With distress almost evenly split between payment failures and failed refinancings, executives need to reassess capital stacks, cash flow, and refinancing feasibility on an asset-by-asset basis.

The asset just went under a $35 million renovation.

The most likely scenario is that President Trump will not sign it — meaning the bill would become law at midnight.

Open-air shopping centers again led performance in the first half of 2026, while visitor demographics suggest malls are attracting a wider mix of consumers.