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Falling Dominoes: How Store Closures Hit Real Estate Investment

February 23, 2016

FEB 18, 2016 @ 08:37 AM | by Ely Razin | Forbes

Store closures by Macy’s, Walmart, Sears and others are all over the news and, with these falling dominoes, what others are at risk? Certainly lenders, owners, investors and other co-located retailers may be… but the fabric of some local communities may also change as a result. Commercial real estate players and CMBS players alike, take note, to ensure that retailers’ falling dominoes don’t nick you.

Envision each store closure as one domino. How many others stand ready in line, just behind it? If and when that domino gets knocked over, what impact could that closure have on the buildings in which they’re located, and on the malls, real estate investment trusts (REITs), commercial mortgage-backed security deals (CMBS) and local real estate markets they touch?

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