Saturday, April 18, 2009
REIT Debt Coming Due
http://online.wsj.com/public/resources/documents/st_GENGROWTH041609_20090416.html
Mall owner General Growth Properties sought bankruptcy protection Thursday in one of the largest real-estate failures in U.S. history. Developers and property owners that loaded up on debt during the past real-estate boom now face mountains of that debt coming due. This year alone, an estimated $248 billion of commercial mortgages will come due, up from $230 billion in 2008, according to real-estate research company Foresight Analytics LLC. Below, see the top 15 REITS with the most debt maturities this year and in 2010. Note: Data are as of Dec. 31, 2008.
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