CBL & Associates Properties (CBL) 10-Q 16 May 22 2022 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2022	May 10, 2022
Cover [Abstract]
Entity Central Index Key	0000910612
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	1-12494
Entity Registrant Name	CBL & ASSOCIATES PROPERTIES, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	62-1545718
Entity Address, Address Line One	2030 Hamilton Place Blvd.
Entity Address, Address Line Two	Suite 500
Entity Address, City or Town	Chattanooga
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	37421
City Area Code	423
Local Phone Number	855-0001
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock, $0.001 par value
Trading Symbol	CBL
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		31,814,178

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Mar. 31, 2022	Dec. 31, 2021
Real estate assets:
Land	[1]	$ 594,355	$ 599,283
Buildings and improvements	[1]	1,161,414	1,173,106
Real estate assets	[1]	1,755,769	1,772,389
Accumulated depreciation	[1]	(49,188)	(19,939)
Real estate investment property, net, before developments in progress	[1]	1,706,581	1,752,450
Developments in progress	[1]	18,493	16,665
Net investment in real estate assets	[1]	1,725,074	1,769,115
Cash and cash equivalents	[1]	185,744	169,554
Available-for-sale securities - at fair value (amortized cost of $149,936 and $149,999 as of March 31, 2022 and December 31, 2021, respectively)	[1]	149,975	149,996
Receivables:
Tenant	[1]	21,818	25,190
Other	[1]	5,356	4,793
Investments in unconsolidated affiliates	[1]	100,685	103,655
In-place leases, net	[1]	341,152	384,705
Above market leases, net	[1]	216,648	234,286
Intangible lease assets and other assets	[1]	102,872	104,685
Total assets	[1]	2,849,324	2,945,979
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Mortgage and other indebtedness, net		1,639,469	1,813,209
Below market leases, net		141,388	151,871
Accounts payable and accrued liabilities		159,531	184,404
Total liabilities		2,335,981	2,544,879
Common stock, $.001 par value, 200,000,000 shares authorized, 31,807,511 and 20,774,716 issued and outstanding in 2022 and 2021, respectively		32	21
Shareholders' equity:
Additional paid-in capital		702,996	547,726
Accumulated other comprehensive income (loss)		39	(3)
Accumulated deficit		(192,267)	(151,545)
Total shareholders' equity		510,800	396,199
Noncontrolling interests		2,543	4,901
Total equity		513,343	401,100
Total liabilities, redeemable noncontrolling interests and equity		2,849,324	2,945,979
Senior Notes
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
10% senior secured notes - at fair value (carrying amount of $395,000 as of March 31, 2022 and December 31, 2021, respectively)		$ 395,593	$ 395,395
[1]	As of March 31, 2022, includes $254,237 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $142,132 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands		Mar. 31, 2022	Dec. 31, 2021
Available-for-sale securities, amortized cost		$ 149,936	$ 149,999
Fair value carrying amount		$ 2,054,513
Common stock, par value (USD per share)		$ 0.001	$ 0.001
Common stock authorized (shares)		200,000,000	200,000,000
Common stock issued (shares)		31,807,511	20,774,716
Common stock outstanding (shares)		31,807,511	20,774,716
Variable interest asset entities	[1]	$ 2,849,324	$ 2,945,979
Variable interest liability entities		2,335,981	2,544,879
Variable Interest Entity Primary Beneficiary
Variable interest asset entities		254,237
Variable Interest Entity Primary Beneficiary | Nonrecourse
Variable interest liability entities		142,132
10% Senior Secured Notes
Fair value carrying amount		$ 395,000	$ 395,000
[1]	As of March 31, 2022, includes $254,237 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $142,132 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
REVENUES:
Rental revenues		$ 135,332	$ 128,175
Management, development and leasing fees		1,769	1,659
Other		3,001	3,350
Total revenues	[1]	140,102	133,184
EXPENSES:
Property operating		(23,344)	(21,802)
Depreciation and amortization		(68,943)	(48,112)
Real estate taxes		(14,435)	(16,551)
Maintenance and repairs		(10,566)	(10,781)
General and administrative		(18,074)	(12,612)
Loss on impairment			(57,182)
Litigation settlement		81	858
Total expenses		(135,281)	(166,182)
OTHER INCOME (EXPENSES):
Interest and other income		155	776
Interest expense		(90,659)	(24,130)
Gain on deconsolidation		36,250	55,131
Gain (loss) on sales of real estate assets		16	(299)
Reorganization items, net		(1,571)	(22,933)
Income tax provision		(801)	(751)
Equity in earnings (losses) of unconsolidated affiliates		8,566	(3,076)
Total other income (expenses)		(48,044)	4,718
Net loss		(43,223)	(28,280)
Net loss attributable to noncontrolling interests in:
Operating Partnership		15	698
Other consolidated subsidiaries		2,486	819
Net loss attributable to common shareholders		$ (40,722)	$ (26,763)
Basic and diluted per share data attributable to common shareholders:
Net loss attributable to common shareholders		$ (1.45)	$ (0.14)
Weighted-average common and potential dilutive common shares outstanding		27,998	196,509
[1]	Management, development and leasing fees are included in All Other category. See Note 3

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement Of Income And Comprehensive Income [Abstract]
Net loss	$ (43,223)	$ (28,280)
Other comprehensive loss:
Unrealized gain on available-for-sale securities	42	21
Comprehensive loss	(43,181)	(28,259)
Comprehensive loss attributable to noncontrolling interests in:
Operating Partnership	15	698
Other consolidated subsidiaries	2,486	819
Comprehensive loss attributable to the Company:	$ (40,680)	$ (26,742)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Redeemable Noncontrolling Interests	Preferred Stock	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Dividends in Excess of Cumulative Earnings	Total Shareholders' Equity	Noncontrolling Interests
Beginning balance at Dec. 31, 2020	$ 534,297		$ 25	$ 1,966	$ 1,986,269	$ 18	$ (1,456,435)	$ 531,843	$ 2,454
Beginning balance of redeemable noncontrolling partnership interests at Dec. 31, 2020		$ (265)
Net loss	(28,067)						(26,763)	(26,763)	(1,304)
Net loss		(213)
Other comprehensive income (loss)	3					3		3
Cancellation of shares of restricted common stock	(1)			(1)				(1)
Amortization of deferred compensation	304				304			304
Performance stock units	93				93			93
Distributions to noncontrolling interests	(11)								(11)
Ending balance at Mar. 31, 2021	506,618		$ 25	1,965	1,986,666	21	(1,483,198)	505,479	1,139
Ending balance of redeemable noncontrolling partnership interests at Mar. 31, 2021		$ (478)
Beginning balance at Dec. 31, 2021	401,100			21	547,726	(3)	(151,545)	396,199	4,901
Net loss	(43,223)						(40,722)	(40,722)	(2,501)
Other comprehensive income (loss)	42					42		42
Shared-based compensation expense	2,743				2,743			2,743
Conversion of exchangeable notes into shares of common stock	152,538			11	152,527			152,538
Contributions from noncontrolling interests	143								143
Ending balance at Mar. 31, 2022	$ 513,343			$ 32	$ 702,996	$ 39	$ (192,267)	$ 510,800	$ 2,543

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Equity (Parenthetical) - shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement Of Stockholders Equity [Abstract]
Cancellation of restricted common stock (shares)		111,139
Conversion of exchangeable notes into shares of common stock (shares)	10,982,795

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)		Mar. 31, 2021USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (43,223)		$ (28,280)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	68,943		48,112
Net amortization of deferred financing costs and debt discounts	63,655		923
Net amortization of intangible lease assets and liabilities	6,323		58
(Gain) loss on sales of real estate assets	(16)		299
Gain on deconsolidation	(36,250)		(55,131)
Share-based compensation expense	2,743		395
Loss on impairment			57,182
Equity in (earnings) losses of unconsolidated affiliates	(8,566)		3,076
Distributions of earnings from unconsolidated affiliates	7,840		2,566
Change in estimate of uncollectable revenues	(737)		6,486
Change in deferred tax accounts	(67)
Changes in:
Tenant and other receivables	3,305		11,017
Other assets	(5,114)		(8,115)
Accounts payable and accrued liabilities	(16,407)		24,181
Net cash provided by operating activities	42,429		62,769
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to real estate assets	(5,762)		(6,865)
Proceeds from sales of real estate assets	16		2,510
Purchases of available-for-sale securities	(149,936)		(136,392)
Redemptions of available-for-sale securities	149,998		135,987
Payments received on mortgage and other notes receivable	13		224
Additional investments in and advances to unconsolidated affiliates	(997)		57
Distributions in excess of equity in earnings of unconsolidated affiliates	4,697		2,279
Changes in other assets	(471)		(364)
Net cash used in investing activities	(2,442)		(2,564)
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on mortgage and other indebtedness	(29,500)		(13,732)
Additions to deferred financing costs	(1,668)		(16)
Contributions from noncontrolling interests	143
Payment of tax withholdings for restricted stock awards			(1)
Distributions to noncontrolling interests			(11)
Net cash used in financing activities	(31,025)		(13,760)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	8,962		46,445
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period	236,198		121,713
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period	245,160		168,158
Reconciliation from condensed consolidated statements of cash flows to condensed consolidated balance sheets:
Cash and cash equivalents	185,744	[1]	84,646
Restricted cash (1):
Restricted cash	28,678	[2]	61,146	[2]
Mortgage escrows	30,738	[2]	22,366	[2]
SUPPLEMENTAL INFORMATION:
Cash paid for interest, net of amounts capitalized	21,453		14,055
Cash paid for reorganization items	$ 3,156		$ 12,044
[1]	As of March 31, 2022, includes $254,237 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $142,132 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7
[2]	Included in intangible lease assets and other assets in the condensed consolidated balance sheets

Organization and Basis of Prese

Organization and Basis of Presentation	3 Months Ended
	Mar. 31, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization and Basis of Presentation	Note 1 – Organization and Basis of Presentation CBL & Associates Properties, Inc. (“CBL”), a Delaware corporation, is a self-managed, self-administered, fully-integrated real estate investment trust (“REIT”) that is engaged in the ownership, development, acquisition, leasing, management and operation of regional shopping malls, outlet centers, lifestyle centers, open-air centers, office buildings and other properties, including single-tenant and multi-tenant parcels. Its properties are located in 24 states, but are primarily in the southeastern and midwestern United States. CBL conducts substantially all its business through CBL & Associates Limited Partnership (the “Operating Partnership”), which is a variable interest entity ("VIE"). The Operating Partnership consolidates the financial statements of all entities in which it has a controlling financial interest or where it is the primary beneficiary of a VIE. As of March 31, 2022, the Operating Partnership owned interests in the following properties: Malls (1) Outlet Centers (1) Lifestyle Centers (1) Open-Air Centers (2) Other (2) (3) Total Consolidated Properties 41 2 4 21 4 72 Unconsolidated Properties (4) 9 3 1 8 1 22 Total 50 5 5 29 5 94 (1) The Company has aggregated malls, outlet centers and lifestyle centers into one reportable segment, the Malls category, because they have similar economic characteristics and they provide similar products and services to similar types of, and in many cases, the same tenants. (2) Included in “All Other” for purposes of segment reporting. (3) CBL's two consolidated corporate office buildings are included in the Other category. (4) The Operating Partnership accounts for these investments using the equity method because one or more of the other partners have substantive participating rights. CBL is the 100% owner of two qualified REIT subsidiaries, CBL Holdings I, Inc. and CBL Holdings II, Inc. As of March 31, 2022, CBL Holdings I, Inc., the sole general partner of the Operating Partnership, owned a 1.0% general partner interest in the Operating Partnership and CBL Holdings II, Inc. owned a 98.9% limited partner interest for a combined interest held by CBL of 99.9%. As of March 31, 2022, third parties owned a 0.1% limited partner interest in the Operating Partnership. As used herein, the term "Company" includes CBL & Associates Properties, Inc. and its subsidiaries, including CBL & Associates Limited Partnership and its subsidiaries, unless the context indicates otherwise. The term "Operating Partnership" refers to CBL & Associates Limited Partnership and its subsidiaries. The Operating Partnership conducts the Company's property management and development activities through its wholly owned subsidiary, CBL & Associates Management, Inc. (the “Management Company"), to comply with certain requirements of the Internal Revenue Code. The accompanying condensed consolidated financial statements are unaudited; however, they have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in conjunction with the rules and regulations of the Securities and Exchange Commission ("SEC"). Accordingly, they do not include all the disclosures required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting solely of normal recurring matters) necessary for a fair presentation of the financial statements for these interim periods have been included. All intercompany transactions have been eliminated. The results for the interim period ended March 31, 2022 are not necessarily indicative of the results to be obtained for the full fiscal year. Fresh Start Accounting and Reorganizations Upon the Company’s emergence from the Chapter 11 Cases (defined below), the Company adopted fresh start accounting, which resulted in a new basis of accounting and the Company becoming a new entity for financial reporting purposes. As a result of the application of fresh start accounting and the effects of the implementation of the third amended joint chapter 11 plan of CBL & Associates Properties, Inc. and its affiliated debtors (with technical modifications) (as modified at Docket No. 1521) (the “Plan”), the condensed consolidated financial statements after November 1, 2021 (the “Effective Date”) are not comparable with the condensed consolidated financial statements on or before that date. During the Predecessor period, the Company applied Accounting Standards Codification (“ASC”) 852 - Reorganizations (“ASC 852”) in preparing the condensed consolidated financial statements. ASC 852 requires the financial statements, for periods subsequent to the commencement of the Chapter 11 Cases, to distinguish transactions and events that are directly associated with the reorganization from the ongoing operations of the business. As a result, the Company classified all expenses, gains and losses that were incurred as a result of the Chapter 11 proceedings since filing as “Reorganization items, net” in the Predecessor Company’s condensed consolidated statements of operations . Liquidity and Loan Defaults In accordance with the accounting guidance related to the presentation of financial statements, when preparing financial statements for each annual and interim reporting period, management evaluates whether there are conditions or events that, when considered in the aggregate, raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the financial statements are issued. In making its assessment, management considered the Company’s current financial condition and liquidity sources. As of March 31, 2022, the Company had $1.15 billion of property-level debt and related obligations maturing or callable within the next 12 months from the issuance of the financial statements. Subsequent to March 31, 2022 and through the issuance of the financial statements, the Company obtained certain waivers and/or refinanced and extended the maturity dates for $0.2 billion of mortgage debt obligations. Accordingly, the Company still had $0.9 billion of property-level debt and related obligations maturing or callable within the next 12 months from the issuance of the financial statements, including $474 million reported within mortgage debt payable and $474 million related to unconsolidated affiliates, a portion of which is guaranteed by the Company as disclosed in Note 11 Management intends to refinance and/or extend the maturity dates for such mortgage notes payable. In such instances where a refinancing and/or extension of maturity dates is unsuccessful the Company will repay certain of the mortgage notes based on the availability of liquidity and convey certain properties to the lender to satisfy the debt obligation. As a result, the Company has concluded that management’s plans are probable of being achieved to alleviate substantial doubt about the Company’s ability to continue as a going concern. The Company has prepared its financial statements in conformity with accounting principles generally accepted in the United States of America applicable to a going concern. The financial statements do not reflect any adjustments related to the recoverability of assets and satisfaction of liabilities that might be necessary should the Company be unable to continue as a going concern. Reclassifications The Successor Company reclassified mortgage and other notes receivable of $384 into other receivables for the year ended December 31, 2021.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies Accounting Guidance Not Yet Adopted Description Expected Adoption Date & Application Method Financial Statement Effect and Other Information Accounting Standards Update (“ASU”) 2020-04, Reference Rate Reform On March 12, 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848) - Facilitation of the Effects of Reference Rate Reform on Financial Reporting Accounts Receivable Receivables include amounts billed and currently due from tenants pursuant to lease agreements and receivables attributable to straight-line rents associated with those lease agreements. Individual leases where the collection of rents is in dispute are assessed for collectability based on management’s best estimate of collection considering the anticipated outcome of the dispute. Individual leases that are not in dispute are assessed for collectability and upon the determination that the collection of rents over the remaining lease term is not probable, accounts receivable are reduced as an adjustment to rental revenues. Revenue from leases where collection is deemed to be less than probable is recorded on a cash basis until collectability is determined to be probable. Further, management assesses whether operating lease receivables, at a portfolio level, are appropriately valued based upon an analysis of balances outstanding, historical collection levels and current economic trends. An allowance for the uncollectable portion of the portfolio is recorded as an adjustment to rental revenues. Management’s estimate of the collectability of accounts receivable from tenants is based on the best information available to management at the time of evaluation. Management’s collection assessment took into consideration the type of retailer, billing disputes, lease negotiation status and executed deferral or abatement agreements, as well as recent rent collection experience and tenant bankruptcies based on the best information available to management at the time of evaluation. For the three-month Successor period ended March 31, 2022 there was a reversal of $737 related to uncollectable revenues. For the three-month Predecessor period ended March 31, 2021, revenues were reduced by $6,486 associated with uncollectable revenues, which includes the write-off of $1,679 for straight line rent receivables.

