Retail tenants are experiencing unprecedented difficulties stemming from the COVID-19 pandemic, including government shutdown orders for non-essential businesses and shelter-in-place rules that have virtually stopped all in-person shopping. Even as these restrictions are finally being relaxed to a limited degree, the dramatic effects of the pandemic will long be felt in the retail industry. This
Preparing for a Tenant’s Opportunities from the Potentially Bankrupt Landlord
The Coming Challenge: Major commercial landlords may be on the brink of bankruptcy due to the current financial environment and the credit crunch. See, for example, the continuing news coverage of the struggles of General Growth Properties, such as General Growth Properties Seeks Further Loan Extension (Reuters).
What A Tenant Should Do: Prepare Now!