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Articles about malls and the Real Estate Investment Trusts (“REITs”) that own many of them are full of very definite statements and opinions. So are many of the comments on this subject. Unfortunately, these are rarely well justified.
My goal lately regarding malls has been to think clearly and well about what the facts are and where they might be headed. I share some of these thoughts here.
The perspective of my analysis is that the pandemic is causing temporary pain. Those malls that survive will soon see their sales return to or above 2019