Item 2. Properties

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Item 2. Properties

United States Properties

Our U.S. properties primarily consist of malls, Premium Outlets, The Mills, lifestyle centers and other retail properties. These properties contain an aggregate of approximately 184.2 million square feet of gross leasable area, or GLA.

Malls typically contain at least one traditional department store anchor or a combination of anchors and big box retailers with a wide variety of smaller stores connecting the anchors. Additional stores are usually located along the perimeter of the parking area. Our 108 malls are generally enclosed centers and range in size from approximately 465,000 to 2.6 million square feet of GLA. Our malls contain in the aggregate more than 13,700 occupied stores, including approximately 517 anchors, which are predominately national retailers.

Premium Outlets generally contain a wide variety of designer and manufacturer stores located in open-air centers. Our 71 Premium Outlets range in size from approximately 150,000 to 870,000 square feet of GLA. The Premium Outlets are generally located within a close proximity to major metropolitan areas and/or tourist destinations.

The 14 properties in The Mills generally range in size from 1.2 million to 2.3 million square feet of GLA and are located in major metropolitan areas. They have a combination of traditional mall, outlet center, and big box retailers and entertainment uses.

We also have interests in four lifestyle centers and 12 other retail properties. The lifestyle centers range in size from 160,000 to 900,000 square feet of GLA. The other retail properties range in size from approximately 150,000 to 730,000 square feet of GLA and are considered non-core to our business model. In total, the lifestyle centers and other retail properties represent approximately 1.0% of our total operating income before depreciation and amortization.

As of December 31, 2015, approximately 96.1% of the owned GLA in malls and Premium Outlets was leased and approximately 98.5% of the owned GLA for The Mills was leased.

We wholly own 137 of our properties, effectively control 13 properties in which we have a joint venture interest, and hold the remaining 59 properties through unconsolidated joint venture interests. We are the managing or co-managing general partner or member of 206 properties in the United States. Certain of our joint venture properties are subject to various rights of first refusal, buy-sell provisions, put and call rights, or other sale or marketing rights for partners which are customary in real estate partnership agreements and the industry. We and our partners in these joint ventures may initiate these provisions (subject to any applicable lock up or similar restrictions) which may result in either the sale of our interest or the use of available cash or borrowings, or the use of Operating Partnership units, to acquire the joint venture interest from our partner.

On April 13, 2015, we announced a joint venture with Sears Holdings, or Sears, whereby Sears contributed 10 of its properties located at our malls to the joint venture in exchange for a 50% noncontrolling interest in the joint venture. Seritage Growth Properties, or Seritage, a public REIT recently formed by Sears, now holds Sears' interest in the joint venture.

The following property table summarizes certain data for our malls, Premium Outlets, The Mills, lifestyle centers and other retail properties located in the United States, including Puerto Rico, as of December 31, 2015.

Simon Property Group, Inc. and Subsidiaries Property Table U.S. Properties


	Property Name	State	City (CBSA)	Ownership Interest (Expiration if Lease) (3)	Legal Ownership			Year Built or Acquired	Occupancy (5)			Total GLA		Retail Anchors and Selected Major Tenants
	Malls
1.	Apple Blossom Mall	VA	Winchester	Fee		49.1	% (4)	Acquired 1999		92.4%			473,103	Belk, JCPenney, Sears, Carmike Cinemas
2.	Auburn Mall	MA	Auburn	Fee		56.4	% (4)	Acquired 1999		99.4%			586,242	Macy's (9), Sears
3.	Aventura Mall (1)	FL	Miami Beach (Miami)	Fee		33.3	% (4)	Built 1983		96.8%			2,105,023	Bloomingdale's, Macy's (9), JCPenney, Sears, Nordstrom, Equinox Fitness Clubs, AMC Theatres
4.	Avenues, The	FL	Jacksonville	Fee		25.0	% (4)(2)	Built 1990		94.1%			1,113,547	Belk, Dillard's, JCPenney, Sears, Forever 21
5.	Bangor Mall	ME	Bangor	Fee		87.6	%	Acquired 2003		92.0%			652,622	Macy's, JCPenney, Sears, Dick's Sporting Goods
6.	Barton Creek Square	TX	Austin	Fee		100.0	%	Built 1981		99.9%			1,429,521	Nordstrom, Macy's, Dillard's (9), JCPenney, Sears, AMC Theatre
7.	Battlefield Mall	MO	Springfield	Fee and Ground Lease (2056)		100.0	%	Built 1970		94.1%			1,201,628	Macy's, Dillard's (9), JCPenney, Sears, MC Sporting Goods
8.	Bay Park Square	WI	Green Bay	Fee		100.0	%	Built 1980		91.4%			711,732	Younkers (9), Kohl's, ShopKo, Marcus Cinema 16
9.	Brea Mall	CA	Brea (Los Angeles)	Fee		100.0	%	Acquired 1998		97.2%			1,319,477	Nordstrom, Macy's (9), JCPenney, Sears
10.	Briarwood Mall	MI	Ann Arbor	Fee		50.0	% (4)	Acquired 2007		99.4%			979,005	Macy's, JCPenney, Sears, Von Maur, MC Sporting Goods
11.	Broadway Square	TX	Tyler	Fee		100.0	%	Acquired 1994		97.6%			627,562	Dillard's, JCPenney, Sears
12.	Burlington Mall	MA	Burlington (Boston)	Fee and Ground Lease (2048) (7)		100.0	%	Acquired 1998		95.6%			1,317,293	Macy's, Lord & Taylor, Sears, Nordstrom, Crate & Barrel, Primark (6)
13.	Cape Cod Mall	MA	Hyannis	Fee and Ground Leases (2029-2073) (7)		56.4	% (4)	Acquired 1999		93.5%			722,482	Macy's (9), Sears, Best Buy, Marshalls, Barnes & Noble, Regal Cinema
14.	Castleton Square	IN	Indianapolis	Fee		100.0	%	Built 1972		96.8%			1,381,813	Macy's, Von Maur, JCPenney, Sears, Dick's Sporting Goods, AMC Theatres
15.	Cielo Vista Mall	TX	El Paso	Fee and Ground Lease (2022) (7)		100.0	%	Built 1974		99.4%			1,245,876	Macy's, Dillard's (9), JCPenney, Sears, Cinemark Theatres
16.	Coconut Point	FL	Estero	Fee		50.0	% (4)	Built 2006		96.8%			1,205,033	Dillard's, Barnes & Noble, Bed Bath & Beyond, Best Buy, DSW, Office Max, PetsMart, Ross, Cost Plus World Market, T.J. Maxx, Hollywood Theatres, Super Target, Michael's, Sports Authority
17.	Coddingtown Mall	CA	Santa Rosa	Fee		50.0	% (4)	Acquired 2005		74.2%			823,563	Macy's, JCPenney, Whole Foods, Target, Nordstrom Rack (6)
18.	College Mall	IN	Bloomington	Fee and Ground Lease (2048) (7)		100.0	%	Built 1965		96.0%			636,593	Macy's, Sears (15), Target, Dick's Sporting Goods, Bed Bath & Beyond, 365 by Whole Foods (6)
19.	Columbia Center	WA	Kennewick	Fee		100.0	%	Acquired 1987		98.2%			772,469	Macy's (9), JCPenney, Sears, Barnes & Noble, Regal Cinema, DSW, Home Goods (6)
20.	Copley Place	MA	Boston	Fee		94.4	% (12)	Acquired 2002		86.3%			1,253,074	Neiman Marcus, Barneys New York
21.	Coral Square	FL	Coral Springs (Miami)	Fee		97.2	%	Built 1984		100.0	%		943,791	Macy's (9), JCPenney, Sears, Kohl's
22.	Cordova Mall	FL	Pensacola	Fee		100.0	%	Acquired 1998		98.7%			922,209	Dillard's, Belk, Best Buy, Bed Bath & Beyond, Cost Plus World Market, Ross, Dick's Sporting Goods
23.	Crystal Mall	CT	Waterford	Fee		78.2	% (4)	Acquired 1998		90.1%			783,502	Macy's, JCPenney, Sears, Bed Bath & Beyond, Christmas Tree Shops
24.	Dadeland Mall	FL	Miami	Fee		50.0	% (4)	Acquired 1997		99.4%			1,498,534	Saks Fifth Avenue, Nordstrom, Macy's (9), JCPenney
25.	Del Amo Fashion Center	CA	Torrance (Los Angeles)	Fee		50.0	% (4)	Acquired 2007		88.5%			2,576,164	Nordstrom, Macy's (9), JCPenney, Sears, Marshalls, T.J. Maxx, Barnes & Noble, JoAnn Fabrics, Crate & Barrel, L.A. Fitness, AMC Theatres, (8)
26.	Domain, The	TX	Austin	Fee		100.0	%	Built 2006		97.5%			1,233,550	Neiman Marcus, Macy's, Dillard's, Dick's Sporting Goods, iPic Theaters, Arhaus Furniture, Punch Bowl Social
27.	Dover Mall	DE	Dover	Fee and Ground Lease (2041) (7)		68.1	% (4)	Acquired 2007		93.3%			928,241	Macy's, JCPenney, Boscov's, Sears, Carmike Cinemas, Dick's Sporting Goods

Simon Property Group, Inc. and Subsidiaries Property Table U.S. Properties


	Property Name	State	City (CBSA)	Ownership Interest (Expiration if Lease) (3)	Legal Ownership			Year Built or Acquired	Occupancy (5)		Total GLA		Retail Anchors and Selected Major Tenants
28.	Emerald Square	MA	North Attleboro (Providence, RI)	Fee		56.4	% (4)	Acquired 1999		88.9%		1,022,439	Macy's (9), JCPenney, Sears
29.	Empire Mall	SD	Sioux Falls	Fee and Ground Lease (2033) (7)		100.0	%	Acquired 1998		92.7%		1,125,435	Macy's, Younkers, JCPenney, Sears, Gordmans, Hy-Vee, Dick's Sporting Goods
30.	Falls, The	FL	Miami	Fee		50.0	% (4)	Acquired 2007		96.8%		837,621	Bloomingdale's, Macy's, Regal Cinema, The Fresh Market
31.	Fashion Centre at Pentagon City, The	VA	Arlington (Washington, DC)	Fee		42.5	% (4)	Built 1989		99.5%		985,407	Nordstrom, Macy's
32.	Fashion Mall at Keystone, The	IN	Indianapolis	Fee and Ground Lease (2067) (7)		100.0	%	Acquired 1997		94.5%		711,985	Saks Fifth Avenue, Crate & Barrel, Nordstrom, Keystone Art Cinema
33.	Fashion Valley	CA	San Diego	Fee		50.0	% (4)	Acquired 2001		97.5%		1,720,549	Forever 21, Neiman Marcus, Bloomingdale's, Nordstrom, Macy's, JCPenney, AMC Theatres, The Container Store
34.	Firewheel Town Center	TX	Garland (Dallas)	Fee		100.0	%	Built 2005		94.2%		999,496	Dillard's, Macy's, Barnes & Noble, DSW, Cost Plus World Market, AMC Theatres, Dick's Sporting Goods, Ethan Allen, Toys 'R Us/Babies 'R Us
35.	Florida Mall, The	FL	Orlando	Fee		50.0	% (4)	Built 1986		96.3%		1,702,549	Macy's, Dillard's, JCPenney, Sears, H&M, Forever 21, Zara, American Girl, Dick's Sporting Goods, Crayola Experience
36.	Forum Shops at Caesars, The	NV	Las Vegas	Ground Lease (2050)		100.0	%	Built 1992		97.2%		679,665
37.	Galleria, The	TX	Houston	Fee		50.4	% (4)	Acquired 2002		98.3%		1,896,781	Saks Fifth Avenue (11), Neiman Marcus, Nordstrom, Macy's
38.	Greenwood Park Mall	IN	Greenwood (Indianapolis)	Fee		100.0	%	Acquired 1979		94.9%		1,288,128	Macy's, Von Maur, JCPenney, Sears, Dick's Sporting Goods, Barnes & Noble, Regal Cinema
39.	Haywood Mall	SC	Greenville	Fee and Ground Lease (2067) (7)		100.0	%	Acquired 1998		98.5%		1,237,008	Macy's, Dillard's, JCPenney, Sears, Belk
40.	Independence Center	MO	Independence (Kansas City)	Fee		100.0	%	Acquired 1994		94.3%		831,338	Dillard's, Macy's, Sears, Dick's Sporting Goods (6)
41.	Ingram Park Mall	TX	San Antonio	Fee		100.0	%	Built 1979		96.8%		1,120,324	Dillard's, Macy's, JCPenney, Sears, Bealls, (8)
42.	King of Prussia	PA	King of Prussia (Philadelphia)	Fee		100.0	%	Acquired 2003		95.6%		2,467,133	Neiman Marcus, Bloomingdale's, Nordstrom, Lord & Taylor, Macy's, JCPenney, Crate & Barrel, Arhaus Furniture, The Container Store, Dick's Sporting Goods, Primark
43.	La Plaza Mall	TX	McAllen	Fee and Ground Lease (2040) (7)		100.0	%	Built 1976		99.1%		1,224,444	Macy's (9), Dillard's, JCPenney, Joe Brand
44.	Lakeline Mall	TX	Cedar Park (Austin)	Fee		100.0	%	Built 1995		96.5%		1,097,549	Dillard's (9), Macy's, JCPenney, Sears, Regal Cinema
45.	Lehigh Valley Mall	PA	Whitehall	Fee		50.0	% (4)	Acquired 2003		98.4%		1,180,561	Macy's, JCPenney, Boscov's, Barnes & Noble, hhgregg, Babies 'R Us
46.	Lenox Square	GA	Atlanta	Fee		100.0	%	Acquired 1998		99.0%		1,559,575	Neiman Marcus, Bloomingdale's, Macy's
47.	Liberty Tree Mall	MA	Danvers (Boston)	Fee		49.1	% (4)	Acquired 1999		80.5%		856,043	Marshalls, Sports Authority, Target, Kohl's, Best Buy, Staples, AC Moore, AMC Theatres, Nordstrom Rack, Off Broadway Shoes, Sky Zone
48.	Livingston Mall	NJ	Livingston (New York)	Fee		100.0	%	Acquired 1998		94.2%		969,192	Macy's, Lord & Taylor, Sears, Barnes & Noble
49.	Mall at Rockingham Park, The	NH	Salem (Boston)	Fee		28.2	% (4)	Acquired 1999		97.8%		1,025,432	JCPenney, Sears, Macy's, Lord & Taylor, Dick's Sporting Goods
50.	Mall at Tuttle Crossing, The	OH	Dublin (Columbus)	Fee		50.0	% (4)	Acquired 2007		96.3%		1,125,111	Macy's (9), JCPenney, Sears
51.	Mall of Georgia	GA	Buford (Atlanta)	Fee		100.0	%	Built 1999		97.8%		1,818,410	Dillard's, Macy's, JCPenney, Belk, Dick's Sporting Goods, Barnes & Noble, Haverty's Furniture, Regal Cinema, Von Maur (6)
52.	Mall of New Hampshire, The	NH	Manchester	Fee		56.4	% (4)	Acquired 1999		94.8%		812,279	Macy's, JCPenney, Sears, Best Buy, AC Moore (15)
53.	McCain Mall	AR	N. Little Rock	Fee		100.0	%	Built 1973		94.6%		795,778	Dillard's, JCPenney, Sears, Regal Cinema
54.	Meadowood Mall	NV	Reno	Fee		50.0	% (4)	Acquired 2007		94.6%		844,614	Macy's (9), Sears, JCPenney, Dick's Sporting Goods (6)

