CBL & Associates Management Inc

CBL & Associates Management, Inc. is a prominent real estate investment trust (REIT) specializing in the ownership, development, acquisition, leasing, management, and operation of regional shopping malls, outlet centers, lifestyle centers, and open-air centers across the United States. Established in 1978 by Charles B. Lebovitz and his associates, the company has grown to become one of the largest and most active owners and developers of retail properties in the nation.

Headquartered in Chattanooga, Tennessee, CBL's portfolio encompasses 88 properties totaling 55.4 million square feet across 20 states. This includes 52 high-quality enclosed malls, outlet centers, lifestyle retail centers, and more than 30 open-air centers and other assets.

Business Model and Strategy

The company's properties are strategically located in dynamic and growing communities, primarily in the Southeastern and Midwestern United States. It focuses on active management, aggressive leasing, and profitable reinvestment in its properties.

CBL continuously strengthens its portfolio through redevelopment, renovation, and expansion, ensuring its centers remain attractive to both retailers and consumers. In recent years, it has diversified offerings by incorporating entertainment, dining options, and non-traditional tenants to redefine the mall experience.

Financial Highlights and Workforce

As of 2023, CBL reported a revenue of $576.9 million with a net income of $3 million. The company employs approximately 469 individuals across various locations.

It boasts a strong workplace culture, with 93% of employees stating it is a great place to work. CBL was recognized on the Fortune Best Workplaces in Real Estate™ 2024 list, ranking #30 in the Small and Medium category.

Locations

• Headquarters in Chattanooga, Tennessee
• Regional offices in Boston (Waltham), Massachusetts
• Dallas (Irving), Texas
• St. Louis, Missouri
• Fayetteville, NC, USA

Significance

Through its extensive portfolio and strategic initiatives, CBL & Associates Management, Inc. continues to play a significant role in shaping the retail landscape.

It provides high-quality shopping experiences and contributes to the economic vitality of the communities it serves.