Exhibit 99.1

SIMON PROPERTY GROUP

Overview

The Company

Simon Property Group, Inc. (“SPG”) (NYSE:SPG) is a self-administered and self-managed real estate investment trust (“REIT”).  Simon Property Group, L.P. (the “Operating Partnership”) is a subsidiary partnership of SPG.  Shares of SPG are paired with beneficial interests in shares of stock of SPG Realty Consultants, Inc. (“SRC”, and together with SPG, the “Company”).  The Company and the Operating Partnership (collectively the “Simon Group”) are engaged primarily in the ownership, operation, management, leasing, acquisition, expansion and development of real estate properties, primarily regional malls and community shopping centers.

At September 30, 2001, the Company, directly or through the Operating Partnership, owned or had an interest in 250 properties which consisted of regional malls, community shopping centers, and specialty and mixed-use properties containing an aggregate of 185 million square feet of gross leasable area (GLA) in 36 states and six assets in Europe and Canada.  The Company, together with its affiliated management companies, owned or managed approximately 189 million square feet of GLA in retail and mixed-use properties.

This package was prepared to provide (1) ownership information, (2) certain operational information, and (3) debt information as of September 30, 2001, for the Company and the Operating Partnership.

Certain statements contained in this Supplemental Package may constitute “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Readers are cautioned that forward-looking statements involve risks and uncertainties, which may affect the business and prospects of the Company and the Operating Partnership.  We direct you to the Company’s various filings with the Securities and Exchange Commission including Form 10-K and Form 10-Q for a detailed discussion of risks and uncertainties.

We hope you find this Supplemental Package beneficial.  Any questions, comments or suggestions should be directed to:  Shelly J. Doran, Director of Investor Relations-Simon Property Group, P.O. Box 7033, Indianapolis, IN 46207.  Telephone:  (317) 685-7330; e-mail:  sdoran@simon.com

Simon Property Group Economic Ownership Structure ⁽¹⁾

September 30, 2001

Simon Property Group, Inc. (2)(3)(4)
Common Shareholders			Shares						%
Public Shareholders			167,155,128				96.8					%
Simon Family			4,353,311				2.5					%
DeBartolo Family			34,665				0.0					%
Executive Management (5)			1,276,157						0.7			%
			172,819,261				(4)			100.0		%
	á
	|													Ownership of Simon Property Group, L.P.
	|
	|				171,148,317 units									Simon Property Group, Inc.		%
	|													Public Shareholders		70.2	%
	|													Simon Family		1.8	%
	|													DeBartolo Family		0.0
														Executive Management (5)		0.5	%
														Subtotal		72.5	%
	Simon Property Group, L.P.													Limited Partners
				236,037,664  units										Simon Family		14.7	%
														DeBartolo Family		9.2	%
	|													Executive Management (5)		0.1	%
	|													Other Limited Partners		3.5	%
	|				64,889,347 units									Subtotal		27.5	%
	|													Total		100.0	%
	|
	â
Limited Partners (“Limited Partners”)
Unitholders			Units						%
Simon Family			34,584,455				53.3					%
DeBartolo Family			21,759,328				33.5					%
Executive Management (5)			153,498				0.2					%
Other Limited Partners			8,392,066						13.0			%
			64,889,347				100.0					%

(1)   Schedule excludes preferred stock (see "Preferred Stock/Units Outstanding") and units not convertible into common stock.

(2)   Managing general partner of Simon Property Group, L.P.

(3)   Shares of Simon Property Group, Inc. ("SPG") are paired with beneficial interests in shares of stock of SPG Realty Consultants, Inc.

(4)   The number of outstanding shares of common stock of SPG exceeds the number of Simon Property Group, L.P.  units owned by SPG by 1,670,944.  This is the result of the direct ownership of Ocean County Mall by SPG, partially offset by units issued to SPG in exchange for Northshore Mall.

(5)   Executive management excludes Simon family members.

SIMON PROPERTY GROUP

Changes in Common Shares and Unit Ownership

For the Period from December 31, 2000 through September 30, 2001

		Operating
		Partnership		Company
		Units(1)		Common Shares(2)
Number Outstanding at December 31, 2000		64,966,226		171,945,760
Restricted Stock Awards (Stock Incentive Program), Net		-		457,853
Issuance of Stock for Stock Option Exercises		-		368,851
Conversion of Series A Preferred Stock into Common Stock		-		46,797
Conversion of Units into Cash		(85,064	)	-
Issuance of Units in Connection with Liberty Tree Mall		8,185		-
Number Outstanding at September 30, 2001		64,889,347		172,819,261

Total Common Shares and Units Outstanding at September 30, 2001:
237,708,608 ⁽²⁾

Details for Diluted FFO Calculation:
Company Common Shares Outstanding at September 30, 2001		172,819,261
Number of Common Shares Issuable Assuming Conversion of:
Series A Preferred 6.5% Convertible(3)		1,893,651
Series B Preferred 6.5% Convertible(3)		12,490,773
Net Number of Common Shares Issuable Assuming Exercise of Stock Options		323,785
Diluted Common Shares Outstanding at September 30, 2001		187,527,470

Fully Diluted Common Shares and Units Outstanding at September 30, 2001:

252,416,817

(1)   Excludes units owned by the Company (shown here as Company Common Shares) and units not convertible into  common shares.

(2)   Excludes preferred units relating to preferred stock outstanding (see Schedule of Preferred Stock Outstanding).

(3)   Conversion terms provided in footnotes (1) and (2) on page 8 of this document.

SIMON PROPERTY GROUP

Preferred Stock/Units Outstanding

As of September 30, 2001

($ in 000’s)

						Per Share		Aggregate
				Number of		Liquidation		Liquidation		Ticker
Issuer		Description		Shares/Units		Preference		Preference		Symbol
Preferred Shares:
Convertible
Simon Property Group, Inc.		Series A Preferred		49,839		$1,000		$49,839		N/A
		6.5% Convertible (1)
Simon Property Group, Inc.		Series B Preferred		4,830,057		$100		$483,006		SPGPrB
		6.5% Convertible (2)
Perpetual
Simon Property Group, Inc.		Series E Preferred 8% Cumulative Redeemable (3)		1,000,000		$25		$25,000		N/A
Simon Property Group, Inc.		Series F Preferred		8,000,000		$25		$200,000		SPGPrF
		8 ¾% Perpetual (4)
Simon Property Group, Inc.		Series G Preferred 7.89% Perpetual (5)		3,000,000		$50		$150,000		SPGPrG
Preferred Units:
Simon Property Group, L.P.		Series C 7% Cumulative Convertible Preferred(6)		2,600,895		$28		$72,825		N/A
Simon Property Group, L.P.		Series D 8% Cumulative Redeemable Preferred (7)		2,600,895		$30		$78,027		N/A

(1)   Assumed in connection with the CPI merger.  Each share is convertible into a number of shares of common stock obtained by dividing $1,000 by $26.319 (conversion price), which is subject to adjustment as outlined below.  The stock is not redeemable, except as needed to maintain or bring the direct or indirect ownership of the capital stock of the Company into conformity with the requirements of Section 856(a)(6) of the Code.

