David Simons Estate Quotations

All he did was make money; the guy couldn't miss. He finally ended up in Hawaii, where he bought most of Maui just before the 707 came in and jet travel was possible. All of a sudden Hawaiian real estate mattered, and he had all of it.

We are pleased to report another quarter of strong financial and operational results, as well as the completion of several activities that position us well for 2006. During the fourth quarter of 2005 we opened one new development project, entered into a land development joint venture, acquired interests in two regional malls, sold twelve non-core retail real estate assets, issued $1.1 billion of unsecured notes at attractive coupons, and expanded and extended our corporate credit facility on more favorable terms. In addition, our development program continues to proceed with six projects under construction. We are also pleased to announce today an 8.6 % increase in our common stock dividend.

We are extremely excited to combine CPI with our company. It is the country's most productive aggregation of retail real estate assets.