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 182.3 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 260,000 to 2.7 million square feet of GLA. Our malls contain in the aggregate more than 13,600 occupied stores, including 504 anchors, which are predominately national or international retailers.

Premium Outlets generally contain a wide variety of designer and manufacturer stores located in open‑air centers. Our 67 Premium Outlets range in size from approximately 150,000 to 890,000 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 13 domestic 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 160,000 to 850,000 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, 2016, approximately 96.8% of the owned GLA in malls and Premium Outlets was leased and approximately 98.4% of the owned GLA for The Mills was leased.

We wholly own 134 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 202 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.

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties

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, 2016.


				Ownership
				Interest			Year Built
				(Expiration if	Legal		or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		Acquired	Occupancy (5)		Total GLA	Retail Anchors and Selected Major Tenants
	Malls
1.	Apple Blossom Mall	VA	Winchester	Fee	49.1	% (4)	Acquired 1999	94.4	%	473,103	Belk, JCPenney, Sears, Carmike Cinemas
2.	Auburn Mall	MA	Auburn	Fee	56.4	% (4)	Acquired 1999	100.0	%	585,707	Macy's, Sears, (8)
3.	Aventura Mall (1) (13)	FL	Miami Beach (Miami)	Fee	33.3	% (4)	Built 1983	98.9	%	2,087,694	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	96.5	%	1,112,428	Belk, Dillard's, JCPenney, Sears, Forever 21
5.	Barton Creek Square	TX	Austin	Fee	100.0	%	Built 1981	98.3	%	1,429,503	Nordstrom, Macy's, Dillard's (9), JCPenney, Sears, AMC Theatre
6.	Battlefield Mall	MO	Springfield	Fee and Ground Lease (2056)	100.0	%	Built 1970	95.0	%	1,201,327	Macy's, Dillard's (9), JCPenney, Sears
7.	Bay Park Square	WI	Green Bay	Fee	100.0	%	Built 1980	92.2	%	711,918	Younkers (9), Kohl's, ShopKo, Marcus Cinema 16
8.	Brea Mall	CA	Brea (Los Angeles)	Fee	100.0	%	Acquired 1998	96.1	%	1,319,447	Nordstrom, Macy's (9), JCPenney, Sears
9.	Briarwood Mall	MI	Ann Arbor	Fee	50.0	% (4)	Acquired 2007	98.7	%	980,224	Macy's, JCPenney, Sears, Von Maur
10.	Brickell City Centre	FL	Miami	Fee	25.0	% (4)	Built 2016	68.3	%	476,015	Saks Fifth Avenue, Cinemex (6)
11.	Broadway Square	TX	Tyler	Fee	100.0	%	Acquired 1994	97.2	%	628,796	Dillard's, JCPenney, Sears
12.	Burlington Mall	MA	Burlington (Boston)	Fee and Ground Lease (2048) (7)	100.0	%	Acquired 1998	97.2	%	1,313,125	Macy's, Lord & Taylor, Sears, Nordstrom, Crate & Barrel, Primark, Arhaus Furniture
13.	Cape Cod Mall	MA	Hyannis	Fee and Ground Leases (2029-2073) (7)	56.4	% (4)	Acquired 1999	93.0	%	728,380	Macy's (9), Sears, Best Buy, Marshalls, Barnes & Noble, Regal Cinema
14.	Castleton Square	IN	Indianapolis	Fee	100.0	%	Built 1972	96.8	%	1,381,812	Macy's, Von Maur, JCPenney, Sears, Dick's Sporting Goods, AMC Theatres
15.	Cielo Vista Mall	TX	El Paso	Fee and Ground Lease (2027) (7)	100.0	%	Built 1974	99.8	%	1,245,292	Macy's, Dillard's (9), JCPenney, Sears, Cinemark Theatres
16.	Coconut Point	FL	Estero	Fee	50.0	% (4)	Built 2006	94.2	%	1,205,363	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, (8)
17.	Coddingtown Mall	CA	Santa Rosa	Fee	50.0	% (4)	Acquired 2005	67.8	%	822,133	Macy's, JCPenney, Whole Foods, Target, Nordstrom Rack, Dick's Sporting Goods, Crunch Fitness (6)
18.	College Mall	IN	Bloomington	Fee and Ground Lease (2048) (7)	100.0	%	Built 1965	95.8	%	537,064	Macy's, Target, Dick's Sporting Goods, Bed Bath & Beyond, 365 by Whole Foods (6), Ulta (6)
19.	Columbia Center	WA	Kennewick	Fee	100.0	%	Acquired 1987	96.2	%	795,305	Macy's (9), JCPenney, Sears, Barnes & Noble, Regal Cinema, DSW, Home Goods
20.	Copley Place	MA	Boston	Fee	94.4	% (12)	Acquired 2002	85.5	%	1,255,797	Neiman Marcus, Barneys New York
21.	Coral Square	FL	Coral Springs (Miami)	Fee	97.2	%	Built 1984	96.9	%	943,891	Macy's (9), JCPenney, Sears, Kohl's
22.	Cordova Mall	FL	Pensacola	Fee	100.0	%	Acquired 1998	99.7	%	928,709	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	86.1	%	782,786	Macy's, JCPenney, Sears, Bed Bath & Beyond, Christmas Tree Shops
24.	Dadeland Mall	FL	Miami	Fee	50.0	% (4)	Acquired 1997	99.3	%	1,498,485	Saks Fifth Avenue, Nordstrom, Macy's (9), JCPenney
25.	Del Amo Fashion Center	CA	Torrance (Los Angeles)	Fee	50.0	% (4)	Acquired 2007	93.8	%	2,371,068	Nordstrom, Macy's (9), JCPenney, Sears, Marshalls (11), Barnes & Noble, JoAnn Fabrics, Crate & Barrel, L.A. Fitness, AMC Theatres, Dick's Sporting Goods (6), Dave & Buster's (6), (8)
26.	Domain, The	TX	Austin	Fee	100.0	%	Built 2006	97.3	%	1,234,352	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	91.5	%	928,194	Macy's, JCPenney, Boscov's, Sears, Carmike Cinemas, Dick's Sporting Goods

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties


				Ownership
				Interest			Year Built
				(Expiration if	Legal		or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		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	88.3	%	1022435	Macy's (9), JCPenney, Sears
29.	Empire Mall	SD	Sioux Falls	Fee and Ground Lease (2033) (7)	100.0	%	Acquired 1998	96.1	%	1,125,718	Macy's, Younkers, JCPenney, Sears, Gordmans, Hy-Vee, Dick's Sporting Goods
30.	Falls, The	FL	Miami	Fee	50.0	% (4)	Acquired 2007	95.8	%	838,459	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	97.0	%	1,038,547	Nordstrom, Macy's
32.	Fashion Mall at Keystone, The	IN	Indianapolis	Fee and Ground Lease (2067) (7)	100.0	%	Acquired 1997	95.1	%	710,587	Saks Fifth Avenue, Crate & Barrel, Nordstrom, Keystone Art Cinema
33.	Fashion Valley	CA	San Diego	Fee	50.0	% (4)	Acquired 2001	97.7	%	1,720,533	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	97.4	%	998,347	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	98.5	%	1,699,571	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	98.2	%	677,138
37.	Galleria, The	TX	Houston	Fee	50.4	% (4)	Acquired 2002	97.6	%	1,926,563	Saks Fifth Avenue, Neiman Marcus, Nordstrom, Macy's
38.	Greenwood Park Mall	IN	Greenwood (Indianapolis)	Fee	100.0	%	Acquired 1979	97.3	%	1,287,869	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	97.5	%	1,237,350	Macy's, Dillard's, JCPenney, Sears, Belk
40.	Independence Center	MO	Independence (Kansas City)	Fee	100.0	%	Acquired 1994	93.4	%	881,980	Dillard's, Macy's, Sears, Dick's Sporting Goods
41.	Ingram Park Mall	TX	San Antonio	Fee	100.0	%	Built 1979	98.1	%	1,120,444	Dillard's, Macy's, JCPenney, Sears, Bealls, (8)
42.	King of Prussia	PA	King of Prussia (Philadelphia)	Fee	100.0	%	Acquired 2003	92.2	%	2,651,631	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 (13)	TX	McAllen	Fee and Ground Lease (2040) (7)	100.0	%	Built 1976	97.4	%	1,089,619	Macy's (9), Dillard's, JCPenney, Joe Brand
44.	Lakeline Mall	TX	Cedar Park (Austin)	Fee	100.0	%	Built 1995	98.0	%	1,097,799	Dillard's (9), Macy's, JCPenney, Sears, AMC Theatres (6)
45.	Lehigh Valley Mall	PA	Whitehall	Fee	50.0	% (4)	Acquired 2003	97.7	%	1,180,840	Macy's, JCPenney, Boscov's, Barnes & Noble, hhgregg, Babies 'R Us
46.	Lenox Square	GA	Atlanta	Fee	100.0	%	Acquired 1998	98.7	%	1,558,678	Neiman Marcus, Bloomingdale's, Macy's
47.	Livingston Mall	NJ	Livingston (New York)	Fee	100.0	%	Acquired 1998	96.5	%	978,034	Macy's, Lord & Taylor, Sears, Barnes & Noble
48.	Mall at Rockingham Park, The	NH	Salem (Boston)	Fee	28.2	% (4)	Acquired 1999	96.2	%	1,024,171	JCPenney, Sears, Macy's, Lord & Taylor, Dick's Sporting Goods, Cinemark (6)
49.	Mall at Tuttle Crossing, The	OH	Dublin (Columbus)	Fee	50.0	% (4)	Acquired 2007	96.3	%	1,123,036	Macy's (9), JCPenney, Sears
50.	Mall of Georgia	GA	Buford (Atlanta)	Fee	100.0	%	Built 1999	99.9	%	1,824,672	Dillard's, Macy's, JCPenney, Belk, Dick's Sporting Goods, Barnes & Noble, Haverty's Furniture, Regal Cinema, Von Maur
51.	Mall of New Hampshire, The	NH	Manchester	Fee	56.4	% (4)	Acquired 1999	91.7	%	812,213	Macy's, JCPenney, Sears, Best Buy
52.	McCain Mall	AR	N. Little Rock	Fee	100.0	%	Built 1973	95.6	%	793,736	Dillard's, JCPenney, Sears, Regal Cinema
53.	Meadowood Mall	NV	Reno	Fee	50.0	% (4)	Acquired 2007	98.5	%	899,798	Macy's (9), Sears, JCPenney, Dick's Sporting Goods
54.	Menlo Park Mall	NJ	Edison (New York)	Fee	100.0	%	Acquired 1997	97.5	%	1,333,989	Nordstrom, Macy's, Barnes & Noble, AMC Dine-In Theatre

