Rule 424(b)(3)
Registration No. 33-90818
PRICING SUPPLEMENT NO. 8
Dated July 24, 1996, to
Prospectus Supplement dated May 19, 1995, and
Prospectus dated April 25, 1995
THE TAUBMAN REALTY GROUP LIMITED PARTNERSHIP
MEDIUM-TERM NOTES
The Taubman Realty Group Limited Partnership ("TRG") hereby offers $20 million
aggregate principal amount of its Medium-Term Notes having the terms set forth
below (the "Notes"), as well as the additional terms set forth in the Prospectus
Supplement dated May 19, 1995. TRG may issue Medium-Term Notes having maturities
of more than nine months in an aggregate principal amount of up to $500 million.
After giving effect to the issuance of the Notes offered hereby and the issuance
of the other Medium-Term Notes being concurrently offered pursuant to a separate
pricing supplement, an aggregate principal amount of $173.4 million of
Medium-Term Notes has been issued to date. This Pricing Supplement No. 8 relates
only to the offering of the Notes described below.
Price to Public: 100%
Agent's Commission: 0.25%
Agent: Morgan Stanley & Co. Incorporated
Base Rate: LIBOR
Original Issue Date: July 26, 1996
Original Maturity Date: July 27, 1998
Interest Accrual Date: July 26, 1996
Index Maturity: Three Months
Interest Payment Dates: Third Wednesday of September, December, March, and June
and at maturity
Spread: plus 80 basis points
Initial Interest Rate: 6.425%
Interest Payment Period: Quarterly, except for the initial payment
Initial Interest Reset Date: September 18, 1996
Interest Reset Period: Quarterly
Reporting Service: LIBOR Telerate
Calculation Agent: The Chase Manhattan Bank
MWK-BH\134913.1
<PAGE>
Index Currency: United States Dollar
Specified Currency: United States Dollar
TRG intends to use the net proceeds from the sale of the Notes, together with
the net proceeds from the sale of $20 million aggregate principal amount of
other Medium-Term Notes being concurrently offered pursuant to a separate
pricing supplement, to prepay a $34.6 million, 9.73% mortgage encumbering one of
its wholly owned Shopping Centers, to pay a related prepayment penalty of
approximately $1.2 million, and for general working capital purposes.
MWK-BH\134913.1
- 2-
<PAGE>
