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CBL to Sell a Quarter of its Malls

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Executives with regional mall REIT CBL & Associates announced they plan to sell approximately 21 properties, or about a quarter of the company's existing portfolio, over the next 36 months, according to timesfreepress.com. The company has separated its mall holdings into three performence tiers and wants to dispose of the bottom tier at a time when many investors are on the lookout for retail acquisitions, especially malls. During a conference with analystis last week, CBL's ...

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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