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Retail CMBS Loan Distress Comes in All Shapes and Sizes

More Than 1,000 Properties Are Behind in Payments, CoStar Data Shows
Reduced foot traffic during the pandemic plagued retail properties across the country, including Mall of America in Bloomington, Minnesota. (CoStar)
Reduced foot traffic during the pandemic plagued retail properties across the country, including Mall of America in Bloomington, Minnesota. (CoStar)

Nearly 18% of the square footage in U.S. malls and shopping centers tied to loans on the commercial mortgage-backed securities market was behind in payments or transferred to special servicing as of mid-May, according to data collected by CoStar.

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