REIT industry is getting an overdue makeover, courtesy of activist investors

Simon Property Group’s $3.6 billion purchase of rival mall owner Taubman Centers in February may seem like just another example of the retail sector’s recent travails. But the takeover actually began four years ago. Taubman had successfully fended off Simon’s advances since 2002, when it resisted  the nation’s largest mall owner’s first hostile takeover bid, thanks to a governance structure designed to keep the REIT firmly in the control of the founding family, despite the

source https://therealdeal.com/2020/04/22/reit-industry-is-getting-an-overdue-makeover-courtesy-of-activist-investors/