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Simon Property Considers Stepping Up Sales and Acquisitions

REIT's CEO Calls Mall Portfolio, Capital Allocation a Work in Progress

Simon Property Group once owned the Crystal Mall in Connecticut, but after the property's foreclosure it was sold to Namdar Realty Group last month for $9.5 million. (CoStar)
Simon Property Group once owned the Crystal Mall in Connecticut, but after the property's foreclosure it was sold to Namdar Realty Group last month for $9.5 million. (CoStar)

Simon Property Group, the nation's biggest mall owner, may become even more active in terms of rejiggering its portfolio by shedding underperforming retail sites and doing acquisitions and redevelopments, according to its CEO.

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