Schedule III - REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2021

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, 2021

(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			Fresh Start Adjustments			Land		Buildings and Improvements		Total ⁽³⁾		Accumulated Depreciation ⁽⁴⁾			Date of Construction / Acquisition
MALLS:
Alamance Crossing Burlington, NC	$	42,522		$	20,853	$	62,852	$	39,674		$	(3,962	)	$	(96,897	)	$	9,603	$	12,917	$	22,520	$	(248	)	2007
Arbor Place Atlanta (Douglasville), GA		101,771			8,508		95,088		26,699			—			(89,396	)		3,050		37,849		40,899		(643	)	1998-1999
Brookfield Square Brookfield, WI		27,461			8,996		78,533		103,064			(5,208	)		(146,235	)		11,476		27,674		39,150		(561	)	2001
CherryVale Mall Rockford, IL		—	⁽⁵⁾		11,892		64,117		56,299			(1,667	)		(113,543	)		5,360		11,738		17,098		(431	)	2001
Cross Creek Mall Fayetteville, NC		102,264			19,155		104,378		37,268			—			(55,694	)		4,372		100,735		105,107		(1,440	)	2003
Dakota Square Mall Minot, ND		—			4,552		87,625		24,609			—			(96,630	)		5,179		14,977		20,156		(217	)	2012
East Towne Mall Madison, WI		—	⁽⁵⁾		4,496		63,867		63,706			(909	)		(123,012	)		4,413		3,735		8,148		(175	)	2002
Eastland Mall Bloomington, IL		—			5,746		75,893		(71,318	)		(753	)		(5,600	)		1,921		2,047		3,968		(68	)	2005
Fayette Mall Lexington, KY		135,134			25,205		84,256		106,519			—			(87,361	)		11,204		117,415		128,619		(1,156	)	2001
Frontier Mall Cheyenne, WY		—	⁽⁵⁾		2,681		15,858		21,003			(83	)		(31,588	)		3,714		4,157		7,871		(109	)	1984-1985
Greenbrier Mall Chesapeake, VA		61,647			3,181		107,355		(68,172	)		(626	)		(22,404	)		4,952		14,382		19,334		(299	)	2004
Hamilton Place Chattanooga, TN		96,244			3,532		42,619		49,835			(2,384	)		(35,984	)		9,640		47,978		57,618		(645	)	1986-1987
Hanes Mall Winston-Salem, NC		—	⁽⁵⁾		17,176		133,376		49,231			(1,767	)		(147,963	)		13,968		36,085		50,053		(540	)	2001
Harford Mall Bel Air, MD		—			8,699		45,704		17,747			—			(65,736	)		4,581		1,833		6,414		(69	)	2003
Imperial Valley Mall El Centro, CA		—	⁽⁵⁾		35,378		71,753		2,339			—			(92,019	)		4,810		12,641		17,451		(287	)	2012
Jefferson Mall Louisville, KY		58,654			13,125		40,234		27,655			(521	)		(70,099	)		4,625		5,769		10,394		(227	)	2001
Kirkwood Mall Bismarck, ND		—	⁽⁵⁾		3,368		118,945		30,525			—			(126,278	)		8,091		18,469		26,560		(266	)	2012
Laurel Park Place Livonia, MI		—			13,289		92,579		(97,681	)		—			(3,630	)		751		3,806		4,557		(118	)	2005
Layton Hills Mall Layton, UT		—	⁽⁵⁾		20,464		99,836		(13,665	)		(1,165	)		(74,968	)		10,261		20,241		30,502		(213	)	2005
Mall del Norte Laredo, TX		—	⁽⁵⁾		21,734		142,049		56,976			(149	)		(148,232	)		13,875		58,503		72,378		(686	)	2004

Schedule III

CBL & ASSOCIATES PROPERTIES, INC.

