Remembering David Simon: A Legacy of Excellence in Retail Real Estate

Indianapolis, March 23, 2026 – The Board of Directors of Simon Property Group, Inc. has announced with deep sorrow the passing of their visionary leader, David Simon. As Chairman, CEO, and President, Simon was instrumental in transforming Simon Property Group into the world’s largest and most esteemed retail real estate company at the age of 64.

Simon Simon passed peacefully on March 22, 2026, surrounded by his family, following a courageous fight with cancer. This profound loss is shared not only within the company but also across the globe as the community reflects on the immense contributions he made over his successful career.

A Family's Tribute

The Simon family released a heartfelt statement expressing their gratitude for the overwhelming support received from around the world. They described David Simon as a dedicated husband, father, grandfather, and brother who invested his entire being into building the Simon Property Group. The family requested privacy during this difficult time as they grieve the loss of their beloved David.

Leadership Transition

In light of David’s passing, the Simon Property Group Board of Directors emphasized the importance of leadership continuity. Eli Simon has been appointed as the new CEO and President, while Larry Glasscock will take on the role of Non-Executive Chairman of the Board. This strategic succession planning reflects David’s commitment to ensuring the company’s future remains bright and secure.

The Board has expressed its complete confidence in Eli Simon, acknowledging his leadership skills and vision. David W. Simon’s legacy, characterized by an unwavering commitment to excellence, will undoubtedly guide the company forward under Eli’s direction.

David Simon's Remarkable Legacy

David Simon's career trajectory is nothing short of extraordinary. Appointed as Chief Executive Officer in 1995 at only 33, he quickly became one of the youngest CEOs of a publicly traded company. Under his leadership, Simon Property Group achieved an impressive total shareholder return exceeding 4,500% since its IPO.

His strategic brilliance was evident through his orchestration of transformative acquisitions, including DeBartolo Realty and Taubman Centers. These endeavors not only fortified the company’s portfolio but also redefined the sector’s competitive dynamics. By the time of his passing, Simon Property Group managed a portfolio of over 250 properties around the globe, marking its significance in the retail real estate market.

David Simon understood that the future of retail real estate relied on creating experiential spaces rather than just transactional ones. He spearheaded initiatives that turned traditional shopping centers into vibrant community hubs, blending shopping, dining, and entertainment. This vision has kept Simon’s portfolio relevant and thriving despite the changing landscape of the retail environment.

His leadership during crises, including the 2008 financial downturn and the challenges posed by the COVID-19 pandemic, showcased his exceptional ability to navigate turmoil with resilience and foresight. Simon's approach combined strategic thinking with heartfelt consideration for tenants and employees, positioning the company for swift recoveries through decisive actions and community support.

Influence Beyond Borders

Even beyond the United States, Simon's influence was felt. He served as Chairman of Klépierre, a Paris-based retail company, and contributed insights to Apollo Global Management’s board. His accolades, including recognition from Harvard Business Review as one of the world's best-performing CEOs, reflect his unparalleled esteem within the business community.

Simon cultivated a culture of excellence at Simon Property Group, nurturing talent and inspiring those around him. Many professionals credit him for being a pivotal figure in their careers, attesting to his legacy of exceptional leadership that is bound to shape future generations.

Condolences and Support

As the Simon family prepares for memorial services, they have requested that in lieu of flowers, contributions be made to organizations dedicated to combating antisemitism, such as the Anti-Defamation League and others. As tributes pour in, the Simon community stands together in honoring the remarkable legacy of a leader who shaped the future of retail real estate.