CBL Properties Announces Promotions

CHATTANOOGA, Tenn.–(BUSINESS WIRE)–CBL Properties (NYSE:CBL) today announced the promotions of Judy
Craighead to Vice President – Business Development, Stan Hildebrand to
Vice President – Finance Counsel, Joseph Khalili to Vice President –
Financial Operations and Administration, and Mary Lynn Morse to Vice
President – Marketing.

Commenting on the promotions, CBL Properties’ Chief Executive Officer
Stephen Lebovitz said, “These individuals have established themselves as
leaders within the CBL organization and the shopping center industry. We
are pleased to recognize their accomplishments and contributions to the
company with these well-deserved promotions.”

Lebovitz added, “Judy’s expertise and vision have been invaluable to
CBL, leading the company’s Business Development efforts to broaden and
diversify our sources of revenue. Stan has been an integral part of our
financial services department since joining the company in 2007, serving
as counsel for all of CBL’s major financings, including leading the
legal team that closed CBL’s new $1.185 billion credit facility in
January of this year. Joseph’s accounting expertise and insight have
been instrumental as his role and responsibilities within the
organization have evolved and expanded. Mary Lynn has played a critical
role in CBL’s marketing department since joining the company in 1995.
Her experience and creativity will help us continue to advance our
marketing strategies given the growing prominence of digital and other
technology.”

About CBL Properties

Headquartered in Chattanooga, TN, CBL Properties owns and manages a
national portfolio of market-dominant properties located in dynamic and
growing communities. CBL’s portfolio is comprised of 115 properties
totaling 71.5 million square feet across 26 states, including 72
high-quality enclosed, outlet and open-air retail centers and 11
properties managed for third parties. CBL continuously strengthens its
company and portfolio through active management, aggressive leasing and
profitable reinvestment in its properties. For more information visit cblproperties.com.

Contacts

Investor Contact:
Katie Reinsmidt
EVP & Chief Investment
Officer
423.490.8301
Katie.Reinsmidt@cblproperties.com

Media
Contact:
Stacey Keating
Director – Public Relations &
Corporate Communications
423.490.8361
Stacey.Keating@cblproperties.com

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