– USA, TN – CBL Properties (OTC: CBLAQ) today announced the newly composed Board of Directors to serve following the emergence from Chapter 11 on November 1st.
Jonathan Heller, Partner and Head of the New York office of Canyon Partners, who joined the Board on October 15, as well as Stephen Lebovitz and CBL Properties, will continue serving as Directors.
In addition, five new Directors will join the Board:
- Jonathan Heller, Chairman
- Charles Lebovitz, Lead Director
- Stephen Lebovitz, CEO
- Marjorie Bowen,
- David Contis,
- David Fields,
- Robert Gifford,
- Kaj Vazales.
“We are pleased to welcome such a strong slate of directors to the CBL Board. CBL will benefit tremendously from directors that offer such diverse experiences and backgrounds,” commented CEO, Stephen Lebovitz. “We are at an exciting point in CBL’s history, and I know each new board member’s excellent credentials and unique knowledge will add significant value to CBL and help position the company for future growth and success.”
About Jonathan Heller (Chairman)
Mr. Heller is a Partner who oversees the New York office at Canyon Partners and is a member of the firm’s Investment Committee. He is responsible for the firm’s investments in companies in a wide range of industries, including REITs, Retail, Financial Institutions, Technology, and consumers. He has significant experience in various asset classes including stressed and distressed corporate debt, real estate securities, equities, municipal fixed income, and structured products.
About Marjorie Bowen
Ms. Bowen is a former managing director of the fairness opinion practice at Houlihan Lokey. She has significant experience as a Board member of numerous public companies including several restructured companies in a variety of industries.
About David Contis (Lead Director)
Mr. Contis is the founder and president of AGORA Advisors, Inc. He has served as a board member for various companies, including his current service at Equity Lifestyle Properties, Inc. He brings extensive retail real estate experience having held executive leadership positions at Simon Property Group, Inc., and The Macerich Company.
About David Fields
Mr. Fields is EVP, Chief Administrative Officer, and General Counsel for Sunset Development Company, the developer of Northern California’s 585-acre Bishop Ranch. He has over 30 years of experience leading operations, administration, and legal affairs for companies with large-scale branded real estate holdings including the Irvine Company’s Retail Division and Bayer Properties.
About Robert Gifford
Mr. Gifford most recently served as President and CEO of AIG Global Real Estate. Previously he was a Principal with AEW Capital Management holding leadership positions in acquisitions, capital markets/capital raising, portfolio, and asset management. He currently serves on the boards of Lehman Brothers Holding, Inc., the advisory boards of Milhaus Ventures LLC., and the Davis Companies, and previously served on the board of Retail Properties of America (NYSE: RPAI) and Liberty Property Trust (NYSE: LPT).
About Kaj Vazales
Mr. Vazales is MD and Co-Head of North America for Oaktree’s Global Opportunities strategy, leading the team’s investing efforts across several industries in the region and overseeing the group’s recruiting efforts. He is responsible for sourcing, underwriting, and executing publicly traded and private investments in the areas of distressed and stressed credit, private equity, leveraged finance, and equities. He has overseen several restructurings of companies including playing a key role in CBL’s plan. He has also actively participated in both in- and out-of-court recapitalizations for some of the group’s largest investments, including sitting on ad hoc and official committees of creditors in chapter 11.
About CBL Properties
Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market‑dominant properties located in dynamic and growing communities. CBL’s portfolio is comprised of 105 properties totaling 63.9 million square feet across 24 states, including 63 high-quality enclosed, outlet, and open-air retail centers and six properties managed for third parties. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing, and profitable reinvestment in its properties.
For more information: https://www.cblproperties.com/
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