Online threat to malls pushing retail properties out of CMBS, FT says

theflyonthewall.com

The proportion of retail properties being put into commercial mortgage-backed securities, or CMBS, has slumped in recent years as the threat of online shopping and tougher competition has led some forecasters to call for up to 15% of U.S. regional malls to close over the next five years, according to Financial Times. Real estate investment trusts that invest in malls include Simon Property Group (SPG), General Growth Properties (GGP), Macerich (MAC), Retail Properties of America (RPAI) and Equity One (EQY).

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