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 107 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 13,200 occupied stores, including 500 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 68 Premium Outlets range in size from approximately 150,000 to 900,000 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 14 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 890,000 square feet of GLA and are considered non‑core to our business model. In total, the lifestyle centers and other retail properties represent approximately 0.6% of our NOI.
As of December 31, 2017, approximately 95.6% 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 60 properties through unconsolidated joint venture interests. We are the managing or co‑managing general partner or member of 203 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 formed by Sears, now holds Sears’ interest in the joint venture.
On November 3, 2017, we acquired additional interests in the real estate assets and/or rights to terminate leases related to twelve Sears stores located at our malls (including five stores previously held in our joint venture with Seritage), in order to redevelop these properties. Four of the Sears stores are at properties held in unconsolidated joint ventures. Our joint venture with Seritage now covers the former Sears properties located at five of our malls.
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, 2017.
| 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 | 87.1 | % | 473,243 | Belk, JCPenney, Sears, AMC Cinemas | ||||||
| 2. | Auburn Mall | MA | Auburn | Fee | 56.4 | % (4) | Acquired 1999 | 98.0 | % | 583,949 | Macy's, Sears, Reliant Medical Group (6) | ||||||
| 3. | Aventura Mall (1) (13) | FL | Miami Beach (Miami) | Fee | 33.3 | % (4) | Built 1983 | 96.7 | % | 2,176,391 | Bloomingdale's, Macy's (9), JCPenney, Nordstrom, Equinox Fitness Clubs, AMC Theatres | ||||||
| 4. | Avenues, The | FL | Jacksonville | Fee | 25.0 | % (4) (2) | Built 1990 | 96.3 | % | 1,112,613 | Belk, Dillard's, JCPenney, Sears, Forever 21 | ||||||
| 5. | Barton Creek Square | TX | Austin | Fee | 100.0 | % | Built 1981 | 98.3 | % | 1,430,185 | Nordstrom, Macy's, Dillard's (9), JCPenney, Sears, AMC Theatre | ||||||
| 6. | Battlefield Mall | MO | Springfield | Fee and Ground Lease (2056) | 100.0 | % | Built 1970 | 95.8 | % | 1,201,369 | Macy's, Dillard's (9), JCPenney, Sears | ||||||
| 7. | Bay Park Square | WI | Green Bay | Fee | 100.0 | % | Built 1980 | 90.9 | % | 711,793 | Younkers (9), Kohl's, ShopKo, Marcus Cinema 16 | ||||||
| 8. | Brea Mall | CA | Brea (Los Angeles) | Fee | 100.0 | % | Acquired 1998 | 96.8 | % | 1,319,228 | Nordstrom, Macy's (9), JCPenney, Sears (6) | ||||||
| 9. | Briarwood Mall | MI | Ann Arbor | Fee | 50.0 | % (4) | Acquired 2007 | 98.8 | % | 978,060 | Macy's, JCPenney, Sears, Von Maur, Hilton Garden Inn (17), Towne Place Suites by Marriott (17) | ||||||
| 10. | Brickell City Centre | FL | Miami | Fee | 25.0 | % (4) | Built 2016 | 86.8 | % | 476,799 | Saks Fifth Avenue, Cinemex, Zara, EAST, Miami Hotel (17), La Centrale (6) | ||||||
| 11. | Broadway Square | TX | Tyler | Fee | 100.0 | % | Acquired 1994 | 96.4 | % | 626,927 | Dillard's, JCPenney, Sears (6) | ||||||
| 12. | Burlington Mall | MA | Burlington (Boston) | Fee and Ground Lease (2026) (7) | 100.0 | % | Acquired 1998 | 97.3 | % | 1,312,595 | Macy's, Lord & Taylor, Sears (6), Nordstrom, Crate & Barrel, Primark, Arhaus Furniture | ||||||
| 13. | Cape Cod Mall | MA | Hyannis | Fee and Ground Leases (2029-2073) (7) | 56.4 | % (4) | Acquired 1999 | 93.2 | % | 701,627 | Macy's (9), Sears (6), Best Buy, Marshalls, Barnes & Noble, Regal Cinema | ||||||
| 14. | Castleton Square | IN | Indianapolis | Fee | 100.0 | % | Built 1972 | 95.7 | % | 1,381,673 | 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 | 100.0 | % | 1,245,359 | Macy's, Dillard's (9), JCPenney, Sears, Cinemark Theatres | ||||||
| 16. | Coconut Point | FL | Estero | Fee | 50.0 | % (4) | Built 2006 | 89.4 | % | 1,205,436 | Dillard's, Barnes & Noble, Bed Bath & Beyond, Best Buy, DSW, Office Max, PetsMart, Ross, T.J. Maxx, Hollywood Theatres, Super Target, Michael's, Total Wine & More, Tuesday Morning, Hyatt Place Coconut Point (17), TownePlace Suites by Marriott (17), (8) | ||||||
| 17. | College Mall | IN | Bloomington | Fee and Ground Lease (2048) (7) | 100.0 | % | Built 1965 | 86.4 | % | 578,016 | Macy's, Target, Dick's Sporting Goods, Bed Bath & Beyond, Ulta, Fresh Thyme (6) | ||||||
| 18. | Columbia Center | WA | Kennewick | Fee | 100.0 | % | Acquired 1987 | 97.3 | % | 795,185 | Macy's (9), JCPenney, Sears, Barnes & Noble, Regal Cinema, DSW, Home Goods | ||||||
| 19. | Copley Place | MA | Boston | Fee | 94.4 | % (12) | Acquired 2002 | 84.9 | % | 1,257,774 | Neiman Marcus, Barneys New York, Marriott Boston Copley Place (17), The Westin Copley Place (17) | ||||||
| 20. | Coral Square | FL | Coral Springs (Miami) | Fee | 97.2 | % | Built 1984 | 99.7 | % | 944,133 | Macy's (9), JCPenney, Sears, Kohl's | ||||||
| 21. | Cordova Mall | FL | Pensacola | Fee | 100.0 | % | Acquired 1998 | 98.1 | % | 929,739 | Dillard's, Belk, Best Buy, Bed Bath & Beyond, Cost Plus World Market, Ross, Dick's Sporting Goods | ||||||
| 22. | Crystal Mall | CT | Waterford | Fee | 78.2 | % (4) | Acquired 1998 | 86.8 | % | 782,987 | Macy's, JCPenney, Sears, Bed Bath & Beyond, Christmas Tree Shops | ||||||
| 23. | Dadeland Mall | FL | Miami | Fee | 50.0 | % (4) | Acquired 1997 | 100.0 | % | 1,497,141 | Saks Fifth Avenue, Nordstrom, Macy's (9), JCPenney, AC Hotel by Marriott (6) | ||||||
| 24. | Del Amo Fashion Center | CA | Torrance (Los Angeles) | Fee | 50.0 | % (4) | Acquired 2007 | 92.8 | % | 2,449,512 | Nordstrom, Macy's (9), JCPenney, Sears, Marshalls (11), Barnes & Noble, JoAnn Fabrics, Crate & Barrel, L.A. Fitness, AMC Theatres, Dick's Sporting Goods, Dave & Buster's (6), (8) | ||||||
| 25. | Domain, The | TX | Austin | Fee | 100.0 | % | Built 2006 | 94.4 | % | 1,233,354 | Neiman Marcus, Macy's, Dillard's, Dick's Sporting Goods, iPic Theaters, Arhaus Furniture, Punch Bowl Social, Westin Austin at The Domain, (18) |
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 | |||||||||
| 26. | Dover Mall | DE | Dover | Fee and Ground Lease (2041) (7) | 68.1 | % (4) | Acquired 2007 | 87.3 | % | 928,259 | Macy's, JCPenney, Boscov's, Sears, AMC Cinemas, Dick's Sporting Goods | ||||||
| 27. | Emerald Square | MA | North Attleboro (Providence, RI) | Fee | 56.4 | % (4) | Acquired 1999 | 89.0 | % | 1,022,436 | Macy's (9), JCPenney, Sears | ||||||
| 28. | Empire Mall | SD | Sioux Falls | Fee and Ground Lease (2033) (7) | 100.0 | % | Acquired 1998 | 94.4 | % | 1,125,747 | Macy's, Younkers, JCPenney, Sears, Gordmans, Hy-Vee, Dick's Sporting Goods | ||||||
| 29. | Falls, The | FL | Miami | Fee | 50.0 | % (4) | Acquired 2007 | 96.7 | % | 833,574 | Bloomingdale's, Macy's, Regal Cinema, The Fresh Market | ||||||
| 30. | Fashion Centre at Pentagon City, The | VA | Arlington (Washington, DC) | Fee | 42.5 | % (4) | Built 1989 | 99.4 | % | 1,037,601 | Nordstrom, Macy's, The Ritz-Carlton (17) | ||||||
| 31. | Fashion Mall at Keystone, The | IN | Indianapolis | Fee and Ground Lease (2067) (7) | 100.0 | % | Acquired 1997 | 95.1 | % | 710,043 | Saks Fifth Avenue, Crate & Barrel, Nordstrom, Keystone Art Cinema | ||||||
| 32. | Fashion Valley | CA | San Diego | Fee | 50.0 | % (4) | Acquired 2001 | 97.2 | % | 1,717,963 | Forever 21, Neiman Marcus, Bloomingdale's, Nordstrom, Macy's, JCPenney, AMC Theatres, The Container Store | ||||||
| 33. | Firewheel Town Center | TX | Garland (Dallas) | Fee | 100.0 | % | Built 2005 | 96.0 | % | 998,300 | 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, Fairfield Inn by Marriott (16), (18) | ||||||
| 34. | Florida Mall, The | FL | Orlando | Fee | 50.0 | % (4) | Built 1986 | 99.4 | % | 1,718,238 | Macy's, Dillard's, JCPenney, Sears, H&M, Forever 21, Zara, American Girl, Dick's Sporting Goods, Crayola Experience, The Florida Hotel and Conference Center (17) | ||||||
| 35. | Forum Shops at Caesars, The | NV | Las Vegas | Ground Lease (2050) | 100.0 | % | Built 1992 | 97.9 | % | 670,440 | |||||||
| 36. | Galleria, The | TX | Houston | Fee | 50.4 | % (4) | Acquired 2002 | 94.2 | % | 2,016,051 | Saks Fifth Avenue, Neiman Marcus, Nordstrom, Macy's, The Westin Galleria (17), The Westin Oaks (17), Life Time Tennis (6) | ||||||
| 37. | Greenwood Park Mall | IN | Greenwood (Indianapolis) | Fee | 100.0 | % | Acquired 1979 | 98.2 | % | 1,288,113 | Macy's, Von Maur, JCPenney, Sears, Dick's Sporting Goods, Barnes & Noble, Regal Cinema | ||||||
| 38. | Haywood Mall | SC | Greenville | Fee and Ground Lease (2067) (7) | 100.0 | % | Acquired 1998 | 97.1 | % | 1,237,304 | Macy's, Dillard's, JCPenney, Sears, Belk | ||||||
| 39. | Ingram Park Mall | TX | San Antonio | Fee | 100.0 | % | Built 1979 | 96.2 | % | 1,111,239 | Dillard's, Macy's, JCPenney, Sears, Bealls, (8) | ||||||
| 40. | King of Prussia | PA | King of Prussia (Philadelphia) | Fee | 100.0 | % | Acquired 2003 | 94.3 | % | 2,656,536 | Neiman Marcus, Bloomingdale's, Nordstrom, Lord & Taylor, Macy's, JCPenney (6), Crate & Barrel, Arhaus Furniture, The Container Store, Dick's Sporting Goods, Primark | ||||||
