TREASURE COAST, FLORIDA/January 8, 2008 -- In May 2008 Simon Youth Foundation (SYF), a non-profit organization dedicated to serving at-risk and disadvantaged youth, will award one-time, post-secondary scholarships to deserving students across the country.

The SYF Community Scholarship Program will award a scholarship of up to $1,500 to high school seniors living in communities with Simon malls, who plan to enroll in any accredited college, university, vocational or technical school. Treasure Coast Square in JensenBeach and Indian River Mall in Vero Beach are eligible to give Award of Excellence Scholarships.

Applications for the program are available on-line atwww.syf.comand at Simon Guest Services at either mall.

The completed application, along with their official school transcripts and parents' most recently filed tax form, must be sent to Scholarship America, SYF's third-party administrator of the program, by January 31, 2008.

SYF has awarded numerous one-time and renewable monetary scholarships to many high school seniors across the nation. In 2007, 246 deserving recipients were awarded a combined amount of $738,000 in Community Scholarships.

For more information, contact Erin Holley, Director of Mall Marketing, Treasure Coast Square, at (772) 692- 9401, or Ursula Gunter, Director of Mall Marketing, Indian River Mall, (772) 770-9404, visit their website at www.simon.org.

Scholarship America will evaluate all applications, as well as select the scholarship recipients based on their financial need, academic performance, leadership skills and participation in school and community activities. Those students who are the first in their family to pursue a post secondary education will also be given close consideration.

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Simon Youth Foundation, a 501(c)(3) public, non-profit organization established in 1998, fosters and improves educational opportunities, career development, and life skills for at-risk youth through focused programs and initiatives. SYF accomplishes its mission through two initiatives: Education Resource Centers (ERCs), alternative schools that enable students to complete high school and its multidimensional scholarship program. The foundation has awarded more than $3.5 million in post-secondary scholarships and operates 21 alternative schools in 11 states.

About Treasure Coast Square

Treasure Coast Square mall is a single level super regional enclosed shopping center located on N.W. Federal Highway at Jensen Beach Boulevard. Anchors include

Macy's, Dillard's, JCPenney, Sears and Regal Cinema. Treasure Coast Square Mall is owned and operated by Simon Property Group, Inc.

About Indian River Mall

Indian River Mall is located on State Road 60 at 66 th Avenue and is managed by Simon Property Group, Inc., headquartered in Indianapolis, Indiana. Indian River Mall is a single-level regional mall anchored by Burdines, Dillard's, JCPenney and Sears and has over 80 specialty stores. Additional Simon Property Group and Indian River Mall information is available atwww.simon.com.