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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 10-K

ýANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d)15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 20062007


SIMON PROPERTY GROUP, L.P.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of incorporation or organization)
 333-11491
(Commission File No.)
 34-1755769
(State of incorporation
or organization)
(Commission File No.)(I.R.S. Employer
Identification No.)

225 West Washington Street
Indianapolis, Indiana 46204
(Address of principal executive offices) (ZIP Code)

(317) 636-1600
(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12 (b)12(b) of the Act: None

Securities registered pursuant to Section 12 (g)12(g) of the Act: None


            Indicate by check mark if the Registrant is a well-known seasoned issuer (as defined in Rule 405 of the Securities Act). YES oý    NO ýo

            Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. YES o    NO ý

            Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YES ý    NO o

            Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of Registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ý

            Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a non-accelerated filer.

o Largesmaller company. See the definitions of "large accelerated filer,o Accelerated" "accelerated filer,ý Non-accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated fileroAccelerated fileroNon-accelerated filerý
(Do not check if a smaller reporting company)
Smaller reporting companyo

            Indicate by check markcheckmark whether the Registrant is a shell company (as defined in rule 12-b of the Act). YES o    NO ý

Registrant had no publicly-traded voting equity as of June 30, 2006.29, 2007.

            Registrant has no common stock outstanding.


Documents Incorporated By Reference

            None.




Simon Property Group, L.P. and Subsidiaries
Annual Report on Form 10-K
December 31, 20062007

TABLE OF CONTENTS


Item No.

 

 


 

Page No.

  
 Page No.
Part I
Part I
Part I

1.

 

Business

 

3

 

Business

 

3
1A. Risk Factors 9 Risk Factors 7
1B. Unresolved Staff Comments 14 Unresolved Staff Comments 11
2. Properties 14 Properties 12
3. Legal Proceedings 44 Legal Proceedings 49
4. Submission of Matters to a Vote of Security Holders 44 Submission of Matters to a Vote of Security Holders 49

Part II

Part II

Part II

5.

 

Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

 

45

 

Market for the Registrant's Common Equity, Related Stockholder Matters,
and Issuer Purchases of Equity Securities

 

50
6. Selected Financial Data 46 Selected Financial Data 51
7. Management's Discussion and Analysis of Financial Condition and Results of Operations 47 Management's Discussion and Analysis of Financial Condition and Results of Operations 52
7A. Quantitative and Qualitative Disclosure About Market Risk 63 Quantitative and Qualitative Disclosure About Market Risk 69
8. Financial Statements and Supplementary Data 63 Financial Statements and Supplementary Data 69
9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 63 Changes in and Disagreements with Accountants on Accounting
and Financial Disclosure
 69
9A. Controls and Procedures 63 Controls and Procedures 69
9B. Other Information 65 Other Information 71

Part III

Part III

Part III

10.

 

Directors, Executive Officers and Corporate Goverance

 

65

 

Directors, Executive Officers and Corporate Governance

 

72
11. Executive Compensation 65 Executive Compensation 72
12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 65 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 72
13. Certain Relationships and Related Transactions, and Director Independence 65 Certain Relationships and Related Transactions, and Director Independence 72
14. Principal Accountant Fees and Services 65 Principal Accountant Fees and Services 72

Part IV

Part IV

Part IV

15.

 

Exhibits and Financial Statement Schedules

 

66

 

Exhibits and Financial Statement Schedules

 

74

Signatures

Signatures

 

107

Signatures

 

113


Part I

Item 1.    Business

Background

            Simon Property Group, L.P. is a Delaware limited partnership and a majority ownedthe majority-owned subsidiary of Simon Property Group, Inc. In this report, the terms the "Operating Partnership", "we", "us" and "our" refer to Simon Property Group, L.P.L.P.. and its subsidiaries and the term "Simon Property" refers specifically to Simon Property, Group, Inc.

            We are engaged primarily in the ownership, development,own, develop, and management ofmanage retail real estate properties, which consist primarily of regional malls, Premium Outlet® centers, The Mills®, and community/lifestyle centers. As of December 31, 2006,2007, we owned or held an interest in 286320 income-producing properties in the United States, which consisted of 171168 regional malls, 3638 Premium Outlet centers, 6967 community/lifestyle centers, 37 properties acquired in the Mills acquisition, and 10 other shopping centers or outlet centers in 3841 states and Puerto Rico (collectively,Rico. Of the "Properties",37 Mills properties acquired, 17 of these are The Mills, 16 are regional malls, and individually, a "Property").four are community centers. We also own interests in fivefour parcels of land held for future development (together with the Properties, the "Portfolio").development. In the United States, we have fivefour new properties currently under development aggregating approximately 3.52.75 million square feet which will open during 2007 or early 2008. Internationally, we have ownership interests in 5351 European shopping centers (in France, Italy and Poland), fivesix Premium Outlet centers in Japan, one Premium Outlet center in Mexico, and one Premium Outlet center in Mexico. We also have begun construction on a Premium Outlet center in which we will hold a 50% interest located in South Korea and,Korea. Also, through a joint venture arrangement, we will have a 32.5% interest in five shopping centers (four of which are under construction)development in China.

Operating Policies            For a description of our operational strategies and Strategiesdevelopments in our business during 2007, see the "Management's Discussion and Analysis of Financial Condition and Results of Operations" section filed as Item 7 to this Form 10-K.

Other Policies

            The following is a discussion of our investment policies, financing policies, conflict of interest policies and policies with respect to certain other activities. The Simon Property BoardOne or more of Directors ("Board")these policies may amendbe amended or rescind these policiesrescinded from time to time at its discretionby Simon Property without a vote ofby our limited partners.

            Our primary business objectives are to increase operating results and the value of our Properties while maintaining a strong, stable balance sheet consistent with our financing policies. We intend to achieve these objectives by:

developing new shopping centers which meet our economic criteria;
renovating and/or expanding our Properties where appropriate;
acquiring additional shopping centers and portfolios of other retail real estate companies that meet our investment criteria;
pursuing a leasing strategy that capitalizes on the desirable location of our Properties;
generating additional revenues through merchandising, marketing and promotional activities;
adding mixed-use elements to our Portfolio through our asset intensification initiatives, such as multifamily, condominiums, hotel and self-storage elements at selected locations; and
improving the performance of our Properties by using the economies of scale that result from our size to help control operating costs.

            We cannot assure you that we will achieve our business objectives.

            We develop and acquire properties to generate both current income and long-term appreciation in value. We do not limit the amount or percentage of assets that may be invested in any particular property or type of property or in any geographic area. We may purchase or lease properties for long-term investment or develop, redevelop, and/or sell our Properties, in whole or in part, when circumstances warrant. We participate with other entities in property ownership, through joint ventures or other types of co-ownership. These equity investments may be subject to existing mortgage financing and other indebtedness that have priority over our equity interest.

            While we emphasize equity real estate investments, we may, at our discretion, invest in mortgages and other real estate interests consistent with Simon Property's qualification as a real estate investment trust, ("REIT") under the Internal Revenue Code of 1986, as amended ("Code").or REIT. We do not currently intend to invest to a significant extent in mortgages or deeds of trust; however, we hold an interest in one Propertyproperty through a mortgage note which results in us



receiving 100% of the economics of the Property.property. We may invest in participating or convertible mortgages if we conclude that we may benefit from the cash flow or any appreciation in the value of the property.

            We may also invest in securities of other entities engaged in real estate activities or securities of other issuers. However, any of these investments would be subject to the percentage ownership limitations and gross income tests necessary to maintain Simon Property's qualification as a REIT. These REIT limitations mean that Simon Property cannot make an investment that would cause its real estate assets to be less than 75% of its total assets. In addition, at least 75% of Simon Property's gross income must be derived directly or indirectly from investments relating to real property or mortgages on real property, including "rents from real property," dividends from other REIT's and, in certain circumstances, interest from certain types of temporary investments. At least 95% of Simon Property's income must be derived from such real property investments, and from dividends, interest and gains from the sale or dispositions of stock or securities or from other combinations of the foregoing.

            Subject to these REIT limitations, we may invest in the securities of other issuers in connection with acquisitions of indirect interests in real estate. Such an investment would normally be in the form of general or limited partnership or membership interests in special purpose partnerships and limited liability companies that own one or more properties. We may, in the future, acquire all or substantially all of the securities or assets of other REITs, management companies or similar entities where such investments would be consistent with our investment policies.

            We must comply with the covenant restrictions of the debtcovenants contained in our financing agreements that limit our ratio of debt to total asset or market valuation.value, as defined. For example, our lines of credit and the indentures for our debt securities contain


covenants that restrict the total amount of debt to 65%, or 60% in relation to certain debt, of total assets, as defined under the related arrangement, and secured debt to 50% of total assets. In addition, these agreements contain other covenants requiring compliance with financial ratios. Furthermore, the amount of debt that we may incur is limited as a practical matter by our desire to maintain acceptable ratings for Simon Property's equity securities and our debt securities.

            We may raise additional capital throughby issuing units of limited partnership interests, or Units, or debt financing,securities, creating joint ventures with existing ownership interests in Properties,properties, retention of cash flows or a combination of these methods. If the Board determines to raise additional equity capital at the Operating Partnership level, weWe may, without limited partner approval, issue additional units of limited partnershipUnits or equity interests or units.in us. We may issue units in any manner and on such terms and for such consideration as we deem appropriate. This may include issuing units in exchange for property. The unitsThese may be preferred units and may be senior to the outstanding classes of our units and may be convertible into units. Existing holders of units will have no preemptive right to purchase units in any subsequent offerings. Any such offering could dilute a unitholder'slimited partner's investment in us.

            We anticipate that anyexpect most additional borrowings would be made in the form of bank borrowings, publicly and privately placed debt instruments, or purchase money obligations to the sellers of properties. Any of such indebtedness may be unsecuredsecured or may be secured by any or all of our assets, or any existing or new property-owning partnership.unsecured. Any such indebtedness may also have full or limited recourse to allthe borrower or any portion of the assets of any of the foregoing.cross-collateralized with other debt, or may be fully or partially guaranteed by us. Although we may borrow to fund the payment of dividends,distributions, we currently have no expectation that we will regularly be required to do so.

            We may obtainhave a $3.5 billion revolving unsecured or secured lines of credit.credit facility. We also may determine to issue debt securities. Any suchsecurities, but we may issue our debt securities which may be convertible into units, preferred units or be accompanied by warrants to purchase equity interests or be exchangeable for stock of Simon Property. We also may sell or securitize our lease receivables. The proceeds from any borrowings or financings may be used for one or more of the following:

financing acquisitions;
developing or redeveloping properties;
refinancing existing indebtedness;
working capital or capital improvements; or
assisting Simon Property to meet the income distribution requirements applicable to REITs, if Simon Property has income without the receipt of cash sufficient to enable Simon Property to meet such distribution requirements.REITs.

            We also may determine toalso finance acquisitions through the following:

issuance of additional units;

issuance of additionalcommon or preferred units;
issuance of other securities; or
sale or exchange of ownership interests in Properties.properties.

            Our ability to offerissue units to transferors may result in beneficial tax treatment for the transferors. This is because the exchange of units for properties or other partnership interests may defer gain recognition for tax purposes by the transferor. It may also be advantageous for us since certain investors may be limited inthere are ownership limits that restrict the number of units that theyinvestors may purchase.own.

            If the Board determines to obtain additional debt financing, we intend to do so generally through mortgages on Properties, borrowings under our revolving lines of credit or term loan facilities, or the issuance of unsecured debt. We may do this directly or through an entity owned or controlled by us. The mortgages may be non-recourse, recourse, or cross-collateralized.            We do not have a policy limiting the number or amount of mortgages that may be placed on any particular property. Mortgage financing instruments, however, usually limit additional indebtedness on such properties. We also have covenants on our unsecured debt that limit our total secured debt.

            Typically, we invest in or form special purpose entities only to obtainassist us in obtaining permanent financing for Properties on attractive terms. Permanent financing for Properties is typicallymay be structured as a mortgage loan on onea single property, or on a group of Propertiesproperties, and generally requires us to provide a mortgage interest on the property in favor of an institutional third party, as a joint venture with a third party, or as a securitized financing. For securitized financings, we are required to create special purpose entities to own the Properties.properties. These special purpose entities are structured so that they would not be consolidated with us in the event we would ever become subject to a bankruptcy proceeding. We decide upon the structure of the financing based upon the best terms then available to us and whether the proposed financing is consistent with our other business objectives. For accounting purposes, we include the outstanding securitized debt of special purpose entities owning consolidated Propertiesproperties as part of our consolidated indebtedness.

            We maintain policies and have entered into agreements designed to reduce or eliminate potential conflicts of interest. Simon Property has adopted governance principles governing its affairs and the affairs of its subsidiaries and the Simon Property Board of Directors, as well as written charters for each of the standing Committees of the Board.Board of


Directors. In addition, the Board of Directors of Simon Property has a Code of Business Conduct and Ethics, which applies to all of its officers, directors, and employees. At least a majority of the members of the Simon Property Board of Directors must qualify as independent under the listing standards for New York Stock Exchange companies and cannot be affiliated with the Simon or DeBartolo families who are significant stockholders. Any transaction between us and the Simons or the DeBartolos, including property acquisitions, service and property management agreements and retail space leases, must be approved by a majority of Simon Property's non-affiliated directors.

            The sale of certain of our properties may have an adverse tax impact on the Simons or the DeBartolos and the other limited partners. In order to avoid any conflict of interest between Simon Property and our limited partners, the Simon Property charter requires that at least six of the independentnon-affiliated directors of the Board of Directors must authorize and may require us to sell any property we own. Any such sale is subject to applicable agreements with third parties. Noncompetition agreements executed by each of the Simons contain covenants limiting the ability of the Simons to participate in certain shopping center activities in North America.

            We intend to make investments which are consistent with Simon Property's qualification as a REIT, unless the Board of Directors determines that it is no longer in Simon Property's best interests to so qualify as a REIT. The Board of Directors may make such a determination because of changing circumstances or changes in the REIT requirements. We have authority to offer units of our equity interests or other securities in exchange for property. We also have authority to repurchase or otherwise reacquire our units or any other securities. We may engage in such activities in the future. We may also repurchase units subject to Board approval. It is ourOur policy to not makeprohibits us from making any loans to the directors or executive officers of Simon Property for any purpose. We may make loans to the joint ventures in which we participate.

Operating Strategies

            We plan to achieve our primary business objectives through a variety of methods discussed below, although we cannot assure you that we will achieve such objectives.



            Leasing.    We pursue a leasing strategy that includes:

marketing available space to maintain or increase occupancy levels;
renewing existing leases and originating new leases at higher base rents per square foot;
negotiating leases that allow us to recover from our tenants the majority of our property operating, real estate tax, and advertising and promotion expenditures; and
executing leases that provide for percentage or overage rents and/or regular or periodic fixed contractual increases in base rents.

            Management.    We draw upon our expertise gained through management of a geographically diverse Portfolio, nationally recognized as comprising high quality retail and other Properties. In doing so, we seek to maximize cash flow through a combination of:

an active merchandising program to maintain our shopping centers as inviting shopping destinations;
efforts to minimize overhead and operating costs which not only benefits our operations but also reduces the costs reimbursed to us from our tenants. A tenant's ability to pay rent is affected by the percentage of its sales represented by occupancy costs, which consist of rent and expense recoveries. As sales levels increase, if expenses subject to recovery are controlled, the tenant can afford to pay higher base rent.
coordinated marketing and promotional activities that establish and maintain customer loyalty; and
systematic planning and monitoring of results.

            We believe that if we are successful in our efforts to increase sales while controlling operating expenses we will be able to continue to increase base rents at the Properties.

            We are the manager of substantially all our Properties held as joint venture Properties and as a result we derive revenues from management fees and other services.

            Other Revenues.    Due to our size, tenant and vendor relationships, we also generate revenues from the activities of:

Simon Brand Ventures ("Simon Brand") obtains revenues from establishing our malls as leading market resource providers for retailers and other businesses and consumer-focused corporate alliances. Simon Brand revenues sources include: payment systems (including marketing fees relating to the sales of bank-issued prepaid cards), national marketing alliances, static and digital media initiatives, business development, sponsorship, and events.
Simon Business Network ("Simon Business") revenues are derived from the offering of products and property operating services, resulting from its relationships with vendors, to our tenants and others. These services include such items as waste handling, facility services, and energy services, as well as major capital expenditures such as roofing, parking lots and energy systems.

            We also generate other revenues through the sale or lease of land adjacent to our Properties commonly referred to as "outlots" or "outparcels."

            International Expansion.    Our investments in properties that are under operation in Europe, Japan, and Mexico are conducted through joint ventures. In Europe, we have investments in partnerships with Groupe Auchan (known as Gallerie Commerciali Italia ("GCI") in Italy) and Ivanhoe Cambridge, Inc. (known as Simon Ivanhoe S.à.r.l. ("Simon Ivanhoe") in France and Poland). In Japan, our investments are in partnerships with Mitsubishi Estate Co., Ltd. and Sojitz Corporation (formerly known as Nissho Iwai Corporation). Our Mexico investment is a joint venture with Sordo Madaleno y Asociados. We have also formed a joint venture in South Korea to develop a Premium Outlet Center. We and our partner, Shinsegae Co., Ltd. and Shinsegae International Co., Ltd. (collectively "Shinsegae"), each own 50% of this partnership. Lastly, we have formed joint ventures with Morgan Stanley Real Estate Fund ("MSREF") and SZITIC Commercial Property Co., Ltd. ("SZITIC CP") to develop five shopping centers in China. Four of these centers are currently under construction. We account for our international joint venture activities under the equity method of accounting, as defined by accounting policies generally accepted in the United States.

            We believe that the expertise we have gained through the development, leasing, management, and marketing of our Properties in the United States can be utilized in retail properties abroad. There are risks inherent in international operations that may be beyond our control which are described in the following section entitled "Risk Factors."



            The acquisition of high quality individual properties or portfolios of properties remain an integral component of our growth strategies. On November 1, 2006, we acquired the remaining 50% interest in Mall of Georgia, a regional mall Property, from our partner for $252.6 million, including the assumption of $96.0 million of debt. As a result, we now own 100% of Mall of Georgia, and the property was consolidated as of the acquisition date.

            During 2006, we also acquired an additional 15.3% net ownership in Simon Ivanhoe, increasing our ownership interest in this joint venture to 50% effective in the first quarter of 2006.

            As part of our strategic plan to own high quality retail real estate, we continually evaluate our properties and sell those which no longer meet our strategic criteria. We may use the capital generated from these dispositions to invest in higher-quality and higher-growth properties. We believe that the sale of these non-core Properties will not have a material impact on our future results of operations or cash flows nor will their sale materially affect our ongoing operations. We expect that any earnings dilution from the sales on our results of operations from these dispositions will be offset by the positive impact of acquisition, development and redevelopment activities.

            During the year ended December 31, 2006, we disposed of three consolidated properties and one joint venture property in which we held a 50% interest and accounted for under the equity method. We received net proceeds of $52.7 million and recorded our share of a net gain on the disposals totaling $12.2 million. We do not believe the sale of these properties will have a material impact on our future results of operations or cash flows. We believe the disposition of these properties will enhance the average overall quality of our Portfolio. In addition, we also received capital transaction proceeds related to a beneficial interest that we held during 2006 in a mall partnership, which resulted in an $86.5 million gain, terminating our beneficial interests in this entity.

Competition

            We consider ourOur principal competitors to be tenare nine major United States or internationally publicly-held companies that own or operate regional malls, outlet centers, and other shopping centers in the United States and abroad. We also compete with many commercial developers, real estate companies and other owners of retail real estate that operate in our trade areas. Some of our Propertiesproperties and investments are of the same type and are within the same market area as competitor properties. The existence of competitive properties could have a material adverse effect on our ability to lease space and on the level of rents we can obtain. This results in competition for both the acquisition of prime sites (including land for development and operating properties) and for tenants to occupy the space that we and our competitors develop and manage. In addition, our Propertiesproperties compete against non-physical basedother forms of retailing, such as catalog companies and e-commerce websites, that offer retail products and services.

            We believe that our Portfolio is the largest, as measured by gross leasable area ("GLA"), of any publicly-traded retail real estate company. In addition, we own or have an interest in more regional malls than any other publicly-traded company.            We believe that we have a competitive advantage in the retail real estate business as a result of:

the size, quality and diversity of our Properties;properties;
our management and operational expertise;
our extensive experience and relationships with retailers and lenders;
our mall marketing initiatives and consumer focused strategic corporate alliances, including those developed by Simon Brand and Simon Business;alliances; and
our ability to use our size to reduce the total occupancy cost of our tenants.

            Our size reduces our dependence upon individual retail tenants. Approximately 4,2005,100 different retailers occupy more than 24,00028,600 stores in our Propertiesproperties and no retail tenant represents more than 3.8%2.1% of our Properties'properties' total minimum rents.

Certain Activities

            During the past three years, we have:

issued 6,563,7254,062,082 units to Simon Property upon the exchange of units for common stock of Simon Property;

issued 1,026,274274,920 units to other partners upon the conversion of 1,061,580 Series C preferred units and 283,907349,814 Series I preferred units;
issued 966,8301,437,501 units upon the conversion of preferred units;
issued 120,671 units in 2004;
issued 4,277 7.5% Cumulative Redeemable Preferred Units;
issued 1,181,2411,038,364 restricted units to Simon Property, net of forfeitures, with respect to the issuance of a like number of restricted shares of common stock issued under The Simon Property Group 1998 Stock Incentive Plan;

issued 1,014,066852,148 units to Simon Property in exchange for cash contributed resulting from the exercise of stock options under The Simon Property Group 1998 Stock Incentive Plan;
issued 147,241 units for the purchase of Maine Premium Outlets;
issued 67,309 units to the Mills Limited Patners;
purchased and retired 181,000111,000 common units;
repurchased 3,132,7003,387,400 common units for $202.8$231.7 million;
redeemed 587,670675,065 limited partner units for cash;
issued 4,652,232 units to limited partners and 12,978,795 units to Simon Property in connection with the October 2004 acquisition of Chelsea Property Group, Inc. and its subsidiary CPG Partners, L.P. (collectively "Chelsea"), (the "Chelsea Acquisition");
repurchased 78,012redeemed 26,553 Series H preferred units in 2004;
issued and subsequently converted for cash 1,156,039 Series D preferred units in 2004 and redeemed 19,287 Series D preferred units in 2005;
redeemed all outstanding Series E preferred units;
redeemed all outstanding Series F preferred units;
issued 4,753,794redeemed all outstanding Series G preferred units;
redeemed 19,677 Series I preferred units to Chelsea limited partners and 13,261,712 Series I preferred units to Simon Property in the Chelsea Acquisition and redeemed 14,677 Series I preferred units in 2005 and 2006;
issued 796,948 Series J preferred units in the Chelsea Acquisition;units;
issued 1,602,821 units to Simon Property in exchange for the economic rights of Ocean County Mall;
issued and repurchased 8,000,000 Series K preferred units in 2006;
issued and repurchased 6,000,000 Series L preferred units in 2007;
borrowed a maximum amount of $2.0$2.6 billion under our unsecured revolving$3.5 billion credit facility; the outstanding amount of borrowings under this facility as of December 31, 2006,2007 was $305.1 million;$2.4 billion;
as a co-borrower with Simon Property, borrowed $1.8 billion under an unsecured acquisition facility in connection with our acquisition of the former Chelsea Acquisition,Property Group in 2004, that has beenwas fully repaid as of December 31, 2006;
not made loans to other entities or persons, including Simon Property's executive officers and directors, other than to certain joint venture properties;
not invested in the securities of other issuers for the purpose of exercising control, other than certain wholly-owned subsidiaries and to acquire interests in real estate;
not underwritten securities of other issuers; and
not engaged in the purchase and sale or turnover of investments for the purpose of trading.

Employees

            At January 26, 2007,28, 2008, we and our affiliates employed approximately 4,3005,100 persons at various properties and offices throughout the United States, of which approximately 1,6001,900 were part-time. Approximately 1,0001,100 of these employees were located at our corporate headquarters in Indianapolis, IN and 140150 were located at our Chelsea offices in Roseland, NJ.

Corporate Headquarters

            Our corporate headquarters are located at 225 West Washington Street, Indianapolis, Indiana 46204, and our telephone number is (317) 636-1600.

Available Information

            Our Internet website address is www.simon.com. Our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act are available or may be accessed free of charge through the "About Simon/Investor Relations/Financial Information" section of our Internet website as soon as reasonably practicable after we electronically file such material with, or furnish it to, the SEC. Our Internet website and the information contained therein or connected thereto are not intended to be incorporated into this Annual Report on Form 10-K.



Item 1A.    Risk Factors

            The following factors, among others, could cause our actual results to differ materially from those contained in forward-looking statements made in this Annual Report on Form 10-K and presented elsewhere by our management from time to time. These factors, among others, may have a material adverse effect on our business, financial condition, operating results and cash flows, and you should carefully consider them. It is not possible to predict or identify all such factors. You should not consider this list to be a complete statement of all potential risks or uncertainties. Past performance should not be considered an indication ofuncertainties and we may update them in our future performance.periodic reports.

Risks Relating to Debt and the Financial Markets

            As of December 31, 2006,2007, our consolidated mortgages and other indebtedness, excluding the related premium and discount, totaled $15.3$17.2 billion, of which approximately $1.7 billion$751 million matures during 2007,2008, including recurring principal amortization.amortization on mortgages maturing during 2007. We are subject to the risks normally associated with debt financing, including the risk that our cash flow from operations will be insufficient to meet required debt service. Our debt service costs generally will not be reduced if developments at the Property,property, such as the entry of new competitors or the loss of major tenants, cause a reduction in the income from the Property.property. Should such events occur, our operations may be adversely affected. If a Propertyproperty is mortgaged to secure payment of indebtedness and income from the Propertyproperty is insufficient to pay that indebtedness, the Propertyproperty could be foreclosed upon by the mortgagee resulting in a loss of income and a decline in our total asset value.

            We depend primarily on external financings, principally debt financings, to fund the growth of our business and to ensure that we can meet ongoing maturities of our outstanding debt. Our access to financing depends on our credit rating, the willingness of banks to lend to us and conditions in the capital markets which have experienced increasing volatility in general.recent months. We cannot assure you that we will be able to obtain the financing we need for future growth or to meet our debt service as obligations mature, or that the financing available to us will be on acceptable terms.

            Our outstanding senior unsecured notes and the preferred stock of Simon Property are periodically rated by nationally recognized credit rating agencies. TheThese credit ratings are based on our operating performance, liquidity and leverage ratios, overall financial position, and other factors viewed by the credit rating agencies as relevant to our industry and the economic outlook in general. TheThese credit rating of our senior unsecured notes and Simon Property's preferred stockratings can also affect the amount of capital we can access, as well as the terms of any financing we obtain. Since we depend primarily on debt financing to fund our growth, adverse changes in our credit rating could have a negative effect on our future growth.

            We manage our exposure to interest rate risk by a combination of interest rate protection agreements to effectively fix or cap a portion of our variable rate debt, or in the case of a fair value hedge, effectively convert fixed rate debt to variable rate debt. In addition, we refinance fixed rate debt at times when we believe rates and terms are appropriate. Our efforts to manage these exposures may not be successful.

            Our use of interest rate hedging arrangements to manage risk associated with interest rate volatility may expose us to additional risks, including a risk that a counterparty to a hedging arrangement may fail to honor its obligations. Developing an effective interest rate risk strategy is complex and no strategy can completely insulate us from risks associated with interest rate fluctuations. There can be no assurance that our hedging activities will have the desired beneficial impact on our results of operations or financial condition. Termination of these hedging agreements typically involveinvolves costs, such as transaction fees or breakage costs.

            As of December 31, 2006, approximately $0.8 billion of our total consolidated debt, adjusted to reflect outstanding derivative instruments, was subject to floating interest rates. In a rising interest rate environment, these


debt service costs will increase. Increased debt service costs would adversely affect our cash flow. The impact of changes in market rates of interest on the fair value of our debt and, in turn, our future earnings and cash flows appears elsewhere in this report.

Factors Affecting Real Estate Investments and Operations

            We regularly acquire and develop new properties and expand and redevelop existing Properties,properties, and these activities are subject to various risks. We may not be successful in pursuing acquisition, development or redevelopment/expansion opportunities. In addition, newly acquired, developed or redeveloped/expanded properties may not perform as well as expected. We are subject to other risks in connection with any acquisition, development and redevelopment/expansion activities, including the following:

construction costs of a project may be higher than projected, potentially making the project unfeasible or unprofitable;
we may not be able to obtain financing or to refinance construction loans on favorable terms, if at all;
we may be unable to obtain zoning, occupancy or other governmental approvals;
occupancy rates and rents may not meet our projections and the project may not be profitable; and
we may need the consent of third parties such as anchor tenants, mortgage lenders and joint venture partners, and those consents may be withheld.

            If a development or redevelopment/expansion project is unsuccessful, either because it is not meeting our expectations when operational or was not completed according to the project planning, we could lose our investment in the project. Further, if we guarantee the property's financing, our loss could exceed our investment in the project.

            We are subject to risks incidental to the ownership and operation of retail real estate. These risks include, among others:

the risks normally associated with changes in the general economic climate;
trends in the retail industry;
creditworthiness of tenants;
competition for tenants and customers;
consumer confidence;
impact of terrorist activities;
changes in tax laws;
interest and foreign currency exchange rates;
the availability of financing; and
potential liability under environmental and other laws.

            Our Propertiesproperties represent a substantial portion of our total consolidated assets. These investments are relatively illiquid. As a result, our ability to sell one or more of our Propertiesproperties or investments in real estate in response to any changes in economic or other conditions is limited. If we want to sell a Property,property, we cannot assure you that we will be able to dispose of it in the desired time period or that the sales price of a Propertyproperty will exceed the cost of our investment.

Environmental Risks

            Federal, state and local laws and regulations relating to the protection of the environment may require us, as a current or previous owner or operator of real property, to investigate and clean up hazardous or toxic substances or petroleum product releases at a Propertyproperty or at impacted neighboring properties. These laws often impose liability regardless of whether the property owner or operator knew of, or was responsible for, the presence of hazardous or toxic substances. These laws and regulations may require the abatement or removal of asbestos containing materials in



the event of damage, demolition or renovation, reconstruction or expansion of a Propertyproperty and also govern emissions of and exposure to asbestos fibers in the air. Those laws and regulations also govern the installation, maintenance and removal of underground storage tanks used to store waste oils or other petroleum products. Many of our Propertiesproperties contain, or at one time contained, asbestos containing materials or underground storage tanks (primarily related to auto service center establishments or emergency electrical generation equipment). The costs of investigation, removal or remediation of hazardous or toxic substances may be substantial and could adversely affect our results of operations or financial condition but is not estimable. The presence of contamination, or the failure to remediate contamination, may also adversely affect our ability to sell, lease or redevelop a Propertyproperty or to borrow using a Propertyproperty as collateral.

            Although we believe that our Portfolioportfolio is in substantial compliance with Federal, state and local environmental laws, ordinances and regulations regarding hazardous or toxic substances, this belief is based on limited testing. Nearly all of our Propertiesproperties have been subjected to Phase I or similar environmental audits. These environmental audits have not revealed, nor are we aware of, any environmental liability that we believe will have a material adverse effect on our results of operations or financial condition. However, we cannot assure you that:

existing environmental studies with respect to the Portfolioportfolio reveal all potential environmental liabilities;
any previous owner, occupant or tenant of a Propertyproperty did not create any material environmental condition not known to us;

the current environmental condition of the Portfolioportfolio will not be affected by tenants and occupants, by the condition of nearby properties, or by other unrelated third parties; or
future uses or conditions (including, without limitation, changes in applicable environmental laws and regulations or the interpretation thereof) will not result in environmental liabilities.

Retail Operations Risks

            Our concentration in the retail real estate market means that we are subject to the risks that affect the retail environment generally, including the levels of consumer spending, seasonality, the willingness of retailers to lease space in our shopping centers, tenant bankruptcies, changes in economic conditions, consumer confidence and terrorist activities. The possibility that the United States may currently be experiencing a recession could adversely affect consumer spending. Any one or more of these factors could adversely affect our results of operations or financial condition.

            We may not be able to lease new Propertiesproperties to an appropriate mix of tenants or for rents that are consistent with our projections. Also, when leases for our existing Propertiesproperties expire, the premises may not be relet or the terms of reletting, including the cost of allowances and concessions to tenants, may be less favorable than the current lease terms. To the extent that our leasing plans are not achieved, our cash generated before debt repayments and capital expenditures could be adversely affected.

            Regional malls are typically anchored by department stores and other large nationally recognized tenants. The value of some of our Propertiesproperties could be adversely affected if these tenants fail to comply with their contractual obligations, seek concessions in order to continue operations, or cease their operations. Department store and larger store, also referred to as "big box", consolidations typically result in the closure of existing stores or duplicate or geographically overlapping store locations. We do not control the disposition of those department stores or larger stores that we do not own. We also may not control the vacant space that is not re-leased in those stores we do own. Other tenants may be entitled to modify the terms of their existing leases in the event of such closures. The modification could be unfavorable to us as the lessor and could decrease rents or expense recovery charges. Additionally, major tenant closures may result in decreased customer traffic which could lead to decreased sales at other stores. If the sales of stores operating in our Propertiesproperties were to decline significantly due to closing of anchors, economic conditions, or other reasons, tenants may be unable to pay their minimum rents or expense recovery charges.


In the event of default by a tenant or anchor store, we may experience delays and costs in enforcing our rights as landlord to recover amounts due to us under the terms of our agreements with those parties.

            Bankruptcy filings by retailers occur frequently in the course of our operations. We are continually re-leasing vacant spaces resulting from tenant terminations. The bankruptcy of a tenant, particularly an anchor tenant, may make it more difficult to lease the remainder of the affected Properties.properties. Future tenant bankruptcies could adversely affect our Propertiesproperties or impact our ability to successfully execute our re-leasing strategy.

Risks Relating to Joint Venture Properties

            As of December 31, 2006,2007, we owned interests in 146181 income-producing properties with other parties. Of those, 19 Propertiesproperties are included in our consolidated financial statements. We account for the other 127162 properties under the equity method of accounting, which we refer to as joint venture properties. We serve as general partner or property manager for 5893 of these 127162 properties; however, certain major decisions, such as selling or refinancing these properties, require the consent of the other owners. Of thesethe properties for which we do not serve as general partner or


property manager, 59 are in our international joint ventures. The other owners also have other participating rights that we consider substantive for purposes of determining control over the properties' assets. The remaining joint venture properties are managed by third parties. These limitations may adversely affect our ability to sell, refinance, or otherwise operate these properties.

            Joint venture debt is the liability of the joint venture and is typically secured by a mortgage on the joint venture Property.property. As of December 31, 2006,2007, we havehad loan guarantees and other guarantee obligations to support $43.6$132.5 million and $19.0$60.6 million, respectively, of our total $3.5$6.6 billion share of joint venture mortgage and other indebtedness. A default by a joint venture under its debt obligations may expose us to liability under a guaranty or letter of credit.

Other Factors Affecting Our Business

            CAM costs typically include allocable energy costs, repairs, maintenance and capital improvements to common areas, janitorial services, administrative, property and liability insurance costs, and security costs. We historically have used leases with variable CAM provisions that adjust to reflect inflationary increases. However, we are making a concerted effort to shift from variable to fixed CAM contributions for our cost recoveries which will fix our tenants' CAM contributions to us. As a result, our CAM contributions may not allow us to recover all operating costs and, we cannot assure you that we will succeed in our efforts to recover a substantial portion of these costs in the future.operating costs.

            Our Propertiesproperties compete with other retail properties for tenants on the basis of the rent charged and location. The principal competition may come from existing or future developments in the same market areas and from discount shopping centers, outlet malls, catalogues, discount shopping clubs and electronic commerce. The presence of competitive properties also affects our ability to lease space and the level of rents we can obtain. Renovations and expansions at competing malls could also negatively affect our Properties.properties.

            We also compete with other retail property developers to acquire prime development sites. In addition, we compete with other retail property companies for attractive tenants and qualified management.



            We hold interests in joint venture properties that are under operation in Europe, Japan, South Korea, and Mexico. We have also established arrangements to develop joint venture properties in China, and South Korea, and expect to pursue additional expansion opportunities outside the United States. International development and ownership activities carry risks that are different from those we face with our domestic Propertiesproperties and operations. These risks include:

adverse effects of changes in exchange rates for foreign currencies;
changes in foreign political and economic environments, regionally, nationally, and locally;
challenges of complying with a wide variety of foreign laws including corporate governance, operations, taxes, and litigation;
differing lending practices;
differences in cultures;
changes in applicable laws and regulations in the United States that affect foreign operations;
difficulties in managing international operations; and
obstacles to the repatriation of earnings and cash.

            Although our international activities currently are a relatively small portion of our business (international properties represented less than 7%6% of the GLA of all of our properties at December 31, 2006)2007), to the extent that we expand our international activities, these risks could increase in significance which in turn could adversely affect our results of operations and financial condition.


            We maintain commercial general liability "all risk" property coverage including fire, flood, extended coverage and rental loss insurance on our Properties. One of ourproperties. Our captive insurance company subsidiaries indemnifiesindemnify our general liability carrier for a specific layer of losses. A similar policy written through our subsidiary also provides a portion of our initial coverage for property insurance and certain windstorm risks at the Propertiesproperties located in Florida.coastal windstorm locations. Even insured losses could result in a serious disruption to our business and delay our receipt of revenue.

            There are some types of losses, including lease and other contract claims that generally are not insured. If an uninsured loss or a loss in excess of insured limits occurs, we could lose all or a portion of the capital we have invested in a Property,property, as well as the anticipated future revenue from the Property.property. If this happens, we may still remain obligated for any mortgage debt or other financial obligations related to the Property.property.

            The events of September 11, 2001 significantly affected ourWe currently maintain insurance programs. Although insurance rates remain high, since the President signed into law the Terrorism Risk Insurance Act (TRIA) in November of 2002, the pricecoverage against acts of terrorism insurance has steadily decreased, whileon all of our properties on an "all risk" basis in the available capacity has been substantially increased. We have purchased terrorism insurance covering all Properties. The program provides limitsamount of up to $1 billion per occurrence for Certified (Foreign)certified foreign acts of terrorism and $500 million per occurrence for Non-Certified (Domestic)non-certified domestic acts of terrorism. The current federal laws which provide this coverage is written on an "all risk" policy form. In Decemberare expected to operate through 2014. Despite the existence of 2005, the President signed into law the Terrorism Risk Insurance Extension Act (TRIEA) of 2005, thereby extending the federal terrorismthis insurance backstop through 2007. TRIEA narrows terms and conditions afforded by TRIA for 2006 and 2007 by: 1) excluding lines of coverage, for commercial automobile, surety, burglary and theft, farm owners' multi-peril and professional liability; 2) raising the certifiable event trigger mechanism from $5 million to $50 million during 2006 and to $100 million during 2007; and 3) increasing the deductibles and co-pays assigned to insurance companies. Upon the expiration of TRIEA in 2007, we could pay higher premiums for comparable terrorism coverage and/or obtain or be otherwise able to secure less coverage than we have currently.

            Our higher profile Properties or markets they operate in could be potential targets for terrorism attacks, due to the large quantities of people at the Property or in the surrounding areas. Threatenedany threatened or actual terrorist attacks in these high profile markets could directly or indirectly impactadversely affect our Properties by resulting in lower property values, a decline in revenue, or a decline in customerrevenues, consumer traffic and in turn, a decline in our tenants'tenant sales.


            Although inflation has not materially impacted our operations in the recent past, increased inflation could have a more pronounced negative impact on our mortgage and debt interest and general and administrative expenses, as these costs could increase at a rate higher than our rents. Also, inflation may adversely affect tenant leases with stated rent increases, which could be lower than the increase in inflation at any given time. Inflation could also have an adverse effect on consumer spending which could impact our tenants' sales and, in turn, our overage rents, where applicable.

