Forever 21 leases almost all its retail stores it has 549 US stores and 251 in other countries, for a total of 12.2 million total square feet.
"For those reasons, I do believe that there is a very good chance that Forever 21 will emerge from bankruptcy."
In the first half of 2019, more retail stores closed than in all of 2018, according to Coresight Research, making Forever 21 part of an industry trend facing many retailers.
Many Forever 21 stores are in malls, and the decline in mall foot traffic has led to a decrease in sales through what has traditionally been the company's predominant retail channel.
"I have to imagine that that would generally speaking be detrimental to landlords," Van Horn said.