Item 2. Properties
128K characters. Original on sec.gov · Markdown
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 172.6 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 94 malls are generally enclosed centers and range in size from approximately 270,000 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 2.4 million square feet of GLA and are located in major metropolitan areas. They have a combination of traditional mall, outlet center, big box retailers and entertainment uses.
We also have interests in six lifestyle centers and 13 other retail properties. The lifestyle centers range in size from 170,000 to 950,000 square feet of GLA. The other retail properties range in size from approximately 200,000 to 1.6 million square feet of GLA and are considered non-core to our business model.
As of December 31, 2022, approximately 94.9% of the owned GLA in malls and Premium Outlets was leased and approximately 98.2% of the owned GLA for The Mills was leased.
We wholly own 130 of our properties, effectively control 11 properties in which we have a joint venture interest, and hold the remaining 55 properties through unconsolidated joint venture interests. We are the managing or co-managing general partner or member of 188 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.
We own an 80% noncontrolling interest in TRG, which has an interest in 20 regional, super-regional, and outlet malls in the U.S. Our effective ownership in these properties, through our investment in TRG, ranges from 38.8% to 80%.
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, 2022.
| | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | | | | | | 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 | 87.2 | % | 473,915 | Belk, JCPenney, AMC Cinemas | ||||||
| 2. | Auburn Mall | MA | Auburn | Fee | 56.4 | % (4) | Acquired 1999 | 96.5 | % | 499,457 | Macy's, Reliant Medical (15) | ||||||
| 3. | Aventura Mall (1) | FL | Miami Beach (Miami) | Fee | 33.3 | % (4) | Built 1983 | 97.4 | % | 2,121,975 | Bloomingdale's, Macy's (8), JCPenney, Nordstrom, Equinox Fitness Clubs, AMC Theatres | ||||||
| 4. | Barton Creek Square | TX | Austin | Fee | 100.0 | % | Built 1981 | 96.0 | % | 1,450,887 | Nordstrom, Macy's, Dillard's (8), JCPenney, AMC Theatres | ||||||
| 5. | Battlefield Mall | MO | Springfield | Fee and Ground Lease (2056) | 100.0 | % | Built 1970 | 95.8 | % | 1,203,279 | Macy's, Dillard's (8), JCPenney | ||||||
| 6. | Bay Park Square | WI | Green Bay | Fee | 100.0 | % | Built 1980 | 97.5 | % | 690,651 | Kohl's, Marcus Cinema 16, Dave & Buster's, Steinhafel Furniture, Hy-Vee | ||||||
| 7. | Brea Mall | CA | Brea (Los Angeles) | Fee | 100.0 | % | Acquired 1998 | 96.2 | % | 1,281,227 | Nordstrom, Macy's (8), JCPenney, Life Time (6) | ||||||
| 8. | Briarwood Mall | MI | Ann Arbor | Fee | 50.0 | % (4) | Acquired 2007 | 92.4 | % | 978,329 | Macy's, JCPenney, Von Maur, Hilton Garden Inn (15), Towne Place Suites by Marriott (15) | ||||||
| 9. | Brickell City Centre (1) | FL | Miami | Fee | 25.0 | % (4) | Built 2016 | 86.9 | % | 476,600 | Saks Fifth Avenue, Cinemex, EAST Miami Hotel (15) | ||||||
| 10. | Broadway Square | TX | Tyler | Fee | 100.0 | % | Acquired 1994 | 99.0 | % | 608,739 | Dillard's, JCPenney, Dick's Sporting Goods, HomeGoods, Party City | ||||||
| 11. | Burlington Mall | MA | Burlington (Boston) | Fee and Ground Lease (2026) (7) | 100.0 | % | Acquired 1998 | 91.7 | % | 1,254,267 | Macy's, Nordstrom, Crate & Barrel, Primark, Arhaus Furniture | ||||||
| 12. | Cape Cod Mall | MA | Hyannis | Fee and Ground Leases (2029-2073) (7) | 56.4 | % (4) | Acquired 1999 | 90.8 | % | 712,338 | Macy's (8), Best Buy, Marshalls, Barnes & Noble, Regal Cinema, Target, Dick's Sporting Goods, Planet Fitness | ||||||
| 13. | Castleton Square | IN | Indianapolis | Fee | 100.0 | % | Built 1972 | 94.3 | % | 1,381,091 | 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 | 99.4 | % | 1,245,051 | Macy's, Dillard's (8), JCPenney, Sears, Cinemark Theatres | ||||||
| 15. | Coconut Point | FL | Estero | Fee | 50.0 | % (4) | Built 2006 | 91.8 | % | 1,204,908 | Dillard's, Barnes & Noble (10), Best Buy, DSW, Office Max, PetSmart, Ross, T.J. Maxx, Super Target, Michael's, Total Wine & More, JoAnn Fabrics, CTS, Home Centric, PGA Superstore (6), 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 | 81.6 | % | 610,168 | Target, Dick's Sporting Goods, Bed Bath & Beyond (13), Fresh Thyme | ||||||
| 17. | Columbia Center | WA | Kennewick | Fee | 100.0 | % | Acquired 1987 | 93.9 | % | 763,262 | Macy's (8), JCPenney, Barnes & Noble, DSW, Home Goods, Dick's Sporting Goods, JoAnn Fabrics (6) | ||||||
| 18. | Copley Place | MA | Boston | Fee | 94.4 | % (11) | Acquired 2002 | 90.7 | % | 1,263,516 | Neiman Marcus, Saks Fifth Avenue Men's, Boston Marriott Copley Place (15), The Westin Copley Place (15) | ||||||
| 19. | Coral Square | FL | Coral Springs (Miami) | Fee | 97.2 | % | Built 1984 | 96.1 | % | 944,160 | Macy's (8), JCPenney, Kohl's | ||||||
| 20. | Cordova Mall | FL | Pensacola | Fee | 100.0 | % | Acquired 1998 | 98.2 | % | 926,223 | Dillard's, Belk, Best Buy, Bed Bath & Beyond, Cost Plus World Market, Ross, Dick's Sporting Goods | ||||||
| 21. | Dadeland Mall | FL | Miami | Fee | 50.0 | % (4) | Acquired 1997 | 99.7 | % | 1,511,826 | Saks Fifth Avenue, Macy's (8), JCPenney, AC Hotel by Marriott | ||||||
| 22. | Del Amo Fashion Center | CA | Torrance (Los Angeles) | Fee | 50.0 | % (4) | Acquired 2007 | 95.7 | % | 2,524,077 | Nordstrom, Macy's (8), JCPenney, Marshalls, Barnes & Noble, JoAnn Fabrics, AMC Theatres, Dick's Sporting Goods, Dave & Buster's, Mitsuwa Marketplace | ||||||
| 23. | Domain, The | TX | Austin | Fee | 100.0 | % | Built 2006 | 93.8 | % | 1,234,447 | Neiman Marcus, Macy's, Dillard's, Dick's Sporting Goods, iPic Theaters, Arhaus Furniture, Punch Bowl Social, Westin Austin at The Domain, Lone Star Court (15), (16) | ||||||
| 24. | Empire Mall | SD | Sioux Falls | Fee and Ground Lease (2033) (7) | 100.0 | % | Acquired 1998 | 91.4 | % | 1,169,321 | Macy's, JCPenney, Hy-Vee, Dick's Sporting Goods, Dillard's (6) | ||||||
| 25. | Falls, The | FL | Miami | Fee | 50.0 | % (4) | Acquired 2007 | 98.2 | % | 711,653 | Macy's, Regal Cinema, The Fresh Market, LifeTime Athletic (6) | ||||||
| 26. | Fashion Centre at Pentagon City, The | VA | Arlington (Washington, DC) | Fee | 42.5 | % (4) | Built 1989 | 95.3 | % | 1,037,375 | Nordstrom, Macy's, The Ritz-Carlton (15) | ||||||
| 27. | Fashion Mall at Keystone, The | IN | Indianapolis | Fee and Ground Lease (2067) (7) | 100.0 | % | Acquired 1997 | 97.9 | % | 715,809 | Saks Fifth Avenue, Crate & Barrel, Nordstrom, Keystone Art Cinema, Sheraton (15) |
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 | ||||||||
| 28. | Fashion Valley | CA | San Diego | Fee | 50.0 | % (4) | Acquired 2001 | 96.7 | % | 1,728,327 | Neiman Marcus, Bloomingdale's, Nordstrom, Macy's, JCPenney, AMC Theatres, Forever 21, The Container Store | ||||||
| 29. | Firewheel Town Center | TX | Garland (Dallas) | Fee | 100.0 | % | Built 2005 | 92.8 | % | 996,231 | Dillard's, Macy's, Barnes & Noble, DSW, AMC Theatres, Dick's Sporting Goods, Kids Empire/Hapik, Fairfield Inn by Marriott (14), (16) | ||||||
| 30. | Florida Mall, The | FL | Orlando | Fee | 50.0 | % (4) | Built 1986 | 96.2 | % | 1,727,028 | Macy's, Dillard's, JCPenney, Sears, H&M, Zara, American Girl, Dick's Sporting Goods, Crayola Experience, Primark (6), The Florida Hotel and Conference Center (15) | ||||||
| 31. | Forum Shops at Caesars Palace, The | NV | Las Vegas | Ground Lease (2050) | 100.0 | % | Built 1992 | 98.6 | % | 677,346 | Caesars Palace Las Vegas Hotel and Casino (15) | ||||||
| 32. | Galleria, The | TX | Houston | Fee | 50.4 | % (4) | Acquired 2002 | 94.7 | % | 2,011,293 | Saks Fifth Avenue, Neiman Marcus, Nordstrom, Macy's, The Westin Galleria (15), The Westin Oaks (15), Life Time Tennis | ||||||
| 33. | Greenwood Park Mall | IN | Greenwood (Indianapolis) | Fee | 100.0 | % | Acquired 1979 | 97.7 | % | 1,286,781 | Macy's, Von Maur, JCPenney, Dick's Sporting Goods, Barnes & Noble, Regal Cinema, Dave & Buster's | ||||||
| 34. | Haywood Mall | SC | Greenville | Fee and Ground Lease (2067) (7) | 100.0 | % | Acquired 1998 | 97.1 | % | 1,237,364 | Macy's, Dillard's, JCPenney, Belk | ||||||
| 35. | King of Prussia | PA | King of Prussia (Philadelphia) | Fee | 100.0 | % | Acquired 2003 | 97.1 | % | 2,719,095 | Neiman Marcus, Bloomingdale's, Nordstrom, Macy's, Arhaus Furniture, Dick's Sporting Goods, Primark | ||||||
| 36. | La Plaza Mall | TX | McAllen | Fee and Ground Lease (2040) (7) | 100.0 | % | Built 1976 | 98.5 | % | 1,314,054 | Macy's (8), Dillard's, JCPenney, Wingate by Wyndham (15) | ||||||
| 37. | Lakeline Mall | TX | Cedar Park (Austin) | Fee | 100.0 | % | Built 1995 | 95.5 | % | 1,098,861 | Dillard's (8), Macy's, JCPenney, AMC Theatres | ||||||
| 38. | Lehigh Valley Mall | PA | Whitehall | Fee | 50.0 | % (4) | Acquired 2003 | 95.0 | % | 1,196,432 | Macy's, JCPenney, Boscov's, Barnes & Noble, Michael's, Dave & Buster's | ||||||
| 39. | Lenox Square | GA | Atlanta | Fee | 100.0 | % | Acquired 1998 | 97.9 | % | 1,549,775 | Neiman Marcus, Bloomingdale's, Macy's, JW Marriott (15), Hyatt Centric (14) | ||||||
| 40. | Mall at Rockingham Park, The | NH | Salem (Boston) | Fee | 28.2 | % (4) | Acquired 1999 | 95.2 | % | 1,064,794 | JCPenney, Macy's, Dick's Sporting Goods, Cinemark Theatre | ||||||
| 41. | Mall of Georgia | GA | Buford (Atlanta) | Fee | 100.0 | % | Built 1999 | 96.2 | % | 1,840,255 | Dillard's, Macy's, JCPenney, Belk, Dick's Sporting Goods, Barnes & Noble, Havertys Furniture, Regal Cinema, Von Maur | ||||||
| 42. | Mall of New Hampshire, The | NH | Manchester | Fee and Ground Lease (2024-2027) (7) | 56.4 | % (4) | Acquired 1999 | 96.6 | % | 803,868 | Macy's, JCPenney, Best Buy, Dick's Sporting Goods, Dave & Buster's | ||||||
| 43. | McCain Mall | AR | N. Little Rock | Fee | 100.0 | % | Built 1973 | 95.3 | % | 796,306 | Dillard's, JCPenney, Regal Cinema | ||||||
| 44. | Meadowood Mall | NV | Reno | Fee | 50.0 | % (4) | Acquired 2007 | 98.7 | % | 929,119 | Macy's (8), JCPenney, Dick's Sporting Goods, Crunch Fitness, Round 1 | ||||||
| 45. | Menlo Park Mall | NJ | Edison (New York) | Fee | 100.0 | % | Acquired 1997 | 96.3 | % | 1,305,037 | Nordstrom, Macy's, Barnes & Noble, AMC Dine-In Theatre | ||||||
| 46. | Miami International Mall | FL | Miami | Fee | 47.8 | % (4) | Built 1982 | 100.0 | % | 1,081,644 | Macy's (8), JCPenney, Kohl's | ||||||
| 47. | Midland Park Mall | TX | Midland | Fee | 100.0 | % | Built 1980 | 99.2 | % | 643,845 | Dillard's (8), JCPenney, Ross, Dick's Sporting Goods | ||||||
| 48. | Miller Hill Mall | MN | Duluth | Fee | 100.0 | % | Built 1973 | 93.8 | % | 829,541 | JCPenney, Barnes & Noble, DSW, Dick's Sporting Goods, Essentia Health West, Essentia Health East | ||||||
| 49. | North East Mall | TX | Hurst (Dallas) | Fee | 100.0 | % | Built 1971 | 97.2 | % | 1,645,005 | Dillard's, Macy's, JCPenney, Dick's Sporting Goods, Cinemark Theatres | ||||||
| 50. | Northshore Mall | MA | Peabody (Boston) | Fee | 56.4 | % (4) | Acquired 1999 | 91.2 | % | 1,528,889 | JCPenney, Nordstrom, Macy's (8), Barnes & Noble, Shaw's Grocery, The Container Store, Tesla Sales and Service, Life Time Athletic, L.L. Bean (6), Arhaus Furniture (6) | ||||||
| 51. | Ocean County Mall | NJ | Toms River (New York) | Fee | 100.0 | % | Acquired 1998 | 92.9 | % | 886,584 | Macy's, Boscov's, JCPenney, LA Fitness, HomeSense, Ulta | ||||||
| 52. | Orland Square | IL | Orland Park (Chicago) | Fee | 100.0 | % | Acquired 1997 | 99.0 | % | 1,231,104 | Macy's, JCPenney, Dave & Buster's, Von Maur | ||||||
| 53. | Oxford Valley Mall | PA | Langhorne (Philadelphia) | Fee | 85.5 | % | Acquired 2003 | 80.0 | % | 1,174,100 | | Macy's, JCPenney, United Artists Theatre | |||||
| 54. | Penn Square Mall | OK | Oklahoma City | Ground Lease (2060) | 94.5 | % | Acquired 2002 | 94.6 | % | 1,083,693 | Macy's, Dillard's (8), JCPenney, AMC Theatres, The Container Store | ||||||
| 55. | Pheasant Lane Mall | NH | Nashua | - | — | % (12) | Acquired 2002 | 95.7 | % | 979,595 | JCPenney, Target, Macy's, Dick's Sporting Goods | ||||||
| 56. | Phipps Plaza | GA | Atlanta | Fee | 100.0 | % | Acquired 1998 | 94.1 | % | 908,090 | Saks Fifth Avenue, Nordstrom, AMC Theatres, Arhaus Furniture, Legoland Discovery Center, AC Hotel by Marriott, Life Time Athletic, Life Time Work, Nobu Hotel and Restaurant, (16) |
Simon Property Group, Inc.
