Simon Property Group

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Simon Property Group, Inc. (NYSE: SPG), also known as SIMON, an S&P 500 company headquartered in Indianapolis, Indiana, is the largest developer of shopping malls in the United States. Simon Property Group, Inc. operates as a real estate investment trust (REIT) engaged in the ownership, development and management of high-quality retail real estate, primarily regional malls, Premium Outlet centers and community/lifestyle centers. Through its subsidiary partnership, it owns or has an interest in approximately 285 properties in the United States comprising more than 200 million square feet of gross leasable area in 39 states, plus Puerto Rico. Simon Property Group also holds interests in 52 European shopping centers in France, Italy and Poland; five Premium Outlet centers in Japan; and one Premium Outlet center in Mexico. It currently has ownership interests in some of the most high-profile shopping malls in the world.

[edit] History

Simon Property Group was formed in 1993 when the majority of the shopping center interests of Melvin Simon & Associates became a publicly traded company. Melvin Simon & Associates, owned by brothers Melvin Simon and Herbert Simon, had been founded in 1960 in Indianpolis, Indiana, and had long been one of the top shopping center developers in the United States.

In 1996 Simon DeBartolo Group [1] was formed with Simon Property's merger with former rival DeBartolo Realty Corp. DeBartolo Realty had recently become a publicly traded company itself and encompassed the shopping mall interests of the Edward J. DeBartolo Sr. family, another leading developer. Simon DeBartolo rapidly acquired assets in the then fragmented industry, notably The Retail Property Trust and a group of properties held by IBM's pension plan in 1997 and Corporate Property Investors (CPI) in 1998. Following the CPI acquisition in 1998, the company announced it was reverting to its original name, Simon Property Group, as the DeBartolo family was resuming its private real-estate development operation, while retaining their interest in Simon.

Simon continued to be a prolific acquirer of shopping centers, including a portfolio from New England Development in 1999, several prime properties from Rodamco North America in 2002 (including Houston Galleria and SouthPark Mall), several high-profile properties such as Dadeland Mall, Fashion Valley Mall and Stanford Shopping Center, and in 2004 Chelsea Premium Outlets. In 2003 Simon became a co-owner of The Kravco Company, which changed its name to Kravco Simon. After years of litigation, Simon's interest in Mall of America was sold in late 2006 and management rights were terminated in early 2007. A partnership including Simon has agreed to acquire financially troubled The Mills Corporation.

Simon Property Group is the largest publicly traded retail real estate company in North America with a total market capitalization (equity and debt) of approximately $42 billion.

Contents

[edit] Mall properties

[edit] Alaska

  • Anchorage 5th Avenue Mall - Anchorage (management only, no ownership)

[edit] Arkansas

[edit] California

[edit] Chelsea Premium Outlets

  • Camarillo Premium Outlets - Camarillo
  • Carlsbad Premium Outlets - Carlsbad
  • Desert Hills Premium Outlets - Cabazon
  • Folsom Premium Outlets - Folsom
  • Gilroy Premium Outlets - Gilroy
  • Napa Premium Outlets - Napa
  • Petaluma Village Premium Outlets - Petaluma
  • Vacaville Premium Outlets - Vacaville

[edit] Colorado

  • Town Center at Aurora - Aurora

[edit] Connecticut

[edit] Florida

[edit] Georgia

[edit] Hawaii

  • Waikele Premium Outlets - Waipahu

[edit] Illinois

[edit] Indiana

[edit] Kansas

[edit] Maine

[edit] Maryland

  • Bowie Town Center - Bowie
  • St. Charles Town Center - Waldorf

[edit] Massachusetts

[edit] Chelsea Premium Outlets

[edit] Minnesota

[edit] Missouri

[edit] Nebraska

  • Crossroads Mall - Omaha

[edit] Nevada

[edit] New Hampshire

[edit] New Jersey

[edit] New Mexico

[edit] New York

[edit] Chelsea Premium Outlets

[edit] North Carolina

[edit] Ohio

[edit] Oklahoma

[edit] Pennsylvania

[edit] South Carolina

[edit] Tennessee

[edit] Texas

[edit] Virginia

[edit] Washington

[edit] Wisconsin

[edit] See also

[edit] External links

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