Risks Relating to Federal Income Taxes

            Two of our subsidiaries have elected to be treatedqualify as a REIT. Qualification as a REIT for federal income tax purposes is governed by highly technical and complex Internal Revenue Code provisions for which there are only limited judicial or administrative interpretations. If anyeither of thesethe REIT subsidiaries fails to qualify as a REITcomply with those provisions, and anyif available relief provisions do not apply:

The REIT subsidiary will not be allowed a deduction for distributions to us in computing its taxable income;
The REIT subsidiary will be subject to corporate level income tax, including any applicable alternative minimum tax, on its taxable income at regular corporate rates;
Unless entitled to relief under relevant statutory provisions, the REIT subsidiary will also be disqualified from treatment as a REIT for the four taxable years following the year during which qualification was lost; and
Simon Property would also fail to qualify as a REIT as a result of the subsidiary's failure and the same adverse consequences would apply to it and its stockholders.

            As a result, net income and funds available for distribution to our unitholders would be reduced for those years in which any of thea REIT subsidiariessubsidiary fails to qualify as a REIT. Although we currently intend to operate ourthe REIT subsidiaries so as to qualify each as a REIT, we cannot assure you we will succeed or that future economic, market, legal, tax or other considerations might cause us to revoke the REIT election of anyeither of the REIT subsidiaries.


Item 1B.    Unresolved Staff Comments

            None.


Item 2.    Properties

            Our PropertiesU.S. properties primarily consist of regional malls, Premium Outlet centers, The Mills®, community/lifestyle centers, and other properties. Our PropertiesThese properties contain an aggregate of approximately 200242 million square feet of gross leasable area, or GLA, of which we own approximately 120.2150.8 million square feet ("Owned GLA").feet. Total estimated retail sales at the Propertiesproperties in 20062007 were approximately $53$60 billion.

            Regional malls typically contain at least one traditional department store anchor or a combination of anchors and big box retailers with a wide variety of smaller stores ("Mall" stores) connecting the anchors. Additional stores ("Freestanding" stores) are usually located along the perimeter of the parking area. Our 171168 regional malls are generally enclosed centers and range in size from approximately 400,000 to 2.02.3 million square feet of GLA. Our regional malls contain in the aggregate more than 17,80018,300 occupied stores, including approximately 675 anchors, which are mostly national retailers.

            Premium Outlet centers generally contain a wide variety of retailers located in open-air manufacturers' outlet centers. Our 3638 Premium Outlet centers range in size from approximately 200,000 to 600,000850,000 square feet of GLA. The Premium Outlet centers are generally located near metropolitan areas including New York City, Los Angeles, Chicago, Boston, Washington, D.C., and San Francisco; or within 20 miles of major tourist destinations including Palm Springs, Napa Valley, Orlando, Las Vegas, and Honolulu.

            The Mills portfolio consists of Mills centers, regional malls, and community centers. The 17 Mills centers generally range in size from 1.0 million to 2.3 million square feet of GLA. The Mills centers are located in major metropolitan areas and have a combination of traditional mall, outlet center, and big box retailers and entertainment uses. The 16 regional malls typically range in size from 700,000 to 1.3 million square feet of GLA and contain a wide variety of national retailers. The four community centers are adjacent to Mills centers, and contain a mix of big box and other local and national retail tenants.

Community/lifestyle centers are generally unenclosed and smaller than our regional malls. Our 6967 community/lifestyle centers generally range in size from approximately 100,000 to 600,000900,000 square feet of GLA. Community/



lifestyle centers are designed to serve a larger trade area and typically contain anchor stores and other tenants that are usually national retailers among the leaders in their markets. These tenants generally occupy a significant portion of the GLA of the center. We also own traditional community shopping centers that focus primarily on value-oriented and convenience goods and services. These centers are usually anchored by a supermarket, discount retailer, or drugstore and are designed to service a neighborhood area. Finally, we own open-air centers adjacent to our regional malls designed to take advantage of the drawing power of the mall.

            We also have interests in 10 other shopping centers or outlet centers. These other Propertiesproperties range in size from approximately 85,000 to 300,000 square feet of GLA. The combined other PropertiesGLA and in total represent less than 1% of our total operating income before depreciation.

            The following table provides representative data for our PropertiesU.S. properties as of December 31, 2006:2007:

 
 Regional
Malls

 Premium
Outlet
Centers

 Community/
Lifestyle
Centers

 Other Properties
 
% of total Property annualized base rent 80.7%12.8%6.1%0.4%
% of total Property GLA 82.8%6.9%9.5%0.8%
% of Owned Property GLA 76.0%11.6%11.1%1.3%
 
 Regional
Malls

 Premium
Outlet
Centers

 Mills Portfolio
(including The
Mills and Mills
Regional Malls)

 Community/
Lifestyle
Centers

 Other Properties
 
% of total property annualized base rent 65.9%11.4%17.5%4.9%0.3%
% of total property GLA 67.7%6.2%17.7%7.7%0.7%
% of owned property GLA 59.4%10.0%20.9%8.6%1.1%

            As of December 31, 2006,2007, approximately 93.2%93.5% of the Mall and Freestanding Ownedowned GLA in regional malls and the retail space of the other Propertiesproperties was leased, approximately 99.4%99.7% of Ownedowned GLA in the Premium Outlet centers was leased, approximately 94.1% of the owned GLA for the Mills and 89.5% of owned GLA for the Mills regional malls was leased, and approximately 93.2%94.1% of Ownedowned GLA in the community/lifestyle centers was leased.

            We own 100% of 199198 of our 286 Properties,properties, effectively control 19 Propertiesproperties in which we have a joint venture interest, and hold the remaining 68 Properties103 properties through unconsolidated joint venture interests. We are the managing or co-managing general partner or member of 276 of our Properties.310 properties. Substantially all of our joint venture Propertiesproperties are subject to rights of first refusal, buy-sell provisions, or other sale rights for all partners which are customary in real estate partnership agreements and the industry. Our partners in our joint ventures may initiate these provisions at any



time, which will result in either the use of available cash or borrowings to acquire their partnership interest or the disposal of our partnership interest.

            The following property table summarizes certain data on our regional malls, Premium Outlet centers, the properties acquired in the Mills acquisition, and community/lifestyle centers located in the United States, including Puerto Rico, as of December 31, 2006.2007.


Simon Property Group, L.P. and Subsidiaries

Property Table

U.S. Properties


  
  
  
  
  
  
  
 Gross Leasable Area
  

  
  
  
  
  
  
  
 Gross Leasable Area
  
  
  
  
 Ownership
Interest
(Expiration if
Lease)(3)

  
  
  
  

 Property Name

 State
 City (Metropolitan area)
 Ownership Interest (Expiration if Lease) (3)
 Legal Ownership
 Year Built or Acquired
 Occupancy (5)
 Anchor
 Mall & Freestanding
 Total
 Retail Anchors and Major Tenants
 Property Name

 State
 City (CBSA)
 Legal
Ownership

 Year Built
or
Acquired

 Occupancy(5)
 Anchor
 Mall &
Freestanding

 Total
 Retail Anchors and Major Tenants
 REGIONAL MALLS                 Regional Malls                

1.

 

Alton Square

 

IL

 

Alton (St. Louis)

 

Fee

 

100.0

%

Acquired 1993

 

64.3

%

426,315

 

211,655

 

637,970

 

Macy's, JCPenney, Sears, Old Navy

 

Anderson Mall

 

SC

 

Anderson (Greenville)

 

Fee

 

100.0

%

Built 1972

 

90.2

%

353,994

 

191,341

 

545,335

 

Belk Ladies Fashion Store, Belk Men's & Home Store, JCPenney, Sears, Dillard's(6)
2. Anderson Mall SC Anderson (Greenville) Fee 100.0%Built 1972 95.8%404,394 229,988 634,382 Belk Ladies Fashion Store, Belk Men's & Home Store, JCPenney, Sears Apple Blossom Mall VA Winchester Fee 49.1%(4)Acquired 1999 89.0%229,011 213,811 442,822 Belk, JCPenney, Sears, RC Theatres
3. Apple Blossom Mall VA Winchester Fee 49.1% (4)Acquired 1999 95.9%229,011 213,619 442,630 Belk, JCPenney, Sears, Dick's Sporting Goods (6) Arsenal Mall MA Watertown (Boston) Fee 100.0%Acquired 1999 94.9%191,395 313,268(18)504,663 Marshalls, The Home Depot, Linens 'n Things, Filene's Basement, Old Navy
4. Arsenal Mall MA Watertown (Boston) Fee 100.0%Acquired 1999 95.8%191,395 310,130(18)501,525 Marshalls, The Home Depot, Linens 'n Things, Filene's Basement, Old Navy Atrium Mall MA Chestnut Hill (Boston) Fee 49.1%(4)Acquired 1999 100.0% 204,568 204,568 Borders Books & Music
5. Atrium Mall MA Chestnut Hill (Boston) Fee 49.1% (4)Acquired 1999 99.4% 205,751 205,751 Borders Books & Music Auburn Mall MA Auburn (Worcester) Fee 49.1%(4)Acquired 1999 92.1%417,620 173,320 590,940 Macy's, Macy's Home Store, Sears
6. Auburn Mall MA Auburn (Boston) Fee 49.1% (4)Acquired 1999 93.3%417,620 174,350 591,970 Macy's, Macy's Home Store, Sears Aventura Mall(1) FL Miami Beach Fee 33.3%(4)Built 1983 93.8%1,116,938 662,394 1,779,332 Bloomingdale's, Macy's, Macy's Mens & Home Furniture, JCPenney, Sears, Nordstrom, AMC Theatre
7. Aventura Mall (1) FL Miami Beach Fee 33.3% (4)Built 1983 96.1%1,257,638 662,622 1,920,260 Bloomingdale's, Macy's, Macy's Mens & Home Furniture, JCPenney, Sears, Nordstrom (6) Avenues, The FL Jacksonville Fee 25.0%(4)(2)Built 1990 93.9%754,956 363,249 1,118,205 Belk, Dillard's, JCPenney, Belk Men and Kids, Sears
8. Avenues, The FL Jacksonville Fee 25.0% (4) (2)Built 1990 99.1%754,956 362,409 1,117,365 Belk, Dillard's, JCPenney, Parisian (19), Sears Bangor Mall ME Bangor Fee 67.4%(15)Acquired 2003 95.2%416,582 236,068 652,650 Macy's, JCPenney, Sears, Dick's Sporting Goods
9. Bangor Mall ME Bangor Fee 66.4% (15)Acquired 2003 92.2%416,582 237,494 654,076 Macy's, JCPenney, Sears, Dick's Sporting Goods Barton Creek Square TX Austin Fee 100.0%Built 1981 99.1%922,266 506,852 1,429,118 Nordstrom, Macy's, Dillard's Women's & Home, Dillard's Men's & Children's, JCPenney, Sears, General Cinema
10. Barton Creek Square TX Austin Fee 100.0%Built 1981 97.5%922,266 508,229 1,430,495 Nordstrom, Macy's, Dillard's Women's & Home, Dillard's Men's & Children's, JCPenney, Sears Battlefield Mall MO Springfield Fee and Ground Lease (2056) 100.0%Built 1970 93.9%770,111 432,865 1,202,976 Macy's, Dillard's Women's, Dillard's Men's, Children's & Home, JCPenney, Sears
11. Battlefield Mall MO Springfield Fee and Ground Lease (2056) 100.0%Built 1970 92.1%770,111 433,482 1,203,593 Macy's, Dillard's Women's, Dillard's Men's, Children's & Home, JCPenney, Sears Bay Park Square WI Green Bay Fee 100.0%Built 1980 98.4%425,773 274,380 700,153 Younkers, Elder-Beerman, Kohl's, ShopKo, Bay Park Cinema
12. Bay Park Square WI Green Bay Fee 100.0%Built 1980 98.1%447,508 267,756 715,264 Younkers, Elder-Beerman, Kohl's, ShopKo Bowie Town Center MD Bowie (Washington, D.C.) Fee 100.0%Built 2001 99.7%355,557 328,589 684,146 Macy's, Sears, Barnes & Noble, Bed Bath & Beyond
13. Bowie Town Center MD Bowie (Washington, D.C.) Fee 100.0%Built 2001 99.3%355,557 328,588 684,145 Macy's, Sears, Barnes & Noble, Bed Bath & Beyond Boynton Beach Mall FL Boynton Beach (Miami-Fort Lauderdale) Fee 100.0%Built 1985 87.9%714,210 387,830 1,102,040 Macy's, Dillard's Men's & Home, Dillard's Women, JCPenney, Sears, Muvico Theatres
14. Boynton Beach Mall FL Boynton Beach (W. Palm Beach) Fee 100.0%Built 1985 87.7%714,210 300,364 1,014,574 Macy's, Dillard's Men's & Home, Dillard's Women, JCPenney, Sears Brea Mall CA Brea (Los Angeles) Fee 100.0%Acquired 1998 96.8%874,802 443,902 1,318,704 Nordstrom, Macy's, JCPenney, Sears
15. Brea Mall CA Brea (Orange County) Fee 100.0%Acquired 1998 99.6%874,802 443,789 1,318,591 Nordstrom, Macy's, JCPenney, Sears Broadway Square TX Tyler Fee 100.0%Acquired 1994 98.5%427,730 202,122 629,852 Dillard's, JCPenney, Sears
16. Broadway Square TX Tyler Fee 100.0%Acquired 1994 99.8%427,730 200,966 628,696 Dillard's, JCPenney, Sears Brunswick Square NJ East Brunswick (New York) Fee 100.0%Built 1973 99.7%467,626 298,874 766,500 Macy's, JCPenney, Barnes & Noble, Mega Movies
17. Brunswick Square NJ East Brunswick (New York) Fee 100.0%Built 1973 98.6%467,626 299,792 767,418 Macy's, JCPenney, Barnes & Noble Burlington Mall MA Burlington (Boston) Ground Lease (2048) 100.0%Acquired 1998 91.0%642,411 537,922 1,180,333 Macy's, Lord & Taylor, Sears, Nordstrom (19), Crate & Barrel
18. Burlington Mall MA Burlington (Boston) Ground Lease (2048) 100.0%Acquired 1998 96.8%642,411 432,201 1,074,612 Macy's, Lord & Taylor, Sears, Nordstrom (20) Cape Cod Mall MA Hyannis Ground Leases (2009-2073)(7) 49.1%(4)Acquired 1999 98.0%420,199 303,658 723,857 Macy's, Macy's, Sears, Best Buy, Marshalls, Barnes & Noble, Regal Cinema
19. Cape Cod Mall MA Hyannis (Barnstable — Yarmouth) Ground Leases (2009-2073) (7) 49.1% (4)Acquired 1999 98.9%420,199 303,618 723,817 Macy's, Macy's, Sears, Best Buy, Marshalls, Barnes & Noble Castleton Square IN Indianapolis Fee 100.0%Built 1972 96.6%908,481 466,700 1,375,181 Macy's, Von Maur, JCPenney, Sears, Dick's Sporting Goods, Borders Books & Music, AMC Theatres
20. Castleton Square IN Indianapolis Fee 100.0%Built 1972 97.3%908,481 352,398 1,260,879 Macy's, Von Maur, JCPenney, Sears, Dick's Sporting Goods, Borders Books & Music (6) Century III Mall PA West Mifflin (Pittsburgh) Fee 100.0%Built 1979 79.5%831,439 459,141(18)1,290,580 Macy's, Macy's Furniture Galleries, JCPenney, Sears, Dick's Sporting Goods, Steve & Barry's
21. Century III Mall PA West Mifflin (Pittsburgh) Fee 100.0%Built 1979 85.8%831,439 459,191(18)1,290,630 Macy's, Macy's Furniture Galleries, JCPenney, Sears, Dick's Sporting Goods, Steve & Barry's University Sportswear Charlottesville Fashion Square VA Charlottesville Ground Lease (2076) 100.0%Acquired 1997 99.4%381,153 190,383 571,536 Belk Women's & Children's, Belk Men's & Home, JCPenney, Sears
22. Charlottesville Fashion Square VA Charlottesville Ground Lease (2076) 100.0%Acquired 1997 100.0%381,153 190,533 571,686 Belk Women's & Children's, Belk Men's & Home, JCPenney, Sears Chautauqua Mall NY Lakewood (Jamestown) Fee 100.0%Built 1971 87.2%213,320 219,047 432,367 Sears, JCPenney, Bon Ton, Office Max, Dipson Cinema
23. Chautauqua Mall NY Lakewood (Jamestown) Fee 100.0%Built 1971 84.4%213,320 218,858 432,178 Sears, JCPenney, Bon Ton, Office Max

Simon Property Group, L.P. and Subsidiaries

Property Table

U.S. Properties


  
  
  
  
  
  
  
 Gross Leasable Area
  
  
  
  
  
  
  
  
 Gross Leasable Area
  

 Property Name

 State
 City (Metropolitan area)
 Ownership Interest (Expiration if Lease) (3)
 Legal Ownership
 Year Built or Acquired
 Occupancy (5)
 Anchor
 Mall & Freestanding
 Total
 Retail Anchors and Major Tenants
  
  
  
 Ownership
Interest
(Expiration if
Lease)(3)

  
  
  
  

 Property Name

 State
 City (CBSA)
 Legal
Ownership

 Year Built
or
Acquired

 Occupancy(5)
 Anchor
 Mall &
Freestanding

 Total
 Retail Anchors and Major Tenants
23. Chesapeake Square VA Chesapeake (Virginia Beach-Norfolk) Fee and Ground Lease (2062) 75.0%(12)Built 1989 93.5%534,760 272,783 807,543 Macy's, Dillard's Women's, Dillard's Men's, Children's & Home, JCPenney, Sears, Target

24.

 

Chesapeake Square

 

VA

 

Chesapeake (Norfolk — VA Beach)

 

Fee and Ground Lease (2062)

 

75.0

% (12)

Built 1989

 

93.0

%

534,760

 

271,842

 

806,602

 

Macy's, Dillard's Women's, Dillard's Men's, Children's & Home, JCPenney, Sears, Target
 Cielo Vista Mall TX El Paso Fee and Ground Lease (2010)(7) 100.0%Built 1974 98.2%793,716 449,537 1,243,253 Macy's, Dillard's Women's & Furniture, Dillard's Men's, Children's & Home, JCPenney, Sears, Cinemark Theatres
25. Cielo Vista Mall TX El Paso Fee and Ground Lease (2012) (7) 100.0%Built 1974 96.7%793,716 443,825 1,237,541 Macy's, Dillard's Women's & Furniture, Dillard's Men's, Children's & Home, JCPenney, Sears Circle Centre IN Indianapolis Property Lease (2097) 14.7%(4)(2)Built 1995 88.1%350,000 432,662(18)782,662 Nordstrom, Carson Pirie Scott, United Artists Theatre
26. Circle Centre IN Indianapolis Property Lease (2098) 14.7% (4) (2)Built 1995 87.0%350,000 435,963(18)785,963 Nordstrom, Carson Pirie Scott Coconut Point FL Estero (Cape Coral-Fort Myers) Fee 50.0%(4)Built 2006 94.3%503,819 498,679 1,002,498 Dillard's, Barnes & Noble, Bed Bath & Beyond, Best Buy, DSW, Office Max, Old Navy, PetsMart, Pier 1 Imports, Ross Dress for Less, Cost Plus World Market, T.J. Maxx, Muvico Theatres, Super Target(6)
27. Coconut Point FL Estero Fee 50.0% (4)Built 2006 94.6%424,636 594,758 1,019,394 Dillard's, Barnes & Noble, Bed Bath & Beyond, Best Buy, DSW, Office Max, Old Navy, PetsMart, Pier 1 Imports, Ross Dress for Less, Cost Plus World Market, T.J. Maxx Coddingtown Mall CA Santa Rosa Fee 50.0%(4)Acquired 2005 90.4%547,090 261,372 808,462 Macy's, JCPenney, Gottschalk's, Whole Foods(6)
28. Coddingtown Mall CA Santa Rosa Fee 50.0% (4)Acquired 2005 77.2%547,090 309,812 856,902 Macy's, JCPenney, Gottschalk's, (8) College Mall IN Bloomington Fee and Ground Lease (2048)(7) 100.0%Built 1965 95.0%356,887 272,925 629,812 Macy's, Sears, Target, Dick's Sporting Goods, Bed Bath & Beyond, Old Navy
29. College Mall IN Bloomington Fee and Ground Lease (2048) (7) 100.0%Built 1965 88.7%356,887 286,028 642,915 Macy's, Sears, Target, Dick's Sporting Goods, Bed Bath & Beyond, Pier One (6) Columbia Center WA Kennewick Fee 100.0%Acquired 1987 92.2%408,052 365,311 773,363 Macy's, Macy's Mens & Children, JCPenney, Sears, Barnes & Noble, Regal Cinema
30. Columbia Center WA Kennewick Fee 100.0%Acquired 1987 92.0%408,052 346,895 754,947 Macy's, Macy's Mens & Children, JCPenney, Sears, Toys 'R Us, Barnes & Noble Copley Place MA Boston Fee 98.1%Acquired 2002 99.6%150,847 1,091,384(18)1,242,231 Nieman Marcus, Barneys New York
31. Copley Place MA Boston Fee 98.1%Acquired 2002 98.0%150,847 1,080,822(18)1,231,669 Nieman Marcus, Barneys New York Coral Square FL Coral Springs (Miami-Fort Lauderdale) Fee 97.2%Built 1984 99.7%648,144 297,770 945,914 Macy's Mens, Children & Home, Macy's Women, Dillard's, JCPenney, Sears
32. Coral Square FL Coral Springs (Miami — Ft. Lauderdale) Fee 97.2%Built 1984 96.9%648,144 296,802 944,946 Macy's Mens, Children & Home, Macy's Women, Dillard's, JCPenney, Sears Cordova Mall FL Pensacola Fee 100.0%Acquired 1998 94.6%395,875 469,150 865,025 Dillard's Men's, Dillard's Women's, Belk, Best Buy, Bed, Bath & Beyond, Cost Plus World Market, Ross Dress for Less
33. Cordova Mall FL Pensacola Fee 100.0%Acquired 1998 90.4%395,875 463,085 858,960 Dillard's Men's, Dillard's Women's, Parisian (19), Best Buy, Bed, Bath & Beyond, Cost Plus World Market, Ross Dress for Less Cottonwood Mall NM Albuquerque Fee 100.0%Built 1996 96.0%631,556 408,590 1,040,146 Macy's, Dillard's, JCPenney, Sears, Mervyn's, United Artists Theatre
34. Cottonwood Mall NM Albuquerque Fee 100.0%Built 1996 96.9%631,556 409,278 1,040,834 Macy's, Dillard's, JCPenney, Sears, Mervyn's Crossroads Mall NE Omaha Fee 100.0%Acquired 1994 77.8%522,119 188,403 710,522 Dillard's, Sears, Target, Barnes & Noble, Old Navy
35. Crossroads Mall NE Omaha Fee 100.0%Acquired 1994 63.0%522,119 231,298 753,417 Dillard's, Sears, Target, Barnes & Noble, Old Navy Crystal Mall CT Waterford Fee 74.6%(4)Acquired 1998 90.6%442,311 350,561 792,872 Macy's, JC Penney, Sears, Old Navy, Regal Cinema, Bed Bath & Beyond(6), Christmas Tree Store(6),(17)
36. Crystal Mall CT Waterford (New London — Norwich) Fee 74.6% (4)Acquired 1998 92.1%442,311 351,861 794,172 Macy's, JC Penney, Sears, Old Navy, (17) Crystal River Mall FL Crystal River Fee 100.0%Built 1990 89.0%302,495 121,804 424,299 JCPenney, Sears, Belk, Kmart, Gottschalk's
37. Crystal River Mall FL Crystal River Fee 100.0%Built 1990 76.5%302,495 121,844 424,339 JCPenney, Sears, Belk, Kmart Dadeland Mall FL Miami Fee 50.0%(4)Acquired 1997 97.2%1,132,072 337,869 1,469,941 Saks Fifth Avenue, Nordstrom, Macy's, Macy's Children & Home, JCPenney
38. Dadeland Mall FL Miami Fee 50.0% (4)Acquired 1997 96.9%1,132,072 335,524 1,467,596 Saks Fifth Avenue, Nordstrom, Macy's, Macy's Children & Home, JCPenney DeSoto Square FL Bradenton (Sarasota-Bradenton) Fee 100.0%Built 1973 98.1%435,467 244,119 679,586 Macy's, Dillard's, JCPenney, Sears
39. DeSoto Square FL Bradenton (Sarasota — Bradenton) Fee 100.0%Built 1973 96.9%435,467 244,499 679,966 Macy's, Dillard's, JCPenney, Sears Domain, The TX Austin Fee 100.0%Built 2006 91.1%220,000 411,118(18)631,118 Neiman Marcus, Macy's, Borders Books & Music, Oakville Grocery, Village Roadshow
40. Eastland Mall IN Evansville Fee 50.0% (4)Acquired 1998 94.8%489,144 375,307 864,451 Macy's, JCPenney, Bed Bath & Beyond, Marshalls, Dillard's (6) Eastland Mall IN Evansville Fee 50.0%(4)Acquired 1998 93.5%489,144 375,242 864,386 Macy's, JCPenney, Dillard's
41. Edison Mall FL Fort Myers Fee 100.0%Acquired 1997 93.0%742,667 310,695 1,053,362 Dillard's, Macy's Mens, Children & Home, Macy's Women, JCPenney, Sears Edison Mall FL Fort Myers Fee 100.0%Acquired 1997 97.9%742,667 309,342 1,052,009 Dillard's, Macy's Mens, Children & Home, Macy's Women, JCPenney, Sears
42. Emerald Square MA North Attleboro (Providence — Fall River) Fee 49.1% (4)Acquired 1999 94.2%647,372 375,125 1,022,497 Macy's, Macy's Mens & Home Store, JCPenney, Sears Emerald Square MA North Attleboro (Providence—RI-New Bedford) Fee 49.1%(4)Acquired 1999 94.4%647,372 374,955 1,022,327 Macy's, Macy's Mens & Home Store, JCPenney, Sears
43. Empire Mall(2) SD Sioux Falls Fee and Ground Lease (2013)(7) 50.0%(4)Acquired 1998 93.9%497,341 547,880 1,045,221 Macy's, Younkers, JCPenney, Sears, Gordmans, Old Navy

Simon Property Group, L.P. and Subsidiaries

Property Table

U.S. Properties


  
  
  
  
  
  
  
 Gross Leasable Area
  
  
  
  
  
  
  
  
 Gross Leasable Area
  

 Property Name

 State
 City (Metropolitan area)
 Ownership Interest (Expiration if Lease) (3)
 Legal Ownership
 Year Built or Acquired
 Occupancy (5)
 Anchor
 Mall & Freestanding
 Total
 Retail Anchors and Major Tenants
  
  
  
 Ownership
Interest
(Expiration if
Lease)(3)

  
  
  
  

43.

 

Empire Mall (1)

 

SD

 

Sioux Falls

 

Fee and Ground Lease (2033) (7)

 

50.0

% (4)

Acquired 1998

 

92.4

%

497,341

 

548,004

 

1,045,345

 

Macy's, Younkers, JCPenney, Sears, Gordmans, Old Navy

 Property Name

 State
 City (CBSA)
 Ownership
Interest
(Expiration if
Lease)(3)

 Legal
Ownership

 Year Built
or
Acquired

 Occupancy(5)
 Anchor
 Mall &
Freestanding

 Total
 Retail Anchors and Major Tenants
44. Fashion Centre at Pentagon City, The VA Arlington (Washington, DC) Fee 42.5% (4)Built 1989 98.0%472,729 517,384(18)990,113 Nordstrom, Macy's Fashion Centre at Pentagon City, The VA Arlington (Washington, DC) 42.5%(4)Built 1989 95.7%472,729 521,516(18)994,245 Nordstrom, Macy's
45. Fashion Mall at Keystone IN Indianapolis Ground Lease (2067) 100.0%Acquired 1997 99.0%249,721 433,601(18)683,322 Saks Fifth Avenue, Parisian (16), Crate & Barrel, Nordstrom (20) Fashion Mall at Keystone IN Indianapolis Ground Lease (2067) 100.0%Acquired 1997 96.7%120,000 433,721(18)553,721 Saks Fifth Avenue, Crate & Barrel, Nordstrom (19), Keystone Art Cinema
46. Fashion Valley Mall CA San Diego Fee 50.0% (4)Acquired 2001 100.0%1,053,305 655,681 1,708,986 Saks Fifth Avenue, Neiman-Marcus, Bloomingdale's, Nordstrom, Macy's, JCPenney Fashion Valley Mall CA San Diego Fee 50.0%(4)Acquired 2001 98.7%1,053,305 654,841 1,708,146 Saks Fifth Avenue, Neiman-Marcus, Bloomingdale's, Nordstrom, Macy's, JCPenney, AMC Theatres
47. Firewheel Town Center TX Garland Fee 100.0%Built 2005 95.7%298,857 618,845(18)917,702 Dillard's, Macy's, Barnes & Noble, Circuit City, Linens 'n Things, Old Navy, Pier One, DSW, Cost Plus World Market Firewheel Town Center TX Garland (Dallas-Forth Worth) Fee 100.0%Built 2005 94.0%295,532 615,917(18)911,449 Dillard's, Macy's, Barnes & Noble, Circuit City, Linens 'n Things, Old Navy, Pier One, DSW, Cost Plus World Market, AMC Theatres, Dick's Sporting Goods(6)
48. Florida Mall, The FL Orlando Fee 50.0% (4)Built 1986 99.8%1,232,416 615,288 1,847,704 Saks Fifth Avenue, Nordstrom, Macy's, Dillard's, JCPenney, Sears, (8) Florida Mall, The FL Orlando Fee 50.0%(4)Built 1986 99.3%1,092,465 616,840 1,709,305 Saks Fifth Avenue, Nordstrom, Macy's, Dillard's, JCPenney, Sears,(8)
49. Forest Mall WI Fond Du Lac Fee 100.0%Built 1973 93.4%327,260 174,031 501,291 JCPenney, Kohl's, Younkers, Sears Forest Mall WI Fond Du Lac Fee 100.0%Built 1973 92.6%327,260 173,314 500,574 JCPenney, Kohl's, Younkers, Sears, Cinema I & II
50. Forum Shops at Caesars, The NV Las Vegas Ground Lease (2050) 100.0%Built 1992 99.4% 635,939 635,939   Forum Shops at Caesars, The NV Las Vegas Ground Lease (2050) 100.0%Built 1992 99.7% 635,258 635,258  
51. Galleria, The TX Houston Fee and Ground Lease (2029) (7) 31.5% (4)Acquired 2002 93.9%1,164,982 1,185,561 2,350,543 Saks Fifth Avenue, Neiman Marcus, Nordstrom, Macy's (2 locations), Borders Books & Music, University Club Galleria, The TX Houston Fee and Ground Lease (2029) 31.5%(4)Acquired 2002 95.8%1,233,802 1,113,396 2,347,198 Saks Fifth Avenue, Neiman Marcus, Nordstrom, Macy's (2 locations), Borders Books & Music, University Club
52. Granite Run Mall PA Media (Philadelphia) Fee 50.0% (4)Acquired 1998 90.9%500,809 535,456 1,036,265 JCPenney, Sears, Boscov's Granite Run Mall PA Media (Philadelphia) Fee 50.0%(4)Acquired 1998 86.7%500,809 535,357 1,036,166 JCPenney, Sears, Boscov's, Granite Run 8 Theatres
53. Great Lakes Mall OH Mentor (Cleveland) Fee 100.0%Built 1961 90.0%879,300 378,525 1,257,825 Dillard's Men's, Dillard's Women's, Macy's, JCPenney, Sears Great Lakes Mall OH Mentor (Cleveland) Fee 100.0%Built 1961 91.3%879,300 378,457 1,257,757 Dillard's Men's, Dillard's Women's, Macy's, JCPenney, Sears, Atlas Cinema
54. Greendale Mall MA Worcester (Boston) Fee and Ground Lease (2009) (7) 49.1% (4)Acquired 1999 92.6%132,634 298,732(18)431,366 Marshalls, T.J. Maxx 'N More, Best Buy, DSW Greendale Mall MA Worcester (Boston) Fee and Ground Lease (2009)(7) 49.1%(4)Acquired 1999 91.0%132,634 298,632(18)431,266 T.J. Maxx 'N More, Best Buy, DSW(8)
55. Greenwood Park Mall IN Greenwood (Indianapolis) Fee 100.0%Acquired 1979 99.0%754,928 408,820 1,163,748 Macy's, Von Maur, JCPenney, Sears, Dick's Sporting Goods, Barnes & Noble (6) Greenwood Park Mall IN Greenwood (Indianapolis) Fee 100.0%Acquired 1979 97.5%754,928 488,598 1,243,526 Macy's, Von Maur, JCPenney, Sears, Dick's Sporting Goods, Barnes & Noble, AMC Theatres
56. Gulf View Square FL Port Richey (Tampa — St. Pete) Fee 100.0%Built 1980 98.4%461,852 292,028 753,880 Macy's, Dillard's, JCPenney, Sears, Best Buy, Linens 'n Things Gulf View Square FL Port Richey (Tampa-St. Pete) Fee 100.0%Built 1980 99.8%461,852 291,977 753,829 Macy's, Dillard's, JCPenney, Sears, Best Buy, Linens 'n Things
57. Gwinnett Place GA Duluth (Atlanta) Fee 50.0% (4)Acquired 1998 89.5%843,609 434,254 1,277,863 Macy's, Parisian (19), JCPenney, Sears, (17) Gwinnett Place GA Duluth (Atlanta) Fee 75.0%Acquired 1998 87.1%843,609 434,300 1,277,909 Belk, JCPenney, Macy's, Sears, Gwinnett Place Cinema,(8)
58. Haywood Mall SC Greenville Fee and Ground Lease (2017) (7) 100.0%Acquired 1998 98.3%902,400 328,159 1,230,559 Macy's, Dillard's, JCPenney, Sears, Belk Haywood Mall SC Greenville Fee and Ground Lease (2017)(7) 100.0%Acquired 1998 99.4%902,400 328,787 1,231,187 Macy's, Dillard's, JCPenney, Sears, Belk
59. Highland Mall (1) TX Austin Fee and Ground Lease (2070) 50.0% (4)Acquired 1998 86.2%732,000 359,126 1,091,126 Dillard's Women's & Home, Dillard's Men's & Children's, Macy's Highland Mall(1) TX Austin Fee and Ground Lease (2070) 50.0%(4)Acquired 1998 77.6%732,000 359,199 1,091,199 Dillard's Women's & Home, Dillard's Men's & Children's, Macy's
60. Independence Center MO Independence (Kansas City) Fee 100.0%Acquired 1994 98.6%499,284 526,154 1,025,438 Dillard's, Macy's, Sears Independence Center MO Independence (Kansas City) Fee 100.0%Acquired 1994 99.2%499,284 532,844 1,032,128 Dillard's, Macy's, Sears
61. Indian River Mall FL Vero Beach Fee 50.0% (4)Built 1996 94.9%445,552 302,881 748,433 Dillard's, Macy's, JCPenney, Sears Indian River Mall FL Vero Beach Fee 50.0%(4)Built 1996 94.5%445,552 302,881 748,433 Dillard's, Macy's, JCPenney, Sears, AMC Theatres
62. Ingram Park Mall TX San Antonio Fee 100.0%Built 1979 93.9%750,888 375,484 1,126,372 Dillard's, Dillard's Home Store, Macy's, JCPenney, Sears, Bealls Ingram Park Mall TX San Antonio Fee 100.0%Built 1979 96.3%750,888 375,483 1,126,371 Dillard's, Dillard's Home Store, Macy's, JCPenney, Sears, Bealls
63. Irving Mall TX Irving (Dallas — Ft. Worth) Fee 100.0%Built 1971 98.1%637,415 406,712 1,044,127 Macy's, Dillard's, Sears, Circuit City, Burlington Coat Factory, (8) Irving Mall TX Irving (Dallas-Fort Worth) Fee 100.0%Built 1971 96.3%637,415 404,920 1,042,335 Macy's, Dillard's, Sears, Circuit City, Burlington Coat Factory, Steve & Barry's, General Cinema, (20)
64. Jefferson Valley Mall NY Yorktown Heights (New York) Fee 100.0%Built 1983 96.3%310,095 278,290 588,385 Macy's, Sears

Simon Property Group, L.P. and Subsidiaries

Property Table

U.S. Properties


  
  
  
  
  
  
  
 Gross Leasable Area
  
  
  
  
  
  
  
  
 Gross Leasable Area
  

 Property Name

 State
 City (Metropolitan area)
 Ownership Interest (Expiration if Lease) (3)
 Legal Ownership
 Year Built or Acquired
 Occupancy (5)
 Anchor
 Mall & Freestanding
 Total
 Retail Anchors and Major Tenants
  
  
  
 Ownership
Interest
(Expiration if
Lease)(3)

  
  
  
  

 Property Name

 State
 City (CBSA)
 Legal
Ownership

 Year Built
or
Acquired

 Occupancy(5)
 Anchor
 Mall &
Freestanding

 Total
 Retail Anchors and Major Tenants
64. Jefferson Valley Mall NY Yorktown Heights (New York) Fee 100.0%Built 1983 93.0%310,095 277,988 588,083 Macy's, Sears, H&M, Movies at Jefferson Valley

65.