Simon Property Group, L.P.
Property Table
U.S. Properties
| | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | | | | | | Ownership Interest | | | | Year Built | | | | | | |
| | | | | | | | (Expiration if | | Legal | | or | | | | | | |
| | Property Name | State | City (CBSA) | Lease) (3) | Ownership | Acquired | Occupancy (5) | Total GLA | Selected Larger Retailers and Uses | ||||||||
| 57. | Plaza Carolina | PR | Carolina (San Juan) | Fee | 100.0 | % | Acquired 2004 | 88.0 | % | 1,156,323 | | JCPenney, Tiendas Capri, Econo, T.J. Maxx, Caribbean Cinemas, Burlington | |||||
| 58. | Prien Lake Mall | LA | Lake Charles | Fee and Ground Lease (2040) (7) | 100.0 | % | Built 1972 | 84.6 | % | 719,289 | Dillard's, JCPenney, Cinemark Theatres, Kohl's, Dick's Sporting Goods, T.J. Maxx/HomeGoods | ||||||
| 59. | Quaker Bridge Mall | NJ | Lawrenceville | Fee | 50.0 | % (4) | Acquired 2003 | 92.2 | % | 1,081,213 | Macy's, JCPenney | ||||||
| 60. | Rockaway Townsquare | NJ | Rockaway (New York) | Fee | 100.0 | % | Acquired 1998 | 96.5 | % | 1,245,980 | Macy's, JCPenney, Raymour & Flanigan | ||||||
| 61. | Roosevelt Field | NY | Garden City (New York) | Fee and Ground Lease (2090) (7) | 100.0 | % | Acquired 1998 | 95.3 | % | 2,339,241 | Bloomingdale's, Nordstrom, Macy's, JCPenney, Dick's Sporting Goods, AMC Entertainment, XSport Fitness, Neiman Marcus, Primark, Residence Inn by Marriott | ||||||
| 62. | Ross Park Mall | PA | Pittsburgh | Fee | 100.0 | % | Built 1986 | 99.2 | % | 1,059,831 | JCPenney, Nordstrom, L.L. Bean, Macy's (8), Crate & Barrel, Dick's House of Sport (6) | ||||||
| 63. | Santa Rosa Plaza | CA | Santa Rosa | Fee | 100.0 | % | Acquired 1998 | 95.4 | % | 693,275 | Macy's, Forever 21 | ||||||
| 64. | Shops at Chestnut Hill, The | MA | Chestnut Hill (Boston) | Fee | 94.4 | % | Acquired 2002 | 99.4 | % | 470,062 | Bloomingdale's (8) | ||||||
| 65. | Shops at Clearfork, The | TX | Fort Worth | Fee | 45.0 | % (4) | Built 2017 | 96.6 | % | 546,734 | Neiman Marcus, Arhaus Furniture, AMC Theatres, Pinstripes, (16) | ||||||
| 66. | Shops at Crystals, The | NV | Las Vegas | Fee | 50.0 | % (4) | Acquired 2016 | 90.1 | % | 270,321 | Aria Resort and Casino (15) | ||||||
| 67. | Shops at Mission Viejo, The | CA | Mission Viejo (Los Angeles) | Fee | 51.0 | % (4) | Built 1979 | 96.6 | % | 1,235,937 | Nordstrom, Macy's (8), Dick's Sporting Goods | ||||||
| 68. | Shops at Nanuet, The | NY | Nanuet | Fee | 100.0 | % | Redeveloped 2013 | 80.2 | % | 757,953 | Regal Cinema, 24 Hour Fitness, At Home, Stop & Shop | ||||||
| 69. | Shops at Riverside, The | NJ | Hackensack (New York) | Fee | 100.0 | % | Acquired 2007 | 94.1 | % | 726,571 | Bloomingdale's, Barnes & Noble, Arhaus Furniture, AMC Theatres, Life Time Studio | ||||||
| 70. | Smith Haven Mall | NY | Lake Grove (New York) | Fee | 25.0 | % (4) (2) | Acquired 1995 | 96.3 | % | 1,249,956 | Macy's (8), Dick's Sporting Goods, Barnes & Noble, L.L. Bean, Primark (6), Stony Brook Medical (6) | ||||||
| 71. | South Hills Village | PA | Pittsburgh | Fee | 100.0 | % | Acquired 1997 | 95.3 | % | 1,128,032 | Macy's (8), Barnes & Noble, AMC Cinemas, Dick's Sporting Goods, Target, DSW, Ulta, Von Maur (6) | ||||||
| 72. | South Shore Plaza | MA | Braintree (Boston) | Fee | 100.0 | % | Acquired 1998 | 93.5 | % | 1,590,682 | Macy's, Sears, Nordstrom, Target, Primark | ||||||
| 73. | Southdale Center | MN | Edina (Minneapolis) | Fee | 100.0 | % | Acquired 2007 | 89.1 | % | 1,102,671 | Macy's, AMC Theatres, Dave & Buster's, RH Minneapolis, Life Time Athletic, Life Time Work/Sport, Kowalski's Grocery (6), Homewood Suites by Hilton, (16) | ||||||
| 74. | SouthPark | NC | Charlotte | Fee and Ground Lease (2040) (9) | 100.0 | % | Acquired 2002 | 97.4 | % | 1,688,401 | Neiman Marcus, Nordstrom, Macy's, Dillard's, Belk, Dick's Sporting Goods, Crate & Barrel, The Container Store, (16) | ||||||
| 75. | Springfield Mall (1) | PA | Springfield (Philadelphia) | Fee | 50.0 | % (4) | Acquired 2005 | 95.5 | % | 610,135 | Macy's, Target | ||||||
| 76. | St. Charles Towne Center | MD | Waldorf (Washington, DC) | Fee | 100.0 | % | Built 1990 | 84.8 | % | 980,164 | Macy's (8), JCPenney, Kohl's, Dick Sporting Goods, AMC Theatres | ||||||
| 77. | St. Johns Town Center | FL | Jacksonville | Fee | 50.0 | % (4) | Built 2005 | 96.4 | % | 1,456,609 | Nordstrom, Dillard's, Arhaus Furniture, Dick's Sporting Goods, Barnes & Noble, RH Jacksonville, Homewood Suites by Hilton (15), AC Hotel by Marriott (6) | ||||||
| | | | | | | | | | | | | | | | | Target, Ashley Furniture Home Store, Ross, DSW, JoAnn Fabrics, PetsMart, Marshalls | |
| 78. | Stanford Shopping Center | CA | Palo Alto (San Jose) | Ground Lease (2064) | 94.4 | % (11) | Acquired 2003 | 97.7 | % | 1,291,362 | Neiman Marcus, Bloomingdale's, Nordstrom, Macy's, Crate and Barrel, The Container Store, RH Palo Alto (6) | ||||||
| 79. | Stoneridge Shopping Center | CA | Pleasanton (San Francisco) | Fee | 49.9 | % (4) | Acquired 2007 | 94.5 | % | 1,299,747 | Macy's (8), JCPenney, Arhaus Furniture (6) | ||||||
| 80. | Summit Mall | OH | Akron | Fee | 100.0 | % | Built 1965 | 92.1 | % | 773,839 | Dillard's (8), Macy's, Arhaus Furniture | ||||||
| 81. | Tacoma Mall | WA | Tacoma (Seattle) | Fee | 100.0 | % | Acquired 1987 | 93.7 | % | 1,245,167 | Nordstrom, Macy's, JCPenney, Dick's Sporting Goods, Nordstrom Rack, Total Wine and More, Ulta, Kohl's | ||||||
| 82. | Tippecanoe Mall | IN | Lafayette | Fee | 100.0 | % | Built 1973 | 84.4 | % | 864,755 | Macy's, JCPenney, Kohl's, Dick's Sporting Goods, Malibu Jack's | ||||||
| 83. | Town Center at Boca Raton | FL | Boca Raton (Miami) | Fee | 100.0 | % | Acquired 1998 | 97.2 | % | 1,779,508 | Saks Fifth Avenue, Neiman Marcus, Bloomingdale's, Nordstrom, Macy's, Crate & Barrel, The Container Store, Joseph's Classic Market, Arhaus Furniture | ||||||
| 84. | Towne East Square | KS | Wichita | Fee | 100.0 | % | Built 1975 | 99.8 | % | 1,157,209 | Dillard's, Von Maur, JCPenney, Round 1, Scheels (6) |
Simon Property Group, Inc.
Simon Property Group, L.P.
