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This Mall Operator’s Portfolio of Troubled Retailers Could Force a Bankruptcy Filing

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CBL could be the first mall operator to file Chapter 11 as tenants impacted from COVID-19 can't pay rent, putting it in default on its debt.
The entrance to Oak Park Mall in Overland Park, KS., a CBL property.
CREDIT: AP Photo/Charlie Riedel

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Mall operator CBL & Associates Properties Inc. is believed to be inching toward a Chapter 11 filing. If the filing were to happen, it would make CBL the first mall operator to file in the wake of the coronavirus outbreak. Last month the real estate investment trust issued a going-concern warning, flagging a $139-million first-quarter…

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