{"id":2748,"date":"2016-03-11T14:08:54","date_gmt":"2016-03-11T19:08:54","guid":{"rendered":"http:\/\/www.libertystudentnews.com\/?p=2748"},"modified":"2016-03-11T14:08:54","modified_gmt":"2016-03-11T19:08:54","slug":"liberty-universty-buys-majority-stake-in-river-ridge-mall","status":"publish","type":"post","link":"https:\/\/www.libertystudentnews.com\/?p=2748","title":{"rendered":"Liberty Universty buys majority stake in River Ridge Mall"},"content":{"rendered":"<p>CBL &#038; Associates Properties, Inc. (NYSE: CBL) today announced progress on its mall disposition program. CBL closed on the sale of a 75% interest in River Ridge in Lynchburg, VA, to Liberty University. CBL received net cash proceeds of $33.5 million for the interest in River Ridge. CBL retains a 25% ownership position in the asset and is responsible for leasing and management, earning customary fees.<\/p>\n<p>\u201cWe are pleased to announce further progress on our mall disposition program with the sale of a majority interest in River Ridge and to enter into a new partnership with Liberty University, an institution that recognizes the excellent value of the property,\u201d said Stephen Lebovitz, CBL\u2019s President &#038; CEO. \u201cThe sale marks another milestone achievement in our portfolio transformation strategy. We look forward to continuing this progress throughout the year.\u201d<\/p>\n<p>Read More at <a href=\"http:\/\/www.wdbj7.com\/news\/local\/lynchburg-bedford\/liberty-universty-buys-majority-stake-in-river-ridge-mall\/38464448\" target=\"_blank\">WDBJ<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBL &#038; Associates Properties, Inc. (NYSE: CBL) today announced progress on its mall disposition program. CBL closed on the sale of a 75% interest in&#8230;<\/p>\n<div class=\"more-link-wrapper\"><a class=\"more-link\" href=\"https:\/\/www.libertystudentnews.com\/?p=2748\">Continue reading<span class=\"screen-reader-text\">Liberty Universty buys majority stake in River Ridge Mall<\/span><\/a><\/div>\n","protected":false},"author":3,"featured_media":2749,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","entry"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/www.libertystudentnews.com\/wp-content\/uploads\/2016\/03\/1442424661_rr.jpg","jetpack_shortlink":"https:\/\/wp.me\/pJcR0-Ik","jetpack_sharing_enabled":true,"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.libertystudentnews.com\/index.php?rest_route=\/wp\/v2\/posts\/2748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.libertystudentnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.libertystudentnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.libertystudentnews.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.libertystudentnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2748"}],"version-history":[{"count":0,"href":"https:\/\/www.libertystudentnews.com\/index.php?rest_route=\/wp\/v2\/posts\/2748\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.libertystudentnews.com\/index.php?rest_route=\/wp\/v2\/media\/2749"}],"wp:attachment":[{"href":"https:\/\/www.libertystudentnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.libertystudentnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.libertystudentnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}