| 41. | La Plaza Mall | TX | McAllen | Fee and Ground Lease (2040) (7) | 100.0 | % | Built 1976 | 99.9 | % | 1,209,664 | Macy's (9), Dillard's, JCPenney, Joe Brand (15) | ||||||
| 42. | Lakeline Mall | TX | Cedar Park (Austin) | Fee | 100.0 | % | Built 1995 | 94.6 | % | 1,099,546 | Dillard's (9), Macy's, JCPenney, Sears, AMC Theatres | ||||||
| 43. | Lehigh Valley Mall | PA | Whitehall | Fee | 50.0 | % (4) | Acquired 2003 | 98.8 | % | 1,181,115 | Macy's, JCPenney, Boscov's, Barnes & Noble, Babies 'R Us, Bob's Discount Furniture (6) | ||||||
| 44. | Lenox Square | GA | Atlanta | Fee | 100.0 | % | Acquired 1998 | 97.3 | % | 1,559,056 | Neiman Marcus, Bloomingdale's, Macy's, JW Marriott (17) | ||||||
| 45. | Livingston Mall | NJ | Livingston (New York) | Fee | 100.0 | % | Acquired 1998 | 95.1 | % | 977,949 | Macy's, Lord & Taylor, Sears, Barnes & Noble | ||||||
| 46. | Mall at Rockingham Park, The | NH | Salem (Boston) | Fee | 28.2 | % (4) | Acquired 1999 | 98.1 | % | 1,024,179 | JCPenney, Sears, Macy's, Lord & Taylor, Dick's Sporting Goods, Cinemark Theatre (6) | ||||||
| 47. | Mall at Tuttle Crossing, The | OH | Dublin (Columbus) | Fee | 50.0 | % (4) | Acquired 2007 | 93.6 | % | 1,123,012 | Macy's, JCPenney, Sears, (8) | ||||||
| 48. | Mall of Georgia | GA | Buford (Atlanta) | Fee | 100.0 | % | Built 1999 | 98.6 | % | 1,845,086 | Dillard's, Macy's, JCPenney, Belk, Dick's Sporting Goods, Barnes & Noble, Haverty's Furniture, Regal Cinema, Von Maur | ||||||
| 49. | Mall of New Hampshire, The | NH | Manchester | Fee and Ground Lease (2019-2027) (7) | 56.4 | % (4) | Acquired 1999 | 93.1 | % | 794,004 | Macy's, JCPenney, Sears, Best Buy | ||||||
| 50. | McCain Mall | AR | N. Little Rock | Fee | 100.0 | % | Built 1973 | 93.2 | % | 793,446 | Dillard's, JCPenney, Sears, Regal Cinema | ||||||
| 51. | Meadowood Mall | NV | Reno | Fee | 50.0 | % (4) | Acquired 2007 | 96.3 | % | 901,417 | Macy's (9), Sears, JCPenney, Dick's Sporting Goods | ||||||
| 52. | Menlo Park Mall | NJ | Edison (New York) | Fee | 100.0 | % | Acquired 1997 | 95.9 | % | 1,334,020 | 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 | |||||||||
| 53. | Miami International Mall | FL | Miami | Fee | 47.8 | % (4) | Built 1982 | 99.6 | % | 1,082,371 | Macy's (9), JCPenney, Sears, Kohl's | ||||||
| 54. | Midland Park Mall | TX | Midland | Fee | 100.0 | % | Built 1980 | 97.1 | % | 635,788 | Dillard's (9), JCPenney, Sears (6), Bealls, Ross | ||||||
| 55. | Miller Hill Mall | MN | Duluth | Fee | 100.0 | % | Built 1973 | 98.9 | % | 831,739 | JCPenney, Sears, Younkers, Barnes & Noble, DSW, Dick's Sporting Goods | ||||||
| 56. | Montgomery Mall | PA | North Wales (Philadelphia) | Fee | 79.4 | % | Acquired 2003 | 89.6 | % | 1,100,151 | Macy's, JCPenney, Sears, Dick's Sporting Goods, Wegmans | ||||||
| 57. | North East Mall | TX | Hurst (Dallas) | Fee | 100.0 | % | Built 1971 | 95.3 | % | 1,669,336 | Nordstrom, Dillard's, Macy's, JCPenney, Sears, Dick's Sporting Goods, Rave Theatre | ||||||
| 58. | Northgate Mall | WA | Seattle | Fee | 100.0 | % | Acquired 1987 | 97.3 | % | 1,045,727 | Nordstrom, Macy's, JCPenney, Barnes & Noble, Bed Bath & Beyond, DSW, Nordstrom Rack | ||||||
| 59. | Northshore Mall | MA | Peabody (Boston) | Fee | 56.4 | % (4) | Acquired 1999 | 88.8 | % | 1,593,881 | JCPenney, Sears (6), Nordstrom, Macy's (9), Barnes & Noble, Toys 'R Us, Shaw's Grocery, The Container Store, DSW | ||||||
| 60. | Ocean County Mall | NJ | Toms River (New York) | Fee | 100.0 | % | Acquired 1998 | 91.8 | % | 898,526 | Macy's, Boscov's, JCPenney, Sears (6) | ||||||
| 61. | Orland Square | IL | Orland Park (Chicago) | Fee | 100.0 | % | Acquired 1997 | 97.0 | % | 1,230,078 | Macy's, Carson's, JCPenney, Sears (16), Dave & Buster's, AMC Theatre (6) | ||||||
| 62. | Oxford Valley Mall | PA | Langhorne (Philadelphia) | Fee | 85.5 | % | Acquired 2003 | 90.3 | % | 1,335,665 | Macy's, JCPenney, Sears, United Artists Theatre, (8) | ||||||
| 63. | Penn Square Mall | OK | Oklahoma City | Ground Lease (2060) | 94.5 | % | Acquired 2002 | 99.4 | % | 1,064,888 | Macy's, Dillard's (9), JCPenney, AMC Theatres, Container Store (6) | ||||||
| 64. | Pheasant Lane Mall | NH | Nashua | - | — | % (14) | Acquired 2002 | 92.9 | % | 979,534 | JCPenney, Sears, Target, Macy's, Dick's Sporting Goods | ||||||
| 65. | Phipps Plaza | GA | Atlanta | Fee | 100.0 | % | Acquired 1998 | 97.6 | % | 825,787 | Saks Fifth Avenue, Nordstrom, Belk (6), AMC Theatres, Arhaus Furniture, Legoland Discovery Center, AC Hotel by Marriott, Life Time Fitness (6), Nobu Hotel and Restaurant (6), Ecco Buckhead (6), (18) | ||||||
| 66. | Plaza Carolina | PR | Carolina (San Juan) | Fee | 100.0 | % | Acquired 2004 | 93.0 | % | 1,158,458 | JCPenney, Sears, Tiendas Capri, Econo, Best Buy, T.J. Maxx, DSW, Carribean Cinemas (6) | ||||||
| 67. | Prien Lake Mall | LA | Lake Charles | Fee and Ground Lease (2040) (7) | 100.0 | % | Built 1972 | 96.7 | % | 782,639 | Dillard's, JCPenney, Sears, Cinemark Theatres, Kohl's, Dick's Sporting Goods, T.J. Maxx/HomeGoods (6) | ||||||
| 68. | Quaker Bridge Mall | NJ | Lawrenceville | Fee | 50.0 | % (4) | Acquired 2003 | 97.3 | % | 1,081,471 | Macy's, Lord & Taylor, JCPenney, Sears | ||||||
| 69. | Rockaway Townsquare | NJ | Rockaway (New York) | Fee | 100.0 | % | Acquired 1998 | 94.8 | % | 1,246,396 | Macy's, Lord & Taylor, JCPenney, Sears, Raymour & Flanigan | ||||||
| 70. | Roosevelt Field | NY | Garden City (New York) | Fee and Ground Lease (2090) (7) | 100.0 | % | Acquired 1998 | 94.8 | % | 2,377,252 | Bloomingdale's (9), Nordstrom, Macy's, JCPenney, Dick's Sporting Goods, AMC Entertainment, XSport Fitness, Neiman Marcus, Residence Inn by Marriott (6) | ||||||
| 71. | Ross Park Mall | PA | Pittsburgh | Fee | 100.0 | % | Built 1986 | 99.0 | % | 1,239,706 | JCPenney, Sears (6), Nordstrom, L.L. Bean, Macy's, Crate & Barrel | ||||||
| 72. | Santa Rosa Plaza | CA | Santa Rosa | Fee | 100.0 | % | Acquired 1998 | 96.0 | % | 692,038 | Macy's, Sears, Forever 21 | ||||||
| 73. | Shops at Chestnut Hill, The | MA | Chestnut Hill (Boston) | Fee | 94.4 | % | Acquired 2002 | 94.9 | % | 470,103 | Bloomingdale's (9) | ||||||
| 74. | Shops at Clearfork, The | TX | Fort Worth | Fee and Ground Lease (2067) (7) | 45.0 | % (4) | Built 2017 | 71.5 | % | 486,555 | Neiman Marcus, Arhaus Furniture, AMC Theatre (6), Pinstripes (6), WeWork (6) | ||||||
| 75. | Shops at Crystals, The | NV | Las Vegas | Fee | 50.0 | % (4) | Acquired 2016 | 91.4 | % | 262,305 | |||||||
| 76. | Shops at Nanuet, The | NY | Nanuet | Fee | 100.0 | % | Redeveloped 2013 | 95.4 | % | 757,928 | Macy's, Sears, Fairway Market, Regal Cinema, 24 Hour Fitness | ||||||
| 77. | Shops at Mission Viejo, The | CA | Mission Viejo (Los Angeles) | Fee | 51.0 | % (4) | Built 1979 | 98.2 | % | 1,249,937 | Nordstrom, Macy's (9), Forever 21 | ||||||
| 78. | Shops at Riverside, The | NJ | Hackensack (New York) | Fee | 100.0 | % | Acquired 2007 | 95.4 | % | 699,498 | Bloomingdale's, Barnes & Noble, Arhaus Furniture, AMC Theatre | ||||||
| 79. | Smith Haven Mall | NY | Lake Grove (New York) | Fee | 25.0 | % (4) (2) | Acquired 1995 | 94.0 | % | 1,302,086 | Macy's (9), JCPenney, Sears, Dick's Sporting Goods, Barnes & Noble, L.L. Bean | ||||||
| 80. | Solomon Pond Mall | MA | Marlborough (Boston) | Fee | 56.4 | % (4) | Acquired 1999 | 93.7 | % | 886,784 | Macy's, JCPenney, Sears, Regal Cinema |
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 | |||||||||
| 81. | South Hills Village | PA | Pittsburgh | Fee | 100.0 | % | Acquired 1997 | 97.2 | % | 1,128,787 | Macy's (9), Sears (6), Barnes & Noble, AMC Cinemas, Dick's Sporting Goods, Target, DSW, Ulta | ||||||
| 82. | South Shore Plaza | MA | Braintree (Boston) | Fee | 100.0 | % | Acquired 1998 | 96.5 | % | 1,587,176 | Macy's, Lord & Taylor, Sears, Nordstrom, Target, DSW, Primark | ||||||
| 83. | Southdale Center | MN | Edina (Minneapolis) | Fee | 100.0 | % | Acquired 2007 | 90.9 | % | 1,050,275 | Macy's, AMC Theatres, Herberger's, Dave & Buster's, Restoration Hardware (6), Life Time Athletic (6), Life Time Work (6), Homewood Suites by Hilton (6), (8), (18) | ||||||
| 84. | SouthPark | NC | Charlotte | Fee and Ground Lease (2040) (10) | 100.0 | % | Acquired 2002 | 98.9 | % | 1,676,137 | Neiman Marcus, Nordstrom, Macy's, Dillard's, Belk, Dick's Sporting Goods, Crate & Barrel, The Container Store, Reid's Fine Foods & Wine Bar (17), (18) | ||||||
| 85. | Southridge Mall | WI | Greendale (Milwaukee) | Fee | 100.0 | % | Acquired 2007 | 97.3 | % | 1,220,716 | JCPenney, Kohl's (15), Boston Store, Macy's, Marcus Cinema, Dick's Sporting Goods (6), Round 1 (6) | ||||||
| 86. | Springfield Mall (1) | PA | Springfield (Philadelphia) | Fee | 50.0 | % (4) | Acquired 2005 | 95.0 | % | 610,063 | Macy's, Target | ||||||
| 87. | Square One Mall | MA | Saugus (Boston) | Fee | 56.4 | % (4) | Acquired 1999 | 94.3 | % | 930,282 | Macy's, Sears, Best Buy, T.J. Maxx N More, Dick's Sporting Goods, (8) | ||||||
| 88. | St. Charles Towne Center | MD | Waldorf (Washington, DC) | Fee | 100.0 | % | Built 1990 | 93.9 | % | 979,934 | Macy's (9), JCPenney, Sears, Kohl's, Dick Sporting Goods, AMC Theatres | ||||||
