Item 16. Form 10-K Summary

None.

EXHIBIT INDEX

Exhibits
2.1		Separation and Distribution Agreement by and among Simon Property Group, Inc., Simon Property Group, L.P., Washington Prime Group Inc. and Washington Prime Group, L.P., dated as of May 27, 2014 (incorporated by reference to Exhibit 2.1 of the Registrant’s Current Report on Form 8‑K filed May 29, 2014).
3.1		Restated Certificate of Incorporation of Simon Property Group, Inc. (incorporated by reference to Appendix A of Simon Property Group, Inc.’s Proxy Statement on Schedule 14A filed March 27, 2009.
3.2		Amended and Restated By-Laws of Simon Property Group, Inc. as adopted on March 20, 2017 (incorporated by reference to Exhibit 3.1 of Simon Property Group, Inc.’s Current Report on Form 8-K filed March 24, 2017).
3.3		Certificate of Powers, Designations, Preferences and Rights of the 83/8% Series J Cumulative Redeemable Preferred Stock, $0.0001 Par Value (incorporated by reference to Exhibit 3.2 of Simon Property Group, Inc.’s Current Report on Form 8‑K filed October 20, 2004.
3.4		Certificate of Designation of Series A Junior Participating Redeemable Preferred Stock (incorporated by reference to Exhibit 3.1 of Simon Property Group, Inc.’s Current Report on Form 8‑K filed May 15, 2014).
3.5		Second Amended and Restated Certificate of Limited Partnership of the Limited Partnership (incorporated by reference to Exhibit 3.1 of Simon Property Group, L.P.'s Annual Report on Form 10-K filed March 31, 2003.
3.6		Eighth Amended and Restated Limited Partnership Agreement of Simon Property Group, L.P. dated as of May 8, 2008 (incorporated by reference to Exhibit 10.1 of Simon Property Group, Inc.’s Current Report on Form 8‑K filed May 9.
3.7		Certificate of Designation of Series B Junior Participating Redeemable Preferred Units of Simon Property Group, L.P. (incorporated by reference to Exhibit 3.1 of Simon Property Group, L.P.'s Quarterly Report on Form 10-Q filed August 8, 2014).
3.8		Agreement between Simon Property Group, Inc. and Simon Property Group, L.P. dated March 7, 2007, but effective as of August 27, 1999, regarding a prior agreement filed under an exhibit 99.1 to Form S-3/A of Simon Property Group, L.P. on November 20, 1996 (incorporated by reference to Exhibit 3.4 of Simon Property Group, L.P.'s Annual Report on Form 10-K filed March 16, 2007.
3.9		Agreement between Simon Property Group, Inc. and Simon Property Group, L.P. dated April 29, 2009, but effective as of October 14, 2004, regarding redemption of the Registrant's Series I Preferred Units (incorporated by reference to Exhibit 3.2 of Simon Property Group, L.P.'s Quarterly Report on Form 10-Q filed May 8, 2009.
4.1	(a)	Indenture, dated as of November 26, 1996, by and among Simon Property Group, L.P. and The Chase Manhattan Bank, as trustee (incorporated by reference to Exhibit 4.1 of Simon Property Group, L.P.'s Registration Statement on Form S-3 filed October 21, 1996 (Reg. No. 333-11491)).
9.1		Second Amended and Restated Voting Trust Agreement, Voting Agreement and Proxy dated as of March 1, 2004 between Melvin Simon & Associates, Inc., on the one hand and Melvin Simon, Herbert Simon and David Simon on the other hand (incorporated by reference to Exhibit 9.1 of Simon Property Group, Inc.’s Quarterly Report on Form 10‑Q filed May 10, 2004.
9.2		Voting Trust Agreement, Voting Agreement and Proxy dated as of March 1, 2004 between David Simon, Melvin Simon and Herbert Simon (incorporated by reference to Exhibit 9.2 of Simon Property Group, Inc.’s Quarterly Report on Form 10‑Q filed May 10, 2004.
10.1		Form of the Indemnity Agreement between Simon Property Group, Inc. and its directors and officers (incorporated by reference to Exhibit 10.7 of Simon Property Group, Inc.’s Form S‑4 filed August 13, 1998 (Reg. No. 333‑61399)).
10.2		Registration Rights Agreement, dated as of September 24, 1998, by and among Simon Property Group, Inc. and the persons named therein (incorporated by reference to Exhibit 4.4 of Simon Property Group, Inc.’s Current Report on Form 8‑K filed October 9, 1998.

