Schedule III - REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2019

Real Estate And Accumulated Depreciation Disclosure [Abstract]

Schedule III - REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

Schedule III

CBL & ASSOCIATES PROPERTIES, INC.

CBL & ASSOCIATES LIMITED PARTNERSHIP

REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

At December 31, 2019

(In thousands)

				Initial Cost ⁽¹⁾										Gross Amounts at Which Carried at Close of Period
Description /Location	Encumbrances ⁽²⁾			Land		Buildings and Improvements		Costs Capitalized Subsequent to Acquisition			Sales of Outparcel Land			Land		Buildings and Improvements		Total ⁽³⁾		Accumulated Depreciation ⁽⁴⁾			Date of Construction / Acquisition
MALLS:
Alamance Crossing, Burlington, NC	$	44,538		$	20,853	$	62,852	$	40,302		$	( 3,373	)	$	17,481	$	103,153	$	120,634	$	( 40,407	)	2007
Arbor Place, Douglasville, GA		106,851			8,508		95,088		27,558			—			8,508		122,646		131,154		( 72,541	)	1998-1999
Asheville Mall, Asheville, NC		63,949			7,139		58,386		65,472			( 805	)		6,334		123,858		130,192		( 63,033	)	1998
Brookfield Square, Brookfield, WI		29,400			8,996		78,533		110,322			( 4,789	)		20,621		172,441		193,062		( 75,250	)	2001
Burnsville Center, Burnsville, MN		64,867			12,804		71,748		58,303			( 1,157	)		16,102		125,596		141,698		( 68,217	)	1998
Cherryvale Mall, Rockford, IL		—	⁽⁵⁾		11,892		64,117		55,416			( 1,667	)		11,608		118,150		129,758		( 57,135	)	2001
Cross Creek Mall, Fayetteville, NC		111,293			19,155		104,378		48,372			—			31,539		140,366		171,905		( 64,930	)	2003
Dakota Square Mall, Minot, ND		—			4,552		87,625		34,807			—			4,473		122,511		126,984		( 28,932	)	2012
East Towne Mall, Madison, WI		—	⁽⁵⁾		4,496		63,867		71,529			( 909	)		4,387		134,596		138,983		( 57,930	)	2002
Eastland Mall, Bloomington, IL		—			5,746		75,893		( 54,106	)		( 753	)		3,150		23,630		26,780		( 1,447	)	2005
Eastgate Mall, Cincinnati, OH		32,386			13,046		44,949		( 31,293	)		( 1,017	)		4,959		20,726		25,685		( 933	)	2001
Fayette Mall, Lexington, KY		146,857			25,205		84,256		107,733			—			25,205		191,989		217,194		( 73,198	)	2001
Frontier Mall, Cheyenne, WY		—	⁽⁵⁾		2,681		15,858		23,037			( 83	)		2,598		38,895		41,493		( 27,675	)	1984-1985
Greenbriar Mall, Chesapeake, VA		64,801			3,181		107,355		( 54,284	)		( 626	)		2,555		53,071		55,626		( 2,216	)	2004
Hamilton Place, Chattanooga, TN		100,456			3,532		42,619		73,328			( 2,384	)		6,542		110,553		117,095		( 64,774	)	1986-1987
Hanes Mall, Winston-Salem, NC		—	⁽⁵⁾		17,176		133,376		54,422			( 1,767	)		17,810		185,397		203,207		( 87,926	)	2001
Harford Mall, Bel Air, MD		—			8,699		45,704		21,527			—			8,699		67,231		75,930		( 31,296	)	2003
Hickory Point, (Forsyth) Decatur, IL		27,385			10,731		31,728		( 25,496	)		( 336	)		4,711		11,916		16,627		( 1,945	)	2005
Imperial Valley Mall, El Centro, CA		—	⁽⁵⁾		35,378		71,753		8,719			—			40,579		75,271		115,850		( 17,741	)	2012
Jefferson Mall, Louisville, KY		61,943			13,125		40,234		45,403			( 521	)		17,850		80,391		98,241		( 39,864	)	2001
Kirkwood Mall, Bismarck, ND		—	⁽⁵⁾		3,368		118,945		26,968			—			3,448		145,833		149,281		( 31,568	)	2012
Laurel Park, Livonia, MI		—			13,289		92,579		( 79,509	)		—			7,500		18,859		26,359		( 298	)	2005
Layton Hills Mall, Layton, UT		—	⁽⁵⁾		20,464		99,836		( 4,303	)		( 464	)		13,761		101,772		115,533		( 39,776	)	2005
Mall Del Norte, Laredo, TX		—	⁽⁵⁾		21,734		142,049		54,029			( 149	)		21,667		195,996		217,663		( 92,881	)	2004

Schedule III

CBL & ASSOCIATES PROPERTIES, INC.

