Mirror Review
March 24, 2026
David Simon, the visionary leader who built Simon Property Group into the Largest Retail Real Estate Investment Trust in the USA, passed away on March 23, 2026. And now, the industry’s eyes have turned toward his successor.
Effective immediately, the Board of Directors has appointed Eli Simon, son of David Simon, as the President and CEO of Simon Property Group.
Eli Simon’s Education
Eli Simon earned both a Bachelor of Science in Economics and an MBA from the Wharton School at the University of Pennsylvania.
This combination of Ivy League theory and practical, cutthroat investment experience prepares him to lead Simon Property Group, currently valued at a market cap of approximately $62.37 Billion.
Eli Simon’s Previous Experience
Before his tenure at Simon Property Group, Eli Simon served as Principal and Head of North American Lodging at Sculptor Capital Management (formerly Och-Ziff), where he oversaw complex asset and portfolio acquisitions.
A Legacy of Preparation
Eli Simon joined the Simon Property Group in 2019, initially serving as Senior Vice President of Corporate Investments.
He saw a rapid growth within the firm, moving to Chief Investment Officer in 2024 and subsequently to Chief Operating Officer, which made him eligible for the Simon Property succession plan.
As the newly appointed Simon Property Group CEO, Eli brings a wealth of experience in:
- Strategic Growth: He previously spearheaded the company’s investment strategy, focusing on new business sourcing and the execution of strategic real estate acquisitions.
- Operational Oversight: In his dual role as COO and Director, he manages property performance, new development projects, and the company’s digital strategy.
- Global Governance: His leadership extends to boards such as Jamestown LP, and he previously served as a director for Taubman Realty Group.
End Note: Continuity in a Changing Landscape
The Board of Directors expressed “full confidence” in Eli’s ability to guide the company’s “irreplaceable assets” forward.
Furthermore, David Simon’s successor is now tasked to deliver 2026 targets of $6.87–$7.12 in net income per diluted share and $13.00–$13.25 in Real Estate FFO per diluted share.
Thus, as the CEO of Simon Property Group, Eli Simon must now balance the preservation of a historic legacy with the evolving demands of global retail and mixed-use real estate.
Maria Isabel Rodrigues
FAQs
How old is Simon Property Group?
Simon Property Group was founded in 1993, making it over three decades old and now the Largest Retail Real Estate Investment Trust in the USA.
What is Simon Property Group worth?
As of March 2026, Simon Property Group has a market cap of approximately $62.37 billion, reflecting its scale and global dominance.
Who runs Simon Property Group?
Eli Simon, son of late CEO David Simon, now serves as the President and CEO of Simon Property Group, following the demise of his father, effective from March 23, 2026.