| 89. | St. Johns Town Center | FL | Jacksonville | Fee | 50.0 | % (4) | Built 2005 | 98.5 | % | 1,392,425 | Nordstrom, Dillard's, Arhaus Furniture, Dick's Sporting Goods, Barnes & Noble, Homewood Suites by Hilton (17), | ||||||
| Target, Ashley Furniture Home Store, Ross, Staples, DSW, JoAnn Fabrics, PetsMart | |||||||||||||||||
| 90. | Stanford Shopping Center | CA | Palo Alto (San Jose) | Ground Lease (2054) | 94.4 | % (12) | Acquired 2003 | 94.9 | % | 1,343,587 | Neiman Marcus, Bloomingdale's, Nordstrom, Macy's (9), Crate and Barrel, The Container Store | ||||||
| 91. | Stoneridge Shopping Center | CA | Pleasanton (San Francisco) | Fee | 49.9 | % (4) | Acquired 2007 | 98.6 | % | 1,298,870 | Macy's (9), Nordstrom, Sears (6), JCPenney | ||||||
| 92. | Summit Mall | OH | Akron | Fee | 100.0 | % | Built 1965 | 92.9 | % | 776,580 | Dillard's (9), Macy's | ||||||
| 93. | Tacoma Mall | WA | Tacoma (Seattle) | Fee | 100.0 | % | Acquired 1987 | 98.2 | % | 1,320,058 | Nordstrom, Macy's, JCPenney, Sears (6), Dick's Sporting Goods | ||||||
| 94. | Tippecanoe Mall | IN | Lafayette | Fee | 100.0 | % | Built 1973 | 84.4 | % | 862,303 | Macy's, JCPenney, Sears, Kohl's, Dick's Sporting Goods, (8) | ||||||
| 95. | Town Center at Boca Raton | FL | Boca Raton (Miami) | Fee | 100.0 | % | Acquired 1998 | 98.6 | % | 1,778,497 | Saks Fifth Avenue, Neiman Marcus, Bloomingdale's, Nordstrom, Macy's, Sears (17), Crate & Barrel, The Container Store | ||||||
| 96. | Town Center at Cobb | GA | Kennesaw (Atlanta) | Fee | 100.0 | % | Acquired 1998 | 95.6 | % | 1,280,873 | Belk, Macy's (9), JCPenney, Sears | ||||||
| 97. | Towne East Square | KS | Wichita | Fee | 100.0 | % | Built 1975 | 94.7 | % | 1,145,860 | Dillard's, Von Maur, JCPenney, Sears | ||||||
| 98. | Treasure Coast Square | FL | Jensen Beach | Fee | 100.0 | % | Built 1987 | 94.2 | % | 876,365 | Macy's, Dillard's, JCPenney, Sears, Regal Cinema, (8) | ||||||
| 99. | Tyrone Square | FL | St. Petersburg (Tampa) | Fee | 100.0 | % | Built 1972 | 97.2 | % | 960,386 | Macy's, Dillard's, JCPenney, DSW, Cobb 10 Luxury Theatres, Dick's Sporting Goods (6), Lucky's Market (6), PetSmart (6) | ||||||
| 100. | University Park Mall | IN | Mishawaka | Fee | 100.0 | % | Built 1979 | 98.1 | % | 918,731 | Macy's, JCPenney, Sears, Barnes & Noble | ||||||
| 101. | Walt Whitman Shops | NY | Huntington Station (New York) | Fee and Ground Lease (2032) (7) | 100.0 | % | Acquired 1998 | 99.3 | % | 1,084,717 | Saks Fifth Avenue, Bloomingdale’s, Lord & Taylor, Macy’s | ||||||
| 102. | West Town Mall | TN | Knoxville | Ground Lease (2042) | 50.0 | % (4) | Acquired 1991 | 98.6 | % | 1,342,044 | Belk (9), Dillard’s, JCPenney, Sears (6), Cinebarre Theatre (6) | ||||||
| 103. | Westchester, The | NY | White Plains (New York) | Fee | 40.0 | % (4) | Acquired 1997 | 92.3 | % | 809,717 | Neiman Marcus, Nordstrom, Crate and Barrel | ||||||
| 104. | White Oaks Mall | IL | Springfield | Fee | 80.7 | % | Built 1977 | 88.2 | % | 926,465 | Macy's, Bergner’s, Sears, Dick's Sporting Goods, LA Fitness, (8) | ||||||
| 105. | Wolfchase Galleria | TN | Memphis | Fee | 94.5 | % | Acquired 2002 | 92.4 | % | 1,151,431 | Macy's, Dillard's, JCPenney, Sears, Malco Theatres, Courtyard by Marriott (16) | ||||||
| 106. | Woodfield Mall | IL | Schaumburg (Chicago) | Fee | 50.0 | % (4) | Acquired 2012 | 96.0 | % | 2,138,708 | Nordstrom, Macy's, Lord & Taylor, JCPenney, Sears, Arhaus Furniture, Level 257 | ||||||
| 107. | Woodland Hills Mall | OK | Tulsa | Fee | 94.5 | % | Acquired 2002 | 98.4 | % | 1,091,709 | Macy's, Dillard's, JCPenney, Sears, Holiday Inn Express (17), Courtyard by Marriott (17) | ||||||
| Total Mall GLA | 120,988,749 | (19) |
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 | 88.7 | % | 429,551 | 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 | TX | Allen (Dallas) | Fee | 100.0 | % | Acquired 2004 | 87.4 | % | 542,867 | Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, Giorgio Armani, Guess, H&M (6), J.Crew, Kate Spade New York, Lacoste, Michael Kors, Nike, Polo Ralph Lauren, Staybridge Suites (16), The North Face, Tommy Hilfiger, Tory Burch | ||||||
| 3. | Aurora Farms Premium Outlets | OH | Aurora (Cleveland) | Fee | 100.0 | % | Acquired 2004 | 96.2 | % | 271,705 | 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 | 91.7 | % | 629,109 | Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Express, 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 | 98.9 | % | 675,393 | Adidas, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Johnny Rockets, Kate Spade New York, Lululemon, Michael Kors, Neiman Marcus Last Call, Nike, Panera Bread, Polo Ralph Lauren, 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 | 95.8 | % | 289,370 | 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, Tory Burch, Under Armour, Vince | ||||||
| 7. | Carolina Premium Outlets | NC | Smithfield (Raleigh) | Fee | 100.0 | % | Acquired 2004 | 98.2 | % | 438,759 | 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 | 99.1 | % | 398,710 | 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 | 96.0 | % | 687,607 | 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, Shinola, 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 | 97.9 | % | 398,709 | Adidas, Banana Republic, Brooks Brothers, Coach, Gap Outlet, J.Crew, Lacoste, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Shinola, The North Face, Tommy Hilfiger, Under Armour | ||||||
| 11. | Clarksburg Premium Outlets | MD | Clarksburg (Washington, DC) | Fee | 66.0 | % (4) | Built 2016 | 91.5 | % | 389,984 | All Saints, Armani Outlet, A/X Armani Exchange, Adidas, Bally, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Eredi Pisano, Ermenegildo Zegna, Express, Johnny Rockets, Kate Spade New York, Michael Kors, Nike, Philipp Plein, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, 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 | 97.0 | % | 276,094 | Abercrombie & Fitch, Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Express, Francesca's Collections, 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 | 98.3 | % | 650,182 | Agent Provocateur, Alexander McQueen, Armani Outlet, Balenciaga, Brioni, Burberry, Coach, Ermenegildo Zegna, Gucci, Marc Jacobs, Moncler, Neiman Marcus Last Call, 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 | 95.7 | % | 377,787 | Abercrombie & Fitch, Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Calvin Klein, Coach, Columbia Sportswear, Express, Gap Outlet, Guess, J.Crew, Levi's, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour, Vera Bradley, White House Black Market | ||||||
| 15. | Ellenton Premium Outlets | FL | Ellenton (Tampa) | Fee | 100.0 | % | Acquired 2010 | 95.6 | % | 476,836 | Ann Taylor, Adidas, Banana Republic, Calvin Klein, Coach, Express, Guess, Greg Norman, 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 | 92.4 | % | 297,529 | Adidas, American Eagle Outfitters, Banana Republic, Calvin Klein, Coach, Eddie Bauer, Gap Outlet, Guess, Loft Outlet, Nike, Skechers, Tommy Hilfiger, Under Armour, Vans | ||||||
| 17. | Gilroy Premium Outlets | CA | Gilroy (San Jose) | Fee | 100.0 | % | Acquired 2004 | 92.3 | % | 578,170 | Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, DKNY, J.Crew, Kate Spade New York, Lacoste, Lucky Brand, Lululemon, Michael Kors, Nike, Polo Ralph Lauren, Puma, 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 | 88.0 | % | 369,654 | 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 | 92.8 | % | 416,348 | American Eagle, Asics, Banana Republic, Bloomingdale's The Outlet Store, Calvin Klein, Coach, Columbia Sportswear, Kate Spade New York, J.Crew, Levi's, Lucky Brand, Michael Kors, Nike, Saks Fifth Avenue Off 5th, Talbots, Tommy Bahama, Tommy Hilfiger, Tumi, Under Armour | ||||||
| 20. | Grove City Premium Outlets | PA | Grove City (Pittsburgh) | Fee | 100.0 | % | Acquired 2010 | 93.7 | % | 531,126 | Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, Guess, J.Crew, Michael Kors, New Balance, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger, Under Armour, Vera Bradley | ||||||
| 21. | Gulfport Premium Outlets | MS | Gulfport | Ground Lease (2059) | 100.0 | % | Acquired 2010 | 94.0 | % | 300,027 | American Eagle Outfitters, Ann Taylor, Banana Republic, Chico's, Coach, Gap Outlet, Gymboree, H&M (6), J.Crew, 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 | 93.0 | % | 485,062 | Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Columbia Sportswear, Express, Gap Outlet, Guess, J.Crew, Kate Spade New York, Loft Outlet, New Balance, 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 | 97.0 | % | 541,942 | Ann Taylor, A/X Armani Exchange, Banana Republic, Brooks Brothers, Burberry, Calvin Klein, Coach, Furla, Gap Outlet, Giorgio Armani, Holiday Inn Express (17), J.Crew, Kate Spade New York, Lucky Brand, Lululemon, Michael Kors, Nike, Saks Fifth Avenue Off 5th, TAG Heuer, Tommy Hilfiger, Tory Burch, Vera Bradley | ||||||
