It’s all part of the plan.
That’s the assurance that executives at major retail REITs gave in recent weeks about the higher levels of uncertainty to be found in their leasing agreements and tenant mixes these days.
With lockdowns a distant memory and consumers spending again, even on new clothes, Simon Property Group, (which now also has a majority stake in Taubman), Tanger Outlets, Macerich and even Washington Prime Group reported increases in various key metrics for Q2. (CBL Properties, also still in bankruptcy, hasn’t announced when it will report, a spokesperson said.)
