Schedule III - REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2020

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

(Debtors-In-Possession)

REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

At December 31, 2020

(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	$	43,563		$	20,853	$	62,852	$	39,749		$	(3,373	)	$	17,481	$	102,600	$	120,081	$	(42,961	)	2007
Arbor Place Atlanta (Douglasville), GA		104,384			8,508		95,088		27,420			—			8,508		122,508		131,016		(75,710	)	1998-1999
Asheville Mall Asheville, NC		62,121			7,139		58,386		(13,213	)		(805	)		6,334		45,173		51,507		(1,893	)	1998
Brookfield Square Brookfield, WI		27,461			8,996		78,533		110,138			(5,208	)		20,202		172,257		192,459		(79,852	)	2001
CherryVale Mall Rockford, IL		—	⁽⁵⁾		11,892		64,117		56,907			(1,667	)		11,608		119,641		131,249		(59,158	)	2001
Cross Creek Mall Fayetteville, NC		106,883			19,155		104,378		45,271			—			31,539		137,265		168,804		(67,235	)	2003
Dakota Square Mall Minot, ND		—			4,552		87,625		34,819			—			4,472		122,524		126,996		(34,325	)	2012
East Towne Mall Madison, WI		—	⁽⁵⁾		4,496		63,867		66,768			(909	)		4,387		129,835		134,222		(59,036	)	2002
Eastland Mall Bloomington, IL		—			5,746		75,893		(54,375	)		(753	)		3,150		23,361		26,511		(2,687	)	2005
EastGate Mall Cincinnati, OH		31,181			13,046		44,949		(39,420	)		(1,017	)		4,959		12,599		17,558		(436	)	2001
Fayette Mall Lexington, KY		141,393			25,205		84,256		107,287			—			25,205		191,543		216,748		(78,821	)	2001
Frontier Mall Cheyenne, WY		—	⁽⁵⁾		2,681		15,858		21,254			(83	)		2,598		37,112		39,710		(27,582	)	1984-1985
Greenbrier Mall Chesapeake, VA		61,647			3,181		107,355		(68,295	)		(626	)		2,555		39,060		41,615		—		2004
Hamilton Place Chattanooga, TN		98,396			3,532		42,619		95,161			(2,384	)		7,315		131,613		138,928		(69,660	)	1986-1987
Hanes Mall Winston-Salem, NC		—	⁽⁵⁾		17,176		133,376		55,187			(1,767	)		17,810		186,162		203,972		(94,334	)	2001
Harford Mall Bel Air, MD		—			8,699		45,704		21,309			—			8,699		67,013		75,712		(33,133	)	2003
Imperial Valley Mall El Centro, CA		—	⁽⁵⁾		35,378		71,753		7,451			—			40,579		74,003		114,582		(20,155	)	2012
Jefferson Mall Louisville, KY		60,852			13,125		40,234		45,255			(521	)		17,850		80,243		98,093		(42,686	)	2001
Kirkwood Mall Bismarck, ND		—	⁽⁵⁾		3,368		118,945		29,480			—			3,448		148,345		151,793		(37,489	)	2012
Laurel Park Place Livonia, MI		—			13,289		92,579		(79,562	)		—			7,500		18,806		26,306		(1,652	)	2005
Layton Hills Mall Layton, UT		—	⁽⁵⁾		20,464		99,836		(4,315	)		(1,165	)		13,060		101,760		114,820		(42,701	)	2005
Mall del Norte Laredo, TX		—	⁽⁵⁾		21,734		142,049		59,011			(149	)		21,667		200,978		222,645		(98,183	)	2004

Schedule III

CBL & ASSOCIATES PROPERTIES, INC.

CBL & ASSOCIATES LIMITED PARTNERSHIP

(Debtors-In-Possession)

REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

At December 31, 2020

(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		20,349			—			26,444		121,325		147,769		(20,084	)	2015
Meridian Mall Lansing, MI		—			2,797		103,678		69,329			—			4,501		171,303		175,804		(94,761	)	1998
Mid Rivers Mall St. Peters, MO		—			16,384		170,582		(130,358	)		(4,174	)		11,840		40,594		52,434		(2,480	)	2007
Monroeville Mall Pittsburgh, PA		—			22,911		177,214		(134,699	)		—			15,251		50,175		65,426		(2,252	)	2004
Northgate Mall Chattanooga, TN		—	⁽⁵⁾		2,330		8,960		26,034			(492	)		3,000		33,832		36,832		(15,647	)	2011
Northpark Mall Joplin, MO		—			9,977		65,481		43,375			—			11,071		107,762		118,833		(55,171	)	2004
Northwoods Mall North Charleston, SC		62,284			14,867		49,647		28,963			(2,339	)		12,528		78,610		91,138		(38,332	)	2001
Old Hickory Mall Jackson, TN		—			15,527		29,413		8,155			(362	)		15,169		37,564		52,733		(20,106	)	2001
The Outlet Shoppes at Gettysburg Gettysburg, PA		36,774			20,779		22,180		2,781			—			21,032		24,708		45,740		(7,402	)	2012
The Outlet Shoppes at Laredo Laredo, TX		40,600			11,000		97,353		(66,620	)		—			5,000		36,733		41,733		—		2017
Park Plaza Little Rock, AR		76,805			6,297		81,638		(49,910	)		—			6,304		31,721		38,025		(2,224	)	2004
Parkdale Mall Beaumont, TX		74,406			23,850		47,390		75,315			(874	)		24,814		120,867		145,681		(51,711	)	2001
Parkway Place Huntsville, AL		—			6,364		67,067		6,327			—			6,364		73,394		79,758		(25,084	)	2010
Pearland Town Center Pearland, TX		—	⁽⁵⁾		16,300		108,615		17,838			(857	)		15,252		126,644		141,896		(52,253	)	2008
Post Oak Mall College Station, TX		—	⁽⁵⁾		3,936		48,948		17,593			(327	)		3,852		66,298		70,150		(44,216	)	1984-1985
Richland Mall Waco, TX		—	⁽⁵⁾		9,874		34,793		23,044			(1,225	)		8,662		57,824		66,486		(28,548	)	2002
South County Center St. Louis, MO		—			15,754		159,249		15,424			—			15,791		174,636		190,427		(66,751	)	2007
Southaven Towne Center Southaven, MS		—			8,255		29,380		10,005			—			11,384		36,256		47,640		(16,315	)	2005
Southpark Mall Colonial Heights, VA		57,039			9,501		73,262		40,713			—			11,282		112,194		123,476		(54,047	)	2003
St. Clair Square Fairview Heights, IL		—			11,027		75,620		41,889			—			11,027		117,509		128,536		(65,327	)	1996
Stroud Mall Stroudsburg, PA		—			14,711		23,936		22,445			—			14,711		46,381		61,092		(22,977	)	1998
Sunrise Mall Brownsville, TX		—	⁽⁵⁾		11,156		59,047		14,214			—			11,156		73,261		84,417		(33,050	)	2003
Turtle Creek Mall Hattiesburg, MS		—	⁽⁵⁾		2,345		26,418		17,669			—			3,535		42,897		46,432		(28,666	)	1993-1995
Valley View Mall Roanoke, VA		—			15,985		77,771		24,217			—			15,999		101,974		117,973		(47,400	)	2003

Schedule III

CBL & ASSOCIATES PROPERTIES, INC.

CBL & ASSOCIATES LIMITED PARTNERSHIP

(Debtors-In-Possession)

REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

At December 31, 2020

(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 Beach, FL		46,510			2,526		120,242		37,360		—			8,945		151,183		160,128		(64,533	)	2004
West Towne Mall Madison, WI		—	⁽⁵⁾		8,912		83,084		44,600		—			8,912		127,684		136,596		(63,262	)	2002
WestGate Mall Spartanburg, SC		31,578			2,149		23,257		51,611		(432	)		1,742		74,843		76,585		(46,349	)	1995
Westmoreland Mall Greensburg, PA		—	⁽⁵⁾		4,621		84,215		35,650		(1,240	)		3,381		119,865		123,246		(54,171	)	2002
York Galleria York, PA		—			5,757		63,316		19,637		—			5,757		82,953		88,710		(43,555	)	1995
OTHER PROPERTIES:
840 Greenbrier Circle Chesapeake, VA		—			2,096		3,091		1,151		—			2,096		4,242		6,338		(1,778	)	2007
Annex at Monroeville Pittsburgh, PA		—			—		29,496		1,626		—			—		31,122		31,122		(12,254	)	2004
CBL Center Chattanooga, TN		16,182			1,332		24,675		1,337		—			1,864		25,480		27,344		(16,047	)	2001
CBL Center II Chattanooga, TN		—			22		13,648		759		—			358		14,071		14,429		(5,383	)	2008
CoolSprings Crossing Nashville, TN		—			2,803		14,985		5,961		—			3,554		20,195		23,749		(15,265	)	1991-1993
Courtyard at Hickory Hollow Nashville, TN		—			3,314		2,771		472		(231	)		1,500		4,826		6,326		(2,096	)	1998
Frontier Square Cheyenne, WY		—			346		684		439		(86	)		260		1,123		1,383		(871	)	1985
Gunbarrel Pointe Chattanooga, TN		—			4,170		10,874		3,650		—			4,170		14,524		18,694		(7,545	)	2000
Hamilton Corner Chattanooga, TN		—			630		5,532		8,628		—			734		14,056		14,790		(8,914	)	1986-1987
Hamilton Crossing Chattanooga, TN		8,205			4,014		5,906		6,942		(1,370	)		2,644		12,848		15,492		(8,309	)	1987
Harford Annex Bel Air, MD		—			2,854		9,718		1,278		—			2,854		10,996		13,850		(5,019	)	2003
The Landing at Arbor Place Atlanta (Douglasville), GA		—			7,238		14,330		3,276		(2,242	)		4,996		17,606		22,602		(11,735	)	1998-1999
Layton Convenience Center Layton, UT ⁽⁵⁾		—			—		8		5,728		—			2,795		2,941		5,736		(1,903	)	2005
Layton Hills Plaza Layton, UT		—	⁽⁵⁾		—		2		1,049		—			673		378		1,051		(279	)	2005
Parkdale Crossing Beaumont, TX		—			2,994		7,408		2,769		(355	)		2,639		10,177		12,816		(4,504	)	2002
Pearland Office Pearland, TX		—	⁽⁵⁾		—		7,849		2,677		—			—		10,526		10,526		(4,496	)	2009
Pearland Residential Pearland, TX		—			—		9,666		9		—			—		9,675		9,675		(3,331	)	2008
The Plaza at Fayette Lexington, KY		—			9,531		27,646		1,215		—			9,531		28,861		38,392		(11,159	)	2006

