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 181.2 million square feet of gross leasable area, or GLA.

Malls typically contain at least one 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 106 malls are generally enclosed centers and range in size from approximately 260,000 to 2.7 million square feet of GLA.

Premium Outlets generally contain a wide variety of designer and manufacturer stores located in open-air centers. Our 69 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 11 other retail properties. The lifestyle centers range in size from 170,000 to 930,000 square feet of GLA. The other retail properties range in size from approximately 160,000 to 850,000 square feet of GLA and are considered non-core to our business model.

As of December 31, 2019, approximately 95.1% of the owned GLA in malls and Premium Outlets was leased and approximately 97.0% of the owned GLA for The Mills was leased.

We wholly own 133 of our properties, effectively control 12 properties in which we have a joint venture interest, and hold the remaining 59 properties through unconsolidated joint venture interests. We are the managing or co-managing general partner or member of 200 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.

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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, 2019.

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	Ownership Interest	​	​	​	Year Built	​	​	​	​	​	​
​	​	​	​	​	​	​	(Expiration if	​	Legal	​	or	​	​	​	​	​	​
​	Property Name		State		City (CBSA)		Lease) (3)		Ownership		Acquired		Occupancy (5)		Total GLA		Selected Larger Retailers and Uses
​	Malls	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
1.	Apple Blossom Mall		VA		Winchester		Fee		49.1	% (4)	Acquired 1999		87.6	%	473,990		Belk, JCPenney, Sears (13), AMC Cinemas
2.	Auburn Mall		MA		Auburn		Fee		56.4	% (4)	Acquired 1999		97.0	%	584,602		Macy's, Sears (13), Reliant Medical Group
3.	Aventura Mall (1)		FL		Miami Beach (Miami)		Fee		33.3	% (4)	Built 1983		94.4	%	2,127,254		Bloomingdale's, Macy's (8), JCPenney, Nordstrom, Equinox Fitness Clubs, AMC Theatres
4.	Barton Creek Square		TX		Austin		Fee		100.0	%	Built 1981		98.2	%	1,452,408		Nordstrom, Macy's, Dillard's (8), JCPenney, AMC Theatre
5.	Battlefield Mall		MO		Springfield		Fee and Ground Lease (2056)		100.0	%	Built 1970		91.5	%	1,201,828		Macy's, Dillard's (8), JCPenney, Sears
6.	Bay Park Square		WI		Green Bay		Fee		100.0	%	Built 1980		96.0	%	680,542		Kohl's, Marcus Cinema 16, Dave & Buster's (6)
7.	Brea Mall		CA		Brea (Los Angeles)		Fee		100.0	%	Acquired 1998		93.5	%	1,319,214		Nordstrom, Macy's (8), JCPenney, LifeTime (6), (6)
8.	Briarwood Mall		MI		Ann Arbor		Fee		50.0	% (4)	Acquired 2007		98.9	%	977,987		Macy's, JCPenney, Von Maur, Hilton Garden Inn (15), Towne Place Suites by Marriott (15)
9.	Brickell City Centre		FL		Miami		Fee		25.0	% (4)	Built 2016		85.6	%	476,251		Saks Fifth Avenue, Cinemex, EAST Miami Hotel (15), La Centrale
10.	Broadway Square		TX		Tyler		Fee		100.0	%	Acquired 1994		98.8	%	604,870		Dillard's, JCPenney, Dick's Sporting Goods (6), HomeGoods (6), Party City (6)
11.	Burlington Mall		MA		Burlington (Boston)		Fee and Ground Lease (2026) (7)		100.0	%	Acquired 1998		96.0	%	1,138,385		Macy's, Lord & Taylor, Nordstrom, Crate & Barrel, Primark, Arhaus Furniture
12.	Cape Cod Mall		MA		Hyannis		Fee and Ground Leases (2029-2073) (7)		56.4	% (4)	Acquired 1999		92.6	%	707,681		Macy's (8), Best Buy, Marshalls, Barnes & Noble, Regal Cinema, Target, Dick's Sporting Goods (6), Planet Fitness
13.	Castleton Square		IN		Indianapolis		Fee		100.0	%	Built 1972		95.6	%	1,384,718		Macy's, Von Maur, JCPenney, Dick's Sporting Goods, AMC Theatres
14.	Cielo Vista Mall		TX		El Paso		Fee and Ground Lease (2027) (7)		100.0	%	Built 1974		99.2	%	1,244,344		Macy's, Dillard's (8), JCPenney, Sears, Cinemark Theatres
15.	Coconut Point		FL		Estero		Fee		50.0	% (4)	Built 2006		87.5	%	1,204,901		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, JoAnn Fabrics, Hyatt Place Coconut Point (15), TownePlace Suites by Marriott (15)
16.	College Mall		IN		Bloomington		Fee and Ground Lease (2048) (7)		100.0	%	Built 1965		85.5	%	609,768		Macy's, Target, Dick's Sporting Goods, Bed Bath & Beyond, Ulta, Fresh Thyme
17.	Columbia Center		WA		Kennewick		Fee		100.0	%	Acquired 1987		91.1	%	806,481		Macy's (8), JCPenney, Barnes & Noble, DSW, Home Goods, Dick's Sporting Goods
18.	Copley Place		MA		Boston		Fee		94.4	% (11)	Acquired 2002		96.2	%	1,264,047		Neiman Marcus, Barneys New York (13), Boston Marriott Copley Place (15), The Westin Copley Place (15)
19.	Coral Square		FL		Coral Springs (Miami)		Fee		97.2	%	Built 1984		92.9	%	943,940		Macy's (8), JCPenney, Sears, Kohl's
20.	Cordova Mall		FL		Pensacola		Fee		100.0	%	Acquired 1998		96.4	%	927,148		Dillard's, Belk, Best Buy, Bed Bath & Beyond, Cost Plus World Market, Ross, Dick's Sporting Goods
21.	Crystal Mall		CT		Waterford		Fee		78.2	% (4)	Acquired 1998		83.4	%	782,704		Macy's, JCPenney, Bed Bath & Beyond, Christmas Tree Shops
22.	Dadeland Mall		FL		Miami		Fee		50.0	% (4)	Acquired 1997		98.6	%	1,488,746		Saks Fifth Avenue, Nordstrom, Macy's (8), JCPenney, AC Hotel by Marriott (6)
23.	Del Amo Fashion Center		CA		Torrance (Los Angeles)		Fee		50.0	% (4)	Acquired 2007		89.2	%	2,518,899		Nordstrom, Macy's (8), JCPenney, Sears, Marshalls, Barnes & Noble, JoAnn Fabrics, AMC Theatres, Dick's Sporting Goods, Dave & Buster's, Mitsuwa Marketplace (6)
24.	Domain, The		TX		Austin		Fee		100.0	%	Built 2006		93.5	%	1,236,238		Neiman Marcus, Macy's, Dillard's, Dick's Sporting Goods, iPic Theaters, Arhaus Furniture, Punch Bowl Social, Westin Austin at The Domain, (16)
25.	Dover Mall		DE		Dover		Fee and Ground Lease (2041) (7)		68.1	% (4)	Acquired 2007		89.0	%	927,245		Macy's, JCPenney, Boscov's, AMC Cinemas, Dick's Sporting Goods
26.	Emerald Square		MA		North Attleboro (Providence, RI)		Fee		56.4	% (4)	Acquired 1999		84.6	%	1,022,293		Macy's (8), JCPenney, Sears
27.	Empire Mall		SD		Sioux Falls		Fee and Ground Lease (2033) (7)		100.0	%	Acquired 1998		94.6	%	1,124,707		Macy's, JCPenney, Gordmans, Hy-Vee, Dick's Sporting Goods
28.	Falls, The		FL		Miami		Fee		50.0	% (4)	Acquired 2007		98.4	%	831,327		Bloomingdale's (13), Macy's, Regal Cinema, The Fresh Market

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		Selected Larger Retailers and Uses
29.	Fashion Centre at Pentagon City, The		VA		Arlington (Washington, DC)		Fee		42.5	% (4)	Built 1989		96.9	%	1,037,258		Nordstrom, Macy's, The Ritz-Carlton (15)
30.	Fashion Mall at Keystone, The		IN		Indianapolis		Fee and Ground Lease (2067) (7)		100.0	%	Acquired 1997		96.1	%	716,548		Saks Fifth Avenue, Crate & Barrel, Nordstrom, Keystone Art Cinema
31.	Fashion Valley		CA		San Diego		Fee		50.0	% (4)	Acquired 2001		96.9	%	1,724,929		Neiman Marcus, Bloomingdale's, Nordstrom, Macy's, JCPenney, AMC Theatres, Forever 21
32.	Firewheel Town Center		TX		Garland (Dallas)		Fee		100.0	%	Built 2005		94.0	%	995,914		Dillard's, Macy's, Barnes & Noble, DSW, Cost Plus World Market (13), AMC Theatres, Dick's Sporting Goods, Fairfield Inn by Marriott (14), (16)
33.	Florida Mall, The		FL		Orlando		Fee		50.0	% (4)	Built 1986		96.3	%	1,725,988		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 (15)
34.	Forum Shops at Caesars Palace, The		NV		Las Vegas		Ground Lease (2050)		100.0	%	Built 1992		98.2	%	667,468		Caesars Palace Las Vegas Hotel and Casino (15)
35.	Galleria, The		TX		Houston		Fee		50.4	% (4)	Acquired 2002		93.7	%	2,017,207		Saks Fifth Avenue, Neiman Marcus, Nordstrom, Macy's, The Westin Galleria (15), The Westin Oaks (15), Life Time Tennis
36.	Greenwood Park Mall		IN		Greenwood (Indianapolis)		Fee		100.0	%	Acquired 1979		97.5	%	1,288,862		Macy's, Von Maur, JCPenney, Dick's Sporting Goods, Barnes & Noble, Regal Cinema, Dave & Buster's (6)
37.	Haywood Mall		SC		Greenville		Fee and Ground Lease (2067) (7)		100.0	%	Acquired 1998		97.9	%	1,237,536		Macy's, Dillard's, JCPenney, Sears, Belk
38.	Ingram Park Mall		TX		San Antonio		Fee		100.0	%	Built 1979		91.6	%	1,125,086		Dillard's, Macy's, JCPenney
39.	King of Prussia		PA		King of Prussia (Philadelphia)		Fee		100.0	%	Acquired 2003		96.6	%	2,669,573		Neiman Marcus, Bloomingdale's, Nordstrom, Lord & Taylor, Macy's, Arhaus Furniture, Dick's Sporting Goods, Primark
40.	La Plaza Mall		TX		McAllen		Fee and Ground Lease (2040) (7)		100.0	%	Built 1976		96.4	%	1,313,115		Macy's (8), Dillard's, JCPenney, CUT! by Cinemark (6)
41.	Lakeline Mall		TX		Cedar Park (Austin)		Fee		100.0	%	Built 1995		95.2	%	1,099,657		Dillard's (8), Macy's, JCPenney, AMC Theatres
42.	Lehigh Valley Mall		PA		Whitehall		Fee		50.0	% (4)	Acquired 2003		97.2	%	1,190,538		Macy's, JCPenney, Boscov's, Barnes & Noble, Michael's (6), Dave & Buster's (6)
43.	Lenox Square		GA		Atlanta		Fee		100.0	%	Acquired 1998		96.5	%	1,557,079		Neiman Marcus, Bloomingdale's, Macy's, JW Marriott (15)
44.	Livingston Mall		NJ		Livingston (New York)		Fee		100.0	%	Acquired 1998		90.4	%	968,882		Macy's, Lord & Taylor, Sears, Barnes & Noble
45.	Mall at Rockingham Park, The		NH		Salem (Boston)		Fee		28.2	% (4)	Acquired 1999		98.9	%	1,064,875		JCPenney, Macy's, Lord & Taylor, Dick's Sporting Goods, Cinemark Theatre
46.	Mall at Tuttle Crossing, The		OH		Dublin (Columbus)		Fee		50.0	% (4)	Acquired 2007		91.6	%	1,119,920		Macy's, JCPenney, Scene 75
47.	Mall of Georgia		GA		Buford (Atlanta)		Fee		100.0	%	Built 1999		96.1	%	1,853,663		Dillard's, Macy's, JCPenney, Belk, Dick's Sporting Goods, Barnes & Noble, Havertys Furniture, Regal Cinema, Von Maur
48.	Mall of New Hampshire, The		NH		Manchester		Fee and Ground Lease (2024-2027) (7)		56.4	% (4)	Acquired 1999		97.3	%	804,828		Macy's, JCPenney, Best Buy, Dick's Sporting Goods, Dave & Buster's (6)
49.	McCain Mall		AR		N. Little Rock		Fee		100.0	%	Built 1973		94.1	%	793,612		Dillard's, JCPenney, Sears (13), Regal Cinema
50.	Meadowood Mall		NV		Reno		Fee		50.0	% (4)	Acquired 2007		96.5	%	928,924		Macy's (8), JCPenney, Dick's Sporting Goods, Crunch Fitness, Round 1
51.	Menlo Park Mall		NJ		Edison (New York)		Fee		100.0	%	Acquired 1997		94.6	%	1,331,788		Nordstrom, Macy's, Barnes & Noble, AMC Dine-In Theatre
52.	Miami International Mall		FL		Miami		Fee		47.8	% (4)	Built 1982		97.6	%	1,083,592		Macy's (8), JCPenney, Kohl's
53.	Midland Park Mall		TX		Midland		Fee		100.0	%	Built 1980		99.6	%	643,702		Dillard's (8), JCPenney, Bealls (13), Ross, Dick's Sporting Goods (6)
54.	Miller Hill Mall		MN		Duluth		Fee		100.0	%	Built 1973		97.6	%	831,453		JCPenney, Barnes & Noble, DSW, Dick's Sporting Goods, Essentia Health
55.	Montgomery Mall		PA		North Wales (Philadelphia)		Fee		79.4	%	Acquired 2003		80.7	%	1,101,907		Macy's, JCPenney, Sears (13), Dick's Sporting Goods, Wegmans
56.	North East Mall		TX		Hurst (Dallas)		Fee		100.0	%	Built 1971		97.2	%	1,667,775		Nordstrom (13), Dillard's, Macy's, JCPenney, Dick's Sporting Goods, Rave Theatre
57.	Northgate		WA		Seattle		Fee		100.0	%	Acquired 1987		—	(17)	1,045,724	(17)	Barnes & Noble, Bed Bath & Beyond, DSW, Nordstrom Rack, NHL Seattle (6)

