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Large Mall Owner May Invest in More Retailers

Simon Property Group CEO Tells Analysts It Has the Cash to Help Troubled Chains Stay in Business
Simon Property Group, owner of Charlotte Premium Outlets in Charlotte, North Carolina, isn't ruling out buying distressed retailers at its malls. (Simon Property Group)
Simon Property Group, owner of Charlotte Premium Outlets in Charlotte, North Carolina, isn't ruling out buying distressed retailers at its malls. (Simon Property Group)
By Jennifer Waters
CoStar News
July 31, 2019 | 8:23 P.M.

Simon Property Group, one of the nation’s largest owners of retail property ranging from shopping centers to outlets and malls, said it's ready to come to the rescue of more distressed retail tenants to maintain its properties. So instead of serving as just a landlord, Simon is ready to be an investor to more store owners.

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