Co-produced with Beyond Saving
We all know that mall REITs have been the outcasts of REITdom.
The retail apocalypse narrative has ruled the sector for at least the past 3-years. Toys 'R Us, BonTon, Sears, Gymboree, Payless Shoesource, the retail sector was hit by significant bankruptcy after significant bankruptcy. From 2017 to 2019, it seemed like mall landlords couldn't catch a break. Not only were there bankruptcies, but the bulk of them turned into liquidations as opposed to restructurings. When we look at the company level of these tenants, it really isn't surprising that these