Simon Property Group, Inc., In the Matter of

Last Updated:
In the Matter of Simon Property Group, Inc., a real estate investment trust
FTC Matter/File Number:

101 0061

Docket Number:

C-4307

Enforcement Type:

Part 2 Consents

Case Summary

Under the terms of the settlement, Simon Property Group, Inc. is required to divest property and modify tenant leases to preserve outlet center competition in parts of southwest Ohio, Chicago, Illinois, and Orlando, Florida, in the wake of Simon’s purchase of Prime Outlets Acquisition Company, LLC. In addition, Simon has agreed to remove radius restrictions for tenants with stores in its outlet malls serving the Chicago and Orlando markets.