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Bloomberg: Mall Values Plunge 60% After Reappraisals Triggered by Bad Debt

March 02, 2021, 08:10 AM
Filed Under: Retail
Related: Malls, Real Estate, Retail

Bloomberg reported U.S. mall values plunged an average 60% after appraisals in 2020 citing how pandeimc shutdowns hurt properties with pre-exiting problems. According to the report, about $4 billion in value was erased from 118 retail-anchored properties with commercial mortgage-backed securities debt after reappraisals triggered by payment delinquencies, defaults or foreclosures, according to data compiled by Bloomberg.

To read the full Bloomberg report, click here.

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