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Despite Reorganization, CBL Properties Loses Control of Three Malls

Retail REIT Seeks Loan Extensions, Modifications for Other Properties

The EastGate Mall in Cincinnati was placed into receivership last year. (CoStar)
The EastGate Mall in Cincinnati was placed into receivership last year. (CoStar)

Retail landlord CBL Properties, despite a Chapter 11 reorganization that was completed late last year, said it has lost control of three of its malls, demonstrating the lingering repercussions of the pandemic.

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