| 24. | Jackson Premium Outlets | NJ | Jackson (New York) | Fee | 100.0 | % | Acquired 2004 | 98.2 | % | 285,536 | Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Francesca's Collections, Gap Outlet, Guess, J.Crew, Loft Outlet, Lucky Brand, Michael Kors, 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 | 96.9 | % | 434,434 | Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Burberry, Brooks Brothers, Coach, Columbia Sportswear, Eddie Bauer, Express, Guess, J.Crew, Kate Spade New York, Lacoste, Lucky Brand, Michael Kors, Nike, Polo Ralph Lauren, Talbots, Theory, Tommy Hilfiger, True Religion, Under Armour, Ugg | ||||||
| 26. | Johnson Creek Premium Outlets | WI | Johnson Creek | Fee | 100.0 | % | Acquired 2004 | 97.9 | % | 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 | 86.8 | % | 259,041 | 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 | 94.4 | % | 554,098 | Adidas, Banana Republic, Calvin Klein, Coach, Columbia Spartswear, Gap Outlet, Giorgio Armani, Guess, Kate Spade New York, Lacoste, Levi's, Michael Kors, Nike, Polo Ralph Lauren, Puma, The North Face, Tommy Hilfiger, Under Armour | ||||||
| 29. | Las Vegas North Premium Outlets | NV | Las Vegas | Fee | 100.0 | % | Built 2003 | 99.7 | % | 676,113 | All Saints, Armani Outlet, A/X Armani Exchange, Banana Republic, Burberry, Canali, CH Carolina Herrera, Cheesecake Factory, 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, Shake Shack, TAG Heuer, Tory Burch | ||||||
| 30. | Las Vegas South Premium Outlets | NV | Las Vegas | Fee | 100.0 | % | Acquired 2004 | 99.1 | % | 535,408 | Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Columbia Sportswear, 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 | 98.8 | % | 224,833 | Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Chico's, Coach, J.Crew, Lacoste, Levi's, Loft Outlet, Michael Kors, Nike, Polo Ralph Lauren, Skechers, Talbots, Tommy Hilfiger, Under Armour | ||||||
| 32. | Leesburg Corner Premium Outlets | VA | Leesburg (Washington, DC) | Fee | 100.0 | % | Acquired 2004 | 98.1 | % | 478,225 | Ann Taylor, Armani Outlet, A/X Armani Exchange, Brooks Brothers, Burberry, Coach, Columbia Sportswear, Kate Spade New York, Lacoste, Lululemon, Michael Kors, Nike, Polo Ralph Lauren, Restoration Hardware, Saks Fifth Avenue Off 5th, Tory Burch, 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 | 93.2 | % | 454,782 | Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Calvin Klein, Coach, Columbia Sportswear, Express, 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 | 94.9 | % | 408,902 | 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, Tory Burch, Under Armour, White House Black Market | ||||||
| 35. | Napa Premium Outlets | CA | Napa | Fee | 100.0 | % | Acquired 2004 | 94.3 | % | 179,200 | Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, J.Crew, Lucky Brand, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger | ||||||
| 36. | Norfolk Premium Outlets | VA | Norfolk | Fee | 65.0 | % (4) | Built 2017 | 79.4 | % | 332,101 | A/X Armani Exchange, Banana Republic, Calvin Klein, Coach, Gap Outlet, H&M (6), Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, Tory Burch, Under Armour | ||||||
| 37. | North Bend Premium Outlets | WA | North Bend (Seattle) | Fee | 100.0 | % | Acquired 2004 | 93.4 | % | 223,560 | Banana Republic, Carter's, Coach, Eddie Bauer, Gap Outlet, Nike, PacSun, Under Armour, Van Heusen | ||||||
| 38. | North Georgia Premium Outlets | GA | Dawsonville (Atlanta) | Fee | 100.0 | % | Acquired 2004 | 95.4 | % | 540,542 | Ann Taylor, Armani Outlet, Banana Republic, Brooks Brothers, Burberry, Calvin Klein, Coach, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Talbots, The North Face, Tommy Hilfiger, Tory Burch, Williams-Sonoma | ||||||
| 39. | Orlando International Premium Outlets | FL | Orlando | Fee | 100.0 | % | Acquired 2010 | 98.7 | % | 773,631 | Adidas, Armani Outlet, Calvin Klein, Coach, Invicta, Havaianas, J.Crew, Kate Spade New York, Lacoste, Neiman Marcus Last Call, Michael Kors, Nike, Panera Bread, Polo Ralph Lauren, Puma, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, The North Face, Tommy Hilfiger, Tory Burch, True Religion, Under Armour, Victoria’s Secret | ||||||
| 40. | Orlando Vineland Premium Outlets | FL | Orlando | Fee | 100.0 | % | Acquired 2004 | 98.4 | % | 656,891 | Adidas, All Saints, 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 | ||||||
| 41. | Petaluma Village Premium Outlets | CA | Petaluma (San Francisco) | Fee | 100.0 | % | Acquired 2004 | 94.0 | % | 201,714 | Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Coach, Converse, Gap Outlet, Nike, Saks Fifth Avenue Off 5th, Tommy Hilfiger | ||||||
| 42. | Philadelphia Premium Outlets | PA | Limerick (Philadelphia) | Fee | 100.0 | % | Built 2007 | 97.5 | % | 549,155 | Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, Guess, J.Crew, Loft Outlet, Michael Kors, Nike, Polo Ralph Lauren, Puma, Restoration Hardware, The North Face, Tommy Hilfiger, Tory Burch, Under Armour, Vera Bradley, Ugg | ||||||
| 43. | Phoenix Premium Outlets | AZ | Chandler (Phoenix) | Ground Lease (2077) | 100.0 | % | Built 2013 | 93.4 | % | 356,498 | Adidas, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Factory Store, Kate Spade New York, Lucky Brand, Michael Kors, Nike, Saks Fifth Avenue Off 5th, Tommy Bahama, Tommy Hilfiger, Under Armour | ||||||
| 44. | 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, Skechers, Tommy Hilfiger, Van Heusen |
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. | Pleasant Prairie Premium Outlets | WI | Pleasant Prairie (Chicago, IL/ Milwaukee) | Fee | 100.0 | % | Acquired 2010 | 96.5 | % | 402,614 | 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 | ||||||
| 46. | Puerto Rico Premium Outlets | PR | Barceloneta | Fee | 100.0 | % | Acquired 2010 | 93.4 | % | 349,986 | 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 | ||||||
| 47. | Queenstown Premium Outlets | MD | Queenstown (Baltimore) | Fee | 100.0 | % | Acquired 2010 | 96.3 | % | 289,562 | 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 | ||||||
| 48. | Rio Grande Valley Premium Outlets | TX | Mercedes (McAllen) | Fee | 100.0 | % | Built 2006 | 89.5 | % | 604,065 | Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, 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 | ||||||
| 49. | Round Rock Premium Outlets | TX | Round Rock (Austin) | Fee | 100.0 | % | Built 2006 | 99.2 | % | 488,689 | 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 | ||||||
| 50. | San Francisco Premium Outlets | CA | Livermore (San Francisco) | Fee and Ground Lease (2021) (10) | 100.0 | % | Built 2012 | 98.5 | % | 696,961 | 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 (15), 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 | ||||||
| 51. | San Marcos Premium Outlets | TX | San Marcos (Austin/San Antonio) | Fee | 100.0 | % | Acquired 2010 | 96.8 | % | 732,666 | Banana Republic, Burberry, CH Carolina Herrera, Diane Von Furstenberg, Gucci, J. Crew, Johnny Rockets, 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 | ||||||
| 52. | Seattle Premium Outlets | WA | Tulalip (Seattle) | Ground Lease (2079) | 100.0 | % | Built 2005 | 97.1 | % | 554,831 | 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 | ||||||
| 53. | Silver Sands Premium Outlets | FL | Destin | Fee | 50.0 | % (4) | Acquired 2012 | 92.2 | % | 450,945 | 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 | ||||||
| 54. | St. Augustine Premium Outlets | FL | St. Augustine (Jacksonville) | Fee | 100.0 | % | Acquired 2004 | 100.0 | % | 327,699 | Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, Greg Norman, J.Crew, Nike, Polo Ralph Lauren, Puma, Reebok, Tommy Bahama, 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 | |||||||||
| 55. | St. Louis Premium Outlets | MO | St. Louis (Chesterfield) | Fee | 60.0 | % (4) | Built 2013 | 97.9 | % | 351,505 | 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 | ||||||
| 56. | Tampa Premium Outlets | FL | Lutz (Tampa) | Fee | 100.0 | % | Built 2015 | 95.3 | % | 459,504 | Adidas, American Eagle Outfitters, Ann Taylor, Armani Outlet, Banana Rebublic, BJ's Restaurant and Brewhouse, Brooks Brothers, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, Greg Norman, Guess, J. Crew, Lucky Brand, Michael Kors, Nike, Polo Ralph Lauren, Puma, Reebok, Saks 5th Avenue Off 5th, Tommy Hilfiger, Tumi, Under Armour, Vera Bradley | ||||||
| 57. | Tanger Outlets - Columbus (1) | OH | Sunbury (Columbus) | Fee | 50.0 | % (4) | Built 2016 | 92.6 | % | 355,281 | Coach, Nike, Polo Ralph Lauren, Under Armour, Victoria's Secret | ||||||
| 58. | Tanger Outlets - Galveston/Houston (1) | TX | Texas City | Fee | 50.0 | % (4) | Built 2012 | 98.1 | % | 352,705 | Banana Republic, Brooks Brothers, Coach, Gap Outlet, J. Crew, Michael Kors, Nike, Reebok, Tommy Hilfiger, White House Black Market | ||||||
| 59. | The Crossings Premium Outlets | PA | Tannersville | Fee and Ground Lease (2019) (7) | 100.0 | % | Acquired 2004 | 99.5 | % | 411,595 | Abercrombie & Fitch, Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Francesca's Collections, Guess, J.Crew, Johnny Rockets, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Timberland, Tommy Hilfiger, Under Armour | ||||||