CBL & ASSOCIATES LIMITED PARTNERSHIP

REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

At December 31, 2021

(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			Fresh Start Adjustments			Land		Buildings and Improvements		Total ⁽³⁾		Accumulated Depreciation ⁽⁴⁾			Date of Construction / Acquisition
Mayfaire Town Center Wilmington, NC		—	⁽⁵⁾		26,333		101,087		20,287			—			(107,804	)		7,321		32,582		39,903		(525	)	2015
Meridian Mall Lansing, MI		—			2,797		103,678		61,873			—			(150,764	)		8,573		9,011		17,584		(269	)	1998
Mid Rivers Mall St. Peters, MO		—			16,384		170,582		(136,279	)		(4,174	)		(27,787	)		9,191		9,535		18,726		(275	)	2007
Monroeville Mall Pittsburgh, PA		—			22,911		177,214		(139,044	)		—			(36,624	)		12,378		12,079		24,457		(278	)	2004
Northgate Mall Chattanooga, TN		—	⁽⁵⁾		2,330		8,960		24,216			(492	)		(23,815	)		3,413		7,786		11,199		(122	)	2011
Northpark Mall Joplin, MO		—			9,977		65,481		39,393			—			(99,164	)		7,084		8,603		15,687		(237	)	2004
Northwoods Mall North Charleston, SC		60,709			14,867		49,647		29,176			(2,339	)		(52,958	)		9,402		28,991		38,393		(582	)	2001
Old Hickory Mall Jackson, TN		—			15,527		29,413		(32,577	)		(362	)		(9,431	)		800		1,770		2,570		(95	)	2001
The Outlet Shoppes at Gettysburg Gettysburg, PA		35,804			20,779		22,180		(30,268	)		—			(47	)		7,822		4,822		12,644		(165	)	2012
The Outlet Shoppes at Laredo Laredo, TX		39,450			11,000		97,353		(66,186	)		—			(26,318	)		3,741		12,108		15,849		(119	)	2017
Parkdale Mall and Crossing Beaumont, TX		69,460			23,850		47,390		(25,472	)		(874	)		(21,769	)		11,521		11,604		23,125		(314	)	2001
Parkway Place Huntsville, AL		—			6,364		67,067		5,932			—			(43,144	)		9,428		26,791		36,219		(427	)	2010
Pearland Town Center Pearland, TX		—	⁽⁵⁾		16,300		108,615		24,467			(857	)		(106,531	)		16,896		25,098		41,994		(395	)	2008
Post Oak Mall College Station, TX		—	⁽⁵⁾		3,936		48,948		16,630			(327	)		(52,738	)		6,206		10,243		16,449		(204	)	1984-1985
Richland Mall Waco, TX		—	⁽⁵⁾		9,874		34,793		24,077			(1,225	)		(44,167	)		8,793		14,559		23,352		(280	)	2002
South County Center St. Louis, MO		—			15,754		159,249		3,184			—			(160,681	)		11,165		6,341		17,506		(294	)	2007
Southaven Towne Center Southaven, MS		—	⁽⁵⁾		8,255		29,380		8,013			—			(27,929	)		10,163		7,556		17,719		(155	)	2005
Southpark Mall Colonial Heights, VA		55,567			9,501		73,262		30,740			—			(102,613	)		4,193		6,697		10,890		(126	)	2003
St. Clair Square Fairview Heights, IL		—			11,027		75,620		34,739			—			(82,113	)		7,511		31,762		39,273		(505	)	1996
Stroud Mall Stroudsburg, PA		—			14,711		23,936		(24,571	)		—			(5,698	)		2,942		5,436		8,378		(134	)	1998
Sunrise Mall Brownsville, TX		—	⁽⁵⁾		11,156		59,047		14,230			—			(45,064	)		14,999		24,370		39,369		(627	)	2003
Turtle Creek Mall Hattiesburg, MS		—	⁽⁵⁾		2,345		26,418		17,793			—			(26,937	)		3,977		15,642		19,619		(343	)	1993-1995
Valley View Mall Roanoke, VA		—	⁽⁵⁾		15,985		77,771		23,984			—			(89,309	)		9,499		18,932		28,431		(392	)	2003

Schedule III

CBL & ASSOCIATES PROPERTIES, INC.