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties


				Ownership Interest			Year Built
				(Expiration if	Legal		or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		Acquired	Occupancy (5)		Total GLA	Retail Anchors and Selected Major Tenants
55.	Miami International Mall	FL	Miami	Fee	47.8	% (4)	Built 1982	98.6	%	1,082,555	Macy's (9), JCPenney, Sears, Kohl's
56.	Midland Park Mall	TX	Midland	Fee	100.0	%	Built 1980	98.3	%	629,654	Dillard's (9), JCPenney, Sears, Bealls, Ross
57.	Miller Hill Mall	MN	Duluth	Fee	100.0	%	Built 1973	99.1	%	831,911	JCPenney, Sears, Younkers, Barnes & Noble, DSW, Dick's Sporting Goods
58.	Montgomery Mall	PA	North Wales (Philadelphia)	Fee	79.4	%	Acquired 2003	89.9	%	1,102,755	Macy's, JCPenney, Sears, Dick's Sporting Goods, Wegmans
59.	North East Mall	TX	Hurst (Dallas)	Fee	100.0	%	Built 1971	98.0	%	1,669,350	Nordstrom, Dillard's, Macy's, JCPenney, Sears, Dick's Sporting Goods, Rave Theatre
60.	Northgate Mall	WA	Seattle	Fee	100.0	%	Acquired 1987	100.0	%	1,045,838	Nordstrom, Macy's, JCPenney, Barnes & Noble, Bed Bath & Beyond, DSW, Nordstrom Rack
61.	Northshore Mall	MA	Peabody (Boston)	Fee	56.4	% (4)	Acquired 1999	94.2	%	1,591,350	JCPenney, Sears, Nordstrom, Macy's (9), Barnes & Noble, Toys 'R Us, Shaw's Grocery, The Container Store, DSW
62.	Ocean County Mall	NJ	Toms River (New York)	Fee	100.0	%	Acquired 1998	93.7	%	898,525	Macy's, Boscov's, JCPenney, Sears
63.	Orland Square	IL	Orland Park (Chicago)	Fee	100.0	%	Acquired 1997	96.9	%	1,230,094	Macy's, Carson's, JCPenney, Sears, Dave & Buster's
64.	Oxford Valley Mall	PA	Langhorne (Philadelphia)	Fee	85.5	%	Acquired 2003	93.6	%	1,336,364	Macy's, JCPenney, Sears, United Artists Theatre, (8)
65.	Penn Square Mall	OK	Oklahoma City	Ground Lease (2060)	94.5	%	Acquired 2002	100.0	%	1,063,630	Macy's, Dillard's (9), JCPenney, AMC Theatres
66.	Pheasant Lane Mall	NH	Nashua	-	—	% (14)	Acquired 2002	92.4	%	979,426	JCPenney, Sears, Target, Macy's, Dick's Sporting Goods
67.	Phipps Plaza	GA	Atlanta	Fee	100.0	%	Acquired 1998	97.7	%	823,053	Saks Fifth Avenue, Nordstrom, Belk, AMC Theatres, Arhaus Furniture, Legoland Discovery Center
68.	Plaza Carolina	PR	Carolina (San Juan)	Fee	100.0	%	Acquired 2004	95.9	%	1,158,121	JCPenney, Sears, Tiendas Capri, Econo, Best Buy, T.J. Maxx, DSW, (8)
69.	Prien Lake Mall	LA	Lake Charles	Fee and Ground Lease (2040) (7)	100.0	%	Built 1972	98.6	%	848,263	Dillard's, JCPenney, Sears, Cinemark Theatres, Kohl's, Dick's Sporting Goods
70.	Quaker Bridge Mall	NJ	Lawrenceville	Fee	50.0	% (4)	Acquired 2003	97.0	%	1,079,542	Macy's, Lord & Taylor, JCPenney, Sears
71.	Rockaway Townsquare	NJ	Rockaway (New York)	Fee	100.0	%	Acquired 1998	94.9	%	1,245,741	Macy's, Lord & Taylor, JCPenney, Sears, Raymour & Flanigan
72.	Roosevelt Field	NY	Garden City (New York)	Fee and Ground Lease (2090) (7)	100.0	%	Acquired 1998	96.8	%	2,366,692	Bloomingdale's (9), Nordstrom, Macy's, JCPenney, Dick's Sporting Goods, AMC Entertainment, XSport Fitness, Neiman Marcus
73.	Ross Park Mall	PA	Pittsburgh	Fee	100.0	%	Built 1986	99.3	%	1,239,681	JCPenney, Sears, Nordstrom, L.L. Bean, Macy's, Crate & Barrel
74.	Santa Rosa Plaza	CA	Santa Rosa	Fee	100.0	%	Acquired 1998	96.0	%	692,026	Macy's, Sears, Forever 21
75.	Shops at Chestnut Hill, The	MA	Chestnut Hill (Boston)	Fee	94.4	%	Acquired 2002	100.0	%	470,094	Bloomingdale's (9)
76.	Shops at Crystals, The	NV	Las Vegas	Fee	50.0	% (4)	Acquired 2016	89.2	%	262,354
77.	Shops at Nanuet, The	NY	Nanuet	Fee	100.0	%	Redeveloped 2013	96.5	%	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	96.2	%	1,249,749	Nordstrom, Macy's (9), Forever 21
79.	Shops at Riverside, The	NJ	Hackensack (New York)	Fee	100.0	%	Acquired 2007	94.0	%	658,261	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	98.0	%	1,301,459	Macy's (9), JCPenney, Sears, Dick's Sporting Goods, Barnes & Noble, L.L. Bean (6)
81.	Solomon Pond Mall	MA	Marlborough (Boston)	Fee	56.4	% (4)	Acquired 1999	94.2	%	886,472	Macy's, JCPenney, Sears, Regal Cinema
82.	South Hills Village	PA	Pittsburgh	Fee	100.0	%	Acquired 1997	98.3	%	1,128,403	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	96.7	%	1,586,446	Macy's, Lord & Taylor, Sears, Nordstrom, Target, DSW, Primark (6)

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties


				Ownership Interest			Year Built
				(Expiration if	Legal		or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		Acquired	Occupancy (5)		Total GLA		Retail Anchors and Selected Major Tenants
84.	Southdale Center	MN	Edina (Minneapolis)	Fee	100.0	%	Acquired 2007	92.9	%	1,297,608		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	99.7	%	1,676,223		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	97.3	%	1,177,783		JCPenney, Sears, Kohl's, Boston Store, Macy's, Marcus Cinema (6)
87.	Springfield Mall (1)	PA	Springfield (Philadelphia)	Fee	50.0	% (4)	Acquired 2005	87.9	%	610,582		Macy's, Target
88.	Square One Mall	MA	Saugus (Boston)	Fee	56.4	% (4)	Acquired 1999	99.7	%	929,844		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	95.6	%	980,418		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	99.5	%	1,391,569		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	CA	Palo Alto (San Jose)	Ground Lease (2054)	94.4	% (12)	Acquired 2003	94.9	%	1,347,935		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	99.1	%	1,299,290		Macy's (9), Nordstrom, Sears, JCPenney
93.	Summit Mall	OH	Akron	Fee	100.0	%	Built 1965	93.3	%	776,821		Dillard's (9), Macy's
94.	Tacoma Mall	WA	Tacoma (Seattle)	Fee	100.0	%	Acquired 1987	96.0	%	1,313,089		Nordstrom, Macy's, JCPenney, Sears, Dick's Sporting Goods (6)
95.	Tippecanoe Mall	IN	Lafayette	Fee	100.0	%	Built 1973	98.3	%	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	99.0	%	1,778,660		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	96.4	%	1,281,436		Belk, Macy's (9), JCPenney, Sears
98.	Towne East Square	KS	Wichita	Fee	100.0	%	Built 1975	87.1	%	1,134,931		Dillard's, Von Maur, JCPenney, Sears
99.	Treasure Coast Square	FL	Jensen Beach	Fee	100.0	%	Built 1987	94.9	%	876,257		Macy's, Dillard's, JCPenney, Sears, hhgregg, Regal Cinema
100.	Tyrone Square	FL	St. Petersburg (Tampa)	Fee	100.0	%	Built 1972	95.7	%	1,149,639		Macy's, Dillard's, JCPenney, Sears (15), DSW, Cobb 10 Luxury Theatres
101.	University Park Mall	IN	Mishawaka	Fee	100.0	%	Built 1979	98.9	%	918,559		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	98.1	%	1,089,350		Saks Fifth Avenue, Bloomingdale’s, Lord & Taylor, Macy’s
103.	West Town Mall	TN	Knoxville	Ground Lease (2042)	50.0	% (4)	Acquired 1991	97.3	%	1,341,519		Belk (9), Dillard’s, JCPenney, Sears, Regal Cinema
104.	Westchester, The	NY	White Plains (New York)	Fee	40.0	% (4)	Acquired 1997	98.6	%	800,564		Neiman Marcus, Nordstrom, Crate and Barrel
105.	White Oaks Mall	IL	Springfield	Fee	80.7	%	Built 1977	86.8	%	928,772		Macy's, Bergner’s, Sears, Dick's Sporting Goods, hhgregg, LA Fitness
106.	Wolfchase Galleria	TN	Memphis	Fee	94.5	%	Acquired 2002	98.1	%	1,151,658		Macy's, Dillard's, JCPenney, Sears, Malco Theatres
107.	Woodfield Mall	IL	Schaumburg (Chicago)	Fee	50.0	% (4)	Acquired 2012	96.9	%	2,150,557		Nordstrom, Macy's, Lord & Taylor, JCPenney, Sears, Arhaus Furniture, Level 257
108.	Woodland Hills Mall	OK	Tulsa	Fee	94.5	%	Acquired 2002	98.3	%	1,091,482		Macy's, Dillard's, JCPenney, Sears
	Total Mall GLA									122,204,698	(16)

