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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 is on the executive board of the National Association of Real Estate Investment Trusts (NAREIT) and is a member and immediate past chairman of the Real Estate Roundtable in Washington, D.C. He is a member and past trustee of the Urban Land Institute (ULI) and founding chairman of ULI’s Detroit Regional District Council.
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 ...
CCC is an undertaking by City Creek Reserve, Inc. (CCRI) and Property Reserve, Inc. (PRI), both commercial real estate entities of the Church of Jesus Christ of Latter-day Saints (LDS Church), and Taubman Centers, Inc. (TCI). PRI invested in the housing and parking elements of the mall, while TCI owns and operates the shopping center itself.
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.
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