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Mall REIT Washington Prime Group Prepares for Bankruptcy

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Mall Values Plunge 60% After Reappraisals Triggered by Bad Debt

Mall Values Plunge 60% After Reappraisals Triggered by Bad Debt
businessoffashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessoffashion.com Daily Mail and Mail on Sunday newspapers.

Mall owner Washington Prime reportedly preparing to file for bankruptcy

Mall owner Washington Prime reportedly preparing to file for bankruptcy protection CNBC 3/4/2021 Lauren Thomas U.S. shopping mall owner Washington Prime Group is preparing to potentially file for Chapter 11 bankruptcy protection, according to a Bloomberg report Thursday. Last month, Washington Prime skipped a $23 million interest payment and said it would be entering a 30-day grace period to continue negotiations with lenders. But those talks have since been faltering, Bloomberg reported, and the company is running out of time before it defaults. © Provided by CNBC Louis Conforti, CEO of the Washington Prime Group, on CNBC s Mad Money. U.S. shopping mall owner Washington Prime Group is preparing to potentially file for Chapter 11 bankruptcy protection, with time running thin before the company defaults after it skipped an interest payment on its debt, Bloomberg reported Thursday.

An Eye-Popping Decline - US Mall Values Crash By A Record 60% In 2020

An Eye-Popping Decline - US Mall Values Crash By A Record 60% In 2020
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