Copper Property CTL Pass Through Trust

Copper Property CTL Pass Through Trust is a New York common law trust established to own, manage, and liquidate real estate assets. The entity operates by holding retail properties and leasing them under master agreements exclusively to Penney Intermediate Holdings LLC. Aside from generating revenue through lease obligations, the trust arranges the disposition of its real estate assets to third-party purchasers and distributes net operational and sales proceeds to its certificateholders. It is externally managed and maintains no internal employees.

The trust's real estate portfolio comprises 117 retail properties spread across 35 states and Puerto Rico, encompassing approximately 15.5 million square feet of leasable area. The properties were originally acquired in connection with the reorganization of Old Copper Company, Inc. Administrative functions and asset operations are coordinated through third-party service entities, while the text does not identify a specific corporate headquarters location.

Summary of the business section of Copper Property CTL Pass Through Trust's latest annual report, written by StockData.