Thursday, February 13, 2020

Breaking Down Simon’s Bet on Taubman

NREI
Last week rumors emerged that retail real estate giant Simon Property Group was contemplating acquiring Taubman Centers. On Monday, those rumors came to fruition when the Indianapolis-based REIT announced it had reached an agreement to acquire the Bloomfield Hills, Mich.-based company in a deal valued roughly $3.6 billion.

It marked an unexpected climax for two companies that have deep roots in the American mall industry. . . . more