| Schedule III - REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION |
Schedule III CBL & ASSOCIATES PROPERTIES, INC. REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION At December 31, 2025 (In thousands)
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Initial Cost (1) |
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Gross Carry Amounts at Close of Period |
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|
Description /Location |
|
Encumbrances
(2) |
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|
Land |
|
|
Buildings
and
Improvements |
|
|
Costs
Capitalized
Subsequent to
Acquisition |
|
|
Sales of
Outparcel
Land |
|
|
Fresh Start
Adjustments |
|
|
Land |
|
|
Buildings
and
Improvements |
|
|
Total (3) |
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|
Accumulated
Depreciation
(4) |
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|
Date of
Construction
/ Acquisition |
OPERATING PROPERTIES |
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Alamance Crossing West
Burlington, NC |
|
$ |
18,111 |
|
|
$ |
8,344 |
|
|
$ |
19,549 |
|
|
$ |
240 |
|
|
$ |
(3,962 |
) |
|
$ |
(11,969 |
) |
|
$ |
6,242 |
|
|
$ |
5,960 |
|
|
$ |
12,202 |
|
|
$ |
(1,776 |
) |
|
2007 |
Arbor Place
Atlanta (Douglasville), GA |
|
|
85,515 |
|
|
|
8,508 |
|
|
|
95,088 |
|
|
|
30,579 |
|
|
|
— |
|
|
|
(89,396 |
) |
|
|
3,050 |
|
|
|
41,729 |
|
|
|
44,779 |
|
|
|
(11,265 |
) |
|
1998-1999 |
Ashland Town Center
Ashland, KY |
|
|
26,400 |
|
|
|
9,237 |
|
|
|
27,235 |
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|
358 |
|
|
|
— |
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|
— |
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|
|
9,237 |
|
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|
27,593 |
|
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36,830 |
|
|
|
(528 |
) |
|
2025 |
Brookfield Square
Brookfield, WI |
|
|
— |
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|
|
8,996 |
|
|
|
78,533 |
|
|
|
99,692 |
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|
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(5,208 |
) |
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|
(146,235 |
) |
|
|
10,284 |
|
|
|
25,494 |
|
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35,778 |
|
|
|
(10,355 |
) |
|
2001 |
CBL Center
Chattanooga, TN |
|
|
— |
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|
|
1,332 |
|
|
|
24,675 |
|
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|
3,051 |
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|
|
— |
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|
(17,030 |
) |
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|
3,081 |
|
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|
8,947 |
|
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12,028 |
|
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|
(2,391 |
) |
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2001 |
CBL Center II
Chattanooga, TN |
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— |
