CBL & Associates Properties, Inc.
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CBL & Associates Properties, Inc. - overview
Established
1978
Location
Chattanooga, TN, US
Primary Industry
Business Support Services
About
CBL & Associates Properties, Inc. is a prominent real estate investment trust specializing in the development and management of retail properties, including malls and lifestyle centers. Their focus lies on enhancing integrated shopping experiences. Founded in 1978 and headquartered in Chattanooga, US, CBL & Associates Properties, Inc.
specializes in retail real estate development and management. The firm is led by CEO Stephen Lebovitz, who has extensive experience in the real estate sector. CBL Properties specializes in the development and management of retail real estate, focusing on a diverse portfolio that includes malls, outlet centers, and lifestyle centers. Their core offerings are designed to create an integrated shopping experience that combines retail, dining, and entertainment, catering to the evolving needs of consumers.
This approach enhances foot traffic and fosters community engagement, addressing the consumer demand for multifunctional spaces. CBL Properties primarily serves a customer base that includes various retailers, dining establishments, and entertainment venues, which are strategically located across multiple regions in the United States. The company’s portfolio consists of 89 properties that encompass approximately 55 traditional malls, 30 open-air centers, and a mix of lifestyle properties, making it a notable player in the retail landscape. CBL Properties generates revenue primarily through leasing agreements with retailers and service providers within its managed properties.
The transaction structure is characterized by long-term leases where tenants pay a combination of fixed rents and variable rents based on sales performance. For the fiscal year 2024, CBL Properties reported a revenue of USD 515. 56 mn and an EBITDA of USD 337. 54 mn.
The company is publicly traded on the NYSE under the ticker CBL, reflecting its established presence in the market.
Primary Industry
Business Support Services
Sub Industries
Business Support Services, Financial Services
Website
www.cblproperties.com
Total Amount Raised
Subscriber access only
CBL & Associates Properties, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| N/A | Completed | College Square Mall, Foothills Mall | - | ||||||||
| N/A | Completed | Caldwell Court | - | ||||||||
| N/A | Completed | Shops at Pineda | - | ||||||||
| Growth | Completed | Jeshing | - | ||||||||
| N/A | Completed | Laurel Park Place | - |
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