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Simon Property Group- (SPG)-ngages in the ownership, development, and management of retail real estate properties. Its real estate properties consist primarily of regional malls, Premium Outlet centers, The Mills, and community/lifestyle centers. As of December 31, 2007, the company owned or held an interest in 320 income-producing properties in the United States, which consisted of 168 regional malls, 38 Premium Outlet centers, 67 community/lifestyle centers, 37 properties acquired in the Mills acquisition, and 10 other shopping centers or outlet centers in 41 states and Puerto Rico. Simon Property Group was founded in 1960 and is headquartered in Indianapolis, Indiana. As a REIT, capital gains are accounted for differently, so please consult with a tax advisor.
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