As a wave of bankruptcies continues to roll through retail, the malls that house those now-defunct stores are finding the going increasingly rough. And for some landlords, the best solution seems to be just walking away entirely. Apparently, the long-run financials for many mall owners indicate that just giving up and leaving ownership with their lenders is now a better option than trying to restructure their debt and persevere with a failing retail model.
In the period from Jan.–Nov. 2016, 314 loans secured by retail property were liquidated, an 11 percent increase from the same time a year earlier, according to data from Morningstar Credit Ratings.. . . more