SPG-David-Simon-CEO-Profile-1.Pdf
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Track Record of Prior Experience of the Senior Cobalt Team
Track Record of Prior Experience of the Senior Cobalt Team Dedicated Executives PROPERTY City Square Property Type Responsibility Company/Client Term Feet COLORADO Richard Taylor Aurora Mall Aurora, CO 1,250,000 Suburban Mall Property Management - New Development DeBartolo Corp 7 Years CEO Westland Center Denver, CO 850,000 Suburban Mall Property Management and $30 million Disposition May Centers/ Centermark 9 Years North Valley Mall Denver, CO 700,000 Suburban Mall Property Management and Redevelopment First Union 3 Years FLORIDA Tyrone Square Mall St Petersburg, FL 1,180,000 Suburban Mall Property Management DeBartolo Corp 3 Years University Mall Tampa, FL 1,300,000 Suburban Mall Property Management and New Development DeBartolo Corp 2 Years Property Management, Asset Management, New Development Altamonte Mall Orlando, FL 1,200,000 Suburban Mall DeBartolo Corp and O'Connor Group 1 Year and $125 million Disposition Edison Mall Ft Meyers, FL 1,000,000 Suburban Mall Property Management and Redevelopment The O'Connor Group 9 Years Volusia Mall Daytona Beach ,FL 950,000 Suburban Mall Property and Asset Management DeBartolo Corp 1 Year DeSoto Square Mall Bradenton, FL 850,000 Suburban Mall Property Management DeBartolo Corp 1 Year Pinellas Square Mall St Petersburg, FL 800,000 Suburban Mall Property Management and New Development DeBartolo Corp 1 Year EastLake Mall Tampa, FL 850,000 Suburban Mall Property Management and New Development DeBartolo Corp 1 Year INDIANA Lafayette Square Mall Indianapolis, IN 1,100,000 Suburban Mall Property Management -
STATE of MICHIGAN CIRCUIT COURT for the 6TH JUDICIAL CIRCUIT OAKLAND COUNTY SIMON PROPERTY GROUP, INC. and SIMON PROPERTY GROUP
STATE OF MICHIGAN CIRCUIT COURT FOR THE 6TH JUDICIAL CIRCUIT OAKLAND COUNTY SIMON PROPERTY GROUP, INC. and SIMON PROPERTY GROUP, L.P., Plaintiffs, Case No. v. TAUBMAN CENTERS, INC. and TAUBMAN REALTY GROUP, L.P., Honorable Defendants. There is no other pending or resolved civil action arising out of the transaction or occurrence alleged in this complaint. This case involves a business or commercial dispute as defined in MCL 600.8031 and meets the statutory requirements to be assigned to the business court. COMPLAINT Plaintiffs Simon Property Group, Inc. (“SPG”) and Simon Property Group L.P. (“SPG Operating Partnership”) (collectively “Simon”), by and through their undersigned counsel, file this Complaint against Defendants Taubman Centers, Inc. (“TCO”) and Taubman Realty Group, L.P. (“TRG”) (collectively, “Taubman” or “Defendants”), upon knowledge as to matters relating to themselves and upon information and belief as to all other matters, and allege as follows: NATURE OF THE CLAIMS 1. On February 9, 2020, after extensive negotiations, Simon agreed to acquire most of Taubman—a retail real estate company that promotes itself as having the “most productive” shopping centers in the United States—for approximately $3.6 billion. Taubman agreed that Simon could terminate the deal if Taubman suffered a Material Adverse Effect Document Submitted for Filing to MI Oakland County 6th Circuit Court. (“MAE”) or if Taubman breached its covenant to operate its business in the ordinary course until closing. The parties explicitly agreed that a “pandemic” would be an MAE, if it disproportionately affected Taubman “as compared to other participants in the industries in which [it] operate[s].” On June 10, 2020, Simon properly exercised its right to terminate the acquisition agreement (the “Agreement”; Ex. -
3Q08 SUPP V2
