CBL Properties Announces Promotions

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CHATTANOOGA, Tenn.–(BUSINESS WIRE)– CBL Properties (OTCMKTS:CBLAQ) today announced the promotions of Jennifer Cope to Senior Vice President – Operations Services and Joseph Khalili to Senior Vice President – Financial Operations.

“Throughout their careers at CBL, Jennifer and Joseph have met challenges head-on, taking on additional responsibilities, and leading important projects that have modernized CBL’s financial operations,” said Stephen Lebovitz, chief executive officer, CBL Properties. “We are thrilled to recognize their leadership and achievements with these well-deserved promotions.”

Cope joined CBL in July 2001 as a Junior Analyst in Financial Services and has served various roles supporting CBL’s insurance and risk management programs, technology, JV relations, and loan closings. She transitioned to CBL’s business transformation team in March 2014 and was promoted to Vice President in February 2015, leading CBL’s Shared Services and Operations Services divisions.

Khalili joined CBL in 2012 as a Portfolio Accountant focused on Third Party Managed properties and in 2014 was promoted to Acquisitions Analyst where he participated in multiple transactions. In 2016, he assumed the role of Director – Financial Planning and Analysis. He was promoted to Senior Director in 2017, and Vice President in 2019, leading CBL’s financial planning and budgeting teams. Prior to joining CBL, he spent seven years with General Growth Properties

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No Solicitation or Offer

Any new securities to be issued pursuant to the restructuring transactions may not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws but may be issued pursuant to an exemption from such registration provided in the U.S. bankruptcy code. Such new securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and any applicable state securities laws. This press release does not constitute an offer to sell or buy, nor the solicitation of an offer to sell or buy, any securities referred to herein, nor is this press release a solicitation of consents to or votes to accept any chapter 11 plan. Any solicitation or offer will only be made pursuant to a confidential offering memorandum and disclosure statement and only to such persons and in such jurisdictions as is permitted under applicable law.

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