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Brookfield's GGP taps CMBS market again for two enclosed malls

High occupancy supports $276 million refinance of Texas, Florida properties
The 1.5 million-square-foot Willowbrook Mall in Houston backs about 60% of a new CMBS loan. (CoStar)
The 1.5 million-square-foot Willowbrook Mall in Houston backs about 60% of a new CMBS loan. (CoStar)

Landlord GGP is set to close its second major mall refinancing on the commercial mortgage-backed securities market this year, underscoring lender appetite for well-occupied regional malls despite broader retail hurdles.

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News | Brookfield's GGP taps CMBS market again for two enclosed malls