(2)   Issued as part of the consideration for the CPI merger.  Each share is convertible into a number of shares of common stock of the Company obtained by dividing $100 by $38.669 (the conversion price), which is subject to adjustment as outlined below.  The Company may redeem the stock on or after September 24, 2003 at a price beginning at 105% of the liquidation preference plus accrued dividends and declining to 100% of the liquidation preference plus accrued dividends any time on or after September 24, 2008.  The shares are traded on the New York Stock Exchange. The closing price on September 30, 2001, was $76.97 per share.  (The conversion prices of the Series A and Series B Convertible Preferred Stock are subject to adjustment by the Company in connection with certain events.)

(3)   Issued in connection with the acquisition of Mall of America.  Simon Property Group, Inc. Series E Preferred 8% Cumulative Redeemable Stock is not redeemable prior to August 27, 2004.

(4)   Represent securities issued to holders of substantially identical securities of SPG Properties, Inc., a former subsidiary of SPG which was merged into SPG effective July 1, 2001.  The shares are redeemable on or after September 29, 2006.  The shares are not convertible into any other securities of SPG.  The shares are traded on the New York Stock Exchange.  The closing price on September 30, 2001, was $24.95 per share.

(5)   Represent securities issued to holders of substantially identical securities of SPG Properties, Inc., a former subsidiary of SPG which was merged into SPG effective July 1, 2001.  The Cumulative Step-Up Premium Rate Preferred Stock was issued at 7.89%. The shares are redeemable after September 30, 2007.  Beginning October 1, 2012, the rate increases to 9.89%. The shares are not convertible into any other securities of SPG.  The shares are traded on the New York Stock Exchange.  The closing price on September 30, 2001 was $46.50 per share.

(6)   Issued in connection with the New England Development Acquisition.  Each unit/share is convertible into 0.75676 shares of common stock on or after August 27, 2004 if certain conditions are met.  Each unit/share is not redeemable prior to August 27, 2009.

(7)   Issued in connection with the New England Development Acquisition.  Each unit/share is not redeemable prior to August 27, 2009.

SIMON PROPERTY GROUP

Reconciliation of Income to Funds From Operations ("FFO")

As of September 30, 2001

(Amounts in thousands, except per share data)

		Three Months Ended						Nine Months Ended
		September 30,						September 30,
The Operating Partnership		2001			2000			2001			2000
Income Before Extraordinary Items and Cumulative Effect of Accounting Change (1)(2)		$	69,585		$	77,434		$	203,330		$	224,482
Plus:   Depreciation and Amortization from Combined Consolidated Properties		110,799			105,600			323,545			302,742
Plus:   Simon's Share of Depreciation and Amortization from Unconsolidated Entities		33,955			30,395			98,675			87,251
Plus:  Write-off of Technology Investments		16,645			-			16,645			-
Less:  (Gain) Loss on Sales of Real Estate		131			(151		)	(2,552		)	(8,809		)
Less:   Minority Interest Portion of Depreciation, Amortization and Extraordinary Items		(1,540		)	(1,491		)	(4,527		)	(4,446		)
Less:   Preferred Distributions (including those of subsidiary)		(19,334		)	(19,334		)	(58,111		)	(58,074		)
FFO of the Simon Portfolio		$	210,241		$	192,453		$	577,005		$	543,146
Percent Increase		9.2		%				6.2		%
FFO of the Simon Portfolio		$	210,241		$	192,453		$	577,005		$	543,146
Basic FFO per Paired Share:
Basic FFO Allocable to the Companies		$	152,683		$	139,472		$	418,965		$	394,021
Basic Weighted Average Paired Shares Outstanding		172,746			172,759			172,413			173,216
Basic FFO per Paired Share		$	0.88		$	0.81		$	2.43		$	2.27
Percent Increase		8.6		%				7.0		%
Diluted FFO per Paired Share:
Diluted FFO Allocable to the Companies		$	162,847		$	148,962		$	447,549		$	421,997
Diluted Weighted Average Number of Equivalent Paired Shares		187,416			187,293			187,153			187,803
Diluted FFO per Paired Share		$	0.87		$	0.80		$	2.39		$	2.25
Percent Increase		8.8		%				6.2		%

(1)   Includes gains on land sales of $5.0 million and $6.3 million for the three months ended September 30, 2001 and 2000, respectively, and $8.3 million and $10.8 million for the nine months ended September 30, 2001 and 2000, respectively.

(2)   Includes straight-line adjustments to minimum rent of $3.3 million and $4.6 million for the three months ended September 30, 2001 and 2000, respectively, and $9.4 million and $14.9 million for the nine months ended September 30, 2001 and 2000, respectively.

SIMON PROPERTY GROUP

Selected Financial Information

As of September 30, 2001

(In thousands, except as noted)

		As of or for the
		Nine Months Ended
		September 30,
		2001			2000			% Change
Financial Highlights of the Company
Total Revenue - Consolidated Properties		$	1,479,593		$	1,459,436		1.4	%
Total EBITDA of the Simon Group Portfolio		$	1,569,950	(5)	$	1,506,114		4.2	%
Simon Group's Share of EBITDA		$	1,190,650	(5)	$	1,160,380		2.6	%
Net Income Available to Common Shareholders		$	103,936		$	111,280		-6.6	%
Basic Net Income per Paired Share		$	0.60		$	0.64		-6.3	%
Diluted Net Income per Paired Share		$	0.60		$	0.64		-6.3	%
FFO of the Simon Portfolio		$	577,005		$	543,146		6.2	%
Basic FFO Allocable to the Companies		$	418,965		$	394,021		6.3	%
Diluted FFO Allocable to the Companies		$	447,549		$	421,997		6.1	%
Basic FFO per Paired Share		$	2.43		$	2.27		7.0	%
Diluted FFO per Paired Share		$	2.39		$	2.25		6.2	%
Distributions per Paired Share		$	1.575		$	1.515		4.0	%
Operational Statistics
Occupancy at End of Period:
Regional Malls (1)		90.6		%	90.5		%	0.1	%
Community Shopping Centers (2)		86.0		%	91.8		%	-5.8	%
Average Base Rent per Square Foot:
Regional Malls (1)		$	29.03		$	27.97		3.8	%
Community Shopping Centers (2)		$	9.81		$	9.22		6.4	%
Releasing Spread, Regional Malls:
Opening Base Rent per Square Foot		$	35.29		$	33.78		4.5	%
Closing Base Rent per Square Foot		$	28.61		$	30.10		-5.0	%
Releasing Spread per Square Foot		$	6.68		$	3.68		81.5	%
Percentage Increase		23.3		%	12.2		%	11.1	%
Regional Malls:
Total Tenant Sales Volume, in millions(3)(4)		$	11,161		$	10,842		2.9	%
Comparable Sales per Square Foot (4)		$	380		$	385		-1.3	%
Total Sales per Square Foot (4)		$	378		$	375		0.8	%
Number of U.S. Properties Open at End of Period		250			251			-0.4	%
Total U.S. GLA at End of Period, in millions of square feet		184.8			184.1			0.4	%

(1)   Includes mall and freestanding stores.

