
have approximately 3,000 stores operated by their mall tenants under approximately 850 trade names;
have 67 anchors, operating under 14 trade names;
lease approximately 94% of leased Mall GLA to national chains, including subsidiaries or divisions of Forever 21 (Forever
21, For Love 21, and XXI Forever), The Gap (Gap, Gap Kids, Baby Gap, Banana Republic, Old Navy, and others), and
Limited Brands (Bath & Body Works/White Barn Candle, Pink, Victoria's Secret, and others); and
are among the highest quality centers in the United States public regional mall industry as measured by our high portfolio
average of mall tenants' sales per square foot. In 2013, our mall tenants at comparable centers and excluding Arizona
Mills reported average sales per square foot of $721, which is a record for our Company.
The most important factor affecting the revenues generated by the centers is leasing to mall tenants (including temporary tenants
and specialty retailers), which represents approximately 90% of revenues. Anchors account for less than 10% of revenues because
many own their stores and, in general, those that lease their stores do so at rates substantially lower than those in effect for mall
tenants.
Our portfolio is concentrated in highly productive super-regional shopping centers. Of our 25 owned centers, 22 had annual
rent rolls at December 31, 2013 over $10 million. We believe that this level of productivity is indicative of the centers' strong
competitive positions and is, in significant part, attributable to our business strategy and philosophy. We believe that large shopping
centers (including regional and especially super-regional shopping centers) are the least susceptible to direct competition because
(among other reasons) anchors and large specialty retail stores do not find it economically attractive to open additional stores in
the immediate vicinity of an existing location for fear of competing with themselves. In addition to the advantage of size, we
believe that the centers' success can be attributed in part to their other physical characteristics, such as design, layout, and amenities.
3
Business Strategy And Philosophy
We believe that the regional shopping center business is not simply a real estate development business, but rather an operating
business in which a retailing approach to the on-going management and leasing of the centers is essential. Thus we:
•
•
•
•
•
offer retailers a location where they can maximize their profitability;
offer a large, diverse selection of retail stores in each center to give customers a broad selection of consumer goods and
variety of price ranges;
endeavor to increase overall mall tenants' sales by leasing space to a constantly changing mix of tenants, thereby increasing
rents;
seek to anticipate trends in the retailing industry and emphasize ongoing introductions of new retail concepts into our
centers. Due in part to this strategy, a number of successful retail trade names have opened their first mall stores in the
centers. In addition, we have brought to the centers "new to the market" retailers. We believe that the execution of this
leasing strategy is an important element in building and maintaining customer loyalty and increasing mall productivity;
and
provide innovative initiatives, including those that utilize technology and the Internet, to increase revenues, enhance the
shopping experience, build customer loyalty, and increase tenant sales. Our Taubman website program connects shoppers
to each of our individual center brands through desktop and mobile devices. We have a robust email program reaching
our most loyal customers weekly and our social media sites offer retailers and customers an immediate geo-targeted
communication vehicle.
The centers compete for retail consumer spending through diverse, in-depth presentations of predominantly fashion merchandise
in an environment intended to facilitate customer shopping. Many of our centers include stores that target high-end customers,
and such stores may also attract other retailers to come to the center. However, each center is individually merchandised in light
of the demographics of its potential customers within convenient driving distance. When necessary, we consider rebranding existing
centers in order to maximize customer loyalty, increase tenant sales, and achieve greater profitability.
Our leasing strategy involves assembling a diverse mix of mall tenants in each of the centers in order to attract customers,
thereby generating higher sales by mall tenants. High sales by mall tenants make the centers attractive to prospective tenants,
thereby increasing the rental rates that prospective tenants are willing to pay. We implement an active leasing strategy to increase
the centers' productivity and to set minimum rents at higher levels. Elements of this strategy include renegotiating existing leases
and leasing space to prospective tenants that would enhance a center's retail mix.
Since 2005, an increased number of our tenants are paying a fixed Common Area Maintenance (CAM) charge, with typically
a fixed increase over the term of the lease, rather than the traditional net lease structure where a tenant pays their share of CAM.
This allows the retailer greater predictability of their costs. While some pricing risk has shifted to the landlord, cost savings can
have a positive impact on our profitability. Approximately 78% of our tenants in 2013 (including those with gross leases or paying
a percentage of their sales) effectively pay a fixed charge for CAM. As a result there is significantly less matching of CAM income
with CAM expenditures, which can vary considerably from period to period.
4
Potential For Growth
Our principal objective is to enhance shareowner value. We seek to maximize the financial results of our core assets, while also
pursuing a growth strategy that primarily has included an active new center development program. Our internally generated funds
and distributions from operating centers and other investing activities, augmented by use of our existing revolving lines of credit,
provide resources to maintain our current operations and assets, and pay dividends. Generally, our need to access the capital
markets is limited to refinancing debt obligations at maturity and funding major capital investments. From time to time, we also
may access the equity markets or sell interests in shopping centers to raise additional funds or refinance existing obligations on a
strategic basis.
Internal Growth
As noted in “Business Strategy and Philosophy” above in detail, our core business strategy is to maintain a portfolio of properties
that deliver above-market profitable growth by providing targeted retailers with the best opportunity to do business in each market
and targeted shoppers with the best local shopping experience for their needs.
We continue to expect that over time a significant portion of our future growth will come from our existing core portfolio and
business. We have always had and will continue to have a culture of intensively managing our assets and maximizing the rents
from tenants as this is a key growth driver going forward.
Another potential element of growth over time is the strategic expansion and redevelopment of existing properties to update
and enhance their market positions by replacing or adding new anchor stores, increasing mall tenant space, or rebranding centers.
Most of the centers have been designed to accommodate expansions. Expansion projects can be as significant as new shopping
center construction in terms of scope and cost, requiring governmental and existing anchor store approvals, design and engineering
activities, including rerouting utilities, providing additional parking areas or decking, acquiring additional land, and relocating
anchors and mall tenants (all of which must take place with a minimum of disruption to existing tenants and customers).
We currently have projects underway at several of our centers that are expected to create incremental GLA:
•
In January 2014, we began a project on the 8th level of Beverly Center. The project will add a net 12,000 square feet, including
the addition of a new, 30,000 square foot mini-anchor. The mini-anchor will open by late 2014 and a new dining court will
open in 2015.
• At Cherry Creek we are adding an approximately 53,000 square foot, three-level Restoration Hardware store as a mini-
anchor, as well as about 38,000 square feet of additional in-line mall space. This expansion will occupy the former Saks
Fifth Avenue site. Demolition of the space is set to begin soon and all work is anticipated to be completed by late 2015.
• At Dolphin Mall we are planning to add approximately 32,000 square feet of new restaurant space along with an adjacent
valet area on a vacant parcel of the property. Construction is expected to commence in April 2014 and be completed by the
third quarter of 2015.
• At The Mall at Green Hills, a relocation of the current Dillard’s store and the addition of 170,000 square feet of mall tenant
area is set to begin. The project is expected to be completed in 2018.
• And finally, at Sunvalley we are converting some existing lower-level space into a food court. Construction is expected to
begin in June 2014 and be complete by the middle of 2015.
In 2011, a 25,000 square foot Crate & Barrel store opened on land previously vacated by Lord & Taylor at The Shops at Willow
Bend (Willow Bend). In 2012, a new 12,000 square foot Restoration Hardware opened next door at Willow Bend.
5
External Growth
We are focused on four areas of external growth: U.S. traditional center development, outlet centers, Asia, and acquisitions.
With growth in population, we expect that there will be demand for new centers over the next ten years. We have announced and/
or begun construction on seven shopping centers in the United States and Asia and we continue to work on and evaluate various
development possibilities for additional new centers.
• Development of New U.S. Traditional and Outlet Centers
We have developed 11 properties since 1998, or an average about one every 18 months. We are currently under construction on
two centers opening in 2014 and 2015, and have announced plans for two others with targeted openings in 2016. We expect to
continue to have sufficient opportunities to build projects at a pace, on average, of about one center every other year. We believe
that they represent a natural extension of our existing capabilities. We will target projects in markets with high barriers to entry
and require significant pre-leasing before we begin construction.
Taubman Prestige Outlets Chesterfield, a new outlet center, opened in the western-St. Louis, Missouri suburb of Chesterfield
in August 2013. We have a 100% ownership interest in the 0.3 million square foot outlet center.
City Creek Center, a mixed-use project in Salt Lake City, Utah, opened in March 2012.
In Sarasota, Florida, The Mall at University Town Center is under construction and we are funding our 50% share of the project.
The 0.9 million square foot center will be anchored by Saks Fifth Avenue, Macy's, and Dillard's, and is expected to open in October
2014.
The Mall of San Juan, part of a mixed-use development featuring a hotel/casino and retail, is also under construction in San
Juan, Puerto Rico and is expected to open in March 2015. The Caribbean's first Nordstrom and Saks Fifth Avenue will anchor the
0.7 million square foot center. We have an 80% ownership interest in the retail portion of the project.
International Market Place, a 0.4 million square foot center, is under development in Waikiki, Honolulu, Hawaii and will break
ground in early 2014. The center will be anchored by the only full-line Saks Fifth Avenue in Hawaii and is expected to open in
spring 2016. We have a 93.5% interest in the project, which is subject to a participating ground lease.
In 2013, we announced our involvement in The Mall at Miami Worldcenter, which will be developed in partnership with the
Forbes Company. We will own at least one-third of the project, and as much as one-half, depending on the participation of the
land owner. The center will be part of a mixed-use development offering a hotel, convention and entertainment space, office,
residential and retail. The 0.7 million square foot center will feature Macy's and Bloomingdale's, and is currently planned to open
in late 2016.
While we attempt to maximize external growth through the development of new centers, we also prudently manage the risks
associated with development. We generally do not acquire land early in the development process. Instead, we generally acquire
options on land or form partnerships with landowners holding potentially attractive development sites. We typically exercise the
options only once we are prepared to begin construction. The pre-construction phase for a regional center typically extends over
several years and the time to obtain anchor commitments, zoning and regulatory approvals, and public financing arrangements
can vary significantly from project to project. In addition, we generally do not begin construction until a sufficient number of
anchor stores or significant tenants have agreed to operate in the shopping center, such that we are confident that the projected
tenant sales and rents from Mall GLA are sufficient to earn a return on invested capital in excess of our cost of capital. Having
historically followed these principles, our experience indicates that, on average, less than 10% of the costs of the development of
a regional shopping center will be incurred prior to the construction period. However, no assurance can be given that we will
continue to be able to so limit pre-construction costs.
While we will continue to evaluate development projects using criteria, including financial criteria for rates of return, similar
to those employed in the past, no assurances can be given that the adherence to these criteria will produce comparable results in
the future. In addition, the costs of shopping center development opportunities that are explored but ultimately abandoned will,
to some extent, diminish the overall return on development projects taken as a whole. See "MD&A – Liquidity and Capital
Resources – Capital Spending" for further discussion of our development activities.
6
• Asia
Taubman Asia is responsible for our operations and future expansion into the Asia-Pacific region, focusing on China and South
Korea. We have pursued a strategy of seeking strategic partners to jointly develop high quality malls in our areas of focus. Taubman
Asia is engaged in projects that leverage our strong retail planning, design, and operational capabilities with our strategic partners
being responsible for acquiring and entitling the land and leading construction.
In 2012, we formed a joint venture with Beijing Wangfujing Department Store (Group) Co., Ltd (Wangfujing), one of China's
largest department store chains. The joint venture will own a 60% controlling interest in and manage an approximately 1.0 million
square foot shopping center to be located at Xi'an Saigao City Plaza, a large-scale mixed-use development in Xi'an, China. We
will beneficially own a 30% interest in CityOn.Xi'an, which is scheduled to open in late 2015.
In 2013, we formed a second joint venture with Wangfujing. This joint venture will manage and own a 65% majority interest
in CityOn.Zhengzhou, a shopping center in Zhengzhou, China. We will beneficially own a 32% interest in the 1.0 million square
foot shopping center, which is scheduled to open in late 2015.
We have also partnered with Shinsegae Group, South Korea's largest retailer to build an approximately 1.7 million square foot
shopping mall in Hanam Gyeonggi Province, South Korea. We will beneficially own a 30% interest in the the center, which is
scheduled to open in late 2016. We are considering bringing in a financial partner for as much as 50% of our share.
As part of our Asia strategy, we are looking to mitigate our operating costs through third-party contracts when possible. We
provide leasing and management services for IFC Mall in Yeouido, Seoul, South Korea. In August 2012, the 0.4 million square
foot mall opened 100% leased with over 100 stores. In 2013, we signed an agreement to provide management, leasing, and
development services for the retail portion of Studio City, a cinematically-themed integrated entertainment, retail and gaming
resort developed by Melco Crown Entertainment Limited in the Cotai region of Macau, China.
We attempt to manage risks for our Asia developments through similar means as those mentioned previously under "Development
of New U.S. Traditional and Outlet Centers", as well as pursuing initial projects that are already fully entitled with partners having
appropriate expertise in land acquisition and local regulatory issues. However, in Asia, our projects are expected to have lower
initial rates of return at stabilization than those expected in the U.S. With the high sales growth rates in that region, we generally
expect that returns on our investments are forecasted to equal those earned in the U.S. by the seventh or eighth year.
See "MD&A - Results of Operations - Taubman Asia" for further details regarding our activities in Asia.
•
Strategic Acquisitions
We expect attractive opportunities to acquire existing centers, or interests in existing centers, from other companies to continue
to be scarce and expensive. However, we continue to look for assets where we can add significant value or that would be strategic
to the rest of our portfolio. Our objective is to acquire existing centers only when they are compatible with the quality of our
portfolio (or can be redeveloped to that level). We also may acquire additional interests in centers currently in our portfolio.
In December 2012, we acquired an additional 49.9% interest in International Plaza, located in Tampa, Florida, bringing our
ownership in the shopping center to 100%. Subsequently, in January 2014 we sold a total of 49.9% of our interests in the entity
that owns the center in order to generate significant capital for our development projects.
Also in December 2012, we acquired an additional 25% interest in Waterside Shops, which brought our ownership interest in
the center to 50% on a pari passu basis with an affiliate of the Forbes Company.
In December 2011, we purchased The Mall at Green Hills in Nashville, Tennessee and The Gardens on El Paseo and El Paseo
Village in Palm Desert, California from affiliates of Davis Street Properties, LLC.
See "MD&A - Results of Operations - Acquisitions" for further details regarding the assets acquired.
7
Rental Rates
As leases have expired in the centers, we have generally been able to rent the available space, either to the existing tenant or a
new tenant, at rental rates that are higher than those of the expired leases. Generally, center revenues have increased as older leases
rolled over or were terminated early and replaced with new leases negotiated at current rental rates that were usually higher than
the average rates for existing leases. Average rent per square foot statistics reflect the contractual rental terms of the lease currently
in effect and include the impact of rental concessions. In periods of increasing sales, rents on new leases will generally tend to
rise. In periods of slower growth or declining sales, rents on new leases will grow more slowly or will decline for the opposite
reason, as tenants' expectations of future growth become less optimistic.
The following table contains certain information regarding average mall tenant minimum rent per square foot of our Consolidated
Businesses and Unconsolidated Joint Ventures at the comparable centers (centers that had been owned and open for the current
and preceding year):
Average rent per square foot:
Consolidated Businesses
Unconsolidated Joint Ventures
Combined
2013
2012
2011
2010
2009
$
48.45
$
46.86
$
45.53
$
43.63
$
48.69
48.52
45.44
46.42
44.58
45.22
43.73
43.66
43.69
44.49
43.95
See “MD&A – Rental Rates and Occupancy” for information regarding opening and closing rents per square foot for our centers.
Lease Expirations
The following table shows scheduled lease expirations for mall tenants based on information available as of December 31, 2013
for the next ten years for all owned centers in operation at that date, excluding Arizona Mills:
Tenants 10,000 square feet or less (1)
Total (1)(2)
Number of
Leases
Expiring
Leased
Area in
Square
Footage
Annualized
Base
Rent Under
Expiring
Leases
Per Square
Foot (3)
Percent of
Total Leased
Square
Footage
Represented
by Expiring
Leases
Number of
Leases
Expiring
Leased
Area in
Square
Footage
Annualized
Base
Rent Under
Expiring
Leases
Per Square
Foot (3)
Percent of
Total Leased
Square
Footage
Represented
by Expiring
Leases
232
361
327
327
257
210
156
217
271
238
$
564
933
860
835
773
603
458
586
742
670
45.33
44.05
47.68
53.51
53.44
56.22
58.72
70.58
63.41
61.05
7.6%
12.6%
11.6%
11.3%
10.4%
8.1%
6.2%
7.9%
10.0%
9.0%
238
374
337
347
277
226
172
235
300
244
680
$
1,254
1,175
1,290
1,189
1,008
812
899
1,335
753
41.84
37.76
38.57
42.55
43.27
43.05
45.44
59.04
49.36
58.82
6.0%
11.1%
10.4%
11.4%
10.5%
8.9%
7.2%
7.9%
11.8%
6.6%
Lease
Expiration
Year
2014 (4)
2015
2016
2017
2018
2019
2020
2021
2022
2023
(1) Excludes rents from temporary in-line tenants.
(2) In addition to tenants with spaces 10,000 square feet or less, includes tenants with spaces over 10,000 square feet and
value and outlet center anchors. Excludes rents from regional mall anchors and temporary in-line tenants.
(3) Weighted average of the annualized contractual rent per square foot as of the end of the reporting period.
(4) Excludes leases that expire in 2014 for which renewal leases or leases with replacement tenants have been executed as
of December 31, 2013.
8
We believe that the information in the table is not necessarily indicative of what will occur in the future because of several
factors, but principally because of early lease terminations at the centers. For example, the average remaining term of the leases
that were terminated during the period 2008 to 2013 was approximately one year. The average term of leases signed was
approximately eight years during both 2013 and 2012.
In addition, mall tenants at the centers may seek the protection of the bankruptcy laws, which could result in the termination of
such tenants' leases and thus cause a reduction in cash flow. In 2013, tenants representing 0.3% of leases filed for bankruptcy
during the year compared to 0.7% in 2012. This statistic has ranged from 0.3% to 3.9% of leases per year over the last five years.
The annual provision for losses on accounts receivable represents 0.1% of total revenues in 2013 and has ranged from 0.1% to
0.5% over the last five years.
Occupancy
Occupancy statistics include value and outlet center anchors. Comparable center statistics for 2013 exclude City Creek Center
and Taubman Prestige Outlets Chesterfield.
2013
2012
2011
2010
2009
All Centers:
Ending occupancy
Average occupancy
Leased space
Comparable Centers:
Ending occupancy
Average occupancy
Leased space
Major Tenants
90.7%
88.8
92.4
90.1%
88.8
92.0
89.8%
89.4
91.6
91.7%
90.9
93.1
92.1%
91.1
93.6
91.8%
90.3
93.4
91.8%
90.4
93.3
No single retail company represents 10% or more of our Mall GLA or revenues. The combined operations of Forever 21 accounted
for under 6% of Mall GLA as of December 31, 2013 and less than 5% of 2013 minimum rent. No other single retail company
accounted for more than 4% of Mall GLA as of December 31, 2013 or 3% of 2013 minimum rent.
The following table shows the ten mall tenants who occupy the most Mall GLA at our centers and their square footage as of
December 31, 2013:
Tenant
Forever 21 (Forever 21, For Love 21, XXI Forever)
The Gap (Gap, Gap Kids, Baby Gap, Banana Republic, Old Navy, Athleta, and others)
H&M
Limited Brands (Bath & Body Works/White Barn Candle, Pink, Victoria's Secret, and others)
Abercrombie & Fitch (Abercrombie & Fitch, Hollister, and others)
Williams-Sonoma (Williams-Sonoma, Pottery Barn, Pottery Barn Kids, and others)
Ann Taylor (Ann Taylor, Ann Taylor Loft, and others)
Foot Locker (Foot Locker, Lady Foot Locker, Champs Sports, Foot Action USA, and others)
Express (Express, Express Men)
Urban Outfitters (Anthropologie, Anthropologie Accessories, Free People, Urban Outfitters)
# of
Stores
21
52
18
49
32
28
36
40
20
21
Square
Footage
622,245
459,472
350,013
300,824
236,708
214,667
196,981
181,394
168,629
165,044
% of
Mall GLA
5.3%
3.9
3.0
2.6
2.0
1.8
1.7
1.6
1.4
1.4
9
Competition
There are numerous shopping facilities that compete with our properties in attracting retailers to lease space. We compete with
other major real estate investors with significant capital for attractive investment opportunities. See “Risk Factors” for further
details of our competitive business.
Seasonality
The regional shopping center industry is seasonal in nature, with mall tenant sales highest in the fourth quarter due to the
Christmas season, and with lesser, though still significant, sales fluctuations associated with the Easter holiday and back-to-school
period. See “MD&A – Seasonality” for further discussion.
Environmental Matters
See “Risk Factors” regarding discussion of environmental matters.
Financial Information about Geographic Areas
We have not had material revenues attributable to foreign countries in the last three years. We also do not have material long-
lived assets located in foreign countries, as our investments in Asia are accounted for as equity method investments.
Personnel
We have engaged the Manager to provide real estate management, acquisition, development, leasing, and administrative services
required by us and our properties in the United States. Taubman Asia Management Limited (TAM) and certain other affiliates
provide similar services for third parties in China and South Korea as well as Taubman Asia.
As of December 31, 2013, the Manager, TAM, and certain other affiliates had 708 full-time employees.
Available Information
The Company makes available free of charge through its website at www.taubman.com all reports it electronically files with,
or furnishes to, the Securities Exchange Commission (the “SEC”), including its Annual Report on Form 10-K, Quarterly Reports
on Form 10-Q, and Current Reports on Form 8-K, as well as any amendments to those reports, as soon as reasonably practicable
after those documents are filed with, or furnished to, the SEC. These filings are also accessible on the SEC’s website at www.sec.gov.
10
Item 1A. RISK FACTORS.
The economic performance and value of our shopping centers are dependent on many factors.
The economic performance and value of our shopping centers are dependent on various factors. Additionally, these same factors
will influence our decision whether to go forward on the development of new centers and may affect the ultimate economic
performance and value of projects under construction. Adverse changes in the economic performance and value of our shopping
centers would adversely affect our income and cash available to pay dividends.
Such factors include:
•
•
•
•
•
•
•
•
changes in the global, national, regional, and/or local economic and geopolitical climates. Changes such as the recent
global economic and financial market downturn caused or may in the future cause, among other things, a significant
tightening in the credit markets, lower levels of liquidity, increases in the rates of default and bankruptcy, lower consumer
and business spending, and lower consumer confidence and net worth;
changes in specific local economies and/or real estate conditions. These changes may have a more significant impact on
our financial performance due to the geographic concentration of some of our centers;
changes in mall tenant sales performance of our centers, which over the long term are the single most important determinant
of revenues of the shopping centers because mall tenants provide approximately 90% of these revenues and because mall
tenant sales determine the amount of rent, percentage rent, and recoverable expenses that mall tenants can afford to pay;
availability and cost of financing. While current interest rates continue to be historically low, it is uncertain how long
such rates will continue;
the public perception of the safety of customers at our shopping centers;
legal liabilities;
changes in government regulations; and
changes in real estate zoning and tax laws.
These factors may ultimately impact the valuation of certain long-lived or intangible assets that are subject to impairment testing,
potentially resulting in impairment charges, which may be material to our financial condition or results of operations. See “MD&A
– Results of Operations – Application of Critical Accounting Policies: Valuation of Shopping Centers" for additional information
regarding impairment testing.
In addition, the value and performance of our shopping centers may be adversely affected by certain other factors discussed
below including the state of the capital markets, expansion into Asia, unscheduled closings or bankruptcies of our tenants,
competition, uninsured losses, and environmental liabilities.
11
We are in a competitive business.
There are numerous shopping facilities that compete with our properties in attracting retailers to lease space. The existence of
competing shopping centers could have a material adverse impact on our ability to develop or operate shopping centers, lease
space, and on the level of rents that can be achieved. In addition, retailers at our properties face continued competition from
shopping through various means and channels, including via the Internet, lifestyle centers, outlet malls, wholesale and discount
shopping clubs, and television shopping networks. Competition of this type could adversely affect our revenues and cash available
for distribution to shareowners. Further, as new technologies emerge, the relationship among customers, retailers, and shopping
centers are evolving on a rapid basis and it is critical that we adapt to such new technologies and relationships on a timely basis.
For example, a small but increasing number of tenants utilize our shopping centers as showrooms or as part of an omni-channel
strategy (allowing customers to shop seamlessly through various sales channels). As a result, customers may make purchases
during or immediately after visiting our shopping centers, with such sales not being captured currently in our tenant sales figures
or monetized in our minimum or percentage rents.
We compete with other major real estate investors with significant capital for attractive investment opportunities. These
competitors include other REITs, investment banking firms, and private and institutional investors. This competition may impair
our ability to acquire or develop suitable properties on favorable terms in the future.
Our real estate investments are relatively illiquid.
We may be limited in our ability to vary our portfolio in response to changes in economic, market, or other conditions by
restrictions on transfer imposed by our partners or lenders. If we were unable to refinance our debt at a center, we may be required
to contribute capital to repay debt, fund capital spending, or other cash requirements. In addition, under TRG’s partnership
agreement, upon the sale of a center or TRG’s interest in a center, TRG may be required to distribute to its partners all of the cash
proceeds received by TRG from such sale. If TRG made such a distribution, the sale proceeds would not be available to finance
TRG’s activities, and the sale of a center may result in a decrease in funds generated by continuing operations and in distributions
to TRG’s partners, including us. Further, pursuant to TRG’s partnership agreement, TRG may not dispose or encumber certain of
its centers or its interest in such centers without the consent of a majority-in-interest of its partners other than us.
We may acquire or develop new properties, and these activities are subject to various risks.
We actively pursue development and acquisition activities as opportunities arise, and these activities are subject to the following
risks:
•
the pre-construction phase for a new project often extends over several years, and the time to obtain landowner, anchor, and
tenant commitments, zoning and regulatory approvals, and public financing can vary significantly from project to project;
• we may not be able to obtain the necessary zoning, governmental approvals, or anchor or tenant commitments for a
project, or we may determine that the expected return on a project is not sufficient; if we abandon our development
activities with respect to a particular project, we may incur a loss on our investment;
•
construction and other project costs may exceed our original estimates because of increases in material and labor costs,
delays, nonperformance of services by our contractors, and costs to obtain anchor and tenant commitments;
• we may not be able to obtain financing or to refinance construction loans, which are generally recourse to TRG;
• we may be obligated to contribute funding for development projects in excess of our ownership requirements if our
partners are unable or are not required to fund their ownership share;
•
•
equity markets as a source of funds may become less financially favorable as affected by our stock price as well as general
market conditions;
occupancy rates and rents, as well as occupancy costs and expenses, at a completed project or an acquired property may
not meet our projections, and the costs of development activities that we explore but ultimately abandon will, to some
extent, diminish the overall return on our completed development projects; and
•
competitive pressures in our targeted markets may negatively impact our ability to meet our initial leasing objectives.
12
We currently have multiple projects under development in the U.S. and Asia for which we will be providing development,
leasing and certain other services. Although we believe we have adequate resources and the ability to perform all responsibilities,
certain risks described above may be magnified due to the higher level of activity.
Certain of our projects under development represent the retail portion of larger mixed-use projects. As a result, there may be
certain additional risks associated with such projects, including:
•
•
•
increased time to obtain necessary permits and approvals;
increased uncertainty regarding shared infrastructure and common area costs; and
impact on sales and performance of the retail center from delays in opening of other uses and or/the performance of such
uses.
In addition, global economic and market conditions may reduce viable development and acquisition opportunities that meet our
unlevered return requirements.
Our business activities and pursuit of new opportunities in Asia may pose risks.
We have offices in Hong Kong, Seoul, Beijing, and Shanghai and we are pursuing and evaluating investment opportunities in
various South Korea and China markets. We have invested in three joint ventures to develop shopping centers in Asia and may
invest in other shopping centers in the future. We are also currently providing leasing and management services for a retail project
in Seoul, South Korea and development, leasing, and management services for a retail project in Macau. In addition to the general
risks related to development activities described in the preceding section, our international activities are subject to unique risks,
including:
•
•
•
•
•
•
•
•
•
•
•
•
adverse effects of changes in exchange rates for foreign currencies;
changes in and/or difficulties in operating in foreign political environments;
difficulties in operating with foreign vendors and joint venture and business partners;
difficulties of complying with a wide variety of foreign laws including laws affecting funding, corporate governance,
property ownership restrictions, development activities, operations, anti-corruption, taxes, and litigation;
changes in and/or difficulties in complying with applicable laws and regulations in the United States that affect foreign
operations, including the Foreign Corrupt Practices Act;
difficulties in managing international operations, including difficulties that arise from ambiguities in contracts written in
foreign languages and difficulties that arise in enforcing such contracts;
differing lending practices;
differing employment and labor issues;
obstacles to the repatriation of earnings and cash;
lower initial investment returns than those generally experienced in the U.S.;
obstacles to hiring and maintaining appropriately trained staff; and
differences in cultures including adapting practices and strategies that have been successful in the U.S. regional mall
business to retail needs and expectations in new markets.
13
In regards to foreign currency, our projects in China and South Korea will require investments and may require debt financing
denominated in foreign currencies, with the possibility that such investments will be greater than anticipated depending on changes
in exchange rates. Similarly, these projects will generate returns on or of capital in foreign currencies that could ultimately be less
than anticipated as a result of exchange rates. As part of investing in these projects, we are implementing appropriate risk
management policies and practices, which may include the hedging of foreign currency risks. We cannot provide assurance that
such policies and practices will be successful and/or that the applicable accounting for foreign currency hedges will be favorable
to any particular period's results of operations. Foreign currency hedges could be economically beneficial to us, but could have
unfavorable accounting impacts, depending on the qualification of the hedges for hedge accounting treatment.
As we expand our international activities and levels of investment, these risks could increase in significance and adversely affect
our financial returns on international projects and services and overall financial condition. We have put in place policies, practices,
and systems for mitigating some of these international risks, although we cannot provide assurance that we will be entirely successful
in doing so.
We could be subject to liability, penalties and other sanctions and other adverse consequences arising out of non-compliance with
the United States Foreign Corrupt Practices Act (FCPA) or foreign anti-corruption laws
We are subject to the FCPA, which generally prohibits United States companies from engaging in bribery or other prohibited
payments to foreign officials for the purpose of obtaining or retaining business, and which requires proper record keeping and
characterization of payments we make in our reports filed with the SEC. Although we have policies and procedures designed to
promote compliance with the FCPA and other anti-corruption laws, we cannot provide assurance that we will continue to be found
to be operating in compliance with, or be able to detect violations of, any such laws or regulations. We cannot provide assurance
that these policies and procedures will protect us from intentional, reckless or negligent acts committed by our employees, agents,
partners or others acting on our behalf. If our employees, agents, partners, or others acting on our behalf are found to have engaged
in such practices, severe penalties and other consequences could be imposed. Those penalties and consequences that may be
imposed against us or individuals in appropriate circumstances include, but are not limited to, injunctive relief, disgorgement,
fines, penalties and modifications to business practices and compliance programs. In addition, we cannot predict the nature, scope
or effect of future regulatory requirements or investigations to which our international operations might be subject, the manner in
which existing laws might be administered or interpreted, or the potential that we may face regulatory sanctions. Any of these
violations or remedial measures, if applicable to us, could have a material adverse impact on our business, reputation, results of
operations, cash flow, financial condition, liquidity, ability to make distributions to our shareholders or the value of our investments.
Foreign companies, including some that may compete with us, may not be subject to the FCPA. Accordingly, such companies
may be more likely to engage in activities prohibited by the FCPA, which could have a significant adverse impact on our returns
or our ability to compete for business in such countries.
The bankruptcy, early termination, or closing of our tenants and anchors could adversely affect us.
We could be adversely affected by the bankruptcy, early termination, or closing of tenants and anchors. The bankruptcy of a
mall tenant could result in the termination of its lease, which would lower the amount of cash generated by that mall. In addition,
if a department store operating as an anchor at one of our shopping centers were to go into bankruptcy and cease operating, we
may experience difficulty and delay, and incur significant expense, in replacing the anchor. In addition, the anchor’s closing may
lead to reduced customer traffic and lower mall tenant sales. As a result, we may also experience difficulty or delay in leasing
spaces in areas adjacent to the vacant anchor space. The early termination or closing of mall tenants or anchors for reasons other
than bankruptcy could have a similar impact on the operations of our centers, although in the case of early terminations we may
benefit in the short-term from lease cancellation income. (See “MD&A – Rental Rates and Occupancy”).
Our investments are subject to credit and market risk.
We occasionally extend credit to third parties in connection with the sale of land or other transactions. We also have occasionally
made investments in marketable and other equity securities. We are exposed to risk in the event the values of our investments and/
or our loans decrease due to overall market conditions, business failure, and/or other nonperformance by the investees or
counterparties.
14
Capital markets may limit our sources of funds for financing activities.
Our ability to access the capital markets may be restricted at a time when we would like, or need, to access those markets. This
could have an impact on our flexibility to react to changing economic and business conditions. A lack of available credit, lack of
confidence in the financial sector, increased volatility in the financial markets and reduced business activity could materially and
adversely affect our business, financial condition, results of operations and our ability to obtain and manage our liquidity. In
addition, the cost of debt financing and the proceeds may be materially adversely impacted by such market conditions. Also, our
ability to access equity markets as a source of funds may be affected by our stock price as well as general market conditions.
We are obligated to comply with financial and other covenants that could affect our operating activities.
Certain loan agreements contain various restrictive covenants, including the following corporate covenants on our unsecured
primary revolving line of credit and unsecured term loan: a minimum net worth requirement, a maximum total leverage ratio, a
maximum secured leverage ratio, a minimum fixed charge coverage ratio, a maximum recourse secured debt ratio, and a maximum
payout ratio. In addition, our primary revolving line of credit and term loan have unencumbered pool covenants, which currently
apply to Beverly Center, Dolphin Mall, Fairlane Town Center, Twelve Oaks Mall, and The Shops at Willow Bend on a combined
basis. These covenants include a minimum number and minimum value of eligible unencumbered assets, a maximum unencumbered
leverage ratio, a minimum unencumbered interest coverage ratio, and a minimum unencumbered asset occupancy ratio. The
corporate maximum secured leverage ratio is the most restrictive covenant for our primary revolving line of credit and term loan.
These covenants may restrict our ability to pursue certain business initiatives or certain transactions that might otherwise be
advantageous. In addition, failure to meet certain of these financial covenants could cause an event of default under and/or accelerate
some or all of such indebtedness which could have a material effect on us.
Our hedging interest rate protection arrangements may not effectively limit our interest rate risk exposure.
We manage our exposure to interest rate risk through a combination of interest rate protection agreements to effectively fix or
cap a portion of our variable rate debt. Our use of interest rate hedging arrangements to manage risk associated with interest rate
volatility may expose us to additional risks, including that a counterparty to a hedging arrangement may fail to honor its obligations.
Developing an effective interest rate risk strategy is complex and no strategy can completely insulate us from risks associated with
interest rate fluctuations. There can be no assurance that our hedging activities will have the desired beneficial impact on our
results of operations or financial condition. We might be subject to additional costs, such as transaction fees or breakage costs, if
we terminate these arrangements.
Some of our potential losses may not be covered by insurance.
We carry liability, fire, flood, earthquake, extended coverage, and rental loss insurance on each of our properties. We believe
the policy specifications and insured limits of these policies are adequate and appropriate. There are, however, some types of
losses, including lease and other contract claims, which generally are not insured. If an uninsured loss or a loss in excess of insured
limits occurs, we could lose all or a portion of the capital we have invested in a property, as well as the anticipated future revenue
from the property. If this happens, we might nevertheless remain obligated for any mortgage debt or other financial obligations
related to the property.
In November 2002, Congress passed the “Terrorism Risk Insurance Act of 2002” (TRIA), which required insurance companies
to offer terrorism coverage to all existing insured companies for an additional cost. As a result, our property insurance policies
are currently provided without a sub-limit for terrorism, eliminating the need for separate terrorism insurance policies.
In 2007, Congress extended the expiration date of TRIA by seven years to December 31, 2014. Congress is presently considering
a reauthorization of TRIA, with possible changes. A final decision is expected in the second quarter of 2014. There are specific
provisions in our loans that address terrorism insurance. Simply stated, in most loans, we are obligated to maintain terrorism
insurance, but there are limits on the amounts we are required to spend to obtain such coverage. If a terrorist event occurs, the cost
of terrorism insurance coverage would be likely to increase, which could result in our having less coverage than we have currently.
Our inability to obtain such coverage or to do so only at greatly increased costs may also negatively impact the availability and
cost of future financings.
15
We may be subject to liabilities for environmental matters.
All of the centers presently owned by us (not including option interests in certain pre-development projects) have been subject
to environmental assessments. We are not aware of any environmental liability relating to the centers or any other property in
which we have or had an interest (whether as an owner or operator) that we believe would have a material adverse effect on our
business, assets, or results of operations. No assurances can be given, however, that all environmental liabilities have been identified
by us or that no prior owner or operator, or any occupant of our properties has created an environmental condition not known to
us. Moreover, no assurances can be given that (1) future laws, ordinances, or regulations will not impose any material environmental
liability or that (2) the current environmental condition of the centers will not be affected by tenants and occupants of the centers,
by the condition of properties in the vicinity of the centers (such as the presence of underground storage tanks), or by third parties
unrelated to us.
We hold investments in joint ventures in which we do not control all decisions, and we may have conflicts of interest with our joint
venture partners.
Some of our shopping centers are partially owned by non-affiliated partners through joint venture arrangements. As a result, we
do not control all decisions regarding those shopping centers and may be required to take actions that are in the interest of the
joint venture partners but not our best interests. Accordingly, we may not be able to favorably resolve any issues that arise with
respect to such decisions, or we may have to provide financial or other inducements to our joint venture partners to obtain such
resolution.
For joint ventures that we do not manage, we do not control decisions as to the design or operation of internal controls over
accounting and financial reporting, including those relating to maintenance of accounting records, authorization of receipts and
disbursements, selection and application of accounting policies, reviews of period-end financial reporting, and safeguarding of
assets. Therefore, we are exposed to increased risk that such controls may not be designed or operating effectively, which could
ultimately affect the accuracy of financial information related to these joint ventures as prepared by our joint venture partners.
Various restrictive provisions and rights govern sales or transfers of interests in our joint ventures. These may work to our
disadvantage because, among other things, we may be required to make decisions as to the purchase or sale of interests in our
joint ventures at a time that is disadvantageous to us.
The bankruptcy or financial difficulties of our joint venture partners could adversely affect us.
The profitability of shopping centers held in a joint venture could also be adversely affected by the bankruptcy of one of the
joint venture partners if, because of certain provisions of the bankruptcy laws, we were unable to make important decisions in a
timely fashion or became subject to additional liabilities. In addition, if our joint venture partners are not able to fund required
contributions, it may be necessary for us to contribute equity in excess of our ownership share to fund initial development, capital,
and/or operating costs.
We may not be able to maintain our status as a REIT.
We may not be able to maintain our status as a REIT for federal income tax purposes with the result that the income distributed
to shareowners would not be deductible in computing taxable income and instead would be subject to tax at regular corporate
rates. We may also be subject to the alternative minimum tax if we fail to maintain our status as a REIT. Any such corporate tax
liability would be substantial and would reduce the amount of cash available for distribution to our shareowners which, in turn,
could have a material adverse impact on the value of, or trading price for, our shares. Although we believe we are organized and
operate in a manner to maintain our REIT qualification, many of the REIT requirements of the Internal Revenue Code of 1986,
as amended (the Code), are very complex and have limited judicial or administrative interpretations. Changes in tax laws or
regulations or new administrative interpretations and court decisions may also affect our ability to maintain REIT status in the
future. If we do not maintain our REIT status in any year, we may be unable to elect to be treated as a REIT for the next four
taxable years.
Although we currently intend to maintain our status as a REIT, future economic, market, legal, tax, or other considerations may
cause us to determine that it would be in our and our shareowners’ best interests to revoke our REIT election. If we revoke our
REIT election, we will not be able to elect REIT status for the next four taxable years.
16
We may be subject to taxes even if we qualify as a REIT.
Even if we qualify as a REIT for federal income tax purposes, we will be required to pay certain federal, state, local, and foreign
taxes on our income and property. For example, we will be subject to federal income tax to the extent we distribute less than 100%
of our REIT taxable income, including capital gains. Moreover, if we have net income from “prohibited transactions,” that income
will be subject to a 100% penalty tax. In general, prohibited transactions are sales or other dispositions of property held primarily
for sale to customers in the ordinary course of business. The determination as to whether a particular sale is a prohibited transaction
depends on the facts and circumstances related to that sale. We cannot guarantee that sales of our properties would not be prohibited
transactions unless we comply with certain statutory safe-harbor provisions. The need to avoid prohibited transactions could cause
us to forego or defer sales of assets that non-REITs otherwise would have sold or that might otherwise be in our best interest to
sell.
In addition, any net taxable income earned directly by our taxable REIT subsidiaries will be subject to federal, and state corporate
income tax, and to the extent there are foreign operations certain foreign taxes. In this regard, several provisions of the laws
applicable to REITs and their subsidiaries ensure that a taxable REIT subsidiary will be subject to an appropriate level of federal
income taxation. For example, a taxable REIT subsidiary is limited in its ability to deduct certain interest payments made to an
affiliated REIT. In addition, the REIT has to pay a 100% penalty tax on some payments that it receives or on some deductions
taken by the taxable REIT subsidiaries if the economic arrangements among the REIT, the REIT’s tenants, and the taxable REIT
subsidiary are not comparable to similar arrangements among unrelated parties. Finally, some state, local, and foreign jurisdictions
may tax some of our income even though as a REIT we are not subject to federal income tax on that income, because not all states,
localities, and foreign jurisdictions follow the federal income tax treatment of REITs. To the extent that we and our affiliates are
required to pay federal, state, local, and foreign taxes, we will have less cash available for distributions to our shareowners.
The lower tax rate on certain dividends from non-REIT “C” corporations may cause investors to prefer to hold stock in non-REIT
“C” corporations.
Beginning with the 2013 taxable year, the maximum tax rate (including the net investment income tax of 3.8%) on certain
corporate dividends received by individuals is 23.8%, up from 15% in 2012, but less than the maximum income tax rate of 39.6%
applicable to ordinary income. This rate differential continues to substantially reduce the so-called "double taxation" (that is,
taxation at both the corporate and shareowner levels) that applies to non-REIT "C" corporations but does not generally apply to
REITs. Dividends from a REIT do not qualify for the favorable tax rate applicable to dividends from non-REIT "C" corporations
unless the dividends are attributable to income that has already been subjected to the corporate income tax, such as income from
a prior year that the REIT did not distribute and dividend income received by the REIT from a taxable REIT subsidiary or other
fully taxable "C" corporation. Although REITs, unlike non-REIT “C” corporations, have the ability to designate certain dividends
as capital gain dividends subject to the favorable rates applicable to capital gain, the application of reduced dividend rates to non-
REIT “C” corporation dividends may still cause individual investors to view stock in non-REIT “C” corporations as more attractive
than shares in REITs, which may negatively affect the value of our shares.
17
Our ownership limitations and other provisions of our articles of incorporation and bylaws generally prohibit the acquisition
of more than 8.23% of the value of our capital stock and may otherwise hinder any attempt to acquire us.
Various provisions of our articles of incorporation and bylaws could have the effect of discouraging a third party from
accumulating a large block of our stock and making offers to acquire us, and of inhibiting a change in control, all of which could
adversely affect our shareowners’ ability to receive a premium for their shares in connection with such a transaction. In addition
to customary anti-takeover provisions, as detailed below, our articles of incorporation contain REIT-specific restrictions on the
ownership and transfer of our capital stock which also serve similar anti-takeover purposes.
Under our Restated Articles of Incorporation, in general, no shareowner may own more than 8.23% (the “General Ownership
Limit”) in value of our "Capital Stock" (which term refers to the common stock, preferred stock and Excess Stock, as defined
below). Our Board of Directors has the authority to allow a “look through entity” to own up to 9.9% in value of the Capital Stock
(Look Through Entity Limit), provided that after application of certain constructive ownership rules under the Code and rules
regarding beneficial ownership under the Michigan Business Corporation Act, no individual would constructively or beneficially
own more than the General Ownership Limit. A look through entity is an entity (other than a qualified trust under Section 401(a)
of the Code, certain other tax-exempt entities described in the Articles, or an entity that owns 10% or more of the equity of any
tenant from which we or TRG directly or indirectly receives or accrues rent from real property) whose beneficial owners, rather
than the entity, would be treated as owning the capital stock owned by such entity.
