Beal Bank USA has announced an additional $110 million investment in CBL Properties, increasing the total to $443 million to support the acquisition of four enclosed regional malls: Mesa Mall in Grand Junction, Colorado; Paddock Mall in Ocala, Florida; Ashland Town Center in Ashland, Kentucky; and Southgate Mall in Missoula, Montana.
Based in Las Vegas, Beal Bank USA has approximately $16.9 billion in assets as of June 2025 and is known for its stability and strong capitalization.
CBL Properties, headquartered in Chattanooga, Tennessee, manages a national portfolio of 89 properties totaling 55.4 million square feet across 22 states. Its holdings include 55 enclosed malls, outlet centers, and other retail assets, with a focus on active management and profitable reinvestment.
KEY QUOTES:
“On behalf of our broader team at Beal Bank, we are delighted to have this opportunity to expand and extend our support for CBL and their growing portfolio of market-dominant retail properties. This deal further demonstrates CSG Investments’ continued commitment to the Commercial Real Estate industry.”
Matt Hart, Managing Director, Origination for Beal Bank USA’s wholly-owned commercial lending subsidiary CSG Investments
“We are pleased to further our relationship with Beal Bank through this transaction. This financing strengthens our balance sheet by extending our maturities, reducing interest rate risk, and locking in the attractive returns and cash flow generation from the four-mall acquisition.”
Ben Jaenicke, EVP – CFO of CBL Properties
