Did Simon Property Group Just Rewrite Retail’s Script?

February 18, 2020

Pat Dinardo was quoted in the article, "Did Simon Property Group Just Rewrite Retail’s Script?," which was published by GlobeSt.com on February 18, 2020. 

The article describes Simon Property Group's recent announcement that it bid $3.6 billion for a stake in Taubman Centers and was paying a 51% premium, suggesting that class A mall REITs in general are undervalued. In response, Pat Dinardo emphasized the importance of Simon repositioning malls to be places where consumers have worthwhile 'experiences' to ensure the continued survival of shopping centers.

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