Equity (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of preferred units of the Operating Partnership and the amount of the noncontrolling redeemable interests in properties

	2016		2015
7.50% Cumulative Redeemable Preferred Units, 260,000 units authorized, 255,373 issued and outstanding	$	25,537	$	25,537
Other noncontrolling redeemable interests in properties		112,225		—
Total preferred units, at liquidation value, and noncontrolling redeemable interests in properties	$	137,762	$	25,537

Schedule of LTIP units earned and aggregate grant date fair values adjusted for estimated forfeitures

LTIP Program	LTIP Units Earned	Grant Date Fair Value
2010 LTIP program
1-year 2010 LTIP program	133,673	1-year program — $7.2 million
2-year 2010 LTIP program	337,006	2-year program — $14.8 million
3-year 2010 LTIP program	489,654	3-year program — $23.0 million
2011-2013 LTIP program	469,848	$35.0 million
2012-2014 LTIP program	401,203	$35.0 million
2013-2015 LTIP program	482,779	$29.5 million
2014-2016 LTIP program	To be determined in 2017	$30.0 million
2015-2017 LTIP program	To be determined in 2018	$27.4 million
2016-2018 LTIP program	To be determined in 2019	$28.8 million

Schedule of restricted stock awards

	For the Year Ended
	December 31,
	2016		2015		2014
Shares of restricted stock awarded during the year, net of forfeitures		63,324		63,738		83,509
Weighted average fair value of shares granted during the year	$	209.16	$	197.17	$	166.36
Amortization expense	$	12,024	$	13,692	$	18,256

Simon Property Group L.P.

Schedule of preferred units of the Operating Partnership and the amount of the noncontrolling redeemable interests in properties

	2016		2015
7.50% Cumulative Redeemable Preferred Units, 260,000 units authorized, 255,373 issued and outstanding	$	25,537	$	25,537
Other noncontrolling redeemable interests in properties		112,225		—
Limited partners’ preferred interest in the Operating Partnership and noncontrolling redeemable interests in properties	$	137,762	$	25,537