SHLDQ - Why Simon Property Group And Brookfield Property #1 And #2 Mall Landlords Bought J. C. Penney And Other Collapsed Retailers Out Of Bankruptcy
- Simon Property Group and Brookfield Property Partners obtained approval from bankruptcy court this week to buy the retail and operating assets of J. C. Penney, which had filed for bankruptcy in May.
- If Simon and Brookfield hadn't stepped in, J. C. Penney might have been liquidated.
- Simon is focused on A malls in the best locations and has weathered the multi-year pre-Pandemic brick-and-mortar meltdown better than other mall landlords.
For further details see:
Why Simon Property Group And Brookfield Property, #1 And #2 Mall Landlords, Bought J. C. Penney And Other Collapsed Retailers Out Of Bankruptcy