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties

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​	​	​	​	​	​	​	Ownership Interest	​	​	​	Year Built	​	​	​	​	​	​
​	​	​	​	​	​	​	(Expiration if	​	Legal	​	or	​	​	​	​	​	​
​	Property Name		State		City (CBSA)		Lease) (3)		Ownership		Acquired		Occupancy (5)		Total GLA		Selected Larger Retailers and Uses
58.	Northshore Mall		MA		Peabody (Boston)		Fee		56.4	% (4)	Acquired 1999		92.1	%	1,503,800		JCPenney, Nordstrom, Macy's (8), Barnes & Noble, Shaw's Grocery, The Container Store, Tesla Sales and Service (6), Life Time Athletic (6)
59.	Ocean County Mall		NJ		Toms River (New York)		Fee		100.0	%	Acquired 1998		94.9	%	859,498		Macy's, Boscov's, JCPenney, LA Fitness (6), HomeSense (6), Ulta (6)
60.	Orland Square		IL		Orland Park (Chicago)		Fee		100.0	%	Acquired 1997		98.2	%	1,229,928		Macy's, JCPenney, Dave & Buster's, AMC Theatre (6), Von Maur
61.	Oxford Valley Mall		PA		Langhorne (Philadelphia)		Fee		85.5	%	Acquired 2003		93.2	%	1,338,633		Macy's, JCPenney, United Artists Theatre
62.	Penn Square Mall		OK		Oklahoma City		Ground Lease (2060)		94.5	%	Acquired 2002		99.0	%	1,083,753		Macy's, Dillard's (8), JCPenney, AMC Theatres, The Container Store
63.	Pheasant Lane Mall		NH		Nashua		-		—	% (12)	Acquired 2002		98.8	%	979,555		JCPenney, Sears (13), Target, Macy's, Dick's Sporting Goods
64.	Phipps Plaza		GA		Atlanta		Fee		100.0	%	Acquired 1998		97.1	%	788,410		Saks Fifth Avenue, Nordstrom, AMC Theatres, Arhaus Furniture, Legoland Discovery Center, AC Hotel by Marriott, Life Time Athletic (6), Life Time Work (6), Pinstripes (6), Nobu Hotel and Restaurant (6), (16)
65.	Plaza Carolina		PR		Carolina (San Juan)		Fee		100.0	%	Acquired 2004		84.3	%	1,158,376		JCPenney, Sears, Tiendas Capri, Econo, Best Buy (13), T.J. Maxx, Caribbean Cinemas
66.	Prien Lake Mall		LA		Lake Charles		Fee and Ground Lease (2040) (7)		100.0	%	Built 1972		94.4	%	842,677		Dillard's, JCPenney, Cinemark Theatres, Kohl's, Dick's Sporting Goods, T.J. Maxx/HomeGoods
67.	Quaker Bridge Mall		NJ		Lawrenceville		Fee		50.0	% (4)	Acquired 2003		96.2	%	1,081,265		Macy's, Lord & Taylor, JCPenney
68.	Rockaway Townsquare		NJ		Rockaway (New York)		Fee		100.0	%	Acquired 1998		92.8	%	1,246,417		Macy's, Lord & Taylor, JCPenney, Sears, Raymour & Flanigan
69.	Roosevelt Field		NY		Garden City (New York)		Fee and Ground Lease (2090) (7)		100.0	%	Acquired 1998		96.8	%	2,345,983		Bloomingdale's, Nordstrom, Macy's, JCPenney, Dick's Sporting Goods, AMC Entertainment, XSport Fitness, Neiman Marcus, Residence Inn by Marriott (6)
70.	Ross Park Mall		PA		Pittsburgh		Fee		100.0	%	Built 1986		97.0	%	1,061,790		JCPenney, Nordstrom, L.L. Bean, Macy's (8), Crate & Barrel
71.	Santa Rosa Plaza		CA		Santa Rosa		Fee		100.0	%	Acquired 1998		87.0	%	692,050		Macy's, Forever 21
72.	Shops at Chestnut Hill, The		MA		Chestnut Hill (Boston)		Fee		94.4	%	Acquired 2002		96.9	%	470,073		Bloomingdale's (8)
73.	Shops at Clearfork, The		TX		Fort Worth		Fee		45.0	% (4)	Built 2017		89.5	%	550,029		Neiman Marcus, Arhaus Furniture, AMC Theatre, Pinstripes,
74.	Shops at Crystals, The		NV		Las Vegas		Fee		50.0	% (4)	Acquired 2016		97.3	%	300,381		Aria Resort and Casino (15)
75.	Shops at Nanuet, The		NY		Nanuet		Fee		100.0	%	Redeveloped 2013		92.4	%	757,927		Regal Cinema, 24 Hour Fitness, At Home (6)
76.	Shops at Mission Viejo, The		CA		Mission Viejo (Los Angeles)		Fee		51.0	% (4)	Built 1979		95.9	%	1,253,995		Nordstrom, Macy's (8)
77.	Shops at Riverside, The		NJ		Hackensack (New York)		Fee		100.0	%	Acquired 2007		94.7	%	694,434		Bloomingdale's, Barnes & Noble, Arhaus Furniture, AMC Theatre
78.	Smith Haven Mall		NY		Lake Grove (New York)		Fee		25.0	% (4) (2)	Acquired 1995		95.9	%	1,295,843		Macy's (8), Sears, Dick's Sporting Goods, Barnes & Noble, L.L. Bean
79.	Solomon Pond Mall		MA		Marlborough (Boston)		Fee		56.4	% (4)	Acquired 1999		95.0	%	886,479		Macy's, JCPenney, Sears, Regal Cinema
80.	South Hills Village		PA		Pittsburgh		Fee		100.0	%	Acquired 1997		96.0	%	1,128,101		Macy's (8), Barnes & Noble, AMC Cinemas, Dick's Sporting Goods, Target, DSW, Ulta
81.	South Shore Plaza		MA		Braintree (Boston)		Fee		100.0	%	Acquired 1998		95.6	%	1,590,390		Macy's, Lord & Taylor, Sears, Nordstrom, Target, Primark
82.	Southdale Center		MN		Edina (Minneapolis)		Fee		100.0	%	Acquired 2007		89.1	%	1,246,585		Macy's, AMC Theatres, Dave & Buster's, Restoration Hardware, Life Time Athletic, Life Time Work/Sport, Homewood Suites by Hilton, (16)
83.	SouthPark		NC		Charlotte		Fee and Ground Lease (2040) (9)		100.0	%	Acquired 2002		100.0	%	1,684,152		Neiman Marcus, Nordstrom, Macy's, Dillard's, Belk, Dick's Sporting Goods, Crate & Barrel, The Container Store, Reid's Fine Foods & Wine Bar (15), (16)
84.	Southridge Mall		WI		Greendale (Milwaukee)		Fee		100.0	%	Acquired 2007		91.9	%	1,221,169		JCPenney, Macy's, Marcus Cinema, Dick's Sporting Goods, Round 1, TJ Maxx
85.	Springfield Mall (1)		PA		Springfield (Philadelphia)		Fee		50.0	% (4)	Acquired 2005		91.9	%	610,180		Macy's, Target
86.	Square One Mall		MA		Saugus (Boston)		Fee		56.4	% (4)	Acquired 1999		93.9	%	930,295		Macy's, Sears, Best Buy, T.J. Maxx N More, Dick's Sporting Goods