Simon Property Group, Inc. and Subsidiaries Property Table U.S. Properties


	Property Name	State	City (CBSA)	Ownership Interest (Expiration if Lease) (3)	Legal Ownership			Year Built or Acquired	Occupancy (5)		Total GLA		Retail Anchors and Selected Major Tenants
55.	Menlo Park Mall	NJ	Edison (New York)	Fee		100.0	%	Acquired 1997		97.1%		1,334,285	Nordstrom, Macy's, Barnes & Noble, AMC Dine-In Theatre
56.	Miami International Mall	FL	Miami	Fee		47.8	% (4)	Built 1982		95.9%		1,083,419	Macy's (9), JCPenney, Sears, Kohl's
57.	Midland Park Mall	TX	Midland	Fee		100.0	%	Built 1980		98.7%		622,024	Dillard's (9), JCPenney, Sears, Bealls, Ross
58.	Miller Hill Mall	MN	Duluth	Fee		100.0	%	Built 1973		97.9%		832,509	JCPenney, Sears, Younkers, Barnes & Noble, DSW, Dick's Sporting Goods
59.	Montgomery Mall	PA	North Wales (Philadelphia)	Fee		79.4	%	Acquired 2003		87.8%		1,102,982	Macy's, JCPenney, Sears, Dick's Sporting Goods, Wegmans
60.	North East Mall	TX	Hurst (Dallas)	Fee		100.0	%	Built 1971		97.4%		1,669,001	Nordstrom, Dillard's, Macy's, JCPenney, Sears, Dick's Sporting Goods, Rave Theatre
61.	Northgate Mall	WA	Seattle	Fee		100.0	%	Acquired 1987		97.5%		1,046,088	Nordstrom, Macy's, JCPenney, Barnes & Noble, Bed Bath & Beyond, DSW, Nordstrom Rack
62.	Northshore Mall	MA	Peabody (Boston)	Fee		56.4	% (4)	Acquired 1999		92.0%		1,591,263	JCPenney, Sears, Nordstrom, Macy's (9), Barnes & Noble, Toys 'R Us, Shaw's Grocery, The Container Store, DSW
63.	Ocean County Mall	NJ	Toms River (New York)	Fee		100.0	%	Acquired 1998		94.6%		898,150	Macy's, Boscov's, JCPenney, Sears
64.	Orland Square	IL	Orland Park (Chicago)	Fee		100.0	%	Acquired 1997		97.8%		1,231,807	Macy's, Carson's, JCPenney, Sears, Dave & Buster's
65.	Oxford Valley Mall	PA	Langhorne (Philadelphia)	Fee		85.5	%	Acquired 2003		94.5%		1,331,501	Macy's, JCPenney, Sears, United Artists Theatre, (8)
66.	Penn Square Mall	OK	Oklahoma City	Ground Lease (2060)		94.5	%	Acquired 2002		99.0%		1,063,417	Macy's, Dillard's (9), JCPenney, AMC Theatres
67.	Pheasant Lane Mall	NH	Nashua	—		0.0	% (14)	Acquired 2002		95.5%		979,338	JCPenney, Sears, Target, Macy's, Dick's Sporting Goods
68.	Phipps Plaza	GA	Atlanta	Fee		100.0	%	Acquired 1998		92.0%		829,430	Saks Fifth Avenue, Nordstrom, Belk, AMC Theatres, Arhaus Furniture, Legoland Discovery Center
69.	Plaza Carolina	PR	Carolina (San Juan)	Fee		100.0	%	Acquired 2004		93.0%		1,157,878	JCPenney, Sears, Tiendas Capri, Econo, Best Buy, T.J. Maxx, DSW, Sports Authority
70.	Prien Lake Mall	LA	Lake Charles	Fee and Ground Lease (2040) (7)		100.0	%	Built 1972		98.9%		848,573	Dillard's, JCPenney, Sears, Cinemark Theatres, Kohl's, Dick's Sporting Goods
71.	Quaker Bridge Mall	NJ	Lawrenceville	Fee		50.0	% (4)	Acquired 2003		90.8%		1,083,990	Macy's, Lord & Taylor, JCPenney, Sears
72.	Rockaway Townsquare	NJ	Rockaway (New York)	Fee		100.0	%	Acquired 1998		94.6%		1,245,671	Macy's, Lord & Taylor, JCPenney, Sears, Raymour & Flanigan (6)
73.	Roosevelt Field	NY	Garden City (New York)	Fee and Ground Lease (2090) (7)		100.0	%	Acquired 1998		94.3%		2,266,455	Bloomingdale's (9), Nordstrom, Macy's, JCPenney, Dick's Sporting Goods, AMC Entertainment, XSport Fitness, Neiman Marcus (6)
74.	Ross Park Mall	PA	Pittsburgh	Fee		100.0	%	Built 1986		99.0%		1,245,828	JCPenney, Sears, Nordstrom, L.L. Bean, Macy's, Crate & Barrel
75.	Santa Rosa Plaza	CA	Santa Rosa	Fee		100.0	%	Acquired 1998		93.2%		692,405	Macy's, Sears, Forever 21
76.	Shops at Chestnut Hill, The	MA	Chestnut Hill (Boston)	Fee		94.4	%	Acquired 2002		98.0%		468,492	Bloomingdale's (9)
77.	Shops at Nanuet, The	NY	Nanuet	Fee		100.0	%	Redeveloped 2013		99.6%		757,928	Macy's, Sears, Fairway Market, Regal Cinema, 24 Hour Fitness
78.	Shops at Mission Viejo, The	CA	Mission Viejo (Los Angeles)	Fee		51.0	% (4)	Built 1979		96.7%		1,151,720	Nordstrom, Macy's (9), Forever 21
79.	Shops at Riverside, The	NJ	Hackensack (New York)	Fee		100.0	%	Acquired 2007		95.9%		659,665	Bloomingdale's, Barnes & Noble, Arhaus Furniture, AMC Theatre (6)
80.	Smith Haven Mall	NY	Lake Grove (New York)	Fee		25.0	% (4)(2)	Acquired 1995		94.2%		1,300,230	Macy's (9), JCPenney, Sears, Dick's Sporting Goods, Barnes & Noble
81.	Solomon Pond Mall	MA	Marlborough (Boston)	Fee		56.4	% (4)	Acquired 1999		95.5%		886,479	Macy's, JCPenney, Sears, Regal Cinema
82.	South Hills Village	PA	Pittsburgh	Fee		100.0	%	Acquired 1997		97.1%		1,120,615	Macy's (9), Sears, Barnes & Noble, Carmike Cinemas, Dick's Sporting Goods, Target, DSW, Ulta
83.	South Shore Plaza	MA	Braintree (Boston)	Fee		100.0	%	Acquired 1998		95.3%		1,588,916	Macy's, Lord & Taylor, Sears, Nordstrom, Target, DSW, Primark (6)

Simon Property Group, Inc. and Subsidiaries Property Table U.S. Properties


	Property Name	State	City (CBSA)	Ownership Interest (Expiration if Lease) (3)	Legal Ownership			Year Built or Acquired	Occupancy (5)			Total GLA			Retail Anchors and Selected Major Tenants
84.	Southdale Center	MN	Edina (Minneapolis)	Fee		100.0	%	Acquired 2007		91.2%			1,297,421		Macy's, JCPenney, AMC Theatres, Herberger's, Gordmans, Dave & Buster's
85.	SouthPark	NC	Charlotte	Fee and Ground Lease (2040) (10)		100.0	%	Acquired 2002		99.2%			1,676,152		Neiman Marcus, Nordstrom, Macy's, Dillard's, Belk, Dick's Sporting Goods, Crate & Barrel, The Container Store
86.	Southridge Mall	WI	Greendale (Milwaukee)	Fee		100.0	%	Acquired 2007		97.8%			1,177,109		JCPenney, Sears, Kohl's, Boston Store, Macy's
87.	Springfield Mall (1)	PA	Springfield (Philadelphia)	Fee		50.0	% (4)	Acquired 2005		88.1%			610,576		Macy's, Target
88.	Square One Mall	MA	Saugus (Boston)	Fee		56.4	% (4)	Acquired 1999		95.0%			929,848		Macy's, Sears, Best Buy, T.J. Maxx N More, Dick's Sporting Goods, WOW! Work Out World
89.	St. Charles Towne Center	MD	Waldorf (Washington, DC)	Fee		100.0	%	Built 1990		98.5%			980,618		Macy's (9), JCPenney, Sears, Kohl's, Dick Sporting Goods, AMC Theatres
90.	St. Johns Town Center	FL	Jacksonville	Fee		50.0	% (4)	Built 2005		100.0	%		1,390,791		Nordstrom, Dillard's, Arhaus Furniture, Dick's Sporting Goods, Barnes & Noble, Target, Ashley Furniture Home Store, Ross, Staples, DSW, JoAnn Fabrics, PetsMart
91.	Stanford Shopping Center (13)	CA	Palo Alto (San Jose)	Ground Lease (2054)		94.4	% (12)	Acquired 2003		99.4%			1,230,537		Neiman Marcus, Bloomingdale's, Nordstrom, Macy's (9), Crate and Barrel, The Container Store
92.	Stoneridge Shopping Center	CA	Pleasanton (San Francisco)	Fee		49.9	% (4)	Acquired 2007		99.7%			1,299,419		Macy's (9), Nordstrom, Sears, JCPenney
93.	Summit Mall	OH	Akron	Fee		100.0	%	Built 1965		89.2%			777,669		Dillard's (9), Macy's
94.	Tacoma Mall	WA	Tacoma (Seattle)	Fee		100.0	%	Acquired 1987		93.3%			1,334,694		Nordstrom, Macy's, JCPenney, Sears, Dick's Sporting Goods (6)
95.	Tippecanoe Mall	IN	Lafayette	Fee		100.0	%	Built 1973		93.5%			862,740		Macy's, JCPenney, Sears, Kohl's, Dick's Sporting Goods, hhgregg
96.	Town Center at Boca Raton	FL	Boca Raton (Miami)	Fee		100.0	%	Acquired 1998		99.8%			1,779,736		Saks Fifth Avenue, Neiman Marcus, Bloomingdale's, Nordstrom, Macy's, Sears, Crate & Barrel, The Container Store
97.	Town Center at Cobb	GA	Kennesaw (Atlanta)	Fee		100.0	%	Acquired 1998		95.8%			1,280,866		Belk, Macy's (9), JCPenney, Sears
98.	Towne East Square	KS	Wichita	Fee		100.0	%	Built 1975		93.1%			1,134,758		Dillard's, Von Maur, JCPenney, Sears
99.	Treasure Coast Square	FL	Jensen Beach	Fee		100.0	%	Built 1987		93.3%			876,257		Macy's, Dillard's, JCPenney, Sears, hhgregg, Regal Cinema
100.	Tyrone Square	FL	St. Petersburg (Tampa)	Fee		100.0	%	Built 1972		98.9%			1,100,081		Macy's, Dillard's, JCPenney, Sears, DSW, Cobb 10 Luxury Theatres (6)
101.	University Park Mall	IN	Mishawaka	Fee		100.0	%	Built 1979		97.2%			918,929		Macy's, JCPenney, Sears, Barnes & Noble
102.	Walt Whitman Shops	NY	Huntington Station (New York)	Fee and Ground Lease (2032) (7)		100.0	%	Acquired 1998		98.5%			1,089,488		Saks Fifth Avenue, Bloomingdale's, Lord & Taylor, Macy's, Zara
103.	West Town Mall	TN	Knoxville	Ground Lease (2042)		50.0	% (4)	Acquired 1991		99.1%			1,341,351		Belk (9), Dillard's, JCPenney, Sears, Regal Cinema
104.	Westchester, The	NY	White Plains (New York)	Fee		40.0	% (4)	Acquired 1997		99.5%			820,643		Neiman Marcus, Nordstrom, Crate and Barrel
105.	White Oaks Mall	IL	Springfield	Fee		80.7	%	Built 1977		88.7%			930,118		Macy's, Bergner's, Sears, Dick's Sporting Goods, hhgregg, LA Fitness
106.	Wolfchase Galleria	TN	Memphis	Fee		94.5	%	Acquired 2002		97.5%			1,151,673		Macy's, Dillard's, JCPenney, Sears, Malco Theatres
107.	Woodfield Mall	IL	Schaumburg (Chicago)	Fee		50.0	% (4)	Acquired 2012		95.8%			2,172,176		Nordstrom, Macy's, Lord & Taylor, JCPenney, Sears, Arhaus Furniture, Level 257
108.	Woodland Hills Mall	OK	Tulsa	Fee		94.5	%	Acquired 2002		97.0%			1,091,346		Macy's, Dillard's, JCPenney, Sears