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|
22 |
|
|
|
13,648 |
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|
1,796 |
|
|
|
— |
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(9,880 |
) |
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|
965 |
|
|
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4,621 |
|
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5,586 |
|
|
|
(943 |
) |
|
2008 |
CherryVale Mall
Rockford, IL |
|
|
— |
|
(5) |
|
11,892 |
|
|
|
64,117 |
|
|
|
56,438 |
|
|
|
(1,667 |
) |
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|
(113,543 |
) |
|
|
5,360 |
|
|
|
11,877 |
|
|
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17,237 |
|
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(5,810 |
) |
|
2001 |
CoolSprings Crossing
Nashville, TN |
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17,331 |
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2,803 |
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|
14,985 |
|
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(2,802 |
) |
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— |
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|
(10,291 |
) |
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|
2,969 |
|
|
|
1,726 |
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4,695 |
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(846 |
) |
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1991-1993 |
CoolSprings Galleria
Nashville, TN |
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133,958 |
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21,333 |
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131,871 |
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|
1,016 |
|
|
|
— |
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|
|
— |
|
|
|
21,333 |
|
|
|
132,887 |
|
|
|
154,220 |
|
|
|
(7,012 |
) |
|
2024 |
Courtyard at Hickory Hollow
Nashville, TN |
|
|
4,485 |
|
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|
3,314 |
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|
2,771 |
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|
665 |
|
|
|
(231 |
) |
|
|
(1,181 |
) |
|
|
1,844 |
|
|
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3,494 |
|
|
|
5,338 |
|
|
|
(770 |
) |
|
1998 |
Cross Creek Mall
Fayetteville, NC |
|
|
77,603 |
|
|
|
19,155 |
|
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|
104,378 |
|
|
|
35,354 |
|
|
|
— |
|
|
|
(49,534 |
) |
|
|
4,372 |
|
|
|
104,981 |
|
|
|
109,353 |
|
|
|
(24,391 |
) |
|
2003 |
Dakota Square Mall
Minot, ND |
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— |
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4,552 |
|
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87,625 |
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27,834 |
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— |
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(96,630 |
) |
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5,179 |
