Portfolios
Owners · portfolio

Simon Property Group

14 tracked holdings · avg cap 5.22%
Gross tracked value
$17.0B
Recorded debt
$3.5B
Markets
13

Ownership-chain cross-check

Chain-entity view
Tagged portfolio: 14 assets. Simon Property Group, Inc. appears in the recorded ownership chains of 15 assets.
In recorded chains, not tagged:

Track record

sourced
GLEIF-verifiedSIMON PROPERTY GROUP, INC. · US-IN529900GQL5X8H7AO3T64not consolidated by any parentGLEIF record
OFAC SDN screen: no name match.verify at OFAC
Disclosed deals
1
Disclosed volume
$604M
Span
2025
Sides
0 bought · 0 sold · 1 owner
Asset · dealRoleDisclosed valueYearSource
GREATMALGreat Mall
Gross carrying amount at 12/31/2025 per Simon Property Group FY2025 Form 10-K, Schedule III (land $69,853K + buildings and improvements $534,637K = $604,490K; accumulated depreciation $249,979K). HISTORICAL COST, NOT MARKET VALUE. Simon's property table states 100.0% ownership interest and tenure 'Fee and Ground Lease (2049)' with footnote (7) — the ground lease covers less than 50% of the acreage. Acquired 2007 inside The Mills Corporation portfolio, so no single-asset transaction comp exists.
Owner of record$604M2025Simon Property Group FY2025 Form 10-K (SEC EDGAR)
Disclosed transactions only — the record's own wording sets the side; “owner of record” means the deal names Simon Property Group as the resulting owner without stating buyer or seller. Partial-interest deals show the stated gross valuation. Fund vintage, AUM and IRR are private figures outside the public record and are not shown.

Exposure

modeled where undisclosed
Largest position
14%
Top market
14%
Top class
90%
Largest: Aventura Mall ($2.5B) · top market Aventura, Florida · top class Retail. Shares of $18.1B across 15 tracked assets — full asset values, not this entity’s share; 3 of 15 carry a disclosed deal value, the rest are modeled.

Counterparty concentration

sourced
Lenders across the recorded debt of Simon Property Group’s tracked assets — outstanding, publicly recorded tranches plus SEC ABS-EE CMBS trust notes.
Counterparties
6
Recorded principal
$3.5B
CMBS trust notes
$91M
CounterpartyRecordAssetsPrincipalSource
J.P. Morgan Chase, Deutsche Bank, Morgan Stanley and Wells Fargorecorded debt1$1.8Bfiling
Bank of Americarecorded debt1$1.2Bfiling
Banc of America Merrill Lynch / Wells Fargo Bank, N.A. / Barclays Bank PLC / Societe Generalerecorded debt1$585Mfiling
BBCMS Mortgage Trust 2023-5C23CMBS trust1$56Mfiling
CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-B1CMBS trust1$20Mfiling
BENCHMARK 2019-B9 Mortgage TrustCMBS trust1$15Mfiling
CMBS principal is the cited trust's pari-passu note only — a slice of a larger whole loan, not the full mortgage on the building. A trust note can also be a slice of a loan already recorded above, so the two totals are shown separately, never summed. Tranches whose lender is not publicly named count toward principal but are never listed as a counterparty.

Cross-collateral signal

No single recorded lender spans multiple assets of this entity.

Exposure by market

Aventura, Florida$2.5B · 15%
Houston, TX$2.0B · 12%
Short Hills, NJ$1.6B · 9%
Atlanta, Georgia$1.6B · 9%
King of Prussia, PA$1.5B · 9%
Garden City (East Garden City), New York$1.5B · 9%
Central Valley (Woodbury), New York$1.4B · 8%
Sunrise, Florida$1.3B · 8%
Torrance, California$1.0B · 6%
Las Vegas$900M · 5%
Milpitas, California$604M · 4%
Palo Alto, California$589M · 3%
West Hartford, CT$548M · 3%

