Item 16. Form 10-K Summary

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Item 16. Form 10-K Summary

None.

EXHI****BIT INDEX


Exhibits
2.1		Separation and Distribution Agreement by and among Simon Property Group, Inc., Simon Property Group, L.P., Washington Prime Group Inc. and Washington Prime Group, L.P., dated as of May 27, 2014 (incorporated by reference to Exhibit 2.1 of the Registrant’s Current Report on Form 8-K filed May 29, 2014).

2.2		Amended and Restated Agreement and Plan of Merger, dated as of November 14, 2020, by and among the Taubman Parties and the Simon Parties (incorporated by reference to exhibit 2.1 of Simon Property Group Inc.’s and Simon Property Group L.P.’s Current Report on Form 8-K filed on November 16, 2020).

3.1		Restated Certificate of Incorporation of Simon Property Group, Inc. (incorporated by reference to Appendix A of Simon Property Group, Inc.’s Proxy Statement on Schedule 14A filed March 27, 2009).

3.2		Amended and Restated By-Laws of Simon Property Group, Inc. as adopted on March 20, 2017 (incorporated by reference to Exhibit 3.1 of Simon Property Group, Inc.’s Current Report on Form 8-K filed March 24, 2017).

3.3		Certificate of Powers, Designations, Preferences and Rights of the 83/8% Series J Cumulative Redeemable Preferred Stock, $0.0001 Par Value (incorporated by reference to Exhibit 3.2 of Simon Property Group, Inc.’s Current Report on Form 8-K filed October 20, 2004).

3.4		Certificate of Designation of Series A Junior Participating Redeemable Preferred Stock (incorporated by reference to Exhibit 3.1 of Simon Property Group, Inc.’s Current Report on Form 8-K filed May 15, 2014).

3.5		Second Amended and Restated Certificate of Limited Partnership of the Limited Partnership (incorporated by reference to Exhibit 3.1 of Simon Property Group, L.P.'s Annual Report on Form 10-K filed March 31, 2003).

3.6		Eighth Amended and Restated Limited Partnership Agreement of Simon Property Group, L.P. dated as of May 8, 2008 (incorporated by reference to Exhibit 10.1 of Simon Property Group, Inc.’s Current Report on Form 8-K filed May 9, 2008).

3.7		Certificate of Designation of Series B Junior Participating Redeemable Preferred Units of Simon Property Group, L.P. (incorporated by reference to Exhibit 3.1 of Simon Property Group, L.P.'s Quarterly Report on Form 10-Q filed August 8, 2014).

3.8		Agreement between Simon Property Group, Inc. and Simon Property Group, L.P. dated March 7, 2007, but effective as of August 27, 1999, regarding a prior agreement filed under an exhibit 99.1 to Form S-3/A of Simon Property Group, L.P. on November 20, 1996 (incorporated by reference to Exhibit 3.4 of Simon Property Group, L.P.'s Annual Report on Form 10-K filed March 16, 2007).

3.9		Agreement between Simon Property Group, Inc. and Simon Property Group, L.P. dated April 29, 2009, but effective as of October 14, 2004, regarding redemption of the Registrant's Series I Preferred Units (incorporated by reference to Exhibit 3.2 of Simon Property Group, L.P.'s Quarterly Report on Form 10-Q filed May 8, 2009).

4.1	(a)	Indenture, dated as of November 26, 1996, by and among Simon Property Group, L.P. and The Chase Manhattan Bank, as trustee (incorporated by reference to Exhibit 4.1 of Simon Property Group, L.P.'s Registration Statement on Form S-3 filed October 21, 1996 (Reg. No. 333-11491)).

4.2		Description of Each Registrant’s Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934.

9.1		Second Amended and Restated Voting Trust Agreement, Voting Agreement and Proxy dated as of March 1, 2004 between Melvin Simon & Associates, Inc., on the one hand and Melvin Simon, Herbert Simon and David Simon on the other hand (incorporated by reference to Exhibit 9.1 of Simon Property Group, Inc.’s Quarterly Report on Form 10-Q filed May 10, 2004).

9.2		Voting Trust Agreement, Voting Agreement and Proxy dated as of March 1, 2004 between David Simon, Melvin Simon and Herbert Simon (incorporated by reference to Exhibit 9.2 of Simon Property Group, Inc.’s Quarterly Report on Form 10-Q filed May 10, 2004).


Exhibits
10.1		Form of the Indemnity Agreement between Simon Property Group, Inc. and its directors and officers (incorporated by reference to Exhibit 10.7 of Simon Property Group, Inc.’s Form S-4 filed August 13, 1998 (Reg. No. 333-61399)).

10.2		Registration Rights Agreement, dated as of September 24, 1998, by and among Simon Property Group, Inc. and the persons named therein (incorporated by reference to Exhibit 4.4 of Simon Property Group, Inc.’s Current Report on Form 8-K filed October 9, 1998).

10.3		Registration Rights Agreement, dated as of August 27, 1999, by and among Simon Property Group, Inc. and the persons named therein (incorporated by reference to Exhibit 4.4 of the Registration Statement on Form S-3 filed March 24, 2004 (Reg. No. 333-113884)).

10.4		Registration Rights Agreement, dated as of November 14, 1997, by and between O’Connor Retail Partners, L.P. and Simon DeBartolo Group, Inc. (incorporated by reference to Exhibit 4.8 of the Registration Statement on Form S-3 filed December 7, 2001 (Reg. No. 333-74722)).

10.5*		Simon Property Group, L.P. Amended and Restated 1998 Stock Incentive Plan (incorporated by reference to Exhibit 10.1 of Simon Property Group, Inc.’s Current Report on Form 8-K filed April 10, 2014).

10.6*		Form of Nonqualified Stock Option Award Agreement under the Simon Property Group, L.P. 1998 Stock Incentive Plan (incorporated by reference to Exhibit 10.8 of Simon Property Group, Inc.’s Annual Report on Form 10-K filed March 16, 2005).

