Power in Waiting Eli Simon at Simon Property Group

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News Source : Commercial Observer

News Summary

  • Simon Property Group (SPG) had an inarguably successful 2025.
  • In the second quarter of last year, the real estate investment trust boasted an annual rise in net income from $493.5 million to $556.1 million.
  • Back in 2020, the REIT lost about $1 billion in revenue in the throes of COVID closures.
  • As that annus horribilis ended, SPG plunked down $3.4 billion to buy 26 malls from Taubman Realty Group.
Less than two months ago, the unhappy news was announcedDavid Simon, the supreme tsar of everything mall related, had passed away at the extremely premature age of 64 of pancreatic cancer.SEE AL [+2315 chars]

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