(2)   Includes all Owned GLA.

(3)   Represents only those tenants who report sales.

(4)   Based upon the standard definition of sales for regional malls adopted by the International Council of Shopping Centers which includes only mall and freestanding stores less than 10,000 square feet.

(5)   Excludes technology initiatives.

SIMON PROPERTY GROUP

Selected Financial Information

As of September 30, 2001

(In thousands, except as noted)

		September 30,			September 30,
Equity Information		2001			2000
Limited Partner Units Outstanding at End of Period		64,889			64,966
Paired Shares Outstanding at End of Period		172,819			171,935
Total Common Shares and Units Outstanding at End of Period		237,709			236,901
Basic Weighted Average Paired Shares Outstanding		172,413			173,216
Diluted Weighted Average Number of Equivalent Paired Shares(1)		187,153			187,803
		September 30,			December 31,
		2001			2000
Debt Information
Consolidated Debt		$	8,792,090		$	8,728,582
Simon Group's Share of Joint Venture Debt		$	2,281,283		$	2,186,197
Debt-to-Market Capitalization
Common Stock Price at End of Period		$	26.91		$	24.00
Equity Market Capitalization (2)		$	7,346,851		$	6,596,008
Total Consolidated Capitalization		$	16,138,941		$	15,324,590
Total Capitalization - Including Simon Group's Share of JV Debt		$	18,420,224		$	17,510,787

(1)   Diluted for purposes of computing FFO per share.

(2)   Market value of Common Stock, Units and all issues of Preferred Stock of SPG .

SIMON PROPERTY GROUP

Portfolio GLA, Occupancy & Rent Data

As of September 30, 2001

									Avg. Annualized
								% of Owned		Base Rent Per
				Total		% of		GLA Which		Leased Sq. Ft.
Type of Property		GLA-Sq. Ft.		Owned GLA		Owned GLA		is Leased	of Owned GLA
Regional Malls
-Anchor		97,015,040		30,139,735		27.2	%	97.4	%	$3.93
-Mall Store		56,310,309		56,262,412		50.8	%	90.7	%	$29.75
-Freestanding		3,697,269		1,938,162		1.7	%	90.0	%	$9.30
Subtotal		60,007,578		58,200,574		52.5	%	90.6	%	$29.03
Regional Mall Total		157,022,618		88,340,309		79.7	%	93.0	%
Community Shopping Centers
-Anchor		12,756,415		8,143,108		7.3	%	86.6	%	$7.92
-Mall Store		4,378,652		4,292,894		3.9	%	84.6	%	13.56
-Freestanding		786,132		324,380		.3	%	88.8	%	9.08
Community Ctr. Total		17,921,199		12,760,382		11.5	%	86.0	%	$9.81
Office Portion of Mixed-Use Properties		2,524,311		2,524,311		2.3	%	86.2	%	$19.07
Value-Oriented Super-Regional Malls		6,448,390		6,323,390		5.7	%	93.0	%	$17.47
Other		842,714		831,738		.8	%
GRAND TOTAL		184,759,232		110,780,130		100.00	%

Occupancy History

				Community
As of		Regional Malls(1)		Shopping Centers(2)
9/30/01		90.6%		86.0%
9/30/00		90.5%		91.8%
12/31/00		91.8%		91.5%
12/31/99		90.6%		88.6%
12/31/98		90.0%		91.4%
12/31/97		87.3%		91.3%
12/31/96		84.7%		91.6%

(1)   Includes mall and freestanding stores.

(2)   Includes all Owned GLA.

SIMON PROPERTY GROUP

Rent Information

As of September 30, 2001

Average Base Rent
		Mall & Freestanding			% Change		Community  Shopping Centers			% Change
As of		Stores at Regional Malls
9/30/01		$	29.03		3.8%		$	9.81		6.4%
9/30/00		27.97			-		9.22			-
12/31/00		$	28.31		3.6%		$	9.36		12.0%
12/31/99		27.33			6.3		8.36			8.9
12/31/98		25.70			8.7		7.68			3.2
12/31/97		23.65			14.4		7.44			-2.7
12/31/96		20.68			7.8		7.65			4.9

Rental Rates
		Base Rent (1)
		Store Openings			Store Closings			Amount of Change
Year		During Period			During Period			Dollar			Percentage
Regional Malls:
2001 (YTD)		$	35.29		$	28.61		$	6.68		23.3	%
2000		35.13			29.24			5.89			20.1
1999		31.25			24.55			6.70			27.3
1998		27.33			23.63			3.70			15.7
1997		29.66			21.26			8.40			39.5
1996		23.59			18.73			4.86			25.9
Community Shopping Centers:
2001 (YTD)		$	13.06		$	7.61		$	5.45		71.6	%
2000		14.21			11.51			$	2.70		23.5
1999		10.26			7.44			2.82			37.9
1998		10.43			10.95			(0.52		)	(4.7	)
1997		8.63			9.44			(0.81		)	(8.6	)
1996		8.18			6.16			2.02			32.8

(1)   Represents the average base rent in effect during the period for those tenants who signed leases as compared to the average base rent in effect during the period for those tenants whose leases terminated or expired.

SIMON PROPERTY GROUP

Lease Expirations⁽¹⁾

As of September 30, 2001

		Number of		Square		Avg. Base Rent
Year		Leases Expiring		Feet		per Square Foot
						at 9/30/01
Regional Malls - Mall & Freestanding Stores
2001 (10/1 - 12/31)		237		495,379		$27.22
2002		1,839		3,509,546		28.84
2003		1,976		4,408,775		30.43
2004		1,812		4,513,076		30.35
2005		1,708		5,272,402		28.80
2006		1,739		4,865,862		30.26
2007		1,434		4,318,057		31.77
2008		1,285		4,402,405		30.97
2009		1,331		4,352,256		28.85
2010		1,549		4,673,593		32.98
TOTALS		14,910		40,811,351		$30.37
Regional Malls - Anchor Tenants
2001 (10/1 - 12/31)		-		-		-
2002		15		1,731,048		$1.78
2003		16		1,999,403		2.21
2004		26		2,528,258		3.30
2005		25		3,176,590		2.23
2006		23		2,915,254		2.92
2007		9		1,217,125		1.87
2008		16		1,682,610		4.34
2009		16		1,986,791		2.82
2010		14		1,392,776		4.01
TOTALS		160		18,629,855		$2.80
Community Centers - Mall Stores & Freestanding Stores
2001 (10/1 - 12/31)		16		40,188		$13.28
2002		198		439,579		12.41
2003		164		548,488		12.32
2004		162		511,462		13.59
2005		183		637,510		14.66
2006		116		467,569		14.08
2007		38		286,378		10.27
2008		17		124,444		14.07
2009		15		85,993		18.44
2010		25		192,020		14.79
TOTALS		934		3,333,631		$13.38
Community Centers - Anchor Tenants
2001 (10/1 -12/31)		-		-		-
2002		5		165,825		$6.41
2003		13		379,033		6.69
2004		12		410,586		5.09
2005		17		680,836		6.73
2006		14		556,689		6.20
2007		13		483,661		6.14
2008		9		237,172		11.00
2009		13		530,990		7.27
2010		19		719,935		9.62
TOTALS		115		4,164,727		$7.24

(1)   Does not consider the impact of options to renew that may be contained in leases.

