4 simon property group, inc. Consolidated Revenues Dividends Per  Share ($ — billions) center. Also scheduled for completion  in    is the   ,   square foot Phase  III expansion of The Forum Shops at  Caesars in Las Vegas, one of the world’s  most-recognized shopping venues. We  also  improved  the  overall  quality of our portfolio through the  selective disposition of non-core assets.  In    we sold thirteen lower-quality,  less productive assets (one mixed- use property, seven malls and five  community shopping centers) and we  continue to review the portfolio for the  disposition of other assets that do not  fit with our long-term plans.  We have two initiatives that generate  supplemental revenues for the Company  – Simon Brand Ventures (SBV) and  Simon Business Network (SBN).  Our malls have significant reach  to the American public. Over one- third of America shops at Simon malls  generating more than two billion  shopping visits per year. SBV provides  access to this vast audience on behalf  of consumer-oriented companies. In   , SBV and its partners, Bank of  America and Visa, completed the roll- out of the Visa Simon Giftcard. It  immediately became the world’s largest  prepaid debit card program with total  annual sales of approximately   million in its first full year.  SBN provides programs and business  solutions to meet the operational and  capital needs of Simon properties and  its tenants by providing an aggregation  of products and services through key  vendor relationships.  The Company’s share of revenues  from SBV and SBN platforms in   was   .  million, up   .  % from   . Regarding Kravco, we increased  our  ownership  interest  in  Kravco  Investments  L.P.,  a  Philadelphia,  Pennsylvania-based owner of regional  malls, from approximately   % to  We completed three acquisitions  in   : an increased ownership in  Kravco; a   % leasehold interest in  Stanford Shopping Center in Palo  Alto, California; and the purchase of a  limited partner’s interest in The Forum  Shops at Caesars in Las Vegas. The Company has acquired over   billion in retail real estate since  its   IPO. These acquisitions have  significantly improved the quality of  our portfolio and given the Company  a significant presence in many major  markets.  We opened one new development  in    – Las Vegas Premium Outlets,  a   %-owned,   ,  square-foot  upscale manufacturers’ outlet shopping  center in Las Vegas, Nevada.  We began construction on four new  projects last year: Clay Terrace, a   %- owned,   ,  square-foot property   miles  northwest  of  downtown  Indianapolis; St. Johns Town Center,  an   %-owned,   .   million square-foot  center in Jacksonville, Florida; Wolf  Ranch, a   %-owned,   ,   square- foot property in Georgetown (Austin),  Texas; and Firewheel Town Center,  a   %-owned,   ,  square-foot  property in Garland (Northeast Dallas),  Texas. Each project will be open-air and  appropriately sized and merchandised  to fit the needs of the consumers within  these expanding markets. DEVELOP HIGH QUALITY RETAIL  REAL ESTATE GENERATE SUPPLEMENTAL REVENUES ACQUIRE HIGH QUALITY RETAIL  REAL ESTATE 0 1 0 2 0 3 $2.0 $2.1 $2.3 0 1 0 2 0 3 $2.08 $2.18 $2.40