	Total Mall GLA												122,723,550	(16)

Simon Property Group, Inc. and Subsidiaries Property Table U.S. Properties


	Property Name	State	City (CBSA)	Ownership Interest (Expiration if Lease) (3)	Legal Ownership			Year Built or Acquired	Occupancy (5)		Total GLA		Retail Anchors and Selected Major Tenants
	Premium Outlets
1.	Albertville Premium Outlets	MN	Albertville (Minneapolis)	Fee		100.0	%	Acquired 2004		94.9%		429,061	Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, Guess, Kenneth Cole, Loft Outlet, Lululemon, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, The North Face, Under Armour
2.	Allen Premium Outlets	TX	Allen (Dallas)	Fee		100.0	%	Acquired 2004		97.0%		441,781	Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Cole Haan, Columbia Sportswear, Gap Outlet, Guess, J.Crew, Lacoste, Last Call by Neiman Marcus, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger
3.	Aurora Farms Premium Outlets	OH	Aurora (Cleveland)	Fee		100.0	%	Acquired 2004		94.7%		285,309	Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Tommy Hilfiger, Under Armour
4.	Birch Run Premium Outlets	MI	Birch Run (Detroit)	Fee		100.0	%	Acquired 2010		90.6%		680,612	Adidas, Ann Taylor, Banana Republic, BCBG Max Azria, Brooks Brothers, Calvin Klein, Coach, Guess, J.Crew, Lacoste, Nike, Polo Ralph Lauren, Puma, Tommy Hilfiger, The North Face
5.	Calhoun Premium Outlets	GA	Calhoun	Fee		100.0	%	Acquired 2010		94.1%		254,062	Ann Taylor, Carter's, Coach, Gap Outlet, Gymboree, Nike, Polo Ralph Lauren, Tommy Hilfiger
6.	Camarillo Premium Outlets	CA	Camarillo (Los Angeles)	Fee		100.0	%	Acquired 2004		100.0%		675,334	Ann Taylor, Armani Outlet, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Diesel, Hugo Boss, Last Call by Neiman Marcus, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Tommy Hilfiger, Tory Burch
7.	Carlsbad Premium Outlets	CA	Carlsbad (San Diego)	Fee		100.0	%	Acquired 2004		100.0%		289,412	Adidas, Banana Republic, BCBG Max Azria, Calvin Klein, Coach, Cole Haan, DKNY, Elie Tahari, Gap Outlet, Lacoste, Michael Kors, Nike, Polo Ralph Lauren, Theory, Under Armour, Vince
8.	Carolina Premium Outlets	NC	Smithfield (Raleigh)	Fee		100.0	%	Acquired 2004		97.7%		438,815	Adidas, Banana Republic, Brooks Brothers, Coach, Gap Outlet, J.Crew, Levi's, Nike, Polo Ralph Lauren, Talbots, Tommy Hilfiger, Under Armour
9.	Charlotte Premium Outlets	NC	Charlotte	Fee		50.0	% (4)	Built 2014		98.7%		398,692	Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Cole Haan, Gap Outlet, Kate Spade, Michael Kors, Nike, Saks Fifth Avenue Off 5th, Under Armour
10.	Chicago Premium Outlets	IL	Aurora (Chicago)	Fee		100.0	%	Built 2004		87.1%		688,447	Abercrombie & Fitch, Adidas, Ann Taylor, Armani Outlet, A/X Armani Exchange, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Columbia Sportswear, Diesel, Gap Outlet, J.Crew, Kate Spade New York, Lacoste, Max Mara, Michael Kors, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, Tag Heuer, Theory, Under Armour, Vera Bradley
11.	Cincinnati Premium Outlets	OH	Monroe (Cincinnati)	Fee		100.0	%	Built 2009		98.5%		398,729	Adidas, Banana Republic, Brooks Brothers, Coach, Cole Haan, Gap Outlet, J.Crew, Lacoste, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Tommy Hilfiger, The North Face
12.	Clinton Crossing Premium Outlets	CT	Clinton	Fee		100.0	%	Acquired 2004		98.4%		276,227	Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Cole Haan, DKNY, Gap Outlet, J.Crew, Lucky Brand, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Talbots, Tommy Hilfiger, Tumi, Under Armour, Vera Bradley
13.	Columbia Gorge Premium Outlets	OR	Troutdale (Portland)	Fee		100.0	%	Acquired 2004		88.8%		163,741	Adidas, Carter's, Coach, Eddie Bauer, Gap Outlet, Gymboree, Levi's, Tommy Hilfiger
14.	Desert Hills Premium Outlets (13)	CA	Cabazon (Palm Springs)	Fee		100.0	%	Acquired 2004		99.7%		651,065	Alexander McQueen, Armani Outlet, Burberry, Coach, Gucci, Lacoste, Last Call by Neiman Marcus, Marc Jocobs, Nike, Polo Ralph Lauren, Prada, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, Theory, Tory Burch, True Religion, Yves Saint Laurent, Zegna
15.	Edinburgh Premium Outlets	IN	Edinburgh (Indianapolis)	Fee		100.0	%	Acquired 2004		98.0%		377,734	Abercrombie & Fitch, Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Calvin Klein, Coach, Express, Gap Outlet, J.Crew, Levi's, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour, White House Black Market

Simon Property Group, Inc. and Subsidiaries Property Table U.S. Properties


	Property Name	State	City (CBSA)	Ownership Interest (Expiration if Lease) (3)	Legal Ownership			Year Built or Acquired	Occupancy (5)			Total GLA		Retail Anchors and Selected Major Tenants
16.	Ellenton Premium Outlets	FL	Ellenton (Tampa)	Fee		100.0	%	Acquired 2010		98.8%			476,481	Ann Taylor, Adidas, Banana Republic, Calvin Klein, Coach, DKNY, J.Crew, Kate Spade New York, Kenneth Cole, Lacoste, Lucky Brand, Michael Kors, Movado, Nike, Puma, Saks Fifth Avenue Off 5th
17.	Folsom Premium Outlets	CA	Folsom (Sacramento)	Fee		100.0	%	Acquired 2004		97.3%			297,778	Adidas, BCBG Max Azria, Banana Republic, Calvin Klein, Coach, Eddie Bauer, Gap Outlet, Guess, Kenneth Cole, Loft Outlet, Nike, Tommy Hilfiger
18.	Gaffney Premium Outlets	SC	Gaffney (Greenville/Charlotte)	Fee		100.0	%	Acquired 2010		95.0%			359,839	Adidas, Ann Taylor, Banana Republic, Azria, Brooks Brothers, Coach, Gap Outlet, J.Crew, Michael Kors, Nike, Polo Ralph Lauren, Under Armour
19.	Gilroy Premium Outlets	CA	Gilroy (San Jose)	Fee		100.0	%	Acquired 2004		97.0%			578,172	Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Elie Tahari, Hugo Boss, J.Crew, Lululemon, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, The North Face, Tommy Hilfiger, True Religion
20.	Gloucester Premium Outlets	NJ	Blackwood (Philadelphia)	Fee		50.0	% (4)	Built 2015		90.2%			369,652	Adidas, American Eagle Outfitters, Armani Outlet, A/X Armani Exchange, Banana Republic, Calvin Klein, Columbia Sportswear, Express, Gap Outlet, Guess, Levi's, J. Crew, Loft Outlet, Nautica, Nike, Puma, Reebok, Tommy Hilfiger, Under Armour
21.	Grand Prairie Premium Outlets	TX	Grand Prairie (Dallas)	Fee		100.0	%	Built 2012		97.5%			417,177	Bloomingdale's The Outlet Store, Coach, Cole Haan, Hugo Boss, Kate Spade New York, J.Crew, Lucky Brand, Michael Kors, Nike, Saks Fifth Avenue Off 5th, Talbots, Tommy Hilfiger, Under Armour
22.	Grove City Premium Outlets	PA	Grove City (Pittsburgh)	Fee		100.0	%	Acquired 2010		100.0	%		531,289	American Eagle Outfitters, Ann Taylor, Banana Republic, BCBG Max Azria, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, Guess, J.Crew, Nike, Polo Ralph Lauren, The North Face, Under Armour, Vera Bradley
23.	Gulfport Premium Outlets	MS	Gulfport	Ground Lease (2059)		100.0	%	Acquired 2010		96.3%			300,238	Ann Taylor, Banana Republic, BCBG Max Azria, Coach, Gap Outlet, J.Crew, Nike, Polo Ralph Lauren, Talbots, Tommy Hilfiger, Under Armour
24.	Hagerstown Premium Outlets	MD	Hagerstown (Baltimore/Washington, DC)	Fee		100.0	%	Acquired 2010		91.4%			485,004	Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, Guess, J.Crew, Kate Spade New York, Loft Outlet, Nike, The North Face, Tommy Hilfiger, Under Armour
25.	Houston Premium Outlets	TX	Cypress (Houston)	Fee		100.0	%	Built 2008		98.9%			541,832	Ann Taylor, A/X Armani Exchange, Banana Republic, Burberry, Calvin Klein, Coach, Cole Haan, DKNY, Elie Tahari, Gap Outlet, J.Crew, Lucky Brand, Michael Kors, Nike, Saks Fifth Avenue Off 5th, Tommy Hilfiger, Tory Burch, Vera Bradley
26.	Jackson Premium Outlets	NJ	Jackson (New York)	Fee		100.0	%	Acquired 2004		98.1%			285,498	Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, Guess, J.Crew, Loft Outlet, Lucky Brand, Nike, Polo Ralph Lauren, Reebok, Talbots, Timberland, Tommy Hilfiger, Under Armour
27.	Jersey Shore Premium Outlets	NJ	Tinton Falls (New York)	Fee		100.0	%	Built 2008		100.0	%		434,389	Adidas, American Eagle Outfitters, Ann Taylor, A/X Armani Exchange, Banana Republic, Burberry, Brooks Brothers, Coach, Cole Haan, Columbia Sportswear, Diesel, DKNY, Eddie Bauer, Elie Tahari, Guess, J.Crew, Kate Spade New York, Lacoste, Lucky Brand, Michael Kors, Nike, Talbots, Theory, Tommy Hilfiger, True Religion, Under Armour, Ugg
28.	Johnson Creek Premium Outlets	WI	Johnson Creek	Fee		100.0	%	Acquired 2004		95.1%			276,373	Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Calvin Klein, Columbia Sportswear, Eddie Bauer, Gap Outlet, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour
29.	Kittery Premium Outlets	ME	Kittery	Fee and Ground Lease (2049) (7)		100.0	%	Acquired 2004		92.3%			259,174	Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Calvin Klein, Chico's, Coach, Columbia Sportswear, Gap Outlet, J.Crew, Movado, Nike, Polo Ralph Lauren, Reebok, Tommy Hilfiger
30.	Las Americas Premium Outlets	CA	San Diego	Fee		100.0	%	Acquired 2007		97.5%			555,800	Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, Guess, Hugo Boss, J.Crew, Nike, Polo Ralph Lauren, Reebok, Tommy Bahama, Tommy Hilfiger, True Religion, Under Armour