10.7*		Form of Performance-Based Restricted Stock Award Agreement under the Simon Property Group, L.P. 1998 Stock Incentive Plan (incorporated by reference to Exhibit 10.9 of Simon Property Group, Inc.’s Annual Report on Form 10-K filed February 28, 2007).

10.8*		Form of Non-Employee Director Restricted Stock Award Agreement under the Simon Property Group, L.P. 1998 Stock Incentive Plan (incorporated by reference to Exhibit 10.10 of Simon Property Group, Inc.’s Annual Report on Form 10-K filed March 16, 2005).

10.9*		Employment Agreement between Simon Property Group, Inc. and David Simon effective as of July 6, 2011 (incorporated by reference to Exhibit 10.2 of Simon Property Group, Inc.’s Current Report on Form 8-K filed July 7, 2011).

10.10*		First Amendment to Employment Agreement between Simon Property Group, Inc. and David Simon, dated as of March 29, 2013 (incorporated by reference to Exhibit 10.1 of Simon Property Group, Inc.’s Current Report on Form 8-K filed April 4, 2013).

10.11*		Non-Qualified Deferred Compensation Plan dated as of December 31, 2008 (incorporated by reference to Exhibit 10.1 of Simon Property Group, Inc.’s Quarterly Report on Form 10-Q filed November 5, 2009).

10.12*		Amendment — 2008 Performance Based-Restricted Stock Agreement dated as of March 6, 2009 (incorporated by reference to Exhibit 10.2 of Simon Property Group, Inc.’s Quarterly Report on Form 10-Q filed November 5, 2009).

10.13*		Certificate of Designation of Series 2010 LTIP Units of Simon Property Group, L.P. (incorporated by reference to Exhibit 10.4 of Simon Property Group, Inc.'s Current Report on Form 8-K filed March 19, 2010).

10.14*		Form of Series 2010 LTIP Unit (Three Year Program) Award Agreement under the Simon Property Group, L.P. 1998 Stock Incentive Plan (incorporated by reference to Exhibit 10.1 of Simon Property Group, Inc.’s Current Report on Form 8-K filed March 19, 2010).

10.15*		Form of Series 2010 LTIP Unit (Two Year Program) Award Agreement under the Simon Property Group, L.P. 1998 Stock Incentive Plan (incorporated by reference to Exhibit 10.2 of Simon Property Group, Inc.’s Current Report on Form 8-K filed March 19, 2010).

10.16*		Form of Series 2010 LTIP Unit (One Year Program) Award Agreement under the Simon Property Group, L.P. 1998 Stock Incentive Plan (incorporated by reference to Exhibit 10.3 of Simon Property Group, Inc.’s Current Report on Form 8-K filed March 19, 2010).


Exhibits
10.17*		Certificate of Designation of Series CEO LTIP Units of Simon Property Group, L.P. (incorporated by reference to Exhibit 10.3 of Simon Property Group, Inc.'s Current Report on Form 8-K filed July 7, 2011).

10.18*		Simon Property Group Series CEO LTIP Unit Award Agreement (incorporated by reference to Exhibit 10.4 of Simon Property Group, Inc.’s Current Report on Form 8-K filed July 7, 2011).

10.19*		First Amendment to Simon Property Group Series CEO LTIP Unit Award Agreement dated as of December 22, 2011 (incorporated by reference to Exhibit 10.24 of Simon Property Group, Inc.’s Annual Report on Form 10-K filed February 28, 2012).

10.20*		Second Amendment to Simon Property Group Series CEO LTIP Unit Award Agreement, dated as of March 29, 2013 (incorporated by reference to Exhibit 10.2 of Simon Property Group, Inc.’s Current Report on Form 8-K filed April 4, 2013).

10.21*		Simon Property Group Amended and Restated Series CEO LTIP Unit Award Agreement, dated as of December 31, 2013 (incorporated by reference to Exhibit 10.1 of Simon Property Group, Inc.’s Current Report on Form 8-K filed January 2, 2014).
10.22*		Certificate of Designation of Series 2011 LTIP Units of Simon Property Group, L.P. (incorporated by reference to Exhibit 10.5 of Simon Property Group, Inc.'s Current Report on Form 8-K filed July 7, 2011).

10.23*		Form of Simon Property Group Series 2011 LTIP Unit Award Agreement (incorporated by reference to Exhibit 10.6 of Simon Property Group, Inc.’s Current Report on Form 8-K filed July 7, 2011).

10.24*		Certificate of Designation of Series 2012 LTIP Units of Simon Property Group, L.P. (incorporated by reference to Exhibit 10.2 of Simon Property Group, L.P.'s Quarterly Report on Form 10-Q filed May 11, 2012).

10.25*		Amended and Restated Certificate of Designation of Series 2012 LTIP Units of Simon Property Group, L.P. (incorporated by reference to Exhibit 10.5 of Simon Property Group, L.P.'s Quarterly Report on Form 10-Q filed May 7, 2014).

10.26*		Form of Simon Property Group Series 2012 LTIP Unit Award Agreement (incorporated by reference to Exhibit 10.1 of Simon Property Group, Inc.’s Quarterly Report on Form 10-Q filed May 8, 2012).

10.27*		Simon Property Group Amended and Restated Series 2012 LTIP Unit Award Agreement (incorporated by reference to Exhibit 10.1 of Simon Property Group, Inc.’s Current Report on Form 8-K filed April 28, 2014).

10.28*		Certificate of Designation of Series 2013 LTIP Units of Simon Property Group, L.P. (incorporated by reference to Exhibit 10.2 of Simon Property Group, L.P.'s Quarterly Report on Form 10-Q filed May 10, 2013).

10.29*		Form of Simon Property Group Series 2013 LTIP Unit Award Agreement (incorporated by reference to Exhibit 10.3 of Simon Property Group, Inc.’s Current Report on Form 8-K filed April 4, 2013).

