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Simon Shutters All Retail Properties Through March 29
Simon has temporarily closed all of its retail properties in the U.S., including Malls, Premium Outlets and Mills, effective through March 29. The Indianapolis-based REIT said its decision came after extensive discussions with federal, state and local officials, and in recognition of the need to address the spread of COVID-19.
“The health and safety of our shoppers, retailers and employees is of paramount importance and we are taking this step to help reduce the spread of COVID-19 in our communities,” said David Simon, Chairman, CEO and president of Simon.
As of this past Dec. 31, Simon’s U.S. portfolio covered approximately 181 million square feet, the lion’s share of its 191-million-square-foot global footprint.
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