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties


				Ownership Interest			Year Built
				(Expiration if	Legal		Or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		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	91.8	%	429,562	Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, Guess, Kate Spade New York, Loft Outlet, Lululemon, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, The North Face, Under Armour
2.	Allen Premium Outlets (13)	TX	Allen (Dallas)	Fee	100.0	%	Acquired 2004	98.6	%	441,800	Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, Guess, J.Crew, Kate Spade New York, Lacoste, Neiman Marcus Last Call, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger
3.	Aurora Farms Premium Outlets	OH	Aurora (Cleveland)	Fee	100.0	%	Acquired 2004	96.8	%	285,309	Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, The North Face, Tommy Hilfiger, Under Armour
4.	Birch Run Premium Outlets	MI	Birch Run (Detroit)	Fee	100.0	%	Acquired 2010	90.5	%	680,782	Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Guess, J.Crew, Lacoste, Michael Kors, Nike, Polo Ralph Lauren, Pottery Barn/Williams-Sonoma Outlet, Puma, Tommy Hilfiger, The North Face, Under Armour
5.	Camarillo Premium Outlets	CA	Camarillo (Los Angeles)	Fee	100.0	%	Acquired 2004	99.4	%	675,250	Adidas, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Kate Spade New York, Neiman Marcus Last Call, Lululemon, Michael Kors, Nike, Polo Ralph Lauren, Restoration Hardware, Saks Fifth Avenue Off 5th, The North Face, Tommy Hilfiger, Tory Burch
6.	Carlsbad Premium Outlets	CA	Carlsbad (San Diego)	Fee	100.0	%	Acquired 2004	100.0	%	289,404	Adidas, Banana Republic, Barneys New York Warehouse, Calvin Klein, Coach, Crate & Barrel, Gap Outlet, Kate Spade New York, Lacoste, Michael Kors, Nike, Polo Ralph Lauren, Theory, Under Armour, Vince
7.	Carolina Premium Outlets	NC	Smithfield (Raleigh)	Fee	100.0	%	Acquired 2004	98.9	%	438,851	Adidas, Banana Republic, Brooks Brothers, Coach, Gap Outlet, J.Crew, Levi's, Nike, Polo Ralph Lauren, Talbots, Tommy Hilfiger, Under Armour
8.	Charlotte Premium Outlets	NC	Charlotte	Fee	50.0	% (4)	Built 2014	97.5	%	398,697	Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Gap Outlet, Kate Spade New York, Michael Kors, Nike, Saks Fifth Avenue Off 5th, Under Armour
9.	Chicago Premium Outlets	IL	Aurora (Chicago)	Fee	100.0	%	Built 2004	95.8	%	687,615	Abercrombie & Fitch, Adidas, Armani Outlet, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, J.Crew, Kate Spade New York, Lacoste, Michael Kors, Nike, Polo Ralph Lauren, Restoration Hardware, Saks Fifth Avenue Off 5th, Tag Heuer, True Religion, UGG, Under Armour, Vera Bradley, Versace, Victoria's Secret
10.	Cincinnati Premium Outlets	OH	Monroe (Cincinnati)	Fee	100.0	%	Built 2009	99.2	%	398,717	Adidas, Banana Republic, Brooks Brothers, Coach, Gap Outlet, J.Crew, Lacoste, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, The North Face, Tommy Hilfiger, Under Armour
11.	Clarksburg Premium Outlets	MD	Clarksburg (Washington, DC)	Fee	66.0	% (4)	Built 2016	86.8	%	389,984	All Saints, Armani Outlet, A/X Armani Exchange, Adidas, Baldinini, Bally, Basler, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Eredi Pisano, Ermenegildo Zegna, Express, Hickey Freeman, Kate Spade New York, Michael Kors, Nike, Philipp Plein, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, Sarar, Tadashi Shoji, Thomas Pink, Tommy Hilfiger, Tory Burch, UGG, Under Armour

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties


				Ownership Interest			Year Built
				(Expiration if	Legal		Or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		Acquired	Occupancy (5)		Total GLA	Retail Anchors and Selected Major Tenants
12.	Clinton Crossing Premium Outlets	CT	Clinton	Fee	100.0	%	Acquired 2004	98.9	%	276,163	Abercrombie & Fitch, Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Express, Gap Outlet, J.Crew, Kate Spade New York, Lucky Brand, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Talbots, Tommy Hilfiger, Tumi, Under Armour, Vera Bradley
13.	Desert Hills Premium Outlets	CA	Cabazon (Palm Springs)	Fee	100.0	%	Acquired 2004	99.0	%	651,433	Agent Provocateur, Alexander McQueen, Armani Outlet, Brioni, Burberry, Coach, Ermenegildo Zegna, Gucci, Neiman Marcus Last Call, Marc Jacobs, Nike, Polo Ralph Lauren, Prada, Saint Laurent Paris, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, Stuart Weitzman, Tory Burch
14.	Edinburgh Premium Outlets	IN	Edinburgh (Indianapolis)	Fee	100.0	%	Acquired 2004	99.3	%	377,734	Abercrombie & Fitch, Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Calvin Klein, Coach, Columbia Sportswear, Express, Gap Outlet, J.Crew, Levi's, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour, White House Black Market
15.	Ellenton Premium Outlets	FL	Ellenton (Tampa)	Fee	100.0	%	Acquired 2010	98.7	%	476,584	Ann Taylor, Adidas, Banana Republic, Calvin Klein, Coach, J.Crew, Kate Spade New York, Lacoste, Lucky Brand, Michael Kors, Nike, Polo Ralph Lauren, Puma, Saks Fifth Avenue Off 5th, Talbots, Under Armour
16.	Folsom Premium Outlets	CA	Folsom (Sacramento)	Fee	100.0	%	Acquired 2004	94.5	%	297,522	Adidas, American Eagle Outfitters, Banana Republic, Calvin Klein, Coach, Eddie Bauer, Gap Outlet, Guess, Loft Outlet, Nike, Tommy Hilfiger, Under Armour
17.	Gilroy Premium Outlets	CA	Gilroy (San Jose)	Fee	100.0	%	Acquired 2004	96.2	%	578,093	Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, J.Crew, Kate Spade New York, Lululemon, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, The North Face, Tommy Hilfiger, True Religion
18.	Gloucester Premium Outlets	NJ	Blackwood (Philadelphia)	Fee	50.0	% (4)	Built 2015	94.1	%	369,657	Adidas, American Eagle Outfitters, Armani Outlet, A/X Armani Exchange, Banana Republic, Brooks Brothers, Calvin Klein, Columbia Sportswear, Express, Gap Outlet, Guess, Levi's, J. Crew, Loft Outlet, Michael Kors, Nautica, Nike, Puma, Reebok, Tommy Hilfiger, Under Armour
19.	Grand Prairie Premium Outlets	TX	Grand Prairie (Dallas)	Fee	100.0	%	Built 2012	99.8	%	417,175	American Eagle, Banana Republic, Bloomingdale's The Outlet Store, Calvin Klein, Coach, Columbia Sportswear, Kate Spade New York, J.Crew, Lucky Brand, Michael Kors, Nike, Saks Fifth Avenue Off 5th, Talbots, Tommy Hilfiger, Under Armour
20.	Grove City Premium Outlets	PA	Grove City (Pittsburgh)	Fee	100.0	%	Acquired 2010	98.4	%	531,219	American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, Guess, J.Crew, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Under Armour, Vera Bradley
21.	Gulfport Premium Outlets	MS	Gulfport	Ground Lease (2059)	100.0	%	Acquired 2010	97.6	%	300,036	American Eagle Outfitters, Ann Taylor, Banana Republic, Coach, Gap Outlet, J.Crew, Lacoste, Levi's, Michael Kors, Nike, Polo Ralph Lauren, Talbots, Tommy Hilfiger, Under Armour
22.	Hagerstown Premium Outlets	MD	Hagerstown (Baltimore/ Washington, DC)	Fee	100.0	%	Acquired 2010	89.6	%	485,046	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

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties


				Ownership Interest			Year Built
				(Expiration if	Legal		Or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		Acquired	Occupancy (5)		Total GLA	Retail Anchors and Selected Major Tenants
23.	Houston Premium Outlets	TX	Cypress (Houston)	Fee	100.0	%	Built 2008	99.1	%	541,852	Ann Taylor, A/X Armani Exchange, Banana Republic, Brooks Brothers, Burberry, Calvin Klein, Coach, Gap Outlet, J.Crew, Kate Spade New York, Lucky Brand, Michael Kors, Nike, Saks Fifth Avenue Off 5th, Tommy Hilfiger, Tory Burch, Vera Bradley
24.	Jackson Premium Outlets	NJ	Jackson (New York)	Fee	100.0	%	Acquired 2004	99.2	%	285,493	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
25.	Jersey Shore Premium Outlets	NJ	Tinton Falls (New York)	Fee	100.0	%	Built 2008	98.9	%	434,400	Adidas, American Eagle Outfitters, Ann Taylor, A/X Armani Exchange, Banana Republic, Burberry, Brooks Brothers, Coach, Columbia Sportswear, Eddie Bauer, Guess, J.Crew, Kate Spade New York, Lacoste, Lucky Brand, Michael Kors, Nike, Talbots, Theory, Tommy Hilfiger, True Religion, Under Armour, Ugg
26.	Johnson Creek Premium Outlets	WI	Johnson Creek	Fee	100.0	%	Acquired 2004	97.8	%	277,672	Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Calvin Klein, Columbia Sportswear, Eddie Bauer, Gap Outlet, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour
27.	Kittery Premium Outlets	ME	Kittery	Fee and Ground Lease (2049) (7)	100.0	%	Acquired 2004	92.9	%	259,169	Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Calvin Klein, Chico's, Coach, Columbia Sportswear, Express, Gap Outlet, J.Crew, Levi's, New Balance, Nike, Polo Ralph Lauren, Tommy Hilfiger
28.	Las Americas Premium Outlets	CA	San Diego	Fee	100.0	%	Acquired 2007	97.4	%	553,994	Adidas, Banana Republic, Calvin Klein, Coach, Columbia Spartswear, Gap Outlet, Guess, Kate Spade New York, Levi's, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour
29.	Las Vegas North Premium Outlets	NV	Las Vegas	Fee	100.0	%	Built 2003	100.0	%	676,085	Alfred Dunhill, All Saints, Armani Outlet, A/X Armani Exchange, Banana Republic, Burberry, Canali, CH Carolina Herrera, Coach, David Yurman, Dolce & Gabbana, Etro, John Varvatos, Kate Spade New York, Lacoste, Neiman Marcus Last Call, Michael Kors, Nike, Polo Ralph Lauren, Rag & Bone, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, TAG Heuer, Tory Burch
30.	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, Gap Outlet, Kate Spade New York, Levi's, Michael Kors, Nike, Polo Ralph Lauren, Reebok, Tommy Hilfiger, Under Armour, Vera Bradley
31.	Lee Premium Outlets	MA	Lee	Fee	100.0	%	Acquired 2010	98.5	%	224,833	Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Chico's, Coach, J.Crew, Lacoste, Levi's, Michael Kors, Nike, Polo Ralph Lauren, Talbots, Tommy Hilfiger, Under Armour
32.	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, Kate Spade New York, Lacoste, Michael Kors, Nike, Polo Ralph Lauren, Restoration Hardware, Saks Fifth Avenue Off 5th, Under Armour, Vera Bradley, Vineyard Vines, Williams-Sonoma