10.30*		Form of Simon Property Group Executive Officer LTIP Waiver, dated April 18, 2014 (incorporated by reference to Exhibit 10.2 of Simon Property Group, Inc.’s Current Report on Form 8-K filed April 28, 2014).

10.31*		Simon Property Group CEO LTIP Unit Adjustment Waiver, dated April 18, 2014 (incorporated by reference to Exhibit 10.3 of Simon Property Group, Inc.’s Current Report on Form 8-K filed April 28, 2014).

10.32*		Form of Simon Property Group Series 2014 LTIP Unit Award Agreement (incorporated by reference to Exhibit 10.2 of Simon Property Group, Inc.’s Quarterly Report on Form 10-Q filed May 7, 2014).

10.33*		Certificate of Designation of Series 2014 LTIP Units of Simon Property Group, L.P. (incorporated by reference to Exhibit 10.3 of Simon Property Group, L.P.'s Quarterly Report on Form 10-Q filed May 7, 2014).

10.34		Amended and Restated $2,750,000,000 Credit Agreement dated as of March 2, 2015 (incorporated by reference to Exhibit 10.1 of Simon Property Group, L.P.’s Current Report on Form 8-K filed March 3, 2015).


Exhibits
10.35*		Form of Simon Property Group Series 2015 LTIP Unit Award Agreement (incorporated by reference to Exhibit 10.3 of Simon Property Group, Inc.’s Quarterly Report on Form 10-Q/A for the quarter ended March 31, 2015 filed on January 13, 2016).

10.36*		Certificate of Designation of Series 2015 LTIP Units of Simon Property Group, L.P. (incorporated by reference to Exhibit 10.4 of Simon Property Group, L.P.'s Quarterly Report on Form 10-Q/A for the quarter ended March 31, 2015 filed on January 13, 2016).

10.37*		Form of Simon Property Group Series 2016 LTIP Unit Award Agreement (incorporated by reference to Exhibit 10.1 of Simon Property Group, Inc.’s and Simon Property Group, L.P.’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2016 filed on May 5, 2016).

10.38*		Form of Certificate of Designation of Series 2016 LTIP Units of Simon Property Group, L.P. (incorporated by reference to Exhibit 10.2 of Simon Property Group, Inc.’s and Simon Property Group, L.P.’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2016 filed on May 5, 2016).

10.39		Amendment No. 1 to Amended and Restated Credit Agreement, dated as of April 6, 2016 (incorporated by reference to Exhibit 10.1 of Simon Property Group, L.P.’s Current Report on Form 8-K filed April 7, 2016).

10.40		Amended and Restated $4,000,000,000 Credit Agreement, dated as of March 17, 2017 (incorporated by reference to Exhibit 99.2 of Simon Property Group, L.P.’s Current Report on Form 8-K filed March 20, 2017).

10.41		Amended and Restated $3,500,000,000 Credit Agreement, dated as of February 15, 2018 (incorporated by reference to Exhibit 99.2 of Simon Property Group, L.P.’s Current Report on Form 8-K filed February 15, 2018).

10.42*		Form of Simon Property Group Series 2018 LTIP Unit Award Agreement (incorporated by reference to Exhibit 10.1 of Simon Property Group, Inc.’s and Simon Property Group, L.P.’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2018 filed on May 3, 2018).

10.43*		Form of Certificate of Designation of Series 2018 LTIP Units of Simon Property Group, L.P. (incorporated by reference to Exhibit 10.2 of Simon Property Group, Inc.’s and Simon Property Group, L.P.’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2018 filed on May 3, 2018).

10.44*		Simon Property Group, L.P. 2019 Stock Incentive Plan (incorporated by reference to Exhibit 10.1 of Simon Property Group, Inc.’s Current Report on Form 8-K filed May 8, 2019).

10.45*		Form of Simon Property Group Series 2019 LTIP Unit Award Agreement (incorporated by reference to Exhibit 10.2 of Simon Property Group, Inc.’s and Simon Property Group, L.P.’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2019 filed on August 7, 2019).

10.46*		Form of Certificate of Designation of Series 2019 LTIP Units of Simon Property Group, L.P. (incorporated by reference to Exhibit 10.3 of Simon Property Group, Inc.’s and Simon Property Group, L.P.’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2019 filed on August 7, 2019).

10.47		Second Amended and Restated $6,000,000,000 Credit Agreement, dated as of March 16, 2020 (incorporated by reference to Exhibit 99.2 of Simon Property Group Inc.’s and Simon Property Group, L.P.’s Current Report on Form 8-K filed March 16, 2020).

10.48*		Form of Restricted Stock Unit Agreement under Simon Property Group, L.P. 2019 Stock Incentive Plan.

21.1		List of Subsidiaries of Simon Property Group Inc. and Simon Property Group, L.P.

23.1		Simon Property Group, Inc. — Consent of Ernst & Young LLP.

23.2		Simon Property Group, L.P. — Consent of Ernst & Young LLP.

31.1		Simon Property Group, Inc. — Certification by the Chief Executive Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.


Exhibits
31.2		Simon Property Group, Inc. — Certification by the Chief Financial Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.3		Simon Property Group, L.P. — Certification by the Chief Executive Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.4		Simon Property Group, L.P. — Certification by the Chief Financial Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1		Simon Property Group, Inc. — Certification by the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2		Simon Property Group, L.P. — Certification by the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101.INS		XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

101.SCH		Inline XBRL Taxonomy Extension Schema Document

101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document

101.LAB		Inline XBRL Taxonomy Extension Label Linkbase Document

101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document

101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document

104		Cover Page Interactive File (formatted as Inline XBRL and contained in Exhibit 101)

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

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

SIGNATURES

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


	SIMON PROPERTY GROUP, INC.

	By	/s/ DAVID SIMON
		David Simon
		Chairman of the Board of Directors, Chief
		Executive Officer and President
		Date: February 25, 2021

		SIMON PROPERTY GROUP, L.P.

