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Simon Buys Prime Outlets in $2.3Bn Deal

By DIANA GOLOBAY

Simon Property Group (SPG) will acquire Prime Outlets Acquisition Co. and certain affiliated entities from the Lightstone Group. In a transaction valued at more than $2.32bn, Simon will pay equity consideration for the owners’ interests in Prime Outlets composed of 80% cash and 20% SPG common operating partnership units. Nearly all of the interests in Prime [...]

Full post as published by Housing Wire on December 10, 2009 (boomark / email).