 

King of Prussia Mall

 

PA

 

King of Prussia (Philadelphia)

 

Fee

 

12.4

% (4) (15)

Acquired 2003

 

96.4

%

1,545,812

 

1,065,157

(18)

2,610,969

 

Neiman Marcus, Bloomingdale's, Nordstrom, Lord & Taylor, Macy's (Plaza), Macy's (Court), JCPenney, Sears
 King of Prussia Mall PA King of Prussia (Philadelphia) Fee 12.4%(4) (15)Acquired 2003 96.3%1,545,812 1,068,085(18)2,613,897 Neiman Marcus, Bloomingdale's, Nordstrom, Lord & Taylor, Macy's (Plaza), Macy's (Court), JCPenney, Sears, Crate & Barrel(8)
66. Knoxville Center TN Knoxville Fee 100.0%Built 1984 94.0%597,028 384,086 981,114 Dillard's, JCPenney, Belk, Sears, The Rush Fitness Center Knoxville Center TN Knoxville Fee 100.0%Built 1984 90.5%597,028 384,569 981,597 JCPenney, Belk, Sears, The Rush Fitness Center, Regal Cinema, Dillard's(8)
67. La Plaza Mall TX McAllen Fee and Ground Lease (2040) (7) 100.0%Built 1976 99.9%776,397 427,124 1,203,521 Macy's, Macy's Home Store, Dillard's, JCPenney, Sears, Bealls, Joe Brand La Plaza Mall TX McAllen Fee and Ground Lease (2040)(7) 100.0%Built 1976 93.1%776,397 426,362 1,202,759 Macy's, Macy's Home Store, Dillard's, JCPenney, Sears, Joe Brand
68. Lafayette Square IN Indianapolis Fee 100.0%Built 1968 81.4%937,223 269,504 1,206,727 Macy's, Sears, Burlington Coat Factory, Steve & Barry's University Sportswear, (8) Laguna Hills Mall CA Laguna Hills (Los Angeles) Fee 100.0%Acquired 1997 93.6%536,500 330,506 867,006 Macy's, JCPenney, Sears, Laguna Hills Cinema, Nordstrom Rack(6), Ulta(6)
69. Laguna Hills Mall CA Laguna Hills (Orange County) Fee 100.0%Acquired 1997 88.6%536,500 329,260 865,760 Macy's, JCPenney, Sears Lake Square Mall FL Leesburg (Orlando) Fee 50.0%(4)Acquired 1998 83.3%296,037 239,982 536,019 JCPenney, Sears, Belk, Target, AMC Theatres, Books-A-Million
70. Lake Square Mall FL Leesburg (Orlando) Fee 50.0% (4)Acquired 1998 85.3%296,037 264,953 560,990 JCPenney, Sears, Belk, Target, Best Buy (6) Lakeline Mall TX Cedar Park (Austin) Fee 100.0%Built 1995 95.8%745,179 352,513 1,097,692 Dillard's, Macy's, JCPenney, Sears, Regal Cinema
71. Lakeline Mall TX Austin Fee 100.0%Built 1995 97.3%745,179 355,783 1,100,962 Dillard's, Macy's, JCPenney, Sears Lehigh Valley Mall PA Whitehall (Allentown—Bethlehem) Fee 37.6%(4) (15)Acquired 2003 99.1%564,353 593,841(18)1,158,194 Macy's, Boscov's, JCPenney, Linens 'n Things, Barnes & Noble
72. Lehigh Valley Mall PA Whitehall (Allentown — Bethlehem) Fee 37.6% (4) (15)Acquired 2003 98.7%564,353 482,855(18)1,047,208 Macy's, Boscov's, JCPenney, Linens 'n Things, Barnes & Noble (6) Lenox Square GA Atlanta Fee 100.0%Acquired 1998 90.6%873,580 665,010(18)1,538,590 Neiman Marcus, Bloomingdale's, Macy's, Crate & Barrel
73. Lenox Square GA Atlanta Fee 100.0%Acquired 1998 93.3%821,356 628,752 1,450,108 Neiman Marcus, Bloomingdale's, Macy's Liberty Tree Mall MA Danvers (Boston) Fee 49.1%(4)Acquired 1999 91.3%498,000 358,291 856,291 Marshalls, The Sports Authority, Target, Bed, Bath & Beyond, Kohl's, Best Buy, Staples, AC Moore, Old Navy, Pier 1 Imports, K&G Fashion Superstore, Gottschalk's, Lowes Theatre
74. Liberty Tree Mall MA Danvers (Boston) Fee 49.1% (4)Acquired 1999 97.7%498,000 359,251 857,251 Marshalls, The Sports Authority, Target, Bed, Bath & Beyond, Kohl's, Super Stop & Shop, Best Buy, Staples, AC Moore, Old Navy, Pier 1 Imports, K&G Fashion Superstore Lima Mall OH Lima Fee 100.0%Built 1965 90.6%541,861 203,650 745,511 Macy's, JCPenney, Elder-Beerman, Sears
75. Lima Mall OH Lima Fee 100.0%Built 1965 95.2%541,861 203,770 745,631 Macy's, JCPenney, Elder-Beerman, Sears Lincolnwood Town Center IL Lincolnwood (Chicago) Fee 100.0%Built 1990 96.7%220,830 201,033 421,863 Kohl's, Carson Pirie Scott
76. Lincolnwood Town Center IL Lincolnwood (Chicago) Fee 100.0%Built 1990 94.0%220,830 201,110 421,940 Kohl's, Carson Pirie Scott Lindale Mall(1) IA Cedar Rapids Fee 50.0%(4)Acquired 1998 85.4%305,563 387,862 693,425 Von Maur, Sears, Younkers
77. Lindale Mall (1) IA Cedar Rapids Fee 50.0% (4)Acquired 1998 84.3%305,563 388,024 693,587 Von Maur, Sears, Younkers Livingston Mall NJ Livingston (New York) Fee 100.0%Acquired 1998 95.4%616,128 338,851 954,979 Macy's, Lord & Taylor, Sears, Steve & Barry's, Barnes & Noble(6), Modell's Sporting Goods(6)
78. Livingston Mall NJ Livingston (New York) Fee 100.0%Acquired 1998 96.3%616,128 363,871 979,999 Macy's, Lord & Taylor, Sears, Steve & Barry's Longview Mall TX Longview Fee 100.0%Built 1978 87.2%440,917 209,283 650,200 Dillard's, JCPenney, Sears, Bealls,(17)
79. Longview Mall TX Longview Fee 100.0%Built 1978 87.1%402,843 209,472 612,315 Dillard's, JCPenney, Sears, Bealls, (17) Mall at Chestnut Hill MA Chestnut Hill (Boston) Lease (2039)(9) 47.2%(4)Acquired 2002 97.9%297,253 180,181 477,434 Bloomingdale's, Bloomingdale's Home Furnishing and Men's Store
80. Mall at Chestnut Hill MA Newton (Boston) Lease (2039) (9) 47.2% (4)Acquired 2002 97.0%297,253 180,109 477,362 Bloomingdale's, Bloomingdale's Home Furnishing and Men's Store Mall at Rockingham Park, The NH Salem (Boston) Fee 24.6%(4)Acquired 1999 99.9%638,111 382,059 1,020,170 JCPenney, Sears, Macy's(8)
81. Mall at Rockingham Park, The NH Salem (Boston) Fee 24.6% (4)Acquired 1999 97.5%638,111 381,676 1,019,787 Macy's, JCPenney, Sears, (8) Mall at The Source, The NY Westbury (New York) Fee 25.5%(4)(2)Built 1997 96.9%210,798 516,222 727,020 Fortunoff, Off 5th-Saks Fifth Avenue, Nordstrom Rack, Circuit City, David's Bridal, Steve & Barry's, Golf Galaxy
82. Mall at The Source, The NY Westbury (New York) Fee 25.5% (4) (2)Built 1997 96.0%210,798 515,250 726,048 Fortunoff, Off 5th-Saks Fifth Avenue, Nordstrom Rack, Circuit City, David's Bridal, Steve & Barry's, Golf Galaxy Mall of Georgia GA Buford (Atlanta) Fee 100.0%Built 1999 98.2%1,069,590 723,886 1,793,476 Nordstrom, Dillard's, Macy's, JCPenney, Belk, Dick's Sporting Goods, Barnes & Noble, Haverty's Furniture, Bed Bath & Beyond, Regal Cinema
83. Mall of Georgia GA Buford (Atlanta) Fee 100.0%Built 1999 91.8%1,069,590 716,341 1,785,931 Nordstrom, Dillard's, Macy's, JCPenney, Belk, Dick's Sporting Goods, Barnes & Noble, Haverty's Furniture, Bed Bath & Beyond Mall of New Hampshire, The NH Manchester Fee 49.1%(4)Acquired 1999 97.8%444,889 362,874 807,763 Macy's, JCPenney, Sears, Best Buy, Old Navy, A.C. Moore
84. Mall of New Hampshire NH Manchester (Boston) Fee 49.1% (4)Acquired 1999 97.9%444,889 362,807 807,696 Macy's, JCPenney, Sears, Best Buy, Old Navy, A.C. Moore Maplewood Mall MN Minneapolis Fee 100.0%Acquired 2002 98.2%588,822 341,702 930,524 Macy's, JCPenney, Sears, Kohl's, Barnes & Noble
85. Maplewood Mall MN Minneapolis Fee 100.0%Acquired 2002 92.0%588,822 341,972 930,794 Macy's, JCPenney, Sears, Kohl's, Barnes & Noble
86. Markland Mall IN Kokomo Ground Lease (2041) 100.0%Built 1968 94.8%273,094 141,692 414,786 Sears, Target, (8)

Simon Property Group, L.P. and Subsidiaries

Property Table

U.S. Properties


  
  
  
  
  
  
  
 Gross Leasable Area
  
  
  
  
  
  
  
  
 Gross Leasable Area
  

 Property Name

 State
 City (Metropolitan area)
 Ownership Interest (Expiration if Lease) (3)
 Legal Ownership
 Year Built or Acquired
 Occupancy (5)
 Anchor
 Mall & Freestanding
 Total
 Retail Anchors and Major Tenants
  
  
  
 Ownership
Interest
(Expiration if
Lease)(3)

  
  
  
  

 Property Name

 State
 City (CBSA)
 Legal
Ownership

 Year Built
or
Acquired

 Occupancy(5)
 Anchor
 Mall &
Freestanding

 Total
 Retail Anchors and Major Tenants
85. Markland Mall IN Kokomo Ground Lease (2041) 100.0%Built 1968 93.7%273,094 120,602 393,696 Sears, Target, MC Sporting Goods(6)(8)
86. McCain Mall AR N. Little Rock Fee and Ground Lease (2032)(10) 100.0%Built 1973 96.1%554,156 221,463 775,619 Dillard's, JCPenney, Sears,(8)

87.

 

McCain Mall

 

AR

 

N. Little Rock

 

Fee and Ground Lease (2032) (10)

 

100.0

%

Built 1973

 

93.5

%

554,156

 

221,474

 

775,630

 

Dillard's, JCPenney, Sears, M.M. Cohn
 Melbourne Square FL Melbourne Fee 100.0%Built 1982 83.9%416,167 294,331 710,498 Macy's, Dillard's Men's, Children's & Home, Dillard's Women's, JCPenney, Dick's Sporting Goods, Circuit City
88. Melbourne Square FL Melbourne Fee 100.0%Built 1982 90.5%416,167 294,373 710,540 Macy's, Dillard's Men's, Children's & Home, Dillard's Women's, JCPenney, Dick's Sporting Goods, Circuit City Menlo Park Mall NJ Edison (New York) Fee 100.0%Acquired 1997 97.4%527,591 794,480(18)1,322,071 Nordstrom, Macy's, Barnes & Noble, Steve & Barry's, Cineplex Odeon
89. Menlo Park Mall NJ Edison (New York) Fee 100.0%Acquired 1997 95.4%527,591 756,358(18)1,283,949 Nordstrom, Macy's, Barnes & Noble, Steve & Barry's Mesa Mall(1) CO Grand Junction Fee 50.0%(4)Acquired 1998 83.0%441,208 441,532 882,740 Sears, Herberger's, JCPenney, Target, Mervyn's
90. Mesa Mall (1) CO Grand Junction Fee 50.0% (4)Acquired 1998 89.2%441,208 443,015 884,223 Sears, Herberger's, JCPenney, Target, Mervyn's Miami International Mall FL Miami Fee 47.8%(4)Built 1982 95.6%778,784 294,765 1,073,549 Macy's Mens & Home, Macy's Women & Children, Dillard's, JCPenney, Sears
91. Miami International Mall FL South Miami Fee 47.8% (4)Built 1982 97.5%778,784 294,825 1,073,609 Macy's Mens & Home, Macy's Women & Children, Dillard's, JCPenney, Sears Midland Park Mall TX Midland Fee 100.0%Built 1980 90.0%339,113 279,216 618,329 Dillard's, Dillard's Mens & Juniors, JCPenney, Sears, Bealls, Ross Dress for Less
92. Midland Park Mall TX Midland Fee 100.0%Built 1980 92.3%339,113 279,430 618,543 Dillard's, Dillard's Mens & Juniors, JCPenney, Sears, Bealls, Ross Dress for Less Miller Hill Mall MN Duluth Ground Lease (2013) 100.0%Built 1973 96.5%429,508 361,507 791,015 JCPenney, Sears, Younkers, Barnes & Noble, Old Navy, DSW
93. Miller Hill Mall MN Duluth Ground Lease (2008) 100.0%Built 1973 97.4%429,508 379,884 809,392 JCPenney, Sears, Younkers, Barnes & Noble, Old Navy, DSW Montgomery Mall PA North Wales (Philadelphia) Fee 60.0%(15)Acquired 2003 90.0%684,855 408,873 1,093,728 Macy's, JCPenney, Sears, Boscov's, Dick's Sporting Goods(6)
94. Montgomery Mall PA Montgomeryville (Philadelphia) Fee 53.5% (15)Acquired 2003 90.9%684,855 434,306 1,119,161 Macy's, JCPenney, Sears, Boscov's Muncie Mall IN Muncie Fee 100.0%Built 1970 90.3%435,756 203,993 639,749 Macy's, JCPenney, Sears, Elder Beerman
95. Muncie Mall IN Muncie Fee 100.0%Built 1970 90.5%435,756 204,894 640,650 Macy's, JCPenney, Sears, Elder Beerman Nanuet Mall NY Nanuet (New York) Fee 100.0%Acquired 1998 66.7%583,711 331,263 914,974 Macy's, Boscov's, Sears
96. Nanuet Mall NY Nanuet (New York) Fee 100.0%Acquired 1998 74.7%583,711 331,764 915,475 Macy's, Boscov's, Sears North East Mall TX Hurst (Dallas-Fort Worth) Fee 100.0%Built 1971 95.6%1,191,930 452,245 1,644,175 Nordstrom, Dillard's, Macy's, JCPenney, Sears, Dick's Sporting Goods, Rave Theatre
97. North East Mall TX Hurst (Dallas — Ft. Worth) Fee 100.0%Built 1971 95.2%1,194,589 452,659 1,647,248 Nordstrom, Dillard's, Macy's, JCPenney, Sears, Dick's Sporting Goods (6) Northfield Square Mall IL Bourbonnais Fee 31.6%(12)Built 1990 76.4%310,994 246,540 557,534 Carson Pirie Scott Women's, Carson Pirie Scott Men's, Children's & Home, JCPenney, Sears, Cinemark Movies 10
98. Northfield Square Mall IL Bourbonnais (Chicago) Fee 31.6% (12)Built 1990 79.0%310,994 246,672 557,666 Carson Pirie Scott Women's, Carson Pirie Scott Men's, Children's & Home, JCPenney, Sears Northgate Mall WA Seattle Fee 100.0%Acquired 1987 96.6%612,073 395,328 1,007,401 Nordstrom, Macy's, JCPenney, Toys 'R Us, Barnes & Noble, Bed Bath & Beyond(6), DSW
99. Northgate Mall WA Seattle Fee 100.0%Acquired 1987 98.2%688,391 291,003 979,394 Nordstrom, Macy's, JCPenney, Toys 'R Us, Barnes & Noble (6), Bed Bath & Beyond (6), DSW (6) Northlake Mall GA Atlanta Fee 100.0%Acquired 1998 97.9%665,745 296,457 962,202 Macy's, JCPenney, Sears, Kohl's(6)
100. Northlake Mall GA Atlanta Fee 100.0%Acquired 1998 96.4%665,745 296,626 962,371 Macy's, Parisian (19), JCPenney, Sears NorthPark Mall IA Davenport Fee 50.0%(4)Acquired 1998 86.0%650,456 422,579 1,073,035 Dillard's, Von Maur, Younkers, JCPenney, Sears
101. NorthPark Mall IA Davenport Fee 50.0% (4)Acquired 1998 84.7%650,456 423,484 1,073,940 Dillard's, Von Maur, Younkers, JCPenney, Sears Northshore Mall MA Peabody (Boston) Fee 49.1%(4)Acquired 1999 89.8%677,433 692,439 1,369,872 JCPenney, Sears, Filene's Basement, Nordstrom (19), Macy's Home(6)
102. Northshore Mall MA Peabody (Boston) Fee 49.1% (4)Acquired 1999 91.3%677,433 688,876 1,366,309 Macy's, JCPenney, Sears, Filene's Basement, Nordstrom (20), Macy's Home (6) Northwoods Mall IL Peoria Fee 100.0%Acquired 1983 96.1%472,969 221,040 694,009 Macy's, JCPenney, Sears
103. Northwoods Mall IL Peoria Fee 100.0%Acquired 1983 93.8%472,969 221,068 694,037 Macy's, JCPenney, Sears Oak Court Mall TN Memphis Fee 100.0%Acquired 1997 93.3%532,817 314,812(18)847,629 Dillard's, Dillard's Mens, Macy's
104. Oak Court Mall TN Memphis Fee 100.0%Acquired 1997 91.3%532,817 314,264(18)847,081 Dillard's, Dillard's Mens, Macy's Ocean County Mall NJ Toms River (New York) Fee 100.0%Acquired 1998 95.7%616,443 274,402 890,845 Macy's, Boscov's, JCPenney, Sears
105. Ocean County Mall NJ Toms River (New York) Fee 100.0%Acquired 1998 93.9%616,443 274,856 891,299 Macy's, Boscov's, JCPenney, Sears Orange Park Mall FL Orange Park (Jacksonville) Fee 100.0%Acquired 1994 95.2%576,051 382,956 959,007 Dillard's, JCPenney, Sears, Belk, Dick's Sporting Goods, AMC Theatres
106. Orange Park Mall FL Orange Park (Jacksonville) Fee 100.0%Acquired 1994 94.8%528,551 381,658 910,209 Dillard's, JCPenney, Sears, Belk, Dick's Sporting Goods (6) Orland Square IL Orland Park (Chicago) Fee 100.0%Acquired 1997 98.7%773,295 438,011 1,211,306 Macy's, Carson Pirie Scott, JCPenney, Sears, Pitt Theatres
107. Orland Square IL Orland Park (Chicago) Fee 100.0%Acquired 1997 98.2%773,295 437,045 1,210,340 Macy's, Carson Pirie Scott, JCPenney, Sears
108. Oxford Valley Mall PA Langhorne (Philadelphia) Fee 63.2% (15)Acquired 2003 94.0%762,558 558,957(18)1,321,515 Macy's, JCPenney, Sears, Boscov's
109. Paddock Mall FL Ocala Fee 100.0%Built 1980 93.7%387,378 167,723 555,101 Macy's, JCPenney, Sears, Belk
110. Palm Beach Mall FL West Palm Beach Fee 100.0%Built 1967 92.2%749,288 335,086 1,084,374 Dillard's, Macy's, JCPenney, Sears, Borders Books & Music, DSW
111. Penn Square Mall OK Oklahoma City Ground Lease (2060) 94.5%Acquired 2002 99.4%588,137 462,542 1,050,679 Macy's, Dillard's Women's, Dillard's Men's, Children's & Home, JCPenney
112. Pheasant Lane Mall NH Nashua (Boston) (14) (14) Acquired 2002 96.7%675,759 313,615 989,374 Macy's, JCPenney, Sears, Target

Simon Property Group, L.P. and Subsidiaries

Property Table

U.S. Properties


  
  
  
  
  
  
  
 Gross Leasable Area
  
  
  
  
  
  
  
  
 Gross Leasable Area
  

 Property Name

 State
 City (Metropolitan area)
 Ownership Interest (Expiration if Lease) (3)
 Legal Ownership
 Year Built or Acquired
 Occupancy (5)
 Anchor
 Mall & Freestanding
 Total
 Retail Anchors and Major Tenants
  
  
  
 Ownership
Interest
(Expiration if
Lease)(3)

  
  
  
  

 Property Name

 State
 City (CBSA)
 Legal
Ownership

 Year Built
or
Acquired

 Occupancy(5)
 Anchor
 Mall &
Freestanding

 Total
 Retail Anchors and Major Tenants
107. Oxford Valley Mall PA Langhorne (Philadelphia) Fee 63.2%(15)Acquired 2003 96.0%762,558 556,333(18)1,318,891 Macy's, JCPenney, Sears, Boscov's, United Artists Theatre
108. Paddock Mall FL Ocala Fee 100.0%Built 1980 92.9%387,378 168,111 555,489 Macy's, JCPenney, Sears, Belk
109. Palm Beach Mall FL West Palm Beach (Miami-Fort Lauderdale) Fee 100.0%Built 1967 82.3%749,288 335,023 1,084,311 Dillard's, Macy's, JCPenney, Sears, Borders Books & Music, DSW
110. Penn Square Mall OK Oklahoma City Ground Lease (2060) 94.5%Acquired 2002 97.3%588,137 462,399 1,050,536 Macy's, Dillard's Women's, Dillard's Men's, Children's & Home, JCPenney, Dickinson Theatre
111. Pheasant Lane Mall NH Nashua (Manchester) (14) (14) Acquired 2002 97.0%555,474 313,095 868,569 JCPenney, Sears, Target(8)
112. Phipps Plaza GA Atlanta Fee 100.0%Acquired 1998 96.3%472,385 346,240 818,625 Saks Fifth Avenue, Nordstrom, Belk, AMC Theatres

113.

 

Phipps Plaza

 

GA

 

Atlanta

 

Fee

 

100.0

%

Acquired 1998

 

98.9

%

472,385

 

347,202

 

819,587

 

Saks Fifth Avenue, Nordstrom, Parisian (19)
 Plaza Carolina PR Carolina (San Juan) Fee 100.0%Acquired 2004 97.9%504,796 592,267(18)1,097,063 JCPenney, Sears, Cinevista
114. Plaza Carolina PR Carolina (San Juan) Fee 100.0%Acquired 2004 97.1%504,796 609,476(18)1,114,272 JCPenney, Sears Port Charlotte Town Center FL Port Charlotte (Punta Gorda) Fee 80.0%(12)Built 1989 86.9%458,251 322,000 780,251 Dillard's, Macy's, JCPenney, Bealls, Sears, DSW, Regal Cinema
115. Port Charlotte Town Center FL Port Charlotte (Punta Gorda) Fee 80.0% (12)Built 1989 87.6%458,251 323,692 781,943 Dillard's, Macy's, JCPenney, Bealls, Sears, DSW Prien Lake Mall LA Lake Charles Fee and Ground Lease (2025)(7) 100.0%Built 1972 91.8%644,124 177,394 821,518 Dillard's, JCPenney, Sears, Macy's, Cinemark Theatres,(8)
116. Prien Lake Mall LA Lake Charles Fee and Ground Lease (2025) (7) 100.0%Built 1972 90.2%644,124 177,626 821,750 Dillard's, Macy's, JCPenney, Sears Quaker Bridge Mall NJ Lawrenceville (Trenton) Fee 38.0%(4)(15)Acquired 2003 97.4%686,760 412,144 1,098,904 Macy's, Lord & Taylor, JCPenney, Sears
117. Quaker Bridge Mall NJ Lawrenceville Fee 38.0% (4) (15)Acquired 2003 97.5%686,760 412,636 1,099,396 Macy's, Lord & Taylor, JCPenney, Sears, Old Navy Raleigh Springs Mall TN Memphis Fee and Ground Lease (2018)(7) 100.0%Built 1971 59.1%691,230 225,965 917,195 Sears, Malco Theatres,(8),(17)
118. Raleigh Springs Mall TN Memphis Fee and Ground Lease (2018) (7) 100.0%Built 1971 66.0%691,230 226,100 917,330 Sears, (8), (17) Richmond Town Square OH Richmond Heights (Cleveland) Fee 100.0%Built 1966 98.4%685,251 331,663 1,016,914 Macy's, JCPenney, Sears, Barnes & Noble, Steve & Barry's, Loews Theatre
119. Richardson Square Mall TX Richardson (Dallas — Ft. Worth) Fee 100.0%Built 1977 28.6%460,055 284,240 744,295 Dillard's, Sears, Super Target, Ross Dress for Less River Oaks Center IL Calumet City (Chicago) Fee 100.0%Acquired 1997 90.8%807,871 557,760(18)1,365,631 Macy's, Carson Pirie Scott, JCPenney, Sears, Steve & Barry's, River Oaks 6
120. Richmond Town Square OH Richmond Heights (Cleveland) Fee 100.0%Built 1966 98.9%685,251 331,663 1,016,914 Macy's, JCPenney, Sears, Barnes & Noble, Steve & Barry's Rockaway Townsquare NJ Rockaway (New York) Fee 100.0%Acquired 1998 98.0%786,626 456,720 1,243,346 Macy's, Lord & Taylor, JCPenney, Sears
121. River Oaks Center IL Calumet City (Chicago) Fee 100.0%Acquired 1997 88.5%834,588 533,914(18)1,368,502 Macy's, Carson Pirie Scott, JCPenney, Sears Rolling Oaks Mall TX San Antonio Fee 100.0%Built 1988 88.9%596,308 285,785 882,093 Dillard's, Macy's, JC Penney, Sears
122. Rockaway Townsquare NJ Rockaway (New York) Fee 100.0%Acquired 1998 97.5%786,626 462,038 1,248,664 Macy's, Lord & Taylor, JCPenney, Sears Roosevelt Field NY Garden City (New York) Fee and Ground Lease (2090)(7) 100.0%Acquired 1998 98.8%1,430,425 779,991(18)2,210,416 Bloomingdale's, Bloomingdale's Furniture Gallery, Nordstrom, Macy's, JCPenney, Dick's Sporting Goods, Loews Theatre, Sport Fitness
123. Rolling Oaks Mall TX San Antonio Fee 100.0%Built 1988 83.5%596,308 288,109 884,417 Dillard's, Macy's, JC Penney, Sears Ross Park Mall PA Pittsburgh Fee 100.0%Built 1986 93.9%563,477 458,220 1,021,697 JCPenney, Sears, Nordstrom (19), Old Navy, H&M
124. Roosevelt Field NY Garden City (New York) Fee and Ground Lease (2090) (7) 100.0%Acquired 1998 94.9%1,430,425 778,656(18)2,209,081 Bloomingdale's, Bloomingdale's Furniture Gallery, Nordstrom, Macy's, JCPenney, Dick's Sporting Goods Rushmore Mall(1) SD Rapid City Fee 50.0%(4)Acquired 1998 91.2%470,660 361,643 832,303 JCPenney, Herberger's, Sears, Target, Carmike Cinemas
125. Ross Park Mall PA Pittsburgh Fee 100.0%Built 1986 98.5%622,215 406,902 1,029,117 Macy's, JCPenney, Sears, Nordstrom (20) Santa Rosa Plaza CA Santa Rosa Fee 100.0%Acquired 1998 96.7%428,258 270,487 698,745 Macy's, Mervyn's, Sears
126. Rushmore Mall (1) SD Rapid City Fee 50.0% (4)Acquired 1998 88.6%470,660 362,653 833,313 JCPenney, Herberger's, Sears, Hobby Lobby, Target Seminole Towne Center FL Sanford (Orlando) Fee 45.0%(4)(2)Built 1995 92.5%768,798 369,098 1,137,896 Macy's, Dillard's, Belk, JCPenney, Sears, United Artists Theatre
127. Santa Rosa Plaza CA Santa Rosa Fee 100.0%Acquired 1998 96.9%428,258 270,565 698,823 Macy's, Mervyn's, Sears Shops at Mission Viejo, The CA Mission Viejo (Los Angeles) Fee 100.0%Built 1979 98.9%677,215 472,775 1,149,990 Saks Fifth Avenue, Nordstrom, Macy's (2 locations)
128. Seminole Towne Center FL Sanford (Orlando) Fee 45.0% (4) (2)Built 1995 94.1%768,798 367,781 1,136,579 Macy's, Dillard's, Belk, JCPenney, Sears Shops at Sunset Place, The FL S. Miami Fee 37.5%(4)(2)Built 1999 90.5% 514,559 514,559 NikeTown, Barnes & Noble, GameWorks, Virgin Megastore, Z Gallerie, LA Fitness, AMC Theatres
129. Shops at Mission Viejo, The CA Mission Viejo (Orange County) Fee 100.0%Built 1979 100.0%677,215 472,585 1,149,800 Saks Fifth Avenue, Nordstrom, Macy's (2 locations) Smith Haven Mall NY Lake Grove (New York) Fee 25.0%(4)Acquired 1995 92.2%794,315 517,201 1,311,516 Macy's, Macy's Furniture Gallery, JCPenney, Sears, Dick's Sporting Goods, Barnes & Noble(6)
130. Shops at Sunset Place, The FL Miami Fee 37.5% (4) (2)Built 1999 96.0% 510,056 510,056 NikeTown, Barnes & Noble, GameWorks, Virgin Megastore, Z Gallerie, LA Fitness Solomon Pond Mall MA Marlborough (Boston) Fee 49.1%(4)Acquired 1999 94.6%538,843 371,627 910,470 Macy's, JCPenney, Sears, Linens 'n Things, Regal Cinema
131. Smith Haven Mall NY Lake Grove (New York) Fee 25.0% (4)Acquired 1995 95.9%666,283 416,035 1,082,318 Macy's, Macy's Furniture, JCPenney, Sears, Dick's Sporting Goods (6), Barnes & Noble (6)
132. Solomon Pond Mall MA Marlborough (Boston) Fee 49.1% (4)Acquired 1999 93.0%538,843 371,326 910,169 Macy's, JCPenney, Sears, Linens 'n Things
133. South Hills Village PA Pittsburgh Fee 100.0%Acquired 1997 97.6%655,987 485,604 1,141,591 Macy's, Sears, Boscov's, Barnes & Noble
134. South Shore Plaza MA Braintree (Boston) Fee 100.0%Acquired 1998 96.3%547,287 613,809 1,161,096 Macy's, Lord & Taylor, Sears, Nordstrom (20)
135. Southern Hills Mall (1) IA Sioux City Fee 50.0% (4)Acquired 1998 87.2%372,937 431,916 804,853 Younkers, JCPenney, Sears, Sheel's Sporting Goods, Barnes & Noble
136. Southern Park Mall OH Boardman (Youngstown) Fee 100.0%Built 1970 94.9%811,858 383,660 1,195,518 Macy's, Dillard's, JCPenney, Sears
137. SouthPark Mall IL Moline (Davenport — Moline) Fee 50.0% (4)Acquired 1998 87.7%578,056 447,804 1,025,860 Dillard's, Von Maur, Younkers, JCPenney, Sears, Old Navy
138. SouthPark NC Charlotte Fee & Ground Lease (2040) (11) 100.0%Acquired 2002 99.8%1,044,742 530,839 1,575,581 Neiman Marcus, Nordstrom, Macy's, Dillard's, Belk, Dick's Sporting Goods, Crate & Barrel

Simon Property Group, L.P. and Subsidiaries

Property Table

U.S. Properties


  
  
  
  
  
  
  
 Gross Leasable Area
  
  
  
  
  
  
  
  
 Gross Leasable Area
  

 Property Name

 State
 City (Metropolitan area)
 Ownership Interest (Expiration if Lease) (3)
 Legal Ownership
 Year Built or Acquired
 Occupancy (5)
 Anchor
 Mall & Freestanding
 Total
 Retail Anchors and Major Tenants
  
  
  
 Ownership
Interest
(Expiration if
Lease)(3)

  
  
  
  

 Property Name

 State
 City (CBSA)
 Legal
Ownership

 Year Built
or
Acquired

 Occupancy(5)
 Anchor
 Mall &
Freestanding

 Total
 Retail Anchors and Major Tenants
131. South Hills Village PA Pittsburgh Fee 100.0%Acquired 1997 97.8%655,987 484,424 1,140,411 Macy's, Sears, Boscov's, Barnes & Noble, Carmike Cinemas
132. South Shore Plaza MA Braintree (Boston) Fee 100.0%Acquired 1998 95.9%547,287 623,808 1,171,095 Macy's, Lord & Taylor, Sears, Filene's Basement, Nordstrom (19)
133. Southern Hills Mall(1) IA Sioux City Fee 50.0%(4)Acquired 1998 93.4%372,937 425,694 798,631 Younkers, JCPenney, Sears, Sheel's Sporting Goods, Barnes & Noble, Carmike Cinemas
134. Southern Park Mall OH Boardman (Youngstown) Fee 100.0%Built 1970 94.0%811,858 383,830 1,195,688 Macy's, Dillard's, JCPenney, Sears, Tinseltown USA
135. SouthPark NC Charlotte Fee & Ground Lease (2040)(11) 100.0%Acquired 2002 99.8%1,044,742 569,557 1,614,299 Neiman Marcus, Nordstrom, Macy's, Dillard's, Belk, Dick's Sporting Goods, Crate & Barrel
136. SouthPark Mall IL Moline (Davenport—IA-Moline) Fee 50.0%(4)Acquired 1998 83.3%578,056 445,948 1,024,004 Dillard's, Von Maur, Younkers, JCPenney, Sears, Old Navy
137. SouthRidge Mall(1) IA Des Moines Fee 50.0%(4)Acquired 1998 70.8%388,752 498,080 886,832 JCPenney, Younkers, Sears, Target, Steve & Barry's,(8)
138. Springfield Mall(1) PA Springfield (Philadelphia) Fee 38.0%(4)(15)Acquired 2005 86.9%367,176 221,592 588,768 Macy's,(8)

139.

 

SouthRidge Mall (1)

 

IA

 

Des Moines

 

Fee

 

50.0

% (4)

Acquired 1998

 

76.6

%

388,752

 

523,443

 

912,195

 

JCPenney, Younkers, Sears, Target, (8)
 Square One Mall MA Saugus (Boston) Fee 49.1%(4)Acquired 1999 95.6%608,601 321,446 930,047 Macy's, Sears, Best Buy, T.J. Maxx N More, Best Buy, Old Navy, Dick's Sporting Goods
140. Springfield Mall (1) PA Springfield (Philadelphia) Fee 38.0% (4) (15)Acquired 2005 87.5%367,176 221,489 588,665 Macy's, (8) St. Charles Towne Center MD Waldorf (Washington, D.C.) Fee 100.0%Built 1990 94.0%631,602 350,858 982,460 Macy's, Macy's Home Store, JCPenney, Sears, Kohl's, Dick Sporting Goods, Cineplex Odeon
141. Square One Mall MA Saugus (Boston) Fee 49.1% (4)Acquired 1999 94.4%608,601 324,669 933,270 Macy's, Sears, Best Buy, T.J. Maxx N More, Best Buy, Old Navy, Dick's Sporting Goods (6) St. Johns Town Center FL Jacksonville Fee 50.0%(4)Built 2005 96.7%653,291 562,667 1,215,958 Dillard's, Target, Ashley Furniture Home Store, Barnes & Noble, Dick's Clothing & Sporting Goods, Ross Dress for Less, Staples, DSW, JoAnn Fabrics, PetsMart, Old Navy
142. St. Charles Towne Center MD Waldorf (Washington, D.C.) Fee 100.0%Built 1990 96.7%631,602 350,574 982,176 Macy's, Macy's Home Store, JCPenney, Sears, Kohl's, Dick Sporting Goods Stanford Shopping Center CA Palo Alto (San Francisco) Ground Lease (2054) 100.0%Acquired 2003 97.2%849,153 528,696(18)1,377,849 Neiman Marcus, Bloomingdale's, Nordstrom, Macy's, Macy's Mens Store
143. St. Johns Town Center FL Jacksonville Fee 50.0% (4)Built 2005 100.0%653,291 379,212 1,032,503 Dillard's, Target, Ashley Furniture Home Store, Barnes & Noble, Dick's Clothing & Sporting Goods, Ross Dress for Less, Staples, DSW, JoAnn Fabrics, PetsMart, Old Navy Summit Mall OH Akron Fee 100.0%Built 1965 90.9%432,936 322,443 755,379 Dillard's Women's & Children's, Dillard's Men's & Home, Macy's
144. Stanford Shopping Center CA Palo Alto (San Francisco) Ground Lease (2054) 100.0%Acquried 2003 97.7%849,153 528,750(18)1,377,903 Neiman Marcus, Bloomingdale's, Nordstrom, Macy's, Macy's Mens Store Sunland Park Mall TX El Paso Fee 100.0%Built 1988 96.2%575,837 341,916 917,753 Macy's, Dillard's Women's & Children's, Dillard's Men's & Home, Mervyn's, Sears, AMC Theatres
145. Summit Mall OH Akron Fee 100.0%Built 1965 93.0%432,936 330,976 763,912 Dillard's Women's & Children's, Dillard's Men's & Home, Macy's Tacoma Mall WA Tacoma (Seattle) Fee 100.0%Acquired 1987 95.1%797,895 405,638 1,203,533 Nordstrom(6), Macy's, JCPenney, Sears, David's Bridal
146. Sunland Park Mall TX El Paso Fee 100.0%Built 1988 94.4%575,837 342,234 918,071 Macy's, Dillard's Women's & Children's, Dillard's Men's & Home, Mervyn's, Sears Tippecanoe Mall IN Lafayette Fee 100.0%Built 1973 96.9%537,790 323,516 861,306 Macy's, JCPenney, Sears, Kohl's, Dick's Sporting Goods, H.H. Gregg
147. Tacoma Mall WA Tacoma Fee 100.0%Acquired 1987 98.9%924,045 407,010 1,331,055 Nordstrom, Macy's, JCPenney, Sears, Mervyn's Town Center at Aurora CO Aurora (Denver) Fee 100.0%Acquired 1998 88.2%682,169 402,314 1,084,483 Macy's, Dillard's, JCPenney, Sears, Century Theatres
148. Tippecanoe Mall IN Lafayette Fee 100.0%Built 1973 89.8%537,790 322,694 860,484 Macy's, JCPenney, Sears, Kohl's, Dick's Sporting Goods, H.H. Gregg Town Center at Boca Raton FL Boca Raton (Miami-Fort Lauderdale) Fee 100.0%Acquired 1998 95.4%1,085,312 539,482 1,624,794 Saks Fifth Avenue, Neiman Marcus, Bloomingdale's, Nordstrom, Macy's, Sears, Crate & Barrel
149. Town Center at Aurora CO Aurora (Denver) Fee 100.0%Acquired 1998 85.2%676,637 401,903 1,078,540 Macy's, Dillard's, JCPenney, Sears Town Center at Cobb GA Kennesaw (Atlanta) Fee 75.0%Acquired 1998 95.4%866,381 406,582 1,272,963 Belk, Macy's, JCPenney, Sears, Macy's Furniture
150. Town Center at Boca Raton FL Boca Raton (W. Palm Beach) Fee 100.0%Acquired 1998 99.3%1,085,312 493,628 1,578,940 Saks Fifth Avenue, Neiman Marcus, Bloomingdale's, Nordstrom, Macy's, Sears, Crate & Barrel (6) Towne East Square KS Wichita Fee 100.0%Built 1975 91.7%779,490 357,126 1,136,616 Dillard's, Von Maur, JCPenney, Sears
151. Town Center at Cobb GA Kennesaw (Atlanta) Fee 50.0% (4)Acquired 1998 96.1%866,381 406,050 1,272,431 Macy's, Macy's Home & Furniture, Parisian (19), JCPenney, Sears Towne West Square KS Wichita Fee 100.0%Built 1980 77.9%619,269 333,162 952,431 Dillard's Women's & Home, Dillard's Men's & Children, JCPenney, Sears, Dick's Sporting Goods, The Movie Machine
152. Towne East Square KS Wichita Fee 100.0%Built 1975 88.0%779,490 358,838 1,138,328 Dillard's, Von Maur, JCPenney, Sears Treasure Coast Square FL Jensen Beach Fee 100.0%Built 1987 97.8%511,372 348,748 860,120 Macy's, Dillard's, JCPenney, Sears, Borders Books & Music, Regal Cinema
153. Towne West Square KS Wichita Fee 100.0%Built 1980 83.1%619,269 332,287 951,556 Dillard's Women's & Home, Dillard's Men's & Children, JCPenney, Sears, Dick's Sporting Goods Tyrone Square FL St. Petersburg (Tampa-St. Pete) Fee 100.0%Built 1972 100.0%725,298 370,820 1,096,118 Macy's, Dillard's, JCPenney, Sears, Borders Books & Music, Old Navy, AMC Theatres
154. Treasure Coast Square FL Jensen Beach (Ft. Pierce) Fee 100.0%Built 1987 92.8%511,372 350,369 861,741 Macy's, Dillard's, JCPenney, Sears, Borders Books & Music
155. Tyrone Square FL St. Petersburg (Tampa — St. Pete) Fee 100.0%Built 1972 96.2%748,269 372,971 1,121,240 Macy's, Dillard's, JCPenney, Sears, Borders Books & Music
156. University Mall AR Little Rock Ground Lease (2026) 100.0%Built 1967 62.0%364,992 153,534 518,526 JCPenney, M.M. Cohn, (8)
157. University Mall FL Pensacola Fee 100.0%Acquired 1994 85.0%478,449 230,952 709,401 JCPenney, Sears, Belk
158. University Park Mall IN Mishawaka (South Bend) Fee 60.0%Built 1979 95.3%499,876 319,620 819,496 Macy's, JCPenney, Sears
159. Upper Valley Mall OH Springfield (Dayton — Springfield) Fee 100.0%Built 1971 77.7%479,418 262,978 742,396 Macy's, JCPenney, Sears, Elder-Beerman
160. Valle Vista Mall TX Harlingen Fee 100.0%Built 1983 82.5%389,781 265,886 655,667 Dillard's, JCPenney, Mervyn's, Sears, Marshalls, Steve & Barry's
161. Valley Mall VA Harrisonburg Fee 50.0% (4)Acquired 1998 94.6%315,078 190,648 505,726 JCPenney, Belk, Target, Old Navy, (8)

Simon Property Group, L.P. and Subsidiaries

Property Table

U.S. Properties

 
  
  
  
  
  
  
  
 Gross Leasable Area
  
 
 Property Name

 State
 City (Metropolitan area)
 Ownership Interest (Expiration if Lease) (3)
 Legal Ownership
 Year Built or Acquired
 Occupancy (5)
 Anchor
 Mall & Freestanding
 Total
 Retail Anchors and Major Tenants

162.