Simon Property Group, Inc. and Subsidiaries Property Table U.S. Properties


	Property Name	State	City (CBSA)	Ownership Interest (Expiration if Lease) (3)	Legal Ownership			Year Built or Acquired	Occupancy (5)			Total GLA		Retail Anchors and Selected Major Tenants
31.	Las Vegas North Premium Outlets	NV	Las Vegas	Fee		100.0	%	Built 2003		99.3%			675,616	Armani Outlet, A/X Armani Exchange, Ann Taylor, Banana Republic, Burberry, Coach, David Yurman, Diesel, Dolce & Gabbana, Elie Tahari, Etro, Hugo Boss, Lacoste, Last Call by Neiman Marcus, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, St. John, TAG Heuer, Ted Baker, True Religion
32.	Las Vegas South Premium Outlets	NV	Las Vegas	Fee		100.0	%	Acquired 2004		100.0	%		535,407	Adidas, Ann Taylor, Banana Republic, Bose, Brooks Brothers, Calvin Klein, Coach, DKNY, Gap Outlet, Kenneth Cole, Levi's, Michael Kors, Nike, Polo Ralph Lauren, Reebok, Tommy Hilfiger, Under Armour, Vera Bradley
33.	Lebanon Premium Outlets	TN	Lebanon (Nashville)	Fee		100.0	%	Acquired 2010		93.3%			227,283	Ann Taylor, Brooks Brothers, Coach, Eddie Bauer, Gap Outlet, Loft Outlet, Nike, Polo Ralph Lauren, Reebok, Samsonite
34.	Lee Premium Outlets	MA	Lee	Fee		100.0	%	Acquired 2010		96.4%			224,825	Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Chico's, Coach, Cole Haan, J.Crew, Lacoste, Levi's, Michael Kors, Nike, Polo Ralph Lauren, Talbots, Tommy Hilfiger, Under Armour
35.	Leesburg Corner Premium Outlets	VA	Leesburg (Washington, DC)	Fee		100.0	%	Acquired 2004		97.6%			478,217	Ann Taylor, Armani Outlet, Brooks Brothers, Burberry, Coach, Columbia Sportswear, Diesel, DKNY, Elie Tahari, Hugo Boss, Lacoste, Nike, Polo Ralph Lauren, Restoration Hardware, Saks Fifth Avenue Off 5th, Under Armour, Vera Bradley, Williams-Sonoma
36.	Liberty Village Premium Outlets	NJ	Flemington (New York)	Fee		100.0	%	Acquired 2004		77.8%			162,239	American Eagle Outfitters, Ann Taylor, Brooks Brothers, Calvin Klein, Coach, G.H. Bass & Co., J.Crew, Michael Kors, Polo Ralph Lauren, Timberland
37.	Lighthouse Place Premium Outlets	IN	Michigan City (Chicago, IL)	Fee		100.0	%	Acquired 2004		99.0%			454,730	Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, Guess, Hollister, J.Crew, Movado, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger, Under Armour
38.	Merrimack Premium Outlets	NH	Merrimack	Fee		100.0	%	Built 2012		98.6%			408,996	Ann Taylor, Banana Republic, Bloomingdale's The Outlet Store, Brooks Brothers, Calvin Klein, Coach, Cole Haan, Gap Outlet, J.Crew, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Talbots, Tommy Hilfiger, Under Armour, White House Black Market
39.	Napa Premium Outlets	CA	Napa	Fee		100.0	%	Acquired 2004		96.5%			179,176	Ann Taylor, Banana Republic, BCBG Max Azria, Brooks Brothers, Calvin Klein, Coach, Cole Haan, Gap Outlet, J.Crew, Lucky Brand, Michael Kors, Polo Ralph Lauren, Tommy Hilfiger
40.	North Bend Premium Outlets	WA	North Bend (Seattle)	Fee		100.0	%	Acquired 2004		96.4%			223,561	Banana Republic, Carter's, Coach, Eddie Bauer, Gap Outlet, Nike, PacSun, Under Armour, Van Heusen, VF Outlet
41.	North Georgia Premium Outlets	GA	Dawsonville (Atlanta)	Fee		100.0	%	Acquired 2004		97.9%			540,310	Ann Taylor, Armani Outlet, Banana Republic, Brooks Brothers, Burberry, Calvin Klein, Coach, Cole Haan, Elie Tahari, Hugo Boss, J.Crew, Kate Spade, Michael Kors, Nike, Polo Ralph Lauren, Restoration Hardware, Saks Fifth Avenue Off 5th, Talbots, The North Face, Tommy Hilfiger, Williams-Sonoma
42.	Orlando International Premium Outlets	FL	Orlando	Fee		100.0	%	Acquired 2010		99.7%			773,455	7 For All Mankind, Adidas, Banana Republic, Calvin Klein, Coach, DKNY, J.Crew, Kate Spade, Kenneth Cole, Lacoste, Last Call by Neiman Marcus, Michael Kors, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, The North Face, Tommy Hilfiger, True Religion, Victoria's Secret
43.	Orlando Vineland Premium Outlets	FL	Orlando	Fee		100.0	%	Acquired 2004		97.0%			656,610	Adidas, Armani Outlet, A/X Armani Exchange, Brunello Cucinelli, Burberry, Calvin Klein, Carolina Herrera, Coach, Cole Haan, Diesel, Fendi, Hugo Boss, J.Crew, Lacoste, Michael Kors, Nike, Prada, Polo Ralph Lauren, Roberto Cavalli, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, TAG Heuer, The North Face, Tod's, Tory Burch, Vera Bradley, Zegna

Simon Property Group, Inc. and Subsidiaries Property Table U.S. Properties


	Property Name	State	City (CBSA)	Ownership Interest (Expiration if Lease) (3)	Legal Ownership			Year Built or Acquired	Occupancy (5)			Total GLA		Retail Anchors and Selected Major Tenants
44.	Osage Beach Premium Outlets	MO	Osage Beach	Fee		100.0	%	Acquired 2004		86.6%			390,311	Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Eddie Bauer, Gap Outlet, Levi's, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour
45.	Petaluma Village Premium Outlets	CA	Petaluma (San Francisco)	Fee		100.0	%	Acquired 2004		100.0	%		201,666	Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Coach, Gap Outlet, Nike, Puma, Saks Fifth Avenue Off 5th, Tommy Hilfiger
46.	Philadelphia Premium Outlets	PA	Limerick (Philadelphia)	Fee		100.0	%	Built 2007		99.1%			549,137	Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Cole Haan, Diesel, Elie Tahari, Gap Outlet, Guess, J.Crew, Last Call by Neiman Marcus, Loft Outlet, Michael Kors, Movado, Nike, Polo Ralph Lauren, Puma, Restoration Hardware, Theory, Under Armour, Vera Bradley, Ugg
47.	Phoenix Premium Outlets	AZ	Chandler (Phoenix)	Ground Lease (2077)		100.0	%	Built 2013		97.7%			356,497	Banana Republic, Brooks Brothers, Calvin Klein, Coach, Elie Tahari, Gap Factory Store, Hugo Boss, Lucky Brand, Michael Kors, Nike, Saks Fifth Avenue Off 5th, Tommy Bahama, Tommy Hilfiger, Under Armour
48.	Pismo Beach Premium Outlets	CA	Pismo Beach	Fee		100.0	%	Acquired 2010		100.0	%		147,416	Calvin Klein, Carter's, Coach, Guess, Levi's, Nike, Nine West, Quiksilver, Skechers, Tommy Hilfiger, Van Heusen
49.	Pleasant Prairie Premium Outlets	WI	Pleasant Prairie (Chicago, IL/Milwaukee)	Fee		100.0	%	Acquired 2010		96.3%			402,537	Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Cole Haan, Gap Outlet, Hugo Boss, Kate Spade, J.Crew, Lacoste, Loft Outlet, Michael Kors, Nike, Polo Ralph Lauren, St. John, The North Face, Under Armour, Ugg
50.	Puerto Rico Premium Outlets	PR	Barceloneta	Fee		100.0	%	Acquired 2010		97.3%			350,005	Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, BCBG Max Azria, Calvin Klein, Coach, Disney Store Outlet, Gap Outlet, Guess, Kenneth Cole, Lacoste, Loft Outlet, Michael Kors, Nike, Polo Ralph Lauren, Puma, Tommy Hilfiger
51.	Queenstown Premium Outlets	MD	Queenstown (Baltimore)	Fee		100.0	%	Acquired 2010		95.4%			289,547	Adidas, Banana Republic, BCBG Max Azria, Brooks Brothers, Calvin Klein, Coach, Columbia Sportswear, J.Crew, Kate Spade New York, Loft Outlet, Michael Kors, Nike, Polo Ralph Lauren, St. John, Talbots, Tommy Bahama, Under Armour
52.	Rio Grande Valley Premium Outlets	TX	Mercedes (McAllen)	Fee		100.0	%	Built 2006		98.9%			604,105	Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, BCBG Max Azria, Burberry, Calvin Klein, Coach, DKNY, Express, Gap Outlet, Guess, Hugo Boss, Loft Outlet, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Tommy Hilfiger, True Religion, Under Armour, VF Outlet
53.	Round Rock Premium Outlets	TX	Round Rock (Austin)	Fee		100.0	%	Built 2006		98.0%			488,678	Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Burberry, Calvin Klein, Coach, Gap Outlet, Guess, J.Crew, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour
54.	San Francisco Premium Outlets	CA	Livermore (San Francisco)	Fee and Ground Lease (2021) (10)		100.0	%	Built 2012		96.3%			696,980	All Saints, A/X Armani Exchange, Bloomingdale's The Outlet Store, CH Carolina Herrera, Coach, Gucci, Kate Spade New York, J.Crew, Lacoste, Last Call by Neiman Marcus, MaxMara, Michael Kors, Prada, Saks Fifth Avenue Off 5th, Ted Baker, The North Face, Tommy Hilfiger, Tory Burch, Versace, Vince
55.	San Marcos Premium Outlets	TX	San Marcos (Austin/San Antonio)	Fee		100.0	%	Acquired 2010		99.4%			732,273	Banana Republic, Cole Haan, Diane Von Furstenberg, Gucci, Hugo Boss, J. Crew, Kate Spade, Lacoste, Last Call by Neiman Marcus, Michael Kors, Pottery Barn, Prada, Restoration Hardware, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, The North Face, Tommy Bahama, Ugg, Victoria's Secret

Simon Property Group, Inc. and Subsidiaries Property Table U.S. Properties


	Property Name	State	City (CBSA)	Ownership Interest (Expiration if Lease) (3)	Legal Ownership			Year Built or Acquired	Occupancy (5)		Total GLA		Retail Anchors and Selected Major Tenants
56.	Seattle Premium Outlets	WA	Tulalip (Seattle)	Ground Lease (2079)		100.0	%	Built 2005		98.7%		554,809	Abercrombie, Adidas, Ann Taylor, Banana Republic, Burberry, Calvin Klein, Coach, Elie Tahari, Hugo Boss, J.Crew, Michael Kors, Nike, Polo Ralph Lauren, Restoration Hardware, The North Face, Tommy Bahama, Tommy Hilfiger, Under Armour
57.	Silver Sands Premium Outlets	FL	Destin	Fee		50.0	% (4)	Acquired 2012		93.7%		451,219	Adidas, American Eagle Outfitters, Ann Taylor, Armani Outlet, Banana Republic, Brooks Brothers, Coach, Cole Haan, Columbia Sportswear, Dooney & Bourke, J.Crew, Michael Kors, Movado, Nike, Saks Fifth Avenue Off 5th, The North Face, Tommy Hilfiger, Under Armour
58.	St. Augustine Premium Outlets	FL	St. Augustine (Jacksonville)	Fee		100.0	%	Acquired 2004		96.3%		329,059	Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, J.Crew, Movado, Nike, Polo Ralph Lauren, Puma, Reebok, Tommy Bahama, Tommy Hilfiger, Under Armour
59.	St. Louis Premium Outlets	MO	St. Louis (Chesterfield)	Fee		60.0	% (4)	Built 2013		99.0%		351,513	Ann Taylor, BCBG Max Azria, Coach, Columbia Sportswear, Crabtree & Evelyn, Elie Tahari, J. Crew, Kate Spade New York, Michael Kors, Nike, Saks Fifth Avenue Off 5th, St. John, Tommy Hilfiger, Ugg, Under Armour, Vera Bradley
60.	Tampa Premium Outlets	FL	Lutz (Tampa)	Fee		100.0	%	Built 2015		90.7%		441,248	Adidas, American Eagle Outfitters, Ann Taylor, Banana Rebublic, Brooks Brothers, Calvin Klein, Coach, Cole Hahn, Columbia Sportswear, Gap Outlet, Guess, J. Crew, Lucky Brand, Michael Kors, Nike, Polo Ralph Lauren, Puma, Reebok, Saks 5th Avenue Off 5th, Tommy Hilfiger, Under Armour, Vera Bradley
61.	Tanger Outlets — Galveston/Houston (1)	TX	Texas City	Fee		50.0	% (4)	Built 2012		96.3%		352,705	Banana Republic, Brooks Brothers, Coach, Gap Outlet, J. Crew, Kenneth Cole, Michael Kors, Nike, Reebok, Tommy Hilfiger, White House Black Market
62.	The Crossings Premium Outlets	PA	Tannersville	Fee and Ground Lease (2019) (7)		100.0	%	Acquired 2004		98.3%		411,717	Abercrombie & Fitch, Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Cole Haan, Guess, J.Crew, Kate Spade, Nike, Polo Ralph Lauren, The North Face, Timberland, Tommy Hilfiger, Under Armour
63.	Tucson Premium Outlets	AZ	Marana (Tucson)	Fee		100.0	%	Built 2015		84.6%		367,192	Adidas, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Express, Forever 21, Gap Outlet, Guess, J. Crew, Levi's, Michael Kors, Nike, Saks 5th Avenue Off 5th, Skechers, Tommy Hilfiger, Under Armour
64.	Twin Cities Premium Outlets	MN	Eagan	Fee		35.0	% (4)	Built 2014		99.2%		408,944	Adidas, Ann Taylor, Armani Outlet, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, J. Crew, Michael Kors, Movado, Nike, Robert Graham, Saks Fifth Avenue Off 5th, Talbots, True Religion, Under Armour, Vera Bradley
65.	Vacaville Premium Outlets	CA	Vacaville	Fee		100.0	%	Acquired 2004		99.0%		440,113	Adidas, Ann Taylor, Banana Republic, Calvin Klein, Coach, Cole Haan, Columbia Sportswear, DKNY, Gucci, J.Crew, Michael Kors, Nike, Polo Ralph Lauren, Restoration Hardware, Tommy Bahama, Tommy Hilfiger
66.	Waikele Premium Outlets (13)	HI	Waipahu (Honolulu)	Fee		100.0	%	Acquired 2004		95.5%		219,144	A/X Armani Exchange, Banana Republic, Calvin Klein, Coach, Guess, Michael Kors, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Tommy Bahama, Tommy Hilfiger, True Religion