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties

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​	​	​	​	​	​	​	Ownership Interest	​	​	​	Year Built	​	​	​	​	​	​
​	​	​	​	​	​	​	(Expiration if	​	Legal	​	or	​	​	​	​	​	​
​	Property Name		State		City (CBSA)		Lease) (3)		Ownership		Acquired		Occupancy (5)		Total GLA		Selected Larger Retailers and Uses
87.	St. Charles Towne Center		MD		Waldorf (Washington, DC)		Fee		100.0	%	Built 1990		89.7	%	980,344		Macy's (8), JCPenney, Sears, Kohl's, Dick Sporting Goods, AMC Theatres
88.	St. Johns Town Center		FL		Jacksonville		Fee		50.0	% (4)	Built 2005		98.2	%	1,390,687		Nordstrom, Dillard's, Arhaus Furniture, Dick's Sporting Goods, Barnes & Noble, Restoration Hardware (6), Pinstripes (6), Homewood Suites by Hilton (15),
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​		Target, Ashley Furniture Home Store, Ross, Staples (13), DSW, JoAnn Fabrics, PetsMart
89.	Stanford Shopping Center		CA		Palo Alto (San Jose)		Ground Lease (2064)		94.4	% (11)	Acquired 2003		99.8	%	1,288,163		Neiman Marcus, Bloomingdale's, Nordstrom, Macy's, Crate and Barrel, The Container Store, Restoration Hardware (6)
90.	Stoneridge Shopping Center		CA		Pleasanton (San Francisco)		Fee		49.9	% (4)	Acquired 2007		97.9	%	1,299,686		Macy's (8), Nordstrom, JCPenney, Arhaus Furniture (6)
91.	Summit Mall		OH		Akron		Fee		100.0	%	Built 1965		90.6	%	777,524		Dillard's (8), Macy's
92.	Tacoma Mall		WA		Tacoma (Seattle)		Fee		100.0	%	Acquired 1987		93.5	%	1,239,523		Nordstrom, Macy's, JCPenney, Dick's Sporting Goods, Marcus Cinema (6), Nordstrom Rack (6), Total Wine and More (6), Ulta (6)
93.	Tippecanoe Mall		IN		Lafayette		Fee		100.0	%	Built 1973		89.9	%	863,719		Macy's, JCPenney, Kohl's, Dick's Sporting Goods
94.	Town Center at Boca Raton		FL		Boca Raton (Miami)		Fee		100.0	%	Acquired 1998		99.1	%	1,778,727		Saks Fifth Avenue, Neiman Marcus, Bloomingdale's, Nordstrom, Macy's, Crate & Barrel, The Container Store, Joseph's Classic Market (6), Arhaus Furniture (6)
95.	Town Center at Cobb		GA		Kennesaw (Atlanta)		Fee		100.0	%	Acquired 1998		95.5	%	1,281,736		Belk, Macy's (8), JCPenney, Sears
96.	Towne East Square		KS		Wichita		Fee		100.0	%	Built 1975		99.0	%	1,145,109		Dillard's, Von Maur, JCPenney, Round 1 (6)
97.	Treasure Coast Square		FL		Jensen Beach		Fee		100.0	%	Built 1987		92.9	%	876,113		Macy's, Dillard's, JCPenney, Regal Cinema
98.	Tyrone Square		FL		St. Petersburg (Tampa)		Fee		100.0	%	Built 1972		94.0	%	960,215		Macy's, Dillard's, JCPenney, DSW, Cobb 10 Luxury Theatres, Dick's Sporting Goods, Lucky's Market, PetSmart
99.	University Park Mall		IN		Mishawaka		Fee		100.0	%	Built 1979		95.6	%	918,532		Macy's, JCPenney, Barnes & Noble
100.	Walt Whitman Shops		NY		Huntington Station (New York)		Fee and Ground Lease (2032) (7)		100.0	%	Acquired 1998		98.8	%	1,084,455		Saks Fifth Avenue, Bloomingdale’s, Lord & Taylor, Macy’s
101.	West Town Mall		TN		Knoxville		Fee and Ground Lease (2042)		50.0	% (4)	Acquired 1991		98.7	%	1,281,469		Belk (8), Dillard’s, JCPenney, Regal Cinebarre Theatre, Dick's Sporting Goods (6)
102.	Westchester, The		NY		White Plains (New York)		Fee		40.0	% (4)	Acquired 1997		94.6	%	809,360		Neiman Marcus, Nordstrom, Crate and Barrel
103.	White Oaks Mall		IL		Springfield		Fee		80.7	%	Built 1977		79.5	%	925,382		Macy's, Dick's Sporting Goods, LA Fitness, Michael's
104.	Wolfchase Galleria		TN		Memphis		Fee		94.5	%	Acquired 2002		97.0	%	1,151,500		Macy's, Dillard's, JCPenney, Malco Theatres, Courtyard by Marriott (14)
105.	Woodfield Mall		IL		Schaumburg (Chicago)		Fee		50.0	% (4)	Acquired 2012		95.8	%	2,154,882		Nordstrom, Macy's, Lord & Taylor, JCPenney, Sears, Arhaus Furniture, PAC-MAN Entertainment
106.	Woodland Hills Mall		OK		Tulsa		Fee		94.5	%	Acquired 2002		94.0	%	1,097,833		Macy's, Dillard's, JCPenney, Holiday Inn Express (15), Courtyard by Marriott (15)
​	Total Mall GLA	​	​	​	​	​	​	​	​	​	​	​	​	​	119,807,048	(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		Selected Tenants
​	Premium Outlets	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
1.	Albertville Premium Outlets		MN		Albertville (Minneapolis)		Fee		100.0	%	Acquired 2004		80.4	%	429,553		Calvin Klein, Coach, Gap Outlet, Kate Spade New York, 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		96.9	%	544,219		Adidas, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, Giorgio Armani, J.Crew, Kate Spade New York, Levi's, Michael Kors, Nike, Polo Ralph Lauren, Staybridge Suites (14), The North Face, Tommy Hilfiger, Tory Burch, Under Armour
3.	Aurora Farms Premium Outlets		OH		Aurora (Cleveland)		Fee		100.0	%	Acquired 2004		93.9	%	271,516		Calvin Klein, Coach, Gap Outlet, Kate Spade New York, 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		93.7	%	604,462		Adidas, Calvin Klein, Coach, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Pottery Barn/Williams-Sonoma Outlet, Tommy Hilfiger, The North Face, Under Armour
5.	Camarillo Premium Outlets		CA		Camarillo (Los Angeles)		Fee		100.0	%	Acquired 2004		97.2	%	686,299		Adidas, Calvin Klein, Coach, Columbia Sportswear, Giorgio Armani, H&M, Kate Spade New York, Lululemon, Michael Kors, Neiman Marcus Last Call, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, The North Face, Tommy Hilfiger, Tory Burch, Under Armour
6.	Carlsbad Premium Outlets		CA		Carlsbad (San Diego)		Fee		100.0	%	Acquired 2004		96.0	%	289,209		Adidas, Barneys New York Warehouse, Calvin Klein, Coach, Crate & Barrel, Gap Outlet, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Tory Burch, Under Armour
7.	Carolina Premium Outlets		NC		Smithfield (Raleigh)		Fee		100.0	%	Acquired 2004		96.0	%	438,840		Adidas, Coach, Columbia Sportswear, Gap Outlet, J.Crew, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour
8.	Charlotte Premium Outlets		NC		Charlotte		Fee		50.0	% (4)	Built 2014		98.7	%	398,695		Adidas, Coach, Columbia Sportswear, Gap Outlet, Guess, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Tommy Hilfiger, Under Armour
9.	Chicago Premium Outlets		IL		Aurora (Chicago)		Fee		100.0	%	Built 2004		93.5	%	687,362		Adidas, Arc'teryx, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Restoration Hardware, Saks Fifth Avenue Off 5th, Under Armour
10.	Cincinnati Premium Outlets		OH		Monroe (Cincinnati)		Fee		100.0	%	Built 2009		97.9	%	398,809		Adidas, Calvin Klein, Coach, Gap Outlet, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger, Under Armour
11.	Clarksburg Premium Outlets		MD		Clarksburg (Washington, DC)		Fee		66.0	% (4)	Built 2016		90.9	%	390,128		Armani Outlet, A/X Armani Exchange, Adidas, Calvin Klein, Coach, Columbia Sportswear, Eredi Pisano, Ermenegildo Zegna, Express, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, Thomas Pink, Tommy Hilfiger, Tory Burch, Under Armour
12.	Clinton Crossing Premium Outlets		CT		Clinton		Fee		100.0	%	Acquired 2004		97.5	%	276,117		Adidas, Calvin Klein, Coach, Gap Outlet, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Tommy Hilfiger, Under Armour
13.	Denver Premium Outlets		CO		Thornton (Denver)		Fee		100.0	%	Built 2018		97.6	%	328,120		A/X Armani Exchange, Calvin Klein, Coach, Gap Outlet, H&M, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, Tory Burch, Under Armour, Vineyard Vines
14.	Desert Hills Premium Outlets		CA		Cabazon (Palm Springs)		Fee		100.0	%	Acquired 2004		99.8	%	655,261		Agent Provocateur, Alexander McQueen, Armani Outlet, Balenciaga, Bottega Veneta, Brioni, Brunello Cucinelli, Burberry, Coach, Ermenegildo Zegna, Fendi, Gucci, Jimmy Choo, Loro Piana, Marc Jacobs, Moncler, Mulberry, Neiman Marcus Last Call, Nike, Polo Ralph Lauren, Prada, Saint Laurent Paris, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, Stuart Weitzman, Tory Burch, Valentino
15.	Ellenton Premium Outlets		FL		Ellenton (Tampa)		Fee		100.0	%	Acquired 2010		95.5	%	477,050		Adidas, Calvin Klein, Coach, Columbia Sportswear, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Tommy Hilfiger, Under Armour
16.	Folsom Premium Outlets		CA		Folsom (Sacramento)		Fee		100.0	%	Acquired 2004		91.3	%	297,597		Adidas, Banana Republic, Calvin Klein, Coach, Gap Outlet, Kate Spade New York, Michael Kors, Nike, 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		Selected Tenants
17.	Gilroy Premium Outlets		CA		Gilroy (San Jose)		Fee		100.0	%	Acquired 2004		90.2	%	578,326		Adidas, Calvin Klein, Coach, Columbia Sportswear, J.Crew, Kate Spade New York, Lululemon, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, The North Face, Tommy Hilfiger
18.	Gloucester Premium Outlets		NJ		Blackwood (Philadelphia)		Fee		50.0	% (4)	Built 2015		87.4	%	369,686		Adidas, Banana Republic, Brooks Brothers, Calvin Klein, Columbia Sportswear, Gap Outlet, Guess, Levi's, J. Crew, Loft Outlet, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Skechers, Tommy Hilfiger, Under Armour, Vera Bradley
19.	Grand Prairie Premium Outlets		TX		Grand Prairie (Dallas)		Fee		100.0	%	Built 2012		95.8	%	423,679		Banana Republic, Bloomingdale's The Outlet Store, Calvin Klein, Coach, Columbia Sportswear, Kate Spade New York, J.Crew, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Tommy Bahama, Tommy Hilfiger, Under Armour
20.	Grove City Premium Outlets		PA		Grove City (Pittsburgh)		Fee		100.0	%	Acquired 2010		92.3	%	530,748		Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, Guess, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger, Under Armour
21.	Gulfport Premium Outlets		MS		Gulfport		Ground Lease (2059)		100.0	%	Acquired 2010		89.9	%	300,009		Banana Republic, Chico's, Coach, Gap Outlet, H&M, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour
22.	Hagerstown Premium Outlets		MD		Hagerstown (Baltimore/Washington, DC)		Fee		100.0	%	Acquired 2010		84.9	%	485,104		Adidas, American Eagle Outfitters, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, Guess, J.Crew, Kate Spade New York, Loft Outlet, New Balance, The North Face, Tommy Hilfiger, Under Armour
23.	Houston Premium Outlets		TX		Cypress (Houston)		Fee		100.0	%	Built 2008		99.1	%	542,381		Ann Taylor, A/X Armani Exchange, Banana Republic, Brooks Brothers, Burberry, Calvin Klein, Coach, Furla, Gap Outlet, Giorgio Armani, Holiday Inn Express (15), Kate Spade New York, Lululemon, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Tommy Hilfiger, Tory Burch, Victoria's Secret
24.	Indiana Premium Outlets		IN		Edinburgh (Indianapolis)		Fee		100.0	%	Acquired 2004		94.5	%	378,029		Adidas, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, Guess, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour
25.	Jackson Premium Outlets		NJ		Jackson (New York)		Fee		100.0	%	Acquired 2004		96.2	%	285,606		Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, J.Crew, Loft Outlet, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour
26.	Jersey Shore Premium Outlets		NJ		Tinton Falls (New York)		Fee		100.0	%	Built 2008		98.6	%	434,462		Adidas, Ann Taylor, Banana Republic, Burberry, Brooks Brothers, Calvin Klein, Coach, Columbia Sportswear, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour
27.	Johnson Creek Premium Outlets		WI		Johnson Creek		Fee		100.0	%	Acquired 2004		91.3	%	277,672		Adidas, Banana Republic, Calvin Klein, Gap Outlet, Loft Outlet, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour
28.	Kittery Premium Outlets		ME		Kittery		Fee and Ground Lease (2049) (7)		100.0	%	Acquired 2004		87.0	%	259,361		Ann Taylor, Banana Republic, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, J.Crew, Kate Spade New York, Nike, Polo Ralph Lauren, Swarovski, Tommy Hilfiger
29.	Las Americas Premium Outlets		CA		San Diego		Fee		100.0	%	Acquired 2007		98.9	%	553,933		Adidas, Banana Republic, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, Giorgio Armani, Guess, Kate Spade New York, Lacoste, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger, Under Armour
30.	Las Vegas North Premium Outlets		NV		Las Vegas		Fee		100.0	%	Built 2003		99.3	%	676,322		All Saints, Armani Outlet, A/X Armani Exchange, Banana Republic, Burberry, Canali, CH Carolina Herrera, Cheesecake Factory, Coach, David Yurman, Dolce & Gabbana, Etro, Jimmy Choo, John Varvatos, Lululemon, Kate Spade New York, Marc Jacobs, Neiman Marcus Last Call, Michael Kors, Nike, Polo Ralph Lauren, Roberto Cavalli, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, Shake Shack, Tory Burch
31.	Las Vegas South Premium Outlets		NV		Las Vegas		Fee		100.0	%	Acquired 2004		99.3	%	535,618		Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, Guess, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, 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		Selected Tenants
32.	Lee Premium Outlets		MA		Lee		Fee		100.0	%	Acquired 2010		94.2	%	224,796		Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, J.Crew, Loft Outlet, Michael Kors, Nike, Polo Ralph Lauren, Skechers, Tommy Hilfiger, Under Armour
33.	Leesburg Premium Outlets		VA		Leesburg (Washington, DC)		Fee		100.0	%	Acquired 2004		97.9	%	478,311		Adidas, Ann Taylor, Armani Outlet, A/X Armani Exchange, Brooks Brothers, Burberry, Coach, Design Within Reach, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Restoration Hardware, Tory Burch, Under Armour, Vineyard Vines, Williams-Sonoma
34.	Lighthouse Place Premium Outlets		IN		Michigan City (Chicago, IL)		Fee		100.0	%	Acquired 2004		87.2	%	454,780		Adidas, Ann Taylor, Banana Republic, Calvin Klein, Coach, Gap Outlet, Guess, H&M, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger, Under Armour
35.	Merrimack Premium Outlets		NH		Merrimack		Fee		100.0	%	Built 2012		98.4	%	408,896		Ann Taylor, Banana Republic, Barbour, Bloomingdale's The Outlet Store, Brooks Brothers, Calvin Klein, Coach, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Tommy Hilfiger, Tory Burch, Under Armour, Vineyard Vines
36.	Napa Premium Outlets		CA		Napa		Fee		100.0	%	Acquired 2004		92.8	%	179,379		Adidas, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, J.Crew, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger
37.	Norfolk Premium Outlets		VA		Norfolk		Fee		65.0	% (4)	Built 2017		83.3	%	332,087		A/X Armani Exchange, Banana Republic, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, H&M, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger, Tory Burch, Under Armour
38.	North Bend Premium Outlets		WA		North Bend (Seattle)		Fee		100.0	%	Acquired 2004		91.7	%	223,560		Banana Republic, Coach, Gap Outlet, Levi's, Kate Spade New York, Michael Kors, Nike, Skechers, Under Armour
39.	North Georgia Premium Outlets		GA		Dawsonville (Atlanta)		Fee		100.0	%	Acquired 2004		92.8	%	540,724		Ann Taylor, Armani Outlet, Banana Republic, Brooks Brothers, Burberry, Calvin Klein, Coach, Columbia Sportswear, J.Crew, Kate Spade New York, Lululemon, Michael Kors, Nike, Polo Ralph Lauren, Pottery Barn, Saks Fifth Avenue Off 5th, The North Face, Tommy Hilfiger, Tory Burch, Williams-Sonoma
40.	Orlando International Premium Outlets		FL		Orlando		Fee		100.0	%	Acquired 2010		99.0	%	772,891		Adidas, Armani Outlet, Calvin Klein, Coach, Columbia Sportswear, Invicta, Havaianas, H&M, J.Crew, Karl Lagerfeld, Kate Spade New York, Michael Kors, Nike, Panera Bread, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, The North Face, Tommy Hilfiger, Tory Burch, Under Armour
41.	Orlando Vineland Premium Outlets		FL		Orlando		Fee		100.0	%	Acquired 2004		100.0	%	656,892		Adidas, All Saints, Armani Outlet, Bally, Bottega Veneta, Brunello Cucinelli, Burberry, Calvin Klein, Carolina Herrera, Coach, Ermenegildo Zegna, Jimmy Choo, John Varvatos, Kate Spade New York, Lacoste, Lululemon, Michael Kors, Nike, Prada, Polo Ralph Lauren, Roberto Cavalli, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, TAG Heuer, The North Face, Tod's, Tommy Hilfiger, Tory Burch, Under Armour
42.	Petaluma Village Premium Outlets		CA		Petaluma (San Francisco)		Fee		100.0	%	Acquired 2004		95.7	%	201,694		Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Coach, Gap Outlet, Kate Spade New York, Michael Kors, Nike, Saks Fifth Avenue Off 5th, Tommy Hilfiger
43.	Philadelphia Premium Outlets		PA		Limerick (Philadelphia)		Fee		100.0	%	Built 2007		97.7	%	549,154		Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, Guess, H&M, J.Crew, Loft Outlet, Michael Kors, Nike, Polo Ralph Lauren, Restoration Hardware, The North Face, Tommy Hilfiger, Tory Burch, Under Armour
44.	Phoenix Premium Outlets		AZ		Chandler (Phoenix)		Ground Lease (2077)		100.0	%	Built 2013		98.1	%	356,506		Adidas, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Columbia Sportswear, Gap Factory Store, Guess, Kate Spade New York, Michael Kors, Nike, Saks Fifth Avenue Off 5th, Tommy Bahama, Tommy Hilfiger, Tumi, Under Armour
45.	Pismo Beach Premium Outlets		CA		Pismo Beach		Fee		100.0	%	Acquired 2010		96.4	%	147,417		Calvin Klein, Coach, Guess, Kate Spade New York, Levi's, Nike, Polo Ralph Lauren, Skechers, Tommy Hilfiger, Van Heusen
46.	Pleasant Prairie Premium Outlets		WI		Pleasant Prairie (Chicago, IL/Milwaukee)		Fee		100.0	%	Acquired 2010		99.3	%	402,626		Adidas, Ann Taylor, Banana Republic, Calvin Klein, Coach, Gap Outlet, Kate Spade New York, J.Crew, Lacoste, Loft Outlet, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger, Tory Burch, 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		Selected Tenants
47.	Puerto Rico Premium Outlets		PR		Barceloneta		Fee		100.0	%	Acquired 2010		97.2	%	350,091		Adidas, Ann Taylor, Calvin Klein, Coach, Disney Store Outlet, Gap Outlet, Invicta, Lacoste, Loft Outlet, Michael Kors, Nike, Polo Ralph Lauren, Puma, Tommy Hilfiger
48.	Queenstown Premium Outlets		MD		Queenstown (Baltimore)		Fee		100.0	%	Acquired 2010		97.5	%	289,601		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, Tommy Bahama, Under Armour
49.	Rio Grande Valley Premium Outlets		TX		Mercedes (McAllen)		Fee		100.0	%	Built 2006		87.4	%	603,929		Adidas, Ann Taylor, Armani Outlet, A/X Armani Exchange, Banana Republic, Calvin Klein, Coach, Gap Outlet, H&M, Kate Spade New York, Levi's, Loft Outlet, Michael Kors, Nike, Pandora, Polo Ralph Lauren, Tommy Hilfiger, Under Armour
50.	Round Rock Premium Outlets		TX		Round Rock (Austin)		Fee		100.0	%	Built 2006		99.0	%	498,363		Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Duluth Trading Company, Gap Outlet, J.Crew, Kate Spade New York, Loft Outlet, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour
51.	San Francisco Premium Outlets		CA		Livermore (San Francisco)		Fee and Ground Lease (2021) (9)		100.0	%	Built 2012		100.0	%	696,904		All Saints, Arc'teryx, Athleta, A/X Armani Exchange, Bloomingdale's The Outlet Store, Bottega Veneta, Brunello Cucinelli, Burberry, CH Carolina Herrera, Coach, Ermenegildo Zegna, Etro, Furla, Gucci, H&M, Jimmy Choo, John Varvatos, Kate Spade New York, Lacoste, Longchamp, MaxMara, Michael Kors, Nike, Polo Ralph Lauren, Prada, Roger Vivier, Saks Fifth Avenue Off 5th, Sandro & Maje, Salvatore Ferragamo, Stuart Weitzman, The North Face, Tod's, Tory Burch, Under Armour, Versace, Zadig et Voltaire
52.	San Marcos Premium Outlets		TX		San Marcos (Austin/San Antonio)		Fee		100.0	%	Acquired 2010		97.2	%	731,377		Armani Outlet, Banana Republic, Burberry, CH Carolina Herrera, Diane Von Furstenberg, Etro, Gucci, J. Crew, Jimmy Choo, Johnny Rockets, Kate Spade New York, Lacoste, Lululemon, Neiman Marcus Last Call, Michael Kors, Pandora, Polo Ralph Lauren, Pottery Barn, Prada, Restoration Hardware, Saks Fifth Avenue Off 5th, Saint Laurent Paris, Salvatore Ferragamo, Stuart Weitzman, The North Face, Tommy Bahama, Tory Burch, Versace, Vineyard Vines
53.	Seattle Premium Outlets		WA		Tulalip (Seattle)		Ground Lease (2079)		100.0	%	Built 2005		98.8	%	554,751		Adidas, Ann Taylor, Arc'teryx, Armani Outlet, Banana Republic, Burberry, Calvin Klein, Coach, Columbia Sportswear, Kate Spade New York, Lululemon, Michael Kors, Nike, Polo Ralph Lauren, St. John, Stuart Weitzman, The North Face, Tommy Bahama, Tommy Hilfiger, Tory Burch, Under Armour
54.	Silver Sands Premium Outlets		FL		Destin		Fee		50.0	% (4)	Acquired 2012		94.5	%	450,954		Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Coach, Columbia Sportswear, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, The North Face, Tommy Hilfiger, Tory Burch, Under Armour
55.	St. Augustine Premium Outlets		FL		St. Augustine (Jacksonville)		Fee		100.0	%	Acquired 2004		95.7	%	327,699		Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, J.Crew, Kate Spade New York, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour
56.	St. Louis Premium Outlets		MO		St. Louis (Chesterfield)		Fee		60.0	% (4)	Built 2013		96.0	%	351,495		Adidas, Ann Taylor, Brooks Brothers, Coach, Gap Outlet, J. Crew, Kate Spade New York, Levi's, Michael Kors, Nike, Puma, Saks Fifth Avenue Off 5th, Tommy Hilfiger, Ugg, Under Armour
57.	Tampa Premium Outlets		FL		Lutz (Tampa)		Fee		100.0	%	Built 2015		100.0	%	459,485		Adidas, Armani Outlet, Banana Republic, BJ's Restaurant and Brewhouse, Brooks Brothers, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, J. Crew, Kate Spade New York, Lucky Brand, Michael Kors, Nike, Polo Ralph Lauren, Puma, Saks 5th Avenue Off 5th, Tommy Hilfiger, Tumi, Under Armour
58.	Tanger Outlets - Columbus (1)		OH		Sunbury (Columbus)		Fee		50.0	% (4)	Built 2016		95.0	%	355,255		Banana Republic, Brooks Brothers, Coach, Kate Spade New York, Nike, Polo Ralph Lauren, Under Armour
59.	Tanger Outlets - Galveston/Houston (1)		TX		Texas City		Fee		50.0	% (4)	Built 2012		95.9	%	352,705		Banana Republic, Brooks Brothers, Coach, Gap Outlet, Kate Spade New York, Michael Kors, Nike, Tommy Hilfiger

