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Although Simon Property Group Inc SPG is a Delaware corporation the company calls Indianapolis Indiana its home and has made the city very proud The real estate investment trust currently owns andor operates over 248 properties in 36 US states and 8 locations in Europe and Canada with a key focus in shopping malls SPG has experienced enormous growth in the past 40 years primarily due to their commitment to asset quality financial management customer service and internal team building Since the companys conception in 1960 SPG has been controlled predominantly by the Simon family Currently David Simon son of one of the firms creators Melvin Simon holds the honor of Director and Chief Financial Officer The rest of the firms responsibility is divided as follows fnofStephen E SterrettExecutive Vice President Chief Financial Officer fnofRichard S SokolovPresident and Chief Operating Officer fnofJohn RulliSenior Vice President Administration fnofStewart StockdaleChief Marketing Officer fnofHerbert SimonChairman of the Board fnofMelvin SimonChairman of the Board The Simon and DeBartolo families whose companies marked the first merger of SPG hold significant portions of common stock in the company in addition to the public stockholders and company executives Interest in the company is sold publicly on the New York Stock Exchange in the form of common shares under the symbol SPG The company also sells Series B convertible and cumulative redeemable preferred stock under the symbols SPGPrB and SPVPrB respectively According to CEO David Simon Simon Property Groups mission is to be the leading developer owner and manager of retail real estate in North America through the creation and continual enhancement of shareholder value in a high-quality portfolio of premier properties What was once merely a vision to Simon founder Melvin Simon SPG has developed into the largest retail real estate investment trust REIT in North America to-date Buildings 502 This retail vision began in 1960 when Melvin Simon took a job as a leasing agent As Simon was in the real
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