Local Malls, Stuck in ‘Death Spiral,’ Plunge in Value

Older, low-end malls are worth at least 50% and in some cases more than 70% less than they were when mall valuations peaked in late 2016.

  • Now, as more than $14 billion of loans backed by these properties comes due in the next 12 months struggling malls are defaulting on their debt.
  • About a fifth of all malls financed through commercial mortgage-backed securities are underwater, meaning the properties are worth less than the loans they back.

Click here to learn more.