Property Table
U.S. Properties
| | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | | | | | | Ownership Interest | | | | Year Built | | | | | | |
| | | | | | | | (Expiration if | | Legal | | or | | | | | | |
| | Property Name | State | City (CBSA) | Lease) (3) | Ownership | Acquired | Occupancy (5) | Total GLA | Selected Larger Retailers and Uses | ||||||||
| 85. | Treasure Coast Square | FL | Jensen Beach | Fee | 100.0 | % | Built 1987 | 90.2 | % | 875,148 | Macy's, Dillard's, JCPenney, Regal Cinema | ||||||
| 86. | Tyrone Square | FL | St. Petersburg (Tampa) | Fee | 100.0 | % | Built 1972 | 91.3 | % | 961,189 | Macy's, Dillard's, JCPenney, DSW, Cobb 10 Luxury Theatres, Dick's Sporting Goods, Hitchcock's Green Market, PetSmart | ||||||
| 87. | University Park Mall | IN | Mishawaka | Fee | 100.0 | % | Built 1979 | 92.6 | % | 918,823 | Macy's, JCPenney, Barnes & Noble | ||||||
| 88. | Walt Whitman Shops | NY | Huntington Station (New York) | Fee and Ground Lease (2052) (7) | 100.0 | % | Acquired 1998 | 92.9 | % | 1,084,200 | Saks Fifth Avenue, Bloomingdale’s, Macy’s | ||||||
| 89. | West Town Mall | TN | Knoxville | Fee and Ground Lease (2042) | 50.0 | % (4) | Acquired 1991 | 97.6 | % | 1,282,228 | Belk (8), Dillard’s, JCPenney, Regal Cinebarre Theatre, Dick's House of Sport, Tesla Sales and Service | ||||||
| 90. | Westchester, The | NY | White Plains (New York) | Fee | 40.0 | % (4) | Acquired 1997 | 93.2 | % | 805,026 | Neiman Marcus, Nordstrom, Crate and Barrel, Arhaus Furniture | ||||||
| 91. | White Oaks Mall | IL | Springfield | Fee | 80.7 | % | Built 1977 | 71.4 | % | 942,837 | Macy's, Dick's Sporting Goods, LA Fitness, Michael's, State of Illinois Department of Central Management Services (6) | ||||||
| 92. | Wolfchase Galleria | TN | Memphis | Fee | 94.5 | % | Acquired 2002 | 98.6 | % | 1,151,438 | Macy's, Dillard's, JCPenney, Malco Theatres, Courtyard by Marriott (14) | ||||||
| 93. | Woodfield Mall | IL | Schaumburg (Chicago) | Fee | 50.0 | % (4) | Acquired 2012 | 94.7 | % | 2,153,078 | Nordstrom, Macy's, JCPenney, Enterrium, Peppa Pig World of Play | ||||||
| 94. | Woodland Hills Mall | OK | Tulsa | Fee | 94.5 | % | Acquired 2002 | 97.8 | % | 1,236,902 | Macy's, Dillard's, JCPenney, Scheel's (6), Holiday Inn Express (15), Courtyard by Marriott (15) | ||||||
| | Total Mall GLA | | | | | | | | | | | | | | 107,200,443 | (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 | | 87.8 | % | 328,432 | | Coach, Gap Outlet, Kate Spade New York, Lululemon, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Under Armour |
| 2. | Allen Premium Outlets | | TX | | Allen (Dallas) | | Fee | | 100.0 | % | Acquired 2004 | | 99.3 | % | 548,443 | | Adidas, Armani Outlet, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, 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 | | 85.1 | % | 271,249 | | Calvin Klein, Coach, Gap Outlet, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger, Under Armour |
| 4. | Birch Run Premium Outlets | | MI | | Birch Run (Detroit) | | Fee | | 100.0 | % | Acquired 2010 | | 89.0 | % | 593,698 | | 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 | | 98.7 | % | 691,550 | | Adidas, Calvin Klein, Coach, Columbia Sportswear, Giorgio Armani, H&M, Kate Spade New York, Lululemon, Michael Kors, 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 | | 99.0 | % | 288,926 | | Adidas, Calvin Klein, Coach, 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 | | 96.3 | % | 438,730 | | 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 | | 98.0 | % | 398,353 | | 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 | | 98.4 | % | 687,157 | | Adidas, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, RH Outlet, Saks Fifth Avenue Off 5th, Under Armour |
| 10. | Cincinnati Premium Outlets | | OH | | Monroe (Cincinnati) | | Fee | | 100.0 | % | Built 2009 | | 98.4 | % | 398,957 | | Adidas, Calvin Klein, Coach, Gap Outlet, J.Crew, Kate Spade New York, Marc Jacobs, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger, Tory Burch, Under Armour |
| 11. | Clarksburg Premium Outlets | | MD | | Clarksburg (Washington, DC) | | Fee | | 66.0 | % (4) | Built 2016 | | 89.3 | % | 390,120 | | Armani Outlet, A/X Armani Exchange, Adidas, Calvin Klein, Coach, Columbia Sportswear, Express, Kate Spade New York, Lafayette 148 New York, Marc Jacobs, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, Tommy Hilfiger, Tory Burch, Under Armour, Vince |
| 12. | Clinton Premium Outlets | CT | Clinton | Fee | 100.0 | % | Acquired 2004 | 100.0 | % | 276,225 | 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 | 100.0 | % | 328,101 | Adidas, 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, Staybridge Suites (15) | ||||||
| 14. | Desert Hills Premium Outlets | CA | Cabazon (Palm Springs) | Fee | 100.0 | % | Acquired 2004 | 99.8 | % | 652,137 | Alexander McQueen, Armani Outlet, Balenciaga, Bottega Veneta, 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 | 98.4 | % | 477,162 | 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 | 87.6 | % | 298,038 | 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 | 85.1 | % | 578,505 | Adidas, Calvin Klein, Coach, Columbia Sportswear, J.Crew, Kate Spade New York, Lululemon, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger | ||||||
| 18. | Gloucester Premium Outlets | NJ | Blackwood (Philadelphia) | Fee | 66.7 | % | Built 2015 | 90.4 | % | 378,508 | 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 | 98.9 | % | 423,684 | Banana Republic, Bloomingdale's The Outlet Store, 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 | 82.9 | % | 531,059 | 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 | 91.4 | % | 300,179 | 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 | 56.1 | % | 485,633 | Adidas, American Eagle Outfitters, Brooks Brothers, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, Guess, Kate Spade New York, Loft Outlet, The North Face, Under Armour | ||||||
| 23. | Houston Premium Outlets | TX | Cypress (Houston) | Fee | 100.0 | % | Built 2008 | 99.8 | % | 548,219 | Ann Taylor, A/X Armani Exchange, Banana Republic, Brooks Brothers, Burberry, Calvin Klein, Coach, 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 | 91.1 | % | 378,015 | 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 | 95.9 | % | 285,595 | Adidas, American Eagle Outfitters, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, J.Crew, Loft Outlet, Kate Spade New York, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour | ||||||
| 26. | Jersey Shore Premium Outlets | NJ | Tinton Falls (New York) | Fee | 100.0 | % | Built 2008 | 100.0 | % | 434,491 | Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Columbia Sportswear, J.Crew, Kate Spade New York, Marc Jacobs, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour, Vineyard Vines | ||||||
| 27. | Johnson Creek Premium Outlets | WI | Johnson Creek | Fee | 100.0 | % | Acquired 2004 | 87.6 | % | 277,663 | 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 | 86.2 | % | 259,480 | Adidas, Ann Taylor, Banana Republic, Calvin Klein, Coach, Columbia Sportswear, Express Factory Outlet, Gap Outlet, J.Crew, Kate Spade New York, New Balance, Nike, Polo Ralph Lauren, Tommy Hilfiger, Tumi | ||||||
| 29. | Las Americas Premium Outlets | CA | San Diego | Fee | 100.0 | % | Acquired 2007 | 99.3 | % | 554,300 | 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 | 98.2 | % | 676,270 | 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, Michael Kors, Nike, Polo Ralph Lauren, Roberto Cavalli, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, Shake Shack, Tory Burch |
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 |
| 31. | Las Vegas South Premium Outlets | NV | Las Vegas | Fee | 100.0 | % | Acquired 2004 | 98.9 | % | 535,765 | 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 | ||||||
| 32. | Lee Premium Outlets | MA | Lee | Fee | 100.0 | % | Acquired 2010 | 95.3 | % | 224,717 | Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, J.Crew, Kate Spade New York, Levi's, Loft Outlet, Michael Kors, Polo Ralph Lauren, Skechers, Tommy Hilfiger, Under Armour | ||||||
| 33. | Leesburg Premium Outlets | VA | Leesburg (Washington, DC) | Fee | 100.0 | % | Acquired 2004 | 100.0 | % | 478,218 | Adidas, Ann Taylor, Armani Outlet, A/X Armani Exchange, Brooks Brothers, Burberry, Coach, Columbia Sportswear, J.Crew, Kate Spade New York, Marc Jacobs, Michael Kors, Nike, Polo Ralph Lauren, RH Outlet, Salvatore Ferragamo, Tory Burch, Under Armour, Vineyard Vines, Williams-Sonoma | ||||||
| 34. | Lighthouse Place Premium Outlets | IN | Michigan City (Chicago, IL) | Fee | 100.0 | % | Acquired 2004 | 88.1 | % | 454,790 | 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 | 98.7 | % | 408,896 | Ann Taylor, Banana Republic, Barbour, Bloomingdale's The Outlet Store, Brooks Brothers, Calvin Klein, Coach, J.Crew, Kate Spade New York, Marc Jacobs, 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 | 94.4 | % | 179,427 | 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 | 90.6 | % | 332,284 | 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, Puma, The North Face, Tommy Hilfiger, Tory Burch, Under Armour | ||||||
| 38. | North Bend Premium Outlets | WA | North Bend (Seattle) | Fee | 100.0 | % | Acquired 2004 | 77.6 | % | 189,132 | 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 | 94.7 | % | 540,753 | 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, The North Face, Tommy Hilfiger, Tory Burch, West Elm, Williams-Sonoma | ||||||
| 40. | Orlando International Premium Outlets | FL | Orlando | Fee | 100.0 | % | Acquired 2010 | 99.0 | % | 774,225 | Adidas, Armani Outlet, Calvin Klein, Carhartt, Coach, Columbia Sportswear, H&M, J.Crew, Karl Lagerfeld, Kate Spade New York, Marc Jacobs, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, St. John, The North Face, Tommy Hilfiger, Tory Burch, Under Armour | ||||||
| 41. | Orlando Vineland Premium Outlets | FL | Orlando | Fee | 100.0 | % | Acquired 2004 | 98.6 | % | 657,586 | Adidas, All Saints, Armani Outlet, Bally, Bottega Veneta, Brunello Cucinelli, Burberry, Calvin Klein, Carolina Herrera, Coach, Ermenegildo Zegna, Jimmy Choo, Kate Spade New York, Lacoste, Lululemon, Michael Kors, Nike, Prada, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, TAG Heuer, The North Face, Tod's, Tommy Hilfiger, Tory Burch, Under Armour, Versace | ||||||
| 42. | Petaluma Village Premium Outlets | CA | Petaluma (San Francisco) | Fee | 100.0 | % | Acquired 2004 | 92.8 | % | 201,656 | Adidas, 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 | 96.8 | % | 549,155 | 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, RH Outlet, 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 |
| 44. | Phoenix Premium Outlets | AZ | Chandler (Phoenix) | Ground Lease (2077) | 100.0 | % | Built 2013 | 94.6 | % | 356,508 | 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 | 92.2 | % | 147,603 | Calvin Klein, Coach, Guess, Kate Spade New York, Levi's, Nike, Polo Ralph Lauren, Skechers, Tommy Hilfiger | ||||||
| 46. | Pleasant Prairie Premium Outlets | WI | Pleasant Prairie (Chicago, IL/Milwaukee) | Fee | 100.0 | % | Acquired 2010 | 90.9 | % | 402,410 | 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 | ||||||
| 47. | Puerto Rico Premium Outlets | PR | Barceloneta | Fee | 100.0 | % | Acquired 2010 | 96.8 | % | 353,161 | Adidas, Calvin Klein, Coach, Gap Outlet, Invicta, Lacoste, Michael Kors, Nike, Polo Ralph Lauren, Puma, Tommy Hilfiger | ||||||
| 48. | Queenstown Premium Outlets | MD | Queenstown (Baltimore) | Fee | 100.0 | % | Acquired 2010 | 90.6 | % | 289,421 | 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 | 88.6 | % | 603,929 | Adidas, Ann Taylor, Armani Outlet, A/X Armani Exchange, Banana Republic, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, H&M, Kate Spade New York, Levi's, 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 | 99.2 | % | 498,409 | 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, Embassy Suites (15), (16) | ||||||
| 51. | San Francisco Premium Outlets | CA | Livermore (San Francisco) | Fee and Ground Lease (2026) (9) | 100.0 | % | Built 2012 | 97.1 | % | 697,167 | All Saints, Arc'teryx, 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 | 97.5 | % | 738,456 | Armani Outlet, Banana Republic, Burberry, CH Carolina Herrera, Gucci, J. Crew, Jimmy Choo, Kate Spade New York, Lacoste, Lululemon, Neiman Marcus Last Call, Marc Jacobs, Michael Kors, Pandora, Polo Ralph Lauren, Pottery Barn, Prada, RH Outlet, 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 | 97.4 | % | 554,515 | 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, 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 | 89.0 | % | 450,989 | Adidas, Banana Republic, Brooks Brothers, Coach, Columbia Sportswear, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Puma, Saks Fifth Avenue Off 5th, The North Face, Tommy Hilfiger, Tory Burch, Under Armour, Vera Bradley | ||||||
| 55. | St. Augustine Premium Outlets | FL | St. Augustine (Jacksonville) | Fee | 100.0 | % | Acquired 2004 | 100.0 | % | 327,713 | Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, J.Crew, Kate Spade New York, Lucky Brand, Nike, Polo Ralph Lauren, Puma, St. John, Tommy Hilfiger, Under Armour | ||||||
| 56. | St. Louis Premium Outlets | MO | St. Louis (Chesterfield) | Fee | 60.0 | % (4) | Built 2013 | 96.6 | % | 351,174 | Adidas, Ann Taylor, Brooks Brothers, Coach, Gap Outlet, H&M, J. Crew, Kate Spade New York, Levi's, Michael Kors, Nike, Polo Ralph Lauren, Puma, Tommy Hilfiger, Ugg, Under Armour, Vera Bradley |
Simon Property Group, Inc.
Simon Property Group, L.P.