 

Virginia Center Commons

 

VA

 

Glen Allen (Richmond)

 

Fee

 

100.0

%

Built 1991

 

96.6

%

506,639

 

280,817

 

787,456

 

Macy's, Dillard's Women's, Dillard's Men's, Children's & Home, JCPenney, Sears
163. Walt Whitman Mall NY Huntington Station (New York) Ground Lease (2012) 100.0%Acquired 1998 90.6%742,214 294,140 1,036,354 Saks Fifth Avenue, Bloomingdale's, Lord & Taylor, Macy's
164. Washington Square IN Indianapolis Fee 100.0%Built 1974 79.2%616,109 348,781 964,890 Macy's, Sears, Target, Dick's Sporting Goods, Burlington Coat Factory, Steve & Barry's
165. West Ridge Mall KS Topeka Fee 100.0%Built 1988 86.4%716,811 281,646 998,457 Macy's, Dillard's, JCPenney, Sears, Burlington Coat Factory (6)
166. West Town Mall TN Knoxville Ground Lease (2042) 50.0% (4)Acquired 1991 97.3%878,311 451,465 1,329,776 Parisian (19), Dillard's, JCPenney, Belk, Sears
167. Westchester, The NY White Plains (New York) Fee 40.0% (4)Acquired 1997 97.0%349,393 478,254(18)827,647 Neiman Marcus, Nordstrom
168. Westminster Mall CA Westminster (Orange County) Fee 100.0%Acquired 1998 94.1%716,939 496,376 1,213,315 Macy's, JCPenney, Sears, Target (6)
169. White Oaks Mall IL Springfield Fee 77.5%Built 1977 94.0%556,831 379,688 936,519 Macy's, Bergner's, Sears, Linens'n Things, Cost Plus World Market, Dick's Sporting Goods
170. Wolfchase Galleria TN Memphis Fee 94.5%Acquired 2002 99.3%761,648 505,461 1,267,109 Macy's, Dillard's, JCPenney, Sears
171. Woodland Hills Mall OK Tulsa Fee 94.5%Acquired 2002 98.8%706,159 382,115 1,088,274 Macy's, Dillard's, JCPenney, Sears
                
 
 
  
      Total Regional Mall GLA         100,739,129 65,637,622 166,376,751  
                
 
 
  

 

 

PREMIUM OUTLET CENTERS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.

 

Albertville Premium Outlets

 

MN

 

Albertville (Minneapolis/St. Paul)

 

Fee

 

100.0

%

Acquired 2004

 

98.1

%


 

429,534

 

429,534

 

Banana Republic, Calvin Klein, Kenneth Cole, Liz Claiborne, Gap Outlet, Old Navy, Polo Ralph Lauren, Tommy Hilfiger, Coach, Nike
2. Allen Premium Outlets TX Allen (Dallas) Fee 100.0%Acquired 2004 98.9% 412,792 412,792 Brooks Brothers, Cole-Haan, Kenneth Cole, Liz Claiborne, Polo Ralph Lauren, Tommy Hilfiger, Ann Taylor, Nike
3. Aurora Farms Premium Outlets OH Aurora (Cleveland) Fee 100.0%Acquired 2004 95.4% 300,181 300,181 Ann Taylor, Brooks Brothers, Calvin Klein, Gap Outlet, Liz Claiborne, Nautica, Off 5th-Saks Fifth Avenue Outlet, Polo Ralph Lauren, Tommy Hilfiger, Coach
4. Camarillo Premium Outlets CA Camarillo (Los Angeles) Fee 100.0%Acquired 2004 100.0% 454,089 454,089 Ann Taylor, Banana Republic, Barneys New York, Coach, Hugo Boss, Polo Ralph Lauren, St. John, Diesel, Kenneth Cole, Nike, Sony
5. Carlsbad Premium Outlets CA Carlsbad Fee 100.0%Acquired 2004 100.0% 287,936 287,936 Adidas, Banana Republic, Barneys New York, BCBG Max Azria, Calvin Klein, Coach, Gap Outlet, Guess, Kenneth Cole, Polo Ralph Lauren
6. Carolina Premium Outlets NC Smithfield (Raleigh — Durham — Chapel Hill) Ground Lease (2029) 100.0%Acquired 2004 100.0% 439,445 439,445 Banana Republic, Brooks Brothers, Gap Outlet, Liz Claiborne, Nike, Polo Ralph Lauren, Timberland, Tommy Hilfiger, Coach
7. Chicago Premium Outlets IL Aurora (Chicago) Fee 100.0%Built 2004 100.0% 437,800 437,800 Ann Taylor, Banana Republic, Calvin Klein, Coach, Diesel, Dooney & Bourke, Elie Tahari, Gap Outlet, Giorgio Armani, Max Mara, Polo Ralph Lauren, Salvatore Ferragamo
 
  
  
  
  
  
  
  
 Gross Leasable Area
  
 
  
  
  
 Ownership
Interest
(Expiration if
Lease)(3)

  
  
  
  
 
 Property Name

 State
 City (CBSA)
 Legal
Ownership

 Year Built
or
Acquired

 Occupancy(5)
 Anchor
 Mall &
Freestanding

 Total
 Retail Anchors and Major Tenants
154. University Mall FL Pensacola Fee 100.0%Acquired 1994 73.5%478,449 230,657 709,106 JCPenney, Sears, Belk, University Dollar Movies
155. University Park Mall IN Mishawaka (South Bend) Fee 100.0%Built 1979 97.2%499,876 319,992 819,868 Macy's, JCPenney, Sears, Barnes & Noble(6)
156. Upper Valley Mall OH Springfield (Dayton—Springfield) Fee 100.0%Built 1971 89.6%479,418 249,495 728,913 Macy's, JCPenney, Sears, Elder-Beerman, Steve & Barry's, MC Sporting Goods(6), Chakeres Theatres
157. Valle Vista Mall TX Harlingen Fee 100.0%Built 1983 80.3%389,781 240,508 630,289 Dillard's, JCPenney, Mervyn's, Sears, Marshalls, Steve & Barry's, Circuit City(6)
158. Valley Mall VA Harrisonburg Fee 50.0%(4)Acquired 1998 86.9%315,078 190,714 505,792 JCPenney, Belk, Target, Old Navy,(8)
159. Virginia Center Commons VA Glen Allen (Richmond) Fee 100.0%Built 1991 98.0%506,639 280,803 787,442 Macy's, Dillard's Men's, Dillard's Women's, Children's & Home, JCPenney, Sears
160. Walt Whitman Mall NY Huntington Station (New York) Ground Lease (2012) 100.0%Acquired 1998 99.2%742,214 287,011 1,029,225 Saks Fifth Avenue, Bloomingdale's, Lord & Taylor, Macy's
161. Washington Square IN Indianapolis Fee 100.0%Built 1974 89.4%616,109 347,185 963,294 Macy's(16), Sears, Target, Dick's Sporting Goods, Burlington Coat Factory, Steve & Barry's, Kerasotes Theatres
162. West Ridge Mall KS Topeka Fee 100.0%Built 1988 90.7%716,811 281,378 998,189 Macy's, Dillard's, JCPenney, Sears, Burlington Coat Factory, Hollywood Cinema
163. West Town Mall TN Knoxville Ground Lease (2042) 50.0%(4)Acquired 1991 95.0%878,311 451,685 1,329,996 Belk, Dillard's, JCPenney, Belk, Sears, Regal Cinema
164. Westchester, The NY White Plains (New York) Fee 40.0%(4)Acquired 1997 98.5%349,393 478,269(18)827,662 Neiman Marcus, Nordstrom
165. Westminster Mall CA Westminster (Los Angeles) Fee 100.0%Acquired 1998 92.0%716,939 496,024 1,212,963 Macy's, JCPenney, Sears, Target
166. White Oaks Mall IL Springfield Fee 77.5%Built 1977 89.5%556,831 378,427 935,258 Macy's, Bergner's, Sears, Linens 'n Things, Cost Plus World Market, Dick's Sporting Goods, Kerasotes Theatres
167. Wolfchase Galleria TN Memphis Fee 94.5%Acquired 2002 98.1%761,648 505,733 1,267,381 Macy's, Dillard's, JCPenney, Sears, Malco Theatres
168. Woodland Hills Mall OK Tulsa Fee 94.5%Acquired 2002 97.5%706,159 392,529 1,098,688 Macy's, Dillard's, JCPenney, Sears
                
 
 
  
  Total Regional Mall GLA         98,270,239 65,778,819 164,049,058  
                
 
 
  

Simon Property Group, L.P. and Subsidiaries

Property Table

U.S. Properties

 
  
  
  
  
  
  
  
 Gross Leasable Area
  
 
 Property Name

 State
 City (Metropolitan area)
 Ownership Interest (Expiration if Lease) (3)
 Legal Ownership
 Year Built or Acquired
 Occupancy (5)
 Anchor
 Mall & Freestanding
 Total
 Retail Anchors and Major Tenants

8.

 

Clinton Crossing Premium Outlets

 

CT

 

Clinton (Hartford)

 

Fee

 

100.0

%

Acquired 2004

 

100.0

%


 

276,163

 

276,163

 

Barneys New York, Calvin Klein, Coach, Dooney & Bourke, Gap Outlet, Kenneth Cole, Liz Claiborne, Nike, Polo Ralph Lauren
9. Columbia Gorge Premium Outlets OR Troutdale (Portland — Vancouver) Fee 100.0%Acquired 2004 99.2% 163,815 163,815 Adidas, Carter's, Gap Outlet, Samsonite, Van Heusen, Liz Claiborne
10. Desert Hills Premium Outlets CA Cabazon (Palm Springs — Los Angeles) Fee 100.0%Acquired 2004 100.0% 498,837 498,837 Burberry, Coach, Giorgio Armani, Gucci, MaxMara, Polo Ralph Lauren, Salvatore Ferragamo, Versace, Yves Saint Laurent Rive Gauche, Zegna
11. Edinburgh Premium Outlets IN Edinburgh (Indianapolis) Fee 100.0%Acquired 2004 100.0% 377,717 377,717 Banana Republic, Coach, Gap Outlet, Nautica, Nike, Polo Ralph Lauren, Tommy Hilfiger, Calvin Klein, J. Crew
12. Folsom Premium Outlets CA Folsom (Sacramento) Fee 100.0%Acquired 2004 100.0% 299,351 299,351 Brooks Brothers, Gap Outlet, Guess, Kenneth Cole, Liz Claiborne, Nautica, Nike, Nine West, Off 5th-Saks Fifth Avenue
13. Gilroy Premium Outlets CA Gilroy (San Jose) Fee 100.0%Acquired 2004 100.0% 577,305 577,305 Banana Republic, Brooks Brothers, Calvin Klein, Coach, J. Crew, Hugo Boss, Nike, Polo Ralph Lauren, Timberland, Tommy Hilfiger
14. Jackson Premium Outlets NJ Jackson Fee 100.0%Acquired 2004 100.0% 285,775 285,775 Calvin Klein, Gap Outlet, Nike, Polo Ralph Lauren, Banana Republic, J. Crew, Liz Claiborne
15. Johnson Creek Premium Outlets WI Johnson Creek Fee 100.0%Acquired 2004 96.7% 277,585 277,585 Calvin Klein, Gap Outlet, Lands' End, Nike, Old Navy Outlet, Polo Ralph Lauren, Tommy Hilfiger, Adidas, Banana Republic
16. Kittery Premium Outlets ME Kittery (Boston) Ground Lease (2009) 100.0%Acquired 2004 91.5% 150,491 150,491 Ann Klein, Banana Republic, Gap Outlet, Coach, J. Crew, Polo Ralph Lauren, Reebok
17. Las Vegas Premium Outlets NV Las Vegas Fee 100.0%Built 2003 100.0% 434,978 434,978 Ann Taylor, A/X Armani Exchange, Banana Republic, Calvin Klein, Coach, Dolce & Gabbana, Elie Tahari, Polo Ralph Lauren
18. Las Vegas Outlet Center NV Las Vegas Fee 100.0%Acquired 2004 100.0% 477,002 477,002 Liz Claiborne, Nike, Reebok, Tommy Hilfiger, VF Outlet, Adidas, Calvin Klein
19. Leesburg Corner Premium Outlets VA Leesburg (Washington DC) Fee 100.0%Acquired 2004 100.0% 463,288 463,288 Barneys New York, Kenneth Cole, Liz Claiborne, Nike, Polo Ralph Lauren, Williams-Sonoma, Ann Taylor, Banana Republic, Coach, Restoration Hardware
20. Liberty Village Premium Outlets NJ Flemington (New York — Philadelphia) Fee 100.0%Acquired 2004 97.8% 173,067 173,067 Calvin Klein, Ellen Tracy, Jones New York, L.L. Bean, Polo Ralph Lauren, Tommy Hilfiger, Timberland, Waterford Wedgwood
21. Lighthouse Place Premium Outlets IN Michigan City (Chicago) Fee 100.0%Acquired 2004 100.0% 456,466 456,466 Burberry, Coach, Gap Outlet, Liz Claiborne, Polo Ralph Lauren, Tommy Hilfiger, Ann Taylor, Nike
22. Napa Premium Outlets CA Napa (Napa Valley) Fee 100.0%Acquired 2004 100.0% 179,348 179,348 Banana Republic, Barneys New York, Calvin Klein, J. Crew, Kenneth Cole, Nautica, Tommy Hilfiger, TSE, Coach
 
  
  
  
  
  
  
  
 Gross Leasable Area
  
 
  
  
  
 Ownership
Interest
(Expiration if
Lease)(3)

  
  
  
  
 
 Property Name

 State
 City (CBSA)
 Legal
Ownership

 Year Built
or
Acquired

 Occupancy(5)
 Anchor
 Mall &
Freestanding

 Total
 Retail Anchors and Major Tenants
  Premium Outlet Centers                
1. Albertville Premium Outlets MN Albertville (Minneapolis) Fee 100.0%Acquired 2004 98.9% 429,534 429,534 Banana Republic, Calvin Klein, Coach, Gap Outlet, Kenneth Cole, Lucky Brand Jeans, Nike, Polo Ralph Lauren, Tommy Hilfiger
2. Allen Premium Outlets TX Allen (Dallas-Ft. Worth) Fee 100.0%Acquired 2004 100.0% 441,492 441,492 Ann Taylor, Brooks Brothers, Calvin Klein, Cole Haan, J.Crew, Kenneth Cole, Michael Kors, Neiman Marcus Last Call, Nike, Polo Ralph Lauren, Tommy Hilfiger
3. Aurora Farms Premium Outlets OH Aurora (Cleveland) Fee 100.0%Acquired 2004 98.2% 300,218 300,218 Ann Taylor, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, Liz Claiborne, Michael Kors, Nautica, Polo Ralph Lauren, Saks Fifth Avenue Off 5th,Tommy Hilfiger
4. Camarillo Premium Outlets CA Camarillo Fee 100.0%Acquired 2004 100.0% 454,091 454,091 Ann Taylor, Banana Republic, Barneys New York, Coach, Diesel, Giorgio Armani, Hugo Boss, Kenneth Cole, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Sony
5. Carlsbad Premium Outlets CA Carlsbad (San Diego) Fee 100.0%Acquired 2004 100.0% 287,931 287,931 Adidas, Banana Republic, Barneys New York, BCBG Max Azria, Calvin Klein, Coach, Gap Outlet, Guess, Kenneth Cole, Lacoste, Polo Ralph Lauren, Theory
6. Carolina Premium Outlets NC Smithfield (Raleigh) Ground Lease (2029) 100.0%Acquired 2004 100.0% 439,445 439,445 Banana Republic, Brooks Brothers, Coach, Gap Outlet, Liz Claiborne, Nike, Polo Ralph Lauren, Timberland, Tommy Hilfiger
7. Chicago Premium Outlets IL Aurora (Chicago) Fee 100.0%Built 2004 100.0% 437,800 437,800 Ann Taylor, Banana Republic, Calvin Klein, Coach, Diesel, Dooney & Bourke, Elie Tahari, Gap Outlet, Giorgio Armani, Kate Spade, Michael Kors, Polo Ralph Lauren, Salvatore Ferragamo, Sony
8. Clinton Crossing Premium Outlets CT Clinton (New Haven) Fee 100.0%Acquired 2004 100.0% 276,163 276,163 Banana Republic, Barneys New York, Calvin Klein, Coach, Dooney & Bourke, Gap Outlet, Kenneth Cole, Liz Claiborne, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th
9. Columbia Gorge Premium Outlets OR Troutdale (Portland) Fee 100.0%Acquired 2004 100.0% 163,815 163,815 Adidas, Bass, Carter's, Gap Outlet, Liz Claiborne, Samsonite, Van Heusen
10. Desert Hills Premium Outlets CA Cabazon (Palm Springs) Fee 100.0%Acquired 2004 100.0% 498,838 498,838 Burberry, Coach, Dior, Giorgio Armani, Gucci, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, Space (Prada, Miu Miu), Yves Saint Laurent Rive Gauche, Zegna
11. Edinburgh Premium Outlets IN Edinburgh (Indianapolis) Fee 100.0%Acquired 2004 100.0% 377,772 377,772 Adidas, Ann Taylor, Anne Klein, Banana Republic, Calvin Klein, Coach, Gap Outlet, J.Crew, Nautica, Nike, Polo Ralph Lauren, Tommy Hilfiger

Simon Property Group, L.P. and Subsidiaries

Property Table

U.S. Properties

 
  
  
  
  
  
  
  
 Gross Leasable Area
  
 
 Property Name

 State
 City (Metropolitan area)
 Ownership Interest (Expiration if Lease) (3)
 Legal Ownership
 Year Built or Acquired
 Occupancy (5)
 Anchor
 Mall & Freestanding
 Total
 Retail Anchors and Major Tenants

23.

 

North Georgia Premium Outlets

 

GA

 

Dawsonville (Atlanta)

 

Fee

 

100.0

%

Acquired 2004

 

100.0

%


 

539,757

 

539,757

 

Calvin Klein, Coach, Hugo Boss, Liz Claiborne, Polo Ralph Lauren, Tommy Hilfiger, Williams-Sonoma, J. Crew, Nike, Restoration Hardware
24. Orlando Premium Outlets FL Orlando Fee 100.0%Acquired 2004 100.0% 435,695 435,695 Barneys New York, Burberry, Coach, Fendi, Giorgio Armani, Hugo Boss, MaxMara, Nike, Polo Ralph Lauren, Dior, LaCoste, Salvatore Ferragamo
25. Osage Beach Premium Outlets MO Osage Beach Fee 100.0%Acquired 2004 99.0% 391,381 391,381 Brooks Brothers, Calvin Klein, Coach, Gap Outlet, Liz Claiborne, Polo Ralph Lauren, Tommy Hilfiger
26. Petaluma Village Premium Outlets CA Petaluma (San Francisco) Fee 100.0%Acquired 2004 99.6% 195,837 195,837 Brooks Brothers, Coach, Gap Outlet, Liz Claiborne, Off 5th-Saks Fifth Avenue, Puma
27. Rio Grande Valley Premium Outlets TX Mercedes Fee 100.0%Built 2006 95.2%  403,207 403,207 Adidas, Ann Taylor, Banana Republic, BCBG Max Azria, Burberry, Calvin Klein, Coach, Gap Outlet, Guess, Nike, Sony
28. Round Rock Premium Outlets TX Round Rock (Austin) Fee 100.0%Built 2006 99.2%  431,621 431,621 Adidas, Ann Taylor, Banana Republic, Burberry, Calvin Klein, Coach, Gap Outlet, Michael Kors, Nike, Polo Ralph Lauren, Theory
29. Seattle Premium Outlets WA Seattle Ground Lease (2035) 100.0%Built 2005 100.0% 402,668 402,668 Banana Republic, Burberry, Calvin Klein, Nike, Polo Ralph Lauren, Liz Claiborne, Adidas, Adrienne Vittadini, Restoration Hardware
30. St. Augustine Premium Outlets FL St. Augustine (Jacksonsville) Fee 100.0%Acquired 2004 99.0% 328,489 328,489 Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, Movado, Nike, Polo Ralph Lauren, Reebok, Tommy Bahama
31. The Crossings Premium Outlets PA Tannersville Fee and Ground Lease (2009) (7) 100.0%Acquired 2004 100.0% 411,774 411,774 Ann Taylor, Coach, Liz Claiborne, Polo Ralph Lauren, Reebok, Tommy Hilfiger, Banana Republic, Calvin Klein, Burberry
32. Vacaville Premium Outlets CA Vacaville Fee 100.0%Acquired 2004 100.0% 444,252 444,252 Ann Taylor, Banana Republic, Burberry, Calvin Klein, Coach, Nike, Polo Ralph Lauren, Restoration Hardware
33. Waikele Premium Outlets HI Waipahu (Honolulu) Fee 100.0%Acquired 2004 100.0% 209,846 209,846 A -- X Armani Exchange, Banana Republic, Barneys New York, Calvin Klein, Coach, Guess, Kenneth Cole, MaxMara, Polo Ralph Lauren
34. Waterloo Premium Outlets NY Waterloo Fee 100.0%Acquired 2004 98.3% 417,577 417,577 Brooks Brothers, Calvin Klein, Coach, Gap Outlet, J. Crew, Liz Claiborne, Polo Ralph Lauren, Banana Republic
35. Woodbury Common Premium Outlets NY Central Valley (New York City) Fee 100.0%Acquired 2004 100.0% 844,553 844,553 Banana Republic, Brooks Brothers, Chanel, Dior, Coach, Giorgio Armani, Gucci, Neiman Marcus Last Call, Polo Ralph Lauren, Frette
36. Wrentham Village Premium Outlets MA Wrentham (Boston) Fee 100.0%Acquired 2004 100.0% 615,713 615,713 Barneys New York, Burberry, Coach, Hugo Boss, Kenneth Cole, Lacoste, Nike, Polo Ralph Lauren, Salvatore Ferragmo, Sony, Williams Sonoma
                
 
 
  
      Total Premium Outlet Center GLA          13,925,335 13,925,335  
                
 
 
  
 
  
  
  
  
  
  
  
 Gross Leasable Area
  
 
  
  
  
 Ownership
Interest
(Expiration if
Lease)(3)

  
  
  
  
 
 Property Name

 State
 City (CBSA)
 Legal
Ownership

 Year Built
or
Acquired

 Occupancy(5)
 Anchor
 Mall &
Freestanding

 Total
 Retail Anchors and Major Tenants
12. Folsom Premium Outlets CA Folsom (Sacramento) Fee 100.0%Acquired 2004 99.7% 299,328 299,328 BCBG Max Azria, Bebe, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, Guess, Kenneth Cole, Liz Claiborne, Nautica, Nike, Saks Fifth Avenue Off 5th
13. Gilroy Premium Outlets CA Gilroy (San Jose) Fee 100.0%Acquired 2004 99.8% 577,305 577,305 Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, J.Crew, Hugo Boss, Michael Kors, Nike, Polo Ralph Lauren, Sony, Timberland, Tommy Hilfiger
14. Jackson Premium Outlets NJ Jackson Fee 100.0%Acquired 2004 100.0% 285,775 285,775 Banana Republic, Brooks Brothers, Calvin Klein, Gap Outlet, J.Crew, Liz Claiborne, Nike, Polo Ralph Lauren, Tommy Hilfiger
15. Johnson Creek Premium Outlets WI Johnson Creek (Milwaukee) Fee 100.0%Acquired 2004 100.0% 277,585 277,585 Adidas, Banana Republic, Calvin Klein, Gap Outlet, Lands' End, Nike, Polo Ralph Lauren, Tommy Hilfiger
16. Kittery Premium Outlets ME Kittery Ground Lease (2009) 100.0%Acquired 2004 100.0% 264,425 264,425 Anne Klein, Banana Republic, Calvin Klein, Coach, Gap Outlet, J.Crew, Polo Ralph Lauren, Puma, Reebok, Timberland, Tommy Hilfiger
17. Las Americas Premium Outlets CA San Diego Fee 100.0%Acquired 2007 98.7% 525,298 525,298 Ann Taylor, Banana Republic, Calvin Klein, Coach, Gap Outlet, J.Crew, Kenneth Cole, Neiman Marcus Last Call, Nike, Polo Ralph Lauren
18. Las Vegas Outlet Center NV Las Vegas Fee 100.0%Acquired 2004 100.0% 477,002 477,002 Adidas, Calvin Klein, Coach, Nautica, Nike, Reebok, Timberland, Tommy Hilfiger, VF Outlet
19. Las Vegas Premium Outlets NV Las Vegas Fee 100.0%Built 2003 100.0% 434,978 434,978 A/X Armani Exchange, Ann Taylor, Banana Republic, Calvin Klein, Coach, Diesel, Dolce & Gabbana, Elie Tahari, Kenneth Cole, Lacoste, Polo Ralph Lauren
20. Leesburg Corner Premium Outlets VA Leesburg (Washington D.C.) Fee 100.0%Acquired 2004 100.0% 463,288 463,288 Ann Taylor, Barneys New York, Burberry, Coach, Crate & Barrel, Kenneth Cole, Nike, Polo Ralph Lauren, Restoration Hardware, Saks Fifth Avenue Off 5th, Williams-Sonoma
21. Liberty Village Premium Outlets NJ Flemington Fee 100.0%Acquired 2004 100.0% 173,067 173,067 Brooks Brothers, Calvin Klein, Cole Haan, J.Crew, Liz Claiborne, Michael Kors, Polo Ralph Lauren, Tommy Hilfiger
22. Lighthouse Place Premium Outlets IN Michigan City Fee 100.0%Acquired 2004 99.4% 454,314 454,314 Ann Taylor, Banana Republic, Burberry, Coach, Coldwater Creek, Gap Outlet, J.Crew, Nike, Polo Ralph Lauren, Tommy Hilfiger
23. Napa Premium Outlets CA Napa Fee 100.0%Acquired 2004 100.0% 179,348 179,348 Ann Taylor, Banana Republic, Barneys New York, Calvin Klein, Coach, Cole Haan, J.Crew, Kenneth Cole, Nautica, Tommy Hilfiger

Simon Property Group, L.P. and Subsidiaries

Property Table

U.S. Properties

 
  
  
  
  
  
  
  
 Gross Leasable Area
  
 
 Property Name

 State
 City (Metropolitan area)
 Ownership Interest (Expiration if Lease) (3)
 Legal Ownership
 Year Built or Acquired
 Occupancy (5)
 Anchor
 Mall & Freestanding
 Total
 Retail Anchors and Major Tenants
  COMMUNITY/LIFESTYLE CENTERS                

1.

 

Arboretum at Great Hills

 

TX

 

Austin

 

Fee

 

100.0

%

Acquired 1998

 

93.6

%

35,773

 

167,628

 

203,401

 

Barnes & Noble, Pottery Barn
2. Bloomingdale Court IL Bloomingdale Fee 100.0%Built 1987 98.3%467,513 162,846 630,359 Best Buy, T.J. Maxx N More, Office Max, Old Navy, Linens 'n Things, Wal-Mart, Circuit City, Dick's Sporting Goods, Jo-Ann Fabrics
3. Boardman Plaza OH Youngstown Fee 100.0%Built 1951 73.2%365,507 240,730 606,237 Hobby Lobby, Alltel, Linens 'n Things, Burlington Coat Factory, Giant Eagle, (8)
4. Brightwood Plaza IN Indianapolis Fee 100.0%Built 1965 100.0% 38,493 38,493 Safeway
5. Celina Plaza TX El Paso Fee and Ground Lease (2012) (11) 100.0%Built 1978 100.0% 8,695 8,695  
6. Charles Towne Square SC Charleston Fee 100.0%Built 1976 100.0%71,794  71,794  
7. Chesapeake Center VA Chesapeake Fee 100.0%Built 1989 70.4%213,651 92,284 305,935 K-Mart, Movies 10, Petsmart, Michaels, Value City Furniture (6)
8. Clay Terrace IN Carmel (Indianapolis) Fee 50.0% (4) (18)Built 2004 90.0%161,281 336,375 497,656 Dick's Sporting Goods, Wild Oats Natural Marketplace, DSW, Circuit City Superstore
9. Cobblestone Court NY Victor Fee and Ground Lease (2038) (7) 35.0% (4) (13)Built 1993 99.4%206,680 58,781 265,461 Dick's Sporting Goods, Kmart, Office Max
10. Countryside Plaza IL Countryside Fee 100.0%Built 1977 82.1%308,489 95,267 403,756 Best Buy, Home Depot, PetsMart, Jo-Ann Fabrics, Office Depot, Value City Furniture, (8)
11. Crystal Court IL Crystal Lake Fee 35.0% (4) (13)Built 1989 78.4%201,993 76,977 278,970 Wal-Mart, Garden Fresh (6)
12. Dare Centre NC Kill Devil Hills Ground Lease (2058) 100.0%Acquired 2004 98.7%127,172 41,391 168,563 Belk, Food Lion
13. DeKalb Plaza PA King of Prussia Fee 50.3% (15)Acquired 2003 81.9%81,368 20,374 101,742 Lane Home Furnishings, ACME Grocery
14. Eastland Convenience Center IN Evansville Ground Lease (2075) 50.0% (4)Acquired 1998 96.1%126,699 48,940 175,639 Marshalls, Toys 'R Us, Bed Bath & Beyond
15. Eastland Plaza OK Tulsa Fee 100.0%Built 1986 70.9%152,451 33,623 186,074 Marshalls, Target, Toys 'R Us
16. Empire East (1) SD Sioux Falls Fee 50.0% (4)Acquired 1998 98.1%248,181 49,097 297,278 Kohl's, Target, Bed Bath & Beyond
17. Fairfax Court VA Fairfax Fee 26.3% (4) (13)Built 1992 100.0%169,043 80,615 249,658 Burlington Coat Factory, Circuit City Superstore, Offenbacher's
18. Forest Plaza IL Rockford Fee 100.0%Built 1985 84.5%324,794 100,584 425,378 Kohl's, Marshalls, Michael's, Factory Card Outlet, Office Max, T.J. Maxx, Bed Bath & Beyond, Petco, Circuit City (6), Babies 'R Us (6)
19. Gaitway Plaza FL Ocala Fee 23.3% (4) (13)Built 1989 99.1%123,027 85,713 208,740 Books-A-Million, Office Depot, T.J. Maxx, Ross Dress for Less, Bed Bath & Beyond
20. Gateway Shopping Centers TX Austin Fee 95.0%2004 99.4%329,576 182,790 512,366 Star Furniture, Best Buy, Linens 'n Things, Recreational Equipment, Inc., Whole Foods, Crate & Barrel, CompUSA, The Container Store, Old Navy
21. Great Lakes Plaza OH Mentor (Cleveland) Fee 100.0%Built 1976 100.0%142,229 21,875 164,104 Circuit City, Michael's, Best Buy, Cost Plus World Market, Linens 'n Things
22. Greenwood Plus IN Greenwood Fee 100.0%Built 1979 100.0%134,141 21,178 155,319 Best Buy, Kohl's
23. Griffith Park Plaza IN Griffith Fee 100.0%Built 1979 73.4%175,595 88,455 264,050 K-Mart
24. Henderson Square PA King of Prussia Fee 76.0% (15)Acquired 2003 100.0%72,683 34,690 107,373 Staples, Genuardi's Family Market
 
  
  
  
  
  
  
  
 Gross Leasable Area
  
 
  
  
  
 Ownership
Interest
(Expiration if
Lease)(3)

  
  
  
  
 
 Property Name

 State
 City (CBSA)
 Legal
Ownership

 Year Built
or
Acquired

 Occupancy(5)
 Anchor
 Mall &
Freestanding

 Total
 Retail Anchors and Major Tenants
24. North Georgia Premium Outlets GA Dawsonville (Atlanta) Fee 100.0%Acquired 2004 100.0% 539,757 539,757 Ann Taylor, Banana Republic, Calvin Klein, Coach, Hugo Boss, J.Crew, Nike, Polo Ralph Lauren, Restoration Hardware, Saks Fifth Avenue Off 5th, Williams-Sonoma
25. Orlando Premium Outlets FL Orlando Fee 100.0%Acquired 2004 100.0% 435,695 435,695 Barneys New York, Burberry, Coach, Diesel, Dior, Fendi, Giorgio Armani, Hugo Boss, Lacoste, Nike, Polo Ralph Lauren, Salvatore Ferragamo, Theory
26. Osage Beach Premium Outlets MO Osage Beach Fee 100.0%Acquired 2004 98.5% 391,435 391,435 Adidas, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, Polo Ralph Lauren, Tommy Hilfiger
27. Petaluma Village Premium Outlets CA Petaluma (Santa Rosa) Fee 100.0%Acquired 2004 100.0% 195,982 195,982 BCBG Max Azria, Banana Republic, Brooks Brothers, Coach, Gap Outlet, Nike, Puma, Saks Fifth Avenue Off 5th, Tommy Hilfiger
28. Philadelphia Premium Outlets PA Limerick (Philadelphia) Fee 100.0%Built 2007 96.9% 425,242 425,242 Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Elie Tahari, Gap Outlet, Guess, J.Crew, Michael Kors, Neiman Marcus Last Call, Nike, Puma, Sony, Tommy Hilfiger, Waterford Wedgwood
29. Rio Grande Valley Premium Outlets TX Mercedes (McAllen) Fee 100.0%Built 2006 100.0% 403,207 403,207 Adidas, Ann Taylor, Banana Republic, BCBG Max Azria, Burberry, Calvin Klein, Coach, Gap Outlet, Guess, Nike, Sony, Tommy Hilfiger
30. Round Rock Premium Outlets TX Round Rock (Austin) Fee 100.0%Built 2006 100.0% 431,621 431,621 Adidas, Ann Taylor, Banana Republic, Burberry, Calvin Klein, Coach, Gap Outlet, Michael Kors, Nike, Polo Ralph Lauren, Theory, Cinemark Theatres
31. Seattle Premium Outlets WA Tulalip (Seattle) Ground Lease (2035) 100.0%Built 2005 100.0% 402,668 402,668 Adidas, Ann Taylor, Banana Republic, Burberry, Calvin Klein, Coach, Kenneth Cole, Nike, Polo Ralph Lauren, Restoration Hardware, Sony
32. St. Augustine Premium Outlets FL St. Augustine (Jacksonville) Fee 100.0%Acquired 2004 99.4% 328,489 328,489 Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, J.Crew, Nike, Polo Ralph Lauren, Reebok, Tommy Bahama
33. The Crossings Premium Outlets PA Tannersville Fee and Ground Lease (2009)(7) 100.0%Acquired 2004 100.0% 411,774 411,774 Ann Taylor, Banana Republic, Burberry, Calvin Klein, Coach, Coldwater Creek, J.Crew, Liz Claiborne, Nike, Polo Ralph Lauren, Reebok, Tommy Hilfiger
34. Vacaville Premium Outlets CA Vacaville Fee 100.0%Acquired 2004 100.0% 442,041 442,041 Adidas, Ann Taylor, Banana Republic, Burberry, Calvin Klein, Coach, J.Crew, Nike, Polo Ralph Lauren, Restoration Hardware
35. Waikele Premium Outlets HI Waipahu (Honolulu) Fee 100.0%Acquired 2004 100.0% 209,846 209,846 A/X Armani Exchange, Banana Republic, Barneys New York, Calvin Klein, Coach, Guess, Kenneth Cole, Polo Ralph Lauren, Saks Fifth Avenue Off 5th
36. Waterloo Premium Outlets NY Waterloo Fee 100.0%Acquired 2004 100.0% 417,577 417,577 Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, J.Crew, Nike, Polo Ralph Lauren, Tommy Hilfiger, VF Outlet

Simon Property Group, L.P. and Subsidiaries

Property Table

U.S. Properties

 
  
  
  
  
  
  
  
 Gross Leasable Area
  
 
 Property Name

 State
 City (Metropolitan area)
 Ownership Interest (Expiration if Lease) (3)
 Legal Ownership
 Year Built or Acquired
 Occupancy (5)
 Anchor
 Mall & Freestanding
 Total
 Retail Anchors and Major Tenants

25.

 

Highland Lakes Center

 

FL

 

Orlando

 

Fee

 

100.0

%

Built 1991

 

79.2

%

352,405

 

140,862

 

493,267

 

Marshalls, Bed Bath & Beyond, American Signature Furniture, Save-Rite Supermarkets, Ross Dress for Less, Office Max, Burlington Coat Factory, K&G Menswear, (8)
26. Indian River Commons FL Vero Beach Fee 50.0% (4)Built 1997 100.0%233,358 19,396 252,754 Lowe's, Best Buy, Ross Dress for Less, Bed Bath & Beyond, Michael's
27. Ingram Plaza TX San Antonio Fee 100.0%Built 1980 100.0% 111,518 111,518 Bealls, Cost Plus World Market
28. Keystone Shoppes IN Indianapolis Ground Lease (2067) 100.0%Acquired 1997 100.0% 29,140 29,140  
29. Knoxville Commons TN Knoxville Fee 100.0%Built 1987 100.0%91,483 88,980 180,463 Office Max, Circuit City, Carolina Pottery
30. Lake Plaza IL Waukegan Fee 100.0%Built 1986 100.0%170,789 44,673 215,462 Pick and Save Mega Mart, Home Owners Bargain Outlet
31. Lake View Plaza IL Orland Park (Chicago) Fee 100.0%Built 1986 94.6%261,856 109,396 371,252 Factory Card Outlet, Linens 'n Things, Best Buy, Petco, Jo-Ann Fabrics, Golf Galaxy, Value City Furniture, Loehmann's
32. Lakeline Plaza TX Austin Fee 100.0%Built 1998 98.5%275,754 111,709 387,463 Linens 'n Things, T.J. Maxx, Old Navy, Best Buy, Ross Dress for Less, Office Max, PetsMart, Party City, Cost Plus World Market, Toys 'R Us
33. Lima Center OH Lima Fee 100.0%Built 1978 89.0%189,584 47,294 236,878 Kohl's, Hobby Lobby, T.J. Maxx
34. Lincoln Crossing IL O'Fallon Fee 100.0%Built 1990 100.0%229,820 13,446 243,266 Wal-Mart, PetsMart, The Home Depot
35. Lincoln Plaza PA King of Prussia Fee 63.2% (15)Acquired 2003 99.7%143,649 123,582 267,231 Burlington Coat Factory, Circuit City, Lane Home Furnishings, AC Moore, Michaels, T.J. Maxx, Home Goods (6)
36. MacGregor Village NC Cary Fee 100.0%Acquired 2004 83.7% 143,563 143,563 Spa Health Club, Tuesday Morning
37. Mall of Georgia Crossing GA Buford (Atlanta) Fee 100.0%Built 1999 98.7%341,503 99,109 440,612 Best Buy, American Signature Furniture, T.J. Maxx, Nordstrom Rack, Staples, Target
38. Markland Plaza IN Kokomo Fee 100.0%Built 1974 100.0%49,051 41,476 90,527 Best Buy, Bed Bath & Beyond
39. Martinsville Plaza VA Martinsville Space Lease (2046) 100.0%Built 1967 97.1%60,000 42,105 102,105 Rose's
40. Matteson Plaza IL Matteson Fee 100.0%Built 1988 94.3%230,885 40,070 270,955 Michael's, Dominick's, Value City Department Store, (8)
41. Muncie Plaza IN Muncie Fee 100.0%Built 1998 98.6%271,626 27,195 298,821 Kohl's, Shoe Carnival, T.J. Maxx, (17)
42. New Castle Plaza IN New Castle Fee 100.0%Built 1966 100.0%24,912 66,736 91,648 Goody's, Jo-Ann Fabrics
43. North Ridge Plaza IL Joliet Fee 100.0%Built 1985 97.5%190,323 114,747 305,070 Hobby Lobby, Office Max, Fun In Motion, Minnesota Fabrics, Burlington Coat Factory (6)
44. North Ridge Shopping Center NC Raleigh Fee 100.0%Acquired 2004 97.1%43,247 122,906 166,153 Ace Hardware, Kerr Drugs, Harris-Teeter Grocery
45. Northwood Plaza IN Fort Wayne Fee 100.0%Built 1974 85.4%136,404 71,841 208,245 Target
46. Park Plaza KY Hopkinsville Fee 100.0%Built 1968 91.8%82,398 32,526 114,924 Big Lots, Peddler's Mall
47. Plaza at Buckland Hills, The CT Manchester Fee 35.0% (4) (13)Built 1993 95.6%252,179 82,348 334,527 Linens 'n Things, CompUSA, Jo-Ann Fabrics, Party City, The Maytag Store, Toys 'R Us, Michaels, PetsMart, (17)
 
  
  
  
  
  
  
  
 Gross Leasable Area
  
 
  
  
  
 Ownership
Interest
(Expiration if
Lease)(3)

  
  
  
  
 
 Property Name

 State
 City (CBSA)
 Legal
Ownership

 Year Built
or
Acquired

 Occupancy(5)
 Anchor
 Mall &
Freestanding

 Total
 Retail Anchors and Major Tenants
37. Woodbury Common Premium Outlets NY Central Valley (New York) Fee 100.0%Acquired 2004 100.0% 844,246 844,246 Banana Republic, Burberry, Chanel, Coach, Dior, Dolce & Gabbana, Giorgio Armani, Gucci, Lacoste, Neiman Marcus Last Call, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th
38. Wrentham Village Premium Outlets MA Wrentham (Boston) Fee 100.0%Acquired 2004 98.8% 615,713 615,713 Banana Republic, Barneys New York, Burberry, Coach, Hugo Boss, Kenneth Cole, Lacoste, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Salvatore Ferragmo, Sony, Williams-Sonoma
                
 
 
  
  Total U.S. Premium Outlet Centers GLA          15,014,105 15,014,105  
                
 
 
  
  Community/Lifestyle Centers                
1. Arboretum at Great Hills TX Austin Fee 100.0%Acquired 1998 90.8%35,773 167,452 203,225 Barnes & Noble
2. Bloomingdale Court IL Bloomingdale (Chicago) Fee 100.0%Built 1987 96.5%467,513 162,846 630,359 Best Buy, T.J. Maxx N More, Office Max, Old Navy, Linens 'n Things, Wal-Mart, Circuit City, Dick's Sporting Goods, Jo-Ann Fabrics
3. Brightwood Plaza IN Indianapolis Fee 100.0%Built 1965 100.0%20,450 18,043 38,493  
4. Charles Towne Square SC Charleston Fee 100.0%Built 1976 100.0%71,794  71,794 Regal Cinema
5. Chesapeake Center VA Chesapeake (Virginia Beach-Norfolk) Fee 100.0%Built 1989 98.3%213,651 92,284 305,935 K-Mart, Movies 10, Petsmart, Michaels, Value City Furniture
6. Clay Terrace IN Carmel (Indianapolis) Fee 50.0%(4)(18)Built 2004 94.7%161,281 337,218 498,499 Dick's Sporting Goods, Wild Oats Natural Marketplace, DSW, Circuit City Superstore
7. Cobblestone Court NY Victor (Rochester) Fee and Ground Lease (2038)(7) 35.0%(4)(13)Built 1993 99.4%206,680 58,781 265,461 Dick's Sporting Goods, Kmart, Office Max
8. Countryside Plaza IL Countryside (Chicago) Fee 100.0%Built 1977 76.2%327,418 76,338 403,756 Best Buy, Home Depot, PetsMart, Jo-Ann Fabrics, Office Depot, Value City Furniture
9. Crystal Court IL Crystal Lake (Chicago) Fee 35.0%(4)(13)Built 1989 66.5%201,993 76,977 278,970 JCPenney(6),(8)
10. Dare Centre NC Kill Devil Hills Ground Lease (2058) 100.0%Acquired 2004 98.7%134,320 34,518 168,838 Belk, Food Lion
11. DeKalb Plaza PA King of Prussia (Philadelphia) Fee 50.3%(15)Acquired 2003 97.5%81,368 20,374 101,742 Lane Home Furnishings, ACME Grocery
12. Eastland Convenience Center IN Evansville Ground Lease (2075) 50.0%(4)Acquired 1998 96.1%161,849 13,790 175,639 Marshalls, Toys 'R Us, Bed Bath & Beyond
13. Eastland Plaza OK Tulsa Fee 100.0%Built 1986 56.0%152,451 37,810 190,261 Marshalls, Toys 'R Us,(8)(17)
14. Empire East(1) SD Sioux Falls Fee 50.0%(4)Acquired 1998 98.1%275,089 22,189 297,278 Kohl's, Target, Bed Bath & Beyond
15. Fairfax Court VA Fairfax (Washington, D.C.) Fee 41.3%(4)(13)Built 1992 100.0%169,043 80,615 249,658 Burlington Coat Factory, Circuit City Superstore, Offenbacher's
16. Forest Plaza IL Rockford Fee 100.0%Built 1985 100.0%270,840 89,528 360,368 Kohl's, Marshalls, Michael's, Factory Card Outlet, Office Max, T.J. Maxx, Bed Bath & Beyond, Petco, Babies R' Us, Toys R' Us(6),(8)
17. Gaitway Plaza FL Ocala Fee 23.3%(4)(13)Built 1989 97.2%123,027 85,713 208,740 Books-A-Million, Office Depot, T.J. Maxx, Ross Dress for Less, Bed Bath & Beyond

Simon Property Group, L.P. and Subsidiaries

Property Table

U.S. Properties

 
  
  
  
  
  
  
  
 Gross Leasable Area
  
 
 Property Name

 State
 City (Metropolitan area)
 Ownership Interest (Expiration if Lease) (3)
 Legal Ownership
 Year Built or Acquired
 Occupancy (5)
 Anchor
 Mall & Freestanding
 Total
 Retail Anchors and Major Tenants

48.

