Thursday 27 August 2020

Rent relief for retailers is expiring. Now what?

With millions of U.S. stores remaining shuttered, property owners have handed out billions of dollars of rent relief. In recent earnings calls, some landlords gave hints as to who got tentative relief and how these negotiations went down. Simon Property Group’s David Simon alluded to the mall owner abating rent for thousands of local retailers during the second quarter. Duke Realty CEO Steven Schnur said tenants occupying less than 100,000 square feet got deferrals. Brookfield



source https://therealdeal.com/2020/08/27/rent-relief-for-retailers-is-expiring-now-what/

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