The Articles provide that if the transfer of any shares of Capital Stock or a change in our capital structure would cause any
person (Purported Transferee) to own Capital Stock in excess of the General Ownership Limit or the Look Through Entity Limit,
then the transfer is to be treated as invalid from the outset, and the shares in excess of the applicable ownership limit automatically
acquire the status of “Excess Stock.” A Purported Transferee of Excess Stock acquires no rights to shares of Excess Stock. Rather,
all rights associated with the ownership of those shares (with the exception of the right to be reimbursed for the original purchase
price of those shares) immediately vest in one or more charitable organizations designated from time to time by our Board of
Directors (each, a “Designated Charity”). An agent designated from time to time by the Board (each, a “Designated Agent”) will
act as attorney-in-fact for the Designated Charity to vote the shares of Excess Stock, take delivery of the certificates evidencing
the shares that have become Excess Stock, and receive any distributions paid to the Purported Transferee with respect to those
shares. The Designated Agent will sell the Excess Stock, and any increase in value of the Excess Stock between the date it became
Excess Stock and the date of sale will inure to the benefit of the Designated Charity. A Purported Transferee must notify us of any
transfer resulting in shares converting into Excess Stock, as well as such other information regarding such person’s ownership of
the capital stock we request.
These ownership limitations will not be automatically removed even if the REIT requirements are changed so as to no longer
contain any ownership concentration limitation or if the concentration limitation is increased because, in addition to preserving
our status as a REIT, the effect of such ownership limit is to prevent any person from acquiring unilateral control of us. Changes
in the ownership limits cannot be made by our Board of Directors and would require an amendment to our articles. Currently,
amendments to our articles require the affirmative vote of holders owning not less than two-thirds of the outstanding capital stock
entitled to vote.
A. Alfred Taubman, Robert Taubman, William Taubman, and Gayle Taubman Kalisman (Taubman Family) may be deemed
under SEC rules of attribution, which includes conversion of options that have vested and shares subject to issuance under an
option deferral agrement, to beneficially own 26%, 29%, 28%, and 26%, respectively, of our stock that is entitled to vote on
shareowner matters (Voting Stock) as of December 31, 2013. However, the combined Taubman Family ownership of Voting Stock
includes 24,127,588 shares of the 25,151,069 shares of Series B Preferred Stock outstanding or 96% of the total outstanding and
1,349,925 shares of the 63,101,614 shares of common stock outstanding or 2% of the total outstanding as of December 31, 2013.
The Series B Preferred Stock is convertible into shares of common stock at a ratio of 14,000 shares of Series B Preferred Stock
to one share of common stock, and therefore one share of Series B Preferred Stock has a value of 1/14,000ths of the value of one
share of common stock. Accordingly, the foregoing ownership of Voting Stock does not violate the ownership limitations set forth
in our charter.
18
Members of the Taubman family have the power to vote a significant number of the shares of our capital stock entitled to vote.
Based on information contained in filings made with the SEC, as of December 31, 2013, A. Alfred Taubman and the members
of his family have the power to vote approximately 29% of the outstanding shares of our common stock and our Series B Preferred
Stock, considered together as a single class, and approximately 96% of our outstanding Series B preferred stock. Our shares of
common stock and our Series B Preferred Stock vote together as a single class on all matters generally submitted to a vote of our
shareowners, and the holders of the Series B preferred stock have certain rights to nominate up to four individuals for election to
our board of directors and other class voting rights. Mr. Taubman’s son, Robert S. Taubman, serves as our Chairman of the Board,
President and Chief Executive Officer. Mr. Taubman’s son, William S. Taubman, serves as our Chief Operating Officer and one
of our directors. These individuals occupy the same positions with the Manager. As a result, Mr. A. Alfred Taubman and the
members of his family may exercise significant influence with respect to the election of our board of directors, the outcome of
any corporate transaction or other matter submitted to our shareowners for approval, including any merger, consolidation or sale
of all or substantially all of our assets. In addition, because our articles of incorporation impose a limitation on the ownership of
our outstanding capital stock by any person and such ownership limitation may not be changed without the affirmative vote of
holders owning not less than two-thirds of the outstanding shares of capital stock entitled to vote on such matter, Mr. A. Alfred
Taubman and the members of his family, as a practical matter, have the power to prevent a change in control of our company.
The market price of our common stock may fluctuate significantly.
The market price of our common stock may fluctuate significantly in response to many factors, including:
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general market and economic conditions;
actual or anticipated variations in our operating results, funds from operations, cash flows, liquidity or distributions;
changes in our earnings estimates or those of analysts;
publication of research reports about us, the real estate industry generally or the regional mall industry, and
recommendations by financial analysts with respect to us or other REITs;
the amount of our outstanding debt at any time, the amount of our maturing debt in the near and medium term and our
ability to refinance such debt and the terms thereof or our plans to incur additional debt in the future;
the ability of our tenants to pay rent to us and meet their other obligations to us under current lease terms and our ability
to re-lease space as leases expire;
increases in market interest rates that lead purchasers of our common stock to demand a higher dividend yield;
changes in market valuations of similar companies;
any securities we may issue or additional debt we incur in the future;
additions or departures of key management personnel;
actions by institutional shareholders;
risks we are taking in relation to our new developments and capital uses;
perceived risks in connection with our international development strategy;
speculation in the press or investment community; and
continuing high levels of volatility in the capital and credit markets.
Many of the factors listed above are beyond our control. These factors may cause the market price of our common stock to
decline, regardless of our financial performance and condition and prospects. It is impossible to provide any assurance that the
market price of our common stock will not fall in the future, and it may be difficult for holders to resell shares of our common
stock at prices they find attractive, or at all.
19
Our shareholders will experience dilution as a result of equity offerings and they may experience further dilution if we issue
additional common stock.
We issued common equity, both common shares and TRG partnership units, that had a dilutive effect on our earnings per diluted
share and funds from operations per diluted share for the years ended December 31, 2012 and December 31, 2011. Also during
2013 and 2012, we issued additional shares of preferred stock which adversely affected the earnings per share available to our
common shareholders. We are not restricted from issuing additional shares of our common stock or preferred stock, including any
securities that are convertible into or exchangeable for, or that represent the right to receive, common stock or preferred stock or
any substantially similar securities. Any additional future issuances of common stock will reduce the percentage of our common
stock owned by investors who do not participate in future issuances. In most circumstances, shareholders will not be entitled to
vote on whether or not we issue additional common stock. In addition, depending on the terms and pricing of an additional offering
of our common stock and the value of our properties, our shareholders may experience dilution in both the book value and fair
value of their shares. The market price of our common stock could decline as a result of sales of a large number of shares of our
common stock in the market after this offering or the perception that such sales could occur, and this could materially and adversely
affect our ability to raise capital through future offerings of equity or equity-related securities.
Our ability to pay dividends on our stock may be limited.
Because we conduct all of our operations through TRG or its subsidiaries, our ability to pay dividends on our stock will depend
almost entirely on payments and distributions received on our interests in TRG. Additionally, the terms of some of the debt to
which TRG is a party limits its ability to make some types of payments and other distributions to us. This in turn limits our ability
to make some types of payments, including payment of dividends on our stock, unless we meet certain financial tests or such
payments or dividends are required to maintain our qualification as a REIT. As a result, if we are unable to meet the applicable
financial tests, we may not be able to pay dividends on our stock in one or more periods beyond what is required for REIT purposes.
Our ability to pay dividends is further limited by the requirements of Michigan law.
Our ability to pay dividends on our stock is further limited by the laws of Michigan. Under the Michigan Business Corporation
Act, a Michigan corporation may not make a distribution if, after giving effect to the distribution, the corporation would not be
able to pay its debts as the debts become due in the usual course of business, or the corporation’s total assets would be less than
the sum of its total liabilities plus the amount that would be needed, if the corporation were dissolved at the time of the distribution,
to satisfy the preferential rights upon dissolution of shareowners whose preferential rights are superior to those receiving the
distribution. Accordingly, we may not make a distribution on our stock if, after giving effect to the distribution, we would not be
able to pay our debts as they become due in the usual course of business or our total assets would be less than the sum of our total
liabilities plus the amount that would be needed to satisfy the preferential rights upon dissolution of the holders of any shares of
our preferred stock then outstanding.
We may incur additional indebtedness, which may harm our financial position and cash flow and potentially impact our ability
to pay dividends on our stock.
Our governing documents do not limit us from incurring additional indebtedness and other liabilities; however, certain loan
covenants include certain restrictions regarding future indebtedness. As of December 31, 2013, we had $3.1 billion of consolidated
indebtedness outstanding, and our beneficial interest in both our consolidated debt and the debt of our unconsolidated joint ventures
was $3.8 billion. We may incur additional indebtedness and become more highly leveraged, which could harm our financial position
and potentially limit our cash available to pay dividends.
We may change the distribution policy for our common stock in the future.
The decision to declare and pay dividends on our common stock in the future, as well as the timing, amount, and composition
of any such future dividends, will be at the sole discretion of our board of directors and will depend on our earnings, funds from
operations, liquidity, financial condition, capital requirements, contractual prohibitions, or other limitations under our indebtedness
and preferred shares, the annual dividend requirements under the REIT provisions of the Code, state law and such other factors
as our board of directors deems relevant. Further, we have regularly issued new shares of common stock as compensation to our
employees, and we have periodically issued new shares pursuant to public offerings or acquisitions. Any future issuances may
substantially increase the cash required to pay dividends at current or higher levels. Our actual dividend payable will be determined
by our board of directors based upon the circumstances at the time of declaration. Although we have regularly paid dividends on
a quarterly basis on our common and preferred stock in the past, we do not guarantee we will continue to do so in the future. Any
change in our dividend policy could have a material adverse effect on the market price of our common stock.
20
Item 1B. UNRESOLVED STAFF COMMENTS.
None.
Item 2. PROPERTIES.
Ownership
The following table sets forth certain information about each of the centers. The table includes only centers in operation at
December 31, 2013. Centers are owned in fee other than Beverly Center (Beverly), Cherry Creek Shopping Center (Cherry
Creek), City Creek Center, International Plaza, MacArthur Center, and certain land at The Mall at Green Hills, which are held
under ground leases expiring between 2042 and 2104.
Certain of the centers are partially owned through joint ventures. Generally, our joint venture partners have ongoing rights
with regard to the disposition of our interest in the joint ventures, as well as the approval of certain major matters.
21
Dillard’s, Neiman Marcus, Nordstrom
1,202,000
(3)
2001
100%
(4)
Center
Consolidated Businesses:
Beverly Center
Los Angeles, CA
Anchors
Bloomingdale’s, Macy’s
Cherry Creek Shopping Center
Macy’s, Neiman Marcus, Nordstrom
Denver, CO
City Creek Center
Salt Lake City, UT
Dolphin Mall
Miami, FL
Fairlane Town Center
Dearborn, MI
(Detroit Metropolitan Area)
Macy's, Nordstrom
Bass Pro Shops Outdoor World,
Bloomingdale's Outlet, Burlington Coat Factory
Cobb Theatres, Dave & Buster's,
Marshalls, Neiman Marcus-Last Call,
Off 5th Saks, The Sports Authority
JCPenney, Macy’s, Sears
The Gardens on El Paseo/ El Paseo Village
Saks Fifth Avenue
Palm Desert, CA
Great Lakes Crossing Outlets
AMC Theatres, Bass Pro Shops Outdoor World,
Auburn Hills, MI
Lord & Taylor Outlet, Neiman Marcus-Last Call,
(Detroit Metropolitan Area)
Off 5th Saks
The Mall at Green Hills
Dillard's, Macy's, Nordstrom
Nashville, TN
International Plaza
Tampa, FL
MacArthur Center
Norfolk, VA
Northlake Mall
Charlotte, NC
Dillard’s, Nordstrom
Belk, Dick’s Sporting Goods,
Dillard’s, Macy’s
The Mall at Partridge Creek
Nordstrom, Carson's
Clinton Township, MI
(Detroit Metropolitan Area)
The Mall at Short Hills
Short Hills, NJ
Bloomingdale’s, Macy’s, Neiman Marcus,
Nordstrom, Saks Fifth Avenue
Stony Point Fashion Park
Dillard’s, Dick’s Sporting Goods,
Richmond, VA
Saks Fifth Avenue
Taubman Prestige Outlets Chesterfield
Polo Ralph Lauren Factory Store,
Chesterfield, MO
Restoration Hardware
Sq. Ft of GLA/
Mall GLA as of
12/31/13
Year
Opened/
Expanded
Year
Acquired
Ownership
% as of
12/31/13
868,000
560,000
1982
1,032,000
(1)
1990/1998
541,000
626,000
346,000
1,389,000
666,000
2012
2001/2007
1,386,000
(2)
589,000
1976/1978/
1980/2000
100%
50%
100%
100%
100%
236,000
186,000
1,353,000
534,000
869,000
357,000
1998/2010
2011
100%
1998
100%
1955/2011
2011
100%
581,000
934,000
520,000
1,071,000
465,000
607,000
373,000
1,369,000
546,000
669,000
302,000
308,000
308,000
1999
2005
2007/2008
1980/1994/
1995
2003
2013
95%
100%
100%
100%
100%
100%
100%
(St. Louis Metropolitan Area)
Twelve Oaks Mall
Novi, MI
(Detroit Metropolitan Area)
JCPenney, Lord & Taylor, Macy's,
Nordstrom, Sears
1,515,000
550,000
1977/1978/
2007/2008
The Mall at Wellington Green
City Furniture & Ashley Furniture Home Store,
Wellington, FL
(Palm Beach County)
Dillard’s, JCPenney, Macy’s, Nordstrom
1,271,000
458,000
2001/2003
90%
The Shops at Willow Bend
Dillard’s, Macy’s, Neiman Marcus
1,262,000
(5)
2001/2004
100%
Plano, TX
(Dallas Metropolitan Area)
Total GLA
Total Mall GLA
TRG% of Total GLA
TRG% of Total Mall GLA
523,000
17,967,000
8,405,000
17,277,000
8,063,000
22
Center
Anchors
Sq. Ft of GLA/
Mall GLA as of
12/31/13
Year
Opened/
Expanded
Year
Acquired
Ownership
% as of
12/31/13
Unconsolidated Joint Ventures:
Arizona Mills
Tempe, AZ
Conn's, GameWorks, Harkins Cinemas,
JCPenney Outlet, Neiman Marcus-Last Call,
1,220,000
551,000
1997
50%
(6)
(Phoenix Metropolitan Area)
Off 5th Saks
Fair Oaks
Fairfax, VA
JCPenney, Lord & Taylor,
Macy’s (two locations), Sears
1,565,000
1980/1987/
50%
561,000
1988/2000
(Washington, DC Metropolitan Area)
The Mall at Millenia
Bloomingdale’s, Macy’s, Neiman Marcus
Orlando, FL
Stamford Town Center
Macy’s, Saks Fifth Avenue
Stamford, CT
Sunvalley
Concord, CA
Naples, FL
Westfarms
(San Francisco Metropolitan Area)
Waterside Shops
Nordstrom, Saks Fifth Avenue
1,120,000
520,000
2002
767,000
(7)
1982/2007
444,000
50%
50%
490,000
336,000
196,000
1992/2006/
2003
50%
2008
JCPenney, Macy’s (two locations), Sears
1,330,000
1967/1981
2002
50%
JCPenney, Lord & Taylor, Macy’s,
1,280,000
1974/1983/
79%
West Hartford, CT
Macy’s Men’s Store/Furniture Gallery,
510,000
1997
Nordstrom
Total GLA
Total Mall GLA
TRG% of Total GLA
TRG% of Total Mall GLA
Grand Total GLA
Grand Total Mall GLA
TRG% of Total GLA
TRG% of Total Mall GLA
7,618,000
3,272,000
4,180,000
1,784,000
25,585,000
11,677,000
21,457,000
9,847,000
(1) GLA includes the former Saks Fifth Avenue store, which closed in March 2011. This space is currently under development. See "Business - Potential for
Growth - Internal Growth".
(2) GLA includes the former Lord & Taylor store, which closed in June 2006.
(3) GLA includes the former Robb & Stucky store, which closed in May 2011.
(4)
In January 2014, we sold a total of 49.9% of our interests in the entity that owns International Plaza as well as certain governance rights in the center.
Following the disposition, this center will be accounted for as an equity method investment along with our other Unconsolidated Joint Ventures.
(5) GLA includes the former Saks Fifth Avenue store, which closed in August 2010.
(6)
(7) Saks Fifth Avenue announced that it plans to close this location in early 2014.
In January 2014, we sold our interest in Arizona Mills.
23
Anchors
The following table summarizes certain information regarding the anchors at the operating centers (excluding the value and
outlet centers) as of December 31, 2013:
Name
Macy’s
Bloomingdale’s
Macy’s
Macy’s Men’s Store/Furniture Gallery
Total
Nordstrom
Dillard’s
JCPenney (1)
Sears
Neiman Marcus (2)
Lord & Taylor (3)
Saks (4)
Belk
City Furniture and Ashley Furniture Home Store
Dick’s Sporting Goods
Carson's
Total
Number of
Anchor Stores
GLA
(in thousands
of square feet)
% of GLA
3
17
1
21
11
7
6
4
5
3
5
1
1
2
1
614
3,565
80
4,259
20.0%
1,564
7.3%
1,522
7.1%
1,096
5.1%
911
556
397
373
180
140
159
116
4.3%
2.6%
1.9%
1.7%
0.8%
0.7%
0.7%
0.5%
67
11,273
52.9% (5)
(1) Excludes one JCPenney Outlet store at a value center.
(2) Excludes three Neiman Marcus-Last Call stores at value and outlet centers.
(3) Excludes one Lord & Taylor Outlet store at an outlet center.
(4) Excludes three Off 5th Saks stores at value and outlet centers. Saks Fifth Avenue announced that it plans to close its
store located at Stamford Town Center in early 2014.
(5) Percentages in table may not add due to rounding.
24
Mortgage Debt
The following table sets forth certain information regarding the mortgages encumbering the centers as of December 31, 2013.
All mortgage debt in the table below is nonrecourse to the Operating Partnership except for the TRG $65 million revolving credit
facility. The Operating Partnership has provided limited guarantees regarding the mortgage debt encumbering City Creek Center
and The Mall at University Town Center. In addition, the entities that own Beverly Center, Dolphin Mall, Fairlane Town Center,
Twelve Oaks Mall, and The Shops at Willow Bend are guarantors under our $475 million corporate unsecured term loan and
$1.1 billion unsecured primary revolving line of credit. See "MD&A – Liquidity and Capital Resources – Loan Commitments
and Guarantees" for more information on guarantees and covenants.
Centers Consolidated in
TCO’s Financial Statements
Cherry Creek Shopping Center (50%)
City Creek Center
El Paseo Village
The Gardens on El Paseo
Great Lakes Crossing Outlets
The Mall at Green Hills
International Plaza (11)
MacArthur Center (95%)
Northlake Mall
The Mall at Partridge Creek
The Mall at Short Hills
Stony Point Fashion Park (15)
The Mall at Wellington Green (90%)
Other Consolidated Secured Debt
Stated
Interest
Rate
5.24%
4.37%
4.42%
6.10%
3.60%
Principal
Balance as
of 12/31/13
(thousands)
Annual
Debt
Service
(thousands)
$
280,000
Interest Only
Maturity
Date
6/8/2016
Balance
Due on
Maturity
(thousands)
Earliest
Prepayment
Date
$
280,000
30 Days Notice
84,560
16,322 (4)
5,090
8/1/2023
(2)
1,024 (5)
12/6/2015
84,197 (7)
Interest Only
6/11/2016
(4)
(7)
LIBOR+1.60%
4.85%
LIBOR+2.35% (13)
5.41%
6.15%
5.47%
6.24%
5.44%
221,541
150,000
325,000
129,205
215,500
79,162
540,000
99,526
200,000
10,006 (5)
1/6/2023
Interest Only
12/1/2018
(9)
Interest Only (11)
12/1/2021
7,951 (13)
9/1/2020
Interest Only
2/6/2016
6,031 (5)
7/6/2020
Interest Only
12/14/2015
8,488 (5)
6/1/2014
(15)
Interest Only
5/6/2015
68,575
15,565
81,480
177,038
150,000
285,503
117,234
215,500
70,433
540,000
98,585
200,000
10/28/2015
30 Days Notice
30 Days Notice
3/13/2015
12/1/2014
4/1/2015
9/1/2015
30 Days Notice
30 Days Notice
(1)
(3)
(6)
(1)
(8)
(10)
(12)
(14)
(8)
(1)
30 Days Notice
(12)
30 Days Notice
30 Days Notice
(8)
(8)
TRG $65M Revolving Credit Facility
LIBOR+1.40% (16)
33,040
Interest Only
4/30/2014
33,040
At Any Time
(17)
Centers Owned by Unconsolidated Joint Ventures/TRG’s % Ownership
Arizona Mills (50%) (18)
Fair Oaks (50%)
The Mall at Millenia (50%)
Sunvalley (50%)
Taubman Land Associates (50%)
5.76%
LIBOR+1.70% (19)
4.00%
4.44%
3.84%
The Mall at University Town Center (50%)
LIBOR+1.70% (22)
Waterside Shops (50%)
Westfarms (79%)
5.54%
4.50%
167,335
275,000
350,000
186,249
23,541
71,418
165,000
312,617
12,268 (5)
7/1/2020
Interest Only (19)
7/13/2018
Interest Only (20)
10/15/2024
11,471 (5)
9/1/2022
1,349 (5)
11/1/2022
Interest Only (22)
10/28/2016
(22)
Interest Only
10/7/2016
19,457 (5)
7/1/2022
147,702
257,516
293,748
153,642
19,001
71,418
165,000
256,944
30 Days Notice
3 Days Notice
10 Days Notice
10/17/2014
2/1/2015
3 Days Notice
30 Days Notice
10 Days Notice
(1)
(17)
(12)
(1)
(21)
(23)
(12)
(1) No defeasance deposit required if paid within three months of maturity date.
(2) If the loan is not repaid on or before August 1, 2023, the loan may continue until April 1, 2024. If this occurs, the interest rate becomes the greater of (i) the
stated 4.37% interest rate plus 5% and (ii) the then current 10-year treasury rate plus 5%.
(3) Debt may be defeased on or after October 28, 2015, or debt may be prepaid with a prepayment penalty equal to greater of yield maintenance or 0.5% of
principal prepaid. No prepayment penalty is due if prepaid within three months of maturity date. 30 days notice is required.
(4) Debt includes $0.2 million of purchase accounting premium from December 2011 acquisition, which reduces the stated rate on the debt of 4.42% to an
effective rate of 3.88%.
(5) Amortizing principal based on 30-years.
(6) No defeasance deposit required if paid within two months of maturity date.
(7) Debt includes $2.7 million of purchase accounting premium from December 2011 acquisition, which reduces the stated rate on the debt of 6.10% to an
effective rate of 4.58%.
(8) No defeasance deposit required if paid within four months of maturity date.
(9) A one-year extension option is available.
(10) From December 2014 through November 2016 debt may be prepaid with a prepayment penalty of 0.5% of principal prepaid. From December 2016 through
to November 2017 the prepayment penalty drops to 0.25% of principal prepaid. There is no prepayment fee thereafter.
(11) In January 2014, we sold a total of 49.9% of our interests in the entity that owns International Plaza. Subsequent to the sale, we will account for our remaining
50.1% investment in the center under the equity method as we no longer have a controlling interest. The loan is interest only until January 2015 at which
time monthly principal payments are due based on a 30-year amortization.
(12) Debt may be prepaid with a prepayment penalty equal to greater of yield maintenance or 1% of principal prepaid. No prepayment penalty is due if prepaid
within three months of maturity date.
(13) The debt is swapped to an effective rate of 4.99% to the maturity date. Amortizing principal based on a 7% interest rate and 30-year amortization.
(14) From September 2015 through August 2017 debt may be prepaid with a prepayment penalty of 2% on principal prepaid. From September 2017 through
August 2019 the prepayment penalty drops to 1% of principal prepaid, and on September 2019 it changes to 0.5% of principal prepaid until March 2020
when it can be prepaid without penalty.
25
(15) In January 2014, the loan was repaid using funds from the sale of our 49.9% interests in International Plaza.
(16) The facility is a $65 million revolving line of credit and is secured by an indirect interest in 40% of Short Hills.
(17) Prepayment can be made without penalty.
(18) Our interest in Arizona Mills was sold in January 2014 and upon completion of the sale, the entire debt was assumed by the purchaser of our interest in the
center.
(19) The debt is swapped to an effective rate of 4.10% through April 2018. The loan is interest only until August 2014 at which time monthly principal payments
are due based on a 7.5% interest rate and 25-year amortization.
(20) The loan is interest only until November 2016 at which time monthly principal payments are due based on a 30-year amortization. At our option on or before
April 30, 2016, provided that The Mall at Millenia meets a required NOI for calendar year 2015, the interest only period may be extended until maturity.
(21) No defeasance deposit required if paid within five months of maturity date.
(22) Rate decreases to LIBOR + 1.60% upon achieving certain performance measures. The loan has four one-year extension options. During each extension
period debt service payments also include principal payments based on an assumed interest rate of 6.0% and a 30-year amortization.
(23) No defeasance deposit required if paid within six months of maturity date.
For additional information regarding the centers and their operations, see the responses to Item 1 of this report.
Item 3. LEGAL PROCEEDINGS.
See “Note 15 – Commitments and Contingencies – Litigation” to our consolidated financial statements for information regarding
outstanding litigation. While management does not believe that an adverse outcome in the lawsuits or litigation described would
have a material adverse effect on our financial condition, there can be no assurance that adverse outcomes would not have material
effects on our results of operations for any particular period.
Item 4. MINE SAFETY DISCLOSURES.
Not applicable.
26
PART II
Item 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER
PURCHASES OF EQUITY SECURITIES.
The common stock of Taubman Centers, Inc. is listed and traded on the New York Stock Exchange (Symbol: TCO). As of
February 25, 2014, the 63,127,287 outstanding shares of Common Stock were held by 467 holders of record. A substantially
greater number of holders are beneficial owners whose shares are held of record by banks, brokers, and other financial institutions.
The closing price per share of the Common Stock on the New York Stock Exchange on February 25, 2014 was $70.66.
The following table presents the dividends declared on our Common Stock and the range of closing share prices of our Common
Stock for each quarter of 2013 and 2012:
2013 Quarter Ended
March 31
June 30
September 30
December 31
2012 Quarter Ended
March 31
June 30
September 30
December 31
Market Quotations
High
Low
Dividends
$
82.29
$
75.02
$
0.50
88.95
80.61
71.56
73.67
65.37
63.65
0.50
0.50
0.50
Market Quotations
High
Low
Dividends
$
72.95
$
62.03
$
0.4625
78.79
81.34
80.42
70.71
75.17
74.61
0.4625
0.4625
0.4625
The restrictions on our ability to pay dividends on our Common Stock are set forth in “Management’s Discussion and Analysis
of Financial Condition and Results of Operations – Liquidity and Capital Resources – Dividends.”
27
Shareowner Return Performance Graph
The following line graph sets forth the cumulative total returns on a $100 investment in each of our Common Stock, the MSCI
US REIT Index, the FTSE NAREIT Equity Retail Index, the S&P 500 Index, and the S&P 400 MidCap Index for the period
December 31, 2008 through December 31, 2013 (assuming in all cases, the reinvestment of dividends):
12/31/2008
12/31/2009
12/31/2010
12/31/2011
12/31/2012
12/31/2013
Taubman Centers Inc.
MSCI US REIT Index
FTSE NAREIT Equity Retail Index
S&P 500 Index
S&P 400 MidCap Index
$
100.00
$
150.19
$
220.42
$
279.74
$
363.43
$
100.00
100.00
100.00
100.00
128.61
127.17
126.47
137.38
165.23
169.66
145.52
173.97
179.60
190.36
148.59
170.96
211.50
241.26
172.37
201.52
303.46
216.73
245.74
228.17
268.94
Note: The stock performance shown on the graph above is not necessarily indicative of future price performance.
28
Equity Purchases
The following table presents information with respect to repurchases of common stock made by us during the three months
ended December 31, 2013:
Period
Total Number of
Shares Purchased
Average Price
Paid per Share
October 2013
14,868
$
November 2013
December 2013
Total
102,569
356,326
473,763
67.00
66.06
65.47
Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs
Maximum Dollar Value of
Shares that May Yet Be
Purchased Under the Plans or
Programs
14,868
$
102,569
356,326
473,763
177,818,222
171,042,409
147,713,158
147,713,158
In August 2013, the Company’s Board of Directors authorized a share repurchase program under which the Company may
repurchase up to $200 million of its outstanding common stock on the open market or in privately negotiated transactions or
otherwise. During the year ended December 31, 2013, the Company repurchased 786,805 shares of our common stock on the open
market at an average price of $66.45 per share, for a total of $52.3 million under the authorization. All shares repurchased have
been cancelled. For each share of stock repurchased, an equal number of Operating Partnership units were redeemed. Repurchases
of common stock were financed through general corporate funds, including borrowings under existing lines of credit.
The restrictions on our ability to pay dividends on our common stock are set forth in "Management's Discussion and Analysis
of Financial Condition and Results of Operations - Liquidity and Capital Resources - Dividends".
29
Item 6. SELECTED FINANCIAL DATA.
The following table sets forth selected financial data and should be read in conjunction with the financial statements and notes
thereto and MD&A included in this report.
Year Ended December 31
2013
2012
2011
2010
2009
(in thousands, except per share and per square foot data)
STATEMENT OF OPERATIONS DATA:
Rents, recoveries, and other shopping center revenues
$
767,154
$
747,974
$
644,918
$
626,427
$
637,458
Income from continuing operations
Discontinued operations (1)
Net income (loss) (2)
Net (income) loss attributable to noncontrolling interests
Distributions to participating securities of TRG
Preferred dividends
Net income (loss) attributable to Taubman Centers, Inc.
common shareowners
Net income (loss) per common share – diluted
Dividends declared per common share (3)
Weighted average number of common shares outstanding –
basic
Weighted average number of common shares outstanding –
diluted
Number of common shares outstanding at end of period
189,368
157,817
189,368
(56,778)
(1,749)
(20,933)
157,817
(51,643)
(1,612)
(21,051)
141,399
145,999
287,398
(94,527)
(1,536)
(14,634)
122,606
(20,279)
102,327
(38,459)
(1,635)
(14,634)
104,463
(183,624)
(79,161)
25,649
(1,560)
(14,634)
109,908
83,511
176,701
47,599
(69,706)
1.71
2.00
1.37
1.85
3.03
1.76
0.86
1.68
(1.30)
1.66
63,591,523
59,884,455
56,899,966
54,569,618
53,239,279
64,575,412
63,101,614
61,376,444
63,310,148
58,529,089
58,022,475
55,702,813
54,696,054
53,986,656
54,321,586
Ownership percentage of TRG at end of period
71%
71%
69%
68%
67%
BALANCE SHEET DATA:
Real estate before accumulated depreciation
Total assets
Total debt
SUPPLEMENTAL INFORMATION (4):
Funds from Operations attributable to TCO (2)(5)
Mall tenant sales (6)(7)
Sales per square foot (6)(7)(8)(9)
Number of shopping centers at end of period
Ending Mall GLA in thousands of square feet
Leased space (7)(10)
Ending occupancy (7)
Average occupancy (7)
Average base rent per square foot (7)(8):
Consolidated businesses (7)(11)
Unconsolidated Joint Ventures (11)
Combined (7)(11)
4,485,090
3,506,222
3,058,053
4,246,000
3,268,495
2,952,030
4,020,954
3,336,792
3,145,602
3,528,297
2,546,873
2,656,560
3,496,853
2,606,853
2,691,019
236,662
6,180,095
197,671
6,008,265
285,400
5,164,916
160,138
4,619,896
144,220
4,185,996
721
25
708
24
641
23
564
23
502
23
11,677
11,360
11,009
10,942
10,946
93.1%
91.7%
90.9%
93.4%
91.8%
90.3%
92.4%
90.7%
88.8%
92.0%
90.1%
88.8%
91.6%
89.8%
89.4%
$
$
48.45
48.69
48.52
$
46.86
45.44
46.42
$
45.53
44.58
45.22
$
43.63
43.73
43.66
43.69
44.49
43.95
30
(1) Discontinued operations includes the operations of Regency Square and The Pier Shops at Caesars (The Pier Shops). See “MD&A – Results of Operations
–Dispositions/Discontinued Operations" for further information. In 2011, discontinued operations includes the gains on extinguishment of debt of $174.2
million related to the dispositions of The Pier Shops and Regency Square. In 2009, discontinued operations includes the $166.7 million (or $160.8 million
at our share) impairment charges related to the write down of The Pier Shops and Regency Square to their fair values.
(2) Funds from Operations (FFO) is defined and discussed in “MD&A – Results of Operations – Use of Non-GAAP Measures.” In 2012, net income and FFO
include $6.4 million of charges upon redemption of Series G and H Cumulative Redeemable Preferred Stock, the $1.6 million loss on extinguishment of
debt at The Mall at Millenia, and the $3.2 million PRC tax on sale of Taubman TCBL assets. See “MD&A – Results of Operations –Other Equity Transactions",
“MD&A – Results of Operations –Debt Transactions" and “MD&A – Results of Operations –Taubman Asia" for further information. In 2011, net income
and FFO include the gains on extinguishment of debt of $174.2 million related to the dispositions of The Pier Shops and Regency Square and $5.3 million
of acquisition costs related to the acquisitions of The Mall at Green Hills, The Gardens on El Paseo and El Paseo Village, and Taubman TCBL. See “MD&A
– Results of Operations – U.S. Dispositions" and “MD&A – Results of Operations – Taubman Asia" for further information. In 2009, net loss includes and
FFO excludes the $166.7 million (or $160.8 million at our share) impairment charges related to the write down of The Pier Shops and Regency Square to
their fair values. In 2009, net loss and FFO include $30.4 million in charges related to the litigation settlements at Westfarms and a $2.5 million restructuring
charge which primarily represented the cost of terminations of personnel.
(3) Amount excludes a special dividend of $0.1834 per share, which was declared in 2010 as a result of the taxation of capital gain incurred from a restructuring
of the Company’s ownership in International Plaza, including liquidation of the Operating Partnership’s private REIT.
(4) All operating statistics for periods prior to 2013 exclude Taubman Prestige Outlets Chesterfield and all statistics for periods prior to 2012 exclude The Mall
at Green Hills, The Gardens on El Paseo and El Paseo Village, and City Creek Center, except for those reported as of December 31, 2011.
(5) Reconciliations of net income attributable to TCO common shareowners to FFO for 2013, 2012, and 2011 are provided in “MD&A – Reconciliation of Net
Income Attributable to Taubman Centers, Inc. Common Shareowners to Funds from Operations and Adjusted Funds from Operations.” For 2010, net income
attributable to TCO common shareowners of $47.6 million, adding back depreciation and amortization of $161.9 million, noncontrolling interests of
$26.2 million, and distributions to participating securities of $1.6 million arrives at TRG’s FFO of $237.3 million, of which TCO’s share was $160.1 million.
For 2009, net loss attributable to TCO common shareowners of $69.7 million, deducting noncontrolling interests of $31.2 million and adding back depreciation
and amortization of $154.3 million, impairment charges of $160.8 million, and distributions to participating securities of $1.6 million arrives at TRG’s FFO
of $215.8 million, of which TCO’s share was $144.2 million.
(6) Based on reports of sales furnished by mall tenants.
(7) Amounts in 2011, 2010, and 2009 exclude The Pier Shops and Regency Square. See “MD&A – Results of Operations – U.S. Dispositions" for further
information.
(8) See “MD&A – Rental Rates and Occupancy” for information regarding this statistic.
(9) For all periods presented, this amount represents sales per square foot of comparable centers, which are defined as all centers that were owned and opened
for the entire current and preceding period. In addition, 2013 and 2012 also exclude Arizona Mills.
(10) Leased space comprises both occupied space and space that is leased but not yet occupied.
(11) Amounts exclude spaces greater than 10,000 square feet.
31
Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS.
The following Management’s Discussion and Analysis of Financial Condition and Results of Operations contains various
“forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. These forward-looking statements represent our expectations or beliefs
concerning future events and performance. Actual results may differ materially from those expected because of various risks and
uncertainties. The forward-looking statements included in this report are made as of the date hereof. Except as required by law,
we assume no obligation to update these forward looking statements, even if new information becomes available in the future.
The following discussion should be read in conjunction with the accompanying consolidated financial statements of Taubman
Centers, Inc. and the notes thereto, as well as "Risk Factors" elsewhere in this report.
General Background and Performance Measurement
Taubman Centers, Inc. (TCO) is a Michigan corporation that operates as a self-administered and self-managed real estate
investment trust (REIT). The Taubman Realty Group Limited Partnership (the Operating Partnership or TRG) is a majority-owned
partnership subsidiary of TCO that owns direct or indirect interests in all of our real estate properties. In this report, the terms
"we", "us", and "our" refer to TCO, the Operating Partnership, and/or the Operating Partnership's subsidiaries as the context may
require. We own, manage, lease, acquire, dispose of, develop, and expand regional and super-regional shopping centers and interests
therein. The Consolidated Businesses consist of shopping centers and entities that are controlled by ownership or contractual
agreements, The Taubman Company LLC (Manager), and Taubman Properties Asia LLC and its subsidiaries (Taubman Asia).
Shopping centers owned through joint ventures that are not controlled by us but over which we have significant influence
(Unconsolidated Joint Ventures) are accounted for under the equity method.
References in this discussion to “beneficial interest” refer to our ownership or pro-rata share of the item being discussed. Also,
the operations of the shopping centers are often best understood by measuring their performance as a whole, without regard to
our ownership interest. Consequently, in addition to the discussion of the operations of the Consolidated Businesses, the operations
of the Unconsolidated Joint Ventures are presented and discussed as a whole. The comparability of information used in measuring
performance is affected by the opening of City Creek Center in March 2012 and Taubman Prestige Outlets Chesterfield
(Chesterfield) in August 2013. Additional "comparable center" statistics that exclude City Creek Center and Chesterfield are
provided to present the performance of comparable centers in our continuing operations. Comparable centers are generally defined
as centers that were owned and open for the entire current and preceding period. See “Results of Operations – Development” for
background and information on these centers. Comparable center statistics for 2012 have been restated to include comparable
centers to 2013. Additionally, as a result of the January 2014 disposition of our interest in Arizona Mills, this center has been
excluded from mall tenant sales per square foot, comparable mall tenant sales, and comparable occupancy costs as a percentage
of mall tenant sales statistics reported for 2013 and 2012.
Overall Summary of Management’s Discussion and Analysis of Financial Condition and Results of Operations
Our primary source of revenue is from the leasing of space in our shopping centers. Generally these leases are long term, with
our average lease term of new leases at approximately eight years during 2013 and 2012, excluding temporary leases. Therefore
general economic trends most directly impact our tenants’ sales and consequently their ability to perform under their existing lease
agreements and expand into new locations as well as our ability to find new tenants for our shopping centers and increase rent per
square foot.
For the fourth quarter of 2013, tenant sales per square foot increased 1.4% from the corresponding period in the prior year. For
all of 2013, tenant sales per square foot were $721, a 1.8% increase from 2012 (see "Mall Tenant Sales and Center Revenues").
Ending occupancy was 92.1% for comparable centers at December 31, 2013, up 0.3% from 2012. We anticipate 2014 year-end
occupancy will be about even with 2013. Rent per square foot increased 4.5% in 2013. We expect that average rents per square foot
in 2014 will be up in comparison to 2013 by about 4%. The rents we are able to achieve are affected by economic trends and tenants’
expectations thereof, as described under “Rental Rates and Occupancy.” The spread between rents on openings and closings may
not be indicative of future periods, as this statistic is not computed on comparable tenant spaces, and can vary significantly from
period to period depending on the total amount, location, and average size of tenant space opening and closing in the period. Mall
tenant sales, occupancy levels, and our resulting revenues are seasonal in nature (see “Seasonality").
Our analysis of our financial results begins under “Results of Operations” and we provide information about transactions that
affected the periods presented or will affect operations in the future.
32
We have been active in developing and expanding our U.S. shopping center portfolio, including the opening of Chesterfield in
2013 and City Creek Center in 2012. We also have two U.S. development projects under construction: The Mall at University
Town Center and The Mall of San Juan. We are breaking ground on a redevelopment of International Market Place in Waikiki,
Honolulu, Hawaii in early March 2014. (see "Liquidity and Capital Resources - Capital Spending - New Developments").
In January 2014, we sold a total of 49.9% of our interests in the entity that owns International Plaza, which we had 100% ownership
of as the result of acquiring a a 49.9% ownership interest in 2012. Also in January 2014, we sold our 50% interest in Arizona Mills
and land in Syosset, New York related to our former Oyster Bay project (See "Results of Operations - U.S. Dispositions"). In 2012,
we acquired an additional 25% interest in Waterside Shops. In 2011, we completed the purchases of The Mall at Green Hills, The
Gardens on El Paseo and El Paseo Village (see "Results of Operations - U.S. Acquisitions").
Dispositions of The Pier Shops at Caesars (The Pier Shops) and Regency Square were completed in November and December
of 2011, respectively. Titles to the properties were transferred to the mortgage lenders. As a result, we were relieved of our $207.2
million of debt obligations plus accrued interest associated with the properties. See “Results of Operations – U.S. Dispositions” for
further discussion.
We also describe our growth activities in Asia with updates on our investments in new development projects, including
CityOn.Xi'an, CityOn.Zhengzhou, and Hanam Union Square, as well as service agreements for IFC Mall in South Korea and the
Studio City retail project in the Cotai region of Macau, China (see “Results of Operations – Taubman Asia”). In 2012, we sold
assets of the Taubman TCBL business that was acquired in 2011 (see "Results of Operations - Taubman Asia").
We have certain additional sources of income beyond our rental revenues, recoveries from tenants, and revenue from management,
leasing, and development services. We disclose our share of these sources of income under “Results of Operations – Other Income.”
Expectations about general and administrative and pre-development expenses are discussed under "Results of Operations - Other
Expenses."
We have been very active in managing our balance sheet and beneficial interest in debt, completing an unsecured term loan to
payoff our loan on Beverly Center, construction financing for The Mall at University Town Center, an increase, extension of, and
conversion to unsecured of our primary revolving line of credit, payoff of our loan on Stony Point Fashion Park (Stony Point) in
2014, and financings or refinancings of City Creek Center, The Mall at Green Hills, Great Lakes Crossings Outlets, and other centers
as outlined under “Results of Operations – Debt Transactions.”
We have similarly been active in the equity markets. During 2013, we repurchased $52.3 million of common stock under a share
repurchase program. Also in 2013, we completed a preferred stock offering of $170 million of 6.25% Series K Cumulative
Redeemable Preferred Stock (Series K Preferred Stock ) (see "Results of Operations - Other Equity Transactions"). In 2012, we
redeemed the Series G and H Cumulative Redeemable Preferred Stock (Series G and H Preferred Stock), completed a preferred
stock offering of $192.5 million of 6.5% Series J Cumulative Redeemable Preferred Stock (Series J Preferred Stock), and a common
equity offering of 2,875,000 common shares (see "Results of Operations - Other Equity Transactions").
As information useful to understanding our results, we have described the reasons for our use of non-GAAP measures such as
Beneficial Interest in EBITDA and Funds from Operations (FFO) under “Results of Operations – Use of Non-GAAP Measures.”
With all the preceding information as background, we then provide insight and explanations for variances in our financial results
for 2013, 2012, and 2011 under “Comparison of 2013 to 2012” and “Comparison of 2012 to 2011.” We then discuss our application
of critical accounting policies and then provide reconciliations from net income and net income allocable to common shareowners
to our non-GAAP measures.
Our discussion of sources and uses of capital resources under “Liquidity and Capital Resources” begins with a brief overview of
our financial position as of December 31, 2013. We then discuss our capital activities and transactions that occurred in 2013. After
that, analysis of specific operating, investing, and financing activities is provided in more detail.
Specific analysis of our fixed and floating rates and periods of interest rate risk exposure is provided under “Liquidity and Capital
Resources – Beneficial Interest in Debt.” Completing our analysis of our exposure to rates are the effects of changes in interest
rates on our cash flows and fair values of debt contained under “Liquidity and Capital Resources – Sensitivity Analysis.” Also see
“Liquidity and Capital Resources – Loan Commitments and Guarantees” for a discussion of compliance with debt covenants.
33
In conducting our business, we enter into various contractual obligations, including those for debt, operating leases for land and
office space, purchase obligations, and other long-term commitments. Detail of these obligations, including expected settlement
periods, is contained under “Liquidity and Capital Resources – Contractual Obligations.” Property-level debt represents the largest
single class of obligations. Described under “Liquidity and Capital Resources – Loan Commitments and Guarantees” and “Liquidity
and Capital Resources – Cash Tender Agreement and Other” are our significant guarantees and commitments.
