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In December 2020, the company acquired Taubman Centers for $3.4 billion. [45] It also acquired J.C. Penney in partnership with Brookfield Asset Management. [46] In April 2022, it was announced that Simon and Brookfield are set to offer to buy Kohl's. [47] Simon purchased a 50% stake in Jamestown, a real estate developer, in October 2022. [48]
Taubman Centers, Inc. is an American real estate investment trust headquartered in Bloomfield Hills, Michigan. The company invests in shopping centers, and is a subsidiary of Simon Property Group since 2020.
Taubman was born to a Jewish family, the son of Reva (née Kolodney) [6] and A. Alfred Taubman (1924–2015). His father founded Taubman Centers, headquartered in Bloomfield Hills, Michigan . [ 4 ] He received a Bachelor of Science in Economics from Boston University .
A real estate investment trust-related exchange traded fund led the charge on Monday after Simon Property Group (NYSE: SPG) revealed plans to take a majority stake in rival mall owner Taubman ...
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Taubman lead a group that bought the Irvine Company in 1977 and sold his stake to Donald Bren in 1983. [20] Taubman bought A&W Restaurants in 1982, [21] and sold it to Sagittarius Acquisitions in December 1994. [21] From 1983 to 1984, Taubman was the majority owner of the Michigan Panthers of the United States Football League.
Shopping-mall operator Taubman Centers announced yesterday its second-quarter dividend of $0.50 per share, the same rate it paid last quarter after raising the payout 8%, from $0.4625 per share.