Simon names new COO, North American real estate co-presidents
America’s largest shopping center owner has promoted one of its leaders to a new role.
Simon Property Group has promoted Eli Simon, executive VP, chief investment officer and director, to the role of chief operating officer. He will work directly with David Simon, chairman, CEO and president, on all aspects of Simon's businesses including property performance, new development projects, strategic investments and brand strategy.
Eli Simon joined the company in 2019, leading the company's investment strategy for both real estate and non-real estate investments, including new business sourcing, strategic corporate investments, and the execution of various real estate transactions. Before joining the company, he was the principal and head of North American lodging at Och-Ziff Capital Management and Och-Ziff Real Estate, where he oversaw all lodging related investments, including asset and portfolio acquisitions, operating company investments, and lending opportunities.
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Simon Property Group also announced that Jonathan Murphy and Eric Sadi have been named co-presidents of North American real estate. Murphy and Sadi will oversee Simon's North American real estate portfolio and all three platforms: Malls, Mills and Premium Outlets. In this role, they will be responsible for asset management and leasing strategies.
Murphy and Sadi joined the company in 2010 and 2006, respectively, and have served in various capacities throughout their tenures. Since 2020, they have been co-presidents of the Mall platform, overseeing the revenue stream, occupancy and merchandise mix for the company's malls.
"One of the hallmarks of Simon's success is the strength and depth of our management team," said David Simon. "As we work to further advance our growth, I am pleased with these leadership appointments. Our culture of innovation will continue to be a strategic asset for us."
Simon is a real estate investment trust engaged in the ownership of premier shopping, dining and entertainment mixed-use destinations with roughly 200 properties across North America, Europe and Asia.