Property Table
U.S. Properties
| | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | | | | | | Ownership Interest | | | | Year Built | | | | | | |
| | | | | | | | (Expiration if | | Legal | | Or | | | | | | |
| | Property Name | | State | | City (CBSA) | | Lease) (3) | | Ownership | | Acquired | | Occupancy (5) | | Total GLA | | Selected Tenants |
| 57. | Tampa Premium Outlets | FL | Lutz (Tampa) | Fee | 100.0 | % | Built 2015 | 100.0 | % | 459,837 | Adidas, A/X 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, Marc Jacobs, 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 | 98.7 | % | 355,243 | 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 | 89.4 | % | 352,706 | Banana Republic, Brooks Brothers, Coach, Gap Outlet, Kate Spade New York, Michael Kors, Nike, Tommy Hilfiger | ||||||
| 60. | The Crossings Premium Outlets | PA | Tannersville | Fee and Ground Lease (2029) (7) | 100.0 | % | Acquired 2004 | 97.2 | % | 411,909 | Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Johnny Rockets, Kate Spade New York, Loft Outlet, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger, Under Armour, Vera Bradley | ||||||
| 61. | Tucson Premium Outlets | AZ | Marana (Tucson) | Fee | 100.0 | % | Built 2015 | 81.9 | % | 363,470 | Adidas, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, Guess, 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 | 91.9 | % | 408,985 | 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, Saks Fifth Avenue Off 5th, Talbots, Under Armour | ||||||
| 63. | Vacaville Premium Outlets | CA | Vacaville | Fee | 100.0 | % | Acquired 2004 | 96.7 | % | 447,309 | 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 | 94.0 | % | 219,475 | Adidas, Armani Outlet, 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 | 77.0 | % | 421,862 | American Eagle Outfitters, Banana Republic, Brooks Brothers, Calvin Klein, Chico’s, Coach, Columbia Sportswear, H&M, J.Crew, Kate Spade New York, 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 | 95.7 | % | 518,979 | 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, Puma, The North Face, Timberland, Tommy Bahama, Tommy Hilfiger, Under Armour, Vera Bradley, Vineyard Vines | ||||||
| 67. | Woodburn Premium Outlets | OR | Woodburn (Portland) | Fee | 100.0 | % | Acquired 2013 | 96.5 | % | 389,491 | Adidas, Ann Taylor, Banana Republic, Calvin Klein, Coach, Gap Outlet, 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 | 98.7 | % | 913,889 | Arc'teryx, Armani Outlet, Balenciaga, Balmain, Bottega Veneta, Breitling, Brioni, Brunello Cucinelli, Burberry, Canali, Celine, Chloe, Coach, Dior, Dolce & Gabbana, Dunhill, Fendi, Givenchy, Golden Goose, Gucci, Jimmy Choo, Lacoste, Loewe, Longchamp, Loro Piana, Marc Jacobs, Michael Kors, Moncler, Mulberry, Nike, Polo Ralph Lauren, Prada, Saint Laurent, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, Santoni, Shake Shack, Stone Island, Stuart Weitzman, Theory, Tod's, Tom Ford, Tory Burch, Valentino, Versace, Zegna |
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 |
| 69. | Wrentham Village Premium Outlets | MA | Wrentham (Boston) | Fee | 100.0 | % | Acquired 2004 | 98.5 | % | 672,864 | Adidas, All Saints, Armani Outlet, Banana Republic, Bloomingdale's The Outlet Store, Brooks Brothers, Burberry, Calvin Klein, Coach, David Yurman, Gucci, Karl Lagerfeld, Kate Spade New York, Lacoste, Lululemon, Marc Jacobs, Michael Kors, Nike, Polo Ralph Lauren, Prada, Puma, RH Outlet, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, Theory, Tommy Hilfiger, Tory Burch, Under Armour, Vineyard Vines | ||||||
| | Total U.S. Premium Outlets GLA | | | | | | | | | | | | | | 30,412,957 | | |
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 | 90.9 | % | 1,223,939 | Marshalls, Burlington, Ross, Harkins Cinemas & IMAX, Sea Life Center, Conn's, Legoland, Forever 21, dd's Discounts, Going, Going, Gone by Dick's Sporting Goods, Rainforest Café | ||||||
| 2. | Arundel Mills | MD | Hanover (Baltimore) | Fee | 59.3 | % (4) | Acquired 2007 | 100.0 | % | 1,939,318 | Bass Pro Shops Outdoor World, Burlington, Dave & Buster's, Medieval Times, Saks Fifth Avenue Off 5th, Off Broadway Shoe Warehouse, T.J. Maxx, Cinemark Egyptian 24 Theatres, Live! Casino Hotel, Forever 21, Ulta, Sun & Ski, Primark (6) | ||||||
| 3. | Colorado Mills | CO | Lakewood (Denver) | Fee | 37.5 | % (4) | Acquired 2007 | 96.7 | % | 1,365,197 | Forever 21, Off Broadway Shoe Warehouse, Super Target, United Artists Theatre, Burlington, H&M, Dick's Sporting Goods, Rodz & Bodz Museum Movie Cars & More, Slick City Action Park, 2nd & Charles, Springhill Suites (15) | ||||||
| 4. | Concord Mills | NC | Concord (Charlotte) | Fee | 59.3 | % (4) | Acquired 2007 | 99.2 | % | 1,366,722 | Bass Pro Shops Outdoor World, Burlington, Dave & Buster's, Nike Factory Store, Off Broadway Shoes, AMC Theatres, Best Buy, Forever 21, Sea Life Center, H&M, Dick's Sporting Goods, Alex Baby & Toy, Primark (6) | ||||||
| 5. | Grapevine Mills | TX | Grapevine (Dallas) | Fee | 59.3 | % (4) | Acquired 2007 | 99.4 | % | 1,781,508 | Burlington, Marshalls, Saks Fifth Avenue Off 5th, AMC Theatres, Sun & Ski Sports, Neiman Marcus Last Call, Legoland Discovery Center, Sea Life Center, Ross, H&M, Round 1 Entertainment, Fieldhouse USA, Rainforest Café, Meow Wolf (6), Macy's Backstage, Springhill Suites (15), Hyatt Place (15), Hawthorn (15) | ||||||
| 6. | Great Mall | CA | Milpitas (San Jose) | Fee and Ground Lease (2049) (7) | 100.0 | % | Acquired 2007 | 99.7 | % | 1,368,378 | Camille La Vie, Kohl's, Dave & Buster's, Burlington, Marshalls, Saks Fifth Avenue Off 5th, Nike Factory Store, Century Theatres, Dick's Sporting Goods, Legoland Discovery Center | ||||||
| 7. | Gurnee Mills | IL | Gurnee (Chicago) | Fee | 100.0 | % | Acquired 2007 | 95.2 | % | 1,807,323 | Bass Pro Shops Outdoor World, Burlington, Kohl's, Marshalls Home Goods, Marcus Cinemas, Value City Furniture, Off Broadway Shoe Warehouse, Macy's, Floor & Decor, Dick's Sporting Goods, Rainforest Café, The Room Place, 2nd & Charles, Hobby Lobby | ||||||
| 8. | Katy Mills | TX | Katy (Houston) | Fee | 62.5 | % (4) (2) | Acquired 2007 | 99.1 | % | 1,773,261 | Bass Pro Shops Outdoor World, Books-A-Million, Burlington, Marshalls, Saks Fifth Avenue Off 5th, Sun & Ski Sports, AMC Theatres, Tilt, Ross, H&M, RH Outlet, Rainforest Café, Slick City (6) | ||||||
| 9. | Mills at Jersey Gardens, The | NJ | Elizabeth | Fee | 100.0 | % | Acquired 2015 | 99.9 | % | 1,304,792 | Burlington, Cohoes, Forever 21, AMC Theatres, Marshalls, Nike Factory Store, Saks 5th Avenue Off 5th, H&M, Tommy Hilfiger, Bloomingdale's Outlet, Potterty Barn Outlet, Primark (6), Residence Inn (15), Courtyard by Marriott (15), Embassy Suites (15), Country Inn & Suites (15) | ||||||
| 10. | Ontario Mills | CA | Ontario (Riverside) | Fee | 50.0 | % (4) | Acquired 2007 | 100.0 | % | 1,421,635 | Burlington, 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, Skechers Superstore, Rainforest Café, Nitori, Pottery Barn + West Elm Outlet | ||||||
| 11. | Opry Mills | TN | Nashville | Fee | 100.0 | % | Acquired 2007 | 97.0 | % | 1,174,650 | Regal Cinema & IMAX, Dave & Buster's, Sun & Ski, Bass Pro Shops Outdoor World, Forever 21, H&M, Madame Tussauds, TJ Maxx (6), Rainforest Café, Aquarium Restaurant | ||||||
| 12. | Outlets at Orange, The | CA | Orange (Los Angeles) | Fee | 100.0 | % | Acquired 2007 | 99.3 | % | 867,114 | Dave & Buster’s, Saks Fifth Avenue Off 5th, AMC Theatres, Neiman Marcus Last Call, Nordstrom Rack, Bloomingdale's the Outlet Store, Guitar Center, Nike Factory Store | ||||||
| 13. | Potomac Mills | VA | Woodbridge (Washington, DC) | Fee | 100.0 | % | Acquired 2007 | 99.0 | % | 1,555,729 | Marshalls, T.J. Maxx, JCPenney, Burlington, Nordstrom Rack, Saks Fifth Avenue Off 5th Outlet, Costco Warehouse, AMC Theatres, Bloomingdale's Outlet, Buy Buy Baby/and That!, Round 1 | ||||||
| 14. | Sawgrass Mills | FL | Sunrise (Miami) | Fee | 100.0 | % | Acquired 2007 | 97.9 | % | 2,361,359 | Bed Bath & Beyond (13), BrandsMart USA, Burlington, Marshalls, Neiman Marcus Last Call, Nordstrom Rack, Saks Fifth Avenue Off 5th, Super Target, T.J. Maxx, Regal Cinema, Bloomingdale's Outlet, Dick's Sporting Goods, Primark, HomeSense (6), AC Hotel by Marriott | ||||||
| | Total Mills Properties GLA | | | | | | | | | | | | | | 21,310,925 | | |
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 | 100.0 | % | 228,591 | Anthropologie, Apple, Pottery Barn | ||||||
| 2. | Hamilton Town Center | IN | Noblesville (Indianapolis) | Fee | 50.0 | % (4) | Built 2008 | 99.1 | % | 675,683 | JCPenney, Dick's Sporting Goods, Bed Bath & Beyond (13), DSW, Emagine Noblesville, Total Wine & More, BJ's Wholesale, Big Blue Swim School (6) | ||||||
| 3. | Liberty Tree Mall | MA | Danvers (Boston) | Fee | 49.1 | % (4) | Acquired 1999 | 85.3 | % | 862,079 | Marshalls, Target, Kohl's, Best Buy, Staples, AMC Theatres, Nordstrom Rack, Off Broadway Shoes, Sky Zone, Total Wine & More, Aldi | ||||||
| 4. | Northgate Station | WA | Seattle | Fee | 100.0 | % | Redeveloped 2021 | N/A | (17) | 416,240 | (17) | Kraken Community Iceplex, Barnes & Noble, Bed Bath & Beyond, Nordstrom Rack, Residence Inn by Marriott (6) | |||||
| 5. | Pier Park | FL | Panama City Beach | Fee | 65.6 | % (4) | Built 2008 | 99.8 | % | 948,207 | Dillard's, JCPenney, Target, Grand Theatres, Ron Jon Surf Shop, Margaritaville, Marshalls, Dave & Buster's, Skywheel | ||||||
| 6. | University Park Village | TX | Fort Worth | Fee | 100.0 | % | Acquired 2015 | 100.0 | % | 171,065 | Anthropologie, Apple, Pottery Barn | ||||||
| | Total Lifestyle Centers GLA | | | | | | | | | | | | | | 3,301,865 | | |
| | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
| | Other Properties | | | | | | | | | | | | | | | | |
| 1 - 11. | Other Properties | | | | | | | | | | | | | 7,614,268 | | ||
| 12 - 13. | TMLP | | | | | | | | | Acquired 2007 | | | 2,782,708 | | |||
| | Total Other GLA | | | | | | | | | | | | | | 10,396,976 | (18) | |