 

Regency Plaza

 

MO

 

St. Charles

 

Fee

 

100.0

%

Built 1988

 

95.5

%

210,627

 

76,846

 

287,473

 

Wal-Mart, Sam's Wholesale Club
49. Ridgewood Court MS Jackson Fee 35.0% (4) (13)Built 1993 96.9%185,939 54,732 240,671 T.J. Maxx, Lifeway Christian Bookstore, Bed Bath & Beyond, Best Buy, Michaels, Marshalls
50. Rockaway Convenience Center NJ Rockaway (New York) Fee 100.0%Acquired 1998 94.1%44,518 104,393 148,911 Best Buy, Acme, Cost Plus World Market, Office Depot
51. Rockaway Town Plaza NJ Rockaway (New York) Fee 100.0%Acquired 1998 100.0%407,501 51,316 458,817 Target, Pier 1 Imports, PetsMart, Dick's Sporting Goods
52. Royal Eagle Plaza FL Coral Springs (Miami — Ft. Lauderale) Fee 35.0% (4) (13)Built 1989 98.4%124,479 77,624 202,103 K Mart, Stein Mart
53. Shops at Arbor Walk, The TX Austin Ground Lease (2055) 100.0%Built 2006 89.1%126,610 223,298 349,908 Home Depot, Marshall's, DSW, Golf Galaxy, Jo-Ann Fabrics (6)
54. Shops at North East Mall, The TX Hurst Fee 100.0%Built 1999 98.2%265,595 99,148 364,743 Michael's, PetsMart, Old Navy, Pier 1 Imports, T.J. Maxx, Bed Bath & Beyond, Nordstrom Rack, Best Buy
55. St. Charles Towne Plaza MD Waldorf (Washington, D.C.) Fee 100.0%Built 1987 79.1%286,081 108,690 394,771 T.J. Maxx, Jo-Ann Fabrics, K & G Menswear, CVS, Shoppers Food Warehouse, Dollar Tree, Value City Furniture, Gallo, (8)
56. Teal Plaza IN Lafayette Fee 100.0%Built 1962 100.0%98,337 2,750 101,087 Hobby Lobby, Circuit City, Pep Boys
57. Terrace at the Florida Mall FL Orlando Fee 100.0%Built 1989 97.9%289,252 42,731 331,983 Marshalls, American Signature Furniture, Global Import, Target, Bed Bath & Beyond, (8)
58. Tippecanoe Plaza IN Lafayette Fee 100.0%Built 1974 100.0%85,811 4,711 90,522 Best Buy, Barnes & Noble
59. University Center IN Mishawaka Fee 60.0%Built 1980 87.5%104,347 46,177 150,524 Michael's, Best Buy, Linens 'n Things
60. Village Park Plaza IN Carmel (Indianapolis) Fee 35.0% (4) (13)Built 1990 98.8%414,593 134,923 549,516 Bed Bath & Beyond, Ashley Furniture HomeStore, Kohl's, Wal-Mart, Marsh, Menards
61. Washington Plaza IN Indianapolis Fee 100.0%Built 1976 100.0%21,500 28,607 50,107  
62. Waterford Lakes Town Center FL Orlando Fee 100.0%Built 1999 100.0%622,244 329,446 951,690 Ross Dress for Less, T.J. Maxx, Bed Bath & Beyond, Old Navy, Barnes & Noble, Best Buy, Jo-Ann Fabrics, Office Max, PetsMart, Target, Ashley Furniture HomeStore, L.A. Fitness
63. West Ridge Plaza KS Topeka Fee 100.0%Built 1988 89.5%182,161 59,226 241,387 Famous Footwear, T.J. Maxx, Toys 'R Us, Target
64. West Town Corners FL Altamonte Springs Fee 23.3% (4) (13)Built 1989 99.2%263,782 121,477(18)385,259 Sports Authority, PetsMart, Winn-Dixie Marketplace, American Signature Furniture, Wal-Mart
65. Westland Park Plaza FL Orange Park Fee 23.3% (4) (13)Built 1989 99.1%123,548 39,606 163,154 Sports Authority, PetsMart, Burlington Coat Factory
66. White Oaks Plaza IL Springfield Fee 100.0%Built 1986 98.9%275,703 115,723 391,426 T.J. Maxx, Office Max, Kohl's Babies 'R Us, Kids 'R Us, Cub Foods
67. Whitehall Mall PA Whitehall Fee 38.0% (15) (4)Acquired 2003 91.2%444,916 143,168 588,084 Sears, Kohl's, Bed Bath & Beyond, Borders Books & Music, Gold's Gym
 
  
  
  
  
  
  
  
 Gross Leasable Area
  
 
  
  
  
 Ownership
Interest
(Expiration if
Lease)(3)

  
  
  
  
 
 Property Name

 State
 City (CBSA)
 Legal
Ownership

 Year Built
or
Acquired

 Occupancy(5)
 Anchor
 Mall &
Freestanding

 Total
 Retail Anchors and Major Tenants
18. Gateway Shopping Centers TX Austin Fee 95.0%2004 98.8%396,494 115,870 512,364 Star Furniture, Best Buy, Linens 'n Things, Recreational Equipment, Inc., Whole Foods, Crate & Barrel, The Container Store, Old Navy, Regal Cinema,(17)
19. Great Lakes Plaza OH Mentor (Cleveland) Fee 100.0%Built 1976 100.0%159,194 4,910 164,104 Circuit City, Michael's, Best Buy, Cost Plus World Market, Linens 'n Things
20. Greenwood Plus IN Greenwood (Indianapolis) Fee 100.0%Built 1979 100.0%134,141 21,178 155,319 Best Buy, Kohl's
21. Henderson Square PA King of Prussia (Philadelphia) Fee 76.0%Acquired 2003 100.0%72,683 34,690 107,373 Staples, Genuardi's Family Market
22. Highland Lakes Center FL Orlando Fee 100.0%(15)Built 1991 79.2%352,405 140,871 493,276 Marshalls, Bed Bath & Beyond, American Signature Furniture, Save-Rite Supermarkets, Ross Dress for Less, Office Max, Burlington Coat Factory, K&G Menswear,(8)
23. Indian River Commons FL Vero Beach Fee 50.0%Built 1997 100.0%233,358 22,524 255,882 Lowe's, Best Buy, Ross Dress for Less, Bed Bath & Beyond, Michael's
24. Ingram Plaza TX San Antonio Fee 100.0%Built 1980 100.0%52,231 59,287 111,518 Sheplers, Macy's Home Store, Mervyn's
25. Keystone Shoppes IN Indianapolis Ground Lease (2067) 100.0%Acquired 1997 100.0% 29,140 29,140  
26. Knoxville Commons TN Knoxville Fee 100.0%Built 1987 100.0%171,563 8,900 180,463 Office Max,(8)(17)
27. Lake Plaza IL Waukegan (Chicago) Fee 100.0%Built 1986 96.3%170,789 44,673 215,462 Home Owners Bargain Outlet,(8)
28. Lake View Plaza IL Orland Park (Chicago) Fee 100.0%Built 1986 93.6%261,856 109,396 371,252 Factory Card Outlet, Linens 'n Things, Best Buy, Petco, Jo-Ann Fabrics, Golf Galaxy, Value City Furniture, Loehmann's
29. Lakeline Plaza TX Cedar Park (Austin) Fee 100.0%Built 1998 98.5%307,966 79,479 387,445 Linens 'n Things, T.J. Maxx, Old Navy, Best Buy, Ross Dress for Less, Office Max, PetsMart, Party City, Cost Plus World Market, Toys 'R Us
30. Lima Center OH Lima Fee 100.0%Built 1978 89.0%189,584 47,294 236,878 Kohl's, Hobby Lobby, T.J. Maxx
31. Lincoln Crossing IL O'Fallon (St. Louis) Fee 100.0%Built 1990 100.0%229,820 13,446 243,266 Wal-Mart, PetsMart, The Home Depot
32. Lincoln Plaza PA King of Prussia (Philadelphia) Fee 63.2%(15)Acquired 2003 100.0%251,224 16,007 267,231 Burlington Coat Factory, Circuit City, Lane Home Furnishings, AC Moore, Michaels, T.J. Maxx, Home Goods
33. MacGregor Village NC Cary (Raleigh) Fee 100.0%Acquired 2004 80.4% 144,997 144,997 Spa Health Club, Tuesday Morning
34. Mall of Georgia Crossing GA Buford (Atlanta) Fee 100.0%Built 1999 98.7%341,503 99,109 440,612 Best Buy, American Signature Furniture, T.J. Maxx, Nordstrom Rack, Staples, Target
35. Markland Plaza IN Kokomo Fee 100.0%Built 1974 100.0%49,051 41,476 90,527 Best Buy, Bed Bath & Beyond
36. Martinsville Plaza VA Martinsville Space Lease (2046) 100.0%Built 1967 97.1%88,470 13,635 102,105 Rose's

Simon Property Group, L.P. and Subsidiaries

Property Table

U.S. Properties

 
  
  
  
  
  
  
  
 Gross Leasable Area
  
 
 Property Name

 State
 City (Metropolitan area)
 Ownership Interest (Expiration if Lease) (3)
 Legal Ownership
 Year Built or Acquired
 Occupancy (5)
 Anchor
 Mall & Freestanding
 Total
 Retail Anchors and Major Tenants

68.

 

Willow Knolls Court

 

IL

 

Peoria

 

Fee

 

35.0

% (4) (13)

Built 1990

 

98.4

%

309,440

 

72,937

 

382,377

 

Willow Knolls 14, Burlington Coat Factory, Kohl's, Sam's Wholesale Club
69. Wolf Ranch TX Georgetown (Austin) Fee 100.0%Built 2005 77.4%395,071 218,908 613,979 Kohl's, Target, Linens 'n Things, Michaels, Best Buy, Office Depot, Old Navy, Pier 1 Imports, PetsMart, T.J. Maxx, DSW
                
 
 
  
  Total Community/Lifestyle Center GLA         13,152,921 5,968,456 19,121,377  
                
 
 
  

 

 

OTHER PROPERTIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.

 

Crossville Outlet Center

 

TN

 

Crossville

 

Fee

 

100.0

%

Acquired 2004

 

100.0

%


 

151,256

 

151,256

 

Bass, Dress Barn, Liz Claiborne, Van Heusen, VF Outlet
2. Factory Merchants Branson MO Branson Fee 100.0%Acquired 2004 83.3% 269,307 269,307 Carter's, Izod, Nautica, Pfaltzgraff, Reebok, Pendelton, Tuesday Morning
3. Factory Stores of America-Boaz AL Boaz Ground Lease (2007) 100.0%Acquired 2004 72.8% 111,909 111,909 Banister/Easy Spirit, Bon Worth, VF Outlet
4. Factory Stores of America-Georgetown KY Georgetown Fee 100.0%Acquired 2004 96.5% 176,615 176,615 Bass, Dress Barn, Van Heusen
5. Factory Stores of America-Graceville FL Graceville Fee 100.0%Acquired 2004 98.0% 83,962 83,962 Factory Brand Shoes, VF Outlet, Van Heusen
6. Factory Stores of America-Lebanon MO Lebanon Fee 100.0%Acquired 2004 100.0% 86,249 86,249 Dress Barn, VF Outlet, Van Heusen
7. Factory Stores of America-Nebraska City NE Nebraska City Fee 100.0%Acquired 2004 100.0% 89,646 89,646 Bass, Dress Barn, VF Outlet
8. Factory Stores of America-Story City IA Story City Fee 100.0%Acquired 2004 84.0% 112,405 112,405 Dress Barn, Factory Brand Shoes, VF Outlet, Van Heusen
9. Factory Stores of North Bend WA North Bend Fee 100.0%Acquired 2004 98.4% 223,402 223,402 Adidas, Bass, Carter's, Eddie Bauer, Nike, OshKosh B'Gosh, Samsonite, Gap Outlet
10. The Factory Shoppes at Branson Meadows MO Branson Ground Lease (2021) 100.0%Acquired 2004 88.6%  286,924 286,924 Branson Meadows Cinemas, Dress Barn Woman, VF Outlet
                
 
 
  
      Total Other GLA          1,591,675 1,591,675  
                
 
 
  
      Total U.S. Properties GLA         113,892,050 87,123,088 201,015,138  
                
 
 
  
 
  
  
  
  
  
  
  
 Gross Leasable Area
  
 
  
  
  
 Ownership
Interest
(Expiration if
Lease)(3)

  
  
  
  
 
 Property Name

 State
 City (CBSA)
 Legal
Ownership

 Year Built
or
Acquired

 Occupancy(5)
 Anchor
 Mall &
Freestanding

 Total
 Retail Anchors and Major Tenants
37. Matteson Plaza IL Matteson (Chicago) Fee 100.0%Built 1988 87.1%230,885 40,070 270,955 Michael's, Dominick's, Value City Department Store,(8)
38. Muncie Plaza IN Muncie Fee 100.0%Built 1998 98.6%271,626 27,195 298,821 Kohl's, Target, Shoe Carnival, T.J. Maxx, MC Sporting Goods, Kerasotes Theatres
39. New Castle Plaza IN New Castle Fee 100.0%Built 1966 83.6%24,912 66,736 91,648 Goody's, Jo-Ann Fabrics
40. North Ridge Plaza IL Joliet (Chicago) Fee 100.0%Built 1985 99.3%190,323 114,747 305,070 Hobby Lobby, Office Max, Fun In Motion, Minnesota Fabrics, Burlington Coat Factory
41. North Ridge Shopping Center NC Raleigh Fee 100.0%Acquired 2004 99.6%43,247 123,308 166,555 Ace Hardware, Kerr Drugs, Harris-Teeter Grocery
42. Northwood Plaza IN Fort Wayne Fee 100.0%Built 1974 78.8%136,404 71,841 208,245 Target, Cinema Grill
43. Palms Crossing TX McAllen Fee 100.0%Built 2007 99.5%199,021 59,025 258,046 Bealls, DSW, Barnes & Noble, Babies 'R Us, Sports Authority, Guitar Center, Cavendar's Boot City, Best Buy(6), Ashley Furniture
44. Park Plaza KY Hopkinsville Fee 100.0%Built 1968 96.6%82,398 32,526 114,924 Big Lots, Peddler's Mall
45. Plaza at Buckland Hills, The CT Manchester (Hartford) Fee 35.0%(4)(13)Built 1993 97.1%252,179 82,214 334,393 Linens 'n Things, Jo-Ann Fabrics, Party City, The Maytag Store, Toys 'R Us, Michaels, PetsMart,(17)
46. Regency Plaza MO St. Charles (St. Louis) Fee 100.0%Built 1988 95.5%235,642 51,831 287,473 Wal-Mart, Sam's Wholesale Club
47. Ridgewood Court MS Jackson Fee 35.0%(4)(13)Built 1993 96.9%185,939 54,732 240,671 T.J. Maxx, Lifeway Christian Bookstore, Bed Bath & Beyond, Best Buy, Michaels, Marshalls
48. Rockaway Convenience Center NJ Rockaway (New York) Fee 100.0%Acquired 1998 90.9%99,556 50,086 149,642 Best Buy, Acme, Office Depot
49. Rockaway Plaza NJ Rockaway (New York) Fee 100.0%Acquired 1998 100.0%407,501 51,327 458,828 Target, Pier 1 Imports, PetsMart, Dick's Sporting Goods, AMC Theatres
50. Royal Eagle Plaza FL Coral Springs (Miami-Ft. Lauderdale) Fee 35.0%(4)(13)Built 1989 100.0%124,479 74,830 199,309 K Mart, Stein Mart
51. Shops at Arbor Walk, The TX Austin Ground Lease (2055) 100.0%Built 2006 97.1%199,921 231,656 431,577 Home Depot, Marshall's, DSW, Golf Galaxy, Jo-Ann Fabrics, Circuit City
52. Shops at North East Mall, The TX Hurst (Dallas-Ft. Worth) Fee 100.0%Built 1999 98.2%265,595 99,148 364,743 Michael's, PetsMart, Old Navy, Pier 1 Imports, T.J. Maxx, Bed Bath & Beyond, Best Buy, Barnes & Noble(6)
53. St. Charles Towne Plaza MD Waldorf (Washington, D.C.) Fee 100.0%Built 1987 72.2%286,306 108,826 395,132 Jo-Ann Fabrics, K & G Menswear, CVS, Shoppers Food Warehouse, Dollar Tree, Value City Furniture, Gallo,(8)
54. Teal Plaza IN Lafayette Fee 100.0%Built 1962 43.4%98,337 2,750 101,087 Circuit City, Pep Boys
55. Terrace at the Florida Mall FL Orlando Fee 100.0%Built 1989 93.2%289,252 57,441 346,693 Marshalls, American Signature Furniture, Global Import, Target, Bed Bath & Beyond,(8)

Simon Property Group, L.P. and Subsidiaries

Property Table

U.S. Properties

 
  
  
  
  
  
  
  
 Gross Leasable Area
  
 
 Property Name

 State
 City (Metropolitan area)
 Ownership Interest (Expiration if Lease) (3)
 Legal Ownership
 Year Built or Acquired
 Occupancy (5)
 Anchor
 Mall & Freestanding
 Total
 Retail Anchors and Major Tenants
  PROPERTIES UNDER CONSTRUCTION                
            Expected Opening          

1.

 

Domain, The

 

TX

 

Austin

 

Fee

 

100.0

%

3/07

 

N/A

 


 


 


 

Neiman Marcus, Macy's
2. Philadelphia Premium Outlets PA Limerick Fee 100.0%11/07 N/A     
3. Palms Crossing TX McAllen Fee 100.0%11/07 N/A    Bealls, DSW, Barnes & Noble, Babies 'R Us, Sports Authority, Guitar Center, Cavendar's Boot City
4. Pier Park FL Panama City Beach Fee 100.0%3/08 N/A    Dillard's, JCPenney, Target, Old Navy, Borders Books & Music
5. Hamilton Town Center IN Noblesville (Indianapolis) Fee 50.0%3/08 N/A    JCPenney
 
  
  
  
  
  
  
  
 Gross Leasable Area
  
 
  
  
  
 Ownership
Interest
(Expiration if
Lease)(3)

  
  
  
  
 
 Property Name

 State
 City (CBSA)
 Legal
Ownership

 Year Built
or
Acquired

 Occupancy(5)
 Anchor
 Mall &
Freestanding

 Total
 Retail Anchors and Major Tenants
56. Tippecanoe Plaza IN Lafayette Fee 100.0%Built 1974 100.0%85,811 4,711 90,522 Best Buy, Barnes & Noble
57. University Center IN Mishawaka (South Bend) Fee 100.0%Built 1980 87.7%104,347 46,177 150,524 Michael's, Best Buy, Linens 'n Things
58. Village Park Plaza IN Carmel (Indianapolis) Fee 35.0%(4)(13)Built 1990 98.2%414,593 134,982 549,575 Bed Bath & Beyond, Ashley Furniture HomeStore, Kohl's, Wal-Mart, Marsh, Menards, Regal Cinema
59. Washington Plaza IN Indianapolis Fee 100.0%Built 1976 100.0%21,500 28,607 50,107  
60. Waterford Lakes Town Center FL Orlando Fee 100.0%Built 1999 99.5%622,244 329,625 951,869 Ross Dress for Less, T.J. Maxx, Bed Bath & Beyond, Old Navy, Barnes & Noble, Best Buy, Jo-Ann Fabrics, Office Max, PetsMart, Target, Ashley Furniture HomeStore, L.A. Fitness, Regal Cinema
61. West Ridge Plaza KS Topeka Fee 100.0%Built 1988 89.5%182,161 71,459 253,620 Famous Footwear, T.J. Maxx, Toys 'R Us, Target
62. West Town Corners FL Altamonte Springs (Orlando) Fee 23.3%(4)(13)Built 1989 98.2%263,782 121,477 385,259 Sports Authority, PetsMart, Winn-Dixie Marketplace, American Signature Furniture, Wal-Mart
63. Westland Park Plaza FL Orange Park (Jacksonville) Fee 23.3%(4)(13)Built 1989 97.2%123,548 39,606 163,154 Sports Authority, PetsMart, Burlington Coat Factory
64. White Oaks Plaza IL Springfield Fee 100.0%Built 1986 98.9%275,703 115,723 391,426 T.J. Maxx, Office Max, Kohl's Babies 'R Us, Kids 'R Us, Country Market
65. Whitehall Mall PA Whitehall Fee 38.0%(15)(4)Acquired 2003 90.5%493,475 94,647 588,122 Sears, Kohl's, Bed Bath & Beyond, Borders Books & Music, Gold's Gym
66. Willow Knolls Court IL Peoria Fee 35.0%(4)(13)Built 1990 99.7%341,328 41,049 382,377 Burlington Coat Factory, Kohl's, Sam's Wholesale Club, Willow Knolls 14
67. Wolf Ranch TX Georgetown (Austin) Fee 100.0%Built 2005 81.4%395,071 219,614 614,685 Kohl's, Target, Linens 'n Things, Michaels, Best Buy, Office Depot, Old Navy, Pier 1 Imports, PetsMart, T.J. Maxx, DSW
                
 
 
  
  Total Community/Lifestyle Center GLA         13,483,958 5,069,324 18,553,282  
                
 
 
  

Simon Property Group, L.P. and Subsidiaries

Property Table

U.S. Properties

 
  
  
  
  
  
  
  
 Gross Leasable Area
  
 
  
  
  
 Ownership
Interest
(Expiration if
Lease)(3)

  
  
  
  
 
 Property Name

 State
 City (CBSA)
 Legal
Ownership

 Year Built
or
Acquired

 Occupancy(5)
 Anchor
 Mall &
Freestanding

 Total
 Retail Anchors and Major Tenants
  Other Properties                
1. Crossville Outlet Center TN Crossville Fee 100.0%Acquired 2004 100.0% 151,256 151,256 Bass, Dressbarn, Kasper, L'eggs Hanes Bali Playtex, Liz Claiborne, Rack Room Shoes, Van Heusen, VF Outlet
2. Factory Merchants Branson MO Branson Ground Lease (2021) 100.0%Acquired 2004 78.2% 269,307 269,307 Carter's, Crocs, Izod, Jones New York, Pendleton, Reebok, Tuesday Morning
3. Factory Stores of America- Boaz AL Boaz Ground Lease (2012) 100.0%Acquired 2004 81.6% 111,909 111,909 Banister/Easy Spirit, Bon Worth, VF Outlet
4. Factory Stores of America- Georgetown KY Georgetown Fee 100.0%Acquired 2004 97.7% 176,615 176,615 Bass, Dressbarn, Van Heusen
5. Factory Stores of America- Graceville FL Graceville Fee 100.0%Acquired 2004 100.0% 83,962 83,962 Factory Brand Shoes, Van Heusen, VF Outlet
6. Factory Stores of America- Lebanon MO Lebanon Fee 100.0%Acquired 2004 100.0% 86,249 86,249 Dressbarn, Van Heusen, VF Outlet
7. Factory Stores of America- Nebraska City NE Nebraska City Fee 100.0%Acquired 2004 97.8% 89,646 89,646 Bass, Dressbarn, VF Outlet
8. Factory Stores of America- Story City IA Story City Fee 100.0%Acquired 2004 85.3% 112,405 112,405 Dressbarn, Factory Brand Shoes, Van Heusen, VF Outlet
9. Factory Stores of North Bend WA North Bend Fee 100.0%Acquired 2004 100.0% 223,402 223,402 Adidas, Bass, Carter's, Coach, Gap Outlet, Izod, Nike, Nine West, Samsonite, Van Heusen, VF Outlet
10. The Factory Shoppes at Branson Meadows MO Branson Ground Lease (2021) 100.0%Acquired 2004 88.0% 286,924 286,924 Branson Meadows Cinemas, Dressbarn, VF Outlet
                
 
 
  
  Total Other GLA          1,591,675 1,591,675  
                
 
 
  

Simon Property Group, L.P. and Subsidiaries

Property Table

U.S. Properties

 
  
  
  
  
  
  
  
 Gross Leasable Area
  
 
  
  
  
 Ownership
Interest
(Expiration if
Lease)(3)

  
  
  
  
 
 Property Name

 State
 City (CBSA)
 Legal
Ownership

 Year Built
or
Acquired

 Occupancy(5)
 Anchor
 Mall &
Freestanding

 Total
 Retail Anchors and Major Tenants
  Mills Properties                
  The Mills®                
1. Arizona Mills AZ Tempe (Phoenix) Fee 25.0%Acquired 2007 97.8%594,294 657,941 1,252,235 Marshalls, Last Call Nieman Marcus, Off 5th Saks Fifth Avenue, Linens N Things, Burlington Coat Factory, Sears Appliance Outlet, Gameworks, Sports Authority, Ross Dress for Less, JCPenney Outlet, Group USA, Virgin Megastore, Hi-Health, Harkins Cinemas, IMAX Theatre
2. Arundel Mills MD Hanover (Baltimore) Fee 29.6%(2)Acquired 2007 99.2%669,935 619,767 1,289,702 Bass Pro Shops, Bed Bath & Beyond, Best Buy, Books-A-Million, Burlington Coat Factory, The Children's Place, Dave & Buster's, F.Y.E., H&M, Modell's, Neiman Marcus Last Call, OFF 5TH Saks Fifth Avenue Outlet, Off Broadway Shoe Warehouse, Old Navy, T.J. MAXX, Muvico Theatres
3. Cincinnati Mills OH Cincinnati Fee 50.0%Acquired 2007 77.8%931,475 510,696 1,442,171 Bass Pro Shops, OFF 5th Saks Fifth Avenue Outlet, Burlington Coat Factory, Kohl's, Wonderpark, Steve & Barry's University Sportswear, Urban Behavior, Bigg's, Guitar Center, Berean Christian Store, Babies 'R' Us, Metropolis, Showcase Cinemas, Danbarry Cinemas
4. Colorado Mills CO Lakewood (Denver) Fee 18.8%(2)Acquired 2007 82.1%452,746 650,246 1,102,992 Borders Books Music Café, Eddie Bauer Outlet, Last Call Clearance Center from Neiman Marcus, Off Broadway Shoe Warehouse, OFF 5TH Saks Fifth Avenue Outlet, Sports Authority, United Artists Theatre, Steve & Barry's(5)
5. Concord Mills NC Concord (Charlotte) Fee 29.6%(2)Acquired 2007 97.0%659,384 694,140 1,353,524 Bass Pro Shops Outdoor World, Burlington Coat Factory, Off 5th Saks Fifth Avenue, FYE, The Children's Place Outlet, Blacklion, Dave & Buster's, NIKE, TJ Maxx, Group USA, Sun & Ski, Books-a-Million, AC Moore, Old Navy, Bed Bath & Beyond, Circuit City, NASCAR Speedpark, AMC Theatres
6. Discover Mills GA Lawrenceville (Atlanta) Fee 25.0%(2)Acquired 2007 96.3%594,140 589,249 1,183,389 Bass Pro Shops, Books-A-Million, Burlington Coat Factory, Lunar Golf, Neiman Marcus Last Call, Medieval Times, Off 5th Saks Fifth Avenue Outlet, Off Broadway Shoe Warehouse, ROSS Dress for Less, Sears Appliance Outlet, Sun & Ski Sports, Urban Behavior, Woodward Skatepark of Atlanta, Dave & Buster's, Steve & Barry's, AMC Theatres

Simon Property Group, L.P. and Subsidiaries

Property Table

U.S. Properties

 
  
  
  
  
  
  
  
 Gross Leasable Area
  
 
  
  
  
 Ownership
Interest
(Expiration if
Lease)(3)

  
  
  
  
 
 Property Name

 State
 City (CBSA)
 Legal
Ownership

 Year Built
or
Acquired

 Occupancy(5)
 Anchor
 Mall &
Freestanding

 Total
 Retail Anchors and Major Tenants
7. Franklin Mills PA Philadelphia Fee 50.0%Acquired 2007 87.8%818,295 924,917 1,743,212 Dave & Buster's, JC Penney Outlet Store, Burlington Coat Factory, Marshalls HomeGoods, Steve & Barry's, Modell's Sporting Goods, Group USA, Bed Bath & Beyond, Sam Ash Music, Off 5th Saks Fifth Avenue, Last Call Neiman Marcus, Sears Appliance Outlet, H&M, Woodward Skatepark, AMC Theatres
8. Grapevine Mills TX Grapevine (Dallas-Ft. Worth) Fee 29.6%(2)Acquired 2007 95.8%803,372 974,691 1,778,063 Bed, Bath & Beyond, Books-A-Million, Burlington Coat Factory, The Children's Place, Dr. Pepper STARSCENTER, Forever 21, Group USA—The Clothing Co. JCPenney Outlet, Last Call Neiman Marcus, Marshalls, NIKE, OFF 5th Saks Fifth Avenue, Old Navy, Sears, Steve & Barry's, Sun & Ski Sports, Virgin Megastore, Western Warehouse, Woodward Skatepark, Gameworks, AMC Theatres
9. Great Mall of the Bay Area CA Milpitas (San Jose) Fee 24.5%(2)Acquired 2007 93.6%657,506 721,172 1,378,678 Last Call Nieman Marcus, Sports Authority, Group USA, Old Navy, Kohl's, Dave & Busters, Sears Appliance Outlet, Burlington Coat Factory, Marshalls, Off 5th Saks Fifth Avenue, NIKE, Steve & Barry's(5), Century Theatres,(8)
10. Gurnee Mills IL Gurnee (Chicago) Fee 50.0%Acquired 2007 97.0%952,662 863,966 1,816,628 Bass Pro Shops Outdoor World, Bed Bath & Beyond, Burlington Coat Factory, Circuit City, H & M, JCPenny Outlet Store, Kohl's, Marshall's Home Goods, Off 5th—Saks Fifth Avenue Outlet, Rink Side Sports, Sears Grand, The Sports Authority, TJ Maxx, Value City, VF Outlet, AMC Theatres
11. Katy Mills TX Katy (Houston) Fee 31.3%(2)Acquired 2007 90.7%581,053 1,006,847 1,587,900 Bass Pro Shops Outdoor World, Bed Bath and Beyond, Books-A-Million, Burlington Coat Factory, F.Y.E.-For Your Entertainment, Marshalls, Neiman Marcus Last Call Clearance Center, Off 5th Saks Fifth Avenue Outlet, Steve and Barry's, Sun & Ski Sports, American Theatres, Circuit City(6)
12. Ontario Mills CA Ontario Fee 25.0%Acquired 2007 94.5%809,476 672,834 1,482,310 Burlington Coat Factory, Totally for Kids, NIKE, Gameworks, The Children's Place Outlet, Cost Plus World Market, Marshalls, JCPenney Outlet, Off 5th Saks Fifth Avenue Outlet, Bed Bath & Beyond, Nordstrom Rack, Steve & Barry's, Dave & Busters, Virgin Megastore, Group USA, Sam Ash Music, Off Broadway Shoes, AMC Theatres,(8)

Simon Property Group, L.P. and Subsidiaries

Property Table

U.S. Properties

 
  
  
  
  
  
  
  
 Gross Leasable Area
  
 
  
  
  
 Ownership
Interest
(Expiration if
Lease)(3)

  
  
  
  
 
 Property Name

 State
 City (CBSA)
 Legal
Ownership

 Year Built
or
Acquired

 Occupancy(5)
 Anchor
 Mall &
Freestanding

 Total
 Retail Anchors and Major Tenants
13. Opry Mills TN Nashville Fee 24.5%(2)Acquired 2007 94.2%531,676 625,555 1,157,231 Bass Pro Shops Outdoor World, Dave & Buster's, The Gibson Showcase, Bed Bath & Beyond, Off 5th Saks Fifth Avenue Outlet, Barnes & Noble Booksellers, Old Navy Clothing Co., Off Broadway Shoe Warehouse, Nike Factory Store, Sun & Ski Sports, BLACKLION, Regal Cinema, Forever(5)
14. Potomac Mills VA Prince William (Washington, D.C.) Fee 50.0%Acquired 2007 96.9%771,623 791,957 1,563,580 Group USA, Marshall's, TJ Maxx, Sears Appliance Outlet, Old Navy, JCPenney Outlet, Urban Behavior, Burlington Coat Factory, Off Broadway Shoe Warehouse, Nordstrom Rack and Off 5th Saks Fifth Avenue Outlet, Costco Warehouse, The Children's Place, AMC Theatres
15. Sawgrass Mills FL Sunrise (Miami-Ft. Lauderdale) Fee 50.0%Acquired 2007 98.5%959,158 1,292,910 2,252,068 American Signature Home, Beall's Outlet, Bed Bath & Beyond, Brandsmart USA, Burlington Coat Factory, Gameworks, JCPenny Outlet Store, Marshalls, Neiman Marcus Last Call Clearance Center, Nike Factory Store, Nordstrom Rack, Off 5th Saks Fifth Avenue Outlet, Ron Jon Surf Shop, The Sports Authority, Super Target, TJ Maxx, VF Factory Outlet, Wannado City, FYE, Off Broadway Shoes, Regal Cinema
16. St. Louis Mills MO Hazelwood (St. Louis) Fee 25.0%(2)Acquired 2007 82.1%681,219 510,447 1,191,666 Bed Bath & Beyond, Books-A-Million, Burlington Coat Factory, Cabela's, Circuit City, iceZONE, Marshalls MegaStore, NASCAR SpeedPark, Off Broadway Shoe Warehouse, Sears Appliance Outlet, The Children's Place Outlet, Regal Cinema
17. The Block at Orange CA Orange (Los Angeles) Fee 25.0%(2)Acquired 2007 97.8%307,795 410,986 718,781 Dave & Buster's, The Power House, Ron Jon Surf Shop, Vans Skatepark, Virgin Megastore, Steve & Barry's, Lucky Strike Lanes, Borders Books & Music, Hilo Hattie, Off 5th Saks Fifth Avenue, AMC Theatres
                
 
 
  
  Subtotal The Mills®             11,775,809 12,518,321 24,294,130  
                
 
 
  

Simon Property Group, L.P. and Subsidiaries

Property Table

U.S. Properties

 
  
  
  
  
  
  
  
 Gross Leasable Area
  
 
  
  
  
 Ownership
Interest
(Expiration if
Lease)(3)

  
  
  
  
 
 Property Name

 State
 City (CBSA)
 Legal
Ownership

 Year Built
or
Acquired

 Occupancy(5)
 Anchor
 Mall &
Freestanding

 Total
 Retail Anchors and Major Tenants
  Mills Regional Malls                
18. Briarwood Mall MI Ann Arbor Fee 25.0%Acquired 2007 94.2%608,118 353,185 961,303 Macy's, JCPenney, Sears, Von Maur
19. Del Amo Fashion Center CA Torrance (Los Angeles) Fee 25.0%(2)Acquired 2007 85.5%1,341,701 1,057,981(18)2,399,682 Macy's Men's, Macy's Women's, Macy's Home & Furnishings, JCPenney, Sears, Marshalls, T.J. Maxx, Barnes & Noble, JoAnn Fabrics, Crate & Barrel, L.A. Fitness, Burlington Coat Factory, AMC Theatres
20. Dover Mall DE Dover Fee 34.1%Acquired 2007 98.3%140,000 747,043 887,043 Macy's, JCPenney, Boscov's, Sears, Carmike Cinemas
21. Esplanade, The LA Kenner (New Orleans) Fee 50.0%Acquired 2007 89.4%544,140 352,940 897,080 Dillard's, Dillard's Men's, Macy's(6) (20)
22. Falls, The FL Miami Fee 25.0%Acquired 2007 95.0%455,000 352,654 807,654 Bloomingdale's, Macy's, Regal Cinema
23. Galleria at White Plains, The NY White Plains (New York) Fee 50.0%Acquired 2007 83.8%555,915 322,238 878,153 Macy's, Sears, H&M
24. Hilltop Mall CA Richmond (San Francisco) Fee 25.0%Acquired 2007 84.3%748,551 326,001 1,074,552 JCPenny, Sears, Macy's, Wal-Mart, Steve & Barry's(6)
25. Lakeforest Mall MD Gaithersburg (Washington, D.C.) Fee 25.0%Acquired 2007 87.4%639,289 398,608 1,037,897 Macy's, Lord & Taylor, JCPenney, Sears
26. Mall at Tuttle Crossing, The OH Dublin (Columbus) Fee 25.0%Acquired 2007 93.3%746,568 380,762 1,127,330 Macy's, Macy's, Sears, JCPenney
27. Marley Station MD Glen Burnie (Baltimore) Fee 25.0%Acquired 2007 78.0%735,682 333,901 1,069,583 Boscov's, Macy's, JCPenney, Sears, The Movies at Marley Station
28. Meadowood Mall NV Reno Fee 25.0%Acquired 2007 91.0%609,840 274,682 884,522 Macy's Men's, Macy's, Sears, and JCPenney
29. Northpark Mall MS Ridgeland (Jackson) Fee 50.0%Acquired 2007 93.8%646,725 311,610 958,335 Dillard's, JCPenney, Belk, United Artists Theatre
30. Shops at Riverside, The NJ Hackensack (New York) Fee 50.0%Acquired 2007 87.4%404,666 339,088 743,754 Bloomingdale's, Saks Fifth Avenue, Barnes & Noble
31. Southdale Center MN Edina (Minneapolis) Fee 50.0%Acquired 2007 87.4%817,320 525,191 1,342,511 Macy's, JCPenney, Marshall's, American Theatres(8)
32. Southridge Mall WI Greendale (Milwaukee) Fee 50.0%Acquired 2007 88.3%874,925 352,492 1,227,417 JC Penney, Sears, Kohl's, Boston Store, Steve & Barry's, Linens N Things, Cost Plus World Market, Carmike Cinemas(8)
33. Stoneridge Mall CA Pleasanton (San Francisco) Fee 25.0%Acquired 2007 97.9%841,454 459,265 1,300,719 Macy's Women's, Macy's Men's, Nordstrom, Sears, JCPenney
                
 
 
  
  Subtotal Mills Regional Malls         10,709,894 6,887,641 17,597,535  
                
 
 
  
  Mills Community Centers                
34. Arundel Mills Marketplace MD Hanover (Baltimore) Fee 29.6%(2)Acquired 2007 100.0%77,472 24,141 101,613 Circuit City, Michael's, Staples
35. Concord Mills Marketplace NC Concord (Charlotte) Fee 50.0%Acquired 2007 100.0%216,870 13,813 230,683 BJ's Wholesale Club, Garden Ridge
36. Denver West Village CO Lakewood Fee 18.8%Acquired 2007 92.5%202,306 107,790 310,096 Barnes & Noble, Bed Bath & Beyond, Office Max, Old Navy, Wild Oats, United Artists
37. Liberty Plaza PA Philadelphia Fee 50.0%Acquired 2007 98.2%319,255 52,211 371,466 Wal-Mart, Dick's Sporting Goods, Raymour & Flanigan, Super Fresh Food Market
                
 
 
  
  Subtotal Mills Community Centers         815,903 197,955 1,013,858  
                
 
 
  
  Total Mills Properties         23,301,606 19,603,917 42,905,523  
                
 
 
  
  Total U.S. Properties GLA         135,055,803 107,057,840 242,113,643  
                
 
 
  

Simon Property Group, L.P. and Subsidiaries

Property Table

U.S. Properties

 
  
  
  
  
  
  
  
 Gross Leasable Area
  
 
  
  
  
 Ownership
Interest
(Expiration if
Lease)(3)

  
  
  
  
 
 Property Name

 State
 City (CBSA)
 Legal
Ownership

 Year Built
or
Acquired

 Occupancy(5)
 Anchor
 Mall &
Freestanding

 Total
 Retail Anchors and Major Tenants
  PROPERTIES UNDER CONSTRUCTION     Expected Opening          
1. Pier Park FL Panama City Beach Fee 100.0%3/08         Dillard's, JCPenney, Target (open), Old Navy, Borders, Grand Theatres
2. Hamilton Town Center IN Noblesville (Indianapolis) Fee 50.0%3/08         JCPenney (open), Borders, Dick's Sporting Goods, Old Navy, Steinmart, Bed Bath & Beyond, DSW, Ulta
3. Houston Premium Outlets TX Houston Fee 100.0%3/08         Adidas, Banana Republic, Coach, Cole Haan, Elie Tahari, Juicy Couture, Michael Kors, Nike, True Religion, Tommy Hilfiger
4. Jersey Shore Premium Outlets NJ Tinton Falls Fee 100.0%11/08         Brooks Brothers, Calvin Klein, Elie Tahari, Guess, J. Crew, Michael Kors, Theory, NIKE, Timberland, Tommy Hilfiger

FOOTNOTES:


(1)
This Property is managed by a third party.