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties


				Ownership Interest			Year Built
				(Expiration if	Legal		Or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		Acquired	Occupancy (5)		Total GLA	Retail Anchors and Selected Major Tenants
33.	Lighthouse Place Premium Outlets	IN	Michigan City (Chicago, IL)	Fee	100.0	%	Acquired 2004	99.0	%	454,731	Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, Guess, Hollister, J.Crew, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger, Under Armour, Vera Bradley
34.	Merrimack Premium Outlets	NH	Merrimack	Fee	100.0	%	Built 2012	100.0	%	408,996	Ann Taylor, Banana Republic, Bloomingdale's The Outlet Store, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, J.Crew, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Talbots, Tommy Hilfiger, Under Armour, White House Black Market
35.	Napa Premium Outlets	CA	Napa	Fee	100.0	%	Acquired 2004	98.7	%	179,175	Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, J.Crew, Lucky Brand, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger
36.	North Bend Premium Outlets	WA	North Bend (Seattle)	Fee	100.0	%	Acquired 2004	96.6	%	223,560	Banana Republic, Carter's, Coach, Eddie Bauer, Gap Outlet, Nike, PacSun, Under Armour, Van Heusen
37.	North Georgia Premium Outlets	GA	Dawsonville (Atlanta)	Fee	100.0	%	Acquired 2004	97.1	%	540,549	Ann Taylor, Armani Outlet, Banana Republic, Brooks Brothers, Burberry, Calvin Klein, Coach, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Restoration Hardware, Saks Fifth Avenue Off 5th, Talbots, The North Face, Tommy Hilfiger, Williams-Sonoma
38.	Orlando International Premium Outlets	FL	Orlando	Fee	100.0	%	Acquired 2010	99.7	%	773,615	Adidas, Armani Outlet, Calvin Klein, Coach, J.Crew, Kate Spade New York, Lacoste, Neiman Marcus Last Call, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, The North Face, Tommy Hilfiger, True Religion, Under Armour, Victoria’s Secret
39.	Orlando Vineland Premium Outlets	FL	Orlando	Fee	100.0	%	Acquired 2004	99.2	%	656,906	Adidas, Armani Outlet, A/X Armani Exchange, Brunello Cucinelli, Burberry, Calvin Klein, Carolina Herrera, Coach, Ermenegildo Zegna, 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, Under Armour
40.	Petaluma Village Premium Outlets	CA	Petaluma (San Francisco)	Fee	100.0	%	Acquired 2004	95.9	%	201,781	Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Coach, Gap Outlet, Nike, Puma, Saks Fifth Avenue Off 5th, Tommy Hilfiger
41.	Philadelphia Premium Outlets	PA	Limerick (Philadelphia)	Fee	100.0	%	Built 2007	99.2	%	549,155	Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, Guess, J.Crew, Neiman Marcus Last Call, Loft Outlet, Michael Kors, Nike, Polo Ralph Lauren, Puma, Restoration Hardware, The North Face, Tommy Hilfiger, Under Armour, Vera Bradley, Ugg
42.	Phoenix Premium Outlets	AZ	Chandler (Phoenix)	Ground Lease (2077)	100.0	%	Built 2013	99.1	%	356,498	Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Factory Store, Lucky Brand, Michael Kors, Nike, Saks Fifth Avenue Off 5th, Tommy Bahama, Tommy Hilfiger, Under Armour
43.	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, Polo Ralph Lauren, Tommy Hilfiger, Van Heusen
44.	Pleasant Prairie Premium Outlets	WI	Pleasant Prairie (Chicago, IL/Milwaukee)	Fee	100.0	%	Acquired 2010	96.1	%	402,689	Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, Kate Spade New York, J.Crew, Lacoste, Loft Outlet, Michael Kors, Nike, Pandora, Polo Ralph Lauren, St. John, The North Face, Under Armour, Ugg

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties


				Ownership Interest			Year Built
				(Expiration if	Legal		Or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		Acquired	Occupancy (5)		Total GLA	Retail Anchors and Selected Major Tenants
45.	Puerto Rico Premium Outlets	PR	Barceloneta	Fee	100.0	%	Acquired 2010	98.1	%	349,968	Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Calvin Klein, Coach, Disney Store Outlet, Gap Outlet, Guess, Lacoste, Loft Outlet, Michael Kors, Nike, Polo Ralph Lauren, Puma, Tommy Hilfiger
46.	Queenstown Premium Outlets	MD	Queenstown (Baltimore)	Fee	100.0	%	Acquired 2010	95.2	%	289,570	Adidas, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, J.Crew, Kate Spade New York, Loft Outlet, Michael Kors, Nike, Polo Ralph Lauren, St. John, Talbots, Tommy Bahama, Under Armour
47.	Rio Grande Valley Premium Outlets	TX	Mercedes (McAllen)	Fee	100.0	%	Built 2006	98.7	%	604,105	Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Bebe, Burberry, Calvin Klein, Coach, Express, Gap Outlet, Guess, Kate Spade New York, Loft Outlet, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Tommy Hilfiger, True Religion, Under Armour
48.	Round Rock Premium Outlets	TX	Round Rock (Austin)	Fee	100.0	%	Built 2006	99.4	%	488,670	Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Express, Gap Outlet, Guess, J.Crew, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour
49.	San Francisco Premium Outlets	CA	Livermore (San Francisco)	Fee and Ground Lease (2021) (10)	100.0	%	Built 2012	99.1	%	696,967	All Saints, A/X Armani Exchange, Bloomingdale's The Outlet Store, Brunello Cucinelli, CH Carolina Herrera, Coach, Columbia Sportswear, Gucci, Jimmy Choo, J.Crew, Kate Spade New York, Lacoste, Neiman Marcus Last Call, MaxMara, Michael Kors, Nike, Polo Ralph Lauren, Prada, Roger Vivier, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, The North Face, Tommy Hilfiger, Tory Burch, Under Armour, Versace, Vince
50.	San Marcos Premium Outlets	TX	San Marcos (Austin/San Antonio)	Fee	100.0	%	Acquired 2010	98.5	%	732,717	Banana Republic, Burberry, CH Carolina Herrera, Diane Von Furstenberg, Gucci, J. Crew, Kate Spade New York, Lacoste, Neiman Marcus Last Call, Michael Kors, Pottery Barn, Prada, Restoration Hardware, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, Steve Madden, The North Face, Tommy Bahama, Tori Burch, Ugg, Victoria’s Secret Outlet, Vineyard Vines
51.	Seattle Premium Outlets	WA	Tulalip (Seattle)	Ground Lease (2079)	100.0	%	Built 2005	99.4	%	554,822	Abercrombie & Fitch, Adidas, Ann Taylor, Banana Republic, Burberry, Calvin Klein, Coach, J.Crew, Michael Kors, Nike, Polo Ralph Lauren, St. John, The North Face, Tommy Bahama, Tommy Hilfiger, Tori Burch, Under Armour
52.	Silver Sands Premium Outlets	FL	Destin	Fee	50.0	% (4)	Acquired 2012	93.0	%	451,194	Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Coach, Columbia Sportswear, Dooney & Bourke, J.Crew, Kate Spade New York, Michael Kors, Nike, Saks Fifth Avenue Off 5th, The North Face, Tommy Hilfiger, Under Armour, Vera Bradley
53.	St. Augustine Premium Outlets	FL	St. Augustine (Jacksonville)	Fee	100.0	%	Acquired 2004	98.8	%	327,592	Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, J.Crew, Nike, Polo Ralph Lauren, Puma, Reebok, Tommy Bahama, Tommy Hilfiger, Under Armour
54.	St. Louis Premium Outlets	MO	St. Louis (Chesterfield)	Fee	60.0	% (4)	Built 2013	97.7	%	351,513	Ann Taylor, Coach, Columbia Sportswear, Crabtree & Evelyn, J. Crew, Kate Spade New York, Michael Kors, Nike, Saks Fifth Avenue Off 5th, Tommy Hilfiger, Ugg, Under Armour, Vera Bradley

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties


				Ownership Interest			Year Built
				(Expiration if	Legal		Or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		Acquired	Occupancy (5)		Total GLA	Retail Anchors and Selected Major Tenants
55.	Tampa Premium Outlets	FL	Lutz (Tampa)	Fee	100.0	%	Built 2015	97.9	%	454,226	Adidas, American Eagle Outfitters, Ann Taylor, Armani Outlet, Banana Rebublic, Brooks Brothers, Calvin Klein, Coach, 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
56.	Tanger Outlets - Columbus (1)	OH	Sunbury (Columbus)	Fee	50.0	% (4)	Built 2016	92.6	%	355,303	Coach, Nike, Polo Ralph Lauren, Under Armour, Victoria's Secret
57.	Tanger Outlets - Galveston/Houston (1)	TX	Texas City	Fee	50.0	% (4)	Built 2012	97.3	%	352,705	Banana Republic, Brooks Brothers, Coach, Gap Outlet, J. Crew, Michael Kors, Nike, Reebok, Tommy Hilfiger, White House Black Market
58.	The Crossings Premium Outlets	PA	Tannersville	Fee and Ground Lease (2019) (7)	100.0	%	Acquired 2004	99.9	%	411,605	Abercrombie & Fitch, Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Guess, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Timberland, Tommy Hilfiger, Under Armour
59.	Tucson Premium Outlets	AZ	Marana (Tucson)	Fee	100.0	%	Built 2015	91.0	%	363,432	Adidas, Banana Republic, Bebe, Brooks Brothers, Calvin Klein, Coach, Express, Forever 21, Gap Outlet, Godiva, Guess, J. Crew, Levi’s, Lucky Brand, Michael Kors, Nike, Saks 5th Avenue Off 5th, Skechers, Tommy Hilfiger, Under Armour
60.	Twin Cities Premium Outlets	MN	Eagan	Fee	35.0	% (4)	Built 2014	99.2	%	408,936	Adidas, Ann Taylor, Armani Outlet, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, J. Crew, Loft Outlet, Michael Kors,Nike, Polo Ralph Lauren, Robert Graham, Saks Fifth Avenue Off 5th, Talbots, True Religion, Under Armour, Vera Bradley
61.	Vacaville Premium Outlets	CA	Vacaville	Fee	100.0	%	Acquired 2004	97.8	%	440,118	Adidas, Ann Taylor, Banana Republic, Calvin Klein, Coach, Columbia Sportswear, Gucci, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Restoration Hardware, The North Face, Tommy Bahama, Tommy Hilfiger, True Religion, Under Armour
62.	Waikele Premium Outlets	HI	Waipahu (Honolulu)	Fee	100.0	%	Acquired 2004	99.0	%	219,139	Armani Outlet, Banana Republic, Calvin Klein, Coach, Guess, Kate Spade New York, Michael Kors, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Tommy Hilfiger, Tory Burch
63.	Waterloo Premium Outlets	NY	Waterloo	Fee	100.0	%	Acquired 2004	93.9	%	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
64.	Williamsburg Premium Outlets	VA	Williamsburg	Fee	100.0	%	Acquired 2010	98.9	%	522,237	Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Burberry, Calvin Klein, Coach, Columbia Sportswear, Dooney & Bourke, 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
65.	Woodburn Premium Outlets	OR	Woodburn (Portland)	Fee	100.0	%	Acquired 2013	100.0	%	389,743	Adidas, Ann Taylor, Banana Republic, Calvin Klein, Coach, Columbia Sportswear, Eddie Bauer, Fossil, Gap Outlet, J. Crew, Levi's, Michael Kors, Nike, The North Face, Polo Ralph Lauren, Puma, Tommy Hilfiger, Under Armour

