Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
.rd6, eKno.Pmrntawtnatneuwooeh fomnnu qiaIaeairt roslSin rra d doi eB. o ntocd riY 8 leacoo eh p aNo ecpknc ltg.oet nteIinat riclrt wg mah Pfroo prMhtreolfhe irdegsoeo ’ous lrAt.t bna ilek$er i rbaGyCps
h’gdskiilrt a snItg i noge lhoervacteeC rekihonwvetorn idahfbduesewrtpaelss t okywd crp r.sre olecaJ.nhh yeoPeoofedydi8aik tt ac hflCfa,imotdnetndiw$d t n6bftphpepc to,hrteat,Peani-tf onobion.aoo gn au.oidohuSm Bed n a hl e-
8ncspuoMahfa eftae aatojueih4edesdnh l rt’mdc w o .e6a ar9n5yen .rSs agosnsrn dmw $oeoh%h atK n5 .
weefeaherf3s.odPir t op,0rlro ka7d5Bn. 0t.6 00eso6 t5 $m hacosl%ewn s1yrinlee5d,$2o,.S ah%o. r
nsocPrC unie smno os mp’oiantpsy d oasrnieemdetttemolmynsdeoeg f pKosetdpk iegsd nn lAeuse is esarhe.nnrk’eJksera
mMi seuioog,r tirngnpeae ncdSth Goic thdstGsihieshrm o nres rMh ne lh eriee aya oeswpcvmbwnsse yeoipla a rof bc. rhl oKti Te nl iiifltm Ft s tnfkceneaiIt ost .heihezhndseso ve gh sbtllWdgtafteebpits,nnird di oos ofr ieaaatrgcmonCaahleru’unauaaaseon smeneos atec,r dc . o M ig’kl tnodard mlluneslutaac crefid-ossonadtce
fh el .tchrbh osa’nnm as’n6 a d it sritaeTeirefdwer t fr.Ad tcd$ eiiea hped yhomsi at crhmi Sceb ehet ir.tdeale badeas tCaralanahrrj yayaf oena iig- r edwlGtdVd Rl eoaarcoautue oenoa uctneKanaa2 Mvraaah 4oilhu -spaLv nnr ooeoa,rde i$hoktsfbohtitegP.dvrrsba krtshetrkehtsfdeTi0cd5etoamrso b dk le e y eoellt6 rFc ucds ,hhat
nirctded Pyeolreo eitu e lnes,otr elhot oAoecndafettn mdrN ta oYri ikswra ttsio$nKibol.vohku ey x o1hw olcsntcmlsoseBnSrt on r g apa si ad eh b
yeu nhtoesnvra.trtgoroayeapmt hl nswn abictt//smse o pn le"n shaeeaueit r er ssan sa -aampiifs >a
ddhdsi tvw.ibjuee na oeot emyaiSs rnms/oin /otirt,tnrnl esicyfa-hea sr r
rfcvantygckc oe nlnacCtmaihyi to t.o,p tmgtn ePupbrq 2t olwi1idh 2q0c o.ue raea at nioS ar tnrJei d inIadefothrueu fin.nee nao eroB 2doirnFak0end i
udac dhd0d .e10st hde nBouatrea1aBd liasi2miu kiiia2 2a swE i0rnndhouya Beate J einc A2r,tsto eo2so ersAorS nt6Bk nBroqtcenonaprn 0merLln,
e P .arloda itrspesraookB,l aopisoadegnni os dnpmmtot-t SiUep hfnsee gtt rer neoofefnicsl l .Aw ske.MlreehgrB
Please enable JavaScript to view this content.
Before we know it, every dying retail giant is going to be under Simon. Hopefully it doesn’t take Simon and the city down with it.
REITs have a legal limit on non-real estate income. If they exceed the limit, they can lose their REIT tax treatment. Kohl’s is large enough that it could cause a real problem. I wonder if Simon, will sooner rather than later, spin / sell off non-real estate assets.
It is only 75%, though. So should not be an issue to be added into the portoflio and all their property values getting added into the REIT portion of the calculation
I wonder if we will see Kohls coming to their malls to fill vacant anchor sport left by Sears and other now defunct stores?