Simon Property Group Appoints Eli Simon as New COO, Effective August 6, 2025

Simon Property Group has appointed Eli Simon as its new Chief Operating Officer, effective August 6, 2025. Eli Simon brings experience in investment strategy and corporate development to his new role, having previously served as Executive Vice President and Chief Investment Officer. He will collaborate closely with David Simon, Chairman, CEO, and President, to enhance property performance, lead new development projects, and refine the company's strategic investments and brand strategy. Eli Simon's annual base salary will be $800,000.

Simon Property Group (SPG), a leading real estate investment trust, has appointed Eli Simon as its new Chief Operating Officer, effective August 6, 2025. Eli Simon brings extensive experience in investment strategy and corporate development to his new role, having previously served as Executive Vice President and Chief Investment Officer [1].

Eli Simon will collaborate closely with David Simon, Chairman, CEO, and President, to enhance property performance, lead new development projects, and refine the company's strategic investments and brand strategy. His annual base salary will be $800,000 [2].

Eli Simon joined Simon Property Group in 2019, leading the company's investment strategy for both real estate and non-real estate investments. 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 [3].

In addition to Eli Simon's promotion, Simon Property Group has named Jonathan Murphy and Eric Sadi as Co-Presidents, North American Real Estate. They will oversee the company's North American real estate portfolio and all three of its platforms: Malls, Mills, and Premium Outlets. Murphy and Sadi will be responsible for asset management and leasing strategies [2].

The appointment of Eli Simon and the naming of Murphy and Sadi as Co-Presidents signal Simon Property Group's continued commitment to its strong management team and strategic growth. David Simon, Chairman, CEO, and President, stated, "One of the hallmarks of Simon's success is the strength and depth of our management team. 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" [2].

Simon Property Group posted a solid second-quarter financial report, with net income attributable to common stockholders of $556.1 million, or $1.70 per diluted share. Real estate funds from operations (FFO) were $1.15 billion, or $3.05 per diluted share, an increase of 4.1 percent compared to the prior year. Occupancy as of June 30 was 96 percent [1].

References:
[1] https://seekingalpha.com/news/4481344-simon-property-names-eli-simon-coo
[2] https://wwd.com/business-news/real-estate/simon-property-names-eli-simon-chief-operating-officer-1238030728/
[3] https://www.prnewswire.com/news-releases/simon-announces-key-executive-appointments-302523912.html