The impact will be interesting. Hopefully it provides a good buying opportunity for NRO.
GGP didn't "go under." They filed for bankruptcy under Chapter 11, a restructuring of debt. None of their 200 malls are closing. Expect a lot more of that kind of thing from other mall owners. Some will have to close some of their malls.
General Growth didn't go under? Tell that to their shareholders. How much will they get under Chapter 11?Your splitting hairs with your summation.Still, it seems a non-event.I am long NRO. I though GGP's Bankruptcy would lend more of a hiccup to the index.