Revenues

Revenues	3 Months Ended
	Mar. 31, 2022
Revenue From Contract With Customer [Abstract]
Revenues	Note 3 – Revenues Revenues The following table presents the Company's revenues disaggregated by revenue source: Successor Predecessor Three Months Ended March 31, Three Months Ended March 31, 2022 2021 Rental revenues $ 135,332 $ 128,175 Revenues from contracts with customers (ASC 606): Operating expense reimbursements 2,189 2,156 Management, development and leasing fees (1) 1,769 1,659 Marketing revenues (2) (15 ) 301 3,943 4,116 Other revenues 827 893 Total revenues (3) $ 140,102 $ 133,184 ( 1 ) Included in All Other segment. ( 2 ) Marketing revenues solely relate to the Malls segment for all periods presented. ( 3 ) Sales taxes are excluded from revenues. See Note 9 for information on the Company's segments. Revenues from Contracts with Customers Outstanding Performance Obligations The Company has outstanding performance obligations related to certain noncancellable contracts with customers for which it will receive fixed operating expense reimbursements for providing certain maintenance and other services as described above. As of March 31, 2022, the Company expects to recognize these amounts as revenue over the following periods: Performance obligation Less than 5 years 5-20 years Over 20 years Total Fixed operating expense reimbursements $ 22,877 $ 50,967 $ 47,352 $ 121,196 The Company evaluates its performance obligations each period and makes adjustments to reflect any known additions or cancellations. Performance obligations related to variable consideration, which is based on sales, are constrained.

Leases

Leases	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Leases	Note 4 – Leases The components of rental revenues are as follows: Successor Predecessor Three Months Ended March 31, Three Months Ended March 31, 2022 2021 Fixed lease payments $ 95,648 $ 71,227 Variable lease payments 39,684 56,948 Total rental revenues $ 135,332 $ 128,175 The undiscounted future fixed lease payments to be received under the Successor Company's operating leases as of March 31, 2022, are as follows: Years Ending December 31, Operating Leases 2022 (1) $ 266,243 2023 311,345 2024 253,351 2025 196,536 2026 145,634 2027 99,328 Thereafter 225,650 Total undiscounted lease payments $ 1,498,087 (1) Reflects rental payments for the fiscal period April 1, 2022 to December 31, 2022.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 5 – Fair Value Measurements The Company has categorized its financial assets and financial liabilities that are recorded at fair value into a hierarchy in accordance with ASC 820, Fair Value Measurements and Disclosure Level 1 – Inputs represent quoted prices in active markets for identical assets and liabilities as of the measurement date. Level 2 – Inputs, other than those included in Level 1, represent observable measurements for similar instruments in active markets, or identical or similar instruments in markets that are not active, and observable measurements or market data for instruments with substantially the full term of the asset or liability. Level 3 – Inputs represent unobservable measurements, supported by little, if any, market activity, and require considerable assumptions that are significant to the fair value of the asset or liability. Market valuations must often be determined using discounted cash flow methodologies, pricing models or similar techniques based on the Company’s assumptions and best judgment. The asset or liability's fair value within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Under ASC 820, fair value measurements are determined based on the assumptions that market participants would use in pricing the asset or liability in an orderly transaction at the measurement date and under current market conditions. Valuation techniques used maximize the use of observable inputs and minimize the use of unobservable inputs and consider assumptions such as inherent risk, transfer restrictions and risk of nonperformance. Fair Value Measurements on a Recurring Basis The carrying values of cash and cash equivalents, receivables, accounts payable and accrued liabilities are reasonable estimates of their fair values because of the short-term nature of these financial instruments. The estimated fair value of the 10% senior secured notes due 2029 (the “Secured Notes”) and mortgage and other indebtedness was $1,854,171 and $2,059,094 at March 31, 2022 and December 31, 2021, respectively. The fair value of mortgage and other indebtedness was calculated using Level 2 inputs by discounting future cash flows for mortgage and other indebtedness using estimated market rates at which similar loans would be made currently. The Company elected the fair value option in conjunction with the issuance of the Secured Notes because it believes that the fair value option provides the most accurate depiction of the current value of the Secured Notes. The following table sets forth information regarding the Secured Notes for the three months ended March 31, 2022: Debt Instrument Carrying amount as of March 31,2022 Change in fair value (1) Fair value as of March 31, 2022 (2) Secured Notes $ 395,000 $ 593 $ 395,593 (1) For the three months ended March 31, 2022, the change in fair value is included within “Interest Expense” in the Company’s condensed consolidated income statement. (2) The fair value was calculated using Level 1 inputs. The following table sets forth information regarding the Secured Notes for the year ended December 31, 2021: Debt Instrument Carrying amount as of December 31, 2021 Change in fair value (1) Fair value as of December 31, 2021 (2) Secured Notes $ 395,000 $ 395 $ 395,395 (1) For the two months ended December 31, 2021, the change in fair value is included within “Interest Expense” in the Company’s condensed consolidated income statement. (2) The fair value was calculated using Level 1 inputs. During the three months ended March 31, 2022, the Company has continued to reinvest the cash from maturing U.S. Treasury securities into new U.S. Treasury securities. The Company designated the U.S. Treasury securities as available-for-sale (“AFS”). The following table sets forth information regarding the Company’s AFS securities that were measured at fair value for the three months ended March 31, 2022: AFS Security Amortized Cost (1) Allowance for credit losses (2) Total unrealized gain Fair value as of March 31, 2022 U.S. Treasury securities $ 149,936 $ — $ 39 $ 149,975 (1) The U.S. Treasury securities have maturities through May 2022 . Note 14 for more information. ( 2 ) U.S Treasury securities have a long history with no credit losses. Additionally, the Company notes that U.S Treasury securities are explicitly fully guaranteed by a sovereign entity that can print its own currency and that the sovereign entity’s currency is routinely held by central banks and other major financial institutions, is used in international commerce, and commonly viewed as a reserve currency, all of which qualitatively indicate that historical credit loss information should be minimally affected by current conditions and reasonable and supportable forecasts. Therefore, the Company did not record expected credit losses for its U.S Treasury securities for the three months ended March 31, 2022. The following table sets forth information regarding the Company’s AFS securities that were measured at fair value for the year ended December 31, 2021: AFS Security Amortized Cost Allowance for credit losses (1) Total unrealized gain Fair value as of December 31, 2021 U.S. Treasury securities $ 149,999 $ — $ (3 ) $ 149,996 (1) U.S Treasury securities have a long history with no credit losses. Additionally, the Company notes that U.S Treasury securities are explicitly fully guaranteed by a sovereign entity that can print its own currency and that the sovereign entity’s currency is routinely held by central banks and other major financial institutions, is used in international commerce, and commonly viewed as a reserve currency, all of which qualitatively indicate that historical credit loss information should be minimally affected by current conditions and reasonable and supportable forecasts. Therefore, the Company did not record expected credit losses for its U.S Treasury securities for the year ended December 31, 2021. Fair Value Measurements on a Nonrecurring Basis The Company measures the fair value of certain long-lived assets on a nonrecurring basis, through quarterly impairment testing or when events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. The Company’s evaluation of the recoverability of long-lived assets involves the comparison of undiscounted future cash flows expected to be generated by each property over the Company’s expected remaining holding period to the respective carrying amount. The determination of whether the carrying value is recoverable also requires management to make estimates related to probability weighted scenarios impacting undiscounted cash flow models. The Company considers both quantitative and qualitative factors in its impairment analysis of long-lived assets. Significant quantitative factors include historical and forecasted information for each property such as net operating income, occupancy statistics and sales levels. Significant qualitative factors used include market conditions, age and condition of the property and tenant mix. The quantitative and qualitative factors impact the selection of the terminal capitalization rate which is used in both an undiscounted and discounted cash flow model and the discount rate used in a discounted cash flow model. Due to the significant unobservable estimates and assumptions used in the valuation of long-lived assets that experience impairment, the Company classifies such long-lived assets under Level 3 in the fair value hierarchy. Level 3 inputs primarily consist of sales and market data, independent valuations and discounted cash flow models. See below for a description of the estimates and assumptions the Company used in its impairment analysis. See Note 3 in the annual report on Form 10-K for the year ended December 31, 2021 for information regarding the fair value adjustments associated with fresh start accounting. Long-lived Assets Measured at Fair Value in 2022 During the three months ended March 31, 2022, the Successor Company adjusted the negative equity in Greenbrier Mall to zero upon deconsolidation, which represents the estimated fair value of the Successor Company’s investment in that property. See Note 7 for additional information. Long-lived Assets Measured at Fair Value in 2021 The following table sets forth information regarding the Predecessor Company's assets that were measured at fair value on a nonrecurring basis and related impairment charges for the three months ended March 31, 2021: Fair Value Measurements at Reporting Date Using Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Loss on Impairment 2021: Predecessor Long-lived assets $ 38,500 $ — $ — $ 38,500 $ 57,182 During the three months ended March 31, 2021, the Predecessor Company recognized impairments of real estate of $57,182 related to three malls. Impairment Date Property Location Segment Classification Loss on Impairment Fair Value March Eastland Mall (1) Bloomington, IL Malls $ 13,243 $ 10,700 March Old Hickory Mall (2) Jackson, TN Malls 20,149 12,400 March Stroud Mall (3) Stroudsburg, PA Malls 23,790 15,400 $ 57,182 $ 38,500 (1) In accordance with the Company's quarterly impairment process, the Predecessor Company wrote down the book value of the mall to its estimated fair value of $10,700. The mall had experienced a decline in cash flows due to store closures and rent reductions. Management determined the fair value of Eastland Mall using a discounted cash flow methodology. The discounted cash flow used assumptions including a holding period of nine years, with a sale at the end of the holding period, a capitalization rate of 14.0% and a discount rate of 15.0%. (2) In accordance with the Company's quarterly impairment process, the Predecessor Company wrote down the book value of the mall to its estimated fair value of $12,400. The mall had experienced a decline in cash flows due to store closures and rent reductions. Management determined the fair value of Old Hickory Mall using a discounted cash flow methodology. The discounted cash flow used assumptions including a holding period of nine years, with a sale at the end of the holding period, a capitalization rate of 13.0% and a discount rate of 14.0%. (3) In accordance with the Company's quarterly impairment process, the Predecessor Company wrote down the book value of the mall to its estimated fair value of $15,400. The mall had experienced a decline in cash flows due to store closures and rent reductions. Management determined the fair value of Stroud Mall using a discounted cash flow methodology. The discounted cash flow used assumptions including a holding period of nine years, with a sale at the end of the holding period, a capitalization rate of 11.75% and a discount rate of 12.5%. During the three months ended March 31, 2021, the Predecessor Company adjusted the combined negative equity in Asheville Mall and Park Plaza to zero upon deconsolidation, which represents the estimated fair values of the Predecessor Company’s investments in these properties.

