Unconsolidated Affiliates and Noncontrolling Interests (Tables)

3 Months Ended

Mar. 31, 2021

Equity Method Investments And Joint Ventures [Abstract]

Schedule of Condensed Combined Financial Statements of Unconsolidated Affiliates

Condensed combined financial statement information of the unconsolidated affiliates is as follows:

	March 31, 2021			December 31, 2020
ASSETS:
Investment in real estate assets	$	2,433,766		$	2,346,124
Accumulated depreciation		(885,045	)		(862,435	)
		1,548,721			1,483,689
Developments in progress		32,780			28,138
Net investment in real estate assets		1,581,501			1,511,827
Other assets		187,993			174,966
Total assets	$	1,769,494		$	1,686,793
LIABILITIES:
Mortgage and other indebtedness, net	$	1,574,879		$	1,439,454
Other liabilities		60,101			45,280
Total liabilities		1,634,980			1,484,734
OWNERS' EQUITY:
The Company		126,301			132,350
Other investors		8,213			69,709
Total owners' equity		134,514			202,059
Total liabilities and owners’ equity	$	1,769,494		$	1,686,793

	Three Months Ended March 31,
	2021			2020
Total revenues	$	58,756		$	60,514
Net income (loss) ⁽¹⁾	$	(3,321	)	$	5,043

(1)	The Company's pro rata share of net income (loss) is $(3,076) and $1,018 for the three months ended March 31, 2021 and 2020, respectively.

Schedule of Variable Interest Entities

The table below lists the Company's unconsolidated VIEs as of March 31, 2021:

Unconsolidated VIEs:	Investment in Real Estate Joint Ventures and Partnerships			Maximum Risk of Loss
Ambassador Infrastructure, LLC ⁽¹⁾	$	—		$	8,250
Asheville Mall CBMS, LLC		—			—
Atlanta Outlet JV, LLC ⁽¹⁾		25,567			30,135
CBL-T/C, LLC		69,478			69,478
CBL-TRS Joint Venture, LLC		19,667			19,667
Continental 425 Fund LLC		4,878			4,878
EastGate Storage, LLC ⁽¹⁾		507			3,757
El Paso Outlet Center Holding, LLC		10,315			10,315
Fremaux Town Center JV, LLC		7,180			7,180
Hamilton Place Self Storage ⁽¹⁾		1,092			4,593
Louisville Outlet Shoppes, LLC ⁽¹⁾		(10,891	)		8,752
Mall of South Carolina L.P.		(13,827	)		—
Mall of South Carolina Outparcel L.P.		(2,222	)		—
Park Plaza Mall CBMS, LLC		—			—
Parkdale Self Storage, LLC ⁽¹⁾		711			7,211
PHG-CBL Lexington, LLC		35			35
Self Storage at Mid Rivers, LLC ⁽¹⁾		524			3,518
Shoppes at Eagle Point, LLC ⁽¹⁾		17,605			30,345
Vision - CBL Hamilton Place, LLC		3,800			3,800
	$	134,419		$	211,914

(1)	The Operating Partnership has guaranteed all or a portion of the debt of each of these VIEs. See Note 12 for more information.

- 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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