CBL Properties Welcomes Jeff Kivitz to Its Board of Directors
August 10 2022 - 9:00AM
Business Wire
CBL Properties (NYSE: CBL) today announced that Jeff Kivitz has
been appointed to the company’s board of directors. Mr. Kivitz was
also appointed to serve as a member of the company’s compensation
committee and nominating/corporate governance committee.
“Jeff brings great experience to CBL’s board of directors,” said
Stephen D. Lebovitz, chief executive officer. “We have had the
opportunity to get to know and work with Jeff through CBL’s
restructuring and since emergence through his role at Canyon
Partners, CBL’s current top shareholder. His extensive investment
experience will be important as we continue our focus on maximizing
value for our shareholders.”
Mr. Kivitz is a Partner with Canyon Partners, LLC. He is
responsible for the firm’s investments in companies across the
REIT, technology, software, building product, and retail sectors.
Prior to joining Canyon, Mr. Kivitz worked as a consultant in both
the private equity and general consulting practices at Bain &
Company, where he acted as an advisor on buyout and corporate
strategy. Mr. Kivitz graduated cum laude from Williams College
(B.A., Economics).
About Canyon Partners LLC
Founded and partner owned since 1990, Canyon is a global
alternative investment manager with eight offices worldwide. The
firm employs a deep value, credit intensive approach with a focus
on special situations and other complex investments. Canyon’s
strategies encompass a broad range of asset classes, including
specialty financings, distressed investments, corporate bonds,
securitized assets, real estate, arbitrage, and value equities. For
more information visit: www.canyonpartners.com
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 owned and managed
portfolio is comprised of 95 properties totaling 59.6 million
square feet across 24 states, including 57 high-quality enclosed
malls, outlet centers and lifestyle retail centers as well as more
than 30 open-air centers and other assets. CBL seeks to
continuously strengthen its company and portfolio through active
management, aggressive leasing and profitable reinvestment in its
properties. For more information visit cblproperties.com.
Information included herein contains “forward-looking
statements” within the meaning of the federal securities laws. Such
statements are inherently subject to risks and uncertainties, many
of which cannot be predicted with accuracy and some of which might
not even be anticipated. Future events and actual events, financial
and otherwise, may differ materially from the events and results
discussed in the forward-looking statements. The reader is directed
to the Company’s various filings with the Securities and Exchange
Commission, including without limitation the Company’s Annual
Report on Form 10-K, and the “Management's Discussion and Analysis
of Financial Condition and Results of Operations” included therein,
for a discussion of such risks and uncertainties.
CBL_Corp
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version on businesswire.com: https://www.businesswire.com/news/home/20220810005528/en/
Investor Contact: Katie Reinsmidt EVP & Chief Investment
Officer 423.490.8301 Katie.Reinsmidt@cblproperties.com Media
Contact: Stacey Keating Vice President, Corporate Communications
423.490.8361 Stacey.Keating@cblproperties.com
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