Energy Management Services Taubman Centers, Inc Tender Offer On September 30, 1999, the Operating Partnership entered into multi-year agreements with affiliates of Enron  Corporation, for Enron Corporation to supply or manage all of the energy commodity requirements for the wholly-owned  Properties and to provide certain services in connection with our tenant electricity redistribution program. Subsequently,  many of our joint venture Properties entered into similar agreements. As a result of Enron Corporation’s December 2001  bankruptcy filing and ensuing failure to perform under the agreements, we assumed control over the management of our  energy assets throughout the Portfolio. On August 29, 2002, the United States Bankruptcy Court for the Southern District  of New York entered an order approving the terms of a negotiated settlement of all claims existing between our wholly  owned and joint venture Properties, and Enron Corporation. As a result, all parties have been legally relieved of performance  under the agreements. After reaching a negotiated settlement for both our and Enron Corporation’s pre and post petition  claims, and recognizing the unamortized portion of deferred revenue from a rate restructure agreement in 2001, we recorded  $8.6 million of revenue, net, in 2002 that is included in other income in the accompanying statement of operations and  comprehensive income. On December 5, 2002, Simon Property Acquisitions, Inc., our wholly-owned subsidiary, commenced a tender offer  to acquire all of the outstanding shares of Taubman Centers, Inc. (“Taubman”) and on January 15, 2003, Westfield America,  Inc., the U.S. subsidiary of Westfield America Trust, joined our tender offer. On October 8, 2003, we and Westfield America,  Inc. withdrew our joint tender offer. As a result we expensed deferred acquisition costs of $10.6 million, net, related to this  acquisition. These expenses are included in “Costs related to withdrawn tender offer” in the accompanying statement of  operations and comprehensive income. The withdrawal of the tender offer followed the enactment of a law, which amended  the Michigan Control Share Acquisitions Act and which allowed the Taubman family group to effectively block our ability  to conclude the tender offer.  The Management Company provides management, insurance, and other services to Melvin Simon & Associates, Inc.  (“MSA”), a related party, and other non-owned properties. Amounts for services provided by the Management Company  and its affiliates to our unconsolidated joint ventures and MSA were as follows: On December 28, 2000, Montgomery Ward LLC and certain of its related entities (“Ward”) filed a voluntary petition  for relief under Chapter 11 of the Bankruptcy Code. On March 1, 2001, Kimco Realty Corporation led the formation of  a limited liability company, Kimsward LLC (“Kimsward”). Kimsward acquired the right from the Bankruptcy Court to  designate persons or entities to whom the Ward real estate assets were to be sold. The Management Company’s interest in  Kimsward was 18.5%. During 2001 the Management Company recorded $18.3 million of equity in income from Kimsward.  In addition, in 2001 the Operating Partnership charged the Management Company a $5.7 million fee for services rendered  to the Management Company in connection with the Kimsward transactions, which is included in other income in the  accompanying statements of operations. The Management Company recorded $1.4 million of equity in income, before tax  for the year ended December 31, 2002. The remaining investment in Kimsward at December 31, 2003 is not material. NOTE 12. RELATED PARTY TRANSACTIONS For the year ended December 31,  2003 2002  2001 Amounts charged to unconsolidated joint ventures  $ 63,779 $ 55,199 $ 46,851 Amounts charged to properties owned by related parties  $  3,491 3,146 3,120 Amounts charged to MSA  $  1,250 $  1,250 $  1,250 77 2003 annual report