Simon Property Group, Inc. and Subsidiaries Property Table U.S. Properties


	Property Name	State	City (CBSA)	Ownership Interest (Expiration if Lease) (3)	Legal Ownership			Year Built or Acquired	Occupancy (5)		Total GLA		Retail Anchors and Selected Major Tenants
67.	Waterloo Premium Outlets	NY	Waterloo	Fee		100.0	%	Acquired 2004		96.8%		417,823	Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Chico's, Coach, Columbia Sportswear, Gap Outlet, J.Crew, Levi's, Loft Outlet, Nike, Polo Ralph Lauren, Puma, Talbots, Timberland, Tommy Hilfiger, Under Armour, VF Outlet
68.	Williamsburg Premium Outlets	VA	Williamsburg	Fee		100.0	%	Acquired 2010		96.6%		522,201	Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Burberry, Calvin Klein, Coach, Cole Haan, Columbia Sportswear, Dooney & Bourke, Hugo Boss, J.Crew, Kate Spade New York, Loft Outlet, Lucky Brand, Michael Kors, Nike, Polo Ralph Lauren, Talbots, The North Face, Tommy Bahama, Tommy Hilfiger, True Religion, Under Armour
69.	Woodburn Premium Outlets	OR	Woodburn (Portland)	Fee		100.0	%	Acquired 2013		98.7%		389,732	Adidas, Ann Taylor, Banana Republic, Cole Haan, Eddie Bauer, Fossil, Gap Outlet, J. Crew, Max Studio, Nike, The North Face, Polo Ralph Lauren, Puma, Tommy Hilfiger
70.	Woodbury Common Premium Outlets (13)	NY	Central Valley (New York)	Fee		100.0	%	Acquired 2004		97.5%		869,143	Armani Outlet, Balenciega, Brioni, Brunello Cucinelli, Burberry, Canali, Chloe, Coach, Dior, Dolce & Gabbana, Dunhill, Fendi, Gucci, Hugo Boss, Lacoste, Last Call by Neiman Marcus, Moncler, Nike, Oscar de la Renta, Polo Ralph Lauren, Prada, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, Theory, Tod's, Tom Ford, Tory Burch, Valentino, Versace, Yves St. Laurent
71.	Wrentham Village Premium Outlets	MA	Wrentham (Boston)	Fee		100.0	%	Acquired 2004		99.6%		660,091	All Saints, Ann Taylor, Armani Outlet, Banana Republic, Barneys New York, Bloomingdale's The Outlet Store, Brooks Brothers, Burberry, Calvin Klein, Coach, Cole Haan, DKNY, Elie Tahari, Hugo Boss, J.Crew, Kate Spade, Lacoste, Michael Kors, Movado, Nike, Polo Ralph Lauren, Restoration Hardware, Robert Graham, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, Ted Baker, Theory, Tommy Hilfiger, Tory Burch, True Religion, Under Armour, Vineyard Vines

	Total U.S. Premium Outlets GLA											30,553,947

Simon Property Group, Inc. and Subsidiaries Property Table U.S. Properties


	Property Name	State	City (CBSA)	Ownership Interest (Expiration if Lease) (3)	Legal Ownership			Year Built or Acquired	Occupancy (5)		Total GLA		Retail Anchors and Selected Major Tenants
	The Mills
1.	Arizona Mills	AZ	Tempe (Phoenix)	Fee		100.0	%	Acquired 2007		98.5%		1,239,488	Marshalls, Last Call by Neiman Marcus, Burlington Coat Factory, Sears Appliance Outlet, Gameworks (15), Sports Authority, Ross, At Home, Group USA, Harkins Cinemas & IMAX, Sea Life Center, Conn's, Legoland (6)
2.	Arundel Mills	MD	Hanover (Baltimore)	Fee		59.3	% (4)	Acquired 2007		100.0%		1,662,860	Bass Pro Shops Outdoor World, Bed Bath & Beyond, Best Buy, Books-A-Million, Burlington Coat Factory, The Children's Place, Dave & Buster's, F.Y.E., H&M, Medieval Times, Modell's, Last Call by Neiman Marcus, Saks Fifth Avenue Off 5th, Off Broadway Shoe Warehouse, T.J. Maxx, Cinemark Egyptian 24 Theatres, Maryland Live! Casino, Forever 21
3.	Colorado Mills	CO	Lakewood (Denver)	Fee		37.5	% (4)	Acquired 2007		96.5%		1,410,712	Forever 21, Jumpstreet, Last Call by Neiman Marcus, Off Broadway Shoe Warehouse, Saks Fifth Avenue Off 5th, Sports Authority, Super Target, United Artists Theatre, Burlington Coat Factory, H&M
4.	Concord Mills	NC	Concord (Charlotte)	Fee		59.3	% (4)	Acquired 2007		99.7%		1,344,807	Bass Pro Shops Outdoor World, Books-A-Million, Burlington Coat Factory, Saks Fifth Avenue Off 5th (15), The Children's Place Outlet, Dave & Buster's, Nike Factory Store, T.J. Maxx, Group USA, Sun & Ski, VF Outlet, Off Broadway Shoes, Bed Bath & Beyond, AMC Theatres, Best Buy, Forever 21, Sea Life Center, H&M (6)
5.	Grapevine Mills	TX	Grapevine (Dallas)	Fee		59.3	% (4)	Acquired 2007		98.9%		1,780,928	Bed Bath & Beyond, Burlington Coat Factory, The Children's Place, Group USA, Marshalls, Nike Factory Store, Saks Fifth Avenue Off 5th, AMC Theatres, Sun & Ski Sports, Last Call by Neiman Marcus, Sears Appliance Outlet, Bass Pro Shops Outdoor World, Off Broadway Shoes, VF Outlet, Legoland Discovery Center, Sea Life Center, Ross, H&M, Round 1 Entertainment (6)
6.	Great Mall	CA	Milpitas (San Jose)	Fee		100.0	%	Acquired 2007		99.8%		1,365,129	Last Call by Neiman Marcus, Sports Authority, Group USA, Kohl's, Dave & Busters, Sears Appliance Outlet, Burlington Coat Factory, Marshalls, Saks Fifth Avenue Off 5th, Nike Factory Store, Century Theatres, Bed Bath & Beyond, Off Broadway Shoes, Uniqlo
7.	Gurnee Mills	IL	Gurnee (Chicago)	Fee		100.0	%	Acquired 2007		97.6%		1,935,843	Bass Pro Shops Outdoor World, Bed Bath & Beyond/Buy Buy Baby, Burlington Coat Factory, Kohl's, Marshalls Home Goods, Saks Fifth Avenue Off 5th, Rinkside, Sears Grand, Sports Authority, T.J. Maxx, VF Outlet, Marcus Cinemas, Last Call by Neiman Marcus, Value City Furniture, Shoppers World, Off Broadway Shoe Warehouse, Macy's
8.	Katy Mills	TX	Katy (Houston)	Fee		62.5	% (4) (2)	Acquired 2007		98.9%		1,789,953	Bass Pro Shops Outdoor World, Bed Bath and Beyond, Books-A-Million, Burlington Coat Factory, Jumpstreet, Marshalls, Last Call by Neiman Marcus, Nike Factory Store, Saks Fifth Avenue Off 5th, Sun & Ski Sports, AMC Theatres, Off Broadway Shoes, Tilt, Ross, H&M
9.	Mills at Jersey Gardens, The	NJ	Elizabeth	Fee		100.0	%	Acquired 2015		98.8%		1,304,142	Bed Bath & Beyond, Burlington Coat Factory, Century 21 Department Store, Cohoes, Forever 21, Group USA, Last Call Neiman Marcus, Loews Theatres, Marshalls, Modell's, Nike Factory Store, Saks 5th Avenue Off 5th, Tommy Hilfiger, VF Outlet
10.	Ontario Mills	CA	Ontario (Riverside)	Fee		50.0	% (4)	Acquired 2007		99.5%		1,366,633	Burlington Coat Factory, Nike Factory Store, Gameworks, The Children's Place Outlet, Marshalls, Saks Fifth Avenue Off 5th, Nordstrom Rack, Dave & Busters, Group USA, Sam Ash Music, Off Broadway Shoes, AMC Theatres, Sports Authority, Forever 21, Last Call by Neiman Marcus (15), Uniqlo (6), (8)

Simon Property Group, Inc. and Subsidiaries Property Table U.S. Properties


	Property Name	State	City (CBSA)	Ownership Interest (Expiration if Lease) (3)	Legal Ownership			Year Built or Acquired	Occupancy (5)			Total GLA		Retail Anchors and Selected Major Tenants
11.	Opry Mills	TN	Nashville	Fee		100.0	%	Acquired 2007		96.9%			1,153,697	Regal Cinema & IMAX, Dave & Busters, VF Outlet, Sun & Ski, Bass Pro Shops Outdoor World, Forever 21, Bed Bath & Beyond, Saks Fifth Avenue Off 5th, Off Broadway Shoes, H&M
12.	Outlets at Orange, The	CA	Orange (Los Angeles)	Fee		50.0	% (4)	Acquired 2007		99.4%			806,295	Dave & Buster's, Vans Skatepark, Lucky Strike Lanes, Saks Fifth Avenue Off 5th, AMC Theatres, Nike Factory Store, Last Call by Neiman Marcus, Off Broadway Shoes, Nordstrom Rack, Sports Authority, H&M, Forever 21
13.	Potomac Mills	VA	Woodbridge (Washington, DC)	Fee		100.0	%	Acquired 2007		98.8%			1,530,314	Group USA, Marshalls, T.J. Maxx, Sears Appliance Outlet, JCPenney, Burlington Coat Factory, Off Broadway Shoe Warehouse, Nordstrom Rack, Saks Fifth Avenue Off 5th Outlet, Costco Warehouse, The Children's Place, AMC Theatres, Modell's Sporting Goods, Books-A-Million, H&M, Last Call by Neiman Marcus, XXI Forever, Bloomingdale's Outlet, Buy Buy Baby/and That!
14.	Sawgrass Mills	FL	Sunrise (Miami)	Fee		100.0	%	Acquired 2007		96.5%			2,252,947	American Signature Home (15), Bed Bath & Beyond, Brandsmart USA, Burlington Coat Factory, Gameworks, Marshalls, Last Call by Neiman Marcus, Nike Factory Store, Nordstrom Rack, Saks Fifth Avenue Off 5th, Ron Jon Surf Shop, Sports Authority, Super Target, T.J. Maxx (11), Urban Planet, VF Factory Outlet (15), F.Y.E., Off Broadway Shoes, Regal Cinema, Bloomingdale's Outlet, Forever 21, Century 21 Department Store (6), H&M (6)

	Total Mills Properties GLA												20,943,748

	Lifestyle Centers
1.	ABQ Uptown	NM	Albuquerque	Fee		100.0	%	Acquired 2011		98.9%			230,026
2.	Hamilton Town Center	IN	Noblesville (Indianapolis)	Fee		50.0	% (4)	Built 2008		91.1%			672,896	JCPenney, Dick's Sporting Goods, Stein Mart, Bed Bath & Beyond, DSW, Hamilton 16 IMAX, Earth Fare
3.	Pier Park	FL	Panama City Beach	Fee		65.6	% (4)	Built 2008		96.4%			895,790	Dillard's, JCPenney, Target, Grand Theatres, Ron Jon Surf Shop, Margaritaville, Marshalls, Dave & Buster's
4.	University Park Village	TX	Fort Worth	Fee		100.0	%	Acquired 2015		100.0	%		160,077	Anthropologie, Pottery Barn

	Total Lifestyle Centers GLA												1,958,789



	Other Properties
1.	Circle Centre	IN	Indianapolis	Property Lease (2097)		14.7	% (4) (2)	Built 1995		89.7%			729,398	Carson's, United Artists Theatre, Indianapolis Star, Nada (6), Punch Bowl Social (6)
2.	Florida Keys Outlet Center	FL	Florida City	Fee		100.0	%	Acquired 2010		92.8%			206,325	American Eagle, Carter's, Coach, Gap Outlet, Guess, Nike, Nine West, OshKosh B'gosh, Skechers, Tommy Hilfiger
3.	Greendale Mall	MA	Worcester	Fee and Ground Lease (2019) (7)		56.4	% (4)	Acquired 1999		80.1%			428,864	T.J. Maxx 'N More, Best Buy, DSW, Big Lots
4.	Huntley Outlet Center	IL	Huntley	Fee		100.0	%	Acquired 2010		56.2%			278,909	Ann Taylor, Banana Republic, Bose, Calvin Klein, Carter's, Eddie Bauer, Gap Outlet, Guess, Reebok, Tommy Hilfiger
5.	Lincoln Plaza	PA	King of Prussia (Philadelphia)	Fee		85.5%		Acquired 2003		100.0	%		264,835	AC Moore, Michaels, T.J. Maxx, Home Goods, hhgregg, American Signature Furniture, DSW, Nordstrom Rack (6)
6.	Naples Outlet Center	FL	Naples	Fee		100.0	%	Acquired 2010		66.5%			146,047	Ann Taylor, Bass, Coach, L'eggs/Hanes/Bali/Playtex, Loft Outlet, Samsonite, Van Heusen
7.	Outlet Marketplace	FL	Orlando	Fee		100.0	%	Acquired 2010		90.4%			199,316	American Eagle, Calvin Klein, Nike, Nine West, Reebok, Skechers
8 - 12.	The Mills Limited Partnership (TMLP)							Acquired 2007					5,748,472

	Total Other GLA												8,002,166



	Total U.S. Properties GLA												184,182,200

FOOTNOTES:

(1)

This property is managed by a third party.

