Real estate funds owning Homeplus stores as assets are unable to collect rent after Homeplus’s application for corporate rehabilitation. Financial institutions that lent money to these funds are pressuring them for repayment. If the funds fail to repay the loan interest, the stores could be put up for public auction, risking ‘chain damage’ to financial institutions, the workforce, and partner companies. Homeplus’s sudden stop in rent payment has also affected other real estate investment trusts (REITs). About 68 Homeplus stores, with an annual rent of around 400 billion won, are owned by real estate funds or REITs.
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Auto-posted at: 2025-03-18 21:01:32