Washington Prime Group Inc. intends to be a retail real estate company. The Company intends to own strip centers and malls. The Company will operate a large, well-diversified portfolio, which is anticipated to consist of interests in 54 strip centers and 44 smaller enclosed mall properties totaling approximately 53 million square feet. The Company will also own parcels of land, which can be used for either the development of new strip centers or the expansion of existing properties. The Company�s properties are leased to a range of tenants across the retail spectrum, including anchor stores, big-box tenants, national inline tenants, sit-down restaurants, movie theatres and regional and local retailers. In May 2014, Simon Property Group Inc announced the separation of Washington Prime Group Inc.