Add CBL & Associates Properties to the list of REITs looking for quality over quantity.

As I wrote in December, a number of REITs are selling off assets that no longer fit their core portfolio, and in fact CBL announced last week that it had found a buyer for Lakeshore Mall in Sebring, FL.

“We as a management team and organization are fully committed to a strategic plan that transforms the CBL portfolio to a higher level of sustainable growth,” said Stephen D. Lebovitz, president and CEO, in a conference call and presentation regarding its future plans. The goal is not to shrink the portfolio, he added, but to refocus on higher-producing centers.

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