| CBL & Associates |
| Monday, October 20, 2008 2:51:18 PM - Middletown Ohio |
By: Tara Kunkle
CBL & Associates is a real estate investment trust on the New York Stock Exchange. CBL is one of the largest mall REITs in the United States and owns, holds interest in or manages 158 properties including 86 market dominant enclosed malls and open-air centers from coast to coast. CBL owns 5 malls in the state of Ohio. One mall in Middletown, two in Akron, and Cincinnati.
CBL owns the Towne Mall in Middletown, Ohio. The Towne Mall opened in 1975 for the past three years the mall has been going downhill losing merchants, one of which was Dillard’s one of the three anchor stores. It is now selling its fixtures and showcases after selling its stock in closeout sales.
CBL & Associates is listed at the stock symbol “CBL”. They went public in 1993 and have had a lot of growth as a company by portfolio size and increases in cash flows and dividends since then. Yesterday CBL went up .21% and priced at $9.91. Recently CBL & Associates announced $288.1 million of new financings.
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