TCO - Simon Property Group's Latest Move Could Pay Off in the Long Run
We recently learned that mall REIT Simon Property Group (NYSE: SPG) successfully renegotiated its acquisition of rival Taubman Centers (NYSE: TCO) and will now be paying about 20% less than it originally agreed to before the COVID-19 pandemic disrupted the retail real estate industry. While the discounted price is certainly more attractive than the deal's original price, many investors still think it seems silly to spend billions of dollars on mall real estate right now.
Don't be so sure. In this Nov. 17 Fool Live video clip, two experts from The Motley Fool's real estate brand, Millionacres -- real estate analyst Matt Frankel, CFP, and editor Deidre Woollard -- discuss why this deal could be a great long-term move for Simon and its shareholders.
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Simon Property Group's Latest Move Could Pay Off in the Long Run