		/s/ DAVID SIMON
		David Simon
		Chairman of the Board of Directors, Chief Executive Officer and President of Simon Property Group, Inc., General Partner
		Date: February 25, 2021

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

Signature	Capacity	Date

/s/ DAVID SIMON	Chairman of the Board of Directors, Chief Executive Officer (Principal Executive Officer) and President	February 25, 2021
David Simon

/s/ HERBERT SIMON	Chairman Emeritus and Director	February 25, 2021
Herbert Simon

/s/ RICHARD S. SOKOLOV	Vice Chairman and Director	February 25, 2021
Richard S. Sokolov

/s/ LARRY C. GLASSCOCK	Director	February 25, 2021
Larry C. Glasscock

/s/ REUBEN S. LEIBOWITZ	Director	February 25, 2021
Reuben S. Leibowitz

/s/ J. ALBERT SMITH, JR.	Director	February 25, 2021
J. Albert Smith, Jr.

/s/ KAREN N. HORN	Director	February 25, 2021
Karen N. Horn

/s/ ALLAN HUBBARD	Director	February 25, 2021
Allan Hubbard

/s/ DANIEL C. SMITH	Director	February 25, 2021
Daniel C. Smith

Signature	Capacity	Date

/s/ GARY M. RODKIN	Director	February 25, 2021
Gary M. Rodkin

/s/ GLYN F. AEPPEL	Director	February 25, 2021
Glyn F. Aeppel

/s/ STEFAN M. SELIG	Director	February 25, 2021
Stefan M. Selig

/s/ MARTA R. STEWART	Director	February 25, 2021
Marta R. Stewart

/s/ BRIAN J. MCDADE	Executive Vice President, Chief Financial Officer (Principal Financial Officer) and Treasurer	February 25, 2021
Brian J. McDade

/s/ ADAM J. REUILLE	Senior Vice President and Chief Accounting Officer (Principal Accounting Officer)	February 25, 2021
Adam J. Reuille

SCHEDULE III

Simon Property Group, Inc.

Simon Property Group, L.P.

Real Estate and Accumulated Depreciation

December 31, 2020

(Dollars in thousands)


								Cost Capitalized
								Subsequent to				Gross Amounts At Which								Date of
				Initial Cost (3)				Acquisition (3)				Carried At Close of Period								Construction
						Buildings and				Buildings and				Buildings and				Accumulated		or
Name	Location	Encumbrances (6)		Land		Improvements		Land		Improvements		Land		Improvements		Total (1)		Depreciation (2)		Acquisition
Malls
Barton Creek Square	Austin, TX	$	-	$	2,903	$	20,929	$	7,983	$	92,532	$	10,886	$	113,461	$	124,347	$	65,021	1981
Battlefield Mall	Springfield, MO		112,707		3,919		27,231		3,000		73,128		6,919		100,359		107,278		73,594	1970
Bay Park Square	Green Bay, WI		-		6,278		25,623		4,106		33,597		10,384		59,220		69,604		35,332	1980
Brea Mall	Brea (Los Angeles), CA		-		39,500		209,202		2,993		77,892		42,493		287,094		329,587		158,412	1998	(4)
Broadway Square	Tyler, TX		-		11,306		32,431		-		51,429		11,306		83,860		95,166		40,639	1994	(4)
Burlington Mall	Burlington (Boston), MA		-		46,600		303,618		27,458		235,501		74,058		539,119		613,177		248,794	1998	(4)
Castleton Square	Indianapolis, IN		-		26,250		98,287		7,434		78,590		33,684		176,877		210,561		119,878	1972
Cielo Vista Mall	El Paso, TX		-		1,005		15,262		608		55,058		1,613		70,320		71,933		49,573	1974
College Mall	Bloomington, IN		-		1,003		16,245		720		70,441		1,723		86,686		88,409		47,678	1965
Columbia Center	Kennewick, WA		-		17,441		66,580		-		40,993		17,441		107,573		125,014		64,134	1987
Copley Place	Boston, MA		-		-		378,045		-		206,205		-		584,250		584,250		252,514	2002	(4)
Coral Square	Coral Springs (Miami), FL		-		13,556		93,630		-		19,097		13,556		112,727		126,283		89,651	1984
Cordova Mall	Pensacola, FL		-		18,626		73,091		7,321		70,048		25,947		143,139		169,086		80,553	1998	(4)
Domain, The	Austin, TX		176,533		40,436		197,010		-		144,511		40,436		341,521		381,957		174,735	2005
Empire Mall	Sioux Falls, SD		183,782		35,998		192,186		-		30,083		35,998		222,269		258,267		68,901	1998	(5)
Fashion Mall at Keystone, The	Indianapolis, IN		-		-		120,579		29,145		103,435		29,145		224,014		253,159		132,731	1997	(4)
Firewheel Town Center	Garland (Dallas), TX		-		8,438		82,716		-		28,830		8,438		111,546		119,984		64,895	2004
Forum Shops at Caesars, The	Las Vegas, NV		-		-		276,567		-		282,321		-		558,888		558,888		293,579	1992
Greenwood Park Mall	Greenwood (Indianapolis), IN		-		2,423		23,445		5,253		124,303		7,676		147,748		155,424		91,542	1979
Haywood Mall	Greenville, SC		-		11,585		133,893		6		41,813		11,591		175,706		187,297		113,400	1998	(4)
Ingram Park Mall	San Antonio, TX		122,251		733		16,972		37		43,246		770		60,218		60,988		33,614	1979
King of Prussia	King of Prussia (Philadelphia), PA		-		175,063		1,128,200		-		380,289		175,063		1,508,489		1,683,552		463,073	2003	(5)
La Plaza Mall (13)	McAllen, TX		-		87,912		9,828		6,569		177,319		94,481		187,147		281,628		50,135	1976
Lakeline Mall	Cedar Park (Austin), TX		-		10,088		81,568		14		24,747		10,102		106,315		116,417		64,612	1995
Lenox Square	Atlanta, GA		-		37,447		492,411		-		139,068		37,447		631,479		668,925		373,965	1998	(4)
Livingston Mall	Livingston (New York), NJ		-		22,214		105,250		-		47,841		22,214		153,091		175,305		94,316	1998	(4)
Mall of Georgia	Buford (Atlanta), GA		-		47,492		326,633		-		13,340		47,492		339,973		387,465		195,629	1999	(5)
McCain Mall	N. Little Rock, AR		-		-		9,515		10,530		28,504		10,530		38,019		48,549		17,298	1973
Menlo Park Mall	Edison (New York), NJ		-		65,684		223,252		-		83,263		65,684		306,515		372,199		190,029	1997	(4)
Midland Park Mall	Midland, TX		71,822		687		9,213		1,196		42,102		1,883		51,315		53,198		22,616	1980
Miller Hill Mall	Duluth, MN		-		2,965		18,092		1,811		44,203		4,776		62,295		67,071		46,348	1973
North East Mall	Hurst (Dallas), TX		-		128		12,966		19,010		145,677		19,138		158,643		177,781		118,006	1971
Northgate Mall	Seattle, WA		-		23,610		115,992		-		67,602		23,610		183,594		207,204		57,897	1987
Ocean County Mall	Toms River (New York), NJ		-		20,404		124,945		3,277		84,547		23,681		209,492		233,173		102,081	1998	(4)
Orland Square	Orland Park (Chicago), IL		-		35,439		129,906		-		78,864		35,439		208,770		244,209		117,910	1997	(4)
Oxford Valley Mall	Langhorne (Philadelphia), PA		32,779		20,872		100,287		-		20,914		20,872		121,201		142,073		84,968	2003	(4)
Penn Square Mall	Oklahoma City, OK		310,000		2,043		155,958		-		60,144		2,043		216,102		218,145		136,840	2002	(4)
Pheasant Lane Mall	Nashua, NH		-		3,902		155,068		550		49,404		4,452		204,472		208,924		116,717	2004	(5)
Phipps Plaza	Atlanta, GA		-		15,005		210,610		-		243,085		15,005		453,695		468,700		171,188	1998	(4)
Plaza Carolina	Carolina (San Juan), PR		225,000		15,493		279,560		-		77,319		15,493		356,879		372,372		173,238	2004	(4)
Prien Lake Mall	Lake Charles, LA		-		1,842		2,813		3,053		47,133		4,895		49,946		54,841		28,706	1972