CBL & ASSOCIATES LIMITED PARTNERSHIP

REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

At December 31, 2019

(In thousands)

				Initial Cost ⁽¹⁾										Gross Amounts at Which Carried at Close of Period
Description /Location	Encumbrances ⁽²⁾			Land		Buildings and Improvements		Costs Capitalized Subsequent to Acquisition			Sales of Outparcel Land			Land		Buildings and Improvements		Total ⁽³⁾		Accumulated Depreciation ⁽⁴⁾			Date of Construction / Acquisition
Mayfaire Town Center, Wilmington, NC		—	⁽⁵⁾		26,333		101,087		18,065			—			26,443		119,042		145,485		( 16,254	)	2015
Meridian Mall, Lansing, MI		—			2,797		103,678		69,755			—			4,501		171,729		176,230		( 89,929	)	1998
Mid Rivers Mall, St. Peters, MO		—			16,384		170,582		( 130,301	)		( 4,174	)		11,840		40,651		52,491		( 506	)	2007
Monroeville Mall, Pittsburgh, PA		—			22,911		177,214		78,513			—			25,432		253,206		278,638		( 104,515	)	2004
Northgate Mall, Chattanooga, TN		—	⁽⁵⁾		2,330		8,960		26,366			( 492	)		3,000		34,164		37,164		( 13,828	)	2011
Northpark Mall, Joplin, MO		—			9,977		65,481		44,195			—			11,071		108,582		119,653		( 52,065	)	2004
Northwoods Mall, Charleston, SC		63,772			14,867		49,647		29,887			( 2,339	)		12,528		79,534		92,062		( 36,119	)	2001
Old Hickory Mall, Jackson, TN		—			15,527		29,413		8,434			—			15,531		37,843		53,374		( 19,138	)	2001
The Outlet Shoppes Gettysburg, Gettysburg, PA		37,140			20,779		22,180		3,057			—			21,032		24,984		46,016		( 6,882	)	2012
The Outlet Shoppes at Laredo, Laredo, TX		41,950			11,000		97,353		2,101			—			11,000		99,454		110,454		( 12,881	)	2017
Park Plaza Mall, Little Rock, AR		78,339			6,297		81,638		( 49,978	)		—			6,304		31,653		37,957		—		2004
Parkdale Mall, Beaumont, TX		75,826			23,850		47,390		80,782			( 874	)		24,814		126,334		151,148		( 52,005	)	2001
Parkway Place Mall, Huntsville, AL		33,290			6,364		67,067		6,626			—			6,364		73,693		80,057		( 22,628	)	2010
Pearland Town Center, Pearland, TX		—	⁽⁵⁾		16,300		108,615		18,888			( 857	)		15,252		127,694		142,946		( 48,420	)	2008
Post Oak Mall, College Station, TX		—	⁽⁵⁾		3,936		48,948		17,934			( 327	)		3,852		66,639		70,491		( 41,689	)	1984-1985
Richland Mall, Waco, TX		—	⁽⁵⁾		9,874		34,793		23,518			( 1,225	)		8,662		58,298		66,960		( 26,299	)	2002
South County Center, Mehlville, MO		—			15,754		159,249		15,821			—			15,790		175,034		190,824		( 62,319	)	2007
Southaven Town Ctr, Southaven, MS		—			8,255		29,380		10,081			—			11,384		36,332		47,716		( 15,177	)	2005
Southpark Mall, Colonial Heights, VA		58,431			9,501		73,262		41,044			—			11,282		112,525		123,807		( 50,720	)	2003
St. Clair Square, Fairview Heights, IL		—			11,027		75,620		43,448			—			11,027		119,068		130,095		( 61,579	)	1996
Stroud Mall, Stroudsburg, PA		—			14,711		23,936		23,355			—			14,711		47,291		62,002		( 22,289	)	1998
Sunrise Mall, Brownsville, TX		—	⁽⁵⁾		11,156		59,047		14,415			—			11,156		73,462		84,618		( 30,274	)	2003
Turtle Creek Mall, Hattiesburg, MS		—	⁽⁵⁾		2,345		26,418		19,763			—			3,535		44,991		48,526		( 28,471	)	1993-1995
Valley View, Roanoke, VA		51,514			15,985		77,771		24,123			—			15,999		101,880		117,879		( 44,460	)	2003

Schedule III

CBL & ASSOCIATES PROPERTIES, INC.