CBL & ASSOCIATES LIMITED PARTNERSHIP

REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

At December 31, 2021

(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			Fresh Start Adjustments			Land		Buildings and Improvements		Total ⁽³⁾		Accumulated Depreciation ⁽⁴⁾			Date of Construction / Acquisition
Volusia Mall Daytona Beach, FL		43,641			2,526		120,242		21,923			—			(128,334	)		11,300		5,057		16,357		(179	)	2004
West Towne Mall Madison, WI		—	⁽⁵⁾		8,912		83,084		43,758			—			(84,533	)		14,623		36,598		51,221		(566	)	2002
WestGate Mall Spartanburg, SC		30,322			2,149		23,257		49,700			(432	)		(68,403	)		3,553		2,718		6,271		(70	)	1995
Westmoreland Mall Greensburg, PA		—	⁽⁵⁾		4,621		84,215		35,006			(1,240	)		(107,620	)		6,389		8,593		14,982		(382	)	2002
York Galleria York, PA		—			5,757		63,316		23,626			—			(84,499	)		1,767		6,433		8,200		(228	)	1995
OTHER PROPERTIES:
840 Greenbrier Circle Chesapeake, VA		—			2,096		3,091		1,152			—			(1,626	)		1,387		3,326		4,713		(29	)	2007
Annex at Monroeville Pittsburgh, PA		—			—		29,496		1,626			—			(25,862	)		1,454		3,806		5,260		(266	)	2004
CBL Center Chattanooga, TN		15,320			1,332		24,675		1,382			—			(17,030	)		3,081		7,278		10,359		(73	)	2001
CBL Center II Chattanooga, TN		—			22		13,648		791			—			(9,880	)		965		3,616		4,581		(60	)	2008
CoolSprings Crossing Nashville, TN		—			2,803		14,985		(3,161	)		—			(10,291	)		2,969		1,367		4,336		(33	)	1991-1993
Courtyard at Hickory Hollow Nashville, TN		—			3,314		2,771		472			(231	)		(1,180	)		1,844		3,302		5,146		(32	)	1998
Frontier Square Cheyenne, WY		—			346		684		592			(86	)		612			904		1,244		2,148		(16	)	1985
Gunbarrel Pointe Chattanooga, TN		—			4,170		10,874		3,659			—			(5,974	)		8,099		4,630		12,729		(50	)	2000
Hamilton Corner Chattanooga, TN		—			630		5,532		8,646			—			(2,368	)		4,981		7,459		12,440		(69	)	1986-1987
Hamilton Crossing Chattanooga, TN		7,868			4,014		5,906		6,942			(1,370	)		(5,551	)		5,300		4,641		9,941		(49	)	1987
Harford Annex Bel Air, MD		—			3,117		9,718		1,015			—			(2,430	)		3,117		8,303		11,420		(62	)	2003
The Landing at Arbor Place Atlanta (Douglasville), GA		—			7,238		14,330		1,245			(2,242	)		(18,627	)		757		1,187		1,944		(41	)	1998-1999
Layton Convenience Center Layton, UT ⁽⁵⁾		—	⁽⁵⁾		—		8		4,160			—			1,947			3,576		2,539		6,115		(53	)	2005
Layton Hills Plaza Layton, UT		—	⁽⁵⁾		—		2		1,049			—			1,243			826		1,468		2,294		(21	)	2005
Pearland Office Pearland, TX		—	⁽⁵⁾		—		7,849		2,611			—			(3,210	)		—		7,250		7,250		(114	)	2009
The Plaza at Fayette Lexington, KY		—			9,531		27,646		1,215			—			(28,520	)		2,527		7,345		9,872		(187	)	2006

Schedule III

CBL & ASSOCIATES PROPERTIES, INC.

