JCPenney reveals an unexpected update about the future of 119 stores [Yahoo! Finance]
Simon Property Group, Inc. (SPG)
Last simon property group, inc. earnings: 2/4 07:30 am
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Source: Yahoo! Finance
Now, as the retailer continues its long road to recovery, another major setback has emerged. In July 2025, JCPenney entered into a $947 million all-cash deal with private equity firm Onyx Partners Ltd., agreeing to transfer the ownership of 119 store locations. The deal was executed through Copper Property CTL Pass-Through Trust, the entity created during JCPenney's bankruptcy to hold and dispose of its real estate assets. Copper Property disclosed that the amendment became effective on July 23 and was non-refundable, thereby guaranteeing the transaction, according to the trust's press release . Once completed, the trust planned to distribute the proceeds to investors. Under the terms of the deal, the properties were subject to a triple-net master lease, under which JCPenney remains responsible for all operating costs, including property taxes, insurance, and maintenance. The lease also included limited termination rights for individual locations in specific circumstances, such
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SPG
News
- 119 JCPenney stores hang in the balance as deal deadline approaches [USA TODAY]USA TODAY
- 119 JCPenney stores hang in the balance as deal deadline approaches [Yahoo! Finance]Yahoo! Finance
- When do malls open, close in the Philadelphia area on Christmas Eve and Christmas? [CBS News]CBS News
- At High-profile Properties, Miller Capital Advisory Advances High-end Agenda [Yahoo! Finance Canada]Yahoo! Finance Canada
- Simon Property Group (SPG): Is the Mall Giant Quietly Undervalued After Its Recent Share Price Gains? [Yahoo! Finance]Yahoo! Finance
SPG
Earnings
- 11/3/25 - Beat
SPG
Sec Filings
- 12/16/25 - Form 4
- 11/18/25 - Form 4
- 11/18/25 - Form 4
- SPG's page on the SEC website