Simon Property Group Closing All U.S. Properties
Simon Property Group (NYSE: SPG) is fighting the SARS-CoV-2 coronavirus, and the COVID-19 disease it causes, in its own way -- it's temporarily closing all of its shopping malls in the United States.
The real estate investment trust (REIT), the largest mall operator in the country, announced the move on Wednesday. It said in a tersely worded press release that the closure would take effect at 7 p.m. EDT on that day, and will end on Sunday, March 29.
"The health and safety of our shoppers, retailers and employees is of paramount importance and we are taking this step to help reduce the spread of COVID-19 in our communities," the company wrote.
Source Fool.com
