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Noncontrolling Interests (Tables)

12 Months Ended

Dec. 31, 2022

Redeemable Noncontrolling Interests And Noncontrolling Interests [Abstract]

The table below lists the Successor Company's consolidated VIEs as of December 31, 2022 and 2021, which do not reflect the elimination of any internal debt a consolidated VIE has with the Operating Partnership:


	As of December 31,				As of December 31,
	2022				2021
	Assets		Liabilities		Assets		Liabilities (1)
Consolidated VIEs:
Atlanta Outlet Outparcels, LLC	$	819	$	—	$	831	$	—
CBL Terrace LP		16,922		18,148		15,339		12,626
Gettysburg Outlet Center Holding, LLC		13,360		16,039		15,308		18,776
Gettysburg Outlet Center, LLC		3,058		—		3,062		—
Jarnigan Road LP		17,437		1,300		19,699		1,336
Jarnigan Road II, LLC		16,475		19,964		20,652		16,578
Laredo Outlet JV, LLC		23,443		34,886		25,542		26,121
Lebcon Associates		90,429		100,436		98,151		96,138
Lebcon I, Ltd		11,756		12,128		12,938		8,645
Louisville Outlet Outparcels, LLC		538		—		539		—
The Promenade at D'Iberville		—		—		49,401		51,603
Statesboro Crossing, LLC		797		—		803		—
	$	195,034	$	202,901	$	262,265	$	231,823

(1)

Due to the filing of the Chapter 11 Cases, the loan held by Gettysburg Outlet Center Holding, LLC became guaranteed by the Operating Partnership, and amounted to $35,804, excluding debt discounts, as of December 31, 2021. In October 2022, the guaranty was removed in conjunction with the loan modification. See Note 8 for additional details.

The table below lists the Company's unconsolidated VIEs as of December 31, 2022 (Successor):


Unconsolidated VIEs:	Investment in Real Estate Joint Ventures and Partnerships		Maximum Risk of Loss
Ambassador Infrastructure, LLC (1)	$	—	$	7,001
Atlanta Outlet JV, LLC (1)		—		4,383
BI Development, LLC		—		—
BI Development II, LLC		—		—
CBL-T/C, LLC		—		—
El Paso Outlet Center Holding, LLC		—		—
Fremaux Town Center JV, LLC		—		—
Louisville Outlet Shoppes, LLC (1)		—		7,397
Mall of South Carolina L.P.		—		—
Vision - CBL Hamilton Place, LLC		2,297		2,297
Vision - CBL Mayfaire TC Hotel, LLC		1,800		1,800
	$	4,097	$	22,878

(1)

See Note 14 for information on guarantees of debt.

- 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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