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties


				Ownership Interest			Year Built
				(Expiration if	Legal		Or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		Acquired	Occupancy (5)		Total GLA	Retail Anchors and Selected Major Tenants
66.	Woodbury Common Premium Outlets (13)	NY	Central Valley (New York)	Fee	100.0	%	Acquired 2004	98.0	%	893,066	Armani Outlet, Balenciega, Brioni, Brunello Cucinelli, Burberry, Canali, Chloe, Coach, Dior, Dolce & Gabbana, Dunhill, Fendi, Gucci, Lacoste, Neiman Marcus Last Call, Michael Kors, 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
67.	Wrentham Village Premium Outlets	MA	Wrentham (Boston)	Fee	100.0	%	Acquired 2004	100.0	%	660,093	All Saints, Ann Taylor, Armani Outlet, Banana Republic, Barneys New York, Bloomingdale's The Outlet Store, Brooks Brothers, Burberry, Calvin Klein, Coach, J.Crew, Karl Lagerfield, Kate Spade New York, Lacoste, Michael Kors, Nike, Polo Ralph Lauren, Restoration Hardware, Robert Graham, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, Theory, Tommy Hilfiger, Tory Burch, True Religion, Under Armour, Vineyard Vines
	Total U.S. Premium Outlets GLA									29,774,370

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties


				Ownership Interest			Year Built
				(Expiration if	Legal		or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		Acquired	Occupancy (5)		Total GLA	Retail Anchors and Selected Major Tenants
	The Mills
1.	Arizona Mills	AZ	Tempe (Phoenix)	Fee	100.0	%	Acquired 2007	95.4	%	1,238,193	Marshalls, Neiman Marcus Last Call, Burlington Coat Factory, Sears Appliance Outlet, Ross, At Home, Group USA, Harkins Cinemas & IMAX, Sea Life Center, Conn's, Legoland, (8)
2.	Arundel Mills	MD	Hanover (Baltimore)	Fee	59.3	% (4)	Acquired 2007	99.5	%	1,663,107	Bass Pro Shops Outdoor World, Bed Bath & Beyond, Best Buy, Books-A-Million, Burlington Coat Factory, The Children's Place, Dave & Buster's, H&M, Medieval Times, Modell's, Neiman Marcus Last Call, 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	96.8	%	1,411,627	Forever 21, Jumpstreet, Neiman Marcus Last Call, Off Broadway Shoe Warehouse, Saks Fifth Avenue Off 5th, Super Target, United Artists Theatre, Burlington Coat Factory, H&M, Dick's Sporting Goods (6)
4.	Concord Mills	NC	Concord (Charlotte)	Fee	59.3	% (4)	Acquired 2007	100.0	%	1,361,944	Bass Pro Shops Outdoor World, Books-A-Million, Burlington Coat Factory, 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
5.	Grapevine Mills	TX	Grapevine (Dallas)	Fee	59.3	% (4)	Acquired 2007	98.6	%	1,781,387	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, Neiman Marcus Last Call, 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, Fieldhouse USA (6)
6.	Great Mall	CA	Milpitas (San Jose)	Fee	100.0	%	Acquired 2007	99.5	%	1,366,123	Neiman Marcus Last Call, Group USA, Kohl's, Dave & Buster's, Sears Appliance Outlet, Burlington Coat Factory, Marshalls, Saks Fifth Avenue Off 5th, Nike Factory Store, Century Theatres, Bed Bath & Beyond, Off Broadway Shoes, Uniqlo, Dick's Sporting Goods (6)
7.	Gurnee Mills	IL	Gurnee (Chicago)	Fee	100.0	%	Acquired 2007	94.4	%	1,935,954	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, VF Outlet, Marcus Cinemas, Neiman Marcus Last Call, Value City Furniture, Off Broadway Shoe Warehouse, Macy's, Floor & Decor (6), (8)
8.	Katy Mills	TX	Katy (Houston)	Fee	62.5	% (4) (2)	Acquired 2007	99.3	%	1,789,929	Bass Pro Shops Outdoor World, Books-A-Million, Burlington Coat Factory, Jumpstreet, Marshalls, Neiman Marcus Last Call, 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	99.0	%	1,304,326	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	99.3	%	1,432,928	Burlington Coat Factory, Nike Factory Store, Gameworks, The Children's Place Outlet, Marshalls, Saks Fifth Avenue Off 5th, Nordstrom Rack, Dave & Buster's, Group USA, Sam Ash Music, Off Broadway Shoes, AMC Theatres, Forever 21, Uniqlo, Restoration Hardware Outlet, Skechers Superstore (6)

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties


				Ownership Interest			Year Built
				(Expiration if	Legal		or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		Acquired	Occupancy (5)		Total GLA	Retail Anchors and Selected Major Tenants
11.	Opry Mills	TN	Nashville	Fee	100.0	%	Acquired 2007	99.4	%	1,168,354	Regal Cinema & IMAX, Dave & Buster's, VF Outlet, Sun & Ski, Bass Pro Shops Outdoor World, Forever 21, Bed Bath & Beyond, Saks Fifth Avenue Off 5th, Off Broadway Shoes, H&M, Madame Tussauds (6)
12.	Outlets at Orange, The	CA	Orange (Los Angeles)	Fee	50.0	% (4)	Acquired 2007	99.8	%	866,948	Dave & Buster’s, Vans Skatepark, Lucky Strike Lanes, Saks Fifth Avenue Off 5th, AMC Theatres, Neiman Marcus Last Call, Off Broadway Shoes, Nordstrom Rack, H&M, Forever 21, Bloomingdale's the Outlet Store, (8)
13.	Potomac Mills	VA	Woodbridge (Washington, DC)	Fee	100.0	%	Acquired 2007	99.4	%	1,539,974	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, Neiman Marcus Last Call, XXI Forever, Bloomingdale's Outlet, Buy Buy Baby/and That!
14.	Sawgrass Mills	FL	Sunrise (Miami)	Fee	100.0	%	Acquired 2007	98.4	%	2,260,610	American Signature Home, Bed Bath & Beyond, Brandsmart USA, Burlington Coat Factory, Gameworks, Marshalls, Neiman Marcus Last Call, Nike Factory Store, Nordstrom Rack, Saks Fifth Avenue Off 5th, Ron Jon Surf Shop, Super Target, T.J. Maxx (15), Urban Planet, Off Broadway Shoes, Regal Cinema, Bloomingdale's Outlet, Forever 21, Century 21 Department Store, H&M (6), Dick's Sporting Goods (6)
	Total Mills Properties GLA									21,121,404

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties


				Ownership Interest			Year Built
				(Expiration if	Legal		or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		Acquired	Occupancy (5)		Total GLA		Retail Anchors and Selected Major Tenants
	Lifestyle Centers
1.	ABQ Uptown	NM	Albuquerque	Fee	100.0	%	Acquired 2011	99.3	%	230,026		Anthropologie, Apple, Pottery Barn
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	97.1	%	895,974		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	%	160,130		Anthropologie, Apple, Pottery Barn
	Total Lifestyle Centers GLA									1,959,026


	Other Properties
1.	Bangor Mall	ME	Bangor	Fee	87.6	%	Acquired 2003	79.4	%	657,432		Macy's, JCPenney, Sears, Dick's Sporting Goods
2.	Calhoun Outlet Marketplace	GA	Calhoun	Fee	100.0	%	Acquired 2010	93.1	%	254,257		Ann Taylor, Carter's, Coach, Gap Outlet, Gymboree, Nike, Polo Ralph Lauren, Tommy Hilfiger
3.	Circle Centre	IN	Indianapolis	Property Lease (2097)	14.7	% (4) (2)	Built 1995	90.1	%	729,981		Carson's, United Artists Theatre, Indianapolis Star, Nada, Punch Bowl Social
4.	Florida Keys Outlet Marketplace	FL	Florida City	Fee	100.0	%	Acquired 2010	95.2	%	206,296		American Eagle, Carter's, Coach, Gap Outlet, Guess, Nike, Nine West, OshKosh B'gosh, Skechers, Tommy Hilfiger
5.	Gaffney Outlet Marketplace	SC	Gaffney (Greenville/Charlotte)	Fee	100.0	%	Acquired 2010	97	%	359,945		Adidas, Ann Taylor, Banana Republic, Azria, Brooks Brothers, Coach, Gap Outlet, J.Crew, Michael Kors, Nike, Polo Ralph Lauren, Under Armour
6.	Lebanon Outlet Marketplace	TN	Lebanon (Nashville)	Fee	100.0	%	Acquired 2010	90.6	%	227,523		Ann Taylor, Brooks Brothers, Coach, Eddie Bauer, Gap Outlet, Loft Outlet, Nike, Polo Ralph Lauren, Reebok, Samsonite
7.	Liberty Tree Mall	MA	Danvers (Boston)	Fee	49.1	% (4)	Acquired 1999	88	%	854,451		Marshalls, Target, Kohl's, Best Buy, Staples, AC Moore, AMC Theatres, Nordstrom Rack, Off Broadway Shoes, Sky Zone, Total Wine & More (6)
8.	Liberty Village Outlet Marketplace	NJ	Flemington (New York)	Fee	100.0	%	Acquired 2004	74.7	%	161,881		American Eagle Outfitters, Ann Taylor, Brooks Brothers, Calvin Klein, Coach, G.H. Bass & Co., J.Crew, Michael Kors, Polo Ralph Lauren, Timberland
9.	Lincoln Plaza	PA	King of Prussia (Philadelphia)	Fee	85.5	%	Acquired 2003	100	%	264,951		AC Moore, Michaels, T.J. Maxx, Home Goods, hhgregg, Raymour & Flanigan Outlet, DSW, Nordstrom Rack
10.	Orlando Outlet Marketplace	FL	Orlando	Fee	100.0	%	Acquired 2010	96.7	%	199,329		American Eagle, Calvin Klein, Nike, Nine West, Reebok, Skechers
11.	Osage Beach Outlet Marketplace	MO	Osage Beach	Fee	100.0	%	Acquired 2004	83.8	%	390,127		Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Eddie Bauer, Gap Outlet, Levi’s, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour
12 - 13.	The Mills Limited Partnership (TMLP)						Acquired 2007			2,914,189
	Total Other GLA									7,220,362	(16)
	Total U.S. Properties GLA									182,279,860

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties

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.

