<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001074034</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0000910612</issuerCik>
      <issuerName>CBL &amp; Associates Properties, Inc.</issuerName>
      <secFileNumber>001-12494</secFileNumber>
      <issuerAddress>
        <com:street1>2030 Hamilton Place Blvd</com:street1>
        <com:street2>Suite 500</com:street2>
        <com:city>Chattanooga</com:city>
        <com:stateOrCountry>TN</com:stateOrCountry>
        <com:zipCode>37421-6000</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>1-423-855-0001</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>CANYON CAPITAL ADVISORS LLC</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>IA to Funds Owning &gt; 25% of Stock</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Wells Fargo Securities, LLC</name>
        <address>
          <com:street1>500 West 33rd Street</com:street1>
          <com:city>New York</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10001</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>1050000</noOfUnitsSold>
      <aggregateMarketValue>48762000.00</aggregateMarketValue>
      <noOfUnitsOutstanding>30944758</noOfUnitsOutstanding>
      <approxSaleDate>05/22/2026</approxSaleDate>
      <securitiesExchangeName>N/A</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <acquiredDate>11/02/2021</acquiredDate>
      <natureOfAcquisitionTransaction>Bankruptcy Restructure</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer in Bankruptcy</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>4396410</amountOfSecuritiesAcquired>
      <paymentDate>11/02/2021</paymentDate>
      <natureOfPayment>N/A - Received as Bankruptcy Consideration</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <remarks>Name of person for whose account the securities are to be sold - Canyon Capital Advisors LLC, as Investment Advisor to entities holding securities as set forth below.

Relationship to Issuer - Investment Advisor to entities which in the aggregate hold more than 25 percent of the common stock of the Issuer.

Canyon Balanced Master Fund, Ltd. - 301,464 Shares.
Canyon ESG Master Fund, L.P. - 106,309 Shares
The Canyon Value Realization Master Fund, L.P. - 532,946 Shares
Canyon Value Realization Fund, L.P. - 109,281 Shares</remarks>
    <noticeSignature>
      <noticeDate>05/22/2026</noticeDate>
      <signature>Jonathan M. Kaplan</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
