Reorg Webinar Series: REIT Options, Discussing Out-of-Court Solutions Versus Chapter 11 Restructuring

We discuss certain REIT subsectors and how companies have restructured capital structures in light of reduced revenue caused by the Covid-19 pandemic. Mall REITs CBL and Pennsylvania REIT have each sought chapter 11 protection, and Washington Prime Group has warned of a possible chapter 11. However, hotel REITs Ashford Hospitality and Hersha Hospitality have so far avoided bankruptcy by securing out of court financing and selling assets, respectively.

Our coverage team discusses potential reasons why certain REITs have avoided bankruptcy and how REITs have used the bankruptcy process to fix their balance sheets.

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