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18,202 |
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23,381 |
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(5,386 |
) |
|
2012 |
East Towne Mall
Madison, WI |
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— |
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(5) |
|
4,496 |
|
|
|
63,867 |
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64,356 |
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|
|
(909 |
) |
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(123,012 |
) |
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4,413 |
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|
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4,385 |
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8,798 |
|
|
|
(3,155 |
) |
|
2002 |
Eastland Mall
Bloomington, IL |
|
|
— |
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|
|
5,746 |
|
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|
75,893 |
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(71,144 |
) |
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|
(753 |
) |
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(5,600 |
) |
|
|
1,921 |
|
|
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2,221 |
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4,142 |
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(966 |
) |
|
2005 |
Fayette Mall
Lexington, KY |
|
|
101,683 |
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|
|
25,205 |
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84,256 |
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|
|
114,030 |
|
|
|
— |
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|
|
(87,361 |
) |
|
|
11,203 |
|
|
|
124,927 |
|
|
|
136,130 |
|
|
|
(24,281 |
) |
|
2001 |
Frontier Mall
Cheyenne, WY |
|
|
— |
|
(5) |
|
2,681 |
|
|
|
15,858 |
|
|
|
22,658 |
|
|
|
(83 |
) |
|
|
(31,588 |
) |
|
|
3,715 |
|
|
|
5,811 |
|
|
|
9,526 |
|
|
|
(2,413 |
) |
|
1984-1985 |
Frontier Square
Cheyenne, WY |
|
|
2,863 |
|
|
|
346 |
|
|
|
684 |
|
|
|
1,422 |
|
|
|
(86 |
) |
|
|
612 |
|
|
|
904 |
|
|
|
2,074 |
|
|
|
2,978 |
|
|
|
(409 |
) |
|
1985 |
Gunbarrel Pointe
Chattanooga, TN |
|
|
16,358 |
|
|
|
4,170 |
|
|
|
10,874 |
|
|
|
5,798 |
|
|
|
— |
|
|
|
(5,974 |
) |
|
|
8,099 |
|
|
|
6,769 |
|
|
|
14,868 |
|
|
|
(1,493 |
) |
|
2000 |
Hamilton Corner
Chattanooga, TN |
|
|
16,533 |
|
|
|
630 |
|
|
|
5,532 |
|
|
|
8,600 |
|
|
|
— |
|
|
|
(2,368 |
) |
|
|
4,981 |
|
|
|
7,413 |
|
|
|
12,394 |
|
|
|
(1,552 |
) |
|
1986-1987 |
Hamilton Crossing
Chattanooga, TN |
|
|
11,615 |
|
|
|
4,014 |
|
|
|
5,906 |
|
|
|
7,883 |
|
|
|
(1,370 |
) |
|
|
(5,550 |
) |
|
|
5,300 |
|
|
|
5,583 |
|
|
|
10,883 |
|
|
|
(1,348 |
) |
|
1987 |
Schedule III CBL & ASSOCIATES PROPERTIES, INC. REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION At December 31, 2025 (In thousands)
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|
|
|
|
|
|
Initial Cost (1) |
|
|
|
|
|
|
|
|
|
|
|
