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Simon Property Group L P /de/ is one of the leading names in commercial real estate investment trusts in the United States. Established in 1993, it is a S&P 500 company engaged in acquiring, developing, and managing retail real estate properties worldwide. It owns or has interest in more than 200 shopping malls concentrated throughout the United States and Asia with assets valued at over $55 billion as of 2019. The company also owns interests in premium outlets, lifestyle centers, community centers, office buildings and mixed-use projects such as apartment communities along with distribution warehouses. This journey began when Herbert Simon and his brother Melvin Simon acquired a single shopping center located outside Indianapolis. Over time they incorporated multiple subsidiaries to acquire additional properties through direct acquisitions from third party sellers or by forming joint venture partnerships to invest directly into existing real estate projects based on their own formula for success. By 1998 the flag ship property was listed on NYSE under its current ticker “SPG” becoming one of largest publicly traded REITs (Real Estate Investment Trusts).