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Mall REITs own 24 properties with a newly announced Sears store closing

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Mall REITs own 24 properties with a newly announced Sears store closing

Half of the 48 Sears stores slated for closure in Sears Holdings Corp.'s May 31 release are at properties owned by publicly traded real estate investment trusts.

Simon Property Group Inc. owns the most properties with a closing Sears store, at 11, while Washington Prime Group Inc. owns six malls with a closing Sears. CBL & Associates Properties Inc. and Westfield Corp. each own three properties with a closing Sears, and Macerich Co. owns one.

None of the 15 Kmart closings, also announced by Sears Holdings, are at REIT-owned properties.

The 63 stores, which are the latest in a series of store closings for the company, are expected to close in early September.

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