Simon Property Group, Inc.
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Company History
Founded 1960 in Indianapolis, Indiana
Brothers Melvin and Herbert Simon began building a shopping-center business in Indianapolis in 1960, then scaled it into one of the dominant U.S. retail real estate platforms.
Herbert Simon co-founded the business and remained closely associated with its long-term ownership and Indianapolis roots.
Melvin Simon and Herbert Simon begin building the Indianapolis shopping-center business that becomes Simon Property Group.
Simon Property Group completes its IPO and scales as a public real estate investment trust.
Simon expands its outlet platform through the acquisition of Chelsea Property Group.
Outlet retail becomes one of Simon's most important growth and differentiation engines.
Mall closures and tenant disruption test Simon's balance sheet and tenant relationships.
Simon reports FY2025 consolidated revenue of $6.365B.
After David Simon's death, the board appoints Eli Simon CEO and president effective March 23, 2026.
Simon reports Q1 2026 results and increases full-year Real Estate FFO guidance.
Expand Simon's Premium Outlets platform.
Add large-format retail and entertainment destinations through a 50-50 joint venture with Farallon Capital Management, completed via a $25.25-per-share cash tender offer.
Add exposure to high-quality Class A mall assets by acquiring a 80% interest in Taubman Realty Group, completed December 2020 at a revised $43 per share (down from an original $52.50).
Since its establishment in 1960, Simon Property Group, Inc. expanded from an early-stage venture into a recognized leader in Retail Real Estate Investment Trust, overcoming key market challenges.
Over its history, Simon Property Group, Inc. executed decisive strategic pivots toward scalable monetization and digital distribution, securing its current market leadership.
By continually modernizing operations and embracing workflow automation, Simon Property Group, Inc. maintains resilience through changing technological and economic cycles.