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		Selected Tenants
60.	The Crossings Premium Outlets		PA		Tannersville		Fee and Ground Lease (2029) (7)		100.0	%	Acquired 2004		98.1	%	411,747		Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, J.Crew, Johnny Rockets, Kate Spade New York, Loft Outlet, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger, Under Armour
61.	Tucson Premium Outlets		AZ		Marana (Tucson)		Fee		100.0	%	Built 2015		89.3	%	363,437		Adidas, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, Godiva, Guess, J. Crew, Johnny Rockets, Levi’s, Michael Kors, Nike, Polo Ralph Lauren, Saks 5th Avenue Off 5th, Skechers, Tommy Hilfiger, Under Armour
62.	Twin Cities Premium Outlets		MN		Eagan		Fee		35.0	% (4)	Built 2014		95.7	%	408,931		Adidas, Ann Taylor, Armani Outlet, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, J. Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Robert Graham, Saks Fifth Avenue Off 5th, Talbots, Under Armour
63.	Vacaville Premium Outlets		CA		Vacaville		Fee		100.0	%	Acquired 2004		94.7	%	445,400		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, Skechers, The North Face, Tommy Hilfiger, Under Armour, West Elm Outlet
64.	Waikele Premium Outlets		HI		Waipahu (Honolulu)		Fee		100.0	%	Acquired 2004		95.8	%	219,480		Adidas, All Saints, Armani Outlet, Banana Republic, Barney's New York, Calvin Klein, Coach, Furla, Kate Spade New York, Michael Kors, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Swarovski, Tommy Hilfiger, Tory Burch
65.	Waterloo Premium Outlets		NY		Waterloo		Fee		100.0	%	Acquired 2004		94.1	%	421,436		American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Chico’s, Coach, Columbia Sportswear, Gap Outlet, H&M, J.Crew, Levi's, Loft Outlet, Michael Kors, Nike, Polo Ralph Lauren, Skechers, Tommy Hilfiger, Under Armour
66.	Williamsburg Premium Outlets		VA		Williamsburg		Fee		100.0	%	Acquired 2010		95.0	%	522,562		Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, J.Crew, Kate Spade New York, Levi's, Loft Outlet, Michael Kors, New Balance, Nike, Pandora, Polo Ralph Lauren, The North Face, Timberland, Tommy Bahama, Tommy Hilfiger, Under Armour
67.	Woodburn Premium Outlets		OR		Woodburn (Portland)		Fee		100.0	%	Acquired 2013		98.6	%	389,722		Adidas, Ann Taylor, Banana Republic, Calvin Klein, Coach, Gap Outlet, J. Crew, Levi's, Michael Kors, Nike, The North Face, Polo Ralph Lauren, Tommy Hilfiger, Tory Burch, Under Armour
68.	Woodbury Common Premium Outlets		NY		Central Valley (New York)		Fee		100.0	%	Acquired 2004		98.5	%	909,342		Arc'teryx, Armani Outlet, Balenciaga, Bottega Veneta, Breitling, Brioni, Brunello Cucinelli, Burberry, Canali, Celine, Chloe, Coach, Dior, Dolce & Gabbana, Dunhill, Fendi, Givenchy, Golden Goose, Gucci, Jimmy Choo, Lacoste, Le Pain Quotidien, Loewe, Longchamp, Loro Piana, Marc Jacobs, Michael Kors, Moncler, Mulberry, Nike, Polo Ralph Lauren, Prada, Saint Laurent, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, Shake Shack, Stuart Weitzman, Theory, Tod's, Tom Ford, Tory Burch, Valentino, Versace, Zegna
69.	Wrentham Village Premium Outlets		MA		Wrentham (Boston)		Fee		100.0	%	Acquired 2004		94.5	%	672,857		Adidas, All Saints, Ann Taylor, Armani Outlet, Banana Republic, Bloomingdale's The Outlet Store, Brooks Brothers, Burberry, Calvin Klein, Coach, David Yurman, J.Crew, Karl Lagerfeld, Kate Spade New York, Lacoste, Lululemon, Michael Kors, Nike, Polo Ralph Lauren, Puma, Restoration Hardware, Robert Graham, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, Theory, Tommy Hilfiger, Tory Burch, Under Armour, Vineyard Vines
​	Total U.S. Premium Outlets GLA	​	​	​	​	​	​	​	​	​	​	​	​	​	30,521,409	​	​