Class mix

Retail$16.3B · 96%
Mixed-use$700M · 4%
NAV bridgeLocked · Analyst
Gross value → recorded debt → implied equity across the holdings.
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Debt maturity wallLocked · Analyst
Recorded principal bucketed by maturity year across the holdings.
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Tenant concentration

Named tenants appearing across the tracked holdings — roster samples, not full rent rolls.
Nordstrom · 7 buildingsMacy's · 7 buildingsNeiman Marcus · 5 buildingsBloomingdale's · 5 buildingsDick's Sporting Goods · 3 buildingsJCPenney · 3 buildingsSaks Fifth Avenue · 2 buildingsPrimark · 2 buildings

Holdings

Trust
AVENTURAAventura MallAventura, Florida · Retail · 4.70% cap · +4.2% YTDAventura, FloridaRetail$2.50B4.70%$893$118M2.80M+4.2%partial, 3 sources
THEGALLEThe Galleria HoustonHouston, TX · Retail · 5.30% cap · +2.0% YTDHouston, TXRetail$2.00B5.30%$833$106M2.40M+2.0%partial, 3 sources
MALLATSHMall at Short HillsShort Hills, NJ · Retail · 4.60% cap · +3.2% YTDShort Hills, NJRetail$1.60B4.60%$1,231$74M1.30M+3.2%partial, 2 sources
KINGOFPRKing of Prussia MallKing of Prussia, PA · Retail · 5.80% cap · +2.7% YTDKing of Prussia, PARetail$1.50B5.80%$517$87M2.90M+2.7%partial, 2 sources
ROOSEVELRoosevelt FieldGarden City (East Garden City), New York · Retail · 4.80% cap · +0.0% YTDGarden City (East Garden City), New YorkRetail$1.50B4.80%$909$72M1.65M+0.0%partial, 2 sources
WOODBURYWoodbury Common Premium OutletsCentral Valley (Woodbury), New York · Retail · 4.80% cap · +0.0% YTDCentral Valley (Woodbury), New YorkRetail$1.40B4.80%$1,647$67M0.85M+0.0%partial, 1 sources
SAWGRASSSawgrass MillsSunrise, Florida · Retail · 4.80% cap · +0.0% YTDSunrise, FloridaRetail$1.30B4.80%$548$62M2.37M+0.0%partial, 2 sources
DELAMOFADel Amo Fashion CenterTorrance, California · Retail · 4.80% cap · +0.0% YTDTorrance, CaliforniaRetail$1.00B4.80%$397$48M2.52M+0.0%partial, 3 sources
THEFORUMThe Forum Shops at Caesars PalaceLas Vegas · Retail · 4.80% cap · +0.0% YTDLas VegasRetail$900M4.80%$1,333$43M0.68M+0.0%partial, 2 sources
LENOXSQULenox SquareAtlanta, Georgia · Retail · 4.80% cap · +0.0% YTDAtlanta, GeorgiaRetail$900M4.80%$577$43M1.56M+0.0%partial, 2 sources
PHIPPSPLPhipps PlazaAtlanta, Georgia · Mixed-use · 4.85% cap · +0.0% YTDAtlanta, GeorgiaMixed-use$700M4.85%$850$34M0.82M+0.0%partial, 2 sources
GREATMALGreat MallMilpitas, California · Retail · 6.00% cap · +0.0% YTDMilpitas, CaliforniaRetail$604M6.00%$443$36M1.37M+0.0%verified, 2 sources
STANFSHPStanford Shopping CenterPalo Alto, California · Retail · 5.75% cap · +0.0% YTDPalo Alto, CaliforniaRetail$589M5.75%$446$34M1.32M+0.0%verified, 2 sources
WESTFARMWestfarmsWest Hartford, CT · Retail · 7.25% cap · +0.0% YTDWest Hartford, CTRetail$548M7.25%$1,091$40M0.50M+0.0%verified, 2 sources
YTD, cap rates and $/SF (tracked value ÷ area) are modeled estimates — the trust dot counts actual sourced categories per asset.