The Mall at University Town Center, our project in Sarasota, Florida, is scheduled to open in October 2014. We also have
development projects including The Mall of San Juan, International Market Place, CityOn.Xi'an, CityOn.Zhengzhou and Hanam
Union Square, all of which are expected to open over the next several years. We also provide information on our capital spending
in 2013 and 2012, as well as planned capital spending for 2014 and spending scheduled for all new center projects through their
anticipated opening dates (see "Liquidity and Capital Resources - Capital Spending").
Dividends and distributions are also significant uses of our capital resources. The factors considered when determining the amount
of our dividends, including requirements arising because of our status as a REIT, are described under “Liquidity and Capital
Resources – Dividends.”
Mall Tenant Sales and Center Revenues
Our mall tenants reported a 1.4% increase in sales per square foot in the fourth quarter of 2013 compared to the corresponding
period in the prior year. For all of 2013, our tenant sales increased 1.8% over 2012 to a new record level for our centers of $721 per
square foot.
Over the long term, the level of mall tenant sales is the single most important determinant of revenues of the shopping centers
because mall tenants provide approximately 90% of these revenues and mall tenant sales determine the amount of rent, percentage
rent, and recoverable expenses, excluding utilities (together, total occupancy costs) that mall tenants can afford to pay. However,
levels of mall tenant sales can be considerably more volatile in the short run than total occupancy costs, and may be impacted
significantly, either positively or negatively, by the success or lack of success of a small number of tenants or even a single tenant.
We believe that the ability of tenants to pay occupancy costs and earn profits over long periods of time increases as tenant sales
per square foot increase, whether through inflation or real growth in customer spending. Because most mall tenants have certain
fixed expenses, the occupancy costs that they can afford to pay and still be profitable are a higher percentage of tenant sales at
higher sales per square foot.
Tenant sales directly impact the amount of percentage rents certain tenants and anchors pay. The effects of increases or declines
in tenant sales on our operations are moderated by the relatively minor share of total rents that percentage rents represent. Over
the last five years, percentage rent as a share of total rent has ranged from 3% to 7%.
In negotiating lease renewals, we generally intend to maximize the minimum rentals we achieve. As a result, a tenant will
generally pay a higher amount of minimum rent and an initially lower amount of percentage rent upon renewal.
While tenant sales are critical over the long term, the high quality regional mall business has been a very stable business model
with its diversity of income from thousands of tenants, its staggered lease maturities, and high proportion of fixed rent. However,
a sustained trend in sales does impact, either negatively or positively, our ability to lease vacancies and negotiate rents at
advantageous rates.
34
The following table summarizes occupancy costs, excluding utilities, for mall tenants as a percentage of mall tenant sales:
Mall tenant sales (in thousands) (1)
Sales per square foot
Consolidated Businesses:
Minimum rents
Percentage rents
Expense recoveries
Mall tenant occupancy costs as a percentage of mall tenant sales
Unconsolidated Joint Ventures:
Minimum rents
Percentage rents
Expense recoveries
Mall tenant occupancy costs as a percentage of mall tenant sales
Combined:
Minimum rents
Percentage rents
Expense recoveries
Mall tenant occupancy costs as a percentage of mall tenant sales
(1) Based on reports of sales furnished by mall tenants.
Rental Rates and Occupancy
2013
2012
2011
$ 6,180,095
$ 6,008,265
$ 5,164,916
721
708
641
8.3%
0.6
4.3
13.2%
8.1%
0.5
4.0
12.6%
8.2%
0.5
4.3
13.0%
8.1%
0.6
4.1
12.8%
7.7%
0.5
4.0
12.2%
8.0%
0.5
4.2
12.7%
8.4%
0.5
4.5
13.4%
7.9%
0.5
3.8
12.2%
8.2%
0.5
4.3
13.0%
As leases have expired in the centers, we have generally been able to rent the available space, either to the existing tenant or a
new tenant, at rental rates that are higher than those of the expired leases. Generally, center revenues have increased as older leases
rolled over or were terminated early and replaced with new leases negotiated at current rental rates that were usually higher than
the average rates for existing leases. Average rent per square foot statistics reflect the contractual rental terms of the lease currently
in effect and include the impact of rental concessions. In periods of increasing sales, rents on new leases will generally tend to
rise. In periods of slower growth or declining sales, rents on new leases will grow more slowly or will decline for the opposite
reason, as tenants' expectations of future growth become less optimistic. Average rent per square foot in 2014 is expected to be
up about 4%. Rent per square foot information for centers in our Consolidated Businesses and Unconsolidated Joint Ventures
follows:
35
Average rent per square foot:
Consolidated Businesses
Unconsolidated Joint Ventures
Combined
Opening base rent per square foot:
Consolidated Businesses
Unconsolidated Joint Ventures
Combined
Square feet of GLA opened:
Consolidated Businesses
Unconsolidated Joint Ventures
Combined
Closing base rent per square foot:
Consolidated Businesses
Unconsolidated Joint Ventures
Combined
Square feet of GLA closed:
Consolidated Businesses
Unconsolidated Joint Ventures
Combined
Releasing spread per square foot:
Consolidated Businesses
Unconsolidated Joint Ventures
Combined
Releasing spread per square foot growth:
Consolidated Businesses
Unconsolidated Joint Ventures
Combined
2013 (1) (2)
2012 (1) (2)
2011 (1) (2)
$
$
$
$
$
48.45
48.69
48.52
48.26
60.47
51.99
$
$
46.86
45.44
46.42
55.78
54.95
55.59
45.53
44.58
45.22
59.31
45.42
56.20
871,518
383,037
932,775
278,651
989,260
285,919
1,254,555
1,211,426
1,275,179
$
44.25
47.93
45.27
$
45.94
50.50
47.07
49.27
43.98
47.93
892,728
343,381
916,345
301,724
1,013,284
344,799
1,236,109
1,218,069
1,358,083
$
4.01
$
12.54
6.72
9.1%
26.2%
14.8%
9.84
4.45
8.52
21.4%
8.8%
18.1%
$
10.04
1.44
8.27
20.4%
3.3%
17.3%
(1) Statistics exclude non-comparable centers.
(2) Opening and closing statistics exclude spaces greater than 10,000 square feet.
The spread between opening and closing rents may not be indicative of future periods, as this statistic is not computed on
comparable tenant spaces, and can vary significantly from period to period depending on the total amount, location, and average
size of tenant space opening and closing in the period.
Mall tenant ending occupancy, average occupancy, and leased space rates are as follows:
Ending occupancy - all centers
Ending occupancy - comparable centers
Average occupancy - all centers
Average occupancy - comparable centers
Leased space - all centers
Leased space - comparable centers
2013
2012
2011
91.7%
92.1
90.9
91.1
93.1
93.6
91.8%
91.8
90.3
90.4
93.4
93.3
90.7%
88.8
92.4
36
We expect 2014 year-end occupancy will be about even with 2013. Temporary tenant leasing continues to be strong and ended
the year at about 4.2% for comparable centers compared to 5% in 2012 and 4.9% in 2011. Temporary tenants, defined as those
with lease terms less than or equal to a year, are not included in occupancy or leased space statistics. Tenant bankruptcy filings as
a percentage of the total number of tenant leases was 0.3% in 2013, compared to 0.7% in 2012, and 1.5% in 2011.
Seasonality
The regional shopping center industry is seasonal in nature, with mall tenant sales highest in the fourth quarter due to the
Christmas season, and with lesser, though still significant, sales fluctuations associated with the Easter holiday and back-to-school
period. While minimum rents and recoveries are generally not subject to seasonal factors, most leases are scheduled to expire in
the first quarter, and the majority of new stores open in the second half of the year in anticipation of the Christmas selling season.
Additionally, most percentage rents are recorded in the fourth quarter. Accordingly, revenues and occupancy levels are generally
highest in the fourth quarter. Gains on sales of peripheral land and lease cancellation income may vary significantly from quarter
to quarter.
Total
4th quarter
3rd quarter
2nd quarter
1st quarter
2013
Mall tenant sales (1)
Revenues and nonoperating income (expense):
Consolidated Businesses
Unconsolidated Joint Ventures
Occupancy:
Ending - comparable
Average - comparable
Ending - all centers
Average - all centers
Leased Space:
Comparable
All centers
$ 6,180,095
(in thousands, except occupancy and leased space data)
$ 1,405,246
$ 1,913,865
$ 1,406,196
$ 1,454,788
768,502
294,714
211,289
85,531
193,482
71,858
178,237
69,766
185,494
67,559
92.1%
91.1
91.7
90.9
93.6%
93.1
92.1%
92.0
91.7
91.6
93.6%
93.1
91.3%
91.1
90.9
90.8
93.1%
92.6
90.6%
90.6
90.7
90.7
92.5%
92.6
90.2%
90.4
90.3
90.4
92.3%
92.4
(1) Based on reports of sales furnished by mall tenants.
37
Because the seasonality of sales contrasts with the generally fixed nature of minimum rents and recoveries, mall tenant occupancy
costs (the sum of minimum rents, percentage rents, and expense recoveries, excluding utilities) as a percentage of sales are
considerably higher in the first three quarters than they are in the fourth quarter.
Consolidated Businesses:
Minimum rents
Percentage rents
Expense recoveries
Mall tenant occupancy costs
Unconsolidated Joint Ventures:
Minimum rents
Percentage rents
Expense recoveries
Mall tenant occupancy costs
Combined:
Minimum rents
Percentage rents
Expense recoveries
Mall tenant occupancy costs
Total
4th quarter
3rd quarter
2nd quarter
1st quarter
2013
8.3%
0.6
4.3
13.2%
8.1%
0.5
4.0
12.6%
8.2%
0.5
4.3
13.0%
6.9%
0.9
3.8
11.6%
6.9%
0.7
3.8
11.4%
6.9%
0.8
3.9
11.6%
9.0%
0.5
4.7
14.2%
9.1%
0.5
4.5
14.1%
9.0%
0.5
4.7
14.2%
9.0%
0.1
4.6
13.7%
9.0%
0.3
4.3
13.6%
9.0%
0.2
4.4
13.6%
8.8%
0.5
4.4
13.7%
7.7%
0.5
3.8
12.0%
8.5%
0.5
4.2
13.2%
38
Results of Operations
In addition to the results and trends in our operations discussed in the preceding sections, the following sections discuss certain
transactions that affected operations in 2013, 2012, and 2011, or are expected to affect operations in the future.
U.S. Development
In August 2013, a new outlet center, Taubman Prestige Outlets Chesterfield, opened in the western St. Louis suburb of
Chesterfield. In September 2013, we redeemed our outlet joint venture partner's 10% interest in this business, increasing our
ownership to 100%. City Creek Center, a mixed-use project in Salt Lake City, Utah, opened in March 2012.
Our United States development currently includes two projects that are under construction: The Mall at University Town Center,
which is scheduled to open in October 2014, and The Mall of San Juan (see "Liquidity and Capital Resources - Capital Spending
- New Developments"). In addition, we are progressing on projects in Waikiki, Honolulu, Hawaii and Miami, Florida (see "Liquidity
and Capital Resources - Capital Spending - New Developments"), with construction expected to begin on both in 2014.
U.S. Dispositions
In January 2014, we sold a total of 49.9% of our interests in the entity that owns International Plaza, including certain governance
rights, for $499 million, which consisted of $337 million of cash and approximately $162 million of beneficial interest in debt. A
gain in excess of $350 million will be recognized in the first quarter of 2014. The gain on the transaction will represent the excess
of the sales price over our book basis in the interests sold. Our book basis in the interests was not impacted by the December 2012
acquisition of an additional interest in the center, which was accounted for as an equity transaction (see Note 2 - “Acquisitions,
Dispositions, and Developments” to our consolidated financial statements). The disposition decreased our ownership in the center
to a noncontrolling 50.1% interest. We will account for our remaining interest in International Plaza under the equity method of
accounting (See "Results of Operations - U.S. Acquisitions" and Note 21 - “Subsequent Events” to our consolidated financial
statements).
Also in January 2014, we completed the sale of land in Syosset, New York relating to our former Oyster Bay project, and our
50% interest in Arizona Mills, an Unconsolidated Joint Venture, to Simon Property Group. The consideration consisted of $60
million of cash and 555,150 partnership units in Simon Property Group Limited Partnership. The number of partnership units
issued was determined based on a value of $154.91 per unit. As a result of the sale, we were relieved of our $84 million share of
the current $167 million mortgage loan on Arizona Mills, bringing the transaction's total value to $230 million. A gain in excess
of $100 million will be recognized in the first quarter of 2014.
As a result of the above transactions, Funds from Operations (FFO) for 2014 will be unfavorably impacted by approximately
$11 million ($0.12 per diluted common share). The effect of the transactions on net income allocable to common shareholders
(EPS) will be neutral due to the offsetting reduction in depreciation expense. The gains on the dispositions described above will
be excluded from FFO. See "Results of Operations - Use of Non-GAAP Measures" for the definition of FFO.
In December 2011, the mortgage lender for Regency Square accepted a deed in lieu of foreclosure on the property. As a result,
title to the property was transferred to the mortgage lender, and we were relieved of the $72.2 million of debt obligations plus
accrued interest. In 2011, we recognized a $47.4 million non-cash accounting gain on extinguishment of the debt obligation
representing the difference between the book value of the debt, interest payable and other obligations extinguished over the net
book value of the property and other assets transferred as of the transfer date.
In November 2011, the mortgage lender for The Pier Shops completed the foreclosure on the property. As a result, title to the
property was transferred to the mortgage lender and we were relieved of the $135 million of debt obligations plus accrued interest.
In 2011, we recognized a $126.7 million non-cash accounting gain on extinguishment of the debt obligation representing the
difference between the book value of the debt, interest payable and other obligations extinguished over the net book value of the
property and other assets transferred as of the transfer date.
Financial results of The Pier Shops and Regency Square are classified in discontinued operations for all periods presented in
the Consolidated Statement of Operations and Comprehensive Income.
39
U.S. Acquisitions
In December 2012, we acquired an additional 49.9% interest in International Plaza, located in Tampa, Florida, bringing our
ownership in the shopping center to 100%. The $437 million purchase price for the outside partner's interest in the consolidated
joint venture that owns the center consisted of $275 million of cash and approximately $162 million of beneficial interest in debt.
The excess of the purchase price over the net book value of the interest acquired was accounted for as a reduction of additional
paid-in-capital and equity of the noncontrolling partners in TRG. Subsequently, in January 2014, we sold 49.9% of our interests
in the entity that owns the center (See "Results of Operations - U.S. Dispositions").
Also in December 2012, we acquired an additional 25% interest in Waterside Shops, which brought our ownership interest in
the center to 50%. The $155 million purchase price for 50% of the center consisted of $72.5 million of cash and $82.5 million of
beneficial interest in debt. Our share of the consideration for the additional interest was $77.5 million, which consisted of cash
and beneficial interest in debt of $36.3 million and $41.3 million, respectively. Our share of the difference between the purchase
price and the net book value of the additional interest in the Unconsolidated Joint Venture was $52.7 million, which was allocated
to land, buildings, improvements, and equipment. Beneficial interest in debt was increased by a $3.9 million purchase accounting
premium to record the debt at fair value. The premium is being amortized as a reduction of interest expense over the remaining
term of the debt and had a $2.9 million balance at December 31, 2013.
In December 2011, we acquired The Mall at Green Hills in Nashville, Tennessee, and The Gardens on El Paseo and El Paseo
Village in Palm Desert, California from affiliates of Davis Street Properties, LLC. The consideration for the properties was $560
million. The consideration consisted of the assumption of $206 million of debt, $281.5 million in installment notes, and the issuance
of 1.3 million of Operating Partnership units. The consideration was allocated to land; buildings, improvements, and equipment;
and deferred charges and other assets. Beneficial interest in debt was increased by a $9.6 million purchase accounting premium
to record the debt at fair value. The premium is being amortized as a reduction of interest expense over the remaining terms of
the debt and had a $2.9 million balance at December 31, 2013. In addition, a liability was recorded to adjust the purchase price
for below market rentals. The installment notes were repaid in 2012.
Taubman Asia
We have formed a joint venture with Beijing Wangfujing Department Store (Group) Co., Ltd (Wangfujing), one of China's
largest department store chains, to build a shopping mall, CityOn.Zhengzhou, in Zhengzhou, China. As of December 31, 2013,
we had invested $39.4 million in the project, including cumulative currency translation adjustments (see "Liquidity and Capital
Resources - Capital Spending - New Developments").
We have also formed a joint venture with Wangfujing to own an interest in a shopping center, CityOn.Xi'an, to be located at
Xi'an Saigao City Plaza in Xi'an, China. As of December 31, 2013, we had invested $56.1 million in the project, including cumulative
currency translation adjustments (see "Liquidity and Capital Resources - Capital Spending - New Developments").
We have invested in a shopping mall project in Hanam, Gyeonggi Province, South Korea (Hanam Union Square) in which we
have partnered with Shinsegae Group (Shinsegae), South Korea's largest retailer. As of December 31, 2013, we had invested $97.8
million, including cumulative currency translation adjustments (see "Liquidity and Capital Resources - Capital Spending - New
Developments").
In August 2012, IFC Mall opened in Yeouido, South Korea. We provide management and leasing services for the 0.4 million
square foot mall. We recognized the first installment of the leasing success fee in 2011, the second installment in 2012, and the
final installment in September 2013.
In 2013, we signed an agreement to provide management, leasing, and development services for the retail portion of Studio
City, a cinematically-themed integrated entertainment, retail and gaming resort developed by Melco Crown Entertainment Limited
in the Cotai region of Macau, China. We will have no ownership interest in the center.
In November 2012, we sold assets of Taubman TCBL, which eliminated our ownership of the third party business of this
company, which was acquired in 2011. The assets were sold for $15.5 million, an amount approximately equal to our investment
in Taubman TCBL. The purchase price was adjusted for certain working capital and other costs. In connection with the sale, we
incurred People's Republic of China (PRC) taxes of $3.2 million.
40
Center Operations
For the year ended December 31, 2013, NOI excluding lease cancellation income was up 3.4% from 2012. We estimate that
NOI of our comparable centers, excluding lease cancellation income, will be up about 3% in 2014. We expect an increase in tenant
rents resulting from a higher average rent per square foot. Other revenue line items of comparable centers, including net recoveries,
percentage rent, and other income are expected to be relatively flat on a combined basis. See “Results of Operations – Use of Non-
GAAP Measures” for the definition and discussion of NOI and see “Reconciliation of Net Income to Net Operating Income.”
Management, Leasing and Development Services
We expect net management, leasing, and development income to be $7 million to $8 million in 2014, including the impact of
the services contract as described under "Taubman Asia" above for the retail project in Macau. Our management and leasing
services to Woodfield Mall in Schaumburg, Illinois were terminated in November 2012. Also see "Taubman Asia" above regarding
the recent IFC Mall service fees and the disposition of Taubman TCBL's third party business.
Other Income
We have certain additional sources of income beyond our rental revenues, recoveries from tenants, and revenues from
management, leasing, and development services, as summarized in the following table. Shopping center related revenues include
parking, sponsorship, and other income. Lease cancellation revenue is primarily dependent on the overall economy and performance
of particular retailers in specific locations and can vary significantly. Our share of lease cancellation income from continuing
operations over the last five years ranged from 2011's $2.6 million to 2010’s $21.6 million. In 2014, we are currently estimating
our share of lease cancellation income to be approximately $4 million. Gains on peripheral land sales can also vary significantly
from year-to-year, depending on the results of negotiations with potential purchasers of land, as well as the economy and the timing
of the transactions. In February 2013, we closed on a peripheral land sale with a $0.9 million gain. We are not expecting peripheral
land sale gains, if any, in 2014 to be significant.
2013
2012
2011
Consolidated
Businesses
Unconsolidated
Joint Ventures
Consolidated
Businesses
Unconsolidated
Joint Ventures
Consolidated
Businesses
Unconsolidated
Joint Ventures
(Operating Partnership’s share in millions)
Other income from
continuing operations:
Shopping center related
revenues
Lease cancellation
revenue
Nonoperating income
(expense):
Gains on sales of
peripheral land
Gain on sale of
marketable securities
Nonoperating expense
Interest income
$
$
$
$
26.6
$
4.2
30.8
$
0.9
1.3
(1.0)
0.2
1.3
(1) Amounts in this table may not add due to rounding.
Other Expenses
3.5
$
25.7
$
3.1
$
22.3
$
0.8
4.3
3.3
$
29.1
$
0.8
3.8
$
$
0.3
0.3
$
$
$
2.7
0.4
3.1
2.3
24.5
$
0.5
0.7
1.2
$
$
0.1
0.1
In 2013, we began classifying certain Asia expenses in general and administrative expense, as opposed to pre-development
expense. We moved from mainly a pursuit and third party business to one that is primarily executing investments in new projects.
This is consistent with the presentation of our U.S. business.
41
During 2013, we incurred $50.0 million of general and administrative expenses. Our quarterly general and administrative expense
run rate is expected to continue to average between $12 million and $13 million, including both U.S. and Asia costs.
We expense all costs relating to a potential development, including payroll, until it is considered probable the development of
the project will go forward. In 2013, our share of such expenses was $10.6 million. In 2014, we expect our share of this pre-
development expense, including that for both the U.S. and Asia, to be in the range of $6 million to $7 million.
Debt Transactions
A series of debt financings were completed in the three-year period ended December 31, 2013 as follows:
Date
Initial Loan
Balance/Facility
Amount
(in millions)
TRG term loan (2)
The Mall at Green Hills
November 2013
$
November 2013
The Mall at University Town Center
October 2013
City Creek Center
TRG primary revolving credit facility (4)
Great Lakes Crossing Outlets
Taubman Land Associates
The Mall at Millenia (5)
Sunvalley
Westfarms
July 2013
February 2013
January 2013
November 2012
October 2012
August 2012
June 2012
TRG secondary revolving credit facility
April 2012
International Plaza
Fair Oaks
TRG primary revolving credit facility
November 2011
July 2011
July 2011
475
150
225
85
1,100
225
24
350
190
320
65
325
275
650
Stated
Interest Rate
Maturity Date(1)
LIBOR + 1.35% (2)
LIBOR + 1.60%
LIBOR + 1.70% (3)
4.37%
LIBOR + 1.45% (4)
3.60%
3.84%
4.00%
4.44%
4.50%
LIBOR + 1.40%
4.85%
LIBOR + 1.70% (6)
LIBOR + 1.75%
February 2019
December 2018
October 2016
August 2023
March 2017
January 2023
November 2022
October 2024
September 2022
July 2022
April 2014
December 2021
July 2018
January 2015
(1) Excludes any options to extend the maturities (see the footnotes to our financial statements regarding extension options).
(2) The $475 million unsecured term loan includes an accordion feature that would increase the borrowing capacity up to $600 million, if fully
exercised. The loan bears interest at a range of LIBOR plus 1.35% to LIBOR plus 1.90% based on our total leverage ratio. Beginning
January 2, 2014, the LIBOR interest rate was swapped to 1.65% until maturity. Proceeds from the unsecured loan were utilized to pay off
the mortgage payable on Beverly Center in November 2013.
(3) The interest rate decreases to LIBOR + 1.60% upon the achievement of certain performance measures.
(4) The loan includes an accordion feature that would increase the borrowing capacity to as much as $1.5 billion, if fully exercised. The loan
bears interest at a range of LIBOR plus 1.45% to LIBOR plus 1.85% based on our leverage ratio.
(5) Since the refinancing of this loan was earlier than allowed under the agreement, the joint venture incurred a $3.2 million defeasance charge,
of which $1.6 million was our share.
(6) The loan has been swapped to an effective rate of 4.10% through April 2018.
In January 2014, we used funds from the sale of a total of 49.9% of our interests in the entity that owns International Plaza to
pay down the $99.5 million loan on Stony Point Fashion Park that was scheduled to mature in June 2014 (See "Liquidity and
Capital Resources").
In January 2014, we were relieved of our $84 million share of the $167 million mortgage loan outstanding on Arizona Mills at
the time of the sale.
In December 2012, our beneficial interest in debt of International Plaza increased by $162 million upon the acquisition of a
49.9% additional interest in this center, but decreased in January 2014 by this same amount upon the disposition of a total of 49.9%
of our interests. As of December 31, 2013 and 2012, International Plaza was consolidated in our financial statements; therefore,
the center's $325 million mortgage debt was presented at 100% in our consolidated balance sheet as of these dates.
42
Also in December 2012, we assumed $41.3 million of additional beneficial interest in debt as part of our purchase of an additional
25% interest in the Unconsolidated Joint Venture Waterside Shops (see "Results of Operations - U.S. Acquisitions").
In December 2011, we assumed $206 million of debt in relation to the acquisition of The Mall at Green Hills, The Gardens on
El Paseo and El Paseo Village (see "Results of Operations - U.S. Acquisitions").
Other Equity Transactions
In September 2013, we began repurchasing common shares under a $200 million share repurchase program. Repurchases of
common stock were financed through general corporate funds, including borrowings under existing revolving lines of credit. As
of December 31, 2013, we repurchased 786,805 shares of our common stock at an average price of $66.45 per share, for a total
of $52.3 million under the authorization. All shares repurchased have been cancelled. For each share of our stock repurchased, an
equal number of our Operating Partnership units were redeemed. As of December 31, 2013, $147.7 million remained of the August
2013 authorization.
In September 2013, we redeemed our outlet joint venture partner's 10% interest in this business for $1.1 million, increasing
our ownership to 100%.
In March 2013, we issued 6,800,000 shares or $170 million of 6.25% Series K Cumulative Redeemable Preferred Stock (Series
K Preferred Stock). Offering costs of $5.6 million were incurred in connection with this issuance. Net proceeds after offering costs
of $164.4 million were used to reduce outstanding borrowings under our revolving lines of credit.
In August 2012, we issued 7,700,000 shares or $192.5 million of 6.5% Series J Preferred Stock. Proceeds from the issuance
were used to redeem all of our $100 million 8.00% Series G Preferred Stock and $87 million 7.625% Series H Preferred Stock in
September 2012. We recognized a $6.4 million charge representing the difference in the book values over the redemption amounts
of the Series G and Series H Preferred Stock redeemed.
We sold 2,875,000 and 2,012,500 of our common shares in August 2012 and June 2011, respectively. The proceeds from both
offerings were used to acquire an equal number of Operating Partnership units and the Operating Partnership paid all offering
costs. The Operating Partnership used the net proceeds of $208.9 million and $112 million, respectively, to reduce outstanding
borrowings under our revolving lines of credit.
In October 2011, we redeemed the Operating Partnership's 8.2% Series F Preferred Equity for $27 million, which represented
a $2.2 million discount from the book value. The $2.2 million excess of the book value over the redemption amount was reflected
as a reduction in earnings allocated to the noncontrolling interests in 2011.
Use of Non-GAAP Measures
We use Net Operating Income (NOI) as an alternative measure to evaluate the operating performance of centers, both on individual
and stabilized portfolio bases. We define NOI as property-level operating revenues (includes rental income excluding straight-
line adjustments of minimum rent) less maintenance, taxes, utilities, promotion, ground rent (including straight-line adjustments),
and other property operating expenses. Since NOI excludes general and administrative expenses, pre-development charges, interest
income and expense, depreciation and amortization, impairment charges, restructuring charges, and gains from land and property
dispositions, it provides a performance measure that, when compared period over period, reflects the revenues and expenses most
directly associated with owning and operating rental properties, as well as the impact on their operations from trends in tenant
sales, occupancy and rental rates, and operating costs. We also use NOI excluding lease cancellation income as an alternative
measure because this income may vary significantly from period to period, which can affect comparability and trend analysis. We
generally provide separate projections for expected NOI growth and our lease cancellation income.
The operating results in the following table include the supplemental earnings measures of Beneficial Interest in EBITDA and
FFO. Beneficial Interest in EBITDA represents our share of the earnings before interest, income taxes, and depreciation and
amortization of our consolidated and unconsolidated businesses. We believe Beneficial Interest in EBITDA provides a useful
indicator of operating performance, as it is customary in the real estate and shopping center business to evaluate the performance
of properties on a basis unaffected by capital structure.
43
The National Association of Real Estate Investment Trusts (NAREIT) defines FFO as net income (computed in accordance with
Generally Accepted Accounting Principles (GAAP)), excluding gains (or losses) from extraordinary items and sales of properties
and impairment write-downs of depreciable real estate, plus real estate related depreciation and after adjustments for unconsolidated
partnerships and joint ventures. We believe that FFO is a useful supplemental measure of operating performance for REITs.
Historical cost accounting for real estate assets implicitly assumes that the value of real estate assets diminishes predictably over
time. Since real estate values instead have historically risen or fallen with market conditions, we and most industry investors and
analysts have considered presentations of operating results that exclude historical cost depreciation to be useful in evaluating the
operating performance of REITs. We primarily use FFO in measuring performance and in formulating corporate goals and
compensation.
We may also present adjusted versions of NOI, Beneficial Interest in EBITDA, and FFO when used by management to evaluate
our operating performance when certain significant items have impacted our results that affect comparability with prior or future
periods due to the nature or amounts of these items. In addition to the reasons noted above for each measure, we believe the
disclosure of the adjusted items is similarly useful to investors and others to understand management's view on comparability of
such measures between periods. In 2012, FFO was adjusted for the charge upon redemption of our Series G and H Preferred Stock,
the PRC tax on sale of assets of Taubman TCBL, and the loss on extinguishment of debt related to the refinancing of The Mall at
Millenia. In 2011, FFO was adjusted for the gains on extinguishment of debt related to the disposition of The Pier Shops and
Regency Square, acquisition costs related to The Mall at Green Hills, The Gardens on El Paseo and El Paseo Village, and Taubman
TCBL, and our redemption of the Operating Partnership's Series F Preferred Equity. FFO was not adjusted in 2013.
Our presentations of NOI, Beneficial Interest in EBITDA, FFO, and adjusted versions of these measures, if any, are not necessarily
comparable to the similarly titled measures of other REITs due to the fact that not all REITs use the same definitions. These
measures should not be considered alternatives to net income or as an indicator of our operating performance. Additionally, these
measures do not represent cash flows from operating, investing or financing activities as defined by GAAP. Reconciliations of
Net Income Attributable to Taubman Centers, Inc. Common Shareowners to Funds from Operations and Adjusted Funds from
Operations, Net Income to Beneficial Interest in EBITDA, and Net Income to Net Operating Income are presented following
“Application of Critical Accounting Policies.”
44
Comparison of 2013 to 2012
The following table sets forth operating results for 2013 and 2012, showing the results of the Consolidated Businesses and Unconsolidated
Joint Ventures:
2013
2012
CONSOLIDATED
BUSINESSES
UNCONSOLIDATED
JOINT VENTURES
AT 100%(1)
CONSOLIDATED
BUSINESSES
UNCONSOLIDATED
JOINT VENTURES
AT 100%(1)
(in millions)
REVENUES:
Minimum rents
Percentage rents
Expense recoveries
Management, leasing, and development services
Other
Total revenues
EXPENSES:
Maintenance, taxes, utilities, and promotion
Other operating
Management, leasing, and development services
General and administrative
Interest expense (2)
Depreciation and amortization (3)
Total expenses
Nonoperating income (expense)
Income before income tax expense and equity in income of
Unconsolidated Joint Ventures
Income tax expense (4)
Equity in income of Unconsolidated Joint Ventures (3)
Net income
Net income attributable to noncontrolling interests:
Noncontrolling share of income of consolidated joint
ventures
Noncontrolling share of income of TRG
Distributions to participating securities of TRG
Preferred stock dividends (5)
Net income attributable to Taubman Centers, Inc. common
shareowners
SUPPLEMENTAL INFORMATION (6):
EBITDA - 100%
EBITDA - outside partners' share
Beneficial interest in EBITDA
Beneficial interest expense (2)
Beneficial income tax expense - TRG and TCO
Beneficial income tax expense - TCO
Non-real estate depreciation
Preferred dividends and distributions (5)
Funds from Operations contribution
$
$
$
$
$
$
$
$
$
417.7
28.5
272.5
16.1
32.3
767.2
215.8
71.2
5.3
50.0
130.0
155.8
628.2
1.3
140.3
(3.4)
52.5
189.4
(10.3)
(46.4)
(1.7)
(20.9)
109.9
426.1
(24.1)
402.0
(121.4)
(3.4)
0.2
(3.0)
(20.9)
253.5
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
172.3
10.3
104.2
8.0
294.7
75.0
15.4
67.9
39.3
197.7
—
97.0
204.3
(89.4)
114.9
(37.6)
77.4
$
398.3
28.0
258.3
31.8
31.6
748.0
201.6
73.2
27.4
39.7
142.6
149.5
634.0
0.3
114.3
(5.0)
48.5
157.8
(11.9)
(39.7)
(1.6)
(21.1)
83.5
406.4
(38.3)
368.2
(126.0)
(4.9)
(2.7)
(21.1)
213.5
$
$
$
$
$
$
$
$
161.8
10.7
102.5
7.1
282.1
73.0
14.9
68.8
38.3
195.0
—
87.2
194.3
(87.2)
107.0
(35.9)
71.2
(1) With the exception of the Supplemental Information, amounts include 100% of the Unconsolidated Joint Ventures. Amounts are net of intercompany transactions. The Unconsolidated
Joint Ventures are presented at 100% in order to allow for measurement of their performance as a whole, without regard to our ownership interest. In our consolidated financial
statements, we account for investments in the Unconsolidated Joint Ventures under the equity method.
Includes a charge related to the early extinguishment of debt at The Mall at Millenia in October 2012 of $3.2 million, of which TRG's share is $1.6 million.
(2)
(3) Amortization of our additional basis in the Operating Partnership included in depreciation and amortization was $4.9 million in both 2013 and 2012. Also, amortization of our
additional basis included in equity in income of Unconsolidated Joint Ventures was $1.9 million in both 2013 and 2012.
Income tax expense for 2012 includes PRC taxes of $3.2 million on the sale of Taubman TCBL assets.
See "Results of Operations - Other Equity Transactions" for information regarding the Preferred Stock that was redeemed during 2012.
See “Results of Operations– Use of Non-GAAP Measures” for the definition and discussion of EBITDA and FFO.
(4)
(5)
(6)
(7) Amounts in this table may not add due to rounding.
45
Consolidated Businesses
Total revenues for the year ended December 31, 2013 were $767.2 million, a $19.2 million or 2.6% increase over 2012. Minimum
rents increased primarily due to increases in average rent per square foot and average occupancy, as well as non-comparable
centers. Expense recoveries increased primarily due to an increase in recoverable property taxes, an increase in fixed CAM revenue,
and City Creek and Chesterfield (non-comparable centers). Management, leasing, and development revenue decreased primarily
due to the elimination of the third party business of Taubman TCBL, the loss of the Woodfield Mall contract, and a decrease in
reimbursable costs, partially offset by our final leasing success fee for our leasing of IFC Mall in Seoul, South Korea and our
services for Studio City in the Cotai region of Macau, China.
Total expenses were $628.2 million, a $5.8 million or 0.9% decrease from 2012. Maintenance, taxes, utilities, and promotion
expense increased due to increased property taxes and maintenance costs at certain centers, as well as non-comparable centers.
Other operating expense decreased due to the reclassification of certain Asia costs to general and administrative expense (see
"Results of Options - Taubman Asia"), partially offset by an increase in development expense and non-comparable centers.
Management, leasing and development expenses decreased primarily due to the elimination of the third party business of Taubman
TCBL, the loss of the Woodfield Mall contract, and a decrease in reimbursable costs. General and administrative expense increased
due to the reclassification of certain Asia costs to general and administrative expense. Interest expense decreased due to the 2012
and the 2013 equity offerings, capitalization of U.S. and Asia development projects, the payoff of the Beverly Center loan, and
the refinancing of our loan on The Mall at Green Hills. These decreases in interest expense were partially offset by interest on
borrowings for our acquisitions, the financing of City Creek Center, and the write-off of original deferred financing costs upon
the refinancing of our primary revolving line of credit. Depreciation expense increased primarily due to write-offs of fixed assets
at certain centers and changes in depreciable lives of tenant allowances in connection with early terminations.
In 2013, non-comparable centers contributed total operating revenues of $28.7 million, and incurred operating expenses,
excluding interest, depreciation, and amortization, of $18.4 million. In 2012, non-comparable centers contributed total operating
revenues of $19.7 million, and incurred operating expenses of $11.4 million.
Nonoperating income increased by $1.0 million in 2013 due to a gain on the sale of marketable securities as well as a gain on
the sale of peripheral land, and was offset by an increase in nonoperating expenses primarily related to the 2014 dispositions of
Arizona Mills and interests in International Plaza. Income tax expense decreased primarily as a result of the nonrecurring PRC
tax on sale of assets of Taubman TCBL in 2012.
Unconsolidated Joint Ventures
Total revenues for the year ended December 31, 2013 were $294.7 million, a $12.6 million or 4.5% increase from 2012. Minimum
rents increased primarily due to increased average rent per square foot partially offset by a decrease in average occupancy. Expense
recoveries increased due to increased recoverable property taxes and increased fixed CAM revenue.
Total expenses increased by $2.7 million or 1.4%, to $197.7 million for the year ended December 31, 2013. Maintenance, taxes,
utilities, and promotion expense increased primarily due to increased property taxes and electricity costs at certain centers. Interest
expense decreased due to the October 2012 refinancing of The Mall at Millenia which included the charge on the early
extinguishment of its debt, as well as the amortization of the Waterside Shops purchase accounting premium to record the debt at
fair value, offset by the refinancings of Westfarms and Sunvalley with larger loan amounts in 2012. Depreciation expense increased
primarily due to the depreciation of abandoned fixed assets at certain centers and the acquisition of the additional interest in
Waterside Shops.
As a result of the foregoing, income of the Unconsolidated Joint Ventures increased by $9.8 million to $97.0 million. Our equity
in income of the Unconsolidated Joint Ventures was $52.5 million, a $4.0 million increase from 2012.
Net Income
Net income increased by $31.6 million for the year ended December 31, 2013. After allocation of income to noncontrolling,
preferred, and participating interests, the net income attributable to common shareowners for 2013 was $109.9 million compared
to $83.5 million in 2012.
46
FFO and FFO per Share
Our FFO was $330.8 million for 2013 compared to $284.7 million for 2012. FFO per diluted share was $3.65 in 2013 compared
to $3.21 in 2012. Adjusted FFO in 2012, which excludes charges upon redemption of the Series G and H Preferred Stock, the PRC
tax on sale of assets of Taubman TCBL, and the loss on extinguishment of debt related to The Mall at Millenia refinancing was
$295.8 million. See “Results of Operations – Use of Non-GAAP Measures” for the definition of FFO and “Reconciliation of Net
Income Attributable to Taubman Centers, Inc. Common Shareowners to Funds from Operations and Adjusted Funds from
Operations.”
47
Comparison of 2012 to 2011
The following table sets forth operating results for 2012 and 2011, showing the results of the Consolidated Businesses and
Unconsolidated Joint Ventures:
2012
2011
CONSOLIDATED
BUSINESSES
UNCONSOLIDATED
JOINT VENTURES
AT 100%(1)
CONSOLIDATED
BUSINESSES
UNCONSOLIDATED
JOINT VENTURES
AT 100%(1)
(in millions)
REVENUES:
Minimum rents
Percentage rents
Expense recoveries
Management, leasing, and development services
Other
Total revenues
EXPENSES:
Maintenance, taxes, utilities, and promotion
Other operating
Management, leasing, and development services
General and administrative
Acquisition costs
Interest expense (2)
Depreciation and amortization (3)
Total expenses
Nonoperating income
Income from continuing operations before income tax expense and
equity in income of Unconsolidated Joint Ventures
Income tax expense (4)
Equity in income of Unconsolidated Joint Ventures (3)
Income from continuing operations
Discontinued operations (5):
Gain on extinguishment of debt
Other discontinued operations
Net income
Net income attributable to noncontrolling interests:
Noncontrolling share of income of consolidated joint ventures
TRG Series F preferred distributions (6)
Noncontrolling share of income of TRG - continuing operations
Noncontrolling share of income of TRG - discontinued
operations
Distributions to participating securities of TRG
Preferred stock dividends (6)
Net income attributable to Taubman Centers, Inc. common
shareowners
SUPPLEMENTAL INFORMATION (7):
EBITDA - 100%
EBITDA - outside partners' share
Beneficial interest in EBITDA
Beneficial interest expense (2)
Beneficial income tax expense
Non-real estate depreciation
Preferred dividends and distributions (6)
Funds from Operations contribution
$
$
$
$
$
$
$
$
$
$
398.3
28.0
258.3
31.8
31.6
748.0
201.6
73.2
27.4
39.7
142.6
149.5
634.0
0.3
114.3
(5.0)
48.5
157.8
157.8
(11.9)
(39.7)
(1.6)
(21.1)
83.5
406.4
(38.3)
368.2
(126.0)
(4.9)
(2.7)
(21.1)
213.5
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
161.8
10.7
102.5
7.1
282.1
73.0
14.9
68.8
38.3
195.0
—
87.2
194.3
(87.2)
107.0
(35.9)
71.2
$
$
$
$
$
$
342.6
20.4
229.3
25.6
27.1
644.9
179.1
67.3
12.0
31.6
5.3
122.3
132.7
550.2
1.3
95.9
(0.6)
46.1
141.4
174.2
(28.2)
287.4
(14.4)
0.4
(36.2)
(44.3)
(1.5)
(14.6)
176.7
528.7
(37.7)
491.0
(131.6)
(0.6)
(2.6)
(14.3)
342.0
$
$
$
155.7
9.0
95.9
5.8
266.5
67.9
14.4
61.0
39.3
182.6
0.2
84.0
184.3
(83.6)
100.8
(31.6)
69.2
(1) With the exception of the Supplemental Information, amounts include 100% of the Unconsolidated Joint Ventures. Amounts are net of intercompany transactions. The Unconsolidated
Joint Ventures are presented at 100% in order to allow for measurement of their performance as a whole, without regard to our ownership interest. In our consolidated financial
statements, we account for investments in the Unconsolidated Joint Ventures under the equity method.
Includes a charge related to the early extinguishment of debt at The Mall at Millenia in October 2012 of $3.2 million, of which TRG's share is $1.6 million.
(2)
(3) Amortization of our additional basis in the Operating Partnership included in depreciation and amortization was $4.9 million in both 2012 and 2011. Also, amortization of our
additional basis included in equity in income of Unconsolidated Joint Ventures was $1.9 million in both 2012 and 2011.
Income tax expense for 2012 includes PRC taxes of $3.2 million on the sale of Taubman TCBL assets.
Includes the operations of The Pier Shops and Regency Square.
See "Results of Operations - Other Equity Transactions" for information regarding the Preferred Stock that was redeemed during 2012.
See “Results of Operations– Use of Non-GAAP Measures” for the definition and discussion of EBITDA and FFO.
(4)
(5)
(6)
(7)
(8) Amounts in this table may not add due to rounding.
48
Consolidated Businesses
Total revenues for the year ended December 31, 2012 were $748.0 million, a $103.1 million or 16.0% increase over 2011.
Minimum rents increased primarily due to non-comparable centers, as well as average rent per square foot and average occupancy.
Percentage rents increased primarily due to higher tenant sales. Expense recoveries increased primarily due to non-comparable
centers, as well as an increase in fixed CAM revenue. Management, leasing, and development revenue increased primarily due
to an increase in revenue related to Taubman Asia, partially offset by a one-time collection in 2011 of past due development fees
for services provided in previous years on the Riverstone project in Songdo International Business District, Incheon, South Korea.
Other income increased primarily due to an increase in sponsorship revenue and income from City Creek Center.
Total expenses were $634.0 million, an $83.8 million or 15.2% increase from 2011. Maintenance, taxes, utilities, and promotion
expense increased due to non-comparable centers. Other operating expense increased primarily due to non-comparable centers
and increased payroll expenses, and was partially offset by decreases in development charges. Management, leasing and
development expenses increased primarily due to costs incurred by Taubman TCBL. General and administrative expense increased
primarily due to increased compensation expense and professional fees. Interest expense increased primarily due to the non-
comparable centers and the November 2011 refinancing of the International Plaza loan at a fixed interest rate higher than the
previous floating rate, partially offset by the impact of lower borrowings due to the common share issuance. Depreciation expense
increased primarily due to non-comparable centers, partially offset by changes in depreciable lives of tenant allowances in
connection with early terminations in 2011.
In 2012, non-comparable centers contributed total operating revenues of $56.1 million, and incurred operating expenses,
excluding interest, depreciation, and amortization, of $26.4 million. In 2011, non-comparable centers (excluding Regency Square
and The Pier Shops) contributed total operating revenues of $0.9 million, and incurred operating expenses of $0.2 million. For
purposes of comparing 2012 to 2011, non-comparable centers include The Mall at Green Hills, The Gardens on El Paseo and El
Paseo Village, The Pier Shops, and Regency Square.
Nonoperating income decreased by $1.0 million in 2012. There were no land sales in 2012, compared to $0.5 million in 2011.
