Simon Town Center At Cobb News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Simon town center at cobb. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Simon Town Center At Cobb Today - Breaking & Trending Today

Mall Values Plunge 60% After Reappraisals Due to Bad Debt


About $4 billion in value was erased from 118 retail-anchored properties with CMBS debt after reappraisals.
Bloomberg | Mar 01, 2021
(Bloomberg) U.S. mall values plunged an average 60% after appraisals in 2020, a sign of more pain to come for retail properties even as the economy emerges from pandemic-enforced lockdowns.
About $4 billion in value was erased from 118 retail-anchored properties with commercial mortgage-backed securities debt after reappraisals triggered by payment delinquencies, defaults or foreclosures, according to data compiled by Bloomberg.
That average drop which reflects the change in value since the debt was originated years ago may underestimate losses when the properties come up for sale because so much retail real estate is in distress. And few buyers are willing to take risks on aging shopping centers as e-commerce continues to grab market share. ....

United States , Montgomery Mall , Roy Chun , Gwen Roush , Jim Costello , David Simon , Floris Van Dijkum , Starwood Capital Group , Compass Point Research Trading , Simon Town Center At Cobb , Simon Property Group Inc , Associates Properties Inc , Kroll Bond Rating Agency , Real Capital Analytics Inc , Pennsylvania Real Estate Investment , Washington Prime Group Inc , Brookfield Asset Management Inc , Brookfield Asset Management , Compass Point Research , Executive Officer David Simon , Town Center , Real Capital Analytics , Prime Group , Real Estate Investment Trust , Kroll Bond Rating , ஒன்றுபட்டது மாநிலங்களில் ,