By  on January 2, 2019

Shopping centers for years have been monolithic, homogeneous buildings with the same racetrack layouts, the same food courts and the same singular purpose of selling products. But over the last few years, malls have morphed and adapted to the retail crisis that began in 2015.

The number of store closures peaked in 2017, but ripples from the more than 7,000 units that went dark as a result of bankruptcy, right-sizing and liquidation will continue to both challenge and present opportunities for REITs, mall owners and operators, developers and real estate brokerage firms, even as additional closures are planned this year.

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