| | Total U.S. Properties GLA | | | | | | | | | | | | | | 172,623,166 | | |
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 | ||||||||
| | Domestic Taubman | | | | | | | | | | | | | | | | |
| 1. | Beverly Center | CA | Los Angeles | Ground Lease (2054) | 80.0 | % (4) | Acquired 2020 | 92.4 | % | 780,000 | Bloomingdale's, Macy's | ||||||
| 2. | Cherry Creek Shopping Center | CO | Denver | Ground Lease (2083) | 40.0 | % (4) | Acquired 2020 | 97.3 | % | 1,038,000 | Macy's, Neiman Marcus, Nordstrom | ||||||
| 3. | City Creek Center | UT | Salt Lake City | Ground Lease (2082) | 80.0 | % (4) | Acquired 2020 | 97.9 | % | 623,000 | Macy's, Nordstrom | ||||||
| 4. | Country Club Plaza | MO | Kansas City | Fee | 40.0 | % (4) | Acquired 2020 | 80.9 | % | 971,000 | Barnes & Noble, Brio Italian, Banana Republic | ||||||
| 5. | Dolphin Mall | FL | Miami | Fee | 80.0 | % (4) | Acquired 2020 | 99.8 | % | 1,436,000 | Bass Pro Shops, Cobb Theatres, Burlington, Dave & Busters | ||||||
| 6. | Fair Oaks Mall | VA | Fairfax | Fee | 40.0 | % (4) | Acquired 2020 | 94.4 | % | 1,560,000 | JC Penney, Macy's (8), Dicks Sporting Goods | ||||||
| 7. | Gardens Mall, The | FL | Palm Beach Gardens | Fee | 40.0 | % (4) | Acquired 2020 | 96.0 | % | 1,383,000 | Bloomingdale's, Macy's, Nordstrom, Saks Fifth Avenue, Sears | ||||||
| 8. | Gardens on El Paseo, The | CA | Palm Desert | Fee | 80.0 | % (4) | Acquired 2020 | 99.4 | % | 237,000 | Saks Fifth Avenue | ||||||
| 9. | Great Lakes Crossing Outlets | MI | Auburn Hills | Fee | 80.0 | % (4) | Acquired 2020 | 91.7 | % | 1,356,000 | AMC Theatre, Bass Pro Shops, Burlington, Round 1, Nordstrom Rack | ||||||
| 10. | International Market Place | HI | Waikiki (Honolulu) | Ground Lease (2091) | 74.8 | % (4) | Acquired 2020 | 91.8 | % | 341,000 | Anthropologie, Balenciaga, Burberry, StripSteak, Target (6) | ||||||
| 11. | International Plaza | FL | Tampa | Ground Lease (2080) | 40.1 | % (4) | Acquired 2020 | 97.8 | % | 1,177,000 | Dillard's, Neiman Marcus, Nordstrom, LifeTime Fitness | ||||||
| 12. | Mall at Green Hills, The | TN | Nashville | Fee | 80.0 | % (4) | Acquired 2020 | 94.7 | % | 1,036,000 | Dillard's, Macy's, Nordstrom | ||||||
| 13. | Mall at Millenia, The | FL | Orlando | Fee | 40.0 | % (4) | Acquired 2020 | 94.5 | % | 1,113,000 | Bloomingdale's, Macy's, Neiman Marcus | ||||||
| 14. | Mall at Short Hills, The | NJ | Short Hills | Fee | 80.0 | % (4) | Acquired 2020 | 99.1 | % | 1,411,000 | Bloomingdale's, Macy's, Neiman Marcus, Nordstrom, Industrious | ||||||
| 15. | Mall at University Town Center, The | FL | Sarasota | Fee | 40.0 | % (4) | Acquired 2020 | 99.8 | % | 867,000 | Dillard's, Macy's, Saks Fifth Avenue | ||||||
| 16. | Mall of San Juan, The | PR | San Juan | Fee | 76.0 | % (4) | Acquired 2020 | 93 | % | 628,000 | H&M, Zara, Pottery Barn, Urban Outfitters, Anthropologie | ||||||
| 17. | Sunvalley | CA | Concord | Ground Lease (2061) | 40.0 | % (4) | Acquired 2020 | 98.5 | % | 1,324,000 | JC Penney, Macy's (8), Sears | ||||||
| 18. | Twelve Oaks Mall | MI | Novi | Fee | 80.0 | % (4) | Acquired 2020 | 97.2 | % | 1,517,000 | JC Penney, Macy's, Nordstrom | ||||||
| 19. | Waterside Shops | FL | Naples | Fee | 40.0 | % (4) | Acquired 2020 | 95.6 | % | 335,000 | Saks Fifth Avenue | ||||||
| 20. | Westfarms | CT | West Hartford | Fee | 63.2 | % (4) | Acquired 2020 | 97.4 | % | 1,268,000 | JC Penney, Macy's (8), Nordstrom | ||||||
| | Total Domestic Taubman Properties GLA | | | | | | | | | | | | | | 20,401,000 | | |
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. |
|---|
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, 2022. The data presented does not consider the impact of renewal options that may be contained in leases and excludes data related to TRG.
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 12/31/2022 | Revenues (2) | | |||||
| Inline Stores and Freestanding | | | | | | | | | | |
| Month to Month Leases | | 1,197 | | 4,600,332 | | $ | 54.92 | | 4.6 | % |
| 2023 | | 2,918 | | 11,111,252 | | $ | 57.89 | | 10.6 | % |
| 2024 | | 3,031 | | 11,779,091 | | $ | 53.50 | | 11.7 | % |
| 2025 | | 2,061 | | 7,872,305 | | $ | 59.78 | | 8.7 | % |
| 2026 | | 1,576 | | 6,060,873 | | $ | 57.22 | | 6.4 | % |
| 2027 | | 1,379 | | 5,386,750 | | $ | 59.97 | | 5.9 | % |
| 2028 | | 908 | | 4,539,211 | | $ | 59.60 | | 5.0 | % |
| 2029 | | 835 | | 3,441,590 | | $ | 66.15 | | 4.1 | % |
| 2030 | | 505 | | 2,459,172 | | $ | 66.64 | | 2.9 | % |
| 2031 | | 334 | | 1,801,984 | | $ | 56.17 | | 1.8 | % |
| 2032 | | 395 | | 1,474,071 | | $ | 73.08 | | 2.0 | % |
| 2033 and Thereafter | | 546 | | 2,272,878 | | $ | 49.71 | | 2.2 | % |
| Specialty Leasing Agreements w/ terms in excess of 12 months | | 2,457 | | 6,581,230 | | $ | 19.70 | | 2.5 | % |
| Anchors | | | | | | | | | | |
| Month to Month Leases | | 1 | | 138,409 | | $ | 1.18 | | 0.0 | % |
| 2023 | | 7 | | 931,571 | | $ | 4.49 | | 0.1 | % |
| 2024 | | 13 | | 1,159,278 | | $ | 8.20 | | 0.2 | % |
| 2025 | | 17 | | 1,676,634 | | $ | 6.70 | | 0.2 | % |
| 2026 | | 16 | | 1,702,455 | | $ | 5.01 | | 0.2 | % |
| 2027 | | 13 | | 1,765,268 | | $ | 5.19 | | 0.2 | % |
| 2028 | | 15 | | 1,801,202 | | $ | 5.70 | | 0.2 | % |
| 2029 | | 6 | | 626,306 | | $ | 5.35 | | 0.1 | % |
| 2030 | | 7 | | 754,336 | | $ | 8.56 | | 0.1 | % |
| 2031 | | 5 | | 427,004 | | $ | 12.18 | | 0.0 | % |
| 2032 | | 4 | | 282,245 | | $ | 22.57 | | 0.1 | % |
| 2033 and Thereafter | | 25 | | 2,820,342 | | $ | 11.31 | | 0.6 | % |
| (1) | Does not consider the impact of renewal options that may be contained in leases. |
|---|
| (2) | Annual rental revenues represent domestic 2022 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, 2022, we owned 63,924,148 shares, or approximately 22.4%, of Klépierre, which had a quoted market price of $23.04 per share. Klépierre is a publicly traded, Paris-based real estate company, which owns, or has an interest in shopping centers located in 14 countries.
As of December 31, 2022, we had a controlling interest in a European investee with interests in 11 Designer Outlet properties. Ten of the outlet properties are located in Europe and one outlet property is located in Canada. Of the ten properties in Europe, two are in Italy, two are in the Netherlands, two are in the United Kingdom, and one each is in Austria, France, Germany, and Spain. As of December 31, 2022, our legal percentage ownership interests in these entities ranged from 23% 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 ten operating joint venture properties in Japan, a 50% interest in five 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, a 50% interest in one operating joint venture in Thailand, and a 50% interest in three Premium Outlet operating joint venture properties in Canada. The ten Japanese Premium Outlets operate in various cities throughout Japan and comprise over 3.9 million square feet of GLA and were 99.8% leased as of December 31, 2022.
Our investment in TRG includes an interest in four operating joint venture properties located outside of the U.S.; two located in the People’s Republic of China and two located in South Korea. Our effective ownership in these centers, through our investment in TRG, ranges from 13.7% to 39.2%.
The following property tables summarize certain data for our international properties as of December 31, 2022 and do not include our equity investments 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
| | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | City | Ownership | SPG Effective | | Total Gross | | ||||||||
| | COUNTRY/Property Name | | (Metropolitan area) | | Interest | | Ownership | | Year Built | | Leasable Area (1) | | Selected Tenants | ||
| | | INTERNATIONAL PREMIUM OUTLETS | | | | | | | | | | | | | |
| | | JAPAN | | | | | | | | | | | | | |
| 1. | | Ami Premium Outlets | | Ami (Tokyo) | | Fee | | 40.0 | % | 2009 | | 315,000 | | Adidas, Beams, Coach, Gap Outlet, Kate Spade New York, Michael Kors, Polo Ralph Lauren, Puma, TaylorMade, Tommy Hilfiger | |
| 2. | | Fukaya-Hanazono Premium Outlets | | Fukaya City (Saitama) | | Ground Lease (2042) | | 40.0 | % | 2022 | | 296,300 | | Adidas, Armani, Bally, Coach, Dsquared2, Furla, Marc Jacobs, Michael Kors, New Balance, Nike, Polo Ralph Lauren, Puma, Theory, Tommy Hilfiger, Tory Burch, Valentino, Vans, Versace | |
| 3. | | Gotemba Premium Outlets | | Gotemba City (Tokyo) | | Fee | | 40.0 | % | 2000 | | 659,500 | | Adidas, Armani, Balenciaga, Bally, Beams, Bottega Veneta, Burberry, Coach, Dolce & Gabbana, Dunhill, Gap Outlet, Gucci, Loro Piana, Michael Kors, Moncler, Nike, Polo Ralph Lauren, Prada/Miu Miu, Puma, Salvatore Ferragamo, Tod's, Tory Burch, United Arrows | |
| 4. | | 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 | |
| 5. | | Rinku Premium Outlets | | Izumisano (Osaka) | | Ground Lease (2031) | | 40.0 | % | 2000 | | 512,500 | | Adidas, Armani, Bally, Beams, Brooks Brothers, Burberry, Coach, Dolce & Gabbana, Dunhill, Eddie Bauer, Furla, Gap Outlet, Kate Spade New York, Lanvin Collection, Michael Kors, Nike, Olive des Olive, Polo Ralph Lauren, Puma, Salvatore Ferragamo, TaylorMade, Tommy Hilfiger, United Arrows, Zara | |
| 6. | | 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, Salvatore Ferragamo, TaylorMade | |
| 7. | | Sendai-Izumi Premium Outlets | | Izumi Park Town (Sendai) | | Ground Lease (2027) | | 40.0 | % | 2008 | | 164,200 | | Adidas, Beams, Coach, Gap, Nike, Polo Ralph Lauren, Tommy Hilfiger, United Arrows | |
| 8. | | Shisui Premium Outlets | | Shisui (Chiba) | | 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 | |
| 9. | | 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 | |
| 10. | | Tosu Premium Outlets | | Fukuoka (Kyushu) | | Fee | | 40.0 | % | 2004 | | 328,400 | | Adidas, Beams, Coach, Furla, Gap Outlet, Kate Spade New York, Michael Kors, Nike, Olive des Olive, Polo Ralph Lauren, Puma, Tommy Hilfiger, United Arrows | |
| | | Subtotal Japan | | | | | | | | | | 3,910,000 | | | |
Simon Property Group, Inc.
Simon Property Group, L.P.
