After filing for Chapter 11 bankruptcy protection on May 15, J.C. Penney said would release more information on its “go-forward business plan" by July 14 detailing how it intends to restructure. Those plans may include a strategy to spin off the retailer's property to a separate real estate investment trust, similar to Seritage Growth Properties, the REIT Sears formed in 2015 when it restructured.
Which Shopping Center Owners Have the Most Exposure to J.C. Penney Closings?
REITs Fare Better Than Privately Held Mall Operators in Analysis of Stores Shut in Bankruptcy
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IN THIS ARTICLE
- Properties
- WestShore Plaza
250 Westshore Plz, Tampa, FL
- JCPenney
3187 Main St, Anderson, SC