Simon Property Group, L.P.: Simon Property’s decision to sue The Gap reflects the difficult rent negotiations between retailers and landlords
Simon Property's lawsuit against the The Gap to collect unpaid rent is an indication that the rent concession negotiations between retailers and landlords are complex and challenging.Simon Property Group operates as a self-administered and self-managed real estate investment trust. Simon Property Group, L.P. is the company's majority-owned Delaware partnership subsidiary that owns all of its real estate properties and other assets. The company owns, develops and manages shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets?, and The Mills? in United States as well as internationally including Puerto Rico, Asia, Europe and Canada. The company also owned equity stake in Klepierre SA, a Paris-based real estate company, which owns, or has an interest in, shopping centers in Europe.
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