CBL & Associates Properties, Inc. (NYSE: CBL), today announced the
appointment of A. Larry Chapman to its Board of Directors.
Mr. Chapman is a retired 37-year veteran of Wells Fargo. He was most
recently the Head of Commercial Real Estate, and a member of the Wells
Fargo Management Committee. As the Group Head of Wells Fargo’s
Commercial Real Estate Lending business, Mr. Chapman was responsible for
the group’s 75 nationally located real estate loan production offices
and 1,500 full time employees. At his retirement in 2011, Mr. Chapman
managed the largest bank real estate lending portfolio in the United
States, which totaled approximately $60 billion.
“We are delighted to add such a well-known and highly respected leader
in commercial real estate as Larry to our Board of Directors,” said
Charles B. Lebovitz, chairman. “His extensive experience and deep
understanding of our industry will certainly be an invaluable resource
as we work to further CBL’s success.”
Mr. Chapman was elected to the Board of Directors of Realty Income, a
triple net lease REIT, in February 2012, and also serves on their Audit
and Compensation committees. He is a former board member of the Fisher
Center for Real Estate and Urban Economics at the University of
California, Berkeley; past governor, council member, and trustee of the
Urban Land Institute; member of the National Association of Real Estate
Investment Trusts; and member and past trustee of the International
Council of Shopping Centers.
Mr. Chapman previously served on the board of the California Science
Center Museum, a position that is appointed by the Governor of
California. He also spent six years on the Los Angeles Memorial Coliseum
Commission, serving as President in 2002, his last year on the
Commission. In 2008, Mr. Chapman received the “Spirit of Life” award
from the City of Hope which is given annually to an individual in the
Greater Los Angeles area for their outstanding leadership and
contribution to philanthropy in Southern California. Mr. Chapman
received his business degree from Texas Tech University.
About CBL & Associates Properties, Inc.
CBL is one of the largest and most active owners and developers of malls
and shopping centers in the United States. CBL owns, holds interests in
or manages 159 properties, including 96 regional malls/open-air centers.
The properties are located in 31 states and total 92.0 million square
feet including 9.3 million square feet of non-owned shopping centers
managed for third parties. Headquartered in Chattanooga, TN, CBL has
regional offices in Boston (Waltham), MA, Dallas (Irving), TX, and St.
Louis, MO. Additional information can be found at cblproperties.com.
Information included herein contains “forward-looking statements”
within the meaning of the federal securities laws. Such
statements are inherently subject to risks and uncertainties, many of
which cannot be predicted with accuracy and some of which might not even
be anticipated. Future events and actual events, financial and
otherwise, may differ materially from the events and results discussed
in the forward-looking statements. The reader is directed to the
Company’s various filings with the Securities and Exchange Commission,
including without limitation the Company’s Annual Report on Form 10-K
and the “Management’s Discussion and Analysis of Financial Condition and
Results of Operations” incorporated by reference therein, for a
discussion of such risks and uncertainties.
Copyright Business Wire 2013