Gross Carry Amounts at Close of Period |
|
|
|
Description /Location |
|
Encumbrances
(2) |
|
|
Land |
|
|
Buildings
and
Improvements |
|
|
Costs
Capitalized
Subsequent to
Acquisition |
|
|
Sales of
Outparcel
Land |
|
|
Fresh Start
Adjustments |
|
|
Land |
|
|
Buildings
and
Improvements |
|
|
Total (3) |
|
|
Accumulated
Depreciation
(4) |
|
|
Date of
Construction
/ Acquisition |
Hamilton Place
Chattanooga, TN |
|
$ |
86,636 |
|
|
$ |
3,532 |
|
|
$ |
42,619 |
|
|
$ |
56,138 |
|
|
$ |
(2,933 |
) |
|
$ |
(35,984 |
) |
|
$ |
9,091 |
|
|
$ |
54,281 |
|
|
$ |
63,372 |
|
|
$ |
(14,281 |
) |
|
1986-1987 |
Hanes Mall
Winston-Salem, NC |
|
|
— |
|
(5) |
|
17,176 |
|
|
|
133,376 |
|
|
|
54,120 |
|
|
|
(1,767 |
) |
|
|
(147,963 |
) |
|
|
13,968 |
|
|
|
40,974 |
|
|
|
54,942 |
|
|
|
(10,579 |
) |
|
2001 |
Harford Annex
Bel Air, MD |
|
|
12,982 |
|
|
|
3,117 |
|
|
|
9,718 |
|
|
|
1,368 |
|
|
|
— |
|
|
|
(2,430 |
) |
|
|
3,117 |
|
|
|
8,656 |
|
|
|
11,773 |
|
|
|
(1,624 |
) |
|
2003 |
Harford Mall
Bel Air, MD |
|
|
— |
|
|
|
8,699 |
|
|
|
45,704 |
|
|
|
17,944 |
|
|
|
— |
|
|
|
(65,736 |
) |
|
|
4,582 |
|
|
|
2,029 |
|
|
|
6,611 |
|
|
|
(1,069 |
) |
|
2003 |
Jefferson Mall
Louisville, KY |
|
|
48,990 |
|
|
|
13,125 |
|
|
|
40,234 |
|
|
|
28,458 |
|
|
|
(521 |
) |
|
|
(70,099 |
) |
|
|
4,625 |
|
|
|
6,572 |
|
|
|
11,197 |
|
|
|
(3,222 |
) |
|
2001 |
Kirkwood Mall
Bismarck, ND |
|
|
— |
|
(5) |
|
3,368 |
|
|
|
118,945 |
|
|
|
43,794 |
|
|
|
(2,394 |
) |
|
|
(126,278 |
) |
|
|
8,114 |
|
|
|
29,321 |
|
|
|
37,435 |
|
|
|
(7,570 |
) |
|
2012 |
The Landing at Arbor Place
Atlanta (Douglasville), GA |
|
|
5,682 |
|
|
|
7,238 |
|
|
|
14,330 |
|
|
|
2,804 |
|
|
|
(2,242 |
) |
|
|
(18,627 |
) |
|
|
1,587 |
|
|
|
1,916 |
|
|
|
3,503 |
|
|
|
(526 |
) |
|
1998-1999 |
Laurel Park Place
Livonia, MI |
|
|
— |
|
|
|
13,289 |
|
|
|
92,579 |
|
|
|
(98,075 |
) |
|
|
— |
|
|
|
(3,630 |
) |
|
|
751 |
|
|
|
3,412 |
|
|
|
4,163 |
|
|
|
(1,721 |
) |
|
2005 |
Mall del Norte
Laredo, TX |
|
|
— |
|
(5) |
|
21,734 |
|
|
|
142,049 |
|
|
|
59,937 |
|
|
|
(149 |
) |
|
|
(148,232 |
) |
|
|
13,875 |
|
|
|
61,464 |
|
|
|
75,339 |
|
|
|
(15,805 |
) |
|
2004 |
Mayfaire Town Center
Wilmington, NC |
|
|
— |
|
(5) |
|
26,333 |
|
|
|
101,087 |
|
|
|
31,893 |
|
|
|
— |
|
|
|
(107,804 |
) |
|
|
7,165 |
|
|
|
44,344 |
|
|
|
51,509 |
|
|
|
(11,779 |
) |
|
2015 |
Meridian Mall
Lansing, MI |
|
|
— |
|
|
|
2,797 |
|
|
|
103,678 |
|
|
|
67,092 |
|
|
|
— |
|
|
|
(150,764 |
) |
|
|
9,487 |
|
|
|
13,316 |
|
|
|
22,803 |
|
|
|
(4,905 |
) |
|
1998 |
Mesa Mall
Grand Junction, CO |
|
|
30,128 |
|
|
|
8,210 |
|
|
|
35,503 |
|
|
|
115 |
|
|
|
— |
|
|
|
— |
|
|
|
8,210 |
|
|
|
35,618 |
|
|
|
43,828 |
|
|
|
(660 |
) |
|
2025 |
Mid Rivers Mall
St. Peters, MO |
|
|
— |
|
|
|
16,384 |
|
|
|
170,582 |
|
|
|
(132,005 |
) |
|
|
(4,174 |
) |
|
|
(27,787 |
) |
|
|
10,473 |
|
|
|
12,527 |
|
|
|
23,000 |
|
|
|
(4,605 |
) |
|
2007 |
Northgate Mall
Chattanooga, TN |
|
|
— |
|
(5) |
|
2,330 |
|
|
|
8,960 |
|
|
|
24,933 |
|
|
|
(492 |
) |
|
|
(23,815 |