Dispositions

Dispositions	3 Months Ended
	Mar. 31, 2022
Discontinued Operations And Disposal Groups [Abstract]
Dispositions	Note 6 – Dispositions Dispositions Based on its analysis, the Company determined that the dispositions described below do not meet the criteria for classification as discontinued operations and are not considered to be significant disposals based on its quantitative and qualitative evaluation. Thus, the results of operations of the properties described below, as well as any related gains or losses, are included in net loss for all periods presented, as applicable. 2022 Dispositions The Successor Company had no significant dispositions during the three months ended March 31, 2022. 2021 Dispositions The Predecessor Company realized a loss of $299 related to the sale of an

Unconsolidated Affiliates and N

Unconsolidated Affiliates and Noncontrolling Interests	3 Months Ended
	Mar. 31, 2022
Equity Method Investments And Joint Ventures [Abstract]
Unconsolidated Affiliates and Noncontrolling Interests	Note 7 – Unconsolidated Affiliates and Noncontrolling Interests Unconsolidated Affiliates Although the Company had majority ownership of certain joint ventures during 2022 and 2021, it evaluated the investments and concluded that the other partners or owners in these joint ventures had substantive participating rights, such as approvals of: • the pro forma for the development and construction of the project and any material deviations or modifications thereto; • the site plan and any material deviations or modifications thereto; • the conceptual design of the project and the initial plans and specifications for the project and any material deviations or modifications thereto; • any acquisition/construction loans or any permanent financings/refinancings; • the annual operating budgets and any material deviations or modifications thereto; • the initial leasing plan and leasing parameters and any material deviations or modifications thereto; and • any material acquisitions or dispositions with respect to the project. As a result of the joint control over these joint ventures, the Company accounts for these investments using the equity method of accounting. At March 31, 2022, the Company had investments in 27 entities, which are accounted for using the equity method of accounting. The Company's ownership interest in these unconsolidated affiliates ranges from 20% to 100%. Of these entities, 14 are owned in 50/50 joint ventures. 2022 Activity - Unconsolidated Affiliates Atlanta Outlet JV, LLC In February 2022, the joint venture entered into a forbearance agreement with the lender regarding the default triggered by the filing of voluntary petitions (the “Chapter 11 Cases”) under chapter 11 of title 11 (“Chapter 11”) of the United States Code in the United States Bankruptcy Court for the Southern District of Texas related to the loan secured by The Outlet Shoppes at Atlanta. Bullseye, LLC In March 2022, the joint venture sold its income-producing property, which generated gross proceeds of $10,500. The Company’s share of the net profit from the sale was $629. Fremaux Town Center JV, LLC In March 2022, the joint venture entered into a forbearance agreement with the lender regarding the default triggered by the Chapter 11 Cases related to the loan secured by Fremaux Town Center. Greenbrier Mall II, LLC In March 2022, the Company deconsolidated Greenbrier Mall as a result of the Company losing control when the property was placed in receivership. As of March 31, 2022, the loan secured by Greenbrier Mall had an outstanding balance of $61,647. For the three months ended March 31, 2022, the Company recognized a gain on deconsolidation of $36,250. Louisville Outlet Shoppes, LLC Subsequent to March 31, 2022, the joint venture entered into a forbearance agreement with the lender regarding the default triggered by the bankruptcy filing related to the loan secured by The Outlet Shoppes of the Bluegrass. See Note 14 . Mall of South Carolina, LP and Mall of South Carolina Outparcel, LP In March 2022, the joint ventures entered into forbearance agreements with the lenders regarding the default triggered by the Chapter 11 Cases related to the loans secured by Coastal Grand. Shoppes at Eagle Point, LLC Subsequent to March 31, 2022, the joint venture entered into a new $40,000, ten-year Note 14 for additional information. York Town Center Holding, LP In March 2022, the joint venture entered into a $30,000 non-recourse mortgage note payable, secured by York Town Center, that provides for a three-year Condensed Combined Financial Statements - Unconsolidated Affiliates Condensed combined financial statement information of the unconsolidated affiliates are as follows: March 31, 2022 December 31, 2021 ASSETS: Investment in real estate assets $ 2,048,670 $ 2,364,154 Accumulated depreciation (791,622 ) (934,374 ) 1,257,048 1,429,780 Developments in progress 6,717 7,288 Net investment in real estate assets 1,263,765 1,437,068 Other assets 197,179 188,683 Total assets $ 1,460,944 $ 1,625,751 LIABILITIES: Mortgage and other indebtedness, net $ 1,501,094 $ 1,452,794 Other liabilities 62,755 64,598 Total liabilities 1,563,849 1,517,392 OWNERS' EQUITY: The Company 17,238 102,792 Other investors (120,143 ) 5,567 Total owners' equity (102,905 ) 108,359 Total liabilities and owners’ equity $ 1,460,944 $ 1,625,751 Successor Predecessor Three Months Ended March 31, Three Months Ended March 31, 2022 2021 Total revenues $ 63,737 $ 58,756 Net income (loss) (1) $ 20,678 $ (3,321 ) (1) The Successor Company's pro rata share of net income is $8,566 for the three months ended March 31, 2022. The Predecessor Company’s pro rata share of net loss is Variable Interest Entities The Operating Partnership and certain of its subsidiaries are deemed to have the characteristics of a VIE primarily because the limited partners of these entities do not collectively possess substantive kick-out or participating rights. The Company consolidates the Operating Partnership, which is a VIE, for which the Company is the primary beneficiary. The Company, through the Operating Partnership, consolidates all VIEs for which it is the primary beneficiary. Generally, a VIE is a legal entity in which the equity investors do not have the characteristics of a controlling financial interest or the equity investors lack sufficient equity at risk for the entity to finance its activities without additional subordinated financial support. A limited partnership is considered a VIE when the majority of the limited partners unrelated to the general partner possess neither the right to remove the general partner without cause, nor certain rights to participate in the decisions that most significantly affect the financial results of the partnership. In determining whether the Company is the primary beneficiary of a VIE, the Company considers qualitative and quantitative factors, including, but not limited to: which activities most significantly impact the VIE’s economic performance and which party controls such activities; the amount and characteristics of the Company's investment; the obligation or likelihood for the Company or other investors to provide financial support; and the similarity with and significance to the Company's business activities and the business activities of the other investors. Consolidated VIEs As of March 31, 2022, the Company had investments in 12 consolidated VIEs with ownership interests ranging from 50% to 92%. Unconsolidated VIEs The table below lists the Company's unconsolidated VIEs as of March 31, 2022: Unconsolidated VIEs: Investment in Real Estate Joint Ventures and Partnerships Maximum Risk of Loss Ambassador Infrastructure, LLC (1) $ — $ 7,001 Asheville Mall CMBS, LLC — — Atlanta Outlet JV, LLC (1) 881 5,318 CBL-T/C, LLC — — EastGate Mall CMBS, LLC — — El Paso Outlet Center Holding, LLC 285 285 Fremaux Town Center JV, LLC 2,052 2,052 Greenbrier Mall II, LLC — — Louisville Outlet Shoppes, LLC (1) — 7,947 Mall of South Carolina L.P. — — Shoppes at Eagle Point, LLC (1)(2) 21,058 33,798 Vision - CBL Hamilton Place, LLC 2,112 2,112 $ 26,388 $ 58,513 (1) The Operating Partnership has guaranteed all or a portion of the debt of each of these VIEs. See Note 11 (2) Subsequent to March 31, 2022, the guaranty was removed. See Note 14

Mortgage and Other Indebtedness

Mortgage and Other Indebtedness, Net	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Mortgage and Other Indebtedness, Net	Note 8 – Mortgage and Other Indebtedness, Net Debt of the Company CBL has no indebtedness. Consolidated subsidiaries that it has a direct or indirect ownership interest in are the borrowers on all the Company's debt. CBL is a limited guarantor of the secured term loan and the Secured Notes for losses suffered solely by reason of fraud or willful misrepresentation by the Operating Partnership or its affiliates. Debt of the Operating Partnership Our Secured Notes and mortgage and other indebtedness, net, consisted of the following: March 31, 2022 December 31, 2021 Amount Weighted- Average Interest Rate (1) Amount Weighted- Average Interest Rate (1) Fixed-rate debt at fair value: Secured Notes - at fair value (carrying amount of $395,000 as of March 31, 2022 and December 31, 2021) $ 395,593 10.00 % $ 395,395 10.00 % Fixed-rate debt: Exchangeable senior secured notes — — 150,000 7.00 % Non-recourse loans on operating properties 847,208 4.83 % 916,927 5.04 % Total fixed-rate debt 847,208 4.83 % 1,066,927 5.32 % Variable-rate debt: Secured term loan 864,611 3.75 % 880,091 3.75 % Non-recourse loans on operating properties 66,386 3.45 % 66,911 3.21 % Total variable-rate debt 930,997 3.73 % 947,002 3.71 % Total fixed-rate and variable-rate debt 1,778,205 4.26 % 2,013,929 4.56 % Unamortized deferred financing costs (2,928 ) (1,567 ) Debt discounts (2) (135,808 ) (199,153 ) Total mortgage and other indebtedness, net $ 1,639,469 $ 1,813,209 (1 ) Weighted-average interest rate excludes amortization of deferred financing costs. ( 2 ) In conjunction with fresh start accounting, the Company estimated the fair value of its mortgage notes with the assistance of a third-party valuation advisor. This resulted in recognizing a debt discount on the Effective Date. The debt discount is accreted over the term of the respective debt using the effective interest method. The remaining debt discounts at March 31, 2022 will be accreted over a weighted average period of 3.1 years. As of March 31, 2022, In February 2022, the loan secured by Fayette Mall was modified to reduce the fixed interest rate to 4.25% and extend the maturity date through May 2023 In March 2022, the Company deconsolidated Greenbrier Mall as a result of the Company losing control when the property was placed in receivership. See Note 7 for additional information. In March 2022, the loan secured by Cross Creek Mall was extended through May 2022. The Company remains in discussions with the lender regarding an extension. As of March 31, 2022, the loan had an outstanding balance of $101,077. Several of the Company’s properties are owned by special purpose entities, created as a requirement under certain loan agreements that are included in the Company’s condensed consolidated financial statements. The sole business purpose of the special purpose entities is to own and operate these properties. The real estate and other assets owned by these special purpose entities are restricted under the loan agreements in that they are not available to settle other debts of the Company. However, so long as the loans are not under an event of default, as defined in the loan agreement, the cash flows from these properties, after payments of debt service, operating expenses and reserves, are available for distribution to the Company. Exit Credit Agreement On November 1, 2021, CBL & Associates HoldCo I, LLC (“HoldCo I”), a wholly owned subsidiary of the Operating Partnership, entered into an amended and restated credit agreement (the “Exit Credit Agreement”), providing for an $883,700 senior secured term loan that matures November 1, 2025 . The Operating Partnership provided a limited guaranty up to a maximum of $ 175,000 (the “Principal Liability Cap”). The Principal Liability Cap will be reduced by an amount equal to 100 % of the first $ 2,500 in principal amortization made by HoldCo I each calendar year and will be reduced further by 50 % of the principal amortization payments made by HoldCo I each calendar year in excess of the first $ 2,500 in principal amortization for such calendar year. As of March 31, 2022, the Principal Liability Cap had been reduced to $ 160,661 . The Principal Liability Cap is eliminated when the loan balance is reduced below $ 650,000 . Secured Notes Indenture Subsequent to March 31, 2022, HoldCo II delivered a conditional notice of redemption to holders of the Secured Notes, pursuant to the terms of the indenture governing the Secured Notes, to redeem $60,000 aggregate principal amount of the Secured Notes on May 26, 2022. See Note 14 for additional information. Exchangeable Notes Indenture On the Effective Date, HoldCo II entered into a secured exchangeable notes indenture relating to the issuance of 7.0% exchangeable senior secured notes due 2028 (the “Exchangeable Notes”) in an aggregate principal amount of $150,000. In December 2021, the Company announced that HoldCo II exercised its optional exchange right with respect to all the $150,000 aggregate principal amount of the Exchangeable Notes. The exchange date was January 28, 2022, and settlement occurred on February 1, 2022. Per the terms of the indenture governing the Exchangeable Notes, shares of the Company’s common stock, par value $0.001, plus cash in lieu of fractional shares, were issued to settle the exchange. On February 1, 2022, the Company issued 10,982,795 shares of common stock to holders of the Exchangeable Notes in satisfaction of principal, accrued interest and the makewhole payment, and all the Exchangeable Notes were cancelled in accordance with the terms of the indenture. Scheduled Principal Payments As of March 31, 2022, the scheduled principal amortization and balloon payments of the Company’s consolidated debt, excluding extensions available at the Company’s option, on all mortgage and other indebtedness, are as follows: 2022 (1) (2) $ 409,393 2023 215,407 2024 111,867 2025 785,230 2026 137,616 Thereafter 395,000 Total 2,054,513 Principal balance of loans with maturity date prior to March 31, 2022 ( 3 ) 118,692 Total mortgage and other indebtedness $ 2,173,205 (1) Reflects scheduled principal amortization and balloon payments for the fiscal period April 1, 2022 through December 31, 2022. ( 2 ) Subsequent to March 31, 2022, the loan secured by Arbor Place was extended for an additional four years, with a new maturity date of May 2026 Note 14 . ( 3 ) Represents the aggregate principal balance as of March 31, 2022 of the loans secured by Alamance Crossing, Hamilton Crossing and Parkdale Mall & Crossing, which are in default. The Company is in discussions with the lender regarding the loans secured by these properties. March 2021 April 2021 July 2021 Of the $409,393 of scheduled principal payments for the remainder of 2022, $362,722 relates to the maturing principal balance of six operating property loans. The Company is in discussions with the lenders regarding extensions.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Segment Information	Note 9 – Segment Information The Company measures performance and allocates resources according to property type, which is determined based on certain criteria such as type of tenants, capital requirements, economic risks, leasing terms, and short and long-term returns on capital. Rental income and tenant reimbursements from tenant leases provide the majority of revenues from all segments. Information on the Company’s segments is presented as follows: Three Months Ended March 31, 2022 (Successor) Malls (1) All Other (2) Total Revenues (3) $ 121,428 $ 18,674 $ 140,102 Property operating expenses (4) (44,684 ) (3,661 ) (48,345 ) Interest expense (71,159 ) (19,500 ) (90,659 ) Gain on sales of real estate assets — 16 16 Segment profit (loss) $ 5,585 $ (4,471 ) 1,114 Depreciation and amortization (68,943 ) General and administrative (18,074 ) Litigation settlement 81 Interest and other income 155 Gain on deconsolidation 36,250 Reorganization items, net (1,571 ) Income tax provision (801 ) Equity in earnings of unconsolidated affiliates 8,566 Net loss $ (43,223 ) Capital expenditures (5) $ 3,960 $ 1,870 $ 5,830 Three Months Ended March 31, 2021 (Predecessor) Malls (1) All Other (2) Total Revenues (3) $ 119,328 $ 13,856 $ 133,184 Property operating expenses (4) (45,595 ) (3,539 ) (49,134 ) Interest expense (23,170 ) (960 ) (24,130 ) Loss on sales of real estate assets — (299 ) (299 ) Segment profit $ 50,563 $ 9,058 59,621 Depreciation and amortization (48,112 ) General and administrative (12,612 ) Litigation settlement 858 Interest and other income 776 Reorganization items (22,933 ) Loss on impairment (57,182 ) Gain on deconsolidation 55,131 Income tax provision (751 ) Equity in losses of unconsolidated affiliates (3,076 ) Net loss $ (28,280 ) Capital expenditures (5) $ 3,491 $ 637 $ 4,128 Total assets Malls (1) All Other ( 2 ) Total March 31, 2022 $ 1,860,718 $ 988,606 $ 2,849,324 December 31, 2021 $ 1,961,061 $ 984,918 $ 2,945,979 (1) The Malls category includes malls, lifestyle centers and outlet centers. (2) The All Other category includes open-air centers, outparcels, office buildings, self-storage facilities, corporate-level debt and the Management Company. (3) Management, development and leasing fees are included in All Other category. See Note 3 (4) Property operating expenses include property operating, real estate taxes and maintenance and repairs. (5) Includes additions to and acquisitions of real estate assets and investments in unconsolidated affiliates. Developments in progress are included in the All Other category.

