CBL & Associates Properties Inc. Sells The Promenade in D'Iberville for $83.1 Million in All-Cash Deal

Reuters

07-22

CBL & Associates Properties Inc. Sells The Promenade in D'Iberville for $83.1 Million in All-Cash Deal

CBL & Associates Properties Inc. has announced the successful sale of The Promenade, a 621,000-square-foot open-air center located in D'Iberville, Mississippi, for $83.1 million. This all-cash transaction was completed at an attractive 8.5% cap rate, underscoring the significant value of CBL's open-air portfolio. Stephen D. Lebovitz, CEO of CBL, highlighted that the sale aligns with the company's portfolio optimization strategy, allowing them to reinvest the proceeds into higher yield opportunities. This strategic move aims to strengthen CBL's portfolio, enhance shareholder value, and leverage the company's operating platform and expertise.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CBL & Associates Properties Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250721450769) on July 21, 2025, and is solely responsible for the information contained therein.

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ID: 20250721450769) on July 21, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4231","symbol_name":"零售房地产信托","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250721:nNDL8pt8NV:1","article_id":"2553401533","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2553401533","pubTimestamp":1753129818,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"CBL & Associates Properties Inc. has announced the successful sale of The Promenade, a 621,000-square-foot open-air center located in D'Iberville, Mississippi, for $83.1 million. 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