| 60. | Tucson Premium Outlets | AZ | Marana (Tucson) | Fee | 100.0 | % | Built 2015 | 87.4 | % | 363,437 | Adidas, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Express, Forever 21, Gap Outlet, Godiva, Guess, J. Crew, Johnny Rockets, Levi’s, Lucky Brand, Michael Kors, Nike, Saks 5th Avenue Off 5th, Skechers, Tommy Hilfiger, Under Armour | ||||||
| 61. | Twin Cities Premium Outlets | MN | Eagan | Fee | 35.0 | % (4) | Built 2014 | 97.5 | % | 408,930 | Adidas, Ann Taylor, Armani Outlet, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, J. Crew, Levi's, Loft Outlet, Michael Kors,Nike, Polo Ralph Lauren, Robert Graham, Saks Fifth Avenue Off 5th, Talbots, True Religion, Under Armour, Vera Bradley | ||||||
| 62. | Vacaville Premium Outlets | CA | Vacaville | Fee | 100.0 | % | Acquired 2004 | 96.3 | % | 440,202 | Adidas, Ann Taylor, Banana Republic, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, J.Crew, Kate Spade New York, Lacoste, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Tommy Bahama, Tommy Hilfiger, True Religion, Under Armour | ||||||
| 63. | Waikele Premium Outlets | HI | Waipahu (Honolulu) | Fee | 100.0 | % | Acquired 2004 | 98.4 | % | 219,321 | 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 | ||||||
| 64. | Waterloo Premium Outlets | NY | Waterloo | Fee | 100.0 | % | Acquired 2004 | 90.5 | % | 417,844 | Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Chico’s, Coach, Columbia Sportswear, Gap Outlet, H&M (6), J.Crew, Levi's, Loft Outlet, Nike, Polo Ralph Lauren, Puma, Talbots, Timberland, Tommy Hilfiger, Under Armour | ||||||
| 65. | Williamsburg Premium Outlets | VA | Williamsburg | Fee | 100.0 | % | Acquired 2010 | 97.9 | % | 522,317 | 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 |
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. | Woodburn Premium Outlets | OR | Woodburn (Portland) | Fee | 100.0 | % | Acquired 2013 | 99.0 | % | 389,845 | 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, Tory Burch, Under Armour | ||||||
| 67. | Woodbury Common Premium Outlets | NY | Central Valley (New York) | Fee | 100.0 | % | Acquired 2004 | 98.9 | % | 901,756 | Armani Outlet, Balenciega, Brioni, Brunello Cucinelli, Burberry, Canali, Chloe, Coach, Dior, Dolce & Gabbana, Dunhill, Fendi, Gucci, Lacoste, Le Pain Quotidien, Neiman Marcus Last Call, Michael Kors, Moncler, Nike, Oscar de la Renta, Polo Ralph Lauren, Prada, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, Shake Shack, Theory, Tod's, Tom Ford, Tory Burch, Valentino, Versace, Yo! Sushi, Yves St. Laurent | ||||||
| 68. | Wrentham Village Premium Outlets | MA | Wrentham (Boston) | Fee | 100.0 | % | Acquired 2004 | 99.6 | % | 660,105 | 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 | 30,154,638 |
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 | 94.7 | % | 1,236,788 | Marshalls, Neiman Marcus Last Call (15), Burlington Coat Factory, Sears Appliance Outlet, Ross, At Home, Group USA, Harkins Cinemas & IMAX, Sea Life Center, Conn's, Legoland, Tilt Studio, Forever 21, Rainforest Café, (8) | ||||||
| 2. | Arundel Mills | MD | Hanover (Baltimore) | Fee | 59.3 | % (4) | Acquired 2007 | 97.3 | % | 1,663,947 | 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 (15), Saks Fifth Avenue Off 5th, Off Broadway Shoe Warehouse, T.J. Maxx, Cinemark Egyptian 24 Theatres, Maryland Live! Casino, Forever 21, Live! Hotel (16) | ||||||
| 3. | Colorado Mills | CO | Lakewood (Denver) | Fee | 37.5 | % (4) | Acquired 2007 | 93.1 | % | 1,411,572 | 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 | ||||||
| 4. | Concord Mills | NC | Concord (Charlotte) | Fee | 59.3 | % (4) | Acquired 2007 | 98.6 | % | 1,361,962 | 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 | 99.6 | % | 1,781,618 | 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, F21 Red, Rainforest Café, (8) | ||||||
| 6. | Great Mall | CA | Milpitas (San Jose) | Fee and Ground Lease (2049) (7) | 100.0 | % | Acquired 2007 | 99.2 | % | 1,365,933 | 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, Forever 21, H&M | ||||||
| 7. | Gurnee Mills | IL | Gurnee (Chicago) | Fee | 100.0 | % | Acquired 2007 | 95.4 | % | 1,935,925 | 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, Lee/Wrangler Clearance Center, Marcus Cinemas, Neiman Marcus Last Call (15), Value City Furniture, Off Broadway Shoe Warehouse, Macy's, Floor & Decor, Dick's Sporting Goods (6), Tilt/Rink Side Sports & Family Entertainment Center, Rainforest Café, H&M, Forever 21, (8) | ||||||
| 8. | Katy Mills | TX | Katy (Houston) | Fee | 62.5 | % (4) (2) | Acquired 2007 | 99.8 | % | 1,789,591 | 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, RH Outlet, XXI Forever, Rainforest Café | ||||||
| 9. | Mills at Jersey Gardens, The | NJ | Elizabeth | Fee | 100.0 | % | Acquired 2015 | 99.5 | % | 1,302,186 | 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 | 98.1 | % | 1,421,224 | Burlington Coat Factory, Nike Factory Store, 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, H&M, Rainforest Café, Aki-Home (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 | 99.6 | % | 1,168,355 | 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, Rainforest Café, Aquarium Restaurant | ||||||
| 12. | Outlets at Orange, The | CA | Orange (Los Angeles) | Fee | 50.0 | % (4) | Acquired 2007 | 99.6 | % | 867,381 | 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, Nike Factory Store, Adidas | ||||||
| 13. | Potomac Mills | VA | Woodbridge (Washington, DC) | Fee | 100.0 | % | Acquired 2007 | 99.4 | % | 1,540,263 | 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 | 99.2 | % | 2,273,525 | Bed Bath & Beyond, Brandsmart USA, Burlington Coat Factory, Retreat, Marshalls, Neiman Marcus Last Call, Nike Factory Store, Nordstrom Rack, Saks Fifth Avenue Off 5th, Ron Jon Surf Shop, Super Target, T.J. Maxx, Urban Planet, Off Broadway Shoes, Regal Cinema, Bloomingdale's Outlet, Forever 21, Century 21 Department Store, Dick's Sporting Goods, H&M, AC Hotel by Marriott (6) | ||||||
| Total Mills Properties GLA | 21,120,270 |
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 | 93.3 | % | 230,125 | Anthropologie, Apple, Pottery Barn | ||||||
| 2. | Hamilton Town Center | IN | Noblesville (Indianapolis) | Fee | 50.0 | % (4) | Built 2008 | 92.8 | % | 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 | 98.8 | % | 895,979 | 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 | 99.2 | % | 160,126 | Anthropologie, Apple, Pottery Barn | ||||||
| Total Lifestyle Centers GLA | 1,959,126 | ||||||||||||||||
| Other Properties | |||||||||||||||||
| 1. | Bangor Mall | ME | Bangor | Fee | 87.6 | % | Acquired 2003 | 78.0 | % | 657,412 | JCPenney, Sears (15), Dick's Sporting Goods, (8) | ||||||
| 2. | Calhoun Outlet Marketplace | GA | Calhoun | Fee | 100.0 | % | Acquired 2010 | 90.1 | % | 254,272 | 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 | 89.1 | % | 729,839 | Carson's (15), United Artists Theatre, Indianapolis Star, Nada, Punch Bowl Social | ||||||
| 4. | Florida Keys Outlet Marketplace | FL | Florida City | Fee | 100.0 | % | Acquired 2010 | 92.2 | % | 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 | 97.5 | % | 360,122 | Adidas, Ann Taylor, Banana Republic, Azria, Brooks Brothers, Coach, Gap Outlet, H&M (6), J.Crew, Michael Kors, Nike, Polo Ralph Lauren, Under Armour | ||||||
| 6. | Independence Center | MO | Independence (Kansas City) | Fee | 100.0 | % | Acquired 1994 | 84.0 | % | 884,545 | Dillard's, Macy's, Sears, Dick's Sporting Goods | ||||||
| 7. | Lebanon Outlet Marketplace | TN | Lebanon (Nashville) | Fee | 100.0 | % | Acquired 2010 | 83.9 | % | 227,532 | Ann Taylor, Brooks Brothers, Coach, Eddie Bauer, Gap Outlet, Loft Outlet, Nike, Polo Ralph Lauren, Reebok, Samsonite | ||||||
| 8. | Liberty Tree Mall | MA | Danvers (Boston) | Fee | 49.1 | % (4) | Acquired 1999 | 89.7 | % | 854,445 | Marshalls, Target, Kohl's, Best Buy, Staples, AC Moore, AMC Theatres, Nordstrom Rack, Off Broadway Shoes, Sky Zone, Total Wine & More | ||||||
| 9. | Liberty Village Outlet Marketplace | NJ | Flemington (New York) | Fee | 100.0 | % | Acquired 2004 | 70.6 | % | 158,762 | American Eagle Outfitters, Ann Taylor, Brooks Brothers, Calvin Klein, Coach, G.H. Bass & Co., J.Crew, Michael Kors, Polo Ralph Lauren, Timberland | ||||||
| 10. | Lincoln Plaza | PA | King of Prussia (Philadelphia) | Fee | 85.5 | % | Acquired 2003 | 100.0 | % | 264,951 | AC Moore, Michaels, T.J. Maxx, Home Goods, Raymour & Flanigan Outlet, DSW, Nordstrom Rack, (8) | ||||||
| 11. | Orlando Outlet Marketplace | FL | Orlando | Fee | 100.0 | % | Acquired 2010 | 98.5 | % | 199,360 | American Eagle, Calvin Klein, Nike, Nine West, Reebok, Skechers, Texas de Brazil | ||||||
| 12. | Osage Beach Outlet Marketplace | MO | Osage Beach | Fee | 100.0 | % | Acquired 2004 | 71.7 | % | 389,934 | Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Eddie Bauer, Gap Outlet, Levi’s, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour | ||||||
| 13 - 14. | The Mills Limited Partnership (TMLP) | Acquired 2007 | 2,913,566 | ||||||||||||||
| Total Other GLA | 8,101,036 | (19) | |||||||||||||||
| Total U.S. Properties GLA | 182,323,819 |
Simon Property Group, Inc.
Simon Property Group, L.P.