Earnings per Share

Earnings per Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings per Share	Note 10 – Earnings per Share Basic earnings per share ("EPS") is computed by dividing net income (loss) attributable to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted EPS assumes the issuance of common stock for all potential dilutive common shares outstanding. There were no potential dilutive common shares and there were no anti-dilutive shares for the three months ended March 31, 2022 and 2021.

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments And Contingencies Disclosure [Abstract]
Contingencies	Note 11 – Contingencies Securities Litigation The Company and certain of its officers and directors were named as defendants in three putative securities class action lawsuits (collectively, the “Securities Class Action Litigation”), each filed in the United States District Court for the Eastern District of Tennessee, on behalf of all persons who purchased or otherwise acquired the Company’s securities during a specified period of time. Those cases were consolidated on July 17, 2019, under the caption In re CBL & Associates Properties, Inc. Securities Litigation, 1:19-cv-00149-JRG-CHS, and a consolidated amended complaint was filed on November 5, 2019, seeking to represent a class of purchasers from July 29, 2014 through March 26, 2019. The operative complaint filed in the Securities Class Action Litigation alleges violations of the securities laws, including, among other things, that the defendants made certain materially false and misleading statements and omissions regarding the Company’s contingent liabilities, business, operations, and prospects during the periods of time specified above. The plaintiffs seek compensatory damages and attorneys’ fees and costs, among other relief, but have not specified the amount of damages sought. On May 3, 2022, the court dismissed the Company from the Securities Class Action Litigation but declined to dismiss the individual defendants. The court also lifted the stay of the proceedings and instructed the parties to confer on a proposed schedule. The outcome of these legal proceedings cannot be predicted with certainty. The Company's insurance carriers remain on notice of the Securities Class Action Litigation. The Company is currently involved in certain other litigation that arises in the ordinary course of business, most of which is expected to be covered by liability insurance. Management makes assumptions and estimates concerning the likelihood and amount of any potential loss relating to these matters using the latest information available. The Company records a liability for litigation if an unfavorable outcome is probable and the amount of loss or range of loss can be reasonably estimated. If an unfavorable outcome is probable and a reasonable estimate of the loss is a range, the Company accrues the best estimate within the range. If no amount within the range is a better estimate than any other amount, the Company accrues the minimum amount within the range. If an unfavorable outcome is probable but the amount of the loss cannot be reasonably estimated, the Company discloses the nature of the litigation and indicates that an estimate of the loss or range of loss cannot be made. If an unfavorable outcome is reasonably possible and the estimated loss is material, the Company discloses the nature and estimate of the possible loss of the litigation. Based on current expectations, such matters, both individually and in the aggregate, are not expected to have a material adverse effect on the liquidity, results of operations, business or financial condition of the Company. Environmental Contingencies The Company evaluates potential loss contingencies related to environmental matters using the same criteria described above related to litigation matters. Based on current information, an unfavorable outcome concerning such environmental matters, both individually and in the aggregate, is considered to be reasonably possible. However, the Company believes its maximum potential exposure to loss would not be material to its results of operations or financial condition. The Company has a master insurance policy that provides coverage through 2022 for certain environmental claims up to $10,000 per occurrence and up to $50,000 in the aggregate, subject to deductibles and certain exclusions. At certain locations, individual policies are in place. Guarantees The Operating Partnership may guarantee the debt of a joint venture primarily because it allows the joint venture to obtain funding at a lower cost than could be obtained otherwise. This results in a higher return for the joint venture on its investment, and a higher return on the Operating Partnership's investment in the joint venture. The Operating Partnership may receive a fee from the joint venture for providing the guaranty. Additionally, when the Operating Partnership issues a guaranty, the terms of the joint venture agreement typically provide that the Operating Partnership may receive indemnification from the joint venture partner or have the ability to increase its ownership interest. The guarantees expire upon repayment of the debt, unless noted otherwise. The following table represents the Operating Partnership's guarantees of unconsolidated affiliates' debt as reflected in the accompanying condensed consolidated balance sheets as of March 31, 2022 and December 31, 2021: As of March 31, 2022 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) March 31, 2022 December 31, 2021 West Melbourne I, LLC - Phase I 50% $ 38,691 50% $ 19,345 Feb-2025 (2) $ 193 $ 195 West Melbourne I, LLC - Phase II 50% 13,743 50% 6,872 Feb-2025 (2) 69 69 Port Orange I, LLC 50% 51,073 50% 25,536 Feb-2025 (2) 255 258 Ambassador Infrastructure, LLC 65% 7,001 100% 7,001 Mar-2025 82 83 Shoppes at Eagle Point, LLC 50% 33,585 35% (3) 12,740 Oct-2022 127 127 Atlanta Outlet JV, LLC 50% 4,437 100% 4,437 Nov-2023 — — Louisville Outlet Shoppes, LLC 50% 7,947 100% 7,947 Oct-2022 — — Total guaranty liability $ 726 $ 732 (1) Excludes any extension options. (2) These loans have a one-year ( 3 ) The guaranty is for a fixed amount of $12,740 throughout the term of the loan, including any extensions. Subsequent to March 31, 2022, the joint venture entered into a new non-recourse loan, which removed the guaranty. See Note 14 for additional information. For the three months ended March 31, 2022, the Successor Company evaluated each guaranty, listed in the table above, individually by evaluating the debt service ratio, cash flow forecasts and the performance of each loan. The result of the analysis was that each loan is current and performing. The Successor Company did not record a credit loss related to the guarantees listed in the table above for the three months ended March 31, 2022. For the three months ended March 31, 2021, the Predecessor Company evaluated each guaranty, listed in the table above, individually by evaluating the debt service ratio, cash flow forecasts, the performance of each loan and, where applicable, the collateral value in relation to the outstanding amount of the loan. The result of the analysis was that each loan is current, performing and, where applicable, the collateral value was greater than the outstanding amount of the loan. The Predecessor Company did not record a credit loss related to the guarantees listed in the table above for the three months ended March 31, 2021.

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Mar. 31, 2022
Share Based Compensation [Abstract]
Share-Based Compensation	Note 12 – Share-Based Compensation 2021 Equity Incentive Plan Following the Effective Date, the board of directors of the Successor Company adopted the CBL & Associates Properties, Inc. 2021 Equity Incentive Plan (the “EIP”). The EIP authorizes the grant of equity awards to eligible participants based on the new common stock, in the form of stock options, stock appreciation rights, restricted stock, restricted stock units and other equity awards. Awards under the EIP may be granted to officers, employees, directors, consultants and independent contractors of the reorganized company. Initially, 3,222,222 shares of new common stock are available under the EIP. The initial new common stock under the EIP is subject to an annual increase of a number of shares equal to 3% of the number of shares of new common stock issued and outstanding at the end of the relevant calendar year (beginning January 2023), or such lesser amount as the board of directors may determine. The EIP will be administered by the compensation committee of the board of directors, which will determine the participants who will be granted awards under the EIP and the terms and conditions of EIP awards. In accordance with the provisions of ASU 2016-09, which are designed to simplify the accounting for share-based payments transactions, the Successor Company elected to account for forfeitures of share-based payments as they occur rather than estimating them in advance. Restricted Stock Awards Compensation expense is recognized on a straight-line basis over the requisite service period. The share-based compensation expense related to the restricted stock awards of the Successor Company was $1,622 for the three months ended March 31, 2022. The share-based compensation expense related to the restricted stock awards of the Predecessor Company was $297 for the three months ended March 31, 2021. Share-based compensation cost resulting from share-based awards is recorded at the Management Company, which is a taxable entity. A summary of the status of the Company’s nonvested restricted stock awards as of March 31, 2022, and changes during the period from January 1, 2022 through March 31, 2022, are presented below: Shares Weighted- Average Grant-Date Fair Value Per Share Nonvested at January 1, 2022 784,999 $ 27.57 Granted 50,000 $ 27.69 Nonvested at March 31, 2022 834,999 $ 27.58 As of March 31, 2022, there was $21,106 of total unrecognized compensation cost related to nonvested restricted stock awards granted under the EIP, which is expected to be recognized over a weighted-average period of 3.5 years. As of the Effective Date, nonvested restricted stock of the Predecessor Company was deemed vested and the Company’s 2012 stock incentive plan, as amended, pursuant to which such restricted stock had been granted, was terminated. Performance Stock Awards In February 2022, the compensation committee of the board of directors of the Company approved the terms of new awards of performance stock units (“PSUs”). The PSUs are earned over a four-year In February 2022, the Company issued 727,223 PSUs to senior officers. The PSUs had a weighted-average grant date fair value of $24.67. Compensation cost is recognized on a tranche-by-tranche basis using the accelerated attribution method. The resulting expense, for awards classified as equity, is recorded regardless of whether any PSU awards are earned as long as the required service period is met. Share-based compensation expense related to the Successor Company’s PSUs was $1,121 for the three months ended March 31, 2022. Share-based compensation expense related to the Predecessor Company’s PSUs was $94 for the three months ended March 31, 2021. The unrecognized compensation expense related to the Successor Company’s PSUs was $16,821 as of March 31, 2022, which is expected to be recognized over a weighted-average period of 3.8 years. As of the Effective Date, all outstanding PSUs of the Predecessor Company were deemed cancelled.

