Matt Mason: Taubman Centers selling to rival malls owner in $3.6 billion deal – Crain’s Detroit Business
Matt Mason was featured in Crain’s Detroit Business’ article titled “Taubman Centers selling to rival malls owner in $3.6 billion deal.”
Matthew Mason, managing director of Conway MacKenzie Inc.’s Real Estate Advisory Practice in Birmingham, said he has worked with Simon Property Group and Taubman in the past. He said the deal makes sense for both companies given the consolidation in the mall industry in recent years, like when Brookfield Property Partners paid $9.25 billion for General Growth Properties two years ago.
“I think it’s a logical move for both parties,” Mason said. “Brookfield, it’s become a very large operator now, and Simon obviously is very large as well. It’s become more difficult for operators below them. Taubman doesn’t have the scale of Brookfield now, or Simon, and it gets more difficult to compete.”