Exhibits
10.3		Registration Rights Agreement, dated as of August 27, 1999 by and among Simon Property Group, Inc. and the persons named therein (incorporated by reference to Exhibit 4.4 of the Registration Statement on Form S‑3 filed March 24, 2004 (Reg. No. 333‑113884)).
10.4		Registration Rights Agreement, dated as of November 14, 1997, by and between O’Connor Retail Partners, L.P. and Simon DeBartolo Group, Inc. (incorporated by reference to Exhibit 4.8 of the Registration Statement on Form S‑3 filed December 7, 2001 (Reg. No. 333‑74722)).
10.5		Form of Global Dealer Agreement, dated October 6, 2014 (incorporated by reference to Exhibit 10.2 of Simon Property Group, L.P.’s Current Report on Form 8‑K filed October 7, 2014).
10.6*		Simon Property Group, L.P. Amended and Restated 1998 Stock Incentive Plan (incorporated by reference to Exhibit 10.1 of Simon Property Group, Inc.’s Current Report on Form 8‑K filed April 10, 2014).
10.7*		Form of Nonqualified Stock Option Award Agreement under the Simon Property Group, L.P. 1998 Stock Incentive Plan (incorporated by reference to Exhibit 10.8 of Simon Property Group, Inc.’s Annual Report on Form 10‑K filed March 16.
10.8*		Form of Performance‑Based Restricted Stock Award Agreement under the Simon Property Group, L.P. 1998 Stock Incentive Plan (incorporated by reference to Exhibit 10.9 of Simon Property Group, Inc.’s Annual Report on Form 10-K filed February 28, 2007.
10.9*		Form of Performance‑Based Restricted Stock Award Agreement under the Simon Property Group, L.P. 1998 Stock Incentive Plan (incorporated by reference to Exhibit 10.9 of Simon Property Group, Inc.’s Annual Report on Form 10-K filed February 28, 2007.
10.10*		Employment Agreement between Simon Property Group, Inc. and David Simon effective as of July 6, 2011 (incorporated by reference to Exhibit 10.2 of Simon Property Group, Inc.’s Current Report on Form 8‑K filed July 7, 2011).
10.11*		First Amendment to Employment Agreement between Simon Property Group, Inc. and David Simon, dated as of March 29, 2013 (incorporated by reference to Exhibit 10.1 of Simon Property Group, Inc.’s Current Report on Form 8‑K filed April 4, 2013).
10.12*		Non‑Qualified Deferred Compensation Plan dated as of December 31, 2008 (incorporated by reference to Exhibit 10.1 of Simon Property Group, Inc.’s Quarterly Report on Form 10‑Q filed November 5, 2009.
10.13*		Amendment — 2008 Performance Based‑Restricted Stock Agreement dated as of March 6, 2009 (incorporated by reference to Exhibit 10.2 of Simon Property Group, Inc.’s Quarterly Report on Form 10‑Q filed November 5, 2009.
10.14*		Certificate of Designation of Series 2010 LTIP Units of Simon Property Group, L.P. (incorporated by reference to Exhibit 10.4 of Simon Property Group, Inc.'s Current Report on Form 8-K filed March 19, 2010).
10.15*		Form of Series 2010 LTIP Unit (Three Year Program) Award Agreement under the Simon Property Group, L.P. 1998 Stock Incentive Plan (incorporated by reference to Exhibit 10.1 of Simon Property Group, Inc.’s Current Report on Form 8‑K filed March 19, 2010).
10.16*		Form of Series 2010 LTIP Unit (Two Year Program) Award Agreement under the Simon Property Group, L.P. 1998 Stock Incentive Plan (incorporated by reference to Exhibit 10.2 of Simon Property Group, Inc.’s Current Report on Form 8‑K filed March 19, 2010).
10.17*		Form of Series 2010 LTIP Unit (One Year Program) Award Agreement under the Simon Property Group, L.P. 1998 Stock Incentive Plan (incorporated by reference to Exhibit 10.3 of Simon Property Group, Inc.’s Current Report on Form 8‑K filed March 19, 2010).
10.18*		Certificate of Designation of Series CEO LTIP Units of Simon Property Group, L.P. (incorporated by reference to Exhibit 10.3 of Simon Property Group, Inc.'s Current Report on Form 8-K filed July 7, 2011).
10.19*		Simon Property Group Series CEO LTIP Unit Award Agreement (incorporated by reference to Exhibit 10.4 of Simon Property Group, Inc.’s Current Report on Form 8‑K filed July 7, 2011).

Exhibits
10.20*		First Amendment to Simon Property Group Series CEO LTIP Unit Award Agreement dated as of December 22, 2011 (incorporated by reference to Exhibit 10.24 of Simon Property Group, Inc.’s Annual Report on Form 10‑K filed February 28, 2012).
10.21*		Second Amendment to Simon Property Group Series CEO LTIP Unit Award Agreement, dated as of March 29, 2013 (incorporated by reference to Exhibit 10.2 of Simon Property Group, Inc.’s Current Report on Form 8‑K filed April 4, 2013).
10.22*		Simon Property Group Amended and Restated Series CEO LTIP Unit Award Agreement, dated as of December 31, 2013 (incorporated by reference to Exhibit 10.1 of Simon Property Group, Inc.’s Current Report on Form 8‑K filed January 2, 2014).
10.23*		Certificate of Designation of Series 2011 LTIP Units of Simon Property Group, L.P. (incorporated by reference to Exhibit 10.5 of Simon Property Group, Inc.'s Current Report on Form 8-K filed July 7, 2011).
10.24*		Form of Simon Property Group Series 2011 LTIP Unit Award Agreement (incorporated by reference to Exhibit 10.6 of Simon Property Group, Inc.’s Current Report on Form 8‑K filed July 7, 2011).
10.25*		Certificate of Designation of Series 2012 LTIP Units of Simon Property Group, L.P. (incorporated by reference to Exhibit 10.2 of Simon Property Group, L.P.'s Quarterly Report on Form 10-Q filed May 11, 2012).
10.26*		Amended and Restated Certificate of Designation of Series 2012 LTIP Units of Simon Property Group, L.P. (incorporated by reference to Exhibit 10.5 of Simon Property Group, L.P.'s Quarterly Report on Form 10-Q filed May 7, 2014).
10.27*		Form of Simon Property Group Series 2012 LTIP Unit Award Agreement (incorporated by reference to Exhibit 10.1 of Simon Property Group, Inc.’s Quarterly Report on Form 10‑Q filed May 8, 2012).
10.28*		Simon Property Group Amended and Restated Series 2012 LTIP Unit Award Agreement (incorporated by reference to Exhibit 10.1 of Simon Property Group, Inc.’s Current Report on Form 8‑K filed April 28, 2014).
10.29*		Certificate of Designation of Series 2013 LTIP Units of Simon Property Group, L.P. (incorporated by reference to Exhibit 10.2 of Simon Property Group, L.P.'s Quarterly Report on Form 10-Q filed May 10, 2013).
10.30*		Form of Simon Property Group Series 2013 LTIP Unit Award Agreement (incorporated by reference to Exhibit 10.3 of Simon Property Group, Inc.’s Current Report on Form 8‑K filed April 4, 2013).
10.31*		Form of Simon Property Group Executive Officer LTIP Waiver, dated April 18, 2014 (incorporated by reference to Exhibit 10.2 of Simon Property Group, Inc.’s Current Report on Form 8‑K filed April 28, 2014).
10.32*		Simon Property Group CEO LTIP Unit Adjustment Waiver, dated April 18, 2014 (incorporated by reference to Exhibit 10.3 of Simon Property Group, Inc.’s Current Report on Form 8‑K filed April 28, 2014).
10.33*		Form of Simon Property Group Series 2014 LTIP Unit Award Agreement (incorporated by reference to Exhibit 10.2 of Simon Property Group, Inc.’s Quarterly Report on Form 10-Q filed May 7, 2014).
10.34*		Certificate of Designation of Series 2014 LTIP Units of Simon Property Group, L.P. (incorporated by reference to Exhibit 10.3 of Simon Property Group, L.P.'s Quarterly Report on Form 10-Q filed May 7, 2014).
10.35		Amended and Restated $2,750,000,000 Credit Agreement dated as of March 2, 2015 (incorporated by reference to Exhibit 10.1 of Simon Property Group, L.P.’s Current Report on Form 8‑K filed March 3, 2015).
10.36		Notice of Increase of Maximum Amount Under Global Dealer Agreement dated as of February 27, 2015 (incorporated by reference to Exhibit 10.2 of Simon Property Group, L.P.’s Current Report on Form 8‑K filed March 3, 2015).
10.37*		Form of Simon Property Group Series 2015 LTIP Unit Award Agreement (incorporated by reference to Exhibit 10.3 of Simon Property Group, Inc.’s Quarterly Report on Form 10‑Q/A for the quarter ended March 31, 2015 filed on January 13, 2016).

