Simon Property Group to acquire a 50% stake in Jamestown.

Simon Property Group, a real estate investment trust, agreed to acquire a 50% stake in Jamestown, a global real estate investment and management firm. Financial terms were not disclosed. "At Jamestown, our goal is to be the best mixed-use investor globally, focusing on creating innovation hubs and community centers. The partnership with Simon will help us achieve that goal and position us for our next chapter as we scale our differentiated products in an increasingly global world," Michael Phillips, Jamestown President.