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Subsequent Events
9 Months Ended
Sep. 30, 2024
Subsequent Events [Abstract]  
Subsequent Events

Note 14 – Subsequent Events

In October 2024, the Company redeemed $25,307 in U.S. Treasury securities and purchased $25,300 in new U.S. Treasury securities with maturities through October 2025.

In October 2024, the Company completed the repurchase of 500,000 shares of CBL stock for $12,525, in a privately negotiated block trade from a single shareholder. The block repurchase was completed separately from the Company’s existing stock repurchase program, which was completed in September 2024.

In October 2024, the Company and its joint venture partner entered into a new $66,000 non-recourse loan secured by The Outlet Shoppes of the Bluegrass. Proceeds from the new loan were used to pay off the existing $61,480 loan secured by the property. The new loan has a ten-year term and bears a fixed interest rate of 6.84%.

In November 2024, the Company and its joint venture partner sold the former Sears parcel at Northgate Mall and used the proceeds to pay off the $3,062 loan secured by that parcel.

In November 2024, the Company and its joint venture partner entered into new non-recourse loans secured by Hammock Landing, which total $45,000. Proceeds from the new loans were used to pay off the existing variable rate loans secured by the property, which totaled $44,243. The new loans have a ten-year term and bear a fixed interest rate of 5.86%.

In November 2024, the Company was notified by the lender that the loan secured by Coastal Grand Dick's Sporting Goods was in maturity default. The Company is in discussions with the lender regarding a loan modification/extension.