Exhibits
10.38*		Certificate of Designation of Series 2015 LTIP Units of Simon Property Group, L.P. (incorporated by reference to Exhibit 10.4 of Simon Property Group, L.P.'s Quarterly Report on Form 10-Q/A for the quarter ended March 31, 2015 filed on January 13, 2016).
10.39*		Form of Simon Property Group Series 2016 LTIP Unit Award Agreement (incorporated by reference to Exhibit 10.1 of Simon Property Group, Inc.’s Quarterly Report on Form 10‑Q for the quarter ended March 31, 2016 filed on May 5, 2016).
10.40*		Form of Certificate of Designation of Series 2016 LTIP Units of Simon Property Group, L.P. (incorporated by reference to Exhibit 10.2 of Simon Property Group, Inc.’s Quarterly Report on Form 10‑Q for the quarter ended March 31, 2016 filed on May 5, 2016).
10.41		Amendment No. 1 to Amended and Restated Credit Agreement, dated as of April 6, 2016 (incorporated by reference to Exhibit 10.1 of Simon Property Group, L.P.’s Current Report on Form 8-K filed April 7, 2016).
10.42		Amended and Restated $4,000,000,000 Credit Agreement, dated as of March 17, 2017 (incorporated by reference to Exhibit 99.2 of Simon Property Group, L.P.’s Current Report on Form 8-K filed March 20, 2017).
12.1		Simon Property Group, Inc. — Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends.
12.2		Simon Property Group, L.P. — Computation of Ratio of Earnings to Fixed Charges.
21.1		List of Subsidiaries of Simon Property Group Inc. and Simon Property Group, L.P.
23.1		Simon Property Group, Inc. — Consent of Ernst & Young LLP.
23.2		Simon Property Group, L.P. — Consent of Ernst & Young LLP.
31.1		Simon Property Group, Inc. — Certification by the Chief Executive Officer pursuant to Rule 13a‑14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes‑Oxley Act of 2002.
31.2		Simon Property Group, Inc. — Certification by the Chief Financial Officer pursuant to Rule 13a‑14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes‑Oxley Act of 2002.
31.3		Simon Property Group, L.P. — Certification by the Chief Executive Officer pursuant to Rule 13a‑14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes‑Oxley Act of 2002.
31.4		Simon Property Group, L.P. — Certification by the Chief Financial Officer pursuant to Rule 13a‑14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes‑Oxley Act of 2002.
32.1		Simon Property Group, Inc. — Certification by the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes‑Oxley Act of 2002.
32.2		Simon Property Group, L.P. — Certification by the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes‑Oxley Act of 2002.
101.INS		XBRL Instance Document
101.SCH		XBRL Taxonomy Extension Schema Document
101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB		XBRL Taxonomy Extension Label Linkbase Document
101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document
101.DEF		XBRL Taxonomy Extension Definition Linkbase Document

(a) Does not include supplemental indentures that authorize the issuance of debt securities series, none of which exceeds 10% of the total assets of Simon Property Group, L.P. on a consolidated basis. Simon Property Group, L.P. agrees to file copies of any such supplemental indentures upon the request of the Commission.

• Represents a management contract, or compensatory plan, contract or arrangement required to be filed pursuant to Regulation S‑K.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, each Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	SIMON PROPERTY GROUP, INC.
	By	/s/ DAVID SIMON
		David Simon
		Chairman of the Board of Directors and Chief
		Executive Officer
		Date: February 23, 2018
		SIMON PROPERTY GROUP, L.P.
		/s/ DAVID SIMON
		David Simon
		Chairman of the Board of Directors and Chief Executive Officer of Simon Property Group, Inc., General Partner
		Date: February 23, 2018

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of Simon Property Group, Inc., for itself and in its capacity as General Partner of Simon Property Group, L.P., and in the capacities and on the dates indicated.

Signature		Capacity		Date
/s/ DAVID SIMON		Chairman of the Board of Directors and Chief Executive Officer (Principal Executive Officer)		February 23, 2018
David Simon
/s/ HERBERT SIMON		Chairman Emeritus and Director		February 23, 2018
Herbert Simon
/s/ RICHARD S. SOKOLOV		President, Chief Operating Officer and Director		February 23, 2018
Richard S. Sokolov
/s/ LARRY C. GLASSCOCK		Director		February 23, 2018
Larry C. Glasscock
/s/ REUBEN S. LEIBOWITZ		Director		February 23, 2018
Reuben S. Leibowitz
/s/ J. ALBERT SMITH, JR.		Director		February 23, 2018
J. Albert Smith, Jr.
/s/ KAREN N. HORN		Director		February 23, 2018
Karen N. Horn
/s/ ALLAN HUBBARD		Director		February 23, 2018
Allan Hubbard
/s/ DANIEL C. SMITH		Director		February 23, 2018
Daniel C. Smith

Signature		Capacity		Date
/s/ GARY M. RODKIN		Director		February 23, 2018
Gary M. Rodkin
/s/ GLYN F. AEPPEL		Director		February 23, 2018
Glyn F. Aeppel
/s/ STEFAN M. SELIG		Director		February 23, 2018
Stefan M. Selig
/s/ MARTA R. STEWART (1)		Director		February 23, 2018
Marta R. Stewart
/s/ ANDREW JUSTER		Executive Vice President and Chief Financial Officer (Principal Financial Officer)		February 23, 2018
Andrew Juster
/s/ STEVEN K. BROADWATER		Senior Vice President and Chief Accounting Officer (Principal Accounting Officer)		February 23, 2018
Steven K. Broadwater

	(1)		Ms. Stewart was not appointed to the Simon Property Group, Inc. Board of Directors until February 12, 2018; as such, she was not a director during the fiscal year ended December 31, 2017, which is the period covered by this Annual Report on Form 10-K.

