CBL Properties Welcomes Highly Regarded REIT Professional Michael A. Torres to Its Board of Directors
15 Junio 2023 - 8:00AM
Business Wire
CBL Properties (NYSE: CBL) today announced that Michael A.
Torres has been appointed to the Company’s board of directors. Mr.
Torres was also appointed to serve as a member of the Company’s
Audit Committee.
“With a more than 35-year career in real estate and securities
investing, Michael brings a tremendous amount of relevant and
complementary experience to CBL’s board of directors,” said David
J. Contis, chairman of the board. “Michael’s investment acumen and
understanding of the real estate landscape through various cycles
will be an asset to our Company and Board as we continue to pursue
opportunities to create value for our shareholders. The addition of
Michael also furthers our commitment to enhancing diversity
throughout the organization, including at the Board level.”
Mr. Torres serves as chief executive officer and portfolio
manager of Adelante Capital Management, LLC, a minority-owned
investment management firm focused on publicly traded real estate
securities. Mr. Torres joined the firm in February 1995. Prior to
joining Adelante, Mr. Torres was the director of real estate
research and a portfolio manager for Wilshire Asset Management. At
Wilshire, he created the Wilshire Real Estate Securities Index,
widely recognized as the industry’s performance benchmark.
Mr. Torres serves on the board of directors of Colovore LLC and
Renova Therapeutics, Investment Committee for the Stern Grove
Festival Foundation, and the BEE Partners LP Advisory Board. Mr.
Torres received a B.A. in Architecture and an M.B.A. from
University of California, Berkeley.
About CBL Properties
Headquartered in Chattanooga, TN, CBL Properties owns and
manages a national portfolio of market-dominant properties located
in dynamic and growing communities. CBL’s owned and managed
portfolio is comprised of 94 properties totaling 58.5 million
square feet across 22 states, including 56 high-quality enclosed
malls, outlet centers and lifestyle retail centers as well as more
than 30 open-air centers and other assets. CBL seeks to
continuously strengthen its company and portfolio through active
management, aggressive leasing and profitable reinvestment in its
properties. For more information visit cblproperties.com.
Information included herein contains “forward-looking
statements” within the meaning of the federal securities laws. Such
statements are inherently subject to risks and uncertainties, many
of which cannot be predicted with accuracy and some of which might
not even be anticipated. Future events and actual events, financial
and otherwise, may differ materially from the events and results
discussed in the forward-looking statements. The reader is directed
to the Company’s various filings with the Securities and Exchange
Commission, including without limitation the Company’s Annual
Report on Form 10-K, and the “Management's Discussion and Analysis
of Financial Condition and Results of Operations” included therein,
for a discussion of such risks and uncertainties.
CBL_Corp
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230615369048/en/
Investor Contact: Katie Reinsmidt, EVP & Chief Operating
Officer, 423.490.8301, Katie.Reinsmidt@cblproperties.com Media
Contact: Stacey Keating, Vice President, Corporate Communications,
423.490.8361, Stacey.Keating@cblproperties.com
CBL and Associates Prope... (NYSE:CBL)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
CBL and Associates Prope... (NYSE:CBL)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024