Acquisition And ExpansionSPG made a very high quality acquisition of Brickell City Centre, in Miami, FL for $512m, increasing the company's ownership stake from 25% to 100%.
Financial Performance And EarningsOverall portfolio NOI growth of 4.7% was slightly ahead of expectations and is impressive, especially for a company of Simon's size.
Leasing And Portfolio ActivitySPG continued to highlight strong leasing activity across the portfolio, despite macro headline uncertainty.