Noncash Investing and Financing

Noncash Investing and Financing Activities	3 Months Ended
	Mar. 31, 2022
Supplemental Cash Flow Information [Abstract]
Noncash Investing and Financing Activities	Note 13 – Noncash Investing and Financing Activities The Company’s noncash investing and financing activities were as follows: Successor Predecessor Three Months Ended March 31, Three Months Ended March 31, 2022 2021 Additions to real estate assets accrued but not yet paid $ 11,177 $ 3,190 Deconsolidation upon loss of control (1) Decrease in real estate assets (18,810 ) (84,860 ) Decrease in mortgage and other indebtedness 56,226 134,354 Decrease in operating assets and liabilities 5,686 5,808 Decrease in intangible lease and other assets (6,852 ) (171 ) ( 1 ) See Note 7 for additional information.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 14 – Subsequent Events In April 2022, HoldCo II delivered a conditional notice of redemption to holders of the Secured Notes, pursuant to the terms of the indenture governing the Secured Notes, to redeem $60,000 aggregate principal amount of the Secured Notes on May 26, 2022. The redemption is conditioned upon the receipt by HoldCo II of cash proceeds from a new debt financing. There can be no assurances as to when or if such condition will be satisfied and HoldCo II may waive the condition at its discretion. In April 2022, the Company and its joint venture partner closed on a new $40,000, ten-year October 2022 In 2022, the Company used funds from its matured U.S. Treasury securities to November 2022 . In May 2022, the loan secured by Arbor Place was extended for an additional four years, with a new maturity date of May 2026 In May 2022, the Company and its joint venture partner entered into a forbearance agreement with the lender regarding the default triggered by the bankruptcy filing related to the loan secured by The Outlet Shoppes of the Bluegrass.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Accounting Guidance Not Yet Adopted	Accounting Guidance Not Yet Adopted Description Expected Adoption Date & Application Method Financial Statement Effect and Other Information Accounting Standards Update (“ASU”) 2020-04, Reference Rate Reform On March 12, 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848) - Facilitation of the Effects of Reference Rate Reform on Financial Reporting
Accounts Receivable	Accounts Receivable Receivables include amounts billed and currently due from tenants pursuant to lease agreements and receivables attributable to straight-line rents associated with those lease agreements. Individual leases where the collection of rents is in dispute are assessed for collectability based on management’s best estimate of collection considering the anticipated outcome of the dispute. Individual leases that are not in dispute are assessed for collectability and upon the determination that the collection of rents over the remaining lease term is not probable, accounts receivable are reduced as an adjustment to rental revenues. Revenue from leases where collection is deemed to be less than probable is recorded on a cash basis until collectability is determined to be probable. Further, management assesses whether operating lease receivables, at a portfolio level, are appropriately valued based upon an analysis of balances outstanding, historical collection levels and current economic trends. An allowance for the uncollectable portion of the portfolio is recorded as an adjustment to rental revenues. Management’s estimate of the collectability of accounts receivable from tenants is based on the best information available to management at the time of evaluation. Management’s collection assessment took into consideration the type of retailer, billing disputes, lease negotiation status and executed deferral or abatement agreements, as well as recent rent collection experience and tenant bankruptcies based on the best information available to management at the time of evaluation. For the three-month Successor period ended March 31, 2022 there was a reversal of $737 related to uncollectable revenues. For the three-month Predecessor period ended March 31, 2021, revenues were reduced by $6,486 associated with uncollectable revenues, which includes the write-off of $1,679 for straight line rent receivables.

Organization and Basis of Pre_2

Organization and Basis of Presentation (Tables)	3 Months Ended
	Mar. 31, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Schedule of Properties Owned by Operating Partnership	As of March 31, 2022, the Operating Partnership owned interests in the following properties: Malls (1) Outlet Centers (1) Lifestyle Centers (1) Open-Air Centers (2) Other (2) (3) Total Consolidated Properties 41 2 4 21 4 72 Unconsolidated Properties (4) 9 3 1 8 1 22 Total 50 5 5 29 5 94 (1) The Company has aggregated malls, outlet centers and lifestyle centers into one reportable segment, the Malls category, because they have similar economic characteristics and they provide similar products and services to similar types of, and in many cases, the same tenants. (2) Included in “All Other” for purposes of segment reporting. (3) CBL's two consolidated corporate office buildings are included in the Other category. (4) The Operating Partnership accounts for these investments using the equity method because one or more of the other partners have substantive participating rights.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	Accounting Guidance Not Yet Adopted Description Expected Adoption Date & Application Method Financial Statement Effect and Other Information Accounting Standards Update (“ASU”) 2020-04, Reference Rate Reform On March 12, 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848) - Facilitation of the Effects of Reference Rate Reform on Financial Reporting

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Mar. 31, 2022
Revenue From Contract With Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table presents the Company's revenues disaggregated by revenue source: Successor Predecessor Three Months Ended March 31, Three Months Ended March 31, 2022 2021 Rental revenues $ 135,332 $ 128,175 Revenues from contracts with customers (ASC 606): Operating expense reimbursements 2,189 2,156 Management, development and leasing fees (1) 1,769 1,659 Marketing revenues (2) (15 ) 301 3,943 4,116 Other revenues 827 893 Total revenues (3) $ 140,102 $ 133,184 ( 1 ) Included in All Other segment. ( 2 ) Marketing revenues solely relate to the Malls segment for all periods presented. ( 3 ) Sales taxes are excluded from revenues.
Schedule of Expected Recognition of Remaining Performance Obligation	As of March 31, 2022, the Company expects to recognize these amounts as revenue over the following periods: Performance obligation Less than 5 years 5-20 years Over 20 years Total Fixed operating expense reimbursements $ 22,877 $ 50,967 $ 47,352 $ 121,196

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Schedule of Components of Lease Revenue	The components of rental revenues are as follows: Successor Predecessor Three Months Ended March 31, Three Months Ended March 31, 2022 2021 Fixed lease payments $ 95,648 $ 71,227 Variable lease payments 39,684 56,948 Total rental revenues $ 135,332 $ 128,175
Schedule of Undiscounted Future Lease Payments to be Received	The undiscounted future fixed lease payments to be received under the Successor Company's operating leases as of March 31, 2022, are as follows: Years Ending December 31, Operating Leases 2022 (1) $ 266,243 2023 311,345 2024 253,351 2025 196,536 2026 145,634 2027 99,328 Thereafter 225,650 Total undiscounted lease payments $ 1,498,087 (1) Reflects rental payments for the fiscal period April 1, 2022 to December 31, 2022.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Secured Notes Measured at Fair Value	The following table sets forth information regarding the Secured Notes for the three months ended March 31, 2022: Debt Instrument Carrying amount as of March 31,2022 Change in fair value (1) Fair value as of March 31, 2022 (2) Secured Notes $ 395,000 $ 593 $ 395,593 (1) For the three months ended March 31, 2022, the change in fair value is included within “Interest Expense” in the Company’s condensed consolidated income statement. (2) The fair value was calculated using Level 1 inputs. The following table sets forth information regarding the Secured Notes for the year ended December 31, 2021: Debt Instrument Carrying amount as of December 31, 2021 Change in fair value (1) Fair value as of December 31, 2021 (2) Secured Notes $ 395,000 $ 395 $ 395,395 (1) For the two months ended December 31, 2021, the change in fair value is included within “Interest Expense” in the Company’s condensed consolidated income statement. (2) The fair value was calculated using Level 1 inputs.
Schedule of Debt Securities, Available-for-sale Measured at Fair Value	The following table sets forth information regarding the Company’s AFS securities that were measured at fair value for the three months ended March 31, 2022 AFS Security Amortized Cost (1) Allowance for credit losses (2) Total unrealized gain Fair value as of March 31, 2022 U.S. Treasury securities $ 149,936 $ — $ 39 $ 149,975 (1) The U.S. Treasury securities have maturities through May 2022 . Note 14 for more information. ( 2 ) U.S Treasury securities have a long history with no credit losses. Additionally, the Company notes that U.S Treasury securities are explicitly fully guaranteed by a sovereign entity that can print its own currency and that the sovereign entity’s currency is routinely held by central banks and other major financial institutions, is used in international commerce, and commonly viewed as a reserve currency, all of which qualitatively indicate that historical credit loss information should be minimally affected by current conditions and reasonable and supportable forecasts. Therefore, the Company did not record expected credit losses for its U.S Treasury securities for the three months ended March 31, 2022. AFS Security Amortized Cost Allowance for credit losses (1) Total unrealized gain Fair value as of December 31, 2021 U.S. Treasury securities $ 149,999 $ — $ (3 ) $ 149,996 (1) U.S Treasury securities have a long history with no credit losses. Additionally, the Company notes that U.S Treasury securities are explicitly fully guaranteed by a sovereign entity that can print its own currency and that the sovereign entity’s currency is routinely held by central banks and other major financial institutions, is used in international commerce, and commonly viewed as a reserve currency, all of which qualitatively indicate that historical credit loss information should be minimally affected by current conditions and reasonable and supportable forecasts. Therefore, the Company did not record expected credit losses for its U.S Treasury securities for the year ended December 31, 2021.
Schedule of Assets Measured at Fair Value on Nonrecurring Basis	During the three months ended March 31, 2022, the Successor Company adjusted the negative equity in Greenbrier Mall to zero upon deconsolidation, which represents the estimated fair value of the Successor Company’s investment in that property. See Note 7 for additional information. The following table sets forth information regarding the Predecessor Company's assets that were measured at fair value on a nonrecurring basis and related impairment charges for the three months ended March 31, 2021: Fair Value Measurements at Reporting Date Using Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Loss on Impairment 2021: Predecessor Long-lived assets $ 38,500 $ — $ — $ 38,500 $ 57,182
Schedule of Impairment on Real Estate Properties	During the three months ended March 31, 2021, the Predecessor Company recognized impairments of real estate of $57,182 related to three malls. Impairment Date Property Location Segment Classification Loss on Impairment Fair Value March Eastland Mall (1) Bloomington, IL Malls $ 13,243 $ 10,700 March Old Hickory Mall (2) Jackson, TN Malls 20,149 12,400 March Stroud Mall (3) Stroudsburg, PA Malls 23,790 15,400 $ 57,182 $ 38,500 (1) In accordance with the Company's quarterly impairment process, the Predecessor Company wrote down the book value of the mall to its estimated fair value of $10,700. The mall had experienced a decline in cash flows due to store closures and rent reductions. Management determined the fair value of Eastland Mall using a discounted cash flow methodology. The discounted cash flow used assumptions including a holding period of nine years, with a sale at the end of the holding period, a capitalization rate of 14.0% and a discount rate of 15.0%. (2) In accordance with the Company's quarterly impairment process, the Predecessor Company wrote down the book value of the mall to its estimated fair value of $12,400. The mall had experienced a decline in cash flows due to store closures and rent reductions. Management determined the fair value of Old Hickory Mall using a discounted cash flow methodology. The discounted cash flow used assumptions including a holding period of nine years, with a sale at the end of the holding period, a capitalization rate of 13.0% and a discount rate of 14.0%. (3) In accordance with the Company's quarterly impairment process, the Predecessor Company wrote down the book value of the mall to its estimated fair value of $15,400. The mall had experienced a decline in cash flows due to store closures and rent reductions. Management determined the fair value of Stroud Mall using a discounted cash flow methodology. The discounted cash flow used assumptions including a holding period of nine years, with a sale at the end of the holding period, a capitalization rate of 11.75% and a discount rate of 12.5%.

Unconsolidated Affiliates and_2

Unconsolidated Affiliates and Noncontrolling Interests (Tables)	3 Months Ended
	Mar. 31, 2022
Equity Method Investments And Joint Ventures [Abstract]
Schedule of Condensed Combined Financial Statement Information - Unconsolidated Affiliates	Condensed combined financial statement information of the unconsolidated affiliates are as follows: March 31, 2022 December 31, 2021 ASSETS: Investment in real estate assets $ 2,048,670 $ 2,364,154 Accumulated depreciation (791,622 ) (934,374 ) 1,257,048 1,429,780 Developments in progress 6,717 7,288 Net investment in real estate assets 1,263,765 1,437,068 Other assets 197,179 188,683 Total assets $ 1,460,944 $ 1,625,751 LIABILITIES: Mortgage and other indebtedness, net $ 1,501,094 $ 1,452,794 Other liabilities 62,755 64,598 Total liabilities 1,563,849 1,517,392 OWNERS' EQUITY: The Company 17,238 102,792 Other investors (120,143 ) 5,567 Total owners' equity (102,905 ) 108,359 Total liabilities and owners’ equity $ 1,460,944 $ 1,625,751 Successor Predecessor Three Months Ended March 31, Three Months Ended March 31, 2022 2021 Total revenues $ 63,737 $ 58,756 Net income (loss) (1) $ 20,678 $ (3,321 ) (1) The Successor Company's pro rata share of net income is $8,566 for the three months ended March 31, 2022. The Predecessor Company’s pro rata share of net loss is
Schedule of Variable Interest Entities	The table below lists the Company's unconsolidated VIEs as of March 31, 2022: Unconsolidated VIEs: Investment in Real Estate Joint Ventures and Partnerships Maximum Risk of Loss Ambassador Infrastructure, LLC (1) $ — $ 7,001 Asheville Mall CMBS, LLC — — Atlanta Outlet JV, LLC (1) 881 5,318 CBL-T/C, LLC — — EastGate Mall CMBS, LLC — — El Paso Outlet Center Holding, LLC 285 285 Fremaux Town Center JV, LLC 2,052 2,052 Greenbrier Mall II, LLC — — Louisville Outlet Shoppes, LLC (1) — 7,947 Mall of South Carolina L.P. — — Shoppes at Eagle Point, LLC (1)(2) 21,058 33,798 Vision - CBL Hamilton Place, LLC 2,112 2,112 $ 26,388 $ 58,513 (1) The Operating Partnership has guaranteed all or a portion of the debt of each of these VIEs. See Note 11 (2) Subsequent to March 31, 2022, the guaranty was removed. See Note 14

