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CBL, Horizon Project Beats Expectations

WASHINGTON DC 02.09.2017

THE SIXTH ANNUAL DC REGION AFFORDABLE HOUSING

The Future of HUD, Finance, Development and More Under a New Administration

Buwa Binitie -- Dantes Partners
David Godschalk -- Telesis
Bo Menkiti -- The Menkiti Group
CBL, Horizon Project Beats Expectations

outlet shoppes

According to CBL Associates Properties, sales at The Outlet Shoppes at Atlanta are doing very well. (It's following that old adage: People love stuff.) "The center had a  tremendous opening, with sales and traffic  above expectations, and is on track to achieve first year sales of over $400/SF," the company stated in filings with the SEC. This reps an initial unleveraged return of approximately 12%. The 370k SF regional power center opened this past July; CBL developed and co-owns (75% stake) the property with Horizon Group Properties