​

​

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		Selected Tenants
​	The Mills	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
1.	Arizona Mills		AZ		Tempe (Phoenix)		Fee		100.0	%	Acquired 2007		97.1	%	1,237,900		Marshalls, Burlington Coat Factory, Ross, Harkins Cinemas & IMAX, Sea Life Center, Conn's, Legoland, Forever 21, Rainforest Café, Fieldhouse USA (6)
2.	Arundel Mills		MD		Hanover (Baltimore)		Fee		59.3	% (4)	Acquired 2007		99.5	%	1,931,034		Bass Pro Shops Outdoor World, Bed Bath & Beyond, Best Buy, Burlington Coat Factory, Dave & Buster's, Medieval Times, Modell's, Saks Fifth Avenue Off 5th, Off Broadway Shoe Warehouse, T.J. Maxx, Cinemark Egyptian 24 Theatres, Maryland Live! Casino, Forever 21, Ulta, Live! Hotel (14)
3.	Colorado Mills		CO		Lakewood (Denver)		Fee		37.5	% (4)	Acquired 2007		90.6	%	1,414,545		Forever 21, Jumpstreet, Off Broadway Shoe Warehouse, 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		99.5	%	1,362,549		Bass Pro Shops Outdoor World, Burlington Coat Factory, Dave & Buster's, Nike Factory Store, 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		99.4	%	1,781,293		Burlington Coat Factory, Marshalls, Saks Fifth Avenue Off 5th, AMC Theatres, Sun & Ski Sports, Neiman Marcus Last Call, Bass Pro Shops Outdoor World, Legoland Discovery Center, Sea Life Center, Ross, H&M, Round 1 Entertainment, Fieldhouse USA, Rainforest Café
6.	Great Mall		CA		Milpitas (San Jose)		Fee and Ground Lease (2049) (7)		100.0	%	Acquired 2007		99.2	%	1,368,381		Neiman Marcus Last Call, Camille La Vie, Kohl's, Dave & Buster's, Burlington Coat Factory, Marshalls, Saks Fifth Avenue Off 5th, Nike Factory Store, Century Theatres, Bed Bath & Beyond, Dick's Sporting Goods, Legoland Discovery Center (6)
7.	Gurnee Mills		IL		Gurnee (Chicago)		Fee		100.0	%	Acquired 2007		82.1	%	1,936,003		Bass Pro Shops Outdoor World, Bed Bath & Beyond/Buy Buy Baby, Burlington Coat Factory, Kohl's, Marshalls Home Goods, Marcus Cinemas, Value City Furniture, Off Broadway Shoe Warehouse, Macy's, Floor & Decor, Dick's Sporting Goods, Tilt/Rink Side Sports & Family Entertainment Center, Rainforest Café, The Room Place
8.	Katy Mills		TX		Katy (Houston)		Fee		62.5	% (4) (2)	Acquired 2007		94.7	%	1,787,908		Bass Pro Shops Outdoor World, Burlington Coat Factory, Marshalls, Neiman Marcus Last Call, Saks Fifth Avenue Off 5th, Sun & Ski Sports, AMC Theatres, Tilt, Ross, H&M, RH Outlet, Rainforest Café
9.	Mills at Jersey Gardens, The		NJ		Elizabeth		Fee		100.0	%	Acquired 2015		96.1	%	1,303,749		Bed Bath & Beyond, Burlington Coat Factory, Century 21 Department Store, Cohoes, Forever 21, AMC Theatres, Marshalls, Nike Factory Store, Saks 5th Avenue Off 5th,
10.	Ontario Mills		CA		Ontario (Riverside)		Fee		50.0	% (4)	Acquired 2007		99.1	%	1,421,750		Burlington Coat Factory, Nike Factory Store, Marshalls, Saks Fifth Avenue Off 5th, Nordstrom Rack, Dave & Buster's, Camille La Vie, Sam Ash Music, AMC Theatres, Forever 21, Uniqlo, Restoration Hardware Outlet, Skechers Superstore, Rainforest Café, Aki-Home
11.	Opry Mills		TN		Nashville		Fee		100.0	%	Acquired 2007		99.9	%	1,168,427		Regal Cinema & IMAX, Dave & Buster's, Sun & Ski, Bass Pro Shops Outdoor World, Bed Bath & Beyond, Saks Fifth Avenue Off 5th, Madame Tussauds, Rainforest Café, Aquarium Restaurant
12.	Outlets at Orange, The		CA		Orange (Los Angeles)		Fee		100.0	%	Acquired 2007		99.8	%	866,975		Dave & Buster’s, Vans Skatepark, Lucky Strike Lanes, Saks Fifth Avenue Off 5th, AMC Theatres, Neiman Marcus Last Call, Nordstrom Rack, Bloomingdale's the Outlet Store
13.	Potomac Mills		VA		Woodbridge (Washington, DC)		Fee		100.0	%	Acquired 2007		99.1	%	1,560,052		Marshalls, T.J. Maxx, JCPenney, Burlington Coat Factory, Nordstrom Rack, Saks Fifth Avenue Off 5th Outlet, Costco Warehouse, AMC Theatres, Bloomingdale's Outlet, Buy Buy Baby/and That!, Round 1 (6)
14.	Sawgrass Mills		FL		Sunrise (Miami)		Fee		100.0	%	Acquired 2007		97.8	%	2,369,306		Bed Bath & Beyond, BrandsMart USA, Burlington Coat Factory, Marshalls, Neiman Marcus Last Call, Nordstrom Rack, Saks Fifth Avenue Off 5th, Super Target, T.J. Maxx, Regal Cinema, Bloomingdale's Outlet, Century 21 Department Store, Dick's Sporting Goods, Primark (6), AC Hotel by Marriott (6)
​	Total Mills Properties GLA	​	​	​	​	​	​	​	​	​	​	​	​	​	21,509,872	​	​

​

​

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		Selected Tenants
​	Lifestyle Centers	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
1.	ABQ Uptown		NM		Albuquerque		Fee		100.0	%	Acquired 2011		98.8	%	229,530		Anthropologie, Apple, Pottery Barn
2.	Hamilton Town Center		IN		Noblesville (Indianapolis)		Fee		50.0	% (4)	Built 2008		96.6	%	674,905		JCPenney, Dick's Sporting Goods, Stein Mart, Bed Bath & Beyond, DSW, Hamilton 16 IMAX, Earth Fare (13)
3.	Pier Park		FL		Panama City Beach		Fee		65.6	% (4)	Built 2008		98	%	947,992		Dillard's, JCPenney, Target, Grand Theatres, Ron Jon Surf Shop, Margaritaville, Marshalls, Dave & Buster's, Skywheel
4.	University Park Village		TX		Fort Worth		Fee		100.0	%	Acquired 2015		100.0	%	169,940		Anthropologie, Apple, Pottery Barn
​	Total Lifestyle Centers GLA	​	​	​	​	​	​	​	​	​	​	​	​	​	2,022,367	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	Other Properties	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
1 - 9.	Other Properties		​	​	​	​	​	​	​	​	​	​	​	​	4,387,656		​
10 - 11.	TMLP		​	​	​	​	​	​	​	​	Acquired 2007		​	​	2,913,691		​
​	Total Other GLA	​	​	​	​	​	​	​	​	​	​	​	​	​	7,301,347	(18)	​
​	Total U.S. Properties GLA	​	​	​	​	​	​	​	​	​	​	​	​	​	181,162,043	​	​

​

​

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties

​

FOOTNOTES:

(1)	This property is managed by a third party.

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

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

(4)	Joint venture properties accounted for under the equity method.

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

(6)	Indicates box, anchor, major or project currently under development/construction or has announced plans for development.

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

(8)	Tenant has multiple locations at this center.

(9)	Indicates ground lease covers outparcel only.

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

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

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

(13)	Indicates anchor has announced its intent to close this location.

(14)	Indicates box, anchor, major or project currently under development/construction by a third party.

(15)	Owned by a third party.

(16)	Includes multi-family tenant on-site.

(17)	This property is undergoing significant renovation.

(18)	GLA includes office space. Centers with more than 75,000 square feet of office space are listed below:

Auburn Mall - 85,619 sq. ft.	​
Circle Centre – 138,390 sq. ft.
Copley Place - 893,439 sq. ft.
Domain, The - 156,240 sq. ft.
Fashion Centre at Pentagon City, The - 169,089 sq. ft.	​
Oxford Valley Mall - 137,862 sq. ft.	​
Shops at Clearfork, The - 146,571 sq. ft.	​
Southdale Center - 101,560 sq. ft.	​

​

​

​

United States Lease Expirations

The following table summarizes lease expiration data for our U.S. malls and Premium Outlets, including Puerto Rico, as of December 31, 2019. 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 12/31/18		​	Revenues (2)	​
Inline Stores and Freestanding	​	​	​	​	​	​	​	​	​	​
Month to Month Leases	​	651	​	2,021,771	​	$	58.01	​	2.0	%
2020	​	2,473	​	8,606,035	​	$	50.60	​	7.6	%
2021	​	2,424	​	9,066,802	​	$	50.64	​	8.0	%
2022	​	2,326	​	8,754,342	​	$	49.66	​	7.7	%
2023	​	2,277	​	9,381,279	​	$	56.10	​	9.1	%
2024	​	1,919	​	7,462,106	​	$	59.29	​	7.6	%
2025	​	1,478	​	5,658,208	​	$	63.78	​	6.4	%
2026	​	1,275	​	4,630,900	​	$	63.93	​	5.2	%
2027	​	985	​	3,708,647	​	$	65.27	​	4.2	%
2028	​	851	​	3,660,770	​	$	59.68	​	3.8	%
2029	​	723	​	3,132,495	​	$	62.27	​	3.2	%
2030 and Thereafter	​	445	​	2,853,217	​	$	41.65	​	2.2	%
Specialty Leasing Agreements w/ terms in excess of 12 months	​	1,836	​	4,658,652	​	$	18.28	​	1.6	%
Anchors	​	​	​	​	​	​	​	​	​	​
2020	​	5	​	524,702	​	$	6.01	​	0.1	%
2021	​	10	​	1,113,351	​	$	6.32	​	0.1	%
2022	​	16	​	2,033,754	​	$	6.14	​	0.2	%
2023	​	17	​	2,386,762	​	$	6.67	​	0.3	%
2024	​	24	​	2,027,154	​	$	8.30	​	0.3	%
2025	​	16	​	1,480,858	​	$	7.21	​	0.2	%
2026	​	7	​	804,111	​	$	4.30	​	0.1	%
2027	​	6	​	920,224	​	$	4.16	​	0.1	%
2028	​	9	​	857,119	​	$	7.58	​	0.1	%
2029	​	5	​	577,818	​	$	5.02	​	0.1	%
2030 and Thereafter	​	25	​	2,455,938	​	$	8.50	​	0.4	%

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

(2)	Annual rental revenues represent domestic 2019 consolidated and joint venture combined base rental revenue.

International Properties

Our ownership interests in properties outside the United States are primarily owned through joint venture arrangements. With the exception of our Premium Outlets in Canada, all of our international properties are managed by related parties.

European Investments

At December 31, 2019, we owned 63,924,148 shares, or approximately 22.2%, of Klépierre, which had a quoted market price of $37.96 per share. Klépierre is a publicly traded, Paris-based real estate company, which owns, or has an interest in shopping centers located in 15 countries.

As of December 31, 2019, 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, 2019, our legal percentage ownership interests in these entities ranged from 45% to 94%.

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 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 two operating joint venture properties in Mexico, a 50% interest in two operating joint venture properties in Malaysia, and a 50% interest in three Premium Outlet operating joint venture properties in Canada. The nine Japanese Premium Outlets operate in various cities throughout Japan and comprise over 3.3 million square feet of GLA and were 99.5% leased as of December 31, 2019.

The following property tables summarize certain data for our international properties as of December 31, 2019 and do not include our equity investment in Klépierre or our investment in Value Retail PLC and affiliated entities.

