What Will Simon Property Group Take Public With Its SPAC?
Back in February, mall REIT (real estate investment trust) giant Simon Property Group (NYSE: SPG) launched a special purpose acquisition company, or SPAC. Now, Simon Property Acquisition (NYSE: SPGS.U), which raised about $300 million in its IPO, is still searching for a target. In this Fool Live video clip, recorded on July 1, Millionacres editor Deidre Woollard and senior real estate analyst Matt Frankel, CFP, discuss what type of business this blank-check company might be targeting.
Source Fool.com
