Retail real estate investment trusts (REITs) own, operate, or finance income-generating retail properties, including shopping centers, malls, strip malls, and other retail spaces, and generate revenue by leasing space to retail businesses. As is the case with all REITs, retail REITs are required to distribute a significant portion of their income to shareholders in the form of dividends, making them a popular choice for investors seeking income. If you're interested in buying a retail REIT with
In a strategic move to transform the luxury shopping landscape, Simon Property (SPG) announces a revitalization project at Fashion Valley, San Diego.
Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment, and mixed-use destinations, today announced significant reinvestment to integrate luxury living at Fashion Valley. Following the recent completion of a multimillion-dollar revitalization, the new development further positions the center as the epicenter of upscale shopping, dining, and living in the San Diego area.