(2)
The Operating Partnership's 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 the Operating Partnership.

(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 of first refusal or the right to purchase the lessor's interest. 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)
Regional Malls — Malls—Executed leases for all company-owned GLA in mall and freestanding stores, excluding majors. Premium Outlet Centers — Centers—Executed leases for all company-owned GLA (or total center GLA). Community Centers — Centers—Executed leases for all company-owned GLA including majors, mall stores and freestanding stores.

(6)
Indicates anchor is currently under development.

(7)
Indicates ground lease covers less than 50% of the acreage of this Property.

(8)
Indicates vacant anchor space(s).

(9)
The lease at the Mall at Chestnut Hill includes the entire premises including land and building.

(10)
Indicates ground lease covers all of the Property except for parcels owned in fee by anchors.

(11)
Indicates ground lease covers outparcel only.

(12)
The Operating Partnership receives substantially all the economic benefit of the property due to a preference or advance.

(13)
Outside partner receives substantially all of the economic benefit due to a partner preference.

(14)
The Operating Partnership owns a mortgage note that encumbers Pheasant Lane Mall that entitles it to 100% of the economics of this property.

(15)
The Operating Partnership's indirect ownership interest is through an approximately 76% ownership interest in Kravco Simon Investments.

(16)
Indicates anchor has announced its intent to close this location.

(17)
Indicates anchor has closed, but the Operating Partnership still collects rents and/or fees under an agreement.

(18)
Mall & Freestanding GLA includes office space as follows:

 

 

 

Arsenal Mall — Mall—105,807 sq. ft. Lenox Square — Square—2,674 sq. ft.
Century III Mall — Mall—35,929 sq. ft. Menlo Park Mall — Mall—50,615 sq. ft.
Circle Centre Mall — Mall—9,123 sq. ft. Oak Court Mall — Mall—126,319 sq. ft.
Copley Place — Place—856,586 sq. ft. Oxford Valley Mall — Mall—109,832 sq. ft.
Fashion Centre at Pentagon City, The — The—169,089 sq. ft. Plaza Carolina — Carolina—28,192 sq. ft.
Fashion Mall at Keystone, The — The—10,927 sq. ft. River Oaks Center — Center—118,311 sq. ft.
Firewheel Town Center — Center—75,000 sq. ft. Roosevelt Field — Field—1,610 sq. ft.
Greendale Mall — Mall—119,860 sq. ft. Stanford Shopping Center — Center—5,748 sq. ft.
The Plaza & Court at King of Prussia — Prussia—13,627 sq. ft. The Westchester — Westchester—820 sq. ft.
Lehigh Valley Mall — Mall—11,754 sq. ft. Del Amo Fashion Center—113,000 sq. ft.
(19)
Parisian locations will convert to Belk nameplate in 2007.

(20)
Nordstrom to open stores in locations previously operated by others at Burlington Mall (2008), Ross Park Mall (2008), Fashion Mall at Keystone (2008), South Shore Plaza (2009), and Northshore Mall (2010)(2009).

(20)
Vacant anchor store owned by another company

International Properties

            We ownOur interests in properties outside the United States are all owned through the following international joint venture arrangements.

            The following summarizes our joint venture investments in Europe and the underlying countries in which these joint ventures own and operate real estate properties as of December 31, 2006:2007:

Joint Venture Investment

 Ownership
Interest

 Properties open
and operating

 Countries of
Operation

Gallerie Commerciali Italia, S.p.A. ("GCI") 49.0%41 Italy
Simon Ivanhoe S.à.r.l. ("Simon Ivanhoe") 50.0%12 France, Poland
Joint Venture Investment

 Ownership Interest
 Properties open and operating
 Countries of Operation
Gallerie Commerciali Italia, S.p.A., or GCI 49.0%44 Italy
Simon Ivanhoe S.à.r.l., or Simon Ivanhoe 50.0%7 France, Poland

            In addition, we jointly hold with a third party an interest in one parcel of land for development near Paris, France outside of these two joint ventures. Simon Ivanhoe also operates through aand its wholly-owned subsidiary Groupe BEG, S.A. ("BEG"). Simon Ivanhoe and BEG are fully integrated European retail real estate developers, owners and managers.

            Our properties in Europe consist primarily of hypermarket-anchored shopping centers. Substantially all of our European properties are anchored by either the hypermarket retailer Auchan, primarily in Italy, who is also our partner in GCI, or are anchored by the hypermarket Carrefour in France and Poland. Certain of thesethe properties in Italy are subject to leaseholds whereby GCI leases all or a portion of the premises from a third party who is entitled to receive substantially all the economic benefits of that portion of the properties. Auchan and Carrefour are the two largest hypermarket operators in Europe.

            We also hold real estate interests in fivesix joint ventures in Japan, one in Mexico, and one in Mexico.South Korea. The fivesix joint ventures in Japan operate Premium Outlet centers in various cities in Japan and are held in joint ventures with Mitsubishi Estate Co., Ltd. and Sojitz Corporation (formerly known as Nissho Iwai Corporation). These centers have over 1.41.6 million square feet of GLA. These centersGLA and were all 100% leased as of December 31, 2006 and contained2007. They contain 600 stores with approximately 300 different tenants. The Premium Outlet center in Mexico is 85%88% leased as of December 31, 2006.2007, and the Premium Outlet center in South Korea is 100% leased as of December 31, 2007.

            The following summarizes these sixeight Premium Outlet centers in international joint ventures:

Joint Venture Investment Holdings

 Ownership
Interest

Gotemba Premium Outlets—Outlets — Gotemba City (Tokyo), Japan 40.0%40.0%
Rinku Premium Outlets—Outlets — Izumisano (Osaka), Japan 40.0%40.0%
Sano Premium Outlets—Outlets — Sano (Tokyo), Japan 40.0%40.0%
Toki Premium Outlets—Outlets — Toki (Nagoya), Japan 40.0%40.0%
Tosu Premium Outlets—Outlets — Fukuoka (Kyushu), Japan 40.0%40.0%
Kobe-Sanda Premium Outlets — Kobe, Japan40.0%
Punta Norte Premium Outlets—Outlets — Mexico City, Mexico 50.0%50.0%
Yeoju Premium Outlets — Yeoju, South Korea50.0%

            We also have begun construction on YeojuSendai Izumi Premium Outlets, a 253,000172,000 square foot center located in South Korea.Sendai, Japan. We have a 50%40% interest in this property consistent with the remaining 50% interest owned by Shinsegae.ownership structure of our other Japanese investments. Also, through a joint venture arrangement with MSREF and SZITIC CP, we have a 32.5% interest in fourfive shopping centers that are under construction in China aggregating 1.92.5 million square feet of GLA.

            The following property table summarizes certain data on our properties that are under operation in Europe, Japan, Mexico, and MexicoSouth Korea at December 31, 2006.2007.


Simon Property Group, L.P. and Subsidiaries


International Property Table


  
  
  
  
  
 Gross Leasable Area (1)
  
  
  
  
  
  
 Gross Leasable Area (1)
  

 COUNTRY/Property Name

 City (Metropolitan area)
 Ownership
Interest

 SPG
Ownership

 Year Built
 Hypermarket/Anchor (4)
 Mall & Freestanding
 Total
 Retail Anchors and Major Tenants
 COUNTRY/Property Name

 City (Metropolitan area)
 Ownership Interest
 SPG Effective Ownership
 Year Built
 Hypermarket/ Anchor (4)
 Mall &
Freestanding

 Total
 Retail Anchors and
Major Tenants

 FRANCE               FRANCE                
1. Bay 2 Torcy (Paris) Fee 50.0%2003 132,400 408,900 541,300 Carrefour, Leroy Merlin Bay 2 Torcy (Paris) Fee 50.0%2003 159,900 416,900 576,800 Carrefour, Leroy Merlin
2. Bay 1 Torcy (Paris) Fee 50.0%2004  336,300 336,300 Conforama, Go Sport Bay 1 Torcy (Paris) Fee 50.0%2004  348,900 348,900 Conforama, Go Sport
3. Bel'Est Bagnolet (Paris) Fee 17.5%1992 150,700 63,000 213,700 Auchan Bel'Est Bagnolet (Paris) Fee 17.5%1992 109,800 63,300 173,100 Auchan
4. Villabé A6 Villabé (Paris) Fee 7.5%1992 102,300 104,500 206,800 Carrefour Villabé A6 Villabé (Paris) Fee 7.5%1992 124,900 159,400 284,300 Carrefour
5. Wasquehal Wasquehal (Lille) Fee 50.0%2006 129,200 102,100 231,300 Carrefour Wasquehal Wasquehal (Lille) Fee 50.0%2006 131,300 123,400 254,700 Carrefour
           
 
 
             
 
 
  
     Subtotal France     514,600 1,014,800 1,529,400       Subtotal France         525,900 1,111,900 1,637,800  


 

ITALY

 

 

 

 

 

 

 

 

 

 

 

 

 

ITALY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
6. Ancona — Senigallia Senigallia (Ancona) Fee 49.0%1995 41,200 41,600 82,800 Cityper Ancona — Senigallia Senigallia (Ancona) Fee 49.0%1995 41,200 41,600 82,800 Cityper
7. Ascoli Piceno — Grottammare Grottammare (Ascoli Piceno) Fee 49.0%1995 38,900 55,900 94,800 Cityper, Scarpe & Scarpe Ascoli Piceno — Grottammare Grottammare (Ascoli Piceno) Fee 49.0%1995 38,900 55,900 94,800 Cityper
8. Ascoli Piceno — Porto Sant'Elpidio Porto Sant'Elpidio (Ascoli Piceno) Fee 49.0%1999 48,000 114,300 162,300 Cityper, Comet Ascoli Piceno — Porto Sant'Elpidio Porto Sant'Elpidio (Ascoli Piceno) Fee 49.0%1999 48,000 114,300 162,300 Cityper
9. Bari — Casamassima Casamassima (Bari) Fee 49.0%1995 159,000 388,800 547,800 Auchan, Coin, Eldo, Leroy Merlin, Decathlon, Oviesse, Kiabi, Upim Bari — Casamassima Casamassima (Bari) Fee 49.0%1995 159,000 388,800 547,800 Auchan, Coin, Eldo, Bata, Leroy Merlin, Decathlon
10. Bari — Modugno (5) Modugno (Bari) Fee 49.0%2004 96,900 46,600 143,500 Auchan Bari — Modugno Modugno (Bari) Fee 49.0%2004 96,900 46,600 143,500 Auchan, euronics, Decathlon
11. Brescia — Mazzano Mazzano (Brescia) Fee/Leasehold (2) 49.0% (2)1994 103,300 127,400 230,700 Auchan, Bricocenter, Upim, Trony Brescia — Mazzano Mazzano (Brescia) Fee / Leasehold (2) 49.0%(2)1994 103,300 127,400 230,700 Auchan, Bricocenter, Upim
12. Brindisi — Mesagne Mesagne (Brindisi) Fee 49.0%2003 88,000 140,600 228,600 Auchan, Euronics Brindisi-Mesagne Mesagne (Brindisi) Fee 49.0%2003 88,000 140,600 228,600 Auchan
13. Cagliari — Santa Gilla Cagliari Fee/Leasehold (2) 49.0% (2)1992 75,900 114,800 190,700 Auchan, Bricocenter, Trony Cagliari — Santa Gilla Cagliari Fee / Leasehold (2) 49.0%(2)1992 75,900 114,800 190,700 Auchan, Bricocenter
14. Catania — La Rena Catania Fee 49.0%1998 124,100 22,100 146,200 Auchan Catania — La Rena Catania Fee 49.0%1998 124,100 22,100 146,200 Auchan
15. Cuneo Cuneo (Torino) Fee 49.0%2004 80,700 201,500 282,200 Auchan, Bricocenter, Decathlon, Upim, Euronics Cinisello Cinisello (Milano) Fee 49.0%2007 125,000 250,600 375,600 Auchan
16. Giugliano Giugliano (Napoli) Fee 19.6%2006 130,000 618,300 748,300 Auchan, Decathlon, Leroy Merlin, Oviesse, Conbipel, Scarpe & Scarpe, Eldo, Euronics Cuneo Cuneo (Torino) Fee 49.0%2004 80,700 201,500 282,200 Auchan, Bricocenter
17. Milano — Rescaldina Rescaldina (Milano) Fee 49.0%2000 165,100 212,000 377,100 Auchan, Bricocenter, Decathlon, Media World, Upim Giugliano Giugliano (Napoli) Fee 49.0%(5)2006 130,000 624,500 754,500 Auchan
18. Milano — Vimodrone Vimodrone (Milano) Fee 49.0%1989 110,400 80,200 190,600 Auchan, Bricocenter Milano — Rescaldina Rescaldina (Milano) Fee 49.0%2000 165,100 212,000 377,100 Auchan, Bricocenter, Decathlon, Media World
19. Napoli — Pompei Pompei (Napoli) Fee 49.0%1990 74,300 17,100 91,400 Auchan Milano — Vimodrone Vimodrone (Milano) Fee 49.0%1989 110,400 80,200 190,600 Auchan, Bricocenter
20. Padova Padova Fee 49.0%1989 73,300 32,500 105,800 Auchan Napoli — Pompei Pompei (Napoli) Fee 49.0%1990 74,300 17,100 91,400 Auchan
21. Palermo Palermo Fee 49.0%1990 73,100 9,800 82,900 Auchan Nola — Volcano Buono Nola (Napoli) Fee 22.1%2007 142,900 733,100 876,000 Auchan, Coin, Holiday Inn, Media World
22. Pesaro — Fano Fano (Pesaro) Fee 49.0%1994 56,300 56,000 112,300 Auchan Padova Padova Fee 49.0%1989 73,300 32,500 105,800 Auchan
23. Pescara Pescara Fee 49.0%1998 96,300 65,200 161,500 Auchan, Upim, Euronics Palermo Palermo Fee 49.0%1990 73,100 9,800 82,900 Auchan
24. Pescara — Cepagatti Cepagatti (Pescara) Fee 49.0%2001 80,200 189,600 269,800 Auchan, Bata, Emmezeta Marcatone Z Pesaro — Fano Fano (Pesaro) Fee 49.0%1994 56,300 56,000 112,300 Auchan
25. Piacenza — San Rocco al Porto San Rocco al Porto (Piacenza) Fee 49.0%1992 104,500 74,700 179,200 Auchan, Darty Pescara Pescara Fee 49.0%1998 96,300 65,200 161,500 Auchan
26. Roma — Collatina Collatina (Roma) Fee 49.0%1999 59,500 4,100 63,600 Auchan Pescara — Cepagatti Cepagatti (Pescara) Fee 49.0%2001 80,200 189,600 269,800 Auchan, Bata
27. Sassari — Predda Niedda Predda Niedda (Sassari) Fee/Leasehold (2) 49.0% (2)1990 79,500 154,200 233,700 Auchan, Bricocenter, Upim, Media World Piacenza — San Rocco
al Porto
 San Rocco al Porto (Piacenza) Fee 49.0%1992 104,500 74,700 179,200 Auchan, Darty
28. Porta Di Roma Roma Fee 19.6%2007 624,800 630,600 1,255,400 Auchan, Leroy Merlin, UGC Theatres, Ikea, Media World, Decathlon
29. Roma — Collatina Collatina (Roma) Fee 49.0%1999 59,500 4,100 63,600 Auchan
30. Sassari — Predda Niedda Predda Niedda (Sassari) Fee / Leasehold (2) 49.0%(2)1990 79,500 154,200 233,700 Auchan, Bricocenter
31. Taranto Taranto Fee 49.0%1997 75,200 126,500 201,700 Auchan, Bricocenter
32. Torino Torino Fee 49.0%1989 105,100 66,700 171,800 Auchan
33. Torino — Venaria Venaria (Torino) Fee 49.0%1982 101,600 64,000 165,600 Auchan, Bricocenter
34. Venezia — Mestre Mestre (Venezia) Fee 49.0%1995 114,100 132,600 246,700 Auchan
35. Vicenza Vicenza Fee 49.0%1995 78,400 20,100 98,500 Auchan
36. Ancona Ancona Leasehold (3) 49.0%(3)1993 82,900 82,300 165,200 Auchan
37. Bergamo Bergamo Leasehold (3) 49.0%(3)1976 103,000 16,900 119,900 Auchan
38. Brescia — Concesio Concesio (Brescia) Leasehold (3) 49.0%(3)1972 89,900 27,600 117,500 Auchan

Simon Property Group, L.P. and Subsidiaries

International Property Table

 
  
  
  
  
  
 Gross Leasable Area (1)
  
 
 COUNTRY/Property Name

 City (Metropolitan area)
 Ownership
Interest

 SPG
Ownership

 Year Built
 Hypermarket/Anchor (4)
 Mall & Freestanding
 Total
 Retail Anchors and Major Tenants
  ITALY (continued)            
28. Taranto Taranto Fee 49.0%1997 75,200 126,500 201,700 Auchan, Bricocenter, Upim
29. Torino Torino Fee 49.0%1989 105,100 66,700 171,800 Auchan, Upim
30. Torino — Venaria Venaria (Torino) Fee 49.0%1982 101,600 64,000 165,600 Auchan, Bricocenter
31. Venezia — Mestre Mestre (Venezia) Fee 49.0%1995 114,100 132,600 246,700 Auchan, Oviesse
32. Vicenza Vicenza Fee 49.0%1995 78,400 20,100 98,500 Auchan
33. Ancona Ancona Leasehold (3) 49.0% (3)1993 82,900 82,300 165,200 Auchan, Upim
34. Bergamo Bergamo Leasehold (3) 49.0% (3)1976 103,000 16,900 119,900 Auchan
35. Brescia — Concesio Concesio (Brescia) Leasehold (3) 49.0% (3)1972 89,900 27,600 117,500 Auchan, Bata
36. Cagliari — Marconi Cagliari Leasehold (3) 49.0% (3)1994 83,500 109,900 193,400 Auchan, Bricocenter, Bata, Trony
37. Catania — Misterbianco Misterbianco (Catania) Leasehold (3) 49.0% (3)1989 83,300 16,000 99,300 Auchan
38. Merate — Lecco Merate (Lecco) Leasehold (3) 49.0% (3)1976 73,500 88,500 162,000 Auchan, Bricocenter
39. Milano — Cesano Boscone Cesano Boscone (Milano) Leasehold (3) 49.0% (3)2005 163,800 120,100 283,900 Auchan
40. Milano — Nerviano Nerviano (Milano) Leasehold (3) 49.0% (3)1991 83,800 27,800 111,600 Auchan
41. Napoli — Mugnano di Napoli Mugnano di Napoli Leasehold (3) 49.0% (3)1992 98,000 94,900 192,900 Auchan, Bricocenter, Upim
42. Olbia Olbia Leasehold (3) 49.0% (3)1993 49,000 48,800 97,800 Auchan
43. Roma — Casalbertone Roma Leasehold (3) 49.0% (3)1998 62,700 84,900 147,600 Auchan, Upim
44. Sassari — Centro Azuni Sassari Leasehold (3) 49.0% (3)1995  35,600 35,600 Oviesse
45. Torino — Rivoli Rivoli (Torino) Leasehold (3) 49.0% (3)1986 61,800 32,300 94,100 Auchan
46. Verona — Bussolengo Bussolengo (Verona) Leasehold (3) 49.0% (3)1975 89,300 75,300 164,600 Auchan, Bricocenter
            
 
 
  
      Subtotal Italy     3,557,400 4,038,100 7,595,500  

 

 

POLAND

 

 

 

 

 

 

 

 

 

 

 

 
47. Arkadia Shopping Center Warsaw Fee 50.0%2004 202,100 902,200 1,104,300 Carrefour, Leroy Merlin, Media, Saturn, Cinema City, H & M, Zara, Royal Collection, Peek & Clopperburg
48. Borek Shopping Center Wroclaw Fee 50.0%1999 119,900 129,300 249,200 Carrefour
49. Dabrowka Shopping Center Katowice Fee 50.0%1999 121,000 172,900 293,900 Carrefour, Castorama
50. Gliwice Shopping Center Gliwice Fee 50.0%2006 140,700 239,000 379,700 Carrefour
51. Turzyn Shopping Center Szczecin Fee 50.0%2001 87,200 121,900 209,100 Carrefour
52. Wilenska Station Shopping Center Warsaw Fee 50.0%2002 92,700 215,900 308,600 Carrefour
53. Zakopianka Shopping Center Krakow Fee 50.0%1998 120,200 425,400 545,600 Carrefour, Castorama
            
 
 
  
      Subtotal Poland     883,800 2,206,600 3,090,400  

Simon Property Group, L.P. and Subsidiaries

International Property Table


  
  
  
  
  
 Gross Leasable Area (1)
  

 COUNTRY/Property Name

 City (Metropolitan area)
 Ownership Interest
 SPG Effective Ownership
 Year Built
 Hypermarket/ Anchor (4)
 Mall &
Freestanding

 Total
 Retail Anchors and
Major Tenants

 ITALY (continued)                
39. Cagliari — Marconi Cagliari Leasehold (3) 49.0%(3)1994 83,500 109,900 193,400 Auchan, Bricocenter, Bata
40. Catania — Misterbianco Misterbianco (Catania) Leasehold (3) 49.0%(3)1989 83,300 16,000 99,300 Auchan
41. Merate — Lecco Merate (Lecco) Leasehold (3) 49.0%(3)1976 73,500 88,500 162,000 Auchan, Bricocenter
42. Milano — Cesano Boscone Cesano Boscone (Milano) Leasehold (3) 49.0%(3)2005 163,800 120,100 283,900 Auchan
43. Milano — Nerviano Nerviano (Milano) Leasehold (3) 49.0%(3)1991 83,800 27,800 111,600 Auchan
44. Napoli — Mugnano di Napoli Mugnano di Napoli Leasehold (3) 49.0%(3)1992 98,000 94,900 192,900 Auchan, Bricocenter
45. Olbia Olbia Leasehold (3) 49.0%(3)1993 74,600 133,000 207,600 Auchan
46. Roma — Casalbertone Roma Leasehold (3) 49.0%(3)1998 62,700 84,900 147,600 Auchan
47. Sassari — Centro Azuni Sassari Leasehold (3) 49.0%(3)1995  35,600 35,600  
48. Torino — Rivoli Rivoli (Torino) Leasehold (3) 49.0%(3)1986 61,800 32,300 94,100 Auchan
49. Verona — Bussolengo Bussolengo (Verona) Leasehold (3) 49.0%(3)1975 89,300 75,300 164,600 Auchan, Bricocenter
           
 
 
  
     Subtotal Italy         4,475,700 5,742,800 10,218,500  
                 
 POLAND                
50. Arkadia Shopping Center Warsaw Fee 50.0%2004 202,200 900,800 1,103,000 Carrefour, Leroy Merlin, Media Saturn, Cinema City, H & M, Zara, Royal Collection, Peek & Clopperburg
51. Wilenska Station Shopping Center Warsaw Fee 50.0%2002 92,700 215,900 308,600 Carrefour
           
 
 
  
     Subtotal Poland   Fee     294,900 1,116,700 1,411,600  
                 
 JAPAN                
52. Gotemba Premium Outlets Gotemba City (Tokyo) Fee 40.0%2000  380,100 380,100 Bally, Coach, Diesel, Gap, Gucci, Jill Stuart, L.L. Bean, Nike, Tod's
53. Kobe-Sanda Premium Outlets Hyougo-ken (Osaka) Ground Lease 40.0%2007  193,500 193,500 BCBG, Bose, Coach, Cole Haan, Lego, Nike, Petit Bateau, Max Azria, Theory
54. Rinku Premium Outlets Izumisano (Osaka) Ground Lease (2020) 40.0%2000  320,600 320,600 Bally, Brooks Brothers, Coach, Eddie Bauer, Gap, Nautica, Nike, Timberland, Versace
55. Sano Premium Outlets Sano (Tokyo) Ground Lease (2022) 40.0%2003  316,500 316,500 Bally, Brooks Brothers, Coach, Nautica, New Yorker, Nine West, Timberland
56. Toki Premium Outlets Toki (Nagoya) Ground Lease (2024) 40.0%2005  230,300 230,300 Adidas, Brooks Brothers, Bruno Magli, Coach, Eddie Bauer, Furla, Nautica, Nike, Timberland, Versace
57. Tosu Premium Outlets Fukuoka (Kyushu) Ground Lease (2023) 40.0%2004  240,400 240,400 BCBG, Bose, Coach, Cole Haan, Lego, Nike, Petit Bateau, Max Azria, Theory

  
  
  
  
  
 Gross Leasable Area (1)
  
           
 
 
  

 COUNTRY/Property Name

 City (Metropolitan area)
 Ownership
Interest

 SPG
Ownership

 Year Built
 Hypermarket/Anchor (4)
 Mall & Freestanding
 Total
 Retail Anchors and Major Tenants
     Subtotal Japan          1,681,400 1,681,400  
 JAPAN              
 

MEXICO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
54. Gotemba Premium Outlets Gotemba City (Tokyo) Fee 40.0%2000  390,000 390,000 Bally, Coach, Diesel, Gap, Gucci, Jill Stuart, L.L. Bean, Nike, Tod's Punta Norte Premium Outlets Mexico City Fee 50.0%2004  231,900 231,900 Christian Dior, Sony, Nautica, Levi's, Nike, Rockport, Reebok, Adidas, Samsonite
55. Rinku Premium Outlets Izumisano (Osaka) Ground Lease (2020) 40.0%2000  321,000 321,000 Bally, Brooks Brothers, Coach, Eddie Bauer, Gap, Nautica, Nike, Timberland, Versace
56. Sano Premium Outlets Sano (Tokyo) Ground Lease (2022) 40.0%2003  318,200 318,200 Bally, Brooks Brothers, Coach, Nautica, New Yorker, Nine West, Timberland
57. Toki Premium Outlets Toki (Nagoya) Ground Lease (2024) 40.0%2005  231,200 231,200 Adidas, Brooks Brothers, Bruno Magli, Coach, Eddie Bauer, Furla, Nautica, Nike, Timberland, Versace
58. Tosu Premium Outlets Fukuoka (Kyushu) Ground Lease (2023) 40.0%2004  187,000 187,000 BCBG, Bose, Coach, Cole Haan, Lego, Nike, Petit Bateau, Max Azria, Theory
           
 
 
             
 
 
  
     Subtotal Japan      1,447,400 1,447,400       Subtotal Mexico          231,900 231,900  


 

MEXICO

 

 

 

 

 

 

 

 

 

 

 

 

 

SOUTH KOREA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
59. Punta Norte Premium Outlets Mexico City Fee 50.0%2004  232,000 232,000 Christian Dior, Sony, Nautica, Levi's, Nike Rockport, Reebok, Adidas, Samsonite
55. Yeoju Premium Outlets Yeoju Fee 50.0%2007  249,900 249,900 Armani, Burberry, Dunhill, Ermenegildo Zegna, Salvatore Ferragamo
           
 
 
             
 
 
  
     Subtotal Mexico      232,000 232,000       Subtotal South Korea          249,900 249,900  
           
 
 
             
 
 
  
     TOTAL INTERNATIONAL ASSETS     4,955,800 8,938,900 13,894,700   TOTAL INTERNATIONAL ASSETS       5,296,500 10,134,600 15,431,100  
           
 
 
             
 
 
  

FOOTNOTES:

(1)
All gross leasable area listed in square feet.

(2)
This property is held partially in fee and partially encumbered by a leasehold on the premise which entitles the lessor to the majority of the economics of the portion of the property subject to the leasehold.

(3)
These properties are encumbered by a leasehold on the entire premises which entitles the lessor the majority of the economics of the property.

property
(4)
Represents the sales area of the anchor and excludes any warehouse/storage areas.

(5)
On April 4, 2007, Gallerie Commerciali Italia (the Italian joint venture in which we havethe Company owns a 49% joint ventureinterest) acquired the remaining 60% interest has been notified by an Italian appellate court thatin the shopping gallery at this center, which opened in February 2004, though properly permitted, was not in accordance the Modugno master plan.consists of 177,600 square feet of leasable area. The joint venture is appealing the decision of the appellate court and is otherwise working to resolve the issue. The center remains open. The joint venture partner has indemnified us for the amount of our allocated investmentCompany owns a 19.6% interest in the project.retail parks at this center, which consist of 446,900 square feet of leasable area.

            We have direct or indirect ownership interests in fivefour parcels of land held in the United States for future development, containing an aggregate of approximately 400300 acres located in three states.

            Also, on December 28, 2005, we invested $50.0 million of equity for a 40% interest in a joint venture with Toll Brothers, Inc. (Toll Brothers) and Meritage Homes Corp. (Meritage Homes) to purchase a 5,485-acre land parcel in northwest Phoenix from DaimlerChrysler Corporation for $312 million. Toll Brothers and Meritage Homes each plan to build a significant number of homes on the site. We have the option to purchase a substantial portionThe principal use of the commercial property for retail uses. Other parcels may also be sold to third parties. The site plans call for a mixed-use master planned community, which will include approximately 4,840 acresland upon attaining entitled status is the development of single-family homes and attached homes. Approximately 645 acreshomesites by our partners. As a result of commercial and retail development will include schools, community amenities and open space. The entitlement, planning, and design processes are ongoing and initial home sales are tentatively scheduled to beginthe recent downturn in 2009. Thethe residential market, during the fourth quarter of 2007 we recorded an impairment charge of $55.1 million, $35.6 million net of tax benefit, representing our entire investment in this joint venture of which Toll Brothers is the managing member, expects to develop a master planned community of approximately 12,000 to 15,000 residential units.entity, including interest capitalized on our invested equity.

            The following table sets forth certain information regarding the mortgages and other debt encumbering our Propertiesproperties and the properties held by our international joint venture arrangements. Substantially all of the mortgage and property related debt is nonrecourse to us.



