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In 2003, Simon acquired a majority interest The Kravco Company, owner of the King of Prussia, for $300 million.

In 2002, in partnership with Westfield Group and The Rouse Company, the company acquired 13 properties from Rodamco North America including Copley Place, Houston Galleria, and SouthPark Mall. In 1999, the company acquired 14 shopping centers from New England Development for $725 million. The company also acquired an ownership interest in Groupe BEG, S.A., operator of shopping centers in Europe. One year after these acquisitions, the company acquired Corporate Property Investors and was renamed Simon Property Group. Also in 1997, in partnership with Macerich, the company acquired 12 malls from IBM's pension plan for $974.5 million. In 1997, the company acquired The Retail Property Trust for $1.2 billion in a hostile takeover. DeBartolo Sr., in 1996 to form Simon DeBartolo Group. Simon Property merged with the newly public DeBartolo Realty Corporation, owner of the real estate assets of Edward J.

In December 1993, they took their interests public as Simon Property Group in the largest initial public offering of a real estate investment trust to date. Simon Property Group dates to 1960, when brothers Melvin Simon and Herbert Simon began developing strip malls in Indianapolis, Indiana. Worldwide, it owns interests in 232 properties comprising approximately 241,000,000 square feet (22,400,000 m 2) of gross leasable area in North America and Asia. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/ lifestyle centers. Simon corporate headquarters in Indianapolis.