Reinvesting in and redeveloping existing real estate into higher-productivity uses, including experiential retail, dining, entertainment, and integrating mixed-use components such as residential towers and hospitality assets (e.g., hotel projects at Northshore Mall, Roosevelt Field, and The Domain, and residential developments at Brea Mall, Briarwood Mall, and Northgate).

Expected impact: Aims to deliver a blended expected yield of 9% on development investments, increase on-site dwell time, and generate diversified, recurring cash flows.

A major investment program to elevate three prestigious assets fully acquired from Taubman Realty Group: The Mall at Green Hills (Nashville), Cherry Creek Shopping Center (Denver), and International Plaza (Tampa). The redevelopments focus on exterior expansions, luxury flagship spaces, and walkable outdoor shopping experiences.

Expected impact: Sharpen asset differentiation, attract premier global luxury brands, and capture high-margin consumer spending in high-growth markets.

Enhancing digital capabilities and customer engagement through the ShopSimon online platform and the Simon+ loyalty program, connecting physical in-mall shopping with online discovery.

Expected impact: Drives increased shopper traffic, strengthens brand loyalty, and allows digital-native brands to seamlessly transition into physical retail spaces.