Property Table
International Properties
| | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | City | Ownership | SPG Effective | | Total Gross | | ||||||||
| | | COUNTRY/Property Name | | (Metropolitan area) | | Interest | | Ownership | | Year Built | | Leasable Area (1) | | Selected Tenants | |
| | | MEXICO | | | | | | | | | | | | | |
| 11. | | 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 | |
| 12. | | 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 | | | | | | | | | | | | | |
| 13. | | 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 | |
| 14. | | Paju Premium Outlets | | 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 | |
| 15. | | Busan Premium Outlets (2) | | 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 | |
| 16. | | 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 | |
| 17. | | Jeju Premium Outlets | | Jeju Province | | Ground Lease (2041) | | 50.0 | % | 2021 | | 92,000 | | Adidas, Arcteryx, Golden Goose, Guess, Hugo Boss, J. Lindeberg, Lacoste | |
| | | Subtotal South Korea | | | | | | | | | | 2,007,100 | | | |
| | | MALAYSIA | | | | | | | | | | | | | |
| 18. | | 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 | |
| 19. | | Genting Highlands Premium Outlets | | Kuala Lumpur | | Fee | | 50.0 | % | 2017 | | 277,500 | | Adidas, Coach, Furla, Kate Spade New York, Michael Kors, Nike, Padini, Polo Ralph Lauren, Puma | |
| | | Subtotal Malaysia | | | | | | | | | | 586,900 | | | |
| | | THAILAND | | | | | | | | | | | | | |
| 20. | | Siam Premium Outlets Bangkok | | Bangkok | | Fee | | 50.0 | % | 2020 | | 264,000 | | Adidas, Balenciage, Burberry, Calvin Klein, Coach, Furla, Kate Spade New York, Nike, Skechers, Under Armour | |
| | | Subtotal Thailand | | | | | | | | | | 264,000 | | | |
| | | CANADA | | | | | | | | | | | | | |
| 21. | | 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 | |
| 22. | | 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 | |
| 23. | | Premium Outlet Collection Edmonton International Airport | | Edmonton (Alberta) | | Ground Lease (2072) | | 50.0 | % | 2018 | | 422,600 | | Adidas, Calvin Klein, Coach, Gap Factory, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour | |
| | | Subtotal Canada | | | | | | | | | | 1,294,900 | | | |
| | | TOTAL INTERNATIONAL PREMIUM OUTLETS | | | | | | | | 8,670,700 | | | |
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 | ||
| | | 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, Puma, Tommy Hilfiger, Zegna | | |
| | | Subtotal Austria | | | | | | | | | | 118,000 | | | |
| | | ITALY | | | | | | | | | | | | | |
| 2. | | La Reggia Designer Outlet | Marcianise (Naples) | | Fee | | 90.0 | % | 2010 | | 344,000 | | Adidas, Armani, Calvin Klein, Coach, Guess, Liu Jo, Michael Kors, Nike, Pinko, Polo Ralph Lauren, Puma, Timberland, Tommy Hilfiger | | |
| | | | | | | | | | | | | | | | |
| 3. | | Noventa Di Piave Designer Outlet | Venice | | Fee | | 90.0 | % | 2008 | | 353,000 | | Adidas, 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 | | |
| | | Subtotal Italy | | | | | | | | | | 697,000 | | | |
| | | NETHERLANDS | | | | | | | | | | | | | |
| | | 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 | | |
| | | Roermond Designer Outlet Phase 4 | | Roermond | | Fee | | 46.1 | % | 2017 | | 125,000 | | Adidas, Karl Lagerfield, Liu Jo, Longchamp, Tag Heuer, Tom Tailor, Woolrich | |
| 4. | | Subtotal Roermond | | | | | | | | | | 298,000 | | | |
| 5. | | Designer Outlet Roosendaal | | Roosendaal | | Fee | | 94.0 | % | 2017 | | 247,500 | | Adidas, Calvin Klein, Esprit, Guess, Nike, Puma, S. Oliver, Tommy Hilfiger | |
| | | Subtotal Netherlands | | | | | | | | | | 545,500 | | | |
| | | UNITED KINGDOM | | | | | | | | | | | | | |
| 6. | | Ashford Designer Outlet | Kent | | Fee | | 45.0 | % | 2000 | | 281,000 | | Adidas, Calvin Klein, Clarks, Fossil, French Connection, Gap, Guess, Kate Spade New York, Nike, Polo Ralph Lauren, Superdry, Tommy Hilfiger | | |
| 7. | | West Midlands Designer Outlet | | Cannock (West Midlands) | | Fee | | 23.2 | % | 2021 | | 197,000 | | | |
| | | Subtotal England | | | | | | | | | | 478,000 | | | |
| | | CANADA | | | | | | | | | | | | | |
| 8. | | Vancouver Designer Outlets | Vancouver | | Ground Lease (2072) | | 45.0 | % | 2015 | | 326,000 | | Adidas, Armani, Burberry, Calvin Klein, Coach, Gap, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour | | |
| | | 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, Calvin Klein, Guess, Michael Kors, Nike, Polo Ralph Lauren, Puma, Prada, Timberland, Tommy Hilfiger | |
| | | Subtotal France | | | | | | | | | | 269,000 | | | |
| | | SPAIN | | | | | | | | | | | | | |
| 11. | | Málaga Designer Outlet | | Málaga | | Fee | | 46.1 | % | 2020 | | 191,000 | | Adidas, Armani, Burberry, Calvin Klein, Furla, Guess, Polo Ralph Lauren, Prada, Tommy Hilfiger, Under Armour | |
| | | Subtotal Spain | | | | | | | | | | 191,000 | | | |
| | | Total International Designer Outlets | | | | | | | | 2,816,000 | | | |
Simon Property Group, Inc.
Simon Property Group, L.P.
Property Table
International Properties
| | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | City | Ownership | SPG Effective | Year Built | Total Gross | | |||||||
| | | COUNTRY/Property Name | | (Metropolitan area) | | Interest | | Ownership | | or Acquired | | Leasable Area (1) | | Selected Tenants |
| | | International Taubman | | | | | | | | | | | ||
| | | China | | | | | | |||||||
| 1. | | CityOn.Xian | Xi'an | | Ground Lease (2051) | | 20.0 | % | Acquired 2020 | | 995,000 | | Wangfujing | |
| 2. | | CityOn.Zhengzhou | Zhengzhou | | Ground Lease (2051) | | 19.6 | % | Acquired 2020 | | 919,000 | | G-Super, Wangfujing | |
| | | Subtotal China | | | | | | | | | | 1,914,000 | | |
| | | South Korea | | | | | | | | | | | | |
| 3. | | Starfield Anseong | Anseong | | Fee | | 39.2 | % | Acquired 2020 | | 1,068,000 | | Shinsegae, E-Mart Traders | |
| 4. | | Starfield Hanam | Hanam | | Fee | | 13.7 | % | Acquired 2020 | | 1,709,000 | | Shinsegae, E-Mart Traders | |
| | | Subtotal South Korea | | | | | | | | | | 2,777,000 | | |
| | | Total International Taubman | | | | | | | | 4,691,000 | | |
FOOTNOTES:
| (1) | All gross leasable area listed in square feet. |
|---|
| (2) | Property is undergoing an expansion. |
|---|
Land
We have direct or indirect ownership interests in approximately 100 acres of land held in the United States and Canada for future development.
Sustainability
Simon has integrated sustainability initiatives into our business operations: how we plan, develop, and operate our properties.
Reducing our greenhouse gas emissions is a central commitment to reducing our environmental impact. In 2020, we announced the adoption of 2035 greenhouse gas emissions targets approved by the Science Based Target Initiative (“SBTi”). Our target is to reduce scope 1 and scope 2 emissions by 68% (2019 baseline), and scope 3 emissions by 20.9% (2018 baseline). We believe that our climate related risk disclosures are aligned with the recommendations of the Task Force on Climate Related Financial Disclosures established by the Financial Stability Board.
Reducing water consumption and landfill waste are also components of reducing our carbon and environmental footprint. We have already achieved our initial target of reducing water usage by 20%, and we are working to create a new target that will focus on more efficient and responsible water use in the future.
The Governance and Nominating Committee of our Board of Directors (“Board”) has been allocated the oversight of our sustainability policies, including environmental, social, and governance matters. Additionally, the Board has delegated to the Audit Committee the oversight and the annual disclosure of our sustainability programs in the form of an annual sustainability report.
In 2022, we were once again awarded a Green Star rating (2014-2022) - the highest designation awarded for leadership in sustainability performance by the Global Real Estate Sustainability Benchmark. We were also the recipient of NAREIT’s Leader in the Light® award for sustainability leadership in the retail property sector. Finally, we scored an A- on the CDP Climate Change questionnaire.
To learn more about our sustainability initiatives and detailed reporting please access our latest Sustainability Report at investors.simon.com/. Information in the Sustainability Report and our Company website is not incorporated herein by reference and should not be considered part of this Annual Report on Form 10-K.
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, 2022
(Dollars in thousands)
| | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | Interest | | Face | | Annual Debt | | Maturity | | ||||||
| Property Name | Rate | Amount | Service (1) | Date | | ||||||||||
| Consolidated Indebtedness: | | | | | | | | | | | | | | | |
| Secured Indebtedness: | | | | | | | | | | | | | | | |
| Arizona Mills | 3.80 | % | | | $ | 97,775 | | | $ | 5,574 | | | 09/01/26 | | |
| Birch Run Premium Outlets | 4.21 | % | | | | 123,000 | | | | 5,177 | (2) | | 02/06/26 | | |
| Calhoun Outlet Marketplace | 4.17 | % | | | | 17,146 | (19) | | | 1,140 | | | 06/01/26 | | |
| Domain, The | 3.09 | % | | | | 210,000 | | | | 6,497 | (2) | | 07/01/31 | | |
| Ellenton Premium Outlets | 4.30 | % | | | | 178,000 | | | | 7,651 | (2) | | 12/01/25 | | |
| Empire Mall | 4.31 | % | | | | 176,974 | | | | 11,268 | | | 12/01/25 | | |
| Florida Keys Outlet Marketplace | 4.17 | % | | | | 17,000 | | | | 709 | (2) | | 12/01/25 | | |
| Gaffney Outlet Marketplace | 4.17 | % | | | | 27,696 | (19) | | | 1,841 | | | 06/01/26 | | |
| Gloucester Premium Outlets | 5.89 | % | (1) | | | 85,055 | | | | 5,011 | | | 03/01/23 | | |
| 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 | % | | | | 257,710 | | | | 10,283 | (2) | | 10/01/26 | | |
| Hagerstown Premium Outlets | 4.26 | % | | | | 70,430 | | | | 4,539 | | | 02/06/26 | | |
| La Reggia Designer Outlets Phases 1 & 2 | 4.00 | % | (25) | | | 171,255 | (30) | | | 6,850 | | | 03/27/27 | | |
| Lee Premium Outlets | 4.17 | % | | | | 47,480 | (19) | | | 3,156 | | | 06/01/26 | | |
| Noventa Di Piave Designer Outlet Phases 1, 2, 3, 4 | | 1.90 | % | | | | 297,121 | (30) | | | 5,636 | (2) | | 07/25/25 | |
| Ochtrup Designer Outlet | 2.10 | % | | | | 53,517 | (30) | | | 1,124 | (2) | | 06/30/26 | | |
| 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 | 6.00 | % | | | | 23,109 | | | | 1,387 | | | 12/07/22 | | |
| Paris-Giverny Designer Outlet | 5.93 | % | (38) | | | 33,973 | | | | 2,015 | (2) | | 06/11/25 | | |
| Parndorf Designer Outlet | 2.00 | % | | | | 195,869 | (30) | | | 3,917 | (2) | | 07/04/29 | | |
| Penn Square Mall | 3.84 | % | | | | 310,000 | | | | 11,910 | (2) | | 01/01/26 | | |
| Phipps Plaza Hotel | 6.14 | % | (1) | | | 25,000 | | | | 2,369 | | | 10/25/26 | (3) | |
| Pismo Beach Premium Outlets | 3.33 | % | | | | 32,124 | (20) | | | 1,951 | | | 09/06/26 | | |
| Plaza Carolina | 5.49 | % | (1) | | | 225,000 | | | | 12,356 | (2) | | 07/27/23 | | |
| 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 | 4.92 | % | | | | 101,405 | (30) | | | 6,021 | | | 07/27/27 | (3) | |