CBL & ASSOCIATES LIMITED PARTNERSHIP

REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

At December 31, 2019

(In thousands)

				Initial Cost ⁽¹⁾									Gross Amounts at Which Carried at Close of Period
Description /Location	Encumbrances ⁽²⁾			Land		Buildings and Improvements		Costs Capitalized Subsequent to Acquisition		Sales of Outparcel Land			Land		Buildings and Improvements		Total ⁽³⁾		Accumulated Depreciation ⁽⁴⁾			Date of Construction / Acquisition
Volusia Mall, Daytona, FL		48,626			2,526		120,242		37,545		—			8,945		151,368		160,313		( 59,838	)	2004
West Towne Mall, Madison, WI		—	⁽⁵⁾		8,912		83,084		45,963		—			8,912		129,047		137,959		( 60,648	)	2002
Westgate Mall, Spartanburg, SC		32,773			2,149		23,257		52,425		( 432	)		1,742		75,657		77,399		( 44,807	)	1995
Westmoreland Mall, Greensburg, PA		—	⁽⁵⁾		4,621		84,215		31,230		( 1,240	)		3,381		115,445		118,826		( 50,588	)	2002
York Galleria, York, PA		—			5,757		63,316		20,401		—			5,757		83,717		89,474		( 41,032	)	1995
OTHER PROPERTIES:
840 Greenbrier Circle, Chesapeake, VA		—			2,096		3,091		986		—			2,096		4,077		6,173		( 1,612	)	2007
Annex at Monroeville, Monroeville, PA		—			—		29,496		631		—			—		30,127		30,127		( 11,367	)	2004
CBL Center, Chattanooga, TN		17,001			1,332		24,675		1,330		—			1,864		25,473		27,337		( 15,582	)	2001
CBL Center II, Chattanooga, TN		—			22		13,648		1,042		—			358		14,354		14,712		( 5,150	)	2008
Coolsprings Crossing, Nashville, TN		—			2,803		14,985		5,935		—			3,554		20,169		23,723		( 14,554	)	1991-1993
Courtyard at Hickory Hollow, Nashville, TN		—			3,314		2,771		472		( 231	)		1,500		4,826		6,326		( 1,705	)	1998
Frontier Square, Cheyenne, WY		—			346		684		439		( 86	)		260		1,123		1,383		( 823	)	1985
Gunbarrel Pointe, Chattanooga, TN		—			4,170		10,874		3,650		—			4,170		14,524		18,694		( 7,064	)	2000
Hamilton Corner, Chattanooga, TN		—			630		5,532		8,587		—			734		14,015		14,749		( 8,338	)	1986-1987
Hamilton Crossing, Chattanooga, TN		8,522			4,014		5,906		6,994		( 1,370	)		2,644		12,900		15,544		( 7,999	)	1987
Harford Annex, Bel Air, MD		—			2,854		9,718		1,464		—			2,854		11,182		14,036		( 4,711	)	2003
The Landing at Arbor Place, Douglasville, GA		—			7,238		14,330		3,338		( 2,242	)		4,996		17,668		22,664		( 11,148	)	1998-1999
Layton Convenience Center, Layton Hills, UT ⁽⁵⁾		—			—		8		5,892		—			2,795		3,105		5,900		( 1,896	)	2005
Layton Hills Plaza, Layton Hills, UT		—	⁽⁵⁾		—		2		1,009		—			673		338		1,011		( 255	)	2005
Parkdale Crossing, Beaumont, TX		—			2,994		7,408		2,485		( 355	)		2,639		9,893		12,532		( 4,190	)	2002
Pearland Office, Pearland, TX		—	⁽⁵⁾		—		7,849		2,758		—			—		10,607		10,607		( 4,226	)	2009
Pearland Residential, Pearland, TX		—			—		9,666		9		—			—		9,675		9,675		( 3,065	)	2008
The Plaza at Fayette Mall, Lexington, KY		—			9,531		27,646		1,187		—			9,531		28,833		38,364		( 10,428	)	2006

Schedule III

CBL & ASSOCIATES PROPERTIES, INC.

CBL & ASSOCIATES LIMITED PARTNERSHIP

REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

At December 31, 2019

(In thousands)