SIMON PROPERTY GROUP

SPG's Share of Total Debt Amortization and Maturities by Year

As of September 30, 2001

(In thousands)

				SPG's Share of			SPG's Share of			SPG's Share of
				Secured			Unsecured			Unconsolidated			SPG's Share of
				Consolidated			Consolidated			Joint Venture			Total
Year				Debt			Debt			Debt			Debt
2001		1		50,753			0			2,966			53,719
2002		2		297,339			422,929			115,040			835,308
2003		3		577,835			1,298,000			309,818			2,185,653
2004		4		710,878			803,535			214,641			1,729,054
2005		5		196,409			660,000			346,014			1,202,423
2006		6		174,780			550,000			332,567			1,057,347
2007		7		380,528			180,000			142,399			702,927
2008		8		50,936			200,000			302,799			553,734
2009		9		338,477			450,000			46,971			835,448
2010		10		106,081			0			300,650			406,731
Thereafter				468,889			725,000			160,571			1,354,461
Subtotal Face Amounts				$	3,352,905		$	5,289,464		$	2,274,437		$	10,916,806
Premiums and Discounts on Indebtedness, Net				(2,354		)	(4,868		)	6,846			(376		)
SPG's Share of Total Indebtedness				$	3,350,551		$	5,284,596		$	2,281,283		$	10,916,430

SIMON PROPERTY GROUP

Summary of Indebtedness

As of September 30, 2001

(In thousands)

				SPG's Share ofIndebtedness
		Total Indebtedness				Weighted Avg.			Weighted Avg. Years
						Interest Rate			to Maturity
Consolidated Indebtedness
Mortgage Debt
Fixed Rate (1)		2,686,455		2,548,276		7.37	%		6.0
Other Hedged Debt		87,000		75,250		5.69	%		2.3
Floating Rate Debt		737,138		729,379		3.34	%		2.8
Total Mortgage Debt		3,510,593		3,352,905		6.58	%		5.3
Unsecured Debt
Fixed Rate		4,318,200		4,318,200		7.21	%		5.4
Floating Rate Debt		183,264		183,264		5.97	%		0.6
Subtotal		4,501,464		4,501,464		7.16	%		5.2
Revolving Corporate Credit Facility		583,000		583,000		3.28	%		1.9
Revolving Corporate Credit Facility (Hedged)		140,000		140,000		3.28	%		1.9
Unsecured Term Loan		65,000		65,000		3.43	%		1.9
Total Unsecured Debt		5,289,464		5,289,464		6.50	%		4.8
Adjustment to Fair Market Value - Fixed Rate		(8,040	)	(7,295	)	N/A			N/A
Adjustment to Fair Market Value - Variable Rate		73		73		N/A			N/A
Consolidated Mortgages and Other Indebtedness		8,792,090		8,635,147		6.53	%		5.0
Joint Venture Indebtedness
Mortgage Debt
Fixed Rate		3,774,617		1,611,903		7.52	%		6.2
Other Hedged Debt		1,037,900		413,319		3.55	%		2.8
Floating Rate Debt		619,417		245,959		4.14	%		2.2
Subtotal		5,431,934		2,271,181		6.43	%		5.1
Unsecured Fixed Rate Debt		6,511		3,256		7.93	%		4.3
Total Unsecured Debt		6,511		3,256		7.93	%		4.2
Adjustment to Fair Market Value - Fixed Rate		13,686		6,846		N/A			N/A
Joint Venture Mortgages and Other Indebtedness		5,452,131		2,281,283		6.43	%		5.1
SPG's Share of Total Indebtedness				10,916,430		6.51	%		5.0

(1)  Includes $163,200 of variable rate debt, of which $127,169 is SPG's share, that is effectively fixed to maturity through the use of interest rate hedges.

SIMON PROPERTY GROUP

Summary of Indebtedness By Maturity

As of September 30, 2001

(In thousands)

