About CBL

Our Mission

We are an innovative retail real estate company comprised of passionate employees who are dedicated to creating captivating experiences for our customers. We aspire to enhance the quality of life in the communities we serve by being the destination of choice.

Our Values

We are comprised of highly skilled, motivated, passionate people working together as a team. Our team: honors and fosters relationships; aspires to innovate; and is committed to excellence.

1979

Charles Lebovitz and five associates form CBL's predecessor company, CBL & Associates, Inc., to develop regional malls and community centers. It's first mall, Plaza del Sol, opened in Del Rio, Texas in March, 1979.

1993

CBL becomes a Real Estate Investment Trust (REIT) named CBL & Associates Properties, Inc. and is listed on the New York Stock Exchange. (NYSE:CBL)

1995

CBL looks to expand its portfolio and completes its first acquisition with the purchase of WestGate Mall in Spartanburg, South Carolina.

2001

CBL nearly doubles the size of its portfolio with the acquisition of 23 properties from The Jacobs Group – the largest single acquisition in the company’s history to date.

2005

CBL expands again, opening Imperial Valley in El Centro, California, the company’s first property on the west coast.

2007

Marking another major milestone, CBL completes the acquisition of two portfolios located in St. Louis, Missouri and Greensboro, North Carolina, investing more than $1.4 billion.

2008

CBL celebrates its 30th anniversary and its 15th year as a publicly traded company.

2010

CBL and TIAA-CREF enter into a $1.09 billion joint-venture partnership.

2011

CBL enters the outlet space through a joint-venture partnership with Horizon Group Properties to develop The Outlet Shoppes at Oklahoma City.

2014

With anchor consolidation on the rise, CBL begins redefining the mall by embarking on a new era of redevelopment, replacing under-performing anchors with in-demand retail, mixed-use and non-traditional tenants. After acquiring the Sears location at two of its top malls, Fayette Mall in Lexington, Kentucky and CoolSprings Galleria, in Nashville, Tennessee in 2013, CBL celebrates the completion of Fayette Mall’s Sears redevelopment, adding The Cheesecake Factory, H&M, Oakley, Michael Kors and a number of other market-exclusive tenants.

2018

CBL further diversifies it's properties and announces the addition of entertainment, dining options, in-demand retail, and other uses to 10 properties across it's portfolio.

2020

CBL opens Live! Casino Pittsburgh in a former department store space at Westmoreland Mall in Westmoreland Pennsylvania, marking the first casino location in CBL’s portfolio and additional progress in the evolution of its mall properties.

2021

CBL completed a major balance sheet reorganization, significantly improving financial flexibility by reducing leverage by more than $1.6 billion and providing for a lengthened maturity schedule and overall lower interest expense.

CBL Properties is a publicly traded real estate investment trust listed on the NYSE under the symbol “CBL.” Since going public in 1993, CBL has experienced tremendous growth as a company measured both by its portfolio size and increases in cash flows. CBL continually strengthens its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties with the ultimate goal of increasing shareholder value.

CBL’s success is founded in its strategy of owning a national portfolio of market-dominant properties located in markets with high growth potential and strong demographics. Its portfolio offers customers more than just a place to shop. Each center serves as an active member of the community, providing in-demand retail stores, a variety of dining options, entertainment and events, services, health and wellness offerings and more. Prime locations and irreplaceable infrastructure drive the consistent demand that allows CBL’s centers to evolve quickly and to maintain its position as the destination of choice in its market.