) |
|
|
3,413 |
|
|
|
8,503 |
|
|
|
11,916 |
|
|
|
(2,312 |
) |
|
2011 |
Northpark Mall
Joplin, MO |
|
|
— |
|
|
|
9,977 |
|
|
|
65,481 |
|
|
|
39,417 |
|
|
|
— |
|
|
|
(99,164 |
) |
|
|
7,084 |
|
|
|
8,627 |
|
|
|
15,711 |
|
|
|
(4,185 |
) |
|
2004 |
Northwoods Mall
North Charleston, SC |
|
|
47,615 |
|
|
|
14,867 |
|
|
|
49,647 |
|
|
|
33,873 |
|
|
|
(2,339 |
) |
|
|
(52,958 |
) |
|
|
9,402 |
|
|
|
33,688 |
|
|
|
43,090 |
|
|
|
(10,407 |
) |
|
2001 |
Oak Park Mall
Overland Park, KS |
|
|
245,665 |
|
|
|
28,207 |
|
|
|
100,879 |
|
|
|
3,179 |
|
|
|
— |
|
|
|
— |
|
|
|
28,207 |
|
|
|
104,058 |
|
|
|
132,265 |
|
|
|
(4,791 |
) |
|
2024 |
Old Hickory Mall
Jackson, TN |
|
|
— |
|
|
|
15,527 |
|
|
|
29,413 |
|
|
|
(32,387 |
) |
|
|
(362 |
) |
|
|
(9,431 |
) |
|
|
800 |
|
|
|
1,960 |
|
|
|
2,760 |
|
|
|
(829 |
) |
|
2001 |
The Outlet Shoppes at Gettysburg
Gettysburg, PA |
|
|
19,438 |
|
|
|
20,779 |
|
|
|
22,180 |
|
|
|
(27,176 |
) |
|
|
(2,394 |
) |
|
|
(47 |
) |
|
|
7,822 |
|
|
|
5,520 |
|
|
|
13,342 |
|
|
|
(2,380 |
) |
|
2012 |
The Outlet Shoppes at Laredo
Laredo, TX |
|
|
31,380 |
|
|
|
11,000 |
|
|
|
97,353 |
|
|
|
(62,761 |
) |
|
|
(2,394 |
) |
|
|
(26,318 |
) |
|
|
3,741 |
|
|
|
13,139 |
|
|
|
16,880 |
|
|
|
(2,780 |
) |
|
2017 |
Schedule III CBL & ASSOCIATES PROPERTIES, INC. REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION At December 31, 2025 (In thousands)
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
Initial Cost (1) |
|
|
|
|
|
|
|
|
|
|
|
Gross Carry Amounts at Close of Period |
|
|
|
Description /Location |
|
Encumbrances
(2) |
|
|
Land |
|
|
Buildings
and
Improvements |
|
|
Costs
Capitalized
Subsequent to
Acquisition |
|
|
Sales of
Outparcel
Land |
|
|
Fresh Start
Adjustments |
|
|
Land |
|
|
Buildings
and
Improvements |
|
|
Total (3) |
|
|
Accumulated
Depreciation
(4) |
|
|
Date of
Construction
/ Acquisition |
Paddock Mall
Ocala, FL |
|
$ |
33,733 |
|
|
$ |
10,361 |
|
|
$ |
38,803 |
|
|
$ |
171 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
10,361 |
|
|
$ |
38,974 |
|
|
$ |
49,335 |
|
|
$ |
(731 |
) |
|
2025 |
Parkdale Mall and Crossing
Beaumont, TX |
|
|
49,075 |
|
|
|
22,060 |
|
|
|
29,842 |
|
|
|
(4,786 |
) |
|
|
(874 |
) |
|
|
(21,766 |
) |
|
|
11,364 |
|
|
|
13,112 |
|
|
|
24,476 |
|
|
|
(5,698 |
) |
|
2001 |
Parkway Place
Huntsville, AL |
|
|
— |
|
|
|
6,364 |
|
|
|
67,067 |
|
|
|
11,437 |
|
|
|
— |
|
|
|
(43,144 |
) |
|
|
10,067 |
|
|
|
31,657 |
|
|
|
41,724 |
|
|
|
(8,303 |
) |
|
2010 |
Pearland Office
Pearland, TX |
|
|
— |
|
(5) |
|
— |
|
|
|
7,849 |
|
|
|
2,472 |
|
|
|
— |
|
|
|
(3,210 |
) |
|
|
— |
|
|
|
7,111 |
|
|
|
7,111 |
|
|
|
(2,175 |
) |
|
2009 |
Pearland Town Center
Pearland, TX |
|
|
— |
|
(5) |
|
16,300 |
|
|
|
108,615 |
|
|
|
25,879 |
|
|
|
(857 |
) |
|
|
(106,531 |
) |
|
|
16,896 |
|
|
|
26,510 |
|
|
|
43,406 |
|
|
|
(8,199 |
) |
|
2008 |
The Plaza at Fayette
Lexington, KY |
|
|
23,108 |
|
|
|
9,531 |
|
|
|
27,646 |
|
|
|
2,609 |
|
|
|
— |
|
|
|
(28,520 |
) |
|
|
2,527 |
|
|
|
8,739 |
|
|
|
11,266 |
