The buyout talks remain active, said Bruce Flatt, CEO of Brookfield Asset Management Inc., declining to discuss the negotiations in detail.
The stock performance of retail REITs has come under pressure in part due to the impact of e-commerce competition.
American Campus Communities and EdR sit at the forefront of P3s in student housing, according to Jaclyn Fitts, national director of student housing at CBRE.
Realty Income owns more than 5,000 properties, located throughout 49 states and Puerto Rico, which are leased to tenants under long-term net lease agreements.
REIT sector experts say the attention that the retail sector is now receiving is long overdue.
CBL has been facing pressure to grant tenants rent concessions, says Ana Lai, primary credit analyst at S&P.
The move represents the rare giant mall trade offer in recent memory, and could re-price a sector challenged by the rise of e-commerce.