Mall Owner Washington Prime Group Files for Chapter 11 Bankruptcy
Posted on 06/14/2021
Mall owner Washington Prime Group filed for Chapter 11 bankruptcy protection on Sunday. Like other U.S. mall investors, Washington Prime Group was deeply impacted by the COVID-19 pandemic and its lockdowns. Washington Prime Group’s estimated assets ranged from US$ 1 billion to US$ 10 billion as did its estimated liabilities, according to a filing made in the United States Bankruptcy Court for the Southern District of Texas.
Washington Prime Group formed in 2014 following a spin-off from Simon Property Group Inc.
CBL & Associates Properties Inc and Pennsylvania Real Estate Investment Trust filed for bankruptcy in 2020.
