CBL Properties Announces Appointment of Michael I. Lebovitz as President

CBL Properties CBL announced the appointment of Michael I. Lebovitz as President of the Company, effective immediately.

"I am thrilled to recognize Michael's many contributions as well as his increased role in implementing CBL's strategy and future growth with this promotion," said Stephen Lebovitz, Chief Executive Officer. "Michael has always had a true passion for the real estate business. Over the last several years, he has demonstrated his proactive leadership, overseeing a number of key initiatives including our transformative redevelopment program, advancements in technology and business processes and improvements to our corporate HR practices and culture. He is never satisfied with status quo and that drive will be invaluable as we work together to achieve our immediate and longer term goals for CBL."

Michael Lebovitz joined CBL's predecessor in 1988. He has spent much of his three decade career with CBL heading the development division, including supervising construction and other development-related functions. As CBL's new development program slowed, Lebovitz shifted the Company's focus towards redevelopment allowing a seamless transition to pursue growth opportunities within CBL's existing portfolio. In addition, he oversees CBL's Information Technology division as well as human resources. Lebovitz first joined CBL as a project manager for CoolSprings Galleria in Nashville, Tennessee, overseeing the construction of one of CBL's most productive assets. He has also served as Executive Vice President – Development and Administration, Senior Vice President - Chief Development Officer, Senior Vice President – Mall Projects and Vice President - Development. Prior to joining CBL, he was affiliated with Goldman, Sachs & Co. from 1986 to 1988. He is a member of the International Council of Shopping Centers. Lebovitz is also active in a number of community organizations including serving on the national boards of Jewish Federations of North America, United Israel Appeal, and United Way of Greater Chattanooga. He is also past president of the Jewish Community Federation of Greater Chattanooga, a past member of the national board of Hillel, a past board member of the American Jewish Joint Distribution Committee, formerly served on the council and executive committee of the United States Holocaust Memorial Museum in Washington, DC, and was National Campaign Chair for the Jewish Federations of North America from 2010 to 2011. He graduated from University of Texas with a BBA.

About CBL Properties

Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL's portfolio is comprised of 117 properties totaling 73.4 million square feet across 26 states, including 75 high-quality enclosed, outlet and open-air retail centers and 13 properties managed for third parties. CBL continuously strengthens its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties. For more information visit cblproperties.com.

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