	(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 or big box 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.	Menlo Park Mall — 74,440 sq. ft.
Copley Place — 889,295 sq. ft.	Oxford Valley Mall — 134,536 sq. ft.
Domain, The — 156,240 sq. ft.	Plaza Carolina — 27,398 sq. ft.
Fashion Centre at Pentagon City, The — 169,089 sq. ft.	Southdale Center — 20,393 sq. ft.
Firewheel Town Center — 74,172 sq. ft.	Stanford Shopping Center — 39,474 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, 2016. 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)


			Avg. Base		Percentage of Gross
	Number of		Minimum Rent		Annual Rental
Year	Leases Expiring	Square Feet	PSF at 12/31/16		Revenues (2)
Inline Stores and Freestanding
Month to Month Leases	504	1,401,156	$	50.45	1.3	%
2017	2,270	7,085,182	$	49.34	6.5	%
2018	2,574	9,093,574	$	49.37	8.3	%
2019	2,107	7,892,781	$	48.70	7.2	%
2020	1,699	6,129,511	$	51.09	5.8	%
2021	1,913	7,527,352	$	48.72	6.9	%
2022	1,605	6,326,876	$	49.91	5.9	%
2023	1,706	6,472,119	$	55.56	6.8	%
2024	1,501	5,824,708	$	57.64	6.3	%
2025	1,503	5,569,706	$	61.59	6.4	%
2026	1,311	4,700,832	$	58.24	5.1	%
2027 and Thereafter	514	2,840,813	$	47.18	2.6	%
Specialty Leasing Agreements w/ terms in excess of 12 months	955	2,517,423	$	18.63	0.9	%
Anchors
2017	5	440,481	$	5.55	0.0	%
2018	14	1,830,469	$	4.95	0.2	%
2019	19	2,179,119	$	4.94	0.2	%
2020	24	2,940,472	$	4.67	0.3	%
2021	13	1,505,184	$	4.72	0.1	%
2022	17	2,347,303	$	6.13	0.2	%
2023	9	1,264,489	$	8.82	0.2	%
2024	11	659,968	$	11.82	0.1	%
2025	17	1,977,065	$	8.58	0.3	%
2026	5	486,695	$	8.66	0.1	%
2027 and Thereafter	24	3,100,963	$	5.03	0.3	%

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

	(2)		Annual rental revenues represent domestic 2016 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. With the exception of our Premium Outlets in Canada, all of our international properties are managed by third parties.

European Investments

At December 31, 2016, we owned 63,924,148 shares, or approximately 20.3%, of Klépierre, which had a quoted market price of $39.50 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.

As of December 31, 2016, we had a controlling interest in a European investee with interests in seven Designer Outlet properties. Six of the outlet properties are located in Europe and one outlet property is located in Canada. Of the six properties in Europe, two are in Italy and one each is in Austria, Germany, the Netherlands, and the United Kingdom. As of December 31, 2016, our legal percentage ownership interests in these entities ranged from 45% to 90%. In February 2016, we and our partner, through this European investee, acquired a noncontrolling 75.0% ownership interest in an outlet center in Ochtrup, Germany. On July 25, 2016, this European investee also acquired the remaining 33% interest in two Italian outlet centers in Naples and Venice. In addition, we have a noncontrolling interest in a European property management and development company that provides services to the Designer Outlet properties.

We own a 14.6% 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 99.5% leased as of December 31, 2016.

The following property tables summarize certain data for our international properties as of December 31, 2016 and do not include our equity investment in Klépierre or our cost method investment in Value Retail PLC and affiliated entities.

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

International Properties


		City	Ownership	SPG Effective			Total Gross
	COUNTRY/Property Name	(Metropolitan area)	Interest	Ownership		Year Built	Leasable Area (1)	Retail Anchors and Major Tenants
	JAPAN
1.	Ami Premium Outlets	Ami (Tokyo)	Fee	40.0	%	2009	315,000	Adidas, Banana Republic, Beams, Brooks Brothers, Coach, Gap Outlet, McGregor, Nike, Tommy Hilfiger, Ralph Lauren
2.	Gotemba Premium Outlets	Gotemba City (Tokyo)	Fee	40.0	%	2000	481,500	Adidas, Armani, Balenciaga, Bally, Banana Republic, Bottega Veneta, Burberry, Coach, 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, Etro, Gap Outlet, Gucci, Harrod's, Loro Piana, Nike, Polo Ralph Lauren, Salvatore Ferragamo, Theory, Tod's, Tommy Hilfiger, Valentino
4.	Rinku Premium Outlets	Izumisano (Osaka)	Ground Lease (2031)	40.0	%	2000	416,500	Adidas, Armani, Bally, Beams, Brooks Brothers, Coach, Dolce & Gabbana, Dunhill, Eddie Bauer, Etro, Furla, Gap Outlet, Kate Spade New York, Lacoste, Lanvin Collection, Olive des Olive, Nike, Ralph Lauren, Tommy Hilfiger, United Arrows
5.	Sano Premium Outlets	Sano (Tokyo)	Fee	40.0	%	2003	390,800	Adidas, Armani, Beams, Brooks Brothers, Coach, Dunhill, Eddie Bauer, Etro, Furla, Gap Outlet, Gucci, Harrod's, Kate Spade New York, Michael Kors, 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, Jill Stuart, Levi’s, Ralph Lauren, Tasaki, TaylorMade, United Arrows
7.	Shisui Premium Outlets	Shisui (Chiba), Japan	Ground Lease (2033)	40.0	%	2013	365,900	Banana Republic, Brooks Brothers, Citizen, Coach, Dunhill, Gap, Marmot, Michael Kors, Samsonite, Tommy Hilfiger, United Arrows
8.	Toki Premium Outlets	Toki (Nagoya)	Ground Lease (2033)	40.0	%	2005	367,700	Adidas, Beams, Brooks Brothers, Coach, 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, Beams, Bose, Brooks Brothers, Coach, Courreges, Dolce & Gabbana, Furla, Gap Outlet, Michael Kors, Miki House, Olive des Olive, Nike, Puma, Theory, Tommy Hilfiger
	Subtotal Japan						3,233,000

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

International Properties


		City	Ownership	SPG Effective			Total Gross
	COUNTRY/Property Name	(Metropolitan area)	Interest	Ownership		Year Built	Leasable Area (1)	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, 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, Dolce & Gabbana, 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)	Ground Lease (2040)	50.0	%	2011	442,900	Armani, Banana Republic, Bean Pole, Calvin Klein, Coach, 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, 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, Gap, Guess, Lacoste, Levi's, Michael Kors, Nike, Salvatore Ferragamo, Timberland, Tommy Hilfiger, Zegna
	Subtotal Malaysia						264,400
	CANADA
15.	Toronto Premium Outlets (2)	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	365,800	Adidas, American Eagle Outfitters, Banana Republic, Calvin Klein, Gap, Lacoste, Michael Kors, Nike, Old Navy, Polo Ralph Lauren, Reebok, Tommy Hilfiger
	Subtotal Canada						724,200
	TOTAL INTERNATIONAL PREMIUM OUTLETS						5,909,300

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

International Properties


		City	Ownership	SPG Effective			Total Gross
	COUNTRY/Property Name	(Metropolitan area)	Interest	Ownership		Year Built	Leasable Area (1)	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, Furla, Geox, Gucci, Windsor Strellson, Michael Kors, Porsche Design, Prada, Swarovski, Zegna
	Phases 3 & 4					Phase 4 — 2011
	Subtotal Austria						118,000
	ITALY
2.	La Reggia Designer Outlet	Marcianise (Naples)	Fee	90.0	%	Phase 1 — 2010	288,000	Adidas, Armani, Calvin Klein, Lacoste, Lui Jo, Michael Kors, Nike, Pinko, Polo Ralph Lauren, Roberto Cavalli, Timberland, Tommy Hilfiger, Valentino, Versace
	Phases 1 & 2					Phase 2a — 2010
						Phase 2b — 2011
3.	Noventa Di Piave Designer	Venice	Fee	90.0	%	Phase 1 — 2008	324,000	Armani, Bally, Bottega Veneta, Brioni, Burberry, Calvin Klein, Fendi, Gucci, Loro Piana, Michael Kors, Nike, Pinko, Paul Smith, Prada, Salvatore Ferragamo, Sergio Rossi,Tommy Hilfiger, Valentino, Versace, Zegna
	Outlet Phases 1, 2, & 3					Phase 2 — 2010
						Phase 3 — 2012
						Phase 4a - 2016
	Subtotal Italy						612,000
	NETHERLANDS
4.	Roermond Designer Outlet	Roermond	Fee	90.0	%	Phase 2 — 2005	173,000	Armani, Bally, Burberry, Calvin Klein Jeans, Furla, Gucci, Loro Piana, Michael Kors, Moncler, Mulberry, Prada, Ralph Lauren Luxury, Swarovski, Tod's, Tommy Hilfiger, UGG, Zegna
	Phases 2 & 3					Phase 3 — 2011



	Subtotal Netherlands						173,000
	UNITED KINGDOM
5.	Ashford Designer Outlet	Kent	Fee	45.0	%	2000	183,000	Adidas, CK Jeans, Clarks, Fossil, French Connection, Gap, Guess, Lacoste, Levis, Marks & Spencer, Next, Nike, Polo Ralph Lauren, Superdry, Tommy Hilfiger
	Subtotal England						183,000
	CANADA
6.	Vancouver Designer Outlets	Vancover	Ground Lease (2072)	45.0	%	2015	242,000	Armani, Banana Republic, Brooks Brothers Factory, Calvin Klein, Coach, Gap, J. Crew Factory, Levi's, Michael Kors, Nike, Polo Ralph Lauren Factory, Tommy Hilfiger
	Subtotal Canada						242,000
	GERMANY
	Ochtrup Designer Outlets	Ochtrup	Fee	70.5	%	2016	191,500	Adidas, Clarks, Ecco, Lacoste, Lindt, Nike, Pick Nick, Quiksilver, Samsonite, Schiesser, Seidensticker, Steiff, Tom Tailor, Vero Moda, Watch Station
							191,500
	Total International Designer Outlets						1,519,500

FOOTNOTES:

	(1)		All gross leasable area listed in square feet.