SCHEDULE III

Simon Property Group, Inc.

Simon Property Group, L.P.

Real Estate and Accumulated Depreciation

December 31, 2017

(Dollars in thousands)

													Cost Capitalized
													Subsequent to						Gross Amounts At Which												Date of
							Initial Cost (3)						Acquisition (3)						Carried At Close of Period												Construction
										Buildings and						Buildings and						Buildings and						Accumulated			or
Name		Location		Encumbrances (6)			Land			Improvements			Land			Improvements			Land			Improvements			Total (1)			Depreciation (2)			Acquisition
Malls
Barton Creek Square		Austin, TX		$	—		$	2,903		$	20,929		$	7,983		$	70,973		$	10,886		$	91,902		$	102,788		$	58,272		1981
Battlefield Mall		Springfield, MO			119,862			3,919			27,231			3,001			64,853			6,920			92,084			99,004			69,239		1970
Bay Park Square		Green Bay, WI			—			6,358			25,623			4,106			26,445			10,464			52,068			62,532			31,788		1980
Brea Mall		Brea (Los Angeles), CA			—			39,500			209,202			2,993			68,764			42,493			277,966			320,459			134,057		1998	(4)
Broadway Square		Tyler, TX			—			11,306			32,431			—			33,584			11,306			66,015			77,321			35,653		1994	(4)
Burlington Mall		Burlington (Boston), MA			—			46,600			303,618			27,458			153,141			74,058			456,759			530,817			211,089		1998	(4)
Castleton Square		Indianapolis, IN			—			26,250			98,287			7,434			79,854			33,684			178,141			211,825			105,295		1972
Cielo Vista Mall		El Paso, TX			—			1,005			15,262			608			55,718			1,613			70,980			72,593			46,889		1974
College Mall		Bloomington, IN			—			1,003			16,245			720			68,013			1,723			84,258			85,981			40,451		1965
Columbia Center		Kennewick, WA			—			17,441			66,580			—			31,600			17,441			98,180			115,621			55,319		1987
Copley Place		Boston, MA			—			—			378,045			—			193,895			—			571,940			571,940			217,913		2002	(4)
Coral Square		Coral Springs (Miami), FL			—			13,556			93,630			—			21,369			13,556			114,999			128,555			85,268		1984
Cordova Mall		Pensacola, FL			—			18,626			73,091			7,321			68,399			25,947			141,490			167,437			66,931		1998	(4)
Domain, The		Austin, TX			188,529			40,436			197,010			—			141,636			40,436			338,646			379,082			138,133		2005
Empire Mall		Sioux Falls, SD			190,000			35,998			192,186			—			25,440			35,998			217,626			253,624			45,836		1998	(5)
Fashion Mall at Keystone, The		Indianapolis, IN			—			—			120,579			29,145			96,557			29,145			217,136			246,281			110,311		1997	(4)
Firewheel Town Center		Garland (Dallas), TX			—			8,485			82,716			—			27,385			8,485			110,101			118,586			56,101		2004
Forum Shops at Caesars, The		Las Vegas, NV			—			—			276,567			—			255,342			—			531,909			531,909			244,657		1992
Greenwood Park Mall		Greenwood (Indianapolis), IN			—			2,423			23,445			5,253			119,238			7,676			142,683			150,359			80,053		1979
Haywood Mall		Greenville, SC			—			11,585			133,893			6			39,479			11,591			173,372			184,963			102,289		1998	(4)
Ingram Park Mall		San Antonio, TX			130,744			733			16,972			37			39,545			770			56,517			57,287			29,333		1979
King of Prussia		King of Prussia (Philadelphia), PA			—			175,063			1,128,200			—			333,297			175,063			1,461,497			1,636,560			296,839		2003	(5)
La Plaza Mall (13)		McAllen, TX			—			87,912			9,828			6,569			166,682			94,481			176,510			270,991			36,246		1976
Lakeline Mall		Cedar Park (Austin), TX			—			10,088			81,568			14			24,986			10,102			106,554			116,656			56,981		1995
Lenox Square		Atlanta, GA			—			38,058			492,411			—			122,659			38,058			615,070			653,128			317,817		1998	(4)
Livingston Mall		Livingston (New York), NJ			—			22,214			105,250			—			48,288			22,214			153,538			175,752			78,744		1998	(4)
Mall of Georgia		Buford (Atlanta), GA			—			47,492			326,633			—			10,013			47,492			336,646			384,138			161,305		1999	(5)

Simon Property Group, Inc.

Simon Property Group, L.P.

Real Estate and Accumulated Depreciation

December 31, 2017

(Dollars in thousands)

