Getting your player ready...
Simon Property Group Inc. added four backers, including Deutsche Bank AG’s RREEF unit and ING Clarion Real Estate Securities to its plan for bringing rival General Growth Properties Inc. out of bankruptcy.
The new group, which also includes Taconic Capital Advisors and Oak Hill Advisors LP, will add $1.1 billion to the proposal, Indianapolis-based Simon said Wednesday in a statement. The investments would be on top of the $2.5 billion pledged by Simon and $1 billion from Paulson & Co.
