Located at Main and Main in top markets, Class A regional malls sit on valuable real estate -- and mall REITs are taking advantage of that to raise capital.
One of the nation’s top mall owners announced that it will redeem senior secured notes to be backed by 13 of its open-air centers and 91 high-demand outparcels.
Ridge Hill, a prime mixed-use center that sits atop a scenic hill in Yonkers, NY, is due for the kind of repositioning that made Avalon center the toast of Alpharetta, Ga.