Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Simon Property Group’s acquisition of Prime Outlets’ 22 centers for $2.33 billion was a surprise, not because the deal doesn’t make sense for the REIT, but because we assumed that we’d hear about them buying someone else first.It’s no secret that the largest mall REIT, which now has more outlet centers than anyone at 63, is vying for some or all of General Growth Properties’ assets as well. How much bigger can Simon get?The company is quickly becoming the retail real estate equivalent of Walmart. It’s already by far the largest mall owner with nearly 300 of those properties, and swallowing up all or part of GGP’s 200 malls would dwarf its largest competitors.Will we see Simon continue to buy, and is the Prime deal evidence that the retail transaction market will start to heat up?

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.