In February, before the COVID-19 pandemic began to turn many facets of the commercial real estate market on their heads, Simon Property Group agreed to acquire an 80% ownership in Taubman Centers for $3.6 billion, a move that would have resulted in the consolidation of two of the top mall owners in the country.
Why One Mall Operator’s Greatest Strengths Became Reasons to Call Off a Merger
Simon Property Group Argued Taubman Centers’ Dependency on Density and Tourism Make It Particularly Vulnerable to the Pandemic
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