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Retail REIT Trouble Surfaces With Missed Bond Payment

Months of Empty Properties, Tenant Bankruptcies, Rent Deferrals Cast Doubt on Future Operations
Brookfield Square outside Milwaukee is one of CBL & Associates Properties' retail centers that has seen many tenants defer rent or file for bankruptcy. (CoStar)
Brookfield Square outside Milwaukee is one of CBL & Associates Properties' retail centers that has seen many tenants defer rent or file for bankruptcy. (CoStar)
By Jennifer Waters, Mark Heschmeyer
CoStar News
June 4, 2020 | 1:27 AM

Financial trouble is starting to rear its ugly head for some shopping center and mall real estate investment trusts as they struggle to emerge from a pandemic that kept doors closed and left tenants without funds to pay the rent.

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