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Simon Property Accumulates $8.7 Billion to Navigate Pandemic

Collection of Cash, Credit to Help Firm Reopen Shopping Centers

Simon Property Group expects 50% of its shopping centers and malls to be open by next week. Already 77 shopping centers, such as Lenox Square in Atlanta, are open. (Simon Property Group)
Simon Property Group expects 50% of its shopping centers and malls to be open by next week. Already 77 shopping centers, such as Lenox Square in Atlanta, are open. (Simon Property Group)

Simon Property Group has amassed $8.7 billion in cash and credit to help push forward the reopening of U.S. shopping centers shut temporarily during the coronavirus pandemic.

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