														Cost Capitalized
														Subsequent to						Gross Amounts At Which											Date of
								Initial Cost (3)						Acquisition (3)						Carried At Close of Period											Construction
											Buildings and						Buildings and						Buildings and						Accumulated		or
Name		Location		Encumbrances (6)				Land			Improvements			Land			Improvements			Land			Improvements			Total (1)			Depreciation (2)		Acquisition
McCain Mall		N. Little Rock, AR		$	—		$	—		$	9,515		$	10,530		$	28,196		$	10,530		$	37,711		$	48,241		$	13,525		1973
Menlo Park Mall		Edison (New York), NJ			—			65,684			223,252			—			74,136			65,684			297,388			363,072			163,854		1997	(4)
Midland Park Mall		Midland, TX			77,172			687			9,213			2,121			36,605			2,808			45,818			48,626			21,181		1980
Miller Hill Mall		Duluth, MN			—			2,965			18,092			1,811			42,987			4,776			61,079			65,855			40,879		1973
Montgomery Mall		North Wales (Philadelphia), PA			100,000			27,105			86,915			—			64,667			27,105			151,582			178,687			63,868		2004	(5)
North East Mall		Hurst (Dallas), TX			—			128			12,966			19,010			148,034			19,138			161,000			180,138			106,662		1971
Northgate Mall		Seattle, WA			—			23,610			115,992			—			123,082			23,610			239,074			262,684			121,459		1987
Ocean County Mall		Toms River (New York), NJ			—			20,404			124,945			3,277			43,657			23,681			168,602			192,283			86,576		1998	(4)
Orland Square		Orland Park (Chicago), IL			—			35,514			129,906			—			51,398			35,514			181,304			216,818			98,563		1997	(4)
Oxford Valley Mall		Langhorne (Philadelphia), PA			62,538			24,544			100,287			—			19,140			24,544			119,427			143,971			74,821		2003	(4)
Penn Square Mall		Oklahoma City, OK			310,000			2,043			155,958			—			52,657			2,043			208,615			210,658			115,280		2002	(4)
Pheasant Lane Mall		Nashua, NH			—			3,902			155,068			550			47,880			4,452			202,948			207,400			99,262		2004	(5)
Phipps Plaza		Atlanta, GA			—			15,005			210,610			—			85,228			15,005			295,838			310,843			141,106		1998	(4)
Plaza Carolina		Carolina (San Juan), PR			225,000			15,493			279,560			—			41,422			15,493			320,982			336,475			137,469		2004	(4)
Prien Lake Mall		Lake Charles, LA			—			1,842			2,813			3,053			50,465			4,895			53,278			58,173			27,832		1972
Rockaway Townsquare		Rockaway (New York), NJ			—			41,918			212,257			—			49,921			41,918			262,178			304,096			135,299		1998	(4)
Roosevelt Field		Garden City (New York), NY			—			163,160			702,008			1,246			349,597			164,406			1,051,605			1,216,011			433,659		1998	(4)
Ross Park Mall		Pittsburgh, PA			—			23,541			90,203			5,815			110,779			29,356			200,982			230,338			113,928		1986
Santa Rosa Plaza		Santa Rosa, CA			—			10,400			87,864			—			27,666			10,400			115,530			125,930			59,715		1998	(4)
Shops at Chestnut Hill, The		Chestnut Hill (Boston), MA			120,000			449			25,102			43,257			103,525			43,706			128,627			172,333			27,370		2002	(5)
Shops at Nanuet, The		Nanuet, NY			—			28,125			142,860			—			10,767			28,125			153,627			181,752			26,435		2013
Shops at Riverside, The		Hackensack (New York), NJ			130,000			13,521			238,746			—			117,562			13,521			356,308			369,829			53,268		2007	(4) (5)
South Hills Village		Pittsburgh, PA			—			23,445			125,840			1,472			75,257			24,917			201,097			226,014			92,225		1997	(4)
South Shore Plaza		Braintree (Boston), MA			—			101,200			301,495			—			165,680			101,200			467,175			568,375			226,132		1998	(4)
Southdale Mall		Edina (Minneapolis), MN			147,532			41,430			184,967			—			54,807			41,430			239,774			281,204			50,837		2007	(4) (5)
SouthPark		Charlotte, NC			—			42,092			188,055			100			194,014			42,192			382,069			424,261			193,099		2002	(4)
Southridge Mall		Greendale (Milwaukee), WI			119,381			12,359			130,111			1,939			20,159			14,298			150,270			164,568			40,352		2007	(4) (5)
St. Charles Towne Center		Waldorf (Washington, DC), MD			—			7,710			52,934			1,180			29,764			8,890			82,698			91,588			56,382		1990

Simon Property Group, Inc.

Simon Property Group, L.P.

Real Estate and Accumulated Depreciation

December 31, 2017

(Dollars in thousands)

														Cost Capitalized
														Subsequent to						Gross Amounts At Which											Date of
								Initial Cost (3)						Acquisition (3)						Carried At Close of Period											Construction
											Buildings and						Buildings and						Buildings and						Accumulated		or
Name		Location		Encumbrances (6)				Land			Improvements			Land			Improvements			Land			Improvements			Total (1)			Depreciation (2)		Acquisition
Stanford Shopping Center		Palo Alto (San Jose), CA		$	—		$	—		$	339,537		$	—		$	127,002		$	—		$	466,539		$	466,539		$	163,738		2003	(4)
Summit Mall		Akron, OH			85,000			15,374			51,137			—			50,430			15,374			101,567			116,941			57,456		1965
Tacoma Mall		Tacoma (Seattle), WA			—			37,113			125,826			—			126,071			37,113			251,897			289,010			121,895		1987
Tippecanoe Mall		Lafayette, IN			—			2,897			8,439			5,517			47,852			8,414			56,291			64,705			42,760		1973
Town Center at Boca Raton		Boca Raton (Miami), FL			—			64,200			307,317			—			191,722			64,200			499,039			563,239			259,982		1998	(4)
Town Center at Cobb		Kennesaw (Atlanta), GA			188,806			32,355			158,225			—			20,045			32,355			178,270			210,625			108,990		1998	(5)
Towne East Square		Wichita, KS			—			8,525			18,479			4,108			48,507			12,633			66,986			79,619			45,622		1975
Treasure Coast Square		Jensen Beach, FL			—			11,124			72,990			3,067			41,404			14,191			114,394			128,585			68,334		1987
Tyrone Square		St. Petersburg (Tampa), FL			—			15,638			120,962			1,459			51,475			17,097			172,437			189,534			95,813		1972
University Park Mall		Mishawaka, IN			—			16,768			112,158			7,000			58,288			23,768			170,446			194,214			141,916		1996	(4)
Walt Whitman Shops		Huntington Station (New York), NY			—			51,700			111,258			3,789			126,413			55,489			237,671			293,160			107,360		1998	(4)
White Oaks Mall		Springfield, IL			50,500			3,024			35,692			2,102			63,609			5,126			99,301			104,427			52,065		1977
Wolfchase Galleria		Memphis, TN			162,022			15,484			128,276			—			18,697			15,484			146,973			162,457			85,984		2002	(4)
Woodland Hills Mall		Tulsa, OK			87,403			34,211			187,123			—			28,610			34,211			215,733			249,944			121,727		2004	(5)
Premium Outlets
Albertville Premium Outlets		Albertville (Minneapolis), MN			—			3,900			97,059			—			9,473			3,900			106,532			110,432			46,924		2004	(4)
Allen Premium Outlets (13)		Allen (Dallas), TX			—			21,603			69,788			—			40,908			21,603			110,696			132,299			30,471		2004	(4)
Aurora Farms Premium Outlets		Aurora (Cleveland), OH			0			2370			24326			0			6793			2370			31119			33489			21678		2004	(4)
Birch Run Premium Outlets		Birch Run (Detroit), MI			123,000			11,477			77,856			—			7,123			11,477			84,979			96,456			28,407		2010	(4)
Camarillo Premium Outlets		Camarillo (Los Angeles), CA			—			16,670			224,721			395			68,934			17,065			293,655			310,720			122,970		2004	(4)
Carlsbad Premium Outlets		Carlsbad (San Diego), CA			—			12,890			184,990			96			7,338			12,986			192,328			205,314			74,059		2004	(4)
Carolina Premium Outlets		Smithfield (Raleigh), NC			45,317			3,175			59,863			5,311			6,361			8,486			66,224			74,710			33,516		2004	(4)
Chicago Premium Outlets		Aurora (Chicago), IL			—			659			118,005			13,050			105,156			13,709			223,161			236,870			66,897		2004	(4)
Cincinnati Premium Outlets		Monroe (Cincinnati), OH			—			14,117			71,520			—			4,671			14,117			76,191			90,308			30,828		2008
Clinton Crossing Premium Outlets		Clinton, CT			—			2,060			107,556			1,532			5,146			3,592			112,702			116,294			50,855		2004	(4)
Desert Hills Premium Outlets		Cabazon (Palm Springs), CA			—			3,440			338,679			—			100,369			3,440			439,048			442,488			147,321		2004	(4)
Edinburgh Premium Outlets		Edinburgh (Indianapolis), IN			—			2,857			47,309			—			15,822			2,857			63,131			65,988			30,999		2004	(4)
Ellenton Premium Outlets		Ellenton (Tampa), FL			178,000			15,807			182,412			—			6,786			15,807			189,198			205,005			76,859		2010	(4)

