CBL and PREIT File Chapter 11: What's Next for These Two Mall Operators?
Well, we now have our first two casualties in the mall real estate investment trust (REIT) industry. CBL & Associates (NYSE: CBL) and Pennsylvania Real Estate Investment Trust (NYSE: PEI) both filed for Chapter 11 bankruptcy protection. Here's what will happen next, what this means for investors in both companies, and whether other mall REITs could be next.