CBL Properties Announces Sale of Its Interest in Fremaux Town Center in Slidell, LA
CBL & Associates Properties, Inc. (CBL)
Last cbl & associates properties, inc. earnings: 2/6 04:15 pm
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Source: Business Wire
Transaction confirms significant value of CBL’s open-air portfolio and reduces joint venture exposure CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) today announced that it had closed on the sale of its interest in Fremaux Town Center, a roughly 640,000-square-foot open-air center located in Slidell, LA, to its joint venture partner, Stirling. CBL received net cash proceeds of $30.77 million and eliminated $35.0 million of property-specific debt. The transaction represented an 8.2% cap rate.“We’re pleased to complete the sale of our interest in Fremaux Town Center at attractive pricing that highlights the significant and underappreciated value of our open-air portfolio,” said Stephen D. Lebovitz, Chief Executive Officer of CBL. “This transaction simplifies our ownership structure by reducing joint venture exposure. It also generates cash proceeds to pursue higher-yield opportunities, including future acquisitions and share repurchase activity.”About CBL PropertiesHe
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CBL
Sec Filings
- 12/4/25 - Form 4
- 11/19/25 - Form 4
- 11/7/25 - Form 10-Q
- CBL's page on the SEC website