​

​

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

International Properties

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​

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​		​		City		Ownership		SPG Effective		​		Total Gross		​
​	​	COUNTRY/Property Name	​	(Metropolitan area)	​	Interest	​	Ownership	​	Year Built	​	Leasable Area (1)	​	Selected Tenants
​	​	JAPAN	​	​	​	​	​	​	​	​	​	​	​	​	​
1.	​	Ami Premium Outlets	​	Ami (Tokyo)	​	Fee	​	40.0	%	2009	​	315,000	​	Adidas, Beams, Coach, Gap Outlet, Kate Spade New York, McGregor, Michael Kors, Polo Ralph Lauren, Puma, TaylorMade, Tommy Hilfiger	​
2.	​	Gotemba Premium Outlets (3)	​	Gotemba City (Tokyo)	​	Fee	​	40.0	%	2000	​	481,500	​	Adidas, Armani, Balenciaga, Bally, Beams, Bottega Veneta, Burberry, Coach, Dolce & Gabbana, Dunhill, Gap Outlet, Gucci, Jill Stuart, Loro Piana, Michael Kors, Moncler, Nike, Polo Ralph Lauren, Prada/Miu Miu, Puma, 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, Beams, Coach, Dolce & Gabbana, Gap Outlet, Gucci, Kate Spade New York, Marc Jacobs, Michael Kors, Nike, Polo Ralph Lauren, Prada/Miu Miu, Salvatore Ferragamo, Tod's, Tommy Hilfiger, United Arrows, Valentino	​
4.	​	Rinku Premium Outlets (3)	​	Izumisano (Osaka)	​	Ground Lease (2031)	​	40.0	%	2000	​	402,500	​	Adidas, Armani, Bally, Beams, Coach, Dolce & Gabbana, Dunhill, Eddie Bauer, Furla, Gap Outlet, Kate Spade New York, Lanvin Collection, Michael Kors, Nike, Olive des Olive, Polo Ralph Lauren, Salvatore Ferragamo, TaylorMade, Tommy Hilfiger, United Arrows	​
5.	​	Sano Premium Outlets	​	Sano (Tokyo)	​	Fee	​	40.0	%	2003	​	390,800	​	Adidas, Beams, Coach, Dunhill, Eddie Bauer, Etro, Furla, Gap Outlet, Gucci, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Prada/Miu Miu, TaylorMade	​
6.	​	Sendai-Izumi Premium Outlets	​	Izumi Park Town (Sendai)	​	Ground Lease (2027)	​	40.0	%	2008	​	164,200	​	Adidas, Beams, Coach, Gap, Polo Ralph Lauren, Tommy Hilfiger, United Arrows	​
7.	​	Shisui Premium Outlets	​	Shisui (Chiba), Japan	​	Ground Lease (2033)	​	40.0	%	2013	​	434,600	​	Adidas, Beams, Citizen, Coach, Dunhill, Furla, Gap, Kate Spade New York, 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, Coach, Furla, Gap Outlet, Kate Spade New York, Nike, Olive des Olive, Polo Ralph Lauren, Puma, Timberland, Tommy Hilfiger, United Arrows	​
9.	​	Tosu Premium Outlets (2)	​	Fukuoka (Kyushu)	​	Fee	​	40.0	%	2004	​	328,400	​	Adidas, Beams, Bose, Coach, Dolce & Gabbana, Furla, Gap Outlet, Kate Spade New York, Michael Kors, Nike, Olive des Olive, Polo Ralph Lauren, Puma, Tommy Hilfiger, United Arrows	​
​	​	​	​	​	​	​	​	​	​	Phase 4 - 2019	​	​	​	​	​
​	​	Subtotal Japan	​	​	​	​	​	​	​	​	​	3,325,700	​	​	​

​

​

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)	​	Selected Tenants
​	​	MEXICO	​	​	​	​	​	​	​	​	​	​	​	​	​
10.	​	Punta Norte Premium Outlets	​	Mexico City	​	Fee	​	50.0	%	2004	​	333,000	​	Adidas, Calvin Klein, CH Carolina Herrera, Coach, Dolce & Gabbana, Kate Spade New York, Nautica, Nike, Palacio Outlet, Salvatore Ferragamo, Zegna	​
11.	​	Premium Outlets Querétaro	​	Querétaro	​	Fee	​	50.0	%	2019	​	274,800	​	Adidas, Adrianna Papell, Calvin Klein, Guess, Levi's, Nike, Tommy Hilfiger, True Religion, Under Armour	​
​	​	Subtotal Mexico	​	​	​	​	​	​	​	​	​	607,800	​	​	​
​	​	SOUTH KOREA	​	​	​	​	​	​	​	​	​	​	​	​	​
12.	​	Yeoju Premium Outlets	​	Yeoju (Seoul)	​	Fee	​	50.0	%	2007	​	551,600	​	Adidas, Armani, Burberry, Chloe, Coach, Fendi, Gucci, Michael Kors, Nike, Polo Ralph Lauren, Prada, Salvatore Ferragamo, Tod's, Under Armour, Valentino, Vivienne Westwood	​
13.	​	Paju Premium Outlets (2)	​	Paju (Seoul)	​	Ground Lease (2040)	​	50.0	%	2011	​	558,900	​	Adidas, Armani, Bean Pole, Calvin Klein, Coach, Jill Stuart, Lanvin Collection, Marc Jacobs, Michael Kors, Nike, Polo Ralph Lauren, Puma, Tory Burch, Under Armour, Vivienne Westwood	​
​	​	​	​	​	​	​	​	​	​	Phase 3 - 2019	​	​	​	​	​
14.	​	Busan Premium Outlets	​	Busan	​	Fee	​	50.0	%	2013	​	360,200	​	Adidas, Armani, Bean Pole, Calvin Klein, Coach, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger	​
15.	​	Siehung Premium Outlets	​	Siehung	​	Fee	​	50.0	%	2017	​	444,400	​	Adidas, Armani, Bean Pole, Calvin Klein, Coach, Michael Kors, Nike, Polo Ralph Lauren, Salvatore Ferragamo, The North Face, Under Armour	​
​	​	Subtotal South Korea	​	​	​	​	​	​	​	​	​	1,915,100	​	​	​
​	​	MALAYSIA	​	​	​	​	​	​	​	​	​	​	​	​	​
16.	​	Johor Premium Outlets	​	Johor (Singapore)	​	Fee	​	50.0	%	2011	​	309,400	​	Adidas, Armani, Calvin Klein, Coach, DKNY, Furla, Gucci, Guess, Michael Kors, Nike, Polo Ralph Lauren, Prada, Puma, Salvatore Ferragamo, Timberland, Tommy Hilfiger, Tory Burch, Zegna	​
17.	​	Genting Highlands Premium Outlets	​	Kuala Lumpur	​	Fee	​	50.0	%	2017	​	277,500	​	Adidas, Coach, Furla, Kate Spade New York, Michael Kors, Padini, Polo Ralph Lauren, Puma	​
​	​	Subtotal Malaysia	​	​	​	​	​	​	​	​	​	586,900	​	​	​
​	​	CANADA	​	​	​	​	​	​	​	​	​	​	​	​	​
18.	​	Toronto Premium Outlets	​	Toronto (Ontario)	​	Fee	​	50.0	%	2013	​	504,900	​	Adidas, Armani, Burberry, Calvin Klein, Coach, Eddie Bauer, Gap, Gucci, Guess, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue, Tommy Hilfiger, Tory Burch, Under Armour	​
19.	​	Premium Outlets Montreal	​	Montreal (Quebec)	​	Fee	​	50.0	%	2014	​	367,400	​	Adidas, Calvin Klein, Coach, Gap, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Salvatore Ferragamo, The North Face, Tommy Hilfiger, Under Armour	​
20.	​	Premium Outlet Collection Edmonton International Airport	​	Edmonton (Alberta)	​	Ground Lease (2072)	​	50.0	%	2018	​	424,000	​	Adidas, Calvin Klein, Coach, Gap Factory, Kate Spade New York, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour	​
​	​	Subtotal Canada	​	​	​	​	​	​	​	​	​	1,296,300	​	​	​
​	​	TOTAL INTERNATIONAL PREMIUM OUTLETS			​	​	​	​	​	​	​	7,731,800	​	​	​

​

​

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)	​	Selected Tenants
​	​	INTERNATIONAL DESIGNER OUTLETS			​	​	​	​	​	​	​	​	​	​	​
​	​	AUSTRIA			​		​		​		​		​		​
1.	​	Parndorf Designer Outlet		Vienna	​	Fee	​	90.0	%	2005	​	118,000	​	Adidas, Armani, Bally, Burberry, Calvin Klein, Coach, Dolce & Gabbana, Furla, Geox, Gucci, Guess, Michael Kors, Moncler, Nike, Polo Ralph Lauren, Porsche Design, Prada, Tommy Hilfiger, Zegna	​
​	​	Subtotal Austria	​	​	​	​	​	​	​	​	​	118,000	​	​	​
​	​	ITALY	​	​	​	​	​	​	​	​	​	​	​	​	​
2.	​	La Reggia Designer Outlet Phases 1 & 2 (3)		Marcianise (Naples)	​	Fee	​	90.0	%	2010	​	288,000	​	Adidas, Armani, Calvin Klein, Coach, Liu Jo, Michael Kors, Nike, Pinko, Polo Ralph Lauren, Puma, Timberland, Tommy Hilfiger, Versace	​
3.	​	Noventa Di Piave Designer Outlet (2)		Venice	​	Fee	​	90.0	%	2008	​	353,000	​	Armani, Bally, Bottega Veneta, Burberry, Calvin Klein, Coach, Dolce & Gabanna, Fendi, Furla, Gucci, Loro Piana, Michael Kors, Nike, Pinko, Polo Ralph Lauren, Prada, Salvatore Ferragamo, Sergio Rossi,Tommy Hilfiger, Valentino, Versace, Zegna	​
​	​	​	​	​	​	​	​	​	​	Phase 5 - 2019	​	​	​	​	​
​	​	Subtotal Italy	​	​	​	​	​	​	​	​	​	641,000	​	​	​
​	​	NETHERLANDS	​	​	​	​	​	​	​	​	​	​	​	​	​
4.	​	Roermond Designer Outlet Phases 2 & 3		Roermond	​	Fee	​	90.0	%	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	​
5.	​	Roermond Designer Outlet Phase 4	​	Roermond	​	Fee	​	46.1	%	2017	​	125,000	​	Adidas, Karl Lagerfield, Liu Jo, Longchamp, Tag Heuer, Tom Tailor, Woolrich	​
6.	​	Roosendaal Designer Outlet	​	Roosendaal	​	Fee	​	94.0	%	2017	​	247,500	​	Adidas, Calvin Klein, Esprit, Guess, Nike, Puma, S. Oliver, Tommy Hilfiger	​
​	​	Subtotal Netherlands	​	​	​	​	​	​	​	​	​	545,500	​	​	​
​	​	UNITED KINGDOM	​	​	​	​	​	​	​	​	​	​	​	​	​
7.	​	Ashford Designer Outlet (2)		Kent	​	Fee	​	45.0	%	2000	​	281,000	​	Adidas, Bose, Calvin Klein, Clarks, Fossil, French Connection, Gap, Guess, Nike, Polo Ralph Lauren, Superdry, Tommy Hilfiger	​
​	​	​	​	​	​	​	​	​	​	Phase 2 - 2019	​	​	​	​	​
​	​	Subtotal England	​	​	​	​	​	​	​	​	​	281,000	​	​	​
​	​	CANADA	​	​	​	​	​	​	​	​	​	​	​	​	​
8.	​	Vancouver Designer Outlets (2)		Vancouver	​	Ground Lease (2072)	​	45.0	%	2015	​	326,000	​	Adidas, Armani, Calvin Klein, Coach, Gap, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour	​
​	​	​	​	​	​	​	​	​	​	Phase 2 - 2019	​	​	​	​	​
​	​	Subtotal Canada	​	​	​	​	​	​	​	​	​	326,000	​	​	​
​	​	GERMANY	​	​	​	​	​	​	​	​	​	​	​	​	​
9.	​	Ochtrup Designer Outlets	​	Ochtrup	​	Fee	​	70.5	%	2016	​	191,500	​	Adidas, Calvin Klein, Guess, Lindt, Nike, Puma, Samsonite, Schiesser, Seidensticker, Steiff, Tom Tailor, Vero Moda	​
​	​	Subtotal Germany	​	​	​	​	​	​	​	​	​	191,500	​	​	​
​	​	FRANCE	​	​	​	​	​	​	​	​	​	​	​	​	​
10.	​	Provence Designer Outlet	​	Miramas	​	Fee	​	90.0	%	2017	​	269,000	​	Armani, Furla, Guess, Michael Kors, Nike, Polo Ralph Lauren, Puma, Timberland, Tommy Hilfiger	​
​	​	Subtotal France	​	​	​	​	​	​	​	​	​	269,000	​	​	​
​	​	Total International Designer Outlets			​	​	​	​	​	​	​	2,372,000	​	​	​

FOOTNOTES:

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

(2)	Property completed an expansion in 2019.

