Fundz

CBL Properties acquires four malls for $178.9M

PRIVATEJul 29, 2025

Acquiring Company

CBL Properties

Acquired Company

Washington Prime Group

ChattanoogaReal EstateRetail

Description

CBL Properties announced the acquisition of four regional malls from Washington Prime Group for $178.9 million. This move is part of CBL’s strategy to optimize its portfolio and enhance cash flow. The acquired malls are located in Ashland, Grand Junction, Ocala, and Missoula. This acquisition is expected to immediately accrete to CBL’s cash flow per share.

Quick answer

CBL Properties is acquiring Washington Prime Group for $178.9 million, announced July 29, 2025. CBL Properties is based in Chattanooga, Tennessee, United States.

How much did CBL Properties pay for Washington Prime Group?
The reported deal value is $178.9 million.
What does CBL Properties do?
Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities.
Where are CBL Properties and Washington Prime Group based?
CBL Properties is based in Chattanooga, Tennessee, United States.

Source: Fundz verified event record.

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Company Information

Company

CBL Properties

Location

Chattanooga, Tennessee, United States

About

Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL’s owned and managed portfolio is comprised of 99 properties totaling 63.0 million square feet across 24 states, including 61 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 30 open-air centers and other assets. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties. For more information visit cblproperties.com. Information included herein contains “forward-looking statements” within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company’s various filings with the Securities and Exchange Commission, including without limitation the Company’s Annual Report on Form 10-K and the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included therein, for a discussion of such risks and uncertainties. CBL_Corp

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Frequently asked

Who acquired Washington Prime Group?

Washington Prime Group was acquired by CBL Properties, based in Chattanooga. The deal was reported on July 29, 2025. Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL Properties is privately held.

When did CBL Properties acquire Washington Prime Group?

CBL Properties's acquisition of Washington Prime Group was reported on July 29, 2025. CBL Properties announced the acquisition of four regional malls from Washington Prime Group for $178.9 million. This move is part of CBL’s strategy to optimize its portfolio and enhance cash flow. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Washington Prime Group do?

Washington Prime Group is a real estate investment trust focused on the ownership, acquisition, and management of retail properties. The company specializes in open-air shopping centers and other retail assets. It is privately held, operating in Real Estate.

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