Simon completed the acquisition of the remaining 12% interest in Taubman Realty Group.

Simon, a real estate investment trust engaged in the ownership of premier shopping, completed the acquisition of the remaining 12% interest in Taubman Realty Group, an American real estate investment trust. Financial terms were not disclosed. "We are pleased to finalize this transaction, which will be accretive to Simon. This acquisition aligns with our strategy of owning high-quality assets, unlocking operational synergies and driving further innovation. With full ownership of TRG, we are well-positioned to capitalize on new growth opportunities, increase net operating income and deliver long-term returns to our shareholders," David Simon, Chairman, Chief Executive Officer and President.