Simon Property Group, Inc.

Simon Property Group, L.P.

Real Estate and Accumulated Depreciation

December 31, 2017

(Dollars in thousands

														Cost Capitalized
														Subsequent to						Gross Amounts At Which											Date of
								Initial Cost (3)						Acquisition (3)						Carried At Close of Period											Construction
											Buildings and						Buildings and						Buildings and						Accumulated		or
Name		Location		Encumbrances (6)				Land			Improvements			Land			Improvements			Land			Improvements			Total (1)			Depreciation (2)		Acquisition
Folsom Premium Outlets		Folsom (Sacramento), CA		$	—		$	9,060		$	50,281		$	—		$	4,258		$	9,060		$	54,539		$	63,599		$	28,139		2004	(4)
Gilroy Premium Outlets		Gilroy (San Jose), CA			—			9,630			194,122			—			12,177			9,630			206,299			215,929			90,565		2004	(4)
Grand Prairie Premium Outlets		Grand Prairie (Dallas), TX			116,331			9,497			194,245			—			—			9,497			194,245			203,742			36,981		2012
Grove City Premium Outlets		Grove City (Pittsburgh), PA			140,000			6,421			121,880			—			5,847			6,421			127,727			134,148			52,990		2010	(4)
Gulfport Premium Outlets		Gulfport, MS			50,000			—			27,949			—			2,925			—			30,874			30,874			12,161		2010	(4)
Hagerstown Premium Outlets		Hagerstown (Baltimore/Washington, DC), MD			77,000			3,576			85,883			—			2,780			3,576			88,663			92,239			29,773		2010	(4)
Houston Premium Outlets		Cypress (Houston), TX			—			8,695			69,350			—			44,060			8,695			113,410			122,105			43,113		2007
Jackson Premium Outlets		Jackson (New York), NJ			—			6,413			104,013			3			7,289			6,416			111,302			117,718			43,924		2004	(4)
Jersey Shore Premium Outlets		Tinton Falls (New York), NJ			—			15,390			50,979			—			76,297			15,390			127,276			142,666			51,500		2007
Johnson Creek Premium Outlets		Johnson Creek, WI			—			2,800			39,546			—			6,730			2,800			46,276			49,076			19,528		2004	(4)
Kittery Premium Outlets		Kittery, ME			—			11,832			94,994			—			9,746			11,832			104,740			116,572			39,061		2004	(4)
Las Americas Premium Outlets		San Diego, CA			—			45,168			251,878			—			8,190			45,168			260,068			305,236			78,820		2007	(4)
Las Vegas North Premium Outlets		Las Vegas, NV			—			25,435			134,973			16,536			149,251			41,971			284,224			326,195			101,948		2004	(4)
Las Vegas South Premium Outlets		Las Vegas, NV			—			13,085			160,777			—			31,574			13,085			192,351			205,436			71,039		2004	(4)
Lee Premium Outlets		Lee, MA			52,651			9,167			52,212			—			2,900			9,167			55,112			64,279			22,193		2010	(4)
Leesburg Corner Premium Outlets		Leesburg (Washington, DC), VA			—			7,190			162,023			—			6,728			7,190			168,751			175,941			75,578		2004	(4)
Lighthouse Place Premium Outlets		Michigan City (Chicago, IL), IN			—			6,630			94,138			—			9,852			6,630			103,990			110,620			50,937		2004	(4)
Merrimack Premium Outlets		Merrimack, NH			124,287			14,975			118,428			—			2,401			14,975			120,829			135,804			30,056		2012
Napa Premium Outlets		Napa, CA			—			11,400			45,023			—			6,328			11,400			51,351			62,751			23,500		2004	(4)
North Bend Premium Outlets		North Bend (Seattle), WA			—			2,143			36,197			—			4,517			2,143			40,714			42,857			16,347		2004	(4)
North Georgia Premium Outlets		Dawsonville (Atlanta), GA			—			4,300			137,020			—			413			4,300			137,433			141,733			57,405		2004	(4)
Orlando International Premium Outlets		Orlando, FL			—			31,998			472,815			—			4,866			31,998			477,681			509,679			134,157		2010	(4)
Orlando Vineland Premium Outlets		Orlando, FL			—			14,040			382,949			36,023			—			50,063			382,949			433,012			142,912		2004	(4)
Petaluma Village Premium Outlets		Petaluma (San Francisco), CA			—			13,322			13,710			—			3,428			13,322			17,138			30,460			10,358		2004	(4)
Philadelphia Premium Outlets		Limerick (Philadelphia), PA			—			16,676			105,249			—			20,374			16,676			125,623			142,299			59,370		2006
Phoenix Premium Outlets		Chandler (Phoenix), AZ			—			—			63,448			—			58			—			63,506			63,506			16,677		2013
Pismo Beach Premium Outlets		Pismo Beach, CA			36,104			4,317			19,044			—			2,782			4,317			21,826			26,143			9,948		2010	(4)
Pleasant Prairie Premium Outlets		Pleasant Prairie (Chicago, IL/Milwaukee), WI			145,000			16,823			126,686			—			6,244			16,823			132,930			149,753			40,972		2010	(4)