| Puerto Rico Premium Outlets | 5.49 | % | (1) | | | 160,000 | | | | 8,787 | (2) | | 07/26/23 | | |
| Queenstown Premium Outlets | 3.33 | % | | | | 56,432 | (20) | | | 3,428 | | | 09/06/26 | | |
| Roermond Designer Outlet | 3.63 | % | | | | 246,178 | (30) | | | 8,946 | (2) | | 05/29/29 | | |
| Roosendaal Designer Outlets | 1.75 | % | (24) | | | 63,820 | (30) | | | 2,817 | | | 02/23/24 | (3) | |
| Shops at Chestnut Hill, The | 4.69 | % | | | | 120,000 | | | | 5,624 | (2) | | 11/01/23 | | |
| Southridge Mall | 3.85 | % | | | | 112,087 | | | | 4,320 | (2) | | 06/06/23 | | |
| Summit Mall | 3.31 | % | | | | 85,000 | | | | 2,817 | (2) | | 10/01/26 | | |
| Syosset Park | | 6.39 | % | (1) | | | 75,485 | | | | 4,825 | | | 05/12/26 | (3) |
| University Park Village | 3.85 | % | | | | 52,352 | | | | 3,113 | | | 05/01/28 | | |
| White Oaks Mall | 7.27 | % | (1) | | | 40,190 | | | | 3,920 | | | 06/01/24 | (3) | |
| Williamsburg Premium Outlets | 4.23 | % | | | | 185,000 | | | | 7,824 | (2) | | 02/06/26 | | |
| Wolfchase Galleria | | 4.15 | % | | | | 155,152 | | | | 6,433 | (2) | | 11/01/26 | |
| Total Consolidated Secured Indebtedness | | | | | | $ | 5,469,335 | | | | | | | | |
Mortgage and Unsecured Debt
As of December 31, 2022
(Dollars in thousands)
| Unsecured Indebtedness: | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Simon Property Group, L.P. | | | | | | | | | | | | | | | |
| Revolving Credit Facility - USD | 5.13 | % | (15) | | $ | 125,000 | | | $ | 6,413 | (2) | | 06/30/25 | (3) | |
| Supplemental Credit Facility - EUR | 3.81 | % | (16) | | | 802,763 | (37) | | 30,585 | (2) | | 01/31/27 | (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 - 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 - 29B | 3.50 | % | | | | 1,100,000 | | | | 38,500 | (14) | | 09/01/25 | | |
| Unsecured Notes - 30B | 3.30 | % | | | | 800,000 | | | 26,400 | (14) | | 01/15/26 | | ||
| 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 - 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 - 35A | 2.65 | % | | | | 750,000 | | | 19,875 | (14) | | 07/15/30 | | ||
| Unsecured Notes - 35B | | 3.80 | % | | | | 750,000 | | | | 28,500 | (14) | | 07/15/50 | |
| Unsecured Notes - 36A | | 1.75 | % | | | | 800,000 | | | | 14,000 | (14) | | 02/01/28 | |
| Unsecured Notes - 36B | | 2.20 | % | | | | 700,000 | | | | 15,400 | (14) | | 02/01/31 | |
| Unsecured Notes - 37A | | 1.38 | % | | | | 550,000 | | | | 7,563 | (14) | | 01/15/27 | |
| Unsecured Notes - 37B | | 2.25 | % | | | | 700,000 | | | | 15,750 | (14) | | 01/15/32 | |
| Unsecured Notes - 38A | | 3.94 | % | (36) | | | 500,000 | | | | 19,700 | (4) | | 01/11/24 | |
| Unsecured Notes - 38B | 2.65 | % | | | | 700,000 | | | 18,550 | (14) | | 02/01/32 | | ||
| Unsecured Notes - Euro 3 | | 1.25 | % | | | | 535,175 | (10) | | | 6,690 | (6) | | 05/13/25 | |
| Unsecured Notes - Euro 4 | | 1.13 | % | | | | 802,763 | (13) | | | 9,031 | (6) | | 03/19/33 | |
| Total Consolidated Unsecured Indebtedness | | | | | | $ | 19,565,701 | | | | | | | | |
| Total Consolidated Indebtedness at Face Amounts | | | | | | $ | 25,035,036 | | | | | | | | |
| Premium on Indebtedness | | | | | | 20,909 | | | | | | | | | |
| Discount on Indebtedness | | | | | | (50,894) | | | | | | | | | |
| Debt Issuance Costs | | | | | | (108,210) | | | | | | | | | |
| Other Debt Obligations | | | | | | 63,445 | (18) | | | | | | | | |
| Total Consolidated Indebtedness | | | | | | $ | 24,960,286 | | | | | | | | |
| Our Share of Consolidated Indebtedness | | | | | | $ | 24,754,718 | | | | | | | | |
| | | | | | | | | | | | | | | | |
| Joint Venture Indebtedness: | | | | | | | | | | | | | | | |
| Secured Indebtedness: | | | | | | | | | | | | | | | |
| Ami Premium Outlets | 2.22 | % | | | $ | 6,532 | (26) | | $ | 6,335 | | | 09/25/23 | | |
| Arundel Mills | 4.29 | % | | | 383,500 | | | 16,444 | (2) | | 02/06/24 | | |||
| Ashford Designer Outlet | 4.54 | % | (27) | | 125,206 | (21) | | 5,689 | (2) | | 05/23/27 | | |||
| 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 | |
Mortgage and Unsecured Debt
As of December 31, 2022
(Dollars in thousands)
| Briarwood Mall | 3.29 | % | | | 165,000 | | | 5,432 | (2) | | 09/01/26 | | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Busan Premium Outlets | 2.87 | % | | | 87,519 | (17) | | 2,515 | (2) | | 11/23/25 | | |||
| Cape Cod Mall | 6.66 | % | (35) | | 52,000 | | | 3,462 | (2) | | 07/30/26 | (3) | |||
| Charlotte Premium Outlets | 4.27 | % | | | 100,000 | | | 4,961 | | | 07/01/28 | | |||
| Clarksburg Premium Outlets | 3.95 | % | | | 160,000 | | | 8,921 | | | 01/01/28 | | |||
| Coconut Point | 3.95 | % | | | 175,503 | | | 10,811 | | | 10/01/26 | | |||
| Colorado Mills - 1 | 4.28 | % | | | 123,778 | | | 8,050 | | | 11/01/24 | | |||
| Colorado Mills - 2 | 2.80 | % | | | 30,000 | | | 840 | (2) | | 07/01/31 | | |||
| Concord Mills | 6.55 | % | | | 234,790 | | | 17,773 | | | 11/01/32 | | |||
| Dadeland Mall | 3.11 | % | | | 377,775 | | | 19,868 | | | 01/05/27 | | |||
| Dadeland Mall Hotel | 6.74 | % | (1) | | 29,072 | | | 1,960 | (2) | | 07/01/24 | (3) | |||
| Del Amo Fashion Center | | 3.66 | % | | | | 585,000 | | | | 21,396 | (2) | | 06/01/27 | |
| Domain Westin | 4.12 | % | | | 60,363 | | | 5,653 | | | 09/01/25 | | |||
| Dover Mall | 5.57 | % | | | 79,104 | | | 4,406 | (2) | | 08/06/26 | | |||
| Falls, The | 3.45 | % | | | 150,000 | | | 5,175 | (2) | | 09/01/26 | | |||
| Fashion Centre Pentagon | 6.94 | % | (41) | | 455,000 | | | 31,573 | (2) | | 05/09/26 | (3) | |||
| Fashion Valley | 7.89 | % | (34) | | 415,000 | | | 32,750 | (2) | | 02/01/26 | (3) | |||
| Florida Mall, The | 6.30 | % | (39) | | 600,000 | | | 37,800 | (2) | | 02/09/27 | (3) | |||
| Fukaya-Hanazono Premium Outlets | 0.76 | % | | | 81,617 | (26) | | 618 | (2) | | 09/30/32 | | |||
| Galleria, The | 3.55 | % | | | 1,200,000 | | | 42,598 | (2) | | 03/01/25 | | |||
| Genting Highland Premium Outlets | | 4.56 | % | (7) | | | 13,928 | (9) | | | 6,754 | | | 02/14/24 | |
| Gotemba Premium Outlets | 0.16 | % | | | 99,160 | (26) | | 161 | (2) | | 04/08/27 | | |||
| Grapevine Mills | 3.83 | % | | | | 268,000 | | | | 10,272 | (2) | | 10/01/24 | | |
| Hamilton Town Center | 6.71 | % | (35) | | | 80,000 | | | | 5,366 | (2) | | 02/24/27 | (3) | |
| Johor Premium Outlet | 4.06 | % | (7) | | | 4,533 | (9) | | | 184 | (2) | | 10/31/23 | | |
| Katy Mills | 5.77 | % | | | 129,497 | | | 9,059 | | | 08/01/32 | | |||
| Kobe-Sanda Premium Outlets | 0.34 | % | (12) | | 6,866 | (26) | | 24 | (2) | | 01/31/23 | | |||
| Lehigh Valley Mall | 4.06 | % | | | 181,327 | | | 11,526 | | | 11/01/27 | | |||
| Liberty Tree Mall | 3.41 | % | | | 27,592 | | | 942 | | | 05/06/23 | | |||
| Malaga Designer Outlet | 4.88 | % | (22) | | 63,974 | (30) | | 3,123 | (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 | % | | | 114,814 | | | 4,092 | (2) | | 05/01/23 | | |||
| Mall of New Hampshire, The | 4.11 | % | | | 150,000 | | | 6,162 | (2) | | 07/01/25 | | |||
| Meadowood Mall | 5.70 | % | | | 105,766 | | | 8,194 | | | 12/01/26 | | |||
| Miami International Mall | 4.42 | % | | | 160,000 | | | 7,072 | (2) | | 02/06/24 | | |||
| Norfolk Premium Outlets | 4.50 | % | | | 75,000 | | | 3,375 | (2) | | 04/01/32 | | |||
| Northshore Mall | 3.30 | % | | | 215,706 | | | 7,118 | | | 07/05/23 | | |||
| Paju Premium Outlets | 3.06 | % | | | 48,339 | (17) | | 1,480 | (2) | | 03/13/25 | | |||
| Premium Outlet Collection Edmonton IA | 6.04 | % | (40) | | 100,758 | (5) | | 6,083 | (2) | | 11/30/23 | | |||
| Premium Outlets Montréal | 3.08 | % | | | 88,592 | (5) | | 2,729 | (2) | | 06/01/24 | | |||
| Quaker Bridge Mall | 4.50 | % | | | 180,000 | | | 8,100 | (2) | | 05/01/26 | | |||
| Queretaro Premium Outlets - Fixed | | 11.99 | % | | | | 21,488 | (32) | | | 4,352 | | | 12/20/33 | |
| Queretaro Premium Outlets - Variable | 13.92 | % | | | 2,583 | (32) | | 360 | (2) | | 06/20/23 | | |||
| Rinku Premium Outlets - Fixed | | 0.30 | % | | | | 45,004 | (26) | | | 136 | (2) | | 07/31/27 | |
| Roermond 4 Designer Outlet | 1.95 | % | (23) | | 179,897 | (30) | | 3,515 | (2) | | 08/18/25 | | |||
| Roosevelt Field Hotel | 6.81 | % | (33) | | 48,802 | | | 3,324 | (2) | | 06/29/27 | (3) |
Mortgage and Unsecured Debt
As of December 31, 2022
(Dollars in thousands)
| Round Rock Residential | 6.39 | % | (1) | | 15,849 | | | 1,013 | | | 08/26/26 | (3) | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sano Premium Outlets | 0.28 | % | | | 34,706 | (26) | | 98 | (2) | | 02/28/25 | | |||
| Sawgrass Mills Hotel | 6.95 | % | (33) | | 28,151 | | | 1,956 | (2) | | 06/07/24 | (3) | |||
| Shisui Premium Outlets Phase 1 | 0.32 | % | (12) | | 21,358 | (26) | | 69 | (2) | | 05/31/23 | | |||
| Shisui Premium Outlets Phase 2 | 0.37 | % | | | 38,138 | (26) | | 139 | (2) | | 05/31/29 | | |||
| Shisui Premium Outlets Phase 3 | 0.33 | % | (12) | | 19,833 | (26) | | 64 | (2) | | 11/30/23 | | |||
| Shops at Clearfork, The | 2.81 | % | (27) | | 145,000 | | | 4,075 | (2) | | 03/11/30 | | |||
| 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 | | |||
| Siam Premium Outlets Bangkok | 6.28 | % | | | 67,829 | (11) | | 4,256 | (2) | | 06/05/31 | | |||
| Siheung Premium Outlets | 2.51 | % | | | 118,868 | (17) | | 2,984 | (2) | | 03/15/24 | | |||
| Silver Sands Premium Outlets | 3.96 | % | | | 140,000 | | | 5,543 | (2) | | 03/01/32 | | |||
| Smith Haven Mall | 7.39 | % | (1) | | 171,750 | | | 12,695 | (2) | | 03/31/24 | (3) | |||
| Solomon Pond Mall | 4.01 | % | | | 91,176 | | | 3,656 | | | 11/01/22 | (8) | |||
| Southdale Hotel | 6.71 | % | (35) | | 16,764 | | | 1,691 | (2) | | 06/01/25 | | |||
| Southdale Residential | 4.46 | % | | | 36,196 | | | 1,614 | | | 10/15/35 | | |||
| Springfield Mall | 4.45 | % | | | 56,607 | | | 3,922 | | | 10/06/25 | | |||
| Square One Mall | 5.47 | % | | | 80,216 | | | 4,390 | (2) | | 01/06/27 | | |||
| St. Johns Town Center | 3.82 | % | | | 350,000 | | | 13,367 | (2) | | 09/11/24 | | |||
| St. Louis Premium Outlets | 4.06 | % | | | 89,709 | | | 5,466 | | | 10/06/24 | | |||
| Stoneridge Shopping Center | 3.50 | % | | | 330,000 | | | 11,550 | (2) | | 09/05/26 | | |||
| Tanger Outlets Columbus | 6.25 | % | | | 71,000 | | | 4,439 | (2) | | 10/01/32 | | |||
| Tanger Outlets - Galveston/Houston | 6.24 | % | (1) | | 64,500 | | | 4,026 | (2) | | 07/01/23 | | |||
| Toki Premium Outlets - Fixed | 0.21 | % | | | 20,214 | (26) | | 42 | (2) | | 11/30/24 | | |||
| Toki Premium Outlets - Variable | 0.29 | % | (12) | | 2,670 | (26) | | 8 | (2) | | 11/30/24 | | |||
| Tosu Premium Outlets | 0.20 | % | (12) | | 47,292 | (26) | | 93 | (2) | | 10/31/26 | | |||
| Twin Cities Premium Outlets | | 4.32 | % | | | 115,000 | | | 4,968 | (2) | | 11/06/24 | | ||
| Vancouver Designer Outlet | | 5.67 | % | (27) | | | 121,813 | (5) | | | 6,907 | (2) | | 12/01/27 | (3) |
| West Midlands Designer Outlets | | 7.52 | % | (28) | | 77,422 | (21) | | 5,825 | (2) | | 02/27/23 | | ||
| Westchester, The | | 3.25 | % | | | 400,000 | | | 13,000 | (2) | | 02/01/30 | | ||
| Woodfield Mall | | 4.50 | % | | | | 381,019 | | | | 26,022 | | | 03/05/24 | |
