#United States #Indianapolis #Simon Property Group #executive appointments #Eli Simon

Simon® Expands Leadership Team

On August 7, 2025, Simon® announced significant changes to its executive team as part of its strategic growth initiative. Eli Simon, who previously served as Executive Vice President and Chief Investment Officer, has been elevated to Chief Operating Officer (COO). In his new role, Eli will collaborate closely with David Simon, the company's Chairman and CEO, overseeing all facets of the business, including property performance and new development projects.

Eli Simon joined Simon in 2019, where he was instrumental in the investment strategy that encompassed both real estate and non-real estate ventures. Before his tenure at Simon, he was the Principal and Head of North American Lodging at Och-Ziff Capital Management, managing all lodging-related investments, which included significant acquisitions and operational investments.

In addition to Eli's promotion, Simon also appointed Jonathan Murphy and Eric Sadi as Co-Presidents for North American Real Estate, a role that includes supervising Simon's expansive portfolio across its three platforms: Malls, Mills, and Premium Outlets. Both Jonathan and Eric have been with the company since 2010 and 2006, respectively, contributing significantly across various roles. Since 2020, they had served as Co-Presidents of the Mall Platform, focusing on enhancing revenue, occupancy rates, and merchandise diversity within the malls.

David Simon expressed his enthusiasm about these leadership changes, stating, “One of the hallmarks of Simon's success is the strength and depth of our management team. As we work to further advance our growth, I am pleased with these leadership appointments. Our culture of innovation will continue to be a strategic asset for us.”

Larry Glasscock, Lead Independent Director, echoed this sentiment, noting that these strategic appointments position Simon to maintain its leading industry status by ensuring a top-notch product and environment for consumers and retailers alike.

The announcement comes as Simon seeks to enhance its operations amidst a challenging retail landscape marked by evolving consumer behavior and competitive pressures. With the ongoing shift towards e-commerce and various external threats such as economic fluctuations and geopolitical uncertainties, these executive changes are aimed at fortifying the company's adaptability and growth potential.

The retail industry currently faces increased competition, particularly from online retailers, indicating a pressing need for traditional brick-and-mortar businesses to create unique and engaging shopping experiences. Simon's new leadership team is expected to focus on this area, ensuring the company not only meets current market demands but also sets new trends in the retail space.

Along with this executive lineup, the company is actively monitoring market challenges, including lease renewals, tenant bankruptcies, and economic conditions that may impact its operations. Simon’s leadership is tasked with navigating these challenges and capitalizing on new opportunities for growth in both established and emerging markets.

As a real estate investment trust (REIT), Simon operates premier shopping, dining, and entertainment destinations, boasting an impressive portfolio that spans across North America, Europe, and Asia. With a commitment to creating thriving community spaces that drive billions of dollars in annual sales, Simon's strategic appointments are pivotal as the company strives to enhance its market position and operational effectiveness.

As Simon® continues to evolve, the leadership changes reflect a proactive approach to navigating both challenges and opportunities in the dynamic landscape of retail and real estate investment. The future will see how these executive shifts impact Simon's growth trajectory and adaptability in the increasingly competitive market.