CBL Acquires Nebraska Mall, Sells Open-Air Center

The real estate investment trust continues its strategy of focusing on high-yield enclosed malls.

Published on Mar. 5, 2026

Got story updates? Submit your updates here. ›

CBL Properties has acquired an enclosed shopping center in Lincoln, Nebraska, for $43.5 million and agreed to sell an open-air shopping center in two separate transactions. The moves are part of CBL's strategy to pursue high-yield enclosed mall properties and recycle capital.

Why it matters

CBL's acquisition of the Gateway Mall in Lincoln and sale of an open-air center aligns with the company's broader focus on enclosed malls, which have higher cash flow yields compared to open-air shopping centers. This shift in strategy aims to boost CBL's overall financial performance.

The details

The Gateway Mall acquisition in Lincoln, Nebraska, cost CBL Properties $43.5 million. In separate transactions, the company also agreed to sell an open-air shopping center. These moves are part of CBL's ongoing strategy to concentrate its portfolio on high-yield enclosed malls and recycle capital from open-air assets.

  • CBL announced the transactions on March 5, 2026.

The players

CBL Properties

A real estate investment trust that owns and operates enclosed malls and open-air shopping centers across the United States.

Got photos? Submit your photos here. ›

The takeaway

CBL's latest moves demonstrate its strategic shift towards focusing on enclosed malls, which the company sees as offering higher cash flow yields compared to open-air shopping centers. This portfolio repositioning aims to improve CBL's overall financial performance.