(2)

Our direct and indirect interests in some of the properties held as joint venture interests are subject to preferences on distributions in favor of other partners or us.

(3)

The date listed is the expiration date of the last renewal option available to the operating entity under the ground lease. In a majority of the ground leases, we have a right to purchase the lessor's interest under an option, right of first refusal or other provision. Unless otherwise indicated, each ground lease listed in this column covers at least 50% of its respective property.

interest under an option, right of first refusal or other provision. Unless otherwise indicated, each ground lease listed in this column covers at least 50% of its respective property.

(4)

Joint venture properties accounted for under the equity method.

(5)

Malls — Executed leases for all company-owned GLA in mall stores, excluding major tenants and anchors. Premium Outlets and The Mills — Executed leases for all company-owned GLA (or total center GLA).

(6)

Indicates anchor or major tenant that is currently under development or has announced plans for development.

(7)

Indicates ground lease covers less than 50% of the acreage of this property.

(8)

Indicates vacant anchor space(s).

(9)

Tenant has multiple locations at this center.

(10)

Indicates ground lease covers outparcel only.

(11)

Tenant has an existing store at this center but will move to a new location.

(12)

We receive substantially all the economic benefit of the property due to a preference or advance.

(13)

Property is undergoing an expansion.

(14)

We own a mortgage note that encumbers Pheasant Lane Mall that entitles us to 100% of the economics of this property.

(15)

Indicates anchor has announced its intent to close this location.

(16)

Mall & Freestanding GLA includes office space. Centers with more than 20,000 square feet of office space are listed below:


Circle Centre — 129,944 sq. ft. Copley Place — 884,142 sq. ft. Domain, The — 156,240 sq. ft. Fashion Centre at Pentagon City, The — 169,089 sq. ft. Firewheel Town Center — 75,303 sq. ft.		Menlo Park Mall — 49,481 sq. ft. Oxford Valley Mall — 133,876 sq. ft. Plaza Carolina — 27,398 sq. ft. Southdale Center — 20,393 sq. ft.

United States Lease Expirations

The following table summarizes lease expiration data for our malls and Premium Outlets located in the United States, including Puerto Rico, as of December 31, 2015. The data presented does not consider the impact of renewal options that may be contained in leases.

U.S. MALLS AND PREMIUM OUTLETS LEASE EXPIRATIONS (1)


Year	Number of Leases Expiring		Square Feet		Avg. Base Minimum Rent PSF at 12/31/15		Percentage of Gross Annual Rental Revenues (2)
Inline Stores and Freestanding
Month to Month Leases		445		1,222,938	$	52.63		1.3	%
2016		2,170		7,096,525	$	43.78		6.1	%
2017		2,588		8,667,329	$	45.95		7.8	%
2018		2,404		8,629,006	$	48.53		8.2	%
2019		1,894		7,256,147	$	46.96		6.7	%
2020		1,696		6,306,093	$	48.16		5.9	%
2021		1,356		5,615,580	$	47.66		5.3	%
2022		1,490		5,667,409	$	50.94		5.7	%
2023		1,699		6,478,381	$	52.93		6.8	%
2024		1,529		5,885,487	$	55.17		6.3	%
2025		1,492		5,463,717	$	59.63		6.3	%
2026 and Thereafter		622		3,314,870	$	43.42		2.9	%
Specialty Leasing Agreements w/ terms in excess of 12 months		921		2,385,008	$	19.73		0.9	%
Anchors
2016		2		191,285	$	1.80		0.0	%
2017		19		2,590,032	$	3.04		0.1	%
2018		17		2,177,984	$	4.60		0.2	%
2019		20		2,203,190	$	5.14		0.2	%
2020		24		2,835,524	$	4.77		0.3	%
2021		14		1,611,894	$	5.19		0.2	%
2022		8		957,917	$	9.67		0.2	%
2023		9		1,119,371	$	10.29		0.2	%
2024		12		703,770	$	11.67		0.2	%
2025		18		2,095,999	$	9.56		0.4	%
2026 and Thereafter		21		2,652,151	$	5.52		0.3	%

(1)

Does not consider the impact of renewal options that may be contained in leases.

(2)

Annual rental revenues represent domestic 2015 consolidated and joint venture combined base rental revenue.

International Properties

Our ownership interests in properties outside the United States are primarily owned through joint venture arrangements.

European Investments

At December 31, 2015 we owned 63,924,148 shares, or approximately 20.3%, of Klépierre, which had a quoted market price of $44.82 per share. Klépierre is a publicly traded, Paris-based real estate company, which owns, or has an interest in shopping centers located in 16 countries in Europe. On March 14, 2012, we completed our initial acquisition of a 28.7% interest in Klépierre for approximately $2.0 billion. On July 29, 2014 Klépierre announced that it had entered into a conditional agreement to acquire Corio N.V., or Corio, pursuant to which Corio shareholders received 1.14 Klépierre ordinary shares for each Corio ordinary share. On January 15, 2015 the transaction closed, which resulted in a dilution of our ownership to approximately 18.3%. On May 11, 2015, we purchased 6,290,000 additional shares of Klépierre for $279.4 million bringing our ownership to 20.3%.

As of December 31, 2015, our joint venture in Europe had noncontrolling ownership interests in six outlet properties, as well as a property management and development company. Five of the outlet properties are located in Europe and one outlet property is located in Canada. Of the five properties in Europe, two are located in Italy and one each is located in Austria, the Netherlands, and the United Kingdom. As of December 31, 2015, our legal percentage ownership interests in these entities ranged from 45% to 90%.

We own a 13.3% interest in Value Retail PLC and affiliated entities, which own and operate nine luxury outlets throughout Europe. We also have a minority direct ownership in three of those outlets.

Other International Investments

We also hold a 40% interest in nine operating joint venture properties in Japan, a 50% interest in three operating joint venture properties in South Korea, a 50% interest in one operating joint venture property in Mexico, a 50% interest in one operating joint venture property in Malaysia, and a 50% interest in two operating joint venture properties in Canada. The nine Japanese Premium Outlets operate in various cities throughout Japan and comprise over 3.2 million square feet of GLA and were 99.8% leased as of December 31, 2015.

The following property tables summarize certain data for our international properties as of December 31, 2015 and does not include our equity investment in Klépierre or our cost method investment in Value Retail PLC and affiliated entities.

Simon Property Group, Inc. and Subsidiaries Property Table International Properties


	COUNTRY/Property Name	City (Metropolitan area)	Ownership Interest	SPG Effective Ownership			Year Built	Total Gross Leasable Area		Retail Anchors and Major Tenants
	JAPAN
1.	Ami Premium Outlets	Ami (Tokyo)	Fee		40.0	%	2009		315,000	Adidas, Banana Republic, BCBG Max Azria, Beams, Brooks Brothers, Coach, Cole Haan, Gap Outlet, McGregor, MK Michel Klein, Nike, Tommy Hilfiger, Ralph Lauren
2.	Gotemba Premium Outlets	Gotemba City (Tokyo)	Fee		40.0	%	2000		481,500	Armani, Balenciaga, Bally, Banana Republic, Bottega Veneta, Burberry, Coach, Diesel, Dolce & Gabbana, Dunhill, Gap Outlet, Gucci, Jill Stuart, Loro Piana, Miu Miu, Nike, Polo Ralph Lauren, Prada, Salvatore Ferragamo, Tod's
3.	Kobe-Sanda Premium Outlets	Hyougo-ken (Osaka)	Ground Lease (2026)		40.0	%	2007		441,000	Adidas, Armani, Bally, Banana Republic, Beams, Brooks Brothers, Coach, Cole Haan, Diesel, Etro, Gap Outlet, Gucci, Harrod's, Hugo Boss, Loro Piana, Nike, Polo Ralph Lauren, Salvatore Ferragamo, Theory, Tommy Hilfiger, Valentino
4.	Rinku Premium Outlets	Izumisano (Osaka)	Ground Lease (2031)		40.0	%	2000		416,500	Adidas, Armani, Bally, BCBG Max Azria, Beams, Brooks Brothers, Coach, Cole Haan, Diesel, Dolce & Gabbana, Dunhill, Eddie Bauer, Etro, Furla, Gap Outlet, Hugo Boss, Kate Spade, Lacoste, Lanvin Collection, Nike, Ralph Lauren
5.	Sano Premium Outlets	Sano (Tokyo)	Ground Lease (2022)		40.0	%	2003		390,800	Adidas, Armani, Beams, Brooks Brothers, Coach, Diesel, Dunhill, Eddie Bauer, Etro, Furla, Gap Outlet, Gucci, Harrod's, Kate Spade, Miu Miu, Nike, Ralph Lauren, Prada
6.	Sendai-Izumi Premium Outlets	Izumi Park Town (Sendai)	Ground Lease (2027)		40.0	%	2008		164,200	Adidas. Beams, Brooks Brothers, Coach, Forever21, Jill Stuart, Levi's, Pleats Please Issey Miyake, Tasaki, TaylorMade, United Arrows
7.	Shisui Premium Outlets	Shisui (Chiba), Japan	Ground Lease (2032)		40.0	%	2013		365,900	Banana Republic, Brooks Brothers, Citizen, Coach, Gap, Marmot, Michael Kors, Samsonite, Tommy Hilfiger, United Arrows
8.	Toki Premium Outlets	Toki (Nagoya)	Ground Lease (2024)		40.0	%	2005		367,700	Adidas, BCBG Max Azria, Beams, Brooks Brothers, Coach, Diesel, Eddie Bauer, Furla, Gap Outlet, Nike, Olive des Olive, Ralph Lauren, Puma, Timberland, Tommy Hilfiger, United Arrows
9.	Tosu Premium Outlets	Fukuoka (Kyushu)	Ground Lease (2023)		40.0	%	2004		290,400	Adidas, Armani, Banana Republic, BCBG Max Azria, Beams, Bose, Brooks Brothers, Burberry, Coach, Cole Haan, Courreges, Dolce & Gabbana, Furla, Gap Outlet, Miki House, Nike, Puma, Theory, Tommy Hilfiger

	Subtotal Japan								3,233,000

Simon Property Group, Inc. and Subsidiaries Property Table International Properties


	COUNTRY/Property Name	City (Metropolitan area)	Ownership Interest	SPG Effective Ownership			Year Built	Total Gross Leasable Area		Retail Anchors and Major Tenants
	MEXICO
10.	Punta Norte Premium Outlets	Mexico City	Fee		50.0	%	2004		333,000	Adidas, Calvin Klein, CH Carolina Herrera, Coach, Kenneth Cole, Diesel, Lacoste, Levi's, MaxMara, Nautica, Nike, Palacio Outlet, Reebok, Rockport, Salvatore Ferragamo, Swarovski, Zegna
	Subtotal Mexico								333,000
	SOUTH KOREA
11.	Yeoju Premium Outlets	Yeoju (Seoul)	Fee		50.0	%	2007		551,600	Adidas, Giorgio Armani, Burberry, Chloe, Coach, Diesel, Dolce & Gabbana, Escada, Fendi, Gucci, Lacoste, Marc Jacobs, Michael Kors, Nike, Polo Ralph Lauren, Salvatore Ferragamo, Theory, Tod's, Valentino, Vivienne Westwood
12.	Paju Premium Outlets	Paju (Seoul)	Fee		50.0	%	2011		442,900	Armani, Banana Republic, Calvin Klein, Coach, DKNY, Escada, Jill Stuart, Lacoste, Lanvin Collection, Marc Jacobs, Michael Kors, Nike, Polo Ralph Lauren, Theory, Tory Burch, Vivienne Westwood
13.	Busan Premium Outlets	Busan	Fee		50.0	%	2013		360,200	Adidas, Armani, Banana Republic, Bean Pole, Calvin Klein, Coach, DKNY, Gap, Marc Jacobs, Michael Kors, Nike, Polo Ralph Lauren, Theory, The North Face, Tommy Hilfiger

	Subtotal South Korea								1,354,700
	MALAYSIA
14.	Johor Premium Outlets	Johor (Singapore)	Fee		50.0	%	2011		264,400	Adidas, Armani, Brooks Brothers, Burberry, Calvin Klein, Canali, Coach, DKNY, Gap, Guess, Lacoste, Levi's, Michael Kors, Nike, Salvatore Ferragamo, Timberland, Tommy Hilfiger, Zegna
	Subtotal Malaysia								264,400
	CANADA
15.	Toronto Premium Outlets	Toronto (Ontario)	Fee		50.0	%	2013		358,400	Adidas, Banana Republic, Burberry, Calvin Klein, Coach, Eddie Bauer, Gap, Michael Kors, Nike, Polo Ralph Lauren, Reebok, Tommy Hilfiger
16.	Premium Outlets Montreal	Montreal (Quebec)	Fee		50.0	%	2014		365,700	Adidas, American Eagle Outfitters, Banana Republic, Calvin Klein, Gap, Lacoste, Michael Kors, Nike, Old Navy, Polo Ralph Lauren, Reebok, Tommy Hilfiger
	Subtotal Canada								724,100

	TOTAL INTERNATIONAL PREMIUM OUTLETS								5,909,200

Simon Property Group, Inc. and Subsidiaries Property Table International Properties


