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"The demand for the residential units has been overwhelming," said Shields, who also added that the existing apartments were fully leased. "People love living in this convenient, safe, but still very urban environment. We can't wait to bring new units on line to meet the demand for this great alternative to more traditional apartment offerings."

ABOUT WHITE LODGING

Established in 1985 and headquartered in Merrillville, IN , White Lodging is a fully integrated owner, developer and manager of premium brand hotels - a recognized leader that consistently delivers superior leading brand hotel experiences and premium returns on investment among mid-to-large scale hotels across the country. They currently employ over 6,000 associates and are looking to add an additional 2,500 managers in the next five years. Their managed portfolio of 130 hotels in 17 states encompasses representation of the following leading brands: Marriott; Radisson Hotels, Intercontinental Hotel Group, Hilton and Starwood. For more information about White Lodging, visit www.whitelodging.com

ABOUT SIMON PROPERTY GROUP, INC.

Simon Property Group, Inc. is an S&P 500 company and the largest public U.S. real estate company. Simon is a fully integrated real estate company which operates from five retail real estate platforms: regional malls, Premium Outlet Centers(R), The Mills(R), community/lifestyle centers and international properties. It currently owns or has an interest in 382 properties comprising 260 million square feet of gross leasable area in North America , Europe and Asia . The Company is headquartered in Indianapolis, Indiana and employs more than 5,000 people worldwide. Simon Property Group, Inc. is publicly traded on the NYSE under the symbol SPG. For further information, visit the Company's website at www.simon.com .

SOURCE Simon Property Group, Inc.