The Taubman Family in the exchange of its ownership interest in Taubman Realty Group for partnership units of Simon Property Group

On November 3, 2025, Simon Property Group, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced that it had acquired the remaining 12% interest in The Taubman Realty Group which it did not own in exchange for 5.06 million limited partnership units in Simon Property Group L.P., in a transaction that brings together two of the highest-quality portfolios in retail, and which will unlock new opportunities to improve the shopping center experience going forward. The transaction is the culmination of a highly successful five-year partnership between Simon and the Taubman family, and will result in the Taubman family becoming one of Simon’s most significant equity holders.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to the Taubman family.