	COUNTRY/Property Name	City (Metropolitan area)	Ownership Interest	SPG Effective Ownership			Year Built	Total Gross Leasable Area		Retail Anchors and Major Tenants
INTERNATIONAL DESIGNER OUTLETS
	AUSTRIA
1.	Parndorf Designer Outlet	Vienna	Fee		90.0	%	Phase 3 — 2005		118,000	Armani, Bally, Burberry, Calvin Klein, Diesel, Furla, Geox,
	Phases 3 & 4						Phase 4 — 2011			Gucci, Hugo Boss, Joop! Windsor Strellson, Michael Kors, Porsche Design, Prada, Swarovski, Zegna

	Subtotal Austria								118,000
	ITALY
2.	La Reggia Designer Outlet	Marcianise (Naples)	Fee		60.0	%	Phase 1 — 2010		288,000	Adidas, Armani, Calvin Klein, Hugo Boss, Lacoste, Lui Jo,
	Phases 1 & 2						Phase 2a — 2010			Michael Kors, Nike, Pinko, Polo Ralph Lauren, Prada,
							Phase 2b — 2011			Roberto Cavalli, Timberland, Tommy Hilfiger, Valentino, Versace
3.	Noventa Di Piave Designer	Venice	Fee		60.0	%	Phase 1 — 2008		280,000	Armani, Bally, Bottega Veneta, Brioni,
	Outlet Phases 1, 2, & 3						Phase 2 — 2010			Burberry, Calvin Klein, Fendi, Gucci, Hugo Boss, Loro Piana,
							Phase 3 — 2012			Michael Kors, Nike, Pinko, Paul Smith, Prada, Salvatore
										Ferragamo, Sergio Rossi,Tommy Hilfiger, Valentino, Versace

	Subtotal Italy								568,000
	NETHERLANDS
4.	Roermond Designer Outlet	Roermond	Fee		90.0	%	Phase 2 — 2005		173,000	Armani, Bally, Burberry, Calvin Klein Jeans, Escada, Furla,
	Phases 2 & 3						Phase 3 — 2011			Gucci, Hugo Boss, Joop! Windsor Strellson, Loro Piana,
										Michael Kors, Moncler, Mulberry, Prada,
										Ralph Lauren Luxury, Swarovski,
										Tod's, Tommy Hilfiger, UGG

	Subtotal Netherlands								173,000
	UNITED KINGDOM
5.	Ashford Designer Outlet	Kent	Fee		45.0	%	2000		183,000	Abercrombie and Fitch, Adidas, CK Underwear, Clarks, Fossil, French Connection, Gap, Guess, Lacoste, Levis, Marks & Spencer, Next, Nike, Polo Ralph Lauren, Reiss, Superdry, Swarovski, Tommy Hilfiger

	Subtotal England								183,000
	CANADA
6.	Vancouver Designer Outlets	Vancover	Ground Lease (2072)		45.0	%	2015		242,000	Armani, Banana Republic, Brooks Brother Factory, Calvin Klein, Cole Hann, Coach, Gap, Hugo Boss, J. Crew Factory, Levi's, Nike, Polo Ralph Lauren Factory, Tommy Hilfiger

	Subtotal Canada								242,000

	Total International Designer Outlets								1,284,000

FOOTNOTES:

(1)

All gross leasable area listed in square feet.

Land

We have direct or indirect ownership interests in approximately 300 acres of land held in the United States and Canada for future development.

Sustainability and Energy Efficiency

We incorporate sustainable thinking into many of the areas of our business; from how we plan, develop and operate our properties, to how we do business with our customers, engage with our communities, and create a productive and positive work environment for our employees. Our sustainability framework has four key areas: Properties, Customers, Communities and Employees.

Through our continued use of energy conservation practices, energy efficiency projects, and continuous monitoring and reporting, we have reduced our energy consumption at comparable properties every year since 2003. As a result, excluding new developments and expansions, we have reduced the electricity usage over which we have direct control by 337 million kWhs since 2003. This represents a 32% reduction in electricity usage across a portfolio of comparable properties. Our documented reduction in greenhouse gas emissions resulting from our energy management efforts is 213,741 metric tons of CO2e.

We have been globally recognized for our energy efficiency programs and transparency in disclosure practices: in 2015, we were listed on the CDP, previously known as the Carbon Disclosure Project, A-List for the second consecutive year — identifying us as a leader in the retail real estate sector for driving significant reduction in emissions due to implementation of energy efficient initiatives. Additionally, in 2015 we received the highest designation of a Green Star rating from the Global Real Estate Sustainability Benchmark, or GRESB, for the second year.

Mortgage Financing on Properties

The following table sets forth certain information regarding the mortgages encumbering our properties, and the properties held by our domestic and international joint venture arrangements, and also our unsecured corporate debt. Substantially all of the mortgage and property related debt is nonrecourse to us.

** Mortgage and Unsecured Debt As of December 31, 2015 (Dollars in thousands) **


Property Name	Interest Rate			Face Amount			Annual Debt Service (1)			Maturity Date
*Consolidated Indebtedness:*
*Secured Indebtedness:*
Arizona Mills		5.76	%		161,834			12,268			07/01/20
Bangor Mall		6.15	%		80,000			4,918	(2)		10/01/17
Battlefield Mall		3.95	%		124,467			7,118			09/01/22
Birch Run Premium Outlets		5.95	%		100,460	(10) (28)		8,078			04/11/16
Calhoun Premium Outlets		5.79	%		19,309	(35)		1,519			09/01/16
Carolina Premium Outlets		3.36	%		47,409			2,675			12/01/22
Domain, The		5.44	%		195,224			14,085			08/01/21
Ellenton Premium Outlets		4.30	%		178,000			7,651	(2)		12/01/25
Empire Mall		4.31	%		190,000			8,197	(2)		12/01/25
Florida Keys Outlet Center		4.17	%		17,000			709	(2)		12/01/25
Gaffney Premium Outlets		5.79	%		35,042	(35)		2,757			09/01/16
Grand Prairie Premium Outlets		3.66	%		120,000			4,392	(2)		04/01/23
Greenwood Park Mall		8.00	%		74,710	(19)		7,044			08/01/16
Grove City Premium Outlets		4.31	%		140,000			6,032	(2)		12/01/25
Gulfport Premium Outlets		4.35	%		50,000			2,174	(2)		12/01/25
Gurnee Mills		5.77	%		321,000			18,512	(2)		07/01/17
Hagerstown Premium Outlets		5.95	%		84,410	(10) (28)		6,787			04/11/16
Independence Center		5.94	%		200,000			11,886	(2)		07/10/17
Ingram Park Mall		5.38	%		135,491			9,746			06/01/21
King of Prussia — The Court & The Plaza — 1		7.49	%		23,906			23,183			01/01/17
King of Prussia — The Court & The Plaza — 2		8.53	%		1,735			1,685			01/01/17
King of Prussia — The Court & The Plaza — 3		4.50	%		50,000			2,250	(2)		01/01/17
Las Americas Premium Outlets		5.84	%		174,269			12,728			06/11/16
Lee Premium Outlets		5.79	%		48,201	(35)		3,792			09/01/16
Merrimack Premium Outlets		3.78	%		128,876			7,247			07/01/23
Midland Park Mall		4.35	%		80,362			5,078			09/06/22
Mills at Jersey Gardens, The		3.83	%		350,000			13,405	(2)		11/01/20
Montgomery Mall		4.57	%		100,000			4,570	(2)		05/01/24
Opry Mills — 1		2.93	% (1)		280,000			8,203	(2)		10/10/16
Opry Mills — 2		5.00	%		70,800			3,540	(2)		10/10/16
Oxford Valley Mall		4.77	%		65,249			4,456			12/07/20
Penn Square Mall		3.84	%		310,000			11,910	(2)		01/01/26
Pismo Beach Premium Outlets		5.84	%		33,850	(20)		1,978	(2)		11/06/16
Plaza Carolina		1.78	% (1)		225,000			4,004	(2)		09/30/17	(3)
Pleasant Prairie Premium Outlets		6.01	%		34,560			2,758			12/01/16
Potomac Mills		5.83	%		410,000			23,901	(2)		07/11/17
Puerto Rico Premium Outlets		1.78	% (1)		125,000			2,224	(2)		09/30/17	(3)
Queenstown Premium Outlets		5.84	%		66,150	(20)		3,864	(2)		11/06/16
Shops at Chestnut Hill, The		4.69	%		120,000			5,624	(2)		11/01/23
Shops at Riverside, The		3.37	%		130,000			4,382	(2)		02/01/23
Southdale Center		3.84	%		152,990			8,713			04/01/23
SouthPark		8.00	%		184,908	(19)		17,434			08/01/16
Southridge Mall		3.85	%		123,922			7,036			06/06/23
Summit Mall		5.42	%		65,000			3,526	(2)		06/10/17
The Crossings Premium Outlets		3.41	%		114,827			6,131			12/01/22
Town Center at Cobb		4.76	%		195,052			12,530			05/01/22
University Park Village		3.85	%		55,000			2,118	(2)		05/01/28
Walt Whitman Shops		8.00	%		113,933	(19)		10,742			08/01/16

** Mortgage and Unsecured Debt As of December 31, 2015 (Dollars in thousands)**


Property Name	Interest Rate			Face Amount			Annual Debt Service (1)			Maturity Date
White Oaks Mall		5.54	%		50,000			2,768	(2)		11/01/16
Williamsburg Premium Outlets		5.95	%		97,517	(10) (28)		7,841			04/11/16
Wolfchase Galleria		5.64	%		225,000			12,700	(2)		04/01/17
Woodland Hills Mall		7.79	%		90,370			8,414			04/05/19

Total Consolidated Secured Indebtedness				$	6,570,833
*Unsecured Indebtedness:*
Simon Property Group, LP:
Global Commercial Paper — USD		0.43	% (34)	$	690,593		$	2,970	(2)		03/24/16
Global Commercial Paper — Euro		0.03	% (34)	$	188,064	(18)		56	(2)		04/18/16
Revolving Credit Facility — Euro Currency		0.80	% (15)	$	237,814	(16)		1,903	(2)		06/30/19	(3)
Revolving Credit Facility — Yen Currency		0.85	% (15)	$	184,848	(23)		1,570	(2)		06/30/19	(3)
Revolving Credit Facility — USD Currency		1.23	% (15)	$	815,000	(32)		10,020	(2)		06/30/19	(3)
Unsecured Notes — 14B		6.10	%	$	163,298	(33)		9,961	(14)		05/01/16
Unsecured Notes — 15B		5.88	%	$	207,453			12,188	(14)		03/01/17
Unsecured Notes — 16B		5.25	%	$	364,276			19,124	(14)		12/01/16
Unsecured Notes — 20A		10.35	%	$	650,000			67,275	(14)		04/01/19
Unsecured Notes — 22B		5.65	%	$	1,250,000			70,625	(14)		02/01/20
Unsecured Notes — 22C		6.75	%	$	600,000			40,500	(14)		02/01/40
Unsecured Notes — 23A		4.38	%	$	900,000			39,375	(14)		03/01/21
Unsecured Notes — 24A		2.80	%	$	500,000			14,000	(14)		01/30/17
Unsecured Notes — 24B		4.13	%	$	700,000			28,875	(14)		12/01/21
Unsecured Notes — 25A		2.15	%	$	600,000			12,900	(14)		09/15/17
Unsecured Notes — 25B		3.38	%	$	600,000			20,250	(14)		03/15/22
Unsecured Notes — 25C		4.75	%	$	550,000			26,125	(14)		03/15/42
Unsecured Notes — 26A		1.50	%	$	750,000			11,250	(14)		02/01/18
Unsecured Notes — 26B		2.75	%	$	500,000			13,750	(14)		02/01/23
Unsecured Notes — Euro 1		2.38	%	$	820,049	(8)		19,476	(6)		10/02/20
Unsecured Notes — 27A		2.20	%	$	600,000			13,200	(14)		02/01/19
Unsecured Notes — 27B		3.75	%	$	600,000			22,500	(14)		02/01/24
Unsecured Notes — 28A		3.38	%	$	900,000			30,375	(14)		10/01/24
Unsecured Notes — 28B		4.25	%	$	400,000			17,000	(14)		10/01/44
Unsecured Notes — 29A		2.50	%	$	500,000			12,500	(14)		09/01/20
Unsecured Notes — 29B		3.50	%	$	600,000			21,000	(14)		09/01/25
Unsecured Notes — Euro 2		1.38	%	$	820,049	(13)		11,276	(6)		11/18/22
Unsecured Term Loan		1.53	% (1)	$	240,000			3,671	(2)		02/28/18	(3)

Total Consolidated Unsecured Indebtedness				$	15,931,444

Total Consolidated Indebtedness at Face Amounts				$	22,502,277
Net Premium on Indebtedness					44,735
Net Discount on Indebtedness					(44,839	)

Total Consolidated Indebtedness				$	22,502,173



Our Share of Consolidated Indebtedness				$	22,411,398



*Joint Venture Indebtedness:*
*Secured Indebtedness:*
Ami Premium Outlets		1.83	% (12)		67,385	(26)		8,348			09/25/23
Ashford Designer Outlet		2.68	%		59,276	(21)		1,588	(2)		07/31/16
Arundel Mills		4.29	%		385,000			16,509	(2)		02/06/24