Simon Property Group, Inc.

Simon Property Group, L.P.

Real Estate and Accumulated Depreciation

December 31, 2020

(Dollars in thousands)


								Cost Capitalized
								Subsequent to				Gross Amounts At Which								Date of
				Initial Cost (3)				Acquisition (3)				Carried At Close of Period								Construction
						Buildings and				Buildings and				Buildings and				Accumulated		or
Name	Location	Encumbrances (6)		Land		Improvements		Land		Improvements		Land		Improvements		Total (1)		Depreciation (2)		Acquisition
Rockaway Townsquare	Rockaway (New York), NJ	$	-	$	41,918	$	212,257	$	-	$	69,145	$	41,918	$	281,402	$	323,320	$	160,468	1998	(4)
Roosevelt Field	Garden City (New York), NY		-		163,160		702,008		1,246		368,834		164,406		1,070,842		1,235,248		533,147	1998	(4)
Ross Park Mall	Pittsburgh, PA		-		23,541		90,203		5,815		122,197		29,356		212,400		241,756		132,274	1986
Santa Rosa Plaza	Santa Rosa, CA		-		10,400		87,864		-		27,384		10,400		115,248		125,648		67,970	1998	(4)
Shops at Chestnut Hill, The	Chestnut Hill (Boston), MA		120,000		449		25,102		38,864		105,673		39,313		130,776		170,089		42,473	2002	(5)
Shops at Nanuet, The	Nanuet, NY		-		28,125		142,860		-		14,285		28,125		157,145		185,270		47,459	2013
Shops at Riverside, The	Hackensack (New York), NJ		130,000		13,521		238,746		-		263,289		13,521		502,035		515,556		98,686	2007	(4) (5)
South Hills Village	Pittsburgh, PA		-		23,445		125,840		1,472		84,612		24,917		210,452		235,369		109,844	1997	(4)
South Shore Plaza	Braintree (Boston), MA		-		101,200		301,495		-		166,650		101,200		468,145		569,345		269,676	1998	(4)
Southdale Mall	Edina (Minneapolis), MN		138,131		41,430		184,967		-		112,713		41,430		297,680		339,110		95,003	2007	(4) (5)
SouthPark	Charlotte, NC		-		42,092		188,055		100		204,680		42,192		392,735		434,927		225,268	2002	(4)
St. Charles Towne Center	Waldorf (Washington, DC), MD		-		7,710		52,934		1,180		29,314		8,890		82,248		91,138		61,874	1990
Stanford Shopping Center	Palo Alto (San Jose), CA		-		-		339,537		-		188,382		-		527,919		527,919		214,147	2003	(4)
Summit Mall	Akron, OH		85,000		15,374		51,137		-		55,804		15,374		106,941		122,315		66,518	1965
Tacoma Mall	Tacoma (Seattle), WA		-		37,113		125,826		-		162,616		37,113		288,442		325,555		145,776	1987
Tippecanoe Mall	Lafayette, IN		-		2,897		8,439		5,517		47,136		8,414		55,575		63,989		44,233	1973
Town Center at Boca Raton	Boca Raton (Miami), FL		-		64,200		307,317		-		241,889		64,200		549,206		613,406		309,065	1998	(4)
Towne East Square	Wichita, KS		-		8,525		18,479		4,108		49,059		12,633		67,538		80,171		45,990	1975
Treasure Coast Square	Jensen Beach, FL		-		11,124		72,990		3,067		39,945		14,191		112,935		127,126		76,712	1987
Tyrone Square	St. Petersburg (Tampa), FL		-		15,638		120,962		1,459		50,690		17,097		171,652		188,749		112,049	1972
University Park Mall	Mishawaka, IN		-		10,762		118,164		7,000		58,654		17,762		176,818		194,580		147,955	1996	(4)
Walt Whitman Shops	Huntington Station (New York), NY		-		51,700		111,258		3,789		127,664		55,489		238,922		294,411		130,914	1998	(4)
White Oaks Mall	Springfield, IL		46,915		2,907		35,692		2,468		65,642		5,375		101,334		106,709		59,098	1977
Wolfchase Galleria	Memphis, TN		155,152		16,407		128,276		-		17,049		16,407		145,325		161,732		97,753	2002	(4)
Woodland Hills Mall	Tulsa, OK		-		34,211		187,123		-		35,414		34,211		222,537		256,748		144,965	2004	(5)

