<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<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>
<street1 xmlns="http://www.sec.gov/edgar/common">2030 Hamilton Place Blvd</street1>
<street2 xmlns="http://www.sec.gov/edgar/common">Suite 500</street2>
<city xmlns="http://www.sec.gov/edgar/common">Chattanooga</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">TN</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">37421-6000</zipCode>
</issuerAddress>
<issuerContactPhone>1-423-855-0001</issuerContactPhone>
<nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Canyon Capital Advisors LLC</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
<relationshipsToIssuer>
<relationshipToIssuer>IA to Funds Owning &gt; 20% of Stock</relationshipToIssuer>
</relationshipsToIssuer>
</issuerInfo>
<securitiesInformation>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<brokerOrMarketmakerDetails>
<name>Goldman Sachs &amp; Co. LLC</name>
<address>
<street1 xmlns="http://www.sec.gov/edgar/common">200 West Street</street1>
<city xmlns="http://www.sec.gov/edgar/common">New York</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">NY</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">10282</zipCode>
</address>
</brokerOrMarketmakerDetails>
<noOfUnitsSold>1307500</noOfUnitsSold>
<aggregateMarketValue>68238425.00</aggregateMarketValue>
<noOfUnitsOutstanding>30942757</noOfUnitsOutstanding>
<approxSaleDate>10/06/2026</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 20 percent of the common stock of the Issuer prior to the sale transaction. Canyon Value Realization Master Fund, L.P. - 524,140 shares. Canyon Value Realization Fund, L.P. - 158,800 shares. Canyon Balanced Master Fund, Ltd. - 479,019 shares. Canyon ESG Master Fund, L.P. - 28,741 shares. Canyon-ASP Fund, L.P. - 116,800 shares.</remarks>
<noticeSignature>
<noticeDate>10/06/2026</noticeDate>
<signature>Jonathan M. Kaplan</signature>
</noticeSignature>
</formData>
</edgarSubmission>
