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National Retail REIT Says `There Is Substantial Doubt' of It Lasting Another Year

CBL Properties' Portfolio Includes Large Malls Concentrated in South, Midwest
Arbor Place in Douglasville, Georgia, is one of several mall properties over 1 million square feet in CBL Properties' portfolio. (CoStar)
Arbor Place in Douglasville, Georgia, is one of several mall properties over 1 million square feet in CBL Properties' portfolio. (CoStar)
By Clare Kennedy
CoStar News
June 10, 2020 | 12:54 P.M.

The owner of a property portfolio with more than 60 shopping centers across the country has hired two high-profile advisory firms to help it negotiate with lenders after defaulting on several loans, but said it still might not be able to make a turnaround in time.

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