Premium Outlets
Albertville Premium Outlets	Albertville (Minneapolis), MN		-		3,900		97,059		-		11,094		3,900		108,153		112,053		54,308	2004	(4)
Allen Premium Outlets	Allen (Dallas), TX		-		20,932		69,788		-		44,436		20,932		114,224		135,156		36,968	2004	(4)
Aurora Farms Premium Outlets	Aurora (Cleveland), OH		-		2,370		24,326		-		8,442		2,370		32,768		35,138		24,396	2004	(4)
Birch Run Premium Outlets	Birch Run (Detroit), MI		123,000		11,477		77,856		-		8,978		11,477		86,834		98,311		37,026	2010	(4)
Camarillo Premium Outlets	Camarillo (Los Angeles), CA		-		16,670		224,721		395		75,097		17,065		299,818		316,883		149,400	2004	(4)
Carlsbad Premium Outlets	Carlsbad (San Diego), CA		-		12,890		184,990		96		10,492		12,986		195,482		208,468		88,965	2004	(4)
Carolina Premium Outlets	Smithfield (Raleigh), NC		41,757		3,175		59,863		5,311		7,902		8,486		67,765		76,251		37,961	2004	(4)
Chicago Premium Outlets	Aurora (Chicago), IL		-		659		118,005		13,050		99,046		13,709		217,051		230,760		84,558	2004	(4)
Cincinnati Premium Outlets	Monroe (Cincinnati), OH		-		14,117		71,520		-		4,687		14,117		76,207		90,324		38,483	2008
Clinton Crossing Premium Outlets	Clinton, CT		-		2,060		107,556		1,532		6,027		3,592		113,583		117,175		61,401	2004	(4)
Denver Premium Outlets	Thornton (Denver), CO		-		11,375		45,335		10		72,949		11,385		118,284		129,669		12,902	2018
Desert Hills Premium Outlets	Cabazon (Palm Springs), CA		-		3,440		338,679		-		117,032		3,440		455,711		459,151		187,479	2004	(4)
Ellenton Premium Outlets	Ellenton (Tampa), FL		-		2,857		47,309		-		20,582		2,857		67,891		70,748		36,332	2010	(4)
Folsom Premium Outlets	Folsom (Sacramento), CA		178,000		15,807		182,412		-		7,726		15,807		190,138		205,945		106,430	2004	(4)
Gilroy Premium Outlets	Gilroy (San Jose), CA		-		9,060		50,281		-		5,940		9,060		56,221		65,281		32,576	2004	(4)
Grand Prairie Premium Outlets	Grand Prairie (Dallas), TX		-		9,630		194,122		-		16,192		9,630		210,314		219,944		104,299	2012
Grove City Premium Outlets	Grove City (Pittsburgh), PA		109,122		9,497		194,245		-		2,058		9,497		196,303		205,800		54,525	2010	(4)

Simon Property Group, Inc.

Simon Property Group, L.P.

Real Estate and Accumulated Depreciation

December 31, 2020

(Dollars in thousands)