Simon Property Group, Inc.

Simon Property Group, L.P.

Real Estate and Accumulated Depreciation

December 31, 2017

(Dollars in thousands)

														Cost Capitalized
														Subsequent to						Gross Amounts At Which											Date of
								Initial Cost (3)						Acquisition (3)						Carried At Close of Period											Construction
											Buildings and						Buildings and						Buildings and						Accumulated		or
Name		Location		Encumbrances (6)				Land			Improvements			Land			Improvements			Land			Improvements			Total (1)			Depreciation (2)		Acquisition
Puerto Rico Premium Outlets		Barceloneta, PR		$	160,000		$	20,586		$	114,021		$	—		$	2,826		$	20,586		$	116,847		$	137,433		$	36,749		2010	(4)
Queenstown Premium Outlets		Queenstown (Baltimore), MD			63,426			8,129			61,950			—			4,291			8,129			66,241			74,370			22,033		2010	(4)
Rio Grande Valley Premium Outlets		Mercedes (McAllen), TX			—			12,229			41,547			—			29,779			12,229			71,326			83,555			37,743		2005
Round Rock Premium Outlets		Round Rock (Austin), TX			—			14,706			82,252			—			3,533			14,706			85,785			100,491			44,388		2005
San Francisco Premium Outlets		Livermore (San Francisco), CA			—			21,925			308,694			40,046			50,512			61,971			359,206			421,177			59,134		2012
San Marcos Premium Outlets		San Marcos (Austin/San Antonio), TX			—			13,180			287,179			—			9,811			13,180			296,990			310,170			83,993		2010	(4)
Seattle Premium Outlets		Tulalip (Seattle), WA			—			—			103,722			—			53,979			—			157,701			157,701			63,567		2004	(4)
St. Augustine Premium Outlets		St. Augustine (Jacksonville), FL			—			6,090			57,670			2			10,911			6,092			68,581			74,673			33,109		2004	(4)
Tampa Premium Outlets		Lutz (Tampa), FL			—			14,298			97,188			121			4,365			14,419			101,553			115,972			10,013		2015
The Crossings Premium Outlets		Tannersville, PA			110,565			7,720			172,931			—			17,302			7,720			190,233			197,953			74,436		2004	(4)
Tucson Premium Outlets		Marana (Tucson), AZ			—			12,508			69,677			—			4,959			12,508			74,636			87,144			7,626		2015
Vacaville Premium Outlets		Vacaville, CA			—			9,420			84,850			—			16,827			9,420			101,677			111,097			49,529		2004	(4)
Waikele Premium Outlets		Waipahu (Honolulu), HI			—			22,630			77,316			—			20,156			22,630			97,472			120,102			39,214		2004	(4)
Waterloo Premium Outlets		Waterloo, NY			—			3,230			75,277			—			9,554			3,230			84,831			88,061			40,945		2004	(4)
Williamsburg Premium Outlets		Williamsburg, VA			185,000			10,323			223,789			—			6,715			10,323			230,504			240,827			64,293		2010	(4)
Woodburn Premium Outlets		Woodburn (Portland), OR			—			9,414			150,414			—			1,753			9,414			152,167			161,581			29,876		2013	(4)
Woodbury Common Premium Outlets (13)		Central Valley (New York), NY			—			11,110			862,559			1,658			233,677			12,768			1,096,236			1,109,004			356,879		2004	(4)
Wrentham Village Premium Outlets		Wrentham (Boston), MA			—			4,900			282,031			—			12,966			4,900			294,997			299,897			122,180		2004	(4)
The Mills
Arizona Mills		Tempe (Phoenix), AZ			156,146			41,936			297,289			—			12,887			41,936			310,176			352,112			42,956		2007	(4) (5)
Great Mall		Milpitas (San Jose), CA			—			69,853			463,101			—			50,369			69,853			513,470			583,323			99,514		2007	(4) (5)
Gurnee Mills		Gurnee (Chicago), IL			269,506			41,133			297,911			—			15,252			41,133			313,163			354,296			65,934		2007	(4) (5)
Mills at Jersey Gardens, The		Elizabeth, NJ			350,000			120,417			865,605			—			14,050			120,417			879,655			1,000,072			100,098		2015	(4)
Opry Mills		Nashville, TN			375,000			51,000			327,503			—			15,016			51,000			342,519			393,519			69,417		2007	(4) (5)
Potomac Mills		Woodbridge (Washington, DC), VA			416,000			61,755			425,370			—			36,249			61,755			461,619			523,374			98,700		2007	(4) (5)
Sawgrass Mills		Sunrise (Miami), FL			—			194,002			1,641,153			5,395			162,281			199,397			1,803,434			2,002,831			339,593		2007	(4) (5)

Simon Property Group, Inc.

Simon Property Group, L.P.