										SPG's		Weighted Avg
Property				Maturity		Interest		Total		Share of		Interest Rate
Name				Date		Rate		Indebtedness		Indebtedness		by Year
Consolidated Indebtedness
Fixed Rate Mortgage Debt:
Lima Mall - 1				03/01/02		7.12	%	14,180		14,180
Lima Mall - 2				03/01/02		7.12	%	4,723		4,723
Columbia Center				03/01/02		7.62	%	42,326		42,326
Northgate Shopping Center				03/01/02		7.62	%	79,035		79,035
River Oaks Center				06/01/02		8.67	%	32,500		32,500
North Riverside Park Plaza - 1				09/01/02		9.38	%	3,607		3,607
North Riverside Park Plaza - 2				09/01/02		10.00	%	3,481		3,481
South Park Mall - 3		(8	)	09/15/02		7.01	%	2,000		2,000
Hutchinson Mall - 2		(9	)	09/15/02		6.81	%	4,456		4,456
Hutchinson Mall - 1		(9	)	11/01/02		8.44	%	11,106		11,106
Palm Beach Mall				12/15/02		7.50	%	47,373		47,373
Subtotal 2002								244,787		244,787		7.77	%
Raleigh Springs Mall				02/23/03		4.28	%	11,000		11,000
Principal Mutual Mortgages - Pool 1		(1),(8	)	03/15/03		6.66	%	76,950		76,950
Principal Mutual Mortgages - Pool 2		(1),(9	)	03/15/03		6.62	%	110,337		110,337
South Park Mall		(8	)	06/15/03		7.25	%	23,680		23,680
Century III Mall				07/01/03		6.78	%	66,000		66,000
Miami International Mall				12/21/03		6.91	%	44,836		26,902
Subtotal 2003								332,803		314,869		6.65	%
Battlefield Mall - 1				01/01/04		7.50	%	45,383		45,383
Battlefield Mall - 2				01/01/04		6.81	%	43,651		43,651
Forum Phase I - Class A-2				05/15/04		6.19	%	44,386		26,632
Forum Phase II - Class A-2				05/15/04		6.19	%	40,614		22,338
Forum Phase I - Class A-1				05/15/04		7.13	%	46,996		28,198
Forum Phase II - Class A-1				05/15/04		7.13	%	43,004		23,652
CMBS Loan - Variable Component		(5	)	12/15/04		6.20	%	50,000		50,000
CMBS Loan - Fixed Component				12/15/04		7.31	%	175,000		175,000
Subtotal 2004								489,034		414,853		6.99	%
Tippecanoe Mall - 1		(3	)	01/01/05		8.45	%	43,975		43,975
Tippecanoe Mall - 2		(3	)	01/01/05		6.81	%	15,524		15,524
Melbourne Square				02/01/05		7.42	%	37,960		37,960
Cielo Vista Mall - 2				11/01/05		8.13	%	1,315		1,315
Subtotal 2005								98,774		98,774		7.79	%
Treasure Coast Square - 1				01/01/06		7.42	%	50,893		50,893
Treasure Coast Square - 2				01/01/06		8.06	%	11,812		11,812
Gulf View Square				10/01/06		8.25	%	35,954		35,954
Paddock Mall				10/01/06		8.25	%	28,592		28,592
Subtotal 2006								127,251		127,251		7.90	%
Lakeline Mall				05/01/07		7.65	%	70,727		70,727
Cielo Vista Mall - 1		(4	)	05/01/07		9.38	%	53,142		53,142
Cielo Vista Mall - 3		(4	)	05/01/07		6.76	%	37,787		37,787
McCain Mall - 1		(4	)	05/01/07		9.38	%	24,815		24,815
McCain Mall - 2		(4	)	05/01/07		6.76	%	17,441		17,441
Valle Vista Mall - 1		(4	)	05/01/07		9.38	%	32,866		32,866
Valle Vista Mall - 2		(4	)	05/01/07		6.81	%	7,754		7,754
University Park Mall				10/01/07		7.43	%	59,500		35,700
Subtotal 2007								304,032		280,232		8.11	%
Arsenal Mall - 1				09/28/08		6.75	%	33,951		33,951
Subtotal 2008								33,951		33,951		6.75	%
College Mall - 1		(3	)	01/01/09		7.00	%	39,748		39,748
College Mall - 2		(3	)	01/01/09		6.76	%	11,639		11,639
Greenwood Park Mall - 1		(3	)	01/01/09		7.00	%	33,290		33,290
Greenwood Park Mall - 2		(3	)	01/01/09		6.76	%	60,138		60,138
Towne East Square - 1		(3	)	01/01/09		7.00	%	52,550		52,550
Towne East Square - 2		(3	)	01/01/09		6.81	%	24,255		24,255
Bloomingdale Court				10/01/09		7.78	%	29,406		29,406
Forest Plaza				10/01/09		7.78	%	16,128		16,128
Lake View Plaza				10/01/09		7.78	%	21,439		21,439
Lakeline Plaza				10/01/09		7.78	%	23,505		23,505
Lincoln Crossing				10/01/09		7.78	%	3,246		3,246
Matteson Plaza				10/01/09		7.78	%	9,441		9,441
Muncie Plaza				10/01/09		7.78	%	8,162		8,162
Regency Plaza				10/01/09		7.78	%	4,425		4,425
St. Charles Towne Plaza				10/01/09		7.78	%	28,324		28,324
West Ridge Plaza				10/01/09		7.78	%	5,704		5,704
White Oaks Plaza				10/01/09		7.78	%	17,407		17,407
Subtotal 2009								388,807		388,807		7.28	%
Trolley Square				08/01/10		9.03	%	29,560		26,604
Crystal River				11/11/10		7.63	%	16,193		16,193
Biltmore Square				12/11/10		7.95	%	26,000		17,342
Port Charlotte Town Center				12/11/10		7.98	%	53,250		42,600
Subtotal 2010								125,003		102,739		8.19	%
Knoxville Center		(10	)	08/11/11		6.99	%	63,806		63,806
Ingram Park Mall		(10	)	08/11/11		6.99	%	84,259		84,259
Towne West Square		(10	)	08/11/11		6.99	%	55,155		55,155
Northlake Mall		(10	)	08/11/11		6.99	%	73,607		73,607
Tacoma Mall		(10	)	09/28/11		7.00	%	135,000		135,000
Subtotal 2011								411,827		411,827		6.99	%
Chesapeake Center				05/15/15		8.44	%	6,563		6,563
Grove at Lakeland Square, The				05/15/15		8.44	%	3,750		3,750
Terrace at Florida Mall, The				05/15/15		8.44	%	4,688		4,688
Subtotal 2015								15,001		15,001		8.44	%
Arsenal Mall - 2				05/15/16		8.20	%	2,080		2,080
Subtotal 2016								2,080		2,080		8.20	%
Sunland Park Mall				01/01/26		8.63	%	38,375		38,375
Subtotal 2026								38,375		38,375		8.63	%
Keystone at the Crossing				07/01/27		7.85	%	62,352		62,352
Subtotal 2027								62,352		62,352		7.85	%
Other								12,378		12,378
Total Consolidated Fixed Rate Mortgage Debt								2,686,455		2,548,276		7.37	%
Variable Rate Mortgage Debt:
Randall Park Mall - 1				12/11/01		5.73	%	35,000		35,000
Randall Park Mall - 2				12/11/01		7.63	%	5,000		5,000
Subtotal 2001								40,000		40,000		5.97	%
White Oaks Mall				03/01/02		5.26	%	16,500		9,062
Highland Lakes Center				03/01/02		4.13	%	12,877		12,877
Mainland Crossing				03/31/02		4.13	%	1,603		1,282
Bowie Mall -1		(6	)	12/14/02		4.13	%	4,500		4,500
Subtotal 2002								35,480		27,721		4.50	%
Richmond Towne Square		(1	)	07/15/03		3.63	%	58,646		58,646
Shops @ Mission Viejo		(1	)	08/31/03		3.68	%	145,256		145,256
Arboretum		(1	)	11/30/03		4.13	%	34,000		34,000
Subtotal 2003								237,902		237,902		3.73	%
Jefferson Valley Mall		(1	)	01/11/04		3.88	%	60,000		60,000
North East Mall		(1	)	05/21/04		4.01	%	148,794		148,794
Waterford Lakes		(1	)	08/16/04		4.03	%	65,781		65,781
Subtotal 2004								274,575		274,575		3.98	%
Brunswick Square		(1	)	06/12/05		4.13	%	45,000		45,000
Bowie Mall -2		(1),(6	)	12/14/05		4.13	%	34,181		34,181
Subtotal 2005								79,181		79,181		4.13	%
Chesapeake Square				07/01/06		5.38	%	47,000		35,250
Riverway		(1	)	10/01/06		3.78	%	110,000		110,000
Subtotal 2006								157,000		145,250		4.17	%
Total Variable Rate Mortgage Debt								824,138		804,629		4.07	%
Total Consolidated Mortgage Debt								3,510,593		3,352,905		6.58	%
Fixed Rate Unsecured Debt:
Unsecured Notes - CPI 1				03/15/02		9.00	%	250,000		250,000
Subtotal 2002								250,000		250,000		9.00	%
Unsecured Notes - CPI 2				04/01/03		7.05	%	100,000		100,000
SPG, LP (Bonds)				06/15/03		6.63	%	375,000		375,000
SPG, LP (PATS)				11/15/03		6.75	%	100,000		100,000
Subtotal 2003								575,000		575,000		6.72	%
SCA (Bonds)				01/15/04		6.75	%	150,000		150,000
SPG, LP (Bonds)				02/09/04		6.75	%	300,000		300,000
SPG, LP (Bonds)				07/15/04		6.75	%	100,000		100,000
Simon ERE Facility		(1	)	07/31/04		7.75	%	28,200		28,200
Unsecured Notes - CPI 3				08/15/04		7.75	%	150,000		150,000
Subtotal 2004								728,200		728,200		6.99	%
SCA (Bonds)				05/15/05		7.63	%	110,000		110,000
SPG, LP (Bonds)				06/15/05		6.75	%	300,000		300,000
