Simon Property Group’s decision to split its smaller regional malls and strip centers into a stand-alone REIT has been met with approval from analysts. The move will allow the company to raise value for shareholders and may pave the way for further asset spin-offs.
On Dec. 13, Simon executives announced that 54 of the company’s strip centers and 44 of its lower income malls would be moved into a new publicly traded REIT called SpinCo. SpinCo’s portfo
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