Rouse defaults on loan secured by Texas mall
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Rouse PropertiesInc. failed to repay the loan secured by its Vista Ridge Mall in Lewisville, Texas, by the April5 maturity date.
The company, in reporting its first-quarter results, said thelender informed it of the default April 19.
Rouse said it is "working vigorously" with the lenderto convey the asset in full satisfaction of the debt.
