CBL & Associates Properties, Inc. (NYSE: CBL) is an American real estate investment trust (REIT) based in Chattanooga, Tennessee. The fourth largest shopping mall REIT in the United States, it owns, holds interests in, or manages 130 properties including 79 market-dominant enclosed malls and open-air centers. CBL is an active developer of new regional malls, open-air centers, and lifestyle and community centers. The company’s growth strategy also comes from the acquisition of regional malls. In 2008, the company's total revenue was $1.16 billion.