Income tax expense increased primarily as a result of the PRC tax on sale of assets of Taubman TCBL.
Unconsolidated Joint Ventures
Total revenues for the year ended December 31, 2012 were $282.1 million, a $15.6 million or 5.9% increase from 2011. Minimum
rents increased primarily due to increases in average rent per square foot and average occupancy. Expense recoveries increased
due to increased expenses and fixed CAM revenue as a result of higher occupancy, as well as higher property taxes. This was
partially offset by a property tax refund received in the prior year.
Total expenses increased by $12.4 million or 6.8%, to $195.0 million for the year ended December 31, 2012. Maintenance,
taxes, utilities, and promotion expense increased primarily due to increased property taxes and maintenance costs at certain centers,
as well as the property tax refund received in the prior year. Interest expense increased due to the October 2012 refinancing of
The Mall at Millenia which included the charge on the early extinguishment of its debt, the August 2012 refinancing of Sunvalley,
the June 2012 refinancing of Westfarms, all at higher principal balances, and the July 2011 refinancing of the Fair Oaks loan at a
higher rate.
As a result of the foregoing, income of the Unconsolidated Joint Ventures increased by $3.2 million to $87.2 million. Our equity
in income of the Unconsolidated Joint Ventures was $48.5 million, a $2.4 million increase from 2011.
Net Income
Income from continuing operations increased by $16.4 million for the year ended December 31, 2012. The income from
discontinued operations in 2011 includes $174.2 million of gains on extinguishment of debt relating to The Pier Shops and Regency
Square. Net income decreased by $129.6 million to $157.8 million from 2011 due to the gains on extinguishment of debt. After
allocation of income to noncontrolling and preferred interests, the net income allocable to common shareowners for 2012 was
$83.5 million compared to $176.7 million in 2011.
49
FFO and FFO per Share
Our FFO was $284.7 million for 2012 compared to $411.1 million for 2011. FFO per diluted share was $3.21 in 2012 compared
to $4.86 in 2011. Adjusted FFO in 2012, which excludes charges upon redemption of the Series G and H Preferred Stock, the PRC
tax on sale of assets of Taubman TCBL, and the loss on extinguishment of debt related to The Mall at Millenia refinancing was
$295.8 million in 2012 compared to $240.0 million for 2011. Adjusted FFO in 2011 excludes acquisition costs, the Series F
Preferred Equity redemption and the gains on extinguishment of debt. See “Results of Operations – Use of Non-GAAP Measures”
for the definition of FFO and “Reconciliation of Net Income Attributable to Taubman Centers, Inc. Common Shareowners to
Funds from Operations and Adjusted Funds from Operations.”
Application of Critical Accounting Policies
The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management
to make estimates and assumptions that affect the financial statements and disclosures. Some of these estimates and assumptions
require application of difficult, subjective, and/or complex judgment, often about the effect of matters that are inherently uncertain
and that may change in subsequent periods. We are required to make such estimates and assumptions when applying the following
accounting policies.
Valuation of Shopping Centers
The viability of all projects under construction or development, including those owned by Unconsolidated Joint Ventures, are
regularly evaluated under applicable accounting requirements, including requirements relating to abandonment of assets or changes
in use. To the extent a project, or individual components of the project, are no longer considered to have value, the related capitalized
costs are charged against operations. Additionally, all properties are reviewed for impairment on an individual basis whenever
events or changes in circumstances indicate that their carrying value may not be recoverable. Impairment of a shopping center
owned by consolidated entities is recognized when the sum of expected cash flows (undiscounted and without interest charges)
is less than the carrying value of the property. Other than temporary impairment of an investment in an Unconsolidated Joint
Venture is recognized when the carrying value is not considered recoverable based on evaluation of the severity and duration of
the decline in value, including the results of discounted cash flow and other valuation techniques. The expected cash flows of a
shopping center are dependent on estimates and other factors subject to change, including (1) changes in the national, regional,
global, and/or local economic climates, (2) competition from other shopping centers, stores, clubs, mailings, and the internet,
(3) increases in operating costs, (4) bankruptcy and/or other changes in the condition of third parties, including anchors and tenants,
(5) expected holding period, and (6) availability of and cost of financing. These factors could cause our expected future cash flows
from a shopping center to change, and, as a result, an impairment could be considered to have occurred. To the extent impairment
has occurred, the excess carrying value of the asset over its estimated fair value is charged to income.
No impairment charges were recognized in 2013, 2012 or 2011. As of December 31, 2013, the consolidated net book value of
our properties was $3.0 billion, representing approximately 85% of our consolidated assets. We also have varying ownership
percentages in the properties of Unconsolidated Joint Ventures with a total combined net book value of $0.8 billion. These amounts
include certain development costs that are described in the policy that follows.
Capitalization of Development Costs
In developing shopping centers, we typically obtain land or land options, zoning and regulatory approvals, anchor commitments,
and financing arrangements during a process that may take several years and during which we may incur significant costs. We
capitalize all development costs once it is considered probable that a project will reach a successful conclusion. Prior to this time,
we expense all costs relating to a potential development, including payroll, and include these costs in Funds from Operations (see
"Results of Operations – Use of Non-GAAP Measures").
On an ongoing basis, we continue to assess the probability of a project going forward and whether the asset is impaired. In
addition, we also assess whether there are sufficient substantive development activities in a given period to support the capitalization
of carrying costs, including interest capitalization.
Direct and indirect costs that are clearly related to the acquisition, development, construction, and improvement of properties
are capitalized. Compensation costs are allocated based on actual time spent on a project. Costs incurred on real estate for ground
leases, property taxes, insurance, and interest costs for qualifying assets are capitalized during periods in which activities necessary
to get the property ready for its intended use are in progress.
50
Many factors in the development of a shopping center are beyond our control, including (1) changes in the national, regional,
global, and/or local economic climates, (2) competition from other shopping centers, stores, clubs, mailings, and the Internet,
(3) availability and cost of financing, (4) changes in regulations, laws, and zoning, and (5) decisions made by third parties, including
anchors. These factors could cause our assessment of the probability of a development project reaching a successful conclusion
to change. If a project subsequently was considered less than probable of reaching a successful conclusion, a charge against
operations for previously capitalized development costs would occur.
As of December 31, 2013, our beneficial interest in construction work in process was $496.2 million, primarily representing
our share of capitalized project costs for our current U.S. and Asia development projects (See "Liquidity and Capital Resources -
Capital Spending"). We also had a $46.7 million balance of capitalized development pre-construction costs as of December 31,
2013, which consisted primarily of approximately $40 million of land relating to our former Oyster Bay project. The land relating
to this project was sold in January 2014 (see "Results of Operations - U.S. Dispositions"). The balance also includes land for future
development in Atlanta, Georgia.
Pre-development charges in 2013, 2012, and 2011 were $10.6 million, $18.4 million, and $22.7 million, respectively. Of these
amounts, $1.0 million, $0.2 million, and $3.1 million related to projects with land under option in each of the respective periods.
We capitalized payroll costs of $13.8 million in connection with construction and development projects in 2013 and $5.9 million
in 2012. Capitalized payroll costs were immaterial for 2011.
Valuation of Accounts and Notes Receivable
Rents and expense recoveries from tenants are our principal source of income; they represent approximately 90% of our revenues.
In generating this income, we will routinely have accounts receivable due from tenants. The collectibility of tenant receivables is
affected by bankruptcies, changes in the economy, and the ability of the tenants to perform under the terms of their lease agreements.
While we estimate potentially uncollectible receivables and provide for them through charges against income, actual experience
may differ from those estimates. Also, if a tenant were not able to perform under the terms of its lease agreement, receivable
balances not previously provided for may be required to be charged against operations. Bad debt expense was less than 1% of
total revenues in 2013, while bankruptcy filings affected 0.3% of tenant leases during the year. The annual provision for losses
on accounts receivable represents 0.1% of total revenues in 2013 and has ranged from 0.1% to 0.5% over the last five years.
Notes receivable at December 31, 2013 totaled $9.4 million, of which $7.4 million was repaid in January 2014 (see "Note 6 –
Accounts and Notes Receivable"). Valuation of the recoverability of notes receivable is dependent on management’s estimates of
the collectibility of contractual principal and interest payments, which are inherently judgmental.
Valuation of Deferred Tax Assets
We currently have deferred tax assets, reflecting the impact of temporary differences between the amounts of assets and liabilities
for financial reporting purposes and the bases of such assets and liabilities as measured by tax laws. Our temporary differences
primarily relate to deferred compensation, net operating loss carryforwards and depreciation. We reduce our deferred tax assets
through valuation allowances to the amount where realization is more likely than not assured, considering all available evidence,
including expected future taxable earnings. Expected future taxable earnings require certain significant judgments and estimates,
including those relating to our management company's profitability, the timing and amounts of gains on land sales, the profitability
of our Asian operations, and other factors affecting the results of operations of our taxable REIT subsidiaries. Changes in any of
these factors could cause our estimates of the realization of deferred tax assets to change materially. As of December 31, 2013,
we had a net federal, state, and foreign deferred tax asset of $3.3 million, after a valuation allowance of $1.8 million.
51
Valuations for Acquired Property and Intangibles
Upon acquisition of an investment property, including that of an additional interest in an asset already partially owned (unless
it was already consolidated), we make an assessment of the valuation and composition of assets and liabilities acquired. These
assessments consider fair values of the respective assets and liabilities and are determined based on estimated future cash flows
using appropriate discount and capitalization rates and other commonly accepted valuation techniques. The estimated future cash
flows that are used for this analysis reflect the historical operations of the property, known trends and changes expected in current
market and economic conditions which would impact the property’s operations, and our plans for such property. These estimates
of cash flows and valuations are particularly important for the recording of the acquisition at fair value, and allocation of purchase
price between land, building and improvements, and other identifiable intangibles. In December 2012, we acquired an additional
25% interest in Waterside Shops. Our share of the difference between the purchase price and the net book value of the additional
interest in the Unconsolidated Joint Venture that owns Waterside Shops has been allocated to the venture's land, buildings,
improvements, and equipment, as well as its mortgage debt. In 2011, we acquired The Mall at Green Hills, The Gardens on El
Paseo and El Paseo Village.
52
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(
Discontinued Operations of The Pier Shops and Regency Square: Reconciliations of Net Operating Income to Net Income
The Pier Shops (1) :
NOI
Interest expense
Adjusted FFO
Gain on extinguishment of debt
Depreciation and amortization
Net income
Regency Square (1):
NOI
Interest expense
Adjusted FFO
Gain on extinguishment of debt
Depreciation and amortization
Net income
2011
(in millions)
$
$
$
$
$
$
(0.8)
(14.2)
(15.0)
126.7
(7.6)
104.2
4.4
(7.3)
(2.9)
47.4
(2.7)
41.8
(1) Although we had stopped funding cash shortfalls of The Pier Shops and Regency Square, we continued to record the operations of
these centers until titles for both properties were transferred to the mortgage lenders and the loan obligations were extinguished in the
fourth quarter of 2011 (see "Results of Operations - U.S. Dispositions").
(2) Amounts in this table may not add due to rounding.
54
Reconciliation of Net Income to Beneficial Interest in EBITDA
Net income
Add (less) depreciation and amortization:
2013
2012
2011
(in millions, except as indicated)
$
189.4
$
157.8
$
287.4
Consolidated businesses at 100% - continuing operations
155.8
149.5
Consolidated businesses at 100% - discontinued operations
Noncontrolling partners in consolidated joint ventures
Share of Unconsolidated Joint Ventures
(5.1)
24.9
(9.7)
22.7
Add (less) interest expense and income tax expense:
Interest expense:
Consolidated businesses at 100% - continuing operations
130.0
142.6
Consolidated businesses at 100% - discontinued operations
Noncontrolling partners in consolidated joint ventures
Share of unconsolidated joint ventures
Share of income tax expense (1)
(8.7)
37.6
3.4
(16.6)
35.9
4.9
132.7
10.3
(11.2)
23.1
122.3
21.4
(12.2)
31.6
0.6
Less noncontrolling share of income of consolidated joint ventures
(10.3)
(11.9)
(14.4)
Beneficial interest in EBITDA
$
516.9
$
475.2
$
591.8
TCO’s average ownership percentage of TRG
71.6%
69.4%
69.3%
Beneficial interest in EBITDA allocable to TCO
$
370.1
$
329.9
$
410.5
(1) Income tax expense for 2012 includes $3.2 million of PRC taxes in connection with the sale of assets of the Taubman TCBL business.
(2) Amounts in this table may not add due to rounding.
55
Reconciliation of Net Income to Net Operating Income
Net income
Add (less) depreciation and amortization:
Consolidated businesses at 100% - continuing operations
Consolidated businesses at 100% - discontinued operations
Noncontrolling partners in consolidated joint ventures
Share of Unconsolidated Joint Ventures
Add (less) interest expense and income tax expense:
Interest expense:
Consolidated businesses at 100% - continuing operations
Consolidated businesses at 100% - discontinued operations
Noncontrolling partners in consolidated joint ventures
Share of Unconsolidated Joint Ventures
Share of income tax expense (1)
Less noncontrolling share of income of consolidated joint ventures
Add EBITDA attributable to outside partners:
EBITDA attributable to noncontrolling partners in consolidated joint ventures
EBITDA attributable to outside partners in Unconsolidated Joint Ventures
2013
2012
(in millions)
2011
$
189.4
$
157.8
$
287.4
155.8
149.5
(5.1)
24.9
(9.7)
22.7
130.0
142.6
(8.7)
37.6
3.4
(10.3)
24.1
89.4
(16.6)
35.9
4.9
(11.9)
38.3
87.2
132.7
10.3
(11.2)
23.1
122.3
21.4
(12.2)
31.6
0.6
(14.4)
37.7
83.6
EBITDA at 100%
$
630.4
$
600.7
$
713.0
Add (less) items excluded from shopping center Net Operating Income:
General and administrative expenses
Management, leasing, and development services, net
Gains on extinguishment of debt
Acquisition costs
Gains on sales of peripheral land
Nonoperating expense
Gain on sale of marketable securities
Interest income
Straight-line of rents
Non-center specific operating expenses and other
Net Operating Income at 100% - all centers
Less - Net Operating Income of non-comparable centers (2)
Net Operating Income at 100% - comparable centers
Lease cancellation income
Net Operating Income at 100% - comparable centers excluding lease cancellation
income (3)
$
$
$
50.0
(10.8)
(0.9)
1.0
(1.3)
(0.2)
(7.3)
24.7
685.6
(10.2)
675.4
(5.8)
$
$
39.7
(4.4)
(0.3)
(6.5)
31.4
660.5
(8.0)
652.5
(4.9)
$
$
31.6
(13.6)
(174.2)
5.3
(0.5)
(0.9)
(2.5)
33.0
591.2
(4.1)
587.1
(3.2)
669.7
$
647.6
$
583.8
(1) Income tax expense for 2012 includes $3.2 million of PRC taxes in connection with the sale of assets of the Taubman TCBL business.
(2) Includes City Creek Center and Taubman Prestige Outlets Chesterfield for 2013. Includes City Creek Center for 2012. Includes The Mall
at Green Hills, The Gardens on El Paseo and El Paseo Village, The Pier Shops, and Regency Square in 2011.
(3) See "Results of Operations - Use of Non-GAAP Measures" for a discussion of the use and utility of Net Operating Income excluding lease
cancellation income as a performance measure.
(4) Amounts in this table may not add due to rounding.
56
Liquidity and Capital Resources
Our internally generated funds and distributions from operating centers and other investing activities, augmented by use of our
existing revolving lines of credit, provide resources to maintain our current operations and assets and pay dividends. Generally,
our need to access the capital markets is limited to refinancing debt obligations at or near maturity and funding major capital
investments. From time to time, we also may access the equity markets or sell interests in operating properties to raise additional
funds or refinance existing obligations on a strategic basis. See “Capital Spending” for more details.
We were primarily financed with property-specific secured debt and we had seven unencumbered center properties as of
December 31, 2013. The entities that own Beverly Center, Dolphin Mall, Fairlane Town Center, Twelve Oaks Mall, and The Shops
at Willow Bend are guarantors under our unsecured primary revolving credit facility and unsecured term loan and are currently
unencumbered assets under the facility and term loan. Any of the assets may be removed from the facility unencumbered asset
pool and encumbered upon notice to lender that there is no default and the required covenant calculations are met on a pro forma
basis. Additionally, besides the five centers previously noted, Taubman Prestige Outlets Chesterfield and Stamford Town Center,
a 50% owned Unconsolidated Joint Venture property, are unencumbered. In January 2014, we used funds from the sale of a total
of 49.9% of our interests in the entity that owns International Plaza to pay down the $99.5 million loan on Stony Point Fashion
Park that was scheduled to mature in June 2014. The center is unencumbered as of the date of the payoff of the loan.
As of December 31, 2013, we had a consolidated cash balance of $41.0 million. We also have an unsecured revolving line of
credit of $1.1 billion and a secured revolving line of credit of $65 million. The availability under these facilities as of December 31,
2013, after considering then outstanding loan balances and outstanding letters of credit, was $1.0 billion. Sixteen banks participate
in our $1.1 billion revolving line of credit and the failure of one bank to fund a draw on our line does not negate the obligation of
the other banks to fund their pro-rata shares. The unsecured line includes an accordion feature that would increase the borrowing
capacity to as much as $1.5 billion if fully exercised, subject to customary closing conditions. The line matures in March 2017,
with a one-year extension option. The facility bears interest at a range based on our total leverage ratio. As of December 31, 2013,
the leverage ratio resulted in a rate of LIBOR plus 1.45%.
The $65 million revolving line of credit matures in April 2014. We expect to extend the loan to 2016 at maturity.
In November 2013, we completed a $475 million unsecured term loan that matures in February 2019. The loan includes an
accordion feature that increases the borrowing capacity to as much as $600 million if fully exercised, subject to customary closing
conditions. As of December 31, 2013, the loan leverage ratio resulted in a rate of LIBOR plus 1.35%. Proceeds were used to pay
off the $305 million loan on Beverly Center. Excess proceeds, net of fees and accrued interest, of $165 million were used to pay
down our revolving lines of credit.
In early 2014, we completed two strategic dispositions that served as sources of additional capital. In January 2014, we sold a
total of 49.9% of our interests in the entity that owns International Plaza (See "Results of Operations - U.S. Dispositions"). Also
in January 2014, we sold our 50% interest in an entity that owns Arizona Mills as well as land in Syosset, New York related to the
former Oyster Bay project (See "Results of Operations - U.S. Dispositions").
We expect to obtain construction financing for The Mall of San Juan in the first half of 2014. We expect the loan will be at least
60% loan-to-cost at LIBOR plus 2.00%.
Summaries of 2013 Capital, Debt, and Equity Activities and Transactions
See "Results of Operations - Other Equity Transactions" for information regarding our share repurchase program in 2013, our
redemption of our outlet joint venture partner's 10% interest in September 2013, and the issuance of Series K Preferred Stock in
March 2013. Also, see "Results of Operations - Debt Transactions" for a summary of debt financings in 2013.
Also see our Consolidated Statement of Cash Flows for additional capital, debt, and equity transactions.
Operating Activities
Our net cash provided by operating activities was $371.4 million in 2013, compared to $324.3 million in 2012 and $270.2 million
in 2011. See “Results of Operations” for descriptions of 2013, 2012, and 2011 transactions affecting operating cash flow.
57
Investing Activities
Net cash used in investing activities was $371.4 million in 2013, compared to $126.3 million provided in 2012 and $368.3
million used in 2011. Additions to properties in 2013 related primarily to the costs of new centers under development as well as
capital and tenant improvements at existing centers. Additions to properties in 2012 related primarily to the costs of the new centers
under development, $75 million paid upon the opening of City Creek Center, tenant improvements at existing centers, and other
capital items. Additions to properties in 2011 included the purchase of the space vacated by Saks Fifth Avenue at Cherry Creek,
costs of the expansion at Short Hills, anchor replacement costs at Willow Bend, tenant allowances at existing centers, and other
capital items. A tabular presentation of 2013 and 2012 capital spending is shown in “Capital Spending.”
Proceeds from the sale of marketable securities were $2.5 million in 2013. Net cash proceeds from the sale of peripheral land
were $6.9 million in 2013 and $3.7 million in 2011. There were no peripheral land sales in 2012. During 2013, we issued $1.5
million in notes receivable, and in 2013, 2012, and 2011 received $0.5 million, $6.0 million, and $1.5 million in repayment,
respectively. Restricted cash in 2012 was used to repay the $281.5 million of installment notes that were issued as part of the
consideration for the acquired centers in 2011 (See "Results of Operations - U.S. Acquisitions"), while additions to restricted cash
in 2011 included cash drawn from our revolving line of credit that was used in February 2012 to repay the $281.5 million of
installment notes. Collection of the remaining consideration from the sale of assets of the Taubman TCBL business provided $12.9
million in 2013. We collected $4.4 million in 2012 from the sale. In 2011, $11.5 million was paid for the acquisition of Taubman
TCBL (see "Results of Operations - Taubman Asia").
Contributions to Unconsolidated Joint Ventures in 2013 of $108.9 million primarily consisted of funding of our University Town
Center and Taubman Asia project costs (see "Capital Spending - New Developments"). In 2012, we contributed $110.2 million
primarily for funding of our Taubman Asia project costs. In 2011, contributions of $21.8 million to Unconsolidated Joint Ventures
primarily consisted of $20.9 million for an interest in the Hanam Union Square project. In 2012, $36.3 million was paid to acquire
an additional 25% in Waterside Shops. Distributions in excess of income from Unconsolidated Joint Ventures was $220.7 million
in 2012 and $17.6 million in 2011. The 2012 amount included $75 million, $31.7 million, and $110 million of excess proceeds
from The Mall at Millenia, Sunvalley, and Westfarms refinancings, respectively. The 2011 amount included $11.1 million from
the Fair Oaks refinancing.
Financing Activities
Net cash provided by financing activities was $9.0 million in 2013 compared to $442.7 million used in 2012 and $102.9 million
provided by in 2011. Proceeds from the issuance of debt, net of payments and issuance costs, were $102.9 million in 2013 compared
to $89.6 million in 2012 and $193.8 million in 2011. Proceeds in 2011 included the cash drawn on our revolving lines of credit to
cash collateralize the installment notes issued in connection with the acquisitions of centers in 2011. These installment notes were
repaid in February 2012 (see "Results of Operations - U.S. Acquisitions").
In 2013, $52.3 million was paid to repurchase common stock. In 2012 and 2011, $208.9 million and $112.0 million, respectively,
were received from issuing new shares of common stock, net of offering costs. In addition, $1.6 million was received in connection
with incentive plans in 2013 compared to $6.5 million and $2.6 million paid in 2012 and 2011, respectively. In 2013, net proceeds
of $164.4 million, after offering costs, were received from the issuance of the Series K Preferred Stock. In 2012, we used the
$186.2 million of net proceeds from the issuance of Series J Preferred Stock to redeem the $187.0 million Series G and H Preferred
Stock. In 2011, our Series F Preferred Equity was redeemed for $27.0 million.
In 2013, $1.1 million was used to redeem the ownership interest of the outlet joint venture partner. Borrowings of $275 million
from our revolving line of credit were used to acquire the noncontrolling interest in International Plaza in 2012. Total dividends
and distributions paid were $208.0 million, $195.1 million, and $210.6 million in 2013, 2012, and 2011, respectively. Contributions
from noncontrolling interests were $4.7 million in 2013 compared to $4.8 million in 2012. Contributions from noncontrolling
interests of $32.2 million in 2011 included contributions to fund the paydown required with the International Plaza loan extension
and the purchase of the space vacated by Saks Fifth Avenue at Cherry Creek.
See “Note 21 – Subsequent Events” to our consolidated financial statements for information regarding the 2014 sales of our
interests in entities that own International Plaza and Arizona Mills, as well as land in Syosset, New York related to the former
Oyster Bay project.
58
Beneficial Interest in Debt
At December 31, 2013, the Operating Partnership's debt and its beneficial interest in the debt of its Consolidated Businesses
and Unconsolidated Joint Ventures totaled $3,760.5 million, with an average interest rate of 4.18% excluding amortization of debt
issuance costs and interest rate hedging costs. These costs are reported as interest expense in the results of operations. Interest
expense includes non-cash amortization of premiums relating to acquisitions. On an annualized basis, this amortization of
acquisition premiums is equal to 0.06% of the average all-in rate. Beneficial interest in debt includes debt used to fund development
and expansion costs. Beneficial interest in construction work in progress totaled $496.2 million as of December 31, 2013, which
includes $440.8 million of assets on which interest is being capitalized. The following table presents information about our beneficial
interest in debt as of December 31, 2013:
Fixed rate debt
Floating rate debt:
Swapped through April 2018
Swapped through August 2020
Floating month to month
Total floating rate debt
Total beneficial interest in debt
Amortization of financing costs (2)
Average all-in rate
Amount
(in millions)
2,681.5
$
Interest Rate
Including Spread
4.94% (1)
(3)
137.5
122.7
260.2
818.8 (4)
1,079.0
3,760.5
$
$
(3)
4.10%
4.99%
4.52% (1)
1.60% (1)
2.30% (1)
4.18% (1)
0.21%
4.40%
(1) Represents weighted average interest rate before amortization of financing costs.
(2) Financing costs include debt issuance costs and costs related to interest rate agreements of certain fixed rate debt.
(3) Includes non-cash amortization of premiums related to acquisitions.
(4) $475 million of this debt is swapped beginning January 2014 through February 2019.
(5) Amounts in table may not add due to rounding.
Sensitivity Analysis
We have exposure to interest rate risk on our debt obligations and interest rate instruments. We use derivative instruments
primarily to manage exposure to interest rate risks inherent in variable rate debt and refinancings. We routinely use cap, swap, and
treasury lock agreements to meet these objectives. Based on the Operating Partnership's beneficial interest in floating rate debt in
effect at December 31, 2013, excluding the $475 million of debt that is swapped to a fixed rate beginning January 2014, a one percent
increase on this floating rate debt would decrease cash flows by approximately $3.4 million, and due to the effect of capitalized
interest, decrease annual earnings by approximately $3.0 million. A one percent decrease in interest rates (or to zero percent for
LIBOR rates that are below one percent) would increase cash flows by approximately $0.6 million and due to the effect of capitalized
interest, increase annual earnings by approximately $0.5 million. Based on our consolidated debt and interest rates in effect at
December 31, 2013, a one percent increase in interest rates would decrease the fair value of debt by approximately $69.8 million,
while a one percent decrease in interest rates would increase the fair value of debt by approximately $73.8 million.
59
Contractual Obligations
In conducting our business, we enter into various contractual obligations, including those for debt, operating leases for land and
office space, purchase obligations (primarily for construction), and other long-term commitments. Detail of these obligations as
of December 31, 2013 for our consolidated businesses, including expected settlement periods, is contained below:
Debt (1)
Interest payments (1)
Operating leases
Purchase obligations:
Planned capital spending (2)
Other purchase obligations (3)
Other long-term liabilities and
commitments (4)
Total
Payments due by period
Total
Less than 1
year (2014)
1-3 years
(2015-2016)
(in millions)
3-5 years
(2017-2018)
More than 5
years (2019+)
$
3,055.2
$
141.1
$
1,360.5
$
305.5
$
1,248.0
550.4
873.0
806.5
8.0
136.8
12.8
458.5
4.0
198.9
21.0
348.0
2.8
108.7
24.5
1.3
106.0
814.8
60.7
5,353.8
$
$
2.2
755.2
$
3.1
1,934.3
$
3.8
443.7
$
51.7
2,220.5
(1) The settlement periods for debt do not consider extension options. Amounts relating to interest on floating rate debt are calculated based
on the debt balances and interest rates as of December 31, 2013. Debt excludes $2.9 million in unamortized debt premiums related to the
acquisitions of The Gardens on El Paseo and El Paseo Village.
(2) This disclosure includes planned capital spending related to our consolidated businesses only. We have investments in Unconsolidated Joint
Ventures through which material construction activities will be occurring. Refer to "Capital Spending - New Developments" for discussion
of those projects.
(3) Excludes purchase agreements with cancellation provisions of 90 days or less.
(4) Other long-term liabilities consist of various accrued liabilities, most significantly assessment bond obligations and long-term incentive
compensation, as well as energy contracts at certain centers.
(5) Amounts in this table may not add due to rounding.
Loan Commitments and Guarantees
Certain loan agreements contain various restrictive covenants, including the following corporate covenants on our primary
revolving line of credit and term loan: a minimum net worth requirement, a maximum total leverage ratio, a maximum secured
leverage ratio, a minimum fixed charge coverage ratio, a maximum recourse secured debt ratio, and a maximum payout ratio. In
addition, our primary revolving line of credit and term loan have unencumbered pool covenants, which currently apply to Beverly
Center, Dolphin Mall, Fairlane Town Center, Twelve Oaks Mall, and The Shops at Willow Bend on a combined basis. These
covenants include a minimum number and minimum value of eligible unencumbered assets, a maximum unencumbered leverage
ratio, a minimum unencumbered interest coverage ratio, and a minimum unencumbered asset occupancy ratio. The corporate
maximum secured leverage ratio is the most restrictive covenant for our primary revolving line of credit and term loan. We are in
compliance with all of our covenants and loan obligations as of December 31, 2013. The maximum payout ratio on distributions
covenant limits the payment of distributions generally to 95% of funds from operations, as defined in the loan agreements, except
as required to maintain our tax status, pay preferred distributions, and for distributions related to the sale of certain assets. See
“Note 8 – Notes Payable – Debt Covenants and Guarantees” to our consolidated financial statements for more details on loan
guarantees.
Cash Tender Agreement
A. Alfred Taubman has the annual right to tender units of partnership interest in the Operating Partnership and cause us to
purchase the tendered interests at a purchase price based on a market valuation of TCO on the trading date immediately preceding
the date of the tender. See “Note 15 – Commitments and Contingencies – Cash Tender” to our consolidated financial statements
for more details.
60
Capital Spending
New Developments
Our United States development currently includes two projects that are under construction: The Mall at University Town Center
and The Mall of San Juan. In addition, we are progressing on projects in Waikiki, Honolulu, Hawaii and Miami, Florida. We also
have investments in three projects in Asia: CityOn.Xi'an and CityOn.Zhengzhou in China and Hanam Union Square in South
Korea. Internally generated funds, excess proceeds from refinancings of maturing debt obligations, and previously completed
dispositions of interests in operating centers (See "Results of Operations - U.S. Dispositions"), as well as borrowings under our
revolving lines of credit would be sufficient to finance the anticipated costs of these projects, but we also expect construction loan
financing to be available in addition to the existing construction loan on The Mall at University Town Center.
Taubman Prestige Outlets Chesterfield, a new outlet center located in the western-St. Louis suburb of Chesterfield, opened in
August 2013 (see "Results of Operations").
In Sarasota, Florida, The Mall at University Town Center is under construction and we are funding our 50% share of the project.
We will be responsible for management, leasing, and development of the center. The 0.9 million square foot center will be anchored
by Saks Fifth Avenue, Macy's, and Dillard's, and is expected to open in October 2014. We expect an 8% to 8.5% unlevered return
on our share of the approximately $315 million total project cost. See "Results of Operations - Debt Transactions" for further
information regarding the construction financing on this center.
The Mall of San Juan, part of a mixed-use development featuring a hotel/casino and retail, is under construction in San Juan,
Puerto Rico. The 0.7 million square foot of retail will be anchored by the Caribbean's first Nordstrom and Saks Fifth Avenue. We
expect a March 2015 opening. We will be responsible for management, leasing, and development of the retail portion of the center.
We have an 80% interest in the retail portion of the project and are expecting a 7.75% to 8% after-tax unlevered return on the
approximately $475 million total project cost.
International Market Place, a 0.4 million square foot center, is under development in Waikiki, Honolulu, Hawaii. We will be
responsible for management, leasing, and development of the center. The center will be anchored by the only full-line Saks Fifth
Avenue in Hawaii. We are breaking ground in early March 2014 with an expected opening in spring 2016. We have a 93.5% interest
in the project and are funding all construction costs. We expect an 8% to 8.5% return on our share of the approximately $400
million total project cost. This project is subject to a participating ground lease.
In 2013, we announced our involvement in The Mall at Miami Worldcenter, which will be developed in partnership with the
Forbes Company. We will own at least one-third of the project, and as much as one-half, depending on the participation of the
land owner. The center will be part of a mixed-use development offering a hotel, convention and entertainment space, office,
residential and retail. The 0.7 million square foot center will feature Macy's and Bloomingdale's, and is currently targeted to open
in late 2016. We anticipate breaking ground in the fourth quarter of 2014.
In 2012, we formed a joint-venture with Beijing Wangfujing Department Store (Group) Co., Ltd (Wangfujing), one of China's
largest department store chains. The joint venture will own a 60% controlling interest in and manage a shopping center, CityOn.Xi'an,
to be located at Xi'an Saigao City Plaza, a large-scale mixed-use development in Xi'an, China. It is scheduled to open in late 2015
and is part of a 5.9 million square foot mixed-use project. We are investing in the retail portion only, which will be about 1.0
million square feet with over half of that in mall specialty stores. We had invested $56.1 million, including cumulative currency
translation adjustments, in the project as of December 31, 2013. Our total anticipated investment will be approximately $115
million for a 30% equity interest. We are expecting a 6% to 6.5% unlevered return at stabilization.
In 2013, we formed a second joint venture with Wangfujing that owns a majority interest in and will manage a shopping center
to be located in Zhengzhou, China. Currently under construction, the approximately 1.0 million square foot shopping mall,
CityOn.Zhengzhou, is scheduled to open in late 2015. We had invested $39.4 million, including cumulative currency translation
adjustments, in the project as of December 31, 2013. Our total anticipated investment will be approximately $115 million for a
32% equity interest. We are expecting a 6% to 6.5% unlevered return at stabilization.
Sales growth rates are expected to be in excess of 10% in China. Combined with shorter lease terms than the U.S., returns on
our investments in China are expected to equal those earned in the U.S. by the seventh or eighth year. Estimates of total project
costs in Asia exclude fluctuations in foreign currency exchange rates.
61
We have invested in a 1.7 million square foot shopping mall project in Hanam, Gyeonggi Province, South Korea (Hanam Union
Square) in which Taubman Asia has partnered with Shinsegae Group (Shinsegae), South Korea's largest retailer. The center is
scheduled to open in late 2016. As of December 31, 2013, we had invested $97.8 million, including cumulative currency translation
adjustments, in the project. Our total anticipated investment including capitalized interest will be about $330 million for a 30%
equity interest in the retail portion of the project. We are considering bringing in a financial partner for as much as 50% of our
share. We are expecting a 7% to 7.5% unlevered return at stabilization.
2013 and 2012 Capital Spending
Capital spending for routine maintenance of the shopping centers is generally recovered from tenants. Capital spending during
2013 is summarized in the following table:
2013 (1)
Consolidated
Businesses
Beneficial
Interest in
Consolidated
Businesses
Unconsolidated
Joint Ventures
Beneficial
Interest in
Unconsolidated
Joint Ventures
New development projects - U.S. (2)
New development projects - Asia (3) (4)
Existing Centers:
Projects with incremental GLA or anchor
replacement
Projects with no incremental GLA and other
Mall tenant allowances
Asset replacement costs recoverable from tenants
Corporate office improvements, technology,
equipment, and other
$
204.9
$
182.2
$
(in millions)
5.2
16.5
15.9
33.2
5.2
4.7
15.6
15.5
26.6
5.2
$
171.7
61.3
—
5.6
7.3
19.9
85.7
61.3
—
3.0
4.0
12.9
Total
$
281.0
$
249.9
$
266.0
$
166.9
(1) Costs are net of intercompany profits and are computed on an accrual basis.
(2) Includes costs related to The Mall of San Juan, Taubman Prestige Outlets Chesterfield, International Market Place, and The Mall at University
Town Center.
(3) Includes costs related to CityOn.Xi'an, Hanam Union Square, and CityOn.Zhengzhou. Asia spending is included at our beneficial interest
in both the Unconsolidated Joint Ventures and Beneficial Interest in Unconsolidated Joint Ventures columns.
(4) Asia costs exclude $4.1 million in net favorable currency translation adjustments.
(5) Amounts in this table may not add due to rounding.
The following table presents a reconciliation of the Consolidated Businesses’ capital spending shown above (on an accrual basis)
to additions to properties (on a cash basis) as presented in our Consolidated Statement of Cash Flows for the year ended December 31,
2013:
Consolidated Businesses’ capital spending
Differences between cash and accrual basis and other
Additions to properties
(in millions)
$
$
281.0
2.9
283.9
62
Capital spending during 2012, excluding acquisitions, is summarized in the following table:
2012 (1)
Consolidated
Businesses
Beneficial
Interest in
Consolidated
Businesses
Unconsolidated
Joint Ventures
Beneficial
Interest in
Unconsolidated
Joint Ventures
New development projects - U.S. (2)
New development projects - Asia (3) (4)
Existing Centers:
Projects with incremental GLA or anchor
replacement
Projects with no incremental GLA and other
Mall tenant allowances
Asset replacement costs recoverable from tenants
Corporate office improvements, technology,
equipment, and other
$
168.7
$
154.3
$
(in millions)
3.4
5.8
23.6
29.7
2.2
3.4
5.0
22.6
25.5
2.2
5.9
$
104.8
5.9
104.8
2.6
8.7
17.9
1.3
4.3
10.0
Total
$
233.3
$
213.1
$
139.9
$
126.3
(1) Costs are net of intercompany profits and are computed on an accrual basis.
(2) Includes the $75 million paid at opening of City Creek Center and costs related to The Mall of San Juan, Taubman Prestige Outlets
Chesterfield, and The Mall at University Town Center.
(3) Includes costs related to CityOn.Xi'an, Hanam Union Square, and CityOn.Zhengzhou. Asia spending is included at our beneficial interest
in both the Unconsolidated Joint Ventures and Beneficial Interest in Unconsolidated Joint Ventures columns.
(4) Asia costs exclude $2.6 million of net favorable currency translation adjustments.
(5) Amounts in this table may not add due to rounding.
Our share of mall tenant allowances per square foot leased, committed under contracts during the year, excluding new
developments and expansion space, was $12.26 in 2013 and $16.62 in 2012. In the past five years, average tenant allowances per
square foot have ranged from a low of $12.26 in 2013 and a high of $37.56 in 2010. Average tenant allowances per square foot
can vary significantly from year to year due to the type, size, and location of tenants signed. Our share of capitalized leasing and
tenant coordination costs excluding new developments was $10.6 million and $7.4 million in 2013 and 2012, respectively, or $6.62
and $4.56, in 2013 and 2012, respectively, per square foot leased.
63
Planned Capital Spending
The following table summarizes planned capital spending for 2014:
New development projects - U.S. (2)
New development projects - Asia (3) (4)
Existing Centers:
Projects with incremental GLA or anchor replacement
Projects with no incremental GLA and other
Mall tenant allowances
Asset replacement costs reimbursable by tenants
Corporate office improvements, technology, equipment,
and other (5)
Total
2014 (1)
Consolidated
Businesses
Beneficial
Interest in
Consolidated
Businesses
Unconsolidated
Joint Ventures
Beneficial
Interest in
Unconsolidated
Joint Ventures
$
307.0
$
260.2
$
(in millions)
79.7
12.2
19.3
16.3
65.7
11.5
18.8
14.6
126.4
$
125.9
10.1
15.3
5.4
18.3
68.4
125.9
5.1
8.0
3.0
12.9
23.8
458.5
$
23.8
394.6
$
$
301.4
$
223.3
(1) Costs are net of intercompany profits and are computed on an accrual basis.
(2) Includes costs related to The Mall of San Juan, International Market Place, and The Mall at University Town Center. Excludes costs related
to The Mall at Miami Worldcenter.
(3) Includes costs related to CityOn.Xi'an, Hanam Union Square, and CityOn.Zhengzhou. Asia spending is included at our beneficial interest
in both the Unconsolidated Joint Ventures and Beneficial Interest in Unconsolidated Joint Ventures columns.
(4) Asia costs exclude currency translation adjustments.
(5) Includes expected acquisition of U.S. headquarters building.
(6) Amounts in this table may not add due to rounding.
We anticipate that our share of costs incurred for new center development projects included in the table above will be $440
million and $150 million in 2015 and 2016, respectively.
We have planned redevelopment or expansion projects at Beverly Center, Cherry Creek Shopping Center, Dolphin Mall, The
Mall at Green Hills, and Sunvalley that will add approximately 286,000 square feet of incremental GLA with completion dates
ranging from 2014 to 2018. These projects will cost a total of approximately $265 million, and we expect a weighted average
return of 7.5% to 8% on the projects.
Disclosures regarding planned capital spending, including estimates regarding timing of openings, capital expenditures,
occupancy, and returns on new developments are forward-looking statements and certain significant factors could cause the actual
results to differ materially, including but not limited to (1) actual results of negotiations with anchors, tenants, and contractors,
(2) timing and outcome of litigation and entitlement processes, (3) changes in the scope, number, and valuation of projects, (4) cost
overruns, (5) timing of expenditures, (6) availability of and cost of financing and other financing considerations, (7) actual time
to start construction and complete projects, (8) changes in economic climate, (9) competition from others attracting tenants and
customers, (10) increases in operating costs, (11) timing of tenant openings, (12) early lease terminations and bankruptcies and
(13) fluctuations in foreign currency exchange rates. In addition, estimates of capital spending will change as new projects are
approved by our board of directors.
64
Dividends
We pay regular quarterly dividends to our common and preferred shareowners. Dividends to our common shareowners are at
the discretion of the Board of Directors and depend on the cash available to us, our financial condition, capital and other requirements,
and such other factors as the Board of Directors deems relevant. To qualify as a REIT, we must distribute at least 90% of our REIT
taxable income prior to net capital gains to our shareowners, as well as meet certain other requirements. We must pay these
distributions in the taxable year the income is recognized, or in the following taxable year if they are declared during the last three
months of the taxable year, payable to shareowners of record on a specified date during such period and paid during January of
the following year. Such distributions are treated as paid by us and received by our shareowners on December 31 of the year in
which they are declared. In addition, at our election, a distribution for a taxable year may be declared in the following taxable year
if it is declared before we timely file our tax return for such year and if paid on or before the first regular dividend payment after
such declaration. These distributions qualify as dividends paid for the 90% REIT distribution test for the previous year and are
taxable to holders of our capital stock in the year in which paid. Preferred dividends accrue regardless of whether earnings, cash
availability, or contractual obligations were to prohibit the current payment of dividends.
The annual determination of our common dividends is based on anticipated Funds from Operations available after preferred
dividends and our REIT taxable income, as well as assessments of annual capital spending, financing considerations, and other
appropriate factors.
Any inability of the Operating Partnership or its Joint Ventures to secure financing as required to fund maturing debts, capital
expenditures, and changes in working capital, including development activities and expansions, may require the utilization of cash
to satisfy such obligations, thereby possibly reducing distributions to partners of the Operating Partnership and funds available to
us for the payment of dividends.
On December 4, 2013, we declared a quarterly dividend of $0.50 per common share, $0.40625 per share on our 6.5% Series J
Preferred Stock, and $0.390625 on our 6.25% Series K Preferred Stock, all of which were paid on December 31, 2013 to shareowners
of record on December 16, 2013.
65
Item 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.
The information required by this Item is included in this report at Item 7 under the caption “Liquidity and Capital Resources.”
Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.
The Financial Statements of Taubman Centers, Inc. and the Reports of Independent Registered Public Accounting Firm thereon
are filed pursuant to this Item 8 and are included in this report at Item 15.
Item 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURE.
None.
Item 9A. CONTROLS AND PROCEDURES.
Evaluation of Disclosure Controls and Procedures
As of the end of the period covered by this annual report, we carried out an evaluation, under the supervision and with the
participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the
design and operation of our disclosure controls and procedures. Based upon that evaluation, our Chief Executive Officer and Chief
Financial Officer concluded that, as of December 31, 2013, our disclosure controls and procedures were effective to ensure the
information required to be disclosed by us in reports that we file or submit under the Securities Exchange Act of 1934, as amended,
is recorded, processed, summarized, and reported within the time periods prescribed by the SEC, and that such information is
accumulated and communicated to management, including the Chief Executive Officer and Chief Financial Officer, as appropriate,
to allow timely decisions regarding required disclosure.
Management’s Annual Report on Internal Control over Financial Reporting
Management’s Annual Report on Internal Control over Financial Reporting accompanies the Company’s financial statements
included in Item 15 of this annual report.
Report of the Independent Registered Public Accounting Firm
The report issued by the Company’s independent registered public accounting firm, KPMG LLP, accompanies the Company’s
financial statements included in Item 15 of this annual report.
Changes in Internal Control over Financial Reporting
There were no changes in the Company’s internal control over financial reporting identified in connection with the Company’s
fourth quarter 2013 evaluation of such internal control that have materially affected, or are reasonably likely to materially affect,
the Company’s internal control over financial reporting.