(3)	Property is undergoing an expansion.

​

​

​

Land

We have direct or indirect ownership interests in approximately 240 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 373 million kWhs since 2003. This represents a 38% 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 period is 260,532 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 for employee commuting and business travel. Additional emission streams, such as emissions generated from solid waste management, use of refrigerants and tenants’ plug-load consumptions, are included 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 recognized by international organizations. Simon was awarded a Green Star ranking - the designation awarded for leadership in sustainability performance by the Global Real Estate Sustainability Benchmark (GRESB). In 2019, Simon participated in CDP’s annual climate change questionnaire and received a B score that represents results that are higher than the North America regional average of C, and higher than our sector average of C.

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, 2019

(Dollars in thousands)

​

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	Interest			​	Face			​	Annual Debt			​	Maturity
Property Name	​	Rate			​	Amount			​	Service (1)			​	Date
Consolidated Indebtedness:	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Secured Indebtedness:	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Arizona Mills		5.76	%	​	​	$	149,481	​	​	$	12,268	​	​	07/01/20	​
Battlefield Mall		3.95	%	​	​	​	115,043	​	​	​	7,118	​	​	09/01/22	​
Birch Run Premium Outlets		4.21	%	​	​	​	123,000	​	​	​	5,177	(2)	​	02/06/26	​
Calhoun Outlet Marketplace		4.17	%	​	​	​	18,311	(19)	​	​	1,140	​	​	06/01/26	​
Carolina Premium Outlets		3.36	%	​	​	​	42,982	​	​	​	2,675	​	​	12/01/22	​
Domain, The		5.44	%	​	​	​	180,735	​	​	​	14,085	​	​	08/01/21	​
Ellenton Premium Outlets		4.30	%	​	​	​	178,000	​	​	​	7,651	(2)	​	12/01/25	​
Empire Mall		4.31	%	​	​	​	186,948	​	​	​	8,065	(2)	​	12/01/25	​
Florida Keys Outlet Marketplace		4.17	%	​	​	​	17,000	​	​	​	709	(2)	​	12/01/25	​
Gaffney Outlet Marketplace		4.17	%	​	​	​	29,581	(19)	​	​	1,841	​	​	06/01/26	​
Grand Prairie Premium Outlets		3.66	%	​	​	​	111,607	​	​	​	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	%	​	​	​	259,455	​	​	​	15,736	​	​	10/01/26	​
Hagerstown Premium Outlets		4.26	%	​	​	​	74,655	​	​	​	4,550	​	​	02/06/26	​
Ingram Park Mall		5.38	%	​	​	​	125,225	​	​	​	9,746	​	​	06/01/21	​
La Reggia Designer Outlet Phases 1 & 2		2.25	%	(25)	​	​	141,001	(30)	​	​	7,620	​	​	02/15/22	​
Lee Premium Outlets		4.17	%	​	​	​	50,710	(19)	​	​	3,157	​	​	06/01/26	​
Merrimack Premium Outlets		3.78	%	​	​	​	119,120	​	​	​	7,247	​	​	07/01/23	​
Midland Park Mall		4.35	%	​	​	​	73,679	​	​	​	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, 4		1.95	%	​	​	​	313,701	(30)	​	​	6,108	(2)	​	07/25/25	​
Opry Mills		4.09	%	​	​	​	375,000	​	​	​	15,345	(2)	​	07/01/26	​
Outlets at Orange, The		4.22	%	​	​	​	215,000	​	​	​	9,067	(2)	​	04/01/24	​
Oxford Valley Mall		4.77	%	(18)	​	​	59,541	​	​	​	4,456	​	​	12/07/20	​
Parndorf Designer Outlet		2.00	%	​	​	​	207,487	(30)	​	​	4,150	(2)	​	07/04/29	​
Penn Square Mall		3.84	%	​	​	​	310,000	​	​	​	11,910	(2)	​	01/01/26	​
Phipps Plaza Hotel		3.51	%	​	​	​	25,000	​	​	​	878	(2)	​	10/25/26	​
Pismo Beach Premium Outlets		3.33	%	​	​	​	34,590	(20)	​	​	1,953	​	​	09/06/26	​
Plaza Carolina		2.86	%	(1)	​	​	225,000	​	​	​	6,441	(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		1.60	%	(33)	​	​	91,855	(30)	​	​	1,470	(2)	​	07/27/22	(3)
Puerto Rico Premium Outlets		2.86	%	(1)	​	​	160,000	​	​	​	4,580	(2)	​	07/26/21	​
Queenstown Premium Outlets		3.33	%	​	​	​	60,767	(20)	​	​	3,430	​	​	09/06/26	​
Roermond Designer Outlet		1.78	%	​	​	​	257,958	(30)	​	​	4,586	(2)	​	12/18/21	​
Roosendaal Designer Outlets		1.75	%	(24)	​	​	65,447	(30)	​	​	2,862	​	​	02/25/24	(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	%	​	​	​	141,377	​	​	​	8,713	​	​	04/01/23	​
Southridge Mall		3.85	%	​	​	​	114,458	​	​	​	7,036	​	​	06/06/23	​

Mortgage and Unsecured Debt

As of December 31, 2019

(Dollars in thousands)

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	Interest			​	Face			​	Annual Debt			​	Maturity
Property Name	​	Rate			​	Amount			​	Service (1)			​	Date
Summit Mall		3.31	%	​	​	​	85,000	​	​	​	2,817	(2)	​	10/01/26	​
The Crossings Premium Outlets		3.41	%	​	​	​	105,802	​	​	​	6,131	​	​	12/01/22	​
Town Center at Cobb		4.76	%	​	​	​	181,632	​	​	​	12,530	​	​	05/01/22	​
University Park Village		3.85	%	​	​	​	55,000	​	​	​	2,118	(2)	​	05/01/28	​
White Oaks Mall		4.51	%	(28)	​	​	47,548	​	​	​	3,509	​	​	06/01/23	(3)
Williamsburg Premium Outlets		4.23	%	​	​	​	185,000	​	​	​	7,824	(2)	​	02/06/26	​
Wolfchase Galleria	​	4.15	%	​	​	​	156,170	​	​	​	9,620	​	​	11/01/26	​
Total Consolidated Secured Indebtedness	​	​	​	​	​	$	6,920,866	​	​	​	​	​	​	​	​
Unsecured Indebtedness:	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Simon Property Group, L.P.		​	​	​	​	​	​	​	​	​	​	​	​	​	​
Global Commercial Paper - Euro		(0.38)	%	​	​	$	269,175	​	​	$	(1,023)	(2)	​	01/17/20	​
Global Commercial Paper - USD		1.72	%	(16)	​	​	1,057,875	​	​		18,195	(2)	​	03/06/20	​
Credit Facility - USD		2.54	%	(15)	​	​	125,000	​	​		3,175	(2)	​	06/30/22	(3)
Unsecured Notes - 22C		6.75	%	​	​	​	600,000	​	​		40,500	(14)	​	02/01/40	​
Unsecured Notes - 25C		4.75	%	​	​	​	550,000	​	​		26,125	(14)	​	03/15/42	​
Unsecured Notes - 26B		2.75	%	​	​	​	500,000	​	​		13,750	(14)	​	02/01/23	​
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 - 34A		2.00	%	​	​	​	1,000,000	​	​		20,000	(14)	​	09/13/24	​
Unsecured Notes - 34B		2.45	%	​	​	​	1,250,000	​	​		30,625	(14)	​	09/13/29	​
Unsecured Notes - 34C		3.25	%	​	​	​	1,250,000	​	​		40,625	(14)	​	09/13/49	​
Unsecured Notes - Euro 1		2.38	%	​	​	​	420,587	(8)	​		9,989	(6)	​	10/02/20	​
Unsecured Notes - Euro 2		1.38	%	​	​	​	841,172	(13)	​		11,566	(6)	​	11/18/22	​
Unsecured Notes - Euro 3	​	1.25	%	​	​	​	560,781	(10)	​	​	7,010	(6)	​	05/13/25	​
Total Consolidated Unsecured Indebtedness	​	​	​	​	​	$	17,324,590	​	​	​	​	​	​	​	​
Total Consolidated Indebtedness at Face Amounts	​	​	​	​	​	$	24,245,456	​	​	​	​	​	​	​	​
Premium on Indebtedness	​	​	​	​	​		6,775	​	​	​	​	​	​	​	​
Discount on Indebtedness	​	​	​	​	​		(54,976)	​	​	​	​	​	​	​	​
Debt Issuance Costs	​	​	​	​	​		(101,280)	​	​	​	​	​	​	​	​
Other Debt Obligations	​	​	​	​	​		67,255	(35)	​	​	​	​	​	​	​
Total Consolidated Indebtedness	​	​	​	​	​	$	24,163,230	​	​	​	​	​	​	​	​
Our Share of Consolidated Indebtedness	​	​	​	​	​	$	23,988,186	​	​	​	​	​	​	​	​

Mortgage and Unsecured Debt

As of December 31, 2019

(Dollars in thousands)

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	Interest			​	Face			​	Annual Debt			​	Maturity
Property Name	​	Rate			​	Amount			​	Service (1)			​	Date
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Joint Venture Indebtedness:	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Secured Indebtedness:		​	​	​	​	​	​	​	​	​	​	​	​	​	​
Ami Premium Outlets		1.75	%	​	​	$	41,219	(26)	​	$	8,611	​	​	09/25/23	​
Arundel Mills		4.29	%	​	​		383,500	​	​		16,444	(2)	​	02/06/24	​
Ashford Designer Outlet		3.06	%	(27)	​		125,007	(21)	​		3,830	(2)	​	02/22/22	​
Auburn Mall		6.02	%	​	​		36,253	​	​		3,027	​	​	09/01/20	​
Aventura Mall		4.12	%	​	​		1,750,000	​	​		72,122	(2)	​	07/01/28	​
Avenues, The		3.60	%	​	​		110,000	​	​		3,960	(2)	​	02/06/23	​
Bangkok Premium Outlets		3.95	%	​	​		47,573	(11)	​		1,879	(2)	​	06/05/31	​
Briarwood Mall		3.29	%	​	​		165,000	​	​		5,432	(2)	​	09/01/26	​
Busan Premium Outlets		3.24	%	​	​		95,632	(17)	​		3,100	(2)	​	03/13/22	​
Cape Cod Mall	​	5.75	%	​	​	​	86,725	​	​	​	7,003	​	​	03/06/21	​
Charlotte Premium Outlets		4.27	%	​	​		100,000	​	​		4,270	(2)	​	07/01/28	​
Circle Centre		4.51	%	(1)	​		64,000	​	​		4,278	​	​	12/06/24	​
Clarksburg Premium Outlets		3.95	%	​	​		160,000	​	​		6,320	(2)	​	01/01/28	​
Coconut Point		3.95	%	​	​		186,178	​	​		10,823	​	​	10/01/26	​
Colorado Mills - 1		4.28	%	​	​		131,303	​	​		8,059	​	​	11/01/24	​
Colorado Mills - 2		5.04	%	​	​		25,595	​	​		1,811	​	​	07/01/21	​
Concord Mills		3.84	%	​	​		235,000	​	​		9,015	(2)	​	11/01/22	​
Crystal Mall		4.46	%	​	​		85,964	​	​		5,749	​	​	06/06/22	​
Dadeland Mall		4.50	%	​	​		401,123	​	​		27,361	​	​	12/05/21	​
Del Amo Fashion Center		3.66	%	​	​		585,000	​	​		21,396	(2)	​	06/01/27	​
Domain Westin		4.12	%	​	​		64,700	​	​		4,069	​	​	09/01/25	​
Dover Mall		5.57	%	​	​		81,889	​	​		6,455	​	​	08/06/21	​
Emerald Square Mall		4.71	%	​	​		100,359	​	​		7,165	​	​	08/11/22	​
Falls, The		3.45	%	​	​		150,000	​	​		5,175	(2)	​	09/01/26	​
Fashion Centre Pentagon Office		5.11	%	​	​		40,000	​	​		2,043	(2)	​	07/01/21	​
Fashion Centre Pentagon Retail		4.87	%	​	​		410,000	​	​		19,957	(2)	​	07/01/21	​
Fashion Valley		4.30	%	​	​		421,835	​	​		28,208	​	​	01/04/21	​
Florida Mall, The		5.25	%	​	​		313,702	​	​		24,849	​	​	09/05/20	​
Galleria, The		3.55	%	​	​		1,200,000	​	​		42,598	(2)	​	03/01/25	​
Genting Highland Premium Outlets		5.27	%	(7)	​		27,803	(9)	​		1,465	(2)	​	02/14/24	​
Gloucester Premium Outlets		3.26	%	(1)	​		86,000	​	​		2,806	(2)	​	03/01/23	(3)
Gotemba Premium Outlets	​	0.30	%	​	​	​	64,434	​	​	​	190	​	​	10/31/26	​
Grapevine Mills		3.83	%	​	​		268,000	​	​		10,272	(2)	​	10/01/24	​
Hamilton Town Center		4.81	%	​	​	​	77,754	​	​	​	5,293	​	​	04/01/22	​
Katy Mills		3.49	%	​	​	​	140,000	​	​	​	4,886	(2)	​	12/06/22	​
Kobe-Sanda Premium Outlets		0.44	%	(12)	​	​	30,597	(26)	​	​	133	​	​	01/31/23	​
Lehigh Valley Mall		4.06	%	​	​		192,800	​	​		11,536	​	​	11/01/27	​
Liberty Tree Mall		3.41	%	​	​		30,178	​	​		1,866	​	​	05/06/23	​
Malaga Designer Outlet		2.75	%	(22)	​		48,900	​	​		1,345	(2)	​	02/09/23	​
Mall at Rockingham Park, The		4.04	%	​	​		262,000	​	​		10,585	(2)	​	06/01/26	​
Mall at Tuttle Crossing, The		3.56	%	​	​		116,335	​	​		6,789	​	​	05/01/23	​

