| CBL & Associates Properties, Inc. (CBL) is a self-managed, self-administered, integrated real estate investment trust (REIT). CBL is engaged in the ownership, development, acquisition, leasing, management and operation of regional shopping malls, open-air centers and community shopping centers. CBL's shopping center properties are located in 27 states, but are primarily in the southeastern and midwestern United States. In February 2008, the Company entered into 50/50 joint venture agreements with The Benchmark Group of Amherst, New York, for the development of two open-air projects. As of December 31, 2007, the Company owned interests in 84 regional malls/open-air centers, 32 associated centers, 15 community centers and 19 office buildings, as well as options to acquire certain shopping center development sites, and mortgages on 16 properties that are secured by mortgages or wrap-around mortgages on the underlying real estate and related improvements. |