SPG, LP (MTN)				06/24/05		7.13	%	100,000		100,000
SPG, LP (Bonds)				10/27/05		6.88	%	150,000		150,000
Subtotal 2005								660,000		660,000		6.98	%
SPG, LP (Notes)				01/20/06		7.38	%	300,000		300,000
SPG, LP (Bonds)				11/15/06		6.88	%	250,000		250,000
Subtotal 2006								550,000		550,000		7.15	%
SPG, LP (MTN)				09/20/07		7.13	%	180,000		180,000
Subtotal 2007								180,000		180,000		7.13	%
SPG, LP (MOPPRS)				06/15/08		7.00	%	200,000		200,000
Subtotal 2008								200,000		200,000		7.00	%
SPG, LP (Bonds)				02/09/09		7.13	%	300,000		300,000
SPG, LP (Bonds)				07/15/09		7.00	%	150,000		150,000
Subtotal 2009								450,000		450,000		7.08	%
SPG, LP (Notes)				01/20/11		7.75	%	200,000		200,000
Subtotal 2011								200,000		200,000		7.75	%
Unsecured Notes - CPI 4				09/01/13		7.18	%	75,000		75,000
Subtotal 2013								75,000		75,000		7.18	%
Unsecured Notes - CPI 5				03/15/16		7.88	%	250,000		250,000
Subtotal 2016								250,000		250,000		7.88	%
SPG, LP (Bonds)				06/15/18		7.38	%	200,000		200,000
Subtotal 2018								200,000		200,000		7.38	%
Total Unsecured Fixed Rate Debt								4,318,200		4,318,200		7.21	%
Variable Rate Unsecured Debt:
SPG, L.P. Unsecured Term Loan - 1				02/28/02		3.43	%	150,000		150,000
SPG, L.P. Unsecured Term Loan - 2		(1	)	03/30/02		3.63	%	22,929		22,929
Subtotal 2002								172,929		172,929		3.46	%
Corporate Revolving Credit Facility		(1	)	08/25/03		3.28	%	723,000		723,000
Subtotal 2003								723,000		723,000		3.28	%
SPG, L.P. Unsecured Term Loan - 3		(1	)	03/15/04		3.43	%	65,000		65,000
Simon ERE Facility		(1	)	07/31/04		3.23	%	10,335		10,335
Subtotal 2004								75,335		75,335		3.40	%
Total Unsecured Variable Rate Debt								971,264		971,264		3.32	%
Total Unsecured Debt								5,289,464		5,289,464		6.50	%
Net Premium on Fixed-Rate Indebtedness								(8,040	)	(7,295	)	N/A
Net Premium on Variable-Rate Indebtedness								73		73		N/A
Total Consolidated Debt								8,792,090		8,635,147		6.53	%
Joint Venture Indebtedness
Fixed Rate Mortgage Debt:
Square One				01/01/02		8.40	%	103,478		50,847
Subtotal 2002								103,478		50,847		8.40	%
Crystal Mall				02/01/03		8.66	%	47,125		35,141
Avenues, The				05/15/03		8.36	%	55,463		13,866
Subtotal 2003								102,588		49,006		8.58	%
Solomon Pond				02/01/04		7.83	%	94,330		46,351
Northshore Mall				05/14/04		9.05	%	161,000		79,111
Indian River Commons				11/01/04		7.58	%	8,329		4,165
Indian River Mall				11/01/04		7.58	%	46,215		23,108
Subtotal 2004								309,874		152,735		8.42	%
Westchester, The - 1				09/01/05		8.74	%	148,437		59,375
Westchester, The - 2				09/01/05		7.20	%	52,657		21,063
Subtotal 2005								201,094		80,438		8.34	%
Cobblestone Court				01/01/06		7.64	%	6,180		2,163
Crystal Court				01/01/06		7.64	%	3,570		1,250
Fairfax Court				01/01/06		7.64	%	10,320		2,709
Gaitway Plaza				01/01/06		7.64	%	7,350		1,715
Plaza at Buckland Hills, The				01/01/06		7.64	%	17,570		6,018
Ridgewood Court				01/01/06		7.64	%	8,090		2,832
Royal Eagle Plaza				01/01/06		7.64	%	7,920		2,772
Village Park Plaza				01/01/06		7.64	%	8,960		3,136
West Town Corners				01/01/06		7.64	%	10,330		2,411
Westland Park Plaza				01/01/06		7.64	%	4,950		1,155
Willow Knolls Court				01/01/06		7.64	%	6,490		2,272
Yards Plaza, The				01/01/06		7.64	%	8,270		2,895
CMBS Loan - Fixed Component		(7	)	05/01/06		7.41	%	300,000		150,000
CMBS Loan - Fixed Component – 2		(7	)	05/15/06		8.13	%	57,100		28,550
Great Northeast Plaza				06/01/06		9.04	%	17,217		8,609
Smith Haven Mall				06/01/06		7.86	%	115,000		28,750
Mall of Georgia Crossing				06/09/06		7.25	%	34,221		17,111
Greendale Mall				11/01/06		8.23	%	41,498		20,391
Subtotal 2006								665,036		284,736		7.65	%
Town Center at Cobb - 1				04/01/07		7.54	%	49,219		24,610
Town Center at Cobb - 2				04/01/07		7.25	%	64,416		32,208
Gwinnett Place - 1				04/01/07		7.54	%	38,631		19,316
Gwinnett Place - 2				04/01/07		7.25	%	84,643		42,322
Mall at Rockingham				08/01/07		7.88	%	99,136		24,356
Subtotal 2007								336,045		142,811		7.45	%
Metrocenter				02/28/08		8.45	%	30,001		15,001
Aventura Mall - A				04/06/08		6.55	%	141,000		47,000
Aventura Mall - B				04/06/08		6.60	%	25,400		8,467
Aventura Mall - C				04/06/08		6.89	%	33,600		11,200
West Town Mall				05/01/08		6.90	%	76,000		38,000
Mall of New Hampshire - 1				10/01/08		6.96	%	103,008		50,616
Mall of New Hampshire - 2				10/01/08		8.53	%	8,385		4,120
Grapevine Mills - 1				10/01/08		6.47	%	155,000		58,125
Ontario Mills – 5				11/02/08		6.75	%	141,002		35,251
Source, The				11/06/08		6.65	%	124,000		31,000
Grapevine Mills - 2				11/05/08		8.39	%	14,427		5,410
Ontario Mills – 6				12/05/08		8.00	%	10,500		2,625
Subtotal 2008								862,323		306,814		6.86	%
Apple Blossom Mall				09/10/09		7.99	%	40,392		19,848
Auburn Mall				09/10/09		7.99	%	47,288		23,236
Ontario Mills – 4				12/28/09		6.00	%	4,198		1,050
Subtotal 2009								91,878		44,133		7.94	%
Mall of Georgia				07/01/10		7.09	%	200,000		100,000
Coral Square				10/01/10		8.00	%	90,000		45,000
Arizona Mills				10/05/10		7.90	%	145,100		38,184
Florida Mall, The				11/13/10		7.55	%	268,399		134,200
Subtotal 2010								703,499		317,384		7.51	%
Atrium at Chestnut Hill				03/11/11		6.89	%	48,937		24,046
Cape Cod Mall				03/11/11		6.80	%	99,557		48,920
Highland Mall				06/30/11		6.83	%	70,953		35,477
Fashion Centre Pentagon Retail				09/11/11		6.63	%	167,000		70,975
Polska Shopping Mall				12/30/11		6.49	%	12,355		3,583
Subtotal 2011								398,802		183,001		6.74	%
Total Joint Venture Fixed Rate Mortgage Debt								3,774,617		1,611,903		7.52	%
Variable Rate Mortgage Debt:
Montreal Forum				01/31/02		7.50	%	32,843		11,700
Shops at Sunset Place, The				06/30/02		3.78	%	113,829		42,686
Subtotal 2002								146,672		54,386		4.58	%
Dadeland Mall				02/01/03		3.43	%	140,000		70,000
CMBS Loan - Floating Component		(7	)	05/01/03		3.13	%	184,500		92,250
Concord Mills		(1	)	12/02/03		3.98	%	180,288		67,608
Liberty Tree Mall		(1	)	10/01/03		4.13	%	46,160		22,682
Subtotal 2003								550,948		252,540		3.53	%
Circle Centre Mall - 1		(1	)	01/31/04		3.07	%	60,000		8,802
Circle Centre Mall - 2		(1	)	01/31/04		4.13	%	7,500		1,100
Orlando Premium Outlets		(1	)	02/12/04		3.93	%	58,173		29,087
Fashion Centre Pentagon Office		(1	)	09/10/04		4.13	%	33,000		14,025
Subtotal 2004								158,673		53,014		3.84	%
Mall of America		(1	)	03/10/05		3.14	%	312,000		85,800
Emerald Square Mall		(1	)	04/01/05		4.12	%	145,000		71,249
Arundel Mills		(1	)	04/30/05		4.03	%	155,124		58,172
Northfield Square		(1	)	04/30/05		5.13	%	37,000		11,692
Seminole Towne Center		(1	)	07/01/05		5.13	%	70,500		31,725
Subtotal 2005								719,624		258,638		3.94	%
CMBS Loan - Floating Component – 2		(7	)	05/15/06		3.00	%	81,400		40,700
Subtotal 2006								81,400		40,700		3.00	%
Total Joint Venture Variable Rate Debt								1,657,317		659,278		3.77	%
Unsecured Debt:
Merchantwired				12/31/05		7.93	%	6,511		3,256
Subtotal 2005								6,511		3,256		7.93	%
Total Unsecured Debt								6,511		3,256		7.93	%
CMBS Loan - Fixed Premium								14,179		7,089
Net Premium on NED Fixed-Rate Indebtedness								(493	)	(242	)
Total Joint Venture Debt								5,452,131		2,281,283		6.43	%
SPG's Share of Total  Indebtedness								14,244,221		10,916,430		6.51	%

