Its base minimum rent per square foot was $55.13, which is 2.3 percent higher than the year prior. Our industry-leading retail properties and investments across North America, Europe and Asia provide shopping experiences for millions of consumers every day and generate billions in annual retail sales. Earlier this month, the company said its portfolio’s occupancy rate was at 95 percent by the end of the fourth quarter last year, up 1.5 percent compared to 2021. Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE: SPG). Penney illustrates how deeply the pandemic has reshaped the retail sector. Simon Property Group, a real estate investment trust based in Indianapolis, is the largest shopping mall operator in the country, and it manages shopping, dining, entertainment and mixed-use properties around the world. Simon Property Group’s pursuit of Brooks Brothers, Lucky Brand and J.C. The mall is near the junction of Crown Valley Parkway and Interstate 5. Its portfolio includes an interest in 230 properties: 136 traditional malls, 69. The mall at 555 The Shops Boulevard is anchored by Macy’s and Nordstrom, and there are no looming lease expirations among the top tenants. Simon Property Group is the second-largest real estate investment trust in the United States. But there are “serious headwinds in the market to refinance this asset … market is tough as you can imagine,” Trepp said, citing watchlist comments from late last year. Trepp reported the shopping mall was valued at $543 million at securitization. operates as a self-administered and self-managed real estate investment trust. The Company owns, develops and manages premier. Simon officials did not return requests for comment and more information. is a self-administered and self-managed real estate investment trust (REIT). SEE ALSO: US Life Sciences Industry Still Expanding, Just Not as Quickly as 2020-2021
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