Mortgage and Other Indebtedne_2

Mortgage and Other Indebtedness, Net (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of Pre-Emergence Net Mortgage Notes Payable	Our Secured Notes and mortgage and other indebtedness, net, consisted of the following: March 31, 2022 December 31, 2021 Amount Weighted- Average Interest Rate (1) Amount Weighted- Average Interest Rate (1) Fixed-rate debt at fair value: Secured Notes - at fair value (carrying amount of $395,000 as of March 31, 2022 and December 31, 2021) $ 395,593 10.00 % $ 395,395 10.00 % Fixed-rate debt: Exchangeable senior secured notes — — 150,000 7.00 % Non-recourse loans on operating properties 847,208 4.83 % 916,927 5.04 % Total fixed-rate debt 847,208 4.83 % 1,066,927 5.32 % Variable-rate debt: Secured term loan 864,611 3.75 % 880,091 3.75 % Non-recourse loans on operating properties 66,386 3.45 % 66,911 3.21 % Total variable-rate debt 930,997 3.73 % 947,002 3.71 % Total fixed-rate and variable-rate debt 1,778,205 4.26 % 2,013,929 4.56 % Unamortized deferred financing costs (2,928 ) (1,567 ) Debt discounts (2) (135,808 ) (199,153 ) Total mortgage and other indebtedness, net $ 1,639,469 $ 1,813,209 (1 ) Weighted-average interest rate excludes amortization of deferred financing costs. ( 2 ) In conjunction with fresh start accounting, the Company estimated the fair value of its mortgage notes with the assistance of a third-party valuation advisor. This resulted in recognizing a debt discount on the Effective Date. The debt discount is accreted over the term of the respective debt using the effective interest method. The remaining debt discounts at March 31, 2022 will be accreted over a weighted average period of 3.1 years.
Schedule of Pre-Emergence Principal Payments	As of March 31, 2022, the scheduled principal amortization and balloon payments of the Company’s consolidated debt, excluding extensions available at the Company’s option, on all mortgage and other indebtedness, are as follows: 2022 (1) (2) $ 409,393 2023 215,407 2024 111,867 2025 785,230 2026 137,616 Thereafter 395,000 Total 2,054,513 Principal balance of loans with maturity date prior to March 31, 2022 ( 3 ) 118,692 Total mortgage and other indebtedness $ 2,173,205 (1) Reflects scheduled principal amortization and balloon payments for the fiscal period April 1, 2022 through December 31, 2022. ( 2 ) Subsequent to March 31, 2022, the loan secured by Arbor Place was extended for an additional four years, with a new maturity date of May 2026 Note 14 . ( 3 ) Represents the aggregate principal balance as of March 31, 2022 of the loans secured by Alamance Crossing, Hamilton Crossing and Parkdale Mall & Crossing, which are in default. The Company is in discussions with the lender regarding the loans secured by these properties. March 2021 April 2021 July 2021

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Schedule of Information on Reportable Segments	Information on the Company’s segments is presented as follows: Three Months Ended March 31, 2022 (Successor) Malls (1) All Other (2) Total Revenues (3) $ 121,428 $ 18,674 $ 140,102 Property operating expenses (4) (44,684 ) (3,661 ) (48,345 ) Interest expense (71,159 ) (19,500 ) (90,659 ) Gain on sales of real estate assets — 16 16 Segment profit (loss) $ 5,585 $ (4,471 ) 1,114 Depreciation and amortization (68,943 ) General and administrative (18,074 ) Litigation settlement 81 Interest and other income 155 Gain on deconsolidation 36,250 Reorganization items, net (1,571 ) Income tax provision (801 ) Equity in earnings of unconsolidated affiliates 8,566 Net loss $ (43,223 ) Capital expenditures (5) $ 3,960 $ 1,870 $ 5,830 Three Months Ended March 31, 2021 (Predecessor) Malls (1) All Other (2) Total Revenues (3) $ 119,328 $ 13,856 $ 133,184 Property operating expenses (4) (45,595 ) (3,539 ) (49,134 ) Interest expense (23,170 ) (960 ) (24,130 ) Loss on sales of real estate assets — (299 ) (299 ) Segment profit $ 50,563 $ 9,058 59,621 Depreciation and amortization (48,112 ) General and administrative (12,612 ) Litigation settlement 858 Interest and other income 776 Reorganization items (22,933 ) Loss on impairment (57,182 ) Gain on deconsolidation 55,131 Income tax provision (751 ) Equity in losses of unconsolidated affiliates (3,076 ) Net loss $ (28,280 ) Capital expenditures (5) $ 3,491 $ 637 $ 4,128 Total assets Malls (1) All Other ( 2 ) Total March 31, 2022 $ 1,860,718 $ 988,606 $ 2,849,324 December 31, 2021 $ 1,961,061 $ 984,918 $ 2,945,979 (1) The Malls category includes malls, lifestyle centers and outlet centers. (2) The All Other category includes open-air centers, outparcels, office buildings, self-storage facilities, corporate-level debt and the Management Company. (3) Management, development and leasing fees are included in All Other category. See Note 3 (4) Property operating expenses include property operating, real estate taxes and maintenance and repairs. (5) Includes additions to and acquisitions of real estate assets and investments in unconsolidated affiliates. Developments in progress are included in the All Other category.

Contingencies (Tables)

Contingencies (Tables)	3 Months Ended
	Mar. 31, 2022
Commitments And Contingencies Disclosure [Abstract]
Schedule of Guarantees	The following table represents the Operating Partnership's guarantees of unconsolidated affiliates' debt as reflected in the accompanying condensed consolidated balance sheets as of March 31, 2022 and December 31, 2021: As of March 31, 2022 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) March 31, 2022 December 31, 2021 West Melbourne I, LLC - Phase I 50% $ 38,691 50% $ 19,345 Feb-2025 (2) $ 193 $ 195 West Melbourne I, LLC - Phase II 50% 13,743 50% 6,872 Feb-2025 (2) 69 69 Port Orange I, LLC 50% 51,073 50% 25,536 Feb-2025 (2) 255 258 Ambassador Infrastructure, LLC 65% 7,001 100% 7,001 Mar-2025 82 83 Shoppes at Eagle Point, LLC 50% 33,585 35% (3) 12,740 Oct-2022 127 127 Atlanta Outlet JV, LLC 50% 4,437 100% 4,437 Nov-2023 — — Louisville Outlet Shoppes, LLC 50% 7,947 100% 7,947 Oct-2022 — — Total guaranty liability $ 726 $ 732 (1) Excludes any extension options. (2) These loans have a one-year ( 3 ) The guaranty is for a fixed amount of $12,740 throughout the term of the loan, including any extensions. Subsequent to March 31, 2022, the joint venture entered into a new non-recourse loan, which removed the guaranty. See Note 14 for additional information.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2022
Share Based Compensation [Abstract]
Schedule of Company Stock Awards	A summary of the status of the Company’s nonvested restricted stock awards as of March 31, 2022, and changes during the period from January 1, 2022 through March 31, 2022, are presented below: Shares Weighted- Average Grant-Date Fair Value Per Share Nonvested at January 1, 2022 784,999 $ 27.57 Granted 50,000 $ 27.69 Nonvested at March 31, 2022 834,999 $ 27.58

Noncash Investing and Financi_2

Noncash Investing and Financing Activities (Tables)	3 Months Ended
	Mar. 31, 2022
Supplemental Cash Flow Information [Abstract]
Schedule of Noncash Investing and Financing Activities	The Company’s noncash investing and financing activities were as follows: Successor Predecessor Three Months Ended March 31, Three Months Ended March 31, 2022 2021 Additions to real estate assets accrued but not yet paid $ 11,177 $ 3,190 Deconsolidation upon loss of control (1) Decrease in real estate assets (18,810 ) (84,860 ) Decrease in mortgage and other indebtedness 56,226 134,354 Decrease in operating assets and liabilities 5,686 5,808 Decrease in intangible lease and other assets (6,852 ) (171 ) ( 1 ) See Note 7 for additional information.

Organization and Basis of Pre_3

Organization and Basis of Presentation - Narrative (Details) $ in Thousands		3 Months Ended
		Mar. 31, 2022USD ($)statesubsidiary	Dec. 31, 2021USD ($)
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of states in which entity operates | state		24
Fresh-start reporting, description		Upon the Company’s emergence from the Chapter 11 Cases (defined below), the Company adopted fresh start accounting, which resulted in a new basis of accounting and the Company becoming a new entity for financial reporting purposes. As a result of the application of fresh start accounting and the effects of the implementation of the third amended joint chapter 11 plan of CBL & Associates Properties, Inc. and its affiliated debtors (with technical modifications) (as modified at Docket No. 1521) (the “Plan”), the condensed consolidated financial statements after November 1, 2021 (the “Effective Date”) are not comparable with the condensed consolidated financial statements on or before that date.
Short term property-level debt and related obligations		$ 1,150,000
Mortgage debt obligations		200,000
Remaining short term property-level debt and related obligations		900,000
Other	[1]	$ 5,356	$ 4,793
Mortgage and Other Notes Receivable
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Other			$ 384
Minimum
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Percentage of projected annual operating cash flows		10.00%
Maximum
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Percentage of projected annual operating cash flows		12.00%
Mortgage Debt Payable
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Remaining short term property-level debt and related obligations		$ 474,000
Unconsolidated Affiliates
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Remaining short term property-level debt and related obligations		$ 474,000
Consolidated Properties | CBL Holdings
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Ownership interest in qualified subsidiaries (as a percent)		100.00%
Subsidiaries
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of wholly owned subsidiaries | subsidiary		2
Combined ownership by the subsidiaries in operating partnership (as a percent)		99.90%
Non-controlling limited partner interest ownership of CBL's related parties in the Operating Partnership (as a percent)		0.10%
Subsidiaries | CBL Associates Properties Inc
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Ownership of the sole general partner in partnership (as a percent)		1.00%
Limited partnership interest owned by CBL Holdings II, Inc. in the operating partnership (as a percent)		98.90%
[1]	As of March 31, 2022, includes $254,237 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $142,132 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7

Organization and Basis of Pre_4

Organization and Basis of Presentation - Properties Owned by Operating Partnership (Details)	3 Months Ended
	Mar. 31, 2022malloutlet_centerlifestyle_centeropen-air_centerother_propertypropertysegmentoffice_building
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Malls | mall	50
Outlet Centers | outlet_center	5
Lifestyle Centers | lifestyle_center	5
Open-Air Centers | open-air_center	29
Other | other_property	5
Total Properties | property	94
Malls
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of reportable segments | segment	1
Consolidated Properties
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Malls | mall	41
Outlet Centers | outlet_center	2
Lifestyle Centers | lifestyle_center	4
Open-Air Centers | open-air_center	21
Other | other_property	4
Total Properties | property	72
Consolidated Properties | Subsidiaries
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Office Buildings | office_building	2
Unconsolidated Properties
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Malls | mall	9
Outlet Centers | outlet_center	3
Lifestyle Centers | lifestyle_center	1
Open-Air Centers | open-air_center	8
Other | other_property	1
Total Properties | property	22

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Accounts Receivable (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change in estimate of uncollectable revenues	$ (737)	$ 6,486
Accounts Receivable
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change in estimate of uncollectable revenues	$ 737	6,486
Straight line rent receivables		$ 1,679

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Disaggregation Of Revenue [Line Items]
Rental revenues		$ 135,332	$ 128,175
Revenues from contracts with customers (ASC 606):		3,943	4,116
Total revenues	[1]	140,102	133,184
Operating expense reimbursements
Disaggregation Of Revenue [Line Items]
Revenues from contracts with customers (ASC 606):		2,189	2,156
Management, development and leasing fees
Disaggregation Of Revenue [Line Items]
Revenues from contracts with customers (ASC 606):		1,769	1,659
Marketing revenues
Disaggregation Of Revenue [Line Items]
Revenues from contracts with customers (ASC 606):		(15)	301
Other revenues
Disaggregation Of Revenue [Line Items]
Total revenues		$ 827	$ 893
[1]	Management, development and leasing fees are included in All Other category. See Note 3

Revenues - Remaining Performanc

Revenues - Remaining Performance Obligations (Details) $ in Thousands	Mar. 31, 2022USD ($)
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligation	$ 121,196
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-04-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligation	$ 22,877
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	5 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2027-04-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligation	$ 50,967
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	15 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2042-04-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Remaining performance obligation	$ 47,352
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	20 years

Revenues - Remaining Performa_2

Revenues - Remaining Performance Obligations (Details 1) $ in Thousands	Mar. 31, 2022USD ($)
Revenue From Contract With Customer [Abstract]
Remaining performance obligation	$ 121,196

Leases - Components of Rental R

Leases - Components of Rental Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Fixed lease payments	$ 95,648	$ 71,227
Variable lease payments	39,684	56,948
Total rental revenues	$ 135,332	$ 128,175

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments to be Received (Details) $ in Thousands	Mar. 31, 2022USD ($)
Operating Leases
2022	$ 266,243	[1]
2023	311,345
2024	253,351
2025	196,536
2026	145,634
2027	99,328
Thereafter	225,650
Total undiscounted lease payments	$ 1,498,087
[1]	Reflects rental payments for the fiscal period April 1, 2022 to December 31, 2022.

