CBL & Associates Properties, Inc. (NYSE:CBL) announced today that Katie Reinsmidt has been appointed executive vice president – chief investment officer. As CIO, Reinsmidt will be responsible for formulating and executing CBL’s investment strategy, overseeing the acquisition and disposition team as well as the Company’s investor outreach and communications.

“Katie has an outstanding reputation within the investment community, with our banks and with other financial partners. She is highly regarded within the CBL organization for her strong leadership and financial expertise,” said Stephen Lebovitz, president & chief executive officer. “Over her 13-years with CBL, she has become an increasingly valued contributor to the executive team, lending her strategic thinking and creativity to our decision-making process. We are pleased to recognize her accomplishments with this well-deserved promotion.”

Reinsmidt joined CBL in 2004 as director – investor relations and since that time has advanced through the organization, most recently serving as senior vice president – investor relations/corporate investments. Prior to joining CBL, she served as associate analyst at A.G. Edwards & Sons at its corporate headquarters in St. Louis, MO, where she provided research coverage for retail, healthcare and lodging REITs. Reinsmidt also serves as vice-chairman of the City of Chattanooga General Pension Plan.

About CBL & Associates Properties, Inc.

Headquartered in Chattanooga, TN, CBL is one of the largest and most active owners and developers of malls and shopping centers in the United States. CBL owns, holds interests in or manages 128 properties, including 84 regional malls/open-air centers. The properties are located in 29 states and total 79.1 million square feet including 7.0 million square feet of non-owned shopping centers managed for third parties. Additional information can be found at cblproperties.com.

Forward-Looking Statements

Information included herein contains “forward-looking statements” within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company’s various filings with the Securities and Exchange Commission, including without limitation the Company’s Annual Report on Form 10-K and the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included therein, for a discussion of such risks and uncertainties.