But their pain could be your gain.
Chains that go out of business leave empty shells in their wake that once were restaurants or stores. And that's no good for the mall REITs.
I’d short Simon Property Group , says Karen Finerman. Their occupancy rates and their valuations aren’t attractive to me.
Also you can short Kimco Realty for many of the same reasons.
Other ways to play it are short the iShares Dow Jones US Real Estate or get long the UltraShort Real Estate ProShares .
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Trader disclosure: On July 30, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (AAPL), (TSO); Najarian Owns (CSCO) Calls, (EMC) Calls, (XLY) Calls, (SU) Calls; Macke Owns (WMT), (MSFT), (COST), (ATVID), (DIS), (EMC); Adami Owns (C), (GS), (INTC), (NUE), (AGU), (MSFT), (BTU); Finerman Owns (GS); Finerman's Firm And Finerman Own (C) Leaps; Finerman's Firm Owns (FLS), (MO), (NOK), (PM), (RAI), (SUN), (TSO), (VLO), (RIG), (MCC); Finerman's Firm Is Short (SPG), (KIM), (XLF), (BBT), (IYR), (IWM), (MDY), (SPY), (IJR)