CBL Properties announced on October 24, 2025 that it had closed the sale of its interest in the Fremaux Town Center, a roughly 640,000‑sq‑ft open‑air shopping center located in Slidell, Louisiana. The transaction generated $30.77 million in net cash proceeds and eliminated $35.0 million of property‑specific debt, yielding an 8.2% cap rate for the asset. CEO Stephen D. Lebovitz said the sale simplifies the company’s ownership structure by reducing joint‑venture exposure and provides cash to pursue higher‑yield opportunities, including future acquisitions and share repurchase activity.
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