	(2)		Property is undergoing an expansion

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

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 focuses on four key areas: Properties, Customers, Communities, and Employees.

We leverage sustainability to achieve cost efficiencies in our operations. By implementing a range of energy management practices and continuous energy monitoring and reporting, we have reduced our energy consumption at comparable properties every year since 2003. As a result, excluding new developments, we have reduced the electricity usage over which we have direct control by 331 million kWhs since 2003. This represents a 33% reduction in electricity usage across a portfolio of comparable properties.

Our reduction in greenhouse gas emissions resulting from our energy management efforts in the same time period is 207,543 metric tons of CO2e. This figure only includes emission streams that have been consistently tracked since 2003. Additional emission streams, such as emissions generated from solid waste management, use of refrigerants and tenants’ plug-load consumptions, were included in Simon’s sustainability disclosure since 2013 and are reported in Simon’s annual sustainability report published in accordance with the guidelines of the Global Reporting Initiatives (GRI), the most widely used international standard for sustainability reporting.

Simon’s sustainability performance was once again recognized by international organizations. In 2016, Simon was awarded a score of A- by CDP, identifying us as a leader in the retail real estate sector for driving significant reduction in emissions. Simon was also awarded a Green Star ranking - the highest designation awarded for leadership in sustainability performance by the Global Real Estate Sustainability Benchmark (GRESB).

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, 2016

(Dollars in thousands)


	Interest			Face		Annual Debt		Maturity
Property Name	Rate			Amount		Service (1)		Date

Consolidated Indebtedness:
Secured Indebtedness:
Arizona Mills	5.76	%		158,966		12,268		07/01/20
Bangor Mall	6.15	%		80,000		4,918	(2)	10/01/17
Battlefield Mall	3.95	%		122,131		7,118		09/01/22
Birch Run Premium Outlets	4.21	%		123,000		5,177	(2)	02/06/26
Calhoun Outlet Marketplace	4.17	%		19,316	(19)	1,140		06/01/26
Carolina Premium Outlets	3.36	%		46,338		2,675		12/01/22
Domain, The	5.44	%		191,842		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 Marketplace	4.17	%		17,000		709	(2)	12/01/25
Gaffney Outlet Marketplace	4.17	%		31,203	(19)	1,841		06/01/26
Grand Prairie Premium Outlets	3.66	%		118,388		6,596		04/01/23
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	3.99	%		273,866		15,736		10/01/26
Hagerstown Premium Outlets	4.26	%		77,000		3,279	(2)	02/06/26
Independence Center	5.94	%		200,000		11,886	(2)	07/10/17
Ingram Park Mall	5.38	%		133,092		9,746		06/01/21
La Reggia Designer Outlets Phases 1 & 2	1.13	%	(25)	56,798	(30)	5,249		03/31/27
Lee Premium Outlets	4.17	%		53,491	(19)	3,157		06/01/26
Merrimack Premium Outlets	3.78	%		126,534		7,247		07/01/23
Midland Park Mall	4.35	%		78,807		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
Noventa Di Piave Designer Outlet Phases 1, 2, 3	1.68	%	(11)	90,947	(30)	1,529	(2)	06/30/20
Opry Mills	4.09	%		375,000		15,345	(2)	07/01/26
Oxford Valley Mall	4.77	%		63,931		4,456		12/07/20
Parndorf Designer Outlet	1.90	%		97,293	(30)	1,849	(2)	05/25/22
Penn Square Mall	3.84	%		310,000		11,910	(2)	01/01/26
Pismo Beach Premium Outlets	3.33	%		36,823	(20)	1,953		09/01/26
Plaza Carolina	2.12	%	(1)	225,000		4,774	(2)	09/30/17
Potomac Mills	3.46	%		416,000		14,383	(3)	11/01/26
Provence Designer Outlet	2.50	%	(33)	44,099	(30)	1,102	(2)	07/27/22	(3)
Puerto Rico Premium Outlets	2.12	%	(1)	125,000		2,652	(2)	09/30/17
Queenstown Premium Outlets	3.33	%		64,689	(20)	3,430		09/01/26
Roermond Designer Outlet	1.88	%		243,232	(30)	4,568	(2)	12/18/21
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	%		150,206		8,713		04/01/23
Southridge Mall	3.85	%		121,703		7,036		06/06/23

Mortgage and Unsecured Debt

As of December 31, 2016

(Dollars in thousands)


	Interest				Face			Annual Debt		Maturity
Property Name	Rate				Amount			Service (1)		Date

Summit Mall	3.31	%			85,000			2,817	(2)	10/01/26
The Crossings Premium Outlets	3.41	%			112,647			6,131		12/01/22
Town Center at Cobb	4.76	%			191,885			12,530		05/01/22
University Park Village	3.85	%			55,000			2,118	(2)	05/01/28
White Oaks Mall	3.52	%	(28)		51,500			1,000		06/01/23	(3)
Williamsburg Premium Outlets	4.23	%			185,000			7,824	(2)	02/06/26
Wolfchase Galleria	4.15	%			164,555			9,620		11/01/26
Woodland Hills Mall	7.79	%			88,943			8,414		04/05/19
Total Consolidated Secured Indebtedness				$	6,464,225
Unsecured Indebtedness:
Simon Property Group, LP:
Global Commercial Paper - Euro	(0.25)	%	(16)	$	79,315	(18)	$	(198)	(2)	01/11/17
Global Commercial Paper - USD	0.83	%	(16)	$	874,350			7,290	(2)	06/16/17
Supplemental Credit Facility - USD	1.57	%	(15)	$	125,000			1,965	(2)	06/30/20	(3)
Supplemental Credit Facility - Yen Currency	0.80	%	(15)	$	191,499	(23)		1,532	(2)	06/30/20	(3)
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 - 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 - 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 - 30A	2.50	%		$	550,000			13,750	(14)	07/15/21
Unsecured Notes - 30B	3.30	%		$	800,000			26,400	(14)	01/15/26
Unsecured Notes - 31A	2.35	%		$	550,000			12,925	(14)	01/30/22
Unsecured Notes - 31B	3.25	%		$	750,000			24,375	(14)	11/30/26
Unsecured Notes - 31C	4.25	%		$	550,000			23,375	(14)	11/30/46
Unsecured Notes - Euro 1	2.38	%		$	793,148	(8)		18,837	(6)	10/02/20
Unsecured Notes - Euro 2	1.38	%		$	793,148	(13)		10,906	(6)	11/18/22
Unsecured Notes - Euro 3	1.25	%		$	528,765	(10)		6,610	(6)	05/13/25
Total Consolidated Unsecured Indebtedness				$	16,635,225
Total Consolidated Indebtedness at Face Amounts				$	23,099,450
Premium on Indebtedness					21,916
Discount on Indebtedness					(46,426)
Debt Issuance Costs on Fixed-Rate Indebtedness					(97,836)

Mortgage and Unsecured Debt

As of December 31, 2016

(Dollars in thousands)


	Interest				Face		Annual Debt		Maturity
Property Name	Rate				Amount		Service (1)		Date

Total Consolidated Indebtedness				$	22,977,104
Our Share of Consolidated Indebtedness				$	22,836,945
Joint Venture Indebtedness:
Secured Indebtedness:
Ami Premium Outlets	1.81	%	(12)		60,633	(26)	8,468		09/25/23
Ashford Designer Outlet	3.02	%	(34)		49,151	(21)	1,485	(2)	01/31/17
Arundel Mills	4.29	%			385,000		16,509	(2)	02/06/24
Auburn Mall	6.02	%			38,484		3,027		09/01/20
Aventura Mall	3.75	%			1,200,000		45,002	(2)	12/01/20
Aventura Mall Expansion	2.72	%	(1)		96,045		2,614	(2)	12/30/20	(3)
Avenues, The	3.60	%			110,000		3,960	(2)	02/06/23
Briarwood Mall	3.29	%			165,000		5,432	(2)	09/01/26
Busan Premium Outlets - Fixed	3.72	%			66,954	(17)	2,492	(2)	06/20/22
Busan Premium Outlets - Variable	3.52	%	(27)		30,283	(17)	1,066	(2)	02/13/17
California Department Stores	6.53	%			31,300		2,044	(2)	11/01/17
Cape Cod Mall	5.75	%			92,072		7,003		03/06/21
Charlotte Premium Outlets	2.22	%	(1)		90,000		2,000	(2)	11/24/19	(3)
Circle Centre	3.67	%	(24)		65,000		3,228		01/28/20	(3)
Clarksburg Premium Outlets	2.37	%	(1)		118,194		2,803	(2)	11/20/20	(3)
Coconut Point	3.95	%			190,000		7,511	(2)	10/01/26
Coddingtown Mall	2.42	%	(1)		10,650		839		07/28/21	(3)
Colorado Mills - 1	4.28	%			136,000		5,824	(2)	11/01/24
Colorado Mills - 2	5.04	%			26,995		1,811		07/01/21
Concord Mills	3.84	%			235,000		9,015	(2)	11/01/22
Crystal Mall	4.46	%			91,179		5,749		06/06/22
Dadeland Mall	4.50	%			427,206		27,361		12/05/21
Del Amo Fashion Center	2.27	%	(1)		510,000		11,586	(2)	01/20/20	(3)
Domain Westin	4.12	%			68,546		4,069		09/01/25
Dover Mall	5.57	%			86,928		6,455		08/06/21
Emerald Square Mall	4.71	%			106,980		7,165		08/11/22
Falls, The	3.45	%			150,000		5,175	(2)	09/01/26
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	%			449,389		28,208		01/04/21
Florida Mall, The	5.25	%			336,915		24,849		09/05/20
Galleria, The	3.55	%			1,200,000		42,598	(2)	03/01/25
Gloucester Premium Outlets	2.17	%	(1)		83,925		1,823	(2)	06/19/19	(3)
Grapevine Mills	3.83	%			268,000		10,272	(2)	10/01/24
Gotemba Premium Outlets	0.27	%	(12)		6,773	(26)	4,533		02/28/18
Hamilton Town Center	4.81	%			81,840		5,293		04/01/22
Johor Premium Outlets	4.98	%	(7)		10,873	(9)	6,547		10/14/20
Katy Mills	3.49	%			140,000		4,886	(2)	12/06/22
Kobe-Sanda Premium Outlets	0.34	%	(12)		30,912	(26)	1,653		01/31/20
Lehigh Valley Mall	5.88	%			126,700		9,943		07/05/20

