CBL Properties Announces Executive Appointments and Promotions

  CBL Properties Announces Executive Appointments and Promotions

Business Wire

CHATTANOOGA, Tenn. -- February 13, 2018

CBL Properties (NYSE:CBL) today announced the appointment of Mike Harrison to
executive vice president – operations and Alan Lebovitz to executive vice
president – management.

Commenting on the promotions, CBL’s president & CEO, Stephen Lebovitz, said,
“Mike and Alan have established themselves as leaders within CBL in their
respective fields and the shopping center industry. We are pleased to
recognize their accomplishments and significant contributions to the company.

“Mike has been an invaluable contributor since joining CBL in 2013. His
significant financial and prior real estate experience have served as a strong
foundation as he has worked effectively across departments to improve CBL’s
systems and implement new technologies. Mike is an innovative thinker who will
play a valuable role in advancing CBL’s operations going forward.”

Since taking over the management division, Alan has proven himself to be a
hands-on leader with a team-centric approach, and he has built strong
relationships with the mall teams. In this role, Alan will continue to oversee
approximately 300 field team members who staff CBL’s property portfolio.

CBL also announced two promotions within the management division. Don Sewell
has been promoted to senior vice president – management and Dan Wolfe to vice
president – management.

Lebovitz added, “Alan’s team has decades of proven leadership within CBL and a
strong desire to move the company forward. Don joined CBL in 1973, has been
instrumental in supervising operations of our malls, and has worked tirelessly
to achieve higher productivity for each property. Dan has exhibited great
leadership with his mall teams, and he has used his extensive management
background to maximize the performance of the mall management teams with which
he works.”

In late 2013, Mike joined CBL to provide leadership and oversight of new
strategic initiatives and technology solutions with the goal of improving
CBL’s operations. CBL launched this program, dubbed CBL 2.0, in January 2014,
and the first phase became fully operational in October 2015. Prior to joining
CBL, Mike served for two years as senior vice president real estate and chief
financial officer for a private real estate developer, owner and operator.
Mike’s prior experience also includes 18 years of senior level consulting
practice focused on strategic management in the real estate industry.

Alan joined CBL in 1995 serving various roles in management, leasing and
development. In 2002, he was promoted to vice president – asset management and
in 2009 to senior vice president – asset management. In June 2017, Alan
assumed the role as head of CBL’s management division in addition to
overseeing CBL’s third party and asset management division. Alan has an
in-depth knowledge of the CBL portfolio and has fostered strong relationships
with each mall team.

Don joined CBL in 1973 as general manager of Heartland Mall in Brownwood,
Texas, and was later transferred to Post Oak Mall in College Station, Texas.
In 1986, Don moved to Chattanooga and became director of operations – malls.
In 2000, Don was promoted to vice president – mall management and has been
instrumental in supervising the operations of CBL’s malls to achieve higher

Dan joined CBL in 1999, and prior to joining CBL’s home office management
staff in 2016, he served as general manager of several CBL properties in the
southeast. In his new role, Dan will be charged with assisting in the
oversight of the management division as well as the marketing department.

About CBL Properties

Headquartered in Chattanooga, TN, CBL Properties owns and manages a national
portfolio of market-dominant properties located in dynamic and growing
communities. CBL’s portfolio is comprised of 119 properties totaling 74.4
million square feet across 27 states, including 76 high-quality enclosed,
outlet and open-air retail centers and 12 properties managed for third
parties. CBL continuously strengthens its company and portfolio through active
management, aggressive leasing and profitable reinvestment in its properties.
For more information visit cblproperties.com.

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CBL Properties
Investor Contact:
Katie Reinsmidt, 423-490-8301
Executive Vice President & Chief Investment Officer
Media Contact:
Stacey Keating, 423-490-8361
Director of Public Relations & Corporate Communications
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