CBL & Associates Properties, Inc. is a real estate investment trust (REIT) specializing in the ownership, management and redevelopment of retail real estate throughout the United States. The company’s portfolio is anchored by regional shopping malls and open-air lifestyle centers that feature a mix of national and regional retailers, dining, entertainment venues and specialty merchants. CBL’s revenue is derived primarily from leasing retail space and providing property management services to its tenants.
Founded in 1978 and headquartered in Chattanooga, Tennessee, CBL has grown its footprint to include properties located in more than 20 states, with a concentration in the Southeast, Midwest and Mid-Atlantic regions. Over the years, the company has undertaken both ground-up development projects and value-add acquisitions, often repositioning underperforming centers through strategic re-tenancy, expansion and renovation initiatives. These efforts are supported by in-house leasing, construction and marketing teams.
In addition to its core leasing operations, CBL offers comprehensive asset management and development services. The company works closely with national anchor tenants, smaller in-line retailers and service providers to curate shopping environments that respond to evolving consumer preferences. CBL also pursues mixed-use and experiential retail concepts, integrating dining, entertainment and lifestyle components to drive foot traffic and lengthen customer dwell time.
Leadership at CBL & Associates includes Stephen R. Lebovitz, who has served as president and chief executive officer since the early 1990s, overseeing the company’s growth and strategic repositioning efforts. Under his tenure, CBL has navigated changing retail dynamics by focusing on operational efficiency, portfolio optimization and selective capital investments. The company continues to refine its property mix with an emphasis on delivering value to both tenants and shareholders.
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