								Cost Capitalized
								Subsequent to				Gross Amounts At Which								Date of
				Initial Cost (3)				Acquisition (3)				Carried At Close of Period								Construction
						Buildings and				Buildings and				Buildings and				Accumulated		or
Name	Location	Encumbrances (6)		Land		Improvements		Land		Improvements		Land		Improvements		Total (1)		Depreciation (2)		Acquisition
Gulfport Premium Outlets	Gulfport, MS	$	140,000	$	6,421	$	121,880	$	-	$	7,763	$	6,421	$	129,643	$	136,064	$	72,537	2010	(4)
Hagerstown Premium Outlets	Hagerstown (Baltimore/Washington, DC), MD		50,000		-		27,949		-		7,444		-		35,393		35,393		17,250	2010	(4)
Houston Premium Outlets	Cypress (Houston), TX		73,314		3,576		85,883		-		2,383		3,576		88,266		91,842		39,565	2007
Indiana Premium Outlets	Edinburgh (Indianapolis), IN		-		8,695		69,350		-		46,533		8,695		115,883		124,578		54,669	2004	(4)
Jackson Premium Outlets	Jackson (New York), NJ		-		6,413		104,013		3		8,300		6,416		112,313		118,729		52,477	2004	(4)
Jersey Shore Premium Outlets	Tinton Falls (New York), NJ		-		15,390		50,979		-		78,255		15,390		129,234		144,624		65,300	2007
Johnson Creek Premium Outlets	Johnson Creek, WI		-		2,800		39,546		-		6,936		2,800		46,482		49,282		23,364	2004	(4)
Kittery Premium Outlets	Kittery, ME		-		11,832		94,994		-		11,008		11,832		106,002		117,834		47,052	2004	(4)
Las Americas Premium Outlets	San Diego, CA		-		45,168		251,878		-		11,380		45,168		263,258		308,426		102,723	2007	(4)
Las Vegas North Premium Outlets	Las Vegas, NV		-		25,435		134,973		16,536		152,117		41,971		287,090		329,061		134,037	2004	(4)
Las Vegas South Premium Outlets	Las Vegas, NV		-		13,085		160,777		-		32,957		13,085		193,734		206,819		87,419	2004	(4)
Lee Premium Outlets	Lee, MA		49,504		9,167		52,212		-		4,302		9,167		56,514		65,681		30,446	2010	(4)
Leesburg Corner Premium Outlets	Leesburg (Washington, DC), VA		-		7,190		162,023		-		21,105		7,190		183,128		190,318		87,734	2004	(4)
Lighthouse Place Premium Outlets	Michigan City (Chicago, IL), IN		-		6,630		94,138		-		13,206		6,630		107,344		113,974		58,943	2004	(4)
Merrimack Premium Outlets	Merrimack, NH		116,398		14,975		118,428		-		2,911		14,975		121,339		136,314		43,453	2012
Napa Premium Outlets	Napa, CA		-		11,400		45,023		-		7,513		11,400		52,536		63,936		27,674	2004	(4)
North Bend Premium Outlets	North Bend (Seattle), WA		-		2,143		36,197		-		5,978		2,143		42,175		44,318		20,310	2004	(4)
North Georgia Premium Outlets	Dawsonville (Atlanta), GA		-		4,300		137,020		-		3,158		4,300		140,178		144,478		67,220	2004	(4)
Orlando International Premium Outlets	Orlando, FL		-		31,998		472,815		-		17,515		31,998		490,330		522,328		182,297	2010	(4)
Orlando Vineland Premium Outlets	Orlando, FL		-		14,040		382,949		36,023		19,688		50,063		402,637		452,700		178,209	2004	(4)
Petaluma Village Premium Outlets	Petaluma (San Francisco), CA		-		13,322		13,710		-		4,394		13,322		18,104		31,426		11,599	2004	(4)
Philadelphia Premium Outlets	Limerick (Philadelphia), PA		-		16,676		105,249		-		25,391		16,676		130,640		147,316		72,961	2006
Phoenix Premium Outlets	Chandler (Phoenix), AZ		-		-		63,082		-		681		-		63,763		63,763		24,082	2013
Pismo Beach Premium Outlets	Pismo Beach, CA		34,329		4,317		19,044		-		2,812		4,317		21,856		26,173		13,228	2010	(4)
Pleasant Prairie Premium Outlets	Pleasant Prairie (Chicago, IL/Milwaukee), WI		145,000		16,823		126,686		-		7,408		16,823		134,094		150,917		55,534	2010	(4)
Puerto Rico Premium Outlets	Barceloneta, PR		160,000		20,586		114,021		-		9,286		20,586		123,307		143,893		51,856	2010	(4)
Queenstown Premium Outlets	Queenstown (Baltimore), MD		60,308		8,129		61,950		-		5,109		8,129		67,059		75,188		29,293	2010	(4)
Rio Grande Valley Premium Outlets	Mercedes (McAllen), TX		-		12,229		41,547		-		28,623		12,229		70,170		82,399		41,040	2005
Round Rock Premium Outlets	Round Rock (Austin), TX		-		14,706		82,252		-		5,336		14,706		87,588		102,294		53,430	2005
San Francisco Premium Outlets	Livermore (San Francisco), CA		-		21,925		308,694		46,177		73,617		68,102		382,311		450,413		97,460	2012
San Marcos Premium Outlets	San Marcos (Austin/San Antonio), TX		-		13,180		287,179		-		12,724		13,180		299,903		313,083		115,472	2010	(4)
Seattle Premium Outlets	Tulalip (Seattle), WA		-		-		103,722		-		54,623		-		158,345		158,345		77,078	2004	(4)
St. Augustine Premium Outlets	St. Augustine (Jacksonville), FL		-		6,090		57,670		2		12,534		6,092		70,204		76,296		37,830	2004	(4)
Tampa Premium Outlets	Lutz (Tampa), FL		-		14,298		97,188		121		4,942		14,419		102,130		116,549		23,556	2015
The Crossings Premium Outlets	Tannersville, PA		103,304		7,720		172,931		-		18,694		7,720		191,625		199,345		89,095	2004	(4)
Tucson Premium Outlets	Marana (Tucson), AZ		-		12,508		69,677		-		7,508		12,508		77,185		89,693		18,160	2015
Vacaville Premium Outlets	Vacaville, CA		-		9,420		84,850		-		18,500		9,420		103,350		112,770		56,351	2004	(4)
Waikele Premium Outlets	Waipahu (Honolulu), HI		-		22,630		77,316		-		19,378		22,630		96,694		119,324		47,598	2004	(4)
Waterloo Premium Outlets	Waterloo, NY		-		3,230		75,277		-		15,032		3,230		90,309		93,539		48,025	2004	(4)
Williamsburg Premium Outlets	Williamsburg, VA		185,000		10,323		223,789		-		8,262		10,323		232,051		242,374		87,577	2010	(4)

Simon Property Group, Inc.

Simon Property Group, L.P.

Real Estate and Accumulated Depreciation

December 31, 2020

(Dollars in thousands)


								Cost Capitalized
								Subsequent to				Gross Amounts At Which								Date of
				Initial Cost (3)				Acquisition (3)				Carried At Close of Period								Construction
						Buildings and				Buildings and				Buildings and				Accumulated		or
Name	Location	Encumbrances (6)		Land		Improvements		Land		Improvements		Land		Improvements		Total (1)		Depreciation (2)		Acquisition
Woodburn Premium Outlets	Woodburn (Portland), OR	$	-	$	9,414	$	150,414	$	-	$	2,963	$	9,414	$	153,377	$	162,791	$	46,326	2013	(4)
Woodbury Common Premium Outlets	Central Valley (New York), NY		-		11,010		862,559		1,771		265,878		12,781		1,128,437		1,141,218		448,819	2004	(4)
Wrentham Village Premium Outlets	Wrentham (Boston), MA		-		4,900		282,031		-		48,605		4,900		330,636		335,536		146,606	2004	(4)