| Yeoju Premium Outlets | | 2.95 | % | | | | 53,090 | (17) | | | 1,564 | (2) | | 09/28/24 | |
| | | | | | | | | | | | | | | | |
| Total Joint Venture Secured Indebtedness at Face Amount | | | | | | $ | 14,261,555 | | | | | | | | |
| TMLP Indebtedness at Face Amount | | | | | | 345,321 | (29) | | | | | | | | |
| Total Joint Venture and TMLP Indebtedness at Face Amount | | | | | | 14,606,876 | | | | | | | | ||
| Debt Issuance Costs | | | | | | (36,955) | | | | | | | | | |
| Total Joint Venture Indebtedness | | | | | | $ | 14,569,921 | | | | | | | | |
| Our Share of Joint Venture Indebtedness | | | | | | $ | 6,769,992 | (31) | | | | | | | |
| | | | | | | | | | | | | | | | |
| Taubman Realty Group Indebtedness: | | | | | | TRG Share | | | | | | | | ||
| Secured Indebtedness: | | | | | | of Face Amount | | | | | | | | ||
| Cherry Creek Shopping Center | | 3.85 | % | | | $ | 275,000 | | | $ | 10,588 | (2) | | 06/01/28 | |
| City Creek Center | | 4.37 | % | | | | 69,932 | | | | 5,001 | | | 08/01/23 | |
Mortgage and Unsecured Debt
As of December 31, 2022
(Dollars in thousands)
| Country Club Plaza | | 3.85 | % | | | | 149,102 | | | | 8,934 | | | 04/01/26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dolphin Mall | | 3.98 | % | (44) | | | 1,000,000 | | | | 39,800 | (2) | | 05/09/27 | (3) |
| Fair Oaks Mall | | 5.32 | % | | | | 121,566 | | | | 8,533 | | | 05/10/23 | |
| Gardens Mall, The | | 4.34 | % | | | | 101,771 | | | | 4,670 | | | 07/15/25 | |
| Great Lakes Crossing Outlets | | 3.60 | % | | | | 177,529 | | | | 12,074 | | | 01/06/23 | |
| International Market Place | | 6.45 | % | (45) | | | 163,625 | | | | 10,554 | (2) | | 08/09/24 | |
| International Plaza | | 5.46 | % | (43) | | | 238,977 | | | | 13,048 | (2) | | 10/09/26 | (3) |
| Mall at Green Hills, The | | 6.78 | % | (42) | | | 150,000 | | | | 10,170 | (2) | | 01/01/27 | (3) |
| Mall at Millenia, The | | 3.94 | % | | | | 225,000 | | | | 8,875 | (2) | | 10/15/24 | |
| Mall at Short Hills, The | | 3.48 | % | | | | 1,000,000 | | | | 34,800 | (2) | | 10/01/27 | |
| Mall at University Town Center, The | | 3.40 | % | | | | 140,000 | | | | 4,760 | (2) | | 11/01/26 | |
| Sunvalley | | 4.44 | % | | | | 76,256 | | | | 5,634 | | | 09/01/22 | (8) |
| Twelve Oaks Mall | | 4.85 | % | | | | 277,901 | | | | 18,673 | | | 03/06/28 | |
| Waterside Shops | | 3.86 | % | | | | 80,116 | | | | 4,615 | | | 04/15/26 | |
| Westfarms | | 5.50 | % | | | | 192,852 | | | | 15,315 | | | 10/01/23 | |
| CityOn.Xian | | 6.00 | % | | | | 33,828 | (46) | | | 7,902 | | | 03/14/29 | |
| CityOn.Zhengzhou | | 5.60 | % | | | | 35,306 | (46) | | | 8,137 | | | 03/22/32 | |
| Starfield Anseong | | 2.17 | % | | | | 109,689 | (47) | | | 16,729 | | | 02/27/25 | |
| Starfield Hanam | | 2.38 | % | | | | 76,783 | (47) | | | 11,872 | | | 10/26/25 | |
| Total TRG Secured Indebtedness at TRG Share of Face Amount | | | | | | $ | 4,695,233 | | | | | | | | |
| | | | | | | | | | | | | | | | |
| Corporate and Other Indebtedness: | | | | | | | | | | | | | | | |
| TRG U.S. Headquarters | | 3.49 | % | | | | 12,000 | | | | 419 | (2) | | 03/01/24 | |
| Other | | 6.61 | % | | | | 12,000 | | | | 793 | (2) | | 11/01/27 | (3) |
| Total TRG Corporate and Other Indebtedness at TRG Share of Face Amount | | | | | | $ | 24,000 | | | | | | | | |
| Discount on Indebtedness | | | | | | | (8,852) | | | | | | | | |
| Total TRG Indebtedness at TRG Share | | | | | | $ | 4,710,381 | | | | | | | | |
| Our Share of TRG Indebtedness | | | | | | $ | 3,768,307 | | | | | | | | |
| (1) | Variable rate loans based on one-month (1M) LIBOR plus interest rate spreads ranging from 110 bps to 300 bps. 1M LIBOR as of December 31, 2022, was 4.39%. |
|---|
| (2) | Requires monthly payment of interest only. |
|---|
| (3) | Includes applicable extension available at the Applicable Borrower's option. |
|---|
| (4) | Requires quarterly payments of interest only. |
|---|
| (5) | Amount shown in USD equivalent. CAD equivalent is 421.5 million. |
|---|
| (6) | Requires annual payment of interest only. |
|---|
| (7) | Variable rate loans based on Cost of Fund plus interest rate spreads ranging from 125 bps to 175 bps. Cost of Fund as of December 31, 2022, was 2.81%. |
|---|
| (8) | Mortgage is outstanding as of 12/31/2022. |
|---|
| (9) | Amount shown in USD equivalent. Ringgit equivalent is 81.5 million. |
|---|
Mortgage and Unsecured Debt
As of December 31, 2022
(Dollars in thousands)
| (10) | Amount shown in USD equivalent. Euro equivalent is 500.0 million. |
|---|
| (11) | Amount shown in USD equivalent. Baht equivalent is 2.3 billion. |
|---|
| (12) | Variable rate loans based on six-month (6M) TIBOR plus interest rate spreads ranging from 15 bps to 35 bps. As of December 31, 2022, 6M TIBOR was 0.14%. |
|---|
| (13) | Amount shown in USD equivalent. Euro equivalent is 750.0 million. |
|---|
| (14) | Requires semi-annual payments of interest only. |
|---|
| (15) | Credit Facilities. As of December 31, 2022, the Credit Facilities bear interest at a SOFR index subject to a 10bps adjustment plus 72.5 bps credit spread. The Credit Facilities provide for different pricing based upon our investment grade rating. As of December 31, 2022, $6.6 billion was available after outstanding borrowings and letters of credit under our Credit Facilities. |
|---|
| (16) | Supplemental Credit Facility. Subsequent to December 31, 2022, we completed an interest rate swap agreement to effectively swap the interest rate to the all-in rate presented. |
|---|
| (17) | Amount shown in USD equivalent. Won equivalent is 388.4 billion. |
|---|
| (18) | City of Sunrise Bond Liability (Sawgrass Mills). |
|---|
| (19) | Loans secured by these three properties are cross-collateralized and cross-defaulted. |
|---|
| (20) | Loans secured by these two properties are cross-collateralized and cross-defaulted. |
|---|
| (21) | Amount shown in USD equivalent. GBP equivalent is 167.5 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) | Variable rate loan based on 3M EURIBOR plus an interest rate spread of 130 bps. Through an interest rate cap agreement, 3M EURIBOR is capped at 0.65%. |
|---|
| (24) | Variable rate loan based on 3M EURIBOR, which is subject to a floor of 0.00%, plus an interest rate spread of 175 bps. |
|---|
| (25) | Variable rate loan based on 3M EURIBOR plus an interest rate spread 250 bps. Through an interest rate cap agreement, 3M EURIBOR is currently fixed at 1.50%. |
|---|
| (26) | Amount shown in USD equivalent. Yen equivalent is 55.5 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 three-month (3M) GBP LIBOR plus an interest rate spread of 365 bps. 3M GBP LIBOR as of December 31, 2022, was 3.87%. |
|---|
| (29) | Consists of two properties with interest rates ranging from 5.65% to 7.32% and maturities in 2024. |
|---|
| (30) | Amount shown in USD equivalent. Euro equivalent is 1.3 billion. |
|---|
| (31) | Our share of total indebtedness includes a pro rata share of the mortgage debt on joint venture properties, including The Mills Limited Partnership. To the extent total indebtedness is secured by a property, it is non-recourse to us, with the exception of approximately $128.0 million of payment guarantees provided by the Operating Partnership. |
|---|
| (32) | Amount shown in USD equivalent. Peso equivalent is 469.1 million. |
|---|
| (33) | Variable rate loans based on 30-day Average SOFR plus interest rate spreads ranging from 275 bps to 295 bps. Through interest cap agreement, 30-day Average SOFR is currently fixed at 4.00%. |
|---|
| (34) | Variable rate loan based on 1M LIBOR plus an interest rate spread of 350 bps. In addition, 1M LIBOR floor of 0.25%. |
|---|
| (35) | Variable rate loan based on one-month (1M) SOFR plus interest rate spreads ranging from 230 bps to 235 bps. 1M SOFR as of December 31, 2022, was 4.36%. |
|---|
| (36) | Variable rate bond based on SOFR index plus 43 bps. |
|---|
| (37) | Amount shown in USD equivalent. Euro equivalent is 750.0 million. |
|---|
Mortgage and Unsecured Debt
As of December 31, 2022
(Dollars in thousands)
| (38) | Variable rate loan based on 3M EURIBOR plus interest rate spreads ranging from 270 bps to 380 bps. Through interest cap agreements, 3M EURIBOR is currently fixed at 1.00%. |
|---|
| (39) | Variable rate loan based on 1M SOFR plus an interest rate spread of 230 bps. Through an interest cap agreement, 1M SOFR is currently fixed at 4.00%. |
|---|
| (40) | Variable rate loan based on one-month (1M) CDOR plus an interest spread of 130 bps. 1M CDOR as of December 31, 2022, was 4.74%. |
|---|
| (41) | Variable rate loan based on 1M LIBOR plus an interest rate spread of 294 bps. Through interest cap agreement, 1M LIBOR is currently fixed at 4.00%. |
|---|
| (42) | Variable rate loan based on 30 day Average SOFR, which is subject to a floor of 0.035%, plus an interest rate spread of 272 bps. Through an interest rate cap agreement, 30 day Average SOFR is currently fixed at 4.00%. |
|---|
| (43) | Variable rate loan based on 1M LIBOR, which is subject to a floor of 0.00% plus an interest rate spread of 196bps. Through interest rate cap agreements, 1M LIBOR is currently fixed at 3.50%. |
|---|
| (44) | Variable rate loan based on 1M Term SOFR, which is subject to a floor of 0.00% plus an interest rate spread of 310bps. Through interest rate swap agreements, 1M Term SOFR is currently fixed at 0.88%. |
|---|
| (45) | Variable rate loan based on 1M LIBOR, which is subject to a floor of 0.00% plus an interest rate spread of 250bps. Through interest rate swap agreements related to a portion of the total outstanding debt, 1M LIBOR is currently fixed at 0.88%. |
|---|
| (46) | Amounts shown in USD Equivalent. CNY Equivalent is 1.9 billion. |
|---|
| (47) | Amounts shown in USD Equivalent. KRW Equivalent is 847.5 billion. |
|---|
The changes in consolidated mortgages and unsecured indebtedness for the years ended December 31, 2022, 2021 and 2020 are as follows:
| | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|
| | 2022 | 2021 | 2020 | |||||||
| Balance, Beginning of Year | | $ | 25,321,022 | | $ | 26,723,361 | | $ | 24,163,230 | |
| Additions during period: | | | | | | | | | | |
| New Loan Originations | | 3,443,739 | | 9,255,220 | | 15,269,791 | | |||
| Loans assumed in acquisitions and consolidation | | 85,689 | | 46,263 | | — | | |||
| Net (Discount)/Premium | | (1,922) | | (9,118) | | 28,906 | | |||
| Net Debt Issuance Costs | | | (10,166) | | | (35,818) | | | (34,931) | |
| Deductions during period: | | | | | | | | | | |
| Loan Retirements | | (3,687,330) | | (10,386,133) | | (12,932,448) | | |||
| Amortization of Net Discounts/(Premiums) | | 7 | | 168 | | 174 | | |||
| Debt Issuance Cost Amortization | | | 26,113 | | | 24,794 | | | 23,076 | |
| Scheduled Principal Amortization | | (22,446) | | (48,386) | | (51,728) | | |||
| Foreign Currency Translation | | | (194,420) | | | (249,329) | | | 257,291 | |
| Balance, Close of Year | | $ | 24,960,286 | | $ | 25,321,022 | | $ | 26,723,361 | |
Previous: Item 1B. Unresolved Staff Comments · Next: Item 3. Legal Proceedings