Property Table
U.S. Properties
FOOTNOTES:
| (1) | This property is managed by a third party. |
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| (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. |
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| (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. |
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| (4) | Joint venture properties accounted for under the equity method. |
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| (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). |
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| (6) | Indicates box, anchor, major or project currently under development/construction or has announced plans for development. |
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| (7) | Indicates ground lease covers less than 50% of the acreage of this property. |
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| (8) | Indicates vacant anchor or big box space(s). |
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| (9) | Tenant has multiple locations at this center. |
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| (10) | Indicates ground lease covers outparcel only. |
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| (11) | Tenant has an existing store at this center but will move to a new location. |
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| (12) | We receive substantially all the economic benefit of the property due to a preference or advance. |
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| (13) | Property is undergoing an expansion. |
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| (14) | We own a mortgage note that encumbers Pheasant Lane Mall that entitles us to 100% of the economics of this property. |
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| (15) | Indicates anchor has announced its intent to close this location. |
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| (16) | Indicates box, anchor, major or project currently under development/construction by a third party. |
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| (17) | Owned by a third party. |
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| (18) | Includes multi-family tenant on-site. |
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| (19) | GLA includes office space. Centers with more than 20,000 square feet of office space are listed below: |
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| Auburn Mall — 85,619 sq. ft. | Menlo Park Mall — 74,440 sq. ft. |
| Circle Centre — 129,944 sq. ft. | Oxford Valley Mall — 134,921 sq. ft. |
| Copley Place — 890,408 sq. ft. | Plaza Carolina — 27,398 sq. ft. |
| Domain, The — 156,240 sq. ft. | Shops at Clearfork, The — 143,275 sq. ft. |
| Fashion Centre at Pentagon City, The — 169,089 sq. ft. | Southdale Center — 34,636 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, 2017. 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 12/31/17 | Revenues (2) | ||||||
| Inline Stores and Freestanding | ||||||||||
| Month to Month Leases | 538 | 1,620,804 | $ | 52.55 | 1.6 | % | ||||
| 2018 | 2,308 | 7,771,584 | $ | 50.94 | 7.2 | % | ||||
| 2019 | 2,402 | 8,614,995 | $ | 49.85 | 7.8 | % | ||||
| 2020 | 2,040 | 7,061,647 | $ | 51.41 | 6.6 | % | ||||
| 2021 | 1,912 | 7,494,766 | $ | 49.89 | 6.9 | % | ||||
| 2022 | 1,951 | 7,450,008 | $ | 50.07 | 6.8 | % | ||||
| 2023 | 1,911 | 7,590,037 | $ | 54.64 | 7.5 | % | ||||
| 2024 | 1,541 | 5,863,148 | $ | 60.22 | 6.5 | % | ||||
| 2025 | 1,428 | 5,337,111 | $ | 63.21 | 6.2 | % | ||||
| 2026 | 1,304 | 4,649,649 | $ | 60.44 | 5.1 | % | ||||
| 2027 | 1,013 | 3,721,038 | $ | 60.65 | 4.1 | % | ||||
| 2028 and Thereafter | 447 | 2,891,107 | $ | 45.97 | 2.5 | % | ||||
| Specialty Leasing Agreements w/ terms in excess of 12 months | 1,177 | 3,232,193 | $ | 19.06 | 1.2 | % | ||||
| Anchors | ||||||||||
| 2018 | 4 | 438,930 | $ | 4.41 | 0.0 | % | ||||
| 2019 | 15 | 1,557,095 | $ | 4.16 | 0.1 | % | ||||
| 2020 | 27 | 3,336,350 | $ | 4.79 | 0.3 | % | ||||
| 2021 | 13 | 1,505,184 | $ | 4.75 | 0.1 | % | ||||
| 2022 | 16 | 2,391,104 | $ | 6.00 | 0.2 | % | ||||
| 2023 | 18 | 2,477,479 | $ | 6.85 | 0.3 | % | ||||
| 2024 | 14 | 958,890 | $ | 11.04 | 0.2 | % | ||||
| 2025 | 17 | 1,977,065 | $ | 8.58 | 0.3 | % | ||||
| 2026 | 5 | 651,342 | $ | 4.52 | 0.1 | % | ||||
| 2027 | 8 | 1,104,436 | $ | 4.87 | 0.1 | % | ||||
| 2028 and Thereafter | 20 | 2,508,498 | $ | 6.69 | 0.3 | % |
| (1) | Does not consider the impact of renewal options that may be contained in leases. |
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| (2) | Annual rental revenues represent domestic 2017 consolidated and joint venture combined base rental revenue. |
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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, 2017, we owned 63,924,148 shares, or approximately 21.0%, of Klépierre, which had a quoted market price of $43.93 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, 2017, we had a controlling interest in a European investee with interests in nine Designer Outlet properties. Eight of the outlet properties are located in Europe and one outlet property is located in Canada. Of the eight properties in Europe, two are in Italy, two are in the Netherlands, and one each is in Austria, France, Germany and the United Kingdom. As of December 31, 2017, our legal percentage ownership interests in these entities ranged from 45% to 94%. On April 7, 2017, this European investee acquired an additional 15.7% investment in the Roermond Designer Outlets Phase 4 expansion, bringing its total noncontrolling interest in the expansion to 51.3%. On April 21, 2017, this European investee acquired a 100% interest in an outlet center in Roosendaal, Netherlands. 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 four operating joint venture properties in South Korea, a 50% interest in one operating joint venture property in Mexico, a 50% interest in two operating joint venture properties 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 99.9% leased as of December 31, 2017.
The following property tables summarize certain data for our international properties as of December 31, 2017 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, Michael Kors, Polo Ralph Lauren, Tommy Hilfiger | |||||||
| 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, Michael Kors, Nike, Polo Ralph Lauren, Prada/Miu Miu, Salvatore Ferragamo, Tod's, United Arrows | |||||||
| 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, Dolce & Gabbana, Etro, Gap Outlet, Gucci, Harrod's, Loro Piana, Marc Jacobs, Nike, Polo Ralph Lauren, Prada/Miu Miu, Salvatore Ferragamo, Theory, Tod's, Tommy Hilfiger, United Arrows, 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, Polo, Ralph Lauren, TaylorMade, Theory, Tommy Hilfiger, United Arrows | |||||||
| 5. | Sano Premium Outlets | Sano (Tokyo) | Fee | 40.0 | % | 2003 | 390,800 | Adidas, Beams, Brooks Brothers, Coach, Dunhill, Eddie Bauer, Etro, Furla, Gap Outlet, Gucci, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Prada/Miu Miu | |||||||
| 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, PoloRalph Lauren, Tasaki, TaylorMade, United Arrows | |||||||
| 7. | Shisui Premium Outlets (2) | Shisui (Chiba), Japan | Ground Lease (2033) | 40.0 | % | 2013 | 365,900 | Banana Republic, Brooks Brothers, Citizen, Coach, Dunhill, Gap, Marmot, Michael Kors, Nike, Polo Ralph Lauren, 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, Polo Ralph Lauren, Puma, Timberland, Tommy Hilfiger, United Arrows | |||||||
| 9. | Tosu Premium Outlets | Fukuoka (Kyushu) | Fee | 40.0 | % | 2004 | 290,400 | Adidas, Armani, Banana Republic, Beams, Bose, Brooks Brothers, Coach, Dolce & Gabbana, Furla, Gap Outlet, Michael Kors, Miki House, Olive des Olive, Nike, Puma, Theory, Tommy Hilfiger, United Arrows | |||||||
| 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, Dolce & Gabbana, 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, 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, Bean Pole, Calvin Klein, Coach, 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, Bean Pole, Calvin Klein, Coach, Gap, Michael Kors, Nike, Polo Ralph Lauren, Theory, The North Face, Tommy Hilfiger | |||||||
| 14. | Siehung Premium Outlets | Siehung | Fee | 50.0 | % | 2017 | 444,400 | Adidas, Armani, Bean Pole, Calvin Klein, Coach, Lacoste, Michael Kors, Nike, Polo Ralph Lauren, The North Face | |||||||
| Subtotal South Korea | 1,799,100 | ||||||||||||||
| MALAYSIA | |||||||||||||||
| 15. | Johor Premium Outlets | Johor (Singapore) | Fee | 50.0 | % | 2011 | 264,400 | Adidas, Armani, Brooks Brothers, Calvin Klein, Coach, DKNY, Gap, Guess, Lacoste, Levi's, Michael Kors, Nike, Salvatore Ferragamo, Timberland, Tommy Hilfiger, Tory Burch, Zegna | |||||||
| 16. | Genting Highlands Premium Outlets | Kuala Lumpur | Fee | 50.0 | % | 2017 | 278,000 | Adidas, Brooks Brothers, Coach, Furla, Kate Spade New York, Lacoste, Michael Kors, Padini, Polo Ralph Lauren, Puma | |||||||
| Subtotal Malaysia | 542,400 | ||||||||||||||
| CANADA | |||||||||||||||
| 17. | Toronto Premium Outlets (2) | Toronto (Ontario) | Fee | 50.0 | % | 2013 | 358,400 | Adidas, Armani, Banana Republic, Burberry, Calvin Klein, Coach, Eddie Bauer, Gap, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Reebok, Saks Fifth Avenue, Tommy Hilfiger | |||||||
| 18. | Premium Outlets Montreal | Montreal (Quebec) | Fee | 50.0 | % | 2014 | 365,800 | Adidas, American Eagle Outfitters, Banana Republic, Calvin Klein, Gap, Gucci, H&M (3), Lacoste, Michael Kors, Nike, Old Navy, Polo Ralph Lauren, Reebok, Tommy Hilfiger | |||||||
| Subtotal Canada | 724,200 | ||||||||||||||
| TOTAL INTERNATIONAL PREMIUM OUTLETS | 6,631,700 |
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, Coach, Furla, Geox, Gucci, 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, Gucci, Lacoste, Liu 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, Furla, Gucci, Loro Piana, Michael Kors, Nike, Paul Smith, Pinko, Prada, Salvatore Ferragamo, Sergio Rossi,Tommy Hilfiger, Valentino, Versace, Zegna | |||||||
| Outlet Phases 1, 2, 3, & 4 | Phase 2 — 2010 | ||||||||||||||
| Phase 3 — 2012 | |||||||||||||||
| Phase 4a - 2016 | |||||||||||||||
| Subtotal Italy | 612,000 | ||||||||||||||
| NETHERLANDS | |||||||||||||||
| 4. | Roermond Designer Outlet Phases 2& 3 | Roermond | Fee | 90.0 | % | Phase 2 — 2005 | 173,000 | Armani, Bally, Burberry, Calvin Klein, Coach, Furla, Gucci, Michael Kors, Moncler, Mulberry, Polo Ralph Lauren, Prada, Swarovski, Tod's, Tommy Hilfiger, UGG, Zegna | |||||||
| Phase 3 — 2011 | |||||||||||||||
| 5. | Roermond Designer Outlet Phase 4 | Roermond | Fee | 46.1 | % | 2017 | 125,000 | Adidas, Karl Lagerfield, La Place, Liu Jo, Longchamp, Tag Heuer, Tom Tailor, Woolrich | |||||||
| 6. | Rosada Designer Outlet | Roosendaal | Fee | 94.0 | % | 2017 | 247,500 | Adidas, Calvin Klein, Esprit, Guess, Levi's, Nike, Puma, S. Oliver | |||||||
| Subtotal Netherlands | 545,500 | ||||||||||||||
| UNITED KINGDOM | |||||||||||||||
| 7. | Ashford Designer Outlet | Kent | Fee | 45.0 | % | 2000 | 183,000 | Adidas, Bose, Calvin Klein, Clarks, Fossil, French Connection, Gap, Guess, Lacoste, Levis, Marks & Spencer, Nike, Polo Ralph Lauren, Superdry, Tommy Hilfiger | |||||||
| Subtotal England | 183,000 | ||||||||||||||
| CANADA | |||||||||||||||
| 8. | Vancouver Designer Outlets | Vancouver | Ground Lease (2072) | 45.0 | % | 2015 | 242,000 | Armani, Banana Republic, Brooks Brothers Factory, Calvin Klein, Coach, Gap, J. Crew Factory, Kate Spade New York, Levi's, Michael Kors, Nike, Polo Ralph Lauren Factory, Tommy Hilfiger | |||||||
| Subtotal Canada | 242,000 | ||||||||||||||
| GERMANY | |||||||||||||||
| 9. | Ochtrup Designer Outlets | Ochtrup | Fee | 70.5 | % | 2016 | 191,500 | Adidas, Clarks, Lacoste, Levi's, Lindt, Nike, Pick Nick, Samsonite, Schiesser, Seidensticker, Steiff, Tom Tailor, Vero Moda, Watch Station | |||||||
| Subtotal Germany | 191,500 | ||||||||||||||
| FRANCE | |||||||||||||||
| 10. | Provence Designer Outlet | Miramas | Fee | 90.0 | % | 2017 | 269,000 | Furla, Guess, Levi's, Michael Kors, Nike, Polo Ralph Lauren, Puma, Tommy Hilfiger | |||||||
| Subtotal France | 269,000 | ||||||||||||||
| Total International Designer Outlets | 2,161,000 |
FOOTNOTES:
| (1) | All gross leasable area listed in square feet. |
|---|
| (2) | Property is undergoing an expansion. |
|---|
| (3) | Indicates tenant is under development/construction or has announced plans for development. |
|---|
Land
We have direct or indirect ownership interests in approximately 380 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 337 million kWhs since 2003. This represents a 34% 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 220,674 metric tons of CO2e. This figure includes emission streams that have been consistently tracked since 2003 including scope 1, scope 2, and for scope 3 only employee commuting and business travel. 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 2017, 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).