The Mills
Arizona Mills	Tempe (Phoenix), AZ		145,874		41,936		297,289		—		15,389		41,936		312,678		354,614		75,594	2007	(4) (5)
Great Mall	Milpitas (San Jose), CA		-		69,853		463,101		—		59,127		69,853		522,228		592,081		156,327	2007	(4) (5)
Gurnee Mills	Gurnee (Chicago), IL		253,708		41,133		297,911		—		29,991		41,133		327,902		369,035		102,054	2007	(4) (5)
Mills at Jersey Gardens, The	Elizabeth, NJ		355,000		120,417		865,605		—		17,920		120,417		883,525		1,003,942		198,695	2015	(4)
Opry Mills	Nashville, TN		375,000		51,000		327,503		—		18,561		51,000		346,064		397,064		103,485	2007	(4) (5)
Outlets at Orange, The	Orange (Los Angeles), CA		215,000		64,973		211,322		—		2,965		64,973		214,287		279,260		17,869	2007	(4) (5)
Potomac Mills	Woodbridge (Washington, DC), VA		416,000		61,755		425,370		—		42,020		61,755		467,390		529,145		151,327	2007	(4) (5)
Sawgrass Mills	Sunrise (Miami), FL		-		192,981		1,641,153		5,395		218,581		198,376		1,859,734		2,058,109		530,570	2007	(4) (5)
Designer Outlets
La Reggia Designer Outlet	Marcianise (Naples), Italy		159,432		37,220		233,179		-		22,684		37,220		255,864		293,084		47,616	2013	(4) (5) (7)
Noventa Di Piave Designer Outlet	Venice, Italy		343,042		38,793		309,283		-		71,352		38,793		380,635		419,428		62,130	2013	(4) (5) (7)
Parndorf Designer Outlet	Vienna, Austria		226,896		14,903		223,156		-		2,330		14,903		225,486		240,389		49,071	2013	(4) (5) (7)
Provence Designer Outlet	Provence, France		100,445		40,754		77,827		6,169		-		46,923		77,827		124,749		23,376	2017	(4) (5) (7)
Roermond Designer Outlet	Roermond, Netherlands		282,085		15,035		400,094		-		14,554		15,035		414,648		429,683		91,007	2013	(4) (5) (7)
Roosendaal Designer Outlet	Roosendaal, Netherlands		72,342		22,191		108,069		-		5,789		22,191		113,858		136,049		22,321	2017	(4) (5) (7)

Community Centers
ABQ Uptown	Albuquerque, NM		-		6,374		75,333		4,054		7,184		10,428		82,517		92,945		29,967	2011	(4)
University Park Village	Fort Worth, TX		54,425		18,031		100,523		-		4,710		18,031		105,233		123,264		22,240	2015	(4)

Other Properties
Calhoun Marketplace	Calhoun, GA		17,941		1,745		12,529		-		2,180		1,745		14,709		16,454		10,195	2010	(4)
Florida Keys Outlet Center	Florida City, FL		17,001		1,112		1,748		-		4,474		1,112		6,222		7,334		3,792	2010	(4)
Gaffney Marketplace	Gaffney (Greenville/Charlotte), SC		28,981		4,056		32,371		-		6,097		4,056		38,468		42,524		21,273	2010	(4)
Orlando Outlet Marketplace	Orlando, FL		-		3,367		1,557		-		3,658		3,367		5,215		8,582		2,888	2010	(4)
Osage Beach Marketplace	Osage Beach, MO		-		1,397		9,471		-		—		1,397		9,471		10,869		852	2004	(4)
Southridge Mall	Greendale (Milwaukee), WI		112,087		12,359		130,111		1,939		13,029		14,298		143,140		157,438		53,156	2007	(4) (5)
Town Center at Cobb	Kennesaw (Atlanta), GA		180,376		32,355		158,225		-		24,583		32,355		182,808		215,163		131,692	1998	(5)


Other pre-development costs					107,403		156,542		959		-		108,362		156,542		264,903		78
Other			25,000		3,537		51,972		-		-		3,537		51,972		55,509		15,503
Currency Translation Adjustment			-		22,388		88,022		-		89,445		22,388		177,466		199,854		(2,464)
		$	6,959,743	$	3,342,322	$	25,071,253	$	357,702	$	8,837,360	$	3,700,024	$	33,908,614	$	37,608,638	$	14,592,867

Simon Property Group, Inc.

Simon Property Group, L.P.

Notes to Schedule III as of December 31, 2020

(Dollars in thousands)

(1)	Reconciliation of Real Estate Properties:

The changes in real estate assets for the years ended December 31, 2020, 2019, and 2018 are as follows:


	2020		2019		2018
Balance, beginning of year	$	37,356,739	$	36,667,960	$	36,014,506
Acquisitions and consolidations (7)		—		40,990		328,265
Improvements		401,202		899,728		758,135
Disposals and deconsolidations		(320,328)		(219,268)		(357,622)
Currency Translation Adjustment		171,025		(32,671)		(75,324)
Balance, close of year	$	37,608,638	$	37,356,739	$	36,667,960

The unaudited aggregate cost of domestic consolidated real estate assets for U.S. federal income tax purposes as of December 31, 2020 was $21,756,450.

(2)	Reconciliation of Accumulated Depreciation:

The changes in accumulated depreciation for the years ended December 31, 2020, 2019, and 2018 are as follows:


	2020		2019		2018
Balance, beginning of year	$	13,622,433	$	12,632,690	$	11,704,223
Depreciation expense (7)		1,226,611		1,176,815		1,106,053
Disposals and deconsolidations		(236,123)		(194,664)		(190,241)
Currency Translation Adjustment		(20,054)		7,592		12,655
Balance, close of year	$	14,592,867	$	13,622,433	$	12,632,690

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

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

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

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

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

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

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

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

Previous: Item 15. Exhibits and Financial Statement Schedules