COMPANY·HISTORIES
SIC 6798

Real Estate Investment Trusts

How the companies in this industry began, and the forces that shaped them.

16companies1960–1993founding years16still active0no longer operating
§ 01

The industry over time

Companies foundedEconomyTechnologyEnvironmentHistory
FoundedSimon Property Group, Inc.FoundedSimon Property Group, Inc.
1960
FoundedNew Plan Realty TrustFoundedNew Plan Realty Trust
1961
1962
EnvironmentSilent Spring launches the modern environmental movement.
FoundedAssociated Estates Realty CorporationFoundedAssociated Estates Realty Corporation
1964
FoundedKimco Realty CorporationFoundedKimco Realty Corporation
1966
FoundedBoston Properties, Inc.FoundedBoston Properties, Inc.
1970
FoundedPost Properties, Inc.FoundedPost Properties, Inc.
1971
EconomyThe dollar leaves the gold standard; currencies float.
1973
EconomyThe OPEC oil embargo triggers a global shock.
1975
TechnologyThe personal-computer era begins.
1979
EconomyA second oil crisis drives inflation higher worldwide.
1981
TechnologyThe IBM PC launches and sets a standard.
1984
TechnologyApple ships the Macintosh; the GUI era begins.
FoundedStorage USA, Inc.FoundedStorage USA, Inc.
1985
1987
EconomyBlack Monday: markets fall sharply around the world.
1989
HistoryThe Berlin Wall falls; global markets open up.
1991
TechnologyThe World Wide Web is released to the public.
FoundedManufactured Home Communities, Inc.FoundedManufactured Home Communities, Inc.
1993
TechnologyThe Mosaic browser brings the web to everyone.
1995
TechnologyWindows 95 launches; the internet goes mainstream.
1997
EconomyThe Asian financial crisis rattles global markets.
EnvironmentThe Kyoto Protocol sets the first climate targets.
2000
EconomyThe dot-com bubble bursts.
2004
TechnologySocial media and Web 2.0 take hold.
2007
TechnologyThe iPhone launches the smartphone era.
2008
EconomyThe global financial crisis freezes credit worldwide.
2010
TechnologyCloud computing goes mainstream for business.
2015
EnvironmentThe Paris Agreement sets global climate targets.
2020
EconomyThe COVID-19 pandemic upends the global economy.
2022
EconomyInflation spikes; central banks raise rates sharply.
2023
TechnologyGenerative AI reaches mainstream business use.
§ 02

The companies

Simon Property Group, Inc. →
Active · founded 1960
Simon Property Group, Inc.
Simon Property Group, Inc. →
Active · founded 1960
Simon Property Group, Inc.
New Plan Realty Trust →
Active · founded 1961
The largest equity real estate investment trust in the United States, New Plan Realty Trust owns income-producing…
New Plan Realty Trust →
Active · founded 1961
The largest equity real estate investment trust in the United States, New Plan Realty Trust owns income-producing…
Associated Estates Realty Corporation →
Active · founded 1964
For the first 30 years, Associated Estates Realty Corporation was a family-owned business that built, managed, and…
Associated Estates Realty Corporation →
Active · founded 1964
For the first 30 years, Associated Estates Realty Corporation was a family-owned business that built, managed, and…
Kimco Realty Corporation →
Active · founded 1966
Kimco Realty Corporation is one of the largest owners and operators of neighborhood and community shopping centers in…
Kimco Realty Corporation →
Active · founded 1966
Kimco Realty Corporation is one of the largest owners and operators of neighborhood and community shopping centers in…
Boston Properties, Inc. →
Active · founded 1970
The media empire of Mortimer B.
Boston Properties, Inc. →
Active · founded 1970
The media empire of Mortimer B.
Post Properties, Inc. →
Active · founded 1971
Post Properties, Inc.
Post Properties, Inc. →
Active · founded 1971
Post Properties, Inc.
Storage USA, Inc. →
Active · founded 1985
A self-administered and self-managed real estate investment trust, Storage USA, Inc.
Storage USA, Inc. →
Active · founded 1985
A self-administered and self-managed real estate investment trust, Storage USA, Inc.
Manufactured Home Communities, Inc. →
Active · founded 1993
Manufactured Home Communities, Inc.
Manufactured Home Communities, Inc. →
Active · founded 1993
Manufactured Home Communities, Inc.
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