Real Estate and Accumulated Depreciation

December 31, 2017

(Dollars in thousands)

													Cost Capitalized
													Subsequent to						Gross Amounts At Which												Date of
								Initial Cost (3)					Acquisition (3)						Carried At Close of Period												Construction
										Buildings and						Buildings and						Buildings and						Accumulated			or
Name		Location		Encumbrances (6)				Land		Improvements			Land			Improvements			Land			Improvements			Total (1)			Depreciation (2)			Acquisition
Designer Outlets
La Reggia Designer Outlet		Marcianise (Naples), Italy		$	159,500		$	37,220		$	233,179		$	—		$	2,470		$	37,220		$	235,649		$	272,869		$	16,856		2013	(4) (5) (7)
Noventa Di Piave Designer Outlet		Venice, Italy			131,718			38,793			309,284			—			36,306			38,793			345,590			384,383			20,631		2013	(4) (5) (7)
Parndorf Designer Outlet		Vienna, Austria			110,212			14,903			221,442			—			2,432			14,903			223,874			238,777			21,038		2013	(4) (5) (7)
Roermond Designer Outlet		Roermond, Netherlands			275,529			15,035			400,094			—			1,894			15,035			401,988			417,023			34,962		2013	(4) (5) (7)
Rosada Designer Outlet		Roosendaal, Netherlands			71,877			22,191			108,069			—			—			22,191			108,069			130,260			3,446		2017	(4) (5) (7)
Provence Designer Outlet		Provence, France			94,174			38,467			69,221			—			—			38,467			69,221			107,688			3,748		2017	(4) (5) (7)
Community Centers
ABQ Uptown		Albuquerque, NM			—			6,374			75,333			4,054			5,804			10,428			81,137			91,565			20,758		2011	(4)
University Park Village		Fort Worth, TX			55,000			18,031			100,523			—			4,267			18,031			104,790			122,821			10,835		2015	(4)
Other Properties
Bangor Mall		Bangor, ME			80,000			5,478			59,740			—			12,636			5,478			72,376			77,854			39,284		2004	(5)
Calhoun Marketplace		Calhoun, GA			19,013			1,745			12,529			—			2,013			1,745			14,542			16,287			8,256		2010	(4)
Florida Keys Outlet Center		Florida City, FL			17,000			1,112			1,748			—			3,714			1,112			5,462			6,574			2,555		2010	(4)
Gaffney Marketplace		Gaffney (Greenville/Charlotte), SC			30,713			4,056			32,371			—			5,126			4,056			37,497			41,553			15,354		2010	(4)
Independence Center		Independence (Kansas City), MO			200,000			5,042			45,798			—			43,314			5,042			89,112			94,154			49,959		1994	(4)
Lebanon Marketplace		Lebanon (Nashville), TN			—			1,758			10,189			—			399			1,758			10,588			12,346			5,816		2010	(4)
Liberty Village Marketplace		Flemington (New York), NJ			—			5,670			28,904			—			2,357			5,670			31,261			36,931			30,237		2004	(4)
Lincoln Plaza		King of Prussia (Philadelphia), PA			—			—			21,299			—			6,737			—			28,036			28,036			15,905		2003	(4)
Orlando Outlet Marketplace		Orlando, FL			—			3,367			1,557			—			2,405			3,367			3,962			7,329			1,889		2010	(4)
Osage Beach Marketplace		Osage Beach, MO			—			9,460			85,804			—			7,724			9,460			93,528			102,988			44,796		2004	(4)
Other pre-development costs					—			98,682			135,722			958			—			99,640			135,722			235,362			78
Other					—			2,615			15,376			—			—			2,615			15,376			17,991			8,946
Currency Translation Adjustment					—			15,941			72,232			—			48,651			15,941			120,883			136,824			(2,270)
				$	6,912,558		$	3,285,085		$	24,967,694		$	350,231		$	7,411,496		$	3,635,316		$	32,379,190		$	36,014,506		$	11,704,223

Simon Property Group, Inc.

Simon Property Group, L.P.

Notes to Schedule III as of December 31, 2017

(Dollars in thousands)

	(1)		Reconciliation of Real Estate Properties:

The changes in real estate assets for the years ended December 31, 2017, 2016, and 2015 are as follows:

		2017			2016			2015
Balance, beginning of year		$	34,897,942		$	33,132,885		$	31,014,133
Acquisitions and consolidations (7)			328,621			1,331,511			1,190,944
Improvements			731,863			658,734			995,964
Disposals and deconsolidations			(125,499)			(180,433)			(68,156)
Currency Translation Adjustment			181,579			(44,755)			—
Balance, close of year		$	36,014,506		$	34,897,942		$	33,132,885

The unaudited aggregate cost of domestic consolidated real estate assets for U.S. federal income tax purposes as of December 31, 2017 was $21,055,936.

	(2)		Reconciliation of Accumulated Depreciation:

The changes in accumulated depreciation for the years ended December 31, 2017, 2016, and 2015 are as follows:

		2017			2016			2015
Balance, beginning of year		$	10,664,738		$	9,696,420		$	8,740,928
Depreciation expense (7)			1,121,863			1,089,347			1,018,078
Disposals and deconsolidations			(81,187)			(117,568)			(62,586)
Currency Translation Adjustment			(1,191)			(3,461)			—
Balance, close of year		$	11,704,223		$	10,664,738		$	9,696,420

Depreciation of our investment in buildings and improvements reflected in the consolidated statements of operations and comprehensive income is calculated over the estimated original lives of the assets as noted below.

	·		Buildings and Improvements — typically 10‑35 years for the structure, 15 years for landscaping and parking lot, and 10 years for HVAC equipment.

	·		Tenant Allowances and Improvements — shorter of lease term or useful life.

	(3)		Initial cost generally represents net book value at December 20, 1993, except for acquired properties and new developments after December 20, 1993. Initial cost also includes any new developments that are opened during the current year. Costs of disposals and impairments of property are first reflected as a reduction to cost capitalized subsequent to acquisition.

	(4)		Not developed/constructed by us or our predecessors. The date of construction represents the initial acquisition date for assets in which we have acquired multiple interests.

	(5)		Initial cost for these properties is the cost at the date of consolidation for properties previously accounted for under the equity method of accounting.

	(6)		Encumbrances represent face amount of mortgage debt and exclude any premiums or discounts.

	(7)		Represents the original cost and does not include subsequent currency translation adjustments.