
CBL Properties (NYSE:CBL) and its 50% joint venture partner announced today that it has closed on the sale of York Town Center, a dominant open-air retail destination in York, Pennsylvania, for $50.65 million. The

<p xmlns="http://www.w3.org/1999/xhtml">
CBL Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CBL">CBL</a>) and its 50% joint venture partner announced today that it has closed on the sale of York Town Center, a dominant open-air retail destination in York, Pennsylvania, for $50.65 million. The transaction was completed at approximately an 8.5% capitalization rate.

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"We are pleased to complete the sale of York Town Center at such strong pricing, reflecting the continued investor demand for high-quality retail assets," commented Stephen D. Lebovitz, Chief Executive Officer of CBL Properties. "This transaction simplifies our structure through the exit of another joint venture. It also advances our capital recycling strategy and allows us to monetize a mature asset while generating meaningful proceeds that can be redeployed into higher-yielding opportunities. The successful sale demonstrates the value embedded within our portfolio and supports our continued focus on maximizing shareholder value."

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<b xmlns="http://www.w3.org/1999/xhtml">About CBL Properties</b>

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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 83 properties totaling 54.5 million square feet across 23 states, including 54 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as 20 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 <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fcblproperties.com&amp;esheet=54589583&amp;newsitemid=20260814364525&amp;lan=en-US&amp;anchor=cblproperties.com&amp;index=1&amp;md5=7d26f934dc1ee3767edfd147171ed3ac" shape="rect">cblproperties.com</a>.

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<i xmlns="http://www.w3.org/1999/xhtml">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.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
CBL_Corp

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260814364525r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260814364525/en/" rel="nofollow">https://www.businesswire.com/news/home/20260814364525/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Investor Contact: Katie Reinsmidt, Executive Vice President &amp; Chief Operating Officer, 423.490.8301, <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:Katie.Reinsmidt@cblproperties.com" shape="rect">Katie.Reinsmidt@cblproperties.com 
</a><br xmlns="http://www.w3.org/1999/xhtml"></br>Media Contact: Stacey Keating, Vice President – Corporate Communications, 423.490.8361, <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:Stacey.Keating@cblproperties.com" shape="rect">Stacey.Keating@cblproperties.com</a>

</p>

CBL Properties Closes $50.65 Million Sale of York Town Center in York, PA

CBL monetizes York Town Center in $50.65M sale to recycle capital

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>CBL Properties (NYSE:CBL) and its 50% joint venture partner announced today that it has closed on the sale of York Town Center, a dominant open-air retail destination in York, Pennsylvania, for $50.65 million. The</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>CBL Properties closed on the sale of York Town Center in York, PA for $50.65 million at about an 8.5% cap rate, with a 50% joint venture partner. The company says the deal simplifies its structure and advances its capital recycling strategy by monetizing a mature asset and redeploying proceeds into higher-yielding opportunities, signaling continued focus on shareholder value and liquidity.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>CBL sells York Town Center for $50.65M at ~8.5% cap rate; 50% JV partner.</li><li>Exit of joint venture simplifies structure and supports capital recycling.</li><li>Proceeds to be redeployed into higher-yielding opportunities; boosts liquidity.</li><li>Sale underscores value of CBL&#039;s portfolio and investor demand for quality retail.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>CBL Properties (CBL)</strong>: Announced sale of York Town Center; proceeds to fund capital recycling and shareholder value initiatives.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The press release details an asset sale and capital-recycling strategy, reflecting ongoing portfolio optimization typical for REITs seeking liquidity and accretion.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>sale proceeds bolster CBL&#039;s liquidity and reduce JV exposure.</li><li>8.5% cap rate implies valuation stability for core retail assets.</li><li>Capital recycling could support higher-yield FFO growth over time.</li><li>Near-term leverage/cap-stack impact depends on deployment strategy.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Date of press release: August 14, 2026.</li><li>Transaction value: $50.65 million.</li><li>Cap rate: approximately 8.5%.</li><li>CBL ownership: 50% joint venture partner.</li><li>Asset: York Town Center, York, Pennsylvania.</li><li>CBL portfolio scope: 83 properties, 54.5 million SF, across 23 states.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term liquidity boost from the sale; expect capital redeployment into higher-yield assets within 12 months.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
CBL Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CBL">CBL</a>) and its 50% joint venture partner announced today that it has closed on the sale of York Town Center, a dominant open-air retail destination in York, Pennsylvania, for $50.65 million. The transaction was completed at approximately an 8.5% capitalization rate.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"We are pleased to complete the sale of York Town Center at such strong pricing, reflecting the continued investor demand for high-quality retail assets," commented Stephen D. Lebovitz, Chief Executive Officer of CBL Properties. "This transaction simplifies our structure through the exit of another joint venture. It also advances our capital recycling strategy and allows us to monetize a mature asset while generating meaningful proceeds that can be redeployed into higher-yielding opportunities. The successful sale demonstrates the value embedded within our portfolio and supports our continued focus on maximizing shareholder value."

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About CBL Properties</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
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 83 properties totaling 54.5 million square feet across 23 states, including 54 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as 20 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 <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fcblproperties.com&amp;esheet=54589583&amp;newsitemid=20260814364525&amp;lan=en-US&amp;anchor=cblproperties.com&amp;index=1&amp;md5=7d26f934dc1ee3767edfd147171ed3ac" shape="rect">cblproperties.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">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.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
CBL_Corp

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260814364525r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260814364525/en/" rel="nofollow">https://www.businesswire.com/news/home/20260814364525/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Investor Contact: Katie Reinsmidt, Executive Vice President &amp; Chief Operating Officer, 423.490.8301, <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:Katie.Reinsmidt@cblproperties.com" shape="rect">Katie.Reinsmidt@cblproperties.com 
</a><br xmlns="http://www.w3.org/1999/xhtml"></br>Media Contact: Stacey Keating, Vice President – Corporate Communications, 423.490.8361, <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:Stacey.Keating@cblproperties.com" shape="rect">Stacey.Keating@cblproperties.com</a>

</p>

CBL Properties closed on the sale of York Town Center in York, PA for $50.65 million at about an 8.5% cap rate, with a 50% joint venture partner. The company says the deal simplifies its structure and advances its capital recycling strategy by monetizing a mature asset and redeploying proceeds into higher-yielding opportunities, signaling continued focus on shareholder value and liquidity.

News insight

CBL Properties Closes $50.65 Million Sale of York Town Center in York, PA

AI summary

Sentiment rationale

Key facts

Corporate Developments