Opentopia Directory Encyclopedia Tools

Simon Property Group

Encyclopedia : S : SI : SIM : Simon Property Group


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.

Simon Property Group is the result of a merger between the original Simon Property Group (once known as Melvin Simon and Associates) and the DeBartolo Realty Group in 1996. It was originally known as the Simon DeBartolo Group [link]. Around 2000, Simon DeBartolo spun off DeBartolo's non-mall properties into a new DeBartolo Realty Group, reverted the mall properties to Simon Property Group, and created a new holding company for both, SD Property Group, Inc.

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

Mall properties

Alaska

California

Chelsea Premium Outlets

Colorado

Connecticut

Florida

Illinois

Indiana

Iowa

Maine

Maryland

Massachusetts

Minnesota

Missouri

Nebraska

New Hampshire

New Jersey

New Mexico

New York

Chelsea Premium Outlets

North Carolina

Ohio

Pennsylvania

South Carolina

Tennessee

Texas

Virginia

Washington

Wisconsin

External links

 


From Wikipedia, the Free Encyclopedia. Original article here. Support Wikipedia by contributing or donating.
All text is available under the terms of the GNU Free Documentation License See Wikipedia Copyrights for details.

Search Titles
0123456789
ABCDEFGHIJ
KLMNOPQRST
UVWXYZ?

E-mail this article to:

Personal Message: