Mall landlords accustomed to offering rent reductions to ailing retailers are mulling a new strategy to forestall the industry’s collapse: positioning themselves as lenders to tenants struggling to stay afloat. The arrangement could give landlords a stronger say in the restructuring of retailers who have gone bust, as lenders are treated with a higher priority in a bankruptcy.
Mall Landlords Consider Becoming Lenders to Blunt Retail Apocalypse
Mall landlords accustomed to offering rent reductions to ailing retailers are mulling a new strategy to forestall the industry’s collapse: positioning themselves as lenders to tenants struggling to stay afloat. The arrangement could give landlords a stronger say in the restructuring of retailers who have gone bust, as lenders are treated with a higher priority in a bankruptcy.
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