Fair Value Measurements - Recur

Fair Value Measurements - Recurring Basis (Details) - USD ($) $ in Thousands		Mar. 31, 2022	Dec. 31, 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value of mortgage and other indebtedness		$ 1,854,171	$ 2,059,094
Available-for-sale securities, amortized cost		149,936	149,999
Available-For-Sale Securities Held, Fair Value	[1]	149,975	149,996
U.S Treasury Securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale securities, amortized cost		149,936	149,999
Available-For-Sale Securities Held, unrealized gains/(losses)		39	(3)
Available-For-Sale Securities Held, Fair Value		$ 149,975	$ 149,996
U.S. Treasury securities, maturity date		May 31, 2022
[1]	As of March 31, 2022, includes $254,237 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $142,132 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7

Fair Value Measurements - Secur

Fair Value Measurements - Secured Notes Measured at Fair Value (Details) - Secured Notes - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying amount	$ 395,000	$ 395,000
10% senior secured notes - at fair value (carrying amount of $395,000 as of March 31, 2022 and December 31, 2021, respectively)	395,593	395,395
Change in Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
10% senior secured notes - at fair value (carrying amount of $395,000 as of March 31, 2022 and December 31, 2021, respectively)	$ 593	$ 395

Fair Value Measurements - Long-

Fair Value Measurements - Long-Lived Assets Measured at Fair Value (Details)	3 Months Ended
	Mar. 31, 2021USD ($)mall	Mar. 31, 2022USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	$ 38,500,000
Loss on impairment	$ 57,182,000
Number of malls with impairment | mall	3
Malls
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	$ 38,500,000
Loss on impairment	57,182,000
Significant Unobservable Inputs (Level 3)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	38,500,000
Greenbrier Mall
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value		$ 0
Eastland Mall | Malls
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	10,700,000
Loss on impairment	$ 13,243,000
Eastland Mall | Malls | Measurement Input, Expected Term
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Holding period	9 years
Eastland Mall | Malls | Cap Rate (as a percent)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value measurement input (as a percent)	14
Eastland Mall | Malls | Discount Rate (as a percent)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value measurement input (as a percent)	15
Old Hickory Mall | Malls
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	$ 12,400,000
Loss on impairment	$ 20,149,000
Old Hickory Mall | Malls | Measurement Input, Expected Term
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Holding period	9 years
Old Hickory Mall | Malls | Cap Rate (as a percent)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value measurement input (as a percent)	13
Old Hickory Mall | Malls | Discount Rate (as a percent)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value measurement input (as a percent)	14
Stroud Mall | Malls
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	$ 15,400,000
Loss on impairment	$ 23,790,000
Stroud Mall | Malls | Measurement Input, Expected Term
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Holding period	9 years
Stroud Mall | Malls | Cap Rate (as a percent)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value measurement input (as a percent)	11.75
Stroud Mall | Malls | Discount Rate (as a percent)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value measurement input (as a percent)	12.5
Asheville Mall and Park Plaza
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	$ 0

Dispositions - Summary (Details

Dispositions - Summary (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Gain) loss on sales of real estate assets	$ (16)	$ 299
Outparcel Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Gain) loss on sales of real estate assets	$ 299

Unconsolidated Affiliates and_3

Unconsolidated Affiliates and Noncontrolling Interests - Narrative (Details) $ in Thousands	1 Months Ended		3 Months Ended
	Apr. 30, 2022USD ($)	Mar. 31, 2022USD ($)entity	Mar. 31, 2022USD ($)entity	Mar. 31, 2021USD ($)
Schedule Of Equity Method Investments [Line Items]
Number of entities - equity method of accounting (entity) | entity		27	27
Number of 50/50 joint ventures | entity		14	14
Gain on deconsolidation			$ 36,250	$ 55,131
Fair value carrying amount		$ 2,054,513	2,054,513
Subsequent Event
Schedule Of Equity Method Investments [Line Items]
Loan agreement term	10 years
Bullseye, LLC
Schedule Of Equity Method Investments [Line Items]
Gross proceeds from sale of property		10,500
Net profit from sale of property		629
Greenbrier Mall
Schedule Of Equity Method Investments [Line Items]
Loan outstanding balance		61,647	61,647
Gain on deconsolidation		$ 36,250
Shoppes at Eagle Point, LLC | Subsequent Event | Nonrecourse
Schedule Of Equity Method Investments [Line Items]
Fair value carrying amount	$ 40,000
Loan agreement term	10 years
York Town Center Holding, LP
Schedule Of Equity Method Investments [Line Items]
Loan agreement term		18 months
York Town Center Holding, LP | Nonrecourse | Mortgage Note Payable
Schedule Of Equity Method Investments [Line Items]
Fair value carrying amount		$ 30,000	$ 30,000
Loan agreement term		3 years
Debt Instrument, Interest Rate, Effective Percentage		4.75%	4.75%
Minimum
Schedule Of Equity Method Investments [Line Items]
Ownership interest in joint venture (as a percent)		20.00%	20.00%
Ownership in variable interest entity (as a percent)			50.00%
Maximum
Schedule Of Equity Method Investments [Line Items]
Ownership interest in joint venture (as a percent)		100.00%	100.00%
Ownership in variable interest entity (as a percent)			92.00%

Unconsolidated Affiliates and_4

Unconsolidated Affiliates and Noncontrolling Interests -Summarized Financial Information (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
ASSETS:
Investment in real estate assets	[1]	$ 1,755,769		$ 1,772,389
Accumulated depreciation	[1]	(49,188)		(19,939)
Net investment in real estate assets	[1]	1,725,074		1,769,115
Developments in progress	[1]	18,493		16,665
Total assets	[1]	2,849,324		2,945,979
LIABILITIES:
Mortgage and other indebtedness, net		1,639,469		1,813,209
Total liabilities		2,335,981		2,544,879
OWNERS' EQUITY:
The Company		510,800		396,199
Noncontrolling interests		2,543		4,901
Total equity		513,343	$ 506,618	401,100	$ 534,297
Total liabilities, redeemable noncontrolling interests and equity		2,849,324		2,945,979
Total revenues	[2]	140,102	133,184
Net loss		(43,223)	(28,280)
BI Development II, LLC
ASSETS:
Investment in real estate assets		2,048,670		2,364,154
Accumulated depreciation		(791,622)		(934,374)
Net investment in real estate assets		1,257,048		1,429,780
Developments in progress		6,717		7,288
Net investment in real estate assets		1,263,765		1,437,068
Other assets		197,179		188,683
Total assets		1,460,944		1,625,751
LIABILITIES:
Mortgage and other indebtedness, net		1,501,094		1,452,794
Other liabilities		62,755		64,598
Total liabilities		1,563,849		1,517,392
OWNERS' EQUITY:
The Company		17,238		102,792
Noncontrolling interests		(120,143)		5,567
Total equity		(102,905)		108,359
Total liabilities, redeemable noncontrolling interests and equity		1,460,944		$ 1,625,751
Total revenues		63,737	58,756
Net loss	[3]	$ 20,678	$ (3,321)
[1]	As of March 31, 2022, includes $254,237 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $142,132 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7
[2]	Management, development and leasing fees are included in All Other category. See Note 3
[3]	The Successor Company's pro rata share of net income is $8,566 for the three months ended March 31, 2022. The Predecessor Company’s pro rata share of net loss is

Unconsolidated Affiliates and_5

Unconsolidated Affiliates and Noncontrolling Interests - Summarized Financial Information (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule Of Equity Method Investments [Line Items]
Equity in earnings (losses) of unconsolidated affiliates	$ 8,566	$ (3,076)
BI Development II, LLC
Schedule Of Equity Method Investments [Line Items]
Equity in earnings (losses) of unconsolidated affiliates	$ 8,566	$ (3,076)

Unconsolidated Affiliates and_6

Unconsolidated Affiliates and Noncontrolling Interests - Variable Interest Entities (Details) - USD ($) $ in Thousands		Mar. 31, 2022	Dec. 31, 2021
Schedule Of Equity Method Investments [Line Items]
Variable interest asset entities	[1]	$ 2,849,324	$ 2,945,979
Unconsolidated VIEs
Schedule Of Equity Method Investments [Line Items]
Variable interest asset entities		26,388
Maximum Risk of Loss, Unconsolidated		58,513
Unconsolidated VIEs | Ambassador Infrastructure, LLC
Schedule Of Equity Method Investments [Line Items]
Maximum Risk of Loss, Unconsolidated	[2]	7,001
Unconsolidated VIEs | Atlanta Outlet JV, LLC
Schedule Of Equity Method Investments [Line Items]
Variable interest asset entities	[2]	881
Maximum Risk of Loss, Unconsolidated	[2]	5,318
Unconsolidated VIEs | El Paso Outlet Center Holding, LLC
Schedule Of Equity Method Investments [Line Items]
Variable interest asset entities		285
Maximum Risk of Loss, Unconsolidated		285
Unconsolidated VIEs | Fremaux Town Center JV, LLC
Schedule Of Equity Method Investments [Line Items]
Variable interest asset entities		2,052
Maximum Risk of Loss, Unconsolidated		2,052
Unconsolidated VIEs | Louisville Outlet Shoppes, LLC
Schedule Of Equity Method Investments [Line Items]
Maximum Risk of Loss, Unconsolidated	[2]	7,947
Unconsolidated VIEs | Shoppes at Eagle Point, LLC
Schedule Of Equity Method Investments [Line Items]
Variable interest asset entities	[2],[3]	21,058
Maximum Risk of Loss, Unconsolidated	[2],[3]	33,798
Unconsolidated VIEs | Vision-CBL Hamilton Place, LLC
Schedule Of Equity Method Investments [Line Items]
Variable interest asset entities		2,112
Maximum Risk of Loss, Unconsolidated		$ 2,112
[1]	As of March 31, 2022, includes $254,237 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $142,132 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7
[2]	The Operating Partnership has guaranteed all or a portion of the debt of each of these VIEs. See Note 11
[3]	Subsequent to March 31, 2022, the guaranty was removed. See Note 14

Mortgage and Other Indebtedne_3

Mortgage and Other Indebtedness, Net - Debt of Operating Partnership (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
New secured notes		$ 395,593	$ 395,395
Mortgage notes payable		847,208	1,066,927
Mortgage and other indebtedness, variable-rate debt		930,997	947,002
Total fixed-rate and variable-rate debt		1,778,205	2,013,929
Unamortized deferred financing costs		(2,928)	(1,567)
Debt discounts	[1]	(135,808)	(199,153)
Total mortgage and other indebtedness, net		$ 1,639,469	$ 1,813,209
Secured Notes - at fair value (carrying amount of $395,000 as of March 31, 2022 and December 31, 2021)	[2]	10.00%	10.00%
Weighted average interest rate (as a percent)	[2]	4.26%	4.56%
Fair value carrying amount		$ 2,054,513
Five Mortgage Notes Payable
Debt Instrument [Line Items]
Remaining debt discount amortization period		3 years 1 month 6 days
Fixed Rate Interest
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	[2]	4.83%	5.32%
Variable Rate Interest
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	[2]	3.73%	3.71%
Exchangeable Senior Secured Notes
Debt Instrument [Line Items]
Mortgage notes payable			$ 150,000
Exchangeable Senior Secured Notes | Fixed Rate Interest
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	[2]		7.00%
Non-Recourse Loans on Operating Properties
Debt Instrument [Line Items]
Mortgage notes payable		$ 847,208	$ 916,927
Mortgage and other indebtedness, variable-rate debt		$ 66,386	$ 66,911
Non-Recourse Loans on Operating Properties | Fixed Rate Interest
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	[2]	4.83%	5.04%
Non-Recourse Loans on Operating Properties | Variable Rate Interest
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	[2]	3.45%	3.21%
Secured Term Loan
Debt Instrument [Line Items]
Mortgage and other indebtedness, variable-rate debt		$ 864,611	$ 880,091
Secured Term Loan | Variable Rate Interest
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	[2]	3.75%	3.75%
Secured Notes
Debt Instrument [Line Items]
Fair value carrying amount		$ 395,000	$ 395,000
[1]	In conjunction with fresh start accounting, the Company estimated the fair value of its mortgage notes with the assistance of a third-party valuation advisor. This resulted in recognizing a debt discount on the Effective Date. The debt discount is accreted over the term of the respective debt using the effective interest method. The remaining debt discounts at March 31, 2022 will be accreted over a weighted average period of 3.1 years.
[2]	Weighted-average interest rate excludes amortization of deferred financing costs.

