Moody's: Fashion Outlets of Niagara Falls partial release of collateral to have no negative ratings impact on COMM 2010-C1

New York, September 30, 2013 -- Moody's Investors Service ("Moody's") was informed that Macerich Niagara, LLC, the current borrower of the Fashion Outlets of Niagara Falls Loan ("the Loan"), has requested a Rating Agency Confirmation ("RAC") in connection with the borrower's plan to release a minor portion of the loan collateral to expand the mall (the "Plan"), which is to be carried out by the loan sponsor, The Macerich Company ("Macerich"). The expanded portion of the mall, while connected to and contiguous with the existing mall that collateralizes the Loan, will lie on a separate, adjacent parcel of land (the "Expansion Parcel").

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