Item 9B. OTHER INFORMATION.
Not applicable.
66
PART III
Item 10. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE.
The information required by this item is hereby incorporated by reference to the material appearing in the 2014 Proxy Statement
under the captions “Proposal 1 – Election of Directors,” “Board Matters – Committees of the Board,” "Board Matters – Corporate
Governance,” “Executive Officers,” and “Additional Information – Section 16(a) Beneficial Ownership Reporting Compliance.”
Item 11. EXECUTIVE COMPENSATION.
The information required by this item is hereby incorporated by reference to the material appearing in the 2014 Proxy Statement
under the captions "Board Matters – Director Compensation,” “Compensation Committee Interlocks and Insider Participation,”
“Compensation Discussion and Analysis,” “Compensation Committee Report,” and “Named Executive Officer Compensation
Tables.”
67
Item 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED
STOCKHOLDER MATTERS.
The following table sets forth certain information regarding the Company’s current and prior equity compensation plans as of
December 31, 2013:
Number of Securities
to be Issued Upon
Exercise of
Outstanding Options,
Warrants, and Rights
Weighted-Average
Exercise Price of
Outstanding
Options, Warrants,
and Rights
Number of Securities
Remaining Available for
Future Issuances Under
Equity Compensation Plans
(Excluding Securities
Reflected in Column (a))
(a)
(b)
(c)
Equity compensation plans approved by security
holders:
The Taubman Company 2008 Omnibus Long-Term
Incentive Plan: (1)
Performance Share Units (2)
Restricted Share Units
1992 Incentive Option Plan (4)
812,453
269,899
563,436
$
43.81
1,645,788
Equity compensation plan not approved by security
holders -
Non-Employee Directors’ Deferred Compensation
Plan (5)
93,955
(3)
(3)
(6)
1,654,268 (1)
1,654,268
(7)
1,739,743
$
43.81
1,654,268
(1) Under The Taubman Company 2008 Omnibus Long-Term Incentive Plan (as amended), directors, officers, employees, and other service providers of the
Company may receive restricted shares, restricted share units, restricted units of limited partnership in TRG (“TRG Units”), restricted TRG Units, options
to purchase common stock or TRG Units, share appreciation rights, unrestricted shares of common stock or TRG Units, and other awards to acquire up to
an aggregate of 8,500,000 shares of common stock or TRG Units. No further awards will be made under the 1992 Incentive Option Plan.
(2) Amount represents 126,999 and 107,864 performance share units (PSU) at their maximum payout ratio of 300% and 400%, respectively. This amount may
overstate dilution to the extent actual performance is different than such assumption. The actual number of PSU that may ultimately vest will range from 0-
300% and 0-400% based on the Company’s market performance relative to that of a peer group.
(3) Excludes restricted stock units and performance share units issued under the Omnibus Plan because they are converted into common stock on a one-for-one
basis at no additional cost.
(4) Under the 1992 Incentive Option Plan, employees received TRG Units upon the exercise of their vested options, and each TRG Unit generally will be
converted into one share of common stock under the Continuing Offer. Excludes 871,262 deferred units, the receipt of which were deferred by Robert S.
Taubman at the time he exercised options in 2002; the options were initially granted under TRG's 1992 Incentive Option Plan (See “Note 13 – Share Based
Compensation and Other Employee Plans” to our consolidated financial statements included at Item 15 (a) (1)).
(5) The Deferred Compensation Plan, which was approved by the Board in May 2005, gives each non-employee director of the Company the right to defer the
receipt of all or a portion of his or her annual director retainer until the termination of such director's service on the Board and for such deferred compensation
to be denominated in restricted stock units. The number of restricted stock units received equals the deferred retainer fee divided by the fair market value of
the common stock on the business day immediately before the date the director would otherwise have been entitled to receive the retainer fee. The restricted
stock units represent the right to receive equivalent shares of common stock at the end of the deferral period. During the deferral period, when the Company
pays cash dividends on the common stock, the directors' deferral accounts are credited with dividend equivalents on their deferred restricted stock units,
payable in additional restricted stock units based on the fair market value of the common stock on the business day immediately before the record date of
the applicable dividend payment. Each Director's account is 100% vested at all times.
(6) The restricted stock units are excluded because they are converted into common stock on a one-for-one basis at no additional cost.
(7) The number of securities available for future issuance is unlimited and will reflect whether non-employee directors elect to defer all or a portion of their
annual retainers.
Additional information required by this item is hereby incorporated by reference to the information appearing in the Proxy
Statement under the caption “Security Ownership of Certain Beneficial Owners and Management – Ownership Table.”
68
Item 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.
The information required by this item is hereby incorporated by reference to the information appearing in the 2014 Proxy
Statement under the caption “Related Person Transactions,” and "Proposal 1 – Election of Directors – Director Independence.”
Item 14. PRINCIPAL ACCOUNTING FEES AND SERVICES.
The information required by this item is hereby incorporated by reference to the material appearing in the 2014 Proxy Statement
under the caption “Audit Committee Matters.”
69
Item 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.
15(a)(1)
The following financial statements of Taubman Centers, Inc. and the Reports of Independent Registered
Public Accounting Firm thereon are filed with this report:
PART IV
TAUBMAN CENTERS, INC.
Management's Annual Report on Internal Control Over Financial Reporting
Reports of Independent Registered Public Accounting Firm
Consolidated Balance Sheet as of December 31, 2013 and 2012
Consolidated Statement of Operations and Comprehensive Income for the years ended December 31, 2013,
2012, and 2011
Consolidated Statement of Changes in Equity for the years ended December 31, 2013, 2012, and 2011
Consolidated Statement of Cash Flows for the years ended December 31, 2013, 2012, and 2011
Notes to Consolidated Financial Statements
15(a)(2)
The following is a list of the financial statement schedules required by Item 15(d):
TAUBMAN CENTERS, INC.
Schedule II - Valuation and Qualifying Accounts for the years ended December 31, 2013, 2012, and 2011
Schedule III - Real Estate and Accumulated Depreciation as of December 31, 2013
Page
F-2
F-3
F-5
F-6
F-7
F-9
F-10
F-49
F-50
15(a)(3)
Exhibit
Number
2.1
2.2
3.1
3.2
4.1
4.2
4.3
4.4
4.5
Incorporated by Reference
Exhibit
10.1
Filing Date
January 30, 2014
Filed
Herewith
10.2
January 30, 2014
3.1
3.1
4.1
December 16, 2009
March 15, 2013
December 16, 2005
4.2
December 16, 2005
4.3
December 16, 2005
4.4
December 16, 2005
4.5
December 16, 2005
Exhibit Description
Purchase and Sale Agreement dated as of
January 29, 2014 between Woodland
Shopping Center Limited Partnership and T-C
International Plaza Investor LP LLC.**
Purchase and Sale Agreement dated as of
January 29, 2014 between International Plaza
Holding Company and T-C International Plaza
Investor GP LLC.**
Form
Period Ending
8-K
8-K
Restated By-Laws of Taubman Centers, Inc.
8-K
Amended
and Restated Articles
Incorporation of Taubman Centers, Inc.
of
8-K
Amended and Restated Promissory Note A-1,
dated December 14, 2005, by Short Hills
Associates L.L.C.
to Metropolitan Life
Insurance Company.
Amended and Restated Promissory Note A-2,
dated December 14, 2005, by Short Hills
Associates L.L.C.
to Metropolitan Life
Insurance Company.
Amended and Restated Promissory Note A-3,
dated December 14, 2005, by Short Hills
Associates L.L.C.
to Metropolitan Life
Insurance Company.
Amended and Restated Mortgage, Security
Agreement and Fixture Filings, dated
December 14, 2005 by Short Hills Associates
L.L.C.
Insurance
Company.
to Metropolitan Life
Amended and Restated Assignment of Leases,
dated December 14, 2005, by Short Hills
to Metropolitan Life
Associates L.L.C.
Insurance Company.
8-K
8-K
8-K
8-K
8-K
70
Exhibit
Number
4.6
4.6.1
4.7
4.8
4.9
4.10
4.10.1
4.10.2
4.11
4.12
*10.1
*10.1.1
Exhibit Description
Revolving Credit Agreement, dated as of
February 28, 2013, by and among The
Taubman Realty Group Limited Partnership
and JPMorgan Chase Bank N.A., as
Administrative, and the various lenders and
agents on the signature pages thereto.
Amendment No. 1 to Revolving Credit
Agreement, dated as of November 12, 2013,
by and among The Taubman Realty Group
Limited Partnership and JP Morgan Chase
Bank N.A., as an Administrative Agent, and
the various lenders and agents on the signatures
pages thereto.
Guaranty, dated as of February 28, 2013, by
and among Dolphin Mall Associates LLC,
Fairlane Town Center LLC, Twelve Oaks Mall,
LLC, and Willow Bend Shopping Center
Limited Partnership in favor of JPMorgan
Chase Bank, N.A.,
its capacity as
Administrative Agent for the Lenders under
the Revolving Credit Agreement.
in
Term Loan Agreement, dated as of November
12, 2013, by and among The Taubman Realty
Group Limited Partnership and JPMorgan
Chase Bank N.A., as Administrative Agent,
and the various lenders and agents on the
signatures pages thereto.
Guaranty, dated as of November 12, 2013, by
and among Dolphin Mall Associates LLC,
Fairlane Town Center LLC, Twelve Oaks Mall,
LLC, Willow Bend Shopping Center Limited
Partnership, and La Cienega Partners Limited
Partnership, in favor of JPMorgan Chase Bank,
N.A., in its capacity as Administrative Agent
for
the Term Loan
Agreement.
the Lenders under
Amended and Restated Mortgage, Security
Agreement and Fixture Filing, dated as of
November 4, 2011, by Tampa Westshore
Associates Limited Partnership, in favor of
Metropolitan Life Insurance Company.
Assignment of Leases, dated as of November
4, 2011, by Tampa Westshore Associates
Limited Partnership (Assignor), a Delaware
limited partnership, in favor of Metropolitan
Life Insurance Company.
Guaranty Agreement, dated as of November 4,
2011, by The Taubman Realty Group Limited
Partnership, in favor of Metropolitan Life
Insurance Company.
Form of certificate evidencing 6.500% Series
J Cumulative Redeemable Preferred Stock,
Liquidation Preference $25.00 Per Share.
Form of certificate evidencing 6.25% Series
K Cumulative Redeemable Preferred Stock,
Liquidation Preference $25.00 Per Share.
The Taubman Realty Group Limited
Partnership 1992 Incentive Option Plan, as
Amended and Restated Effective as of
September 30, 1997.
First Amendment to The Taubman Realty
Group Limited Partnership 1992 Incentive
Option Plan as Amended and Restated
Effective as of September 30, 1997.
Incorporated by Reference
Form
Period Ending
8-K
8-K
8-K
8-K
8-K
8-K
8-K
8-K
Exhibit
4.1
Filing Date
March 1, 2013
Filed
Herewith
4.3
November 13, 2013
4.2
March 1, 2013
4.1
November 13, 2013
4.2
November 13, 2013
4.1
November 9, 2011
4.2
November 9, 2011
4.3
November 9, 2011
8-A12B
8-A12B
4.1
4.1
August 13, 2012
March 14, 2013
10-K
December 31,
1997
10(b)
10-K
December 31,
2001
10(b)
Exhibit
Number
*10.1.2
*10.1.3
*10.1.4
*10.1.5
10.2
10.2.1
10.2.2
10.3
Exhibit Description
Second Amendment to The Taubman Realty
Group Limited Partnership 1992 Incentive
Plan as Amended and Restated Effective as of
September 30, 1997.
Third Amendment to The Taubman Realty
Group Limited Partnership 1992 Incentive
Plan as Amended and Restated Effective as of
September 30, 1997.
Fourth Amendment to The Taubman Realty
Group Limited Partnership 1992 Incentive
Plan as Amended and Restated Effective as of
September 30, 1997.
The Form of The Taubman Realty Group
Limited Partnership 1992 Incentive Option
Plan Option Agreement.
Master Services Agreement between The
Taubman Realty Group Limited Partnership
and the Manager.
First Amendment to the Master Services
Agreement between The Taubman Realty
Group Limited Partnership and the Manager,
dated September 30, 1998.
Second Amendment to the Master Services
Agreement between The Taubman Realty
Group Limited Partnership and the Manager,
dated December 23, 2008.
Amended
and Restated Cash Tender
Agreement among Taubman Centers, Inc., The
Taubman Realty Group Limited Partnership,
and A. Alfred Taubman, A. Alfred Taubman,
acting not individually but as Trustee of the A.
Alfred Taubman Restated Revocable Trust,
and TRA Partners.
Incorporated by Reference
Form
10-K
Period Ending
December 31,
2004
Exhibit
10(c)
Filing Date
Filed
Herewith
10-K
December 31,
2004
10(d)
10-Q
March 31, 2007
10(a)
10-K
10-K
10-K
December 31,
2004
December 31,
1992
10(e)
10(f)
December 31,
2008
10(au)
10-K
December 31,
2008
10(an)
10-Q
June 30, 2000
10(a)
*10.4
Supplemental Retirement Savings Plan.
*10.4.1
*10.5
*10.5.1
*10.6
*10.6.1
*10.6.2
First Amendment to The Taubman Company
Supplemental Retirement Savings Plan, dated
December 12, 2008 (revised for Code Section
409A compliance).
Employment Agreement
between The
Taubman Company Limited Partnership and
Lisa A. Payne.
Amendment to Employment Agreement, dated
December 22, 2008, for Lisa A. Payne (revised
for Code Section 409A compliance).
Amended and Restated Change of Control
Employment Agreement, dated December 18,
2008, by and among the Company, Taubman
Realty Group Limited Partnership, and Lisa A.
Payne (revised for Code Section 409A
compliance).
Form of Amended and Restated Change of
Control Employment Agreement, dated
December 18, 2008 (revised for Code Section
409A compliance).
Amendment to The Taubman Centers, Inc.
Change of Control Severance Program, dated
December 12, 2008 (revised for Code Section
409A compliance).
10-K
10-K
December 31,
1994
December 31,
2008
10(i)
10(aq)
10-Q
March 31, 1997
10
10-K
10-K
December 31,
2008
10(at)
December 31,
2008
10(o)
10-K
December 31,
2008
10(p)
10-K
December 31,
2008
10(ar)
10.7
Second Amended and Restated Continuing
Offer, dated as of May 16, 2000.
10-Q
June 30, 2000
10(b)
Exhibit
Number
10.8
*10.9
10.10
10.10.1
10.11
10.11.1
*10.12
*10.13
*10.13.1
*10.13.2
*10.13.3
*10.14
*10.15
*10.15.1
*10.15.2
*10.15.3
*10.15.4
*10.16
*10.17
Incorporated by Reference
Form
Period Ending
S-3
Exhibit
10.3
Filing Date
December 27, 2012
Filed
Herewith
10-Q
March 31, 2011
10(b)
Exhibit Description
The Third Amendment and Restatement of
Agreement of Limited Partnership of The
Taubman Realty Group Limited Partnership
dated December 12, 2012.
The Taubman Realty Group Limited
Partnership and The Taubman Company LLC
Election and Option Deferral Agreement, as
Amended and Restated Effective as of January
27, 2011.
Operating Agreement of Taubman Land
Associates, a Delaware Limited Liability
Company, dated October 20, 2006.
10-K
December 31,
2006
10(ab)
First Amendment to Operating Agreement of
Taubman Land Associates, a Delaware
Limited Liability Company, dated October 20,
2006.
Amended and Restated Agreement of
Partnership of Sunvalley Associates, a
California general partnership.
First Amendment to Amended and Restated
Agreement of Partnership of Sunvalley
Associates, a California general partnership.
Summary of Compensation for the Board of
Directors of Taubman Centers, Inc., effective
January 1, 2013.
The Taubman Centers, Inc. Non-Employee
Directors' Deferred Compensation Plan.
The Form of The Taubman Centers, Inc. Non-
Employee Directors' Deferred Compensation
Plan.
First Amendment to the Taubman Centers, Inc.
Non-Employee
Deferred
Compensation Plan.
Directors'
Inc. Non-
Form of Taubman Centers,
Employee Directors' Deferred Compensation
Plan Amendment Agreement (revised for
Code Section 409A compliance).
Third Amended and Restated Limited Liability
Company Agreement of Taubman Properties
Asia LLC, a Delaware Limited Liability
Company.
10-Q
March 31, 2013
10
10-Q/A June 30, 2002
10(a)
10-K
10-K
8-K
8-K
December 31,
2012
10.11.1
December 31,
2012
10.12.1
10
10
May 18, 2005
May 18, 2005
10-Q
June 30, 2008
10(c)
10-K
December 31,
2008
10(ap)
10-K
December 31,
2012
10.14
A
March 31, 2010
10(a)
March 10, 2009
10(b)
March 10, 2009
10(c)
March 10, 2009
The Taubman Company 2008 Omnibus Long-
Term Incentive Plan, as amended and restated
as of May 21, 2010.
DEF 14
8-K
8-K
8-K
Form of The Taubman Company LLC 2008
Omnibus
Plan
Restricted Share Unit Award Agreement.
Long-Term
Incentive
Form of The Taubman Company LLC 2008
Omnibus Long-Term Incentive Plan Option
Award Agreement.
Form of The Taubman Company LLC 2008
Omnibus
Plan
Restricted and Performance Share Unit Award
Agreement.
Long-Term
Incentive
Incentive
Long-Term
Form of The Taubman Company LLC 2008
Omnibus
Plan
Performance Share Unit Award Agreement
(Five-Year Vesting).
The Form of Fair Competition Agreement, by
and between the Company and various officers
of the Company.
10-Q
March 31, 2012
10
10-Q
September 30,
2009
10(a)
Separation Agreement and Release, dated July
2, 2012, for David Weinert.
10-Q
September 30,
2012
10
Incorporated by Reference
Form
Period Ending
8-K
Exhibit
10
Filing Date
December 20, 2012
Filed
Herewith
10-K
December 31,
2012
10.20
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
Exhibit
Number
10.18
*10.19
*10.20
*10.21
12
21
23
31.1
31.2
32.1
32.2
99.1
99.2
Exhibit Description
Partnership Interest Purchase Agreement
dated as of December 17, 2012 between
CSAT, L.P., and Woodland Shopping Center
Limited Partnership.
Employment Agreement between Taubman
Asia Management Limited and Rene
Tremblay.
Employment Agreement
Taubman Company LLC and David Joseph.
between The
Change of Control Employment Agreement,
dated April 29, 2013, by and among the
Company, Taubman Centers Inc., and David
Joseph.
Statement Re: Computation of Taubman
Centers, Inc. Ratio of Earnings to Combined
Fixed Charges and Preferred Dividends.
Subsidiaries of Taubman Centers, Inc.
Consent of Independent Registered Public
Accounting Firm.
Certification of Chief Executive Officer
pursuant to 15 U.S.C. Section 10A, as adopted
pursuant to Section 302 of the Sarbanes-Oxley
Act of 2002.
Certification of Chief Financial Officer
pursuant to 15 U.S.C. Section 10A, as adopted
pursuant to Section 302 of the Sarbanes-Oxley
Act of 2002.
Certification of Chief Executive Officer
pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley
Act of 2002.
Certification of Chief Financial Officer
pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley
Act of 2002.
Debt Maturity Schedule.
Real Estate and Accumulated Depreciation
Schedule of the Unconsolidated Joint Ventures
of The Taubman Realty Group Limited
Partnership.
101.INS
XBRL Instance Document
XBRL Taxonomy Extension
Document
Schema
XBRL Taxonomy Extension Calculation
Linkbase Document
XBRL Taxonomy Extension Label Linkbase
Document
XBRL Taxonomy Extension Presentation
Linkbase Document
XBRL Taxonomy Extension Definition
Linkbase Document
101.SCH
101.CAL
101.LAB
101.PRE
101.DEF
*
**
15(b)
A management contract or compensatory plan or arrangement required to be filed.
Certain exhibits and schedules to this agreement have been omitted in accordance with Item 601(b)(2) of Regulation S-K. A
copy of any omitted exhibits or schedules will be furnished to the Securities and Exchange Commission upon request.
The list of exhibits filed with this report is set forth in response to Item 15(a)(3). The required exhibit index has
been filed with the exhibits.
15(c)
The financial statement schedules of the Company listed at Item 15(a)(2) are filed pursuant to this Item 15(c).
Note: The Company has not filed certain instruments with respect to long-term debt that did not exceed 10% of the Company’s total assets on
a consolidated basis. A copy of such instruments will be furnished to the Commission upon request.
TAUBMAN CENTERS, INC.
INDEX TO CONSOLIDATED FINANCIAL STATEMENTS AND
CONSOLIDATED FINANCIAL STATEMENT SCHEDULES
The following consolidated financial statements and consolidated financial statement schedules are included in Item 8 of this
Annual Report on Form 10-K:
CONSOLIDATED FINANCIAL STATEMENTS
Management’s Annual Report on Internal Control Over Financial Reporting
Reports of Independent Registered Public Accounting Firm
Consolidated Balance Sheet as of December 31, 2013 and 2012
Consolidated Statement of Operations and Comprehensive Income for the years ended December 31, 2013,
2012, and 2011
Consolidated Statement of Changes in Equity for the years ended December 31, 2013, 2012, and 2011
Consolidated Statement of Cash Flows for the years ended December 31, 2013, 2012, and 2011
Notes to Consolidated Financial Statements
CONSOLIDATED FINANCIAL STATEMENT SCHEDULES
Schedule II – Valuation and Qualifying Accounts for the years ended December 31, 2013, 2012, and 2011
Schedule III – Real Estate and Accumulated Depreciation as of December 31, 2013
F-2
F-3
F-5
F-6
F-7
F-9
F-10
F-49
F-50
F-1
MANAGEMENT'S ANNUAL REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
The management of Taubman Centers, Inc. is responsible for the preparation and integrity of the financial statements and
financial information reported herein. This responsibility includes the establishment and maintenance of adequate internal control
over financial reporting. The Company’s internal control over financial reporting is designed to provide reasonable assurance that
assets are safeguarded, transactions are properly authorized and recorded, and that the financial records and accounting policies
applied provide a reliable basis for the preparation of financial statements and financial information that are free of material
misstatement.
The management of Taubman Centers, Inc. is required to assess the effectiveness of the Company’s internal control over
financial reporting as of December 31, 2013. Management bases this assessment of the effectiveness of its internal control on
recognized control criteria, the Internal Control-Integrated Framework (1992) issued by the Committee of Sponsoring
Organizations of the Treadway Commission (COSO). Management has completed its assessment as of December 31, 2013.
Based on its assessment, management believes that Taubman Centers, Inc. maintained effective internal control over financial
reporting as of December 31, 2013. The independent registered public accounting firm, KPMG LLP, that audited the financial
statements included in this annual report have issued their report on the Company’s system of internal control over financial
reporting, also included herein.
F-2
Report of Independent Registered Public Accounting Firm
The Board of Directors and Shareowners
Taubman Centers, Inc.:
We have audited the accompanying consolidated balance sheet of Taubman Centers, Inc. (the Company) as of December 31,
2013 and 2012, and the related consolidated statements of operations and comprehensive income, changes in equity, and cash
flows for each of the years in the three-year period ended December 31, 2013. In connection with our audits of the consolidated
financial statements, we also have audited financial statement schedules listed in the Index at Item 15(a)(2). These consolidated
financial statements and financial statement schedules are the responsibility of the Company's management. Our responsibility is
to express an opinion on these consolidated financial statements and financial statement schedules based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).
Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements
are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures
in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable
basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial
position of Taubman Centers, Inc. as of December 31, 2013 and 2012, and the results of their operations and their cash flows for
each of the years in the three-year period ended December 31, 2013, in conformity with U.S. generally accepted accounting
principles. Also in our opinion, the related financial statement schedules, when considered in relation to the basic consolidated
financial statements taken as a whole, present fairly, in all material respects, the information set forth therein.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States),
Taubman Centers, Inc.'s internal control over financial reporting as of December 31, 2013, based on criteria established in Internal
Control - Integrated Framework (1992) issued by the Committee of Sponsoring Organizations of the Treadway Commission
(COSO), and our report dated February 26, 2014 expressed an unqualified opinion on the effectiveness of the Company's internal
control over financial reporting.
/s/ KPMG LLP
Chicago, Illinois
February 26, 2014
F-3
Report of Independent Registered Public Accounting Firm
The Board of Directors and Shareowners
Taubman Centers, Inc.:
We have audited Taubman Centers, Inc.'s (the Company) internal control over financial reporting as of December 31, 2013,
based on criteria established in Internal Control - Integrated Framework (1992) issued by the Committee of Sponsoring
Organizations of the Treadway Commission (COSO). Taubman Centers, Inc.'s management is responsible for maintaining effective
internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting,
included in the accompanying Management's Annual Report on Internal Control over Financial Reporting. Our responsibility is
to express an opinion on the Company's internal control over financial reporting based on our audit.
We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States).
Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control
over financial reporting was maintained in all material respects. Our audit included obtaining an understanding of internal control
over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating
effectiveness of internal control based on the assessed risk. Our audit also included performing such other procedures as we
considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion.
A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally
accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that
(1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions
of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation
of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the
company are being made only in accordance with authorizations of management and directors of the company; and (3) provide
reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's
assets that could have a material effect on the financial statements.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also,
projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because
of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
In our opinion, Taubman Centers, Inc. maintained, in all material respects, effective internal control over financial reporting as
of December 31, 2013, based on criteria established in Internal Control - Integrated Framework (1992) issued by the Committee
of Sponsoring Organizations of the Treadway Commission (COSO).
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States),
the consolidated balance sheet of the Company as of December 31, 2013 and 2012, and the related consolidated statements of
operations and comprehensive income, changes in equity, and cash flows for each of the years in the three-year period ended
December 31, 2013, and our report dated February 26, 2014 expressed an unqualified opinion on those consolidated financial
statements.
/s/ KPMG LLP
Chicago, Illinois
February 26, 2014
F-4
TAUBMAN CENTERS, INC.
CONSOLIDATED BALANCE SHEET
(in thousands, except share data)
Assets:
Properties (Notes 4 and 8)
Accumulated depreciation and amortization
Investment in Unconsolidated Joint Ventures (Notes 2 and 5)
Cash and cash equivalents
Restricted cash (Note 8)
Accounts and notes receivable, less allowance for doubtful accounts of $1,934 and $3,424
in 2013 and 2012 (Note 6)
Accounts receivable from related parties (Note 12)
Deferred charges and other assets (Note 7)
Total Assets
Liabilities:
Notes payable (Note 8)
Accounts payable and accrued liabilities
Distributions in excess of investments in and net income of Unconsolidated Joint Ventures
(Note 5)
Commitments and contingencies (Notes 2, 8, 9, 10, 11, 13, and 15)
Equity:
Taubman Centers, Inc. Shareowners’ Equity (Note 14):
Series B Non-Participating Convertible Preferred Stock, $0.001 par and liquidation
value, 40,000,000 shares authorized, 25,151,069 and 25,327,699 shares issued and
outstanding at December 31, 2013 and 2012
Series J Cumulative Redeemable Preferred Stock, 7,700,000 shares authorized, no
par, $192.5 million liquidation preference, 7,700,000 shares issued and outstanding at
December 31, 2013 and 2012
Series K Cumulative Redeemable Preferred Stock, 6,800,000 shares authorized, no
par, $170.0 million liquidation preference, 6,800,000 shares issued and outstanding at
December 31, 2013. No shares outstanding or authorized at December 31, 2012
Common Stock, $0.01 par value, 250,000,000 shares authorized, 63,101,614 and
63,310,148 shares issued and outstanding at December 31, 2013 and 2012
Additional paid-in capital
Accumulated other comprehensive income (loss) (Note 19)
Dividends in excess of net income
Noncontrolling interests (Note 9)
Total Liabilities and Equity
See notes to consolidated financial statements.
December 31
2013
December 31
2012
$
$
$
$
$
$
$
$
$
4,485,090
(1,516,982)
2,968,108
327,692
40,993
5,046
73,193
1,804
89,386
3,506,222
3,058,053
292,280
371,549
3,721,882
$
$
$
$
$
4,246,000
(1,395,876)
2,850,124
214,152
32,057
6,138
69,033
2,009
94,982
3,268,495
2,952,030
278,098
383,293
3,613,421
25
$
25
631
796,787
(8,914)
(908,656)
(120,127) $
(95,533)
(215,660) $
$
3,506,222
633
657,071
(22,064)
(891,283)
(255,618)
(89,308)
(344,926)
3,268,495
F-5
TAUBMAN CENTERS, INC.
CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
(in thousands, except share data)
Revenues:
Minimum rents
Percentage rents
Expense recoveries
Management, leasing, and development services
Other
Expenses:
Maintenance, taxes, utilities, and promotion
Other operating
Management, leasing, and development services
General and administrative
Acquisition costs (Note 2)
Interest expense
Depreciation and amortization
Nonoperating income, net
Income from continuing operations before income tax expense and equity in income of
Unconsolidated Joint Ventures
Income tax expense (Note 3)
Equity in income of Unconsolidated Joint Ventures (Note 5)
Income from continuing operations
Discontinued operations (Note 2):
Gains on extinguishment of debt
Other discontinued operations
Net income
Income from continuing operations attributable to noncontrolling interests (Note 9)
Income from discontinued operations attributable to noncontrolling interests (Note 9)
Net income attributable to Taubman Centers, Inc.
Distributions to participating securities of TRG (Note 13)
Preferred stock dividends (Note 14)
Net income attributable to Taubman Centers, Inc. common shareowners
Net income
Other comprehensive income (Note 19):
Unrealized gain (loss) on interest rate instruments and other
Cumulative translation adjustment
Reclassification adjustment for amounts recognized in net income
Comprehensive income
Comprehensive income attributable to noncontrolling interests
Comprehensive income attributable to Taubman Centers, Inc.
Basic earnings per common share (Note 16):
Continuing operations
Discontinued operations
Total basic earnings per common share
Diluted earnings per common share (Note 16):
Continuing operations
Discontinued operations
Total diluted earnings per common share
Year Ended December 31
2012
2011
2013
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
417,729
28,512
272,494
16,142
32,277
767,154
215,825
71,235
5,321
50,014
130,023
155,772
628,190
1,348
140,312
(3,409)
52,465
189,368
189,368
(56,778)
132,590
(1,749)
(20,933)
109,908
189,368
8,817
4,407
5,583
18,807
208,175
(62,443)
145,732
1.73
1.73
1.71
1.71
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
398,306
28,026
258,252
31,811
31,579
747,974
201,552
73,203
27,417
39,659
142,616
149,517
633,964
277
114,287
(4,964)
48,494
157,817
157,817
(51,643)
106,174
(1,612)
(21,051)
83,511
157,817
(4,506)
2,644
793
(1,069)
156,748
(51,238)
105,510
1.39
1.39
1.37
1.37
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
342,612
20,358
229,313
25,551
27,084
644,918
179,092
67,301
11,955
31,598
5,295
122,277
132,707
550,225
1,252
95,945
(610)
46,064
141,399
174,171
(28,172)
145,999
287,398
(50,218)
(44,309)
192,871
(1,536)
(14,634)
176,701
287,398
(20,583)
1,215
(19,368)
268,030
(74,856)
193,174
1.32
1.79
3.11
1.29
1.74
3.03
Weighted average number of common shares outstanding – basic
63,591,523
59,884,455
56,899,966
See notes to consolidated financial statements.
F-6
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.
TAUBMAN CENTERS, INC.
CONSOLIDATED STATEMENT OF CASH FLOWS
(in thousands)
Cash Flows From Operating Activities:
Net income
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization - continuing operations
Depreciation and amortization - discontinued operations
Provision for bad debts
Gains on sales of peripheral land
Gain on sale of marketable securities (Note 17)
Gains on extinguishment of debt of discontinued operations
Income from Unconsolidated Joint Ventures in excess of distributions
Other
Increase (decrease) in cash attributable to changes in assets and liabilities:
Receivables, restricted cash, deferred charges, and other assets
Accounts payable and other liabilities
Net Cash Provided By Operating Activities
Cash Flows From Investing Activities:
Additions to properties
Proceeds from sale of marketable securities (Note 17)
Proceeds from sales of peripheral land
Issuances of notes receivable
Repayments of notes receivable
Release of (additions to) restricted cash (Note 2)
Collection and release of TCBL related proceeds (Note 2)
Investment in TCBL Inc. (Note 2)
Contributions to Unconsolidated Joint Ventures
Contribution for acquisition of additional interest in Waterside Shops (Note 2)
Distributions from Unconsolidated Joint Ventures in excess of income
Other
Net Cash Provided By (Used In) Investing Activities
Cash Flows From Financing Activities:
Debt proceeds
Debt payments
Repayment of installment notes
Debt issuance costs
Repurchase of common stock
Issuance of common stock, net of offering costs
Issuance of common stock and/or partnership units in connection with incentive plans
Issuance of Series K Preferred Stock, net of offering costs
Issuance of Series J Preferred Stock, net of offering costs
Redemptions of Series G and H Preferred Stock
Redemption of Series F Preferred Equity
Redemption of redeemable noncontrolling interest
Acquisition of noncontrolling interest in International Plaza
Distributions to noncontrolling interests
Distributions to participating securities of TRG
Contributions from noncontrolling interests
Cash dividends to preferred shareowners
Cash dividends to common shareowners
Other
Net Cash Provided By (Used In) Financing Activities
Net Increase In Cash and Cash Equivalents
Cash and Cash Equivalents at Beginning of Year
Cash and Cash Equivalents at End of Year
Year Ended December 31
2012
2011
2013
$
189,368
$
157,817
$
287,398
155,772
149,517
1,397
489
(863)
(1,323)
(3,076)
13,501
12,165
13,142
(12,053)
29,557
371,372
$
(24,445)
27,898
324,349
$
(21,211)
20,479
270,166
(247,637) $
(69,443)
$
$
$
$
$
$
$
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2,493
6,916
(1,489)
526
12,903
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5,974
289,389
4,414
(110,208)
(36,250)
220,662
(371,433) $
126,344
$
429,745
(317,365)
$
(9,479)
(52,287)
(1,644)
164,395
(1,050)
(58,260)
(1,749)
4,729
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(127,105)
8,997
8,936
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$
$
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(281,467)
(4,711)
208,939
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(275,000)
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(1,612)
4,798
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24,033
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10,309
2,032
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3,728
1,544
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(11,523)
(21,757)
17,639
861
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536,648
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(8,830)
111,956
2,593
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(94,113)
(1,536)
32,211
(14,634)
(100,286)
(76)
102,916
4,742
19,291
24,033
See notes to consolidated financial statements.
F-9
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Note 1 - Summary of Significant Accounting Policies
Organization and Basis of Presentation
General
Taubman Centers, Inc. (the Company or TCO) is a Michigan corporation that operates as a self-administered and self-managed
real estate investment trust (REIT). The Taubman Realty Group Limited Partnership (the Operating Partnership or TRG) is a
majority-owned partnership subsidiary of TCO that owns direct or indirect interests in all of the company’s real estate properties.
In this report, the term “Company" refers to TCO, the Operating Partnership, and/or the Operating Partnership's subsidiaries as
the context may require. The Company engages in the ownership, management, leasing, acquisition, disposition, development,
and expansion of regional and super-regional retail shopping centers and interests therein. The Company’s owned portfolio as of
December 31, 2013 included 25 urban and suburban shopping centers operating in 13 states. In January 2014, the Company
disposed of its ownership interest in Arizona Mills, the Company's only shopping center in the state of Arizona (Note 21).
Taubman Properties Asia LLC and its subsidiaries (Taubman Asia), which is the platform for the Company’s expansion into
China and South Korea, is headquartered in Hong Kong.
Dollar amounts presented in tables within the notes to the financial statements are stated in thousands, except share data or as
otherwise noted.
Consolidation
The consolidated financial statements of the Company include all accounts of the Company, the Operating Partnership, and its
consolidated subsidiaries, including The Taubman Company LLC (the Manager) and Taubman Asia. All intercompany transactions
have been eliminated. The entities included in these consolidated financial statements are separate legal entities and maintain
records and books of account separate from any other entity. However, inclusion of these separate entities in the consolidated
financial statements does not mean that the assets and credit of each of these legal entities are available to satisfy the debts or other
obligations of any other such legal entity included in the consolidated financial statements.
Investments in entities not controlled but over which the Company may exercise significant influence (Unconsolidated Joint
Ventures or UJVs) are accounted for under the equity method. The Company has evaluated its investments in the Unconsolidated
Joint Ventures under guidance for determining whether an entity is a variable interest entity and has concluded that the ventures
are not variable interest entities. Accordingly, the Company accounts for its interests in these entities under general accounting
standards for investments in real estate ventures (including guidance for determining effective control of a limited partnership or
similar entity). The Company’s partners or other owners in these Unconsolidated Joint Ventures have substantive participating
rights including approval rights over annual operating budgets, capital spending, financing, admission of new partners/members,
or sale of the properties and the Company has concluded that the equity method of accounting is appropriate for these interests.
Specifically, the Company’s 79% investment in Westfarms is through a general partnership in which the other general partners
have approval rights over annual operating budgets, capital spending, refinancing, or sale of the property.
The Operating Partnership
At December 31, 2013, the Operating Partnership’s equity included two classes of preferred equity (Series J and K Preferred
Equity) and the net equity of the partnership unitholders (Note 14). Net income and distributions of the Operating Partnership are
allocable first to the preferred equity interests, and the remaining amounts to the general and limited partners in the Operating
Partnership in accordance with their percentage ownership. The Series J and K Preferred Equity are owned by the Company and
are eliminated in consolidation.
At December 31, 2012, the Operating Partnership’s equity included one class of preferred equity (Series J Preferred Equity)
and the net equity of the partnership unitholders. At December 31, 2011, the Operating Partnership's equity included two classes
of preferred equity (Series G and H Preferred Equity) and the net equity of the partnership unitholders. In September 2012, the
Series G and H Preferred Equity were redeemed. See Note 14 for information related to the redemptions of the Series G and Series
H Preferred Equity and the issuance of the Series J and K Preferred Equity.
F-10
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The partnership equity of the Operating Partnership and the Company's ownership therein are shown below:
TRG units
outstanding at
December 31
TRG units owned
by TCO at
December 31(1)
88,271,133
88,656,297
84,502,883
63,101,614
63,310,148
58,022,475
TRG units owned
by noncontrolling
interests at
December 31
25,169,519
25,346,149
26,480,408
TCO's %
interest in TRG
at December 31
71%
71
69
TCO's average
interest in TRG
72%
69
69
Year
2013
2012
2011
(1) There is a one-for-one relationship between TRG units owned by TCO and TCO common shares outstanding; amounts in this column are equal to
TCO’s common shares outstanding as of the specified dates.
Outstanding voting securities of the Company at December 31, 2013 consisted of 25,151,069 shares of Series B Preferred Stock
(Note 14) and 63,101,614 shares of Common Stock.
Revenue Recognition
Shopping center space is generally leased to tenants under short and intermediate term leases that are accounted for as operating
leases. Minimum rents are recognized on the straight-line method. Percentage rent is accrued when lessees' specified sales targets
have been met. For traditional net leases, where tenants reimburse the landlord for an allocation of reimbursable costs incurred,
the Company recognizes revenue in the period the applicable costs are chargeable to tenants. For tenants paying a fixed common
area maintenance charge (which typically includes fixed increases over the lease term), the Company recognizes revenue on a
straight-line basis over the lease terms. Management, leasing, and development revenue is recognized as services are rendered,
when fees due are determinable, and collectibility is reasonably assured. Fees for management, leasing, and development services
are established under contracts and are generally based on negotiated rates, percentages of cash receipts, and/or actual costs
incurred. Fixed-fee development services contracts are generally accounted for under the percentage-of-completion method, using
cost to cost measurements of progress. Profits on real estate sales are recognized whenever (1) a sale is consummated, (2) the
buyer has demonstrated an adequate commitment to pay for the property, (3) the Company’s receivable is not subject to future
subordination, and (4) the Company has transferred to the buyer the risks and rewards of ownership. Other revenues, including
fees paid by tenants to terminate their leases, are recognized when fees due are determinable, no further actions or services are
required to be performed by the Company, and collectibility is reasonably assured. Taxes assessed by government authorities on
revenue-producing transactions, such as sales, use, and value-added taxes, are primarily accounted for on a net basis on the
Company’s income statement.
Allowance for Doubtful Accounts and Notes
The Company records a provision for losses on accounts receivable to reduce them to the amount estimated to be collectible.
The Company records a provision for losses on notes receivable to reduce them to the present value of expected future cash flows
discounted at the loans’ effective interest rates or the fair value of the collateral if the loans are collateral dependent.
Depreciation and Amortization
Buildings, improvements, and equipment are primarily depreciated on straight-line bases over the estimated useful lives of the
assets, which generally range from 3 to 50 years. Capital expenditures that are recoverable from tenants are depreciated over the
estimated recovery period. Intangible assets are amortized on a straight-line basis over the estimated useful lives of the assets.
Tenant allowances are depreciated on a straight-line basis over the shorter of the useful life of the leasehold improvements or the
lease term. Deferred leasing costs are amortized on a straight-line basis over the lives of the related leases. In the event of early
termination of such leases, the unrecoverable net book values of the assets are recognized as depreciation and amortization expense
in the period of termination.
Capitalization
Direct and indirect costs that are clearly related to the acquisition, development, construction, and improvement of properties
are capitalized. Compensation costs are allocated based on actual time spent on a project. Costs incurred on real estate for ground
leases, property taxes, insurance, and interest costs for qualifying assets are capitalized during periods in which activities necessary
to get the property ready for its intended use are in progress.
F-11
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The viability of all projects under construction or development, including those owned by Unconsolidated Joint Ventures, are
regularly evaluated on an individual basis under the accounting for abandonment of assets or changes in use. To the extent a project,
or individual components of the project, are no longer considered to have value, the related capitalized costs are charged against
operations. Additionally, all properties are reviewed for impairment on an individual basis whenever events or changes in
circumstances indicate that their carrying value may not be recoverable. Impairment of a shopping center owned by consolidated
entities is recognized when the sum of expected cash flows (undiscounted and without interest charges) is less than the carrying
value of the property. Other than temporary impairment of an investment in an Unconsolidated Joint Venture is recognized when
the carrying value of the investment is not considered recoverable based on evaluation of the severity and duration of the decline
in value, including the results of discounted cash flow and other valuation techniques. To the extent impairment has occurred, the
excess carrying value of the asset over its estimated fair value is charged to income.
In leasing a shopping center space, the Company may provide funding to the lessee through a tenant allowance. In accounting
for a tenant allowance, the Company determines whether the allowance represents funding for the construction of leasehold
improvements and evaluates the ownership, for accounting purposes, of such improvements. If the Company is considered the
owner of the leasehold improvements for accounting purposes, the Company capitalizes the amount of the tenant allowance and
depreciates it over the shorter of the useful life of the leasehold improvements or the lease term. If the tenant allowance represents
a payment for a purpose other than funding leasehold improvements, or in the event the Company is not considered the owner of
the improvements for accounting purposes, the allowance is considered to be a lease incentive and is recognized over the lease
term as a reduction of rental revenue. Factors considered during this evaluation usually include (1) who holds legal title to the
improvements, (2) evidentiary requirements concerning the spending of the tenant allowance, and (3) other controlling rights
provided by the lease agreement (e.g. unilateral control of the tenant space during the build-out process). Determination of the
accounting for a tenant allowance is made on a case-by-case basis, considering the facts and circumstances of the individual tenant
lease. Substantially all of the Company’s tenant allowances have been determined to be leasehold improvements.
Cash and Cash Equivalents
Cash equivalents consist of highly liquid investments with a maturity of 90 days or less at the date of purchase. The Company
deposits cash and cash equivalents with institutions with high credit quality. From time to time, cash and cash equivalents may
be in excess of FDIC insurance limits. Included in cash equivalents at both December 31, 2013 and 2012 was $18.0 million invested
in a single investment company's money market fund, which is not insured or guaranteed by the FDIC or any other government
agency.
The Company is required to escrow cash balances for specific uses stipulated by its lenders. As of December 31, 2013 and
December 31, 2012, the Company’s restricted cash balances were $5.0 million and $6.1 million, respectively. Included in restricted
cash is $3.8 million at December 31, 2013 on deposit in excess of the FDIC insured limit.