Footnotes:

(1)           Includes applicable extensions available at Simon Group's option.

(2)           This unsecured loan was previously secured by a mortgage of Eastgate Consumer Mall.

(3)           This Pool is secured by cross-collateralized and cross-defaulted mortgages encumbering these four Properties.

(4)           This Pool is secured by cross-collateralized and cross-defaulted mortgages encumbering these three Properties.

(5)           Through an interest rate protection agreement, effectively fixed at an all-in rate of 6.2% .

(6)           These Notes are cross-collateralized.

(7)           These Commercial Mortgage Notes are secured by cross-collateralized mortgages encumbering thirteen Properties.  A weighted average rate is used.

(8)           This Principal Mutual Pool 1 loan is secured by cross-collateralized and cross-defaulted mortgages encumbering four of the Properties (Anderson, Forest Village Park,Longview, and South Park).A weighted average rate is used for these Pool 1 Properties.

(9)           This property is a component of Pool 2 with Principal Mutual.  The loan is secured by cross-collateralized and cross-defaulted mortgages encumbering sixof the Properties (Eastland, Hutchinson, Markland, Midland, North Towne Square and Forest Mall).

(10)         These four notes are cross-collateralized.

SIMON PROPERTY GROUP

Summary of Variable Rate Debt and Interest Rate Protection Agreements

As of September 30, 2001

(In thousands)

