In addition to the purchase of the Klepierre holding, Simon Property is buying the stake of JV...

|By:, SA News Editor

In addition to the purchase of the Klepierre holding, Simon Property is buying the stake of JV partner Farallon in 26 U.S.-wide assets of The Mills Limited Partnership for $1.5B. Simon also raises its 2012 forecast and now expects funds from operations of $7.35-$7.50/share vs. prior guidance of $7.20-$7.30/share. (PR)