Mortgage and Other Debt on Portfolio Properties

As of December 31, 20062007
(Dollars in thousands)

Property Name
Property Name
 Interest
Rate

 Face
Amount

 Annual Debt
Service

 Maturity
Date

 Property Name
 Interest
Rate

 Face
Amount

 Annual Debt
Service

 Maturity
Date

 
Consolidated Indebtedness:Consolidated Indebtedness:           Consolidated Indebtedness:           

Secured Indebtedness:

Secured Indebtedness:

 

 

 

 

 

 

 

 

 

 

 

Secured Indebtedness:

 

 

 

 

 

 

 

 

 

 

 
Simon Property Group, LP:Simon Property Group, LP:           Simon Property Group, LP:           
Anderson MallAnderson Mall 6.20%$28,634 $2,216 10/10/12 Anderson Mall 6.20%$28,206 $2,216 10/10/12 
Arsenal Mall — 1Arsenal Mall — 1 6.75% 31,433  2,724 09/28/08 Arsenal Mall — 1 6.75% 30,842  2,724 10/10/08 
Arsenal Mall — 2Arsenal Mall — 2 8.20% 1,326  286 05/05/16 Arsenal Mall — 2 8.20% 1,199  286 05/05/16 
Aventura Mall Credit Facility 6.32%  (1) 27,369  1,730  (2)10/27/07 
Bangor MallBangor Mall 7.06% 22,038  2,302 12/01/07 Bangor Mall 6.15% 80,000  4,918  (2)10/01/17 
Battlefield MallBattlefield Mall 4.60% 97,839  6,154 07/01/13 Battlefield Mall 4.60% 96,217  6,154 07/01/13 
Bloomingdale CourtBloomingdale Court 7.78% 27,532  (4) 2,578 11/01/09 Bloomingdale Court 7.78% 27,080  (4) 2,578 11/01/09 
Boardman Plaza 5.94% 23,598  1,402  (2)07/01/14 
Brunswick SquareBrunswick Square 5.65% 85,659  5,957 08/11/14 Brunswick Square 5.65% 84,581  5,957 08/11/14 
Carolina Premium Outlets — SmithfieldCarolina Premium Outlets — Smithfield 9.10% 20,231  (6) 2,114 03/10/13 Carolina Premium Outlets — Smithfield 9.10% 19,973  (6) 2,114 03/10/13 
Century III MallCentury III Mall 6.20% 84,525  (9) 6,541 10/10/12 Century III Mall 6.20% 83,261  (9) 6,541 10/10/12 
Chesapeake SquareChesapeake Square 5.84% 72,658  5,162 08/01/14 Chesapeake Square 5.84% 71,771  5,162 08/01/14 
Cielo Vista Mall 9.38% 47,433  (5) 5,828 05/01/07 
College Mall — 1College Mall — 1 7.00% 32,630  (8) 3,908 01/01/09 College Mall — 1 7.00% 30,953  (8) 3,908 01/01/09 
College Mall — 2College Mall — 2 6.76% 10,710  (8) 935 01/01/09 College Mall — 2 6.76% 10,492  (8) 935 01/01/09 
Copley PlaceCopley Place 7.44% 171,126  16,266 08/01/07 Copley Place 5.25%  (1) 191,000  10,028  (2)08/01/10  (3)
Coral SquareCoral Square 8.00% 85,740  8,065 10/01/10 Coral Square 8.00% 84,489  8,065 10/01/10 
The Crossings Premium OutletsThe Crossings Premium Outlets 5.85% 56,707  4,649 03/13/13 The Crossings Premium Outlets 5.85% 55,385  4,649 03/13/13 
Crossroads MallCrossroads Mall 6.20% 42,451  3,285 10/10/12 Crossroads Mall 6.20% 41,816  3,285 10/10/12 
Crystal RiverCrystal River 7.63% 15,341  1,385 11/11/10  (25)Crystal River 7.63% 15,135  1,385 11/11/10  (25)
Dare CentreDare Centre 9.10% 1,684  (6) 176 03/10/13  (25)Dare Centre 9.10% 1,663  (6) 176 03/10/13  (25)
DeKalb PlazaDeKalb Plaza 5.28% 3,301  284 01/01/15 DeKalb Plaza 5.28% 3,189  284 01/01/15 
Desoto SquareDesoto Square 5.89% 64,153  3,779  (2)07/01/14 Desoto Square 5.89% 64,153  3,779  (2)07/01/14 
The Factory Shoppes at Branson MeadowsThe Factory Shoppes at Branson Meadows 9.10% 9,409  (6) 983 03/10/13  (25)The Factory Shoppes at Branson Meadows 9.10% 9,289  (6) 983 03/10/13  (25)
Factory Stores of America — BoazFactory Stores of America — Boaz 9.10% 2,752  (6) 287 03/10/13  (25)Factory Stores of America — Boaz 9.10% 2,717  (6) 287 03/10/13  (25)
Factory Stores of America — GeorgetownFactory Stores of America — Georgetown 9.10% 6,521  (6) 681 03/10/13  (25)Factory Stores of America — Georgetown 9.10% 6,438  (6) 681 03/10/13  (25)
Factory Stores of America — GracevilleFactory Stores of America — Graceville 9.10% 1,937  (6) 202 03/10/13  (25)Factory Stores of America — Graceville 9.10% 1,912  (6) 202 03/10/13  (25)
Factory Stores of America — LebanonFactory Stores of America — Lebanon 9.10% 1,628  (6) 170 03/10/13  (25)Factory Stores of America — Lebanon 9.10% 1,607  (6) 170 03/10/13  (25)
Factory Stores of America — Nebraska CityFactory Stores of America — Nebraska City 9.10% 1,529  (6) 160 03/10/13  (25)Factory Stores of America — Nebraska City 9.10% 1,510  (6) 160 03/10/13  (25)
Factory Stores of America — Story CityFactory Stores of America — Story City 9.10% 1,891  (6) 198 03/10/13  (25)Factory Stores of America — Story City 9.10% 1,867  (6) 198 03/10/13  (25)
Forest MallForest Mall 6.20% 17,000  (10) 1,316 10/10/12 Forest Mall 6.20% 16,746  (10) 1,316 10/10/12 
Forest PlazaForest Plaza 7.78% 15,101  (4) 1,414 11/01/09 Forest Plaza 7.78% 14,853  (4) 1,414 11/01/09 
Forum Shops at Caesars, TheForum Shops at Caesars, The 4.78% 541,935  34,564 12/01/10 Forum Shops at Caesars, The 4.78% 533,470  34,564 12/01/10 
Gateway Shopping CenterGateway Shopping Center 5.89% 87,000  5,124  (2)10/01/11 Gateway Shopping Center 5.89% 87,000  5,124  (2)10/01/11 
Gilroy Premium OutletsGilroy Premium Outlets 6.99% 64,144  (7) 6,236 07/11/08  (25)Gilroy Premium Outlets 6.99% 62,423  (7) 6,236 07/11/08  (25)
Greenwood Park Mall — 1Greenwood Park Mall — 1 7.00% 27,329  (8) 3,273 01/01/09 Greenwood Park Mall — 1 7.00% 25,924  (8) 3,273 01/01/09 
Greenwood Park Mall — 2Greenwood Park Mall — 2 6.76% 55,331  (8) 4,831 01/01/09 Greenwood Park Mall — 2 6.76% 54,206  (8) 4,831 01/01/09 
Gwinnett PlaceGwinnett Place 5.68% 115,000  6,532  (2)06/08/12 
Henderson SquareHenderson Square 6.94% 15,063  1,270 07/01/11 Henderson Square 6.94% 14,846  1,270 07/01/11 
Highland Lakes CenterHighland Lakes Center 6.20% 15,670  (9) 1,213 10/10/12 Highland Lakes Center 6.20% 15,436  (9) 1,213 10/10/12 
Independence CenterIndependence Center 5.94% 200,000  11,886  (2)07/10/17 
Ingram Park MallIngram Park Mall 6.99% 79,499  (20) 6,724 08/11/11 Ingram Park Mall 6.99% 78,372  (20) 6,724 08/11/11 
Keystone at the Crossing 7.85% 57,514  5,642 07/31/07 
Kittery Premium OutletsKittery Premium Outlets 6.99% 10,619  (7) 1,028 07/11/08  (25)Kittery Premium Outlets 6.99% 10,334  (7) 1,028 07/11/08  (25)
Knoxville CenterKnoxville Center 6.99% 60,201  (20) 5,092 08/11/11 Knoxville Center 6.99% 59,348  (20) 5,092 08/11/11 
Lake View PlazaLake View Plaza 7.78% 20,073  (4) 1,880 11/01/09 Lake View Plaza 7.78% 19,744  (4) 1,880 11/01/09 
Lakeline Mall 7.65% 64,999  6,300 05/01/07 
Lakeline PlazaLakeline Plaza 7.78% 22,008  (4) 2,061 11/01/09 Lakeline Plaza 7.78% 21,647  (4) 2,061 11/01/09 
Las Americas Premium OutletsLas Americas Premium Outlets 5.84% 180,000  10,511  (2)06/11/16 
Lighthouse Place Premium OutletsLighthouse Place Premium Outlets 6.99% 44,261  (7) 4,286 07/11/08  (25)Lighthouse Place Premium Outlets 6.99% 43,073  (7) 4,286 07/11/08  (25)
Lincoln CrossingLincoln Crossing 7.78% 3,038  (4) 285 11/01/09 Lincoln Crossing 7.78% 2,988  (4) 285 11/01/09 
Longview MallLongview Mall 6.20% 31,814  (9) 2,462 10/10/12 Longview Mall 6.20% 31,338  (9) 2,462 10/10/12 
MacGregor VillageMacGregor Village 9.10% 6,775  (6) 708 03/10/13  (25)MacGregor Village 9.10% 6,689  (6) 708 03/10/13  (25)
Mall of GeorgiaMall of Georgia 7.09% 191,520  16,649 07/01/10 Mall of Georgia 7.09% 188,621  16,649 07/01/10 
Markland MallMarkland Mall 6.20% 22,509  (10) 1,742 10/10/12 Markland Mall 6.20% 22,172  (10) 1,742 10/10/12 
Matteson PlazaMatteson Plaza 7.78% 8,840  (4) 828 11/01/09 Matteson Plaza 7.78% 8,695  (4) 828 11/01/09 
McCain Mall 9.38% 22,148  (5) 2,721 05/01/07 
Midland Park MallMidland Park Mall 6.20% 32,860  (10) 2,543 10/10/12 Midland Park Mall 6.20% 32,369  (10) 2,543 10/10/12 
Montgomery MallMontgomery Mall 5.17% 92,508  6,307 05/11/14  (25)Montgomery Mall 5.17% 91,018  6,307 05/11/14  (25)
Muncie PlazaMuncie Plaza 7.78% 7,643  (4) 716 11/01/09 Muncie Plaza 7.78% 7,518  (4) 716 11/01/09 
           
Northfield SquareNorthfield Square 6.05% 29,742  2,485 02/11/14 
Northlake MallNorthlake Mall 6.99% 68,466  (20) 5,874 08/11/11 
North Ridge Shopping CenterNorth Ridge Shopping Center 9.10% 8,169  (6) 865 03/10/13  (25)

Oxford Valley Mall 6.76% 77,451  7,801 01/10/11 
Palm Beach Mall 6.20% 51,781  4,068 10/10/12 
Penn Square Mall 7.03% 67,079  6,003 03/01/09  (25)
Plaza Carolina — Fixed 5.10% 92,405  7,085 05/09/09 
Plaza Carolina — Variable Capped 5.50%  (29) 93,840  7,369 05/09/09  (3)
Plaza Carolina — Variable Floating 5.50%  (1) 56,303  4,421 05/09/09  (3)
Port Charlotte Town Center 7.98% 51,517  4,680 12/11/10  (25)
Regency Plaza 7.78% 4,075  (4) 388 11/01/09 
Richmond Towne Square 6.20% 45,466  (10) 3,572 10/10/12 
SB Boardman Plaza Holdings 5.94% 23,490  1,682 07/01/14 
SB Trolley Square Holding 9.03% 28,116  2,880 08/01/10 
St. Charles Towne Plaza 7.78% 26,083  (4) 2,483 11/01/09 
Stanford Shopping Center 3.60%  (11) 220,000  7,920  (2)09/11/08 
Summit Mall 5.42% 65,000  3,768  (2)06/10/17 
Sunland Park Mall 8.63%  (13) 34,558  3,768 01/01/26 
Tacoma Mall 7.00% 124,796  10,778 10/01/11 
Town Center at Cobb 5.74% 280,000  16,072  (2)06/08/12 
Towne East Square — 1 7.00% 42,678  4,711 01/01/09 
Towne East Square — 2 6.81% 21,879  1,958 01/01/09 
Towne West Square 6.99% 51,302  (20) 4,402 08/11/11 
University Park Mall 5.45%  (1) 100,000  5,450  (2)07/09/10  (3)
Upper Valley Mall 5.89% 47,904  2,822  (2)07/01/14 
Valle Vista Mall 5.35% 40,000  3,598  (2)05/10/17 
Washington Square 5.94% 30,552  2,194 07/01/14 
Waterloo Premium Outlets 6.99% 34,692  (7) 3,452 07/11/08  (25)
West Ridge Mall 5.89% 68,711  4,047  (2)07/01/14 
West Ridge Plaza 7.78% 5,254  (4) 500 11/01/09 
White Oaks Mall 5.54% 50,000  2,768  (2)11/01/16 
White Oaks Plaza 7.78% 16,031  (4) 1,526 11/01/09 
Wolfchase Galleria 5.64% 225,000  12,700  (2)04/01/17 
Woodland Hills Mall 7.00% 80,144  7,185 01/01/09  (25)
    
      
Total Consolidated Secured Indebtedness   $5,253,059      


Northfield Square 6.05% 30,382  2,485 02/11/14 
Northlake Mall 6.99% 69,450  (20) 5,874 08/11/11 
North Ridge Shopping Center 9.10% 8,275  (6) 865 03/10/13  (25)
Oxford Valley Mall 6.76% 79,924  7,801 01/10/11 
Palm Beach Mall 6.20% 52,567  4,068 10/10/12 
Penn Square Mall 7.03% 68,258  6,003 03/01/09  (25)
Plaza Carolina — Fixed 5.10% 94,714  7,085 05/09/09 
Plaza Carolina — Variable Capped 6.22%  (29) 95,744  7,895 05/09/09  (3)
Plaza Carolina — Variable Floating 6.22%  (1) 57,445  4,737 05/09/09  (3)
Port Charlotte Town Center 7.98% 52,007  4,680 12/11/10  (25)
Regency Plaza 7.78% 4,143  (4) 388 11/01/09 
Richmond Towne Square 6.20% 46,156  (10) 3,572 10/10/12 
SB Trolley Square Holding 9.03% 28,408  2,880 08/01/10 
St. Charles Towne Plaza 7.78% 26,518  (4) 2,483 11/01/09 
Stanford Shopping Center 3.60%  (11) 220,000  7,920  (2)09/11/08 
Sunland Park Mall 8.63%  (13) 35,315  3,768 01/01/26 
Tacoma Mall 7.00% 126,763  10,778 10/01/11 
Towne East Square — 1 7.00% 44,339  4,711 01/01/09 
Towne East Square — 2 6.81% 22,330  1,958 01/01/09 
Towne West Square 6.99% 52,039  (20) 4,402 08/11/11 
University Park Mall 7.43% 56,825  4,958 10/01/07 
Upper Valley Mall 5.89% 47,904  2,822  (2)07/01/14 
Valle Vista Mall 9.38% 29,335  (5) 3,598 05/01/07 
Washington Square 5.94% 30,693  1,823  (2)07/01/14 
Waterloo Premium Outlets 6.99% 35,649  (7) 3,452 07/11/08  (25)
West Ridge Mall 5.89% 68,711  4,047  (2)07/01/14 
West Ridge Plaza 7.78% 5,342  (4) 500 11/01/09 
White Oaks Mall 5.54% 50,000  2,768  (2)11/01/16 
White Oaks Plaza 7.78% 16,298  (4) 1,526 11/01/09 
Wolfchase Galleria 7.80% 70,716  6,911 06/30/07 
Woodland Hills Mall 7.00% 81,587  7,185 01/01/09  (25)
    
      
Total Consolidated Secured Indebtedness   $4,405,024      

Unsecured Indebtedness:

 

 

 

 

 

 

 

 

 

 

 
Simon Property Group, LP:           
Unsecured Revolving Credit Facility — USD 4.98%  (15)$1,798,000 $89,451  (2)01/11/11  (3)
Revolving Credit Facility — Yen Currency 1.08%  (15) 215,593  2,323  (2)01/11/11  (3)
Revolving Credit Facility — Euro Currency 4.66%  (15) 338,019  15,739  (2)01/11/11  (3)
Unsecured Notes — 2B 7.00% 150,000  10,500  (14)07/15/09 
Unsecured Notes — 4C 7.38% 200,000  14,750  (14)06/15/18 
Unsecured Notes — 5B 7.13% 300,000  21,375  (14)02/09/09 
Unsecured Notes — 6B 7.75% 200,000  15,500  (14)01/20/11 
Unsecured Notes — 8A 6.35% 350,000  22,225  (14)08/28/12 
Unsecured Notes — 8B 5.38% 150,000  8,063  (14)08/28/08 
Unsecured Notes — 9A 4.88% 300,000  14,625  (14)03/18/10 
Unsecured Notes — 9B 5.45% 200,000  10,900  (14)03/15/13 
Unsecured Notes — 10A 3.75% 300,000  11,250  (14)01/30/09 
Unsecured Notes — 10B 4.90% 200,000  9,800  (14)01/30/14 
Unsecured Notes — 11A 4.88% 400,000  19,500  (14)08/15/10 
Unsecured Notes — 11B 5.63% 500,000  28,125  (14)08/15/14 
Unsecured Notes — 12 A 5.10% 600,000  30,600  (14)06/15/15 
Unsecured Notes — 12 B 4.60% 400,000  18,400  (14)06/15/10 
Unsecured Notes — 13 A 5.38% 500,000  26,875  (14)06/01/11 
Unsecured Notes — 13 B 5.75% 600,000  34,500  (14)12/01/15 
Unsecured Notes — 14 A 5.75% 400,000  23,000  (14)05/01/12 
Unsecured Notes — 14 B 6.10% 400,000  24,400  (14)05/01/16 
Unsecured Notes — 15 A 5.60% 600,000  33,600  (14)09/01/11 
Unsecured Notes — 15 B 5.88% 500,000  29,375  (14)03/01/17 
Unsecured Notes — 16 A 5.00% 600,000  30,000  (14)03/01/12 
Unsecured Notes — 16 B 5.25% 650,000  34,125  (14)12/01/16 
Mandatory Par Put Remarketed Securities 7.00% 200,000  14,000  (14)06/15/08  (16)
    
      
     11,051,612      

The Retail Property Trust, subsidiary:

 

 

 

 

 

 

 

 

 

 

 
Unsecured Notes — CPI 4 7.18% 75,000  5,385  (14)09/01/13 
Unsecured Notes — CPI 5 7.88% 250,000  19,688  (14)03/15/16 
    
      
     325,000      

CPG Partners, LP, subsidiary:

 

 

 

 

 

 

 

 

 

 

 
Unsecured Notes — CPG 3 3.50% 100,000  3,500  (14)03/15/09 
Unsecured Notes — CPG 4 8.63% 50,000  4,313  (14)08/17/09 
Unsecured Notes — CPG 5 8.25% 150,000  12,375  (14)02/01/11 
Unsecured Notes — CPG 6 6.88% 100,000  6,875  (14)06/15/12 
Unsecured Notes — CPG 7 6.00% 150,000  9,000  (14)01/15/13 
    
      
     550,000      
    
      
 Total Consolidated Unsecured Indebtedness    11,926,612      
    
      
 Total Consolidated Indebtedness at Face Amounts    17,179,671      
 Fair Value Interest Rate Swaps    (90)  (24)     
 Net Premium on Indebtedness    63,901      
 Net Discount on Indebtedness    (24,808)     
    
      
 Total Consolidated Indebtedness   $17,218,674  (19)     
    
      


Unsecured Indebtedness:

 

 

 

 

 

 

 

 

 

 

 
Simon Property Group, LP:           
Unsecured Revolving Credit Facility — USD 5.70%  (15)$ $  (2)01/11/11  (3)
Revolving Credit Facility — Yen Currency 0.85%  (15) 14,673  125  (2)01/11/11  (3)
Revolving Credit Facility — Euro Currency 4.01%  (15) 290,459  11,643  (2)01/11/11  (3)
Medium Term Notes — 2 7.13% 180,000  12,825  (14)09/20/07 
Unsecured Notes — 2B 7.00% 150,000  10,500  (14)07/15/09 
Unsecured Notes — 4C 7.38% 200,000  14,750  (14)06/15/18 
Unsecured Notes — 5B 7.13% 300,000  21,375  (14)02/09/09 
Unsecured Notes — 6B 7.75% 200,000  15,500  (14)01/20/11 
Unsecured Notes — 7 6.38% 750,000  47,813  (14)11/15/07 
Unsecured Notes — 8A 6.35% 350,000  22,225  (14)08/28/12 
Unsecured Notes — 8B 5.38% 150,000  8,063  (14)08/28/08 
Unsecured Notes — 9A 4.88% 300,000  14,625  (14)03/18/10 
Unsecured Notes — 9B 5.45% 200,000  10,900  (14)03/15/13 
Unsecured Notes — 10A 3.75% 300,000  11,250  (14)01/30/09 
Unsecured Notes — 10B 4.90% 200,000  9,800  (14)01/30/14 
Unsecured Notes — 11A 4.88% 400,000  19,500  (14)08/15/10 
Unsecured Notes — 11B 5.63% 500,000  28,125  (14)08/15/14 
Unsecured Notes — 12 A 5.10% 600,000  30,600  (14)06/15/15 
Unsecured Notes — 12 B 4.60% 400,000  18,400  (14)06/15/10 
Unsecured Notes — 13 A 5.38% 500,000  26,875  (14)06/01/11 
Unsecured Notes — 13 B 5.75% 600,000  34,500  (14)12/01/15 
Unsecured Notes — 14 A 5.75% 400,000  23,000  (14)05/01/12 
Unsecured Notes — 14 B 6.10% 400,000  24,400  (14)05/01/16 
Unsecured Notes — 15 A 5.60% 600,000  33,600  (14)09/01/11 
Unsecured Notes — 15 B 5.88% 500,000  29,375  (14)03/01/17 
Unsecured Notes — 16 A 5.00% 600,000  30,000  (14)03/01/12 
Unsecured Notes — 16 B 5.25% 650,000  34,125  (14)12/01/16 
Mandatory Par Put Remarketed Securities 7.00% 200,000  14,000  (14)06/15/08  (16)
    
      
     9,935,132      

The Retail Property Trust, subsidiary:

 

 

 

 

 

 

 

 

 

 

 
Unsecured Notes — CPI 4 7.18% 75,000  5,385  (14)09/01/13 
Unsecured Notes — CPI 5 7.88% 250,000  19,688  (14)03/15/16 
    
      
     325,000      

CPG Partners, LP, subsidiary:

 

 

 

 

 

 

 

 

 

 

 
Unsecured Notes — CPG 2 7.25% 125,000  9,063  (14)10/21/07 
Unsecured Notes — CPG 3 3.50% 100,000  3,500  (14)03/15/09 
Unsecured Notes — CPG 4 8.63% 50,000  4,313  (14)08/17/09 
Unsecured Notes — CPG 5 8.25% 150,000  12,375  (14)02/01/11 
Unsecured Notes — CPG 6 6.88% 100,000  6,875  (14)06/15/12 
Unsecured Notes — CPG 7 6.00% 150,000  9,000  (14)01/15/13 
    
      
     675,000      
    
      
 Total Consolidated Unsecured Indebtedness   $10,935,132      
    
      
 Total Consolidated Indebtedness at Face Amounts   $15,340,156      
 Fair Value Interest Rate Swaps    (9,428)  (24)     
 Net Premium on Indebtedness    93,732      
 Net Discount on Indebtedness    (29,971)     
    
      
 Total Consolidated Indebtedness   $15,394,489  (19)     
    
      

Joint Venture Indebtedness:

 

 

 

 

 

 

 

 

 

 

 

Secured Indebtedness:

 

 

 

 

 

 

 

 

 

 

 
Apple Blossom Mall 7.99%$37,689 $3,607 09/10/09 
Arizona Mills 7.90% 136,017  10,752 10/05/10 
Arkadia Shopping Center 5.63%  (31) 150,673  8,481  (2)05/31/12 
Arundel Marketplace 5.92% 11,784  884 01/01/14 
Arundel Mills 6.14% 385,000  23,639  (2)08/01/14 
Atrium at Chestnut Hill 6.89% 45,338  3,880 03/11/11  (25)
Auburn Mall 7.99% 44,123  4,222 09/10/09 
Aventura Mall 5.91% 430,000  25,392  (2)12/11/17 
Avenues, The 5.29% 74,226  5,325 04/01/13 
Bay 1 (Torcy) 5.38%  (31) 20,721  1,115  (2)05/31/11 
Bay 2 (Torcy) 5.38%  (31) 77,304  4,158  (2)06/30/11 
Block at Orange 6.25% 220,000  13,753  (2)10/01/14 
Briarwood Mall — 1 3.93% 192,402  7,569  (2)11/01/09 
Briarwood Mall — 2 5.11% 1,548  79  (2)09/01/09 
Cape Cod Mall 6.80% 92,100  7,821 03/11/11 
Castleton Storage 6.65%  (1) 4,636  308  (2)07/31/09  (3)
Changshu SZITIC 7.18%  (39) 27,140  1,949  (2)04/10/17 
Circle Centre Mall 5.02% 74,276  5,165 04/11/13 
Clay Terrace 5.08% 115,000  5,842  (2)10/01/15 
Cobblestone Court 5.60%  (1) 2,700  151  (2)04/16/10 
Coconut Point 5.83% 230,000  13,409  (2)12/10/16 
Coddingtown Mall 5.75%  (1) 15,500  891  (2)07/14/10 
Colorado Mills 6.18%  (38) 170,000  10,506  (2)11/12/09 
Concord Mills Mall 6.13% 169,612  13,208 12/07/12 
Concord Marketplace 5.76% 13,715  1,013 02/01/14 
Crystal Mall 5.62% 98,213  7,319 09/11/12  (25)
Dadeland Mall 6.75% 186,553  15,566 02/11/12  (25)
Del Amo 6.55%  (1) 326,513  21,387  (2)01/10/08 
Denver West Village 8.15% 22,515  2,153 10/01/11 
Discover Mills — 1 7.32% 23,700  1,735  (2)12/11/11 
Discover Mills — 2 6.08% 135,000  8,212  (2)12/11/11 
Domain Residential 5.75%  (1) 29,810  1,714  (2)03/03/11  (3)
Dover Mall & Commons 6.55%  (37) 83,756  (35) 5,486  (2)02/01/12  (3)
Eastland Mall 5.79% 168,000  9,734  (2)06/01/16 
Emerald Square Mall 5.13% 134,642  9,479 03/01/13 
Empire Mall 5.79% 176,300  10,215  (2)06/01/16 
Esplanade, The 6.55%  (37) 75,136  (35) 4,921  (2)02/01/12  (3)
Falls, The 4.34% 148,200  6,432  (2)11/01/09 
Fashion Centre Pentagon Retail 6.63% 154,540  12,838 09/11/11  (25)
Fashion Centre Pentagon Office 5.35%  (30) 40,000  2,140  (2)07/09/09  (3)
Fashion Valley Mall — 1 6.49% 155,843  13,218 10/11/08  (25)
Fashion Valley Mall — 2 6.58% 29,124  1,915  (2)10/11/08  (25)
Firewheel Residential 6.45%  (1) 19,939  1,286  (2)06/20/11  (3)
Florida Mall, The 7.55% 250,721  22,766 12/10/10 
Franklin Mills 5.65% 290,000  16,385  (2)06/01/17 
Galleria at White Plains 6.55%  (37) 125,566  (35) 8,225  (2)02/01/12  (3)
Galleria Commerciali Italia — Facility A 5.73%  (18) 358,954  26,938 12/22/11  (3)
Galleria Commerciali Italia — Facility B 5.83%  (27) 354,932  28,200 12/22/11 
Galleria Commerciali Italia — Cinisello 1 5.48%  (32) 110,144  6,035  (2)03/31/08 
Galleria Commerciali Italia — Cinisello 2 5.38%  (33) 42,670  2,295  (2)03/31/08 
Galleria Commerciali Italia — Giugliano 5.33%  (34) 41,241  2,198  (2)10/20/13 
Galleria Commerciali Italia — Catania 5.48%  (5) 20,064  1,099  (2)12/15/09 
Gaitway Plaza 4.60% 13,900  (17) 640  (2)07/01/15 
Granite Run Mall 5.83% 119,812  8,622 06/01/16 
Grapevine Mills 6.47% 145,160  11,720 10/01/08 
Grapevine Mills II 8.39% 13,622  1,324 11/05/08 
Great Mall of the Bay Area 4.80% 175,000  8,400  (2)09/01/08 
Greendale Mall 6.00% 45,000  2,699  (2)10/01/16 
Gotemba Premium Outlets — Fixed 2.00% 7,878  (26) 1,165 10/25/14 
Gotemba Premium Outlets — Variable 1.61%  (12) 60,154  (26) 4,494 02/28/13 
Gurnee Mills 5.77% 321,000  18,512  (2)07/01/17 
Hamilton Town Center 5.60%  (1) 36,677  2,054  (2)03/31/08 
Hangzhou 7.18%  (40) 16,284  1,170  (2)06/15/17 



Joint Venture Indebtedness:

 

 

 

 

 

 

 

 

 

 

 

Secured Indebtedness:

 

 

 

 

 

 

 

 

 

 

 
Apple Blossom Mall 7.99%$38,219 $3,607 09/10/09 
Arkadia Shopping Center 4.67%  (31) 135,062  6,312 05/31/12 
Atrium at Chestnut Hill 6.89% 46,025  3,880 03/11/11  (25)
Auburn Mall 7.99% 44,744  4,222 09/10/09 
Aventura Mall 6.61% 200,000  13,220  (2)04/06/08 
Avenues, The 5.29% 75,588  5,325 04/01/13 
Bay 1 (Torcy) 4.42%  (31) 18,575  822 05/31/11 
Bay 2 (Torcy) 4.42%  (31) 69,290  3,065 06/30/11 
Borek Shopping Center 5.93% 16,396  973 02/06/12 
Cape Cod Mall 6.80% 93,520  7,821 03/11/11 
Castleton Storage 7.37%  (1) 256  19  (2)07/31/09  (3)
Circle Centre Mall 5.02% 75,624  5,165 04/11/13 
Clay Terrace 5.08% 115,000  5,842  (2)10/01/15 
Coconut Point 5.83% 230,000  13,409  (2)12/10/16 
Coddingtown Mall 6.57%  (1) 10,500  690  (2)07/14/07 
Crystal Mall 5.62% 99,883  7,319 09/11/12  (25)
Dabrowka Shopping Center 6.04%  (31) 4,978  301 07/03/14 
Dadeland Mall 6.75% 189,252  15,566 02/11/12  (25)
Domain Residential 6.47%  (1) 21,673  1,403  (2)03/03/11  (3)
Eastland Mall 5.79% 168,000  9,734  (2)06/01/16 
Emerald Square Mall 5.13% 137,050  9,479 03/01/13 
Empire Mall 5.79% 176,300  10,215  (2)06/01/16 
Fashion Centre Pentagon Retail 6.63% 156,904  12,838 09/11/11  (25)
Fashion Centre Pentagon Office 6.07%  (30) 40,000  2,429  (2)07/09/09  (3)
Fashion Valley Mall — 1 6.49% 158,720  13,218 10/11/08  (25)
Fashion Valley Mall — 2 6.58% 29,124  1,915  (2)10/11/08  (25)
Firewheel Residential 7.17%  (1) 606  43  (2)06/20/09 
Florida Mall, The 7.55% 254,151  22,766 12/10/10 
Galleria Commerciali Italia — Facility A 4.77%  (18) 328,859  21,411 12/22/11  (3)
Galleria Commerciali Italia — Facility B 4.87%  (27) 324,885  22,565 12/22/11 
Galleria Commerciali Italia — Cinisello 4.12% 29,545  1,218 06/20/07 
Gaitway Plaza 4.60% 13,900  (17) 640  (2)07/01/15 
Granite Run Mall 5.83% 121,189  8,622 06/01/16 
Greendale Mall 6.00% 45,000  2,699  (2)10/01/16 
Gotemba Premium Outlets — Fixed 2.00% 8,398  (26) 1,176 10/25/14 
Gotemba Premium Outlets — Variable 2.30%  (12) 16,208  (26) 3,900 09/30/07 
Gwinnett Place — 1 7.54% 35,621  3,412 04/01/07 
Gwinnett Place — 2 7.25% 79,239  7,070 04/01/07 
Hamilton Town Center 6.32%  (1) 9,398  594  (2)03/31/07 
Highland Mall 6.83% 66,744  5,634 07/11/11 
Houston Galleria — 1 5.44% 643,583  34,985  (2)12/01/15 
Houston Galleria — 2 5.44% 177,417  9,644  (2)12/01/15 
Indian River Commons 5.21% 9,645  503  (2)11/01/14 
Indian River Mall 5.21% 65,355  3,408  (2)11/01/14 
King of Prussia Mall — 1 7.49% 162,777  23,183 01/01/17 
King of Prussia Mall — 2 8.53% 11,314  1,685 01/01/17 
Lehigh Valley Mall 5.88%  (1) 150,000  8,823  (2)08/09/10  (3)
Liberty Tree Mall 5.22% 35,000  1,827  (2)10/11/13 
Mall at Rockingham 7.88% 93,242  8,705 09/01/07 
Mall at Chestnut Hill 8.45% 14,172  1,396 02/02/10 
Mall of New Hampshire — 1 6.96% 96,202  8,345 10/01/08  (25)
Mall of New Hampshire — 2 8.53% 7,989  786 10/01/08 
Mesa Mall 5.79% 87,250  5,055  (2)06/01/16 
Miami International Mall 5.35% 97,198  6,533 10/01/13 
Northshore Mall 5.03% 210,000  10,553  (2)03/11/14  (25)
Quaker Bridge Mall 7.03% 21,627  2,407 04/01/16 
Plaza at Buckland Hills, The 4.60% 24,800  (17) 1,142  (2)07/01/15 
Ridgewood Court 4.60% 14,650  (17) 674  (2)07/01/15 
            
Highland Mall 6.83% 65,865  5,634 07/10/11 
Hilltop Mall 4.99% 64,350  3,211  (2)07/08/12 
Houston Galleria — 1 5.44% 643,583  34,985  (2)12/01/15 
Houston Galleria — 2 5.44% 177,417  9,644  (2)12/01/15 
Indian River Commons 5.21% 9,645  503  (2)11/01/14 
Indian River Mall 5.21% 65,355  3,408  (2)11/01/14 
Katy Mills 6.69% 148,000  9,906  (2)01/09/13 
King of Prussia Mall — 1 7.49% 151,396  20,118 01/01/17 
King of Prussia Mall — 2 8.53% 10,564  1,388 01/01/17 
Kobe Premium Outlets 1.35% 18,799  (26) 770 01/31/12 
Lakeforest Mall 4.90% 141,050  6,904  (2)07/08/10 
Lehigh Valley Mall 5.16%  (36) 150,000  7,740  (2)08/09/10  (3)
Liberty Plaza 5.68% 43,000  2,442  (2)06/01/17 
Liberty Tree Mall 5.22% 35,000  1,827  (2)10/11/13 
Mall at Chestnut Hill 8.45% 13,966  1,396 02/01/10 
Mall at Rockingham 5.61% 260,000  17,931 03/10/17 
Mall at Tuttle Crossing 5.05% 118,180  7,774 11/05/13 
Mall of New Hampshire — 1 6.96% 94,588  8,345 10/01/08  (25)
Mall of New Hampshire — 2 8.53% 7,890  786 10/01/08 
Marley Station 4.89% 114,400  5,595  (2)07/01/12 
Meadowood Mall 5.19%  (38) 182,000  9,442  (2)11/01/09  (3)
Mesa Mall 5.79% 87,250  5,055  (2)06/01/16 
Miami International Mall 5.35% 95,904  6,533 10/01/13 
Mills Senior Loan Facility 5.85%  (1) 773,000  45,221  (2)06/07/12  (3)
Net Leases I 7.96% 26,326  2,096  (2)10/10/10 
Net Leases II 9.35% 21,049  1,968  (2)01/10/23 
Northpark Mall — Mills 6.55%  (37) 105,543  (35) 6,913  (2)02/01/12  (3)
Northshore Mall 5.03% 207,850  13,566 03/11/14  (25)
Ontario Mills 6.75% 128,192  11,286 12/01/08 
Ontario Mills II 8.01% 9,828  925 01/05/09 
Opry Mills 6.16% 280,000  17,248  (2)10/10/14 
Potomac Mills 5.83% 410,000  23,901  (2)07/11/17 
Plaza at Buckland Hills, The 4.60% 24,800  (17) 1,142  (2)07/01/15 
Quaker Bridge Mall 7.03% 20,790  2,407 04/01/16 
Ridgewood Court 4.60% 14,650  (17) 674  (2)07/01/15 
Rinku Premium Outlets 2.19% 36,998  (26) 4,935 11/25/14 
Rushmore Mall 5.79% 94,000  5,446  (2)06/01/16 
Sano Premium Outlets 2.39% 34,755  (26) 7,094 05/31/16 
Sawgrass Mills 5.82% 850,000  49,470  (2)07/01/14 
Shops at Riverside, The 5.40%  (1) 130,000  7,020  (2)11/14/11  (3)
St. Johns Town Center 5.06% 170,000  8,602  (2)03/11/15 
St. John's Town Center Phase II 5.25%  (1) 64,000  3,360  (2)02/12/10  (3)
St. Louis Mills 6.39% 90,000  5,751  (2)01/08/12  (3)
Seminole Towne Center 5.25%  (22) 70,000  3,675  (2)07/09/09  (3)
Shops at Sunset Place, The 5.35%  (21) 87,469  6,701 05/09/09  (3)
Smith Haven Mall 5.16% 180,000  9,283  (2)03/01/16 
Solomon Pond 3.97% 111,379  6,505 08/01/13 
Source, The 6.65% 124,000  8,246  (2)03/11/09 
Southern Hills Mall 5.79% 101,500  5,881  (2)06/01/16 
Southdale Center 5.18% 186,550  9,671  (2)04/01/10 
SouthPark Residential 6.00%  (1) 41,141  2,468  (2)12/31/10  (3)
Southridge Mall 5.23% 124,000  6,489  (2)04/01/12 
Springfield Mall 5.70%  (1) 76,500  4,361  (2)12/01/10  (3)
Square One 6.73% 88,763  7,380 03/11/12 
Stoneridge Shopping Center 4.69%  (38) 293,800  13,785  (2)11/01/09 
Surprise Grand Vista 10.61% 298,161  31,640  (2)12/28/10 
Toki Premium Outlets 1.45%  (12) 19,962  (26) 3,313 10/31/11 
Tosu Premium Outlets 2.20% 20,379  (26) 2,024 01/31/14 
University Storage 6.65%  (1) 5,288  352  (2)07/31/09  (3)
Valley Mall 5.83% 46,602  3,357 06/01/16 
Villabe A6 — Bel'Est 5.68%  (31) 12,917  734  (2)08/31/11 
Village Park Plaza 4.60% 29,850  (17) 1,374  (2)07/01/15 
West Town Corners 4.60% 18,800  (17) 865  (2)07/01/15 
West Town Mall 6.34% 210,000  13,309  (2)12/01/17 
Westchester, The 4.86% 500,000  24,300  (2)06/01/10 

Rinku Premium Outlets 2.34% 31,276  (26) 4,857 10/25/14 
Rushmore Mall 5.79% 94,000  5,446  (2)06/01/16 
Sano Premium Outlets 2.39% 46,214  (26) 7,371 05/31/16 
St. Johns Town Center 5.06% 170,000  8,602  (2)03/11/15 
St. John's Town Center Phase II 6.17%  (1) 17,530  1,082  (2)02/27/07 
Seminole Towne Center 5.97%  (22) 70,000  4,180  (2)07/09/09  (3)
Shops at Sunset Place, The 6.07%  (21) 90,867  7,250 05/09/09  (3)
Smith Haven Mall 5.16% 180,000  9,283  (2)03/01/16 
Solomon Pond 3.97% 113,206  6,505 08/01/13 
Source, The 6.65% 124,000  8,246  (2)03/11/09 
Southern Hills Mall 5.79% 101,500  5,881  (2)06/01/16 
SouthPark Residential 6.72%  (1) 20,319  1,366  (2)10/31/08 
Springfield Mall 6.42%  (1) 76,500  4,913  (2)12/01/10  (3)
Square One 6.73% 90,038  7,380 03/11/12 
Surprise Grand Vista 10.61% 249,306  26,455  (2)12/28/10  (3)
Toki Premium Outlets 1.22%  (12) 21,248  (26) 3,283 10/30/09 
Tosu Premium Outlets 2.60% 10,617  (26) 1,852 08/24/13 
Town Center at Cobb — 1 7.54% 45,383  4,347 04/01/07 
Town Center at Cobb — 2 7.25% 60,303  5,381 04/01/07 
Turzyn Shopping Center 6.32% 24,162  1,528 06/06/14 
University Storage 7.37%  (1) 2,344  173  (2)07/31/09  (3)
Valley Mall 5.83% 47,184  3,357 06/01/16 
Villabe A6 — Bel'Est 4.72%  (31) 11,577  547 08/31/11 
Village Park Plaza 4.60% 29,850  (17) 1,374  (2)07/01/15 
West Town Corners 4.60% 18,800  (17) 865  (2)07/01/15 
West Town Mall 6.90% 76,000  5,244  (2)05/01/08  (25)
Westchester, The 4.86% 500,000  24,300  (2)06/01/10 
Whitehall Mall 6.77% 13,072  1,282 11/01/08 
Wilenska Station Shopping Center 5.12%  (31) 39,524  2,025 08/31/11 
Zakopianka Shopping Center 6.60% 14,865  981 12/28/11 
    
      
 Total Joint Venture Secured Indebtedness at Face Amounts   $7,996,332      

Unsecured Indebtedness:

 

 

 

 

 

 

 

 

 

 

 
Galleria Commerciali Italia — Facility C 4.28%  (28) 61,129  2,618  (2)12/22/08  (3)
    
      
Total Joint Venture Unsecured Indebtedness    61,129      
 
Net Premium on Indebtedness

 

 

 

 

0

 

 

 

 

 

 
 Net Discount on Indebtedness    (1,606)     
    
      
 Total Joint Venture Indebtedness   $8,055,855  (23)     
    
      
Whitehall Mall 6.77% 12,663  1,282 11/01/08 
Wilenska Station Shopping Center 6.08%  (31) 44,091  2,680  (2)08/31/11 
    
      
 Total Joint Venture Secured Indebtedness at Face Amounts   $16,191,865      

Unsecured Indebtedness:

 

 

 

 

 

 

 

 

 

 

 
Galleria Commerciali Italia—Facility C 4.93%  (1) 189,562  (28) 9,348  (2)12/22/08 
Trust Preferred Unsecured Securities 7.38% 100,000  7,375  (2)03/30/09  (3)
    
      
Total Joint Venture Unsecured Indebtedness    289,562      
 
Net Premium on Indebtedness

 

 

 

 

26,350

 

 

 

 

 

 
 Net Discount on Indebtedness    (701)     
    
      
 Total Joint Venture Indebtedness   $16,507,076  (23)     
    
      

(Footnotes on following page)


(Footnotes for preceding pages)


(1)
Variable rate loans based on LIBOR plus interest rate spreads ranging from 37.5 bps to 205 bps. LIBOR as of December 31, 20062007 was 5.32%4.60%.

(2)
Requires monthly payment of interest only.

(3)
Includes applicable extension available at the Operating Partnership's option.

(4)
Loans secured by these eleven Properties are cross-collateralized and cross-defaulted.

(5)
Loans secured by these three Properties are cross-collateralizedDebt is denominated in Euros and cross-defaulted.bears interest at 3 month Euribor + 0.80%. Debt consists of a Euros 14.7 million tranche with Euros 13.6 million is drawn.

(6)
Loans secured by these eleven Properties are cross-collateralized and cross-defaulted.

(7)
Loans secured by these four Properties are cross-collateralized and cross-defaulted.

(8)
Loans secured by these two Properties are cross-collateralized and cross-defaulted.

(9)
Loans secured by these three Properties are cross-collateralized.

(10)
Loans secured by these four Properties are cross-collateralized.

(11)
Simultaneous with the issuance of this loan, the Operating Partnership entered into a $70 million notional amount variable rate swap agreement which is designated as a hedge against this loan. As of December 31, 2006,2007, after including the impacts of this swap, the terms of the loan are effectively $150 million fixed at 3.60% and $70 million variable rate at 5.37%4.60%.

(12)
Variable rate loans based on Yen LIBOR plus interest rate spreads ranging from 50 bps to 187.5 bps. Yen LIBOR as of December 31, 20062007 was 0.4738%0.7025%.

(13)
Lender also participates in a percentage of certain gross receipts above a specified base. This threshold was met and additional interest was paid in 2006.2007.

(14)
Requires semi-annual payments of interest only.

(15)
$3,000,0003,500,000 Credit Facility. As of December 31, 2006,2007, the Credit Facility bears interest at LIBOR + 0.375% and provides for different pricing based upon the Operating Partnership's investment grade rating. As of December 31, 2006, $2.72007, $1.1 billion was available after outstanding borrowings and letter of credits.

(16)
The MOPPRS have an actual maturity of June 15, 2028, but are subject to mandatory redemption on June 15, 2008.

(17)
Loans secured by these five Properties are cross-collateralized and cross-defaulted.

(18)
Debt is denominated in Euros and bears interest at 3 month Euribor + 1.05%. Debt consists of a Euros 269.0258.5 million tranche of which Euros 249.1243.7 million is drawn.

(19)
Our share of consolidated indebtedness was $15,203,980.$16,933,771.