Mortgage and Unsecured Debt

As of December 31, 2019

(Dollars in thousands)

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	Interest			​	Face			​	Annual Debt			​	Maturity
Property Name	​	Rate			​	Amount			​	Service (1)			​	Date
Mall of New Hampshire, The		4.11	%	​	​		150,000	​	​		6,162	(2)	​	07/01/25	​
Meadowood Mall		5.82	%	​	​		110,119	​	​		8,818	​	​	11/06/21	​
Miami International Mall		4.42	%	​	​		160,000	​	​		7,072	(2)	​	02/06/24	​
Northshore Mall		3.30	%	​	​		236,627	​	​		14,453	​	​	07/05/23	​
Ochtrup Designer Outlet		2.49	%	(27)	​		43,079	(30)	​		2,620	​	​	06/30/21	​
Ontario Mills		4.25	%	​	​		296,997	​	​		20,661	​	​	03/05/22	​
Paju Premium Outlets		3.40	%	​	​		67,938	(17)	​		2,308	​	​	07/13/23	​
Premium Outlet Collection Edmonton IA		3.38	%	(4)	​		101,713	(5)	​		3,435	(2)	​	11/10/21	(3)
Premium Outlets Montréal		3.08	%	​	​		92,188	(5)	​		2,840	(2)	​	06/01/24	​
Quaker Bridge Mall		4.50	%	​	​		180,000	​	​		8,100	(2)	​	05/01/26	​
Querétaro Premium Outlets - Fixed		10.53	%	(23)	​		23,797	(32)	​		2,440	(3)	​	12/20/33	​
Querétaro Premium Outlets - Variable		10.31	%	​	​		7,404	(32)	​		763	(2)	​	12/20/21	​
Rinku Premium Outlets	​	0.33	%	(12)	​	​	9,205	(26)	​	​	30	(2)	​	07/31/22	​
Roermond 4 Designer Outlet		1.30	%	(34)	​		188,422	(30)	​		2,449	(2)	​	08/17/25	​
Roosevelt Field Hotel		4.86	%	(1)	​		22,827	​	​		1,110	(2)	​	01/12/23	​
Sano Premium Outlets		0.28	%	​	​		41,882	(26)	​		118	(2)	​	02/28/25	​
Sawgrass Mills Hotel		4.71	%	​	​		328	​	​		15	(2)	​	06/07/24	(3)
Shisui Premium Outlets Phase 1		0.31	%	(12)	​		25,774	(26)	​		80	(2)	​	05/31/23	​
Shisui Premium Outlets Phase 2		0.35	%	​	​		46,024	(26)	​		161	(2)	​	05/29/22	​
Shisui Premium Outlets Phase 3		0.31	%	(12)	​		23,933	(26)	​		75	(2)	​	11/30/23	​
Shops at Clearfork, The		3.51	%	(1)	​		179,991	​	​		6,322	(2)	​	03/18/21	(3)
Shops at Crystals, The		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	%	​	​		129,817	(17)	​		4,258	(2)	​	03/15/23	​
Silver Sands Premium Outlets		3.93	%	​	​		100,000	​	​		3,930	(2)	​	06/01/22	​
Smith Haven Mall		2.96	%	(1)	​		180,000	​	​		5,333	(2)	​	05/29/20	​
Solomon Pond Mall		4.01	%	​	​		94,954	​	​		6,309	​	​	11/01/22	​
Southdale Hotel		3.76	%	​	​		17,000	​	​		640	(2)	​	06/01/22	​
Southdale Residential		4.46	%	​	​		38,760	​	​		2,530	​	​	10/15/35	​
Springfield Mall		4.45	%	​	​		60,452	​	​		3,928	​	​	10/06/25	​
Square One Mall		5.47	%	​	​		87,692	​	​		6,793	​	​	01/06/22	​
St. Johns Town Center		3.82	%	​	​		350,000	​	​		13,367	(2)	​	09/11/24	​
St. Louis Premium Outlets		4.06	%	​	​		94,740	​	​		3,847	(2)	​	10/06/24	​
Stoneridge Shopping Center		3.50	%	​	​		330,000	​	​		11,550	(2)	​	09/05/26	​
Tanger Outlets Columbus		3.41	%	(1)	​		85,000	​	​		2,901	(2)	​	11/28/21	(3)
Tanger Outlets - Galveston/Houston		3.41	%	(1)	​		80,000	​	​		2,730	(2)	​	07/01/22	​
Toki Premium Outlets - Fixed		0.35	%	​	​		27,362	(26)	​		94	(2)	​	11/30/24	​
Toki Premium Outlets - Variable		0.30	%	(12)	​		5,981	(26)	​		18	(2)	​	05/31/20	​
Toronto Premium Outlets		3.11	%	​	​		130,600	(5)	​		4,056	(2)	​	06/01/22	​
Toronto Premium Outlets II		3.28	%	(4)	​		87,579	(5)	​		2,870	(2)	​	05/24/22	(3)
Tosu Premium Outlets		0.18	%	(12)	​		67,656	(26)	​		122	(2)	​	10/31/26	​
Twin Cities Premium Outlets		4.32	%	​	​		115,000	​	​		4,968	(2)	​	11/06/24	​
Vancouver Designer Outlet		3.63	%	(4)	​		111,048	(5)	​		4,028	(2)	​	06/19/21	(3)
West Midlands Designer Outlets	​	4.44	%	​	​		34,151	​	​		1,517	​	​	02/27/23	​

Mortgage and Unsecured Debt

As of December 31, 2019

(Dollars in thousands)

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	Interest			​	Face			​	Annual Debt			​	Maturity
Property Name	​	Rate			​	Amount			​	Service (1)			​	Date
West Town Mall	​	4.37	%	​	​		210,000	​	​		9,177	(2)	​	07/01/22	​
Westchester, The	​	6.00	%	​	​		317,163	​	​		26,980	​	​	05/05/20	​
Woodfield Mall	​	4.50	%	​	​		405,378	​	​	​	25,841	​	​	03/05/24	​
Yeoju Premium Outlets	​	3.45	%	​	​		71,832	(17)	​	​	2,478	(2)	​	09/28/21	​
Total Joint Venture Secured Indebtedness at Face Value	​	​	​	​	​	​	15,027,772	​	​	​	​	​	​	​	​
TMLP Indebtedness at Face Value	​	​	​	​	​		399,842	(29)	​	​	​	​	​	​	​
Total Joint Venture and TMLP Indebtedness at Face Value	​	​	​	​	​		15,427,614		​	​	​	​	​	​	​
Debt Issuance Costs	​	​	​	​	​		(35,833)	​	​	​	​	​	​	​	​
Total Joint Venture Indebtedness	​	​	​	​	​	$	15,391,781		​	​	​	​	​	​	​
Our Share of Joint Venture Indebtedness	​	​	​	​	​	$	7,214,181	(31)	​	​	​	​	​	​	​

(1)	Variable rate loans based on one-month (1M) LIBOR plus interest rate spreads ranging from 77.5 bps to 310 bps. 1M LIBOR as of December 31, 2019 was 1.76%. Requires monthly payment of interest only.

(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 155 bps. 1M CDOR at December 31, 2019 was 2.08%.

(5)	Amount shown in USD equivalent. CAD equivalent is 681.0 million.

(6)	Requires annual payment of interest only.

(7)	Variable rate loans based on Cost of Fund plus interest rate spreads ranging from 150 bps of 175 bps. Cost of Fund as of December 31, 2019 was 3.52%.

(8)	Amount shown in USD equivalent. Euro equivalent is 375.0 million.

(9)	Amount shown in USD equivalent. Ringgit equivalent is 113.6 million.

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

(11)	Amount shown in USD equivalent. Baht equivalent is 1.4 billion.

(12)	Variable rate loans based on six-month (6M) TIBOR plus interest rate spreads ranging from 17.5 bps to 35 bps. As of December 31, 2019, 6M TIBOR was 0.13%.

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

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

(15)

$4.0 Billion Credit Facility. As of December 31, 2019, the Credit Facility - USD Currency bears interest at 1M LIBOR + 77.5 bps, the Credit Facility - Yen Currency bears interest at 1M Yen LIBOR + 77.5 bps and the Credit Facility - Euro Currency bears interest at 1M EURO LIBOR + 77.5 bps. The Credit Facilities provide for different pricing based upon our investment grade rating. No borrowings under the $3.5 Billion Supplemental Facility were outstanding at December 31, 2019. As of December 31, 2019, $6.0 billion was available after outstanding borrowings and letters of credit under our Credit Facilities.

(16)	Reflects the weighted average maturity date and weighted average interest rate of all outstanding tranches of commercial paper at December 31, 2019.

(17)	Amount shown in USD equivalent. Won equivalent is 422.0 billion.

(18)	The mortgage on Oxford Valley is also secured by Lincoln Plaza.

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

Mortgage and Unsecured Debt

As of December 31, 2019

(Dollars in thousands)

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

(21)	Amount shown in USD equivalent. GBP equivalent is 94.8 million.

(22)	Variable rate loan based on three-month (3M) EURIBOR, which is subject to a floor of 0.00%, plus an interest rate spread of 275 bps.

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

(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 225 bps. Through an interest rate floor agreement, 3M EURIBOR is currently fixed at 0.00%.

(26)	Amount shown in USD equivalent. Yen equivalent is 41.7 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.

(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 2021 and 2024.

(30)	Amount shown in USD equivalent. Euro equivalent is 1.2 billion.

(31)

Our share of total indebtedness includes a pro rata share of the mortgage debt on joint venture properties, including properties owned by TMLP. To the extent total indebtedness is secured by a property, it is non-recourse to us, with the exception of approximately $214.8 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)	Amount shown in USD equivalent. Peso equivalent is 590.0 million.

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

(34)	Variable rate loan based on 3M EURIBOR plus an interest rate spread of 130 bps. Through an interest rate floor agreement, 3M EURIBOR is currently fixed at 0.00%. Also, 3M EURIBOR is capped at 1.30%.

(35)	City of Sunrise Bond Liability (Sawgrass Mills)

Mortgage and Unsecured Debt

As of December 31, 2019

(Dollars in thousands)

The changes in consolidated mortgages and unsecured indebtedness for the years ended December 31, 2019, 2018 and 2017 are as follows:

​	​	​	​	​	​	​	​	​	​	​
​		2019			2018			2017
Balance, Beginning of Year	​	$	23,305,535	​	$	24,632,463	​	$	22,977,104	​
Additions during period:	​	​	​	​	​	​	​	​	​	​
New Loan Originations	​		13,355,809	​		7,980,569	​		11,764,046	​
Loans assumed in acquisitions and consolidation	​		21,001	​		215,000	​		42,266	​
Net (Discount)/Premium	​		(16,903)	​		301	​		(11,636)	​
Net Debt Issuance Costs	​	​	(23,505)	​	​	(6,885)	​	​	(34,606)	​
Deductions during period:	​	​	​	​	​	​	​	​	​	​
Loan Retirements	​		(12,366,951)	​		(9,340,861)	​		(10,466,033)	​
Amortization of Net Discounts/(Premiums)	​		(758)	​		1,618	​		1,357	​
Debt Issuance Cost Amortization	​	​	18,400	​	​	21,445	​	​	21,709	​
Scheduled Principal Amortization	​		(58,419)	​		(54,624)	​		(46,232)	​
Foreign Currency Translation	​	​	(70,979)	​	​	(143,490)	​	​	384,488	​
Balance, Close of Year	​	$	24,163,230	​	$	23,305,535	​	$	24,632,463	​

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