|
|
|
(4,326 |
) |
|
2006 |
Post Oak Mall
College Station, TX |
|
|
— |
|
(5) |
|
3,936 |
|
|
|
48,948 |
|
|
|
17,732 |
|
|
|
(327 |
) |
|
|
(52,738 |
) |
|
|
6,028 |
|
|
|
11,523 |
|
|
|
17,551 |
|
|
|
(3,960 |
) |
|
1984-1985 |
Richland Mall
Waco, TX |
|
|
— |
|
(5) |
|
9,874 |
|
|
|
34,793 |
|
|
|
25,490 |
|
|
|
(1,225 |
) |
|
|
(44,167 |
) |
|
|
8,793 |
|
|
|
15,972 |
|
|
|
24,765 |
|
|
|
(5,159 |
) |
|
2002 |
The Shoppes at Hamilton Place
Chattanooga, TN |
|
|
18,905 |
|
|
|
5,837 |
|
|
|
16,326 |
|
|
|
1,506 |
|
|
|
— |
|
|
|
(10,827 |
) |
|
|
5,062 |
|
|
|
7,780 |
|
|
|
12,842 |
|
|
|
(2,352 |
) |
|
2003 |
The Shoppes at St. Clair Square
Fairview Heights, IL |
|
|
16,530 |
|
|
|
8,250 |
|
|
|
23,623 |
|
|
|
739 |
|
|
|
(5,044 |
) |
|
|
(19,688 |
) |
|
|
2,783 |
|
|
|
5,097 |
|
|
|
7,880 |
|
|
|
(1,136 |
) |
|
2007 |
South County Center
St. Louis, MO |
|
|
— |
|
|
|
15,754 |
|
|
|
159,249 |
|
|
|
4,604 |
|
|
|
— |
|
|
|
(160,681 |
) |
|
|
12,871 |
|
|
|
6,055 |
|
|
|
18,926 |
|
|
|
(3,415 |
) |
|
2007 |
Southaven Towne Center
Southaven, MS |
|
|
— |
|
(5) |
|
14,315 |
|
|
|
29,380 |
|
|
|
2,853 |
|
|
|
— |
|
|
|
(27,929 |
) |
|
|
10,163 |
|
|
|
8,456 |
|
|
|
18,619 |
|
|
|
(2,251 |
) |
|
2005 |
Southgate Mall
Missoula, MT |
|
|
19,739 |
|
|
|
7,680 |
|
|
|
18,393 |
|
|
|
148 |
|
|
|
— |
|
|
|
— |
|
|
|
7,680 |
|
|
|
18,541 |
|
|
|
26,221 |
|
|
|
(451 |
) |
|
2025 |
St. Clair Square
Fairview Heights, IL |
|
|
— |
|
|
|
11,027 |
|
|
|
75,620 |
|
|
|
36,121 |
|
|
|
— |
|
|
|
(82,113 |
) |
|
|
8,150 |
|
|
|
32,505 |
|
|
|
40,655 |
|
|
|
(8,545 |
) |
|
1996 |
Stroud Mall
Stroudsburg, PA |
|
|
— |
|
|
|
14,711 |
|
|
|
23,936 |
|
|
|
(24,097 |
) |
|
|
— |
|
|
|
(5,698 |
) |
|
|
2,942 |
|
|
|
5,910 |
|
|
|
8,852 |
|
|
|
(2,736 |
) |
|
1998 |
Sunrise Commons
Brownsville, TX |
|
|
8,508 |
|
|
|
1,013 |
|
|
|
7,525 |
|
|
|
1,946 |
|
|
|
— |
|
|
|
(2,845 |
) |
|
|
3,504 |
|
|
|
4,135 |
|
|
|
7,639 |
|
|
|
(915 |
) |
|
2003 |
Sunrise Mall
Brownsville, TX |
|
|
— |
|
(5) |
|
11,156 |
|
|
|
59,047 |
|
|
|
18,397 |
|
|
|
— |
|
|
|
(45,064 |
) |
|
|
14,999 |
|
|
|
28,537 |
|
|
|
43,536 |
|
|
|
(12,086 |
) |
|
2003 |
The Terrace
Chattanooga, TN |
|
|
17,542 |
|
|
|
4,166 |
|
|
|
9,929 |
|
|
|
11,266 |
|
|
|
— |
|
|
|
(9,404 |
) |
|
|
8,982 |
|
|
|
6,975 |
|
|
|
15,957 |
|
|
|
(1,821 |
) |
|
1997 |
Turtle Creek Mall
Hattiesburg, MS |
|
|
— |
|
(5) |
|
2,345 |
|
|
|
26,418 |
|
|
|
19,063 |
|
|
|
— |
|
|
|
(26,937 |
) |
|
|
3,977 |
|
|
|
16,912 |
|
|
|
20,889 |
|
|
|
(6,438 |
) |
|
1993-1995 |
Valley View Mall
Roanoke, VA |
|
|
— |
|
(5) |
|
15,985 |
|
|
|
77,771 |
|
|
|
23,972 |
|
|
|
— |
|
|
|
(89,309 |
) |
|
|
9,499 |
|
|
|
18,920 |
|
|
|
28,419 |
|
|
|
(5,427 |
) |
|
2003 |
Schedule III CBL & ASSOCIATES PROPERTIES, INC. REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION At December 31, 2025 (In thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Initial Cost (1) |
|
|
|
|
|
|
|
|
|
|
|
Gross Carry Amounts at Close of Period |
|
|
|
Description /Location |