Acquisitions
The Company recognizes the assets acquired, the liabilities assumed, and any noncontrolling interests in the acquiree at their
fair values as of the acquisition date. The cost of acquiring a controlling ownership interest or an additional ownership interest (if
not already consolidated) is allocated to the tangible assets acquired (such as land and building) and to any identifiable intangible
assets based on their estimated fair values at the date of acquisition. The fair value of a property is determined on an “as-if-vacant”
basis. Management considers various factors in estimating the "as-if-vacant" value including an estimated lease up period, lost
rents, and carrying costs. The identifiable intangible assets would include the estimated value of “in-place” leases, above and
below market “in-place” leases, and tenant relationships. The portion of the purchase price that management determines should
be allocated to identifiable intangible assets is amortized in depreciation and amortization or as an adjustment to rental revenue,
as appropriate, over the estimated life of the associated intangible asset (for instance, the remaining life of the associated tenant
lease). The Company records goodwill when the cost of an acquired entity exceeds the net of the amounts assigned to assets
acquired and liabilities assumed. Costs related to the acquisition of a controlling interest, including due diligence costs, professional
fees, and other costs to effect an acquisition, are expensed as incurred.
F-12
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Deferred Charges and Other Assets
Direct financing costs are deferred and amortized on a straight-line basis, which approximates the effective interest method,
over the terms of the related agreements as a component of interest expense. Direct costs related to successful leasing activities
are capitalized and amortized on a straight-line basis over the lives of the related leases. Cash expenditures for leasing costs are
recognized in the Statement of Cash Flows as operating activities. All other deferred charges are amortized on a straight-line basis
over the terms of the agreements to which they relate.
Share-Based Compensation Plans
The cost of share-based compensation is measured at the grant date, based on the calculated fair value of the award, and is
recognized over the requisite employee service period which is generally the vesting period of the grant. The Company recognizes
compensation costs for awards with graded vesting schedules on a straight-line basis over the requisite service period for each
separately vesting portion of the award as if the award was, in-substance, multiple awards.
Interest Rate Hedging Agreements
All derivatives, whether designated in hedging relationships or not, are recorded on the balance sheet at fair value. If a derivative
is designated as a cash flow hedge, the effective portions of changes in the fair value of the derivative are recorded in other
comprehensive income (OCI) and are recognized in the income statement when the hedged item affects income. Ineffective portions
of changes in the fair value of a cash flow hedge are recognized in the Company’s income as interest expense.
The Company formally documents all relationships between hedging instruments and hedged items, as well as its risk
management objectives and strategies for undertaking various hedge transactions. The Company assesses, both at the inception
of the hedge and on an ongoing basis, whether the derivatives that are used in hedging transactions are highly effective in offsetting
changes in the cash flows of the hedged items.
Income Taxes
The Company operates in such a manner as to qualify as a REIT under the applicable provisions of the Internal Revenue Code;
therefore, REIT taxable income is included in the taxable income of its shareowners, to the extent distributed by the Company.
To qualify as a REIT, the Company must distribute at least 90% of its REIT taxable income prior to net capital gains to its
shareowners and meet certain other requirements. Additionally, no provision for federal income taxes for consolidated partnerships
has been made, as such taxes are the responsibility of the individual partners. There are certain state income taxes incurred which
are provided for in the Company’s financial statements.
The Company has made Taxable REIT Subsidiary (TRS) elections for all of its corporate subsidiaries pursuant to section 856
(I) of the Internal Revenue Code. The TRSs are subject to corporate level income taxes, including certain foreign income taxes
for foreign operations, which are provided for in the Company’s financial statements.
Deferred tax assets and liabilities reflect the impact of temporary differences between the amounts of assets and liabilities for
financial reporting purposes and the bases of such assets and liabilities as measured by tax laws. Deferred tax assets are reduced
by a valuation allowance to the amount where realization is more likely than not assured after considering all available evidence,
including expected taxable earnings. The Company’s temporary differences primarily relate to deferred compensation, depreciation,
and net operating loss carryforwards.
F-13
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Noncontrolling Interests
Noncontrolling interests in the Company are comprised of the ownership interests of (1) noncontrolling interests in the Operating
Partnership and (2) the noncontrolling interests in joint ventures controlled by the Company through ownership or contractual
arrangements. Consolidated net income and comprehensive income includes amounts attributable to the Company and the
noncontrolling interests. Transactions that change the Company's ownership interest in a subsidiary are accounted for as equity
transactions if the Company retains its controlling financial interest in the subsidiary.
The Company evaluates whether noncontrolling interests are subject to any redemption features outside of the Company's control
that would result in presentation outside of permanent equity pursuant to general accounting standards regarding the classification
and measurement of redeemable equity instruments. Certain noncontrolling interests in the Operating Partnership and consolidated
ventures of the Company qualify as redeemable noncontrolling interests (Note 9). To the extent such noncontrolling interests are
currently redeemable or it is probable that they will eventually become redeemable, these interests are adjusted to the greater of
their redemption value or their carrying value at each balance sheet date.
Foreign Currency Translation
The Company has certain entities in Asia for which the functional currency is the local currency. The assets and liabilities of the
entities are translated from their functional currency into U.S. Dollars at the rate of exchange in effect on the balance sheet date.
Income statement accounts are generally translated using the average exchange rate for the period. Income statement amounts of
significant transactions are translated at the rate in effect as of the date of the transaction. The Company's share of unrealized gains
and losses resulting from the translation of the entities' financial statements are reflected in stockholders' equity as a component
of Accumulated Other Comprehensive Income (loss) in the Company's Consolidated Balance Sheet (Note 19).
Discontinued Operations
The Company reclassifies to discontinued operations any material operations and gains or losses on disposal related to
consolidated properties disposed of during the period in accordance with the applicable accounting standards. In 2011, the Company
disposed of two centers and reported gains on the extinguishment of debt in the Statement of Operations and Comprehensive
Income (Note 2).
Use of Estimates
The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management
to make estimates and assumptions that affect the reported amounts of assets, liabilities, and disclosure of contingent assets and
liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.
Segments and Related Disclosures
The Company has one reportable operating segment: it owns, develops, and manages regional shopping centers. The Company
has aggregated its shopping centers into this one reportable segment, as the shopping centers share similar economic characteristics
and other similarities. The shopping centers are located in major metropolitan areas, have similar tenants (most of which are
national chains), are operated using consistent business strategies, and are expected to exhibit similar long-term financial
performance. Earnings before interest, income taxes, depreciation, and amortization (EBITDA) is often used by the Company's
chief operating decision makers in assessing segment operating performance. EBITDA is believed to be a useful indicator of
operating performance as it is customary in the real estate and shopping center business to evaluate the performance of properties
on a basis unaffected by capital structure.
No single retail company represents 10% or more of the Company's revenues. Although the Company does business in China
and South Korea, there are not yet any material revenues from customers or long-lived assets attributable to a country other than
the United States of America. At December 31, 2013, the Company's investments in Asia are in Unconsolidated Joint Ventures
and accounted for under the equity method.
F-14
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Note 2 - Acquisitions, Dispositions, and Developments
Acquisitions
Redemption of Joint Venture Outlet Interest
In September 2013, the Company redeemed the outlet joint venture partner's 10% interest, which increased the Company's
ownership to 100%. See "Note 9 - Noncontrolling Interests" for further details on the redemption.
International Plaza
In December 2012, the Company acquired an additional 49.9% interest in International Plaza from CSAT, LP, which increased
its ownership in the center to 100%. The $437 million purchase price for CSAT, LP's interest in the center consisted of $275 million
of cash and approximately $162 million of beneficial interest in debt. The acquisition of the additional interest in a consolidated
subsidiary was accounted for as an equity transaction. Consequently, the difference of $339.2 million between the consideration
paid for the interest and the book value of the noncontrolling interest was recognized as an adjustment to additional paid-in-capital
and the noncontrolling partners in TRG. The Company subsequently sold a total of 49.9% of its interests, including certain
governance rights, in the entity that owns International Plaza in January 2014 (Note 21).
Waterside Shops
In December 2012, the Company acquired an additional 25% interest in Waterside Shops, which brought the Company's
ownership interest in the center to 50%. The acquisition of the additional interest was accomplished by purchasing an affiliate of
Oregon PERS' 50% interest in the center on a pari passu basis with an affiliate of The Forbes Company. The $155.0 million purchase
price for Oregon PERS' interest in the center consisted of $72.5 million of cash and $82.5 million of beneficial interest in debt.
The Company's share of the consideration for the additional interest was $77.5 million, which consisted of cash and beneficial
interest in debt of $36.3 million and $41.3 million, respectively. After the acquisition, the Company continues to recognize its
investment in Waterside Shops in Investment in Unconsolidated Joint Ventures on the Consolidated Balance Sheet. The Company's
share of the difference between the purchase price and the net book value of the additional interest in the Unconsolidated Joint
Venture was $52.7 million, which was allocated to land, buildings, improvements, and equipment. In addition, beneficial interest
in debt was increased by a $3.9 million purchase accounting premium to record the debt at fair value. The premium is being
amortized as a reduction to interest expense over the remaining term of the debt and had a balance of $2.9 million as of December 31,
2013.
The Mall at Green Hills, The Gardens on El Paseo and El Paseo Village
In December 2011, the Company acquired The Mall at Green Hills in Nashville, Tennessee, and The Gardens on El Paseo and
El Paseo Village in Palm Desert, California from affiliates of Davis Street Properties, LLC. The consideration for the properties
was $560 million. The consideration consisted of the assumption of approximately $206 million of debt, $281.5 million in
installment notes, and the issuance of 1.3 million Operating Partnership units. For each operating partnership unit issued, a share
of Series B Preferred Stock (Note 15) was issued. In 2011 cash was drawn from the Company's revolving lines of credit primarily
to collateralize the $281.5 million in installment notes that were issued for the acquisition of The Mall at Green Hills, The Gardens
on El Paseo and El Paseo Village. In 2012, the installment notes were repaid. The assumed debt consisted of three loans. The 1.3
million Operating Partnership units issued were determined based on a value of $55 per unit, which approximated the fair value
due to initial restrictions on sale of these Operating Partnership units. See Note 9 for features of the Operating Partnership units.
The consideration was allocated to land; buildings, improvements, and equipment; and deferred charges and other assets. Beneficial
interest in debt was increased by a $9.6 million purchase accounting premium to record the debt at fair value. The premium is
being amortized as a reduction of interest expense over the remaining terms of the debt and had a $2.9 million balance at
December 31, 2013. In addition, a liability was recorded to adjust the purchase price for below market rentals.
Acquisition costs
During the year ended December 31, 2011, the Operating Partnership incurred $5.3 million in expenses for the acquisition of
The Mall at Green Hills, The Gardens on El Paseo and El Paseo Village, and Taubman TCBL. Acquisition costs incurred during
2013 and 2012 were immaterial.
F-15
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Dispositions
2014 Dispositions
The Company sold interests in International Plaza, Arizona Mills, and land relating to the former Oyster Bay project in 2014
(Note 21).
TCBL
In November 2012, assets of the Taubman TCBL business were sold for $15.5 million. Additionally, the purchase price was
adjusted for certain working capital and other transition costs. The total sale consideration was approximately equal to Taubman's
investment in the business. As part of the sale, the non-controlling owners in Taubman TCBL relinquished the capital that was
credited to them in connection with the Company's 2011 acquisition of Taubman TCBL. In connection with the sale, the Company
received cash of approximately $4.4 million, while the remaining consideration consisted of approximately $3.6 million held in
an escrow account pending receipt of consideration in an equivalent amount of Chinese Renminbi, a note receivable of
approximately $8.5 million, and other receivables of approximately $0.8 million. Additionally, the Company incurred a tax liability
of $3.2 million, which is included within Income Tax Expense on the Consolidated Statement of Operations and Comprehensive
Income during 2012. As of December 31, 2012, the cash held in escrow was included within Deferred Charges and Other Assets
on the Consolidated Balance Sheet and the note receivable and other receivables were included within Accounts and Notes
Receivable on the Consolidated Balance Sheet. In 2013, the Company collected this remaining consideration from the sale.
Discontinued Operations
Discontinued operations for the period ended December 31, 2011 reported in the accompanying Statement of Operations and
Comprehensive Income consist of the financial results of The Pier Shops at Caesars (The Pier Shops) and Regency Square. Total
revenues from discontinued operations were $21.5 million for the year ended December 31, 2011. The net loss from discontinued
operations, excluding the gains on extinguishment of debt in 2011, during the year ended December 31, 2011 was $28.2 million.
In November 2011, the mortgage lender for The Pier Shops completed the foreclosure on the property and title to the property
was transferred to the mortgage lender. The Company was relieved of $135.0 million of debt obligations plus accrued default
interest associated with the property. As a result, a $126.7 million non-cash accounting gain was recognized on extinguishment of
the debt obligation, representing the difference between the book value of the debt, interest payable and other obligations
extinguished over the net book value of the property and other assets transferred as of the transfer date.
In December 2011, the mortgage lender for Regency Square accepted a deed in lieu of foreclosure on the property and title to
the property was transferred to the mortgage lender. The Company was relieved of $72.2 million of debt obligations plus accrued
default interest associated with the property. As a result, a $47.4 million non-cash accounting gain was recognized on extinguishment
of the debt obligation, representing the difference between the book value of the debt, interest payable and other obligations
extinguished over the net book value of the property and other assets transferred as of the transfer date.
U.S. Development
International Market Place
International Market Place, a 0.4 million square foot center, is under development in Waikiki, Honolulu, Hawaii. The center will
be anchored by the only full-line Saks Fifth Avenue in Hawaii. The Company will break ground on the center in March 2014 with
an expected opening in spring 2016. The Company has a 93.5% interest in the project, which is subject to a participating ground
lease. As of December 31, 2013, the Company's capitalized costs for the project were $14.6 million ($13.7 million at TRG's share).
The Mall at University Town Center
The Mall at University Town Center, a 0.9 million square foot center, is under construction in Sarasota, Florida. The Company
is funding its 50% share of the project. The center will be anchored by Saks Fifth Avenue, Macy's, and Dillard's and is expected
to open in October 2014. As of December 31, 2013, the Company had invested $91.6 million. This investment is classified within
Investment in Unconsolidated Joint Ventures on the Consolidated Balance Sheet.
F-16
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The Mall of San Juan
The Mall of San Juan, a 0.7 million square foot center, is under construction in San Juan, Puerto Rico. The Company owns 80%
of the retail portion of the project. The center will be anchored by Nordstrom and Saks Fifth Avenue and is expected to open in
March 2015. As of December 31, 2013, the Company had capitalized costs of $158.7 million ($127.2 million at TRG's share).
Taubman Prestige Outlets Chesterfield
Taubman Prestige Outlets Chesterfield, a 0.3 million square foot outlet project in Chesterfield, Missouri, opened in August 2013.
The Company increased its ownership in the project to 100% as a result of the Company's September 2013 redemption of the
outlet joint venture partner (Note 9).
Asia
CityOn.Zhengzhou
In 2013, the Company formed a joint venture with Beijing Wangfujing Department Store (Group) Co., Ltd, one of China's largest
department store chains. The joint venture owns a majority interest in and will manage an approximately 1.0 million square foot
multi-level shopping center to be located in Zhengzhou, China. Through this joint venture, the Company beneficially owns a 32%
interest in the shopping center, which is scheduled to open in late 2015. As of December 31, 2013, the Company had invested
$39.4 million in the project, after cumulative currency adjustments. The investment is classified within Investment in
Unconsolidated Joint Ventures on the Consolidated Balance Sheet.
CityOn.Xi'an
In 2012, the Company formed a joint venture with Beijing Wangfujing Department Store (Group) Co., Ltd. The joint venture
will own a 60% controlling interest in and manage an approximately 1.0 million square foot shopping center to be located at Xi'an
Saigao City Plaza, a large-scale mixed-use development in Xi'an, China. Through this joint venture, the Company will beneficially
own a 30% interest in the shopping center, which is scheduled to open in late 2015. As of December 31, 2013, the Company had
invested $56.1 million in the project, after cumulative currency translation adjustments. This investment is classified within
Investment in Unconsolidated Joint Ventures on the Consolidated Balance Sheet.
Hanam Union Square
In 2011, the Company partnered with Shinsegae Group, South Korea's largest retailer, to build an approximately 1.7 million
square foot shopping mall in Hanam, Gyeonggi Province, South Korea. The Company has a 30% interest in the development,
which is scheduled to open in late 2016. As of December 31, 2013, the Company had invested $97.8 million in the project, after
cumulative currency translation adjustments. This investment is classified within Investment in Unconsolidated Joint Ventures on
the Consolidated Balance Sheet.
F-17
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Note 3 - Income Taxes
Income Tax Expense
The Company’s income tax expense for the years ended December 31, 2013, 2012, and 2011 is as follows:
State current
State deferred
Federal current
Federal deferred
Foreign current
Foreign deferred
Total income tax expense
2013
2012
2011
$
$
230
(77)
547
632
2,193
(116)
3,409
$
$
205
(13)
1,011
257
3,324 (1)
180 (1)
551
(366)
217
158
50
$
4,964
$
610
(1) The Company recognized $3.2 million of income tax expense related to the sale of Taubman TCBL's assets (Note 2), of which
$2.8 million is included in foreign current tax expense and $0.4 million is included in foreign deferred tax expense.
Net Operating Loss Carryforwards
As of December 31, 2013, the Company had a total federal net operating loss carryforward of $2.0 million, expiring as follows:
Tax Year
2008
2009
2010
2011
2012
$
Expiration
2028
2029
2030
2031
2032
Amount
1,515
297
37
44
101
The Company also had a foreign net operating loss carryforward with an indefinite carryforward period of $7.2 million as of
December 31, 2013.
Deferred Taxes
Deferred tax assets and liabilities as of December 31, 2013 and 2012 are as follows:
Deferred tax assets:
Federal
Foreign
State
Total deferred tax assets
Valuation allowances
Net deferred tax assets
Deferred tax liabilities:
Federal
Foreign
State
Total deferred tax liabilities
F-18
2013
2012
$
$
$
$
$
2,746
1,821
527
5,094
(1,831)
3,263
602
449
107
1,158
$
$
$
$
$
3,378
1,090
182
4,650
(991)
3,659
609
401
107
1,117
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The Company believes that it is more likely than not the results of future operations will generate sufficient taxable income to
realize the net deferred tax assets. These future operations are primarily dependent upon the Manager's profitability, the timing
and amounts of gains on land sales, the profitability of the Company’s Asia operations, and other factors affecting the results of
operations of the Taxable REIT Subsidiaries. The valuation allowances relate to net operating loss carryforwards and tax basis
differences where there is uncertainty regarding their realizability.
International Plaza
In November 2013, substantially all of the interest in International Plaza acquired by the Company in 2012 was transferred to
a Taxable REIT Subsidiary of the Company. Prior to the transfer in November 2013, substantially all of the interest was held by
a nontaxable subsidiary of the Company. No deferred taxes were recorded related to any book-tax basis differences related to this
transaction because of its intercompany nature.
Tax Status of Dividends
Dividends declared on the Company’s common and preferred stock and their tax status are presented in the following tables.
The tax status of the Company’s dividends in 2013, 2012, and 2011 may not be indicative of future periods.
Dividends per
common
share declared
Return of
capital
Ordinary
income
15% Rate
long term
capital gain
Unrecaptured
Sec. 1250
capital gain
$
2.0000
$
0.2636
$
1.7364
$
0.0000
$
1.8500
1.7625
0.5429
0.4455
1.3071
1.3170
0.0000
0.0000
0.0000
0.0000
0.0000
Year
2013
2012
2011
Year
2012
2011
Year
2012
2011
Year
2013
2012
Year
2013
Dividends per
Series G
Preferred
share declared
1.350
$
2.000
Dividends per
Series H
Preferred
share declared
1.28672
$
1.90625
Dividends per
Series J
Preferred
share declared
1.6250
$
0.6184
Dividends per
Series K
Preferred
share declared
1.24132
$
Ordinary
income
15% Rate
long term
capital gain
Unrecaptured
Sec. 1250
capital gain
$
1.350
2.000
$
0.0000
0.0000
0.0000
0.0000
Ordinary
income
15% Rate
long term
capital gain
Unrecaptured
Sec. 1250
capital gain
1.28672
1.90625
$
$
0.0000
0.0000
0.0000
0.0000
Ordinary
income
15% Rate
long term
capital gain
Unrecaptured
Sec. 1250
capital gain
$
1.6250
0.6184
$
0.0000
0.0000
0.0000
0.0000
$
$
$
Ordinary
income
15% Rate
long term
capital gain
Unrecaptured
Sec. 1250
capital gain
$
1.24132
$
0.0000
$
0.0000
F-19
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Tax Benefits
During the years ended December 31, 2013 and 2012, the Company realized a $0.5 million and $1.0 million tax benefit
respectively, as additional paid-in capital relating to the redemption of certain share-based compensation awards. This benefit
represents the amount of reduced Federal income tax attributed to the tax deduction that exceeds the recognized deferred tax asset
relating to the awards, which was based on their cumulative book compensation cost. This excess tax deduction is due to changes
in the fair value of the Company's shares between the grant date (the measurement date for book purposes) and the exercise date
(the measurement date for tax purposes) of the awards.
Uncertain Tax Positions
The Company expects no significant increases or decreases in unrecognized tax benefits due to changes in tax positions within
one year of December 31, 2013. The Company has no material interest or penalties relating to income taxes recognized in the
Consolidated Statement of Operations and Comprehensive Income for the years ended December 31, 2013, 2012, and 2011 or in
the Consolidated Balance Sheet as of December 31, 2013 and 2012. As of December 31, 2013, returns for the calendar years 2010
through 2013 remain subject to examination by U.S. and various state and foreign tax jurisdictions.
Note 4 - Properties
Properties at December 31, 2013 and December 31, 2012 are summarized as follows:
Land
2013
2012
$
336,360
$
333,270
Buildings, improvements, and equipment
3,896,401
3,749,180
Construction in process
Development pre-construction costs
Accumulated depreciation and amortization
106,035
146,294
116,850
46,700
$
$
4,485,090
(1,516,982)
2,968,108
$
$
4,246,000
(1,395,876)
2,850,124
Depreciation expense for 2013, 2012, and 2011 was $142.5 million, $134.9 million, and $127.2 million, respectively.
The charge to operations in 2013, 2012, and 2011 for domestic and non-U.S. pre-development activities was $10.6 million,
$19.8 million, and $23.7 million, respectively.
Oyster Bay
The Company’s capitalized investment in the former Oyster Bay project as of December 31, 2013 was $39.8 million, which is
classified in “development pre-construction costs” and consists of land and site improvements. In January 2014, the Company
disposed of its investment in Oyster Bay in conjunction with the sale of Arizona Mills (Note 21).
Other
One shopping center pays annual special assessment levies of a Community Development District (CDD), for which the Company
has capitalized the related infrastructure assets and improvements (Note 17).
F-20
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Note 5 - Investments in Unconsolidated Joint Ventures
General Information
The Company owns beneficial interests in joint ventures that own shopping centers. The Operating Partnership is the sole direct
or indirect managing general partner or managing member of Fair Oaks, Stamford Town Center, Sunvalley, and Westfarms. The
Operating Partnership also provides certain management, leasing, and/or development services to the other shopping centers noted
below.
Shopping Center
Arizona Mills (1)
CityOn.Xi'an (under construction)
CityOn.Zhengzhou (under construction)
Fair Oaks
Hanam Union Square (under construction)
The Mall at Millenia
Stamford Town Center
Sunvalley
The Mall at University Town Center (under construction)
Waterside Shops
Westfarms
Ownership as of
December 31, 2013 and 2012
50%
Note 2
Note 2
50
Note 2
50
50
50
Note 2
50
79
(1) In January 2014, Company disposed of its 50% interest in Arizona Mills (Note 21).
The Company's carrying value of its Investment in Unconsolidated Joint Ventures differs from its share of the partnership or
members’ equity reported in the combined balance sheet of the Unconsolidated Joint Ventures due to (i) the Company's cost of its
investment in excess of the historical net book values of the Unconsolidated Joint Ventures and (ii) the Operating Partnership’s
adjustments to the book basis, including intercompany profits on sales of services that are capitalized by the Unconsolidated Joint
Ventures. The Company's additional basis allocated to depreciable assets is recognized on a straight-line basis over 40 years. The
Operating Partnership’s differences in bases are amortized over the useful lives or terms of the related assets and liabilities.
In its Consolidated Balance Sheet, the Company separately reports its investment in Unconsolidated Joint Ventures for which
accumulated distributions have exceeded investments in and net income of the Unconsolidated Joint Ventures. The net equity of
certain joint ventures is less than zero because distributions are usually greater than net income, as net income includes non-cash
charges for depreciation and amortization. In addition, distributions related to refinancing of the centers further decrease the net
equity of the centers.
F-21
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Combined Financial Information
Combined balance sheet and results of operations information is presented in the following table for the Unconsolidated Joint
Ventures, followed by the Operating Partnership's beneficial interest in the combined operations information. The combined
information of the Unconsolidated Joint Ventures as of December 31, 2013 excluded the balances of Hanam Union Square,
CityOn.Xi'an, and CityOn.Zhengzhou, which are currently under construction (Note 2). Beneficial interest is calculated based on
the Operating Partnership's ownership interest in each of the Unconsolidated Joint Ventures.
Assets:
Properties
Accumulated depreciation and amortization
Cash and cash equivalents
Accounts and notes receivable, less allowance for doubtful accounts of $977 and $1,072 in
2013 and 2012
Deferred charges and other assets
Liabilities and accumulated deficiency in assets:
Mortgage notes payable
Accounts payable and other liabilities
TRG's accumulated deficiency in assets
Unconsolidated Joint Venture Partners' accumulated deficiency in assets
TRG's accumulated deficiency in assets (above)
TRG's investment in projects under development (Note 2)
TRG basis adjustments, including elimination of intercompany profit
TCO's additional basis
Net Investment in Unconsolidated Joint Ventures
Distributions in excess of investments in and net income of Unconsolidated Joint Ventures
Investment in Unconsolidated Joint Ventures
December 31
2013
December 31
2012
$
$
1,305,658
(478,820)
826,838
$
$
28,782
33,626
28,095
1,129,647
(473,101)
656,546
30,070
26,032
31,282
$
917,341
$
743,930
$
1,551,161
$
1,490,857
70,226
(412,204)
(291,842)
917,341
$
(412,204) $
193,306
118,132
56,909
(43,857) $
371,549
68,282
(470,411)
(344,798)
743,930
(470,411)
128,279
114,136
58,855
(169,141)
383,293
327,692
$
214,152
$
$
$
$
F-22
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Revenues
Year Ended December 31
2013
2012
2011
$ 294,720
$ 282,136
$ 266,455
Maintenance, taxes, utilities, promotion, and other operating expenses
$
92,901
$
91,094
$
84,922
Interest expense
Depreciation and amortization
Total operating costs
Nonoperating income
Net income
Net income attributable to TRG
Realized intercompany profit, net of depreciation on TRG’s basis adjustments
Depreciation of TCO's additional basis
Equity in income of Unconsolidated Joint Ventures
Beneficial interest in Unconsolidated Joint Ventures’ operations:
68,998
36,644
68,760
37,342
61,034
38,389
$ 198,543
$ 197,196
$ 184,345
$
$
$
96,177
53,166
1,245
(1,946)
52,465
$
$
$
18
84,958
47,763
2,677
(1,946)
48,494
$
$
$
162
82,272
46,208
1,802
(1,946)
46,064
Interest expense
Revenues less maintenance, taxes, utilities, promotion, and other operating expenses $ 114,939
(37,554)
(24,920)
52,465
Equity in income of Unconsolidated Joint Ventures
Depreciation and amortization
$
$ 107,044
(35,862)
(22,688)
48,494
$
$ 100,773
(31,607)
(23,102)
46,064
$
Other
The provision for losses on accounts receivable of the Unconsolidated Joint Ventures was $0.6 million, $0.3 million, and $0.7
million for the years ended December 31, 2013, 2012, and 2011, respectively.
Deferred charges and other assets of $28.1 million at December 31, 2013 were comprised of leasing costs of $34.0 million,
before accumulated amortization of $(17.7) million, net deferred financing costs of $9.0 million, and other net charges of $2.8
million. Deferred charges and other assets of $31.3 million at December 31, 2012 were comprised of leasing costs of $28.3 million,
before accumulated amortization of $(15.8) million, net deferred financing costs of $7.0 million, and other net charges of $11.7
million.
The estimated fair value of the Unconsolidated Joint Ventures’ mortgage notes payable was $1.5 billion at December 31, 2013
and 2012. The methodology for determining this fair value is consistent with that used for determining the fair value of consolidated
notes payable (Note 17).
Depreciation expense on properties for 2013, 2012, and 2011 was $35.6 million, $31.1 million, and $30.3 million, respectively.
F-23
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Note 6 - Accounts and Notes Receivable
Accounts and notes receivable at December 31, 2013 and December 31, 2012 are summarized as follows:
Trade
Notes
Straight-line rent and recoveries
Less: Allowance for doubtful accounts
2013
2012
32,162
$
9,407
33,558
75,127
(1,934)
73,193
$
$
33,351
9,512
29,594
72,457
(3,424)
69,033
$
$
$
Notes receivable as of December 31, 2013 included a $7.4 million note related to the February 2013 sale of peripheral land,
which resulted in a $0.9 million gain. In January 2014, the $7.4 million note was repaid in full. The balance of notes receivable
at December 31, 2012 included $8.5 million related to the sale of Taubman TCBL's assets (Note 2) which was repaid in 2013.
Note 7 - Deferred Charges and Other Assets
Deferred charges and other assets at December 31, 2013 and December 31, 2012 are summarized as follows:
Leasing costs
Accumulated amortization
In-place leases, net
Deferred financing costs, net
Insurance deposit (Note 17)
Deposits
Prepaid expenses
Deferred tax asset, net
TCBL disposition escrow (Note 2)
Investments (Note 17)
Other, net
2013
2012
37,478
(18,380)
19,098
$
$
20,275
16,319
12,225
4,320
4,952
3,263
8,934
89,386
$
36,291
(16,472)
19,819
22,751
13,071
11,291
6,295
5,181
3,659
3,550
2,452
6,913
94,982
$
$
$
F-24
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Note 8 - Notes Payable
Notes payable at December 31, 2013 and December 31, 2012 consist of the following:
2013
2012
Stated Interest Rate
(1) (2)
$
310,468
280,000
84,560 (3)
280,000
5.28%
5.24%
4.37%
(2)
250,000 (4)
LIBOR + 1.75%
Maturity
Date
06/08/16
08/01/23
Balance
Due on
Maturity
280,000
68,575
Facility
Amount
Beverly Center
Cherry Creek Shopping Center
$
City Creek Center
Dolphin Mall
El Paseo Village
Fairlane Town Center
The Gardens on El Paseo
Great Lakes Crossing Outlets
221,541
Great Lakes Crossing Outlets
The Mall at Green Hills
The Mall at Green Hills
International Plaza
MacArthur Center
Northlake Mall
The Mall at Partridge Creek
The Mall at Short Hills
Stony Point Fashion Park
Twelve Oaks Mall
16,322 (5)
(2)
84,197 (6)
150,000 (8)
325,000 (9)
129,205
215,500
79,162
540,000
99,526
16,698 (5)
60,000 (4)
85,336 (6)
126,036
108,284 (8)
325,000
130,567
215,500
80,222
540,000
101,644
(2)
85,000 (4)
LIBOR + 1.75%
The Mall at Wellington Green
200,000
$65M Revolving Credit Facility
$1.1B Revolving Credit Facility
$475M Unsecured Term Loan
33,040
125,000 (2) (4)
475,000 (1) (2)
200,000
37,275
5.44%
LIBOR + 1.40%
LIBOR + 1.45% (4)
LIBOR + 1.35% (1)
$ 3,058,053
$ 2,952,030
4.42%
12/06/15
15,565
LIBOR + 1.75%
6.10%
3.60%
5.25%
06/11/16
01/06/23
81,480
177,038
LIBOR+1.60%
12/01/18
(7)
150,000
6.89%
4.85%
LIBOR + 2.35%
(10)
5.41%
6.15%
5.47%
6.24%
12/01/21
09/01/20
02/06/16
07/06/20
12/14/15
06/01/14
05/06/15
04/30/14
03/29/17
02/28/19
(11)
(4)
285,503
117,234
215,500
70,433
540,000
98,585
200,000
33,040
125,000
475,000
65,000 (12)
1,100,000 (4)
(1) TRG is the borrower under the $475 million unsecured term loan with an accordion feature to increase the borrowing capacity up to $600 million. The
loan bears interest at a range of LIBOR plus 1.35% to LIBOR plus 1.90% based on the Company's total leverage ratio. From January 2, 2014 until
maturity, the LIBOR rate is swapped to a fixed rate of 1.65% (Note 10). Proceeds from the unsecured loan were utilized to pay off the mortgage payable
on Beverly Center in November 2013.
(2) The entities that own Beverly Center, Dolphin Mall, Fairlane Town Center, Twelve Oaks Mall, and The Shops at Willow Bend are guarantors under
the $475 million unsecured term loan and the $1.1 billion unsecured revolving credit facility.
(3) The Operating Partnership has provided a limited guarantee of the repayment of the City Creek loan, which could be triggered only upon a decline in
center occupancy to a level that the Company believes is remote.
(4) TRG is the borrower under the $1.1 billion unsecured revolving credit facility with an accordion feature to increase the borrowing capacity to $1.5
billion. The facility bears interest at a range of LIBOR plus 1.45% to LIBOR plus 1.85% with a facility fee ranging from 0.20% to 0.35% based on
the Company's total leverage ratio. The unused borrowing capacity at December 31, 2013 was $975.0 million. The facility has a one-year extension
option. Prior the refinancing of the Company's revolving credit facility in 2013, Dolphin Mall, Fairlane Town Center, and Twelve Oaks Mall were the
borrowers and the collateral for the Company's $650 million revolving credit facility.
(5) Balance includes purchase accounting adjustment of $0.2 million premium in 2013 and 2012, for an above market interest rate upon acquisition of the
center in December 2011 (Note 2).
(6) Balance includes purchase accounting adjustment of $2.7 million and $3.9 million premium in 2013 and 2012, respectively, for an above market interest
rate upon acquisition of the center in December 2011 (Note 2).
(7) Has a one-year extension option.
(8) Balance includes purchase accounting adjustment of $2.0 million premium for an above market interest rate upon acquisition of the center in December
2011 (Note 2).
In January 2014, the Company sold a total of 49.9% of its interests in the entity that owns International Plaza (Note 21).
(9)
(10) Stated interest rate is swapped to an effective rate of 4.99% until maturity (Note 10).
(11) In January 2014, the Company paid off the mortgage note payable on Stony Point Fashion Park (Note 21).
(12) The unused borrowing capacity at December 31, 2013 was $26.5 million.
Notes payable are collateralized by properties with a net book value of $1.7 billion at December 31, 2013.
F-25
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The following table presents scheduled principal payments on notes payable as of December 31, 2013:
2014
2015
2016
2017
2018
Thereafter
Total principal maturities
Net unamortized debt premiums
Total notes payable
$
$
$
141,090 (1)
769,399
591,140
139,901 (2)
165,635 (3)
1,248,011
3,055,176
2,877
3,058,053
(1)
(2)
(3)
Includes $99.5 million that was repaid in January 2014 (Note 21).
Includes $125.0 million with one-year extension option.
Includes $150.0 million with one-year extension option.
2014 Maturities
The $99.5 million loan on Stony Point Fashion Park (Stony Point) was scheduled to mature in June 2014. In January 2014, the
Company paid off the loan using funds from the sale of a total of 49.9% of its interests in the entity that owns International Plaza
(Note 21).
The $65.0 million revolving credit facility is scheduled to mature in April 2014. The Company intends to extend the line of
credit through 2016 upon maturity.
Debt Covenants and Guarantees
Certain loan agreements contain various restrictive covenants, including the following corporate covenants on the Company’s
unsecured primary revolving line of credit and unsecured term loan: a minimum net worth requirement, a maximum total leverage
ratio, a maximum secured leverage ratio, a minimum fixed charge coverage ratio, a maximum recourse secured debt ratio and a
maximum payout ratio. In addition, the Company’s primary revolving line of credit and term loan have unencumbered pool
covenants, which currently apply to Beverly Center, Dolphin Mall, Fairlane Town Center, Twelve Oaks Mall and The Shops at
Willow Bend on a combined basis. These covenants include a minimum number and minimum value of eligible unencumbered
assets, a maximum unencumbered leverage ratio, a minimum unencumbered interest coverage ratio and a minimum unencumbered
asset occupancy ratio. The corporate maximum secured leverage ratio is the most restrictive covenant for the Company’s primary
revolving line of credit and term loan. The Company was in compliance with all of its covenants and loan obligations as of
December 31, 2013. The maximum payout ratio covenant limits the payment of distributions generally to 95% of funds from
operations, as defined in the loan agreements, except as required to maintain the Company’s tax status, pay preferred distributions,
and for distributions related to the sale of certain assets.
In connection with the financing of the construction facility at The Mall at University Town Center, owned by a Unconsolidated
Joint Venture, the Operating Partnership provided an unconditional guarantee of 25% of the principal balance and 50% of all
accrued but unpaid interest. The maximum amount of the construction facility is $225 million. The outstanding balance of the
Mall at University Town Center construction financing facility as of December 31, 2013 was $71.4 million. Accrued but unpaid
interest as of December 31, 2013 was $0.1 million. The construction facility is interest only during the initial three-year term at
LIBOR plus 1.70%, which decreases to LIBOR plus 1.60% upon achieving certain performance measures. The loan has four one-
year extension options. During each extension period, debt service payments also include principal payments based on an assumed
interest rate of 6.0% and a 30-year amortization period. The principal guaranty may be reduced to 12.5% of the outstanding
principal balance upon achievement of certain performance measures. Upon stabilization, the unconditional guaranty may be
released. In addition, the Operating Partnership has provided a limited guarantee as to the completion of construction of the center.
The center is expected to open in October 2014 and the Company believes the likelihood of a payment under the guarantees to be
remote.
F-26
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The Company is required to escrow cash balances for specific uses stipulated by its lenders. As of December 31, 2013 and
December 31, 2012, the Company's restricted cash balances were $5.0 million and $6.1 million, respectively.
Beneficial Interest in Debt and Interest Expense
The Operating Partnership's beneficial interest in the debt, capitalized interest, and interest expense of its consolidated subsidiaries
and its Unconsolidated Joint Ventures is summarized in the following table. The Operating Partnership's beneficial interest in the
consolidated subsidiaries excludes debt and interest related to the noncontrolling interests in Cherry Creek Shopping Center (50%),
International Plaza (49.9%) through acquisition of additional interest in December 2012 (Note 2), The Mall at Wellington Green
(10%), and MacArthur Center (5%).
Debt as of:
December 31, 2013
December 31, 2012
Capitalized interest:
Year Ended December 31, 2013
Year Ended December 31, 2012
Interest expense:
Year Ended December 31, 2013
Year Ended December 31, 2012
At 100%
At Beneficial Interest
Consolidated
Subsidiaries
Unconsolidated
Joint Ventures
Consolidated
Subsidiaries
Unconsolidated
Joint Ventures
$ 3,058,053
$
1,551,161
$ 2,891,592
$
2,952,030
1,490,857
2,785,501
868,942
841,363
$
16,385
3,594
(1)
(1)
$
$
587
67
15,839
3,487
$
320
33
$
130,023
$
142,616
68,998
68,760
$
121,353
$
126,031
37,554
35,862
(1) The Company capitalizes interest costs incurred in funding its equity contributions to development projects accounted for as UJVs. The capitalized
interest cost is included in the Company's basis in its investment in UJVs. Such capitalized interest reduces interest expense in the Company's Consolidated
Statement of Operations and Comprehensive Income and in the table above is included within Consolidated Subsidiaries.
F-27
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Note 9 - Noncontrolling Interests
Redeemable Noncontrolling Interests
The Company's president of Taubman Asia (the Asia President) has an ownership interest in Taubman Asia, a consolidated
subsidiary. The Asia President is entitled to 10% of Taubman Asia's dividends, with 85% of his dividends being withheld as
contributions to capital. These withholdings will continue until he contributes and maintains his capital consistent with a 10%
ownership interest, including all capital funded by the Operating Partnership for Taubman Asia's operating and investment activities
subsequent to the Asia President obtaining his ownership interest. The Operating Partnership will have a preferred investment in
Taubman Asia to the extent the Asia President has not yet contributed capital commensurate with his ownership interest. This
preferred investment will accrue an annual preferential return equal to the Operating Partnership's average borrowing rate (with
the preferred investment and accrued return together being referred to herein as the preferred interest). Taubman Asia has the
ability to call, and the Asia President has the ability to put, the Asia President’s ownership interest upon specified terminations of
the Asia President’s employment, although such put or call right may not be exercised for specified time periods after certain
termination events. The redemption price for the ownership interest is generally a nominal amount through 2013 and subsequently
50% (increasing to 100% as early as May 2015) of the fair value of the ownership interest less the amount required to return the
Operating Partnership's preferred interest. The Company has determined that the Asia President's ownership interest in Taubman
Asia qualifies as an equity award, considering its specific redemption provisions, and accounts for it as a contingently redeemable
noncontrolling interest, with a carrying value of zero at December 31, 2013 and December 31, 2012. Any adjustments to the
redemption value are recorded through equity.
The Company owns a 93.5% controlling interest in a joint venture that is redeveloping International Market Place in Waikiki,
Honolulu, Hawaii. The 6.5% joint venture partner has no obligation nor the right to contribute capital. The Company is entitled
to a preferential return on its capital contributions. The Company has the right to purchase the joint venture partner's interest and
the joint venture partner has the right to require the Company to purchase the joint venture partner's interest after the third anniversary
of the opening of the center, and annually thereafter. The purchase price of the joint venture partner's interest will be based on fair
value. Considering the redemption provisions, the Company accounts for the joint venture partner's interest as a contingently
redeemable noncontrolling interest with a carrying value of zero at December 31, 2013. Any adjustments to the redemption value
are recorded through equity.
In December 2011, Taubman Asia acquired a 90% controlling interest in TCBL. As part of the purchase price consideration,
$11.9 million of capital in the newly formed company was credited by Taubman Asia to the noncontrolling owners, who owned
a 10% residual interests. The noncontrolling ownership interest could be put back to the Company at various dates. Considering
the redemption provisions, the Company accounted for the joint venture partner's interest as a contingently redeemable
noncontrolling interest. The carrying value of the interest was $10.4 million at December 31, 2011. In November 2012, upon the
sale of Taubman TCBL's assets (Note 2), the non-controlling owners relinquished the capital that was credited in connection with
the acquisition.
In July 2010, the Company formed a joint venture that focused on developing and owning outlet shopping centers. The Company
owned a 90% controlling interest, while the joint venture partner owned a 10% interest. The Company had been funding substantially
all of the outlet business. In September 2013, the Company redeemed this partner's interest for $1.1 million as part of a negotiated
transaction, an amount modestly less than the partner's previously contributed capital. The joint venture partner's interest was
previously accounted for as a redeemable noncontrolling interest with a carrying value of zero. The redemption of this interest in
a consolidated subsidiary was accounted for as an equity transaction.
F-28
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Partnership Units Issued in Connection with 2011 Acquisition
In December 2011, the Company acquired The Mall at Green Hills and The Gardens on El Paseo and El Paseo Village from
affiliates of Davis Street Properties, LLC (Note 2). The purchase price consideration included 1.3 million Operating Partnership
units determined based on a value of $55 per unit. These partnership units became eligible to be converted into the Company's
common shares in December 2012 pursuant to the Continuing Offer (Note 15). Prior to that date, the holders had the ability to put
the units back to the Operating Partnership for cash at the lesser of the current market price of the Company's common shares or
$55 per share. Considering the redemption provisions, the Company accounted for these Operating Partnership units as a redeemable
noncontrolling interest through December 2012 when they became subject to the Continuing Offer. The carrying value of these
units was $72.7 million at December 31, 2011, which was classified within Redeemable Noncontrolling Interests on the
Consolidated Balance Sheet. Adjustments to the redemption value were recorded through equity. In December 2012, upon the
expiration of the redemption right of these redeemable noncontrolling interests, the carrying value of these units were classified
within Noncontrolling Interests on the Consolidated Balance Sheet. As of December 31, 2013, of the 1.3 million Operating
Partnership units originally issued as consideration, approximately 1.0 million units were tendered under the Continuing Offer.
Reconciliation of Redeemable Noncontrolling Interests
Balance January 1
Contributions
Distributions
Allocation of net income (loss)
Allocation of other comprehensive income (loss)
Capital relinquished in connection with TCBL disposition (Note 2)
Transfer to nonredeemable equity
Adjustments of redeemable noncontrolling interests
Balance December 31
2012
84,235
231
(2,456)
(976)
(49)
(8,855)
(72,035)
(95)
—
$
$
There was no significant activity regarding redeemable noncontrolling interests during the year ended December 31, 2013.
