Simon Properties

Simon Property Group, Inc.

Type	Public
Traded as	: SPG S&P 100 Component S&P 500 Component
Industry	Real estate investment trusts
Genre	Shopping malls lifestyle centers
Founded	1993; 24 years ago (1993)
Founder	Melvin Simon Herbert Simon Fred Simon
Headquarters	Indianapolis, Indiana, U.S.
Number of locations	United States Canada Japan Mexico South Korea Puerto Rico Malaysia
Key people	David E. Simon (chairman and CEO)
Revenue	USD$ 5.171 billion (2014)
Net income	USD$ 1.32 billion (2014)
Total assets	USD$ 33.325 billion (2014)
Number of employees	5,000+ (2010)
Subsidiaries	Simon Malls Premium Outlets The Mills Kravco (80%) Klépierre (29.8%)
Website	simon.com

Simon Property Group, Inc. is an American commercial real estate company in the United States and the largest real estate investment trust (REIT). It is also the largest shopping mall operator in America.

The company is a fully integrated real estate company which operates from five retail real estate platforms: regional malls, Premium Outlet Centers, The Mills, community/lifestyle centers and international properties. It currently owns or has an interest in more than 325 properties comprising approximately 241,000,000 square feet (22,400,000 m²) of gross leasable area in North America and Asia. The company is headquartered in Indianapolis, Indiana and employs more than 5,000 people worldwide. It is publicly traded on the NYSE under the symbol SPG and is part of the S&P 100.

Simon Property Group has been the subject of several lawsuits and investigations regarding civil rights and discrimination.

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, was founded in 1960 in Indianapolis, Indiana, and had long been one of the top shopping center developers in the United States.

In 1996, Simon DeBartolo Group was created when Simon Property merged with former rival DeBartolo Realty Corp. This was shortly after DeBartolo Realty became a publicly traded company encompassing the shopping mall interests of the Edward J. DeBartolo Sr. family, another leading developer. Simon DeBartolo rapidly acquired assets in the then-fragmented industry. Notable acquisitions included 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.