Federated won't speculate on how many stores might close, but analysts put the figure at somewhere between 50 and 200. Overall, 98malls owned by REITs will have multiple anchors owned by the combined company, according to KeyBanc Capital Markets. Strong centers should have no problem filling the space. Older malls in secondary or tertiary markets may have a harder time.
|Mall Owner||Number Of Malls With Overlap|
|General Growth Properties||23|
|Source: KeyBanc Capital Markets|