Copper Property CTL Pass Through Trust Overview
Pro stress-test →Copper Property CTL Pass Through Trust is a law trust that owns 160 retail properties and six distribution centers originating from J.C. Penney. The Trust's operations consist solely of owning, leasing, and selling properties, with an objective to sell all properties to third-party investors as promptly as practicable.
Strategic Profile
Pro stress-test →The real estate portfolio includes 130 retail properties across 35 states and Puerto Rico, comprising 17.3 million square feet of leasable space. The Trust is externally managed by an affiliate of Hilco Real Estate LLC, with a focus on monetizing assets through sales to institutional investors.
Competitive Landscape
Pro stress-test →Copper Property CTL competes in the distressed real estate liquidation and net-lease markets alongside traditional REITs and specialized liquidation firms. Unlike stabilized REITs, it faces unique challenges as a terminating trust with a finite exit window.
Industry Context
Copper Property CTL Pass Through Trust operates in Real Estate Investment Trusts (REITs) / Distressed Asset Liquidation.
Key facts
Revenue: $100.4M · Market cap: $825M