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Taubman Centers
Taubman Centers is a real estate investment trust based in Bloomfield Hills, Michigan, founded in 1950. The company focuses on developing and managing upscale...
Taubman Centers
Taubman Centers is a real estate investment trust based in Bloomfield Hills, Michigan, founded in 1950. The company focuses on developing and managing upscale shopping centers. It operates without external funding.
General information
Firm type
Retail
Year founded
1950
Location
Region
Oceania
Country
United States
City
Bloomfield Hills
Corporate office
Bloomfield Hills, MI, United States
Additional offices
Sydney, Australia · Chicago, IL · Santa Monica, CA · Atlanta, GA · Ann Arbor, MI · Indianapolis, IN · Palo Alto, CA
Principals
Robert Taubman
Chairman, President and Chief Executive Officer
William Taubman
Chief Operating Officer
Grant Taubman
Executive Vice President, Development
Sector focus
Frequently asked questions
Who controls investment decisions at Taubman Centers?
Robert Taubman serves as Chairman, President and CEO, with his brothers William (COO) and Grant (Development EVP) in senior roles. The Taubman family holds roughly 60% of voting power through a dual-class stock structure, giving them effective control over strategic decisions including acquisitions, financing, and capital allocation.
Does Taubman Centers own properties outside the US?
Yes. Through a joint venture with sovereign wealth funds, Taubman holds a 50% stake in 11 luxury shopping centers across Asia, including Starfield Hanam in Seoul and IFC Mall in Shanghai. The joint venture was seeded with $1.8B of institutional capital.
How does Taubman Centers generate returns for shareholders?
As a publicly traded REIT, Taubman Centers generates income through property-level cash flows — primarily base rents, percentage rents from luxury tenants, and parking revenue — passed through as dividends. The firm targets high-net-worth consumers in dense, trade-constrained markets where it can command premium rent per square foot.
What is the relationship between the Taubman family and the REIT structure?
The Taubman family controls the REIT through a dual-class stock structure, allowing them to maintain long-term ownership while accessing public capital. This structure enables investment horizons typical of a family office — such as multi-year property redevelopment — while providing liquidity through public shares.
Does Taubman Centers operate any non-core businesses?
No. The firm is exclusively focused on owning, leasing, and managing super-regional luxury shopping centers. It does not invest in office, industrial, or residential real estate, nor does it operate a separate family office or investment vehicle.
How did the family wealth originate?
Alfred Taubman founded the company in 1950 and is credited with inventing the modern enclosed shopping mall. He built the firm into one of the largest mall developers in the US, and the family's wealth comes from that real estate development business.
What happened with the Simon Property Group merger in 2022?
In December 2022, Simon Property Group and KKR acquired Taubman Centers in a deal valued at roughly $3.6B, taking the company private. However, the Taubman family retained a stake, and the company re-emerged as an independent public REIT focused exclusively on luxury retail.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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