|
Encumbrances
(2) |
|
|
Land |
|
|
Buildings
and
Improvements |
|
|
Costs
Capitalized
Subsequent to
Acquisition |
|
|
Sales of
Outparcel
Land |
|
|
Fresh Start
Adjustments |
|
|
Land |
|
|
Buildings
and
Improvements |
|
|
Total (3) |
|
|
Accumulated
Depreciation
(4) |
|
|
Date of
Construction
/ Acquisition |
Volusia Mall
Daytona Beach, FL |
|
$ |
33,165 |
|
|
$ |
2,526 |
|
|
$ |
120,242 |
|
|
$ |
22,168 |
|
|
$ |
(222 |
) |
|
$ |
(128,334 |
) |
|
$ |
10,856 |
|
|
$ |
5,524 |
|
|
$ |
16,380 |
|
|
$ |
(2,913 |
) |
|
2004 |
West County Center
Des Peres, MO |
|
|
140,024 |
|
|
|
11,634 |
|
|
|
96,736 |
|
|
|
2,587 |
|
|
|
— |
|
|
|
— |
|
|
|
11,634 |
|
|
|
99,323 |
|
|
|
110,957 |
|
|
|
(7,632 |
) |
|
2024 |
West Towne Crossing
Madison, WI |
|
|
19,905 |
|
|
|
1,784 |
|
|
|
2,955 |
|
|
|
7,777 |
|
|
|
— |
|
|
|
4,227 |
|
|
|
5,831 |
|
|
|
10,912 |
|
|
|
16,743 |
|
|
|
(1,846 |
) |
|
1998 |
West Towne Mall
Madison, WI |
|
|
— |
|
(5) |
|
8,912 |
|
|
|
83,084 |
|
|
|
49,764 |
|
|
|
— |
|
|
|
(84,533 |
) |
|
|
14,623 |
|
|
|
42,604 |
|
|
|
57,227 |
|
|
|
(12,322 |
) |
|
2002 |
WestGate Crossing
Spartanburg, SC |
|
|
7,600 |
|
|
|
1,082 |
|
|
|
3,422 |
|
|
|
7,924 |
|
|
|
— |
|
|
|
(5,426 |
) |
|
|
2,047 |
|
|
|
4,955 |
|
|
|
7,002 |
|
|
|
(1,291 |
) |
|
1997 |
Westmoreland Crossing
Greensburg, PA |
|
|
— |
|
(5) |
|
2,898 |
|
|
|
21,167 |
|
|
|
9,614 |
|
|
|
— |
|
|
|
(23,389 |
) |
|
|
3,119 |
|
|
|
7,171 |
|
|
|
10,290 |
|
|
|
(5,361 |
) |
|
2002 |
Westmoreland Mall
Greensburg, PA |
|
|
— |
|
(5) |
|
4,621 |
|
|
|
84,215 |
|
|
|
35,788 |
|
|
|
(1,240 |
) |
|
|
(107,620 |
) |
|
|
6,389 |
|
|
|
9,375 |
|
|
|
15,764 |
|
|
|
(5,234 |
) |
|
2002 |
York Galleria
York, PA |
|
|
— |
|
|
|
5,757 |
|
|
|
63,316 |
|
|
|
23,430 |
|
|
|
— |
|
|
|
(84,499 |
) |
|
|
1,767 |
|
|
|
6,237 |
|
|
|
8,004 |
|
|
|
(3,603 |
) |
|
1995 |
OUTPARCELS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
|
|
|
|
|
|
|
|
|
— |
|
|
|
|
|
|
Outparcel properties |
|
|
179,493 |
|
|
|
77,013 |
|
|
|
113,160 |
|
|
|
13,984 |
|
|
|
(14,077 |
) |
|
|
12,440 |
|
|
|
118,673 |
|
|
|
83,847 |
|
|
|
202,520 |
|
|
|
(16,454 |
) |
|
Various |
Developments in progress consisting of construction and development properties |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
10,533 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
10,533 |
|
|
|
10,533 |
|
|
|
— |
|
|
Various |
TOTAL OPERATING PROPERTIES |
|
$ |
1,608,298 |
|
|
$ |
701,357 |
|
|
$ |
3,830,739 |
|
|
$ |
881,576 |
|
|
$ |
(60,296 |
) |
|
$ |
(3,121,302 |
) |
|
$ |
601,553 |
|
|
$ |
1,630,521 |
|
|
$ |
2,232,074 |
|
|
$ |
(355,900 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DISPOSITIONS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
840 Greenbrier Circle
Chesapeake, VA |
|
$ |
— |
|
|
$ |
2,096 |
|
|
$ |
3,091 |
|
|
$ |
2,127 |
|
|
$ |
(5,688 |
) |
|
$ |
(1,626 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
2007 |
Annex at Monroeville
Pittsburgh, PA |
|
|
— |
|
|
|
— |
|
|
|
29,496 |
|
|
|
4,976 |
|
|
|
(8,610 |
) |