				Principal		SPG		SPG's		Interest				Terms of
Property		Maturity		Balance		Ownership		Share of		Rate (1)		Terms of		Interest Rate Protection
Name		Date		9/30/01		%		Loan Balance		9/30/01		Variable Rate		Agreement
Consolidated Indebtedness:
Variable Rate Debt Effectively Fixed to Maturity:
Forum Phase I - Class A-2		05/15/04		44,386		60.00	%	26,632		6.190	%	LIBOR + 0.300	%	Through an interest rate protection agreement, effectively fixed at an all-in-rate of 6.19% .
Forum Phase II - Class A-2		05/15/04		40,614		55.00	%	22,338		6.190	%	LIBOR + 0.300	%	Through an interest rate protection agreement, effectively fixed at an all-in-rate of 6.19% .
Simon ERE Facility - Swap component		07/31/04		28,200		100.00	%	28,200		7.750	%	EURIBOR + 0.600	%	Through a cross-currency swap, effectively fixed EURIBORat rate of 7.75%
CMBS Loan - Variable Component		12/15/04		50,000		100.00	%	50,000		6.200	%	LIBOR + 0.405	%	Through an interest rate protection agreement, effectively fixed at an all-in-rate of 6.2%.
				163,200				127,169
Other Hedged Debt:
Randall Park Mall - 1		12/11/01		35,000		100.00	%	35,000		5.730	%	LIBOR + 3.100	%	LIBOR Capped at a rate of 6.40% through maturity.  Embedded floor is set at 5.25%
Randall Park Mall - 2		12/11/01		5,000		100.00	%	5,000		7.630	%	LIBOR + 5.000	%	LIBOR Capped at a rate of 6.40% through maturity.  Embedded floor is set at 5.25%
Unsecured Revolving Credit Facility - (1.25B - capped)		08/25/03		140,000		100.00	%	140,000		3.280	%	LIBOR + 0.650	%	LIBOR Capped at a rate Subject to an 11.53 % LIBOR cap on $90M and a 16.77% LIBOR cap  on $50M%
Chesapeake Square		07/01/06		47,000		75.00	%	35,250		5.380	%	LIBOR + 2.750	%	LIBOR Capped at a rate of 6.5%  through July 1, 2004.
				227,000				215,250
Floating Rate Debt:
SPG, L.P. Unsecured Term Loan - 1		02/28/02		150,000		100.00	%	150,000		3.430	%	LIBOR + 0.800	%
Highland Lakes Center		03/01/02		12,877		100.00	%	12,877		4.130	%	LIBOR + 1.500	%
White Oaks Mall		03/01/02		16,500		54.92	%	9,062		5.260	%	LIBOR + 1.300	%	Based on 90-day LIBOR (set on August 31, 2001).
SPG, L.P. Unsecured Term Loan - 2		03/30/02		22,929		100.00	%	22,929		3.630	%	LIBOR + 1.000	%
Mainland Crossing		03/31/02		1,603		80.00	%	1,282		4.130	%	LIBOR + 1.500	%
Bowie Mall -1		12/14/02		4,500		100.00	%	4,500		4.130	%	LIBOR + 1.500	%
Richmond Towne Square		07/15/03		58,646		100.00	%	58,646		3.630	%	LIBOR + 1.000	%
Unsecured Revolving Credit Facility		08/25/03		583,000		100.00	%	583,000		3.280	%	LIBOR + 0.650	%
Shops @ Mission Viejo		08/31/03		145,256		100.00	%	145,256		3.680	%	LIBOR + 1.050	%
Arboretum		11/30/03		34,000		100.00	%	34,000		4.130	%	LIBOR + 1.500	%
Jefferson Valley Mall		01/11/04		60,000		100.00	%	60,000		3.880	%	LIBOR + 1.250	%
SPG, L.P. Unsecured Term Loan - 3		03/15/04		65,000		100.00	%	65,000		3.430	%	LIBOR + 0.800	%
North East Mall		05/21/04		148,794		100.00	%	148,794		4.005	%	LIBOR + 1.375	%
Simon ERE Facility - Variable component		07/31/04		10,335		100.00	%	10,335		3.230	%	EURIBOR + 0.600	%
Waterford Lakes		08/16/04		65,781		100.00	%	65,781		4.030	%	LIBOR + 1.400	%
Brunswick Square		06/12/05		45,000		100.00	%	45,000		4.130	%	LIBOR + 1.500	%
Bowie Mall -2		12/14/05		34,181		100.00	%	34,181		4.130	%	LIBOR + 1.500	%
Riverway		10/01/06		110,000		100.00	%	110,000		3.780	%	LIBOR + 1.150	%
				1,568,402				1,560,643
Joint Venture Indebtedness:
Other Hedged Debt:
Dadeland Mall		02/01/03		140,000		50.00	%	70,000		3.430	%	LIBOR + 0.800	%	LIBOR Capped at  8.45% through February 1, 2002%.
CMBS Loan - Floating Component (IBM)		05/01/03		184,500		50.00	%	92,250		3.128	%	LIBOR + 0.4965	%(2)	LIBOR Capped at 11.53%  through maturity.  (3)
Circle Centre Mall - 1		01/31/04		60,000		14.67	%	8,802		3.070	%	LIBOR + 0.440	%	LIBOR Capped at  8.81% through January 31, 2002%.
Circle Centre Mall - 2		01/31/04		7,500		14.67	%	1,100		4.130	%	LIBOR + 1.500	%	LIBOR Capped at  7.75% through January 31, 2002%.
Emerald Square Mall		04/01/05		145,000		49.14	%	71,249		4.118	%	LIBOR + 1.488	%	LIBOR Capped at  7.73% through March 31, 2003%.
Mall of America		03/10/05		312,000		27.50	%	85,800		3.143	%	LIBOR + 0.513	%	LIBOR Capped at 8.7157% through March 12, 2003%.
Northfield Square		04/30/05		37,000		31.60	%	11,692		5.130	%	LIBOR + 2.500	%	LIBOR Capped at 8.50% through April 30,2003, embedded.
Seminole Towne Center		07/01/05		70,500		45.00	%	31,725		5.130	%	LIBOR + 2.500	%	LIBOR Capped at 8% through July 1, 2003.
CMBS Loan - Floating Component - 2 (IBM)		05/15/06		81,400		50.00	%	40,700		3.000	%	LIBOR + 0.3695	%(2)	LIBOR Capped at  11.83% through maturity.
				1,037,900				413,319
Floating Rate Debt:
Montreal Forum		01/31/02		32,843		35.63	%	11,700		7.500	%	Canadian Prime
Shops at Sunset Place, The		06/30/02		113,829		37.50	%	42,686		3.780	%	LIBOR + 1.150	%
Liberty Tree Mall		10/01/03		46,160		49.14	%	22,682		4.130	%	LIBOR + 1.500	%
Concord Mills		12/02/03		180,288		37.50	%	67,608		3.980	%	LIBOR + 1.350	%
Orlando Premium Outlets		02/12/04		58,173		50.00	%	29,087		3.930	%	LIBOR + 1.300	%
Arundel Mills		04/30/05		155,124		37.50	%	58,172		4.030	%	LIBOR + 1.400	%
Fashion Centre Pentagon Office		09/10/04		33,000		42.50	%	14,025		4.130	%	LIBOR + 1.500	%
				619,417				245,959

SIMON PROPERTY GROUP

New Development Activities

As of September 30, 2001

Simon

Total

Non-Anchor

Group's

Actual/

Projected

Sq. Footage

Mall/

Ownership

Projected

Cost (1)

Leased/

GLA

Location

Percentage

Opening

($in millions)

Committed

(sq. ft.)

Projects Under Construction

Bowie Town Center Bowie, MD

100.0

%

18-Oct-01

$

66

100

%

657,000

Anchors/Major Tenants:

Hecht's, Sears, Old Navy, Barnes & Noble, Bed Bath & Beyond, Safeway

(1) Includes soft costs such as architecture and engineering fees, tenant costs (allowances/leasing commissions), development, legaland other fees, marketing costs, cost of capital, and other related costs.

SIMON  PROPERTY GROUP

Significant Renovation/Expansion Activities

As of September 30, 2001

		Simon Group's		Actual/		Projected Cost		GLA Before		New or Incremental
Mall/		Ownership		Projected		(in millions)		Renov/Expan		GLA
Location		Percentage		Opening		(1)		(sq. ft.)		(sq. ft.)
Recently Completed
The Shops at Mission Viejo		100	%	8/01		$146		817,000		427,000
Mission Viejo, CA
Project Description:		Macy's expansion (opened 8/01 )
		Previously opened:  Old Navy, PF Chang's and California Café (12/00);
		Robinsons-May expansion and remodel and food court addition (10/00);
		New Nordstrom, small shop expansion and renovation, new parking structure;
		new Saks Fifth Avenue (9/99)
North East Mall		100	%	10/01		$103		1,141,000		308,000
Hurst, TX
Project Description:		New Foley's (opened 10/01)
		Previously opened:  New Nordstrom (3/01); new Saks Fifth Avenue, mall
		renovation and parking deck (9/00); JCPenney remodel and expansion and
		parking deck (11/99); new Dillard's, mall expansion and parking deck (9/99)

(1)  Includes soft costs such as architecture and engineering fees, tenant costs (allowances/leasing commissions), development,legal and other fees, marketing costs, cost of capital, and other related costs.

SIMON PROPERTY GROUP

Capital Expenditures

For the Nine Months Ended September 30, 2001

(In millions)

					Joint Venture Properties
		Consolidated						Simon’s
		Properties			Total			Share
New Developments		$	59.6		$	44.0		$	16.9
Renovations and Expansions		76.3			35.0			16.2
Tenant Allowances		37.0			15.9			6.1
Operational Capital Expenditures at Properties		19.8			7.0			3.1
Other		-			-			-
Totals		$	192.7		$	101.9		$	42.3