Simon Property Group’s decision to split its smaller regional malls and strip centers into a stand-alone REIT has been met with approval from analysts. The move will allow the company to raise value for shareholders and may pave the way for further asset spin-offs. On Dec. 13, Simon executives announced that 54 of the company’s strip centers and 44 of its lower income malls would be moved into a new publicly traded REIT called SpinCo. SpinCo’s portfolio will total 53 ...

NREIonline.com Freemium Content

"Printer-friendly" is FREE to access as a registered user on NREIonline.com.

Why Register for NREIonline? It's simple and free, and here is what you get:

  • Access to leading real estate industry research.
  • Interactive rankings of commercial real estate professionals.
  • Submit your own articles, (if approved) which will appear around the site.
  • Ability to comment and interact on all site content.

Already registered? here.