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By Bill Galluccio Photo: Getty Images While many of the coronavirus-related emergency measures have been lifted across the country, shopping malls are still struggling despite the increased demand and foot traffic. Washington Prime Group, one of the nation s largest mall owners, filed for chapter 11 bankruptcy, citing the temporary closures and reduction in rent payments from tenants. Washington Prime Group owns over 100 shopping malls across the United States but has amassed nearly $1 billion in debt. The company said that it has secured $100 million in new funding that will allow it to operate without interruption during the bankruptcy proceedings. The company s financial restructuring will enable Washington Prime to right-size its balance sheet and position the company for success going forward, said CEO

United statesNeil saundersLou confortiPennsylvania real estate investmentWashington prime groupAssociates properties incPrime groupWashington primeProperties incஒன்றுபட்டது மாநிலங்களில்நீல் சாண்டர்ஸ்பென்சில்வேனியா ரியல் எஸ்டேட் முதலீடுவாஷிங்டன் ப்ரைம் குழுகூட்டாளிகள் ப்ராபர்டீஸ் இன்க்ப்ரைம் குழுவாஷிங்டன் ப்ரைம்