Mortgages and Unsecured Debt
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, 2017
(Dollars in thousands)
| Interest | Face | Annual Debt | Maturity | ||||||||||||
| Property Name | Rate | Amount | Service (1) | Date | |||||||||||
| Consolidated Indebtedness: | |||||||||||||||
| Secured Indebtedness: | |||||||||||||||
| Arizona Mills | 5.76 | % | $ | 156,146 | $ | 12,268 | 07/01/20 | ||||||||
| Bangor Mall | 6.15 | % | 80,000 | 4,918 | (2) | 10/01/17 | |||||||||
| Battlefield Mall | 3.95 | % | 119,862 | 7,118 | 09/01/22 | ||||||||||
| Birch Run Premium Outlets | 4.21 | % | 123,000 | 5,177 | (2) | 02/06/26 | |||||||||
| Calhoun Outlet Marketplace | 4.17 | % | 19,013 | (19) | 1,140 | 06/01/26 | |||||||||
| Carolina Premium Outlets | 3.36 | % | 45,317 | 2,675 | 12/01/22 | ||||||||||
| Domain, The | 5.44 | % | 188,529 | 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 | % | 30,713 | (19) | 1,841 | 06/01/26 | |||||||||
| Grand Prairie Premium Outlets | 3.66 | % | 116,331 | 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 | % | 269,506 | 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 | % | 130,744 | 9,746 | 06/01/21 | ||||||||||
| La Reggia Designer Outlets Phases 1 & 2 | 2.50 | % | (25) | 159,500 | (30) | 8,435 | 02/15/22 | ||||||||
| Lee Premium Outlets | 4.17 | % | 52,651 | (19) | 3,157 | 06/01/26 | |||||||||
| Merrimack Premium Outlets | 3.78 | % | 124,287 | 7,247 | 07/01/23 | ||||||||||
| Midland Park Mall | 4.35 | % | 77,172 | 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 | 1.67 | % | (11) | 131,718 | (30) | 2,201 | (2) | 06/30/20 | |||||||
| Opry Mills | 4.09 | % | 375,000 | 15,345 | (2) | 07/01/26 | |||||||||
| Oxford Valley Mall | 4.77 | % | 62,538 | 4,456 | 12/07/20 | ||||||||||
| Parndorf Designer Outlet | 1.90 | % | 110,212 | (30) | 2,094 | (2) | 05/25/22 | ||||||||
| Penn Square Mall | 3.84 | % | 310,000 | 11,910 | (2) | 01/01/26 | |||||||||
| Pismo Beach Premium Outlets | 3.33 | % | 36,104 | (20) | 1,953 | 09/06/26 | |||||||||
| Plaza Carolina | 2.66 | % | (1) | 225,000 | 5,995 | (2) | 07/27/21 | ||||||||
| Pleasant Prairie Premium Outlets | 4.00 | % | 145,000 | 5,793 | (2) | 09/01/27 | |||||||||
| Potomac Mills | 3.46 | % | 416,000 | 14,383 | (2) | 11/01/26 | |||||||||
| Provence Designer Outlet | 2.50 | % | (33) | 94,174 | (30) | 2,354 | (2) | 07/27/22 | (3) | ||||||
| Puerto Rico Premium Outlets | 2.66 | % | (1) | 160,000 | 4,263 | (2) | 07/26/21 | ||||||||
| Queenstown Premium Outlets | 3.33 | % | 63,426 | (20) | 3,430 | 09/06/26 | |||||||||
| Roermond Designer Outlet | 1.88 | % | 275,529 | (30) | 5,174 | (2) | 12/18/21 | ||||||||
| Rosada Designer Outlets | 1.85 | % | (24) | 71,877 | (30) | 1,330 | (2) | 05/25/24 | (3) | ||||||
| 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 | % | 147,532 | 8,713 | 04/01/23 | ||||||||||
| Southridge Mall | 3.85 | % | 119,381 | 7,036 | 06/06/23 | ||||||||||
| Summit Mall | 3.31 | % | 85,000 | 2,817 | (2) | 10/01/26 | |||||||||
| The Crossings Premium Outlets | 3.41 | % | 110,565 | 6,131 | 12/01/22 | ||||||||||
| Town Center at Cobb | 4.76 | % | 188,806 | 12,530 | 05/01/22 | ||||||||||
| University Park Village | 3.85 | % | 55,000 | 2,118 | (2) | 05/01/28 | |||||||||
| White Oaks Mall | 4.31 | % | (28) | 50,500 | 1,000 | 06/01/23 | (3) | ||||||||
| Williamsburg Premium Outlets | 4.23 | % | 185,000 | 7,824 | (2) | 02/06/26 | |||||||||
| Wolfchase Galleria | 4.15 | % | 162,022 | 9,620 | 11/01/26 | ||||||||||
| Woodland Hills Mall | 7.79 | % | 87,403 | 8,414 | 04/05/19 | ||||||||||
| Total Consolidated Secured Indebtedness | $ | 6,912,558 | |||||||||||||
| Unsecured Indebtedness: | |||||||||||||||
| Simon Property Group, L.P. | |||||||||||||||
| Global Commercial Paper - USD | 1.40 | % | (16) | $ | 978,467 | $ | 13,714 | (2) | 03/15/18 | ||||||
| Supplemental Credit Facility - USD | 2.36 | % | (15) | 125,000 | 2,950 | (2) | 06/30/20 | (3)(37) | |||||||
| Supplemental Credit Facility - Yen Currency | 0.80 | % | (15) | 197,636 | (23) | 1,581 | (2) | 06/30/20 | (3)(37) | ||||||
| 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 - 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 | (34) |
Mortgage and Unsecured Debt
As of December 31, 2017
(Dollars in thousands)
| Interest | Face | Annual Debt | Maturity | ||||||||||||
| Property Name | Rate | Amount | Service (1) | Date | |||||||||||
| Consolidated Indebtedness: | |||||||||||||||
| 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 - 32A | 2.63 | % | 600,000 | 15,750 | (14) | 06/15/22 | |||||||||
| Unsecured Notes - 32B | 3.38 | % | 750,000 | 25,313 | (14) | 06/15/27 | |||||||||
| Unsecured Notes - 33A | 2.75 | % | 600,000 | 16,500 | (14) | 06/01/23 | |||||||||
| Unsecured Notes - 33B | 3.38 | % | 750,000 | 25,313 | (14) | 12/01/27 | |||||||||
| Unsecured Notes - Euro 1 | 2.38 | % | 898,464 | (8) | 21,339 | (6) | 10/02/20 | ||||||||
| Unsecured Notes - Euro 2 | 1.38 | % | 898,464 | (13) | 12,354 | (6) | 11/18/22 | ||||||||
| Unsecured Notes - Euro 3 | 1.25 | % | 598,976 | (10) | 7,487 | (6) | 05/13/25 | ||||||||
| Total Consolidated Unsecured Indebtedness | $ | 17,797,007 | |||||||||||||
| Total Consolidated Indebtedness at Face Amounts | $ | 24,709,565 | |||||||||||||
| Premium on Indebtedness | 16,869 | ||||||||||||||
| Discount on Indebtedness | (51,657) | ||||||||||||||
| Debt Issuance Costs on Fixed-Rate Indebtedness | (110,734) | ||||||||||||||
| Other Debt Obligations | 68,420 | (35) | |||||||||||||
| Total Consolidated Indebtedness | $ | 24,632,463 | |||||||||||||
| Our Share of Consolidated Indebtedness | $ | 24,465,117 | |||||||||||||
| Joint Venture Indebtedness: | |||||||||||||||
| Secured Indebtedness: | |||||||||||||||
| Ami Premium Outlets | 1.77 | % | $ | 54,967 | (26) | $ | 8,580 | 09/25/23 | |||||||
| Ashford Designer Outlet | 2.47 | % | (18) | 56,522 | (21) | 1,397 | (2) | 02/22/22 | |||||||
| Arundel Mills | 4.29 | % | 385,000 | 16,509 | (2) | 02/06/24 | |||||||||
| Auburn Mall | 6.02 | % | 37,785 | 3,027 | 09/01/20 | ||||||||||
| Aventura Mall | 3.75 | % | 1,200,000 | 45,002 | (2) | 12/01/20 | |||||||||
| Aventura Mall Expansion | 3.51 | % | (1) | 167,373 | 5,882 | (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 | 3.40 | % | 106,344 | (17) | 3,611 | (2) | 06/20/22 | ||||||||
| Cape Cod Mall | 5.75 | % | 90,392 | 7,003 | 03/06/21 | ||||||||||
| Charlotte Premium Outlets | 3.01 | % | (1) | 90,000 | 2,713 | (2) | 11/24/19 | (3) | |||||||
| Circle Centre | 4.31 | % | (1) | 66,000 | 3,558 | 12/06/24 | (3) | ||||||||
| Clarksburg Premium Outlets | 3.95 | % | 160,000 | 6,320 | (2) | 01/01/28 | |||||||||
| Coconut Point | 3.95 | % | 190,000 | 7,511 | (2) | 10/01/26 | |||||||||
| Colorado Mills - 1 | 4.28 | % | 135,814 | 5,718 | 11/01/24 | ||||||||||
| Colorado Mills - 2 | 5.04 | % | 26,552 | 1,811 | 07/01/21 | ||||||||||
| Concord Mills | 3.84 | % | 235,000 | 9,015 | (2) | 11/01/22 | |||||||||
| Crystal Mall | 4.46 | % | 89,519 | 5,749 | 06/06/22 | ||||||||||
| Dadeland Mall | 4.50 | % | 418,899 | 27,361 | 12/05/21 | ||||||||||
| Del Amo Fashion Center | 3.66 | % | 585,000 | 21,396 | (2) | 06/01/27 | |||||||||
| Domain Westin | 4.12 | % | 67,318 | 4,069 | 09/01/25 | ||||||||||
| Dover Mall | 5.57 | % | 85,342 | 6,455 | 08/06/21 | ||||||||||
| Emerald Square Mall | 4.71 | % | 104,877 | 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 | % | 441,098 | 28,208 | 01/04/21 | ||||||||||
| Florida Mall, The | 5.25 | % | 329,579 | 24,849 | 09/05/20 | ||||||||||
| Galleria, The | 3.55 | % | 1,200,000 | 42,598 | (2) | 03/01/25 | |||||||||
| Genting Highland Premium Outlets | 5.37 | % | (7) | 25,234 | (9) | 1,355 | (2) | 02/14/24 | |||||||
| Gloucester Premium Outlets | 2.96 | % | (1) | 83,921 | 2,488 | (2) | 06/19/19 | (3) | |||||||
| Grapevine Mills | 3.83 | % | 268,000 | 10,272 | (2) | 10/01/24 | |||||||||
| Gotemba Premium Outlets | 0.37 | % | (12) | 2,329 | (26) | 4,669 | 02/28/18 | ||||||||
| Hamilton Town Center | 4.81 | % | 80,613 | 5,293 | 04/01/22 |
Mortgage and Unsecured Debt
As of December 31, 2017
(Dollars in thousands)
| Interest | Face | Annual Debt | Maturity | ||||||||||||
| Property Name | Rate | Amount | Service (1) | Date | |||||||||||
| Consolidated Indebtedness: | |||||||||||||||
| Johor Premium Outlets | 5.02 | % | (7) | $ | 5,370 | (9) | $ | 6,894 | 10/14/20 | ||||||
| Katy Mills | 3.49 | % | 140,000 | 4,886 | (2) | 12/06/22 | |||||||||
| Kobe-Sanda Premium Outlets | 0.44 | % | (12) | 30,305 | (26) | 1,733 | 01/31/20 | ||||||||
| Lehigh Valley Mall | 4.06 | % | 199,451 | 12,325 | 11/01/27 | ||||||||||
| Liberty Tree Mall | 3.41 | % | 31,762 | 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 | % | 121,317 | 6,789 | 05/01/23 | ||||||||||
| Mall of New Hampshire, The | 4.11 | % | 150,000 | 6,162 | (2) | 07/01/25 | |||||||||
