Fairness Opinion
The Opinions Practice of Kroll Rendered a Fairness Opinion in Connection with the Roll-Up of Certain Retail Properties in India and IPO of Nexus Select Trust
Jul 05, 2023
Solvency Opinion
Duff & Phelps Provided a Solvency Opinion to Simon Property Group, Inc. for its Spin-off of Washington Prime Group Inc.
has completed the spin-off of
Simon Property Group Inc. completed the spin-off on Washington Prime Group Inc. The transaction involved the spin-off of certain Simon Property Group Inc. retail strip centers and regional malls into a newly formed publically traded REIT.
Duff & Phelps' Role
Duff & Phelps was engaged as independent financial advisor to the Boards of Directors of Simon Property Group Inc. and Washington Prime Group Inc. in connection with the spin-off and rendered a solvency opinion.
About Simon Property Group, Inc.
Simon Property Group Inc. is a publicly traded real estate investment trust (“REIT”) that is primarily invested in premium, upscale, malls and outlet centers across North American and internationally. Its current portfolio consists of approximately 250 properties which generate revenues in excess of $5 billion.
About Washington Prime Group, Inc.
Washington Prime Group Inc. is a publicly traded REIT that holds interests in 98 properties spun out of Simon Property Group Inc. as of May 2014. The properties consist of strip centers and smaller, regional, enclosed malls in North America.
Corporate Finance and Restructuring
Corporate Finance and Restructuring
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Solvency Opinions
Solvency Opinions
Duff & Phelps Opinions practice helps boards of directors and special committees formed by boards fulfill their fiduciary responsibilities when considering many corporate transactions. In 2018, Duff & Phelps acquired Kroll and unified under the Kroll brand in 2020.
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Valuation Services
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Transaction Advisory Services
Transaction Advisory Services
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