Simon Property Group Inc operates as a REIT and invests in retail and commercial properties.
The real estate investment trust is domiciled in Indiana, the United States and its portfolio comprises of 133 properties across the country.
The REIT develops, owns, and manages various retail estate properties such as outlet centers, shopping malls, lifestyle or community centers, and other real estate properties. Its partnership subsidiary, SPG Group LP, owns all of the firm’s real estate and other assets.
The REIT trades on the New York Stock Exchange with symbol ‘SPG’.
The real estate investment trust also operates a mobile application to reportedly help shoppers to navigate to local Simon shopping centers, check latest events, balance, Simon premium outlet gift cards, etc.
The American REIT reportedly focuses on sustainability, ESG, diversity, etc.
The publicly listed REIT operates through following subsidiaries:
• The Retail Property Trust
• MS Management Associates
• Simon Property Group Inc
• Premium Outlets Partners LP
• SPG Mayflower
• SPG ML Holdings LLC
It claims to be included in the Disability Equality Index for 2021. The real estate portfolio comprises of over 200 shopping malls, outlet centers, and mills such as:
• Lenox Square
• Premium Outlets
• Grapevine Mills
• South Shore Plaza
• Woodbury common premium outlets
• Great Lake malls
• the Forum shops
The real estate investment trust aims to focus on the ownership of various high quality retail real estate to enhance the shopping experience with the help of investment and innovation. In addition, it claims to establish and maintain a direct relationship with the shoppers.
The American REIT further claims to participate in acquisitions, joint ventures, expansion, and redevelopment activities.
Simon Property Group Inc has 40 per cent interest in nine JV properties in Japan and 50 per cent interest in four such properties in South Korea. Apart from this, the real estate investment trust has equal operating interest in two properties each in Malaysia and Mexico.
225 West Washington Street Indianapolis, Indiana 46204