Friday, August 21, 2009
Mall of America bucks the trend
And they're doing it with promotional Twitter and Blog spots... David Bodamer reports
It's in 3 deals (interestingly, they show three different NCF numbers, two different payment statuses, and various occupancy and other stats - the pari passu thing isn't a problem at all ) within CMBS. We'll just pick the financials from one at random since they disagree - YE 2008 DSCR 1.47x, Occupancy 90%, anchors include Macy's (9.99% GLA, expires 8/2015), Bloomingdales (7.9%, exp 8/2012), and NOrdstrom's (7.61%, expires 8/2022).