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EXHIBIT 21.1


List of Subsidiaries of Simon Property

Subsidiary

  Jurisdiction

Simon Property Group, L.P.   Delaware
SPG Realty Consultants, L.P.   Delaware
The Retail Property Trust   Massachusetts
Simon Property Group (Illinois), L.P.   Illinois
Simon Property Group (Texas), L.P.   Texas
Shopping Center Associates   New York
DeBartolo Capital Partnership   Delaware
Simon Capital Limited Partnership   Delaware
SDG Macerich Properties, L.P.   Delaware
M.S. Management Associates, Inc.   Delaware
M.S. Management Associates (Indiana), Inc.   Indiana
Mayflower Realty LLC   Delaware
Rosewood Indemnity, Ltd.   Bermuda
Marigold Indemnity, Ltd.   Delaware
Simon Business Network, LLC   Delaware
Simon Brand Ventures, LLC   Delaware
Simon Global Limited   United Kingdom
Simon Services, Inc.   Delaware
Simon Property Group Administrative Services Partnership, L.P.   Delaware
SPGGC, Inc.   Maryland
Kravco Simon Investments, L.P.   Pennsylvania
Kravco Simon Company   Pennsylvania

            Omits names of subsidiaries that as of December 31, 2003 were not, in the aggregate, a "significant subsidiary".

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List of Subsidiaries of Simon Property