Mortgage and Other Indebtedne_4

Mortgage and Other Indebtedness, Net - Pre-Emergence Debt of Operating Partnership (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
New secured notes	$ 395,593	$ 395,395

Mortgage and Other Indebtedne_5

Mortgage and Other Indebtedness, Net - Narrative (Details) - USD ($)	Nov. 01, 2021	Apr. 30, 2022	Feb. 28, 2022	Mar. 31, 2022	Feb. 01, 2022	Jan. 28, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Fair value carrying amount				$ 2,054,513,000
Common stock, par value (USD per share)				$ 0.001			$ 0.001
Common stock issued (shares)				31,807,511			20,774,716
Exit Credit Agreement | First Year
Debt Instrument [Line Items]
Principal liability cap reduction percentage	100.00%
Principal amortization payments	$ 2,500,000
Exit Credit Agreement | Excess of First Year
Debt Instrument [Line Items]
Principal liability cap reduction percentage	50.00%
Exit Credit Agreement | Senior Secured Term Loan
Debt Instrument [Line Items]
Debt instrument, maturity date	Nov. 1, 2025
Fair value carrying amount	$ 883,700,000
Principal liability cap				$ 160,661,000
Limited guarantee description				The Principal Liability Cap is eliminated when the loan balance is reduced below $650,000.
Limited guaranty eliminated loan balance reduced amount				$ 650,000,000
Debt Instrument, covenant description				On November 1, 2021, CBL & Associates HoldCo I, LLC (“HoldCo I”), a wholly owned subsidiary of the Operating Partnership, entered into an amended and restated credit agreement (the “Exit Credit Agreement”), providing for an $883,700 senior secured term loan that matures November 1, 2025. The Operating Partnership provided a limited guaranty up to a maximum of $175,000 (the “Principal Liability Cap”). The Principal Liability Cap will be reduced by an amount equal to 100% of the first $2,500 in principal amortization made by HoldCo I each calendar year and will be reduced further by 50% of the principal amortization payments made by HoldCo I each calendar year in excess of the first $2,500 in principal amortization for such calendar year. As of March 31, 2022, the Principal Liability Cap had been reduced to $160,661. The Principal Liability Cap is eliminated when the loan balance is reduced below $650,000.
Exit Credit Agreement | Senior Secured Term Loan | Maximum
Debt Instrument [Line Items]
Undiscounted maximum exposure	$ 175,000,000
Secured Notes Indenture | 10% Senior Secured Notes Due 2029
Debt Instrument [Line Items]
Redemption of aggregate principal amount		$ 60,000,000
Secured Notes Indenture | 7.0% Exchangeable Senior Secured Notes Due 2028
Debt Instrument [Line Items]
Fair value carrying amount						$ 150,000,000	$ 150,000,000
Common stock, par value (USD per share)					$ 0.001
Common stock issued (shares)					10,982,795
Cross Creek Mall
Debt Instrument [Line Items]
Loan outstanding balance				$ 101,077,000
Fayette Mall
Debt Instrument [Line Items]
Interest rate percentage			4.25%
Debt instrument, maturity date			May 31, 2023
Debt instrument, maturity date, description			three one-year extension options

Mortgage and Other Indebtedne_6

Mortgage and Other Indebtedness, Net- Scheduled Principal Payments (Details) $ in Thousands	Apr. 01, 2022	May 31, 2022	Apr. 30, 2022	Feb. 28, 2022	Mar. 31, 2022USD ($)loan	Dec. 31, 2021USD ($)
Debt Instrument [Line Items]
2022					$ 409,393
2023					215,407
2024					111,867
2025					785,230
2026					137,616
Thereafter					395,000
Total					2,054,513
Mortgage and other indebtedness, net					1,639,469	$ 1,813,209
Subsequent Event
Debt Instrument [Line Items]
Debt instrument, maturity date			Oct. 31, 2022
Loan agreement term			10 years
Parkdale Mall & Crossing
Debt Instrument [Line Items]
Mortgage and other indebtedness, net					$ 68,662
Debt instrument, maturity date					Mar. 31, 2021
Hamilton Crossing
Debt Instrument [Line Items]
Mortgage and other indebtedness, net					$ 7,780
Debt instrument, maturity date					Apr. 30, 2021
Fayette Mall
Debt Instrument [Line Items]
Debt instrument, maturity date				May 31, 2023
Alamance Crossing
Debt Instrument [Line Items]
Mortgage and other indebtedness, net					$ 42,250
Debt instrument, maturity date					Jul. 31, 2021
Arbor Place | Subsequent Event
Debt Instrument [Line Items]
Debt instrument, maturity date	May 31, 2026	May 31, 2026
Loan agreement term	4 years	4 years
Mortgages
Debt Instrument [Line Items]
Total mortgage and other indebtedness					$ 2,173,205
Operating Property Loan
Debt Instrument [Line Items]
2022					$ 362,722
Number of operating property loans (loan) | loan					6
Operating Property Loan | Mortgages
Debt Instrument [Line Items]
Principal balance of loans with maturity date prior to March 31, 2022					$ 118,692

Segment Information - Summary (

Segment Information - Summary (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total revenues	[1]	$ 140,102	$ 133,184
Property operating expenses	[2]	(48,345)	(49,134)
Interest expense		(90,659)	(24,130)
Gain (loss) on sales of real estate assets		16	(299)
Segment profit (loss)		1,114	59,621
Depreciation and amortization		(68,943)	(48,112)
General and administrative		(18,074)	(12,612)
Litigation settlement		81	858
Interest and other income		155	776
Gain on deconsolidation		36,250	55,131
Reorganization items, net		(1,571)	(22,933)
Loss on impairment			(57,182)
Income tax provision		(801)	(751)
Equity in earnings (losses) of unconsolidated affiliates		8,566	(3,076)
Net loss		(43,223)	(28,280)
Capital expenditures	[3]	5,830	4,128
Total Assets	[4]	2,849,324		$ 2,945,979
Malls
Segment Reporting Information [Line Items]
Total revenues	[1],[5]	121,428	119,328
Property operating expenses	[2],[5]	(44,684)	(45,595)
Interest expense	[5]	(71,159)	(23,170)
Segment profit (loss)	[5]	5,585	50,563
Capital expenditures	[3],[5]	3,960	3,491
Total Assets	[5]	1,860,718		1,961,061
All Other
Segment Reporting Information [Line Items]
Total revenues	[1],[6]	18,674	13,856
Property operating expenses	[2],[6]	(3,661)	(3,539)
Interest expense	[6]	(19,500)	(960)
Gain (loss) on sales of real estate assets	[6]	16	(299)
Segment profit (loss)	[6]	(4,471)	9,058
Capital expenditures	[3],[6]	1,870	$ 637
Total Assets	[6]	$ 988,606		$ 984,918
[1]	Management, development and leasing fees are included in All Other category. See Note 3
[2]	Property operating expenses include property operating, real estate taxes and maintenance and repairs.
[3]	Includes additions to and acquisitions of real estate assets and investments in unconsolidated affiliates. Developments in progress are included in the All Other category.
[4]	As of March 31, 2022, includes $254,237 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $142,132 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7
[5]	The Malls category includes malls, lifestyle centers and outlet centers.
[6]	The All Other category includes open-air centers, outparcels, office buildings, self-storage facilities, corporate-level debt and the Management Company.

Earnings per Share - Narrative

Earnings per Share - Narrative (Details) - Common Stock - shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Potentially dilutive securities excluded from the computation of EPS (shares)	0	0
Antidilutive securities excluded from the computation of EPS (shares)	0	0

Contingencies - Environmental C

Contingencies - Environmental Contingencies (Details)	3 Months Ended
	Mar. 31, 2022USD ($)
Commitments And Contingencies Disclosure [Abstract]
Environmental liability insurance, maximum coverage per incident (up to)	$ 10,000
Environmental liability insurance, annual coverage limit (up to)	$ 50,000

Contingencies - Guarantees (Det

Contingencies - Guarantees (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Guarantor Obligations [Line Items]
Obligation Recorded to Reflect Guaranty	$ 726	$ 732
Shoppes at Eagle Point, LLC
Guarantor Obligations [Line Items]
Maximum Guaranteed Amount	$ 12,740
Ambassador Infrastructure, LLC
Guarantor Obligations [Line Items]
Company's Ownership Interest (as a percent)	65.00%
Outstanding Balance	$ 7,001
Percentage Guaranteed by the Operating Partnership (as a percent)	100.00%
Maximum Guaranteed Amount	$ 7,001
Obligation Recorded to Reflect Guaranty	$ 82	83
West Melbourne I, LLC - Phase I
Guarantor Obligations [Line Items]
Company's Ownership Interest (as a percent)	50.00%
Outstanding Balance	$ 38,691
Percentage Guaranteed by the Operating Partnership (as a percent)	50.00%
Maximum Guaranteed Amount	$ 19,345
Obligation Recorded to Reflect Guaranty	$ 193	195
West Melbourne I, LLC - Phase II
Guarantor Obligations [Line Items]
Company's Ownership Interest (as a percent)	50.00%
Outstanding Balance	$ 13,743
Percentage Guaranteed by the Operating Partnership (as a percent)	50.00%
Maximum Guaranteed Amount	$ 6,872
Obligation Recorded to Reflect Guaranty	$ 69	69
Port Orange I, LLC
Guarantor Obligations [Line Items]
Company's Ownership Interest (as a percent)	50.00%
Outstanding Balance	$ 51,073
Percentage Guaranteed by the Operating Partnership (as a percent)	50.00%
Maximum Guaranteed Amount	$ 25,536
Obligation Recorded to Reflect Guaranty	$ 255	258
Shoppes at Eagle Point, LLC
Guarantor Obligations [Line Items]
Company's Ownership Interest (as a percent)	50.00%
Outstanding Balance	$ 33,585
Percentage Guaranteed by the Operating Partnership (as a percent)	35.00%
Maximum Guaranteed Amount	$ 12,740
Obligation Recorded to Reflect Guaranty	$ 127	$ 127
Atlanta Outlet Outparcels, LLC
Guarantor Obligations [Line Items]
Company's Ownership Interest (as a percent)	50.00%
Outstanding Balance	$ 4,437
Percentage Guaranteed by the Operating Partnership (as a percent)	100.00%
Maximum Guaranteed Amount	$ 4,437
Louisville Outlet Shoppes, LLC
Guarantor Obligations [Line Items]
Company's Ownership Interest (as a percent)	50.00%
Outstanding Balance	$ 7,947
Percentage Guaranteed by the Operating Partnership (as a percent)	100.00%
Maximum Guaranteed Amount	$ 7,947
West Melbourne I LLC Phase I, West Melbourne I LLC Phase II and Port Orange I, LLC
Guarantor Obligations [Line Items]
Option extension term of debt instrument	1 year

Share-Based Compensation - Summ

Share-Based Compensation - Summary (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended
	Feb. 28, 2022	Mar. 31, 2022	Mar. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation cost		$ 2,743
Weighted-Average Grant Date Fair Value
Shared-based compensation expense		$ 2,743
2021 Equity Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares authorized (shares)		3,222,222
Percentage released stock awards granted		3.00%
Restricted Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation cost		$ 1,622	$ 297
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested, beginning of period (shares)		784,999
Granted (shares)		50,000
Nonvested, end of period (shares)		834,999
Weighted-Average Grant Date Fair Value
Weighted average grant-date fair value, nonvested, beginning of period (USD per share)		$ 27.57
Weighted average grant-date fair value, granted (USD per share)		27.69
Weighted average grant-date fair value, nonvested, ending of period (USD per share)		$ 27.58
Unrecognized compensation cost related to nonvested stock awards		$ 21,106
Compensation cost to be recognized over a weighted-average period		3 years 6 months
Granted (shares)		50,000
weighted-average grant date fair value		$ 27.58
Shared-based compensation expense		$ 1,622	297
Performance Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation cost		1,121	94
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted (shares)	727,223
Weighted-Average Grant Date Fair Value
Weighted average grant-date fair value, nonvested, ending of period (USD per share)	$ 24.67
Unrecognized compensation cost related to nonvested stock awards		$ 16,821
Compensation cost to be recognized over a weighted-average period		3 years 9 months 18 days
Performance period	4 years
Percentage of outstanding shares would be earned upon achievement of stated goal		50.00%
Granted (shares)	727,223
weighted-average grant date fair value	$ 24.67
Shared-based compensation expense		$ 1,121	$ 94

Noncash Investing and Financi_3

Noncash Investing and Financing Activities - Summary (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Other Significant Noncash Transactions [Line Items]
Additions to real estate assets accrued but not yet paid	$ 11,177	$ 3,190
Deconsolidation Upon Loss of Control
Other Significant Noncash Transactions [Line Items]
Decrease in real estate assets	(18,810)	(84,860)
Decrease in mortgage and other indebtedness	56,226	134,354
Decrease in operating assets and liabilities	5,686	5,808
Decrease in intangible lease and other assets	$ (6,852)	$ (171)

Subsequent Events - Narrative (

Subsequent Events - Narrative (Details) - USD ($) $ in Thousands		Apr. 01, 2022	May 31, 2022	Apr. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Subsequent Event [Line Items]
Available-For-Sale Securities Held, Fair Value	[1]				$ 149,975	$ 149,996
Secured Notes Indenture | 10% Senior Secured Notes Due 2029
Subsequent Event [Line Items]
Redemption of aggregate principal amount				$ 60,000
Debt instrument, redemption description					In April 2022, HoldCo II delivered a conditional notice of redemption to holders of the Secured Notes, pursuant to the terms of the indenture governing the Secured Notes, to redeem $60,000 aggregate principal amount of the Secured Notes on May 26, 2022. The redemption is conditioned upon the receipt by HoldCo II of cash proceeds from a new debt financing. There can be no assurances as to when or if such condition will be satisfied and HoldCo II may waive the condition at its discretion.
U.S Treasury Securities
Subsequent Event [Line Items]
Available-For-Sale Securities Held, Fair Value					$ 149,975	$ 149,996
Subsequent Event
Subsequent Event [Line Items]
Non-recourse loan amount				$ 40,000
Debt instrument, term				10 years
Loan, fixed interest rate				5.40%
Partial recourse loan amount				$ 33,585
Debt instrument, maturity date				Oct. 31, 2022
Subsequent Event | Arbor Place
Subsequent Event [Line Items]
Debt instrument, term		4 years	4 years
Loan, fixed interest rate			5.10%
Debt instrument, maturity date		May 31, 2026	May 31, 2026
Subsequent Event | Secured Notes Indenture | 10% Senior Secured Notes Due 2029
Subsequent Event [Line Items]
Redemption of aggregate principal amount				$ 60,000
Subsequent Event | U.S Treasury Securities
Subsequent Event [Line Items]
Debt instrument, maturity date			Nov. 30, 2022
Available-For-Sale Securities Held, Fair Value			$ 148,965
[1]	As of March 31, 2022, includes $254,237 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $142,132 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7