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CBL & Associates Properties Announces Promotions

CBL & Associates Properties, Inc. (NYSE: CBL) today announced the promotions of Rusty Carlton to Vice President – Portfolio Accounting, Eric Griffith to Vice President – Mall Leasing, Michael Herman to Vice President – Legal Services and Robert Snetman to Vice President – Asset Management and Third Party Services.

Commenting on the promotions, CBL’s President & CEO Stephen Lebovitz said, “These individuals have established themselves as leaders within CBL in their respective fields and the shopping center industry. We are pleased to recognize their accomplishments and significant contributions to the Company.”

Lebovitz added, “Rusty is not only a highly proficient technical accountant, his expertise and insight have been a valuable resource as he’s risen to a leadership position in the accounting department. Eric has consistently been a top producer for CBL leasing and has become a de facto mentor to our new recruits, helping to train and guide. He is well respected throughout the organization as well as the industry. During his time with CBL, Michael has been responsible for facilitating major procedure and process improvements for CBL’s lease execution process. Both his dedication and expertise are evident in his many contributions to the Company. Robert’s strong entrepreneurial spirit and creativity have contributed to the elevation of CBL’s asset management and third party program. He is an excellent representative for CBL with our current and prospective partners. Each of these individuals deserves recognition for their significant accomplishments and individual excellence.”

Rusty Carlton joined CBL in 2008 as a property accountant focused on joint venture projects. He was promoted in 2010 to Director of Joint Venture Accounting and in 2015, he assumed the role as head of the Portfolio Accounting Services Group. Prior to joining CBL, Rusty was a senior accountant with Neal, Scouten & McConnell, P.C., a local CPA firm. Rusty holds a Bachelor of Science degree from University of Tennessee – Chattanooga.

Eric Griffith joined CBL in 2004 as a senior leasing manager. He was promoted to Regional Leasing Manager in 2007. Prior to joining CBL, Eric was a senior leasing representative with Pennsylvania Real Estate Investment Trust and prior to that with Crown America Properties. Eric holds a Bachelor of Arts degree in Finance and Economics from the University of Pittsburgh.

Michael Herman joined CBL in 2000 as a real estate attorney in the Corporate Legal Department overseeing mall shop lease negotiations and documentation. Prior to joining CBL, he served as corporate counsel for Aronov Realty Management, Inc. Michael received his undergraduate degree from The University of Alabama. He worked in the retail and real estate industries for 12 years before starting his law career. Michael graduated summa cum laude from Faulkner University’s Thomas Goode Jones School of Law.

Robert Snetman joined CBL in 1994 as the Assistant Manager for CoolSprings Galleria in Nashville, TN. In 1995, he moved to the home office as a senior leasing manager and in 2001 was promoted to Senior Director of Corporate Sponsorship and Branding. In 2006, he was promoted to Senior Director of Peripheral Property and in 2015 joined CBL’s Asset Management and Third Party department as Senior Director.

Headquartered in Chattanooga, TN, 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 147 properties, including 91 regional malls/open-air centers. The properties are located in 30 states and total 84.7 million square feet including 7.0 million square feet of non-owned shopping centers managed for third parties. 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.

CBL & Associates Properties, Inc.
Katie Reinsmidt, 423-490-8301
Senior Vice President - Investor Relations and Corporate Investments
katie_reinsmidt@cblproperties.com