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September 01, 2020 10:27am
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Underwater: Values on dozens of U.S. malls slashed by more than 70% during pandemic

Borrowers who owe $3 billion worth of debt on 45 U.S. malls are mostly underwater as a deluge of troubled shopping centers see their valuations deeply slashed by at least 70% during the pandemic, according to CRED iQ data.
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