FACTBOX-UPDATE 1-Creditors of Stuyvesant Town & Peter Cooper V.

(Adds more information, in table, on creditors that have taken
writedowns)

NEW YORK, Jan 25 (Reuters) - A group led by Tishman Speyer
Properties LP is giving up control of the Stuyvesant Town and
Peter Cooper Village apartment complex in Manhattan to
creditors, marking the collapse of one of the largest
transactions during the U.S. real estate boom.

The 11,200-apartment property will be turned over to
creditors as the joint venture headed by Tishman and a unit of
BlackRock Inc (BLK.N) walks away from the deal.

The complex defaulted this month on $4.4 billion of debt
used to finance the purchase, and the property once thought to
be worth $5.4 billion, is now valued at $2 billion or less.
[ID:nN25170135]

The Tishman/BlackRock group paid about $6.29 billion to get
the properties, contributing $224 million to the complex. Some
$3 billion of mortgage debt from the properties, consisting of
10-year interest-only loans due in 2016, have been securitized
as commercial mortgage-backed securities (CMBS).

The following are some other creditors of the complex,
including some that have or plan to write down their
investments in the property:

CREDITOR AMOUNT INVESTED

Government of Singapore Investment Corp ......... $675 mln

California Public Employees Retirement System*....$500 mln

Winthrop Realty/Concord............$300 mln

Florida Retirement System Pension Plan*...........$250 mln

SL Green/Gramercy Capital......... $200 mln

Hartford Financial Services Group..$100 mln

Deutsche Genossenschafts-Hypothekenbank...........$100 mln

California State Teachers Retirement System*......$100 mln

Fannie Mae FNM.N.........Unspecified CMBS

Freddie Mac FRE.N........Unspecified CMBS

Church of England....Unknown

Allied Irish Banks PLC.....Unspecified loan

*Creditors that have already taken writedowns on the
investment
(Reporting by Chelsea Emery, Daniel Trotta, Albert Yoon and
Ilaina Jonas, Compiled by Emily Chasan; Editing by Steve
Orlofsky and Tim Dobbyn)