Equity Balances of Nonredeemable Noncontrolling Interests
The net equity balance of the nonredeemable noncontrolling interests as of December 31, 2013 and December 31, 2012 includes
the following:
Non-redeemable noncontrolling interests:
Noncontrolling interests in consolidated joint ventures
Noncontrolling interests in partnership equity of TRG
2013
2012
$
$
(37,191) $
(58,342)
(95,533) $
(45,066)
(44,242)
(89,308)
F-29
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Income Allocable to Noncontrolling Interests
Net income attributable to the noncontrolling interests for the years ended December 31, 2013, 2012, and 2011 includes the
following:
Net income (loss) attributable to noncontrolling interests:
Non-redeemable noncontrolling interests:
Noncontrolling share of income of consolidated joint ventures
Noncontrolling share of income of TRG
TRG Series F preferred distributions
Redeemable noncontrolling interests
Equity Transactions
2013
2012
2011
$
$
$
10,344
46,434
56,778
56,778
$
$
$
14,867
37,752
52,619
(976)
51,643
$
$
$
15,477
80,161
(372)
95,266
(739)
94,527
The following schedule presents the effects of changes in Taubman Centers, Inc.’s ownership interest in consolidated subsidiaries
on Taubman Centers, Inc.’s equity for the years ended December 31, 2013, 2012, and 2011:
Net income attributable to Taubman Centers, Inc. common shareowners
Transfers (to) from the noncontrolling interest –
Increase (Decrease) in Taubman Centers, Inc.’s paid-in capital for the
adjustments of noncontrolling interest (1)
Decrease in Taubman Centers, Inc.’s paid-in capital related to the
acquisition of additional ownership interest in International Plaza (Note 2)
Decrease in Taubman Centers, Inc.’s paid-in capital related to the
acquisition of additional ownership interest in the outlet joint venture
Net transfers (to) from noncontrolling interests
Change from net income attributable to Taubman Centers, Inc. and transfers (to)
from noncontrolling interests
2013
$ 109,908
2012
$
83,511
2011
$ 176,701
15,129
14,903
(40,561)
(339,170)
(1,050)
14,079
(324,267)
(40,561)
$ 123,987
$ (240,756) $ 136,140
(1)
In 2013, 2012, and 2011, adjustments of the noncontrolling interest were made as a result of changes in the Company's ownership of the Operating
Partnership in connection with the Company's share-based compensation under employee and director benefit plans (Note 13), issuances of stock
pursuant to the continuing offer (Note 15), issuances of common stock in 2012 and 2011 (Note 14), the acquisition of additional ownership interest in
International Plaza in 2012, redemption of the outlet joint venture partner's interest in 2013, 2013 stock repurchases (Note 14), issuances of Operating
Partnership units in connection with the acquisition of centers (Note 2), and redemptions of certain redeemable Operating Partnership Units.
Finite Life Entities
Accounting Standards Codification Topic 480, “Distinguishing Liabilities from Equity” establishes standards for classifying
and measuring as liabilities certain financial instruments that embody obligations of the issuer and have characteristics of both
liabilities and equity. At December 31, 2013, the Company held a controlling interest in a consolidated entity with a specified
termination date in 2083. The noncontrolling owners’ interest in this entity is to be settled upon termination by distribution or
transfer of either cash or specific assets of the underlying entity. The estimated fair value of this noncontrolling interest was
approximately $400 million at December 31, 2013, compared to a book value of $(42.2) million that is classified in Noncontrolling
Interests in the Company’s Consolidated Balance Sheet. The fair value of the noncontrolling interest was calculated as the
noncontrolling interest's ownership shares of the underlying property's fair value. The property's fair value was estimated by
considering its in-place net operating income, current market capitalization rate, and mortgage debt outstanding.
F-30
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Note 10 - Derivative and Hedging Activities
Risk Management Objective and Strategies for Using Derivatives
The Company uses derivative instruments, such as interest rate swaps and interest rate caps, primarily to manage exposure to
interest rate risks inherent in variable rate debt and refinancings. The Company may also enter into forward starting swaps or
treasury lock agreements to set the effective interest rate on a planned fixed-rate financing. The Company’s interest rate swaps
involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over
the life of the agreements without exchange of the underlying notional amount. Interest rate caps involve the receipt of variable-
rate amounts from a counterparty if interest rates rise above the strike rate on the contract in exchange for an up-front premium.
In a forward starting swap or treasury lock agreement that the Company cash settles in anticipation of a fixed rate financing or
refinancing, the Company will receive or pay an amount equal to the present value of future cash flow payments based on the
difference between the contract rate and market rate on the settlement date.
The Company does not use derivatives for trading or speculative purposes and currently does not have any derivatives that are
not designated as hedging instruments under the accounting requirements for derivatives and hedging.
As of December 31, 2013, the Company had the following outstanding interest rate derivatives that were designated and are
expected to be effective as cash flow hedges of the interest payments on the associated debt.
Instrument Type
Ownership
Notional
Amount
Swap Rate
Credit
Spread on
Loan
Total
Swapped
Rate on
Loan
Maturity Date
Consolidated Subsidiaries:
Receive variable (LIBOR) /
pay-fixed swap (1)
Receive variable (LIBOR) /
pay-fixed swap (1)
Receive variable (LIBOR) /
pay-fixed swap (1)
Receive variable (LIBOR) /
pay-fixed swap (2)
Unconsolidated Joint
Ventures:
Receive variable (LIBOR) /
pay-fixed swap (3)
Receive variable (LIBOR) /
pay-fixed swap (3)
100% $ 200,000
1.64%
1.35% (1)
2.99% (1)
February 2019
100%
175,000
1.65%
1.35% (1)
3.00% (1)
February 2019
100%
100,000
1.64%
1.35% (1)
2.99% (1)
February 2019
95.0%
129,205
2.64%
2.35%
4.99%
September 2020
50.0%
137,500
2.40%
1.70%
50.0%
137,500
2.40%
1.70%
4.10%
4.10%
April 2018
April 2018
(1) The hedged forecasted transaction for each of these swaps is the first previously unhedged one-month LIBOR-indexed interest payments accrued and
made each month beginning January 2, 2014 on a debt principal amount equal to the swap notional, regardless of the specific debt agreement from
which they may flow. The Company is currently using these swaps to manage interest rate risk on the $475 million TRG Term Loan. The credit spread
on this loan can also vary within a range of 1.35% to 1.90%, depending on the Company's leverage ratio at the measurement date.
(2) The notional amount of the swap is equal to the outstanding principal balance of the loan on MacArthur Center.
(3) The notional amount on each of these swaps is equal to 50% of the outstanding principal balance of the loan on Fair Oaks Mall, which begins amortizing
in August 2014.
F-31
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Cash Flow Hedges of Interest Rate Risk
For derivative instruments that are designated and qualify as a cash flow hedge, the effective portion of the unrealized gain or
loss on the derivative is reported as a component of Other Comprehensive Income (OCI). The ineffective portion of the change
in fair value, if any, is recognized directly in earnings. Net realized gains or losses resulting from derivatives that were settled in
conjunction with planned fixed-rate financings or refinancings continue to be included in Accumulated Other Comprehensive
Income (Loss) (AOCI) during the term of the hedged debt transaction.
Amounts reported in AOCI related to currently outstanding derivatives are recognized as an adjustment to income as interest
payments are made on the Company’s variable-rate debt. Realized gains or losses on settled derivative instruments included in
AOCI are recognized as an adjustment to income over the term of the hedged debt transaction.
The Company expects that approximately $13.0 million of the AOCI of Taubman Centers, Inc. and the noncontrolling interests
will be reclassified from AOCI and recognized as a reduction of income in the following 12 months.
The following tables present the effect of derivative instruments on the Company’s Consolidated Statement of Operations and
Comprehensive Income for the years ended December 31, 2013, 2012, and 2011. The tables include the location and amount of
unrealized gains and losses on outstanding derivative instruments in cash flow hedging relationships and the location and amount
of realized losses reclassified from AOCI into income resulting from settled derivative instruments associated with hedged debt.
During the years ended December 31, 2013, 2012, and 2011 the Company did not have any hedge ineffectiveness or amounts
that were excluded from the assessment of hedge effectiveness recorded in earnings.
Amount of Gain or (Loss)
Recognized in OCI on
Derivative (Effective Portion)
2013
2012
2011
Location of Gain or
(Loss) Reclassified from
AOCI into Income
(Effective Portion)
Amount of Gain or (Loss)
Reclassified from AOCI into
Income (Effective Portion)
2013
2012
2011
$ 9,990
$ (2,821) $(13,609)
Interest Expense
$ (3,221) $ (3,190) $ (3,488)
5,083
(1,976)
(7,081) Equity in Income of UJVs
(3,080)
(3,600)
(2,788)
$ 15,073
$ (4,797) $(20,690)
$ (6,301) $ (6,790) $ (6,276)
Interest Expense
$
(605) $
(605) $
(839)
Equity in Income of UJVs
(188)
(376)
$
(605) $
(793) $ (1,215)
Derivatives in cash flow
hedging relationships:
Interest rate contracts –
consolidated subsidiaries
Interest rate contracts –
UJVs
Total derivatives in
cash flow hedging
relationships
Realized losses on settled
cash flow hedges:
Interest rate contracts –
consolidated subsidiaries
Interest rate contract –
UJVs
Total realized losses on
settled cash flow
hedges
F-32
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The Company records all derivative instruments at fair value in the Consolidated Balance Sheet. The following table presents
the location and fair value of the Company’s derivative financial instruments as reported in the Consolidated Balance Sheet as of
December 31, 2013 and 2012.
Consolidated Balance Sheet Location
Fair Value
December 31
2013
December 31
2012
Derivatives designated as hedging instruments:
Asset derivatives:
Interest rate contracts – consolidated
subsidiaries
Liability derivatives:
Interest rate contract – consolidated
subsidiaries
Deferred Charges and Other Assets
Accounts Payable and Accrued Liabilities
Interest rate contracts – UJVs
Investment in UJVs
Total liabilities designated as hedging
instruments
Contingent Features
$
$
$
1,543
(3,418) $
(5,938)
(11,865)
(11,021)
(9,356) $
(22,886)
Three of the Company's outstanding derivatives contain provisions that state if the hedged entity defaults on any of its indebtedness
in excess of $1 million, then the derivative obligation could also be declared in default. Three of the Company’s outstanding
derivatives contain provisions that state if the Operating Partnership defaults on any of its recourse indebtedness in excess of $50
million, then the derivative obligation could also be declared in default. As of December 31, 2013, the Company is not in default
on any indebtedness that would trigger a credit risk related default on its current outstanding derivatives.
As of December 31, 2013 and 2012, the fair value of derivative instruments with credit-risk-related contingent features that are
in a liability position was $9.4 million and $22.9 million, respectively. As of December 31, 2013 and 2012, the Company was not
required to post any collateral related to these agreements. If the Company breached any of these provisions it would be required
to settle its obligations under the agreements at their fair value. See Note 17 for fair value information on derivatives.
F-33
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Note 11 - Leases
Shopping center space is leased to tenants and certain anchors pursuant to lease agreements. Tenant leases typically provide for
minimum rent, percentage rent, and other charges to cover certain operating costs. Future minimum rent under operating leases
in effect at December 31, 2013 for operating centers assuming no new or renegotiated leases or option extensions on anchor
agreements, is summarized as follows:
2014
2015
2016
2017
2018
Thereafter
$
393,115
356,935
321,521
281,729
241,121
735,323
Certain shopping centers, as lessees, have ground and building leases expiring at various dates through the year 2107. In addition,
one center has the option to extend the lease term for five 10-year periods, another center has an option to extend the term for
three 10-year periods, and another center has the option to extend the lease term for one additional 10-year period. Ground rent
expense is recognized on a straight-line basis over the lease terms.
The Company also leases its office facilities and certain equipment. Office facility and equipment leases expire at various dates
through the year 2018. Additionally, one of the leases has a 1-year extension option and one lease has a 5-year extension option.
The Company’s U.S. headquarters is rented from an affiliate of the Taubman family under a 10-year lease, with a 5-year extension
option.
Rental expense on a straight-line basis under operating leases was $13.4 million in 2013, $12.0 million in 2012, and $9.8 million
in 2011. Included in these amounts are related party office rental expense of $2.5 million in 2013 and $2.2 million in both 2012
and 2011. Contingent rent expense under operating leases was $1.4 million in 2013 and $0.9 million in 2012. Payables representing
straight-line rent adjustments under lease agreements were $41.2 million and $40.0 million as of December 31, 2013 and 2012,
respectively.
The following is a schedule of future minimum rental payments required under operating leases:
2014
2015
2016
2017
2018
Thereafter
$
12,772
9,540
11,446
12,224
12,243
814,768
The table above includes $2.8 million in 2014 and $0.7 million in 2015 of related party amounts.
City Creek Center, a mixed-use project in Salt Lake City, Utah, opened in March 2012. The Company owns the retail space
subject to a long-term participating lease. City Creek Reserve, Inc. (CCRI), an affiliate of the LDS Church is the participating
lessor. The Company owns 100% of the leasehold interest in the retail buildings and property. CCRI has an option to purchase the
Company’s interest at fair value at various points in time over the term of the lease. In addition to the minimum rent included in
the table above, the Company pays contingent rent based on the performance of the center.
International Market Place, a regional mall redevelopment project located in Waikiki, Honolulu, Hawaii, is expected to open in
spring 2016. The project is subject to a long-term participating ground lease. In addition to minimum rent included in the table
above, the Company will pay contingent rent based on the performance of the center.
F-34
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Note 12 - The Manager
The Taubman Company LLC (the Manager), which is 99% beneficially owned by the Operating Partnership, provides property
management, leasing, development, and other administrative services to the Company, the shopping centers, Taubman affiliates,
and other third parties. Accounts receivable from related parties include amounts due from Unconsolidated Joint Ventures or other
affiliates of the Company, primarily relating to services performed by the Manager. These receivables include certain amounts
due to the Manager related to reimbursement of third party (non-affiliated) costs.
A. Alfred Taubman and certain of his affiliates receive various management services from the Manager. For such services, Mr.
Taubman and affiliates paid the Manager approximately $3.1 million, $3.2 million, and $2.3 million in 2013, 2012, and 2011,
respectively. These amounts are classified in Management, Leasing, and Development Services revenues within the Consolidated
Statement of Operations and Comprehensive Income.
Other related party transactions are described in Notes 11, 13, and 15.
Note 13 - Share-Based Compensation and Other Employee Plans
The Taubman Company 2008 Omnibus Long-Term Incentive Plan (2008 Omnibus Plan), as amended, which is shareowner
approved, provides for the award to directors, officers, employees, and other service providers of the Company of restricted shares,
restricted units of limited partnership in the Operating Partnership, options to purchase shares or Operating Partnership units,
unrestricted shares or Operating Partnership units, and other awards to acquire up to an aggregate of 8.5 million Company common
shares or Operating Partnership units. In addition, non-employee directors have the option to defer their compensation, other than
their meeting fees, under a deferred compensation plan.
Non-option awards granted after an amendment of the 2008 Omnibus Plan in 2010 are deducted at a ratio of 1.85 Company
common shares or Operating Partnership units, while non-option awards granted prior to the amendment continue to be deducted
at a ratio of 2.85. Options are deducted on a one-for-one basis. The amount available for future grants is adjusted when the number
of contingently issuable shares or units are settled, for grants that are forfeited, and for options that expire without being exercised.
Prior to the adoption of the 2008 Omnibus Plan, the Company provided share-based compensation through an incentive option
plan and non-employee directors' stock grant and deferred compensation plans.
The compensation cost charged to income for the Company’s share-based compensation plans was $12.9 million, $11.9 million,
and $9.0 million for the years ended December 31, 2013, 2012, and 2011, respectively. Compensation cost capitalized as part of
properties and deferred leasing costs was $1.6 million, $1.1 million, and $0.3 million for the years ended December 31, 2013,
2012, and 2011, respectively.
The Company estimated the grant-date fair values of options, performance share units, and restricted share units using the
methods discussed in the separate sections below for each type of grant. Expected volatility and dividend yields are based on
historical volatility and yields of the Company’s common stock, respectively, as well as other factors. The risk-free interest rates
used are based on the U.S. Treasury yield curves in effect at the times of grants. The Company assumes no forfeitures of options
or performance share units due to the small number of participants and generally low turnover rate.
F-35
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Options
Options are granted to purchase units of limited partnership interest in the Operating Partnership, which are exchangeable for
new shares of the Company’s stock under the Continuing Offer (Note 15). The options have ten-year contractual terms.
A summary of option activity for the years ended December 31, 2013, 2012, and 2011 is presented below:
Number of
Options
Weighted Average
Exercise Price
Outstanding at January 1, 2011
Exercised
Outstanding at December 31, 2011
Exercised
Outstanding at December 31, 2012
Exercised
Outstanding at December 31, 2013
1,452,781
$
(130,791)
1,321,990
$
(632,188)
689,802
$
(126,366)
563,436
$
Fully vested options at December 31, 2013
563,436
$
37.00
35.66
37.13
31.28
42.50
36.67
43.81
43.81
Weighted Average
Remaining
Contractual Term
(in years)
Range of Exercise
Prices
5.7
$ 13.83 - $ 55.90
4.8
$ 13.83 - $ 55.90
3.8
$ 24.74 - $ 55.90
2.6
$ 31.31 - $ 55.90
2.6
As of December 31, 2013 and 2012, all options outstanding were fully vested and there was no unrecognized compensation
cost related to options.
Of the 0.6 million total options outstanding, 0.5 million had vesting schedules with one-third vesting at each of the first, second,
and third years of the grant anniversary. Substantially all of the other options outstanding had vesting schedules with one-third
vesting at each of the third, fifth, and seventh years of the grant anniversary.
The aggregate intrinsic value (the difference between the period end stock price and the option exercise price) of in-the-money
options outstanding was $11.3 million as of December 31, 2013.
The total intrinsic value of options exercised during the years ended December 31, 2013, 2012, and 2011 was $4.8 million,
$28.7 million, and $3.3 million, respectively. Cash received from option exercises for the years ended December 31, 2013, 2012,
and 2011 was $4.6 million, $19.8 million, and $4.7 million, respectively.
Under both the prior option plan and the 2008 Omnibus Plan, vested unit options can be exercised by tendering mature units
with a market value equal to the exercise price of the unit options. In 2002, Robert S. Taubman, the Company’s chief executive
officer, exercised options for 3.0 million units by tendering 2.1 million mature units and deferring receipt of 0.9 million units under
the unit option deferral election. As the Operating Partnership pays distributions, the deferred option units receive their proportionate
share of the distributions in the form of cash payments. Under an amendment executed in January 2011, beginning in December
2017 (unless Mr. Taubman retires earlier), the deferred partnership units will be issued in ten annual installments. The deferred
units are accounted for as participating securities of the Operating Partnership.
Performance Share Units
In 2013, 2012, and 2011 the Company granted Performance Share Units (PSU) under the 2008 Omnibus Plan. Each PSU
represents the right to receive, upon vesting, shares of the Company’s common stock ranging from 0-300% of the PSU based on
the Company’s market performance relative to that of a peer group. The vesting date is March 2016, March 2015, and March 2014
for the 2013, 2012, and 2011 grants, respectively, if continuous service has been provided, or upon retirement or certain other
events (such as death or disability) if earlier. No dividends accumulate during the vesting period.
F-36
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The Company estimated the value of the PSU granted in 2013, 2012, and 2011 using a Monte Carlo simulation, considering the
Company’s common stock price at the grant date less the present value of the expected dividends during the vesting period,
historical returns of the Company and the peer group of companies, and risk-free interest rates and measurement periods existing
at the grant dates. Specific assumptions and the valuation results are shown below.
2013
Grant Dates
2012
Risk-free interest rate
Measurement period
Weighted average grant-date fair value
0.30% to 0.40%
0.35% to 0.45%
3 years
$103.37
3 years
$107.45
2011
1.18%
3 years
$85.40
In 2013, the Company also granted additional PSU under the 2008 Omnibus Plan that represent the right to receive, upon vesting,
shares of the Company’s common stock ranging from 0-400% of the PSU based on the Company’s market performance relative
to that of a peer group. The units vest in March 2017, if continuous service has been provided, or upon certain other events (such
as death or disability) if earlier. No dividends accumulate during the vesting period. The Company estimated the value of these
PSU granted using a Monte Carlo simulation, considering the Company’s common stock price at the grant date less the present
value of the expected dividends during the vesting periods, historical returns of the Company and the peer group of companies, a
risk-free interest rate of 0.46% to 0.62%, and a measurement period of approximately four years. The resulting weighted average
grant-date fair value was $171.05 per PSU.
In 2012, the Company also granted additional PSU under the 2008 Omnibus Plan that represent the right to receive, upon vesting,
shares of the Company’s common stock ranging from 0-400% of the PSU based on the Company’s market performance relative
to that of a peer group. The units vest in March 2017, if continuous service has been provided, or upon certain other events (such
as death or disability) if earlier. No dividends accumulate during the vesting period. The Company estimated the value of these
PSU granted using a Monte Carlo simulation, considering the Company’s common stock price at the grant date less the present
value of the expected dividends during the vesting period, historical returns of the Company and the peer group of companies, a
risk-free interest rate of 0.70% to 0.90%, and a measurement period of five years. The resulting weighted average grant-date fair
value was $189.23 per PSU.
A summary of PSU activity for the years ended December 31, 2013, 2012, and 2011 is presented below:
Outstanding at January 1, 2011
Granted
Outstanding at December 31, 2011
Vested
Granted (three-year vesting)
Granted (five-year vesting)
Forfeited
Outstanding at December 31, 2012
Vested
Granted (three-year vesting)
Granted (four-year vesting)
Forfeited
Outstanding at December 31, 2013
Number of
Performance
Stock Units
Weighted Average
Grant Date Fair
Value
272,356
53,795
326,151
(196,943) (1)
50,041
108,224
(24,733)
262,740
(73,259) (1)
42,178
15,444
(12,240)
234,863
$
$
$
$
28.88
85.40
38.20
15.60
107.45
189.23
123.41
122.52
65.29
103.37
171.05
140.49
139.18
(1) Based on the Company's market performance relative to that of a peer group, the actual number of shares of common stock issued upon vesting
during the year ended December 31, 2013 and 2012 equaled 300% and 240%, respectively, of the number of PSU awards vested in the table
above.
F-37
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The total intrinsic value of PSU vested during the years ended December 31, 2013 and 2012 was $16.9 million and $32.8 million,
respectively. No PSU vested during the year ended December 31, 2011.
None of the PSU outstanding at December 31, 2013 were vested. As of December 31, 2013, there was $18.4 million of total
unrecognized compensation cost related to nonvested PSU outstanding. This cost is expected to be recognized over an average
period of 2.76 years.
Restricted Share Units
In 2013, 2012, and 2011, restricted share units (RSU) were issued under the 2008 Omnibus Plan and represent the right to receive
upon vesting one share of the Company’s common stock. The vesting date is March 2016, March 2015, and March 2014 for the
2013, 2012, and 2011 grants, respectively, if continuous service has been provided through that period, or upon retirement or
certain other events if earlier. No dividends accumulate during the vesting period.
The Company estimated the values of the RSU granted in 2013 using the Company’s common stock at the grant dates deducting
the present value of expected dividends during the vesting periods using a risk-free rate of 0.30% to 0.49%. The result of the
Company’s valuations was a weighted average grant-date fair value of $71.67 per RSU granted during 2013. The Company
estimated the value of the RSU granted in 2012 using the Company’s common stock at the grant dates deducting the present value
of expected dividends during the vesting period using a risk-free rate of 0.35% to 0.50%. The result of the Company’s valuations
was a weighted average grant-date fair value of $65.14 per RSU granted during 2012. The Company estimated the value of the
RSU granted in March 2011 and June 2011 using the Company's common stock at the grant date deducting the present value of
expected dividends during the vesting period using risk-free rates of 1.18% and 0.78%, respectively. The result of the Company's
valuation was a weighted average grant-date fair value of $47.98 and $53.65 per RSU granted in March 2011 and June 2011,
respectively.
In 2013, the Company also granted a limited number of additional RSU that represent the right to receive upon vesting one
share of the Company’s common stock. The units have staggered vesting dates from March 2014 to March 2015, if continuous
service has been provided through those periods, or upon retirement or certain other events (such as death or disability) if earlier.
No dividends accumulate during the vesting periods. The Company estimated the value of these additional RSU using the Company's
common stock price at the grant date deducting the present value of expected dividends during the vesting periods using a risk-
free rate of 0.10% to 0.19%. The result of the Company's valuation was a weighted average grant-date fair value of $81.38 per
RSU.
A summary of RSU activity for the years ended December 31, 2013, 2012, and 2011 is presented below:
Outstanding at January 1, 2011
Granted March 2011
Granted June 2011
Forfeited
Vested
Outstanding at December 31, 2011
Granted
Forfeited
Vested
Outstanding at December 31, 2012
Granted (three-year vesting)
Granted (staggered vesting)
Forfeited
Vested
Outstanding at December 31, 2013
Number of
Restricted Stock
Units
Weighted average
Grant Date Fair
Value
$
$
617,884
105,391
1,972
(3,450)
(115,870)
605,927
107,653
(26,665)
(364,610)
322,305
92,103
5,197
(11,678)
(138,028)
269,899
22.72
47.98
53.65
22.19
49.67
22.06
65.14
46.48
9.90
48.19
71.67
81.38
57.60
37.03
62.00
F-38
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Based on an analysis of historical employee turnover, the Company has made an annual forfeiture assumption of approximately
2% of grants when recognizing compensation costs relating to the RSU.
The total intrinsic value of RSU vested during the years ended December 31, 2013, 2012, and 2011 was $10.6 million, $25.2
million, and $6.4 million, respectively.
None of the RSU outstanding at December 31, 2013 were vested. As of December 31, 2013, there was $6.8 million of total
unrecognized compensation cost related to nonvested RSU outstanding. This cost is expected to be recognized over an average
period of 1.73 years.
Non-Employee Directors’ Stock Grant and Deferred Compensation
The 2008 Omnibus Plan provides a quarterly grant to each non-employee director of the Company shares of the Company's
common stock based on the fair value of the Company's common stock on the last business day of the preceding quarter. The
annual fair market value of the grant was $120,000 in 2013 and $70,000 in 2012 and 2011. As of December 31, 2013, 7,712 shares
have been issued under the 2008 Omnibus Plan. Certain directors have elected to defer receipt of their shares as described below.
The Non-Employee Directors’ Deferred Compensation Plan (DCP), which was approved by the Company’s Board of Directors,
allows each non-employee director of the Company the right to defer the receipt of all or a portion of his or her annual director
retainer until the termination of his or her service on the Company’s Board of Directors and for such deferred compensation to be
denominated in restricted stock units. The number of restricted stock units received equals the deferred retainer fee divided by the
fair market value of the common stock on the business day immediately before the date the director would otherwise have been
entitled to receive the retainer fee. The restricted stock units represent the right to receive equivalent shares of common stock at
the end of the deferral period. During the deferral period, when the Company pays cash dividends on its common stock, the
directors’ deferral accounts will be credited with dividend equivalents on their deferred restricted stock units, payable in additional
restricted stock units based on the fair market value of the Company’s common stock on the business day immediately before the
record date of the applicable dividend payment. There were 93,955 restricted stock units outstanding under the DCP at December 31,
2013.
Other Employee Plans
As of December 31, 2013 and 2012, the Company had fully vested awards outstanding for 10,536 and 10,243 notional shares
of stock, respectively, under a previous long-term performance compensation plan. These awards will be settled in cash based on
a twenty day average of the market value of the Company's common stock. The liability for the eventual payout of these awards
is marked to market quarterly based on the twenty day average of the Company's stock price. The Company recorded compensation
costs related to the plan of $0.1 million for the year ended December 31, 2013 and $0.3 million for each of the years ended
December 31, 2012 and 2011. In 2012, $0.7 million was paid out under this plan. No awards under this plan were paid out during
2013 or 2011.
The Company has a voluntary retirement savings plan established in 1983 and amended and restated effective January 1, 2012
(the Plan). The Company believes the Plan is qualified in accordance with Section 401(k) of the Internal Revenue Code (the Code).
The Company contributes an amount equal to 2% of the qualified wages of all qualified employees and matches employee
contributions in excess of 2% up to 7% of qualified wages. In addition, the Company may make discretionary contributions within
the limits prescribed by the Plan and imposed in the Code. The Company’s contributions and costs relating to the Plan were $3.2
million in 2013, $3.0 million in 2012, and $2.9 million in 2011.
F-39
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Note 14 - Common and Preferred Stock and Equity of TRG
Common Stock
In August 2013, the Company’s Board of Directors authorized a share repurchase program under which the Company may
repurchase up to $200 million of its outstanding common stock. The Company plans to repurchase shares from time to time on
the open market or in privately negotiated transactions or otherwise, depending on market prices and other conditions. As of
December 31, 2013, the Company repurchased 786,805 shares of its common stock at an average price of $66.45 per share for a
total of $52.3 million under the authorization. All shares repurchased have been cancelled. For each share of the Company’s stock
repurchased, an equal number of the Company’s Operating Partnership units are redeemed. Repurchases of common stock were
financed through general corporate funds, including borrowings under existing lines of credit.
In August 2012 and June 2011, the Company sold 2,875,000 and 2,012,500 of its common shares, respectively. The proceeds
were used by the Company to acquire an equal number of Operating Partnership units. The Operating Partnership paid all offering
costs. The Operating Partnership used the net proceeds, after offering costs, of $208.9 million and $112.0 million in 2012 and
2011, respectively, to reduce outstanding borrowings under its revolving lines of credit. No common shares were sold in 2013.
Outstanding Preferred Stock
The Company is obligated to issue to the noncontrolling partners of TRG, upon subscription, one share of Series B Non-
Participating Convertible Preferred Stock (Series B Preferred Stock) for each of the Operating Partnership units held by the
noncontrolling partners. Each share of Series B Preferred Stock entitles the holder to one vote on all matters submitted to the
Company's shareowners. The holders of Series B Preferred Stock, voting as a class, have the right to designate up to four nominees
for election as directors of the Company. On all other matters, including the election of directors, the holders of Series B Preferred
Stock will vote with the holders of common stock. The holders of Series B Preferred Stock are not entitled to dividends or earnings
of the Company. The Series B Preferred Stock is convertible into common stock at a ratio of 14,000 shares of Series B Preferred
Stock for one share of common stock. During the years ended December 31, 2013, 2012, and 2011, 176,630 shares,
1,132,359 shares, and 1,092,690 shares of Series B Preferred Stock, respectively, were converted to 10 shares, 65 shares, and
76 shares of the Company’s common stock, respectively, as a result of tenders of units under the Continuing Offer (Note 15).
In March 2013, the Company issued 6,800,000 shares of 6.25% Series K Preferred Stock. Net proceeds from the offering were
$164.4 million, net of offering costs of $5.6 million. The Series K Preferred Stock has no stated maturity, sinking fund, or mandatory
redemption requirements and generally is not convertible into any other security of the Company. The Series K Preferred Stock
has a liquidation preference of $170.0 million ($25 per share). Dividends are cumulative and are paid in arrears on the last day of
each calendar quarter. The Series K Preferred Stock will be redeemable by the Company at par, $25 per share, plus accrued
dividends, generally beginning in March 2018. The Company owns corresponding Series K Preferred Equity interests in the
Operating Partnership that entitle the Company to income and distributions (in the form of guaranteed payments) in amounts equal
to the dividends payable on the Company's Series K Preferred Stock. The Series K Preferred Stock is generally non-voting. The
Company's Series K Preferred Stock ranks on parity with its Series J Preferred Stock with respect to the payment of dividends
and distributions of assets upon liquidation, dissolution or winding up of its affairs.
In September 2012, the Company redeemed the 8% Series G Cumulative Redeemable Preferred Stock (Series G Preferred Stock)
and 7.625% Series H Cumulative Redeemable Preferred Stock (Series H Preferred Stock) at prices per share of $25.35 and
$25.33359375, respectively, which include accrued and unpaid dividends. The Company previously had 4,000,000 shares (par
value $100 million) of its Series G Preferred Stock outstanding and 3,480,000 shares (par value $87 million) of its Series H
Preferred Stock outstanding. As a result of the redemptions in 2012, the Company recognized charges of $3.3 million and $3.1
million, representing the difference between the carrying values and the redemption prices of its Series G Preferred Stock and
Series H Preferred Stock, respectively. These charges are included within Preferred Stock Dividends on the Consolidated Statement
of Operations and Comprehensive Income for the year ended December 31, 2012. The Series G Preferred Stock had no stated
maturity, sinking fund, or mandatory redemption requirements. Dividends were cumulative and payable on the last day of each
calendar quarter. The Series H Preferred Stock had no stated maturity, sinking fund, or mandatory redemption requirements.
Dividends were cumulative and payable in arrears on or before the last day of each calendar quarter.
F-40
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The Series G Preferred Stock and Series H Preferred Stock were redeemed with the net proceeds of $186.2 million from the
issuance of 7,700,000 shares of 6.5% Series J Cumulative Redeemable Preferred Stock (Series J Preferred Stock) in August 2012.
Offering costs of $6.3 million were incurred in connection with this issuance. The Series J Preferred Stock has no stated maturity,
sinking fund, or mandatory redemption requirements and generally is not convertible into any other security of the Company. The
Series J Preferred Stock has a liquidation preference of $192.5 million ($25 per share). Dividends are cumulative and are paid on
the last business day of each calendar quarter. All accrued dividends have been paid. The Series J Preferred Stock will be redeemable
by the Company at par, $25 per share, plus accrued dividends, generally beginning in August 2017. The Company owns
corresponding Series J Preferred Equity interests in the Operating Partnership that entitle the Company to income and distributions
(in the form of guaranteed payments) in amounts equal to the dividends payable on the Company's Series J Preferred Stock. The
Series J Preferred Stock is generally non-voting.
The Operating Partnership’s $30 million 8.2% Cumulative Redeemable Preferred Partnership Equity (Series F Preferred Equity)
was owned by an institutional investor and accounted for as a noncontrolling interest of the Company. In October 2011, the Series
F Preferred Equity was redeemed. The Operating Partnership redeemed the Series F Preferred Equity for $27.0 million, which
represented a $2.2 million discount from the book value. The $2.2 million excess of the book value over the redemption amount
is reflected as a reduction in earnings allocated to the noncontrolling interests in the year ended December 31, 2011. The Series
F Preferred Equity had no stated maturity, sinking fund, or mandatory redemption requirements. Distributions were cumulative
and payable in arrears on or before the last day of each calendar quarter.
Note 15 - Commitments and Contingencies
Cash Tender
At the time of the Company's initial public offering and acquisition of its partnership interest in the Operating Partnership in
1992, the Company entered into an agreement (the Cash Tender Agreement) with A. Alfred Taubman, who owns an interest in the
Operating Partnership, whereby he has the annual right to tender to the Company partnership units in the Operating Partnership
(provided that the aggregate value is at least $50 million) and cause the Company to purchase the tendered interests at a purchase
price based on a market valuation of the Company on the trading date immediately preceding the date of the tender. At A. Alfred
Taubman's election, his family may participate in tenders. The Company will have the option to pay for these interests from
available cash, borrowed funds, or from the proceeds of an offering of the Company's common stock. Generally, the Company
expects to finance these purchases through the sale of new shares of its stock. The tendering partner will bear all market risk if
the market price at closing is less than the purchase price and will bear the costs of sale. Any proceeds of the offering in excess
of the purchase price will be for the sole benefit of the Company. The Company accounts for the Cash Tender Agreement between
the Company and Mr. Taubman as a freestanding written put option. As the option put price is defined by the current market price
of the Company's stock at the time of tender, the fair value of the written option defined by the Cash Tender Agreement is considered
to be zero.
Based on a market value at December 31, 2013 of $63.92 per common share, the aggregate value of interests in the Operating
Partnership that may be tendered under the Cash Tender Agreement was $1.5 billion. The purchase of these interests at December 31,
2013 would have resulted in the Company owning an additional 27% interest in the Operating Partnership.
Continuing Offer
The Company has made a continuing, irrevocable offer to all present holders (other than certain excluded holders, including A.
Alfred Taubman), permitted assignees of all present holders, those future holders of partnership interests in the Operating Partnership
as the Company may, in its sole discretion, agree to include in the continuing offer, all existing optionees under the previous option
plan, and all existing and future optionees under the 2008 Omnibus Plan to exchange shares of common stock for partnership
interests in the Operating Partnership (the Continuing Offer). Under the Continuing Offer agreement, one unit of the Operating
Partnership interest is exchangeable for one share of the Company's common stock. Upon a tender of Operating Partnership units,
the corresponding shares of Series B Preferred Stock, if any, will automatically be converted into the Company’s common stock
at a rate of ratio of 14,000 shares of Series B Preferred Stock for one share of common stock.
F-41
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Litigation
In April 2009, two restaurant owners, their two restaurants, and their principal filed a lawsuit in United States District Court for
the Eastern District of Pennsylvania (Case No. 09-CV-01619) against Atlantic Pier Associates LLC ("APA", the then owner of the
leasehold interest in The Pier Shops), the Operating Partnership, Taubman Centers, Inc., the owners of APA and certain affiliates
of such owners, three individuals affiliated with, or at one time employed by an affiliate of one of the owners, and, subsequently
added the Manager as a defendant. The plaintiffs are alleging the defendants misrepresented and concealed the status of certain
tenant leases at The Pier Shops and that such status was relied upon by the plaintiffs in making decisions about their own leases.
The plaintiffs are seeking damages exceeding $20 million, rescission of their leases, exemplary or punitive damages, costs and
expenses, attorney's fees, return of certain rent, and other relief as the court may determine. The claims against the Operating
Partnership, Taubman Centers, Inc., the Manager, other Taubman defendants, and one of the owners, were dismissed in July 2011,
but, in August 2011, the restaurant owners reinstated the same claims in a state court action that was then removed to the United
States District Court for the Eastern District of Pennsylvania (Case No. 11-CV-05676). The defendants are vigorously defending
the action. The outcome of this lawsuit cannot be predicted with any certainty and management is currently unable to estimate an
amount or range of potential loss that could result if an unfavorable outcome occurs. While management does not believe that an
adverse outcome in this lawsuit would have a material adverse effect on the Company's financial condition, there can be no
assurance that an adverse outcome would not have a material effect on the Company's results of operations for any particular
period.
Other
See Note 8 for the Operating Partnership's guarantees of certain notes payable, Note 9 for contingent features relating to certain
joint venture agreements, Note 10 for contingent features relating to derivative instruments, and Note 13 for obligations under
existing share-based compensation plans.
Note 16 - Earnings Per Share
Basic earnings per share amounts are based on the weighted average of common shares outstanding for the respective periods.
Diluted earnings per share amounts are based on the weighted average of common shares outstanding plus the dilutive effect of
potential common stock. Potential common stock includes outstanding partnership units exchangeable for common shares under
the Continuing Offer (Note 15), outstanding options for partnership units, PSU, RSU, deferred shares under the Non-Employee
Directors’ Deferred Compensation Plan, and unissued partnership units under a unit option deferral election (Note 13). In computing
the potentially dilutive effect of potential common stock, partnership units are assumed to be exchanged for common shares under
the Continuing Offer, increasing the weighted average number of shares outstanding. The potentially dilutive effects of partnership
units outstanding and/or issuable under the unit option deferral elections are calculated using the if-converted method, while the
effects of other potential common stock are calculated using the treasury method. Contingently issuable shares are included in
diluted EPS based on the number of shares, if any, that would be issuable if the end of the reporting period were the end of the
contingency period.
Net income attributable to Taubman Centers, Inc. common
shareowners (Numerator):
Income from continuing operations
Income from discontinued operations
Basic
Shares (Denominator) – basic
Earnings per common share from continuing operations
Income from discontinued operations
Earnings per common share – basic
Year Ended December 31
2013
2012
2011
$
$
$
$
109,908
109,908
$
$
83,511
83,511
$
$
75,011
101,690
176,701
63,591,523
59,884,455
56,899,966
1.73
1.73
$
$
1.39
1.39
$
$
1.32
1.79
3.11
F-42
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Net income attributable to Taubman Centers, Inc. common
shareowners (Numerator):
Income from continuing operations - basic
Impact of additional ownership of TRG on income from
continuing operations
Income from continuing operations - diluted
Income from discontinued operations - basic
Impact of additional ownership of TRG on income from
discontinued operations
Year Ended December 31
2013
2012
2011
$
$
109,908
$
83,511
$
75,011
497
672
625
110,405
$
84,183
$
75,636
101,690
296
Diluted
$
110,405
$
84,183
$
177,622
Shares – basic
Effect of dilutive securities
Shares (Denominator) – diluted
63,591,523
59,884,455
56,899,966
983,889
1,491,989
1,629,123
64,575,412
61,376,444
58,529,089
Earnings per common share from continuing operations
Income from discontinued operations
Earnings per common share – diluted
$
$
1.71
1.71
$
$
1.37
1.37
$
$
1.29
1.74
3.03
The calculation of diluted earnings per share excluded certain potential common stock including outstanding partnership units,
unissued partnership units under a unit option deferral election, and out-of-the-money options, all of which may be exchanged for
common shares of the Company under the Continuing Offer. The table below presents the potential common stock excluded from
the calculation of diluted earnings per share as they were anti-dilutive in the period presented.
Weighted average partnership units outstanding
Unissued partnership units under unit option deferral
elections
Out-of-the-money options
Year Ended December 31
2013
2012
2011
4,428,624
5,063,736
7,499.132
871,262
871,262
871,262
60,469
F-43
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Note 17 - Fair Value Disclosures
This note contains required fair value disclosures for assets and liabilities remeasured at fair value on a recurring basis and
financial instruments carried at other than fair value, as well as assumptions employed in deriving these fair values.
Recurring Valuations
Derivative Instruments
The fair value of interest rate hedging instruments is the amount that the Company would receive to sell an asset or pay to
transfer a liability in an orderly transaction between market participants at the reporting date. The Company’s valuations of its
derivative instruments are determined using widely accepted valuation techniques, including discounted cash flow analysis on the
expected cash flows of each derivative, and therefore fall into Level 2 of the fair value hierarchy. The valuations reflect the
contractual terms of the derivatives, including the period to maturity, and use observable market-based inputs, including forward
curves. The fair values of interest rate hedging instruments also incorporate credit valuation adjustments to appropriately reflect
both the Company’s own nonperformance risk and the respective counterparty's nonperformance risk.
Marketable Securities
The Company's valuations of marketable securities, which are considered to be available-for-sale, and an insurance deposit
utilize unadjusted quoted prices determined by active markets for the specific securities the Company has invested in, and therefore
fall into Level 1 of the fair value hierarchy.
For assets and liabilities measured at fair value on a recurring basis, quantitative disclosure of the fair value for each major
category of assets and liabilities is presented below:
Description
Available-for-sale securities
Insurance deposit
Derivative interest rate contracts (Note 10)
Total assets
Fair Value Measurements as of
December 31, 2013 Using
Fair Value Measurements as of
December 31, 2012 Using
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
$
$
12,225
12,225
$
$
$
$
1,543
1,543
2,452
11,291
13,743
Derivative interest rate contract (Note 10)
Total liabilities
$
$
(3,418)
(3,418)
$
$
(11,865)
(11,865)
The insurance deposit shown above represents an escrow account maintained in connection with a property and casualty insurance
arrangement for the Company’s shopping centers, and is classified within Deferred Charges and Other Assets on the Consolidated
Balance Sheet. The corresponding deferred revenue relating to amounts billed to tenants for this arrangement has been classified
within Accounts Payable and Other Liabilities on the Consolidated Balance Sheet.
The available-for-sale securities shown above consisted of marketable securities that represent shares in a Vanguard REIT fund
that were purchased to facilitate a tax efficient structure for the 2005 disposition of Woodland mall and were classified within
Deferred Charges and Other Assets on the Consolidated Balance Sheet as of December 31, 2012. In January 2013, these securities
were sold for $2.5 million, resulting in a $1.3 million realized gain.
F-44
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Financial Instruments Carried at Other Than Fair Values
Community Development District Obligation
The owner of one shopping center pays annual special assessment levies of a Community Development District (CDD), which
provided certain infrastructure assets and improvements. As the amount and period of the special assessments were determinable,
the Company capitalized the infrastructure assets and improvements and recognized an obligation for the future special assessments
to be levied. At December 31, 2013 and 2012, the book value of the infrastructure assets and improvements, net of depreciation,
was $37.8 million and $39.8 million, respectively. The related obligation is classified within Accounts Payable and Accrued
Liabilities on the Consolidated Balance Sheet and had a balance of $59.7 million and $60.8 million at December 31, 2013 and
2012, respectively. The fair value of this obligation, derived from quoted market prices and therefore falling into Level 1 of the
fair value hierarchy, was $59.8 million at December 31, 2013 and $60.9 million at December 31, 2012.
Notes Payable
The fair value of notes payable are estimated using cash flows discounted at current market rates and therefore fall into Level
2 of the fair value hierarchy. When selecting discount rates for purposes of estimating the fair value of notes payable at December 31,
2013 and 2012, the Company employed the credit spreads at which the debt was originally issued. Excluding 2010 through 2013
refinancings and debt assumed as part of the 2011 acquisitions, an additional 1.00% and 1.50% credit spread was added to the
discount rate at December 31, 2013 and December 31, 2012, respectively, to attempt to account for current market conditions.
