Who owns the most malls in America?

Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana.

How many malls does Simon own in USA?

About Simon Property Group Inc (SPG)

It owns or holds an interest in approximately 196 income-producing properties in the United States, which consists of 94 malls, 69 Premium Outlets, 14 Mills, six lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico.

What brands does Simon own?

Simon also announced on the earnings call it increased its ownership of Authentic Brands Group, which also owns part of JCPenney and Forever 21, along with Brooks Brothers, Aéropostale and other brands.

Who is the CEO of Simon property?

Simon Property Group's CEO is David Simon, appointed in Jan 1995, has a tenure of 29.08 years. total yearly compensation is $35.67M, comprised of 3.5% salary and 96.5% bonuses, including company stock and options.

Who owns the most shares of Simon Property Group?

Simon Property Group Stock Ownership FAQ

Herbert Simon is the largest individual Simon Property Group shareholder, owning 4.31M shares representing 1.32% of the company. Herbert Simon's Simon Property Group shares are currently valued at $600.56M.

The Rise and Fall of American Malls

Which retailers does Simon own?

Sparc is co-owned by Simon and ABG, while Simon shares ownership in J.C. Penney with Brookfield. A year ago the company brought on former Paper Source CEO Winnie Park to address self-inflicted problems at Forever 21, he said. “We made some tactical mistakes at Forever 21.

Who owns mall of America?

It opened in 1992, and is the largest mall in the United States, the largest in the Western Hemisphere, and the twelfth largest shopping mall in the world. The mall is managed by the Triple Five Group (which in turn is owned by the Ghermezian family, along with the West Edmonton Mall and the American Dream).

Does Simon own forever 21?

Forever 21 is a multinational fast fashion retailer headquartered in Los Angeles, California, United States. Originally founded as the store Fashion 21 in Highland Park, Los Angeles in 1984, it is currently operated by Authentic Brands Group and Simon Property Group, with about 540 outlets.

What is the most famous mall in America?

Located outside Minneapolis, Mall of America draws 40 million visitors each year to its more than 520 shops and restaurants. Mall of America also boasts attractions beyond shopping, including a Nickelodeon theme park, an immersive Crayola Experience, an aquarium, and a flight simulator.

What is the biggest mall in world?

1. New South China Mall. The New South China Mall is located in Dongguan, China, and holds the distinction of being the world's largest mall in terms of gross leasable area. It has an expansive 6.46 million sq ft retail space, equivalent to 2300 stores.

What is the busiest mall in North America?

North America's busiest mall

CF Toronto Eaton Centre is North America's busiest shopping centre, welcoming millions of visitors from all around the world.

Who owns the most shopping malls?

Simon Property Group, the largest owner of shopping malls in the nation, is closing all of its malls and retail properties because of the coronavirus outbreak. The mall owner was forced to temporarily shut all of its centers in mid-March, to try to help curb the spread of Covid-19.

What does Simon property own?

Simon Property Group Inc (Simon Property) is a real estate investment trust (REIT). It owns, develops and manages retail real estate properties. Its portfolio comprises shopping, entertainment, dining and mixed-use destinations including premium outlets, malls, lifestyle centers and other retail properties.

Who owns the Triple 5 group?

Triple Five Group of Cos., which is owned by the Ghermezian family, priced $1.2 billion of four-year mortgage bonds to yield 7.791 per cent via a subsidiary, according to data compiled by Bloomberg.

How much is Mall America worth?

Mall of America's recent debt refinancing puts the megamall's value at more than $2 billion, making it Minnesota's most expensive piece of commercial real estate by a large margin.

How many malls are in the US?

What is the total number of shopping malls in the United States? As of 2021, there are approximately 1,100 shopping malls in the United States.

Does Simon own Aeropostale?

When mall giant Simon Property Group bought fashion retailer Aéropostale out of bankruptcy in 2016, it was seen by the market as an act of weakness, a short-term gamble from a company desperate to avoid a new swath of empty storefronts across its portfolio.

Who owns Short Hills Mall?

As used herein, the terms “Taubman,” “we,” “our,” and “us” refer to The Taubman Company, and “The Taubman Company" refers to and includes The Taubman Company LLC, the owner of the shopping center and their respective subsidiaries, owners, affiliates, officers, directors and employees.

What is the net worth of Simon Property Group?

Simon Property Group has a market cap or net worth of $45.00 billion as of February 5, 2024. Its market cap has increased by 8.95% in one year.

How much does Simon Property Group pay?

The average Simon Property Group salary ranges from approximately $46,514 per year for Tenant Coordinator to $185,000 per year for Senior Attorney. Salary information comes from 280 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.

Who started Simon Properties?

Melvin Simon (October 21, 1926 – September 16, 2009) was an American businessman and film producer, who co-founded the largest shopping mall company in the United States, the Simon Property Group, with his younger brother, Herb Simon.