Alex Arnold's questions to Copper Property CTL Pass Through Trust (CPPTL) leadership • Q2 2024
Question
Alex Arnold from Odeon Capital inquired about Copper Property Trust's shift to a more aggressive sales strategy, asking for details on the changing marketing process, quantifiable evidence of increased market activity over the past three months, and the company's approach to the upcoming 2025 liquidation deadline.
Answer
Executive Neil Aaronson explained the pivot from a passive to an aggressive sales approach, driven by renewed interest in retail real estate and an improving financing backdrop. He confirmed a noticeable increase in inbound calls and negotiations. Executive Larry Finger specified that this new strategy includes actively marketing the CTL properties for the first time. Regarding the deadline, Finger noted an automatic extension to January 2026, and both executives stated that while they have contingency plans, it is premature for stakeholder discussions.