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CBL Announces Acquisition of Dakota Square Mall in Minot, ND

CBL & Associates Properties, Inc. (NYSE: CBL), today announced the acquisition of Dakota Square Mall in Minot, ND. CBL acquired the property from the Lightstone Group.

Dakota Square Mall was acquired for a total consideration of $91.475 million, including the assumption of a $59.0 million loan. The loan matures in November 2016 and bears a fixed interest rate of 6.23%.

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