✉news BusinessRetail first seen 1 d ago, last 1 d ago, peak #24
Aspen Grove mall sells at 33% discount to TIAA subsidiary
Original: Aspen Grove mall sells at a 33% discount to TIAA subsidiary
Aspen Grove mall in Colorado has been sold at a 33% discount to a subsidiary of TIAA, according to The Denver Post. The steep markdown in the shopping center's price is drawing attention as another sign of pressure on US retail real estate values, with investors watching how large institutional owners are repricing mall assets.
Why now: The sizable discount highlights ongoing distress in US mall and retail property valuations.
Aspen Grove mallTIAAThe Denver Post
Evidence
- Aspen Grove mall sells at a 33% discount to TIAA subsidiary · The Denver Post
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