CBL Properties Sells Layton Hills Convenience Center, Layton Hills Plaza And Nine Related Outparcels for $28.5M
Portfolio Pulse from Benzinga Newsdesk
CBL Properties has sold Layton Hills Convenience Center, Layton Hills Plaza, and nine related outparcels for $28.5 million. This transaction is part of CBL's strategy to optimize its portfolio.
September 11, 2024 | 8:09 pm
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CBL Properties has completed the sale of Layton Hills Convenience Center, Layton Hills Plaza, and nine related outparcels for $28.5 million. This move aligns with CBL's strategy to optimize its portfolio, potentially improving its financial position.
The sale of these assets for $28.5 million is a strategic move by CBL Properties to optimize its portfolio. This could positively impact the company's financial health and investor sentiment, leading to a potential short-term increase in stock price.
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IMPORTANCE 70
RELEVANCE 100