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Contingencies (Tables)

9 Months Ended

Sep. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

The following table represents the Operating Partnership's guarantees of unconsolidated affiliates' debt as reflected in the accompanying condensed consolidated balance sheets as of September 30, 2023 and December 31, 2022:


	As of September 30, 2023								Obligation recorded to reflect guaranty
Unconsolidated Affiliate	Company's Ownership Interest	Outstanding Balance		Percentage Guaranteed by the Operating Partnership	Maximum Guaranteed Amount		Debt Maturity Date (1)		September 30, 2023		December 31, 2022
West Melbourne I, LLC - Phase I	50%	$	35,748	50%	$	17,874	Feb-2025	(2)	$	179	$	185
West Melbourne I, LLC - Phase II	50%		11,295	50%		5,648	Feb-2025	(2)		56		59
Port Orange I, LLC	50%		47,748	50%		23,874	Feb-2025	(2)		239		247
Ambassador Infrastructure, LLC	65%		5,749	100%		5,749	Mar-2025			57		70
CBL-TRS Med OFC Holding, LLC (3)	50%		—	100%		3,895	Jun-2030			19		—
Atlanta Outlet JV, LLC (4)	50%		4,337	100%		4,337	Nov-2023			—		—
Total guaranty liability									$	550	$	561

(1)

Excludes any extension options.

(2)

These loans have a one-year extension option at the joint venture’s election.

(3)

The Operating Partnership has guaranteed the construction debt of CBL DMC I, LLC, a joint venture in which CBL-TRS Med OFC Holding, LLC owns a 50% interest.

(4)

Subsequent to September 30, 2023, the loan secured by The Outlet Shoppes at Atlanta - Phase II was paid off with proceeds from a new loan secured by The Outlet Shoppes at Atlanta. See Note 15 for more information.