REDEEMABLE INTERESTS AND NONCONTROLLING INTERESTS (Tables)

12 Months Ended

Dec. 31, 2017

Redeemable Noncontrolling Interests and Noncontrolling Interests [Abstract]

Schedule of Redeemable Noncontrolling Interest Conversion Right

Outstanding rights to convert redeemable noncontrolling interests and noncontrolling interests in the Operating Partnership to common stock were held by the following parties at December 31, 2017 and 2016:



	December 31,
	2017	2016
CBL’s Predecessor	18,172,690	18,172,690
Third parties	10,035,683	10,119,697
	28,208,373	28,292,387

Schedule of Variable Interest Entities

The table below lists the Company's consolidated VIEs as of December 31, 2017 and 2016, which do not reflect the elimination of any internal debt the consolidated VIE has with the Operating Partnership:



	As of December 31,
	2017					2016
	Assets		Liabilities			Assets		Liabilities
Consolidated VIEs:
Atlanta Outlet Outparcels, LLC	$	878	$	—		$	914	$	4
Atlanta Outlet JV, LLC	60,476		79,769		⁽¹⁾	63,361		81,128
CBL Terrace LP	16,472		13,313			16,714		13,509
El Paso Outlet Center Holding, LLC	93,139		65,149			103,232		69,535
El Paso Outlet Center II, LLC	8,512		6,955		⁽²⁾	8,638		7,028
Foothills Mall Associates	—		—		⁽³⁾	9,811		34,997
Gettysburg Outlet Center Holding, LLC	36,386		39,049			36,542		39,476
Gettysburg Outlet Center, LLC	7,218		74			7,203		37
High Point Development LP II	1,084		69			1,104		55
Jarnigan Road LP	41,671		20,229			41,392		20,988
Laredo Outlet JV, LLC	110,174		81,618		⁽⁴⁾	89,353		58,822
Lebcon Associates	59,375		120,879			47,721		121,529
Lebcon I, Ltd	9,034		9,463			9,290		9,711
Lee Partners	1,011		—			1,195		—
Louisville Outlet Outparcels, LLC	74		—			62		—
Louisville Outlet Shoppes, LLC	73,173		83,543		⁽⁵⁾	76,831		85,132
Madison Grandview Forum, LLC	32,692		13,198			33,196		13,622
The Promenade at D'Iberville	81,500		46,568			84,470		46,570
Statesboro Crossing, LLC	18,403		10,988			18,869		11,058
Village at Orchard Hills, LLC	—		—		⁽³⁾	498		—
Woodstock GA Investments, LLC	—		—		⁽³⁾	9,098		3,185
	$	651,272	$	590,864		$	659,494	$	616,386


(1)	Of this total, $4,707 related to The Outlet Shoppes at Atlanta - Phase II, is guaranteed by the Operating Partnership.


(2)	Of this total, $6,613 related to The Outlet Shoppes at El Paso - Phase II, is guaranteed by the Operating Partnership.


(3)	This joint venture is not a VIE as of December 31, 2017. See description of reconsideration event below.


(4)	Of this total, $80,145 related to The Outlet Shoppes at Laredo, is guaranteed by the Operating Partnership.


(5)	Of this total, $9,722 relates to The Outlet Shoppes of the Bluegrass - Phase II, is guaranteed by the Operating Partnership.

The table below lists the Company's unconsolidated VIEs as of December 31, 2017:



Unconsolidated VIEs:	Investment in Real Estate Joint Ventures and Partnerships		Maximum Risk of Loss
Ambassador Infrastructure, LLC⁽¹⁾	$	—	$	11,035	⁽²⁾
EastGate Storage, LLC ⁽³⁾	228		6,500
G&I VIII CBL Triangle LLC ⁽¹⁾	1,616		1,616		⁽²⁾
Shoppes at Eagle Point, LLC⁽³⁾	14,656		36,400		⁽²⁾
	$	16,500	$	55,551


(1)	This unconsolidated affiliate was classified as a VIE as of December 31, 2016.


(2)	See Note 14 for information on guarantees of debt.


(3)	See Note 5 for more information on this new unconsolidated affiliate.

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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