Distressed Fund Seizes Control of One of America’s Largest Malls

Bloomberg•Wednesday, October 29, 2025 at 11:10:03 AM

A distressed-debt fund has taken control of one of America's largest malls, a move that has resulted in significant losses for some creditors and bondholders who once held AAA-rated securities. This situation highlights the ongoing challenges in the retail sector, where financial instability is forcing major changes in ownership and management of key properties. The implications of this takeover could ripple through the market, affecting not just the mall itself but also the broader landscape of commercial real estate.

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