Mortgage and Unsecured Debt

As of December 31, 2016

(Dollars in thousands)


	Interest			Face		Annual Debt		Maturity
Property Name	Rate			Amount		Service (1)		Date

Liberty Tree Mall	3.41	%		32,512		1,866		05/06/23
Mall at Rockingham Park, The	4.04	%		262,000		10,585	(2)	06/01/26
Mall at Tuttle Crossing, The	3.56	%		123,490		6,789		05/01/23
Mall of New Hampshire, The	4.11	%		150,000		6,162	(2)	07/01/25
Meadowood Mall	5.82	%		116,492		8,818		11/06/21
Miami International Mall	4.42	%		160,000		7,072	(2)	02/06/24
Northshore Mall	3.30	%		255,579		14,453		07/05/23
Ochtrup Designer Outlet	2.49	%	(35)	46,457	(30)	2,616		06/30/21
Ontario Mills	4.25	%		319,603		20,661		03/05/22
Outlets at Orange, The	4.22	%		215,000		9,067	(2)	04/01/24
Paju Premium Outlets	3.79	%		67,536	(17)	2,561	(2)	03/27/20
Phipps Plaza Residential	2.52	%	(1)	26,827		676	(2)	10/16/19	(3)
Phipps Plaza Hotel	2.77	%	(1)	21,224		588	(2)	12/17/19	(3)
POC Edmonton Intl Airport	2.24	%	(4)	364	(22)	8	(2)	11/10/21	(3)
Premium Outlets Montréal	2.24	%	(4)	80,649	(5)	1,807	(2)	09/10/17
Quaker Bridge Mall	4.50	%		180,000		8,100	(2)	05/01/26
Rinku Premium Outlets	0.29	%	(12)	10,321	(26)	1,750		07/31/17
Sano Premium Outlets	0.32	%	(12)	2,194	(26)	2,845		05/31/18
Sendai-Izumi Premium Outlets	0.30	%	(12)	6,537	(26)	3,288		10/31/18
Shisui Premium Outlets - Variable	0.26	%	(12)	31,308	(26)	4,899		05/31/18
Shisui Premium Outlets - Fixed	0.38	%		43,004	(26)	163	(2)	05/29/22
Shops at Clearfork	2.52	%	(1)	72,338		1,824	(2)	03/18/21	(3)
Shops at Crystals	3.74	%		550,000		20,592	(2)	07/01/26
Shops at Mission Viejo, The	3.61	%		295,000		10,650	(2)	02/01/23
Siheung Premium Outlets	3.28	%		58,078	(17)	1,905	(2)	03/15/23
Silver Sands Premium Outlets	3.93	%		100,000		3,930	(2)	06/01/22
Smith Haven Mall	1.97	%	(1)	180,000		3,549	(2)	05/29/20	(3)
Solomon Pond Mall	4.01	%		101,685		6,309		11/01/22
Southdale Residential	4.46	%		41,005		2,530		10/15/35
Springfield Mall	4.45	%		63,818		3,928		10/06/25
Square One Mall	5.47	%		93,007		6,793		01/06/22
Stoneridge Shopping Center	3.50	%		330,000		11,550	(2)	09/05/26
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 Columbus	2.42	%	(1)	85,000		2,058	(2)	11/28/21	(3)
Tanger Outlets - Galveston/Houston	2.27	%	(1)	65,000		1,477	(2)	07/01/18	(3)
Toki Premium Outlets - Fixed	0.38	%		25,803	(26)	97	(2)	11/30/19
Toki Premium Outlets - Variable	0.81	%	(12)	5,352	(26)	43	(2)	05/31/20
Toronto Premium Outlets	3.11	%		126,130	(5)	3,917	(2)	06/01/22
Tosu Premium Outlets	0.29	%	(12)	14,019	(26)	2,019	(2)	07/31/21
Twin Cities Premium Outlets	4.32	%		115,000		4,968	(2)	11/06/24
Vancouver Designer Outlet	2.79	%	(4)	76,716	(32)	2,140	(2)	06/19/18	(3)
West Town Mall	6.34	%		210,000		13,309	(2)	12/01/17
Westchester, The	6.00	%		338,942		26,980		05/05/20

Mortgage and Unsecured Debt

As of December 31, 2016

(Dollars in thousands)


	Interest			Face		Annual Debt		Maturity
Property Name	Rate			Amount		Service (1)		Date

Woodfield Mall	4.50	%		425,000		19,125	(2)	03/05/24
Yeoju Premium Outlets	4.10	%		69,779	(17)	2,863	(2)	09/06/20
Total Joint Venture Secured Indebtedness at Face Value			$	13,860,696
TMLP Indebtedness at Face Value			$	434,658	(29)
Total Joint Venture and TMLP Indebtedness at Face Value			$	14,295,354
Premium on Indebtedness				3,337
Debt Issuance Costs				(61,115)
Total Joint Venture Indebtedness			$	14,237,576
Our Share of Joint Venture Indebtedness			$	6,743,252	(31)

	(1)		Variable rate loans based on 1M LIBOR plus interest rate spreads ranging from 80 bps to 290 bps. 1M LIBOR as of December 31, 2016 was 0.77%.

	(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, 2016 was 0.94%.

	(5)		Amount shown in USD equivalent. CAD Equivalent is 278.7 million.

	(6)		Requires annual payment of interest only.

	(7)		Variable rate loans based on Cost of Fund plus interest rate spread of 150 bps. Cost of Fund as of December 31, 2016 was 3.48%.

	(8)		Amount shown in USD equivalent. Euro equivalent is 750.0 million.

	(9)		Amount shown in USD equivalent. Ringgit equivalent is 48.7 million.

	(10)		Amount shown in USD equivalent. Euro equivalent is 500.0 million.

	(11)		Variable rate loan based on 3M EURIBOR plus an interest rate spread of 200 bps. 3M EURIBOR at December 31, 2016 was -0.32%. In addition, 3M EURIBOR is capped at 1.00%.

	(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, 2016, 1M YEN LIBOR and 6M YEN LIBOR were -0.08% and 0.01%, respectively.

	(13)		Amount shown in USD equivalent. Euro equivalent is 750.0 million.

	(14)		Requires semi‑annual payments of interest only.

	(15)		$3.5 Billion Supplemental Credit Facility. As of December 31, 2016, the Supplemental Credit Facility — USD Currency bears interest at LIBOR + 80 bps, the Supplemental Credit Facility — Yen Currency bears interest at Yen LIBOR + 80 bps and the Supplemental Credit Facility — Euro Currency bears interest at 1M EURO LIBOR + 80 bps and provide for different pricing based upon our investment grade rating. As of December 31, 2016, $6.2 billion was available after outstanding borrowings and letters of credit under our Credit Facilities.

	(16)		Reflects the latest maturity date and weighted average interest rate of all outstanding tranches of commercial paper at December 31, 2016.

	(17)		Amount shown in USD equivalent. Won equivalent is 352.7 billion.

	(18)		Amount shown in USD equivalent. Euro equivalent is 75.0 million.

	(19)		Loans secured by these three properties are cross‑collateralized and cross‑defaulted.

	(20)		Loans secured by these two properties are cross‑collateralized and cross‑defaulted.

Mortgage and Unsecured Debt

As of December 31, 2016

(Dollars in thousands)

	(21)		Amount shown in USD equivalent. GBP equivalent is 40.0 million.

	(22)		Amounts shown in USD equivalent. CAD equivalent is 0.5 million.

	(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 an interest rate spread of 135 bps. 6M EURIBOR at December 31, 2016 was −0.22%.

	(26)		Amount shown in USD equivalent. Yen equivalent is 27.5 billion.

	(27)		Variable rate loans based on 91 Day Korean CD rate plus interest rate spread of 200 bps. The 91 Day Korean CD rate as of December 31, 2016 was 1.52%.

	(28)		Variable rate loan based on 1M LIBOR plus an interest rate spread of 275 bps. In addition, 1M LIBOR is capped at 5.00%.

	(29)		Consists of two properties with interest rates ranging from 5.65% to 7.32% and maturities between 2018 and 2019.

	(30)		Amount shown in USD equivalent. Euro equivalent is 547.3 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 $400.5 million of payment guarantees provided by the Operating Partnership (of which $87.3 million is recoverable from our venture partner under the partnership agreement).

	(32)		Amounts shown in USD equivalent. CAD equivalent is 103.4 million.

	(33)		Variable rate loan based on 3M EURIBOR plus an interest rate spread of 250 bps. Through an interest rate floor agreement, 3M EURIBOR is currently fixed at 0.00%. In addition, 3M EURIBOR is capped at 1.00%.

	(34)		Variable rate loan based on 1M LIBOR plus an interest rate spread of 225 bps. 1M LIBOR at December 31, 2016 was 0.77%.

	(35)		Associated with this loan is an interest rate swap agreement that effectively fixes the interest rate on this loan at the all-in rate presented.

The changes in consolidated mortgages and unsecured indebtedness for the years ended December 31, 2016, 2015 and 2014 are as follows:


	2016		2015		2014
Balance, Beginning of Year	$	22,416,682	$	20,768,254	$	22,584,504
Additions during period:
New Loan Originations		14,760,261		6,095,011		2,273,014
Loans assumed in acquisitions and consolidation		448,559		405,000		166,950
Net Premium		(9,822)		6,980		8,747
Net Debt Issuance Costs		(34,048)		(10,908)		20,929
Deductions during period:
Loan Retirements		(14,549,425)		(4,750,606)		(4,164,574)
Amortization of Net Premiums		(14,583)		(16,107)		(24,092)
Debt Issuance Cost Amortization		21,702		10,156		(20,255)
Scheduled Principal Amortization		(62,222)		(91,098)		(76,969)
Balance, Close of Year	$	22,977,104	$	22,416,682	$	20,768,254

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