				Initial Cost ⁽¹⁾										Gross Amounts at Which Carried at Close of Period
Description /Location	Encumbrances ⁽²⁾			Land		Buildings and Improvements		Costs Capitalized Subsequent to Acquisition			Sales of Outparcel Land			Land		Buildings and Improvements		Total ⁽³⁾		Accumulated Depreciation ⁽⁴⁾			Date of Construction / Acquisition
The Promenade at D'lberville, D'lberville, MS		—			16,278		48,806		25,381			( 706	)		17,953		71,806		89,759		( 23,912	)	2009
The Shoppes at Hamilton Place, Chattanooga, TN		—			4,894		11,700		2,251			—			2,811		16,034		18,845		( 5,672	)	2003
The Shoppes at St. Clair, St. Louis, MO		—			8,250		23,623		153			( 5,044	)		3,206		23,776		26,982		( 11,111	)	2007
Sunrise Commons, Brownsville, TX		—			1,013		7,525		2,520			—			1,013		10,045		11,058		( 4,658	)	2003
The Terrace, Chattanooga, TN		—			4,166		9,929		7,991			—			6,536		15,550		22,086		( 7,454	)	1997
West Towne Crossing, Madison, WI		—			1,784		2,955		12,095			—			2,759		14,075		16,834		( 5,810	)	1998
Westgate Crossing, Spartanburg, SC		—			1,082		3,422		8,274			—			1,082		11,696		12,778		( 6,126	)	1997
Westmoreland Crossing, Greensburg, PA		—	⁽⁵⁾		2,898		21,167		9,267			—			2,898		30,434		33,332		( 13,246	)	2002
DISPOSITIONS:
Acadiana Mall, Lafayette, LA		—			25,083		145,769		( 170,852	)		—			—		—		—		—		2005
Cary Towne Center, Cary, NC		—			23,688		74,432		( 98,120	)		—			—		—		—		—		2001
Honey Creek Mall, Terre Haute, IN		—			3,108		83,358		( 86,466	)		—			—		—		—		—		2004
The Outlet Shoppes El Paso, El Paso, TX		—			7,345		98,602		( 105,947	)		—			—		—		—		—		2012
850 Greenbrier Circle, Chesapeake, VA		—			3,154		6,881		( 10,035	)		—			—		—		—		—		2007
The Forum at Grand View, Madison, MS		—			9,234		17,285		( 25,588	)		( 931	)		—		—		—		—		2010
Pearland Hotel, Pearland, TX		—			—		16,149		( 16,149	)		—			—		—		—		—		2008
The Outlet Shoppes Atlanta, WoodStock, GA		—			8,598		100,613		( 108,471	)		( 740	)		—		—		—		—		2013
The Outlet Shoppes of the Bluegrass, Simpsonville, KY		—			3,193		72,962		( 76,155	)		—			—		—		—		—		2014
Other		—			19,248		4,002		( 3,930	)		—			17,958		1,362		19,320		( 29	)
Developments in progress consisting of construction and Development Properties		—			—		—		49,351			—			—		49,351		49,351		—
TOTALS	$	1,401,910		$	802,335	$	4,884,040	$	769,490		$	( 44,465	)	$	730,218	$	5,681,182	$	6,411,400	$	( 2,349,404	)

(1)	Initial cost represents the total cost capitalized including carrying cost at the end of the first fiscal year in which the Property opened or was acquired.

(2)	Encumbrances represent the face amount of the mortgage and other indebtedness balance at December 31, 2019, excluding debt premium or discount, if applicable.

(3)	The aggregate cost of land and buildings and improvements for federal income tax purposes is approximately $ 7.077 billion.

(4)	Depreciation for all Properties is computed over the useful life which is generally 10 - 20 years for certain improvements and 7 - 10 years for equipment and fixtures.

( 5 )

Property is pledged as collateral on the secured credit facility.

Schedul e III

CBL & ASSOCIATES PROPERTIES, INC.

CBL & ASSOCIATES LIMITED PARTNERSHIP

REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

At December 31, 2019

(In thousands)

The changes in real estate assets and accumulated depreciation for the years ending December 31, 2019, 2018, and 2017 are set forth below (in thousands):

	Year Ended December 31,
	2019			2018			2017
REAL ESTATE ASSETS:
Balance at beginning of period	$	7,278,608		$	7,621,930		$	7,947,647
Additions during the period:
Additions and improvements		129,923			144,256			177,482
Acquisitions of real estate assets		5,700			3,301			78,516
Deductions during the period:
Disposals, deconsolidations and accumulated depreciation on impairments		( 786,889	)		( 305,813	)		( 506,399	)
Transfers to (from) real estate assets		22,573			( 11,531	)		( 3,915	)
Impairment of real estate assets		( 238,515	)		( 173,535	)		( 71,401	)
Balance at end of period	$	6,411,400		$	7,278,608		$	7,621,930

ACCUMULATED DEPRECIATION:
Balance at beginning of period	$	2,493,082		$	2,465,095		$	2,427,108
Depreciation expense		241,631			261,838			272,945
Accumulated depreciation on real estate assets sold, retired, deconsolidated or impaired		( 385,309	)		( 233,851	)		( 234,958	)
Balance at end of period	$	2,349,404		$	2,493,082		$	2,465,095