This additional spread is an estimate and is not necessarily indicative of what the Company could obtain in the market at the
reporting date. The Company does not believe that the use of different interest rate assumptions would have resulted in a materially
different fair value of notes payable as of December 31, 2013 or 2012. To further assist financial statement users, the Company
has included with its fair value disclosures an analysis of interest rate sensitivity.
The estimated fair values of notes payable at December 31, 2013 and 2012 are as follows:
Notes payable
$
3,058,053
$
3,107,119
$
2,952,030
$
3,082,265
2013
2012
Carrying Value
Fair Value
Carrying Value
Fair Value
The fair values of the notes payable are dependent on the interest rates used in estimating the values. An overall 1% increase in
rates employed in making these estimates would have decreased the fair values of the debt shown above at December 31, 2013
by $69.8 million or 2.2%.
Cash Equivalents and Notes Receivable
The fair value of cash equivalents and notes receivable approximates their carrying value due to their short maturity. The fair
value of cash equivalents is derived from quoted market prices and therefore falls into Level 1 of the fair value hierarchy. The fair
value of notes receivable are estimated using cash flows discounted at current market rates and therefore fall into Level 2 of the
fair value hierarchy.
See Note 5 regarding the fair value of the Unconsolidated Joint Ventures’ notes payable, and Note 10 regarding additional
information on derivatives.
F-45
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Note 18 - Cash Flow Disclosures and Non-Cash Investing and Financing Activities
Interest paid in 2013, 2012, and 2011, net of amounts capitalized of $16.4 million, $3.6 million, and $0.4 million, respectively,
was $128.2 million, $142.0 million, and $117.2 million, respectively. Income taxes paid in 2013, 2012, and 2011 were immaterial.
The following non-cash investing and financing activities occurred during 2013, 2012, and 2011. This table excludes any non-
cash adjustments of noncontrolling interests as a result of equity transactions (Note 9).
Issuance of a note receivable in connection with the sale of peripheral land
$
7,411
2013
2012
2011
Issuance of note and other receivable in connection with the sale of Taubman
TCBL's assets (Note 2)
Issuance of TRG partnership units in connection with acquisitions of The Mall at
Green Hills and The Gardens on El Paseo and El Paseo Village (Note 2)
Assumption of debt in connection with acquisitions of The Mall at Green Hills and
The Gardens on El Paseo and El Paseo Village (Note 2)
Issuance of installment notes in connection with acquisitions of The Mall at Green
Hills and The Gardens on El Paseo and El Paseo Village (Note 2)
Issuance of redeemable equity in connection with acquisition of Taubman TCBL
(Note 2)
Receipt of escrow in connection with the sale of Taubman TCBL (Note 2)
Relinquishment of redeemable equity in connection with disposition of Taubman
TCBL (Note 2)
Transfer of The Pier Shops and Regency Square in settlement of mortgage debt
obligations, net (Note 2)
Other non-cash additions to properties
$
9,353
$
72,683
215,439
281,467
11,882
3,550
8,855
14,030
19,952
63,941
29,803
Other non-cash additions to properties primarily represent accrued construction and tenant allowance costs. Various other assets
and liabilities were also assumed in connection with the acquisitions of The Mall at Green Hills, The Gardens on El Paseo and El
Paseo Village, Taubman TCBL, and an additional interest in International Plaza, as well as the disposition of Taubman TCBL.
(Note 2).
F-46
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Note 19 - Accumulated Other Comprehensive Income
Changes in the balance of each component of Accumulated Other Comprehensive Income (AOCI) for the years ended
December 31, 2013, 2012, and 2011 were as follows:
Taubman Centers, Inc. AOCI
Noncontrolling Interests AOCI
Cumulative
translation
adjustment
Unrealized gains
(losses) on interest
rate instruments
and other
Total
Cumulative
translation
adjustment
Unrealized gains
(losses) on interest
rate instruments
and other
Total
$
$
(14,925) $ (14,925)
$
15,802
$
15,802
(13,137)
(13,137)
(6,240)
(6,240)
449
449
(27,613)
$ (27,613)
(449)
(449)
$
9,113
$ 9,113
1,888
(2,551)
(663)
756
(1,162)
(406)
6,212
6,212
(6,212)
(6,212)
January 1, 2011
Current Period Other
Comprehensive Income
Amounts due to changes in
ownership
December 31, 2011
Current Period Other
Comprehensive Income
Amounts due to changes in
ownership
December 31, 2012
$
1,888
$
(23,952) $ (22,064)
$
756
$
1,739
$
2,495
Other comprehensive income/
(loss) before reclassifications
Amounts reclassified from
AOCI
Net current period other
comprehensive income/(loss)
Adjustments due to changes in
ownership
3,150
3,150
2
6,117
3,875
9,267
3,875
1,257
2,700
1,708
3,957
1,708
9,992
13,142
1,257
4,408
5,665
6
8
(2)
(6)
(8)
December 31, 2013
$
5,040
$
(13,954) $ (8,914)
$
2,011
$
6,141
$
8,152
The following table presents reclassifications out of AOCI for the year ended December 31, 2013:
Details about AOCI Components
Amounts reclassified from AOCI
Affected line item in Consolidated
Statement of Operations
(Gains)/losses on interest rate instruments
and other:
Realized loss on interest rate contracts -
consolidated subsidiaries
Realized loss on interest rate contracts -
UJVs
Realized gain on sale of securities (Note 17)
Total reclassifications for the period
$
$
3,826
Interest Expense
3,080
Equity in Income of UJVs
(1,323) Nonoperating Income
5,583
F-47
TAUBMAN CENTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Note 20 - Quarterly Financial Data (Unaudited)
The following is a summary of quarterly results of operations for 2013 and 2012:
Revenues
Equity in income of Unconsolidated Joint Ventures
Net income
Net income attributable to TCO common shareowners
Earnings per common share – basic
Earnings per common share – diluted
Revenues
Equity in income of Unconsolidated Joint Ventures
Net income
Net income attributable to TCO common shareowners
Earnings per common share – basic
Earnings per common share – diluted
Note 21 - Subsequent Events
International Plaza
2013
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
$
$
$
183,257
10,346
46,356
27,744
0.44
0.43
$
$
$
178,187
11,481
33,603
17,842
0.28
0.28
$
$
$
193,938
12,220
43,243
24,488
0.38
0.38
$
$
$
211,772
18,418
66,166
39,834
0.63
0.62
2012
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
$
169,264
$
179,465
$
189,539
$
209,706
11,901
32,177
17,531
11,170
31,448
16,373
12,672
45,061
21,700
$
$
0.30
0.30
$
$
0.28
0.27
$
$
0.36
0.35
$
$
12,751
49,131
27,907
0.45
0.44
In January 2014, the Company sold a total of 49.9% of the Company's interests in the entity that owns International Plaza,
including certain governance rights, for $499 million, which consisted of $337 million of cash and approximately $162 million
of beneficial interest in debt. A gain in excess of $350 million (net of tax of approximately $10 million to $14 million) will be
recognized in the first quarter of 2014. The dispositions decreased the Company's ownership in the center to a noncontrolling
50.1% interest, which will be accounted for under the equity method of accounting.
Stony Point Fashion Park
In January 2014, the Company used the funds from the sale of the total of 49.9% interests in the entity that owns International
Plaza to pay off the $99.5 million mortgage note payable on Stony Point Fashion Park that was scheduled to mature in June 2014.
Arizona Mills
In January 2014, the Company completed the sale of its 50% interest in Arizona Mills, an Unconsolidated Joint Venture, and
land in Syosset, New York related to the former Oyster Bay project, to Simon Property Group. The consideration consisted of $60
million of cash and 555,150 partnership units in Simon Property Group Limited Partnership. The number of partnership units
issued was determined based on a value of $154.91 per unit. As a result of the sale, the Company will be relieved of its $84 million
share of the current $167 million mortgage loan on Arizona Mills, bringing the transaction's total value to $230 million. A gain in
excess of $100 million will be recognized in the first quarter of 2014.
F-48
VALUATION AND QUALIFYING ACCOUNTS
For the years ended December 31, 2013, 2012, and 2011
(in thousands)
Additions
Balance at
beginning
of year
Charged to
costs and
expenses
Charged to
other
accounts
Write-offs
Transfers,
net
Year Ended December 31, 2013
Allowance for doubtful receivables
$3,424
$489
Year Ended December 31, 2012
Allowance for doubtful receivables
$3,303
$1,397
Year Ended December 31, 2011
$(1,979)
$(1,276)
Schedule II
Balance at
end of
year
$1,934
$3,424
Allowance for doubtful receivables
$7,966
$2,032
$(2,535)
$(4,160)
(1)
$3,303
(1) Amounts represent balances associated with The Pier Shops and Regency Square as the centers were transferred to their
mortgage lenders in 2011.
See accompanying report of independent registered public accounting firm.
F-49
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F
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned, thereunto duly authorized.
SIGNATURES
Date: February 26, 2014
By:
TAUBMAN CENTERS, INC.
/s/ Robert S. Taubman
Robert S. Taubman, Chairman of the Board, President, and
Chief Executive Officer
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following
persons on behalf of the registrant and in the capacities and on the dates indicated.
Signature
Title
Date
/s/ Robert S. Taubman
Robert S. Taubman
/s/ Lisa A. Payne
Lisa A. Payne
/s/ William S. Taubman
William S. Taubman
/s/ Esther R. Blum
Esther R. Blum
/s/ Graham Allison
Graham Allison
/s/ Jerome A. Chazen
Jerome A. Chazen
/s/ Craig M. Hatkoff
Craig M. Hatkoff
/s/ Peter Karmanos, Jr.
Peter Karmanos, Jr.
/s/ William U. Parfet
William U. Parfet
/s/ Ronald W. Tysoe
Ronald W. Tysoe
Chairman of the Board, President,
Chief Executive Officer, and Director
(Principal Executive Officer)
February 26, 2014
Vice Chairman, Chief Financial
Officer, and Director (Principal Financial Officer)
February 26, 2014
Chief Operating Officer,
and Director
Senior Vice President, Controller, and
Chief Accounting Officer
Director
Director
Director
Director
Director
Director
February 26, 2014
February 26, 2014
February 26, 2014
February 26, 2014
February 26, 2014
February 26, 2014
February 26, 2014
February 26, 2014
TAUBMAN CENTERS, INC.
Computation of Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
(in thousands, except ratios)
2013
Year Ended December 31
2011
2010
2012
Exhibit 12
2009
Earnings operations before income from
equity investees and taxes (1)
$ 140,312
$ 114,287
$ 95,945
$ 77,928
$ 94,632
Add back:
Fixed charges
152,438
152,517
127,128
139,410
139,854
Amortization of previously capitalized interest
Distributed income of Unconsolidated Joint Ventures (2)
4,438
49,389
4,427
48,494
4,401
46,064
4,411
45,412
4,443
11,488
Deduct:
Capitalized interest
Preferred distributions (3)
(16,385)
(3,594)
(422)
372
(319)
(2,460)
(1,257)
(2,460)
Earnings available for fixed charges and preferred
dividends
$ 330,192
$ 316,131
$ 273,488
$ 264,382
$ 246,700
Fixed charges:
Interest expense
Capitalized interest
Interest portion of rent expense
Preferred distributions (3)
$ 130,023
$ 142,616
$ 122,277
$ 132,362
$ 131,558
16,385
6,030
3,594
6,307
422
4,801
(372)
319
4,269
2,460
1,257
4,579
2,460
Total fixed charges
$ 152,438
$ 152,517
$ 127,128
$ 139,410
$ 139,854
Preferred dividends (4)
20,933
21,051
14,634
14,634
14,634
Total fixed charges and preferred dividends
$ 173,371
$ 173,568
$ 141,762
$ 154,044
$ 154,488
Ratio of earnings to fixed charges and preferred
dividends (1)
1.9
1.8
1.9
1.7
1.6
(1) In 2011, the Company disposed of The Pier Shops at Caesars and Regency Square. These centers are reported separately as discontinued operations in
the Consolidated Financial Statements in 2011. See "Note 2- Acquisitions, Dispositions, and Developments" to the Consolidated Financial Statements for
further discussion of our discontinued operations. The calculation of the ratio of earnings to fixed charges was restated to exclude discontinued operations
in 2011.
(2) Distributed income of Unconsolidated Joint Ventures for the year ended December 31, 2009 includes $30.4 million in litigation charges related to Westfarms.
(3) In October 2011, the Company redeemed the Operating Partnership's 8.2% Series F Preferred Equity for $27 million, which represented a $2.2 million
discount from the book value.
(4) In September 2012, the Company redeemed its 8% Series G Preferred Stock and its 7.625% Series H Preferred Stock. As a result of these redemptions,
the Company recognized a charge of $6.4 million, which represents the difference between the carrying values and the redemption prices of the Series G
& H Preferred Stock. This charge is included in preferred dividends for the year ended December 31, 2012.
Exhibit 31.1
Certification of Chief Executive Officer
Pursuant to 15 U.S.C. Section 10A, as Adopted Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002
I, Robert S. Taubman, certify that:
1.
2.
3.
4.
I have reviewed this annual report on Form 10-K of Taubman Centers, Inc.;
Based on my knowledge, this annual report does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were
made, not misleading with respect to the period covered by this report;
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present
in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the
periods presented in this report;
The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as
defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a)
b)
c)
d)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in
which this report is being prepared;
Designed such internal control over financial reporting, or caused such internal control over financial reporting
to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external purposes in accordance with generally accepted
accounting principles;
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report
our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period
covered by this report based on such evaluation; and
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred
during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual
report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control
over financial reporting; and
5.
The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control
over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or
persons performing the equivalent functions):
a)
b)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial
reporting, which are reasonably likely to adversely affect the registrant's ability to record, process, summarize,
and report financial information; and
Any fraud, whether or not material, that involves management or other employees who have a significant role
in the registrant's internal control over financial reporting.
Date: February 26, 2014
/s/ Robert S. Taubman
Robert S. Taubman
Chairman of the Board of Directors, President, and Chief
Executive Officer
Exhibit 31.2
Certification of Chief Financial Officer
Pursuant to 15 U.S.C. Section 10A, as Adopted Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002
I, Lisa A. Payne, certify that:
1.
2.
3.
4.
I have reviewed this annual report on Form 10-K of Taubman Centers, Inc.;
Based on my knowledge, this annual report does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were
made, not misleading with respect to the period covered by this report;
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present
in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the
periods presented in this report;
The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as
defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a)
b)
c)
d)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in
which this report is being prepared;
Designed such internal control over financial reporting, or caused such internal control over financial reporting
to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external purposes in accordance with generally accepted
accounting principles;
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report
our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period
covered by this report based on such evaluation; and
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred
during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual
report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control
over financial reporting; and
5.
The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control
over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or
persons performing the equivalent functions):
a)
b)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial
reporting, which are reasonably likely to adversely affect the registrant's ability to record, process, summarize,
and report financial information; and
Any fraud, whether or not material, that involves management or other employees who have a significant role
in the registrant's internal control over financial reporting.
Date: February 26, 2014
/s/ Lisa A. Payne
Lisa A. Payne
Vice Chairman, Chief Financial Officer, and Director
(Principal Financial Officer)
Certification of Chief Executive Officer
Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002
Exhibit 32.1
I, Robert S. Taubman, Chief Executive Officer of Taubman Centers, Inc. (the "Registrant"), certify that based upon a review of
the Annual Report on Form 10-K for the year ended December 31, 2013 (the "Report"):
(i)
(ii)
The Report fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange
Act of 1934, as amended; and
The information contained in the Report fairly presents, in all material respects, the financial condition and
results of operations of the Registrant.
/s/ Robert S. Taubman
Robert S. Taubman
Chairman of the Board of Directors, President, and Chief
Executive Officer
Date: February 26, 2014
Certification of Chief Financial Officer
Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002
Exhibit 32.2
I, Lisa A. Payne, Chief Financial Officer of Taubman Centers, Inc. (the "Registrant"), certify that based upon a review of the
Annual Report on Form 10-K for the year ended December 31, 2013 (the "Report"):
(i)
(ii)
The Report fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange
Act of 1934, as amended; and
The information contained in the Report fairly presents, in all material respects, the financial condition and
results of operations of the Registrant.
/s/ Lisa A. Payne
Lisa A. Payne
Vice Chairman, Chief Financial Officer, and Director
(Principal Financial Officer)
Date: February 26, 2014
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PAGE INTENTIONALLY LEFT BLANK
TAUBMAN CENTERS, INC.
NOTES AND RECONCILIATIONS FOR GRAPHS ( pages 6 and 7)
Funds From Operations (FFO) and Adjusted FFO Per Share: Reconciliation of Net Income
(Loss) Attributable to TCO Common Shareowners to FFO and Adjusted FFO Per Share (1)
(in millions of dollars; amounts may not add due to rounding)
YEAR ENDED
Net income (loss) attributable to TCO common shareowners
Gains on dispositions of properties and other
Impairment charges of depreciable real estate
Depreciation and amortization
Noncontrolling interests and distributions
to participating securities of TRG
Funds from Operations
Funds from Operations attributable to TCO
Funds from Operations per share
Funds from Operations
Costs related to unsolicited tender offer, net of recoveries
Impairment charges of non-depreciable real estate
Restructuring charges
Charge upon redemption of preferred equity
Debt prepayment premium and write-off of financing costs
Adjusted Funds from Operations
Adjusted Funds from Operations attributable to TCO
Adjusted Funds from Operations per share
YEAR ENDED
Net income (loss) attributable to TCO common shareowners
Depreciation and amortization
Noncontrolling interests and distributions
to participating securities of TRG
Funds from Operations
Funds from Operations attributable to TCO
Funds from Operations per share
Funds from Operations
Litigation charges
Restructuring charges
Acquisition costs
Redemption of preferred equity
Gains on extinguishment of debt
Series G and H Preferred Stock redemption charges
Early extinguishment of debt on The Mall at Millenia
PRC taxes on sale of Taubman TCBL assets
Adjusted Funds from Operations
Adjusted Funds from Operations attributable to TCO
Adjusted Funds from Operations per share
2004
(5.1)
(0.3)
2005
44.1
(52.8)
2006
21.4
2007
48.5
2008
(86.7)
139.8
150.3
147.3
141.0
160.8
154.8
35.7
170.1
103.1
54.1
122.2
81.3
$ 2.07 $ 2.17 $ 2.56 $ 2.88 $ 1.51
45.6
235.1
155.4
41.8
210.4
136.7
36.0
177.7
110.6
170.1
(1.0)
5.7
2.7
177.7
210.4
235.1
122.2
4.7
126.3
3.1
12.7
193.5
120.5
3.1
218.2
141.7
177.5
107.5
248.5
165.5
$ 2.16 $ 2.36 $ 2.65 $ 2.88 $ 3.08
235.1
155.4
2009
(69.7)
154.4
2010
47.6
161.8
2011
176.7
152.3
2012
83.5
159.8
2013
109.9
172.6
(29.7)
215.8
144.2
48.2
330.8
236.7
$ 2.66 $ 2.86 $ 4.86 $ 3.21 $ 3.65
41.3
284.7
197.7
27.9
237.3
160.1
82.1
411.1
285.4
237.3
411.1
284.7
330.8
215.8
30.4
2.5
5.3
(2.2)
(174.2)
6.4
1.6
3.2
295.8
205.4
248.7
166.3
330.8
236.7
$ 3.06 $ 2.86 $ 2.84 $ 3.34 $ 3.65
237.3
160.1
240.0
166.9
(1) Refer to the Form 10-K for a definition of FFO and the company’s uses of the measure. The company presents adjusted versions of FFO when used by management
to evaluate operating performance when certain significant items have impacted results that affect comparability with prior or future periods due to the nature or
amounts of these items. The company believes the disclosure of the adjusted items is similarly useful to investors and others to understand management’s view on
comparability of such measures between periods.
TENANT SALES PER SQUARE FOOT
Excludes non-comparable centers. Excludes Arizona Mills in 2013 and 2012. Excludes The Pier Shops and Regency
Square in 2011, 2010, and 2009. 2008 excludes The Pier Shops.
OFFICERS AND DIRECTORS
TAUBMAN CENTERS, INC.
BOARD OF DIRECTORS
GRAHAM T. ALLISON (3,4)
Professor
Harvard University
JEROME A. CHAZEN (1,2)
Chairman
Chazen Capital Partners
Chairman Emeritus
Fifth & Pacific Companies Inc.
(f.k.a. Liz Claiborne, Inc.)
CRAIG M. HATKOFF (2,3)
Co-founder
Tribeca Film Festival
PETER KARMANOS, JR. (2)
Former Executive Chairman
Compuware Corporation
WILLIAM U. PARFET (1,3)
Chairman and Chief Executive
Officer
MPI Research
LISA A. PAYNE
Vice Chairman
Chief Financial Officer
Taubman Centers, Inc.
ROBERT S. TAUBMAN (4)
Chairman of the Board
President and Chief Executive Officer
Taubman Centers, Inc.
WILLIAM S. TAUBMAN
Chief Operating Officer
Taubman Centers, Inc.
RONALD W. TYSOE (1,2,4)
Former Vice Chairman
Finance and Real Estate
Federated Department Stores
(Now Macy’s, Inc.)
TAUBMAN CENTERS, INC.
THE TAUBMAN COMPANY LLC
SENIOR OFFICERS AND
OPERATING COMMITTEE
ROBERT S. TAUBMAN
Chairman of the Board
President and Chief Executive Officer
TAUBMAN ASIA
RENÉ TREMBLAY (8)
President
Taubman Asia Management Limited
LISA A. PAYNE
Vice Chairman
Chief Financial Officer
WILLIAM S. TAUBMAN
Chief Operating Officer
DENISE ANTON
Senior Vice President
Center Operations
ESTHER R. BLUM (5)
Senior Vice President
Controller and Chief
Accounting Officer
JONG CHOW
Senior Vice President
Chief Strategy Officer
CHRIS B. HEAPHY (6)
Senior Vice President
General Counsel and Secretary
DAVID S. JOSEPH II
Senior Vice President
Leasing
STEPHEN J. KIERAS
Senior Vice President
Development
SIMON J. LEOPOLD (7)
Senior Vice President
Capital Markets and Treasurer
FOUNDER
A. ALFRED TAUBMAN
(1) Audit Committee Member
(2) Compensation Committee Member
(3) Nominating and Corporate Governance
Committee Member
(4) Executive Committee Member
(5) Also serves as Senior Vice President,
Controller and Chief Accounting Officer
of Taubman Centers, Inc.
(6) Also serves as Assistant Secretary of
Taubman Centers, Inc.
(7) Also serves as Treasurer of Taubman
Centers, Inc.
(8) Also serves as a member of the Operating
Committee
SHAREOWNER INFORMATION
CORPORATE HEADQUARTERS
Taubman Centers, Inc.
200 East Long Lake Road
Bloomfield Hills, MI 48304-2324
248.258.6800
TAUBMAN ASIA
Taubman Asia Management Limited
Suite 1308, 13/F, Two Pacific Place
88 Queensway, Admiralty, Hong Kong
852.3607.1333
USE OF TAUBMAN
For ease of use, references in this report
to “Taubman Centers,” “company,”
“Taubman” or an operating platform
mean Taubman Centers, Inc. and/or
one or more of a number of separate,
affiliated entities. Business is actually
conducted by an affiliated entity rather
than Taubman Centers, Inc. itself or
the named operating platform.
QUARTERLY SHARE PRICE AND
DIVIDEND INFORMATION
The common stock of Taubman
Centers, Inc. is listed and traded on
the New York Stock Exchange
(Symbol TCO). The following table
represents the dividends and range of
share prices for each quarter of 2013:
HIGH
MARKET QUOTATIONS
2013 QUARTER ENDED
March 31
June 30
September 30
December 31
LOW DIVIDENDS
$ 82.29 $ 75.02 $ 0.50
0.50
0.50
0.50
73.67
65.37
63.65
88.95
80.61
71.56
INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM
KPMG LLP
Chicago, Illinois
SHAREOWNER INQUIRIES
Barbara K. Baker, Vice President
Corporate Affairs & Investor Relations
Taubman
200 East Long Lake Road
Bloomfield Hills, Michigan 48304-2324
248.258.7367
bbaker@taubman.com
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OUR WEBSITE:
www.taubman.com
Investor information on our website
includes press releases, supplemental
investor information, corporate
governance information, our Code of
Business Conduct and Ethics, SEC
filings, and webcasts of quarterly
earnings conference calls.
CONFIDENTIAL HOTLINES
AND WEBSITES:
U.S.: 888.773.2513
Hong Kong: 800.96.4633
South Korea: 00798.1.1.002.5877
North China: 10.800.711.1152
South China: 10.800.110.1076
English Only:
www.reportlineweb.com/taubman
International Languages:
https://iwf.tnwgrc.com/taubman
Independently operated, confidential
hotlines and websites can be used to
report concerns regarding possible
accounting, internal accounting
control or auditing matters, or
fraudulent acts and/or illegal activities
involving our company which may
compromise our ethical standards.
Other means of reporting concerns
are identified in our Code of Business
Conduct and Ethics located in the
Investing/ Corporate Governance
section of our company’s website.
DIVIDEND REINVESTMENT &
DIRECT STOCK PURCHASE PLAN
The Dividend Reinvestment and Direct
Stock Purchase Plan – sponsored and
administered by Computershare –
provides owners of common stock a
convenient way to reinvest dividends
and purchase additional shares. In
addition, investors who do not
currently own any Taubman Centers’
stock can make an initial investment
through this program.
A plan description can be viewed
online on the Computershare website:
www.computershare.com/investor
(Once on the website click “Buy stock
direct” and follow the subsequent
instructions). For questions about this
plan or your account, or for a brochure
and enrollment form, call:
1.888.877.2889
PUBLICATIONS
Taubman Centers’ annual report on
Form 10-K and quarterly reports on
Form 10-Q are available free of
charge from our Corporate Affairs
Department or can be viewed and
downloaded online at www.taubman.
com. A Notice of 2014 Annual
Meeting of Shareholders and Proxy
Statement is furnished in advance of
the annual meeting to all shareowners
entitled to vote at the annual meeting.
ANNUAL MEETING
The 2014 Taubman Centers, Inc.
Annual Meeting will be held on
Thursday, May 22 at The Townsend
Hotel in Birmingham, Michigan. The
meeting will begin at 11:00 a.m.
Eastern Time.
TRANSFER AGENT AND REGISTRAR
Shareholder correspondence can be
mailed to:
Computershare
P.O. Box 30170
College Station, TX 77842
www-us.computershare.com/investor/
contact
Overnight correspondence can be
mailed to:
Computershare
211 Quality Circle, Suite 210
College Station, TX 77845
Taubman Centers, Inc.
200 East Long Lake Road
Bloomfield Hills, Michigan 48304-2324
www.taubman.com
ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMEN T
ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMEN T
ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFF ICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPEC IALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIA L
ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFF ICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPEC IALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIA L
SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIR ECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONA L
SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIR ECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONA L
DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIREC TOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE
DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIREC TOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE
ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMIN -
ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMIN -
ISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERA-
ISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERA-
TIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURC ES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT.
TIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURC ES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT.
MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPER -
MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPER -
ATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAU BMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANA-
ATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAU BMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANA-
LYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORD INATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLO YEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIO R
LYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORD INATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLO YEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIO R
LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENI OR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR.
LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENI OR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR.
SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, COR -
SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, COR -
PORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COU NSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPEC IALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT
PORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COU NSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPEC IALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT
GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR.
GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR.
CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIREC -
CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIREC -
TOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIR ECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIREC -
TOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIR ECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIREC -
TOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. F ACILITIES ADM INISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES M ANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE.
TOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. F ACILITIES ADM INISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES M ANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE.
GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MAN-
GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MAN-
AGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINAN-
AGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINAN-
CIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. M ANAGER, MALL M EDIA IMPACT. M ANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. M ANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS.
CIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL M EDIA IMPACT. M ANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. M ANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS.
MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORD INATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR.
MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORD INATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR.
PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL E STATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING
PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL E STATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING
ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH
ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH
ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. S VP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING.
ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. S VP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING.
SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP,
SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP,
REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIO NS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRAC T
REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIO NS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRAC T
ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. C HIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIS T. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING.
ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. C HIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIS T. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING.
DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES . DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMP LOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTO R, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLI -
DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES . DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMP LOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTO R, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLI -
ANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN
ANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN
SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMI NISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN
SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMI NISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN
RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTR ATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CON STRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSU LTANT. MARKETING COORDINATOR. MARKETING
RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTR ATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CON STRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSU LTANT. MARKETING COORDINATOR. MARKETING
MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER , CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINAN CE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATIO N TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER,
MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER , CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINAN CE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATIO N TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER,
LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMEN T. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR.
LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMEN T. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR.
MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST . PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR.
MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST . PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR.
REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SEN IOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIO R
REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SEN IOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIO R
FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER -
FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER -
ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR , DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATE GY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGE -
ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR , DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATE GY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGE -
MENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST.
MENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST.
ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTE R ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGI-
ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTE R ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGI-
NEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIREC TOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR,
NEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIREC TOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR,
DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIREC TOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTO R, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIREC -
DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIREC TOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTO R, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIREC -
TOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIREC TOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TEN ANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES
TOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIREC TOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TEN ANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES
MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING
MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING
SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER,
SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER,
ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SER VICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEG AL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-
ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SER VICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEG AL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-
CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPE-
CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPE-
CIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALY ST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR.
CIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALY ST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR.
SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGIN EER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH
SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGIN EER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH
ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPE R. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERA-
ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPE R. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERA-
TIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING.
TIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING.
VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COOR-
VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COOR-
DINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSIST ANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICE R. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVEL-
DINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSIST ANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICE R. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVEL-
OPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIR ECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTI NG. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL
OPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIR ECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTI NG. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL
AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTO R, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING.
AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTO R, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING.
DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIREC TOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEAS-
DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIREC TOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEAS-
ING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM
ING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM
COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MAN-
COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MAN-
AGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEA SING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER,
AGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEA SING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER,
TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIO NSHIP MANAGER. REAL ESTATE ADMINISTRATOR.
TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIO NSHIP MANAGER. REAL ESTATE ADMINISTRATOR.
REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SEN IOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMIN ISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DIS -
REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SEN IOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMIN ISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DIS -
BURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASIN G AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST
BURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASIN G AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST
- ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF
- ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF
INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNT -
INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNT -
ING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSIN ESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST.
ING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSIN ESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST.
CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES.
CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES.
DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOY EE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIR ECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOP -
DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOY EE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIR ECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOP -
MENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVEN UE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEA SING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINIS -
MENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVEN UE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEA SING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINIS -
TRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN . IT SUPPORT ENGINEER. LEASE ADMINISTRATOR.
TRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN . IT SUPPORT ENGINEER. LEASE ADMINISTRATOR.
LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MAN-
LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MAN-
AGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER,
AGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER,
NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMEN T. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS
NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMEN T. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS
COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SEN -
COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SEN -
IOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELAT IONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING
IOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELAT IONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING
RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR,
RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR,
DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOT AL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE
DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOT AL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE
AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL
AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL
MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILIT IES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPO-
MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILIT IES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPO-
RATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONST RUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR,
RATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONST RUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR,
FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTO R, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR,
FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTO R, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR,
STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSIST ANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL
STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERINTENDENT. FINANCIAL ASSIST ANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL
MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMEN T
MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMEN T
ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSI STANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERV-
ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSI STANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERV-
ICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYS-
ICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENTER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYS-
TEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MAR KETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING C OORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYRO LL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT
TEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MAR KETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST. NATIONAL SPONSORSHIP LEASING C OORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYRO LL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJECT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT
ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALY ST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRA-
ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEASING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALY ST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRA-
TOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIO R
TOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADMINISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRASTRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIO R
SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER.
SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIOR SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER.
TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT.
TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINATOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP, ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEVELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT.
VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COM PLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHI P. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSIS-
VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COM PLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS & CENTER SPONSORSHI P. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSISTANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSIS-
TANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR . DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS.
TANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINESS SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPERATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR . DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTOR, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS.
DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIR ECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MAR-
DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMENT. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FINANCIAL REPORTING. DIR ECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MAR-
KETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS.
KETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALENT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWARDS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS.
DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSIST ANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERIN TENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECH-
DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASING. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSIST ANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACILITIES SUPERIN TENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MANAGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECH-
NICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST.
NICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MANAGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST.
MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER,
MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER, FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFORMATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER,
LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MAN AGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENT ER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST.
LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MAN AGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PROGRAMS. MANAGER, SHOPPING CENT ER FINANCIAL SERVICES. MANAGER, SPECIAL PROJECTS. MANAGER, SYSTEMS. MANAGER, SYSTEMS DEVELOPMENT. MANAGER, TAX. MANAGER, TENANT COORDINATION ADMINISTRATION. MANAGER, TENANT COORDINATION. MARKETING & SPONSORSHIP SPECIALIST. MARKETING & SPONSORSHIP DIRECTOR. MARKETING & TOURISM SPECIALIST.
NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJE CT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEAS-
NATIONAL SPONSORSHIP LEASING COORDINATION. OFFICE MANAGER. OPERATIONS ASSISTANT. OPERATIONS COORDINATOR. OPERATIONS DIRECTOR. OWNER'S REPRESENTATIVE. PAYROLL SUPERVISOR. PUBLIC RELATIONS SPECIALIST. PRESIDENT, TAUBMAN ASIA. PROCUREMENT COORDINATOR. PROJE CT MANAGEMENT - ENTERPRISE. PROJECT ADMINISTRATOR. PROJECT ANALYST I. PROJECT CONTROL SPECIALIST. PROJECT MANAGER - BUSINESS RELATIONSHIP MANAGER. REAL ESTATE ADMINISTRATOR. REAL ESTATE TAX ANALYST. RECEPTIONIST. RECORDS COORDINATOR. RECORDS MANAGEMENT COORDINATOR. REGIONAL DIRECTOR, SPECIALTY LEAS-
ING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADM INISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRA -
ING. REGIONAL MARKET SPECIALIST. RETAIL DESIGN MANAGER. SENIOR ACCOUNTANT. SENIOR ANALYST. SENIOR ASSISTANT. SENIOR ATTORNEY. SENIOR TAX ANALYST. SERVICE SUPPORT ANALYST. SERVICES COORDINATOR. SPECIALTY LEASING AGENT. SPECIALTY LEASING ADMINISTRATOR. SPECIALTY LEASING AGENT. SPONSORSHIP & CENTER MARKETING ADMINISTRATOR. SPONSORSHIP COORDINATOR. SPONSORSHIP SPECIALIST. SENIOR ADM INISTRATOR. SENIOR BENEFITS SPECIALIST. SENIOR DISBURSEMENT COORDINATOR. SENIOR EMPLOYEE RELATIONS SPECIALIST. SENIOR FACILITIES DIRECTOR. SENIOR FINANCIAL ASSISTANT. SENIOR INFRA -
STRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIO R
STRUCTURE ENGINEER. SENIOR INVESTOR RELATIONS ANALYST. SENIOR LEASING MANAGER. SENIOR LEASING RESEARCH ANALYST. SENIOR LEGAL ASSISTANT. SENIOR LEASING SERVICES COORDINATOR. SENIOR MARKET RESEARCH ANALYST. SENIOR PAYROLL COORDINATOR. SENIOR PROJECT ANALYST. SENIOR REAL ESTATE TAX ANALYST. SENIOR RESEARCH ANALYST. SENIOR SPECIALTY LEASING AGENT ASSISTANT. SENIOR SPECIALTY LEASING AGENT. SENIOR SYSTEM ANALYST. SENIOR SYSTEM ANALYST - ENTERPRISE DATA MANAGEMENT. SENIOR SYSTEM ANALYST - JD EDWARDS. SENIOR SYSTEM DEVELOPER - ENTERPRISE RESOURCE PLANNING. SENIO R
SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINA TOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP,
SYSTEMS DEVELOPER. SENIOR TALENT ACQUISITION SPECIALIST. SENIOR TENANT COORDINATOR. SENIOR, DEVELOPMENT MANAGER. STRATEGY & RESEARCH ANALYST I. SVP, CAPITAL MARKETS &TREASURY. SVP, CENTER OPERATIONS. SVP, CHIEF STRATEGY OFFICER. SVP, CONTROLLER & CAO. SVP, DEVELOPMENT. SVP, GENERAL COUNSEL. SVP, LEASING. SYSTEM DEVELOPER. TALENT ACQUISITION SPECIALIST. TAX ANALYST. TENANT COORDINA TOR. TEAM LEAD, CENTER MARKETING. TEAM LEAD, STAFF INTEGRATION & TRAINING COORDINATOR. TOTAL REWARDS ANALYST. UTILITIES AND ENGINEERING MANAGEMENT ANALYST. VICE CHAIRMAN, CFO. VP,
ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEV ELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS
ASSISTANT CONTROLLER. VP, ASSISTANT GENERAL COUNSEL. VP, CENTRAL OPERATIONS. VP, CORPORATE AFFAIRS & INVESTOR RELATIONS. VP, DEV ELOPMENT. VP, ENGINEERING & CONSTRUCTION. VP, FINANCIAL REPORTING. VP, HUMAN RESOURCES. VP, LEASE COMPLIANCE. VP, LEASING. VP, LEGAL COUNSEL - ASIA. VP, PLANNING & DESIGN. VP, REGIONAL MANAGEMENT. VP, SENIOR COUNSEL. VP, SPONSORSHIP & CENTER MARKETING. VP, TAX. VP, TREASURY & FINANCIAL ANALYSIS. ACCOUNTING STANDARDS AND COMPLIANCE SPECIALIST. ADMINISTRATIVE SECRETARY. ADMINISTRATOR. ANALYST. ACCOUNT SUPERVISOR, PARTNER RELATIONS
& CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSI STANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINES S SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPER -
& CENTER SPONSORSHIP. ASSISTANT. ASSISTANT ACCOUNTANT. ASSISTANT ANALYST. ASSISTANT GENERAL MANAGER. ASSISTANT TO THE CFO. ASSI STANT TO THE CHAIRMAN. ASSISTANT TO THE COO. ASSISTANT BILLING COORDINATOR. ASSISTANT FACILITIES SUPERINTENDENT. ASSISTANT LEASE ADMINISTRATOR. ASSISTANT MANAGER, CONTRACT ADMINISTRATION. ASSISTANT PROJECT CONTROL SPECIALIST. BILLING COORDINATOR. BUSINES S SYSTEMS ANALYST. CAPITAL INVESTMENT ANALYST. CENTER & SPECIALTY LEASING ASSISTANT. CENTER ASSISTANT. CHAIRMAN, PRESIDENT & CEO. CHIEF ENGINEER. CHIEF INVESTMENT OFFICER. CHIEF OPER -
ATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTO R, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMEN T. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE
ATING OFFICER. CHIEF TECHNOLOGY OFFICER. CLERK. COMPUTER SUPPORT ANALYST. COORDINATOR. CORPORATE MARKETING SPECIALIST. CREDIT ADMINISTRATOR. DATABASE ADMINISTRATOR. DEVELOPMENT DIRECTOR. DEVELOPMENT SPECIALIST. DIGITAL PUBLIC RELATIONS SPECIALIST. DIRECTO R, CAPITAL INVESTMENTS & FINANCIAL PLANNING. DIRECTOR, CAPITAL MARKETS. DIRECTOR, CORE MANAGEMENT. DIRECTOR, CORE PROJECT MANAGEMENT. DIRECTOR, CORPORATE FINANCIAL SERVICES. DIRECTOR, CUSTOMER INFORMATION. DIRECTOR, DESIGN & DEVELOP. DIRECTOR, DEVELOPMEN T. DIRECTOR, DIGITAL MARKETING. DIRECTOR, EMPLOYEE
RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FIN ANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE
RELATIONS. DIRECTOR, ENGINEERING & CONSTRUCTION. DIRECTOR, ENTERPRISE APPLICATIONS. DIRECTOR, FINANCIAL ANALYSIS. DIRECTOR, FIN ANCIAL REPORTING. DIRECTOR, INFORMATION TECHNOLOGY. DIRECTOR, INTERNAL AUDIT. DIRECTOR, IT INFRASTRUCTURE & OPERATIONS. DIRECTOR, LEASE ADMINISTRATION. DIRECTOR, LEASE COMPLIANCE. DIRECTOR, PARTNER MARKETING. DIRECTOR, PLANNING & DESIGN. DIRECTOR, PRE-CONSTRUCTION SERVICES. DIRECTOR, PROFESSIONAL DEVELOPMENT. DIRECTOR, PROGRAM MANAGEMENT. DIRECTOR, PARTNER RELATIONS & CENTER SPONSORSHIP. DIRECTOR, REAL ESTATE TAX. DIRECTOR, REVENUE
PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALE NT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWAR DS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASIN G. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACIL -
PROGRAMS. DIRECTOR, RISK MANAGEMENT. DIRECTOR, SHOPPING CENTER FINANCIAL SERVICES. DIRECTOR, STRATEGY & RESEARCH. DIRECTOR, TALE NT ACQUISITION. DIRECTOR, TAX COMPLIANCE. DIRECTOR, TAX, REIT & PLANNING. DIRECTOR, TENANT COORDINATION. DIRECTOR, TOTAL REWAR DS. DIRECTOR, TREASURY. DIRECTOR, TAUBMAN SMART BUILDINGS OPERATIONS. DIRECTOR, UTILITIES & ENERGY MANAGEMENT. DIRECTOR, LEASIN G. DISBURSEMENT COORDINATOR. EXECUTIVE ADMINISTRATOR. EXECUTIVE ASSISTANT. FACILITIES ADMINISTRATION COORDINATOR. FACILITIES DIRECTOR. FACILITIES MAINTENANCE. FACILITIES MANAGER. FACIL -
ITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MAN AGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MAN-
ITIES SUPERINTENDENT. FINANCIAL ASSISTANT. FINANCIAL CONTROLLER. GENERAL MAINTENANCE. GENERAL MANAGEMENT ASSISTANT. GENERAL MAN AGER. GROUP DIRECTOR, TENANT COORDINATION. GROUP VICE PRESIDENT, LEASING. HUMAN RESOURCES INFORMATION TECHNOLOGY ANALYST. HUMAN RESOURCES ASSOCIATE. HUMAN RESOURCES DIRECTOR. HVAC TECHNICIAN. IMAGING COORDINATOR. INFRASTRUCTURE ENGINEER. INTERN. IT SUPPORT ENGINEER. LEASE ADMINISTRATOR. LEASING AGENT I. LEASING AGENT II. LEASING AGENT III. LEASING ATTORNEY. LEASING MANAGER. LEASING SERVICES ASSOCIATE. LEASING SERVICES MAN-
AGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER,
AGER. LEGAL ASSISTANT. LEASING SERVICES COORDINATOR. MAINTENANCE TECHNICIAN. MANAGEMENT ASSISTANT. MANAGER, CONSTRUCTION. MANAGING ATTORNEY. MANAGING DIRECTOR OF CHINA. MARKETING & TOURISM COORDINATOR. MARKETING ASSISTANT. MARKETING CONSULTANT. MARKETING COORDINATOR. MARKETING MANAGER. MARKETING SPECIALIST. MARKETING SPONSORSHIP COORDINATOR. MANAGER, CENTER MARKETING. MANAGER, CENTER OPERATIONS. MANAGER, CENTRAL OPERATIONS. MANAGER, CONSTRUCTION. MANAGER, ECOMMERCE & MOBILITY. MANAGER, ENGINEERING & CONSTRUCTION. MANAGER,
FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFOR MATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PRO-
FINANCE. MANAGER, FINANCIAL ANALYSIS. MANAGER, FINANCIAL REPORTING. MANAGER, FINANCIAL SERVICES. MANAGER, HUMAN RESOURCES INFOR MATION TECHNOLOGY & COMPENSATION. MANAGER, INFRASTRUCTURE. MANAGER, INTERACTIVE MARKETING. MANAGER, INTERNAL AUDIT. MANAGER, IT SERVICE & SUPPORT. MANAGER, LEASE ADMINISTRATION. MANAGER, LEASING SERVICES. MANAGER, LEGAL CONTRACTS ADMINISTRATION. MANAGER, MALL MEDIA IMPACT. MANAGER, NATIONAL SPECIALTY LEASING. MANAGER, OFFICE SERVICES. MANAGER, PLANNING & DESIGN. MANAGER, PRE-CONSTRUCTION SERVICES. MANAGER, PRO-