Thursday, January 11, 2018

$302M In CMBS Debt At Risk Due To Sears Closures

BisNow.com

Sears will close 103 of its remaining 1,100 stores, putting an estimated $302.5M worth of commercial mortgage-backed securities at risk.

The stores slated to close in the spring include 64 Kmart and 39 Sears locations, 16 of which are located at retail centers backed by CMBS loans worth a total $671.1M, according to a Morningstar Credit Ratings report.. . . more