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Noncontrolling Interests (Tables)
12 Months Ended
Dec. 31, 2023
Redeemable Noncontrolling Interests And Noncontrolling Interests [Abstract]  
Schedule of Variable Interest Entities

The table below lists the Successor Company's consolidated VIEs as of December 31, 2023 and 2022, which does not reflect the elimination of any internal debt the consolidated VIE has with the Operating Partnership:

 

 

As of December 31,

 

 

As of December 31,

 

 

 

2023

 

 

2022

 

 

 

Assets

 

 

Liabilities

 

 

Assets

 

 

Liabilities

 

Consolidated VIEs:

 

 

 

 

 

 

 

 

 

 

 

 

Atlanta Outlet Outparcels, LLC

 

$

807

 

 

$

 

 

$

819

 

 

$

 

CBL Terrace LP

 

 

16,861

 

 

 

18,124

 

 

 

16,922

 

 

 

18,148

 

Gettysburg Outlet Center Holding, LLC

 

 

11,847

 

 

 

18,446

 

 

 

13,360

 

 

 

16,039

 

Gettysburg Outlet Center, LLC

 

 

2,940

 

 

 

 

 

 

3,058

 

 

 

 

Jarnigan Road LP

 

 

14,202

 

 

 

19,869

 

 

 

17,437

 

 

 

1,300

 

Jarnigan Road II, LLC

 

 

18,148

 

 

 

16,905

 

 

 

16,475

 

 

 

19,964

 

Laredo Outlet JV, LLC

 

 

21,333

 

 

 

35,818

 

 

 

23,443

 

 

 

34,886

 

Lebcon Associates

 

 

89,006

 

 

 

103,342

 

 

 

90,429

 

 

 

100,436

 

Lebcon I, Ltd

 

 

11,539

 

 

 

12,146

 

 

 

11,756

 

 

 

12,128

 

Louisville Outlet Outparcels, LLC

 

 

538

 

 

 

 

 

 

538

 

 

 

 

Statesboro Crossing, LLC

 

 

 

 

 

 

 

 

797

 

 

 

 

 

$

187,221

 

 

$

224,650

 

 

$

195,034

 

 

$

202,901

 

 

The table below lists the Successor Company's unconsolidated VIEs as of December 31, 2023:

Unconsolidated VIEs:

 

Investment in
Real Estate
Joint
Ventures
and
Partnerships

 

 

Maximum
Risk of Loss

 

Alamance Crossing CMBS, LLC (1)

 

$

 

 

$

 

Ambassador Infrastructure, LLC (2)

 

 

 

 

 

5,749

 

Atlanta Outlet JV, LLC

 

 

 

 

 

 

BI Development, LLC

 

 

127

 

 

 

127

 

BI Development II, LLC

 

 

16

 

 

 

16

 

CBL-T/C, LLC

 

 

 

 

 

 

CBL-TRS Med OFC Holding, LLC (3)

 

 

1,279

 

 

 

1,362

 

El Paso Outlet Center Holding, LLC

 

 

 

 

 

 

Fremaux Town Center JV, LLC

 

 

 

 

 

 

Louisville Outlet Shoppes, LLC

 

 

 

 

 

 

Mall of South Carolina L.P.

 

 

 

 

 

 

Vision - CBL Hamilton Place, LLC

 

 

2,185

 

 

 

2,185

 

Vision - CBL Mayfaire TC Hotel, LLC

 

 

3,987

 

 

 

3,987

 

Westgate Mall CMBS, LLC (1)

 

 

 

 

 

 

 

$

7,594

 

 

$

13,426

 

(1)
During the year ended December 31, 2023, the property was placed into receivership.
(2)
The Operating Partnership has guaranteed all or a portion of the debt. See Note 14 for more information.
(3)
The Operating Partnership has guaranteed the construction debt of CBL DMC I, LLC, the joint venture in which CBL-TRS Med OFC Holding, LLC owns a 50% interest. See Note 14 for more information.