(20)
Loans secured by these four Properties are cross-collateralized and cross-defaulted.

(21)
LIBOR + 0.750%, with LIBOR capped at 7.500%.

(22)
LIBOR + 0.650%, with LIBOR capped at 8.500%.

(23)
Our share of joint venture indebtedness was $3,472,228. Our share of indebtedness for joint ventures excludes our share of indebtedness of $79.5 million in joint venture entities in which a non-controlling interest is held by Gallerie Commerciali Italia, an entity which we have a 49% interest.$6,568,403.

(24)
Represents the fair market value of interest rate swaps entered into by the Operating Partnership.

(25)
The maturity date shown represents the Anticipated Maturity Date of the loan which is typically 10-20 years earlier than the stated Maturity Date of the loan. Should the loan not be repaid at the Anticipated Repayment Date the applicable interest rate shall increase as specified in the loan agreement.

(26)
Amounts shown in US Dollar Equivalent. Yen equivalent 15,950.722,221.8 million

(27)
Debt is denominated in Euros and bears interest at 3 month Euribor + 1.15%. Debt consists of a Euros 255 million tranche which Euros 246.1241.0 million is drawn.

(28)
Debt is denominated in Euros and bears interest at Euribor + 0.650%. Debt consists of a Euros 150 million tranche of which Euros 46.3128.7 million is drawn.

(29)
LIBOR + 0.900%, with LIBOR capped at 8.250%.

(30)
LIBOR + 0.750%, with LIBOR capped at 8.250%.

(31)
Associated with these loans are interest rate swap agreements with a total combined Euro 199.3 million notional amount that effectively fixed these loans at a combined 4.66%4.75%.

(32)
Debt is denominated in Euros and bears interest at 3 month Euribor + 0.70%. Debt consists of a Euros 75 million tranche which Euros 74.8 million is drawn.

(33)
Debt is denominated in Euros and bears interest at 3 month Euribor + 0.80%. Debt consists of a Euros 30 million tranche which Euros 29.0 million is drawn.

(34)
Debt is denominated in Euros and bears interest at 3 month Euribor + 0.65%. Debt consists of a Euros 55 million tranche which Euros 28.0 million is drawn.

(35)
Loans secured by these four Properties are cross-collateralized and cross-defaulted.

(36)
LIBOR + 0.560%, with LIBOR capped at 7.00%.

(37)
LIBOR + 1.950%, with LIBOR capped at 6.00%.

(38)
Associated with these loans are an interest rate swap agreement that effectively fixes the interest rate of the loans.

(39)
Debt is denominated in Chinese Yuan Renuinbi and bears interest at 95% of the People's Republic of China (PBOC) rate. Debt consists of a CNY 250 million tranche which CNY 200 million is drawn.

(40)
Debt is denominated in Chinese Yuan Renuinbi and bears interest at 95% of the People's Republic of China (PBOC) rate. Debt consists of a CNY 250 million tranche which CNY 120 million is drawn.


Mortgage and Other Debt on Portfolio Properties
and Investments in Real Estate
As of December 31, 20062007
(Dollars in thousands)

The changes in mortgages and other indebtedness for the years ended December 31, 2007, 2006 and 2005 2004 are as follows:



 2006
 2005
 2004
 
 2007
 2006
 2005
 
Balance, Beginning of YearBalance, Beginning of Year $14,106,117 $14,586,393 $10,266,388 Balance, Beginning of Year $15,394,489 $14,106,117 $14,586,393 
Additions during period:       Additions during period:       
 New Loan Originations 2,810,239 2,484,264 4,509,640  New Loan Originations 3,362,732 2,810,239 2,484,264 
 Loans assumed in acquisitions and consolidations 192,272  1,387,182  Loans assumed in acquisitions and consolidations 399,545 192,272  
 Net Premium/(Discount) (5,031) (11,328) 132,905  Net Premium/(Discount) and other (1,669) (5,031) (11,328)
Deductions during period:       Deductions during period:       
 Loan Retirements (1,619,148) (2,764,438) (1,652,022) Loan Retirements (1,862,145) (1,619,148) (2,764,438)
 Loans Related to Deconsolidations  (100,022)   Loans Related to Deconsolidations   (100,022)
 Amortization of Net (Premiums)/Discounts (25,784) (33,710) (14,043) Amortization of Net (Premiums)/Discounts (13,661) (25,784) (33,710)
 Scheduled Principal Amortization (64,176) (55,042) (43,657) Scheduled Principal Amortization (60,617) (64,176) (55,042)
 
 
 
   
 
 
 
Balance, End of YearBalance, End of Year $15,394,489 $14,106,117 $14,586,393 Balance, End of Year $17,218,674 $15,394,489 $14,106,117 
 
 
 
   
 
 
 


Item 3.    Legal Proceedings

            OnIn November 15,of 2004, the Attorneys General of Massachusetts, New Hampshire and Connecticut filed complaints in their respective state Superior Courtscourts against us and our affiliate, SPGGC, Inc., alleging that the sale of co-branded, bank-issued gift cards sold in certain Propertiesof our properties violated gift certificate statutes and consumer protection laws in those states. Each of these suits seeks injunctive relief, unspecified civil penalties and disgorgement of any fees determined to be improperly charged to consumers. We filed our own actions for declaratory judgment actionsrelief in Federal district courts in each of the three states. We have also been named as a defendant in two other state court proceedings in New York which have been brought by private parties as purported class actions. They allege violation of state consumer protection and contract laws and seek a variety of remedies, including unspecified damages and injunctive relief.

            With respect to the New Hampshire litigation, on August 1,In 2006, we received a judgment in our favor in the Federal district court in New Hampshire granted our motion for summary judgment and heldHampshire. The First Circuit Court of Appeals affirmed that ruling on May 30, 2007, holding that the current gift card program that has been in existence since September 1, 2005, is a banking product and state law regulation is preempted by Federalfederal banking laws. However,The First Circuit Court of Appeals did not, however, rule on the Attorney General's appealquestion of this judgment in our favor in Federal district court in New Hampshire is pending.whether the gift card program as it existed prior to January 1, 2005, was similarly exempt from state regulation. In February 2007, we entered into a voluntary, no-fault settlement agreement regarding the elements ofwith the New Hampshire action which related to the program that existed before September 1, 2005. This settlement did not have a significant impact on the results of our operations.

            In addition, we are a defendant in three other proceedingsAttorney General relating to the gift card program:Betty Benson and Andrea Nay-Richardson vs. Simon Property Group, Inc., and Simon Property Group, L.P., Superiorprogram in New Hampshire as it existed prior to January 1, 2005. The New Hampshire litigation was dismissed at that time.

            In October 2007, the Second Circuit Court of Cobb County, StateAppeals issued a ruling in the case brought by the Connecticut Attorney General holding that the Connecticut gift card statute could be applied to the gift card program as it existed prior to January 1, 2005, and could prohibit the charging of Georgia, Case No.: 04-1-9617-42, filed December 9, 2004; Christopher Lonner vs. Simon Property Group, Inc., Supreme Courtadministrative fees but could not prohibit the use of the State of NY, County of Westchester, Case No.: 04-2246, filed February 18, 2004; andAliza Goldman, individually andexpiration dates on behalf of all others similarly situated vs. Simon Property Group, Inc., Supreme Court of the State of New York, County of Nassau, filed February 7, 2005. Each of these proceedings has been brought as a purported class action and alleges violation of state consumer protection laws, state abandoned property and contract laws or state statutes regarding gift certificates or gift cards and seeks a variety of remedies including unspecified damages and injunctive relief.cards.

            We believe that we have viable defenses under both state and federal laws to the pending gift card actions.actions in Massachusetts, Connecticut and New York. Although it is not possible to provide any assurance of the ultimate outcome of any of these pending actions, management does not believe that an adverse outcome wouldthey will have aany material adverse effectaffect on our financial position, results of operations or cash flow.

            As previously disclosed, we were a defendant in a suit brought against us by a partner in a partnership in which we previously held ownership in, Mall of America Associates ("MOAA"). Effective November 2, 2006, all parties agreed to settle the lawsuit and all claims with no settlement payment due by either party. We had most currently been a beneficial interest holder in the operations of MOAA which entitled us the right to receive cash flow distributions and capital transaction proceeds, or approximately a 25% interest in the underlying operations. Concurrently with the settlement of the litigation, the Simon family partner in MOAA sold its entire interest in MOAA. We received $102.2 million of capital transaction proceeds related to this transaction, terminating our beneficial interests, which resulted in a gain of $86.5 million.

            We are involved in various other legal proceedings that arise in the ordinary course of our business. We believe that such routine litigation, claims and administrative proceedings will not have a material adverse impact on our financial position or our results of operations. We record a liability when a loss is considered probable and the amount can be reasonably estimated.


Item 4.    Submission of Matters to a Vote of Security Holders

            None.




Part II

Item 5.    Market for the Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities

            There is no established public trading market for our units or preferred units. The following table sets forth for the periods indicated, the distributions declared on the units:


 Declared
Distribution

 Declared Distributions
2006     
1st Quarter $0.76 $0.76
2nd Quarter  0.76 0.76
3rd Quarter  0.76 0.76
4th Quarter  0.76 0.76

2005

 

 

 

2007

 

 
1st Quarter $0.70 $0.84
2nd Quarter  0.70 0.84
3rd Quarter  0.70 0.84
4th Quarter  0.70 0.84

            The number of holders of record of units was 245262 as of February 19, 2007.March 5, 2008.

            We make distributions to our unitholders including Simon Propertylimited and general partners in order to maintain Simon Property's qualification as a REIT. Simon Property is required each year to distribute to its stockholders at least 90% of its taxable income after certain adjustments. Future distributions will be determined at the discretion of theSimon Property's Board of Directors based on actual results of operations, cash available for distribution, and what may be required to maintain Simon Property's status as a REIT.

            During the fourth quarter of 2006, we issued 106,400 units to2007, Simon Property related to employee stock options that were exercised during the quarter. We used the net proceeds from the option exercisedredeemed all of approximately $3.2 million for general working capital purposes. Also during the fourth quarterits outstanding shares of 2006, we issued 8,000,000its Series G Cumulative Redeemable Preferred Stock. Simon Property sold shares of its Series KL Variable Rate Redeemable Preferred Units (Series KStock to an institutional investor for $150.0 million. We issued 6,000,000 Series L Variable Rate Redeemable Preferred Units)Units to Simon Property for cash proceeds in the amount of $200.0$150.0 million. The cash proceeds received from Simon Property were obtained by Simon Property from the sale of a similar series of preferred stock to a single institutional investor. We used the proceeds to fund the redemption of the Series FG Cumulative Redeemable Preferred Units held by Simon Property which in turn thenat the time that Simon Property redeemed a similar series ofits Series G preferred stock. The issuance of theSeries L preferred units and Series K Preferred Unitsother units to Simon Property were exempt from registration under the Securities Act of 1933 as amended, in reliance upon Section 4(2) as private offerings. We redeemed the Series L preferred units in the fourth quarter of 2007 for a price equal to their liquidation value plus accrued dividends.

            On July 26, 2007, the Simon Property Board of Directors authorized the repurchase of up to $1.0 billion of Simon Property common stock over the next twenty-four months as market conditions warrant. Simon Property may repurchase shares in the open market or in privately negotiated transactions. As of December 31, 2007, the program had remaining availability of approximately $950.7 million. There were no purchases under this program during the fourth quarter of 2007. If Simon Property acquires shares, then we would repurchase an equal number of our units from Simon Property.



Item 6.    Selected Financial Data

            The following tables set forth selected financial data. The selected financial data should be read in conjunction with the financial statements and notes thereto and with Management's Discussion and Analysis of Financial Condition and Results of Operations. Other data we believe is important in understanding trends in our business is also included in the tables.



 As of or for the Year Ended December 3l,
 
 As of or for the Year Ended December 31,
 


 2006
 2005
 2004 (1)
 2003 (1)
 2002 (1)
 
 2007
 2006
 2005
 2004 (1)
 2003
 


 (in thousands, except per unit data)

 
 (in thousands, except per unit data)

 
OPERATING DATA:OPERATING DATA:           OPERATING DATA:           
Total consolidated revenue $3,332,154 $3,166,853 $2,567,774 $2,227,373 $2,038,936 Total consolidated revenue $3,650,799 $3,332,154 $3,166,853 $2,585,079 $2,227,373 
Income from continuing operations 719,083 457,328 454,358 433,963 527,888 Income from continuing operations 519,304 563,443 353,407 350,830 433,963 
Net income available to common unitholders $614,911 $510,581 $380,711 $412,532 $482,575 Net income available to common unitholders $436,164 $486,145 $401,895 $300,647 $412,532 
BASIC EARNINGS PER UNIT:BASIC EARNINGS PER UNIT:           BASIC EARNINGS PER UNIT:           
Income from continuing operations $2.20 $1.27 $1.47 $1.48 $1.86 Income from continuing operations $2.09 $2.20 $1.27 $1.49 $1.48 
Discontinued operations  0.55 (0.04) 0.18 0.13 Discontinued operations (0.13)  0.55 (0.04) 0.18 
 
 
 
 
 
   
 
 
 
 
 
Net income $2.20 $1.82 $1.43 $1.66 $1.99 Net income $1.96 $2.20 $1.82 $1.45 $1.66 
 
 
 
 
 
   
 
 
 
 
 
Weighted average units outstanding 279,567 279,825 265,405 248,926 242,041 Weighted average units outstanding 281,035 279,567 279,825 265,405 248,926 
DILUTED EARNINGS PER UNIT:DILUTED EARNINGS PER UNIT:           DILUTED EARNINGS PER UNIT:           
Income from continuing operations $2.19 $1.27 $1.47 $1.47 $1.86 Income from continuing operations $2.08 $2.19 $1.27 $1.48 $1.47 
Discontinued operations  0.55 (0.04) 0.18 0.13 Discontinued operations (0.13)  0.55 (0.04) 0.18 
 
 
 
 
 
   
 
 
 
 
 
Net income $2.19 $1.82 $1.43 $1.65 $1.99 Net income $1.95 $2.19 $1.82 $1.44 $1.65 
 
 
 
 
 
   
 
 
 
 
 
Diluted weighted average units outstanding 280,471 280,696 266,272 249,750 243,631 Diluted weighted average units outstanding 281,813 280,471 280,696 266,272 249,750 
Distributions per unit (2) $3.04 $2.80 $2.60 $2.40 $2.18 Distributions per unit (2) $3.36 $3.04 $2.80 $2.60 $2.40 
BALANCE SHEET DATA:BALANCE SHEET DATA:           BALANCE SHEET DATA:           
Cash and cash equivalents $929,360 $337,048 $519,556 $529,036 $390,644 Cash and cash equivalents $501,982 $929,360 $337,048 $520,084 $529,036 
Total assets 22,084,455 21,131,039 21,921,902 15,522,063 14,741,116 Total assets 23,605,662 22,084,455 21,131,039 22,070,019 15,522,063 
Mortgages and other indebtedness 15,394,489 14,106,117 14,586,393 10,266,388 9,546,081 Mortgages and other indebtedness 17,218,674 15,394,489 14,106,117 14,586,393 10,266,388 
Partners' equity $5,089,868 $5,489,518 $5,779,870 $4,213,993 $4,328,196 Partners' equity $3,563,383 $3,979,642 $4,307,296 $4,642,606 $4,213,993 
OTHER DATA:OTHER DATA:           OTHER DATA:           
Cash flow provided by (used in):           Cash flow provided by (used in):           
 Operating activities $1,273,367 $1,170,371 $1,079,092 $945,092 $880,279  Operating activities $1,455,745 $1,273,367 $1,170,371 $1,080,532 $945,092 
 Investing activities (601,851) (51,906) (2,742,542) (760,000) (784,495) Investing activities (2,036,921) (601,851) (52,434) (2,745,697) (760,000)
 Financing activities $(79,204)$(1,300,973)$1,653,970 $(46,700)$42,688  Financing activities $153,798 $(79,204)$(1,300,973)$1,649,626 $(46,700)
Ratio of Earnings to Fixed Charges (3) 1.73x 1.56x 1.63x 1.65x 1.80x Ratio of Earnings to Fixed Charges (3) 1.53x 1.73x 1.56x 1.63x 1.65x 
 
 
 
 
 
   
 
 
 
 
 

Notes

(1)
On October 14, 2004 Simon Propertywe acquired the former Chelsea Property Group, Inc. On May 3, 2002, Simon Property and other parties jointly acquired Rodamco North America N.V. In the accompanying financial statements, Note 2 describes the basis of presentation and Note 4 describes acquisitions and disposals.

(2)
Represents distributions declared per period.

(3)
The ratios for 2004 2003, and 20022003 have been restated for the reclassification of discontinued operations described in Note 3. 2002 includes $162.0 million of gains on sales of assets, net, and excluding these gains the ratio would have been 1.42x.


Item 7.    Management's Discussion and Analysis of Financial Condition and Results of Operations

            You should read the following discussion in conjunction with the consolidated financial statements and notes thereto that are included in this report. Certain statements made in this section or elsewhere in this report may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained, and it is possible that our actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties. Those risks and uncertainties include, but are not limited to: our ability to meet debt service requirements, the availability of financing, changes in our credit rating, changes in market rates of interest and foreign exchange rates for foreign currencies, the ability to hedge interest rate risk, risks associated with the acquisition, development and expansion of properties, general risks related to retail real estate, the liquidity of real estate investments, environmental liabilities, international, national, regional and local economic climates, changes in market rental rates, trends in the retail industry, relationships with anchor tenants, the inability to collect rent due to the bankruptcy or insolvency of tenants or otherwise, risks relating to joint venture properties, costs of common area maintenance, competitive market forces, risks related to international activities, insurance costs and coverage, impact of terrorist activities, inflation and maintenance of Simon Property's REIT status. We discuss these and other risks and uncertainties under the heading "Risk Factors" in our Annual Report on Form 10-K. The risks and uncertainties could cause our actual results to differ materially from the forward-looking statements that we make. We may update that discussion in subsequent quarterly reports, but otherwise we undertake no duty or obligation to update or revise these forward-looking statements, whether as a result of new information, future developments, or otherwise.

Overview

            Simon Property Group, L.P. is a Delaware limited partnership and a majority ownedthe majority-owned subsidiary of Simon Property Group, Inc. In this report,discussion, the terms the "Operating Partnership", "we", "us" and "our" refer to Simon Property Group, L.P. and its subsidiaries and the term "Simon Property" refers specifically to Simon Property Group, Inc.

            We are engaged in the ownership, development,own, develop, and management ofmanage retail real estate properties, primarily regional malls, Premium Outlet® centers, The Mills®, and community/lifestyle centers. As of December 31, 2006,2007, we owned or held an interest in 286 income-producing320 income- producing properties in the United States, which consisted of 171168 regional malls, 6967 community/lifestyle centers, 3638 Premium Outlet centers, 37 properties acquired in the Mills acquisition, and 10 other shopping centers or outlet centers in 3841 states plus Puerto Rico (collectively,Rico. Of the "Properties",37 Mills properties acquired, 17 of these are The Mills, 16 are regional malls, and individually, a "Property").four are community centers. We also own interests in fivefour parcels of land held in the United States for future development (together with the Properties, the "Portfolio").development. In the United States, we have fivefour new properties currently under development aggregating approximately 3.52.75 million square feet which will open during 2007 or early 2008. Internationally, we have ownership interests in 5351 European shopping centers (France, Italy, and Poland); fivesix Premium Outlet centers in Japan;Japan, one Premium Outlet center in Mexico, and one Premium Outlet center in Mexico. We also have begun construction on a Premium Outlet center in which we will hold a 50% interest located in South Korea and,Korea. Also, through a joint venture arrangement, we will have a 32.5% interest in five shopping centers (four of which are under construction)construction in China.

Operating Fundamentals

            We generate the majority of our revenues from leases with retail tenants including:

Base minimum rents, and cart and kiosk rentals,

Overage and percentage rents based on tenants' sales volume, and

Recoveries of a significant portionsubstantially all of our recoverable expenditures, which consist of property operating, expenses, including common area maintenance, real estate taxes, repair and insurance.maintenance, and advertising and promotional expenditures.

            Revenues of our management company, after intercompany eliminations, consist primarily of management fees that are typically based upon the revenues of the property being managed.

            We seek growth in our earnings and cash flows by enhancing the profitability and operation of our properties and investments. We seek to accomplish this growth through the following:

Focusing on leasing to increase revenues and utilization of economies of scale to reduce operating expenses,

Expanding and re-tenanting existing franchise locations at competitive market rates,


Adding mixed-use elements to our Portfolioproperties through our asset intensification initiatives. This may include adding elements such asinitiatives, including the addition of multifamily housing, condominiums, hotelhotels and self-storage at selected locations,facilities,

The acquisition ofAcquiring high quality real estate assets or portfolios of assets, and

Selling non-core assets.

            We also grow by generating supplemental revenues in our existing real estate portfolio, from outlot parcel sales and, due to our size and tenant relationships, from the following:following activities:

Simon Brand Ventures ("Simon Brand") mall marketing initiatives revenue sources which include:Establishing our malls as leading market resource providers for retailers and other businesses and consumer-focused corporate alliances, including: payment systems (including marketinghandling fees relating to the sales of bank-issued prepaid cards), national marketing alliances, static and digital media initiatives, business development, sponsorship, and events.events,

Simon Business Network ("Simon Business") offersOffering property operating services to our tenants and others, resulting from its relationships with vendors.including: waste handling and facility services, as well as major capital expenditures such as roofing, parking lots and energy systems,

Selling or leasing land adjacent to our shopping center properties, commonly referred to as "outlots" or "outparcels," and,

Generating interest income on cash deposits and loans made to related entities.

            We focus on high quality real estate across the retail real estate spectrum. We expand or renovate to enhance existing assets' profitability and market share when we believe the investment of our capital meets our risk-reward criteria. We selectively develop new properties in major metropolitan areas that exhibit strong population and economic growth.

            We routinely review and evaluate acquisition opportunities based on their ability to complement to our Portfolio.portfolio. Lastly, we are selectively expanding our international presence. Our international strategy includes partnering with established real estate companies and financing international investments with local currency to minimize foreign exchange risk.

            To support our overall growth, goals, we employ a three-fold capital strategy:

Provide the capital necessary to fund growth.growth,

Maintain sufficient flexibility to access capital in many forms, both public and private.private, and

Manage our overall financial structure in a fashion that preserves our investment grade credit ratings.

Results Overview

            Diluted earnings per common unit increased $0.37decreased $0.24 during 2006,2007, or 20.3%11.0%, to $1.95 from $2.19 from $1.82 for 2005.2006. The 2007 results include $19.0 million of lease settlements related to two department store closures, our share of the gain on sale of assets in Poland of $90.6 million, and $39.1 million of interest income attributable to loans made to The Mills Corporation and its majority-owned subsidiary, The Mills Limited Partnership (collectively "Mills") and SPG-FCM Ventures, LLC ("SPG-FCM"), net of inter-entity eliminations, and increases in portfolio operations. Also included in 2007 were $28.0 million in losses on sale of discontinued operations (net of limited partners' interest) and a $35.6 million charge, net-of-tax benefit, related to the impairment of our investment in an Arizona land joint venture investment. Included in the 2006 results includeis a $34.4 million gain (or $0.12 per diluted unit) from the sale of partnership interests in Simon Ivanhoe, S.i.r.l., or Simon Ivanhoe, one of our European joint ventures, to oura new partner, Ivanhoe Cambridge, Inc. ("Ivanhoe"), an affiliate of Caisse de dépôt et placement du Québec, an $86.5 million gain related to our receipt of capital transaction proceeds, and recognition of $15.6 million in income during 2006 (aggregating $0.36 per diluted unit) from contributeda property in which we had a beneficial interests,interest, representing the right to receive cash flow, capital distributions, and related profits and losses, of Mall of America Associates ("MOAA"), and increases in Portfolioportfolio operations. Included in 2005 results is a $125.1 million gain (or $0.45 per diluted unit) realized upon the disposition of the Riverway and O'Hare International Center office building properties.

            Our coreCore business fundamentals remained strong during 2006.2007. Regional mall comparable sales per square foot ("psf") strengthenedincreased in 2007, by 3.2% to $491 psf from $476 psf in 2006, increasing 5.8% to $476 psf from $450 psf in 2005, reflecting robuststable retail sales activity. Our regional mall average base rents increased 2.6%4.8% to $35.38$37.09 psf from $34.49$35.38 psf. In addition, our regional mall leasing spreads were $5.64 psf as of December 31, 2007, compared to $6.48 psf as of December 31, 2006, compared to $7.40 psf as of December 31, 2005, principally as a result of changesleasing larger "big box" spaces in leasing mix.2007, which are generally at a lower rent per square foot as compared to traditional in-line retail stores. The operating fundamentals of the Premium Outlet centers, The Mills centers, and community/lifestyle centers also contributed to the improved 20062007 operating results, as seen in the following section entitled "United States Portfolio Data.Data". Finally, regional mall occupancy was 93.5% as of December 31, 2007, as compared to 93.2% as of December 31, 2006,2006.

            During 2007, SPG-FCM, an entity in which we indirectly hold a 50% interest, completed the Mills acquisition, which adds an additional 37 properties and over 42 million square feet of gross leasable area to our portfolio. The properties are generally located in major metropolitan areas and consist of a combination of traditional anchor tenants, local and national retailers, and a number of larger "big box" tenants. The acquisition required an equity investment of $650.0 million by us, as comparedwell as our providing loans to 93.1% asSPG-FCM and Mills in various amounts throughout 2007 to effect the initial successful tender offer, and to acquire all remaining common and preferred equity, and to pay various costs of December 31, 2005. During 2006, we disposed of three consolidated properties that had an aggregate book value of $39.4 million for aggregate sales proceeds of $43.9 million, resulting in a net gain on sale of $4.5 million.the transaction. We also sold a property accounted for underserve as manager of the equity method of accounting for $8.8 millionproperties acquired in this transaction, which is more fully discussed in the "Liquidity and recorded a gain of $7.7 million on its disposition.Capital Resources" section.

            We continue to identify additional opportunities in various international markets. We lookcontinue to continue focus on our joint venture interests in Europe, Japan, and other market areas abroad. In 2005, we realigned the interests in Simon Ivanhoe S.à.r.l. ("Simon Ivanhoe") with the result that our ownership and that of our new partner's ownershippartner, Ivanhoe Cambridge, Inc., were increased to 50% each in the first quarter of 2006. In 2006,2007, we increased our presence in Europe and Asia with the opening of Gliwice Shopping CenterCinisello in Poland,Italy, a 380,000376,000 square-foot center, Porta di Roma in Italy, a 1,300,000 square-foot center, Nola-Vulcano Buono in Italy, a 876,000 square-foot center, Yeoju Premium Outlets in South Korea, a 250,000 square-foot center, and GiuglianoKobe-Sanda Premium Outlets in Italy,Japan, a 748,000194,000 square foot center.



We also opened expansions to a Premium



Outlet center in Toki, Japan and a shopping center in Wasquehal, France. We expect international development and redevelopment/expansion activity for 20072008 to include:

Continuing construction by our Italian joint venture, Gallerie Commerciali Italia ("GCI"),GCI, of fourthree shopping centerscenters: one in Napoli, Roma, Nola (Napoli),Naples, and Milanotwo in Sicily with a total gross leasable area, ("GLA")or GLA, of nearly 3.01.2 million square feet;

Completing and opening of Kobe-SandaSendai Izumi Premium Outlets Phase 1, a 185,000172,000 square foot Premium Outlet center located in Kobe, Japan, in which weJapan. We hold a 40% ownership interest;interest in this property; and

Completing and opening of Yeoju Premium Outlets, a 253,000 square foot Premium Outlet center located in South Korea. We hold a 50% ownership interest this property;one and
Continuing continuing construction on four additional Wal-Mart anchored shopping centers, and commencement of a fifth shopping center, all located in China. We hold a 32.5% ownership interest in these centers.

            Despite a significantly increasing interest rate environment that resulted in an approximate 9315 basis point increase in the average LIBOR (5.32% at December 31, 2006,rate for the year as compared to the prior year (5.25% for 2007 versus 4.39% at December 31, 2005)5.10% for 2006), our effective overall borrowing rate for the twelve monthsyear ended December 31, 2006,2007 decreased fivethirty basis points as compared to the twelve monthsyear ended December 31, 2005.2006. Our consolidated financing activities for the twelve monthsyear ended December 31, 2006, are highlighted by the following:2007 included:

We repaid $609.1 million$1.1 billion in unsecured notes and term loans that bore interest ranging from 6.875%6.38% to 7.38%7.25%.

We paid off sevenrepaid four mortgages unencumbering four properties, totaling $275.8$191.3 million that bore interest at fixed rates ranging from 6.76%7.65% to 8.25% and a variable rate of LIBOR plus 138 basis points.9.38%.

We made the final $600 million payment on the facility we used to fund the cash portion ofincreased our 2004 acquisition of Chelsea Property Group, Inc. ("Chelsea").
On March 31, 2006, Standard & Poor's Rating Services raised our corporate credit rating to ‘A-‘ from ‘BBB+‘ which resulted in a decrease in the interest rate applicable to borrowings on our $3.5 billion unsecured revolving $3 billion credit facility (the "Credit Facility") to 37.5 basis points over LIBOR from 42.5 basis points over LIBOR. The revision to our rating also decreased the facility fee on the Credit Facility to 12.5 basis points from 15 basis points.
We issued two tranches of senior unsecured notes in May totaling $800 million at a weighted average fixed interest rate of 5.93%. We used the net proceeds of $803.9 million, which includes $10.1 million proceeds from terminated forward-starting swap arrangements, to reduce the borrowings on our Credit Facility.
We issued two tranches of senior unsecured notes in August totaling $1.1 billion at a weighted average fixed interest rate of 5.73%. We used the proceeds of the offering to reduce borrowings on our Credit Facility.
We issued two tranches of senior unsecured notes in December totaling $1.25 billion at a weighted average fixed interest rate of 5.13%. We used the proceeds of the offering to reduce borrowings on our Credit Facility and reinvested the remaining $577.4 million to be used for general working capital purposes.
The outstanding balance of our Credit Facility decreased to approximately $305.1 million$2.4 billion during the twelve months ended December 31, 2007. At December 31, 2006, principallythere were no outstanding amounts on the U.S.-denominated portion of our credit facility, and the multicurrency portion of our credit facility had a balance of $305.1 million. The increase was as a result of our $650 million equity funding commitment to SPG-FCM in relation to the above repayments. The December 31, 2006 outstanding balance consistedMills acquisition, funding of Euroa loan to SPG-FCM totaling $548 million, the funding of our share of development costs for consolidated and Yen denominated borrowings only.joint venture property development and redevelopment and expansion opportunities, our other consolidated acquisition activity, and the retirement of unsecured notes.

As a result of the Mills acquisition, we now have a majority ownership interest in Gwinnett Place and Town Center at Cobb, and we now consolidate those two properties. Included in this consolidation were two mortgages secured by Gwinnett Place of $35.6 million and $79.2 million at fixed rates of 7.54% and 7.25%, respectively, and two mortgages secured by Town Center at Cobb of $45.4 million and $60.3 million at fixed rates of 7.54% and 7.25%, respectively. On May 23, 2007, we refinanced Gwinnett Place and Town Center at Cobb with $115.0 million and $280.0 million mortgages at fixed rates of 5.68% and 5.74% respectively.

We placed a $200.0 million fixed-rate mortgage on Independence Center, a regional mall property, on July 10, 2007 which matures on July 10, 2017 and bears a rate of 5.94%.

As a result of the acquisition of the remaining 50% interest in MallLas Americas Premium Outlets on August 23, 2007, we assumed its $180.0 million fixed-rate mortgage that matures June 11, 2016 and bears a rate of Georgia on November 1, 2006, we now own 100% of the mall, and the property was consolidated as of the acquisition date. This included the consolidation of the $192.0 million fixed rate mortgage on this property.5.84%.

United States Portfolio Data

            The Portfolioportfolio data discussed in this overview includes the following key operating statistics: occupancy; average base rent per square foot; and comparable sales per square foot for our threefour domestic platforms. We include acquired Propertiesproperties in this data beginning in the year of acquisition and remove properties sold in the year disposed. We do not include any Propertiesproperties located outside of the United States. The following table sets forth these key operating statistics for:

Propertiesproperties that are consolidated in our consolidated financial statements,
Propertiesproperties we account for under the equity method of accounting as joint ventures, and
the foregoing two categories of Propertiesproperties on a total Portfolioportfolio basis.


 2006
 %/basis points
Change (1)

 2005
 %/basis points
Change (1)

 2004
 %/basis point
Change (1)

 2007
 %/basis points
Change(1)

 2006
 %/basis points
Change(1)

 2005
 %/basis points
Change(1)

Regional Malls:                           
Occupancy                           
Consolidated  93.0%   -30 bps  93.3% +60 bps  92.7% +50 bps 93.9% +90 bps 93.0% -30 bps 93.3% +60 bps
Unconsolidated  93.5% +80 bps  92.7% +10 bps  92.6% -10 bps 92.7% -80 bps 93.5% +80 bps 92.7% +10 bps
Total Portfolio  93.2% +10 bps  93.1% +40 bps  92.7% +30 bps 93.5% +30 bps 93.2% +10 bps 93.1% +40 bps

Average Base Rent per Square Foot

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
            
Consolidated $34.79 2.2% $34.05 3.8% $32.81 4.9% $36.24 4.2% $34.79 2.2% $34.05 3.8%
Unconsolidated $36.47 3.3% $35.30 1.5% $34.78 3.1% $38.73 6.2% $36.47 3.3% $35.30 1.5%
Total Portfolio $35.38 2.6% $34.49 3.0% $33.50 3.8% $37.09 4.8% $35.38 2.6% $34.49 3.0%

Comparable Sales Per Square Foot

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Comparable Sales per Square Foot            
Consolidated $462 6.2% $435 5.8% $411 5.9% $472 2.2% $462 6.2% $435 5.8%
Unconsolidated $505 5.6% $478 3.9% $460 7.8% $530 4.9% $505 5.6% $478 3.9%
Total Portfolio $476 5.8% $450 5.4% $427 6.1% $491 3.2% $476 5.8% $450 5.4%

Premium Outlet Centers:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
            
Occupancy  99.4% -20 bps  99.6% +30 bps  99.3%  99.7% +30 bps 99.4% -20 bps 99.6% +30 bps
Average Base Rent per Square Foot $24.23 4.6% $23.16 6.0% $21.85  $25.67 5.9% $24.23 4.6% $23.16 6.0%
Comparable Sales Per Square Foot $471 6.1% $444 7.8% $412 
Comparable Sales per Square Foot $504 7.0% $471 6.1% $444 7.8%
The Mills®:            
Occupancy 94.1%     
Average Base Rent per Square Foot $19.06     
Comparable Sales per Square Foot $372     
Mills Regional Malls:            
Occupancy 89.5%     
Average Base Rent per Square Foot $35.63     
Comparable Sales per Square Foot $444     

Community/Lifestyle Centers:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
            
Occupancy                           
Consolidated  91.5% +200 bps  89.5% -100 bps  90.5% +340 bps 92.9% +140 bps 91.5% +200 bps 89.5% -100 bps
Unconsolidated  96.5% +40 bps  96.1% -140 bps  94.7% -160 bps 96.6% +10 bps 96.5% +40 bps 96.1% -140 bps
Total Portfolio  93.2% +160 bps  91.6% -30 bps  91.9% +170 bps 94.1% +90 bps 93.2% +160 bps 91.6% -30 bps

Average Base Rent per Square Foot

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
            
Consolidated $11.90 1.7% $11.70 5.2% $11.12 1.0% $12.73 7.0% $11.90 1.7% $11.70 5.2%
Unconsolidated $11.68 8.0% $10.81 3.1% $10.49 7.4% $11.85 1.5% $11.68 8.0% $10.81 3.1%
Total Portfolio $11.82 3.6% $11.41 4.6% $10.91 3.0% $12.43 5.2% $11.82 3.6% $11.41 4.6%

Comparable Sales Per Square Foot

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Consolidated $233 2.2% $228 2.7% $222 5.5%
Unconsolidated $202 (1.0%) $204 2.0% $200 (2.9%)
Total Portfolio $222 0.9% $220 2.3% $215 2.9%

(1)
Percentages may not recalculate due to rounding.

            Occupancy Levels and Average Base Rent Per Square Foot.    Occupancy and average base rent are based on mall and freestanding Gross LeaseableLeasable Area, ("GLA")or GLA, owned by us ("Owned GLA") in the regional malls, all tenants at The Mills and the Premium Outlet centers, and all tenants at community/lifestyle centers. Our Portfolioportfolio has maintained stable occupancy and increased average base rents despite the current economic climate.


            Comparable Sales Per Square Foot.    Comparable sales include total reported retail tenant sales at Ownedowned GLA (for mall and freestanding stores with less than 10,000 square feet) in the regional malls, and all reporting tenants at The Mills and the Premium Outlet centers and community/lifestyle centers. Retail sales at Ownedowned GLA affect revenue and profitability levels because sales determine the amount of minimum rent that can be charged, the percentage rent realized, and the recoverable expenses (common area maintenance, real estate taxes, etc.) that tenants can afford to pay.


International Property Data

            The following key operating statistics are provided for our international properties which are accountedwe account for using the equity method of accounting.


 2006
 2005
 2004
 2007
 2006
 2005
European Shopping Centers            
Occupancy 97.1% 98.1% 96.0% 98.7% 97.1% 98.1%
Comparable sales per square foot €391 €380 €386 €421 €391 €380
Average rent per square foot €26.29 €25.72 €25.03 €29.58 €26.29 €25.72

International Premium Outlet Centers (1)

 

 

 

 

 

 

International Premium Outlet Centers(1)

 

 

 

 

 

 
Occupancy 100% 100% 100% 100% 100% 100%
Comparable sales per square foot ¥89,238 ¥84,791 ¥88,925 ¥93,169 ¥89,238 ¥84,791
Average rent per square foot ¥4,646 ¥4,512 ¥4,358 ¥4,626 ¥4,646 ¥4,512

(1)
Does not include our center in Mexico (Premium Outlets Punta Norte), which opened December 2004.2004, or our center in South Korea (Yeoju Premium Outlets), which opened in June 2007.

Critical Accounting Policies

            The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America, or GAAP, requires management to use judgment in the application of accounting policies, including making estimates and assumptions. We base our estimates on historical experience and on various other assumptions believed to be reasonable under the circumstances. These judgments affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenue and expenses during the reporting periods. If our judgment or interpretation of the facts and circumstances relating to various transactions had been different, it is possible that different accounting policies would have been applied resulting in a different presentation of our financial statements. From time to time, we evaluate our estimates and assumptions. In the event estimates or assumptions prove to be different from actual results, adjustments are made in subsequent periods to reflect more current information. Below is a discussion of accounting policies that we consider critical in that they may require complex judgment in their application or require estimates about matters that are inherently uncertain. For a summary of all of our significant accounting policies, see Note 3 of the Notes to Consolidated Financial Statements.

We, as a lessor, retain substantially all of the risks and benefits of ownership of the investment properties and account for our leases as operating leases. We accrue minimum rents on a straight-line basis over the terms of their respective leases. Substantially all of our retail tenants are also required to pay overage rents based on sales over a stated base amount during the lease year. We recognize overage rents only when each tenant's sales exceeds its sales threshold.
We review Propertiesinvestment properties for impairment on a case-by-caseproperty-by-property basis whenever events or changes in circumstances indicate that ourthe carrying value of investment properties may not be recoverable. These circumstances include, but are not limited to, declines in cash flows, occupancy and comparable sales per square foot. Changes in our estimates offoot at the future undiscounted cash flows as well as the holding period for each Property could affect our conclusion on whether an impairment charge is necessary.property. We recognize an impairment of investment property when we estimate that the estimated undiscounted cash flows areoperating income before depreciation and amortization plus its residual value is less than the carrying value of the Property.property. To the extent an impairment has occurred, we charge to income the excess of the carrying value of the Propertyproperty over its estimated fair value. We may decide to sell Propertiesproperties that are held for use and the salessale prices of these Propertiesproperties may differ from their carrying values.
To maintain Simon Property's qualification as a REIT under the Internal Revenue Code, of 1986, as amended (the "Code"), Simon Property is required to distribute at least 90% of its taxable income in any given year and meet certain asset and income