Simon Property Group's operations continue to grow with five to six mixed-use projects on the way this year after completing 13 significant re-developments a year ago.
This new construction represents approximately $800 million of spend from Orange County to Ann Arbor, to Boston, to Seattle, to Roosevelt Field, according to the company's recent earnings call.
"We expect to fund these redevelopments to mixed-use projects with our internally generated cash flow of over $1.5 billion after dividend payments," David Simon, Chairman, Chief Executive Officer and President said on the call, calling those "more of a 2025 or 2026 story."
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