Untitled timeline

SPG

First opening

1960

MSA opens first fully-owned shopping center – Southgate Plaza in Bloomington, IN.

Melvin Simon & Associates was formed

1960

Melvin Simon & Associates (MSA) was formed by Melvin, Herbert and Fred Simon.

largest REIT in U.S. history

December, 1993

Simon Property Group is formed from an Initial Public Offering (NYSE:SPG), becoming the largest REIT IPO in U.S. history to date.

David Simon-President

January, 1995

David Simon is named President and CEO of Simon Property Group; Melvin Simon and Herbert Simon become Co-Chairmen.

DeBartolo

August, 1996

Simon merges with DeBartolo Realty Corporation (NYSE:EJD), creating the nation's largest REIT.

Simon brand ventures

August, 1997

Simon Brand Ventures is launched as a Company strategic business unit, the world's largest and most sophisticated mall marketing initiative

Simon Youth Foundation

August, 1998

Simon and the Simon family establish the Simon Youth Foundation, a not-for-profit organization dedicated to providing educational and career development opportunities for young people nationwide

S&P 500 index

June, 2002

Simon Property Group is added to the S&P 500 Index. Simon is the fourth real estate investment trust in the index.

Simon giftcard

January, 2004

Simon Brand Ventures announces that in its first full year, the Visa Simon Giftcard became the world's largest prepaid debit card program with total annual sales of approximately $340 million.

A-

March, 2006

Simon Property Group receives an upgrade from Standard & Poor's on its corporate and senior unsecured debt to A- from BBB+ with a stable outlook.

Stock

November, 2006

Simon Property Group's stock closes above $100 per share for the first time.

CEO

October, 2007

CEO David Simon is named Chairman of the Board of Directors. Melvin Simon and Herbert Simon are named Chairman Emeriti.

NAREIT's

November, 2007

Simon wins NAREIT's Leader in the Light Gold Award in recognition of its energy efficiency practices, the second consecutive year Simon has won the award.

Energy partner of the year

March, 2008

Simon Property Group selected "Energy Partner of the Year" by the U.S. Environmental Protection Agency

Solar installation

December, 2008

Simon completes the largest solar installation by a mall owner in the U.S. with a 173 kW solar facility on the roof of The Shops at Mission Viejo in Mission Viejo, CA.

Fortune List

March, 2011

Simon Property Group is recognized as the top ranked real estate company in Fortune’s 2011 List of America’s Most Admired Companies.

S&P index

March, 2012

Simon Property Group is added to the S&P 100 Index. Simon is the first real estate company to be included in the index.