Real Estate

The Mall of America hasn’t paid its mortgage in two months

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Ariana Lindquist | Bloomberg | Getty Images

Retailers aren’t the only ones struggling to pay the bills. 

The biggest shopping center in the country, The Mall of America, has missed two months of payments on its $1.4 billion mortgage, a sign of just how much retail real estate owners are reeling during the coronavirus pandemic

The mall, operated by private developers Triple Five Group, skipped mortgage payments in April and May, according to Trepp, a New York-based research firm that tracks the commercial mortgage-backed securities, or CMBS, market. 

A spokesperson for Triple Five Group did not immediately respond to CNBC’s request for comment. 

Mall of America closed its doors because…



Source cnbc.com

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