Third Quarter 2008 Supplemental Information TAUBMAN CENTERS, INC. Table of Contents Third Quarter 2008 Introduction 1 Summary Financial Information 2 Income Statement- Quarter 3 Income Statement- Year to Date 4 Earnings Reconciliations: Net Income Allocable to Common Shareowners to Funds from Operations 5 Net Income to Beneficial Interest in EBITDA 6 Net Income to Net Operating Income 7 Changes in Funds from Operations and Earnings Per Share 8 Components of Other Income, Other Operating Expense, and Gains on Land Sales and Other Nonoperating Income - Quarter 9 Components of Other Income, Other Operating Expense, and Gains on Land Sales and Other Nonoperating Income - Year to Date 10 Recoveries Ratio Analysis 11 Balance Sheets (Updated as of 11/03/08) 12 Debt Summary (Updated as of 11/03/08) 13 Other Debt, Equity, and Certain Balance Sheet Information 14 Construction 15 Capital Spending 16 Operational Statistics 17 Owned Centers 18 Major Tenants in Owned Portfolio 19 Anchors in Owned Portfolio 20 TAUBMAN CENTERS, INC. Introduction Third Quarter 2008 Taubman Centers, Inc. (the Company or TCO) is a Michigan corporation that operates as a self-administered and self-managed real estate investment trust (REIT). The Taubman Realty Group Limited Partnership (Operating Partnership or TRG) is a majority-owned partnership subsidiary of TCO that owns direct or indirect interests in all of its real estate properties. In this report, the term “Company" refers to TCO, the Operating Partnership, and/or the Operating Partnership's subsidiaries as the context may require. The Company engages in the ownership, management, leasing, acquisition, disposition, development, and expansion of regional and super-regional retail shopping centers and interests therein. -
Two-Year Appraisal Services Contracts to Terzo Bologna, Integra Realty
CITY of NOVI CITY COUNCIL Agenda Item 8 May 20,2013 cityofnovi.org SUBJECT: Approval to award two (2) year appraisal services contracts to Terzo Bologna Inc., Integra Realty Resources, and fuller Appraisal Services to provide Property Appraisal and Related Services, for an estimated annual amount of $135,000. • I SUBMITTING DEPARTMENT: A,,es~mg ,~/'/ CITY MANAGER APPRO¢: I EXPENDITURE REQUIRED $135,000 Estimated AMOUNT BUDGETED $135,000 2013-2014 and $135,000 2104-2015 APPROPRIATION REQUIRED $0 LINE ITEM NUMBER 101-209.00-816.900 BACKGROUND INFORMATION: The City periodically requires professional property appraisals and expert testimony on commercial, industrial and residential properties that are being appealed to the Michigan Tax Tribunal. A Request for Qualifications (RFQ) was posted in March 2013 on the MITN/Bidnet website and three (3) responses were received. All three responders are currently providing appraisal services to the City of Novi. The most recent RFQs were evaluated for their personnel qualifications and their expertise in the areas of commercial, industrial, residential, and personal property appraisals. The three firms listed above are in good standing and have assisted the Assessing Department in the resolution of many cases. Two one (1) year options will be available to the city at the end of two (2) year contract. For each Michigan Tax Tribunal case requiring an appraisal, the firms will be reviewed for subject expertise and contacted for competitive quotes when appropriate. All quotes provided for appraisals will be lump sum for the complete appraisal. Typically, an appraisal will cost between $5,000 and $15,000 depending on property type and complexity. -
Simon Property Group, Inc
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2007 SIMON PROPERTY GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 001-14469 04-6268599 (State or other jurisdiction of (Commission File No.) (I.R.S. Employer incorporation or organization) Identification No.) 225 West Washington Street Indianapolis, Indiana 46204 (Address of principal executive offices) (ZIP Code) (317) 636-1600 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12 (b) of the Act: Name of each exchange Title of each class on which registered Common stock, $0.0001 par value New York Stock Exchange 6% Series I Convertible Perpetual Preferred Stock, $0.0001 par value New York Stock Exchange 83⁄8% Series J Cumulative Redeemable Preferred Stock, $0.0001 par value New York Stock Exchange Securities registered pursuant to Section 12 (g) of the Act: None Indicate by check mark if the Registrant is a well-known seasoned issuer (as defined in Rule 405 of the Securities Act). Yes ፤ No អ Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes អ No ፤ Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. -