CBL & ASSOCIATES LIMITED PARTNERSHIP

REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

At December 31, 2021

(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			Fresh Start Adjustments			Land		Buildings and Improvements		Total ⁽³⁾		Accumulated Depreciation ⁽⁴⁾			Date of Construction / Acquisition
The Promenade D'lberville D'lberville, MS		—			16,278		48,806		28,639			(706	)		(53,513	)		8,728		30,776		39,504		(509	)	2009
The Shoppes at Hamilton Place Chattanooga, TN		—			4,894		11,700		2,230			—			(8,575	)		2,748		7,501		10,249		(117	)	2003
The Shoppes at St. Clair Square Fairview Heights, IL		—			8,250		23,623		910			(5,044	)		(19,688	)		2,783		5,268		8,051		(78	)	2007
Sunrise Commons Brownsville, TX		—			1,013		7,525		1,726			—			(2,845	)		3,504		3,915		7,419		(39	)	2003
The Terrace Chattanooga, TN		—			4,166		9,929		7,995			—			(9,404	)		8,982		3,704		12,686		(49	)	1997
West Towne Crossing Madison, WI		—			1,784		2,955		7,307			—			4,227			5,831		10,442		16,273		(84	)	1998
WestGate Crossing Spartanburg, SC		—			1,082		3,422		7,891			—			(5,426	)		2,047		4,922		6,969		(56	)	1997
Westmoreland Crossing Greensburg, PA		—	⁽⁵⁾		2,898		21,167		9,237			—			(23,389	)		3,119		6,794		9,913		(301	)	2002
OUTPARCELS:															—
Outparcel properties		—			40,600		24,545		(6,246	)		—			5,937			59,694		5,142		64,836		(56	)	Various
DISPOSITIONS:
Asheville Mall Asheville, NC		—			7,139		58,386		(64,720	)		(805	)		—			—		—		—		—		1998
EastGate Mall Cincinnati, OH		—			13,046		44,949		(56,445	)		(1,017	)		(533	)		—		—		—		—		2001
Hickory Point Mall (Forsyth) Decatur, IL		—			10,731		31,728		(42,459	)		—			—			—		—		—				2005
Park Plaza Little Rock, AR		—			6,297		81,638		(87,935	)		—			—			—		—		—		—		2004
Pearland Residential Pearland, TX		—			—		9,666		(9,666	)		—			—			—		—		—				2008
Other		—			37,357		89,966		44,983			—			8,472			99,564		81,214		180,778		(807	)	Various
Developments in progress consisting of construction and Development Properties		—			—		—		16,665			—			—			—		16,665		16,665		—
TOTALS	$	983,838		$	762,106	$	4,299,342	$	454,171		$	(43,017	)	$	(3,683,547	)	$	599,283	$	1,189,772	$	1,789,055	$	(19,937	)

(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 outstanding balance of the mortgage and other indebtedness balance at December 31, 2021, excluding debt discounts, if applicable. Properties that do not have an amount in this column and that are not designated by footnote (3) as being encumbered by the exit credit agreement are encumbered by the senior secured notes.

(3)	The aggregate cost of land and buildings and improvements for federal income tax purposes is approximately $6.729 billion.

(4)	Depreciation for all Properties is computed over the useful life which is generally 30 - 40 years for buildings, 10 - 20 years for certain improvements and 5 - 10 years for equipment and fixtures.

(5)	Encumbered by the exit credit agreement.

Schedule III

CBL & ASSOCIATES PROPERTIES, INC.

CBL & ASSOCIATES LIMITED PARTNERSHIP

REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

At December 31, 2021

(In thousands)

The changes in real estate assets and accumulated depreciation for the years ending December 31, 2021, 2020, and 2019 are set forth below (in thousands):

	Successor			Predecessor
	As of December 31,			As of October 31,			As of December 31,
	2021			2021			2020			2019
REAL ESTATE ASSETS:
Balance at beginning of period	$	1,797,332		$	5,859,113		$	6,411,400		$	7,278,608
Additions during the period:
Additions and improvements		5,599			31,278			36,337			129,923
Acquisitions of real estate assets		—			—			—			5,700
Deductions during the period:
Disposals, deconsolidations and accumulated depreciation on impairments		(13,876	)		(250,136	)		(377,165	)		(786,889	)
Fresh start accounting adjustments		—			(3,683,547	)		—			—
Transfers to (from) real estate assets		—			(11,209	)		332			22,573
Impairment of real estate assets		—			(148,167	)		(211,791	)		(238,515	)
Balance at end of period	$	1,789,055		$	1,797,332		$	5,859,113		$	6,411,400

ACCUMULATED DEPRECIATION:
Balance at beginning of period	$	—		$	2,241,421		$	2,349,404		$	2,493,082
Depreciation expense		20,543			152,973			205,671			241,631
Fresh start accounting adjustments		—			(2,252,275	)		—			—
Accumulated depreciation on real estate assets sold, retired, deconsolidated or impaired		(606	)		(142,119	)		(313,654	)		(385,309	)
Balance at end of period	$	19,937		$	—		$	2,241,421		$	2,349,404