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Mall Owner Simon Looks To Ramp Up Acquisitions Outside Real Estate

Indianapolis-Based REIT Registers New ‘Blank-Check’ Company To Raise $300 Million
Simon Property Group, which owns North East Mall in Hurst, Texas, has created an entity to pursue acquisitions. (CoStar)
Simon Property Group, which owns North East Mall in Hurst, Texas, has created an entity to pursue acquisitions. (CoStar)
CoStar News
February 1, 2021 | 6:59 P.M.

Shopping mall owner Simon Property Group, once again showing its willingness to expand outside real estate, has formed a special purpose acquisition company, or SPAC, to raise up to $300 million in an initial public offering.

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