2017 Annual Report Simon Property Group, Inc
WorldReginfo - b17aae64-640b-4ba7-878c-aa92dcbb46fe - WorldReginfo 2017 ANNUAL REPORT ANNUAL 2017 SIMON PROPERTY GROUP, INC. 2017 ANNUAL REPORT INNOVATING THE FUTURE OF THE SHOPPING EXPERIENCE CONTENTS From the Chairman & CEO ii Financial Highlights iv Sustainability Highlights xi Investment Highlights xii Board of Directors & Management xiv 10-K 1 Management’s Discussion & Analysis 55 Financial Statements 75 Simon Property Group, Inc. (NYSE: SPG) is an S&P100 company and a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations. WorldReginfo - b17aae64-640b-4ba7-878c-aa92dcbb46fe ICONIC SHOPPING FOR EVERY STYLE AND TASTE THE SHOPS AT CLEARFORK Ft. Worth, Texas WorldReginfo - b17aae64-640b-4ba7-878c-aa92dcbb46fe ii SIMON PROPERTY GROUP, INC. FROM THE CHAIRMAN & CEO Dear Fellow Shareholders, As we enter our 25th year as a public company (58th year in total!), I could start this letter describing how we have changed for the better, but the real purpose of this letter is to reinforce to you, our shareholders, that we are focused on the future. Certainly our success in transforming our business since 1993 (our first year as a public company) is a good indicator that we are always adjusting and improving. Our organization lives for challenges, is driven to succeed, and is among the best-of-breed. We started our public company as a middle market mall company with 56 regional malls that were 85% occupied and generated approximately $250 in sales per square foot. Then our change began and I assure you will always continue. David Simon We led our industry in leasing, development ■ Industry-leading financial results. -
Largest Indianapolis-Area Commercial Property Management Firms (Ranked by Gross Leasable Area Managed Locally (1))
Largest Indianapolis-Area Commercial Property Management Firms (Ranked by gross leasable area managed locally (1)) LOCAL FTE: BROKERS / PERCENT LOCAL PROPERTIES AGENTS HQ LOCATION RANK FIRM GLA MANAGED(1): OFFICE MANAGED HEAD(S) OF LOCAL EMPLOYEES: OF OWNERS: ESTAB. 2009 ADDRESS LOCALLY RETAIL LARGEST INDIANAPOLIS-AREA % OF SPACE OPERATIONS, TITLE(S) PROPERTY MGT. % INDIANA LOCALLY rank TELEPHONE / FAX / WEB SITE NATIONALLY INDUSTRIAL PROPERTIES MANAGED OWNED BY FIRM LOCAL DIRECTOR(S) TOTAL % OTHER HQ CITY Cassidy Turley (2) 29.7 million 30 Keystone at the Crossing, 156 Jeffrey L. Henry, 48 26 1918 One American Square, Suite 1300, 46282 420.0 million 4 Precedent Office Park, 0 managing principal 142 74 St. Louis 1 (317) 634-6363 / fax (317) 639-0504 / cassidyturley.com 66 Castleton Park Timothy J. Michel 199 1 Duke Realty Corp. 28.5 million 20 AllPoints Midwest Bldg. 1, 187 Don Dunbar, EVP; 10 DND 1972 600 E. 96th St., Suite 100, 46240 141.9 million 0 Lebanon Building 12, 87 Charlie E. Podell, SVP 20 DND Indianapolis 2 (317) 808-6000 / fax (317) 808-6770 / dukerealty.com 80 Lebanon Building 2 Ryan Rothacker; Chris Yeakey 400 2 CB Richard Ellis 13.0 million DND Intech Park, DND David L. Reed, 33 DND 1981 101 W. Washington St., Suite 1000E, 46204 11.5 million DND Capital Center, DND managing director 31 DND Los Angeles 3 (317) 269-1000 / fax (317) 637-4404 / cbre.com DND Metropolis Andy Banister 99 4 Prologis 10.5 million DND 715 AirTech Parkway, 55 Elizabeth A. Kauchak, DND DND 1994 8102 Zionsville Road, 46268 DND DND 281 AirTech Parkway, 100 vice president, market officer DND DND Denver 4 (317) 228-6200 / fax (317) 228-6201 / prologis.com 100 558 AirTech Parkway Susan Harvey DND 3 Kite Realty Group Trust 8.8 million 57 Eli Lilly and Co., 75 John A. -
Taubman Centers, Inc. Annual Meeting Investor Presentation
