CBL & Associates Properties, Inc. is a real estate investment trust that owns, develops, acquires, leases and manages retail properties in the United States. Its portfolio is centered on enclosed shopping malls, open-air retail centers and mixed-use properties designed to serve regional and community markets.
The company’s properties typically accommodate department stores, national and specialty retailers, restaurants, entertainment venues and other service-oriented businesses. CBL also focuses on redeveloping and repositioning properties to add new retail, dining, entertainment, residential and other mixed-use components.
Founded in 1978 and headquartered in Chattanooga, Tennessee, CBL has historically concentrated its operations in the Southeast, Midwest and other selected U.S. markets. The company has been led by Stephen D. Lebovitz, who serves as chief executive officer. CBL completed a financial restructuring and emerged from bankruptcy in 2021, continuing its operations as a retail-focused property company.
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