|
|
(25,862 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
2004 |
Imperial Valley Mall
El Centro, CA |
|
|
— |
|
|
|
35,378 |
|
|
|
71,753 |
|
|
|
34,944 |
|
|
|
(50,056 |
) |
|
|
(92,019 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
2012 |
Monroeville Mall
Pittsburgh, PA |
|
|
— |
|
|
|
22,911 |
|
|
|
177,214 |
|
|
|
(100,405 |
) |
|
|
(63,096 |
) |
|
|
(36,624 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
2004 |
The Promenade D'lberville
D'lberville, MS |
|
|
— |
|
|
|
16,278 |
|
|
|
48,806 |
|
|
|
28,766 |
|
|
|
(40,337 |
) |
|
|
(53,513 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
2009 |
Total Dispositions |
|
$ |
— |
|
|
$ |
76,663 |
|
|
$ |
330,360 |
|
|
$ |
(29,592 |
) |
|
$ |
(167,787 |
) |
|
$ |
(209,644 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
(1)Initial cost represents the total cost capitalized including carrying cost at the end of the first fiscal year in which the property opened or was acquired. (2)Encumbrances represent the outstanding balance of the mortgage and other indebtedness balance at December 31, 2025, excluding debt discounts, if applicable. (3)The aggregate cost of land and buildings and improvements for federal income tax purposes is approximately $6.982 billion. (4)Depreciation for all properties is computed over the useful life which is generally 30 years for buildings, 10 - 20 years for certain improvements and 5 - 10 years for equipment and fixtures. (5)Encumbered by the secured term loan. Schedule III CBL & ASSOCIATES PROPERTIES, INC. REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION At December 31, 2025 (In thousands) The changes in real estate assets and accumulated depreciation for the years ended December 31, 2025, 2024 and 2023 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
REAL ESTATE ASSETS: |
|
|
|
|
|
|
|
|
|
Balance at beginning of period |
|
$ |
2,099,202 |
|
|
$ |
1,810,145 |
|
|
$ |
1,800,888 |
|
Additions during the period: |
|
|
|
|
|
|
|
|
|
Additions and improvements |
|
|
57,776 |
|
|
|
43,514 |
|
|
|
42,267 |
|
Acquisitions of real estate assets |
|
|
155,423 |
|
|
|
387,110 |
|
|
|
— |
|
Deductions during the period: |
|
|
|
|
|
|
|
|
|
Disposals, deconsolidations and accumulated depreciation on impairments |
|
|
(140,197 |
) |
|
|
(81,590 |
) |
|
|
(33,010 |
) |
Transfers from real estate assets |
|
|
59,870 |
|
|
|
(59,977 |
) |
|
|
— |
|
Balance at end of period |
|
$ |
2,232,074 |
|
|
$ |
2,099,202 |
|
|
$ |
1,810,145 |
|
|
|
|
|
|
|
|
|
|
|
ACCUMULATED DEPRECIATION: |
|
|
|
|
|
|
|
|
|
Balance at beginning of period |
|
$ |
283,785 |
|
|
$ |
228,034 |
|
|
$ |
136,901 |
|
Depreciation expense |
|
|
95,958 |
|
|
|
87,063 |
|
|
|
104,153 |
|
Transfers from real estate assets |
|
|
12,850 |
|
|
|
(12,780 |
) |
|
|
— |
|
Accumulated depreciation on real estate assets sold, retired, deconsolidated or impaired |
|
|
(36,693 |
) |
|
|
(18,532 |
) |
|
|
(13,020 |
) |
Balance at end of period |
|
$ |
355,900 |
|
|
$ |
283,785 |
|
|
$ |
228,034 |
|
|