Taubman Centers, Inc. Annual Meeting Investor Presentation Spring 2018 0 We are Taubman We own, manage and develop retail properties that deliver superior financial performance to our shareholders 23 Owned Centers¹ We distinguish ourselves by creating extraordinary retail properties where customers choose to shop, dine and be entertained; where retailers can thrive $10.7bn Total Market Cap² As we benefit from the markets in which we operate, we endeavor to give back and ensure our presence adds value to our employees, our tenants and communities $12.5bn Est. Gross Asset Value³ We foster a rewarding and empowering work environment, where we strive for excellence, encourage innovation and demonstrate teamwork 68 We recognize that strong governance improves corporate decision-making and Years in strengthens our company, and we have taken steps to significantly enhance Operation our governance We have been the best performing U.S. public mall REIT over the last 20 years 468 with a 14% total shareholder return CAGR and have grown our sales per square Employees4 foot by ~18% over the past five years5 Source: Company filings as of 31-Dec-2017 (1) Includes centers from unconsolidated JVs, as of 1-May-2018. (2) As of 31-Dec-2017. (3) Per Green Street Advisors. (4) Full-time employees as of 31-Dec-2017, including Taubman Asia and certain other affiliates. (5) TSR per KeyBanc Capital Markets: The Leaderboard; sales per square foot growth reflects the increase from 2012 ($688) to 2017 ($810). 1 Key Accomplishments Through 2017 Both our recent and historical performance reflect our ability to create long-term sustainable value 14.0% 4.5 % $810 20-Year Total Shareholder Dividend CAGR Highest Sales Per Square 1 2 Return CAGR Since IPO Foot in the U.S. -
Issue: Shopping Malls Shopping Malls
Issue: Shopping Malls Shopping Malls By: Sharon O’Malley Pub. Date: August 29, 2016 Access Date: October 1, 2021 DOI: 10.1177/237455680217.n1 Source URL: http://businessresearcher.sagepub.com/sbr-1775-100682-2747282/20160829/shopping-malls ©2021 SAGE Publishing, Inc. All Rights Reserved. ©2021 SAGE Publishing, Inc. All Rights Reserved. Can they survive in the 21st century? Executive Summary For one analyst, the opening of a new enclosed mall is akin to watching a dinosaur traversing the landscape: It’s something not seen anymore. Dozens of malls have closed since 2011, and one study predicts at least 15 percent of the country’s largest 1,052 malls could cease operations over the next decade. Retail analysts say threats to the mall range from the rise of e-commerce to the demise of the “anchor” department store. What’s more, traditional malls do not hold the same allure for today’s teens as they did for Baby Boomers in the 1960s and ’70s. For malls to remain relevant, developers are repositioning them into must-visit destinations that feature not only shopping but also attractions such as amusement parks or trendy restaurants. Many are experimenting with open-air town centers that create the feel of an urban experience by positioning upscale retailers alongside apartments, offices, parks and restaurants. Among the questions under debate: Can the traditional shopping mall survive? Is e-commerce killing the shopping mall? Do mall closures hurt the economy? Overview Minnesota’s Mall of America, largest in the U.S., includes a theme park, wedding chapel and other nonretail attractions in an attempt to draw patrons. -
Taubman Centers Lifts up Reits
