{"id":1004606429,"date":"2022-10-11T05:26:36","date_gmt":"2022-10-11T13:26:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004606429"},"modified":"2022-12-08T20:35:51","modified_gmt":"2022-12-09T04:35:51","slug":"simon-jamestown-strike-partnership-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/simon-jamestown-strike-partnership-deal\/","title":{"rendered":"Simon, Jamestown Strike Partnership Deal"},"content":{"rendered":"<div id=\"attachment_1004493538\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Deal-e1652784072414.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004493538\" data-attachment-id=\"1004493538\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/tiaa-healthcare-realty-form-joint-venture\/deal\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Deal-e1652784072414.jpg\" data-orig-size=\"800,599\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Image by Adam Radosavljevic via Pixabay.com\" data-image-description=\"&lt;p&gt;https:\/\/pixabay.com\/photos\/handshake-cooperation-partnership-3298455\/&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Image by Adam Radosavljevic via Pixabay.com&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Deal-e1652784072414.jpg?w=800\" class=\"size-medium wp-image-1004493538\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Deal-e1652784072414.jpg?w=300\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Deal-e1652784072414.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Deal-e1652784072414.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Deal-e1652784072414.jpg?resize=768,575 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004493538\" class=\"wp-caption-text\">Image by Adam Radosavljevic via Pixabay.com<\/p><\/div>\n<p>In a step that brings together a giant retail REIT and a leading placemaker, Simon Property Group and Jamestown are joining forces in a new strategic partnership, the companies announced on Tuesday morning. Simon will acquire a 50 percent stake in Jamestown from the company\u2019s founding partners, Christoph and Ute Kahl.<\/p>\n<p>Matt Bronfman, the firm\u2019s CEO, and Michael Phillips, its president, will continue in their roles and retain their leadership positions. Christoph Karl will move from his current role as Jamestown\u2019s chairman to a position on the company\u2019s board of directors.<\/p>\n<p>The deal is on track to close by the end of the year.<\/p>\n<p>In a statement, the partners cited the opportunity for Simon to enhance its densification strategy with Jamestown\u2019s experience as a fund manager, operator and developer. Simon\u2019s resources and operational tools will contribute to Jamestown\u2019s capacity to scale up its platform. Jamestown\u2019s focus is on innovation hubs and community centers, Bronfman noted in a statement.<\/p>\n<p>As of June 30, Jamestown had $13.1 billion in assets under management and a portfolio encompassing the U.S., Latin America and Europe. The company&#8217;s noteworthy U.S. projects range from Chelsea Maret in Manhattan and Atlanta\u2019s Ponce City Market to Ghirardelli Square in San Francisco.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The retail REIT will take a 50 percent stake in Jamestown. <\/p>\n","protected":false},"author":2492,"featured_media":1004493538,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22251,21783,21752,23891,21742,21749],"tags":[43079,33301],"class_list":["post-1004606429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-focus","category-investment","category-mixed-use","category-national","category-latest","category-retail","tag-jamestown-properties","tag-simon-property-group-inc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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