Schedule III

CBL & ASSOCIATES PROPERTIES, INC.

CBL & ASSOCIATES LIMITED PARTNERSHIP

(Debtors-In-Possession)

REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

At December 31, 2020

(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 D'lberville D'lberville, MS		—			16,278		48,806		27,803			(706	)		17,953		74,228		92,181		(26,739	)	2009
The Shoppes at Hamilton Place Chattanooga, TN		—			4,894		11,700		2,205			—			2,811		15,988		18,799		(6,157	)	2003
The Shoppes at St. Clair Square Fairview Heights, IL		—			8,250		23,623		910			(5,044	)		4,436		23,303		27,739		(11,322	)	2007
Sunrise Commons Brownsville, TX		—			1,013		7,525		1,799			—			1,013		9,324		10,337		(4,430	)	2003
The Terrace Chattanooga, TN		—			4,166		9,929		7,995			—			6,536		15,554		22,090		(7,975	)	1997
West Towne Crossing Madison, WI		—			1,784		2,955		12,095			—			2,759		14,075		16,834		(6,683	)	1998
WestGate Crossing Spartanburg, SC		—			1,082		3,422		8,228			—			1,082		11,650		12,732		(6,589	)	1997
Westmoreland Crossing Greensburg, PA		—	⁽⁵⁾		2,898		21,167		9,267			—			2,898		30,434		33,332		(14,137	)	2002
DISPOSITIONS:
Burnsville Center Burnsville, MN		—			12,804		71,748		(84,552	)		—			—		—		—		—		1998
Hickory Point Mall (Forsyth) Decatur, IL		—			10,731		31,728		(42,459	)		—			—		—		—		—		2005
Other		—			21,559		4,002		(4,157	)		—			19,923		1,481		21,404		(138	)
Developments in progress consisting of construction and Development Properties		—			—		—		28,327			—			—		28,327		28,327		—
TOTALS	$	1,188,264		$	721,243	$	4,267,989	$	912,664		$	(42,783	)	$	695,711	$	5,163,402	$	5,859,113	$	(2,241,421	)

(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, 2020, excluding debt premium or discount, if applicable.

(3)	The aggregate cost of land and buildings and improvements for federal income tax purposes is approximately $6.921 billion.

(4)	Depreciation for all Properties is computed over the useful life which is generally 40 years for buildings, 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.

Schedule III

CBL & ASSOCIATES PROPERTIES, INC.

CBL & ASSOCIATES LIMITED PARTNERSHIP

(Debtors-In-Possession)

REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

At December 31, 2020

(In thousands)

The changes in real estate assets and accumulated depreciation for the years ending December 31, 2020, 2019, and 2018 are set forth below (in thousands):

	As of December 31,
	2020			2019			2018
REAL ESTATE ASSETS:
Balance at beginning of period	$	6,411,400		$	7,278,608		$	7,621,930
Additions during the period:
Additions and improvements		36,337			129,923			144,256
Acquisitions of real estate assets		—			5,700			3,301
Deductions during the period:
Disposals, deconsolidations and accumulated depreciation on impairments		(377,165	)		(786,889	)		(305,813	)
Transfers to (from) real estate assets		332			22,573			(11,531	)
Impairment of real estate assets		(211,791	)		(238,515	)		(173,535	)
Balance at end of period	$	5,859,113		$	6,411,400		$	7,278,608

ACCUMULATED DEPRECIATION:
Balance at beginning of period	$	2,349,404		$	2,493,082		$	2,465,095
Depreciation expense		205,671			241,631			261,838
Accumulated depreciation on real estate assets sold, retired, deconsolidated or impaired		(313,654	)		(385,309	)		(233,851	)
Balance at end of period	$	2,241,421		$	2,349,404		$	2,493,082