CBL Properties Announces Acquisition of Gateway Mall in Lincoln, NE and Sale of Open-Air Center [Yahoo! Finance]
CBL & Associates Properties, Inc. (CBL)
Last cbl & associates properties, inc. earnings: 2/6 04:15 pm
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Source: Yahoo! Finance
strategic focus on accretively growing its mall portfolio and increasing cash flow through capital recycling. CBL has completed the acquisition of Gateway Mall, a market-dominant enclosed shopping center located in Lincoln, Nebraska, for a purchase price of $43.5 million from Washington Prime Group (WPG). The acquisition of Gateway Mall was financed through a $21.0 million non-recourse, five-year loan provided by Symetra Life Insurance Company. The loan carries a fixed interest rate of 6.46%. In a separate transaction, CBL has entered into a firm contract for the sale of an open-air center at an approximately 8% capitalization rate. The transaction is expected to generate net proceeds after debt repayment of $25 million, with an anticipated close in April. "Gateway Mall is a high-performing, well-located asset in a dynamic and growing market," said Stephen D. Lebovitz, CEO of CBL Properties. "This acquisition was accomplished at attractive pricing and aligns with our strategy to
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CBL
News
- CBL Properties Announces Acquisition of Gateway Mall in Lincoln, NE and Sale of Open-Air CenterBusiness Wire
- CBL And Associates Properties (CBL) Valuation Check After Recent Share Price Weakness [Yahoo! Finance]Yahoo! Finance
- CBL Properties Reports Outstanding Results for Fourth Quarter and Full-Year 2025Business Wire
- CBL Properties Declares First Quarter Regular Cash DividendBusiness Wire
- CBL Properties Announces Tax Reporting Information for 2025 Common Stock Dividends [Yahoo! Finance]Yahoo! Finance
CBL
Sec Filings
- 3/3/26 - Form 10-K
- 2/18/26 - Form 4
- 2/18/26 - Form 4
- CBL's page on the SEC website