| Meadowood Mall | 5.82 | % | 114,492 | 8,818 | 11/06/21 | ||||||||||
| Miami International Mall | 4.42 | % | 160,000 | 7,072 | (2) | 02/06/24 | |||||||||
| Northshore Mall | 3.30 | % | 249,469 | 14,453 | 07/05/23 | ||||||||||
| Ochtrup Designer Outlet | 2.49 | % | (27) | 49,320 | (30) | 2,881 | 06/30/21 | ||||||||
| Ontario Mills | 4.25 | % | 312,385 | 20,661 | 03/05/22 | ||||||||||
| Outlets at Orange, The | 4.22 | % | 215,000 | 9,067 | (2) | 04/01/24 | |||||||||
| Paju Premium Outlets | 3.79 | % | 76,268 | (17) | 2,892 | (2) | 03/27/20 | ||||||||
| Phipps Plaza Residential | 3.31 | % | (1) | 38,274 | 1,268 | (2) | 10/16/19 | (3) | |||||||
| Phipps Plaza Hotel | 3.56 | % | (1) | 21,450 | 765 | (2) | 12/17/19 | (3) | |||||||
| Premium Outlet Collection Edmonton IA | 2.74 | % | (4) | 54,298 | (22) | 1,488 | (2) | 11/10/21 | (3) | ||||||
| Premium Outlets Montréal | 3.10 | % | 95,602 | (5) | 2,964 | (2) | 06/01/24 | ||||||||
| Quaker Bridge Mall | 4.50 | % | 180,000 | 8,100 | (2) | 05/01/26 | |||||||||
| Rinku Premium Outlets | 0.32 | % | (12) | 8,877 | (26) | 1,803 | (2) | 07/31/22 | |||||||
| Roermond 4 Designer Outlets | 1.40 | % | (36) | 56,304 | (30) | 788 | (2) | 07/12/20 | |||||||
| Sano Premium Outlets | 0.45 | % | (12) | 755 | (26) | 1,512 | 05/31/18 | ||||||||
| Sendai-Izumi Premium Outlets | 0.41 | % | (12) | 3,374 | (26) | 3,387 | 10/31/18 | ||||||||
| Shisui Premium Outlets - Variable | 0.37 | % | (12) | 27,340 | (26) | 5,071 | 05/31/18 | ||||||||
| Shisui Premium Outlets - Fixed | 0.38 | % | 44,383 | (26) | 169 | (2) | 05/29/22 | ||||||||
| Shops at Clearfork | 3.31 | % | (1) | 130,420 | 4,322 | (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 | % | 140,543 | (17) | 4,610 | (2) | 03/15/23 | ||||||||
| Silver Sands Premium Outlets | 3.93 | % | 100,000 | 3,930 | (2) | 06/01/22 | |||||||||
| Smith Haven Mall | 2.76 | % | (1) | 180,000 | 4,976 | (2) | 05/29/20 | (3) | |||||||
| Solomon Pond Mall | 4.01 | % | 99,650 | 6,309 | 11/01/22 | ||||||||||
| Southdale Residential | 4.46 | % | 40,285 | 2,530 | 10/15/35 | ||||||||||
| Springfield Mall | 4.45 | % | 62,746 | 3,928 | 10/06/25 | ||||||||||
| Square One Mall | 5.47 | % | 91,333 | 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 | 3.21 | % | (1) | 85,000 | 2,732 | (2) | 11/28/21 | (3) | |||||||
| Tanger Outlets - Galveston/Houston | 3.21 | % | (1) | 80,000 | 2,571 | (2) | 07/01/22 | (3) | |||||||
| Toki Premium Outlets - Fixed | 0.38 | % | 26,630 | (26) | 100 | (2) | 11/30/19 | ||||||||
| Toki Premium Outlets - Variable | 0.91 | % | (12) | 5,523 | (26) | 50 | (2) | 05/31/20 | |||||||
| Toronto Premium Outlets | 3.13 | % | 135,436 | (5) | 4,234 | (2) | 06/01/22 | ||||||||
| Toronto Premium Outlets II | 2.64 | % | (4) | 48,438 | (22) | 1,279 | (2) | 05/25/22 | (3) | ||||||
| Tosu Premium Outlets | 0.40 | % | (12) | 14,469 | (26) | 2,099 | (2) | 07/31/21 | |||||||
| Twin Cities Premium Outlets | 4.32 | % | 115,000 | 4,968 | (2) | 11/06/24 | |||||||||
| Vancouver Designer Outlet | 3.29 | % | (4) | 87,050 | (32) | 2,865 | (2) | 06/19/18 | |||||||
| West Town Mall | 4.37 | % | 210,000 | 9,177 | (2) | 07/01/22 | |||||||||
| Westchester, The | 6.00 | % | 332,111 | 26,980 | 05/05/20 | ||||||||||
| Woodfield Mall | 4.50 | % | 419,886 | 24,162 | (2) | 03/05/24 | |||||||||
| Yeoju Premium Outlets | 4.10 | % | 78,801 | (17) | 3,233 | (2) | 09/06/20 | ||||||||
| Total Joint Venture Secured Indebtedness at Face Value | $ | 14,409,595 | |||||||||||||
| TMLP Indebtedness at Face Value | 427,895 | (29) | |||||||||||||
| Total Joint Venture and TMLP Indebtedness at Face Value | $ | 14,837,490 | |||||||||||||
| Premium on Indebtedness | 2,781 | ||||||||||||||
| Debt Issuance Costs | (55,961) | ||||||||||||||
| Total Joint Venture Indebtedness | $ | 14,784,310 | |||||||||||||
| Our Share of Joint Venture Indebtedness | $ | 7,011,525 | (31) | ||||||||||||
Mortgage and Unsecured Debt
As of December 31, 2017
(Dollars in thousands)
| (1) | Variable rate loans based on one month (1M) LIBOR plus interest rate spreads ranging from 80 bps to 275 bps. 1M LIBOR as of December 31, 2017 was 1.56%. |
|---|
| (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 120 bps to 185 bps. 1M CDOR at December 31, 2017 was 1.44%. |
|---|
| (5) | Amount shown in USD equivalent. CAD Equivalent is 290.0 million. |
|---|
| (6) | Requires annual payment of interest only. |
|---|
| (7) | Variable rate loans based on Cost of Fund plus interest rate spread of 150 bps to 175 bps. Cost of Fund as of December 31, 2017 was 3.52%. |
|---|
| (8) | Amount shown in USD equivalent. Euro equivalent is 750.0 million. |
|---|
| (9) | Amount shown in USD equivalent. Ringgit equivalent is 124.4 million. |
|---|
| (10) | Amount shown in USD equivalent. Euro equivalent is 500.0 million. |
|---|
| (11) | Variable rate loan based on three month (3M) EURIBOR plus an interest rate spread of 200 bps. 3M EURIBOR at December 31, 2017 was -0.33%. In addition, 3M EURIBOR is capped at 1.00%. |
|---|
| (12) | Variable rate loans based on 1M TIBOR or six month (6M) TIBOR plus interest rate spreads ranging from 20 bps to 40 bps. As of December 31, 2017, 1M TIBOR and 6M TIBOR were 0.05% and 0.12%, respectively. |
|---|
| (13) | Amount shown in USD equivalent. Euro equivalent is 750.0 million. |
|---|
| (14) | Requires semi‑annual payments of interest only. |
|---|
| (15) | $3.5 Billion Supplemental Credit Facility. As of December 31, 2017, 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. The Credit Facilities provide for different pricing based upon our investment grade rating. As of December 31, 2017, $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, 2017. |
|---|
| (17) | Amount shown in USD equivalent. Won equivalent is 429.0 billion. |
|---|
| (18) | Variable rate loan based on 3M GBP LIBOR plus an interest rate spread of 195 bps. 1M GBP LIBOR at December 31, 2017 was 0.52%. |
|---|
| (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. |
|---|
| (21) | Amount shown in USD equivalent. GBP equivalent is 41.9 million. |
|---|
| (22) | Amounts shown in USD equivalent. CAD equivalent is 129.0 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 EURIBOR plus an interest rate spread of 185 bps. Through an interest rate floor agreement, 1M EURIBOR is currently fixed at 0.00%. |
|---|
| (25) | 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%. |
|---|
| (26) | Amount shown in USD equivalent. Yen equivalent is 24.7 billion. |
|---|
| (27) | 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. |
|---|
Mortgage and Unsecured Debt
As of December 31, 2017
(Dollars in thousands)
| (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 791.9 million. |
|---|
| (31) | Our share of total indebtedness includes a pro rata share of the mortgage debt on joint venture properties. To the extent total indebtedness is secured by a property, it is non‑recourse to us, with the exception of approximately $211.6 million of payment guarantees provided by the Operating Partnership (of which $10.8 million is recoverable from our venture partner under the partnership agreement). |
|---|
| (32) | Amounts shown in USD equivalent. CAD equivalent is 109.3 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) | Notes redeemed at par on January 3, 2018. |
|---|
| (35) | City of Sunrise Bond Liability (Sawgrass Mills). |
|---|
| (36) | Variable rate loan based on 3M EURIBOR plus an interest rate spread of 140 bps. Through an interest rate floor agreement, 3M EURIBOR is fixed at 0.00%. |
|---|
| (37) | As discussed in Note 8 of the consolidated financial statements, the Operating Partnership amended and extended the Supplemental Credit Facility on February 15, 2018. |
|---|
The changes in consolidated mortgages and unsecured indebtedness for the years ended December 31, 2017, 2016 and 2015 are as follows:
| 2017 | 2016 | 2015 | ||||||||
| Balance, Beginning of Year | $ | 22,977,104 | $ | 22,416,682 | $ | 20,768,254 | ||||
| Additions during period: | ||||||||||
| New Loan Originations | 12,148,534 | 14,760,261 | 6,095,011 | |||||||
| Loans assumed in acquisitions and consolidation | 42,266 | 448,559 | 405,000 | |||||||
| Net (Discount)/Premium | (11,636) | (9,822) | 6,980 | |||||||
| Net Debt Issuance Costs | (34,606) | (34,048) | (10,908) | |||||||
| Deductions during period: | ||||||||||
| Loan Retirements | (10,466,033) | (14,549,425) | (4,750,606) | |||||||
| Amortization of Net Discounts/(Premiums) | 1,357 | (14,583) | (16,107) | |||||||
| Debt Issuance Cost Amortization | 21,709 | 21,702 | 10,156 | |||||||
| Scheduled Principal Amortization | (46,232) | (62,222) | (91,098) | |||||||
| Balance, Close of Year | $ | 24,632,463 | $ | 22,977,104 | $ | 22,416,682 |
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