Simon Property Group to Acquire University Village Mall
Simon has signed an agreement to purchase University Village, expanding the REIT's portfolio of retail and mixed-use properties.
Simon Property Group, the Indianapolis-based real estate investment trust known for operating major shopping, dining, entertainment and mixed-use destinations, announced Thursday it has reached an agreement through a subsidiary to acquire University Village, according to a company statement.
The deal adds another property to Simon's extensive national portfolio of premier retail destinations. Simon, one of the largest REITs in the United States, has continued pursuing acquisition opportunities as part of its broader growth strategy in the competitive retail real estate sector.
Read more Sentral Expands to Fort Lauderdale, Adds San Diego Property →
University Village, the target of the acquisition, represents the type of mixed-use or retail-anchored asset that Simon has historically targeted as it seeks to consolidate ownership of high-traffic consumer destinations across the country.
The announcement was made October 30, 2026, from Indianapolis, where Simon is headquartered. Further financial terms of the transaction were not disclosed in the initial release. Deals of this nature typically require standard regulatory review and closing conditions before becoming final.
Continue reading at Real Estate for the full details of the University Village acquisition agreement.
