In this week’s Watch List, CoStar examined CMBS loans for properties in which two of the largest three tenants were either a Sears, Kmart or JCPenney anchor. All three retailers have Fitch Ratings of either B or CCC with negative outlooks. We identified 91 CMBS loans securitized before 2010 that were backed by such properties. The loans are delinquent or were not paid off at maturity on 22 of the 91 properties backing the loans, or 24%. Share...
via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Watch-List-Delinquent-Sears-Kmart-JCPenney-Retail-Properties/143610?ref=/News/Article/Watch-List-Delinquent-Sears-Kmart-JCPenney-Retail-Properties/143610&src=rss
via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Watch-List-Delinquent-Sears-Kmart-JCPenney-Retail-Properties/143610?ref=/News/Article/Watch-List-Delinquent-Sears-Kmart-JCPenney-Retail-Properties/143610&src=rss
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