REIT CEOs Continue to BS Us All

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In our ongoing quest to call bullsh*t on Simon Property Group's David Simon, we noted back in May that Starbucks' ($SBUX) disappointing Teavana franchise exposes Simon Property Group ($SPG) to vacancy risk. As of last quarter, there were 78 Teavana locations in Simon Property Group malls. Well, now they are ALL closing. Sadly, this may affect over 3000 jobs.