** Mortgage and Unsecured Debt As of December 31, 2015 (Dollars in thousands)**


Property Name	Interest Rate			Face Amount			Annual Debt Service (1)			Maturity Date
Auburn Mall		6.02	%		39,136			3,027			09/01/20
Aventura Mall		3.75	%		1,200,000			45,002	(2)		12/01/20
Aventura Mall Expansion		2.38	% (1)		4,313			103	(2)		12/30/20
Avenues, The		3.60	%		110,000			3,960	(2)		02/06/23
Briarwood Mall		7.50	%		107,180	(22)		10,641			11/30/16
Busan Premium Outlets — Fixed		5.44	%		68,655	(17)		3,736	(2)		06/20/22
Busan Premium Outlets — Variable		3.96	% (27)		48,067	(17)		1,902	(2)		02/13/17
California Department Stores		6.53	%		31,300			2,044	(2)		11/01/17
Cape Cod Mall		5.75	%		93,642			7,003			03/06/21
Charlotte Premium Outlets		1.88	% (1)		90,000			1,692	(2)		11/24/19	(3)
Circle Centre		3.33	% (24)		66,000			3,076			01/28/20	(3)
Coconut Point		5.83	%		230,000			13,409	(2)		12/10/16
Coddingtown Mall		2.18	% (1)		11,250			839			03/01/17	(3)
Colorado Mills — 1		4.28	%		136,000			5,824	(2)		11/01/24
Colorado Mills — 2		5.04	%		27,445			1,811			07/01/21
Concord Mills		3.84	%		235,000			9,015	(2)		11/01/22
Crystal Mall		4.46	%		92,755			5,749			06/06/22
Dadeland Mall		4.50	%		435,147			27,361			12/05/21
Del Amo Fashion Center		1.93	% (1)		510,000			9,840	(2)		01/20/20	(3)
Domain Westin		4.12	%		69,710			4,069			09/01/25
Dover Mall		5.57	%		88,413			6,455			08/06/21
Emerald Square Mall		4.71	%		108,970			7,165			08/11/22
Falls, The		7.50	%		103,607	(22)		10,287			11/30/16
Fashion Centre Pentagon City Office		5.11	%		40,000			2,043	(2)		07/01/21
Fashion Centre Pentagon City Retail		4.87	%		410,000			19,957	(2)		07/01/21
Fashion Valley		4.30	%		458,069			28,208			01/04/21
Firewheel Residential		2.74	% (1)		21,388			1,123			12/01/16
Firewheel Residential II		2.43	% (1)		24,000			583	(2)		11/14/18	(3)
Florida Mall, The		5.25	%		343,876			24,849			09/05/20
Galleria, The		3.55	%		1,200,000			42,598	(2)		03/01/25
Gloucester Premium Outlets		1.93	% (1)		72,926			1,407	(2)		06/19/19	(3)
Grapevine Mills		3.83	%		268,000			10,272	(2)		10/01/24
Greendale Mall		6.00	%		45,000			2,699	(2)		10/01/16
Gotemba Premium Outlets		0.37	% (12)		10,896	(26)		4,399			02/28/18
Hamilton Town Center		4.81	%		83,100			5,293			04/01/22
Johor Premium Outlets		5.32	% (7)		17,575	(9)		5,212			10/14/20
Katy Mills		3.49	%		140,000			4,886	(2)		12/06/22
Kobe-Sanda Premium Outlets		0.44	% (12)		31,333	(26)		1,633			01/31/20
Lehigh Valley Mall		5.88	%		129,116			9,943			07/05/20
La Reggia Designer Outlets Phases 1 & 2		1.31	% (25)		63,335	(30)		5,441			03/31/27
Liberty Tree Mall		3.41	%		33,238			1,866			05/06/23
Mall at Rockingham Park, The		5.61	%		260,000			14,586	(2)		03/10/17
Mall at Tuttle Crossing, The		3.56	%		125,000			4,455	(2)		05/01/23
Mall of New Hampshire, The		4.11	%		150,000			6,162	(2)		07/01/25
Meadowood Mall		5.82	%		118,360			8,818			11/06/21
Miami International Mall		4.42	%		160,000			7,072	(2)		02/06/24
Northshore Mall		3.30	%		261,491			14,453			07/05/23
Noventa Di Piave Designer Outlets		2.00	% (11)		87,471	(30)		1,749	(2)		06/30/20
Ontario Mills		4.25	%		326,521			20,661			03/05/22
Outlets at Orange, The		4.22	%		215,000			9,067	(2)		04/01/24
Paju Premium Outlets		4.08	%		92,221	(17)		3,764	(2)		11/28/19

** Mortgage and Unsecured Debt As of December 31, 2015 (Dollars in thousands)**


Property Name	Interest Rate			Face Amount			Annual Debt Service (1)			Maturity Date
Parndorf Designer Outlet Phases 3 & 4		1.95	%		100,593	(30)		1,962	(2)		05/20/22
Phipps Plaza Residential		2.18	% (1)		5,610			122	(2)		10/16/19	(3)
Phipps Plaza Hotel		2.43	% (1)		4,832			117	(2)		12/17/19	(3)
Premium Outlets Montréal		2.18	% (4)		78,359	(5)		1,708	(2)		09/10/17	(3)
Quaker Bridge Mall — 1		7.03	%		10,679			2,407			04/01/16
Quaker Bridge Mall — 2		2.95	%		62,000			1,829	(2)		04/01/16
Rinku Premium Outlets		0.39	% (12)		11,623	(26)		1,706			07/31/17
Roermond Designer Outlet Phases 2 & 3		1.86	%		196,812	(30)		3,659	(2)		12/01/21
Sano Premium Outlets		0.45	% (12)		4,193	(26)		2,759			05/31/18
Sendai-Izumi Premium Outlets		0.41	% (12)		9,465	(26)		3,194			10/31/18
Shisui Premium Outlets — Variable		0.37	% (12)		34,870	(26)		4,778			05/31/18
Shisui Premium Outlets — Fixed		0.38	%		41,511	(26)		158	(2)		05/29/22
Shops at Mission Viejo, The		3.61	%		295,000			10,650	(2)		02/01/23
Silver Sands Premium Outlets		3.93	%		100,000			3,930	(2)		06/01/22
Smith Haven Mall		1.63	% (1)		180,000			2,933	(2)		05/29/20	(3)
Solomon Pond Mall		4.01	%		103,803			6,309			11/01/22
Southdale Residential		4.46	%		41,689			2,530			10/15/35
Springfield Mall		4.45	%		64,835			3,928			10/06/25
Square One Mall		5.47	%		94,578			6,793			01/06/22
Stoneridge Shopping Center		7.50	%		213,072	(22)		19,214			11/30/16
St. Johns Town Center		3.82	%		350,000			13,367	(2)		09/11/24
St. Louis Premium Outlets		4.06	%		95,000			3,858	(2)		10/06/24
Tanger Outlets — Galveston/Houston		1.93	% (1)		65,000			1,254	(2)		07/01/18	(3)
Toki Premium Outlets — Fixed		0.38	%		24,907	(26)		93	(2)		11/30/19
Toki Premium Outlets — Variable		0.91	% (12)		5,166	(26)		47	(2)		05/31/20
Toronto Premium Outlets		3.13	%		122,549	(5)		3,831	(2)		06/01/22
Tosu Premium Outlets		0.42	% (12)		15,442	(26)		1,974			12/31/18
Twin Cities Premium Outlets		4.32	%		115,000			4,968	(2)		11/06/24
Vancouver Designer Outlet		2.73	% (4)		59,556	(5)		1,626	(2)		04/01/18
West Town Mall		6.34	%		210,000			13,309	(2)		12/01/17
Westchester, The		6.00	%		345,376			26,980			05/05/20
Woodfield Mall		4.50	%		425,000			19,125	(2)		03/05/24
Yeoju Premium Outlets		4.69	%		73,423	(17)		3,441	(2)		09/06/20

Total Joint Venture Secured Indebtedness at Face Value				$	13,166,111
TMLP Indebtedness at Face Value				$	720,969	(29)

Total Joint Venture and TMLP Indebtedness at Face Value				$	13,887,080
Net Premium on Indebtedness					3,961

Total Joint Venture Indebtedness				$	13,891,041



Our Share of Joint Venture Indebtedness				$	6,692,809	(31)

** Mortgage and Unsecured Debt As of December 31, 2015 (Dollars in thousands)**

(1)

Variable rate loans based on 1M LIBOR plus interest rate spreads ranging from 80 bps to 250 bps. 1M LIBOR as of December 31, 2015 was 0.43%.

(2)

Requires monthly payment of interest only.

(3)

Includes applicable extension available at the Applicable Borrower's option.

(4)

Variable rate loans based on 1M CDOR plus interest rate spreads ranging from 130 bps to 185 bps. 1M CDOR at December 31, 2015 was 0.88%.

(5)

Amount shown in USD equivalent. CAD Equivalent is 361.3 million.

(6)

Requires annual payment of interest only.

(7)

Variable rate loans based on Cost of Fund plus interest rates spreads ranging from 150 bps to 175 bps. Cost of Fund as of December 31, 2015 was 3.75%.

(8)

Amount shown in USD equivalent. Euro equivalent is 750.0 million.

(9)

Amount shown in USD equivalent. Ringgit equivalent is 75.7 million.

(10)

Loans were refinanced after December 31, 2015. These three properties are no longer secured by cross-collateralized and cross-defaulted mortgages.

(11)

Variable rate loan based on 3M EURIBOR plus interest rate spread of 200 bps. Minimum 3M Euribor is 0 bps.

(12)

Variable rate loans based on 1M YEN LIBOR or 6M YEN LIBOR plus interest rate spreads ranging from 25 bps to 40 bps. As of December 31, 2015, 1M YEN LIBOR and 6M YEN LIBOR were 0.05% and 0.12%, respectively.

(13)

Amount shown in USD equivalent. Euro equivalent is 750.0 million.

(14)

Requires semi-annual payments of interest only.

(15)

$4.0 Billion Revolving Credit Facility. As of December 31, 2015, the Credit Facility — USD Currency bears interest at LIBOR + 80 bps, the Credit Facility — Yen Currency bears interest at Yen LIBOR + 80 bps and the Credit Facility — Euro Currency bears interest at 1M EURO LIBOR + 80 bps. The facilities provide for different pricing based upon our investment grade rating. As of December 31, 2015, $4.6 billion was available after outstanding borrowings and letters of credit under our Credit Facilities.

(16)

Amount shown in USD equivalent. Balances include borrowings on multi-currency tranche of Euro 217.5 million.

(17)

Amount shown in USD equivalent. Won equivalent is 331.9 billion.

(18)

Amount shown in USD equivalent. Euro equivalent is 172.0 million.

(19)

Loans secured by these three properties are cross-collateralized and cross-defaulted. Mortgages were repaid on February 1, 2016 (open at par date).

(20)

Loans secured by these two properties are cross-collateralized and cross-defaulted.

(21)

Amount shown in USD equivalent. GBP equivalent is 40.0 million.

(22)

Loans secured by these three properties are cross-collateralized and cross-defaulted.

(23)

Amount shown in USD equivalent. Balances include borrowings on multi-currency tranche of Yen 22.3 billion.

(24)

Variable rate loan based on 1M LIBOR plus an interest rate spread of 290 bps. In addition, 1M LIBOR is capped at 5.00%.

(25)

Variable rate loan based on 6M EURIBOR plus interest rate spread of 135 bps. 6M EURIBOR at December 31, 2015 was –0.04%.

(26)

Amount shown in USD equivalent. Yen equivalent is 30.9 billion.

(27)

Variable rate loans based on 91 Day Korean CD rate plus interest rate spreads ranging from 200 bps to 290 bps. The 91 Day Korean CD rate as of December 31, 2015 was 1.67%.

(28)

Loans secured by these three properties are cross-collateralized and cross-defaulted.

(29)

Consists of five properties with interest rates ranging from 4.50% to 7.32% and maturities between 2016 and 2023.

** Mortgage and Unsecured Debt As of December 31, 2015 (Dollars in thousands)**

(30)

Amount shown in USD equivalent. Euro equivalent is 409.9 million.

(31)

Our share of total indebtedness includes a pro rata share of the mortgage debt on joint venture properties, including The Mills Limited Partnership. To the extent total indebtedness is secured by a property, it is non-recourse to us, with the exception of approximately $353.7 million of payment guarantees provided by the Operating Partnership (of which $112.8 million is recoverable from our venture partner under the partnership agreement).

(32)

The entire outstanding balance on the Revolving Credit Facility — USD was repaid on January 14, 2016.

(33)

Unsecured note was repaid on February 1, 2016 (call at par date).

(34)

Reflects the latest maturity date and weighted average interest rate of all outstanding tranches of commercial paper at December 31, 2015.

(35)

Loans secured by these three properties are cross-collateralized and cross-defaulted.

The changes in consolidated mortgages and unsecured indebtedness for the years ended December 31, 2015, 2014 and 2013 are as follows:


	2015			2014			2013
Balance, Beginning of Year	$	20,852,993		$	22,669,917		$	22,186,848
Additions during period:
New Loan Originations (a)		6,095,011			2,273,014			1,988,710
Loans assumed in acquisitions and consolidation		405,000			166,950			—
Net Premium		6,980			8,747			(3,273	)
Deductions during period:
Loan Retirements		(4,750,606	)		(4,164,574	)		(1,400,562	)
Amortization of Net Premiums		(16,107	)		(24,092	)		(33,026	)
Scheduled Principal Amortization		(91,098	)		(76,969	)		(68,780	)

Balance, Close of Year	$	22,502,173		$	20,852,993		$	22,669,917

(a)

Includes net activity on the Credit Facilities and commercial paper.

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