November/December 2011 PIONEER MILTON COOPER LED THE WAY. THE MODERN REIT AT Robert Taubman Chairman, President & CEO 20TAUBMAN CENTers’ IPO INTRODUCED THE UPREIT AND HELPED CHANGE THE INDUSTRY. www.REIT.com T aubman’s IPO brought the UPREIT into practice and more real estate players into the public market. Robert S. Taubman Chairman, President & CEO REIT.com • 2 Lifts UP REITs By: Anna Robaton y the early 1990s, Taubman Centers Inc. (NYSE: company access to a more permanent source of capital at a time TCO) had amassed one of the best-performing port- when financing was scarce and the scope of its projects was growing. folios in its sector and established itself as a pioneer of “The UPREIT really unlocked the public capital markets to pri- the American mall business. vate ownership of real estate,” says Robert Taubman, the company’s B Yet, in November 1992, the company, which had chairman, president and CEO. He estimates that more than 90 been the managing partner of a limited partnership, became a percent of the equity capital that has been raised by listed REITs pioneer of a different sort when it went public in the form of since his company’s IPO has been raised through the UPREIT the first-ever umbrella partnership real estate investment trust structure and the total REIT float has increased from about $10 (UPREIT)—an approach that allowed Taubman and eventu- billion in 1992 to nearly $400 billion today. ally many other privately held real estate companies to go public “All of these (private) companies rolled up their assets and created without exposing existing partners to large capital gains tax bills, a consolidated entity in the UPREIT structure because it solved the explains REIT historian Ralph L. -
Strategic Advice for the Real Estate Community and Retailers. Since 1969
Strategic advice for the real estate community and retailers. Since 1969. Retail properties Residential properties Shopco Properties LLC Commercial properties www.shopcogroup.com Marc Yassky Joseph Speranza Principal Principal [email protected] [email protected] 424 Madison Ave 16th floor 485 Madison Ave 22nd floor New York NY 10017 New York NY 10122 212 223 1270 212 594 9400 212 202 7777 fax 888 308 1030 fax ABOUT US Shopco Properties LLC is a real estate consultancy firm focused on retail centers and multifamily residential buildings, offering strategic advice regarding development, redevelopment, finance, construction, leasing, management, marketing, and acquisition and disposition. Shopco’s depth of experience comes from the firm’s history as a developer and acquirer of regional malls, other shopping centers, and multifamily projects, across the nation. Founded in 1969, its primary focus has been retail, residential, and commercial real estate. Along with the company’s development and acquisition activities, Shopco acts as a consultant to a variety of clients, including Wall Street firms engaged in real estate lending, development and workouts, developers, private equity funds, family offices with real estate holdings, and retail ten- ants seeking locations. Clients include or have included: Lehman Brothers, JPMorgan Chase Bank, Swedbank, and Tishman Speyer, amongst others. Since the company is a small one, the principals’ experience and expertise is directly available to our clients. Our history of developing, as well as redeveloping and operating retail, residential and commercial projects, gives us particular insight when serving our customers. Shopco Properties LLC www.shopcogroup.com HISTORY Shopco was founded in 1969 to develop enclosed regional malls. -
United States Securities and Exchange Commission Form 8-K Simon Property Group, Inc
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 20, 2015 SIMON PROPERTY GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 001-14469 04-6268599 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 225 WEST WASHINGTON STREET INDIANAPOLIS, INDIANA 46204 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: 317.636.1600 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: x Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 7.01 REGULATION FD DISCLOSURE. On March 20, 2015, Simon Property Group (or “Simon”) posted an Investor Presentation on its website correcting certain items regarding Simon that were contained in The Macerich Company’s (or “Macerich”) investor presentation published earlier this week. The information contained in this Item 7.01 and the attached Exhibit 99.1 is furnished to and not filed with the Securities and Exchange Commission.