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Indianapolis — Simon Property Group has acquired the remaining 12 percent interest in The Taubman Realty Group (TRG), a real estate company specializing in developing, owning and operating regional and super-regional shopping centers in the United States and Asia. The transaction gives Simon full ownership of TRG, concluding a partnership that began five years ago.
The company stated that with full ownership of TRG, it hopes to capitalize on new growth opportunities, increase net operating income and deliver long-term returns to its shareholders.
Simon has held an 80 percent ownership stake in TRG since December 2020.