CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
CBL & Associates Properties, Inc. (NYSE: CBL) today announced the
appointment of Kathleen Nelson to its Board of Directors. Ms. Nelson
will be filling the vacancy resulting from the retirement of Martin J.
Cleary from CBL's Board of Directors in May 2009.
Ms. Nelson has an extensive background in commercial real estate and
financial services with over 40 years of experience including 36 years
at TIAA-CREF. Ms. Nelson held the position of Managing Director/Group
Leader and Chief Administrative Officer for TIAA-CREF's Mortgage and
Real Estate Division. TIAA's mortgage and real estate portfolio totaled
over $53.0 billion and was invested in all sectors of real estate, of
which approximately 25% was invested in retail. Ms. Nelson developed and
staffed TIAA's Real Estate Research Department and created the
pre-eminent commercial mortgage loan sales model for TIAA, generating
over $10.0 billion in mortgage sales. She retired from this position in
2004 and currently serves as President and Founder of KMN Associates LLC
("KMN"), a commercial real estate investment advisory and consulting
firm. KMN advises clients in a variety of commercial real estate
transactions including portfolio strategy and capital sourcing.
Ms. Nelson served as the International Council of Shopping Centers'
("ICSC") 44th Chairman for the 2003-04 term, has been an ICSC Trustee
since 1991, and served as the Treasurer and Chairman for the 1996 ICSC
Annual Convention. She also is the Chairman of the ICSC Audit Committee
and is a member of various other committees. Ms. Nelson serves on the
Board of Advisors to the Rand Institute Center for Terrorism Risk
Management Policy, is a member of the Castagna Realty Company Advisory
Board and serves on the Board of the Greater Jamaica Development
Corporation. She is a member of the Anglo American Real Property
Institute, Urban Land Institute, Real Estate Board of New York, Mortgage
Bankers Association, and the New York City Investment Fund - Retail
Sector Group. Ms. Nelson is a graduate of Indiana University with a B.S.
in Real Estate, the University of Chicago Executive Management Program,
and the Aspen Institute Leadership Seminar.
"Kathleen is a great addition to our Board of Directors. Her skill set
and knowledge will complement and reinforce the strengths of our Board,"
stated Charles B. Lebovitz, chairman and chief executive officer of CBL
& Associates Properties, Inc. "Kathleen's experience managing TIAA's
multi-billion dollar commercial real estate portfolio as well as her
extensive work with ICSC and other industry organizations provide her
with a knowledge base that will serve as a tremendous asset to the
organization. She is recognized and respected throughout the industry as
a true expert in her field and we are pleased to have her join our Board
of Directors."
About CBL & Associates Properties, Inc.
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 159 properties, including 88 regional malls/open-air centers.
The properties are located in 27 states and total 86.0 million square
feet including 2.2 million square feet of non-owned shopping centers
managed for third parties. CBL currently has five projects under
construction totaling 2.4 million square feet including Settlers Ridge
in Pittsburgh, PA; The Pavilion at Port Orange in Port Orange, FL; The
Promenade in D'Iberville, MS; and two lifestyle/associated centers.
Headquartered in Chattanooga, TN, CBL has regional offices in Boston
(Waltham), MA, Dallas, TX, and St. Louis, MO. Additional information can
be found at cblproperties.com
Source: CBL & Associates Properties, Inc.
Contact: CBL & Associates Properties, Inc.
Katie Reinsmidt, 423-490-8301
Vice President - Corporate Communications and Investor Relations
katie_reinsmidt@cblproperties.com